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2921  Bitcoin / Bitcoin Discussion / Hash rate might be down but don't worry ! on: May 11, 2020, 06:15:02 PM
Hello

I do think it is very important to share for the newcomers in the Crypto community.
The Halving is approaching and therefore it would be harder for some miners . Small miners usually have to pay very high electricity bills plus there is always a problem with the government .
Now Halving is approaching and some small miners who have already calculated that they won't be able to keep with with everything have started shutting down their machines .
They already account for 15-30% of the total hash rate and therefore with the approaching Halving this hash rate will decrease and some people might be alarmed.
But soon enough the big miners would pick up and therefore after a while it will bounce back .

https://cointelegraph.com/news/unprofitable-miners-already-leaving-bitcoin-network-ahead-of-btc-halving/amp

For the people who wants to know more about hash rate:
https://www.hashgains.com/wiki/h/what-is-hash-rate

For the people who want to know what is Halving :-
https://www.marketwatch.com/story/what-is-the-bitcoin-halving-and-which-day-does-it-happen-2020-05-11

People who wants to know the importance of hash rate :-
https://thenextweb.com/hardfork/2019/08/05/ugh-this-is-what-bitcoins-hash-rate-means-and-why-it-matters/

I do think if someone is doing transactions that are VERY important one can always wait for 2-3 days if they can , it will bounce back pretty quickly.
More or so hash rate does indicate how secure the network is .

We are soon going to experience this event therefore let's pray that it is a positive one for the community as a whole.

Plus I would like to thank all the small miners for their efforts in keeping the network alive ,I do hope you guys are able to tackle all the hardships and find a way , because it might be hard especially during a pandemic .
2922  Economy / Services / Re: [OPEN] SatoshiDice.io Signature Campaign | Senior member+, payment in BTC/week. on: May 11, 2020, 05:48:02 PM
Payment for Week 1 have been received on time.
Thank you for sharing effective strategies through which we can improve our post quality , it would be taken care of .
Have a nice day and stay safe.
2923  Bitcoin / Bitcoin Discussion / Re: Billionaire Paul Tudor Jones says he has almost 2% of his assets in it on: May 11, 2020, 05:46:19 PM
The good thing about billionaires :-

They can actually afford to invest money in volatile market and even if they loose a lot they are still going to be financially stable.

Therefore I do believe that all of the millionaires and the billionaires have invested some amount of the money in Bitcoins and other cryptocurrencies and therefore it is Preety common.

What they choose to say in front of the society is different , they might now like admitting it but I do think these people who are always welcoming to new thoughts and new investments would already be investing in cryptocurrencies since years .

I think this is not a new thing but Preety common one .
2924  Economy / Speculation / Re: Silk road-founder-ross-ulbricht-predicts-bitcoins-price-falling-to-3200 on: May 11, 2020, 09:58:37 AM
Hello ,
I do think everyone knows that the silk road was a downside of the Bitcoin usage , silk road was controlled by people who are now facing charges in jail one should understand that when someone is facing charges one cannot trust their sources .
Also they do have limited contact with the world . I do not even think of trusting the person would be good and safe . Therefore I hope the community would make decisions on its own and stop looking up at people who are not even respected .
We have since then reduced the criminal activities to 10% and I do hope it with the years gets even less than that .
2925  Bitcoin / Bitcoin Discussion / Re: please help me about bitcoin atm! SCAM or No on: May 10, 2020, 09:31:15 AM
I've received this email along with a check sent by mail. Is this a scam? Has anyone ever seen this before?

Dear Applicant,

You are receiving this letter because you applied as a BITCOIN ATM SURVEY AGENT {BASA}. We are pleased to inform you that your application has been received, approved and successfully registered to our computer database for you to be part of the program.

A total check of $2,970 has been sent to you via USPS, UPS or FedEx and was attached with a letter which includes instructions of your 1st Bitcoin ATM Survey Assignment Payments and funds for the Observation. Once you have the check, kindly proceed to and deposit the check into your bank checking account and funds will be verified and available for withdrawal within 24hrs after it has been deposited.

As a BITCOIN ATM SURVEY AGENT {BASA}, your assignment is to Inspect and Observed our Bitcoin ATM Services at any of our Local Bitcoin ATM locations in your area. During this assignment you will visit a location and make several observations and inspections as regards their Customer Service Relationship and interactions also.

You are advised to contact our Bitcoin ATM Manager for further instructions or send a text to (828) 278-7109. It's fun and rewarding job and you choose when and where you want to shop.

