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2161  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin doesn't have a bright future anymore on: February 13, 2022, 05:11:18 PM
What op's referring to is probably that the multiplier is decreasing. In 2017, Bitcoin went from $4k to $20k during the bull run, which is a 5x increase. But the most recent bull run didn't sent the price to $100k. And, needless to say, the multiplier was way bigger in the early days. This is all true, but it doesn't mean that Bitcoin doesn't have a future (a 2x profit is still good profit, and Bitcoin's future is also not necessarily only in being an investment). I agree Ethereum's a good coin, but its days of glorious multipliers are also behind, and I don't think it's too different from Bitcoin in this regard. As for less popular coins, it's always a huge risk to buy them and hope they'll rise.
That's probably OP's point, and I've also said it myself in the past too. I'm guessing that the moment of this thread is that it's deterring the average investor from entering the scene, because gains are pretty much limited. Supposing someone that bought 0.20 BTC, at $50.000 ($10.000 in value), selling at $60.000 would result in a profit of $2.000, which isn't bad, but there might be better choices in terms of ROI, such as Ethereum. On the other hand, I would have peace of mind with Bitcoin, which I always thought it was the safest option.
2162  Economy / Economics / Re: Sustainability in Bitcoin Renewable Energy on: February 13, 2022, 01:47:02 PM
...

Even with solar panels, there's lots of issues. They aren't life long, they need to be repaired and maintained, and their efficiency goes down by 1% every year. The only renewable energy source that has any chance at being sustainable is nuclear, but the environmental radicals won't that happen either.
My knowledge is pretty limited around the subject, thus I don't have any technical information, such as their efficacy, what maintenance they need, or how much time do they last. I've only heard that if it's not sunny enough, their efficacy dramatically drops, and you'll need decent batteries in order to keep up.

However, nuclear energy isn't actually a renewable energy source. While nuclear energy itself is renewable, the fuel it is required isn't. Don't get me wrong, I also support your opinion, nuclear energy is an efficient, generally safe and sustainable way to produce energy. Yes, there were incidents such as Chernobyl or Fukushima in the past, but technology rapidly progresses and learns from such mistakes.
2163  Other / Politics & Society / Re: Argument against vaccines quite flawed on: February 13, 2022, 10:43:06 AM
Most publishing sites are solely interested in information that would help them rank their site; they don't care what they're writing. Even if they lie in their content, they nevertheless rank well on Google. I believe we should report such websites to cybercrime to take action against the perpetrators of such falsehoods. I think that these falsehoods have a significant negative influence on bitcoin's image and community and that we may lose a large number of new investors as a result. This must be put to an end as quickly as feasible.
That's quite common with anything that's trending honestly, and the pandemic has been on the spotlight for the past 2 years now. You'll see it with pretty much anything, from Bitcoin when it's crashing, to vaccines, or anything which is a controversial subject.

For this specific reason, there are a few fact checkers that provide decent information and debunk such theories. However, it's still not that hard nor time consuming to conduct your own research.
2164  Economy / Economics / Re: Sustainability in Bitcoin Renewable Energy on: February 13, 2022, 05:03:41 AM
This is a very fine project. What I am afraid of is the cost implications of the project. If the cost of developing a technology that will trap the energy generated by Bitcoin to a renewable energy is higher than the cost to generate the energy, I think the project will not be sustainable.
It is a good thing that bitcoin mining farms should begin to chase green energy so that bitcoin will not be falling into the trap of governments.

Normally, you will incur high cost at the beginning of the installation of the equipment needed.
But in the long run, you won't shell out much money unless, there are some parts that need to be regularly changed or replaced.
So calculate of the possible ROI of the set-up, how many months or years do you need to run before you can get even with your investments?
If you think it is worth your effort, then do it. Renewable energy is our future to address one of the global concerns, which is climate change.
Maybe, as a miner, this initiative is one way to help this global problem. We should look for alternative ways not to contribute any more problem to the environment.
The initial cost of such an investment isn't as costly as it was a few years ago, for instance, you can now set-up solar panels for your house for a few thousand euros. Certainly, the ROI of such investment may not be that high, however, it's a lifelong one, and especially with the rising electricity costs, it's definitely worth jt.

Moreover, as technology progresses, the initial cost will also drop further, even if it doesn't, I don't think it's something worrisome, since it pays off in a few years.

