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3281  Other / Meta / Re: What happen when two person report the same post on: December 02, 2022, 03:37:36 PM
The other thing; I've noticed some users getting a little disgruntled on getting bad reports or them staying unhandled. So, they've reduced their reporting activity, which is a shame. I do get why they would be frustrated by that, but it's not always that the report hasn't been seen it's just been chosen by those that have reviewed it that it was either bad or was better to stay unhandled.

I have had several such situations personally, but most of them are resolved after a public announcement or by contacting a mod that I know is active in a certain board. These are those situations where you know you have a good report, it is handled as such but is marked as bad, which is of course a mistake that can happen to anyone.

As it is an exclusively voluntary activity, we cannot actually be in a position to be disappointed, but perhaps encourage others to use the "report to moderator" button a little more. Everyone has the right to their opinion, but some prominent members of this community have marked this activity as a waste of time, which must have had an impact on other members.
3282  Bitcoin / Bitcoin Discussion / Re: Ponzi scheme scammer uses BTC to cover tracks on: December 02, 2022, 02:35:02 PM
~snip~

There is no justification for Ponzi schemes, regardless of who such information comes from, good friends or just acquaintances - the fact is that a lot of people will lose a lot of money in that story, and anyone who promotes it in any way is complicit in the final outcome. Not only will people lose money, but they can become victims of identity theft - and that's a much bigger problem than losing a few hundred or thousands of dollars.



@WeThePe0ple

32. Posting multiple posts in a row (excluding bumps and reserved posts by the thread starter) is not allowed.
3283  Economy / Speculation / Re: You sure bitcoin/crypto isn't losing popularity to sustain whopping 16K coins? on: December 02, 2022, 02:16:21 PM
I own close to 2 bitcoin now, purchased in the last few months so I'm under water on my investment, and am worried that bitcoin has run its course and now its just all downhill from here. I slowed up my bitcoin buying at this point because I see all the negativity out there.

Did you think that BTC price will experience a new bull run just because you bought 2 BTC? It doesn't work that way and you should have learned that before you decided on that investment, so now you might be less worried about the fact that you have an unrealized loss. Negativity is always present with Bitcoin, and it is most pronounced during the bear market, it has always been like that and I don't see it changing in the near future.

I may purchase more at 10K though as that is what most people think we are heading to, even on this forum.

You see, all this negativity has its positive side, because maybe you will be able to buy even cheaper BTC, which is not a bad thing if you believe that the bear market will end in a period of 1-2 years.

To sum up my point here, everyone hates bitcoin and crypto right now and I don't see it changing. I've never seen more negativity and FTX made everything a lot worse.

It just seems to you that everyone hates Bitcoin, in fact they hate Bankman and themselves because he betrayed their trust, and before that Kwon did something similar. Bitcoin is not to blame for the fact that there are incompetent people and scammers in the world, in addition to the fact that there are millions of naive people who believe them.
3284  Economy / Economics / Re: Does Japan fall behind in the crypto industry ? on: December 02, 2022, 11:49:04 AM
As one of the world's leading economies with countless cutting edge technologies, Japan has maintained its high-profile status for many decades.

And did you know that Japan is the first in something else, not very popular?

Japan, with its population of 127,185,332, has the highest national debt in the world at 234.18% of its GDP, followed by Greece at 181.78%. Japan's national debt currently sits at ¥1,028 trillion ($9.087 trillion USD).[/u] After the stock market crashed in Japan, the government bailed out banks and insurance companies and provided them with low-interest credit. Banking institutions had to be consolidated and nationalized after a period of time and other fiscal stimulus initiatives were used to help reboot the struggling economy. Unfortunately, these actions caused Japan’s debt level to skyrocket.

Also, considering the fact that Mt.Gox was based in Japan and that they have not been able to solve this problem to this day perhaps best speaks to the fact that not everything is in that country as some people think.

