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2101  Bitcoin / Bitcoin Discussion / Re: Bitcoin is also a currency, why is its unit so different from the commonly used on: May 23, 2022, 05:53:37 AM
Correct me if I'm wrong — but we don't even need to have a soft fork for sats to be the standard, right? All we need are the typical front-end app wallets(and things like CMC and CoinGecko) to collaborate and switch to sats as default. As Bitcoin Core already uses sats by default on the back-end anyway.
If they did so now, I'm of the opinion that a lot of users would still switch back to viewing the price in bitcoins rather than a fraction of it, as that has become the standard not just for Bitcoin, but for any cryptocurrency listed there.

Also, sats appear quite often in Bitcoin for peoplyto have become more familiar with it; for one it's the default standard for measuring feerate on transactions, so looking at the sats/byte or vbyte would give one an idea of how much cents of dollars they pay in relation to sats.
2102  Bitcoin / Bitcoin Discussion / Re: where does the price of bitcoin come from? on: May 22, 2022, 07:38:24 PM
Does it mean that if I create a seller account on binance and I set my bitcoin to the value I want for example 70 thousand dollars, if someone buys it at that price then the bitcoin will go up worldwide to 70k or only on the binance website?
It's unrealistic someone would buy at that price now, but such a trade would only affect the price on binance, not the global market as there are many other exchanges.
And this would only affect the binance last trading price, up till the next trade is completed.
2103  Bitcoin / Bitcoin Discussion / Re: where does the price of bitcoin come from? on: May 22, 2022, 06:51:32 PM
The price you see on cointrackers is determined by a curation of last sales on different exchange platforms.

Exchanges have buy and sell orders set to specific prices which the buyer wants to buy at or the seller wants to sell at.

• Mr. Bob puts 1BTC up for sale at the value of $29,700 on binance, that's the price he wants to sell at,
• Mrs. Jane takes up his offer and buys his bitcoins in exchange for $29,700,
• Once the sale is confirmed, that would be the displayed Bitcoin price on binance, until the next trade that is, this is why the value is always changing.

Coin trackers like CMC and coingecko check the current trade price on several exchanges to arrive at an average, which would be their displayed bitcoin price.
No one controls this system, it is purely community based (decentralized).
2104  Economy / Gambling discussion / Re: Premier League Prediction Thread 2021/2022 on: May 22, 2022, 03:37:57 PM
<snip>
I also don't expect Manchester city to drop points despite the fact that Aston Villa just went ahead few seconds ago. There are still lots of minutes left in the match, both matches actually and both top teams have the quality to win at the end.

About Mo Salah's absence, that could be a technical tweak of the manager. I thought De Bruyne was player of the season.
2105  Economy / Gambling discussion / Re: Premier League Prediction Thread 2021/2022 on: May 22, 2022, 03:19:12 PM
All eyes were on Manchester City to know if they would slip up, but Liverpool are having a much more difficult evening against wolves after conceding the first goal.
There are still lots of minutes in both games for much more drama.

Chelsea and Tottenham have also gone one goal ahead in their individual matches.
2106  Other / Meta / Re: Biased or brainless moderators? on: May 22, 2022, 05:59:16 AM
Your reply on your thread to the already deleted hijack is what's wrong about your whole approach;
I reported this hijack but looks like mods are sleeping so I will hijack his thread in return of this.
What next after retaliatory spam? Feedbacks? PMs to mods?

If your first action to perceived wrong, is to immediately retaliate, then you should not complain about the system as you did not give sufficient time for action to be taken or inquire what caused the delay.
2107  Other / Meta / Re: Email address when making reports on: May 21, 2022, 04:09:00 PM
I personally cannot think of a particular reason why a user's email address needs to be revealed when they create reports, it doesn't affect or influence the outcome of the reports and does not provide any relevant information for the mods.

It's however safe to assume that once you register on the forum, your details are visible to certain members of the moderating and administration team, so acting accordingly and choosing what address to use use important.
2108  Bitcoin / Bitcoin Discussion / Re: At what age did you start learning about bitcoin? on: May 21, 2022, 02:49:05 PM
1. At what age did you start learning about bitcoin?
2. What role did age and prior experience play in helping you learn about bitcoin and cryptocurrency?
3. With your current knowledge about bitcoin and cryptocurrency, do wish you started at an earlier age?
• I was in my late teenage years when I first learned about the crypto and by extension; Bitcoin, from an acquaintance.

