Bitcoin Forum
June 16, 2024, 05:20:01 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 [136] 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 ... 268 »
2701  Economy / Services / Re: Painting services ✨ on: July 14, 2020, 05:58:48 AM
One of the most important part when selling an artwork is to make sure that the piece will not going to be distorted after a few months or years of age after the buyer receives your artwork.

Since you are using acrylic and oil painting, it would be better to use "fixative" for your artwork to protect your artwork from being scratched. Using fixative also maintain and improves the vivid colors of the oil paint you applied to your canvas. I've been using that clear spray for about few years now for my Graphite and Charcoal drawing to achieve a long lasting quality of the artwork they've commissioned to me  Wink

Fixative Comparison: https://www.jacksonsart.com/blog/2014/08/29/fixatives-are-not-all-the-same/

Just a heads up, accepting BTC or any other top cryptocurrency would be a good idea if you are selling services here. Nice meeting a cryptoartist here.

I was actually thinking of getting them framed and using a varnish if necessary , Thank you so much for your help ✨❤️ , unfortunately where I live there are very limited art supplies, I will try and find the fixative if I can , plus clear spray is a really good idea .
2702  Economy / Economics / Re: Proposed Bill Would Give Americans $2,000 A Month Until Economy Recovers on: July 13, 2020, 12:34:19 PM
There is a reason why its still proposed and not yet evaluated and in action , there is no way that everyone can receive 2000$ per month till the economy recovers. When they don't even have enough to buy masks and PPE for the Frontline workers?
This is absurd and they are mocking the whole system itself . We don't have any idea when this corona pandemic will subside but we do know one thing and that is *it is not going anywhere for a year or two* , how do they expect to pay 2000$ per person , per month for millions of them out there ? This is what a scam means .
They would either burn their whole economy down or make false promises and become the laughing stock of the whole nation , both of them is pretty sad . Don't give people false promises when you are just cooking up a recipe for self destruction of the economy yourself.
2703  Economy / Economics / Re: Maintaining safety measures after pandemic for human -economical- resources on: July 13, 2020, 06:43:21 AM
A nation economy can be sustained/revived by a sustainable human resources -work force-. Human resources are browbeat by
+ Disease and sickness like the covid-19
+ War,
+ drought,
+ disaster,
+ Mortality and more

For flourishing economy, nations should sort means to preserve there human resources -work force-, the pandemic covid-19 has begot a drop In human resources, some ill and at worse mortality rate rises  It has been dark times around the world.

To curtail the spread of the virus world health organization -WHO- had given some guiding safety measures
+ Washing of hand - sanitizer or soap-
+ Social distancing
+ Cover your face while coughing
+ Wear a face mask
+ No hand shake, avoid touching facial orifices
This measures does not make you invisible to the corona virus.

  Now to my point there are other highly communicable diseases not just covid-19, disease like tuberculosis, Lassa fever, Ebola virus amongst other leaves you open to contacting them.
The safety measures to the covid-19 virus has made us more civilized and more aware to it dangers. Even my country where you take a bus and encounter more passenger than the bus can carry some standing and clustering now it's more civilized, you go to a restaurant, mall, bar and things are done with consideration to human health.

Measure like wearing of face mask might be asking for much but others can still be maintained for a better living.

It can for sure be done , but would people do it ?

You cannot just take responsibility for everyone , even a mistake of one person can cause problems to the whole locality.

It is always advisable to do these things even without the Corona virus , the malls , Restaurants are just taking those precautions now but it should have been a routine for them . These might as well prevent many communicable diseases and at the same time wearing masks while you are sick should be mandatory if you choose to go out.

Masks are to protect the infection from person wearing it mainly , therefore one should always take care of it . For more severe diseases we use N95 but unfortunately it's not feasible , so you can even dab while you are sneezing at least to reduce the airborne particular matter.

I am studying medicine so quite frequently we have to face situations like these even when its mandatory to touch the cadavers with gloves students often try and be cool , hold them in hands and take pictures, even though they are dipped in a solution which could literally even strip every living cell off , one should still follow the rules .

