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1841  Other / Meta / Re: The DT system needs to change. on: August 10, 2022, 02:27:57 PM
resulting in the most popular of the choices: Net of 1, but with a minimum of 2 DT1 Inclusions.
About 27 users joined that poll, which is a low number to generalize the opinion of the community.
But, I would expect majority of the community to be in agreement with a net inclusion of 1 and minimum of 2 inclusions. This would help curb users getting placed into DT2 by increasing the entry barrier.
Maybe theymos organizes a more publicized poll to reach a decision.

Some honest users might be affected by such a cut, but if their judgement can be trusted by one DT1 users, then they can always be trusted by another overtime, as long as they are active in the trust system.

I don't know if even now that will seem too little.
Higher than the above suggestion may make it too steep for new users to get included.
1842  Bitcoin / Bitcoin Discussion / Re: Bitcoin cannot stop amazing me on: August 10, 2022, 02:04:23 PM
Baseless speculations by these powerful anti-Bitcoin forces have not been able to deter people from investing.
Cause they are baseless speculations.
You should not be listening to banks or financial cooperations about a decentralized technology, when they are promoters of a centralized system.

As I said, do your own research.
1843  Bitcoin / Bitcoin Discussion / Re: Bitcoin cannot stop amazing me on: August 10, 2022, 01:29:13 PM
How would people keep investing in a currency that recently lost almost 70% of its value against the naira that just lost 35% of its value?
The trick is to zoom out on the charts.
The naira as with many other fiat currencies have been getting devalued, due to inflation, while Bitcoin has been progressively appreciating in value, making it more of a hedge within a mid to long-term time range.
Of course, there would be intermittent price drops due to the speculative value, but the value always recovers. This is not the same with NGN and many other fiat currencies.

Why would people choose to invest in a currency that has been banned by the powerful central banks? Why would people still have confidence in a currency that has faced countless media wars by powerful nations, corporations and individuals depicting it as a bad investment?
The government and banks are against decentralization, so definitely they would be against Bitcoin.
Powerful nations, corporations and individuals can be wrong as well, or they are protecting their interests.
There are also countries, corporations and individuals who are enthusiastic about bitcoin.

You should however, not let others think for you, do you own research.

There have been speculations and projections that Bitcoin price would keep falling until it would soon become worthless, yet people still trust it.
Baseless speculations.
P.S, we don trust here, we verify.
1844  Other / Meta / Re: Appeal Mia_houston on: August 09, 2022, 03:03:22 PM
There should be an email address in the ban message you received on your main account.
If you have any proof as to why you are not related to the account linked to Mia_houston. Although, with the evidence provided, there's very little chance of the account getting unbanned.
1845  Bitcoin / Bitcoin Discussion / Re: What percentage of people in the USA do you think haven't paid taxes on trades? on: August 09, 2022, 02:01:59 PM
Quote
The sale or other exchange of virtual currencies, or the use of virtual currencies to pay for goods or services, or holding virtual currencies as an investment, generally has tax consequences that could result in tax liability.
Thanks for sharing, I was not aware of such distinctions in how taxes are calculated and what someone can be taxed.
I remember reading somewhere that in real estate you can reinvest (flip a property which has appreciated in value, for another) and you would not be taxed on it. Up until you sell the property for fiat; cashing out.
Not sure if that's still applicable and why crypto would be exempt.
1846  Bitcoin / Bitcoin Discussion / Re: The US government is targeting mixers. Are BTC mixers next? on: August 09, 2022, 10:44:45 AM
Developers need to create the kind of privacy feature that can't be abused/misused by criminals including those in government.
There is no single utopian system in the world which has not been exploited by bad actors. Banks which are constructs of the government have been involved in numerous illegal activities, some which it has mediated or actually carried out itself.

That's an impossible ask from developers. And the reality is the government does not really care about bad actors or the minority which uses it for illegal activities, the focus is on untraceable movement of assets to acquire more taxes and revenue.
1847  Bitcoin / Bitcoin Discussion / Re: What percentage of people in the USA do you think haven't paid taxes on trades? on: August 09, 2022, 10:40:21 AM
Then when I heard you have to pay taxes on cap gains I thought it was just for cashing out. I
AFAIK, it's just for cashing out or for when you make a purchase which can be taxable.
The tax rules vary from country to country, but in majority you shouldn't be taxed for converting BTC to ETH or vice versa, but on capital gains at the time you "cash out" relative to when you purchased the said asset.

