Petro is centralized an thus easy to block and shutdown. All you have to do is block access to the single server, or make something happen to the single data center where its few (private) nodes reside. Absolute garbage.

On the opposite you cannot block Bitcoin, there is no single point of failure. If a country like Iran wants to evade US sanctions, all they have to do is use any decent crypto, such as Bitcoin and not bother with centralized garbage.

Besides Venezuela is having enough trouble managing to keep the lights on, yesterday we had yet another nationwide blackout of over 12 hours, and again the "evil Americans" with their "electromagnetic pulse weapon" are to blame (again).

I agree this should go to meta, and i also agree that message deletion in this forum is way too common. The worst offending part, is that there are zero explanations, its like random entropy that might hit you at random for no apparent reason and you have to live with it like a part of life...

I just told you to use Tor... Set up a router with tor and have your LAN use that, or a vpn or whatever you like. Your ISP can tell you are using Tor, but they can't tell what for... In countries like China they can visit you if they want to inspect your suspicious encrypted activity, so in there you have to disguise it even more.

It should be possible with a couple of S9s, but not 200...

Freedom. You only remember it when you want to do something outside of the norm, but then its too late, because you foolishly committed to them. I can simply counter your argument, there is nothing the Bitmain firmware can do that Braiins OS can't do much better, AND you keep full control of your device...

Just because they made the chips doesn't mean they are the best to use them. There are countless examples in history, but i would mention: Atari, Activision and the Stella graphics chip (hint: The rainbow). We could go over all 40 years of personal computing history, and this history only repeats itself.

You would have never gotten that "multi-option" menu without bOS.

By being careless, yes they can. If you are careful, and never reveal it to anyone, and use tor in your spv (ie. Electrum) wallet, they can never tell.

Mining is quite easy to detect and block unless you go with something like tor for that as well.

As for keeping the seed words safe, you could steno-graph them. By, say, taking some book and mark the words with a little mark or such. Possibilities are endless in how to hide 12 words in plain sight.

Most likely those caught would be because they revealed it online, and have ties online that link your username to your real name.

It is not easy to make a brand new online virtual identity completely untied to the real you, but it is possible. I would recommend the use of something like Tails for starters. Boot that from a dvd, and when you finish turn the pc off and its all gone. No traces in that pc.

This is not just India, but any of the other 15 countries that "ban" bitcoin. Don't let your guard down even if the authorities are inept and corrupt.

My country's garbage fiat is already 1:1 with the satoshi so you could temporarily call them bolivar... (it won't last long, at current hyperinflation rates).

1 satoshi is always 0.00000001 BTC.

Over here 5 million satoshis would buy a 4k display, this can be simply expressed as:

0.05000000 BTC but obviously convention dictates the zeroes to the right are redundant, so the TV is just 0.05 BTC. or. 5 million satoshis.

Those who think expressing in satoshis is hard, is people who have never lived under inflation. Expressing things in thousands, millions, or hundreds of millions is how i remember prices for more than half of my adult life. Given that the moronic government keeps removing zeroes and remaking the banknotes, Zimbabwe style as if that would stop anything (and we are headed to the same result, already people are setting prices in USD albeit that's technically forbidden. But you know how it is between politicians and reality...

In theory the word "cent" already is telling you 100 (remember per-cent)?

Then what is a satoshi?

1 BTC is 1.00000000 or 100 000 000 that is 100 million satoshis. Therefore a centimillion (a hundred million part of a Bitcoin).

This also happens to be 10 nanos using SI nomenclature. Maybe you could also say hectomega (100 million) satoshis

Instead of cent you could say cenmil, or centimillion. Perhaps something resembling a ¢ᴍ or ᴄᴍ squeezed to be a single char size, with a vertical stripe.

Bitcoin was the first one that did it real good. It could be improved, but it was good enough for many issues, thats where its value comes from.

Other forms of digital money existed before, but they weren't as secure, or were centrally tied (meaning weak); or were simply to cumbersome to use.

