I guess they could still work for companies that pay their employees in bitcoin, companies like Stripe, exchanges etc.
That does not make bitcoin a career it is just a means of receiving payment. You cannot classify the U.S. Dollar as a career cause there are companies that pay in it. The closest to a bitcoin career would be becoming a bitcoin dev or trader. - Jay - |
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I do not think it was a global issue and for the most parts it is alleged that the big retail companies were gouging prices due to all the talk about shortages and possibly they were exaggerating the effect.
- Jay -
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Bitcoin is a decentralized cryptocurrency, NOT a career.
What would help those with household responsibilities (regardless of gender) is remote work and flexible work hours.
- Jay -
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There could be different reasons for this issue, it could be cause the second transaction has not gotten the required confirmations for it to reflect in your balance. Coinbase requires at least 2 confirmations for a transaction to be spendable as a security feature, this means that a transaction can de confirmed on chain but not yet on your coinbase account. I'm really worried about my $BTC and why I can't access it all.
To avoid worrying about your bitcoins, use them on a non custodial wallet like electrum. - Jay - |
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Electrum caters to both mobile and PC platforms, so you can enjoy a high level of security even while on the move. If you still feel the need for extra security measures, you can enhance it by utilizing popular hardware wallets such as Trezor, Ledger, and others.
Ledger is a poor option for a hardware wallet. If you feel the need to enhance electrum's security, you should get a spare device that will form your offline, cold storage (air-gap). It is safer than a hardware wallet. - Jay - |
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How much role does bitcoin play for the current young generation?
As a decentralized currency it plays the role of an unregulated alternative to fiat. The younger generations does not have to be fixated on the banks and solely dependent on them cause of the emergence of bitcoin. #By doing this, their time is being spent through work and they are also able to earn some money through Bitcoin. By doing this, they are able to support their own expenses and financially support their family.
You earn bitcoin, not earn money through bitcoin. Bitcoin is money. I think when this Bitcoin was not in circulation in my country many people are almost suffering from unemployment problem.
Bitcoin does not create jobs and does not fix the economy of a nation. - Jay - |
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Firstly, digital identity solutions provide an added layer of security by ensuring that only authorized individuals have access to their accounts and funds. By implementing robust identity verification processes, exchanges can prevent unauthorized access and protect users from potential hacking attempts or fraudulent activities. This helps in building trust and confidence among users, knowing that their identities are protected.
Exchanges do anything but prevent unauthorized access. What is worse is they have the liberty to permit access so you are not only at risk of a hack, you are at risk of not being able to access your profile cause the exchange does not want you to. Safer to user a wallet where you get to authorize the access using your private keys and not have to write to customer support to spend your bitcoins. Furthermore, digital identity solutions enable exchanges to comply with regulatory requirements and anti-money laundering (AML) policies. By implementing Know Your Customer (KYC) procedures, exchanges can verify the identity of their users and ensure they are not involved in illicit activities. This helps create a more transparent and accountable ecosystem, making it harder for criminals to exploit the anonymity of cryptocurrencies.
KYC is on place but it does not add transparency, it only puts something else of value to you that can be stolen, your data. It might help in cases where a scammer wants to move stolen funds, but trusting your data to third parties is not advisable. Additionally, digital identity solutions enhance the overall user experience by streamlining the registration and onboarding process. By utilizing advanced technologies such as biometrics and secure document verification,
Biometrics is the least secure way to secure an account. - Jay - |
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Why did you lie about this part?  Your posts from 2013 indicate an educated personality who participated in many auctions, the quality of your technical participation was high, so how did you know about Bitcoin in 2019? ... I have no intention to derail this thread, but that quote does not show that the user only learnt about bitcoin in 2019, in fact the text above it shows that the user claims to have bought bitcoins before it was worth hundreds of dollars. That suggests they knew about bitcoin early on when faucets were profitable. 1. When and why did you become interested in cryptocurrencies?
Answer: ...Then my cousin introduced me to Bitcoin. I would love to learn about this digital currency and how it is measured in Satoshi. I started collecting satoshis from faucets not knowing that the value of bitcoins will increase in the future. When the price was in the hundreds I sold most of the proceeds to enjoy my gain... This is not solid proof it is the same user and there is a huge post gap in their history, but that quote does not suggest it is a different person behind the screen. - Jay - |
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Satoshi gave us Bitcoin and only wanted to stay anonymous and private. Bitcoiners are not interested in making their job of staying under the radar any more difficult than it is.
- Jay -
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CFNP What's this? Closed For New Participants?  Blurry eyes. Both parent and child transactions are unconfirmed, and the high-paying one is the child, so to invalidate the big one, you only need to double-spend the parent. So, you could pretend the mempool is clogged up, but you'd only need to mine one small transaction for invalidating every big child transaction.
