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2241  Bitcoin / Bitcoin Discussion / Re: What is left of Bitcoin as a tool to free the financial world on: December 31, 2022, 03:35:44 PM
It seems that the price these days is largely dictated by miners that constantly sell coins and investors that hope for future profits.
I mean, we always had constant sell pressure because of miners. It's really not anything new.


Are people even willing to still follow these idea or is bitcoin doomed to be a place for profit gamblers that will slowly loose its relevance?
I've seen a lot of similar statements from the 2018 bear. Look where we are now.
2242  Other / Meta / Re: What one change would you like to see in bitcointalk in 2023 on: December 31, 2022, 08:19:48 AM
Why is everyone wants to change some of the features on this forum?

Why aren't we happy with the current setup of the forum?

*snip*

My answer is that I am happy with the current bitcointalk forum and no changes are required.
Being "happy" with the current setup of the forum doesn't necessarily mean that nothing can be improved upon.


If there was to change anything, theymos would have done it already. When the forum admin did not want any changes and think everything is perfect, why do we insist on the changes?
If Theymos didn't want to change anything, then he probably wouldn't have started the Epochtalk project.
2243  Bitcoin / Bitcoin Discussion / Re: when did you receive your first bitcoin? on: December 31, 2022, 07:24:04 AM
Don't you just hate it when they keep your funds held for 180 days and you're just so helpless about it since their customer service is horrendous. I even tried to resubmit my valid ID, and they did not respond back to me.

They held my funds for 180 days then after the 180 days they just straight up said they're taking my funds because of "damages" lmao. All I did was buy/sell videogame items; I didn't even receive a single cashback on all my transactions lol.
2244  Other / Beginners & Help / Re: start active again on: December 31, 2022, 05:03:30 AM
I was too insecure to join, because I thought that at that time I still didn't have much knowledge, so I decided to stop at that time.

Bitcointalk is just a community forum where people talk bitcoin/crypto/security/privacy/etc. Not sure why people take it too seriously as you definitely don't need to.
2245  Bitcoin / Bitcoin Discussion / Re: Bitcoin Can Now Be Bought Using Apple pay and Google pay On Binance on: December 30, 2022, 08:06:07 PM
Interesting feature to have available for those who want to try it out. Knowing the massive tech giant that Binance is, I'd expect them to already have this option though — not sure what took them so long.
2246  Bitcoin / Bitcoin Discussion / Re: Do you have 1 bitcoin? on: December 30, 2022, 07:53:32 PM
Faith,hope,unemotional analytics or the ability to see the future? Cheesy

Pretty simple — I simply think that bitcoin is a great investment that could likely give me a good multiples in ROI sometime in the long-term future. That's pretty much it, besides things like having self-custody of my funds and stuff.
2247  Bitcoin / Bitcoin Discussion / Re: when did you receive your first bitcoin? on: December 30, 2022, 05:39:34 PM
My PayPal got banned for some random reason that they don't want to disclose, so I was pretty much stuck with using bitcoin for cross-border payments for when I was buying/selling videogame currencies. I then realized how important having a decentralized currency is.
2248  Other / Meta / Re: What one change would you like to see in bitcointalk in 2023 on: December 30, 2022, 05:05:37 PM
Not what you ask but you can add either ;wap; wap2 ;imode at the end of URL link. It does not work for table but fine for texts.

Those seems to be fine when you're only on Bitcointalk for viewing purposes though, as it seems like the QUOTE feature is missing on those 3 modes.
2249  Bitcoin / Bitcoin Discussion / Re: Where is your bitcoin balance at the end of the year? on: December 30, 2022, 04:53:11 PM
What stands out to me, looking at these statistics is the fact that 85% of all value stored in Bitcoin is distributed among only 0.5% of addresses / owners.
That's an extreme imbalance of wealth. Nothing new or suprising but I think it's worth pointing out.

Why is it worth pointing out if it's expected though. Not to mention that bitcoin wasn't specifically created to fix wealth inequality, but to just give more opportunities to people who seek it.

Also, take note that a sizeable amount of people store funds on exchanges(Coinbase/Binance), so the stats isn't that accurate if you're looking at it as distribution per person than per wallet address.
2250  Other / Meta / Re: What one change would you like to see in bitcointalk in 2023 on: December 30, 2022, 04:41:03 PM
Mobile App please

Doesn't even necessarily need to be an app. I just want better UI/UX for mobile. Heck, I'd be very happy even with just having a responsive UI alone.
2251  Economy / Economics / Re: Passive Income? New Start-Up Would Pay you to Share Personal Data on: December 30, 2022, 07:59:29 AM
This is something I'd personally only do if I'm struggling and in dire need of money. I'd imagine most of their customers would be people in poorer countries.
2252  Other / Beginners & Help / Re: What advice can you give to newbie here? on: December 30, 2022, 07:38:02 AM
Don't spam and don't plagiarize. Remember those two, then you're pretty much good.

