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2101  Bitcoin / Bitcoin Discussion / Re: Internet is one limitation of bitcoin on: May 13, 2023, 10:31:50 PM
Only that which is the limitation of the internet can be the limitation of bitcoin; Electricity. If there is electricity, many possible means of sharing information would be made available regardless of the Government rules. Internet is an Electricity lifestyle while bitcoin is an Internet Lifestyles it draws a larger scale of difference, but what mattered to people is that their gadgets turn on or are well charged. I'm glad to have seen the possible method of connecting our bitcoin to a satellite. It's an exceptional Idea and it has proven that bitcoin will always stay aloof of its possible problems.
2102  Economy / Economics / Re: The Role of Education in Financial Literacy on: May 13, 2023, 10:09:22 PM
Education is needed to known well about anything and in my opinion without education a person is blind he cannot get the things easily. A person can get financial stability without education but if education and experience both are used in some field of life then success rate of such job will increases. I think educations should be compulsory because there are few jobs which does not have any requirements of degrees but not all the individuals are involved in that so if you have degrees you can do any job without any problem.
Education with experience makes a person unstoppable. Some of the people are educated but still not financial literate maybe because they don't have enough time to learn it or it is not their priority but then it should be a priority since it will give us a large impact in our finances and it will help us to manage future events in the future. Some people learn financial literacy through experience.

Experience is the best teacher they say, but to step ahead amongst experienced people education is required. We are in a world where the next person takes over a position with few experiences they've got in their resume than other contenders. Indeed an experienced person with Education is unstoppable that's if they realize it. Achieving the goal requires determination and perseverance skills or qualities the school doesn't teach, it emits from people who are unstoppable. Many experienced and educated people don't utilize such qualities and they end up being stopped by critical life conditions like capital, poor environment, or excuses. Every one that is financially literate should practice often else they may not level up on top news or information disseminating in the niche or industry.
2103  Bitcoin / Project Development / Re: VPN Service Provider. BTC / USDT Accepted on: May 13, 2023, 09:58:18 PM
Aside every other complaints about the webpage; authenticity and missing information, I'd want to ask why you duplicated the above post? However, I like the website theme, it looks simple and user friendly to me and I navigated the website easily without needing a helping hand. If you are running a reseller page please notify and don't claim total ownership, but if the VPN is yours then be kind enough to provide relevant information about the VPN, and the team behind the project. It'll build trust and provide transparency for the business. Every responsive website should have those features, as stated by Zwei in his response.
2104  Other / Beginners & Help / Re: AWESOME! on: May 13, 2023, 04:38:50 PM
FIRST TIME HERE
Kudos to the founder satoshi nakamoto and the lunching team of BTC crypto-currency.
It's like a mystery: beyond mere human explanation, what we all enjoy and 80% of the world, mostly youths, working and none working class's aim and admiring and dream currency, was found in 2009.

The geometry progression of this innovative individual idea: BTC, surpasses man and his ordinary prediction.
Generational thanks to the founder and the forum members for sustaining this great and wonderful virtual crypto-currency.

Can you provide any sources to back up the claim that 80% of the world's youth are interested in Bitcoin?


It's a good thing to find Op's thought on bitcoin and the exaggerated percent of people he claim were aiming to have a currency like bitcoin. I don't understand it the same way you just did. Bitcoin is so good a currency for people to admire it or think of a currency that operates like bitcoin before Satoshi launched it. They're lots of digital money that existed before bitcoin, like e-gold, a sign that people craved for a currency that would operate without a middle man. However, my agreement with his exaggeration is not even, just that I understood his view differently. The fact that people mostly youths waited for a currency, bitcoin, doesn't mean they'll be interested in bitcoin when it launched for some reasons best known by the individuals.