Plus if you are sick you have to actually go to the doctor with a mask , not coughing and sneezing. I agree with you 100% about doing these things even without the Corona pandemic. A pandemic should not the only one to teach you how to be hygienic .
2704  Economy / Services / Painting services ✨ on: July 13, 2020, 06:26:46 AM





Paintings for Home decor available at affordable prices. Worldwide shipping available.

Medium: Acrylic

Oil paintings and other mediums can be also used , please consider the time of drying first. For more information please feel free to drop a message.

{I am still learning please feel free to share your thoughts}
2705  Economy / Services / Re: ⭐ TalkStar - Campaign Management Service (Hire Now) ⭐ on: July 11, 2020, 07:57:52 AM
Campaign : KUCOIN

Both the manager and the firm were excellent and prompt with payment and addressing the problems .
Campaign ran smoothly and it was a good experience.
Management was very good without any problems.
10/10

Thank you so much
2706  Economy / Economics / Re: Government+cryptocurrencies on: July 11, 2020, 06:17:13 AM
Governments are slowly acknowledging the fact that cryptocurrencies will continue to exist and there are already a lot of users that are using it. Due to that, they are becoming more and more lenient to cryptocurrencies, and I think that leniency will develop over time as the number of users for cryptocurrencies reach a huge number. They aren't blind on our situation here and they sure are watching the development of cryptocurrencies (though not very closely), and for sure they are already building strategies as to how would they tackle regulations systematically.

I do think one should understand that :
We do have full control of out governments.

The government is from the people , to the people and for the people , but we tend to forget that , we have to speak up , to ask what we need , to elect those people who are interested in new solutions.

North Korea, China and Russia would love to have a word with you. Wink

You do realize that even today, there are communist countries that are dominated by the government by showing a little hint of fascism on their way of governing?

A little civics lesson :
The government we are talking about is Democratic parties , I do think you should have understood that by now.

China and North Korea I consider lost cases, they have been torturing their citizens , the news of government oppression is everywhere , it's not a government it's a joke.

I do not think even for a second that any governmental except *Democracy* is considered government.
------------------------------------------

Plus , how it can be a solution :

We can directly scrap out the middle man both in terms of selling goods and both in terms of receiving payment , which would mean that the benefits are going directly to the farmers or common man who is working day and night .
I went to the factories near my house and they paid not even 1 Rs to the workers to make a mask of 40 RS , therefore what it means is that all this profit or 39 Rs is going in the pockets of rich who have 1000 factories like this .
If they start accepting payment in Bitcoins for example , no one would question them , they won't have any problems with the government and bank too if the selling volume runs high. At the same time it will make the market better for them , considering they encash after timely intervals.
People can also sell things internationally since with Bitcoins we don't have to pay this fee , that fee , currency conversion fee. One can literally take their business internationally if they want to. It was just an example but there are many more ... You can use Bitcoins and other cryptocurrencies in the way you want to use them.
------------------
Plus talking about the unfair war , what's unfair is banning cryptocurrencies overnight and giving people a small time period to sell their Bitcoins , people are encashing and having their money in their banks , then they are going to send that information to the government , from where you are going to get a tax notice which is not even reasonable. Government believes that cryptocurrencies is free money.

What unfair is forcefully taking the Mining farms in Venezuela.

Government oppression is far more worse in the developing and underdeveloped countries, some of you might be belonging to the ones where the government is good with Crypto but with most of the countries it's a very serious issue.

For government the direct definition of cryptocurrencies is : Scam.

Even right now the government of India is thinking of banning cryptocurrencies forever and going to implement a time in prison for 10 years . :3 If they do that I do think we should all at once trade our coins so that their prison cells will be filled to the brim and then they can waste their time making new ones .

It's unfair , not speaking from Google or anything am speaking from my personal experience. Cheesy
2707  Bitcoin / Bitcoin Discussion / Re: Should we invest in a bitcoin exchange? on: July 10, 2020, 12:29:00 PM
Keep an eye out of this platforms that offers bitcoin exchange source code especially if you do not have a deep background or extensive technical knowledge on this matter since building a cryptocurrency exchange is not as simple as we might think.

Building an exchange should be done deliberately and having the control of people's money, and being the intermediary of their trades needs a well-educated technical team behind a complex project. Secondly, it is a no-brainer that opening an exchange also needs to consider the legal implications as it will serve as the protection for people who uses the platform especially if the source code you will be using is not originally created by you.

