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2581  Bitcoin / Bitcoin Discussion / Re: 10 Years From Now: Bitcoin Overtaking PayPal? on: October 16, 2019, 11:20:31 PM
I think that it is hard for Bitcoin to overtake and replace PayPal 10 years from now. I know that Bitcoin has made a good job until now in 10 years. But Bitcoin has a long way to go to succeed on that I think.

You seem to forget something. Paypal is a company, it can close. Bitcoin is not, therefore the answer is obvious: there will come a time when Paypal is no more, but Bitcoin will continue to exist.

I don't know if you would call that overtaking, i guess it is, simply because people will see less and less reason to use Paypal. The original purpose of Paypal is now gone, it fulfilled a niche while there was no electronic money replacement, but now that there is, as they are right now they are redundant. So unless they embrace the new reality, it will simply cease to exist.

Which is why i gave the earlier suggestion. While many money handling institutions are in the same position, Paypal is far more weak than a Bank.

Thankfully Elon sold the thing while it was worth it, at least we got Electric Cars, and private rockets going orbit from it...
2582  Bitcoin / Bitcoin Discussion / Re: Cryptocurrency in the next financial crisis on: October 15, 2019, 08:59:01 PM
Life is rather uncertain nowadays as anything can happen at any time and we would be caught off guard. That’s also one way to describe the current economy at this stage. With the world’s economy expanding and expanding there have been more crashes as the years go by and they are becoming more frequent and some say at any moment one could happen.

So you are left with a situation in which the money you currently own, fiat money: the dollar bills & coins, will become worthless and you cannot even buy anything you need to survive on a day to day basis. In this situation, people will have to resort to a system of bartering like in the stone ages. I guess if you have a lot of stuff with value you can trade that would be great, but a majority of people don’t have such a stash. Things can get ugly real fast.
   
Therefore, in such a doomsday situation you have to come up with a situation in which you can trade with people in order to survive. There are two solutions I can come up with, either using precious metals such as Gold & Silver or using Cryptocurrency. Considering that fiat currency is useless, Cryptocurrency might raise in value so that it can be useful as a means of trade as long as the Internet still exists which will most likely be the case.


That is what history tells us, but its not just metals (or crypto), but anything that is deemed to be valuable. After Germany was defeated in WWII, their money became worthless, and people were using cigarettes or bottles of liquor the occupation soldiers would gladly exchange for their foreign currency.

Just about anything that doesn't perish can be used, and perishable things too but with a very limited timespan. Of course bartering is also done, when possible and if convenient for both buyer and seller. Say flour for eggs or such, rather than go fetch a wheelbarrow full of banknotes that lose their value from the time you are told the price to the time you actually deliver it, and that is when you don't have a crisis getting the actual banknotes in the first place.

In this forsaken country, you can only withdraw a single banknote per day from a bank. They made 3 types this year, and the biggest one is equivalent to just 2.5 USD at current exchange rates.

The "socialist" government just rose the min wage, 7 TIMES. Wow, applauds the left, until you find out this means that, today, the wage went from 2 USD a month, to 15 USD a month, for a full time job. At the current inflation rate, it will become 2 USD again in a couple of months, give or take...
2583  Bitcoin / Bitcoin Discussion / Re: Bitcoin - Store of Value or Method of Payment on: October 15, 2019, 08:34:08 PM
I've recently meditated on this thought. We all want businesses to adopt bitcoin as a payment method and people to pay with it, but I think most people are rather avoiding to spend their BTC as they see it more as a store of value that will bring wealth to them over the next years. So they are more likely to keep their BTCs and spend the fiat currency, thus the use of BTC in day-to-day transactions won't probably go up until people actually get their wages in Bitcoin denomination. But in order for companies to enable that so it will be convenient for both the employee and the employer we need to have the infrastructure in place, including regulations and major stores in the cities accepting BTC.

What's your thoughts on this? Do people prefer to spend their BTC or do anything( maybe even taking a loan) to protect them?

It is both. As with any deflationary coin, people will tend to save as much as possible, and only spend the absolute minimum. Of course, if people still have earnings in inflationary fiat, they would spend that first, and exchange the rest.

