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2381  Bitcoin / Development & Technical Discussion / Re: bitcoin can be made efficient and less energy consuming? on: April 04, 2023, 04:58:20 PM
how can Bitcoin be made more efficient and secure without using too much electricity ?,

the current way of confirming transactions, called "proof of work" , uses a lot of energy, so may many people are looking for other ways to do it. is there are some other ways we could do it ? ,

Too much/lot of energy are just empty words if you don't have some objective data to show. When you read various articles that claim that Bitcoin consumes too much energy, do they say that this share is 0.5%. maybe 1% or 5% of the total electricity consumption? According to some data, energy losses at the world level in one year are about 50 000 TWh, and someone correct me if I'm wrong, Bitcoin does not consume more than 300 TWh per year at the moment.

It may seem like a lot, but in fact it is not, and I will ask the question : "Would the world be a nicer and greener place if those 300 TWh were consumed by banks, Christmas and New Year lights, or if they were simply lost in the grid?"
2382  Bitcoin / Bitcoin Discussion / Re: (Bitcoin payment success) 3-month statistics on: April 04, 2023, 04:42:06 PM
@Dr.Bitcoin_Strange, congratulations on a successful start to the year, and I hope that the rest of the year will be just as successful or even better for you and your customers. My opinion is that people should always be given as many choices as possible when paying, and Bitcoin is only one of the options that should be offered, especially if such a payment method does not cause any extra costs for you.

I will appreciate some more suggestions and help, because I don't believe I could have done these without all your help.
Also, for my friends who want to accept Bitcoin payments, is it wise to advise them to go ahead with it?
I have been maintaining a 10% discount for those who pay with Bitcoin; is it okay if I stop the discount now?

As for your friends, I think your experience can be of great help to them, of course if you explain to them what are the advantages and what are the risks when receiving payments in Bitcoin. I would not push anyone into something by force, even if I was good at something, but I would help them if they really want to do it.

As for the discount, I would personally keep it if you can afford it, because that's how you actually attract customers to pay with Bitcoin - although you can reduce it to 5% for one month or try to see what would happen if you completely remove it.
2383  Bitcoin / Bitcoin Technical Support / Re: Ledger hacked, 30 BTC stolen on 04/02/2023 on: April 04, 2023, 03:51:48 PM
~snip~
It's a good lesson for all of us to keep in mind while helping others. You can tell people to get a hardware wallet, you can explain to them how to do things, now here is another thing you can point to when telling them to keep their seed safe.

If someone had told the OP not to keep the seed the way he did, maybe he would have kept it on paper and at some point he would have lost that paper, or one of his friends or people he lives with would have found it. Some people never understand, no matter how much someone explains to them, they think that Bitcoin is like some kind of bank that will compensate them for a loss if it happens.

I would even advise people to strengthen their backup with a passphrase, but for some it is an even bigger complication, especially if you tell them that the seed and passphrase should be kept separately. In any case, a properly stored backup is the most important thing, regardless of what kind of crypto wallet it is.
2384  Other / Beginners & Help / Re: What is the significant of bitcoin halving on: April 04, 2023, 10:39:34 AM
Quote
What is the significant of bitcoin halving

Regardless of the other questions asked by the OP, I think that what he is most interested in is still contained in the title. What we know is that the halving happens every 210 000 blocks, which is approximately every 4 years, and that the reward for miners is halved by 50% at that moment. We also know from a short (but meaningful Bitcoin history) that the price of Bitcoin has increased significantly after each halving, and it is possible that this will happen even after the halving in 2024.

That event therefore, in my opinion, has a certain psychological dimension, because investors expect a large profit, while on the other hand, miners have less and less influence on the market, considering that they "produce" less and less new BTC.

The current calculation says that about 900 BTC is mined daily (on average 1 block every 10 minutes - 144 blocks x 6.25 = 900 BTC x 30 days = 27 000 per month), which is not an amount that can significantly influence the market, where there are already 19+ million BTC. In about ten years, halving will no longer be so important because 99% of all BTC will have already been mined, and the 1% will remain for the next 100+ years.
2385  Other / Meta / Re: How to add your Bitcointalk profile to your homescreen on: April 04, 2023, 10:16:36 AM
I understand that everyone here is trying to protect their bitcoin talk account, but I can tell you that nobody cares for your account because I don't think giving your phone to someone for a couple of minutes and the person will hack your account, no the person will not hack your account,

It's not just about whether someone will (or won't) hack your BTT account (or any other) while they have access to your device, it's also about protecting your privacy. It is true that your account in terms of rank and reputation is not worth much, but some other accounts for hackers would certainly have a significant value if they could be hacked and be in their possession for at least a few hours.