ASSIGNMENTS OBSERVATIONS AS DESCRIBED BELOW:

You are to ensure that you observe the following at the Bitcoin ATM location:

1. If any, Please observe the name of the agent that attended to you at the Bitcoin ATM location.

2. Your time of arrival at the venue.

3. Your time of departure.

4. How long the transfer took at the Bitcoin ATM location.

5. What you feel about our Bitcoin ATM customer services.

6. Any other area you think our Bitcoin ATM location should improve on.

7. Transfer charges at Bitcoin ATM.

We will be waiting for a confirmation message immediately the check is deposited. If you require additional information, do not hesitate to text us on (828) 278-7109.

Regards

Joe Moyer

SCAM! ALERT !

See I would be honest with you , I never used the atm and I have no intentions of using it soon enough but whenever someone asks to pay upfront and that too 700$ , you have to say NO!

Even if you wanna buy and sell Bitcoins , do it on a exchange platform, do not go ahead and do this , just calm down and ask him that you are not interested anymore.

It does not matter if it is a scam or not you cannot take risks .
2926  Economy / Gambling discussion / Re: Crypto casinos pros and cons on: May 10, 2020, 05:05:28 AM
Pros:-
           Privacy
           Decentralized network
           You can actually stay out of any infections that might spread through person to person contact
           You are saving your petrol charges 😂 , so don't worry about paying transaction fee once .
           Wide variety of interactive games , that can be played even on mobile .

Cons:-
           Some demands KYC
           You don't get the hands on experience that some might want .
            You gotta make your own food and serve yourself sitting alone in your room 😂

These are the only things I can think of .
2927  Economy / Gambling discussion / Re: Las Vegas Mayor Wants to Re-open Casinos. Thoughts? on: May 10, 2020, 04:45:40 AM
Yes I heard about this, I do think it is a really bad idea. One can try and ask the people to follow the rules , but guess what??
They won't! Someday there will be one person who will actually come there without masks and will be the source of infection for others. One cannot take responsibility for each and every man out there .
For the time being he should respect the doctors working hard to try and control the virus, everyone is risking their lives for us to be safe , we should rather stay and home and follow the regulations by heart , it is for us , not for someone else.
2928  Economy / Gambling discussion / Re: Things you shouldn't do when gambling at casino this time... on: May 10, 2020, 04:38:26 AM
If you are able to go in a casino am Preety sure , your country doesn't have the virus. As a matter of fact even if you go there and it's open I don't think you should touch anything without gloves and sanitize every 20-30 min. It's very risky. Plus you won't probably have much company in the first place.

I think most of it should be online for the time being. This is a very critical time in the history of mankind and you should be able to make through it . Don't risk yourself, try finding a good online casino site .
2929  Economy / Gambling discussion / Re: Is Crash game more risky ? on: May 10, 2020, 04:03:54 AM
See I do think crash is rather profitable and enjoyable, plus if done correctly you can make a lot of money with it.
I do not think it's more risky , it's as risky as any other game online , I personally enjoy the concept of crash game .
I would advise you to place small small bets on it and remember that highs are going to be followed by a series of loss in the game.
Plus I also read about them where it did say that it is equally fair to it's users.
Best of luck 👍 place small bets till the time you start learning how to go with it .
2930  Economy / Gambling / Re: My urge to go to land base casino in this lock down and how I fight it. on: May 10, 2020, 03:58:55 AM
Few things that might help you go through this tough time:-

It's quarantine therefore any loss of money would be reflected badly
Controlling your addiction for a while means you can live without it.
You can try and doing some recreational activities and think about your family and get them involved in this too.

I hope all goes well with you soon.
2931  Bitcoin / Bitcoin Discussion / Re: Is Blockchain a Good Career? on: May 09, 2020, 11:25:49 PM
I do think that when it comes to blockchain you can actually do ahead and earn like a hell lot of money if done correctly.
Blockchain is not just in Bitcoins now a days , it's everywhere , in Schools , hospitals, it is making the life of everyone easier.
I would like to go ahead and source some places where the blockchain is bring used right now (taken from a a source https://www.fool.com/investing/2018/04/11/20-real-world-uses-for-blockchain-technology.aspx )

1. Payment processing
2. Monitor supply chains
3. Retail loyalty reward program
4. Digital ID's
5. Data sharing
6. Copyright
7. Digital voting
8. Real estate
9. Food safety
10. Data backup
11.tax regulation
12. Worker's right protection
13. Medical record keeping
14. Weapons and tracking
15. Wills , inheritance
16. Equity trading
17. Management of internet in certain sectors
18. Energy futures and trading compliance
19. Security access
20. Tracking drugs
21. Record keeping..... Etc.

