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1201  Other / Beginners & Help / Re: Hey there Bitcointalkers! on: August 16, 2023, 09:47:56 AM
Hello I just created my account here, I have been using BTC for a while but never really have the power to make an account here, now I did and wanted to say Hi to you all since it was recommend to do so.
I think and hope my time here will be enjoyable, I seen from before that the knowledge here is very high so I think using the Search tool when you wonder something will be a great way to use the forum.
I also saw it's a lending board and a marketplace, nothing I need for now but it's good that people that trust each other can make deals without anyone else involved.

Now I have said more then enough, I am happy to be here and hope I will enjoy my time and hope you enjoy yours!
If your intention for joining the forum is to learn about bitcoin and interact with bitcoiners, you will find here very helpful. The information has unlimited knowledge about the working of bitcoin and other cryptocurrencies. It is great that you are aware of the search tool of the forum because it will help you to dig deep into the information bank of the forum.

This forum has a lot of trustworthy and reliable members but you shouldn't trust every member. Some pretenders claim to be reputable in a bid to defraud some others. Don't also be in a haste to start posting because you have to spend some time learning about bitcoin and observing the operations of the forum.
1202  Economy / Economics / Re: What if the Satoshi (Sats), became the foundation of our economy? on: August 16, 2023, 09:07:03 AM
Quote from: jspree link=topic=5463442.msg62703092#msg62703092 date=1692171910
[b
- Form of Money:[/b] How might the transition from thinking of Sats merely as a fraction of Bitcoin to accepting it as a distinct form of money change our economic landscape?
Hopefully, Bitcoin will get to the where it will be generally accepted by the majority of the world's population. Just like we have other fractions of currencies such as pence and cents,  sats will also be accepted as a fraction of Bitcoin. The worth of Bitcoin will affect the purchasing power of sats. Sats might be able to buy some items if the price of Bitcoin goes very high.

Quote
Stability:[/b] What would it take for a Sats-driven economy to achieve stability, considering the highly volatile nature of Bitcoin? Could it provide a steadier foundation than existing fiat currencies?
I doubt of Bitcoin will ever be free from its speculative nature. But if it ever becomes less volatile, it will create a more stable economic foundation than fiat because it is decentralization. It will be difficult to manipulate compared to other currencies.

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- Fair Value: Could Sats provide an equitable value system that transcends borders and economic disparities, creating a more just financial world?
Bitcoin is not issued by any country and its worth is the same everywhere. The disparity faced by some countries will be reduced because Bitcoin is decentralized. It will be unlike the dollars that dominate other currencies, meanwhile, they are the same printed fiat as other nation's currencies.
1203  Bitcoin / Bitcoin Discussion / Re: Can a transaction in a 6 block confirmation removed on: August 16, 2023, 07:35:49 AM
This is never possible to get it reversed after 6 block confirmation..
Let say if a transaction is being sent immediate you can't reversed it because you had initiated the transaction, it may be pending for over hours but can't be reversed just I as do sent out btc since on 14 of August and it the transaction hasn't confirmed yet but looking from explorer (txt) I noticed the sender address is empty and while the receiver address has the balance inside of it but has not yet confirmed. I checked through my Binance app I couldn't see it but still pending transaction ( now it can only get to my binance app after the 6 block confirmation so this cause me not to panic anymore)
Transactions cannot be reversed but unconfirmed transactions can be double spent that's why it is important to be confirmed by at least three blocks. The sender can increase the transaction fees and also change the recipient of the funds which will make the former transaction invalid (Replace by Fee (RBF).