It's of course a bummer that many are not properly educated on how taxes work, so what was originally designed to take from the rich, is now mostly affecting the poor and middle class who are not very informed about it.
About the percentage in the U.S who haven't paid taxes on traded (capital gain), that is impossible to speculate in my opinion.
1848  Other / Meta / Re: For mods - be a little more careful when handling reports on: August 08, 2022, 07:36:47 PM
<snip>
That should be the thread I remember if from, thanks for sharing it again.

I was coming from an angle where the comments of one of the multiple reports was not applicable it that case and could give a false good report to the user.
This is of cause a non issue as a couple sodt good reports don't really matter and mods can possibly handle them separately. I was just curious.
1849  Other / Meta / Re: For mods - be a little more careful when handling reports on: August 08, 2022, 07:19:00 PM
Mistake I saw happening the most often (at least to me) is that every once in a while report gets marked as good, while no action is taken. Since all this is done manually, no surprise that every once in a while mods forget to delete the post.
A mod would have to explain why that happens, could be a simple oversight as you pointed out.

I'll also like to know what happens when multiple reports on a single post are marked as good, while they have different comments, e.g, one is saying the post is spam to be deleted, and another is saying it's fit in another board.
IIRC, when a report is handled, all reports on that thread gets marked as good.
1850  Bitcoin / Bitcoin Discussion / Re: Have anyone saw bitcoin? on: August 08, 2022, 07:12:03 PM
<snip>
You are grossly ignorant of how digital technology works, if you base it's authenticity on "seeing" it.
And your refusal to learn or do any bit of research shows you are a troll and not an informed one at that.
Enjoy your folly
1851  Bitcoin / Bitcoin Discussion / Re: Have anyone saw bitcoin? on: August 08, 2022, 05:46:14 PM
Can you please answer the question, instead of repeating some random answers? I see people claiming to buy or own BTC. But all they can show me is number send to them, and "BTC" in their wallet apps. I can come up with a communication system that would have "Porsche" written next to the number I would send to people who would register to that system. But that doesn't mean they would own Porsches. So, why do you think that you own BTC, when you receive some number via Nakamoto's communication system and see "BTC" next to it?
You example is highly flawed, porches are an existing product, you cannot create a system to duplicate that. Bitcoin is not trying to imitate any existing asset or technology.

Are you aware of how a digital commodity works? There are digital gift cards which have a certain value, there are assets which are represented physically which have a value as well, Bitcoin is one of such assets.
It exists on the blockchain technology. If you believe a thing has to be physical to be real, then you're about 30 years behind.

If you can come up with a digital system which is immutable, transparent, fungible, decentralized etc, that would equally be valuable.
1852  Alternate cryptocurrencies / Altcoin Discussion / Re: Need some help: is this a Tether adddress or not? on: August 08, 2022, 04:38:07 PM
And can you show me all transactions that were made to this address?
You can always check an address using a block explorer like blockchair.com
This would show all transactions the address has been involved in, but cannot de anonymize the wallet to show the owner.
That can only be assumed based on the frequency of transactions as to whether it's an exchange wallet or an individual address.

As LoyceV said, it's a completely empty wallet which has not been involved in any transactions.
1853  Bitcoin / Bitcoin Discussion / Re: Could bitcoin mining solve climate change? on: August 08, 2022, 03:06:33 PM
I believe that’s what Tesla’s agenda is! To make the environment more happier by reducing pollution with the help of electric vehicles. At least that’s what it looks like with their behaviour.

Because they were so clear when they became unhappy with the bitcoin mining and its greenhouse effects due to higher electrical energy usage. That’s why they switched to DOGE, remember?
Tesla as with majority of media companies found it profiting to push the agenda that Bitcoin damages the environment and consumes more electricity that Wakanda or some other bs.
This is not a reflection of the reality at all.

I think bitcoin mining is not pushing anything towards greener power house and stuff. Its all about making money through big mining farms.

