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2541  Other / Beginners & Help / Re: How do I completely, and I do mean completely hide my tracks on the internet? on: December 19, 2021, 05:53:48 AM
I would do what o_e_l_e_o suggested. If there's a business in their or a free wifi then you should connect to it as it can't link to yourself
o_e_l_e_o actually suggested not using a a public WiFi which would actually reduce your privacy and leave multiple tracks that can be traced or even compromise your security, such as how using a VPN could expose your IP address and other information to their server.

Hey there everyone, I'm looking to achieve the peak security and privacy while I deal and transact with cryptocurrencies and I gotta say that my line of work I'm looking at isn't the most ethical,
I would add that when privacy features are suggested on the forum, it's usually because there are ethical reasons why an individual would not want all their information to be publicly available, I'm a bit skeptical if you have unethical ones.
2542  Other / Meta / Re: Does DT abuse exists? on: December 18, 2021, 10:14:39 PM
According to LoyceV, You you can add your alts to your DefaultTrust list. But, Don't add your main account on Default Trust list from your alt account.
Thinking of it that way, I guess it could have its merits, especially if you visit the forum from different accounts regularly and may not want to log into your main account anytime you wish to leave a feedback, in that case, trusting your alt isn't such a bad idea, but I feel this should be done for known alts of that user for it to remain ethical.
2543  Other / Meta / Re: Does DT abuse exists? on: December 18, 2021, 09:46:47 PM
How do you Trust that user's Judgment if he never left feedbacks to anyone? I guess the only exception can be with your alts. That means you trust your alts and yourself. I guess there is no issue.
This is actually more of an issue than the one the actual topic is pointing out. Trusting yourself or meriting yourself through alts is abuse as you are appraising yourself and giving yourself some sort of reward where there is a strong motive for bias. Why would you even need to announce that you trust your own judgement?

Another Possibility can be Judging from Flag Support/opposition. Is it enough to add someone one your DefaultTrust List? If so, This thread is waste of time.
This is one way to assess a user's judgement, but I would not use it alone as many would just follow the mob and support or oppose whichever side the majority is on.
2544  Bitcoin / Bitcoin Discussion / Re: What are the Similarities and Differences between Bitcoin and 'Bitcoin Trust'? on: December 18, 2021, 05:42:13 PM
Please I'll like to know if it is the same as Bitcoin or if it is different.
It is a different coin from bitcoin, which is built on a different algorithm from bitcoin. You can check their thread on the forum for more details; https://bitcointalk.org/index.php?topic=5274972.0
There are so many forks and coins with a similar name, but there is only one bitcoin.
2545  Bitcoin / Legal / Re: Kraken closed my account, stole my assets and doesn't reply on: December 18, 2021, 12:04:55 PM
Quote
I already opened a topic in another category, but as I'm looking for legal advice, I should have posted here I guess.
Not really, I will say the thread you have already posted is the appropriate board for this topic and you have already gotten as much advice as you will get on this forum. This board is for more general legal issues relating to bitcoin as you will see in the description; Legal issues related to Bitcoin. Regulations, tax codes, etc. and not for personal legal counsel.

There should be some sort of reputable legal firm around that you can approach for legal support to pursue your case, that will be a pretty good place to start, and would give you actual advice that would be most relevant to you.

Be wary of PMs from users looking to help you in one way or the other, scammers can try to use desperation as means to scam you.
2546  Economy / Speculation / Re: Some important things about Bitcoin. on: December 18, 2021, 09:18:23 AM
From the topic title, I would not call price discussions; Important things about bitcoin, that would instead be topics on the actual network development and use in every day life.
Also, there is really no need to talk extensively on previous price movements, as it is publicly available information for everyone to see if they are interested in it.

