Bitcoin Forum
July 02, 2024, 01:22:26 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 [64] 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 »
1261  Economy / Gambling discussion / Re: Germany League - Bundesliga Prediction Thread on: May 21, 2023, 08:12:57 PM
...but a title is a big party in Dortmund next week at home. That can't go wrong, can it?
Football is a game of crazy euphoria and cruel drama. On paper, it is an easy win for Dortmund against a relatively easy side which have lost 4 straight matches going into the final game of the season.

We do not expect any drama, but we would not be surprised if there is a twist in the title race.

- Jay -
1262  Economy / Gambling discussion / Re: Germany League - Bundesliga Prediction Thread on: May 21, 2023, 08:05:22 PM
Mainz and Köln both have nothing to play for going into the final game of the season, for Bayern and Dortmund on the other hand, it is a must win situation for both clubs. Bayern have a superior goal difference so if they win and Dortmund fail to pick all three points and the Bavarians win they would clinch their 11th Bundesliga title. But if Dortmund win, they are going ti be crowned champions for the first time since when Klopp was in charge.

Thomas Tuchel and the Bayern board would be under immense pressure, the season is already sub par for their lofty standards. Dropping out of the DFB-Pokal and the champions league is a disaster. Not winning the league which has become routine at this point just makes that worse.

Looking forward to a change in administration, for a change in management would be all too sudden.

- Jay -
1263  Other / Beginners & Help / Re: Are you still buying? on: May 21, 2023, 07:47:30 PM
This market is not favourable since 2021 till now
Prior to 2021, the previous all time high was just shy of $20,000. Between then and now bitcoin has reached new ATHs, peaking at $68,000. This is a favorable market.

bitcoin price has drastically reduced the number of buyers overtime, even most of you that have it before aren't buying more bitcoin recently because of the waving price dilemma.
I would rather buy at under $30,000 than to buy at $70,000. True bitcoiners are still buying and double down when the price goes down.

Think of it this way, if you sleep by 8pm and wake up by 5am to discover that bitcoin rise up to $50k, will is you said is scam?
A 100% increase overnight is shocking and not likely to happen, but that does not make bitcoin a scam.

- Jay -
1264  Other / Meta / Re: Bitcointalk Official Twitter Handle will get Disabled due to Zero Activities! on: May 20, 2023, 07:17:51 AM
simply logging in without posting anything will not prevent it from being deleted.
It will. Being logged in counts as an active account and you do not even need to do that too frequently, logging on every 3-6 months is enough to prevent the account from being deleted.

I logged into the account about a week ago to keep it active. If I have to keep doing this all the time, then I'll probably just let it expire, since it hasn't been used in a long time anyway.
Are there any plans for the twitter account or do you consider giving it to someone else to manage at any time in the future? There are users with enough time to spare and experience to manage the twitter account and that would make one less thing for the admin to think about.

- Jay -
1265  Bitcoin / Development & Technical Discussion / Re: How does coin base transaction works? on: May 20, 2023, 06:21:08 AM
The newly generated coins aren't created out of the thin air. Miners work for them.
I am aware miners work for them, the out of thin air reference refers to the fact that the coins are not outputs from any previous transaction. So if you are tracing the flow of a particular input, you can only go as far back as the coinbase transaction.

- Jay -
1266  Bitcoin / Development & Technical Discussion / Re: How does coin base transaction works? on: May 18, 2023, 09:57:55 PM
Why did they employ coin-based transactions when they could have used the more common ones that everyone is familiar with?
Regular transactions have inputs and outputs, but coinbase transaction does not have any inputs and are basically created out of thin air. They serve as the bitcoin generation method to get new coins into circulation.

How can we use it during bitcoin transactions if it is stronger than a standard transaction?
What do you mean stronger? Coinbase transactions are recorded in the block along with other transactions with the same level of difficulty. The bitcoins involved are higher valued cause they are newly minted and have never been involved in any other transaction prior to that.

- Jay -
1267  Other / Meta / Re: [get yours] Images from imgur on: May 18, 2023, 09:25:38 PM
This has to be the forum with some of the most industrious members of any offline forum. Problems arise and there are always hands on deck to try and solve it with no incentive to do so besides helping out other users.