In order to battle climate change, we'll have to cut down on using fossil fuels, wide adoption of alternative ways such as renewable energy will be vital for our planet's well-being.
2165  Economy / Economics / Re: Sustainability in Bitcoin Renewable Energy on: February 12, 2022, 06:46:55 PM
Certainly, electricity costs were always playing a huge role in Bitcoin mining, especially nowadays, with energy costs constantly climbing. Renewable energy sources will play a significant role in producing electricity in the next few decades. However, it sucks seeing that such technologies are yet to be widely adopted, with approximately 10-12% of the total energy produced stemming from renewable sources.
2166  Economy / Economics / Re: Why Inflation is a big problem for a country? on: February 12, 2022, 04:17:54 PM
Depends on how much inflation we're talking about, let's keep in mind that 1-2% rise is deemed healthy for the economy. On the other hand, the opposite of inflation, deflation deemed as catastrophic. Certainly, inflation has skyrocketed the last few months, rising 4-5% in average if I'm not mistaken (for European countries at least, it's about 5% in Greece), leading to price increases in most if not all goods available.

On top of that, electricity and fuels aren't included in that index, thus, the financial burden on the consumer is way higher.

Have I seen a difference in prices the last few months? Definitely, supermarket costs more, while I'm starting to notice price changes day by day. Don't get me started on fuel, a liter of unleaded 95 costs €1,90, which is something I haven't seen before myself (it also happened back in 2012 if I remember correctly).
2167  Economy / Economics / Re: Your opinion on side jobs on: February 12, 2022, 01:06:54 PM
I'm not considering what is which by the generated income, but accordingly to how much time I dedicate on each one of them. Despite the income factor, I'd still take into account its long-term stability.

For instance, a few months ago, I had three sources of income, one was my main job, one was my internship, which only required a few hours a day at most and the last but not least, Bitcointalk. Despite it not being a side job, it's still a decent, relatively stable side income, which is severely assisting in my financial stability.
2168  Other / Politics & Society / Re: Argument against vaccines quite flawed on: February 12, 2022, 06:52:21 AM
What's outstanding with Covid-19 vaccines is that thousands of people signed up for the clinical trials (of each company individually). Such participation has never occurred before, which is one of the main reasons these vaccines were developed so quickly. With other studies, researchers struggled for years to find enough participants, but that wasn't the case with Covid, people got united, together, trusting science in order to develop a safe and efficient vaccine.

While we're now possibly headed towards the end of the pandemic, let's not forget how serious the first strains of the virus were and how many deaths we suffered in the first wave.
2169  Other / Politics & Society / Re: Smokers are liable to die young on: February 11, 2022, 09:33:42 PM
I've only smoked once or twice in my lifetime, simply to see what this fuss was all about. Not only do I find it harmful for our health, but also an expensive habit, with an average cost of 4+- Euros per package.

I see a rising trend in people smoking, especially from younger ages, something which is definitely concerning. Personally, I'm never going to make smoking a habit of mine.
2170  Other / Politics & Society / Re: Can supplements be bad for you? on: February 11, 2022, 06:02:33 PM
First and foremost, anything in excess can be bad for you, especially if it's the only thing. What I mean is that suplements are called that for a reason, the are suplemental to a healthy diet. Now, when I see doctors saying that most of people get enough of it from food is extremly vague because how manny people have they survayed, for what vitamins, in what enviroments, so on amd so forth. So I wouldn't say most people get enough, I would rather say that it depends grom person tonperson, and before geting to any conclusions, if possible, have some tests done to see if you are deficient.
Most supplements, such as multivitamins, warn you that their usage shouldn't exceed 3 months at most. At least those I used to take warned its users. I remember this particularly from a multivitamin I was taking, Centrum Performance, which would often cause me tachycardia, after taking it for a few weeks.

Anything taken in excess can be harmful, especially if it's supplements that already have quite high dosages.
2171  Economy / Economics / Re: Are Renewable Energy sources the future? on: February 11, 2022, 07:47:57 AM
Kinda old post but I'll just share my opinion. I don't think renewable energy, in its current state, is enough to completely fulfill our current (and growing) energy demands. I'm convinced with the advocacy of switching to nuclear as a gap in the transition from fossil fuel to renewables. If we're mostly concerned about CO2 then it's definitely less polluting than oil or coal. Of course there's the issue of where to dump the waste and the fear of meltdown.

