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2181  Bitcoin / Bitcoin Discussion / Re: How we can introduce bitcoin to local people on: January 05, 2020, 12:42:28 AM
One day, I think to myself about how to spreads bitcoin to other people. After I create threads https://bitcointalk.org/index.php?topic=5191717.0, I see many of us don't try or don't have time to come into a gathering or make a meetup. So how we can introduce bitcoin to local people in our country if we are not trying to tells them about bitcoin? I know that will related to the regulations in every countries but we can introduce to our close friend so they will spread it into their closest friends too.

And if this is succeed, I think cryptocurrency will grow step by step. I know we can spread bitcoin online, but that doesn't mean all people in your country are aware of bitcoin. How they can know bitcoin if they never use the internet to search the news while we can tell them about bitcoin and another coin by offline.

When i get the chance, i will get or print a BTC T-shirt. Even a small logo could make a difference. Or perhaps a baseball cap, or some other thing i can have the logo, a sticker for a laptop, etc.

Maybe add a message below the logo something like: "In Code we Trust" or something related to Bitcoin's characteristics.
2182  Bitcoin / Bitcoin Discussion / Re: Craig Wright claims , today will be the last day for Bitcoins. on: January 04, 2020, 11:58:16 PM
Technically there is no point in discussing his claim. This guy has no technical knowledge of bitcoin but all credit goes to members of this forum including me for making this faketoshi so popular. We all know he has done nothing and he is only doing this to get popularity nothing else.

Especially because its 4 days later and things seem to be working normally. He lied, as usual.

Faketoshis being faketoshis, want attention. Maybe they earn some coin with views and social media exposure, who knows.
2183  Bitcoin / Bitcoin Discussion / Re: Thoughts about Bitcoin adoption on: January 04, 2020, 11:45:19 PM
I think that if we talk about mass adoption, it should mean that Bitcoin is largely recognized as a payment method. So I'm talking about the reality where you don't have to look for specific stores to use Bitcoin but can go to your regular ones and use Bitcoin to pay for groceries. I know, scalability. It's indeed a serious problem. Is the Lightning Network the only solution? Is it even a realistic solution?
Here's what I thought about to address the issue of transactions getting confirmed slowly. How about not waiting for them to get confirmed? When a person uses a debit card to pay for food, it's not like the transaction actually get's processed and the money is sent right away to the store. No, this process takes about a day or two, I've learned that about half a year ago when there was a mistake with a transaction. The money is blocked by your bank, and you don't see it anymore, but it's actually still there. So how about accepting that a person paid the moment after this person hit the 'send' button on the screen or something like that? What are the odds of a transaction not getting through eventually (if a person paid a normal transaction fee, of course) and being returned back to the sender's wallet? Is that happening that often that shops would not be able to take those risks?
Now, I realize it won't solve all of the problems, because if there are too many transactions that are being put through like that, the number of unconfirmed transactions will be building up. However, I think it could be a solution for a less significant adoption step or as a temporary measure. What do you think about all that?

If the merchant trusts you and gives you credit, you can already do that. Same as if he were to accept a wire transfer later from you. Alternative if the shop has online presence, you could buy online and then retrieve physically (or use delivery).

If the merchant trusts you he could also just accept your unconfirmed transaction. And i know there is a way to make a receipt of sorts no idea what its called, but have seen it appear in Electrum when paying Bitpay while there is still no confirmation.

Absolutely sure you can do things without LN. A bar can keep an old fashioned tab for example. Just think of any arrangement you would do if a wire transfer was needed (your cards don't work, you are without cash, whatever).

Perhaps someone will make some killer app for merchants, like the Chinese have with their weird electronic money (pre gov), and give them ease to accept Bitcoin.
2184  Bitcoin / Bitcoin Discussion / Re: I took a photo of my wallet seed with a 35mm camera on: January 04, 2020, 11:30:50 PM
Today I have without thinking snapped a photo of my Bitcoin wallet seed with my 35mm camera. I have some important shots on the roll, so I can't just pull it out of the camera (which will destroy not only seed, but the rest of photos as well).

Don't be fool and write the seed words down. Its nice that you have this "analog backup", but make sure to secure it as well. You can use micro film fwiw and still need to carefully protect it.

