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X (Twitter ) Ensures that the SEC account has been compromised and that two-factor authentication is not enabled on the account.  Is it legal, that twitter announced an account has no 2FA? I am certainly not so sure about that, but i think everyone is trying to get their hands clean from the incident. No one wants to be a suspect  . |
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Bitcoin is a decentralized currency It is very difficult to say whether such coins like Bitcoin will be discovery in the future. But in my opinion such coins will not be another discovery.
What is yours opinions?
Well, I don't see the possibility of having any coin that would show similar properties as Bitcoin in the future. Bitcoin happens to be a major part of evolution of money that has changed the financial industry with strong protocols in place. Morever, the entire story behind Bitcoin that has made it a success till this day is kind of complicated, which makes the possibility of having a coin that could hold such dominance nearly impossible. I think most of us are happy with the Bitcoin and we aren't expecting to see any competitor because they won't be any. If there should be any other financial impact that would be coming in the future, then it might likely not be in the form of crypto currency. Bitcoin dominance is nothing to compete with. |
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Well, there might not be a direct approach of Bitcoin advertisment, but we often come across the indirect advertisement occasionally. When I say indirect, it's a form of advertisment that isn't focused or channel to a single person. it's probably an advertisement that raise the curiosity of passerby to know what the BTC logo represents. It might be online or in our physical surroundings. Though, I have also come to noticed that most people feel that Bitcoin don't need advertisment, but they neglect the fact that adoption won't get to rural areas where illiteracy is common, or is Bitcoin not meant for the uneducated?.
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The crypto space happens to be a very busy place with lots of information surrounding it. Digital form of money like Bitcoin happens to be the most popular among other coins. Interestingly, we've had series of video clips, written books, online materials and people's opinion that all explains every piece of information surrounding Bitcoin. Most of this information are generated from different source, but are meant to interpret same thing, i.e, every information about Bitcoin should be consistent regardless of whosoever is writing/documenting it.
When a none Bitcoin ethusiast is eager to learn about Bitcoin, it's is important for he/she to make proper research as a newbie. By making research, he/she would definitely come across online materials, videos and also people's opinion. At that early stage, it's very difficult to identify false information about Bitcoin due to unfamiliarity with certain terminologies. Sadly, this misinformation can stick and become part of the person. Misinformation can sometimes be difficult to erase especially when we've become top members in the Bitcoin community.
We sometimes come across altercation or counterattacks in the comment section of a particular post. we often see how crypto ethusiast tends to object to other people's ideology concerning Bitcoin. Certainly, one person is usually wrong during this every altercation. The tendency to keep arguing even when one party is wrong is as a result of the wrong information that has been processed overtime.
In conclusion, it's very important that we gather enough information by making our own research and also learning from others especially in a community like BTT. let's not be too quick to jumping into conclusion especially in topics that we are not familiar with. Your contributions are greatly appreciated.
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Promoting BTC to non-coiners is kinda dangerous, I don't think you need to push people. Only if they ask you to explain to them how to buy it or stuff like that.
I understand that this post is quite lengthy, but I would advice that you read through and get proper knowledge of my message. You are clearly responding to a direct way of promoting Bitcoin which i didn't specify, but i gave two indirect ways which does not require you approaching anyone. Please do well to read the post and maybe ask questions for more clarity. |
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The sad truth is that majority of newbies that come here are alts of sig spammers made for the only purpose of milking this forum so people tend to be suspicious of the new members, especially those who write a little bit longer posts or some sorts of guides.