Great work LoyceV, I may have just one or two posted images but this would be useful to many forum users.

- Jay -
1268  Other / Beginners & Help / Re: In the market, following in the footsteps of Whales on: May 18, 2023, 09:13:11 PM
Buy bitcoin and hodl > copying the investment strategy of whales.

The trick to investing is not to over complicate the process, Elon Musk is a Billionaire and can take different levels of risks, regular investors do not have that liberty. Keep it simple.

- Jay -
1269  Economy / Gambling discussion / Re: UEFA Champions League 2022/23 Season on: May 17, 2023, 09:09:16 PM
Through the knock out stage of this competition, Manchester City has drawn all three away fixtures; against RB Leipzig, Bayern Munich and Real Madrid, but in the home fixtures of those ties they have scored 7, 3 and 3 unreplied goals truly making the Etihad stadium a fortress in this competition.

Here comes the final against Inter, no home advantage and no return leg, it would be 90 minutes which can turn to 180 minutes of football and maybe a penalty shootout. The atmosphere would surely be tense and it would be interesting if Manchester City come in with this exact same mentality into the final.

However, the final is in June 10, some weeks away from today, the focus is on the brilliance of the Cityzens to see of the current champions in an emphatic manner. A 10/10 performance from Pep's team.

- Jay -
1270  Other / Beginners & Help / Re: does it worth to start mining now ? on: May 17, 2023, 04:16:03 PM
This should be in the Beginners & Help section which is more focused on basic inquiries, more technical mining questions can go in here.

The merits of mining is relative to your location and the cost of electricity where you are. If you can get cheap and stable electricity and easily purchase mining equipment, then it is worth it if you have the capital to start up.

Do check up the hashrate requirement to run a competitive mining rig and compare that with the cost of buying bitcoin directly to know which is more profitable now, you can combine both means of earning passively.

- Jay -
1271  Bitcoin / Bitcoin Discussion / Re: I look foward to the day Bitcoin will have backer/tender on: May 17, 2023, 10:24:32 AM
This idea would complicate bitcoin, which is already considered to be over complicated by people looking into it from the outside. Plus it needs a third party backing it up, a peer to peer system does not need a middle man between transactions.

If the internet shuts down temporarily, there are some alternative ways being experimented to send bitcoin which are not common place yet, so we would have to wait out the downtime, if it goes down permanently, there would be a lot more issues to worry about than bitcoin. But your bitcoins would be safe for when the network finds an alternative way to transact.

- Jay -
1272  Bitcoin / Bitcoin Discussion / Re: Some people started their BTC journey when things were more hopeless on: May 17, 2023, 10:10:34 AM
There will always be doubters, there will always be late adopters and there will always be those who who would never come around for the bitcoin train. The weak hands in bitcoin is not as much as it was in 2016 or before with many of them moving over to altcoins hoping they give more ROI than bitcoin would.

it is safer to be in Bitcoin now than to be out of Bitcoin,
Bigger investors does not make the network safer or more secure, it is the decentralization of nodes and the level of difficulty that does.

- Jay -
1273  Economy / Gambling / Re: Is this considered a safe practice on: May 16, 2023, 11:42:24 AM
I will rather use a crypto casino which does not undermine my privacy and still offers certain bonuses on deposits.

Trusting your credit card puts you at risk of losing your details if their logs are hacked, the deposits can also be set automatically and fuel addiction. If you are not playing on a crypto casino, fund your gambling account directly without revealing your private financial information.

- Jay -
1274  Economy / Gambling / Re: Gambling is a choice. on: May 16, 2023, 11:36:13 AM
This are two contrasting situations. Your post is talking about a scamming scheme where people are lured into betting on a rigged game, they could do this by having one of the scammers pretend to be a player and win on their bets, just enough to make it believable, anyone who falls victim tries their luck and wins a little amount, not a serious loss for the scammers, but just enough to keep them playing, if they keep playing they start taking their money gradually till the person tires out or runs out of cash.

Online gambling on reputable websites is different from this. The house always wants to win but has to be provably fair, to not scam players. There exist some scam gambling websites, so players should always verify before depositing into any platform.