In fact, people with no programming background should not use an open source code of a bitcoin exchange because of the possibility that it might have a backdoor written on it which can cause a catastrophic failure of funds being lost.

At the same time I would like to state that there is a very big factor Competition, there are many exchanges out there in the market and I do think which makes it even harder for a person to invest in a particular exchange. With some of the major exchanges going down in the market over the years , I do think you can first buy a share in the exchange you are interested in and then see it's growth over the year , if you do believe that it does have a lot of potential then only you should go forth and make the investment , it is never going to be a safe bet but with an exchange that you would have worked with and looked after from the sidelines, you might know the pros and cons and at the same time you can plan it in a way that you can make use of its full potential.
Your exchange might :
Enable smart contracts
Be available offline which would even make it beneficial for traders
Might require no KYC and private information
Can even work with cash-btc 
There are so many things that you can do , you can ever start a poll and ask people what would they require from an amazing exchange platform and then filter out things and see for yourself that what might be beneficial for both the users and the company.
Its a lot of hardwork.
2708  Economy / Economics / Re: Government+cryptocurrencies on: July 10, 2020, 11:42:50 AM
Quote
To make our economy stronger we need Government to give full support to cryptocurrencies

How is that going to happen?We don't have the power to control our governments
The only way is to vote and help for electing politicians that are cryptocurrency-friendly.I can't see this happening.
The Governments and central banks will never fully adopt cryptocurrenices,because:
1.Cryptocurrencies are making tax evasion easier.
2.Central banks will lose control over the monetary supply.
3.Governments will lose the "inflation tax" extra revenue.
There are more reasons on the list,but this topic has been discussed before,so there's no point of starting it again.

I do think one should understand that :
We do have full control of out governments.

The government is from the people , to the people and for the people , but we tend to forget that , we have to speak up , to ask what we need , to elect those people who are interested in new solutions.

There is a reason to start this topic again ! We cannot forget this , we do have full power to make things considerable easy for the common man and not just the people with power. We should realize that we have the right to speak up , to complain in the court if we ever see something that is not done right .

How can we do that ?
- We can start educating our friends and families about cryptocurrencies
- We can go and Vote
- We can file a petition against the government if they tried to ban the cryptocurrencies

There are a lot of things that we can do. I do think this is more of a time when we should bring this topic up again since elections are right around the corner .

Plus with KYC and all , people are paying more tax than they should on cryptocurrencies.

Central Banks should never have the control over the whole supply , they are here to help , not to dominate the market!
2709  Economy / Economics / Government+cryptocurrencies on: July 10, 2020, 11:24:26 AM
There have always been unfair war against government and cryptocurrencies , unfortunately now it's a time when people are realizing that the governmental authority is not only unequipped to handle crisis but it is also unfair for the common man .
 
The country I belong to has a very popular saying Only the money speaks here .

I do think the solution to collapsing economic situation in every country might be cryptocurrencies. But that would also need full support of the government and the banks , this is not the situation when they can continue to fight over who is better , I do think they should move forward and coexist.  

We are well aware of the crisis in Venezuela, what gave people hope ? What gave them power to overthrow the government ?
https://www.cnbc.com/2019/02/14/venezuela-crisis-bitcoin-trading-volumes-hit-an-all-time-high-.html

Why does the Indian government want to ban cryptocurrencies when their own economic situation is dire and it's providing jobs and opportunities to other people.
https://news.bitcoin.com/indias-crypto-trading-volume-soars-economic-crisis/

According to the source
Quote
72% of all Bitcoin trading happened in the top five countries: USA, Russia, UK, Venezuela, and China

The Bitcoin revolution in Nigeria is something that everyone knows about. There are so many examples to state but not enough words.

Every single country in the top 5 lists have crisis one way or the other . Alone in UK the GDP fell by 20.4% in April 2020.

People are exploring all their options here , even though there was a downtrend for most currencies , Bitcoins and other cryptocurrencies stayed more or so stable.

Coexisting with the cryptocurrencies will not only make the economic situation of the country stronger , it will also give power to people which the current system is not fond of , it can be a win win situation for both sides.

I am aware of the fact that most of the countries are trying to figure out a way to make digital dollar but labelling them as cryptocurrencies is so wrong !