"You asked for change, we gave you coins." - Casascius
2105  Bitcoin / Bitcoin Discussion / Re: Effects of war on bitcoin on: May 12, 2023, 10:26:48 AM
Wars and pandemics and all don't exist in a vacuum. They have ripple effects that would extend to so many aspects of our lives. In the same manner that a virus wreaked havoc to global supply chains, government debts, employment, inflation rates, and others, the Ukraine invasion has also caused significant economic changes. It could even mean a serving of chop suey in a lowly eatery somewhere in my city far away from Ukraine will increase in price. It could affect Bitcoin as well. But this isn't the only, not even main, factor.

People may think that a situation like war or pendamic can make bitcoin pump or dump, but I think we should not wish for these two extremes situations only to gain monetary gains.

Another thing to note or food for thought is that war is something which we do not see often. It may take year's or decades until there is any situation of real war. Also these days the wars are deadly as mankind have developed explosive weapons that may destroy the people / places in very quickly in short span of time.  When people lives are not safe, I don't think any investment market can survive or grow in these worse situations.


War is never recommended in the lives of human, but as everyother thing created by humans or God it has its economic importance and War is not an exception. Aside that, Bitcoin is a currency that survives regardless of any economic condition. The topic should be "the effect of bitcoin on war" because bitcoin is not affected by war, its just the price pegged to fiat that is, so in the actual sense, imagine people who fled Ukraine during the first Russia attack or invasion, many left their fiats destroyed and houses collapsed from the said weapons you just mentioned. What happened to bitcoin? nothing, did you hear any bitcoin got destroyed. Citizen who own bitcoin left the country with any amount of bitcoin without worries of its weight. I think war has nothing against bitcoin, rather bitcoin has helped people escape war and begin a new life somewhere else maintaining the same status; had their funds, such citizens didn't end as refugees.
2106  Other / Beginners & Help / Re: The Man Who Saw Tomorrow on: May 12, 2023, 09:51:57 AM
True to it, bitcoin is not yet 20 years old, and we are already seeing very large transaction volumes that are taking almost forever to get to the recipients.

To be fair — we have no idea on what Satoshi meant by "large transaction volume", as what "large" means can be quite subjective.

Literally, Satoshi was talking about Positive and negative feedback loop when he made that statement; large transaction volume is possible if more people keep transacting with bitcoin and small transaction volume if the number of traders decline. He was explaining in simple sense how bitcoin price works. Hence, it doesn't sound as seeing the future, yet its a prediction that took one side, which is the large transaction volume. Who knows what happens at the actual moment, 20 years, of his prediction if it'll take a negative feedback loop or Positive feedback loop.

2107  Bitcoin / Project Development / Re: Scamfree Marketplace on: May 12, 2023, 09:21:20 AM
Implement methods that'll scare away scammers and spammers from the site; add rules and take them serious. Not everybody would be allowed to list NFTs on the site, always check routinely on the marketplace vendors, if anyone doesn't keep up with rules, ban them. Nothing takes off scammers like excellent moderators. When the site moderators are very strict and takes away any suspicious submission, scammers would leave the site. It's better to have a quality marketplace than a garbage one; with enormous traffic but serves scam to visitors. Most marketplaces allow such activities because of the traffic spammers and scammers add to the website. Currently they're millions of spammers and scammers online that work round clock coupled with bots, so the industry has been growing long ago. Terminating them on your site or marketplace is a great move, but the traffic would reduce too.
2108  Economy / Economics / Re: South Africa in trouble. on: May 12, 2023, 09:03:13 AM
South Africa being a member of the Five leading economies BRICS with an economy huge enough to influence the whole Africa doesn't mean Africans in different countries should fidget over their sanctions. Aside the presence or help of South Africa, countries like Seychelles, Nigeria, Libya, Egypt have large economies enough to sustain them in businesses. Like you mentioned the neighboring countries to Africa like Zimbabwe should be worried about this new development. Because it has been confirmed by the USA that South Africa gave out Arm to Russia to continue invading Ukraine. They're close allies and it'll be difficult for South Africa not to help Russia with weapons during war times despite their promise to remain neutral.



