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June 14, 2024, 07:20:49 PM *
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1701  Bitcoin / Bitcoin Discussion / Re: Bahrain allows regulated crypto payment gateway. on: September 22, 2022, 07:06:13 PM
With such positive developments, i hope crypto winter will be over soon and Bitcoin will rise again to moon.
Ideally, you should include a link to news you post. Also, this single update is not going to turn the market around or take Bitcoin to the moon.
1702  Economy / Economics / Re: ‘Polluters must pay’: UN chief calls for windfall tax on fossil fuel companies on: September 22, 2022, 06:45:51 PM
I would be waiting to see if any action is actually taken as regards rising carbon emissions. The U.N has become largely reactive in recent years, not taking action to prevent situations, condemning them after it happens and still not taken concrete actions.
I would expect less from U.N considering any action would put them against China. In a separate situation China is ready with countermeasures should U.N make any anti-China motion agants their alleged crimes against humanity

Also I'm interested to know how public opinion views these topics. I have a feeling public sentiment on climate change and alternative energy have shifted a little over the last 2 years. Things are changing. Hopefully for the better.
Climate change is a global issue that needs to be addressed and fast. With continued advancement in technology, the waste disposal also increases, reducing quality of life on the planet.
1703  Other / Beginners & Help / Re: bitcoin miner event on: September 22, 2022, 11:58:06 AM
You do not need to attend events or join some telegram group as you asked for in a previous thread. There are already lots of information on the topic of mining, here on the forum and on other sources. Check out this reply to one of your previous threads;
Here check this
- https://github.com/yjjnls/awesome-blockchain

About mining, this section is the best place but if you are looking for other sources check this one below.

- https://cryptomining-blog.com/

And actually, you don't need to learn to mine because most ASIC units are plug and play they also have a manual on how to set up them which is basic.

You could get yourself scammed or get wrong information from some malicious users if you keep searching for information which is already available.
1704  Other / Meta / Re: Posting an image on bitcointalk on: September 22, 2022, 11:41:36 AM
Code:
 [url][img link here [/img][/url] 
You left out a bracket close for the opening img tag. Most likely an oversight, but it would mess up the code and it would not display the image.

Code:
 [url][img] link here [/img][/url] 
1705  Bitcoin / Bitcoin Discussion / Re: Price prediction based on Fed's decision T/F Price analysis? Possible? on: September 22, 2022, 10:02:57 AM
Raised interest rates makes the option of borrowing less attractive as well as discouraging spending and investing. Bitcoin as an investment would be affected by this no doubt, how much of an effect it would have now, or in a week or a month, or a year, cannot be predicted however.

Is the price analysis possible to an extent?
Every analysis is probable to an extent. There however are no guarantees and it cannot be relied on as a metric to speculate price actions.
1706  Other / Beginners & Help / Re: what will happen after 21 million bitcoins are mined? (in layman's terms) on: September 22, 2022, 09:52:34 AM
Tx fees don`t necessarily need to go up if the total number of tx goes significantly up i.e. mass adoption.
There is a limit to how much tx data can be included in a single block, so mass adoption without a change in block size, would not make much of a difference.

Much of the question about how Bitcoin would respond to end of block rewards would only be answerable in the coming years; any thing else is just speculation.
1707  Other / Meta / Re: Archival section moderation policy on: September 21, 2022, 09:21:09 PM
is it self-moderated (dunno if I seen any in Archival though so not sure if they keep their self-mod status when moved there)
They don't.
It's not possible to create a self moderated thread in the archival section. So posts which were created that way originally, would naturally lose that status when moved over there.
1708  Other / Meta / Re: Account help on: September 20, 2022, 08:34:49 PM
Can someone of you tell me why the search feature via email to find members in this forum is disabled?
Privacy is to topmost reason I can think up.
Emails are designed to be private, except the user choses to reveal them, so by that, other users should not be able to search up forum members using email addresses. This could lead to users randomly running through public emails, to know if it has a match on the forum.
1709  Bitcoin / Bitcoin Discussion / Re: Invitation to teach Bitcoin in a school on: September 20, 2022, 08:20:35 PM
Great initiative Frankolala.

