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1901  Bitcoin / Bitcoin Discussion / Re: Alternative to bip39 : memorizing your seed with the PEG system on: October 28, 2021, 08:07:39 PM
Would it be possible to make an example of this being used to show how big the mnemonic for a seed would be (eg the standard 12 word (128bit) seed).
1902  Economy / Economics / Re: What happened? on: October 28, 2021, 04:12:53 PM
so it would make sense to get coins that don't follow bitcoin's lead, then. Am I right, or am I oversimplifying it?

I think it might be missing the point, because, almost all coins end up following bitcoins lead at some point in their life and you're probably not going to notice when that starts.

If you want to invest exclusively in crypto - buy bitcoin or buy it with another coin you like the concept of and think will do well (especially if it's big/open source, on exchanges etc).

If you want to protect your investment - look at stocks&shares too and other assets you find interesting that are more stable.
1903  Bitcoin / Bitcoin Discussion / Re: Need some help!! on: October 27, 2021, 06:50:14 PM
Have you got a wallet.dat file anywhere?

Blocks are just a way the blockchain indexes itself and the blocks you likely have in your folder are just blocks of data from the blockchain and not anything too useful (though they will help to speed up your initial syncvwithbthe blockchain).
1904  Other / Beginners & Help / Re: Strange Bitcoin address on: October 27, 2021, 06:23:01 PM
It might depend on what you mean by this.
In the specification the "1", "3" and "bc1" are separators meaning it is set clearly by clients that those should be looked out for.

It might, however, be possible for some clients to acknowledge an address beginning with something other than 1 if funds are sent to it - so they can't be spent but places like block explorers might Index them.

1905  Economy / Economics / Re: Would crypto gain full intrinsic value? on: October 26, 2021, 11:29:34 PM
With the high level of volatility and constant fluctuation in market capitalization on crypto currencies would there ever come a time we would trade crypto based on the value it has in it's self and not in exchange for fiat currency. Many countries has now adopted crypto as mode of payment but we are still faced with the issues of price irregularities. If we decide to adopt crypto fully as a global legal tender how do we deal with this price fluctuation.

This will be dealt with in the same ways other legal tenders are. There are derivatives of gold or gold itself is accepted as legal tender in some countries and these have to deal with balancing price fluctuations too. I think an important thing to remember though, bitcoin is not going to be an omnifunctional asset, it'll see competitors and I doubt countries will give up their original currency in favour of bitcoin (since the ones who print it are paid quite well to do so).
1906  Economy / Economics / Re: Bitcoins economic growth is enormous in India | Amazing Future ahead on: October 26, 2021, 04:08:01 PM
I've used coindcx before and it looked to be a liquidity provider across a few exchanges. Also, if binance really does want to enforce kyc and limit deposits on its users - it doesn't look like the worst exchange to turn to.

I think India will probably grow to a similar size of China economically and then might face problems in growing after that. I think it's possible Indian firms in crypto might just leave India too if forced to by regulation elsewhere.
1907  Bitcoin / Bitcoin Discussion / Re: Banks either adapt or face death on: October 25, 2021, 04:52:31 PM

Luckily, things are changing rapidly and mainstream adoption may come sooner than we think. Do you guys think, this will happen within this decade or not?

Something fast and international will probably be adopted within the next decade but perhaps not bitcoin. Banks normally like centralised solutions they can invest in to power themselves - unless regulated to accept something else - so they'll probably go down that route. Also something like cryptocurrency hitting mainstream really fast could cause a lot of problems such as a huge rise in scams.
1908  Bitcoin / Bitcoin Discussion / Re: HODL, HODL, HODL when can one actually sell Bitcoin? on: October 24, 2021, 10:49:19 PM
Holding is a great strategy when you're at a loss or you think the asset/bitcoin will go higher.

Typically it's also good for newbies to hodl a bit, and be wary of their first investment as it would give them experience of how the price behaves and where they should sell.

Finding a natural exit point is going to be difficult however not panic selling a crash might be a good idea (at least until the price stabalises).
1909  Bitcoin / Legal / Re: Canada CRA Tax capital gains on selling BTC advice on: October 24, 2021, 10:45:54 PM
Yeah in most places you're only paying taxes on the gains so if the gain was 50k, the tax would be based off that - om not familiar with the Canadian system though, a lot of European ones work out what you owe themselves (once you put the numbers in for gains).

There's a chance such a transaction looks suspicious to your bank but I'm not sure there's much they can do about it and if you're using a centralised exchange then you should be fairly safe.
1910  Other / Beginners & Help / Re: How bitcointalk.org earns money on: October 23, 2021, 12:56:19 AM
Can we extract from this that Theymos is close to satoshi since he took over charge from satoshi. He is previously in contact with satoshi for sure.

We can probably speculate that people actually interested in the technology and who seemed quite friendly got on quite well, indeed a lot of people here still do and can.

I'd say Theymos, satoshi and a few others probably got along quite well (or at least didn't hate each other) and it doesn't take long for people to feel comfortable around people and to know what they're about (the same is true for discomfort and hostility - which is harder for people to bother to ignore online).

We don't know for sure how things might have been handled at the start too. Satoshi handed the forum's domain over to two people and things were given to other teams too - like I don't think Theymos or cobra had too much power over the git repo and there are two main bitcoin sites you can use to download what claim to be the official bitcoin client - the main one being bitcoincore.org and I'm not sure who controls that.

