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Scam is a niche, just like cryptocurrency is a niche on the Internet so Scam is a different part of the internet that cannot be eradicated as everything is hackable and people will definitely fall for any kind of con that promise them huge amount of money within a short period. So the only solution is to moderate it and continue spreading the news that cryptocurrency is not a get rich quick scheme.
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Plus, the service is custodial, a point that works against the Bitcoin ethos of “not your keys, not your coins.” So, he is looking for a way to use SIM cards as private keys. Using Sim cards as private keys is a red flag, though the technology will help disseminate the use of Bitcoin in Africa as the use of USSD is rampant than the mobile app usage or even internet banking in Africa. On the other hand if a phone is stolen the Sim card which is the private key can be compromised and the person's fund will be missing forever. I think with time everything will be put in place, it's a new innovation. |
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China as a country is different from China as in people. The government is against Bitcoin but the people in China make use of Bitcoin they are many miners in China and they have lots of investment in the ecosystem. Just that volatility made the government ban cryptocurrency to avoid massive number of citizens to suffer from loss of money. I don't think China will regret banning cryptocurrency because the people of China are into the technology and trade on exchanges too. I think the government will regret but the people in China that use and invest in cryptocurrency has nothing to lose. However, I don't know who you are referring to in your post if it's the government or the people.
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Level DB is a database that works with no SQL which can be used to store data not only for Bitcoin any project can make use of it, as the database is leveled on choosing what key and value you want to store in the program or get from the database. A running Bitcoin node saves Bitcoin related data on block or chainstate directories, then the leveldb can be used to call those files saved in the directory. For instance we can retrieve a bunch of key values from the blocks index using one operation. const level = require('level')
const db = level('my-db')
const ops = [
{ type: 'get', key: 'block' },
{ type: 'get', key: 'b'+32, value: 'byte block hash' },
{ type: 'get', key: 'F+4', value: 'byte file number' },
{ type: 'get', key: 'I-4', value: 'byte file number' },
{ type: 'get', key: 't+32', value: 'byte transaction hash' }
]
db.batch(ops, function (err) {
if (err){
return console.log(err)
}
console.log('Great success')
})We have an ops array with a bunch of objects to define the operations. The type is the type of the operation we want to do. They are the same as the method names. The key is needed for getting the items to delete. And the value is what we insert as the value of the key Other additional functions include; Get- get a key from the database Put- put a value from the database Del - delete a key in the current range L.S- get all the keys in the current range Start - defines the start of the current range End - denfine the end of the current range This will help you get to know leveldb better https://bitcoindev.network/understanding-the-data/amp/https://thewebdev.info/2020/09/21/node-js-basics%E2%80%8A-%E2%80%8Alevel-db/https://imil.net/blog/posts/2020/bitcoin-leveldb-debugging/ |
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You have to stick around top Bitcoin communities to learn new laws about Bitcoin. Going to read old articles may not help as things keeps evolving around the technology. Keep and eye on Twitter and Reddit then come back here to ask questions regarding topics you don't understand. You can't teach or respond to the literature of Bitcoin without learning about it thoroughly. Put in the time and you'll grasp the knowledge. Welcome back.
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I prefer a cryptocurrency whose sole purpose is transferring cash electronically. Don't necessarily want it to be anymore complicated than it needs to be. Don't necessarily want it to have anymore features than are absolutely necessary to achieve that goal. How could bitcoin become outdated? math always works . No Software has ever been through the test of time without getting updated. “Maths always work" Yes, because no one formular is subjected to solving a mathematical problem, the goal is to arrive at the right or correct answer. The Bitcoin you want cannot be removed by the new updates that keeps appearing. Think of Satoshi that created Bitcoin out of cryptography and Vitalik made Eth out of the idea of Satoshi etc. The root is open source and any update can pop out as many developers have personal reasons to bitcoin contrary to what you want. They build as they view and nothing will stop it. Don't think it'll get complicated, just like maths, a new formular will be hard to learn immediately, but, sooner or later you'll enjoy using the formular to solve problems. If the formular is difficult, you can stick to the existing fomular you know how to utilize. |
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The US Treasury department is indirectly telling the mixing platform that, “if you are going to allow a lot of illicit activity, we are going to go after you even if there is a lot of legitimate activity" Same thing is applicable to other mixers. As it has been known to everyone including fraudster that mixer help complicate the tracking of a cryptocurrency transaction.