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but if there were ways for boosting the transaction I wouldn't mind proceed with it.
Some mining pools offer transaction acceleration services but is not advisable to use them because you will be relying on a third-party service provider. But you can try adopting RBF or CPFP. In Replaced by Fee the sender will have to pay a higher transaction fee to make the transaction more attractive to miners. While in Child pays for Parent it is the recipient that bears the cost of broadcasting a new transaction.
1204  Bitcoin / Legal / Re: BlackRock and MSCI are facing congressional probes over facilitating investments on: August 15, 2023, 11:39:03 AM
It is already at the point. Very soon we will witness the migration happening. It may start from moving offices and branches and lead to total exit of the US market. We all understand how formidable the US market is, but immediately one discovers how to do without the market, others will follow.
I'm not sure I get it. You say it is already happening but then the migration is yet to happen. Do you happen to know which business is leaving the US completely that was based in the US from the beginning? I can only recall Bitrexx and other exchanges that were based overseas like Binance. Personally, I don't think a business like Blackrock will do that.

I guess we'll just wait and see if the US crypto market will be dead completely or if will it stay with stricter regulations in the future.
The only reason why most crypto firms might not consider leaving the US is because of the market size. The US has not also been very stringent as it is today. But if these regulations persist and these crypto firms have other options, they will have to leave the US. China thought the cryptosystem will collapse without their support, but the market grew more resistant and stronger. Coinbase co-founder Brian Armstrong once threatened to relocate overseas if the SEC under Gary Gensler keep intensifying the scrutiny on the exchange (although he later assured Coinbase customers that the firm is not leaving the market).
1205  Economy / Gambling discussion / Re: Please put your gambling threads in the correct section!!!! on: August 15, 2023, 10:13:10 AM

 sorry to ask; did I miss something here? I made the topic in the gambling discussion board right?.. I need to get this really straight; where was that supposed to be??

Sandra 🧑‍🦰
You most definitely missed something. You made a post in the "gambling" board. I reported it and it is now in the "gambling discussion" board. They are 2 different boards. I'm not getting on your case trying to make you look stupid or berate you. Look around and see if you can see the difference.
Thank you yahoo62278 for clarification because I never knew the difference until you explained. I observed that the gambling board usually relates to casinos but sometimes I see other unrelated topics there and I thought it was okay until you explained it. I also wanted to see the difference from the post you mentioned but got confused because they were on the gambling discussion board until you clarified that they were moved. I want to know if there are any means of identifying a topic that was moved to another board. Nevertheless, I support the need to post on the appropriate board.
1206  Other / Beginners & Help / Re: Can we have a newbie Bitcoin wallet? on: August 15, 2023, 09:27:28 AM
Is there any wallet for newbies? If there's none, I think we should have a wallet for newbies. As a newbie who wants to learn and more about crypto, I've learnt that owning a wallet is very essential in managing one's crypto assets hence the necessity for anyone who wants to get involved in Bitcoin must have crypto wallet.

So I'm asking if there can be wallets for newbies that'll contain tutorial measures on how to use it and it'll also be user friendly to newbies thereby helping them to learn all the basics of Bitcoin wallet so as they grow and improve their knowledge about wallets and Bitcoin in general, they can advance to pro versions of Bitcoin wallets. With this, to send, receive coins  and do other things like message signing will  be less complicated to newbies and will also make the use of Bitcoin wallet an easy task for all newbies
If you have ever done online banking, using wallets to send and receive money will not be a big problem. You are already aware that you need to keep the password to your Fiat account safe. The difference is that you need to keep your wallet seed phrase and password safe. Most wallets have tutorials on how to use them and you can also find many tutorials on the internet. You should start using the wallet by transacting small sums. You can also practice using two wallets to send and receive funds between themselves to help you master the wallet.

In contributing to that I also think there should be tutorials held here on bitcointalk forum to educate newbies on the basics of crypto and also how to exchange them . Speaking from experience since I'm also a newbie ,I still find it difficult to understand how to change my coins to money .
You can not view videos in bitcointalk so don't expect to see such tutorials. But you can use the search option in the forum to get more information on wallets. This link also has a comprehensive guide on the use of wallets https://bitcointalk.org/index.php?topic=1631151.0.
1207  Economy / Economics / Re: How to developed your capital on: August 15, 2023, 08:42:09 AM
In this current economic downturn, it takes a lot of sacrifices to save and invest. Inflation is eating up the finance of many people that saving has become extremely difficult. The price of basic needs is increasing and you have to spend all you earn and even borrow to survive. To invest, one needs to cut so many expenses from our budget. Spending less on less important trivial needs and seeking other means of income is an option.