I hope you always remember to never hand that film to third parties... Good thing developing shops have mostly disappeared.
2185  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin fail if Satoshi is found? on: January 04, 2020, 11:20:52 PM
It's now 10 years since Bitcoin was created, yet many people are wondering who Satoshi Nakamoto might be. It's still today, where the creator of Bitcoin has hidden his/her identity well from the general public. All attempts in finding who created the world's most popular cryptocurrency have failed so far. But we all know that there's no such thing as 100% anonymity. A slight error in covering tracks, could expose your identity within the mainstream world.

Now, imagine if the real Satoshi's identity is found. If he/she is still alive, governments would be on his/her tail to put him/her in jail or even pay a hefty sum of taxes. Once this happens, Bitcoin might fail within the mainstream world. Of course, the community is what makes Bitcoin great. But I'm sure that the reveal of Satoshi's identity will have an influence (either positive or negative) over the cryptocurrency's price and reputation worldwide.

What are the odds of Bitcoin's survival once Satoshi is found? Will it continue to operate as is? Or will it fail in the long run? Huh

No, Bitcoin is not in control of Satoshi, he cannot stop Bitcoin even if he/she/they wanted to.

A slight correction: Bitcoin is currently 11 years old. It started (main net running) Jan 3 2009.

BTW this is the case with all Free and Open Source projects. You cannot stop Linux if you get rid of Linus Torvalds (the infamous "what if a bus hits Linus" argument). With Bitcoin is even better, as Satoshi stopped any developing of it in 2010, and the project has continued without him/her/they.

A decade later nothing has happened, i don't expect anything in the next decade either. If some (or all) of the current core devs disappear, the project would slowdown updates until others take control, but the network would go on just fine. Other projects are less popular and often a 1 person show, those tend to be harmed the most. But Bitcoin has several people involved.
2186  Bitcoin / Bitcoin Discussion / Re: Bitcoin and deep web on: January 04, 2020, 11:05:30 PM
Hello!

so i recently heard about the deep web, how it uses bitcoin and how the transactions made there are anonymus. to my current understanding of bitcoin every transaction is written in the blockchain and is known and can be seen by anyone. so my question is where is the anonymus transaction written? and why can't you see it?

All transactions are public, they go to the blockchain.

You can connect anonymously to the blockchain, by using a node running as a Tor Hidden service. If you don't reveal your address to nobody, no one can tell it is yours. If you use Tor to connect to Bitcoin network, for broadcasting transactions etc, no one can tell you are using Bitcoin. They can only tell you are using Tor or just an encrypted connection when properly obfuscated (obfs4 bridges).

Download and boot Tails, install/open Electrum and configure it to use Tor (if not already), done.

Don't call it "deep web" (i hate when they invent those stupid terms), because what i described does not involve "the web" at all.

If your country has banned Bitcoin, this is the way to go. And don't de-anonymize yourself by making it possible for others to correlate your address to your real person identity.
2187  Bitcoin / Bitcoin Discussion / Re: Affection of World War III to Bitcoin? on: January 04, 2020, 10:54:35 PM
What's going to happen to cryptocurrencies or specifically bitcoin if World War 3 is going to happen? That's the first issue I think pop-ups because of a lot of headlines about the US-Iran war.

The government will usually focus on manufacturing in war materials in the war culture, and most likely some countries' economic status will go down and some will go up.

I think this war's effect for the cryptocurrency is when the war ruined the internet, which is the global network, where even the cryptocurrency is reliant on most citizens. Most of the business we're running on the internet today, all of the company's important files are also uploaded to secure internet storage. The internet is the most powerful invention and most of the devices today rely on the power of the internet. Due to the internet, even the blockchain network is processing because there is no possibility that the chain network will run on its own without the internet.

I'm not finished yet...
Basically, if there's a war, most people will die, do you think they're going to end up thinking about their cryptocurrency investments? No!
The importance of cryptocurrency at that time will actually fade and the market will fall. All of the people will just worry about the biggest problem which is the war.
Okay, all this was my view only when the US and Iran have a massive war so what's yours?

You seem to ignore the fact, that Internet was specifically built to withstand a nuclear war. There is no single point of failure, there is no specific target you can hit to "stop" internet. Sure you could cripple it down, but it would be restored.

Bitcoin will keep working as long as there is a node running somewhere. I agree Bitcoin needs the internet, for the most part (it IS theoretically possible to make it work in another network), but i don't agree a war, and much less a war between two countries, can "destroy" internet. Iran cannot harm America, at least not to the point of total annihilation, but America can subjugate Iran at great cost.

