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2401  Bitcoin / Bitcoin Discussion / Re: 90% of bitcoin is owned by 2% of user base on: October 08, 2022, 01:05:16 AM
If you mean it literally, then you should provide your facts. But if you don't mean it that way, which I suppose is the case, then that's just the reality.

And that's probably the downside of something which doesn't have a central authority to decide on its distribution. Everybody can buy Bitcoin. Although there are jurisdictions where Bitcoin is illegal, there are definitely ways to go around such policies. The bottom line is that Bitcoin is available to whoever wants to buy it.

The sad thing is that not everybody is willing to risk on Bitcoin. There are a few wealthy individuals like Saylor and the Winklevoss twins, for example, who are so convinced of Bitcoin's future that they are keeping a huge holding and even adding more. They're certainly not to blame for believing in Bitcoin more. And for having money to buy a lot.
2402  Bitcoin / Bitcoin Discussion / Re: Bitcoin 13 years ago... on: October 07, 2022, 05:40:15 AM
What's the point of looking back at the things we cannot anymore change? The good thing is that you're here when Bitcoin is only at $19,000. So let us all learn our lessons and make sure that what we regret missing in the past we grab today. Bitcoin may not be as cheap as 13 years ago today, but it won't be as cheap as now another 13 years later. We cannot continue crying over spilled milk. We just have to make sure that 13 years from now we won't be looking back today and release the same sigh.
2403  Economy / Gambling discussion / Re: Lack of bug bounties from gambling platforms on: October 07, 2022, 02:45:35 AM
It's probably because this has already been well taken care of by their security team? Or perhaps they're already hiring reliable security personnel to do the security audit or the step-by-step checking? So far, there seems to be no urgent reason to shift to another approach. Quite contrary to your claim, it seems there isn't really big news about crypto gambling websites falling to hackers.

But if you do find out a bug in one of these platforms, you might want to communicate with them and probably receive a reward commensurate to what you've discovered.
2404  Economy / Economics / Re: What is Inflation? A Crash-Explanation on: October 07, 2022, 02:10:56 AM
The truth is that inflation is a constant in our monetary system. It is a built-in feature, so whether or not there is a pandemic or a war or whatever, there is inflation. The rate rises and fall but it is there. Whether money is printed more than the usual amount or not, inflation is there. Money is devalued little by little all the time. Prices of goods and services rise little by little all the time. Overprinting of money, as a matter of fact, isn't even the primary reason for inflation. The point is that inflation is there because it is intentionally designed so. Inflation is desired.
2405  Bitcoin / Bitcoin Discussion / Re: State-owned Argentina energy company YPF has begun to mine Bitcoin on: October 07, 2022, 01:41:51 AM
So much energy has been wasted due to a lot of factors. One of which is the lack of efficient storage facility. Wind plants and solar plants have been releasing excess energy. Oil farms are also disposing methane into the air by flaring them. Some are flaring gas simply to lower down pressure. In which case, energy is generated, unused, and wasted. Bitcoin mining has been increasingly recognized as a viable option to make use of these energy wastage. Not only does it stop energy wasting, it also generates further revenue.
2406  Other / Beginners & Help / Re: Why reveal my identity to get bitcoins ? on: October 07, 2022, 01:01:31 AM
This is the bittersweet development that we might have wished for. We wanted Bitcoin to be accepted, so this is it. Bitcoin is accepted but we need to give them our information to signify that we aren't using Bitcoin for whatever illegal transactions. There are compromises. There have to be. But there are still remaining options to purchase Bitcoin without revealing your identity.

Anyway, use your address to verify whether or not your funds are already there.
2407  Economy / Economics / Re: Reasons you will remain broke as an adult on: October 06, 2022, 04:29:27 AM
I agree with the list. Most often, poverty is avoidable. It's just that a lot of us are either too lazy to act or do not exert enough effort or simply stubborn or close-minded. Some are also pulled down by their pride. I know of some people who are poor but are also too proud to do things that could somehow ease their situation but they won't do because they consider them shameful. Peddling food, for example, is a good source of additional income but others don't consider doing it because it is embarrassing.

Nevertheless, at least as far as my country is concerned, the government has to be proactive as well. They need to do their part. They, too, need to be well-informed about what's really going on at the bottom. Most government officials are clueless. Programs and policies are often impractical.
2408  Economy / Economics / Re: At last, Twitter wins the battle!! on: October 06, 2022, 03:23:49 AM
Well, I know one thing....

