It may be viable for those who have spare funds to liquidate to contribute to the network. But for those who are short in funds, as much as they want to help the network, they can't really afford to contribute. Still though, a nice post to read that spreads knowledge about the core foundation of the bitcoin network, and potentially attract people here to help the network and improve the market.

I'm not familiar with this type of recovery method for lost account number. The more familiar approach is directly through email, the support staff would assist you there and would confirm your identity. Double check the email if it came from the legitimate site. Some may have seen your intent and you're maybe a target of spear-phishing. Be always aware before you send sensitive information to anyone in the internet. Once it's sent, it could be used to fraudulent acts and identity theft.

Replying to the original question, it's possible that supercomputer could mine bitcoin, but it's not profitable, and not significantly faster that current mining rigs. Current hash rates would not be that much affected. The chips used in supercomputers are designed for other purposes and ASICs are much better at hash cryptography, much lesser electrical power and cooling needed. The lower the cost, the higher the profit.

Bank interest rates won't give you much profit really. It's interest rates are too low for a year and putting your money stagnant in your account won't bring you anywhere. Investment is much better, whether be it in crypto, bitcoin, or other assets but bank is not a viable option. You need to risk in order to gain, it's just that bitcoin is much more risky than others, but returns are definitely higher.

We cannot clear the market from fraudulent ICOs and scams if we don't want regulatory board to oversee the market. If no one would impose and implement such regulations, scammers and exploiters would just be able to continue what they're doing without worrying about being penalized. We need at least one organization that would be responsible for crypto-related projects and have legal signings to make them responsible for their investors.

Well now I'm quite confused. It really looked like it was only a whale manipulating the market. With much privacy to China, these news isn't relayed to us instantly. I've speculated at first that China has something to do with their announcement, but I certainly didn't know about it going on national television, so I thought it was just another whale. If it's true, then the possibility that China being one of the reason of the sudden surge is likely.

Most scams targets those who aren't aware of the ways of the internet. They'll blindly follow the hope of huge rewards, not thinking while doing actions such as pay-to-get rewards schemes. Almost all of the time, when one site does that, it's outright scam and double think always if you're entering sensitive data on the internet because once it's submitted, there's no turning back.

One of the greatest challenge of having a volatile market. It's hard to keep decisions in mind because of high price fluctuations and unpredictability of price direction due to market manipulation by whales. Even me, I'll admit that I sometimes stress out and get off track, making the wrong decisions. However, it's not necessarily bad, it's normal that we're being droven by these fluctuations especially if we are day traders. If however you are one of those hodl for life and only care for long-term investment, it's better to stay off the charts.

Good to hear but not that surprising. Holders of bitcoin are most likely having multiple wallets to further manage their holdings. And having said that it's 3 years before, which is 2016, the 2017 bull run is the greatest factor to the sudden increase in bitcoin wallets. People are just FOMO and straight out want to buy Bitcoin at that time. However, after that, I don't think there's much new wallets generated. Still a nice news to hear though.

I think what OP's trying to convey is that Bitcoin's white paper does not tell anything about solving poverty. And these other people claiming that the technology (Bitcoin) have failed, when in fact, it really is a success since the main purpose, having P2P payment solution without intermediary, has been achieved by Satoshi.

People replying to this post should read twice, OP should reconstruct his sentence for clearer expression of ideas.

I don't think the governments would approve companies to use cryptocurrencies in their modes of payment. If however they wish to use it, they government might make an exchange exclusively to companies that will enable them to monitor, and impose taxes per transaction made, or whatever system they implement to claim taxes. Whatever their move is, if the government started seeing tax evasion cases through crypto, they'll surely be doing something about it.

Facebook wants Libra to go live as soon as possible because they have fear of missing out in the cryptocurrency race. They want it as early as now, but being under a government that has hot eyes on cryptocurrencies, and Facebook being too popular, they need to pass through regulations, which isn't done yet and with controversies to Facebook's way of handling data and privacy, Libra is having a hard time to go to the market. Anyway, I don't think Libra is semi-centralized. It still seems centralized to me.

I prefer having it as a digital currency because I prefer saving money than spending it for temporary happiness. And having it digital, cryptocurrency or fiat, would make it harder for me to spend it, especially in my country where digital mode of payment is not widely adopted. BTC is fine and digital fiat, and some top altcoin, but it'll cover up some exchange fees to convert it to my local currency though.

It's still better to have a main job and doing bounties in your spare time looks like a better option. Having stable income is better rather than those tokens that have uncertainty if it's going to be listed on some exchange. If however, you want to full-time go on crypto, then maybe trading is a lot viable option for you. You control your time, your trades, and profit is promising, but the risks are also high. Still though, every decision comes with risks. They just vary in degrees of possible loss/profit.

That's why I sold off some of my btc instead of holdimg because there might be another whale selling off to gain the profit, as it looks like there's not much uptrend, they're likely to sell it off again unless they're still hoping for another increase. It's good for a while for those who swam along the whales but I can say more likely today that it's definitely manipulated. We can't get anymore from this and I don't think it's gonna pump up any sooner. But that's the life of BTC, it's all in the prediction, we can't read their minds.

Inflation plays an important role in dictating fiat's value. Although economic and corruption also is a factor on why it happens. If there is an economic slowdown, or the government just prints money out of thin air, it's highly likely that the inflation the is caused by that would make their money useless. Or if some corrupt official not doing his job, cutting national budget for kickbacks, which would slow down progress, would also slowdown the economy, GDP alongside with currency.

I'm more into projects that are realistic than those who are promising to achieve such feats that are quite unreasonable or unattainable in the current situation. I believe that having a project in mind should be a step-by-step process in smaller objectives rather than those projects that aim-high, fall-hard schemes. These are more prone to scams, so preferring the projects that are believable is most likely to bring you good than those who are not.

This is one problem in these exchanges, and without solid regulatory boards, these exchanges can do anything as they please to lure various altcoins to their exchange, profiting a lot of money. They does it to increase their trading volume and activity, thus making it look like their exchange is highly active, has a lot of user base, and therefore profitable, which is not the true case. Only few exchanges are honest in reporting their trade true trading volumes and these are the ones you can really trust.

We can have different scenarios here that may explain these transactions. Its either:

(1) There is a single owner that suddenly remembered about his bitcoins and decided to use them or suddenly found his list of public and private keys, or

(2) This could be a group of early bitcoin holders that had talks and decided now is the time to pull out or transfer those bitcoins.

Either way, 8 years is way too long and I it's unlikely that it's planned. It's maybe a forgotten asset and remembered, while luckily keeping private keys safe.

I personally think the price of bitcoin is most of the time manipulated rather than pure crowd's demand surge. These whales are manipulating the market to their advantage, and we may see the waves come back at us and these whales starts dumping while people would still think it's just temporary dips. I can't see strong correlation with China's recent statement since it is only for blockchain and they're still against Bitcoin usage.