Image from Aljazeera
2109  Bitcoin / Bitcoin Discussion / Re: Liechtenstein is considering to accept bitcoin for government payments on: May 10, 2023, 03:39:43 PM
They won't pass that bill easily and might not do that in future.

If there is anything they are ready to approve as a mean for government payments, they will do it with their CBDCs first.

Bitcoin is a threat for their fiat currencies, CBDCs and governments won't initiate something that will make future of their CBDCs looks worse. At least with governments, they don't consider Bitcoin as something neutral and harmless for their fiats and CBDCs.

I don't see bitcoin as a threat to fiat currency, this new adjustment in Liechtenstein's local law doesn't change much to an extent of being a treat to their fiat currency. It's just an additional payment method and a way to accept citizens who own bitcoin to pay their dues using that medium. The Government may implement a fee for themselves too aside the one meant for bitcoin miners. For instance a fee of 20$ can be $25 for bitcoin payers. And they'll quickly change that to fiat currency helping the network in a way and at same time helping the growth of local peer2peer traders who change bitcoin to fiat. One good news about it is that it'll disseminate bitcoin to a wider public of citizens in that country.
2110  Bitcoin / Mining / Re: Bhutan Kingdom is looking for Mining partners to expand their project on: May 10, 2023, 03:00:22 PM
Bitcoin miners would find it a good partnership considering the nature of the country; monasteries, mountains, fortress, and its green energy.
I'm not sure how this would affect miners in general though. Aren't this mining operation owned by the state/government-related company and not individual miners? They are looking at investors, and not miners to join them if I'm reading it correctly. I don't think anything changes that much if you own a private mining business. That being said, I wouldn't be surprised if the government welcomes miners from other countries with open arms if anyone wanted to move there as long as it is profitable.

If the individual, as you said, runs a bitcoin mining business does it mean his investment won't count?. I read it as a means to welcome miners into the country because those who are into bitcoin mining would see it a good privilege to mine using a sufficient green energy.

I don't think anything changes that much if you own a private mining business.
The country is generating money through bitcoin mining and it's adding to their economy, regarding that they're quite a small nation, but bitcoin mining has contributed to the growth of her economy. For them to seek investors that means they're keen to increase the economy with bitcoin mining. So, having a bitcoin mining business expanded shouldn't be seen as an impertinent move. It'll yield them profits, they must have thought about it before revealing to the world their bitcoin mining interest and knowledge.
2111  Economy / Economics / Re: The Role of Education in Financial Literacy on: May 09, 2023, 03:55:58 PM
The role of Education in financial literacy is simple, ability to read and write. It's genuine that the educational system didn't teach meaningful things that suits the livelihood of many who paid tuition fees to become professionals in a specific fields. But, I'd say that no knowledge should be considered unworthy of learning. These student may not learn financial literacy regarding cryptocurrency in school, but if they learnt business in school or economics it won't be a hassle to understand how cryptocurrency works. If its not thought in school that doesn't mean student shouldn't learn it themselves. I mean so many things we practice today wasn't thought in classes yet some students learnt that while in school in their hostels, even some students heard bitcoin for the first time from school friends. I'd say that Education is indeed playing a role in financial literacy regardless of its lesser percentage of contribution.
2112  Bitcoin / Bitcoin Discussion / Liechtenstein is considering to accept bitcoin for government payments on: May 09, 2023, 02:33:06 PM
The bitcoin community in Europe is awed to hear the intention of the Liechtenstein local lawmakers about the integration of bitcoin for government payments. They intend to swap the bitcoin into Swiss franc immediately after it arrives in their wallet. According to Daniel Risch, the PM, and Finance Minister, he stated that the ruling body could allow its citizen to utilize bitcoin for government payments, but it's not sure if they'll take in bitcoin as legal tender, he didn't mention it.