From my point of view, it seems that the market will rise and fall. If the condition of the market is good then the price of coin will increase. If the market is bad then the price of coin will decrease. This is easy and normal.
That is what volatility actually is; rise and falls of the market depending on the market factors.
Resizing your image helps to make your text readable.
2547  Other / Beginners & Help / Re: Is it possible to get backlink from bitcoin.org? on: December 17, 2021, 10:04:32 PM
But they are not ranked. So, I'm looking for some good backlink so that newbies don't mis-guide by the shit article. What do you think? Is it possible to get get link from bitcoin.org?
You do not need backlinks from bitcoin.org inorder to get ranked or to come up as some of the top results when searches related to Bitcoin are made.
You primarily need good, accurate and marketable articles on your page which is capable of attracting users after reading a few lines, then you need to maximize the available ad options to decide how to get those viewers to read the article.

With more recognition and relevance you could eventually get the backlink you want, but you shouldn't depend on that this early on.
2548  Other / Beginners & Help / Re: Public vs. private keys on: December 16, 2021, 07:11:16 PM
Let me see if I can make my question a bit more clear: I open an account in an exchange. Automatically I get a wallet in that exchange. MY wallet.
I get another wallet. Also MY wallet.
What exchange are you using? So you get two wallets automatically when registering?

I can withdraw my coins from either one of the wallets, or I can receive the funds in the other one. To send the coins I need the private key from the wallet sending them. However, to receive the coins, I only need the public key from the wallet receiving the coins. At least that's what they show on the videos I watched.
If I understand you, One of the addresses is for sending out, i.e, you own the private keys, while you can use both for receiving?
Firstly, exchange wallets are usually custodian, so you probably do not own the private keys of any of the wallets. But lets take it that in this scenario, you do.
- Yes, you need the private keys to send,
- No, you do not need the public key to to receive, you only need the public address, both are not the same.

So it would make sense, so as to not expose your private key, to do the transaction from the sending wallet , which you can make with only the receiving wallet's public key.
I do not clearly understand this part, however;
- Your private keys are not exposed when you sign a transaction.
- Every private key associated to a bitcoin wallet has a public key and also a public address,
- Your public key is what is exposed when you sign a transaction, reason wallets change addresses after each transactions on some wallet software.

I don't know if I can upload a video in here, so as to show you guys what I mean.
You could just easily drop the youtube link.
2549  Other / Beginners & Help / Re: Public vs. private keys on: December 16, 2021, 05:53:51 PM
Whoa! Hold on. Is there a difference (when talking about keys and addresses), between Bitcoin and other coins?
What I've seen is that, to transfer your coins from your exchange wallet to your software wallet, you use your software wallet's public key, and to transfer funds from your software wallet to your exchange's wallet, you use the exchange wallet's public key. Basically meaning you can keep your funds safe by never using your software wallet's private key. Do you need both?
Considering you are trying to understand the concept, I will say you should remove the part about the exchange wallet and understand the basics first, before trying to apply it to different concepts.

If you create a bitcoin wallet, what you own are set of keys (public and private) which you can use to access sets of inputs and outputs on the blockchain; all the keys are derived from the seed phrase.
Your private keys are derived from the seed phrase and is used to sign transactions, reason why it is commonly said, 'Not your keys, Not your coins'.
Your public keys are derived from your private keys, it sort of serves as a layer of security to verify the signature.
Your public address is a hash of the public key and is used to receive inputs to a specific wallet, it determines destination, sort of how a home address works.

This derivation pathway is not backward compatible, i.e, you cannot generate the public keys from the public address, or the private key from the public key.
To send a transaction, You need the private keys (and by extension the public keys, to check the signature),
To watch a wallet (only), you need the public keys,
To select the destination of an input, you need the public address.
With a non custodian wallet, which most exchange wallets are, you only have a public address which you use to receive inputs, when you send out you do not actually sign transactions, but only send a request to the exchange server to complete (sign) a transaction.
2550  Bitcoin / Bitcoin Discussion / Re: What is the fundamental goal of bitcoin on: December 16, 2021, 03:27:53 PM
I do not think there is any fundamental goal of bitcoin. It is simply a peer to peer network that functions without the need for a third party, You can choose to use it as an alternative to fiat or as a replacement if you have enough outlets that accepts it as a currency to survive on.