Elon Musk loves Crypto currencies ....and he will most definitely encourage Crypto content on Twitter if he eventually buy it. We have seen a lot of these large social media platforms ..banning Crypto currency advertising, because it was either too expensive to filter the genuine content from the scams or the masters behind the scenes.. pushed their own agenda.  Angry

Let's hope his stand on Crypto currencies will stay the same ...and that he will allow "freedom" for legitimate Crypto currency projects to flourish on the Twitter platform.

Elon loves to troll about crypto. He puts a meme coin first in his list, loves Dogecoin more than the rest of the coins. He sold a good amount of his Bitcoin holdings. He removed Bitcoin from Tesla's accepted payment options because of a misunderstanding of Bitcoin's energy consumption. He either fell to FUD or was acting based on wrong information.

So I'm not sure if Twitter would be a lot better in Elon's hands than in Jack's hands. And I surely wouldn't hope that Elon's stand on cryptocurrency stays. I'd rather that he just keeps his mouth shut as far as crypto is concerned.
2409  Economy / Exchanges / Re: What will be the future of Binance till 2025? on: October 06, 2022, 02:55:41 AM
I'm seeing a bigger future for Binance. I'm not a fan of this centralized exchange, but I'm definitely seeing how CZ is very hardworking as a businessman in pushing its borders. Other than the fact that Binance has already widely extended its reach to almost all aspects of the cryptocurrency market, CZ is not just meeting with secretaries recently. He's meeting presidents and country leaders. And although he has his fair share of removals and orders to cease operation from various jurisdictions, he is also adding new ones at the same time.

But, again, centralized exchanges are secure until they fall. They're often just a single step ahead of hackers. And it's probably always a tight race.
2410  Economy / Economics / Re: We should separate the markets for Bitcoin* and centralized altcoins on: October 06, 2022, 02:27:38 AM
Well, these sites don't really look closely. They're focused only on their prices. And for as long as a coin or token is a cryptocurrency, they're lumped together. They don't care about the technology of each of these projects, or coins and tokens. And although there are already categories added, it seems they're adding more confusion instead of clarity. But I guess, this is just one perspective of the cryptocurrency market. Sites likes CMC and Coingecko, they're looking at the numbers only. So beyond that, these sites are not to be used as reference.
2411  Economy / Gambling discussion / Re: I find way to win on dice on: October 06, 2022, 01:52:33 AM
This isn't the classic Martingale but LOOOOOOL, this won't work, my friend! If you have been playing dice for a long time, you know that streaks could go as long as 15 or even more. And if this is a losing streak, how actually deep is your pocket to be able to absorb all this and still be able to more than double your next bet?

1st bet: $20, 2nd bet: $60, 3rd bet: $150, 4th bet: $350, 5th bet: $900, 6th bet: $2,300. In your 6th loss, you are already losing $3,780. How much would you bet for the 7th time, $5,000? If it losses, $11,000? By this time, do you still have the money?
2412  Bitcoin / Bitcoin Discussion / Re: What Happens to Our Bitcoin and Other Assets If We Die? on: October 06, 2022, 01:29:49 AM
There are a number of ways to let your family know that you have Bitcoin when you die. For sure, when you die, they will try to get access to your computer, smart phone, files, and other stuff in your room. So you can actually leave a note somewhere indicating that you have Bitcoin funds safely kept in a wallet. You will also include all the information that is needed for them to gain access to the said funds. I guess that would be enough. But a bank safe is also an option.
2413  Economy / Service Discussion / Re: How can a thief benefit from his thefts? on: October 05, 2022, 04:38:31 AM
It's gonna be hard especially if the amount is so huge but it doesn't mean it's not possible. It could be done even if addresses and the movements of the funds are under tight surveillance. But it definitely needs a lot of ways. A combination of DExes and mixers and anonymous coins and even centralized exchanges could be explored.

If we look at how North Korea's Lazarus Group laundered the proceeds of the second largest crypto hack in history, it made use of different ways. Of course, much of it was laundered through the decentralized mixer Tornado Cash but there were also amounts laundered through centralized exchanges. Not only are some centralized exchanges allowing unverified users, even the KYC process could actually be cheated on in a number of ways.
2414  Bitcoin / Bitcoin Discussion / Re: The irony of leaving your private keys in a bank on: October 05, 2022, 03:45:13 AM
Although extremely ironic, this is indeed a sound option if you doubt your capabilities to self-custody. I actually remember no less than the popular Bitcoin preacher, Andreas Antonopoulos, admitting that one of his backups is safely stored in a bank safe. To me, this is indeed an option. After all, robbing a bank is much harder to do than robbing a house without a single security staff.