For the renewable, I'm not that hopeful with solar although for home use it is the most accessible (though I'm yet to find someone who was completely switched to solar, they just use it to cut down on their conventional electricity use). I think hydro and geothermal are the most efficient but they are limited by geography.

I recently saw a video from Nas Daily, about the Barakah nuclear plant in the UAE, if I am not mistaken, which is currently producing more than 1/4 of the whole country's electricity demand. Despite having awful examples in the past, Chernobyl, Fukushima and probably a few others, I also believe that their technology has vastly improved, by learning what went wrong during these incidents, and eventually in the future it could potentially be one decent solution against fossil fuels, along with forms of renewable sources, supposing we find a way to process nuclear waste safely.
2172  Bitcoin / Bitcoin Discussion / Re: Crypto Wallet Hacking through Telegram on: February 11, 2022, 06:46:24 AM
Hats off to you, for informing the community. Although I'm not using Telegram, I used to use Discord regarding some communities about staking and related services. However, I was disappointed to see that in every single group I joined, I received plenty of scam and phising attempts, one of which almost got me screwed over, which would result in quite a few thousands in losses.

As a result, I've resorted to stop using such services such as Telegram, Discord etc. due to the high risk they involve, regarding its users.
They are everywhere.

That's why I'm not using any of them but only for certain updates with things that I've been following. But when it comes to communicating with any of those platforms.

It's always the same people that have the same tricks of telling this and that and will lead you to their scam person and links. Although I'm aware of their scam, it's annoying that they randomly come.
Had a conversation a few months ago with an administrator from a Discord group, it was the one that I almost got scammed on. He told me that it's a common occurrence, a daily thing, even in their group, and quite a few people contacted him that day, to report the scammer, which led to thousands in losses.

I also dun goofed and inserted my private key on some random website which did look legit, but it was stupid to say the least. I'm still unsure on how I fell for it, however, I was one of the lucky ones, who after conducting such a stupid move, immediately moved any funds and unstaked any assets to a new wallet.

It was a horrifying experience.
Still an experience that will make you the others aware of these scammers and hackers.

There's no need for anyone to input their private keys to such websites if you're holding it in your wallet. It's like you folks being hypnotized online that made you do it.

But with the trick of making their website look legit, that's really one factor that makes people fall for it.
Such experiences teach us to be more cautious next time, while at the same time not trusting anyone on the internet, despite what platform it is. I'm still dumbfounded on how I actually proceeded and typed my private key, how could I be so foolish? I was tired and sleepy, however, I'm still trying to figure out what I was thinking. Fortunately for me, adrenaline rushed through my veins the moment I inserted the private key, realizing that it was a shady and fishy job.
2173  Other / Politics & Society / Re: A vaccine buffet. on: February 10, 2022, 08:52:14 PM

Also had a colleague at work who got his booster shot with Pfizer, after two shots of AZ. Unfortunately, the AstraZeneca vaccine and its recorded side effects cases also impacted vaccine credibility for a large amount of people, including anti-vaxxers who used it as a stepping stone to bash on vaccinations, based on a limited number of cases. Unfortunately, it could also have assisted in my parents not wanting to get vaccinated, despite them being over 50-60 years old, with a few underlying conditions.

Nowadays I'm thinking awareness is more important.
I don't think the vaccine helps. Because people are getting infected even after getting vaccinated. Just like you got infected from Coronavirus even after getting 3 doses of vaccine!!

In every country, the government is forcibly vaccinating almost everyone. But no one is thinking about the side effects that can cause great harm in the future, the only way to keep yourself safe is to keep your hands sanitized, keep yourself clean and use a mask.
Firstly, I never mentioned that I got infected while having 3 doses administered, I had two, while almost 7 months had passed from my second dose, if that matters anyway. Although, no one is forcing anyone to get vaccinated, whether we like it or not, vaccines have been proven effective, while there's no need to worry about these so-called future side effects.

While sanitizing and wearing a mask is part of being cautious, vaccines also provide precautionary safety measures, firstly, by decreasing chances of infection, and secondly, severely decreasing chances of death or severe illness.
2174  Other / Politics & Society / Re: A vaccine buffet. on: February 09, 2022, 06:47:14 PM
It seems the brands available did played a part in vaccine hesitancy.