Cryptocurrencies are supposed to be free from third party , they need to be a direct link between 2 parties at the same time there is always the issue of privacy , what the government is doing is no different than the fox in the The Red Riding Hood , they might seem harmless in the shape of cryptocurrencies but at the end they are nothing but Fiat 2.0.

To make our economy stronger we need Government to give full support to cryptocurrencies

Please share your thoughts~

(image taken directly from Google)
2710  Bitcoin / Bitcoin Discussion / Re: Why Bitcoin smart contracts are not developed? on: July 10, 2020, 09:25:58 AM

I do think we should understand one thing that :

Even though there are possibilities of smart contracts in the Bitcoins ecosystem , they are not as developed , plus people don't want to opt for a third part solution since that would mean they would be compromising their privacy to an extent.
At the same time it's hard to design the smart contracts and it's considerably costly.

There are many altcoins which have an amazing developed smart contracts network.

For the people who really need smart contracts there are famous exchanges like KUCOIN providing the service for Crypto like BTC and ETH.

Therefore one can always opt for a third part solution and make the exchange more secure .


One can always go a step up and then use the normal blockchain protocol to make the contracts as mentioned in the following article:

https://bitcoinmagazine.com/articles/yes-bitcoin-can-do-smart-contracts-and-particl-demonstrates-how

Quote
The Bitcoin blockchain is not known for its ability to enable smart contracts. In fact, most developers creating smart contracts use a different blockchain, like Ethereum. But the truth is that the Bitcoin protocol can be used to create smart contracts.Oct 13, 2017


https://blockgeeks.com/guides/smart-contracts/
^ I found this amazing article on smart contracts if anyone wants to learn more about them.

2711  Bitcoin / Bitcoin Discussion / Re: When Bitcoin Must Be Inherited on: July 10, 2020, 07:03:12 AM
Over the past decade, the number of Bitcoin investors and other types of crypto assets has grown tremendously. Based on data by Coinmetrics, there are currently around 12 million Bitcoin millionaires in the world. However, there are those who die every year, without heirs who can access Bitcoin. The amount reaches 4 million Bitcoin (around US $ 40 billion), according to Coincover.
Meanwhile, based on the results of a survey by the Cremation Institute, of 1,150 respondents, 89 percent of them are very worried about losing their crypt assets. However, only 23 percent have a specific plan to pass it on to the closest person, for example to their husband, wife or children.
I think this is a very good idea, and I hope that someday there will be a crypto exchange and a crypto wallet that provides inherited features, so users will be safe and comfortable.

What I don't understand is :

If those 89% are worried about loosing their assets when they die , why are they not talking it out with any personal lawyer or maybe their wallet company ?

The thing is , it is advisable now a days to actually go and search your options , most wallet companies are providing inheritance plans for free. You can even add nominee in your account.

I do use a mobile wallet and few months back I received an email from Zebpay.
I will show you guys the SC of that -


Therefore I do believe that if you talk it out with the wallet you are using , you can very easily ask them to add this feature if this isn't yet added.

For people with paper wallets and hardware wallets they should give precise information to some person they trust more than anything which can be followed up upon their death.
You can also hire any lawyer to give some random things to your family upon your demise and just hide the hardware wallet in one of them , hopefully they will know what to do with it .
2712  Bitcoin / Bitcoin Discussion / Re: Buying food or groceries with Bitcoin on: July 10, 2020, 06:25:04 AM
Bitcoin's popularity has been increasing ever since the bull market of 2017 took place. Even with the pandemic, prices have recovered to their original levels (near $10k) in just a matter of months. More people are accepting Bitcoin worldwide, albeit at a slow and steady pace. I've seen many sites out there in the online world which accepts Bitcoin for goods and services. But the number of businesses and merchants accepting it for food or groceries are quite limited. In the physical world, supermarkets and even fast foods haven't even adopted Bitcoin yet. Fiat is still the predominant type of currency in the mainstream world, for buying items that are required for one's survival.

Do you think that in the future it'll be possible to buy food or groceries with Bitcoin? I know that volatility is a huge issue for Bitcoin to be accepted as an alternative to traditional Fiat, but merchants and businesses could quickly convert Bitcoin to a stablecoin minimizing the risk of loss. What are your thoughts? Huh

I don't think it will be feasible.