But forget about owning a couple of houses just so that you could safely keep your backup in another house. Each house is as vulnerable. So that's ridiculous. Not to mention the cost of building that other house. That's more absurd than keeping your wealth in Bitcoin but storing the private keys in a bank's safe.
2415  Economy / Service Discussion / Re: Can I know That How much earnings Can be generated Through Signature? on: October 05, 2022, 03:05:45 AM
You're still a newbie. It might take a while before you reach the Hero and Legendary ranks. But it's just a matter of time for somebody who's actually contributing something relevant and new in discussions. So while those ranks are goals because there could be money from them, first things first. You need to participate in discussions and make your contributions.

Quite frankly, based on my observations, newbies are indeed easily roasted. But that also happens to me and other high-rank members. Just take this as a cautionary warning in making posts. Don't commit the mistake of opening a tutorial thread, one that suppose to guide or advise, if you don't know what you're writing about. Also, search first before creating a thread. Finally, read and follow the rules.

Good luck and welcome aboard!
2416  Economy / Gambling discussion / Re: How does betting on exhibition matches even work? on: October 05, 2022, 02:42:41 AM
There must be a winner in whatever form it may take. Certainly, there must be a winner declared in the end. It might just be a winner without having to prove his points per round or why he came out as one, but I suppose it's enough for the gambling odds to be settled.

Anyway, if you are seeing a whole lot of gray areas in this whole exhibition saga in boxing, then you can avoid it altogether. To be honest, this kind of matches aren't only exhibition fights. The Pauls are into professional bouts. This exhibition virus has already crept into the professional scene for quite a while.
2417  Economy / Economics / Re: Rejection, failure and disappointment, its impact on ones achievement. on: October 05, 2022, 02:04:00 AM
As the old adage says, what doesn't kill you makes you stronger. However, in reality, we need to be more aware of what's happening. We need to widen our perspective. We need to step back once in a while, see the bigger picture, be conscious of other options. Yes, failure is always a part of success. Yes, failure teaches us something. Failures make us strong. But it also reminds us. Failures sometimes awaken us from our stupor, from our wrong persistence on something. Sometimes, failure makes us realize things. It brings us back to reality. Stubborn persistence is also fatal.

There must be a lot of people losing in trade and in shitcoins but it takes a series of painful failures for them to realize they just need to focus on Bitcoin.
2418  Bitcoin / Bitcoin Discussion / Re: which btc address generated do yall use ? on: October 05, 2022, 01:39:16 AM
You just have to mind your choice of wallet, your connection, how you keep your private keys, and how mindful you are as far as the basic security do's and don'ts are concerned. The wallets mentioned above could safely generate you different addresses. So it's now up to how you handle them to avoid security breaches. But, of course, choose wallets that are fully open-source, non-custodial, and supports Native SegWit addresses.
2419  Other / Beginners & Help / Re: How can I keep my Bitcointalk acc safe if truly it can be hijacked on: October 05, 2022, 01:12:34 AM
There is nothing special about the forum, you will have the same level of security as if you secured social media accounts (perhaps less due to the lack of features of two-factor authentication)

But even hackers do not try to steal newbie accounts because it does not provide any additional advantage to them.

So creating account with strogn password, hide your email a,d sign a message will be enough.
Exactly as long as members of this forum avoid clicking on phishing links and logging in from different devices and browsers.
Securing the account with strong password will be enough to protect one forum account, the rate of accounts hack have reduced significantly lately and this is because members of this forum are becoming more aware of the many tricks that hacker employer to steal personal log in details, so member are becoming more pro active in security and how to better protect their social media accounts including this forum.

It's probably the inactive or abandoned accounts that are primarily targeted by hackers. So we wouldn't know whether old accounts that have now waken up after a long period of inactivity are already hacked and probably sold to another person. Unless the posting style is too noticeably different, it might not easily be detected.

Hacking active accounts would only disappoint the hackers as the owner could easily create a new one and alert the entire community about the incident. The original account could be retrieved. Until then, it could be red-tagged.
2420  Economy / Economics / Re: The dollar is surging. This is who gets helped and hurt by its newfound strength on: October 02, 2022, 02:39:53 AM
In my country, the stronger US dollar has detrimental effects to the majority of the population. We are a developing country which is highly reliant on imported goods. The growth of USD means the rising of prices here. Even the cost of basic utilities such as water and electricity is also rising along with the US dollar.

But to the millions of families here who are dependent on remittances from the US, this is good news to them. This is also a welcome development to those who are working here but are paid in US dollars.
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