N/B: The quote is owned by ARI REDBORD, Head of Legal and Government Affairs, TRM Labs.
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Troy Cross is a philosopher that recently joined the twitter cryptocurrency community and know little about bitcoin, though, he claims to know about bitcoin mining but he skipped the first question about the conception of bitcoin mining by saying; they are different meaning to conception and he attended a graduate school where the meaning of conception was the principal topic for a course. The second question he attempted was about the energy consumption of bitcoin he noted that dryers in the USA consume more energy than bitcoin and so on. But, one thing, he got wrong was the bitcoin market capitalization, I don't know when this podcast was recorded, he said the market cap is below a trillion but, its now a trillion dollar as of today. The podcast is long, and the philosopher uses philosophy to answer questions regarding bitcoin something that doesn't interest me.  |
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When did they claim this? I cannot find any direct statement in the Cointelegraph article that the inlux of tourists was because of bitcoin becoming a legal tender in the country. Can you quote that part in the washingtonpost article if they said it there. I couldn't open it.
Maybe you skipped this; Since El Salvador adopted Bitcoin as legal tender, thousands of Bitcoiners have made the trip.
I also found a tweet that best suits everyone under the thread that said is not all about bitcoin. El Salvador President said so;  So, I'll need different views on the question though everyone is skeptical if bitcoin is the reason why they is an increase in the number of tourists in the nation. I think the tweet above can reshape your views now, thanks. |
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Recently El Salvador confirmed bitcoin magnets tourists to the nation. Claims bitcoin attracted 1.1 million visitors in 6 month was opposed by the wall street journal, saying most visitors never used bitcoin in the bitcoin beach and other stores that accepted bitcoin in the country. Given an example of a small bohemian hotel “Lagarza" owned by Daniel García, who confirmed only 15 bitcoin transaction since it became a legal tender in the country. He went further saying that most visitors in the country paid with bitcoin to brag, though, it was made known in the article that, some vendors in El Salvador don't have a bitcoin wallet. And the country need to teach citizens how to transact with bitcoin to enable swift transaction. What could have attracted cryptocurrency tourists to El Salvador if not bitcoin? So I think the wall street journal article covered a small part of El Salvador hotels. https://www.washingtonpost.com/travel/2022/07/06/el-salvador-bitcoin-beach/ (Proves visitors don't use bitcoin) https://www.google.com/amp/s/cointelegraph.com/news/tourists-flock-to-el-salvador-despite-bitcoin-bear-market/amp (Proves traders use bitcoin) |
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Steganography has been in existence since the early days when kings embed data on a slaves head and wait for the hair to grow before he is sent to deliver the message to the receiver. Today, unlike cryptography that encrypts communication, Stenography hides the existence of a communication. I personally have a view of what is written about Stenography in this work and wants to learn more from tech members here. Some things I'll want to respond to are the key points the author made on the PDF. Review and Analysis of previous steganography schemes in blockchain Under the section 3 of the PDF, the previous usage of steganography which was impractical due to its complexity was explained.
the sender puts one bit of the data in the least significant bit(lsb) of the transaction address(the output address) and sends it to blockchain. This process repeats until embedding the all bits of the data. In order to ensure correct retrieval of information at the receiver side, the sender should be wait for each transaction to be placed in the blockchain and then he can send the next bit to the blockchain through the next transaction.
Sending transactions bit by bit to ensure correct retrieval of information is time consuming and I see it as one reason it may not be practiced today. Under this section it was mentioned that it'll take 1 hour 20 minutes to send a byte of information through blockchain network using this strategy. If not for the time, one thing I like about this strategy is the Op-return command that prevents the data from being accessed by the miners. In this scheme no actual method of receiving the data is stated, the receiver is expected to check the network for every transaction that contains OP-return command, very stressful, but, they claim if he knows the algorithm It'll be easier to find the information. Under the high capacity embedding algorithm - he transaction input address must be created with the HDW algorithm to notify the receiver that a new message will be sent to the blockchain.