It's also very hard to delete stuff online, perhaps satoshi thought they'd just start up a rival forum if Theymos went rogue and provide proof they are satoshi.
1911  Other / Beginners & Help / Re: How bitcointalk.org earns money on: October 21, 2021, 04:32:27 AM
The forum makes money mostly from advertising at the moment. You'll see on every thread, below the first post, there's a space give to an advertising spot or a special spot (that's normally a quote or a link) - you can click the advertise here link near the disclaimer at the bottom of the ads to find out more information on them.

The forum also makes some money out of charging evil fees for banned ip addresses (such as ones created over tor) and has donator ranks that can be paid for (as well as a copper membership rank too).

Theymos is the main administrator over the forum also now, Satoshi left the forum to them and cobra (afaik) - and cobra recently resigned their control of the forum to Theymos. We've had two admins while I've noticed them here, the first was badbear and the second was cyrus.
1912  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Best place to get Yield on Stable Coins and other questions? on: October 20, 2021, 01:22:36 AM
I'm not sure anywhere in the defi space will offer you fixed rates on your returns but I'm not too sure how they work - some might.

Sites like https://defipulse.com might provide more information on current interest rates but you should really check the tokens and their credibility before considering investing.

I think decentralised exchanges might be safer that some centralised ones andvice versa so that'll be something you should take on a case by case basis. If you want to forget about your investment though, a dex is probably safer (but both might be at risk of exit scamming if they're not audited).

Centralised exchanges also might be quick to leave users liable too for the exchanges loss - depending on the exchange.
1913  Economy / Economics / Re: Will circular economy work ? on: October 19, 2021, 09:52:52 PM
I can imagine the circular economy having steep on-ramps and that'll be a problem with it.

The companies that make the best comments normally go out of business because they can't compete on price and they collapse before their quality gets noticed (most of the time).

Style 1: you buy a phone from a circular economy place for $2000 and buy parts every time one becomes faulty as well as sorting the diagnostics for those parts. In the current economy this will always be really expensive unless you're planning on using your phone for say 2 decades in which case it might work.

Style 2 (and this happens a lot with custom made machinery already): you buy the item and pay a subscription/insurance on it to get it fixed. This would also be quite a costly approach for the consumer unless they're already used to paying a contract in the item (this is already done with cars in some cases).
1914  Economy / Trading Discussion / Re: What is the best set up for take profit level and precentage? on: October 19, 2021, 04:51:29 PM
I'm not entirely sure what you're trying to do with this? It doesn't look like a good way to trade to take profit if it's for alt coins (bitcoin, top altcoins and stocks might work that way) but I think it's more favourable to place your take profits at around 75% of the past resistence if the asset isn't the highest it's been.
1915  Economy / Speculation / Re: What exactly is a futures ETF? on: October 19, 2021, 04:48:10 PM
but whats the point of a futures ETF?

I think it stems from companies trying to hedge themselves to stay competitive even if market conditions change.

If you bought oil last year for $3/gallon as an electric company and now have to buy it for $6/gallon, instead you could've (as a lot of companies do) estimate how much energy you'll use and either open a futures contract directly with the producer to buy it at say $3.30 a gallon instead for a certain amount of years then you can still offer a good price to your consumers. Most pension firms are also in the market of life insurance too for the same reason.

Every other etf sort of stemmed from that, as well as shares normally needing to be held in the country they're bought (this is referred to as a bond normally though but can be called an etf) or you have to sign a contract with thst country and provide an application for holding the stocks.
1916  Other / Beginners & Help / Re: Cryptocurrencies and their standards and networks on: October 19, 2021, 02:09:42 PM
I think there are many ways to check this. The main one likely is coinmarketcap or other sites where you can search up cryptocurrency tokens and coins.

The most secure way, if you're using an exchange, is likely going to be to check what information the exchange has on it - they'll probably list the network at least and might give some additional information about the coin.
1917  Economy / Trading Discussion / Re: Do You Use Technical Analysis? on: October 19, 2021, 04:19:52 AM
The best strategy when it comes to trading is finding a mix of others that you can make your own and adapting it.

If you don't have the time or effort for that, your best stragety might be deciding simple buy and sell conditions based on what you think should work (for example, dollar cost averaging).

Volatility can help and hinder with trading too. You don't want to go too far down if you get a few losses in a row. Generally don't trade with more than 1-10% of your portfolio (once you feel experienced and have a profitible strategy) and don't also want to make yourself lose a lot in a day - you might want to take the day off if you lose a trade for example or distract yourself for a few hours.
1918  Economy / Economics / Re: Do you think crypto will be the future for payments in space ? on: October 16, 2021, 03:35:43 PM
Do you think crypto will be the future for payments in space ?

How will they pay people long distance ... from planet A to planet B ?

We'll need a slower blockchain for that though.

It could take anywhere from 3 to 23 minutes toget a signal there travelling at the speed of light (depending on orbit). So you'd need a block time og at least 30 minutes to ensure you don't keep orphaning the chain - a more realistic or worthwhile time would be around the 4 to 6 hour mark imo too. If you're going further than Mars, you'd need even longer. It might just be better to rely on a centralised system.
1919  Economy / Trading Discussion / Re: Bug? Tradingview showing a trading pair that isn't available on Binance. on: October 16, 2021, 12:02:45 AM
I just get an error when trying to open that link, you might want to sent a version with sharing enabled (according to the error I get - open in incognito to see if you can reproduce it) or tell us the pair identifier you put in the search.
1920  Other / Meta / Re: India Mining Board Receiving Massive Spam Attack on: October 15, 2021, 02:53:05 PM
I don't know how to defend the forum effectively from this type of attack, spammers seem to have found a weak point, and now they are massively exploiting it.

I think automoderation bots or patrol are meant to deal with these sorts of things. If it's done by low ranked members, it mightve been enough just to bring it up here so patrollers can pay more attention to it.
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