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2081  Bitcoin / Bitcoin Discussion / Re: should I be concerned about the history of bitcoins when buying them ? on: May 29, 2022, 02:00:39 PM
How would anyone know if those specific coins were used in any illegal activity?
Cause the blockchain is completely transparent.

If a hacker breaches a centralizes exchange and transfers Bitcoin from the coldwallet of the exchange into an address the had created, this particular transaction can be tracked as well as the wallet the inputs were sent to, from then on, any other transactions those inputs were used in can also be monitored.

You can do this yourself by visiting a blockchain explorer like blockchair.com

If I purchase bitcoins via p2p, can I get some problems if the bitcoins I get were involved in some criminal activity ? If yes then how do I avoid such situation ?
• Theoretically, you should not get into any trouble as long as you can prove that you had nothing to do with it, with proof of transaction and communication with the other party.
• How to avoid such situation would be by keeping records if your transactions should they be needed.
Also, do not trade directly (physically) with someone except you explicitly trust this person.
2082  Other / Beginners & Help / Re: Can someone help me? on: May 29, 2022, 07:20:13 AM
that's true sir my friends get income from this forum but I don't know where to start because I am a person who has a high sense of curiosity so I want to explore it so that I can be like them even more than them in profit
Uh oh, guess my gut feeling was right from my previous reply to you. You are just here to earn and not to learn. This is a forum and not an earning platform.
Get that right, OP.
When introduced to something, one tends to act according to how it was presented to them until taught otherwise. That seems to be the case here;
Many users are on this forum only for bounties and spam to earn. That is all they know about the forum. If they presented the forum to people, they will teach them to act along those lines. They could even tell them that other sections of the forum does not offer much, and they could even get bashed by other members and tagged merit hunters for posting there, further pushing them to the spam grounds.

This doesn't make them bad newbies per se, they just need re-direction. We all started somewhere and probably saw the forum to be something different from how we view it today.

when it comes to goals. I want to get knowledge and money from this forum.
so it becomes additional work for me
Firstly, posting consecutively is against the forum rules.

Secondly, learning and earning are all possible here and there are many members who do it, including myself; however during your early stages of the forum, it's advisable to shelve the idea of earning and focus only on learning and growing your knowledge base.
Do not be to desperate to rank up or earn merits, just read and learn as much as you can, find an interest and genuinely enjoy this forum, anything else can come later.
2083  Economy / Economics / Re: Twitter to pay $150 million for selling users data for Ads on: May 28, 2022, 03:20:56 PM
This shows that these data could be used to literally rule the world.
Precisely.
During the era of door to door sales; salesmen have to knock on the doors of tens or hundreds of people, majority of who are not interested in the product being put on sale. Fast forward to today, companies can simply collect datat of what user searched for what product, or who said what in a conversation, market that data to retail services with location of the potential customers and this is just a pinch of what data could be used to do.
2084  Other / Beginners & Help / Re: hi everybody..Nice to meet you on: May 28, 2022, 07:09:28 AM
As you can tell by his nickname, I'm not convinced his goals on bitcointalk are exactly noble. But hey, to each his own.
However, I'm afraid this one goes directly to my ignore list.
I had to quickly use my device to translate the name, and it's quite an odd choice of a username.

I would not however hold it against the user as much; On registering; many users are not familiar with the permanency of their username and consider this to be just another social hangout where you can act on all your whims. Nothing wrong in anyone on those assumptions, except if the user does not actually try to read and understand how the forum works and how it's different from regular social platforms.

If in a couple of months OP applies for change of display name to the admin, they have my support.
Or they could just never log in again, like many newbies who have popped up.
2085  Economy / Economics / Re: Crypto is doing well in Thailand...or is it? on: May 28, 2022, 06:57:04 AM
But to gain the confidence of other users, we need the existence of these centralized exchanges, which are under the government regulations. We know that bitcoin should not be in any way tied to a centralized organization
Anyone who needs a decentralized currency to be used on a centralized platform inorder to gain "confidence" could as well keep on using fiat.
Bitcoin is not running a marketing campaign, if you read about it and understand the concept and it interests you, then by all means buy some, of you're not as interested,  do not.

And to welcome this adoption, government intervention is inevitable. This I believe, we can't escape from. We don't know where will our details will end up with but this is the stage where we need to accept that centralized platforms are already here to support adoption.
Governments can do what they want. Individual users can choose to use Bitcoin as they wish. There are a many channels through which one can maintain pseudo anonymity.
2086  Other / Meta / Re: What is the proper way to address a noun with a pronoun with Satoshi and others on: May 27, 2022, 04:57:50 PM
"They" and "Them" can possibly be used as a singular person pronoun and not only for more than one person. It fits perfectly when you are unsure of the gender of the person you are referring to, be it Satoshi or any other member on the forum.

If I was discussing about Satoshi in a reply, I would start of by mentioning the name somewhere in the beginning of the text and then use "they" or "them" subsequently. For example;


"Satoshi created a revolutionary technology in Bitcoin, and they did so by combining finance with the blockchain tech, making it possible for them to come up with Bitcoin as it is known today".