I also agree that we should not underrate any money we have no matter how small. Some people feel that the money they spend on cigarettes, alcohol, snacks, and other wasteful spending is not relevant. But if they calculate how much they have spent on these items, they will be surprised that it would have been enough to invest in Bitcoin.
1208  Economy / Speculation / Re: Why is bitcoin moving now? on: August 15, 2023, 07:29:18 AM
Overtime now it seem like bitcoin is lacking direction but from the look of things it has started gaining effectively price direction and this is going to going a long bullishly but am trying to ask why is moving now on the fact that dollar is rising extremely I thought that would affect the demand and supply of bitcoin... Is this the green opportunity for us to buy or is going to return back after a while let me hear from you because have started calling to ask if they should buy base on the current bitcoin progress if is going to last. Do you think the price will continue voraciously by the day?
The currency of my country is also losing against the dollar. People prefer to hold their money in dollars because they don't have confidence in the local currency. Others that are are knowledgeable about cryptocurrency are converting their fiat to Bitcoin. But for those in the developed world, the dollar is losing value. I am not an economist but it is glaring that Bitcoin has not lost its value since it was created because it keeps regaining its losses over the years. It is also believed that it will get to ATH within the next few years.

Lump-sum investing might not be a bad idea but Dollar cost average should be the best option when investing on a small scale. It helps to spread the risk and the purchase less burdensome. See bitcoin as a long time investment if you want to benefit from it because the price doesn't move like altcoins. The price move gradually over a while. But if you want to be a trader, you need to understand how the market moves in a short time.
1209  Other / Meta / Re: Upgrade00 - Merit Source Application on: August 14, 2023, 08:06:12 PM
Within one week I have come across three applications for merit sources. And the most striking attribute is that they are from the Nigerian community. I am sure that with the increase in merit source applications, the embargo placed on the appointment of merit sources will be lifted so that we can have more merit sources. Upgrade00 is a respected member of our community that distributes his merits without prejudice. It will be a great disservice to the community if I fail to support his application. I am sure he will perform his duty in a just and reasonable manner. I  support his merit source application.
1210  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: August 14, 2023, 06:45:09 PM
The details about the release clause are already varying across the Internet and different sources. Here it says 160 million and what surprises me is that obviously no club was willing to pay that amount of money for him this season or otherwise I guess they would have sold him for 160 million this season as well when they are also willing to let him go for the same amount next season. I thought that Osimhen is overvalued at 160 million and he probably is. The coming season will be a good source of data to validate his value. If he scores as many goals and as many assists, he is expensive although I think I would still disagree with 160 million.
I saw 150 million as the release clause and it will not be activated by an Italian club in the first year. This deal has finally ended the transfer speculations for the Nigerian striker. Hopefully, he will help Napoli to defend the Italian league and assist them in pursuing the Champions League. As regard to release clause, Osimhen is a young player that can improve his performance this season. If he still retains the highest goal scorer in the Italian league this season his worth will appreciate and there will be clubs that will be willing to pay that amount for his signature. Napoli president Aurelio De Laurentiis wanted to keep Osimhen by all means and €10m per year is also a big win for the player.
1211  Other / Beginners & Help / Re: Will Bitcoin do to Bank what email did to the post office? on: August 14, 2023, 06:09:00 PM
Bitcoin is changing the payment system in the world right now. Payments made in Bitcoin are always fast to receive and do not days to receive.
It took hundreds of years for emails to make the post office old-fashioned. Bitcoin is popular mainly in the developed world and among the educated population. Many people in the world have zero knowledge about bitcoin, so it will take hundreds of years for Bitcoin to be generally accepted like bank-issued fiats. It took the banks some centuries to displace traditional financial systems. It might also take Bitcoin the same or more time to penetrate every part of the world. It will continue to be an alternative to fiat until it becomes the dominant currency.

