I just wondering if a newbie like me just joined a campaign recently or i dont know maybe im not yet involved in thier campaign. Do you think it is bad to use thier code when you see your name in the spreadsheet? And what is the meaning when your name is on a violet color ? What does it means ?
Generally what happens in a signature campaigns is that the jr member is the least rank they tend to accept. So you can really look up for the campaigns that have acceptability for the junior members. And about the color coding that usually varies from manager to manager. Colors like red, green n yellow are The most commonly used ones! U asked about violet color, it'd be good to ask your campaign manager the same. |
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Do you think governments are afraid legalizing bitcoin because it's difficult regulating its use, circulation, determining individual's worth, earnings and may lead to tax evasion?
If the governments are afraid to Bitcoin maybe they are just protecting their citizens for the wrong usage of Bitcoin as a digital money, I think every government in the world must make a specific department like for example 'Department of Cryptocurrency' to study the benefits and negative impacts of Bitcoin and other cryptocurrency in future of their country because it is now a trend and more new people in different countries are in these Bitcoin scene. since Crypto is the new trend... so there are no second thoughts required to be given to the fact that it has grabbed all the attention it deserves lately. governments of almost all the nations are thinking of legalization of he Crypto market but what fears them is not exactly the difficulty involved in regulation of Bitcoin and other cryptos but the illegal usage and transaction that people may get indulge into. I don't think it'd be because they fear the difficulties. Governments no doubt would need to get certain new policy frameworks but that'd certainly be worth it. |
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Btctalk name:Preclus
Rank: full member
Current post count: 149
BTC Address: 17ngSZBW7yCe27yYn9Mg13n5Rp3pMayvv9
Wear appropriate signature: yes
Wear avatar: yes
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Suppoting both Bitcoin and altcoins is gonna help in the long run. I go this way only n It works just right!
Altcoins investment if done rightly is quite lucrative not as much as is the Bitcoin investment. But altcoins is always a good option when you have not enough funds to invest in Bitcoin.
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I would say that regulation is far better than complete banning of crypto currencies.This would help crypto currencies to progress in the long run.We could soon hope that other countries which have a stand against cryptos also would regulate cryptos instead of opposing.
That's what i thiNk too. Since Crypto is the new trend these days and every country in the world if not now...then sooner will do something for the Bitcoin regulation. It's the perspective of the different governments towards Bitcoin that makes them think so differently. While on one hand we have countries like Japan which supports the Crypto market and then there are other countries which are totally into banning the currency in their respective countries. So what matters is their perspectives. But regulation of the market is certainly far more better than simply banning it. also regulation of Crypto market will have different implications in different countries according to the prevalent policy framework. While the laws may be liberal in some parts of the world and there may be more hardships in certain other parts |
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Nobody can give a sure shot value because the Crypto market is quite uncertain and we never know the next move Here. So it won't be right to give an exact value.
According to me, the price may not hit such a high and a dip is expected. Rest nothing is guaranteed here in the Crypto market.
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Btctalk name: Preclus
Rank:Full member
Current post count:141
BTC Address: 17ngSZBW7yCe27yYn9Mg13n5Rp3pMayvv9
Wear appropriate signature: yes
Wear avatar:yes
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This topic doesn't make sense
Bitcoin Cash is bitcoin.
The other bitcoin is Bitcoin Core. And the other one is also Bitcoin Gold.
There isn't just one bitcoin. There are many bitcoins. There is no central authority that says which one is the "real bitcoin" so they are all the :real bitcoin".
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I also want to know that which is actually good for investing. Is the Bitcoin cash ever go like Bitcoin?
Bitcoin Cash is Bitcoin The other bitcoin is Bitcoin Core and the other one is Bitcoin Gold All 3 are bitcoin. |
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No doubt about it, that's why the price of Bitcoin Cash is rising as of the moment. Bitcoin must make a move fast about this micro transactions or else BCH will gain attention and worse surpass the original one. I miss the almost free tx's fees and faster sending/receiving of Bitcoin though.
BItcoin cash is bitcoin with a slightly higher block size. Both have the exact same underlying technology which means that if the price of Bitcoin Cash and the amount of transactions in Bitcoin Cash equals bitcoin, the same problems with happen with Bitcoin Cash. |
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Uber has nothing to do with this.
The guy scanned out a barcode on a piece of paper with his wallet address and stuck it in his cab.
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The #1 reason gold is better because we all know what gold is. And we can test it. You don't need a central authority to tell you what it is either, it is a basic element.
That's not true of bitcoin. There is no single central authority that decides what a bitcoin is. Some people say Bitcoin Cash is the real bitcoin. Some say Bitcoin Core is the real bitcoin. When SegWit2X was going to happen there was a huge argument about whether that fork was "bitcoin" or not. There was going to be two Bitcoin Core's and the community was going to split. Now, there is some general agreement about what the bitcoin blockchain is right now but some people don't agree. And in the future, there is no reason not to believe it won't fork again where the community will be split in two with half saying this blockchain is the real bitcoin and the other half saying the other one is. And at that point, there is no central authority to say which one is the "real bitcoin"
The #2 reason is because when I have gold, there isn't a group of developers out there that can simply make my gold worthless. The bitcoin developers (whichever one you consider, Core, Gold, Cash, Blue, etc.) can unlimit the number of bitcoins by changing one line of code. They can blacklist a specific wallet address with a couple lines of code. They can do whatever they want. However, even they aren't the only authority because...