Suppose you magically disappear the USA an IRAN, does Internet stop? NO. It would slow down, but it would be restored. Same with Bitcoin. Of course it will suck to the people of those countries, especially the ones getting bombed, but after its over things will go back to normal. You can take a look at Iraq, which was the place were this latest event occurred.

If these two countries go to war, most of the world would be unaffected. Heck my country has more relations with Iran than the USA, yet we have zero capacity to intervene militarily in anyway (and Trump would love the excuse to bomb us as well, as he promised but never did).
2188  Bitcoin / Bitcoin Discussion / Re: Who is buying Bitcoin in Iran? on: January 04, 2020, 10:00:49 PM
Apparently the price has trebled on the local Bitcoins market. So is it rich people trying to preserve their wealth, or is it people using it for everyday purchases? Mohammad Reza Pourebrahimi, chairman of Iran’s economic commission, has stated that more than $2.5 billion has been transferred out of the country via Bitcoin. Will this be the primary function of Bitcoin as we creep towards World War 3?

It could just be average citizens afraid that their local currency is going to tank because of possible war or economic sanctions. From what I remember from Venezuela there was a lot of regular citizens buying up bitcoin when their economy went tits up after hyperinflation set in. Maybe people in Iran are just using bitcoin to easily get their money out of the country as I'm sure it's much easier to do than the other cash alternatives which I'm sure a lot of them have already been restricted by the US.

I know that the second most important man of Iran, just died yesterday in that attack.

Is that true? I thought that he was the public head of a covert operations section, and not that important. They seem to have replaced him pretty quickly, and expanded the department, so it looks as if once again the US has shot itself in the foot. It was an orchestrated move according to John Bolton, and not the preemptive strike that the media reports. In fact it was really the murder of a diplomat attending a planned and well reported meeting in a foreign sovereign state, and many see it as yet another example of US terrorism.

The media was basically kind of saying that's he's essentially the second most powerful man in Iran, but not sure how accurate that is. I guess being the head of the military is a powerful position but it's not like it's just one step down from the president.

If i were to guess, these are traders taking advantage of the situation. Of course there are also people trying to preserve their money, and if the Iranian government is doing it, it would be an incredible precedent. Trump might find an excuse to hate Bitcoin even more.

Most Venezuelans were already poor once hyperinflation "hit", those large movements are from traders many of which don't even live in the country. So i can safely guess the same thing is happening in Iran. Sometimes foreigners rent bank accounts from locals for their trades. And yes, distortions often cause incredible local spikes in price, which would let you make a lot of money if you have the needed connections. ie: a bank account in the country, knowledge of local rules (bank limits), local contact etc. Yes there could be some rich people too, and some gov people its a free market after all. That's the beauty of a State-less economy.

Please note that its actually incorrect to say money is getting in or out certain physical place. If it becomes bitcoin, it is bitcoin everywhere. Bitcoin is border-less, once you change your country's fiat into Bitcoin, you have gained a worldwide asset. So rather than saying the money leaves Iran, you could say the money enters Bitcoin. It can still be used inside Iran at any moment, unlike doing the same with forex or some foreign bank account. The difference is huge if you stop to think about it...

Iranians buying bitcoin are not really taking the money out of the country, but they are saving it from both the country (Iranian State) and the potential aggressor/invader (see the military command economy they imposed to Germans after the fall of the 3rd Reich). This is one more reason why Bitcoin is so valuable rather than some physical asset that could be seized or destroyed, or a fiat that could lose all value overnight.
2189  Other / Off-topic / Re: Do you want to learn Russian for free with a native speaker? on: January 04, 2020, 05:47:44 PM
But I'm not an american english, I'am Indonesian people

So sorry, but I need an American language accent Smiley

And why not British of somewhere else? Even if you get an accent, Americans would understand you. Besides no matter where you learn it from, your own Russian accent will permeate. Maybe less with more practice, but still will. Does it get in the way? Who cares as long as they understand you? This is a global world, it might even be best to get an "India" accent, if you want to fluently use "American" call centers (they outsource to India) Smiley

Alternative you could stick to American media, ie. TV, and try to repeat what they say in their very own accent. Oh, and do you know, within the US there are several different accents? You want to speak like a Texan, or Brooklyn? More fun is you get minorities there adding their own accents. In the end it might be futile to look for an "American" accent.

