Given that the Middle East controls the world's oil supply, Dubai time is probably the most useful when pumping gas.

Ask anyone from Venezuela how they feel about inflation. Ask anyone who was an adult in the U.S. in the 1970's what they think about inflation. I'm guessing that you don't think inflation is bad because you have never really experienced it.


You may be happy to know that your suggestion of giving new coins to miners is how it works right now. The current Bitcoin inflation rate is about 4%. It will drop to about 2% in 2020.

Mac users, in general, believe that they are immune to viruses. I agree that people should be more careful, but they won't until they realize that there is a real danger.

At a certain time at the equator, you are traveling in a direction at about 65.6k mph, and then about 67.6k mph in that direction 12 hours later. The change in speed is about 2000 mph over 43200 seconds, which is an overall acceleration of about 0.0463 mph/s. That's nothing compared to falling, at 21.8 mph/s, which is why we don't fly off the earth. If we accelerated at that rate when we started walking, it would take over a minute just to get to a normal pace of 3 mph.

The price has risen 10% above the low 6 weeks ago. Are you sure we aren't already in a recovery?

You can try contacting the FBI: https://www.ic3.gov/complaint/default.aspx

Sorry, I know very little about PHP, but this might help: https://www.example-code.com/phpext/ecdsa_sign_data.asp

While the concept may have some merit, the standard implementation of a MACD is a comparison of two weighted moving averages that are misaligned, and the result is mostly noise.

Many people assume that legal tender must be accepted for payment, but that is not correct.


Spending money in a shop is not the same as paying a debt.

Yes. You are correct. Many people (such as Autumn_Rain) don't understand how it works.

Here is how pump and dump really works:

• 1. The scammer buys the coins. Usually the buying is done slowly in order to prevent lack of liquidity from driving the price up, but sometimes the scammer is willing to let the price rise and pay more. See (A).
• 2. The scammer promotes the coin in various ways on social media. This is the "pump". See (B), (C), and (D).
• 3. If the scammer's promotion is successful, the price begins to rise as more and more people are suckered into buying. Contrary to popular belief, this is not the "pump", #2 is the pump.
• 4. As the price rises, the scammer sells to the victims, getting a better and better price until they have unloaded their coins. This is the "dump".
• 5. Eventually, the demand for the coin dries up and the price plummets because there are no buyers and everyone is selling. Note that the scammer has already sold all of their coins before this point. People that don't sell or are "buying the dip" are left with coins that are as worthless as the were before the scam started.

Contrary to popular misconception, the scammer (or manipulator) doesn't drive the price up by buying because that is too risky and it generally doesn't work.

Notes:

• A. If the scammer is reasonably skilled, they may intentionally allow the price to rise when they are buying even though it increases their risk of loss. They make the rise part of the story that they use to convince the victims to buy.
• B. In the classic "pump-and-dump", scammers promote the coin by simply posting lies about how the coin is going to explode or "moon" on forums, twitter, reddit, facebook, etc.
• C. One popular pump-and-dump scam is a newsletter or a "signals" group. The members are the intended victims. In this case, the scammer simply buys a coin and then tells the members to buy it because it will go up any day now. This is basically the same as a classic pump-and-dump, but it is more sophisticated as it attempts to scam the members over and over.
• D. Another popular pump-and-dump scam is a "pump" group. Again, the members are the intended victims, though members may be led to believe that non-members are the victims. In this case, the scammer convinces the group that if everyone buys at the same time, the price will go up and they can sell at the higher price. Of course, that doesn't work. What really happens is that the members buy from the scammer at inflated prices and then the price collapses.

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I think that it is misused. The newbies here have never learned what the term "pump and dump" actually means. They see the term "pump" describing the price going up and the term "dump" describing the price falling, but they just don't know that "pump and dump" means something very different -- it's a kind of scam.

It is unfortunate that scammers take advantage of the ignorance and confusion. They convince these newbies to join their "pump and dump" groups, telling them that they can make money off of "pumps" and "dumps". But these groups are real "pump and dump" schemes that actually prey on the members instead.

Perhaps you are doing everything correctly, but instead the real problem is that channels don't actually exist. Perhaps your situation is similar to a ghost-hunter saying "I have all the right equipment and this house is known to be haunted, but I just can't detect any ghosts."

Your thinking is too polarized. You are thinking all-or-nothing. There is no reason that Bitcoin can't be used as a currency while it is volatile. The reality is that it might be less used when it is volatile, but that is not the same as not used.

It's a scam. Don't send them any money. The site is less than 2 weeks old and it is a copy of the cex.io site.

People like to believe that there is a correlation between halvings and bull trends, and they make up faulty explanations to support their misconceptions. The most common explanation is the "reduced supply" explanation, which is simply not true.

If you actually look at the history, you will see that the trends do not actually coincide with the halvings. There is actually is a low correlation when you don't cherry-pick just the trends around the times of the halvings. In other words, there have been many ATHs over the last 10 years. The fact that two of them happened near the occurrences of the halvings means nothing.

The blockchain industry is tiny. I don't think there is a good reason for any women to feel intimidated, nor do I think there are any real "barriers to entry". It wouldn't take many women at all to dominate the industry and if there are any barriers, there is no reason why they can't just go around them.

The ECDSA and the SHA-256 hash are unrelated cryptographic operations.  It is convenient that they are both 256 bits, and it is not completely a coincidence.

Signing a transaction is complicated, but the Bitcoin wiki goes into detail about how it is done. The signature proves that the spender controls the address associated with an output. The output of a transaction contains the address (in binary), and in order to spend the output, the public key is provided to show that the proper address is being spent and the private key is used to sign it.

There are literally dozens of coins that are backed by gold. Here is a list: https://www.cointelligence.com/content/gold-backed-cryptocurrency/

I can think of two issues with gold-backed coins:

1. Who pays for the storage of the gold?
2. Who guarantees the company behind the coin?

That makes absolutely no sense. Think about it. If a whale has a ton of coins, they want the price to go higher, not lower.

For example, let's say you are a whale with 100,000 BTC, currently worth about $350 million. Would you drive the value of your coins down by 20%, or $70 million, just so you can save $7 million when you buy another 10000 coins? Lose $70 million, but save $7 million -- sounds like a great plan.

This question should be posted in or moved to the Bitcoin Technical Support forum.