Loans are a bad idea, just live managing your current income. You have to learn to go from a debt mentality to a savings mentality, it is a big shock in the western hemisphere, especially in America where the school of Chicago reigns supreme.

If your income is in bitcoin, its even easier, if not exchange what you can save for long term into bitcoin is good.

But, do not think it will bring you "wealth over the next years". Those bitcoins are first preserving the purchasing value of your money, and only slightly possibly give you a bit of profit, unless you are trading, but that's another subject entirely. For "holders", the right mentality is to stay cool and wait the years to pass, use only what you must.

Think of gold, it if wasn't dangerous to store and handle your own gold, you would buy gold and keep it safe by yourself, only selling small amounts from time to time for daily use. Well Bitcoin is like gold, but much much safer, and you can probably remain hidden from criminals if you do things in moderation.
2584  Bitcoin / Bitcoin Discussion / Re: Why Didi sold everything for Bitcoin on: October 15, 2019, 06:43:05 PM
Yes diversification is always smart. Putting all your eggs in the same basket, is asking for trouble.

But in principle, if the amount is large enough, it could work. Even if it means that, sometimes, exchanging at low price would mean "losing" as opposed to having left that in fiat. However, in theory, this should average in times where price goes high.

By going deflationary, this person only needs to use what absolutely must for daily living expenses, and keep the rest as savings. I assume all income will be converted into bitcoin no matter what, and this needs discipline. In the long run, it does work, but slightly. As long as you have some steady source of income, and not expect to pull it out all from the bitcoin exchange difference.

But even if bitcoin does goes low for a long time, it will recover. But can you survive this period going minimum expending? It might be quick, it might be long. This is something you only consider if you live in a country with good strong fiat currency. If you live in my place, you don't have to think anything, everything to bitcoin is your only way from saving whatever you can (unless you have access to foreign currency, which is not exactly easy or safe).
2585  Bitcoin / Bitcoin Discussion / Re: 10 Years From Now: Bitcoin Overtaking PayPal? on: October 15, 2019, 06:27:38 PM

There is no question that bitcoin is evolving and whether it is in the direction that it should be or not that can be subject to some discussions and debates. Soon we may witness bitcoin to be the viable platform leading the way in the global payments industry and possibly diminish the strong leadership of PayPal.

However, this road will not be a walk-in-the-park because for now, is the lack of interest of people who have bitcoin to use their cryptocurrency to pay someone or to pay for products/services. Of course, we know why this is so. The answer is speculation. And speculation is always appealing to our natural greed...that idea that soon bitcoin can go as high as $20,000 so I will do everything possible to hold on to my bitcoin no matter what.

We are all generally greedy and speculative...something that no technology has no cure at all. However, I am still hoping that one day bitcoin will have less volatility and by then can fully play its role as a real currency and hopefully can overtake PayPal...but for now let's just enjoy the roller-coaster ride anyway there is no deadline so why worry or complain.


Paypal would be smart if it became its own bitcoin payment processor, ie. another Bitpay. In an ideal world, were merchants take bitcoin directly, the likes of Paypal are redundant. Of course, credit/debit card for online purchases become redundant as well, bitcoin can already fill that role perfectly and cheaply.

You shouldn't expect bitcoin price to rise up significantly anymore, the more time passes, the less it will go up. Waiting for such huge jumps might be a thing of the past.

You know what was big? Going from 400 to 2000 (5x) May 2016 to May 2017. 10k to 20k? That's like going from 400 to 800 (2x). See what i mean? Yes, bitcoin price will keep climbing, but not as dramatic as before, so stop getting in expecting to become rich overnight. Get in, knowing that you will preserve value overtime, as opposed to lose it overtime if you keep it in fiat.

So today is 8k if it "doubles", that would be 16k. It is "nice", but not as outstanding as 2016/17, or the years before.

2586  Bitcoin / Bitcoin Discussion / Re: Stop Inflation With Crypto? How? on: October 15, 2019, 05:02:23 PM
Actually Inflation is a blessing in disguise. Inflation creates increased supply of money in the Economy and thus creating economic growth too. People agree that $1 had much more purchasing power 50 years ago and now we can purchase a lot less things with $1. But what they don't see is how the incomes around the country too have increased at a similar rate. Also the standard of living too of people have increased. The HDI too has increased. These actually are parameters of a happy life. Crypto may not have this advantage as they could lead us into a Deflationary spiral.