Vocabulary i agree, American vs British can be, tricky. But its never bad to learn both (and i admit mixing them sometimes lol).

Your garbage is rubbish, or the other way around Smiley
2190  Other / Off-topic / Re: Insurance / other places Finland= bullshit me. on: January 04, 2020, 05:33:08 PM
Hey,

Insurance and other sectors bullshit on me, in Finland. Vacuum cleaner 60 euros and washing machine 300 euros+inculde shipping! The most expensive places to buy. I don't get anything on that. That`s why im planning my own business, you don't need more than pay taxes and forget that bureaucracy and democracy bullshit. Angry

Oh and what is the average wage over there? Or what a construction worker or the like would earn in a month?

In richer countries, everything tends to be more expensive, but people ALSO earn far more. If you start measuring in, the % of your salary the thing costs, you will get a different perspective.

I will try to refrain from using my country (or the rest of "3rd world"), because it would screw everything, so lets focus in your nice "1st world" countries. Just how many months of work would you need to buy, say, a car?

Is importing from a cheap place like China not possible? Does your country impose protectionist practices such as import tax? But then again, do you get your State providing you "free stuff" such as Education, Health care and security?

Did you know, that countries like yours (Ie. Scandinavia) are THE MODEL everyone in the poor countries aspire to, but give up as an impossible far fetched dream? (i don't agree but that's what the politicians around here project). Often when you challenge a Socialist, they will bring one of the Scandinavian countries as example. OH and things like the best education figures coming from there doesn't exactly help either Smiley

To us, its like you live in Utopia and you complain because things are much too nice, you want to suffer some more. We call it "1st world problems". Solution is easy: Move into another country. You can do it, you are welcome everywhere. We are not welcome there, people from poor countries have serious obstacles for legally entering "the nice" countries, which is why you always see illegal immigration.

If you execute your idea, you are doing exactly what in free market you are supposed to do. You found an opportunity, and are going to exploit it. Over here, the State would prevent it, thus our economies remain in perma-ruin.
2191  Other / Off-topic / Re: Increasing real instagram followers on: January 04, 2020, 05:20:09 PM
Hi,
Guys what platform do you suggest for increasing real Instagram followers?

Is there still some robot kind of thing sites that follow and unfollows the targets or send comments...

Please send me the sites that are still working after the Instagram update based on your experiences.

Thanks.

I'm sure you can find those in the service section (or somewhere within Marketplace). Remember that the people offering the services don't necessarily use robots there could be from human farms doing the exact same thing.

So even then "they update the algorithms" they get defeated. unfortunately this also makes things worse for regular users. Its like captcha, its an incredibly waste of money and time. sure, it increased the costs for automated things, but automated things still occur. Unfortunately the most affected are us when the idiot captcha server decides to take a hike (or gets DDoSed, whatever).

And, this also means that "followers" and "likes" are a giant lie full of garbage. Same as buying an account in a place where experienced accounts take real time and lots of effort (such as certain online communities or games). What this does is just increase the price, but not stop the practice.

Yes i suppose making it more expensive reduces it somewhat, but perhaps the real solution lies elsewhere. Imagine if Instagram never showed the number of followers? Oh well, i don't like social platforms anyway.
2192  Other / Off-topic / Re: Crypto Resolutions 2020 on: January 04, 2020, 05:12:16 PM
Happy New Year Everyone!!

2019 was an amazing journey with ups and downs in the crypto market. New year started, so I am setting some resolutions for this year.

  • I would like to earn some Bitcoin with my savings.
  • Buy products with Crypto
  • Pay someone in Crypto
  • Travel to places with Crypto
  • Increase my portfolio by buying different cryptocurrencies

These are my resolutions for this year. What are your crypto resolutions for this year?

Hope everyone achieve their resolutions in this year.

When you buy a product with "crypto", are you also not paying someone? These look redundant.

"Travel to places" i suppose this might mean purchase of plane ticket, or do you mean the expenses such as hotel etc?

Bitcoin is the only one that matters. Feel free to gamble with the altcoins, but don't expect miracles, or preserving their value...
2193  Other / Off-topic / Re: Average cracking time of Denuvo games is now 75 days on: January 04, 2020, 05:04:54 PM
The average time it takes to crack a denuvo protected game is now 75 days.

I can't post a image but here is a link to the chart.