I can use my self for instance, nobody knows what am doing with my cellphone people always think am chatting with someone or playing video game with my cell phone.
More importantly, is not good to share your cell phone with friends, especially the ones that contain your important details.

You may think that no one knows, but do you know who is looking over your shoulder - whether you are sitting on a bench or riding a bus, there are always curious people. If you are already giving your smartphone to someone, today most of them have the option of locking each individual app, so that no one can access anything you don't want them to see.
2386  Bitcoin / Bitcoin Technical Support / Re: Ledger hacked, 30 BTC stolen on 04/02/2023 on: April 04, 2023, 09:50:37 AM
Your case just shows how wrong those who think that buying a hardware wallet will solve all their problems when it comes to the security of their digital assets are wrong. Unfortunately, sooner or later they all pay the price of their ignorance and finance various hackers who live a luxurious life with their money.

For 30 BTC, I would certainly make an effort to report everything to the police, so that I can at least hope that the hackers will be found one day. Even if they used a VPN, it does not mean that they are completely protected, their real IP address could be found out through a court order. Furthermore, if it is about inexperienced hackers, there is always the possibility that they will make a mistake, but in order for there to be a chance that someone will discover it, the first thing is to report it to the police and have a forensic examination of the hacked computer.
2387  Bitcoin / Bitcoin Discussion / Re: are you still strong holding btc on: April 03, 2023, 03:03:28 PM
as we know today btc is in the range of 28000, and i was very lucky to be able to buy btc when the price was still low, and now if i sell it i have a profit but if i sell it now i'm afraid i won't be able to
buying from the bottom again
,, and I'm currently struggling to hold btc so I don't sell it,

If you need the money now, then don't hesitate too much about whether you should sell or not - because you yourself claim that you bought when the price was low. If you don't need money and believe that the price will be even higher next year, then forget about everything for at least one year.

I personally would not sell at this moment if I were only focused on profit, because a few months ago (but also now) is perhaps the best time to invest, given the assumptions that the price will rise significantly next year after the halving. Of course, this is all just speculation and it doesn't have to be like that, so everyone has to decide what to do and at what time.
2388  Economy / Speculation / Re: Do you consider Bitcoin the best asset in the world? on: April 03, 2023, 02:23:42 PM
There is no way you could compared bitcoin to ethereum, bitcoin is more trusted, secure and reliable than any other altcoin out there usually i don't even give attention to those coin. In some special cases if there were no bitcoin as option then i have to go for Ethereum, BNB, Matic.

I completely agree with the first part, because it has nothing to do with each other, not only because one coin uses POW, and the other has moved to POS, but also because Bitcoin has a very low max supply (compared to the mentioned token) which owes its popularity (and price) precisely to the fact that it has unlimited supply and at least for now x6 times more coins on the market. There is no trust, decentralization, meaningful use, but everything depends on one man who wants to compete with Bitcoin, and for 8 years he has not succeeded in doing so.

As for the other one you mentioned, I personally wouldn't invest a single cent in something like that, although I don't want to influence anyone else in what they do with their money.



Regarding the OP's question, I think that people should primarily look at Bitcoin as a cryptocurrency and use it as much as possible, and only then invest in it as an asset. Otherwise, it all boils down to when you will buy and when you will sell - which is still a big mystery for most.
2389  Economy / Services / Re: FREE/PAY BITCOIN TRANSACTION ACCELERATOR on: April 03, 2023, 10:43:34 AM
can anyone help me with this, unfortunately I have sent too few fees, the transaction number is,

Your transaction is marked as RBF (replace by fee), and considering that you are the sender, you can simply bump the fee to 4 or 5 sat/vB to get confirmation of your transaction in the next 2 blocks. If you need additional help on how to make RBF, you can search online, or contact me via PM.
2390  Other / Meta / Re: Is Possible to withdraw report to moderator? on: April 03, 2023, 10:14:20 AM
I know, we can appeal by clicking the button report to admin on a personal message, but i never used it yet, I don't know how it works because there is 5 admin, and I still don't know which one should i choose.