School of Chicago dogma (and lies). No, it is the opposite. The money you refer as "creating", does not exist anywhere. It is from the legalized Ponzi scheme known as fractional reserve banking. This is what produces bubbles, which inevitably pop later.

With deflation, people save money, and only use what they need to use. This means the time they want to invest, it is backed with real money, not thin vapor. It is "slower", but compared to your vapor based economy, it never pops up.

If you don't get it, compare the purchasing power of 1oz of gold.

Deflation is the blessing, inflation is the curse (and time bomb), it is what causes bubbles, such as the 2008 housing bubble. Until you get the Austrian School of economy, you will always live in the dark, spreading the only thing you learned, the dogma from the currently dominating school of economy.

Once you get how a deflationary economy works, you will stop spreading this nonsense. The good thing is, no matter what you think, you cannot stop Bitcoin.

Start reading: https://mises.org/
2587  Bitcoin / Bitcoin Discussion / Re: Bitcoin is the Pepsi to Coca-Cola :-> on: October 15, 2019, 04:10:02 PM
I just watched a documentary about the mighty Coca~Cola and how Pepsi found a loophole to compete with Coca~Cola, when several others failed.

Coca~Cola in this example, represents government's Fiat currencies and for years nobody was able to compete with it, because it was the giant in the Industry and it crushed it's competition.  Wink

Lately the decision to use Fiat or Crypto currencies boils down to what people were used to and if the competition is better. Pepsi funded a blind taste test for 1000's of customers and 99% of people said Pepsi tasted better. So the label might influence people's decision to chose a specific option.

Fiat currencies are backed by governments and Banks and people have been using it for years, so the competition should be better and very well marketed for it to replace it.

The question is, are Bitcoin better and are we marketing it aggressively enough for it to be a better choice? People should be able to test it to make a decision and to be able to compare it.

Do you think enough people are given opportunities to taste it, to make that decision?  Huh

No, i don't agree with this analogy. If anything, Bitcoin would be perhaps a natural drink. Pepsi and Coca Cola is like comparing 2 fiats together, say, $ or €, they are almost the same thing, carbonated, sugar based, a bit of caffeine, etc. While Bitcoin is more like Gold.

FYI In the 80ies my country had higher Pepsi sales than Coca Cola (and Betamax ruled over VHS), then the local owners of Pepsi got into an agreement with Coca Cola and jumped ship (and Sony gave up in 1992). When that happened the flavor (of both) changed dramatically and suddenly Coca Cola had the higher sales. They are closer than you think.

The words "Coca" and "Cola" refer to a couple of ingredients no longer present in the current soda version, which is incredibly ironic. But the most prevalent one is sugar anyway (or one of those ugly artificial sweeteners, or a combination of).
2588  Bitcoin / Bitcoin Discussion / Re: Satoshi in Oxford English Dictionary on: October 15, 2019, 03:49:49 PM
Just remember, when you mean the coins you don't use capital letter at the beginning of the word. If you say Bitcoin, you mean the whole thing, technology, network, etc, while bitcoin is the coin only. Same thing happens to satoshi, but in this case Satoshi is a person, while satoshi is a coin.

Unfortunately if the word is the first one starting a paragraph (such as this thread tittle), it always use the capital letter leading to confusion.

So the news is actually that satoshi, rather than Satoshi, got into the dictionary.

To avoid this confusion, OP should rephrase the thread title. Something like:

Word satoshi in Oxford English Dictionary

If you want to refer to the coin, which is the case here. Oh and notice how the dictionary entry correctly used small capitalization: "a satoshi", NOT a Satoshi.
2589  Bitcoin / Bitcoin Discussion / Re: Stop Inflation With Crypto? How? on: October 15, 2019, 03:27:00 PM
Your thoughts on this. with the recent situation we face here in western countries. Like here in Canada. USA, Australia, Europe etc
we are constantly seeing inflation and our buying power decrease. Rise of poverty.
If crypto could save and prevent poverty.

Then what are your thoughts on how this switch over could really happen?