Let me be really straightforward about this question. I think that if people in general start using and accepting bitcoin a lot, it could eventually take the place of regular money we use every day. Right now, our banking system relies on regular money that governments control. But imagine a new system where the government doesn't control how you use money. Regular money tends to lose value over time, but bitcoin doesn't have that problem. Here's an example: If you work and save money for when you're older, the value of that money might go down over the years because things become more expensive.
I don't think the government will watch bitcoin become uncontrollable in their territory and do nothing. They will always introduce regulatory laws to curtail the excesses of Bitcoin. Some nations are introducing CBDCs, regulating exchanges, and even banning Bitcoin all in a bid to control the currency. Every knowledgeable individual knows that decentralization outshines centralization but because the government benefits more from the latter, they will do everything within their power to resist it.
1212  Economy / Economics / Re: The Interplay of Consumption and Production on: August 14, 2023, 04:09:02 PM
In the intricate web of economic dynamics, the relationship between consumption and production is a fundamental axis upon which our societies pivot. This connection is not merely transactional; it holds the potential to foster a synergy that can yield two significant outcomes: justice and profit. The delicate balance between these elements underscores the essence of sustainable economic growth and societal advancement.

Consumption, the engine that drives demand, sets the wheels of production into motion. The choices made by consumers have a direct impact on the types and quantities of goods and services that are manufactured. This link forms the backbone of supply and demand economics, determining what products are allocated resources and how resources are allocated to them. In this paradigm, consumers wield remarkable influence over market trends, innovations, and even social and environmental considerations.
To balance consumption and production there should be proper evaluation of the needs of the people and their income. For manufacturers to avoid waste they should carry out market surveys to ensure that they have the market to sell their products. When a product is in high demand, producers should identity and use the opportunity to manufacture more to satisfy these targeted customers. And production should be reduced when demand declines. Generally, consumers should always be the driver of demand and supply chain.

now lets take something that never existed before. where no one had any pre conceived notion they needed it in their life.. manufacturing started first. then advertising then consumption. where by without the production, people would have been none the wiser they even needed it.
That indeed an instance but technically, will can as well say it was demand driven. Though this might be a complete or partially new product introduced into the market, it often comes as a lack or need to improve on the existing commodity or much needed service.
I also share your thoughts Smartvirus. Something that never exist before has to satisfy a need or improve on a service or product for it to be demanded by customers. Firms can spend so much to advertise a newly introduced product and consumers might not see the need for it. It is not all manufactured products that survive and stay long on the market. Some of them fail to make any impact and they are withdrawn from the market. In summary, manufacturers can introduce new products but it is only demand that can drive supply.
1213  Bitcoin / Bitcoin Discussion / Re: Should the Bitcoin community be concerned about BlackRock? on: August 14, 2023, 02:56:56 PM
I am naive on this topic and mostly happy when a company like BlackRock buys Bitcoin or has some positive news about Bitcoin.

Now, this made me concerned if they're like the 4th branch of government and has got a lot of money which means power as well to the things they touch.

So, if they're touching Bitcoin now then that means that soon they'll be one of the oligarchs on this industry.
I always knew that influential institutions investing in bitcoin will bring both opportunities and threats. The opportunity will be it will drive adoption and attract more investment to the sector. But the threat will be their ability to influence the bitcoin space with thier huge funds and government connections. These are just unseen fear because BlackRock might just be an innocent business that wants to make a profit from the industry. I am not even sure that Biden's government will approve these applications for Spot Bitcoin ETF.