As for the sports results you mentioned, beating Germany, which is not even a shadow of what it used to be, or Spain, which wanted to avoid winning the first place in the group in order to avoid Brazil in further competition, is not really something to judge their strength on. The real test is next Monday when they play against the finalists of the last World Cup.
3285  Other / Meta / Re: What happen when two person report the same post on: December 02, 2022, 11:35:47 AM
~snip~
Unfortunately, reports have died down in recent months so I imagine this effect is more noticeable. Again, it's not a problem in my opinion, but probably more noticeable. I miss the days when I woke up to hundreds of reports, it's somewhat therapeutic to deal with. 

Either the forum has drastically improved in the sense that there is less spam, or the most active ones have given up on their mission to clean the forum of all garbage. I would still say that it is the latter, although every bear market causes less activity on the forum, so that should also be taken into account.

Is the reason why some have given up on mass reports that they don't want to waste time on something that they have no personal use for, or are people just tired and leave that work to someone else?
3286  Other / Beginners & Help / Re: Bitcoin is Honest, So Should You on: December 02, 2022, 11:26:01 AM
Bitcoin is not a human entity, to be honest, and likewise, me trying to understand this your concept of "Bitcoin is honest and so should you" and it's kind of getting me confused, because as a digital currency Bitcoin has been working base on its volatile pre-designed protocols right from day one and hasn't changed, likewise US dollar and British pounds.
~snip~

Maybe it would have been better if the OP had used the term "transparent" and not "honest", but everyone is entitled to their own opinions in terms of how they will look at something. I've noticed (and I'm sure some others have too) that mostly some new members have a similar attitude towards Bitcoin because, like the OP, at one point comparing Bitcoin with fiat currencies and the banking system, they realize how much honesty they can find in Bitcoin.

As @Welsh wrote, this perception can change over time, because Bitcoin is something new and fascinating to everyone at one point in time. For some, that time lasts longer, for others shorter, which does not mean that I look at Bitcoin much differently today than when I first became seriously interested in it.
3287  Bitcoin / Bitcoin Discussion / Re: Ponzi scheme scammer uses BTC to cover tracks on: December 02, 2022, 10:48:28 AM
They can cover their tracks as much as they want, but they can't hide if one of those powerful agencies wants to find them - or in other words, if the scam turns into a multimillion-dollar fraud. There are numerous stories that speak in favor of this, although there are certainly those scammers who manage to stay under the radar.

That patient of yours took the bait very well, because he reinvests almost everything he allegedly earned, and at some point everything will collapse and he will be left with nothing. Even what he is telling you may not even be true, maybe he is just one of those who throw the bait and wait for someone like you to be caught on the hook. 600% investment return in just a few months is certainly nothing legal, you shouldn't have any doubts about that.
3288  Economy / Gambling discussion / Re: FIFA 2022 world cup on: December 01, 2022, 01:29:09 PM
In my opinion, Croatia is in a better psychological position after the great match against Canada, while with Belgium, according to everything that comes out to the public, things are not working the best. However, they know that they have a chance and will certainly not give up without a fight, even though Croatia passes the group even with a draw. In any case, it will hopefully be a good match in which the second and third team from the last world championship meet.
3289  Economy / Economics / Re: EU Moving to Ban Privacy Coins: Report on: December 01, 2022, 01:10:44 PM
I don't know how the authorities would be able to track the transactions of a privacy coin and catch the people, who are transacting.

They cannot forbid anyone from doing a private transaction, it is impossible to prevent it. What they can do is to forbid all CEXs to list such coins and thus prevent as many potential users as possible from getting possession of them. With such measures, they certainly want to reduce the share of such transactions and direct as many users as possible to use those cryptocurrencies that can be monitored.

Of course, this should not be interpreted as a friendly attitude towards Bitcoin, because everything that is not under the direct control of the ECB is not acceptable and will not be encouraged by legislators and politicians.
3290  Economy / Speculation / Re: Bitcoin Is Approaching $17000 on: December 01, 2022, 12:54:51 PM
Hate to be a downer but I'd wait till the weekend to see if it can hold this level for an entire week first. Nice surprise, of course, as I thought we were headed down farther but this is the resistance line currently and it's got to close more convincingly.