Do we all have to reach a ground ZERO, such as a situation like Venezuela. For everyone to trash their FIAT and accept a crypto system?

What do you think would it take for a switch to happen?

It would be horrible to think that all of us need to end up in poverty and below in order to have a mass acceptance of crypto?

what are all your thoughts on how a switch to crypto could happen?


Tell you something, people here have yet to trash fiat for crypto. Everyday you see more people using USD instead. Ironic isn't? There is some news here and there about some shop accepting crypto, or even a new ATM installed in the same shop, but its very rare and not what you would expect.

I think there is simply not enough knowledge about Bitcoin here.

Bitcoin is a deflationary coin, of course you can use it to prevent your money from losing value, and many people are using localbitcoins to buy (or sell), but for actual purchasing we still revert back to fiat, which is a shame.

If it is so hard HERE for the "switch", i can't imagine how it is in countries with such "perfect" fiat that barely lose 2% yearly. People seem more worried about the natural fluctuations (which are a sign of freedom, a strength rather than weakness) than the prospect of having preserved or even increased (because of fiat inflation) their purchasing power overtime.

It is funny/tragic, we do all ended in poverty here, and yet, there is no "mass" acceptance of crypto. One thing does not lead to the other, something else is needed. Maybe if the entire world economy collapsed (if only 10% of all the money is simultaneously withdrawn from the banks, it would trigger it). But by then it would be too late as all fiats would lose value simultaneously and people would simply not have time to move into crypto.

Sadly only those who have moved or at least diversified a part of their savings into Bitcoin, would survive such a collapse. No matter how much you would want everyone to get a clue, there are some (too many) that would fall behind. This is not Bitcoin fault.

From experience i tell you, once your fiat crashes, only then the "masses" get that they need to change their worthless money into something else, but then its too late and can't do nothing with their now worthless money. Its sad, but those that need it less, have higher chances to get into it than those that desperately need it more.

Unfortunately back when i didn't "need it", i didn't buy. Now i need it, but my worthless money can't buy but a few satoshis a month. Catch 22.
2590  Bitcoin / Bitcoin Discussion / Re: Earning Interest with Bitcoin? on: October 13, 2019, 01:24:27 PM
I have come across such offers several times but have not accepted.
First of all, bitcoin is not regulated in my country and there is no legal protection in such offers.
And second, why borrow bitcoin and risk because of 2-3% interest if I can just hold bitcoin and earn much more.
I'd rather deposit some of my crypto earnings into an investment fund, completely legal and in accordance with the law, and wait for safe earnings.

You are mistaken. Those interest rates are yearly interest rates against bitcoin, not against fiat. The idea is if you lent someone 100 BTC in Jan, by the end of Dec you would end with 102~104 BTC.

But of course there is no State protection, you are risking your coins when you lent it to others. If you do it in an exchange you just hope that exchange doesn't go bankrupt.

What you say implies exchange into fiat, and there you have all the traditional methods and there is no point comparing.

Indeed something like 10% yearly for bitcoin is way too high, i find it highly suspicious to say the least. Its not impossible to briefly see this when margin traders go crazy sometimes, but its not like you lent them for a whole year, two months is the maximum i have seen but you most likely end with a 2 day thing at best. And then 2 days later the interest goes down to like 2%, on average it goes around 4ish like the gambling sites offer.

Indeed any positive interest rate against a deflationary coin is quite high, and usually risky. Collateral helps, i suppose.
2591  Other / Politics & Society / Re: Journey to the Mars,Elon Musk vision! on: October 12, 2019, 03:55:36 AM
How would humans develop and adapt to the lower gravity for long periods? Also living indoors, possibly underground years and decades, rarely ever going out in full space like suits? And what kind of people would want to live there and even pay for the ticket themselves? How would they earn their living there?
in fact, your question is only a technical matter,
and surely ELON had thought about it long before he planned a colony on Mars.

Remember, Elon's intention is only to provide the transport service, he expects the people that goes there to solve the rest. He is thinking the Railroad conquest of the west era, he wants to build the railroad and operate the trains and stations, nothing more. He doesn't even want to go there himself.
no, ELON has already tweeted that he really wants to detonate Nuclear Bombs on Mars (the NUKE MARS project)
so, that Mars can become a place to live, you can see it on google about what he plans to make a colony on MARS,
and not just as a human transport service to MARS.