There are only 2 admins, the rest are global moderators. In the context of what you wrote, I don't understand why you would use that option at all, because the "report to admin" option serves to report another member's personal message if there is a need for it. So in the event that someone sent you a message that contains inappropriate or malicious content, which could be a death threat, blackmail, a link to a virus/malware or something similar.
2391  Bitcoin / Hardware wallets / Re: Hardware Wallets Lifespan on: April 03, 2023, 10:02:39 AM
I was also aware of the Corazon products and spite of the apparent high quality, I think the usage of titanium and fancy colors for a HW casing is a little bit too exotic, it is rather a luxurious product rather than one aiming to protect the electronic part of the wallet.

Of course it's luxury, but still, the titanium case will protect the electronics much better than ordinary plastic, although I can't say if it justifies such a high price. For someone who has a lot of money and may be a public figure who deals with cryptocurrencies, a device like this is certainly something that can set him apart from the rest.

Also, I think even though Trezor is not water-proof, they seem to have some inherent resistance towards moisture.

A few years ago, there was a case where the T model survived a fire and the extinguishing of that same fire, i.e. it was still working after that. I know of one case when one of these was used as a toy for a dog, and in such a case the metal housing would definitely come into its own.
2392  Economy / Speculation / Re: US Government DUMPING Bitcoin on: April 03, 2023, 09:44:48 AM
Probably 99% of the hodlers would have loved to see them destroyed rather than auctioned, recognition and laws and regulations are only appreciated when they cause a pump, not when it might have an adversary effect.

Those who are only there for profit would not mind if as much BTC was "destroyed" as possible so that their coins would be worth more, but that is the reality we live in. However, I do not see why such sales would have any effect on the price considering that we are in the recovery phase and that the market will absorb these coins very easily.

The world is full of confused people, OP is just one of them who thinks that a few thousand BTC can change something important in a market where hundreds of thousands of BTC are traded every day.
2393  Economy / Speculation / Re: US Government DUMPING Bitcoin on: April 02, 2023, 03:15:42 PM
I want to talk about the US government selling 51,000 Bitcoins, why are they doing this. Is Bitcoin going to be trashed let's talk about all this stuff and more this came out yesterday and a lot of people were talking about it what happened to these 51,000 Bitcoins.
~snip~

When you read articles from a shitty source, then your conclusions are just as shitty (excuse the expression). As @stompix already wrote, it is not about selling 50K BTC, but only a part of what has seized two years ago. And the fact that they (the US government) sell BTC means that they informally recognize it as something that has value, and you could only worry if they destroyed all the seized BTC and thus showed the middle finger to everyone else.

What you see as a problem is actually a good thing, because the US government promotes Bitcoin by doing so and also puts it back into circulation - and in return it gets what it loves most, its dollars.
2394  Other / Beginners & Help / Re: @Active Members of Bitcointalk: Why have you created an Account here? on: April 02, 2023, 02:59:25 PM
I'm very curious for your reasons, why you've signed up at Bitcointalk, created an Account here and are an active member of Bitcointalk by writing content regularly.
~snip~

I heard that there is a guy who invented Bitcoin and that he has his own forum that you can join and that one day he will appear on that forum and distribute even 1 million BTC to everyone who is not a spammer or shitposter Cheesy
2395  Economy / Exchanges / Re: Bitget exchange SMS code receive issue on: April 02, 2023, 02:43:46 PM
Just wanted to share a story with the SMS verification problem I had a few months ago (not exchange) that even support couldn't help because the problem was actually on my side. Make sure that you're not blacklisting sms from bitget, maybe you forget you did it.

I had similar problems with SMS verifications, and the problem was on my end. It turned out that I had blocked the prefix of a foreign country because of SMS spam coming from that country, but a legitimate service for SMS messages is also located in that country, so I blocked both good and bad messages. It sounds strange, but such things happen.

Personally, I do not prefer this method of verification, but in some cases it is the only choice and cannot be avoided.
2396  Economy / Reputation / Re: How wide reaching can the consequences of Chipmixer money laundering be? on: April 02, 2023, 02:06:52 PM
I am confused, you stated the was up to that point very little risk for regular users at the same time as you said there were protective measures for theymos and staff (and the forum by default). Can you elaborate on the differentiation you stated between them?

I already wrote to you that you should be able to read between the lines so that some things would be clearer to you. The fact is that the administration decided to take that step for two reasons - the first is to protect themselves as individuals, and the second is to protect the forum from possible closure.

Each individual has always been responsible for his actions on the forum, and it will be so in the future, with the difference that now the forum administration completely separates itself from anyone who promotes mixers. In the event that someone decides to deal uncompromisingly with the mixers and those who advertise them, each individual will pay an individual price, and the forum will not be held responsible.