And that, OP, is the truth. Maybe that's why you were suspected so quickly of using AI to make a post. If you haven't been a member here long enough to know how motivated people are to post for money, you wouldn't necessarily know how bad the situation is or how long it's been going on for. Most newcomers who try to write in English have a very poor grasp of the language, and if one makes a post that's akin to a blog entry with above-average English it's a red flag. Like Rikafip said, it's sad but it's true. Sadly, I find it difficult to write something short. It feels odd and weird. At the same time, I still feel that most members won't appreciate long form of content. I noticed that most users usually write about something that we can easily or probably must have read about somewhere. They even go as far as asking questions that regular search engines can provide answers to. Though, I clearly understand the fact that every user is trying to checkmate the system, but I also suggest that appropriate tools/procedures should be in place in checkmating. False accusation and assumption shouldn't be the number one option. Even SEC finds evidence before taking someone to court. |
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Introduction
In our today world, promotion has been a key contributor to the major success of almost everything that are on a verge to fulfillment. In other words, we can say that promotion has been the back-bone of several break-through. Whether direct or indirect promotion, it certainly have a way of raising curiosity that helps to attract large audience. We've seen it's effect on goods and services, music and movies, politics, etc. It sounds more true when we take a look at our place of residence and realize that almost everything we see went through a stage of promotion, from our home appliances to cooking utensils.
This is quite unclear in the case of Bitcoin. Some crypto ethusiast don't think that there is a neccesity in promoting Bitcoin, while others think Bitcoin promotion is very vital and should be encouraged. Sadly, the internet space has manipulated us in thinking that more than 50% of the world uses Bitcoin so therefore there is no need in promoting it. This sounds true, but we've failed to realize that the internet space is a cycle that holds a certain group of people with same ideology that differs from the ideology of those who don't use the internet.
I did a quick survey just around my environment. My survey was ideally meant to figure out those who have heard about Bitcoin and might possibly be a user in the future. I could easily draw my conclusion considering the fact that i know these people well. It turned out that 18/26 men, 25/31 women and 16/27 youths might not use Bitcoin in the future. My conclusions were based on internet illiteracy, ignorance, age, etc.
Ideally, the above factors shouldn't be a problem only if we find ways to raise the curiosity of a none Bitcoin ethusiast. We don't raise their curiosity by telling them the benefits that Bitcoin offers. We raise their curiosity by putting them in a situation where they will be force to ask what the BTC logo stands for.
Ways we can promote the use of bitcoin as individuals
The purpose of using this two methods helps to raise the curiosity of none Bitcoin ethusiast(NBE). These two methods are clearly indirect ways of promoting Bitcoin
1. Social media
Social media has been a huge contributor to Bitcoin. Current Information keeps running every seconds which keeps the Bitcoin community updated. The regular/consistent posting of Bitcoin related matters on a personal social space is a great way of getting the attention of others. In a space of one year, your neighbour who happens to be a friend on your social space would be force to ask about the BTC logo.
2. Our physical items
This is also a superb way of raising the curiosity of a none Bitcoin ethusiast. When Items like shirts, cups, stickers, etc contains Bitcoin logo, and it's present in major parts of your house/environment, it would certainly raise questions from the people around. Sometimes, it might happen that the none Bitcoin ethusiast isn't the social type, but when he/she continues to see something that isn't familiar, then curiosity is certain.
How do we educate those that are ready to learn?
Ideally, educating people about btc is also a way of promoting it. While educating, over exaggeration of profits should be exempted. This feels very exciting to do, but it shouldn't be encouraged. We must consider two aspect of discussion based on the criteria on ground. If the person who is willing to learn lives in a rural area, then Bitcoin investment should be fitting topic, but if the person happens to live in an urban region, then p2p and investment should be well discussed.
Urban areas is usually associated with certain commercial businesses that accepts btc as mode of payment, unlike rural areas where it is not common.
In conclusion
The promotion of Bitcoin should be strongly encouraged among Bitcoin community individuals. This would certainly help Bitcoin get to the grass root, both in rural and urban regions. These are clearly my opinion.
What do you guys think about Bitcoin promotion and other ways we can promote Bitcoin in our community?.
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From Satoshi's idea about Bitcoin, Bitcoin was not initially meant to become an asset for investments but rather a currency for p2P transactions
Well, we can't really blame them for having such opinion or ideology towards Bitcoin. The benefits of bitcoin seems to have override it's initial purpose. Everyone definitely wants something that would benefit them in one way or the other, but it's very important to keep educating everyone in our own way. Most AI detectors show that the OP generated the content with the help of AI - so I would advise everyone who sees a beginner with such "quality" posts to check the content before replying - because it makes no sense to have a discussion with bots, right?