I'm more curious about what the SEC and whatever other branch(es) of the US government are going to do as far as regulation goes.  I'm also hoping a republican gets elected to office as president and Joe Biden becomes another one-termer.  Not to stray too far into politics, but I do think a republican would be more supportive of cryptocurrency than a democrat.  They all suck anyway, but republicans tend to be more business-friendly and less enthusiastic about regulation than democrats.
Politicians are unpredictable and their policies are also dynamic. The last Republican that left the White House was not a fan of Bitcoin. Donald Trump publicly criticized Bitcoin calling it a scam against the dollar. Currently, two Republican presidential candidates Ron DeSantis and Vivek Ramaswamy have shown positive interest in Bitcoin, and if elected bitcoin might get some friendly policies. But a Democrat Robert F. Kennedy Jr has also shown his admiration for Bitcoin. I also hope the US gets a more Bitcoin-friendly President because Joe Biden Administration has not been favorable to the sector.
1214  Economy / Scam Accusations / Re: Failed to submit review and also did not refund the payment. on: August 13, 2023, 12:14:25 PM
I believe one of the reasons why the campaign manager and the project team paid upfront for the review was because the review itself will require participants to spend a few dollars in order to successfully try out all the features of the project.

The project had good intentions so that participants wouldn't complain about not having funds to pay for the review service. It's just so sad that someone out there decided to use that to their own advantage by scamming the $90.
Except the member in question has another reason for running away with $90, I never thought a senior member's account will compromise his account because of that sum. The time, input, and cost of data used to build this account are far more than the sum. And I believe this will be the assumption of the manager. He never thought a member with such rank will not honor the contract. I don't blame the campaign manager at all because what he did was to motivate participants to put in their best in the review. His action can discourage managers from paying upfront for a project. But I am glad that it is just one member that had this bad record, which means we have more trustworthy members in the forum.
1215  Economy / Economics / Re: Can stablecoins be able to prevent de-dollarization? on: August 13, 2023, 11:55:43 AM
You know that PayPal has already launched its own stablecoin.
The company Circle and Tether uses a dollar stablecoin, which is used not only by American companies. If the McHenry bill is passed in the US, will it strengthen the dollar as the world's reserve currency?
Currently, the dollar is the safest fiat currency to back stablecoin because it is more stable compared to other fiat currencies. Paypal has an estimated 429 million users worldwide and PayPal USD (PYUSD) will be available for them to adopt. But this doesn't mean that it will make the dollar stronger because other factors contribute to the value of a currency. With this news, Alipay might come up with its stablecoin backed by the Chinese Yen.

The McHenry bill will be the first comprehensive law on crypto regulations, we are expecting to see the effect of its provisions. But there is not much difference between Central bank digital currencies (CBDCs) and stablecoins. The only difference is that CBDCs are issued by the government while stablecoins are handled by private firms. They are all fiat clothed in crypto.
1216  Other / Beginners & Help / Re: Alleged Phishing Attempt on: August 13, 2023, 11:04:55 AM
I just received an email from Coinbase telling me that they noticed some unusual activity on my account and it has been locked.  It went on to ask that I click on a link to pass a security check before my account is unlocked. I knew this was a phishing attempt and I didn't take any action. However, I am unhappy because it looks like these exchanges may be selling customers' data to third parties. Do they really do that? If they don't, how do these hackers know that I have a Coinbase account?
There is no evidence that Coinbase gave out your data to a third party. This might also be a data breach from Coinbase because they also deal with third parties. These firms might suffer attack from hackers and keep it secret from customers to avoid a lack of confidence. That is why it is important to use unique emails when dealing with third-party organizations. And we shouldn't keep large amounts in exchange.

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If you are newbie and you get this sort of message, do not click the link or attempt to input any personal details. This is also a reminder that if you have your bitcoins on any exchange, it is not yours. Never forget, not your keys, not your bitcoins. Get your bitcoins off exchanges.
Newbies need to check the history of most exchanges that have suffered hacks and fraudulent activities to gain more experience. Some of them were popular and reputable. Many people didn't expect that these well-known exchanges will suffer such attacks and there is no certainty that clients will get a refund of money lost to hackers. No exchange is reliable because a change in government policy can even make them go bankrupt.
1217  Economy / Reputation / Re: Hal Finney's Last Post on Bitcointalk on: August 13, 2023, 05:47:07 AM
Many of us think so too. Hal Finney is Satoshi. How come he was the first person to receive bitcoin from Satoshi?  I read somewhere that Satoshi lived next to him. What a coincidence. Nah. This Man, God rest his soul is Satoshi. But he is one hell of a smart man. He laid out everything perfectly well and sadly exited. He legacy lives one and I am happy with that the bitcoin and crypto- community honors him.
The identity of Satoshi is unknown so we can speculate that he is anybody. I have heard so many of these conspiracy theories and I get more confused each time I read these theories. But unless someone comes up with valid proof that someone is Satoshi, all these speculations will continue to remain people's personal views.