List is endless .!
Come again people who do not think it would be a good future strategy to be learning about it..
2932  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin a Safe Haven Asset? on: May 09, 2020, 11:15:52 PM
Essentially nothing is a safe heaven , even not Fiat , right now at the time of the pandemic we have seen some major changes and the ups and downs , therefore I do think nothing can be regarded as a safe heaven .
Bitcoins is very volatile plus it is dependent on the people how they treat their share of the Bitcoins and therefore we cannot just make an assumption and expect them to keep holding for a long while.
Plus we have whales here who can drop down the price by 50% , if all of them decides to move out .
But at the same time I do think that , Bitcoins is an amazing invention and people are able to use it for their day to day activities , so I hardly think anyone will abandon Bitcoins anytime soon . But then again , we cannot do anything regarding this .
2933  Economy / Service Discussion / Re: Are escrow services against Decentralized network? on: May 09, 2020, 07:36:41 PM
But at the same time this is making the network a little centralized.

 
Does escrow have anything to do with the network? IMO the network remains decentralized. What a user does with their coins does not change how a decentralized network operates.
We could argue that the greatest danger to decentralization is trading on entralized exchanges as it not only gives your private key to someone (who you don't even know, unlike escrow that can be held by someone you know and trust) but also taints your coins with a fiat trace.

When we are talking about the practical implications I do think network as a whole does depend on a lot of factors and not just it's mathematical definition.

Therefore when we go around talking about the Bitcoins network it is dependent on the user , on its usage and it is affected by a whole lot of things .

Practical implications are somehow very varied and widespread therefore I do think it is certainly very important to talk about it here .

Plus I do agree with the fact that the third party escrow services are dangerous . At the same time I do believe that no matter what one way or the other the cryptocurrencies can easily be traced by the government since we have to sell it and receive money online in bank accounts 50% of the time. But then again it is a practical implication , one can actually use it as a Currency and go around without any trace .



But at the same time this is making the network a little centralized.
No it isn't. Trusting another human being to act as an escrow has exactly zero influence on decentralization or otherwise of the bitcoin network.

Since we do not know what Mr. Satoshi would have to say about it
We can certainly infer from what he wrote in the past. See the following two posts:
https://bitcointalk.org/index.php?topic=1283.msg14136#msg14136
https://bitcointalk.org/index.php?topic=750

It's absolutely safer than a straight payment without escrow, but not as good as a human arbitrated escrow, assuming you trust the human enough.

He seemed to be well aware that human arbitrated escrow was not only likely, but potentially even desirable.

Do you guys think we could in the future have some software that would be able to do escrow services unbiased ,able to make the Bitcoins completely decentralized ?
Bisq comes pretty close. Funds are held in a multi-sig escrow that prevents either party from unilaterally accessing them, but allows both parties to agree to release them once the trade is complete.

Plus thank you for actually working up for this and digging up the past post by Mr . Satoshi Nakamoto , it is amazing to see what he could have already imagined at that time , he was a man of the future might have been using the time machine .

2934  Economy / Service Discussion / Are escrow services against Decentralized network? on: May 09, 2020, 06:26:10 PM
For people who are new to Bitcoins and still wants to participate in discussion please allow me to explain escrow services in layman terms:-

Escrow might be taken as a bond which is held by a third party , in case of Bitcoins a trusted third party holds the amount until and unless the conditions are met and then it can be released to the receiver.

I am in no way saying escrow is unimportant .
Let's be honest , no one here knows anything about anyone and therefore it is the single most thing that is keeping the campaigns working.

But at the same time this is making the network a little centralized.

Maybe we can never achieve complete decentralization ? We would always need a third party to make sure people are responsible and doing what needs to be done.

But this is all against the decentralized network that Bitcoins is . Since we do not know what Mr. Satoshi would have to say about it , I do think his plan was ever to achieve complete decentralization ? Since he was intelligent enough to predict the escrow services becoming a huge part of the community in certain sectors.

So I do think :- Bitcoins is a decentralized network but for the processing of Bitcoins as a whole we do need some centralized efforts. Therefore it is not free from the centralized society .

Do you guys think we could in the future have some software that would be able to do escrow services unbiased ,able to make the Bitcoins completely decentralized ? Or is it not needed and you guys are comfortable with it ?

Personally I do not think escrow services on the third party exchange sites are good , they are flawed , if a person is able to generate appropriate documents even though the payment is not complete , or due to some personal errors , one might have to wait for days to actually open a new ticket , get it resolved and then again , there is no way it might come back 100% .

2935  Bitcoin / Bitcoin Discussion / Re: I would like the confirmation of more expert people on what Bitcoin is on: May 09, 2020, 05:51:37 PM
Hello
Am not an expert but I think the best way to explain Bitcoins is :-

A non centralized currency which runs in between just sender and receiver without any middle man . Now when you are making a transactions you need to broadcast the transaction to a network where Mining necessarily completes it .

A block is added and analyzed , then it directly converts the transaction's input into Output. Which takes approximately 10-20 min, sometimes even longer.