History repeats itself. Copy protection started with Personal computers, especially after Bill Gates told programmers in the late 70ies to stop getting robbed for not charging money per copy...

And ever since this started, cracks also occurred. The net effect ends being an inferior experience to those that want to "play fair" (product activation, dongles, restricted to one or few devices, etc) vs those that make or find the crack.

Funnily enough, some software survived the test of time BECAUSE of the cracks. Some games were declared "Freeware" much later by their authors, long after they lost the source code or the ability to remove the copy protection scheme implemented in them...

Consoles also have a long history in this regard, with various consequences. There is a proven correlation in the success of a console and the possibility for said console to play "backup copies". Even if this is never officially talked about anywhere.

Its like your smartphone, the company that sold it to you does not want you "rooting it", but your appreciated value for it changes radically depending if you can successfully root it or not (freedom).

This also reminds me of game modding. Some games are unmoddable, they might have some value, but it isn't the same as a game that has mods or so called total conversions. Its like you are getting several games in one. I remember once purchasing a game, not because of its bundled content, but because of its large modding community. Indeed i didn't even bother with that game content much, but spent countless hours with community content. To an extent, its similar to Free and Open Source software vs Proprietary closed.

History teaches that the only good copy protection is no copy protection at all. This could be a reason of the surge of so called "freemium" or "free to play" games, this way they can avoid the issue entirely.

I have no idea what Denuvo is, but i remember reading the exact same news about previous (back then new) consoles. Is this a Google console, or a Google shop? It seems google failed to do proper research. Oh and proclaiming that you have "the best" protection, is a declaration of war to the world. You ARE going to get cracked...
2194  Other / Off-topic / Re: Why did Craig Wright say that bitcoin can't reach $20K? on: January 04, 2020, 04:46:42 PM
Sadly there are still people that take his words seriously and lately there's another failed forecast from him about the destruction of bitcoin.  Grin
‘Fatal flaw’ set to destroy Bitcoin on Jan. 1, according to Craig Wright

This guy is now literally a conspiracy theorist who really wants to destroy bitcoin cause he's probably jealous that he didn't get rich out of it. He probably hates Bitcoin Cash too since he forked it.

And then he shills his own coin by saying that Bitcoin SV will become $1,200 by 2021. Good luck when your coin has been delisted from major exchanges  Roll Eyes

Hmm i wonder whatever happened to the "fatal" flaw. Attention whore is attention whore. He could join, i don't know McAfee or the likes. Besides he outrageously proclaimed himself Satoshi, without proof of anything.
2195  Other / Off-topic / Re: What is the impact of WW3 on Bitcoin and Crypto? on: January 04, 2020, 04:40:48 PM
The WW3 trending topic on Twitter after U.S airstrike kills Iranian General Qassem Soleimani by direct order USA President Donald Trump.
What will happen with Bitcoin and Crypto if World War 3 begins?

Why do you even call this "World" war, who else is being involved besides US and IRAQ(N?)

I had an acquaintance that proclaimed WW3 started at 9/11, however after that we just saw the US bombing Afghanistan and later Iraq, maybe there was some NATO support i forgot at this point.

This last event just looks like more of the same. Too many years without bombing someone somewhere is maybe bad for military weapon business, besides the US needs to get rid of old stock.

I don't even know who that guy was or why Trump ordered his assassination. When i learned about this "news" i was more or less: "The US as usual". Don't involve the world in American matters.

I'm sure i answered your question somewhere already, but in case you wanted it here, the answer is: Nothing. Bitcoin is unaffected by the economies of the involved parties. In fact you could say Bitcoin is unaffected to the World's economy, unlike fiat coins. So there could be more demand when the world economy struggles, not unlike precious metals, but that happens with or without wars anyway.

Some could say wars fuel the US economy, so Americans might want to sell their coins to invest in military weapon related companies. The Iranians or Iraqies would go into Bitcoin maybe to keep their purchasing power, if their country is attacked their (already bad) fiat would plummet. And its very convenient in case they flee the place.

In the meantime the rest of the world will continue business as usual, and not get involved. So calling it "World war", is arrogant at best. Indeed, the "World" doesn't spin around the USA.
2196  Other / Off-topic / Re: Mobile Banking vs. Traditional Banking - Which do you prefer? on: January 04, 2020, 04:27:40 PM
Mobile and internet banking has made our lives easier.

No need to go for queues and be impatient about the long line. Very quick and easy, with just few clicks away from your home, you can transact, pay everything you want and even deposit to your other accounts.