Does this happen on the lightening network? How is the receiver notified? Unlike the normal transactions where I as a receiver will be notified through a different medium that bitcoin will be sent to me, here the HDW (Hierarchical Deterministic Wallets) algorithm notifies the receiver didn't understand it clearly. Anyone with such knowledge please share with me. SecurityThis means that no one is aware of the existence of hidden data. As stated in the proposed algorithms, the data is not embedded manually and the address containing the hidden data is indistinguishable from the address without hidden data. The security that steganography will provide to the blockchain network or transaction on the bitcoin hides data in a way that the attackers may not know the right address to attack since nothing was changed they all look alike but, one contains the information that the receiver needs. Share your response thanks. |
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Were they able to jot things down? Regarding their sitting position. However, you are doing a great job, get them to create their first wallet then start putting Bitcoin into it bit by bit, since they are young people their parents can fund it. Are you teaching them free of charge? If so it's ok, but paying for the session with you in your little home will enable them take the whole process more serious. From time to time they will be able to understand how the blockchain network works.
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Decentralized visual digital Identity is a pseudo-anonymous identifier for a person, company, object, etc. Each DID is secured by a private key. Only the private key owner can prove that they own or control their identity. But the company is in control of the data though its encoded with cryptography, the DID platforms are still centralized and could be penetrated one way or another since users will have to show their private keys to prove ownership before gaining access to Binance. What do you think? https://consensys.net/blockchain-use-cases/digital-identity/ |
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Satoshi must have concealed his intentions on bitcoin, he constructed the network in a way it can run without his presence. So his intention in my veiw was to disappears and stay clear from too many interviews and disputes. Since the project can run without Satoshi what need is it to keep worrying about him, knowing he is fine in any of his location. The project he invented is doing perfectly well and getting the attention of the world on daily basis. Imagine what Zuckerberg pass through for owning Facebook, Satoshi would have been in a bigger mess for owning bitcoin and sticks around, he won't be safe or sleep well due to distraction from the Government personnel trying to change his mind on the regulation of bitcoin.
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People take things naturally that they forget so fast about the importance of learning. Most people in the cryptocurrency market get rekt because of the inborn feeling of being too good in trading and investing that they end up sinking instead of rising in the market. Successful traders removed such beliefs and craved more knowledge, with this mindset that "to earn big you must learn a big deal". In this thread, I got some headings from a post found on medium, and the explanations are mine, it's not financial advice. Why is nobody a financial adviser in this market? a question that may interest me to see a proper answer! However, let us continue with the content of this thread, the goal is to share my insight on those sub-topics mentioned by the author in his medium post. Expect to see two different writers in one article, one for the author on medium, the other, my view and explanation of his points. The future of every newbie in the market can be affected positively if they carefully go through the points and explanations that follow; Invest in projects you understand: This particular point is everywhere in the forum but it is not stressed in a conducive manner for users and newbies to understand. Impact is the first impression that should be in the mind of any newbie or pro that wants to invest in any given project. Ask yourself what will be my benefit if I invest in this project? How good is this project? Start studying articles about the project. Form a clear and vivid picture in your mind as to why you are reading the materials about the project. Cross-check if the write-ups about the project answer the questions you asked yourself. Then consider taking the risk by asking one last question about the project in the forum and reading the reviews thoroughly before investing. Completely understanding a project gives you confidence about the project. FUD news will not affect your emotions about the project. One good advantage of understanding the project is that you can discuss with a prospect about the project with an exceptional explanation. With this knowledge, you can take the next step! Long Position (3 to 5 years): Excellent knowledge of bitcoin made Franky1 never to sell his bitcoin till date, I have read his testimony on that in different threads but cannot trace them now, would have shared a link. The long-term investment is so good a method that most traders often recommend it to newbies. The fear of holding will disappear if you understand the project. The first step is crucial to the second step Most coins will go to zero: Have in mind that the market is volatile and anything can happen. Indeed some coins will go to zero, and the project backing the asset may live. I don't know any better word for it than Use case E.g the Terra project still exists though luna went to zero. It's Okay to take Profits. : Thinking long term has nothing to do with taking profits, the initial investment left on the project or asset still keeps you on track. If the coin or project yields some profits, it's okay to chill out with what you got as profit. Most Traders Lose Money : the most common advice all over the forum and other cryptocurrency communities is "invest what you can be able to