The nukes to provoke a nuclear winter and then a greenhouse effect is a very old theory that seems to be dismissed by the current scientific community (as terraforming method). Besides, no one is going to give him the nukes.

The railroad thing was mentioned by himself in one of his conferences, i don't think he wants to get involved in the actual building of colonies or terraforming Mars, beyond "giving ideas" for others to try, just like Hyperloop.
2592  Other / Off-topic / Re: New Hidden Wiki Link 2019 on: October 12, 2019, 03:28:48 AM
Is it okay that I get a 502 error?

You need Tor browser to access The Hidden Wiki.

No you don't. What you need is Tor, and configure your browser to use it. Anything with .onion needs it, it is a resource not in the normal internet, it only exists in the Tor network.
2593  Bitcoin / Bitcoin Discussion / Re: Bitcoin Nodes in Space? on: October 12, 2019, 03:17:56 AM
what kind of catastrophic event are we talking about here that could lead to annihilation of all nodes on earth worldwide that we need a space node?!! and what would we need that if the human race is extinct, or is it just extinction of computers on earth Smiley

I'm talking about a meteor or asteroid hitting the Earth in the future, as many scientists have already predicted. If this happens indeed, then expect to see the Bitcoin network weaken in its entirety like never before. Even Stephen Hawking predicted the extinction of the human race within 100 years in the future. We should be prepared for any catastrophic event, by preserving breakthrough technologies (like Bitcoin + Blockchain tech) as much as we can. With nodes on several planets within the solar system, the Bitcoin blockchain will live forever. Cheesy


That's a good thought, although like what was mentioned already, the Blockstream satellite is already operational. Also, one does not simply send out a satellite into space without having a special permission as it might interfere with aviation in general, and could be dangerous if left unattended. For deeper launches, it will require tons of money, careful planning and again, coordination with aviation authorities as this might hinder explorations and missions on space. Fascinating as it may all seem but it's tedious to the one who's gonna launch a satellite up there which will serve as a node.

The satellite works as intended but it's not the perfect solution for maintaining redundancy of Blockchain data. Currently, it's transmitting signals to Earth. But I'm not sure, if it can do the same to other planets as well. This may sound like a crazy idea for sure. Still, it's better to be prepared for the worse as no one knows what will happen in the future. As long as Bitcoin is able to live for centuries, then we should have nothing to worry about. Smiley

There seems to be some misconceptions here. Communication satellites are launched and operated by different companies/organizations, they let you rent "space" in them. The people running the Bitcoin thing, are simply paying for use of a small bandwidth data stream in various satellites. No one is launching anything here, unless you are Elon Musk...

And as i said earlier, if a catastrophic event occurs, keeping the Bitcoin network alive would be the lesser problem. So what if the "meteor" misses the satellite?, who will remain down to receive the signal?, and, who will keep sending signals to it? No, the satellite is not a running node, the actual node is on Earth beaming it up. You can in theory make a true node inside a satellite, but such thing doesn't exist, and it would need to be fed nonetheless with data from other nodes, meaning, an Earth uplink.

The moon is actually a (natural) satellite, but its not geostationary, like Sputnik was or the imaging satellites that keep doing circles instead of staying parked in a position in sync with Earth surface. It is actually cheaper to put a satellite in orbit than anything on the moon, and much much less laggy (closer).

The distance from ground to orbit is actually much smaller than from surface to the planet's core, i know it was a joke, but not a good one. There is such thing as ultra low frequency communications meant to do exactly that, and its not very quick. I believe submarines still use that. There is also the much simpler and old fashioned "short wave" band, signals that simply bounce of the ionosphere. It lets you pick up radio signals from the opposite side of the planet, without satellites.
2594  Bitcoin / Bitcoin Discussion / Re: Earning Interest with Bitcoin? on: October 12, 2019, 02:31:44 AM
Is this possible?  Example you lend bitcoin to something similar to like a bank and they give you interest on it?  Like how now they give you 2% interest?


I heard binance is doing something similar like that but it was like 10%? 