I guess you are wrong. It's seems you are not use to seeing newbies posting good content. Well thanks for reading through.
It's great that we all identify our flops. I will also do my best in making my post as simple and direct as possible. This is something that not a lot can understand hence why bitcoin gets a bad reputation in the eyes of the general public
Most people, when told about bitcoin, automatically assume that they can just invest and their money will double in size in no time and once this does not happen they brand bitcoin as a scam which will then be spread to other people we must learn how to properly educate other people about bitcoin if we want to make bitcoin more accessible to more people
Who is to be blame?. Well, we don't need to start pointing fingers at those at fault. I have come to noticed that those who educate others about Bitcoin don't like to talk about the ugly side of it. They focus on the bright side making it look like it's 100% efficient. It's really quite discouraging having to talk to bots, thanks for letting me know, I was almost responding to the OP and participating too.
Here on the forum there are so many cool things, why do people insist on using this to interact? all for campaign money? this should only be a benefit, not the main interest.
Did you bother carrying out your own research before coming to a conclusion?. Don't be among those who don't ask questions before deciding to follow what others says. You might be interested in this Link to see my recent complaint about the accusations https://bitcointalk.org/index.php?topic=5480542.msg63447686#msg63447686It's a pity that many are interested in bitcoin but are not ready to give it all it may demand from them to achieve the higher level of success in it, when we are being introduced to something new as bitcoin, we are expected to take time in learning how it works, understand the reason for creating this digital currency and then be able to afford taking the risk it may also constitutes and know about every constituents of any mistake made, after this, you will understand the reason why some could be earning from bitcoin while others may not because you're not all doing the same thing.
Interesting. If I have your permission, I would be using a line of phrase from this your reply in addressing something crucial in my next post. |
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Good day to all the crypto ethusiasts. Today happens to be one of the most terrible day i have had for a long time now due to the power outage. I managed to boost me phone so I could check the visibility that my last post had gained. Sadly it wasn't what i expected. Here is the link to my last post - https://bitcointalk.org/index.php?topic=5480422.0While scrolling to read through the comments, I came across a certain guy name @Lucius who wrote an accusation against me, stating that I used an AI to generate my post. I was so frustrated and embarrassed at what I saw. Here is the link to his comment - https://bitcointalk.org/index.php?topic=5480422.msg63445109#msg63445109I have worked as a content Creator on hive for over a year, but I decided to go for a better platform where my post can get more visibility. when I first got to btt, I noticed that long form of content were not common among the members. Most people just prefer to write something short. Knowing the platform I was coming from, I thought it would be best if I bring thesame effort and writing ability to this platform. During my stay in hive, you don't even need members to catch you while using an AI. Their hivewatcher happens to be very smart and can detect any unusual activity. It's so sad to see that @Lucius and few others don't see any potential in newbies. They believe that most newbies are dummy, therefore they can't write anything meaningful. He was quit surprised to see a newbie writing something meaningful, and had to contact an AI if the post was AI generated. My plan this year Is deliver good content to the BTT community, but it seems my stay isn't welcome after all. In conclusion: I am really embarrassed at what I saw. I am willing to share my hive account username to anybody except @Lucius. By sharing my hive account, you can go through all my post and rate the quality yourself. I also have lots of contents to deliver but time hasn't really permit me. I don't know how accurate the ai detector is, all I can say is that my brain works well and i write good contents for living. |
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Introduction
With the aftermath of the 2008 subprime mortgage crisis, which led to the collapse of the housing market, the need for everyone to start taking responsibility of their money became crucial. The usage of customers' savings by banks has limited the accessibility of personal funds in some parts of the world. Sadly, this is something customers can't address because it's officially backed by the government nationwide.
With the smart thinking of Satoshi Nakamoto, a form of money that gives everyone the responsibility to handle their finances was created. Bitcoin operates solely on decentralization, thereby not involving a third party in every transaction process. Money is easily sent to others with no fear of reversibility as long as there is an appropriate medium of transaction.