But most importantly, know the industry.


* If you like reading articles: https://coindesk.com/learn
* If you like reading books: https://theinternetofmoney.info/
* If you like watching videos: https://www.youtube.com/playlist?list=PLPQwGV1aLnTuN6kdNWlElfr2tzigB9Nnj

Security related:
* https://cryptosec.info
* https://www.lopp.net/bitcoin-information/security.html

If you want to get more technical
* https://github.com/bitcoinbook/bitcoinbook#chapters
* https://github.com/ethereumbook/ethereumbook#chapters
2253  Bitcoin / Bitcoin Discussion / Re: How can we protect our profits against shrinking margin? on: December 30, 2022, 06:44:00 AM
What I'm wondering here is if there is a way for miners to hedge against shrinking margins? Do you think hedging strategies could help us stay solvent amid the bear market?

Either by running less mining hardware to decrease risk, or to have a well-thought-of and reasonably sized short position. Other than both, I think that's pretty much it.
2254  Other / Beginners & Help / Re: what is the difference between bitcoin and crypto? on: December 29, 2022, 01:18:48 PM
While some people will probably have different opinions with this(maximalists on Twitter) — in general, bitcoin is bitcoin(which is a cryptocurrency), and cryptocurrency is the broader industry of other blockchain-based coin/token projects.



* If you like reading articles: https://coindesk.com/learn
* If you like reading books: https://theinternetofmoney.info/
* If you like watching videos: https://www.youtube.com/playlist?list=PLPQwGV1aLnTuN6kdNWlElfr2tzigB9Nnj

Security related:
* https://cryptosec.info
* https://www.lopp.net/bitcoin-information/security.html

If you want to get more technical
* https://github.com/bitcoinbook/bitcoinbook#chapters
2255  Economy / Trading Discussion / Re: Holding could be better on: December 29, 2022, 12:27:49 PM
What do you people think about this? Out of 100% fund, what percentage can you advice a trader to use?

There's really no right answer to this — as it will totally depend on things like your risk appetite and the actual size of your bankroll. It's almost like asking what the right percentage to invest in crypto is.
2256  Bitcoin / Bitcoin Discussion / Re: Where is your bitcoin balance at the end of the year? on: December 29, 2022, 09:55:00 AM
It is very true that if I do not own the private key/passphrase of my wallet then the balance or assets are not considered mine.  Unfortunately I have cryptocurrency stored on my Binance exchange and so far I have not used the hardware wallet.  But I have made a personal decision to hold my dollars in hardware wallets for years to come.

Don't be lazy and just purchase a hardware wallet as soon as possible. Though the rumours of Binance being insolvent is very likely to be false, do you really want to risk all of your funds? I'm sorry but that's just dumb and lazy.
2257  Bitcoin / Bitcoin Discussion / Re: Satoshi among us - for those of you not aware of his (/her) legacy in this forum on: December 29, 2022, 09:40:17 AM
I just find it odd that there is no direct link on the forum page that takes you to their copy of the Bitcoin whitepaper. It wouldn't take too much effort to place a link at the bottom of the page (@PowerGlove where are you? Tongue)

In my opinion — probably because it's unnecessary clutter and someone could easily Google it when wanted to. Not to mention that most technically-illiterate people are mostly better off reading articles than a whitepaper.

^Not totally against it though. Just unnecessary.
2258  Bitcoin / Bitcoin Discussion / Re: Bitcoin payment laundering in order to avoid taxation on: December 29, 2022, 09:27:11 AM
Safe: just declare the payments and pay your taxes

Risky: don't declare and don't pay taxes, but could potentially be a problem for you in the future if they affiliated you with your wallet addresses and dug up your transaction history
2259  Bitcoin / Bitcoin Discussion / Re: Where is your bitcoin balance at the end of the year? on: December 29, 2022, 09:16:44 AM
My balance (BTC)

*removed*


Just a heads up: potentially risking yourself due to exposing your holdings aside — if you don't actively trade your bitcoin, it'd probably be the best idea to withdraw your funds to a reputable hardware wallet(Ledger/Trezor).

https://cryptosec.info/exchange-hacks



EDIT: screenshot removed for privacy reasons
2260  Bitcoin / Bitcoin Discussion / Re: Have you taken lessons? on: December 29, 2022, 06:18:52 AM
2. Three Arrows Capital (3AC)

Bankrupted on July 1, 2022, the main cause was due to the ownership of the LUNA token which collapsed with UST due to a massive sell-off. They owe an estimated $3.5 billion to 27 different companies including Blockchain.com, Voyager Digital, and Genesis Global Trading.

The LUNA/UST meltdown was just one minor thing — they mostly became bankrupt when they were hilariously (and obviously carelessly) long Ethereum with too much leverage.
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