Bitcoin fee is often a mixture of misunderstanding and, in my opinion, bad wallet design. You see, for most situation you are fine with the lowest fee, regardless. Can you wait like one day? Then don't bother paying more than 1 Sat/B. But in many wallets this is either unavailable or quite hidden.

Being able to buy that cup of coffee instantly would mean perfection, but is not necessary to be useful. And yet off chain solutions are filling that void anyway, or you could be a bit more old fashioned and carry some spare change in some altcoin for these. Thanks to segwit the same thing people think to do with LN, could be in theory be done with say, Litecoin. That's because they can be exchanged directly now without going to an exchange, going straight from wallet to wallet. All that's needed is wallets that would do it...

Or if the world ls pleased with LN, then so be it. Only small quick transactions would need that anyway.

Being the first successful gave it a lot of value. and being alive after a decade (where several others have perished) has proven it to the markets.

Given the profitability lifetime of several altcoins, which could be measured in seconds sometimes, your question is rather pointless. Other coins might be less "profitable", but can hold their value longer. And very few can actually keep increasing their value, if slower every year, 10 or so.

2019 is simply too long a lifespan to give you an answer. Its like asking whats the best smartphone in 2019, when a few months can make a difference. Now imagine it when a few seconds can make a difference...

Sure, once its over you could come and say: coin xyz was the most profitable in 2019, all the 3 seconds its pump lasted before getting dumped into oblivion...

Can you dare ask the same about the past decade? The answer is obvious: Bitcoin.

Or, given that 1 BTC is actually composed of 100 000 000 satoshis, meaning nearly 2 100 000 000 000 000 satoshis in total, but unrelated to your outrageous price i already answered to in the other thread, it basically means that, no, it isn't getting to that price.

Either way there is a cap. Yes, 21 million sounds scarcer than 2 quadrillion*, but the net effect is the same. It is a deflationary currency surrounded by a world of inflationary money.

*Quadrillion in the short scale used by Americans and many English speaking countries. Its actually just 21 hundred billion in the long scale used in many more countries...

You know its far more easier to hide your bitcoin stash (a single piece of paper with a bunch of words written by hand) than a gold stash. You see, that piece of paper can literally hold billions of dollars (or a few cents).

I personally do not think that outrageous price you mention will be reached (unless USD collapses), so forget the get rich quick scheme, that only worked for the early investors, the later ones can make some money but are destined to never reach those gains. But, if you happen to have a bunch of gold lying around, you can actually trade it all for bitcoin and save a lot in the process. No more vault/bank renting, or hiring security guards, etc...

The mere existence of bitcoin might press against the gold price. I think at some point you will see some people selling their metals to go into Bitcoin, once they learn Bitcoin's benefits.

Think again. Your many stories high fortune can take the same space than 1¢: a piece of paper with a bunch of written words by hand... And if you are clever, you can even steno-graph those in some book or so...

There is probably going to be a new type of millionaire that remains hidden in plain view, someone who never works but doesn't appear to be in financial trouble either, ever. If the person is disciplined (no stupid "rich" life), he/she can spend the rest of their lives in complete anonymity.

No, albeit Bitcoin can be improved to be even more resistant, it is of my knowledge that Bitcoin right now is safe, IF people stick to using Bitcoin addresses ONCE, and only ONCE.

Once the proposed soft fork or whatever gets passed, then even this won't be as critical, but as it has always been since the beginning, if you want to be safe, use your Bitcoin address only once, then move on to the next one.

This is unrelated to the 51% attack, that doesn't even need to break the encryption, or use quantum computing.

Bitcoin can never stabilize at any price. Bitcoin isn't inflating its price by arbitrarily producing more so it can reach a 2% yearly inflation quota, which is what they do to the USD and other fiat currencies.

When bitcoin matures it will oscillate less, but it will still keep going the opposite direction than fiat money. Its not bitcoin's fault, that the current world monetary policy induces inflation.