Just one small input, there is no specifics as to how many people "created" Bitcoin. Satoshi could be one person or a group, but with no accuracy, we cannot say Bitcoin was created by a group.
There were people who assisted somewhat, but they cannot be accredited to have created Bitcoin.
1710  Bitcoin / Bitcoin Discussion / Re: Will digital dollar be a threat to bitcoin? on: September 20, 2022, 07:49:53 PM
You are asking two questions, one in the title and one in the thread. Addressing the latter first;

Do you think with the level of civilization in the united states, that the digital dollar will be successful?
Yes, it's a possibility. Digital exposure is quite high in the U.S, and having an extra layer on that using the block chain could definitely be successful. It could create a cheaper and faster way to transact using the USD, than what is available today, while giving the government more control of transactions.

Quote
Will digital dollar be a threat to bitcoin?
Is the regular dollar a threat to Bitcoin? It isn't, so a digital version, or more specifically a blockchain version would not be any different.
People use Bitcoin for a couple of reasons;
• As a global currency,
• For privacy,
• For freedom,
• As an asset and/or hedge fund,
• As a speculative asset, etc.
A CBDC would not fill this and attract those users to hold them instead.
1711  Economy / Economics / Re: California sues Amazon, alleging its policies cause higher prices everywhere on: September 20, 2022, 07:30:20 PM
Judging from the fact that Amazon has earlier this year paid $2.25 million to the Washington state attorney general's office after a lawsuit on alledged price manipulation on their site and also discontinuing their "sold by Amazon" program, which was a way where sellers let the platform determine the best price for their products, it's no surprise they are getting another lawsuit now.

Big companies with monopoly like Amazon, Google etc are prone to unsavoury practices to boost profits and also fizzle put competitors.
I've not gone through this entire law suit to know the merits of the case which the state of California is bringing up yet, but with their antecedents, Amazon is likely culpable.
1712  Economy / Economics / Re: Going to war means let's ulter the economic progression on: September 20, 2022, 07:13:41 PM
It is effect more on the world as it increase inflation and reduce the living of the people of the world if the countries have major contribution for the world economy.
You are spot on here, such effects would only be noticable if that country has a global export which other countries depend on. There are lots of wars which go unoticed by the general public, cause it doesn't have any rebound effects on the rest of the world.

Russia and Ukraine are two heavy exporting nations, contributing to economies on different economies, reasons why the war is so pronounced.

The degradation of environment is also there if war happen and this is major effect on agricultural produce leading into the food shortage and insecurities around that.

There are many negative effect of war but no profit and  rebalancing fiscal priorities could prove quite challenging even in advanced economies.
Environmental degradation is also a major effect. Up there is also the displacement of citizens who now become refugges in other regions, depending on their economy.

The only benefit of war is selfish interest. A nation seeking to expand its empire or build one, would go about conquering viable nations to further their course.
1713  Other / Beginners & Help / Re: what will happen after 21 million bitcoins are mined? (in layman's terms) on: September 20, 2022, 11:15:33 AM
Before thinking of the price that would be required, think of the first part mentioned, transactions cost would have to be ~$125k, if we take the last full block, 754925 has 1,492 transactions, so that would be around 83$ per tx, who do you think is going to pay that amount?
It's just a hypothesis and would not be fully put to the test until a while in the future. The perspective of LN taking many of the transactions off chain and only needing to open or close channels on chain, increasing the fees of such individual transactions. The downside is such a situation would practically force everyone to go for off chain means of transacting as, no one would spend ridiculous amount on a single transaction.
1714  Bitcoin / Bitcoin Discussion / Re: Satoshi’s Place, U.K. Bury, Greater Manchester on: September 19, 2022, 05:32:31 PM
Awesome idea and execution. The fact that your business is heavily focused on lightening network is also a good initiative, which would show other merchants how they can successfully accept Bitcoin, without worrying too much about huge fees and transaction confirmation time.

Which question; does accepting arts on ETH and XCP network contradict the idea of an"Satoshi place"? And do you see any other altckin based initiative coming up in the future?
1715  Economy / Economics / Re: What is regulations turning into on: September 19, 2022, 08:25:03 AM
I was thinking about this thread while reading this one, and it's obvious that coinbasw has shown to be very aversed to privacy of freedom over the years, from strict KYC policy, to selling users data and everything in between.