Apart from the fact that the OP is trying to promote his website in a bad way or is a paid shill, topics like this are almost completely meaningless because they do not provide any important information, but offer us the cheapest speculations. Now that the price has exceeded $17k, should we expect a new thread in which the key figure will be 18?
3291  Other / Beginners & Help / Re: [Warning]: Password Manager LassPass has been breached, accessed customer data on: December 01, 2022, 11:24:43 AM
Someone may call me old-fashioned, but the only password manager I used was the one in the browser, but I gave it up because I simply don't believe that such sensitive information should be accessible to hackers - and as we can see, it happens all the time. Paper and multiple copies of passwords are still much safer for me, with of course the constant vigilance of not infecting the computer with a keylogger or becoming a victim of phishing.
3292  Bitcoin / Bitcoin Discussion / Re: Bitcoin's freedom is Absolute! on: December 01, 2022, 11:13:18 AM
  • If I decide to do KYC on all the exchanges and gambling sites, that is freedom
  • If I decide to leave my coins on exchanges, that is my choice, and it is called freedom
  • If I decide to share my private key with everyone I know, that is freedom
  • If I decide to use and reuse one particular address for all my transactions, that is freedom

You can call it "freedom" and I have nothing against you living that way, but all that you mentioned does not only cause possible problems for you, it is also the reason why catastrophic things like Mt.Gox, Quadriga, Luna or FTX happen to us, along with dozens or hundreds of smaller ones that were not globally exposed. It's not a matter of following the principles blindly and 100%, but of respecting some basic things - that has nothing to do with the freedom you're talking about.

My point is, no one should detect for anyone how to enjoy the freedom. You can only advice or teach, stop seeing people using exchanges or doing kyc as anti bitcoin.

Bitcoin was conceived as a decentralized cryptocurrency, and anyone who uses centralized ways of storing it is somehow wrong - millions of BTC are currently in such storage and it is simply anti-Bitcoin. When the next big scandal breaks out, then call on "freedom" again, and don't ask why the new crash happened.
3293  Economy / Speculation / Re: December Has always Proved to Be a Good Month For Cryptocurrency industry on: December 01, 2022, 10:54:27 AM
@fennic, Alt accounts on the forum are not prohibited, but from the style of writing, it seems to me that the OP is your alt account, and in addition, sharing merits between alt accounts is not something that is looked upon in good faith. If anyone wonders why I concluded that it is about alt accounts - the style of writing random words with a capital letter is more than evident + a fast reply in 3 minutes.



December was not always a good month for Bitcoin, some just believe that there is a Santa Claus and that he will bring them an unexpected gift in the form of a big bull run - something like that this year is astronomically far from reality.
3294  Bitcoin / Press / Re: [2022-11-01] Grocery retailer Pick n Pay start accepting cryptocurrency payments on: November 30, 2022, 04:21:39 PM
I think more people should do a study on the reason why the adoption is so low, because we have to pinpoint where the problem is.

Do we need research for that? The reason is simple, most of those who own Bitcoin or an altcoin own it as an investment and do not want (or do not know how) to use it as a currency. I personally know several dozen people who own cryptocurrencies, and I have never heard from any of them that they have paid anything with them - regardless of the fact that we have a lot of options where we can do it.
3295  Other / Beginners & Help / Re: I'm finally saying goodbye to CEX and Centralised projects on: November 30, 2022, 03:57:52 PM
If you are been told in November of 2021 that Luna will go to zero will you believe it?
If you are been told in November of 2021 that FTX will go bankrupt and others like 3AC, Genesis and Voyager will be on the list too will you believe it?

Bad projects led by incompetent people with hidden bad intentions will always fail, it's just a matter of time. Not only was it realistic that what you are talking about would fail, but a lot of other things that many believe in today would also fail. In any case, good for you if you decided not to trust centralized projects anymore, because it means that you finally understood why Bitcoin exists.



The users of Mt. Gox or Cryptopia also didn't believe anything could go wrong, but one morning they woke up to a nightmare. And those investors are still waiting for reimbursements. All centralized crypto exchanges are dangerous, and it's just a matter of time before the next one crashes, gets hacked, or exit scams.