This is why mining would be important even though all of the Bitcoins would be mined one day.

Therefore heads off to miners for working for us every day and this is why there is a network fee for the transactions :') , Even they need to get paid .

Sorry if I said something wrong though , please feel free to correct me and add something more.
2936  Bitcoin / Bitcoin Discussion / Re: Tone Vays channel deleted from youtube on: May 09, 2020, 03:47:58 PM
YouTube and Google have recently joined hands to go all out against Bitcoins , they are apparently banning any content which is too much into cryptocurrencies and stuff .
They were supposed to be a free place where people could share their thoughts but it is no more like that .
I highly suggest we guys put forth an appeal for them to see what they are doing , for them to understand that they cannot just go ahead and do this . They are blocking a portion of the community out .
What if soon enough we would not be able to find any results regarding Bitcointalk.org on Google ?
This is not something that should have been done .
Ban bad content , don't ban the things that you are still not able to understand correctly.
Only 10% of it is being used in crime , 90% is actually fruitful usage .
2937  Bitcoin / Bitcoin Discussion / Fun Facts about Bitcoins on: May 09, 2020, 02:49:32 PM
Hello everyone I hope everyone is staying at home , today I stumbled across an article about Bitcoins and I would love to share some interesting facts about Bitcoins :')

1. Apparently people in the community are using Honey badger as the unofficial mascot of Bitcoins .

2. Apparently in 2010 due to a bug 184 billion BTC were produced 😂 , don't be so happy guys this error is already erased .

3. The maximum number of Bitcoins is not actually 21 millions but actually 20.99 something.

4. A smaller unit than Satoshi is in use now called msat!

5. Bitcoin's uptime is covered apparently 99.99% which is supposed to be an amazing thing if a centralized body achieve it .

6. The Disappearance of Bitcoins is actually connected with CIA when a person named Gavin actually went and complained about him. - creepy - (I don't think he would have disappeared if all he did was say good things about him)

7. The first Faucets actually gave 5 BTC ! *5* to each visitor ( why did I not know of this before 😭)

8. It is only used 10% for the crime thing ! ONLY 10% !
(For people asking me to back it up 😂 "
Illegal Activity No Longer Dominant Use of Bitcoin: DEA Agent. A special agent with the U.S. Drug Enforcement Administration (DEA) has reportedly revealed that the use of bitcoin in illegal activities has shrunk to about 10 percent from 90 percent previously.", Read about it first !)

9. There are around 70 forks related to Bitcoins.

10. Mining consumes much energy as a mid size country 😅 ( we gotta use some renewable sources soon enough )

11. The first transaction for Bitcoins was made for PIZZA !(first time when it was used as a Currency)

12. Lightning network can hold millions of transactions per second! ( Trust me that's good )

13 . Since 2017 the Bitcoins have achieved higher transactions compared to PayPal related to values .

https://www.coinmama.com/blog/40-surprising-facts-about-bitcoin/

There are around 40 facts here , feel free to read and share some of your own 😊 .
2938  Economy / Speculation / Re: Do you think that the price of bitcoin can come down to below? on: May 09, 2020, 02:26:59 PM
See I do not think that the price of Bitcoins will go that down .
In simple words :- 50% of the Whole Bitcoins is being owned by whales and the fortunate section of the society , therefore if the price declines and people starts selling it off , then it won't go that below.
This was the mathematical reason .

Now practical :-
Apparently Bitcoins is something that has been providing people like us with some small jobs and people are able to buy and sell their services online at this time , which is helping a lot .

Therefore I do think people will continue to use it for years to come , it is a techno of the future and with time people will understand it.
2939  Bitcoin / Bitcoin Discussion / Re: Goverment can literally destroy bitcoin whenever they want on: May 09, 2020, 01:10:42 PM
That is where you are wrong.
People can destroy government anytime they want .
Government needs to understand that they are not the ruler , they are the caretaker of their nation and it is a Preety big thing to actually be able to help everyone with .
Bitcoins and cryptocurrencies are again a remark for everyone that the power is in the hands of everyone and one should always take it as a responsibility.
Even without any middle man or centralized body one can function properly.
2940  Economy / Economics / Re: What N America and Europe need to start on now! on: May 09, 2020, 08:00:06 AM
Amazing Article , I think you should actually try and get your government listen to these facts. 
I do think at this time of quarantine small farmers and other small business owners are getting affected a lot , therefore soon it would be a very bad situation for them , I think government should start giving them incentives or leave the middle man and transfer the vegetables and fruits from them to the people in need .
One needs to make a local website and the local authority should actually monitor it and people could actually exchange services there since the import and export is now banned .
The small businesses should actually gain a lot of support so that the local ecosystem could flourish on its own.
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