• I would say my age played a role in making me more receptive of new knowledge, at that age, I had very little financial knowledge in relation to taxes, inflation, assets and the likes and basically learnt through Bitcoin.

• Not necessarily. I would have loved to start at an earkjiage, cause I would have got into Bitcoin when it was cheaper, but it's not a regret I have. It all happened in due time and I have been able to learn and grow a lot through this forum and the members in it.
2109  Other / Beginners & Help / Re: [HELP] Please Show Me How to Create a Topic That I Can Moderate by Myself on: May 20, 2022, 08:55:46 AM
another question from me is . "Is this feature (moderation by myself) free to use on every board, or can it only be used on certain boards?"
Self mod feature is restricted on certain boards like Meta, Scam Accusations, Important Announcements, and Auctions.
And once you create a thread (which allows self mod) without activating the feature, it is not possible to make it self moderated.

Here's a quote from theymos;
The excluded sections are Meta (except for this topic), Scam Accusations, Important Announcements, and Auctions. Tagged scammers can't use this feature. You don't have to participate in self-moderated topics if you're worried about manipulation by the OP.
2110  Other / Beginners & Help / Re: My experience with hotaex.net on: May 20, 2022, 05:20:07 AM
Promoting a potential scam website in the guise of helping victims of scam, not entirely original.
2111  Other / Beginners & Help / Re: Correcting newbie's can be done in a nicer way using a polite approach on: May 20, 2022, 05:15:47 AM
I have definitely seen newbies treated with a certain level of prejudice on the forum, being the largest rank group, there is bound to be more bad actors which misrepresents the bunch, and while I do not agree with this, it happens few times and far between to be much of an issue. It could be that such perceived harsh words in one reply, would stick out more in a thread with 10 helpful replies.

Being on the internet requires you to develop a thick skin you would not want to be hurt from "words" of an anonymous individual you could never identify.
Filter everything you read, take in the useful ones, and grow with that, while ignoring the parts not beneficial to you.
2112  Other / Beginners & Help / Re: What does volatility means with example? on: May 20, 2022, 05:06:37 AM
Hi can someone explain volatility with example, I understand what it kinda means but find it hard to implement in reality. Like for example if btc volatility is 4% does that means it goes up and down 4%?
As I understand it; volatility represents the standard deviation (SD) from the price in the timeframe you're studying, it basically tells you how much an asset's price changed over a period of time, a percentage of 4% represents less change than one of 29% in the same period.
For example; if you're looking at a 24 hour period, and at different times (n) in the day, the price of Bitcoin was significantly different from the average of all price points, that represents higher deviation, than one which ic much closer.

Everywhere i find it shows formulas which i am not interested in, I am interested in how I can implement it in my trading decisions.
There are lots of formulas available for calculating volatility, depending on what asset you are looking at.
To implement this in trading decisions, you would have to understand more about SD, dispersion, variance and how they are related.
2113  Other / Beginners & Help / Re: LoyceV's Beginners guide to correct use of the Trust system on: May 19, 2022, 08:51:06 PM
Do you believe scam busters and some specific DT members helping the forum by leaving negative feedback on bounty cheaters' accounts?  
Your question, if I understand is; scam bursters help the forum but bursting cheaters who would also likely be spammers. Definitely yes.
As for DT members, it's basically one of the main reasons they were added.

I have seen bounty hunters do cheats on the bounty campaigns and some users hunting them as well. After they catch any bounty cheater with multiple alt accounts, they do report and DT members tag those newbie accounts. Those bounty cheater hunters are known as scam busters and sometimes they got positive feedback for this which is not correct in my opinion.
You would have to give an actual case of a positive feedback and discuss why it's not correct to you. A random case of a user catching and tagging bounty cheaters is kind of broad.

I'm personally of the opinion that trust feedback should be used in cases where user shows trustworthiness or hints of the opposite, tagging cheaters does not mean trustworthiness. I'll rather add such a user to my trust list as their judgement is most times accurate.

DT members tag bounty cheaters for doing cheat which is correct, but after leaving them negative feedback, those newbies create another account and come back again. So, the forum doesn't get any help from this hunting. In this case, I would say bounty managers and the Bounty organization getting help from the hunting.
What's the problem here and your solution to it?
2114  Other / Beginners & Help / Re: MEGATIPS FOR BEGINNERS. POST/RESIZE IMAGES AND TRUST SYSTEM on: May 19, 2022, 08:04:32 PM
Can be a direct link or you can upload a image to any host of images like imgur
Firstly, in order to upload images a user either needs to be at least a Jr. Member or purchase copper membership.
Then, posting direct image link in image tags, would usually give an error feedback, as the website might not support BBcode links.
In this case you will have to use an external site like imgur to convert it to BBcode.