This is a basic rule of everything actually. It is the famous Supply and Demand model. Basically yes, this affects bitcoin price, but as any other commodity in the market, other factors can also influence its price.

On a long term basis, the price will tend to go up, but it should go up slower and slower as the years and decades pass. This is because the thing people use to compare value loses value yearly by (foolish) anti-deflation policies of countries who just can't bother to read the Austrian economists and are scared of deflation, which Bitcoin is designed to be.

So all things equal (say in 100 years), if you then always moved all your money into Bitcoin, it would "earn" 2%, but that is actually everyone else inflating at least 2%.

Think of it as if you today moved all your money into gold, and only at the moment you were to buy something, changed only the minimal amount needed to purchase things (because the shop won't take your grams of gold directly). Of course real gold is a hassle to deal with. Bitcoin actually makes things easier.

I guess Digital Gold is an ok analogy.

In your situation my recommendation would be to boot from a secure linux media, a thumbdrive or dvd with a live distro such as (*)Tails. There install the wallet and recover it with your seed words. Then create a new wallet, write down those new seed words, and transfer all funds to it.

Turn off the pc and do whatever it is you want to do to fix your computer, such as malware scanning, or just wipe it all like others suggest. In the future, it would do you very good if you used a better OS in the first place, but even if you do having a live iso at hand is always a must.

Please people, stop ignoring these basic security steps. Don't do your money stuff with the same OS you use for pleasure. Even if you do run something decent like Linux as your daily desktop, booting from a live image would ensure no surprises. Especially important when handling (cold) paper wallets.

* The reason i tend to recommend Tails is because it comes configured to use Tor by default, of course you can do the same with any other distro.

Watch this movie: I Am Mother (2019)

I don't think MicroBT does direct unless you speak Chinese and can do very large orders. I think people here use third parties such as Pangolin, and they do have a Telegram channel and some support people available.

I don't think "a proxy" is going to help you with that, perhaps you are thinking vpn or such. Hiding yourself is not easy as you might think, perhaps you can achieve something using Tor.

In mining normally proxies are used for something completely different, such as consolidating all your hash rate to look like its coming from a single unit (or simply make less (but larger) connections to the pool).

Besides in hostile countries miners are usually caught by electricity consumption.

But for the average Joe, blockchain is invisible. "Oh they claim "thing" is safer now, great." At least bitcoin as a virtual currency has a bit more impact to the mind of end users, they are "using it" to pay with and be paid with.

Tim Draper is right, but one must not exaggerate. I think banks becoming optional can make life better, but only so much. Some people are actually desperate for others to handle their riches in exchange of fees, which can still be done with Bitcoin of course (just use an online wallet or exchange if you don't care).

Incidentally its the exact same way the Austrian School proposes to end fractional reserve banking, a bank with 100% reserve would actually charge you fees for storing your money, not the other way around... Unless you voluntarily want to lend it, and if that is so, your money would be unavailable during the time of the lend.

These things might seem annoying, but its the proof of a non fractional reserve system, which in turn makes a deflationary economy (based on real savings, as opposed to debt) thrive.

And if Bitcoin pushes the world away from Chicago economics into Austrian economics, you could in fact expect a (good) change in the way we live...

Actually it is good if they manage to achieve their ideal hashrates after a while. You shouldn't rush it. And remember to treat each hashboard differently, you will find some can take voltages that others can't. They are not identical.

Ok, how do you poll 100million people on an issue, or since they are the lawmakers, all the discussion involved? Now this can be done online in days.

Yes, it would have been technically possible to do it with snail mail in the span of months or years, but also prone to sabotage and fraud. Blockchain technology also happens to help secure it too...

Perhaps it would be more accurate to say: current technology helps facilitate a form of State-less government, where every citizen is the law maker and the decision maker, and provides justice. Unless you want to go down the slippery road of representatives, and rebuild a system with rulers and ruled again.

Of course, i'm also aware of some ideas involving AI, but i won't get in to that here. Just technology that facilitates (and secures) communication and decision making.