Even though we have seen people buying coffee and other small stuff with Bitcoins , one should realize that , no matter what you will have to give fee to the miners , even lightning network is not completely free , at the same time I don't think people will continue to use lightning network after possibility of attack by hackers and other people.

Therefore I do think before this to continue we need to have two things :
1. Improve the lightning network
2. Invent some alternative to lightning network

Then only we will be able to see Bitcoins being used for day to day activities.




https://www.coindesk.com/bitcoins-lightning-network-is-vulnerable-to-looting-new-research-explains

You can read this article where it explains how vulnerable it is ^
2713  Alternate cryptocurrencies / Altcoin Discussion / Re: Visa supports CBDC government cryptocurrencies on: July 09, 2020, 08:22:02 PM
Very interesting news from Cuy Sheffield, head of Visa’s crypto development department.
The director of Visa’s crypto department stressed that CBDCs (government cryptocurrencies) are the most important payment trend of this decade.
''These types of cryptocurrencies have significant implications for privacy, monetary sovereignty, geopolitics and financial inclusion''
''Earlier this year, VISA filed a patent application that is directly related to cryptocurrencies and blockchain.''

Visa seems to have recognized crypto as a new financial opportunity and they are ready to move in that direction. What do you think about that?

Source: https://twitter.com/cuysheffield/status/1279183095220957184
https://crobitcoin.com/visa-podupire-cbdc-drzavne-kriptovalute/?utm_source=email&utm_medium=newsletter&utm_campaign=news

I do think if one would think about Government cryptocurrencies being private then they are actually going towards the wrong thing , Government can never provide users with 100% privacy , all these cryptocurrencies are just a scheme to get users to invest in their system using the false advertising of cryptocurrencies !

It is good that VISA might accept those but at the same time in some countries they are even banning the transactions in their bank account which are related to the cryptocurrencies. Then the president is making promises how he will create their own digital cryptocurrencies , the irony is wasted on people like that.

What Visa is doing is just accepting payment in form of a government backed commodity which is bound to stay intact as long as their economy stays intact.

On a different note I do think that governmental bodies should not name these fake digital assets they are creating cryptocurrencies.
2714  Bitcoin / Bitcoin Discussion / Re: Cryptocurrency mixing services do more harm than good to blockchain technology on: July 09, 2020, 06:27:03 PM
A mixer (or tumbler) blends various types of theoretically recognizable cryptocurrency. This increases transaction confidentiality, because it allows tracing bitcoin difficult. The owner of Bitcoin sends the money to the mixing machine, exchanging it with that of other users and sending the combined cash to the requested address, ensuring there is no relation between the initial transaction and this address. Settlement sums should be chosen arbitrarily and the settlement consists of several tiny partial payments distributed over a longer period of time.
Such services are widely used by scammers such that they do not get traced.
Do you think mixing services are harming the adoption of the technology ?

First thing , these services are really important for the society , they allow some users the much needed privacy , not everyone is the same and therefore at one point of time one might now want his steps to be trackable.


These services are actually very good way to do that since normal Bitcoin transactions are transparent.

I do think you are forgetting the fact that Bitcoins and other cryptocurrencies are not made for scammers, there are only 10% people using it for illegal purposes and at the same time it might be used but I do think this does not reflect on the services but at the scammers themselves.


This is no way is the fault of the mixing services . Therefore I do think your statement is very wrong .  I have even worked with some companies like blender.io and trust me they are not doing it to promote scams or illegal activities they are doing it to protect the privacy.
2715  Economy / Economics / Re: Is the US economy suddenly recovering? on: July 09, 2020, 03:05:25 PM
It was obvious that in the long run we would have seen the US economy recover, but honestly I wasn’t expecting US economy to recover so fast, or is this just another false positive for us?. I’m referring to the article posted by CNBC where they have shown stats which proves that the US economy has started recovering despite many states yet being in lockdown. What are your thoughts on this, will the US economy recover faster than what we had anticipated?.

Source:

https://www.cnbc.com/2020/06/28/here-are-five-charts-illustrating-the-us-economic-recovery-amid-the-coronavirus-pandemic.html



Why do you think that the cases are sky rocketing in the US ?