Over the years, Bitcoin has shown attributes of a commodity such as gold. The process by which they are acquired leads to a diminishing supply from the source, i.e, the more we acquire them, the more they are reduced from the source. A period of every four years is considered the halving event, where there is a cut in supply. Bitcoin's price gradually grows over the years through different halving seasons, marking the beginning of a new cycle in Bitcoin's ongoing price discovery.
Interestingly, the primary aim of creating Bitcoin, which is to serve as a peer-to-peer mode of payment, has become overshadowed by its ability to create wealth. Due to Bitcoin's occasional price increases, it has become a source of wealth creation for millions of people globally. The profits that can be accumulated are solely due to long term of waiting. Though, there are certain conditions that Bitcoin offers in order to serve as a wealth creator for anyone. They are...
1. Investment -
Investment is a major key factor in creating wealth through Bitcoin. There are basically two forms of investment: Money and Time.
Money: Certainly, Bitcoin itself represents digital money, so it requires another form of money to acquire it for personal use. With the volatility, we often buy it at different prices, which means that there is no stated price for it.
Time: Time happens to be another form of investment, especially for those who apply the trading method. They try to buy and sell considering how good or bad the market price is. These methods help to make quick gain.
2. Patience -
Bitcoin is never a 'get rich quick' scheme, which means that it takes time to make a reasonable profit from it. In order to create good wealth through Bitcoin, patience is also a key factor, especially when it's a long-term investment. Certainly, we have some holders who have been holding their Bitcoin since 2014/15/17.
3. Positive Emotions -
In order to create wealth through Bitcoin, it is advisable to maintain positive emotions. Ideally, we can get too emotional, especially when the price drops very deep and it feels like it might crash. Positive emotions give the courage to keep on hodling or trading no matter the market condition.
In conclusion
There is no such thing as free money. Creating wealth comes with a cost, which means creating wealth through Bitcoin also comes with conditions as mentioned above. There is no such thing as getting rich quick.
Thanks for reading...
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I'm not sure if I'm the only one who read this till the last word, but I think it's worth reading. As a newbie to the crypto space, I never knew Satoshi had documented such an interesting detailed work history, or is it just a fictional story? His work has indeed brought great change to the financial sector, though we are battling with those in authority. In case there is a particular site to read more of his documentation, please kindly share.
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With the continuous study of Bitcoin and all its related terminologies, we realize that we all learn the same thing but understand it from different perspectives. Recently, I have been able to figure out 3 interesting tips that are well associated with the Bitcoin halving process. I thought it's worth sharing...
1. Miners have years to plan for the halving, which means they are given the chance to readjust themselves to see if they can continue the mining task. Certainly, profits might not be guaranteed, especially when working as a solo miner. Thanks to @Charles-Tim, who explained how solo miners work in my previous post, I gained valuable insights.
2. Halvings are pre-programmed events that work when a requirement is met. The completion of 210K blocks, which takes approximately every four (4) years, initiates a protocol that reduces the block reward by half.
3. Bitcoin is practically referred to as a commodity, which shows similar characteristics to gold. The process of acquiring either of them will definitely lead to a reduction in supply; i.e., the more we mine, the more they are reduced.
Interestingly, Satoshi never stated a reason for implementing halving in Bitcoin's protocol.
And I am sure you would be looking forward to checking Satoshi's white paper. Your contributions are welcomed, have a blissful day ahead.
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Introduction
In the ever-busy world of business, profits and losses are key components experienced by those in it. However, from a very tender age until this minute, I have not come across anyone who chooses to make losses. Certainly, everyone loves to make profits through any means possible.
In a case where I happen to be the only one that sells a particular brand within a region or state, it is expected of me to make profits. But if there are other competitors that sell the same brand as me within the same region, the tendency of making profits is likely not to happen due to the competition.