If you are certain of the gender, it's easier to just insert the appropriate one and would be much more understandable to non native English speakers.
2087  Economy / Economics / Re: Crypto is doing well in Thailand...or is it? on: May 27, 2022, 03:12:39 PM
They scare of scam exchanges will be reduced because the government making sure to secure exchanges in their country.
Governments do not make sure to secure exchanges, they give you the impression that you are secured by setting bogus regulations and entry barriers to certain industries. The objective of Bitcoin is to give users financial Independence rather than depending on third parties, using centralized exchanges means you are submitting your assets and personal details to a central server, from where it can be stolen or sold.
2088  Economy / Economics / Re: Twitter to pay $150 million for selling users data for Ads on: May 27, 2022, 01:56:06 PM
Once personal data is shared, it should be considered to no longer be personal, regardless of what the other party claims they wish to use it for.
Data is one of the biggest markets and social platforms like Twitter, Facebook, Google and the rest have loads of it by collecting presumably harmless data to fulfil whatever sign up conditions they set. It has become so much of a norm now, users barely care what is collected and how it is used, or rather they fail to see any danger in their phone number, or web history being tracked and stored.

This is a trend that is not going to stop anytime soon, best to take precautions to protect yourself if you do not want your details shared.
2089  Other / Beginners & Help / Re: A more to what is display by centralized Exchanges, shareholders and Beginners on: May 26, 2022, 04:01:05 PM
how can I verify the above assurances that shareholders would agree to settle all users before them if there is a downfall?
You cannot verify anything with with centralized exchanges, they reserve the rights to change their ToS at anytime and as a user, you have already agreed to any such changes made.
The biggest risks posed by centralized exchanges is not in the case of a downfall, or theft. They could also run an exit scam, or have isolated cases of stolen user funds with no action taken after reports.

The best advice is to basically avoid centralized platforms, particularly for holding funds. There's a much more secure and independent way to store funds in non custodian wallets which gives users full autonomy.
2090  Other / Beginners & Help / Re: No man is an island on: May 26, 2022, 01:30:32 PM
But OP, I'll say it again. You literally wrote the same thing on your other topic 5 days ago. Just read the name of the forum, or should the forum be renamed to "rules of conduct"?
It happens quite a lot; a sort of rehashing of posted content in the hopes of getting merits. We see it with introductory posts being made wey often especially when one seems to be working (by working I mean getting merits). This makes is extremely difficult to decide which member is being genuine with their posts or inquiries.

What I usually do, if I find myself in such a dilemma is to go through the user's post and find out if the user has other useful content on their history and merit those. It might not seem as much, but avoiding meriting a spammer who needs that to rank up and join bounties feels good.
2091  Other / Beginners & Help / Re: help me decipher the text on: May 26, 2022, 08:17:45 AM
You should know that, you must have 12-word secret recovery phrase for import any cryptocurrency wallet. But I can see only seven words in your picture. You can never recover a wallet with only seven words even if it is correct. It will only be tried in vain
A recovery phrase can be anything between 12 - 24 words in groups of 12, 15, 18, 21 and 24, and not just 12 words. Some wallets only allow recovery in 12 or 24 words only, and there can also be extra customized passphrases added.
2092  Bitcoin / Bitcoin Discussion / Re: Some Fiat Financial advisors are such hypocrites when it comes to Bitcoin on: May 26, 2022, 06:25:17 AM
So, next time when you see those financial advisors on TV bad mouthing Bitcoin, think of the things I mentioned above.
I do not think members of the forum would be much bothered about such talk shows or rants, neither are they the target audience. Such naysayers usually target individuals who are not savvy on Bitcoin and who have become so into the traditional system and playing it extremely safe (even though that poses risks).

And I'm not too bothered about such talks; I have a weird opinion that it might actually be good for those who listen to it; If one would blindly believe a TV guest without doing their own research then maybe they should not be into Bitcoin at all, as they would sell out at the slightest bear threat and blame whoever may have introduced them to it for their ruin.
2093  Economy / Economics / Re: CBN to stop circulation of Naira note on: May 25, 2022, 07:20:01 PM
I get what you're saying, but I guess what I meant was that a government (let's say the US and its currency the USD) couldn't have a physical version of its currency and a CBDC version existing side-by-side.  If people in the US had the choice of using a government-issued cryptocurrency where all transactions are recorded on a blockchain forever or banknotes and coins, I think--and hope--that they'd choose the latter.  A government would basically have to make the CBDC mandatory if they were going to create one, else I don't think it would catch on.
I understand you better now, but I still think theoretically it could be possible for a blockchain version of USD to exists along side the first version.
For such to work, it may be required for transitions between both to be seamless, maybe a built in function on banking apps where one can switch to a CBDC wallet and transfer directly on the blockchain. It would also be possible to use ATMs as normal on a blockchain version.