I have also read about Hal Finney. He was one of the few that believed and embraced Bitcoin when the currency was nothing. He would have also been the person that has the information about the identity of Satoshi because he had contact with him. Sadly, he didn't benefit much from the currency he built with Satoshi. Most of his bitcoin was sold to take care of his failing health. He believed in science till death and his body preserved because he believes that one-day science will conquer death.
1218  Bitcoin / Legal / Re: Legal firm recommendations (UK)? on: August 12, 2023, 09:57:34 PM
Hi fellas,

I have a significant amount of BTC held by Blockchain.com (wallet service) and blocked for no apparent reason.

I would like to take legal action against them and therefore I am looking for recommendations on legal firms in the UK.

Can anyone out there suggest anyone that specializes with crypto cases?

Thanks in advance!
You need to give more insight into your problem. Just mentioning that your wallet was blocked is not really a clear description of your problems. Since you experience this issue have you contacted their support service to rectify the problem?  What was their response? What do the terms of service recommend about your issue? Do you have proof of your transactions and chats with Blockchain.com? A Google search will give you the contact of crypto lawyers in the UK. Maybe a member might recommend one to you. Good luck.
1219  Economy / Gambling discussion / Re: Saudi Professional League 2023/2024 on: August 12, 2023, 09:17:33 PM
This man Ronaldo has been the team savior several times, at his age he should have retired or was weak but he wasn't, he is getting on fire and stronger at 38 years old. I am quite impressed today he has become the most important weapon for Al Nassr, as a player with a big salary he must always contribute in every match anyway.
Congratulations for Al Nassr has won a trophy, an impressive match today.
This is the first time I am seeing Ronaldo showing extraordinary class in Al Nassr. He was desperate to win a trophy and the match was explosive. Both teams showcased quality football but it was Al Nassr that deserved the winning. After the red cards against Alamri and Boushal, I thought the game was over for Al Nassr. But they kept on defending well and pushing the attack and got the victory they deserve. Ronaldo has finally proved that he is still the goat and deserves the money and respect he gets from  Al Nassr. I hope Al Nassr fans will change their negative perception of Ronaldo. The fans were always hailing Messi during games just to mock the Portuguese captain but his brace and performance in this game have definitely silenced his critics. A big congratulations to Al Nassr and King Ronaldo.
1220  Other / Beginners & Help / Re: [UNDERSTANDINGS THE CONCEPT OF POST WRITING IN BITCOINTALK] on: August 12, 2023, 08:36:36 PM
For more: "Awesome Guide on How to Write a Discussion Post | EssayPro Blog" https://essaypro.com/blog/awesome-guide-on-how-to-write-a-discussion-post
One of the instructions that the website OP got the information he used for his work is to read the instructions of the forum before writing. OP I suggest you spend more time on the forum to learn. Apart from reading the rules observation is also important. Take out time to observe how members write quality posts. You can study how they format and present their work.

You don't have to prepare for a week to create a post, you don't have to make sure there's no grammatical error in your post, you don't have to make sure your post is consist at least 1000 characters, you don't have to be certified Bitcoin enthusiast or blockchain analysis to post etc.

The key is, you only need to write and click post, that's all.

As long as you not commit plagiarism, no need to worry.
Writing a perfect post that is void of spelling or grammatical errors is commendable but what matters is to present a post that members can read and understand the information it intends to convey. I don't think anybody will be penalized for not writing in proper Queens English. But this shouldn't be an excuse to publish poorly written posts constantly.
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