Moves like this one and creating a "perceived" non custodian wallet seems just like another way to whitewash their public image and attract more users to their platform. Coinbase are not pro Bitcoin or privacy.
1716  Other / Beginners & Help / Re: what will happen after 21 million bitcoins are mined? (in layman's terms) on: September 19, 2022, 05:07:13 AM
In this scenario then fees per block could total 1-2 BTC, rather than 0.1-0.2 BTC (example numbers), meaning a price of $80k rather than $800k in your example.
That's just a little less than the last ATH, so it's definitely a feasible amount per Bitcoin. There would also still be a percentage coming from block rewards, at least for the next 30-90 years. And the significance of that could get much higher with increasing value. Maybe even to the last coinbase reward being claimed.

I've always had the perspective that the rewards to mining requirements ratio, is a system that can regulate itself, especially as there are so many years between now and the finite supply and many gradual decrements between now and then.
1717  Economy / Economics / Re: Development of bitcoin in Nigeria and it's economic effect on: September 19, 2022, 04:59:03 AM
Great write up and a great read. After reading the title, I was half expecting some bogus link between Bitcoin and the economy and how it can prevent a recession or some like that.

Quote
WHY IS BITCOIN LOOKED AT ONLY BY THE YOUTH?
Some reasons could be;
• They form the bulk of the population,
• They are younger and not so rooted into the traditional ways of doing things, hence they are more likely to adopt changes,
• They are more digitally aware.

Quote
BENEFITS OF BITCOIN TO NIGERIA ECONOMY ARE
Those benefits mentioned, such as freedom to transact internationally, cheaper and faster, as well as potential for Bitcoin to rise, are more of personal benefits to users and not to the economy.
It could of course grow local businesses which supplies internationally and bring in more revenue, but that would be until they convert to fiat. Same with potential ROI
1718  Alternate cryptocurrencies / Altcoin Discussion / Re: Don't keep connected your wallet to a Dapps for a long time. on: September 18, 2022, 07:39:08 PM
I've recently read news about how third party sites and Dapps pose a security threat to wallet owners.

Ideally we should never give 3rd party platforms access to our financial or personal details (KYC). But if you must, it should be for a short period of time, and only limited to certain platforms.
1719  Other / Beginners & Help / Re: what will happen after 21 million bitcoins are mined? (in layman's terms) on: September 18, 2022, 07:33:44 PM
Average fees earned per block is somewhere in the region of 0.1 - 0.2 BTC at the moment. By the 9th halving, the block subsidy will be 0.09765625 BTC, which will mean it will be less than the average fees. This will happen around 2044, so only 20 years away. Another few halvings after that and the block subsidy will be ~10% of the total fees.
This opens up a new perspective in the discussion, which I had not thought of before now.
At the current block reward of 6.25BTC, miners averagely earn $122k - $125. Using the current average rate of one Bitcoin. If you include the tx fee, that's an extra ~$3k.

For the reward of mining to remain commensurate with the current value (in USD), i.e, 0.15BTC giving miners about the same amount they are earning now, which is ~$125k, then the value of 1 Bitcoin needs to rise to above $800k. That's a huge leap from the current price levels.
Would we likely be seeing $1 million to 1BTC within the next 25-30 years?

OP, you just registered your account, don't you think tou need to engage some forum search in other to take survey on aspects like this related to your question maybe it had been talked about? If i were you, i will engage doing much of learning and research than talking just to build myself,
Firstly, not everyone is savvy in using the forum search option, or is aware of it.
Asking questions is also a form of learning and research, if the said user follows up on answers and discussions bordered around their questions.
1720  Other / Beginners & Help / Re: Manipulation looks like on: September 18, 2022, 07:15:52 PM
There is no singular form of manipulation, it could happen in various ways;
• Pump and dump: here a whale buys up a large amount of a small cap asset and moves the price up, attracting investors. When more people start to buy at that price, they dump,
• News and media can also be used to manipulate trader sentiment. Social media influencers are now becoming more popular to shill projects,
• Governments can also manipulate the market with policies they adopt.

Bitcoin as the most popular and adopted  cryptocurrency is somewhat inoculated from the effects of manipulation. It's mostly unrewarding and expensive to attempt.
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