Yes its possible. There are some web sites for bitcoin lending, also in this very forum, and some exchanges like Poloniex and Bitfinex, but only if you are not American. The percentage varies constantly, this is money you lend for margin traders to use. Their system is "supposed" to force close them in time for you to always recover your money back with the interest, but the lending usually lasts like 2 days, it requires a lot of manual work or the use of a bot (Free open source exists).

Since its changing all the time, sometimes its poor like 2%, sometimes is high like 10%, its not constant, but you'd get an average. Remember, funds in an exchange could disappear overnight, as always with any online wallet, you never know; so don't think this is just "free" money, you are risking it.

Also some gambling sites do the same, they let you invest in their bankroll, but their yearly percentage tends to be lower, and it takes more time to see the benefits (as in months, where you can't move your funds).
2595  Bitcoin / Bitcoin Discussion / Re: Bitcoin holding will be worth this year or in the long run? on: October 11, 2019, 05:28:45 PM
I wonder  if they had the control over the price, they can make a bearish run or even they can wake the bull up? Well for sure there is only one thing to expect it is having a good price in the future. What is your thought if the 10 billion worth of bitcoin will move?

It doesn't matter. Any attempts of manipulating the price, will be short lived, it will return to its natural position (correction) sooner or later. For traders they can make profit (or lose, depending), but holders in the long run will keep their value.

This is the key: "keep value", as opposed to lose it slowly when using fiat (unless you live here, where you lose it quickly). Bitcoin isn't going to be a money making milk cow anymore, the more time that passes, the less difference in price it will have. So don't think buying bitcoin is going to double your money overnight, like it used to do years ago. Buy bitcoin, thinking that you are going to preserve the value of your money, as if you were buying gold.

This also means you don't need banks, and you will fare batter when the next bubble pops. Because as long as the world keeps following the School of Chicago dogma in economy, bubbles will form and pop, 2008 won't be the last...

Only the Austrian school of economy has the answer, to prevent bubbles to form in the first place, get rid of fractional reserve banking, and embrace deflation.
2596  Other / Politics & Society / Re: Governmental Ban on Crypto Open Source on: October 09, 2019, 09:53:06 PM
This would be like banning freedom of speech, and it wouldn't go very well... Forcing open source to go underground? Be my guest, they couldn't even get rid of The Pirate Bay, imagine making enemies of the whole FOSS community...

Some State institutions (including your always favorite 3 letter agency) have developed and supported their own FOSS projects, sharing them as they should. Crypto is a community based on transparency, no algorithm sufficiently reviewed and challenged openly can be considered secure, therefore this would be the same as banning security from the country. Ie. You can't have secure crypto algorithms without widespread peer review, so it would deny themselves the technology.

I seriously doubt this is real though.
2597  Other / Politics & Society / Re: Journey to the Mars,Elon Musk vision! on: October 09, 2019, 09:43:24 PM
The private company Spacex is getting ready to move the passengers from Earth to Moon by the year 2025 and also he mentioned that they will move 1 Million people to Mars and create the first civilization of Mars along with himself.

Do you believe this will become possible in the next five year? Or just a sci-fiction story!

In 5 years i don't think so. Perhaps you mean the first humans ever stepping on Mars, and perhaps they could set up a small base, but that is still far away from the plan of moving a million...

How would humans develop and adapt to the lower gravity for long periods? Also living indoors, possibly underground years and decades, rarely ever going out in full space like suits? And what kind of people would want to live there and even pay for the ticket themselves? How would they earn their living there?

No its not impossible, but i don't think it will be that big. Living on Mars won't be too different than living in a space station. And if a serious terraforming project ever starts, it would take centuries to develop.

Remember, Elon's intention is only to provide the transport service, he expects the people that goes there to solve the rest. He is thinking the Railroad conquest of the west era, he wants to build the railroad and operate the trains and stations, nothing more. He doesn't even want to go there himself.

Having the capacity to move a million, is possible, but i doubt the demand would come. What could possibly drive that many humans to move there? Oh and 40 minutes lag, you are not going to like the internet much...