Yes there are subsidies and few great examples are trying to improve the mining operations but as whole I believe that % is too less.
Reports from the last couple of years actually show that Bitcoin mining is majorly consuming green energy. Here's a report you can read through to get more information - https://coinshares.com/research/bitcoin-mining-network-december-2019

The report does not talk about great examples, but the vast majority being environmentally friendly.
1854  Other / Meta / Re: For mods - be a little more careful when handling reports on: August 08, 2022, 12:44:34 PM
I'm not aware of how reports are handled, but there could be a possibility that a mod makes a mistake while trying to take action on a report, marking it as bad rather than good. Such an oversight could be the reason for the obvious wrong calls.

I can see from the screenshots that the two incidents span about a week; 2 wrong calls in 7 days isn't really a bad figure and while mods should be extra careful, errors happen.
1855  Other / Beginners & Help / Re: Can a name be edited after joining this forum? on: August 08, 2022, 11:04:30 AM
I was thinking since the early donators did theirs when BTC was worthless the administrators should rather reduce the VIP donation to an amount of BTC an average forum user can afford.
The forum is no longer accepting donations of any kind anymore.
According the the admin, the forum can operate conveniently with the revenue generated and doesn't need more money.

The only way now to change one's display name is by making a formal request to the admin. Fom the accepted requests, it needs to be for a salient reason before it gets considered, so you can't just ask for a name change, cause you like a new name.
1856  Bitcoin / Bitcoin Discussion / Re: The British Museum has some Bitcoin items on display on: August 08, 2022, 05:23:15 AM
<snip>
I wouldn't want to derail this thread further, but I'll reply to this.
You should note that both situations here are 'cultural disasters'. Colonial nations stealing the cultural artifacts of the locals in that area and a terrorist group destroying them are both same, except in the former, they do it for their own profit and even the locals would have to pay to see their own cultural heritage.

My line of thinking is that no one should pillage a country of their arts, neither should anyone destroy it. And there should not be any justification for either.
1857  Other / Meta / Re: Lending Discussion ? on: August 06, 2022, 06:49:02 PM
The reputation board seems like an appropriate one to discuss happenings of lending (and Its child board).
Thinking of what discussions could come off from a lending topic, I assume they should be user focused; fitting in reputation, or scam related, which can be posted in the scam accusation board.
1858  Other / Meta / Re: How to post from drafts ? on: August 05, 2022, 04:41:29 PM
You should also note that your drafts are limited and not saved Infinitely.
It contains your last 100 saved texts (drafts are saved when you preview or post) and is only saved for 7 days. So drafts saved over a week ago would not be available anymore. They can however be stored indefinitely on the forum database

Do not use drafts as a permanent storage for text content.
1859  Bitcoin / Bitcoin Discussion / Re: The British Museum has some Bitcoin items on display on: August 05, 2022, 10:25:05 AM
Would be a great destination for a Bitcoin enthusiast around the area. Hopefully, they have guides who can properly explain to the public how it works and that bitcoins are not usually represented in its physical form.

You are not far from the truth, although they do not treat it as theft in the literal sense, but as saving valuable artifacts from decay in countries that at that time did not consider themselves capable of protecting their national treasures. However, some things should be returned to where they belong. because a lot has changed in a positive sense in those countries.
Anyone can come up with an excuse to justify their actions, doesn't mean it is applicable.
No one was appointed custodians of art to preserve art you didn't create. Anyone who is capable of making it, should get to keep it, whether or not one thinks they can preserve it.
In my opinion, it wasn't right to take them at all, and the fact that they've not been returned shows that the intentions were not as selfless as it is being painted from the go.
1860  Other / Beginners & Help / Re: Self-custody isn’t for everyone: WisdomTree exec on ‘be your own bank’ on: August 05, 2022, 10:02:32 AM
I am surprised that someone will say self-custody wallets are not for everyone, it is like saying having freedom over your own money is not for everyone.
The last two paragraphs of the article talks about the company the interviewee represents, launching a custodian service in the coming months; that is enough reason to bring up an argument as to how self custody is not always the best and one can store their coins more conveniently with a renowed and reputable brand.

And, there is some truth to this, as much as we are enthusiastic about Bitcoin, it's not everyone's thing, neither is the responsibility that comes with being your own bank. Many people would rather someone else handled that task of keeping their fins safe. So, custodian services have to give a sense of trust and safety to attract users.
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