Yes, and dealing with the "security measures" of internet banking are a PITA. Maybe yours is dreamy, but ours we get nagged with periodic password change, a special code sheet required for certain operations, the idiotic page kicking you after 60 seconds of inactivity, copy and pasting someone's account, name, id number etc. Be unable to pay service a in bank b, once i had a bug where i transfer an amount to my self and the thing decided to do it 3 times until it used all the money (thankfully it was to myself and not somebody else) when these kinds of thing happen, you are supposed to go to the bank to complain.

Its nice when you can avoid the queues, but not so nice that you have to use a bank in the first place. My country became cashless by force (of inflation) so people depend on debit cards (because credit cards stopped). I have done bitcoin transactions, and i would rather not bother with banks ever again.

Besides when you have to open a bank account, is not a pleasant experience. There is no need for any of this with bitcoin. Did i mention how long it takes to transfer money to yourself to another bank where you also have an account? And people complain about Bitcoin being slow... And then there is theft. Well when my country's coin went worthless, these stopped as the robbers no longer consider it worth it, but it used to be common to point a gun to someone and force them to withdraw all from an atm, or clone their debit card and capture their pin at the atm, or clone the debit card at a shop after you made a purchase (since they already got your card and pin).

Banks, i don't need. Fractional reserve banking, even less. Banks only started (openly) doing fractional reserve by the 20th century, when coins stopped using precious metals, they didn't just became paperweight physically, but also in value. But few people know the truth about banks and fractional reserve, and some fools even think the banks keep their money safe.

Answer: I prefer Bitcoin, screw banks, mobile or not.
2197  Bitcoin / Bitcoin Discussion / Re: Bitcoin Market Is Manipulated on: January 04, 2020, 04:06:51 PM
Bitcoin price is determined by the few whales who happened to hold since the early days. If they want they can pump BTC to 1M $ and if they want they can dump BTC to 100$.
Doesnt matter who you are, A BTC holder or a daily trader, whales control BTC price.
What I mean by whale? The person who have more than million Bitcoin.
Bitcoin technology is great but Market is compeletly different story.

Their manipulation is limited, much more than you think. Try to think, what would happen if one wanted to sell 1M BTC?

First, its not possible to do in a single operation, every tiny little operation will affect the price.

So as the sell order is placed, people would start buying pieces of it lowering the price, the other sellers in the market will adjust so the whale would need to as well, again and again and again until the whole 1M gets sold. This is not instantaneous. Even if he started selling at 7k, who knows what price it would reach on average at the end.

You think he can just buy back again? The same process repeats in reverse, you will probably end losing more than having done nothing.

Market manipulation is not as magical as some people seem to think. And yes, whales have tried, and failed.

Dump to 100$ is nearly impossible at this point it would take too long and the rush to buy back those coins would simply not allow it to reach that low. Again, you cannot just sell 1M BTC in a single operation, ignoring the legal formalities.

The free market is incredibly reliable, far better than any sort of State intervention. Pump and dump is something a whale may pull out with a little new altcoin, perhaps even in the very beginning of bitcoin, but not anymore.

Suppose all Satoshi coins are put for sale, that would still not be enough to "crash" Bitcoin, it simply doesn't work that way. The cheaper it gets, the higher the pressure to buy.

Market manipulation exists, but its much more limited than you think, thanks to this thing called "peers" (everyone else) it does self regulate itself. Especially when its something highly wanted, unlike some obscure altcoin.

Pump Bitcoin to 1M? There is just not enough money in the world for that. If you do your homework, you will notice that each "pump" and "dump" cycle is less and less % of Bitcoin's price over time, as the coin gets in the hands of more people, their manipulation ability shrinks. Of all the coins out there, bitcoin is the less manipulable, which in turns makes it more trusted. Maturity they call it.

The problem with some theorists is that everything works by magic inside their minds. Such as a perfect State controlled economy devoid of the "Evil" market forces. Until you try it, that is... And their arguments against the free market are just as absurd. If you are afraid of the free market, go ahead and move into one of the last "socialist" countries, see if you like living with a couple of USD per month, no healthcare, no education, no security, rampant corruption, shortages etc...

The freedom of bitcoin price ensures that, whatever price it has at any given point, it is a "true" price. Peg a coin artificially to any arbitrary price, and all you do is build pressure against a dam waiting to overflow... And once it does (and it will) it will take everything on its path...