But perhaps that business will finance SpaceX to then build a (proper) Space Station (with artificial gravity, such as O'neil tube or such).
2598  Other / Politics & Society / Re: What to do about people who believe that stealing is ok on: October 09, 2019, 09:14:03 PM
So making a huge profit on your invested capital is theft?  How about a 10% or %20 profit?  Is it still theft?  You determine what is theft and what is not?  So trading securities/currencies/commodities and making a profit is also theft?  How about capital gains?  Theft?  Passive income?  Theft?  How do you propose we should treat losses?  'Untheft'?  It seems like you need a completely new vocabulary to describe your system.  Does risk exist in your utopian world?

You are very, and I stress, very uneducated.  You think you understand the system, but you really don't.  I am really surprised you even function in the capitalist system.  Let me guess, you managed to have some shitty job, answering emails and having useless meetings, or worse, you work in retail.

Your objections to the current system are based on wishful thinking and are going against our human nature.  That is why the communist-inspired social structures never worked.  You are talking about utopia.

Let me guess, you were born after 1984, and as you were growing up your parents kept telling you that you can be whoever you want to be, that you are very smart, and that you are special, the sky is the limit, that you will be able to make a 'difference', that you can change the world and find your purpose in it; you received participation medals for the last place in any competition you have ever participated in.  Then you entered the workforce and your bosses told you that you are not that special, they offered you a mediocre salary with no room for advancement, and now you are very disappointed.  

I wish the Soviet Union was still around so that you can immigrate and experience a society where most of the productive capital belonged to the 'people'.

Like I said before, you have no idea what communism is.  Go visit North Korea.

The capitalist system is less evil than the communist system.  Ask any person who lived under both systems.  Don't be ignorant.

This is in fact how they see it, it is pointless to try to discuss this with communists. Any profit you make, is the result of "exploitation of the masses", therefore, you are a thief, and its only "natural" for the "proletariat" to seize it back, by force. Yes, its an ideology of violence, its called "class struggle" by them, something about Marx citing Hegels, blah, blah.

The Soviet Union is no more, but you can still try live in my country. See if 2 USD a month for a full time job is good to live, the "Socialist dream" here, where everything is free, but nothing works (healthcare, education, police, services, etc).

Funny thing is they seized "the means of production" from the "corrupt capitalists", and were "assigned" to the even more corrupt bureaucrats, who made all those companies go bankrupt. And now that the exploiter is the State, you cannot say a word or else you are an imperialist lackey and thrown to prison.

Now we have the highest inflation, and the highest emigration or the world...
2599  Bitcoin / Electrum / Re: How safe is Electrum wallet? on: October 09, 2019, 08:41:23 PM
I installed Electrum and created a wallet there. All I know is the seed generated. I don't know private keys from the Bitcoin addresses it manages for me. And I don't see an option to get them from there. So, the question is how safe this system is? Won't I lose my bitcoins one day?

You can format that computer and your wallet remains safe as long as you keep those seed words safe. Thats how safe Electrum is. In fact, it is much safer than the actual privatekey, which is a practice long abandoned due to higher risks.

The seed words serve to recover the private key anywhere. They are the most vital thing to protect, you can forget the wallet password and it doesn't matter, but this does. In fact you don't even need a backup, as long as you keep these words safe.

There is a method to obtain the privatekey, but it is intentionally hidden away, you should not be touching the privatekey directly ever. And, it would be wise to always handle wallets using a secure OS, such as Linux. If you are paranoid, you can boot a Live DVD/usbstick from a computer without internet (or hard drive) to handle the wallet creation.
2600  Other / Beginners & Help / Re: [Guide] How to Add image on Bitcoin Talk Post? on: October 09, 2019, 08:34:39 PM
Does this also work with other forums?? The bbcode? I am trying to upload an image for the thread I am creating and it is pretty important for the users to see the image.
So will this bbcode work elsewhere too? I am pretty clueless about this.

Thanks for this help.

Several forums use BBcode, and each have their different dialect. This is a Simple Machines Forum so you need to check the Simple Machine Forums BBcode dialect, as certain subtle things change.

But for posting images, the [IMG][/IMG] tag works fine across them all (if you are allowed to post images to begin with). Do however expect forum moderation to size down the images, don't be alarmed when this happens, they usually like them 200px wide or so, sometimes less.
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