I tried to apply a similar scenario to Bitcoin mining. We all know that several miners around the world compete to solve a difficult mathematical problem, which aids the creation of a block. After the successful creation of a block, the miner is rewarded with some Bitcoin. Sadly, I can't tell the exact number of miners globally, but I think their population is enough to make the reward process very tough.
Questions
1. With the large population of miners around the world, could every miner earn a reward at least once a month?
2. If it's impossible for every miner to earn at least once a month, does that mean that mining is not a profitable business?
Note: I am asking these questions based on a miner's perspective, considering the cost of power supply consumed and the fixing/replacement of faulty mining machines.
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Institutions and companies that purchase Bitcoin have a significant impact on increasing the price of Bitcoin and diversifying their investors. While talking about the positive aspects of such investors, we should also be aware of the negative situation that will arise in case of sale.
This is becoming scary already. Don't you think that it would have sound more safe if there are top companies or individuals who also have large amount of Bitcoin as Microstrategy ?. Don't worry too much, even if he's got 1% of the total supply, he's definitely not the type to dump all of that to get profit and I don't think that he alone can't do it anyway right? There's a board of directors or stakeholders that are going to approve on what's the next move MicroStrategy is going to do so we don't have to worry too much.
I guess we must have said the same thing for Elon musk before he sold his Bitcoin. We can't really trust anyone since they can't held accountable for selling their Bitcoin. What I fear is the rate at which they buy bitcoin and take all the bitcoins from weak hands and a time will come when the bitcoin community will be weak, all the power will be shifted to the institutional investors because they are holding large junks of bitcoin. Now imagine the total circulation, if 60% is been held by this group of people, are we going to have a say on how decentralized the Bitcoin network will be, I don't think so because by then, they will want to be in control of their investment and not with some boys that claim tech guru.
From your point here, I think we might even start to experience Bitcoin scarcity before the mining process comes to an end. When majority of the Bitcoin keeps going to certain hands, then there is something to be scared of. Tesla also sold their Bitcoin holdings, and it didn't have that much effect at all on the crypto market. What do you expect? They will hold it forever? Only a stupid investor will think that way LOL. Those who are saying that they will hold Bitcoin forever are stupid because they will at some point sell their holdings and so does Microstrategy.
No one is actually stating that they will hold forever. And besides, you can't compare Tesla's accumulation to what Microstrategy has done over the years. Only a speculation about microstrategy selling their Bitcoin can impact negatively on the market. Microstrategy is a software and cloud-based company in US and all the Bitcoin you are around is owned by the company and not Micheal. According to some latest report, Micheal Saylor in person has about 17,732 and Microstrategy as a company has a total of 189,150 as last reported, I'm not sure if Micheal acquisition of personal Bitcoin has increased but he doesn't own all the Bitcoin. However, he owned about 24.2% share of the company which makes him the biggest shareholder and that is why he is representing the company and always agitate for bitcoin adoption.
Well, this shouldn't be a debate at all. Micheal saylor happens to be the co-founder of Microstrategy, so every purchased made is describe as Microstrategy's property. Addressing as Michael saylor's purchase isn't a bad idea either, but note that it belongs to the body that makes up microstrategy. |
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Since their start in August 2020, Microstrategy has bought a total of 189,150 BTC. It's certainly uncertain if Michael Saylor is slowing down soon, given his understanding of the importance of long term investment in Bitcoin. Microstrategy's current Bitcoin accumulation worth over $5B,
If we are to work with the figure you just gave above as the total amount of Bitcoin Microstrategy currently has @ 189,150 BTC, then I think with the current price of Bitcoin at $43,100 per BTC, then it's accumulative worth is actually more than $5B, as it's currently up to $8B (i.e 189,150 x $43,100 = $8,152,365,000). Hence, this should be a sign for us all to keep accumulating ours just as Microstrategy has done theirs, if we really wants to reap good profit after the price of Bitcoin start skyrocketing after next year's halving. Of course. Continuous accumulation of Bitcoin should be encouraged individually no matter how small it is. Microstrategy shouldn't be the only investor making profits during the coming events in 2024. |
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What do you think?