This may have happened to an extent in my country (UK) too, where AZ was the main vaccine, but became the subject of media scare-stories (driven in part, I'm sure, by some understandable anti-UK sentiment coming from the continent).

This has led to a situation where many people here are mixing vaccines. My first 2 shots were AZ, but the booster was Pfizer. I didn't have any choice over this, the decision was made for me by the NHS.

Interestingly, there are studies* that suggest a mix-and-match vaccine buffet may confer greater protection than staying with a single manufacturer.





* Anti-vaxxers take note: the Professor Snape in this video is not the character from Harry Potter.

Also had a colleague at work who got his booster shot with Pfizer, after two shots of AZ. Unfortunately, the AstraZeneca vaccine and its recorded side effects cases also impacted vaccine credibility for a large amount of people, including anti-vaxxers who used it as a stepping stone to bash on vaccinations, based on a limited number of cases. Unfortunately, it could also have assisted in my parents not wanting to get vaccinated, despite them being over 50-60 years old, with a few underlying conditions.
2175  Bitcoin / Bitcoin Discussion / Re: Crypto Wallet Hacking through Telegram on: February 07, 2022, 07:17:21 PM
I have heard that a lot of crypto wallets are hacked through Telegram. Personally, this is why I don't use Telegram.
I think too many bad actors are looking for ways to exploit Telegram users. For social media, I only use Facebook and Instagram because I have heard of less incidents of hacking on those platforms.
Less incidents on fb and ig? But, how come when facebook and instagram are two of the most famous social media platforms today? Hackers go on a place where its crowded because its going to be easy for them to get a victim. Telegram is also a famous messaging platform and crypto people are using this the most, no wonder why this was invaded by the crypto hackers and not to mention that the amount of spam on this messaging app is too much but that can be fixed.

You can also follow what is posted by the op and you will have a less fear of using telegram. Having a spare device is helpful and you must separate your main device where you store you crypto wallets and other important stuffs.
Facebook isn't the website you'll get your cryptocurrency wallet breached, at least such scams don't happen that regularly, compared to Telegram and Discord. Yes, Facebook (I don't use Instagram) is filled with spam, fake contests or fan pages, while there are quite a few incidents of viruses spreading through Messenger, due to some idiots opening links "Is that you on the video, www.randomviruslink.com", but I highly doubt that such attempts are directed towards crypto scamming.
2176  Bitcoin / Bitcoin Discussion / Re: Crypto Wallet Hacking through Telegram on: February 07, 2022, 12:24:20 PM
Had a conversation a few months ago with an administrator from a Discord group, it was the one that I almost got scammed on. He told me that it's a common occurrence, a daily thing, even in their group, and quite a few people contacted him that day, to report the scammer, which led to thousands in losses.

I also dun goofed and inserted my private key on some random website which did look legit, but it was stupid to say the least. I'm still unsure on how I fell for it, however, I was one of the lucky ones, who after conducting such a stupid move, immediately moved any funds and unstaked any assets to a new wallet.

It was a horrifying experience.

You need to be careful and very attentive, because scammers are constantly coming up with new ways of deception. In the telegram settings, you need to disable the automatic download and installation of programs, because in this way you can install a malicious program that will give scammers access to your wallets. Never be in a hurry, always check and think a few times.
That's the main reason I don't join groups anymore, Discord, Telegram, whatever it is, except it's an emergency or need specific assistance, which is rare. Anyway, the internet is full of scammers, so it's not surprising that they also appear in cryptocurrency groups, however, they seem to be more common in groups regarding tokens and staking platforms (Beefy, Supra Finance etc.).
2177  Bitcoin / Bitcoin Discussion / Re: Crypto Wallet Hacking through Telegram on: February 07, 2022, 07:35:03 AM
Hats off to you, for informing the community. Although I'm not using Telegram, I used to use Discord regarding some communities about staking and related services. However, I was disappointed to see that in every single group I joined, I received plenty of scam and phising attempts, one of which almost got me screwed over, which would result in quite a few thousands in losses.

As a result, I've resorted to stop using such services such as Telegram, Discord etc. due to the high risk they involve, regarding its users.
They are everywhere.

That's why I'm not using any of them but only for certain updates with things that I've been following. But when it comes to communicating with any of those platforms.