I still do not get it; you are saying one can invalidate the parent transaction by mining the smaller (in size) child transaction? But to mine the child transaction you do have to confirm the parent transaction as well, that is not invalidating. Double spending and CPFP are different things. - Jay - |
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You called it "all countries," therefore the effect on Bitcoin would be severe, and even the price would fall so much on the announcement and will keep a low value. But Bitcoin would continue to exist if it's only mining they ban as there are over 19 million Bitcoins mined already, so the game continues.
The game cannot continue in that hypothetical situation. Without miners there are no new blocks confirmed and no new bitcoin added. Yes we have over 19 million units already but without miners no transaction can be confirmed and your bitcoins have no practical use in your wallet. The hashrate would drop massively and any malicious player (government themselves even) can attack the network. This situation is not likely to happen but if it does it can be the end or would temporarily halt the network. - Jay - |
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They'd have less chance than the 69%. Also, the 69% could invalidate them at any time, and at a very low cost, just by making sure they use CPFP. For instance, a 10kb transaction paying 100 sat/vb, requires only a small transaction spending the parent, and invaliding the 10kb one.
Correct me if I'm wrong, but CPFP does not invalidate the parent transaction, it bumps up the fee for confirmation by a miner who wants the cumulative fees of both transactions. How can one then use the child transaction to invalidate the parent? - Jay - |
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It is ironic that the team which has won the Champions league three times are the underdogs to the team that has never won it, but that is football which is a game of current form and not past victories. The fact that Inter Milan are underdogs and are expected to fall under the might of City could be their greatest strength. They have the freedom to play however they want with no pressure, I can imagine they would sit back for majority of the game and try to hit on the counter.
Manchester City on the other hand are expected to come out all guns blazing as they did in the second leg of the semi-final tie and even if they try to, they do not know how to sit back as good as other teams. Guardiola may have to rely on the strength of his side, which is its attack and hope they do not leave enough space behind for Milan's pacy attackers.
- Jay -
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Another quick question, Electrum displays the miner fees accurately, right? Or has there been an instance, maybe with an old version, where it displays fees that are too low and then you end up getting much higher ones when the transaction actually goes through?
Electrum determines fees range based on the current mempool state, but that can change at anytime and the fees you see might be outdated at the time you make the transaction. It is best you check other source to determine the most suitable fee to pay at the time. - Jay - |
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Good for your neighbor, you can ask them if they did their research before setting up their bitcoin payment option and if a single customer would be enough to keep such payment option up considering they would be paying fees to withdraw the bitcoin to your local currency.
Or if they plan to hodl the bitcoins gotten.
- Jay -
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Beginners have no business using leverage while trading or playing around with futures. It is very easy to have your share vanish while trading if you do not know what you are doing.
If you are not absolutely sure of what you are doing then avoid putting money into it.
- Jay -
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What is a security? A security in finance is any asset or financial instrument that represents some value in an industry and gives its holder some form of ownership. For example if you invest in a stock or share of a company you own a percentage of the company, making the share a security How can they tell which token or coin is security and which is not?
On research the best answer I got is that they consider which crypto is sufficiently decentralized and determines that it is not a security. I can only think that decentralized projects cannot give ownership cause there is no central point of control. How will these exchanges know what they did wrong if there is nothing that proves that a particular token is security?
No clue. They declare more crypto tokens to be securities at intervals and exchanges can easily fault their regulations unknowingly. Or maybe they send a memo as at when they make it official, we can only speculate. - Jay - |
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Yes. Internally, locally... What is the difference? The point is that the seed phrase and private keys are created, stored and accessible by your wallet software.
The slight difference is that on one end it is stored in their logs and any breach on their side can access it or the software themselves can easily steal your private keys and on the other hand it is not stored in their data logs but on the user's wallet file and not directly accessible to them. There is always a risk when dealing with soft-wares even those that are open source, but is is much safer choosing one which is open source and reputable. - Jay - |
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Following up the discussions on the issue many users are talking about how they have used Atomic wallet for years without any issues, this is the perspective of many Bitcoin enthusiast; they value the long standing "reputation" over evidence against it, so if a wallet like Trust wallet has existed for a long time with little issues millions would still use it despite the warnings against it. This is same with Coinomi and Atomic wallet. And the most important thing is an open source wallet doesn't mean the security is 100% safe.
The user shares some (a whole lot) responsibility in keeping their assets safe. It being open source allows you to be able to verify what security they use, how they generate and store seedphrases... A user might not be able to do this themselves but can do research on discoveries about the wallet. - Jay - |
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