Don't trust them. They will sell their bitcoins in future. They are a strong investor and strong hodler but they will sell bitcoins in future. Indeed, they are very strong when it comes to Bitcoin holding, by selling their Bitcoin in the future, is there a probability that the market would be affected, resulting to a decline in price?. |
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As of 26 December, while others were celebrating Christmas with various activities, Microstrategy were celebrating theirs with further addition of 14,620 Bitcoin which worth $615M. Since their start in August 2020, Microstrategy has bought a total of 189,150 BTC. It's certainly uncertain if Michael Saylor is slowing down soon, given his understanding of the importance of long term investment in Bitcoin. Microstrategy's current Bitcoin accumulation worth over $5B, which guarantees a very good profit in the next Bull market and beyond.
Despite all this positive news, I suggest we shouldn't get carried away. Microstrategy has introduced a strategy of continuos purchase of Bitcoin. Why don't we do the same. As respective crypto ethusiast, continuous accumulation is also required, no matter the amount.
What do you think?
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After reading what the OP wrote and the opinion of different users in the comment section, it clearly shows that judging a case in court is not as easy as we think. But I can give me own opinion base on some reply I came across. @Cantsay responds to a post in just 44 seconds.
From what I read, he explained how he receives notifications from new posts and replies. Depending on the user, but i think typing "Welcome to Bitcointalk" shouldn't take long especially when you know that you are trying to secure a spot in the comment section. 44 seconds from the moment the user posted a topic, to get the notification, to actually reading the topic, to go to reply and type your own post, and hit post?
Without the bolded part, yes, with it, bs!
Not every user type slow on their devices. I understand that the population of Edo State is estimated at over 4.7 million [1], but damn, this is such a coincidence:
It's awesome that you used your search engine properly by searching for the population of the state, but it's quit disturbing that you didn't search for the last time the country conducted a national population census. I think those who live in the state should be able to give the probability of having two different graphic designers on same platform. And if you take a look at my post history you’ll see that majority of my replies are mostly first or at the first page of those thread and whenever my post comes first you’ll see that there’s always a little time difference between mine and the op and the main reason why I respond fast is to avoid making reply that just looks like a repetition of what other users have said already and most of them don’t require technical knowledge
All for what, bro? It's not a competition, Lol. I have noticed how you respond to some posts in the past. You usually start with a very short response like "welcome to bitcointalk" and then edit it later. You know that you got so many eyes watching here and anything off about your account behavior can draw a lot of attention Of course, I won't agree with @cantsay on this. Most topic starters might just be interested in few comments, but end up seeing "welcome to Bitcointalk". I don't have any problem with him trying to secure a top spot for himself, besides there are no rules against that. Just because of how busy i am outside my digital space, i would have love to have a spot in every comment section by doing the same thing. So any doubt is removed because both of you do not belong/write in the same local board? You know what else is weird? The fact that @Turn it off does not appear at all to defend himself or you, and he gave you all the merits he had.
@Turn it off ought to be present here to clear him/herself. I am not an admin or moderator, but i think @Turn it off activities should be monitored for failing to respond to every claim involving him/her. In conclusion : Though the evidence against @cantsay is strong, I can't form my own judgment based on other factors at hand. |
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Ultimately I will spend if it reached my ATH prices target, I can't do anything else to enjoy it except exchange to cash(bitcoin is not allowed as a means of payment). At that point I probably would have said, "fuck HODL, let me just start over next bear season".  Lol. @rat03gopoh, I really appreciate the sincerity and the joke part. interesting question.
I think it depends on how long thy have hodled and at what price they got in. Finally what do we go up to.
Lets say you purchased 10 coins in 2017 at 10K around dec 1st of 2017.
I think if EFT comes and we go to 200k those holders may dump 1 to 3 coins
but if you grabbed 10 coins in 2021 at 65k and we go to 200 k they would sell 4-5 coins.
@philipma1957, Thanks for your reply. So, does this mean that the amount used to buy and the profit made are basically what determine the number of Bitcoin to sell?. |
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