The #3 reason is the miners can do whatever they want as well. Mining is now centralized and small number of miners control the blockchain. They can completely block a specific transaction by not adding it and then if it sees that transaction from someone else, removing it and then mining back ahead to keep a longest chain that doesn't contain it.
The #4 reason is because I don't have any transaction fees when I buy and sell gold. I only have market spread and I don't have to go through any middleman who stamps my transaction to OK it. I can do a transaction with someone directly without having to send a transaction off to a third party and where my transaction is made public via a public key that might be associated with me.
Basically when you buy gold, you have bought something that is immutable. When you buy bitcoin, what you bought may be devalued by others, may be blocked by others and you must go through others even to do a simple person to person transaction.
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And then BCH will adjust to the highest difficultly it has ever had. The miners will all switch back to BTC resulting in: BCH will later readjust to a low difficultly BTC will later readjust to a higher difficulty Causing the miners to all switch over to BCH again and the cycle repeats itself. Yea or nay? |
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Bitcoin is designed to adjust difficulty based on mining hashrate.
Now there are multiple versions of bitcoin with varying mining difficulty.
A miner can choose to apply their mining hashrate to the version of bitcoin that gives them the most money for their hashing power.
This has manifested itself in the majority of hashing power switching over to Bitcoin Cash in the last couple days.
And the disappearance of hashrate from BTC has caused transaction confirmations on the BTC network to slow down to a crawl because there is a high difficulty but the miners have left for the (easier to make money) BCH chain.
Now, the BCH mining difficultly will adjust higher (because of the mining power on the chain) and at that point, miners can move back to BTC because it will become more profitable to mine BTC. At that point, BTC will be "easy" to mine because it possibly readjusted to a lower difficulty as there were fewer miners.
Because all the mining hashrate was on the BCH chain, when BCH changes difficulty the change will be based on all the hashing power it had. BCH will be more difficult to mine. After the BCH difficulty change and the miners move to the BTC chain, transactions confirmations on the BCH chain will slow to a crawl because the difficulty is high and the miners have left.
And then the whole cycle will repeat with one coin getting all the miners and then the other coin getting all the miners and the difficulty swinging wildly between low and high as the network tries to readjust.
Essentially, miners are taking advantage of the delay in the difficulty adjustment. Pumping it high, then moving to an other chain where it is low waiting for it to adjust and then switching back. This makes the miners more money.
Is that a correct analysis of what is going on or not?
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A lot of miners have switched to mining bitcoin cash, since the bitcoin difficulity got harder in the last couple of days hence why the transaction are starting to get slow and they get unconfirmend..
So, will miners now just switched to whichever bitcoin version is easier to mine? If so, the transaction backlog will swing wildly from one version of bitcoin to the other as the difficulty changes, all the miners switch coins and mine until that difficulty changes, then switch back, etc. And you could expect this kind of delay every difficulty change and it will get worse every time there is a bitcoin fork. |
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Imagine there were only 10 people in the entire bitcoin community. And they bought and sold bitcoin at higher and higher prices.
They certainly could. One person could pay $10 for a bitcoin. Another could pay $10 for half a bitcoin. Another could pay $10 for 1/100 of a bitcoin.
Now, let's say they cashed out. Where does the money come from?
The only money in bitcoin is the actual cash people are putting in the game. The only way one person can make money is if someone else can lose money. And at the same time, the miners are taking money out of the game and the exchanges are taking money out of the game.
Bitcoin is a zero sum game. I don't care if you call it a pyramid scheme, ponzi scheme or anything else.
The one thing you need to understand is that if you are going to make money, someone is going to lose money. If you spend $3000 on bitcoins, someone else just got your $3000 minus transaction fees (and exchange fees). You then have a hope someone else in the game will buy your bitcoins for actual money in the future. That is all you have.
Just realize that is the game you are playing.
And then understand that you aren't at the bottom of the pyramid. You don't have coins you bought for $1 or less. And there are a lot of people who do. So, they will make money. Who will they make money from?
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Let's see... The BTC bitcoin fee to get a transaction to happen in an hour is currently $13.86 (have to say "BTC" because there are multiple "bitcoins") The BTC transaction backlog is huge The BTC bitcoin developers are fighting and fragmenting BTC mining is centralized with a tiny number of Chinese miners having the majority of hashing power (and thus control over what transactions happen) BTC money is flowing into BCH because.. just because. But nobody takes BCH as payment showing that whether a "coin" is used for payment or not doesn't matter (see Ethereum). This also shows whether a "coin" is used to actually buy things doesn't matter at all. The number of bitcoins is essentially unlimited because ever time there is a fork, the number doubles. It is clear there will be no "official" bitcoin as everyone jumps ship to whatever they feel like. Other than that... |
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This article is literally 6 months old.
you are correct, for some reason it appeared in my feed just now i'll try to delete the thread.. it said i couldn't delete the thread so i edited the first message |
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