People did not listen to the restrictions which were put forth by the government and therefore most of the small businesses were open , in the small villages the life never even changed , at some places they don't care about the coronavirus now.

Most of the businesses were open , plus one's that were able to shift from office to home did have even a better outcome. Call centres , offices , schools , colleges everyone is working and was working from the day of quarantine. People who did loose customers and such , they had to find new ways to earn and therefore the economy recovered in a short while.

People changed according to the pandemic , which is natural and very important for the community as a whole for the survival. I remember the words of a famous botanist at this time : Change is the nature of nature. Even if the virus stays , we can easily evaluate that the life might be different , but it won't stop.
2716  Economy / Economics / Re: Which is better, staking or investing? on: July 09, 2020, 12:37:40 PM
The open blockchain platform Harmony has announced that it will start supporting staking from now, in an effort to create a blockchain-based infrastructure.
source: https://www.harmony.one/
Of course, as I know, there are many exchanges that support staking.
I want to fully understand what is staking and what are the best coins and platforms that we can do staking and give good profits?

My most important question: Which is better, staking or investing?

I do think we should realize one thing :
Both Staking and Investing comes with considerable risks but at the same time both can very easily give you a good profit margin if worked with correctly.

Staking does have its own risks but so does Investing. Plus it also depends on the user , how he plans on working towards it and how much time he can spare for the same.

Investing can be for long term or short term and does not require much time engagement. But at the same time the services or the cryptocurrencies you are investing in are mostly well recognized and for sure won't fail 80% of the time.

Whereas with staking , you might have to pay the price of heavy competition , there are so many cryptocurrencies in the market that most of them are bound to fail and remain as Altcoins that no one really knows about. Which tends to pay a negative effect on their values . Therefore I do think staking might be risky , we also have many scams in this area therefore you have to be really careful and check regularly about the company before making your move.

With staking you have to worry about :
Competitors
Scams
Popularity in the future etc. 

With investing you have to take care of :
Long term holding vs short term holding risks
Market might be obsolete in the future
Needs time for maturation and giving good profit
Etc..

:3 both are beneficial , why not do 50-50?
2717  Alternate cryptocurrencies / Altcoin Discussion / Re: Wine company using blockchain to eliminate fraud and secure authenticity. on: July 09, 2020, 06:24:32 AM
Logistics and fine wine has been open to exploitation for some time. There are multiple examples of wine tampering, theft, counterfeiting and passing that all undermine confidence in both the supply and demand of fine wine as an asset class around the world, costing producers millions of dollars in lost revenue.   

A recent Forbes article described wine fraud as an ‘epidemic’, with claims that over 50% of all wine exceeding $35 per bottle sold in China as being counterfeit. An estimated 30,000 fake bottles of wine are sold each hour in China alone.



A new initiative coming from NEM which is called "Symbol", helps wine growers and producers keep track of what’s happening with their raw materials and products at every stage of production and distribution, by using blockchain to track and verify the product as it leaves the vineyard, with all key information publicly available to reinforce the wine’s authenticity. If other industries such as food, agriculture, etc. started utilizing them this way, their token value will surely increase.

Will we see more of these scenarios in the next coming years?


It is not only this wine company , there are many other companies using blockchain to eleminate the corruption , frauds and laundering of commodities. At the end of the day blockchain stores all the data which can be checked Time and again by anyone .



https://101blockchains.com/companies-using-blockchain-technology/

Walmart
Unilever
De beers
Ford
Anheuser Busch InBev 

These companies are already using blockchain in the supply market .

Not only that we also have the companies using blockchain in the healthcare sectors , insurance , energy , trade , travel , real estate ! Trust me the list goes on .

I would recommend you to look into the link and check out  they have listed 50 companies like FDA , using blockchain technology for everyday work .

It's not something that we will have to wait for the future , it is already happening :3
2718  Bitcoin / Bitcoin Discussion / Re: Bitcoin Hashrate Increases on: July 08, 2020, 04:54:59 PM
When halving happened in May 2020, crypto analysts expected that the Bitcoin hashrate would decrease. However, data from Blockchain.com shows the Bitcoin hashrate returned to the level before halving. This indicates that the crypto mining industry remains healthy after halving and a little selling pressure from miners.
The combination of at least miners selling Bitcoin, an optimistic long-term technical structure, increasing HODL and growing interest from large investors and institutions, increases the chances of a new rally in 2021.