If I'm forced to choose, I will say it offers freedom as you decide how you want to store it and also use it.
2551  Bitcoin / Bitcoin Discussion / Re: Tell one good reason why Satoshi should come back on: December 16, 2021, 12:18:36 PM
Satoshi is of course a very brilliant mind and as such, if they return to the bitcoin space (anonymously of course), they can offer a whole lot to the network as bitcoin improvement proposals and other contributions. I however think such an occurrence would take a whole lot away from the actual product and all attention would once again be about who is satoshi.

There would also be a level of centralization to how the network operates if Satoshi returns, I would say it is perfect the way it is right now.
2552  Bitcoin / Bitcoin Discussion / Re: If I had bought bitcoin 10 years ago, I would have been a millionaire: Not true on: December 16, 2021, 12:09:24 PM
I would say you are right that majority of people would not have held through all the price crests and troughs over those years, particularly when you consider how many ponzi scams were present during that period, and how little information was known about the bitcoin network, In my opinion, very little of the population still know about bitcoin, but there is a growing sense of legitimacy about it, in addition to the potential for profit which is enough for most.

Although there is still a small part of the population who fully understood and trusted the network to utilize it properly from the start; this does not just involve hodling but also using it as a peer to peer currency.
2553  Bitcoin / Bitcoin Discussion / Re: Fed To decide the future of assets purchasing 14th December on: December 14, 2021, 09:12:12 PM
I do not think some buy orders on a a single exchange is enough to be news worthy or does it need to have anything to do with some upcoming FED conference. This seems like a pretty cheap way to push out some articles while trying to use the Bitcoin community to gain traffic.
2554  Bitcoin / Bitcoin Discussion / Re: Understanding the Ponzi Narrative on: December 14, 2021, 08:34:06 PM
People compare bitcoin to a Ponzi scheme because the price increases when more money flows into the underlying asset.  If I buy for X and sell for X+100 that 100 profit of mine came from another person who bought into the scheme after me. In the eyes of many, this is dangerously close to how Ponzi schemes generate value.
The price increases based on a number of factors and not simply cause new investors buy in. Using that analogy, if you buy at Y price and sell at a loss of $100 what would that situation be?

What is the best argument against the Ponzi scheme narrative?
Bitcoin is not even a scheme at all, it is simply a digital currency with some pretty cool features. No one should get into bitcoin with the sole purpose of profiting, rather they should be interested in the usage.
And all investments grow with more adoption. If you bought facebook stocks in 2012, you were expecting it to get more popular and grow in adoption which will lead to an increase in the asset value. That is how product growth works.

In what ways are Ponzi schemes different from bitcoin?
Ponzi schemes are frauds, bitcoin is not,
Ponzi schemes promise returns on investments, bitcoin does not,
Ponzi schemes do not have actual value, bitcoin has real life utility.

How do they generate value differently?
Bitcoin does not generate value, it has a real life utility and as more people realize that, its market value grows. Ponzis depend entirely on new investors and has no product value.
2555  Bitcoin / Bitcoin Discussion / Re: "Only invest an amount you can afford to lose" on: December 14, 2021, 11:46:49 AM
but I think bitcoin is a lot less risky of an investment now compared to the past few years despite it still being volatile.

Thoughts? Opinions?
Yes, I agree Bitcoin is a lot less risky than it was a couple of years ago and with the management of fiat it is becoming more prone to inflation and supply shocks making it not ideal for storing wealth, I would however not recommend investing more than you can afford to lose at a time. The comfort of holding is being able to hold through different markets, bear or bull. However, if you hold amounts you could very easily need in the near distant future, you can not comfortable hold and would have to sell to settle life issues, and it could be at a time when the price is not very very attractive.