Hence, regarding the network congestion happening recently, bitcoin communities lament that the Liechtenstein government has not experience network congestion, before the bitcoin gets converted into Swiss Franc it'll take time and they'll pay higher fees too. Hopefully, the whole dust transaction gets decongested before Switzerland concludes its decision of integrating bitcoin as a means of paying government fees. If these countries, adopt bitcoin payment it'll boost bitcoin, but if the mempool busy traffic continues it can demoralize them from taking this step. 

https://cryptopotato.com/liechtenstein-could-embrace-bitcoin-as-a-payment-method-for-gvmt-services-says-pm/
2113  Economy / Services / Re: I am hunting for a job on: May 09, 2023, 01:53:28 PM
In addition, graphics and content writing are needed in this forum, especially the first mention. If you have some time to do design free, I'd suggest, redesigning signature avatars and sharing them in your thread. This will help show managers how great a designer you are, and yield more exposure to your arts and designs. Aside the forum, go to social media and reach out to new businesses about a logo on their websites or social media pages. Build a resume, directing back to the designs you've made in the forum and share with different prospects on social media. Take this as an everyday exercise and you'll see turn ups and responses, get busy first and the business will come.
2114  Bitcoin / Mining / Bhutan Kingdom is looking for Mining partners to expand their project on: May 09, 2023, 01:37:51 PM
Bhutan has revealed to the world, why they leaked the secret they've been withholding from the world and their citizen. Bhutan has been mining bitcoin since the price was at 5k with their extensive hydroelectricity a kind of renewable energy that is gotten from flowing water. The country mined bitcoin secretly and made money, when asked why they leaked the secret, they mentioned that their goal is to increase the country's economy by attracting more hands or partners to their crypto mine project that'll help in improving the hydroelectricity form of mining bitcoin.

Quote
The country’s investment arm, state-owned holding company Druk Holding & Investments (DHI), and Nasdaq-listed mining company Bitdeer are reportedly seeking investors for $500 million (€454.9 million) to be used to develop green crypto mining in the kingdom.

Bitcoin miners would find it a good partnership considering the nature of the country; monasteries, mountains, fortress, and its green energy.

https://www.euronews.com/next/2023/05/05/bhutan-has-secretly-mined-bitcoin-in-the-himalayas-for-years-and-it-did-so-sustainably
2115  Bitcoin / Mining / Re: Minners in Kazakhstan pay high electricity tax on: May 09, 2023, 01:12:12 PM
Noted, the fees are quite affordable compared to the amount miners earn from fees, but the fact it got increased, after the government collected 7m dollars, should be questioned and looked into too, If miners pocket the fees showing the government that it's cheap to them, they'll likely increase it again until the fees become unfavorable. However, people in different regions or countries pay higher fees, yet the way governments operate, they're always on the look out for more money, in my view, I see in future that the fees will be increased again.
2116  Economy / Services / Re: [CFNP] AgoraDesk.com - P2P Bitcoin Exchange | Sig Campaign | Up to $80/W on: May 08, 2023, 02:38:41 PM
Friends, payments will be processed tomorrow (I'm just on the road and will not have time to get home today).

No prob. Mempool is silly busy right now anyway (>2x worse than last week), maybe it will have calmed down just a bit by then.