It's always the same people that have the same tricks of telling this and that and will lead you to their scam person and links. Although I'm aware of their scam, it's annoying that they randomly come.
Had a conversation a few months ago with an administrator from a Discord group, it was the one that I almost got scammed on. He told me that it's a common occurrence, a daily thing, even in their group, and quite a few people contacted him that day, to report the scammer, which led to thousands in losses.

I also dun goofed and inserted my private key on some random website which did look legit, but it was stupid to say the least. I'm still unsure on how I fell for it, however, I was one of the lucky ones, who after conducting such a stupid move, immediately moved any funds and unstaked any assets to a new wallet.

It was a horrifying experience.
2178  Bitcoin / Bitcoin Discussion / Re: A little reminder why Bitcoin is necessary on: February 07, 2022, 04:32:50 AM
Most services mention that in their TOS, even those who have nothing to do with financial businesses, such as PayPal, Western Union and so on. Thus, I don't find it a reasonable argument. However, I never faced any significant issue with PayPal or eBay, on the contrary, they backed me up in a few cases of being screwed over, or when I once had my account compromised, while my family and I've been using them for over 10 years.

I don't think there's a reason to compare Bitcoin and services such as PayPal, it doesn't lead anywhere nor is it a rational comparison.
there will never be a real reason to compare Bitcoin and services with paypal, because it is irrational. Because Bitcoin and paypal services are very different. Bitcoin is decentralized whereas paypal has clear rules. the limitations provided by paypal are rules that inevitably must be followed if you want to use paypal.
Still, there are quite a few users who frequently compare cryptocurrencies with financial institutions. It's not only pointless, but incomparable. Whether we like it or not, even if Bitcoin's adoption becomes widespread, such services won't be replaced, and we'll be stuck using them no matter what. To be honest, if I'm making a purchase from a foreign country, I always use PayPal, due to their safety features.

Such arguments are invalid, especially for services that have proven their worth throughout a long time period.
If everything you guys was about what the OP pointed out, I believe there's still reason to compare Bitcoin liberation with Paypal centralized service especially now that Paypal offers Bitcoin buy/sell services to people and some crypto enthusiasts may be a victim of what the OP stated.

It is not about Paypal being a financial institution.

Although PayPal has integrated crypto purchases, like you suggested, it's a financial institution, similar to Revolut, which also offers the ability to buy/sell crypto within their platform, and for that same reason is why these services are not decentralised, like OP mentioned. Because they are simply financial institutions, and that's why it's pointless to make such comparisons, despite sharing some cryptocurrency features.
2179  Bitcoin / Bitcoin Discussion / Re: The difficulty of explaining Bitcoin to people is massive on: February 06, 2022, 07:59:14 PM
This is actually the reason I refrain from talking about Bitcoin and cryptocurrencies in general. Not only that, but also, I prefer not to explain in detail how I've made money from it, how much I've made and having to answer similar questions. I'm not keen on talking about my finances. Most people won't understand, and the conversation eventually turns to the point they are putting pressure on you, to teach them how to make money with Bitcoin, being unable to understand that it's not that simple.
2180  Bitcoin / Bitcoin Discussion / Re: A little reminder why Bitcoin is necessary on: February 06, 2022, 06:09:56 PM
Most services mention that in their TOS, even those who have nothing to do with financial businesses, such as PayPal, Western Union and so on. Thus, I don't find it a reasonable argument. However, I never faced any significant issue with PayPal or eBay, on the contrary, they backed me up in a few cases of being screwed over, or when I once had my account compromised, while my family and I've been using them for over 10 years.

I don't think there's a reason to compare Bitcoin and services such as PayPal, it doesn't lead anywhere nor is it a rational comparison.
there will never be a real reason to compare Bitcoin and services with paypal, because it is irrational. Because Bitcoin and paypal services are very different. Bitcoin is decentralized whereas paypal has clear rules. the limitations provided by paypal are rules that inevitably must be followed if you want to use paypal.
Still, there are quite a few users who frequently compare cryptocurrencies with financial institutions. It's not only pointless, but incomparable. Whether we like it or not, even if Bitcoin's adoption becomes widespread, such services won't be replaced, and we'll be stuck using them no matter what. To be honest, if I'm making a purchase from a foreign country, I always use PayPal, due to their safety features.

Such arguments are invalid, especially for services that have proven their worth throughout a long time period.
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