This of course is a hypothetical scenario and it would be more difficult in actual practice
2094  Other / Beginners & Help / Re: My Diary of Hope on: May 25, 2022, 07:08:03 PM
You get 2 merits from me, cause my name appears twice on the list  Cool

Nice compilation; It contains answers to about 90% of the questions asked here on a regular basis. It's a shame many do not use the search option or do not know how to do so efficiently.
Here is one useful guide to searching effectively, for those interested in reading - https://bitcointalk.org/index.php?topic=5276341.msg55209958#msg55209958
2095  Other / Beginners & Help / Re: An advice for Crypto Investing on: May 25, 2022, 07:45:38 AM
Investing in crypto assets is risky, but it can also be incredibly profitable.
Investing in any asset is risky. Investing involves exchanging fiat or other assets for another you expect to appreciate in value over time, but no guarantee that this is going to happen; That's risk.

If you want to obtain direct exposure to the demand for digital currency, cryptocurrency is a good investment.
Majority of cryptocurrencies which are created are bad investments; the market has been filled with so much scam and rehashed projects, finding out a right investment is quite difficult; much easier to stick to bitcoin. Luna has shown that even perceived established coins can fail due to lack of a definite project and actual decentralization.

I've seen a couple of threads over theoas days with this exact theme; advising on how to invest. It's good you do a quick search before making a thread.
Good attempt however!
2096  Economy / Games and rounds / Re: Sportsbet.io ⚽ UEFA Champions League Final ⚽ LFC vs Real Madrid ⚽ (Saturday) on: May 24, 2022, 09:39:13 AM
1) Liverpool
2)  Under
3)  Under
4)  Over  
5)  Yes
6)  1st

7)   Yes
8.)  Yes

9)  No
10)  No

11)  No
12)  Yes

13)  No
14)  No

15)  19'
2097  Economy / Economics / Re: CBN to stop circulation of Naira note on: May 23, 2022, 01:53:27 PM
The Nigerian government are most likely just blowing smoke. A purely digital economy is not feasible at this present point in time, so phasing out physical notes is not either. This is probably an attempt to draw more attention to the eNaira which has not taken off ever since it was launched.

Now that I think about it, a country's currency would have to be either their new digital currency or their old one, physical or not.  They couldn't really exist side-to-side, could they?
Yes they can; El Salvador is a popular example. They recently adopted Bitcoin as a legal tender and still use their previous fiat currency; USD, with both co existing side by side;



Here's the link which contains the full list of Nations and their currency; there are some others there which uses two currencies side by side (not including a cryptocurrency) like Lesotho, Panama and Sahrawi republic which uses four different currencies.



Edit; (off topic discussion)
I can see from the screenshot above that the commonly used ISO code for Bitcoin is BTC or XBT.
I am aware that bitcoin is normally represented by three letters as BTC, but have never come across where it's represented as XBT.

On research, I discovered that XBT is result of ISO standards; that a currency not linked to any country, should be started with an 'X', hence XBT for Bitcoin and XAU for gold.
It seems a bit confusing as there's already a cryptocurrency using that acronym. And XBT is not used in practice as it's said to be on the list.
2098  Economy / Service Discussion / Re: What is the best setup to start a crypto investment service on: May 23, 2022, 01:35:08 PM
- people send money in a company account
- this money is collectively used to buy a cryptocurrency on an exchange platform
- the company keeps the register of the holdings of each user. There is therefore no wallet (address) per user.
You basically want to create a Bitcoin trust fund.
A trust fund could serve any asset and the company holds the said asset on behalf of investors, which would be an individual or cooperation; Grayscale is an example of a Bitcoin trust.

If possible, does this mean that the company is a cryptocurrency custodian on behalf of its customers?
Is there a better scheme?
Yes, that's what it basically means.
Yes, there's a better way and that would be the investors actually buying directly and storing in their non-custodian wallet. Some institutional investors could have legal issues buying directly and this is where trust funds serve.
2099  Other / Beginners & Help / Re: My Introductory Message on: May 23, 2022, 12:19:18 PM
Welcome to the bitcointalk family.

Better late than never, or too quick on your first post. It best to read and learn, before replying or posting.
There are already lots of links already posted on this thread to cause an information overload, so I would not add more.

The forum is not that difficult to understand; avoid plagiarism, spreading malwares and spam. Bitcoin itself is a bit more complex, but if you take it one step at a time, you should get a hang of it.
2100  Other / Beginners & Help / Re: 13 Facts You Never Knew About Bitcoin And it's Forum on: May 23, 2022, 06:08:32 AM
Who knows he might also have some that we dont know. Or he didnt manage to liquidate yet his bitcoin at all.
Highly unlikely that he/she liquidated at all.
All the addresses linked to Satoshi Nakamoto, from the genesis block to others which received coinbase transactions during the very early days of Bitcoin; have not yet sent any transaction out. If these were truly owned by Satoshi as speculated, then that would mean they have not sold or liquidated their Bitcoin holdings.

The only reason I can think of, is he/she fears impacting the value of Bitcoin too much. If addresses linked to the creator of Bitcoin were discovered to sell, that would sway trader's sentiments a lot and affect the price.
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