Well it was bound to happen , since due to having the salary of the miners were cut down to half , which meant that most of the miners weren't able to earn much to sustain the electricity bills of the Mining and at the same time continue to keep a healthy sum for their day to day activities.

Therefore the small miners had to shut down their business since it was not at all beneficial for them .

But then again which meant that it was a new opportunity for the big companies working in the Mining industry, those companies very promptly increased their work and machines which directly lead to the stabilization of the hash rate.

For those of you who might be wondering why the hash rate is important ?
In one word it's all about the security , it makes the Bitcoins more secure as a whole.
2719  Bitcoin / Bitcoin Discussion / Re: My hardware wallet was seized by US customs. on: July 08, 2020, 04:07:18 PM
As some of you know, I won a hardware wallet in a recent competition here in Bitcoin Talk. That was 4 months ago. The wallet was dispatched promptly following the announcement of the results, but I have only just received it. The wallet was contained in a (probably) sealed box supplied by the manufacturer, and double bagged for dispatch. I received the package in a Royal Mail bag which declared that the packaging had been damaged before entering the UK.Both of the bags had been ripped open and not resealed, and the security tab on the box was missing.

My suspicion is that the package was picked up in a scan, and sent for analysis to check for possible money laundering. Sending a loaded wallet is obviously a way to transfer funds with them being recorded on the blockchain. I haven't used any hardware wallets, so I'm wondering how easy it is for government agencies to check for stored Bitcoin in the wallet.

Hello

I am really sorry that this happened with you , it is not really an easy thing to go and use the Bitcoins from your hardware wallet , unfortunately I was researching about the current situation of cryptocurrencies in the UK and found this direct statement.

Quote
The United Kingdom's approach to cryptocurrency regulations has been measured: although the UK has no specific cryptocurrency laws, cryptocurrencies are not considered legal tender and exchanges have registration requirements. ... Gains or losses on cryptocurrencies are, however, subject to capital gains tax


Since they are not considered legal tenders therefore you cannot actually go and register a complain. BUT !

You can very easily file a complain in the company which delivered the mail , you have to understand that even though they did not actually make a law protecting cryptocurrencies , what happened to you was a Violation of personal belonging , therefore the company itself is entitled to look further into it .

Plus I don't think that there was any problem regarding the government agencies , this might very easily be a work of a dishonest employee .

Government agencies won't just come forward and look into it , If they did then for sure you would have received a letter of some sort , if they thought it was problematic then most probably not a letter but police itself.

I do think you should register a complain still .
2720  Bitcoin / Bitcoin Discussion / Re: Institutional Investors Continue to Buy Bitcoin on: July 08, 2020, 01:18:54 PM
Since March 2020, assets managed by Grayscale Bitcoin Trust have increased from US $ 1.577 billion to US $ 3,451 billion. This increase signifies increasingly intense demand from institutional investors.
The number of Grayscale Bitcoin Trust assets that reached their highest point, when the price of a Bitcoin landslide was more than 50 percent of its peak price, is a positive sign. This means that financial institutions have high confidence in BTC's long-term trends.

I do think that we should note one thing about Bitcoins :

•71% of the people know about Bitcoins in US , which means that people are aware of the fact that Bitcoins is a wonderful side investment , which also includes the big institutions and companies.
      Out of these institutions there are two kind of people :
         •_• One don't wanna share their Bitcoins investments publicly
         •~• The second ones are really open about it .

But at the end of the day , institutions do Invest in Bitcoins and other cryptocurrencies since :

 • Some countries have tax free policy on cryptocurrencies like Bitcoins
• Volatility works amazing for these institutions , plus they sometimes even hire people to keep check on their balance sheet .

But the unfortunate situation is :
  
 × It might mean there would be more whales in the society now , which could be direct in the line of market manipulation.  

Because these institutions don't care about cryptocurrencies like Bitcoins , all they care about is getting rich which could be disastrous for us .

https://news.bitcoin.com/institutional-investors-crypto-investments/

47% of the institutional Investors are okay with cryptocurrencies shows a survey.

Pages: « 1 ... 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 [136] 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 ... 268 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!