The only alternative to freedom is even more freedom. More exchanges, more decentralization, etc. Speculate all you want, doesn't mean you can pull it out outside of your mind. But the fact that you can, is what ensures everything works. The moment the State intervenes, everything starts breaking apart. Luckily, bitcoin is immune to state intervention, which also gives you the freedom to, go ahead and try manipulating the market, see how long you can get.

I am absolutely sure, even if all whales tried selling bitcoin right now, it would still not crash it. A bit of fluctuation and a lot of action, yes, but never destruction as you claim it. Bitcoin is simply too useful for too many to fail like that, its only inside your imagination.
2198  Economy / Speculation / Re: Does proof of key event have any effect on Bitcoin price? on: January 03, 2020, 10:41:44 PM
The price of Bitcoin gained resistance against many things. In the past, systemic events were very important for bitcoin. But bitcoin has been on this market for 10 years. Bitcoin proved itself. Only a full integration of a technology like LN is needed for a new era. The price of bitcoin is unfortunately in the hands of speculators.

You know, i don't really expect LN integration to do much. In my opinion LN will not get wide use, its more a publicity stunt. "Hey we can do unlimited transfers per second now", yeah but there really is no need to.

Also, the price of bitcoin is in the hands of the market. This is a blessing, it is very fortunate, that no State or company is artificially pegging it only waiting for it to explode. The longer in the market the less "manipulation". This is a consensus of price on a global scale, it means freedom.

Bitcoin is slowly finding its price, and will fluctuate less and less overtime, as it has been doing so in all its history.

Because more and more people own bitcoin, speculation moves it less and less. This is maturity. You can still do such things with altcoins, but with bitcoin it is less and less so.

Bitcoin fluctuation is a sign of freedom, if you are a holder, you shouldn't care, just wait it out. If you are a trader, then use your knowledge to profit from it.
2199  Bitcoin / Bitcoin Discussion / Re: South Korea untaxing Investor's Profits on: January 03, 2020, 04:21:02 PM
This is such good news for South Korean Investors being concerned and conservative on their investments for their future assets.

It could be one of the most important news thus boosting Bitcoin's price a little bit since yesterday's small drop ($6.800 ~ $7.300)

Altough it's only a temporary implementation as the government is thinking of an upcoming law to legalize it and so taxing will be imposed.

Do you think it will be good for South Korean Investors or it will make those leave as soon the law hits them?

I think you are mistaken VERY mistaken. Yes, they interpreted that, under CURRENT rules, they should not tax profits. Meaning, they are urged to revise said rules...

This is a temporary benefit at best, If i were Korean, i would start to move investments abroad, or accept the tax and rules as they come (might be too late by then to change mind).

In theory, the Koreans should know that, the more they tax, the less investments will remain. But politicians being politicians, you can expect anything. State rules simply tend to get in the way of wealth making "in the name of national protection" or whatever.
2200  Bitcoin / Bitcoin Discussion / Re: How difficult is it to change total bitcoin's 21 million suppply? on: January 03, 2020, 04:12:11 PM
the devs are the ones that decide if they will make changes on thier coin  . for bitcoin , bitcoin core developers and not the majority or the ones that hold alot of bitcoin  .

 but i dont know if its possible to change the supply of the coin once they were already released and running  . if yes then i still think that it was not easy   .  laslty , i dont think that its beneficial to up the supply of btc because that will only make its price lesser but that would make bitcoin more stable  .

No, if its not accepted people won't upgrade their nodes and the network would remain with the current rules. Its not as simple as developers simply pushing the change. Most improvements are minor and tacitly accepted, but if something this controversial would come you can expect a hell lot more of resistance.

Yes its technically 21 000 000 x 100 000 000 = 2100000000000000 satoshis, to be objective the OP would be asking, if they could change this into 4200000000000000 satoshis.

Everyone knows 42 is the answer. As for the question, you'd have to read a book, actually a guide... Something about mice running an experiment... (Douglas Adams actually said he didn't pick 42 for any specific reason, but this joke is endless).

As for the reason Satoshi used 21, i guess, it was the same (arbitrary). But most importantly, it was set and accepted as the rules. If it were 42 since the beginning, the result would be identical, bitcoin price would be exactly half, and people would have exactly twice of them. You could also do the opposite but i see no reason to change the rules at this point.
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