Or maybe the Quadriga exchange, which few people mention these days, regardless of the fact that it still smells like a classic exit scam. Obviously, no one wants to remember their failures, but people who don't learn from the past are doomed to have even worse things happen to them in the future.
3296  Economy / Speculation / Re: Bitcoin December price on: November 30, 2022, 03:16:50 PM
As much as some talk about positive things (which are actually far from it), I think that by the end of the year you shouldn't expect anything more than max $20k in the best case, and if we hit a new bottom (which is not impossible), send a holiday card to those who started this whole shit show (Kwon&Bankman).



I saw this today which could indicate bull run later on, but I do not know if it would be in December, but people are accumulating is all I guess and that December will not be bearish, not just because of the report, but I am sentimental about it and because the bear period has been long enough and not knowing what could hallen again like FTX that could further sinking the price down.

No matter how hard you try to find news that should mean the end of the bear market, you forget that recovery cannot start by itself or at a time when people are struggling with inflation and have additional costs caused by the fact that they have to pay for heating. I don't want to diminish anyone's contributions, but the richest markets are in the Northern Hemisphere, and it's not the best situation there in terms of people investing in anything, let alone Bitcoin.
3297  Bitcoin / Bitcoin Discussion / Re: Brazil Has Approved Bill Recognizing Bitcoin As a Payment Method. on: November 30, 2022, 02:34:17 PM
Is there a difference between Payment Method and a legal tender?

It is extremely frivolous to comment on something without reading what exactly it is about - is it so difficult to click on a link or do you consider it a waste of time?

Quote
While this represents a huge step forward for cryptocurrency adoption, the bill falls short of making Bitcoin legal tender.

For all those who relate this news in any way to El Salvador, don't be too excited - Brazil has not declared Bitcoin to be legal tender. How much this kind of law will help people in Brazil remains to be seen, and we will be able to see that only when it is officially approved by the new president next year.
3298  Economy / Reputation / Re: Is Satoshi a Russian? on: November 30, 2022, 11:43:00 AM
This has made me think that Satoshi is a Russian. I said so because I am a Nigerian. If I am able to develop something like because, I will bring my people in to take early spot and they will also support me when necessary.

If Nigerians one day become dominant on the forum, will that mean that Satoshi is perhaps from Nigeria?

Such pointless discussions lead nowhere, because the real name and nationality of the person behind the pseudonym Satoshi Nakamoto is completely irrelevant. Satoshi didn't invent Bitcoin just for Russians or Nigerians or anyone else in particular, and that's why he decided to remain anonymous.

Perhaps Satoshi was an alien whose spaceship crashed on Earth, and while repairing his spaceship he invented Bitcoin along the way - and is gone because he returned to his home planet in the constellation Taurus Wink
3299  Other / Beginners & Help / Re: Bitcoin for beginners: Five tips you should know as a beginner on: November 30, 2022, 11:26:24 AM
I recommended online wallets for those just starting crypto currency. Cold wallets are  really expensive. An external storage source costs almost 300-350 dollars as of now.

I know that there are hardware wallets that cost even $2000, but their price does not come from the fact that they are superior in providing security or some extra features, but rather that they are made of special materials such as titanium. In addition, today anyone can buy a fully functional hardware wallet for less than $100, or turn an old computer into cold storage practically for free.

To some extent, I understand the logic that goes in the direction that online wallets are a very easy way of storage, and they are also free - and maybe in some way they provide greater security in the sense that the user does not download a fake desktop/mobile wallet - even though phishing is not something that should be completely ignored.

Simply put, if you don't know what you're doing, it's not a question of whether you'll run into a fake wallet, phishing link or clipboard malware first, it's just a matter of time when it will happen.
3300  Economy / Service Discussion / Re: Can We Consider This Casino An Industry Giant In Marketing Here In Bitcointalk on: November 30, 2022, 10:50:49 AM
I was not talking about individuals but sportsbook and casinos.

You misunderstood me, I was referring to the OP and the reason he opened this topic, for him personally that amount is a lot of money. We have to understand that because some of the members of this forum come from countries where such an amount is a small fortune.
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