- Jay -
1275  Bitcoin / Mining support / Re: DIY crypto mining on: May 16, 2023, 11:19:29 AM
Miners in this context are processing units or circuits whose primary purpose is to process data, they are then programmed to compete to confirm bitcoin blocks. Mining gear are not special equipment designed specifically for bitcoin mining. In the early days mobile phones and PCs could function to mine bitcoins, but as demand grew the need for higher computational energy also grew, leading to the adoption of GPUs and then ASICs.

If you can design a processing chip with enough hashrate to be competitive today then sure, but this is not a DIY hack you can do from your garage, but requires investments and expertise.
If you can get ASIC chips along with some other parts, you can experiment with coupling it yourself and test running the equipment.

- Jay -
1276  Economy / Gambling discussion / Re: Premier League Prediction Thread 2022/2023 on: May 15, 2023, 07:39:56 PM
Liverpool have taken the lead through a beautiful team goal, assisted by Mohammed Salah and scored by Curtis Jones. The game so far has been very intense with both sides playing at a very high tempo.

Edit; Curtis Jones makes it two through another beautiful team goal. Both goals were checked by VAR and confirmed to be onside during the build up.

As it stands now, Liverpool would move within a point of a top-four finish putting pressure on Newcastle and Manchester United and Leicester would remain in the drop zone along with the most inferior goal difference. It would be very difficult for the Foxes to remain in top flight football next season.

- Jay -
1277  Other / Beginners & Help / Re: One beauty of heirachy in Bitcoin forum. on: May 15, 2023, 07:33:45 PM
I just love it when I see legendary or hero members or senior members or other high ranking members make great insightful comments that helps really.
I would include a shout-out to the newbies, Jr. Members and Full Members who also contribute in their own way to the forum. All ranks do their bit in keeping the forum educative and contributing to keep the forum trust system working and helping to report spam.

- Jay -
1278  Economy / Exchanges / Re: Binance User on: May 15, 2023, 07:17:50 PM
i way to also exercise censorship on user's account by placing regular upgrades which each user must meet up to, by so doing, anyone not yet upgraded will loose having access to their assets in some certain conditions, centralized exchanges is not the best at all, we need our privacy and control over our assetsby going completely decentralized.
You are right that centralized exchanges are not the best option for trading, but change of addresses is not done to exercise censorship or to make one lose access to their assets, it is a security measure and also a privacy one used by exchanges regularly.

Besides the announcement to double check deposit address, it is a good habit to always check the deposit address from the website and not have it saved somewhere on your device from where you copy it.
Do go completely decentralized.

- Jay -
1279  Bitcoin / Development & Technical Discussion / Re: A question about miners choosing fork. on: May 15, 2023, 06:53:02 PM
In most blockchain systems, including Bitcoin, the difficulty adjustment algorithm takes into account the average time it took to mine a certain number of blocks in the past.
Bitcoin difficulty adjustment does not take a random period of time in the past, it only accounts for the last 2,016 of confirmed blocks and uses the time taken to mine a block averagely to adjust the difficulty.

Considering that both chains are supposed to exist at the same time, and having forked apart from a common block, how would the longer chain have a lower difficulty level if both chains adhered the difficulty retargeting protocol?
As mentioned it depends on if the chains last into the next retargetting, which will result in different amounts of work in the different chains.

- Jay -
1280  Economy / Gambling discussion / Re: Premier League Prediction Thread 2022/2023 on: May 14, 2023, 07:00:08 PM
While there is so much focus on what's going on at the top of the table, there is a lot of drama happening in the other critical points of the league. The battle for top 4 is heating up and looks like it will go down to the final two matches, I predict Newcastle and Manchester united to fill the slots but the season has been full of surprises already.
Brighton are also looking to stake their claim on a European competition spot, Europa league is possible but the conference league is more likely.

At the bottom of the table the battle for survival Everton took a huge blow today both on points and goal margin which might be the decider as the games ticks down.

At the summit of the league it is all but certain Manchester City would win the league for the third time in a row.

- Jay -
Pages: « 1 ... 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 [64] 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!