We know a lot of new user dont remain for long here and also they don't want to read too much. (bad for they).
If you intend to make any financial deals with a forum member or anyone at all, then you have to read, a lot. The forum trust system is only a suggestion, sometime with references; You bear the responsibility of doing your research.
2115  Economy / Speculation / Re: What is going on??? on: May 19, 2022, 06:32:07 PM
What is going on???
Market volatility. As a result of demand and supply which affects the price.

Also, can anyone predetermine if the btc will reach the $100,000 and is the btc
worth the investment...An educated guess, is acceptable!
No, you can not pre-determine price action. All we can do is speculate based on available data on; supply, trading demand, previous price action and adoption rate.
With the current rate of adoption and the gradual shrinking of supply pump, I am fairly confident we would hit $100k, I can however not say if it's within the next year, or next ten years.
As said above, the value of Bitcoin remains the same through market cycles, so if you're confident in the network, it's easier to hodl.
2116  Other / Beginners & Help / Re: give me advice on how to choose a good exchange platform on: May 19, 2022, 02:53:37 PM
Almost every centralized exchange requires KYC. You can opt to use decentralized platforms to exchange which has P2P option, such platform do not require you to post personal details and function as decentralized middle men between buyers and sellers.

What particular exchange to use depends on what currency you want to buy; hodlhodl and bisq are recommended options.
2117  Other / Beginners & Help / Re: Sending BTC To Gambling Site Time Range Question? on: May 19, 2022, 02:06:36 PM
But once you send the btc from nano ledger to gambling site, it immediately shows up in latest operation transactions right?
I just want to point out that a hardware wallet is preferable for cold storage and usually to hold large amounts of Bitcoin.
Outgoing transactions reduces the anonymity of an address as it exposes the public key linked to it, if you use a hardware wallet and it contains large amount of Bitcoin and you would want to keep that private.

You can operate a hot wallet alongside a cold wallet to meet your different needs.
2118  Alternate cryptocurrencies / Altcoin Discussion / Re: CAN MORE LIGHT BE SHED ON THE SUBJECT OF NFTS OR IS IT OUT OF PLACE TO ASK HERE? on: May 18, 2022, 03:49:02 PM
The search button at the top would be of help here as lots of posts have been made on that subject.

In simple terms; Non Fungible Tokens are digital signatures on the blockchain which represents a digital art.

Stuffs like Bitcoin, gold and fiat are fungible, meaning they are identical and can be exchanged for each other; 1BTC = 1BTC.
NFTs on the other hand are not fungible and cannot be exchanged for one another. Each token is different and represented on the blockchain.

NFTs can be minted on blockchain platforms like ethereum, solana, polygon etc, and sold on websites like opensea.
Any art at all could be turned into an NFT; a video, gif, screenshot, painting etc.
2119  Other / Beginners & Help / Re: What are some expectations for a newbie aspiring to learn, earn and impact? on: May 18, 2022, 03:43:51 PM
<snip>
If you aspire to impact the forum positively and understand that this is a community of members, then you should know that your actions are personally motivated and the only guaranteed reward is impacting other members positively; ranking up and building meaningful connections come in secondary.

You do not have to pressure yourself to accomplish an idea or devote more time than you can, or cash. Just enjoy the discussions.
2120  Other / Beginners & Help / Re: THE FAITH OF BITCOIN CURRENCY on: May 18, 2022, 12:10:08 PM
Does Bitcoin production mean Bitcoin mining?
Yes.
Bitcoin mining is how transactions are confirmed on the blockchain.
Miners get a reward for each block they confirm called coinbase reward. This is how Bitcoin comes into circulation.
This reward is halved approximately every 4 years.

If it does then what will be it's faith after the 21million mining limit...

Faith of Bitcoin mining or Bitcoin?
For mining, miners would rely solely on transaction fees as reward for their mining.  The network would adjust to this as the mining reward continues to reduce through halving.

How it would affect Bitcoin is down to pure speculation, possibly an increase in fee to confirm transactions.
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