lose", here I would say, trade what you can be able to lose. Don't trade what you cannot withstand the shock if things go west. Before trading pat yourself on the back and say If I lose this money I won't cry  but, I'll laugh if I gain profits. It's not possible to get rich quickly : This as we know is a general quote not only meant for the cryptocurrency market. Time is the only requirement coupled with knowledge. If you are wondering what to do next, please check step 2 again. If you are checking the coin market cap every day then you have a problem : A newbie that read step 1 will have no reason to have such a problem. Instead, keep reading and following new information on the project, and get too busy that you won't have to worry about checking the market cap every second. As you may get disappointed and fail to maintain the long-term promise if you get too worried. Crypto moves fast, very fast, continue to educate yourself : The big traders reinforce their skills to keep up with the fastest-growing digital asset "cryptocurrency". Don't relent, stay up, and read as many materials available as possible. It's a better way to stay relevant in the market and, also helps to make good decisions on projects, new networks, and ecosystems. The next step to take is self-explanatory but, deep. If you can’t emotionally handle market cycles (down or up), then crypto is not for you or you’re over-leveraging yourselfTake Free and paid blockchain courses: If you have an interest in blockchain development please take some paid blockchain courses while the free courses are not well detailed like the paid courses, it's still a good leg of assistance to people with a lesser interest in blockchain development but, wish to know what the blockchain is about how it works, how transactions are validated, cryptography, etc. Gen-Z “crypto investor” YouTubers and Tiktokers are a curse to society: This is true as most of them are a tool for promoting shit coins and enforcing tricks that help market makers to manipulate the market and do what suits them right. Though some YouTubers share great videos on market analysis, please stay clear of most projects they promote if you don't understand them. Bitcoin and USD are backed by the same thing — confidence: Before you start asking the same question that has been asked many times in the discussion forum, what backs bitcoin? luckily the answer is here confidence backs not only bitcoin, USD is pegged to it too. You must understand bitcoin to be able to back it up with your confidence. Ask Google before asking your “crypto friend”: If you are not satisfied with the answers on google please don't hesitate to ask your friends here in the forum on any topic, project, network, person, or website that confuse your thoughts about how cryptocurrency works. Go to in-person crypto meetups and events: Cryptocurrency is here to stay and this phrase should keep you moving about the new course you are learning in your life. Utilize the meetups and events that often come up, if you can't meet up, get the podcast of that particular event, listen to it while you drive, or do other tasks. In a nutshell, these explanations are as dynamic as culture and are not meant to be seen or taken as very correct. Read through the comments of other reputable members of the forum, they have more to chime in, which will help your learning process. Have a nice day and Don't forget step 1. Go through the medium post for more points or sub topics. |
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Ranking up in the forum is not as difficult as you may have thought. The moment you say it's difficult so it'll be. It's clear that you are not dedicated to giving quality contents to forum members which may have affected your merit count regarding your post counts. Invest 1 hour a day reading a specific topic you wish to share here, the time it took to finish reading or researching on the topic don't matter, but reading daily on a topic for 7 hours which accounts for 7 days if you read about it 1 hr each day, such thread will be quality and intuitive because you understand the topic completely and made it easier for people to grasp new knowledge from the thread. A single post with so much time being invested on could get 20 merits from users that finds it helpful. Ranking up in this forum, the ball is on the users Court, if you want to rank definitely you'll rank, it's not a big deal what matters is that you learn for other to learn too. One good thing about knowledge, Unlike money, when you share knowledge, it increases.
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Bitcoin is not the right asset for that, as it's just as volatile as the currency it backs. It'll make no sense, due to high volatility, the asset will mostly lose it's value whenever Bitcoin plunges, Unless Bitcoin get regulated to be on a specific price the goal may be achieved. For now, any altcoin that is backed by bitcoin may not survive when Bitcoin is bearish. Alot of services accept bitcoin today, even restaurants and yet no sign of what you are talking about. Bitcoin is a complete currency on it's own and other coins should stay independent, to effect alternatives for traders outside bitcoin.
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Being a blockchain development is an investment unlike trading it requires time, you need to learn python or C++, some courses can be found through social media in cryptocurrency commuties, use hash tag “blockchain development" on Twitter or medium you'll get insights on what needs to be done. also, Udemy can be a place to learn from experts. Like anyother programming skills, consistency is the key to perfection. Good luck.
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The news is all over, from what I read, the token was sent to users, they're told to click on a link to claim the token, due to the excitement they obey the order and click so the malware can then get their details which maybe they submitted to claim the funds. These days, greed is the easiest means of taking people's funds on the ecosystem.
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