That's just my thinking though, I don't have any confidential information nor do I know what will happen in the future.
2397  Other / Beginners & Help / Re: How can we start with $10 in CRYPTO MARKET? on: April 02, 2023, 01:49:47 PM
~snip~
• Trade there and secure your sats in your wallet,
• Repeat the process when you get another $10.

Such a mission with only $10 is not only difficult to do, but in most cases it will be completely unprofitable due to the service/withdrawal fee that most CEX charge. If the OP decides to buy Bitcoin or some alternative, then it would be better for him not to make a separate withdrawal, but to do so after accumulating a slightly larger amount of coins.

Of course, there is always a risk of keeping cryptocurrencies in a custodial wallet, but on the other hand, it is simply completely unprofitable to withdraw such small amounts.
2398  Bitcoin / Hardware wallets / Re: Hardware Wallets Lifespan on: April 02, 2023, 11:17:50 AM
I have seen reports of people who have keep their Trezors Ones up to 5 years without problems, while also others who claim some problems with the screen started to appear around the 2-3 years period.
~snip~

I have had a Nano S for about 5 years and it still works like the first day it was bought, but I can say for myself that I am a person who takes care of my things much more than the average person. Technical problems are always possible, but many malfunctions of electronic devices are the result of incorrect handling, inadequate storage, and sometimes a bad power network that can damage such devices due to sudden and frequent voltage changes and power outages.



Still I would like more high quality hardware wallets, as many are made of cheap plastics. I think even high quality plastics could already make a huge difference.

You forget that the use of higher quality materials means a higher price, and that many still complain that hardware wallets are too expensive, even though you can buy them for less than $50. Manufacturers have to adapt to what the market is looking for, which is cheaper devices that are therefore made of lower quality materials.

Unfortunately, this quality decreased even more after the material prices skyrocketed, but I think that everything has its price, as well as that every product has its buyer. There is HW that costs as much as $2000, and it seems to be sold out.
2399  Bitcoin / Bitcoin Discussion / Re: Bitcoin usage in crime activity. on: April 02, 2023, 10:56:21 AM
Hello crypto bros.

We already told you not to call us "crypto bros.", but you are obviously illiterate to the extent that you cannot read several comments in the thread you open.


Firstly, -1 for calling us crypto bros. We aren't twats who shill altcoins to every soul we come across. Don't feed this terrible meme or expand its reach to people who advocate Bitcoin.
~snip~

Bitcoin is great in means of anonymous transactions and getting away from the banks and government control, but the problem is, it's the exact problem why criminals are using it. And it's a pretty big one. I'm not saying that criminals use bitcoin more than fiat, but we all can see that illegal services are widely accepting bitcoin.

The problem here is that the system should have some way to fight these criminals because we don't want bitcoin to be associated with drugs and sex trafficking,  but the problem is, by solving these problems we should get rid of anonymity which is a pillar for the bitcoin technology, so it can't be done. And this problem might be a big obstacle in mass bitcoin adoption and regulations that are coming.

Criminals still prefer fiat, because not only is it safer for them, but because Bitcoin is not as anonymous as you think. If all relevant research shows that Bitcoin is used by 1-2% of people in the world, where do you see a problem in that? In addition, every bill you have in your wallet may have been in the hands of a drug smuggler, a weapon smuggler, or maybe it was used to pay for a murder - so if you want to solve the world's problems, you should start from the top, not the bottom.
2400  Economy / Economics / Re: Elon Musk and others urge AI pause, citing 'risks to society' on: April 01, 2023, 04:07:45 PM
Italy has joined some not so popular countries that have already banned ChatGPT ->

Quote
ChatGPT is already blocked in a number of countries, including China, Iran, North Korea and Russia.

But at the same time, the Google version of the chat bot is still available, because it seems that the only problem is that GPT is available to everyone regardless of age.

Quote
Bard, Google's rival artificial-intelligence chatbot, is now available, but only to specific users over the age of 18 - because of those same concerns.

However, somehow it seems to me that the ban is only temporary, because the Italian data protection agency has given ChatGPT 20 days to try to solve it, otherwise a fine will follow.

Quote
The Italian data-protection authority said OpenAI had 20 days to say how it would address the watchdog's concerns, under penalty of a fine of €20 million ($21.7m) or up to 4% of annual revenues.
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