Investors can on their judgement decide to buy heavily into Bitcoin regardless of the general advise, but that would be a personal decision and not as a result of suggestions from others.

in our current situation where fiat is getting printed like hell, I started to use that statement less and less. It just seems that holding bitcoin is now totally necessary.
There are other means of hedging funds besides Bitcoin and fiat.
2556  Economy / Trading Discussion / Re: Is the market going to dump like that 2018? on: December 14, 2021, 05:27:01 AM
I have lost a lot by investing myself.
Remember that you only lose when you cut your losses and sell off. this of course comes after you have done your research and decided on what asset to buy considering the fundamentals of the project. Many coins in the crypto market do not have an active product and are only built on hype, those may not recover when they dump.

I don't really understand which way the market is going or will go. What do you suggest in such a situation? 
As an investor you do not have to determine where the market is going nor can you. You simply;
- Do your research before buying any asset,
- Buy only what you can afford to lose,
- HODL!
2557  Bitcoin / Bitcoin Discussion / Re: Bitcoin the fundamental tool for economic liberation/independence on: December 13, 2021, 08:54:08 PM
The Satoshi idea to cryptography was the scalability Of all financial transactions which translates to decentralization and financial independence to or users, whether be It individual or government.
You got the last part right about decentralization and financial independence to its users, and governments are not left out as they are free to hold bitcoin.

Take El Salvador for example the country now accepts Bitcoin as a legal tender and also holds a large percentage of the country treasury in Bitcoin. Let say bitcoin rise above $100,000 in the nearest future the country will stand to profit large interest
While there is great potential for bitcoin to grow, it is not an ideal strategy for a country to be speculative about its reserve funds. While bitcoin can grow over $100k, it can also fall below $40k and enter a bear market. It is a positive development and a move I believe would pay up, but I do not believe nations should look to bitcoin for speculative profits.
2558  Bitcoin / Bitcoin Discussion / Re: 11 years without Satoshi on: December 13, 2021, 05:04:52 PM
Satoshi is possibly viewing everything happening around the bitcoin space from a remote beach and wondering what the actual purpose of NFTs are or what the next trend in crypto would be.
I was discussing the topic of Satoshi a couple of days ago with a friend, particularly how "he" managed to remain anonymous all these years while resisting the urge to tell everyone who you are, I may not be the brains behind it, but i will say whoever it is, besides being brilliant in tech, they also have incredible discipline and character and a bold resolve to attempt to change the world.

Would having Satoshi around make that much of a difference?
I think so, the mere presence alone of the founder would give them so much influence that could greatly affect the market. Imagine some of those stashed coins attributed to their address were moved suddenly, the tabloids would have a field day spinning articles about how the founder may have lost faith in their own invention, sparking a massive sell off.
2559  Economy / Economics / Re: The tampering is making markets unstable on: December 13, 2021, 04:04:08 PM
I don't believe that the possibility of war would anyway bring down the price of an alternate asset like Bitcoin and ETH. On the contrary, the potential of a war would increase its price because war always affect mainstream economy in a big way.
Anything that affects mainstream economy is almost certain to affect alternate assets as well, for one it would slow down investments as new investors would be very skeptical of the looming threat and would rather hold their funds in very liquid assets. it could also have a positive effect as people look to hedge their extra funds, and what better asset to do so with than one which is digital (easily moveable) and decentralized.

I however think there would be any reaction to a possibility of war as humans naturally would not react to that, unless there is some sort of action on one or both sides.
2560  Other / Beginners & Help / Re: Is post and activity the same? on: December 13, 2021, 12:52:47 PM
Sincerely speaking, someone with just 4posts count is not supposed to discover that post is growing more than activities.
They technically do not have to discover it using their own accounts, reading through the forum and viewing other users who have a disproportionate amount of activity and post is enough to stimulate curiosity and cause newbies to ask.
On their own account, they can also notice the time gap between when activity matches up to posts.

I'll rather advice you pay attention to the most important of them, that is the merit. Thank you.
I'll wouldn't advise hitting newiws down for their curiosity, a lot of the forum is confusing to new members and they should feel free to ask questions whenever they get confused. Merits should not even be focused on as it causes some users to write simply for that purpose.
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