recommended fees rate 583sats that's really too high for any bitcoin transaction I reduced mine to 183, but still yet to get confirmed. Hopefully, in the next 10 hours it'll get decongested.
2117  Other / Meta / Re: Can one use AI to correct grammatical errors? on: May 07, 2023, 12:59:41 AM
These tools most times, while correcting errors and syntax of our content, deduce the quality and readability of the article. Quite correct, it polishes the article and adds some flairs to it, other than using it to dictate few spelling errors, I don't consider such tools helpful anymore. When Writing, it flows according to your thoughts and how you arranged it, if a third party app begin to edit it, without proofreading it to understand why you added "why" in a sentence it'll flag the why as inappropriate and following its suggestions can complicated the readability of the article. Even I noticed on Grammarly that the readability score of my contents drops once I start editing my work on the site.  However, using an AI plugin that suggests a totally different syntax to rewrite what you've written can be scored as 90% AI written post when checked on AI dictator apps or sites. I think sites like Grammarly and similar ones as mentioned by forum members can be a better editing tool to the AI on your browser.
2118  Other / Beginners & Help / Re: More exchanges shutting down, Hold your Asset with You on: May 07, 2023, 12:45:04 AM
Maybe a stupid question, but I haven't used CEX for a long time (which is actually a good thing), so I'm wondering if their withdrawal services are more expensive now considering the situation, or is the fee fixed at some amount when it comes to Bitcoin?
I've used Kucoin and their transaction fee on BTC is about $14 and lesser when using their KCC network; $0.5 fees. It's one of the exchange with high fees, it's obvious they're doing this to promote their KCC network. And when using the kcc network to transact BTC the funds won't appear on a btc configured wallet except a bridge is used, and it's always hard to find a person that uses KCC network. Though, a method to follow through the kcc network to reduce fees exist, but it's stressful and may not worth it depending on the amount of btc you want to transact, so some trader will move ahead with the BTC assigned fee. https://coinmarketfees.com/exchange/kucoin



I agree that some will be discouraged by the current situation considering that we are used to paying fees of $0.50 and less, and now they amount to a minimum of $2 and up to $6 per transaction. I was hoping that the situation would calm down a bit, but now I see that we have over 300k unconfirmed transactions, and more and more "concerned" people who wonder if there is an end to this.

Aside from multiple uncomfirmed transactions, I'd say that miners are paying a lot on power fees and it could be a criterion that affects the high fees on bitcoin transaction. I mean how can Miners be supported if not through the fees?
2119  Bitcoin / Mining / Minners in Kazakhstan pay high electricity tax on: May 06, 2023, 10:28:57 PM
Kazakhstan is a well known bitcoin hub alongside countries like China and USA the country is a top ranked bitcoin mining country, they contributed to 13.22% of total bitcoin hash rate in January 2022. Same year, 2022, they passed a bill and made an increase on the electricity fee for bitcoin miners, which skyrocketed from $0.0023 per Kwh to $0.01. As of 2022 the country Kazakhstan generated 7 million dollars from bitcoin miners; 1.5 million in the first quarter. Hence, the fee is low for miners that use renewable energy; green energy. But, that doesn't work well on bitcoin mining. How can bitcoin miners settle the high rate of electricity bills channeled to them? Is it affecting bitcoin transaction fee?

https://cointelegraph.com/news/kazakhstan-collected-7m-in-crypto-mining-taxes-in-2022
2120  Bitcoin / Mining / Re: Is anyone else glad Bitcoin is calming down? on: May 06, 2023, 10:04:28 PM
It's so crowded today as well. It's been like this for maybe 3-4 days now. The transaction fee is very high at this moment. I have made a transaction with 5 sat/B, and it's been over 2 days. It's still stuck there. I don't want to spend more fees on them, so I'll just let that be there until things cools down. I don't know when that will happen, but these spike movements are making it hard.
Well nothing to do rather than waiting for it to cool down.

Last 2 days I paid higher fees $5 for a $20 transaction, I tried to adjust the fees, but considered how long it'll delay for the transaction to get completed. When I try paying with lesser fees the transaction would unexpectedly delay and I wouldn't like that to happen to some urgent transactions, so I don't have any option than to leave it that way. Recently, I think miners pay so much in tax and it could have affected the fees since they need those rewards to run their business. Though, I know that multiple transactions on the blockchain affects fees too, however, if I'm not in a hurry to get a product, I can set a lesser fee then wait till the transactions on the network becomes decongested such that miners can attend to payments with smaller fees.
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