I don't mind KYC. I understand it from a legal POV, while at the same time I just wish there will still be a way you can exchange your cryptocurrencies without having to share your personal data with ANYBODY. However, Bittrex was a big issue for me. As soon as they put 0BTC limits for unverified accounts, except the fact that they did not even warn me through an e-mail or a website notification that they changed their policies and CHANGED MY LIMITS, they let me deposit but they didn't let me withdraw. So I sent money to their website knowing there is a 2BTC (or $2000, can't remember) limit, it all went fine, I traded my coins to BTC without any issue and .. as soon as I wanted to withdraw, they requested my ID. So there's no need for any KYC policy to pay you, but if I want my money back I am forced to do it?  I filled in my personal details and they sent me an e-mail telling me the details aren't enough and I should send them a photo of my ID. No thanks. I'd rather lose my funds. That's my problem with the KYC policy: the fact that it's being abused. |
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in my opinion Africa is indeed a good place for crypto because since aparthaid politics was abolished countries in Africa began to develop rapidly. and economic growth in African countries is also good especially oil-producing countries. and technological development is also very rapid. so I'm sure cryptocurrency can develop in Africa. and I am optimistic that in the future Africa will accept bitcoin as an investment and payment tool.
They barely have resources to live, how can crypto help them in any way? I can barely explain BTC to my friends which are using computers and phones on a daily basis. I can barely explain BTC to a programmer who's never studied blockchain before.. Yeah, inflation/deflation can be avoided in these 3rd world countried, but Bitcoin isn't the solution to their crisis and poverty. We have yet to find a solution for adopting crypto in the most modern countries while finding a much better and more reliable solution for countries such as Africa. |
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Though Coinmarketcap has several manipulating negative reviews but I don't think it's CMC's fault. Because Coinmarketcap is just a tool to show the coin value and volume. In every different exchange, you may see different prices for Bitcoin. So, it's mean on that day some exchange bid or asking price for 1 Bitcoin was 7900+ USD! This is not manipulation at all. Recently I wanted to trade my ICNQ coin because it was showing 50% increased! But when I checked the exchange, only one buy order was at a high price.
It's kinda confusing for newcomers, I've been fooled by this a few times before. Websites like CMC show the average price actually, and that isn't accurate. Low volume exchanges can easily show a technically wrong price of Bitcoin, if we compare it to other exchanges. If there are no orders on an exchange and somebody buys my BTC for $20k, the price per BTC will show as $20k on the exchange. If it's listed on CMC, it will affect the average price too. This could be prevented though through coding.. |
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They might increase adoption as they get people notice the fancier ATMs and, out of curiosity, they might check what they are for. The biggest problem as of now is, imo, learning how to use BTC and that it's pretty hard to exchange BTC for the local fiat currency. As soon as these get fixed, it's gonna be easy for people to join the blockchain tech. An awfully big number of people are afraid to use cryptocurrencies due to the fear of losing their money. It's like moving to China without knowing the language. You'll get lost at one point.
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We really need more and more micro holders to come in and buy BTC, but because of the Bitcoin futures market, whales with a lot of USDT can also move the market by placing futures contracts without having to evne purchase one BITCOIN and can crash or moon the price accordingly. On the other hand, the more people come to buy and hold Bitcoin as part of their pension fund or wealth creation fund, then it might slowly go up again over time and grow in real value also.
Although I'm kind of a holder too, this affects the market prices negatively actually. Holding might shrink the amount of BTC in circulation and make it look like everybody's holding, but isn't the circulating BTC graph the same one that is used to show how much BTC is used compared to months/years ago? We don't need holders and/or investors, we just need true believers. There's no point in having people hold their money in BTC if their only purpose is having a profit. Profit -> sell -> price shrinks. This isn't a profit game but our maybe ONLY chance of actually getting rid of the banking system which basically turns you into a slave as soon as you decide to work with them. |
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Welcome (in another way) to the forum then!
You probably fit right in with guys like me then! I don't know anything beyond the most basic code, and I actually would need a lot of help from the wiki if I were to operate from a command line (I actually still use a lot of manuals every time I do anything code related, other than from the most basic basic basic commands for windows command line haha).
But that hasn't stopped me from reading about Bitcoin. Hasn't prevented others like me from picking up and using new upgrades, and with reasonably great clients like Electrum, you can have quite a fair level of sophistication on how you transact with Bitcoin, beyond most average needs, so it's the little tools like that that gets you on board.
Here's my take as well: The biggest supporters of a tech may never need to know the nitty gritty underneath it all. I remember the guy who brought my town's first ISP, he knew it all... but the people that spread the word about his ISP, the teacher who asked all of us to get our own emails, build our first homepages on geocities, heck he knew nothing about how it all worked except how to sign up and get online! But thanks to him, I had a headstart. Maybe thanks to you, and the majority of forum users here, we all get a headstart on Bitcoin =)
Thank you for the message! Yeah, I'd never expect myself to know everything about Bitcoin or blockchain overall, but I'd like to expand my knowledge, learn and know as much as I can. It's too fascinating and revolutionary NOT to learn. I get what you mean. After all, one of us here might create sooner or later something that will change the world, and it might be based on the blockchain tech. You never know "too much" about anything out there, so I'm willing to expand my sight and see not just prices, transactions and numbers. I'd like to have a wider POV regarding Bitcoin. |
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Anything that goes up must come down, right?
Some people get bored of spamming Twitter with these "go BTC!!" tweets. They get kinda annoying at a certain point, I used to always miss important information regarding Bitcoin on Twitter due to the fact that most of the tweets were spammy.
BTC mentions on Twitter doesn't mean anything to me. It's the coin and the community that has to keep on going and growing.
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Thanks for the links. I think they do cover all my needs. Not a big fan of book reading, but I really want to learn more about BTC and this will help. Seen most of the documentaries out there about BTC now 😅 |
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When government have yearly meeting with many country I think cryptocurrency have brave to explain for the public country benefit by using bitcoin or altcoin for every transaction, by using bitcoin or altcoin export and import payment be easy and transparent than we have using money and bitcoin can be higher profit than many country use USD for their payment transaction.
Never gonna be used as a national currency. Not in our world or in a gov's concept. That seems like part of an utopic world to me, and it's not going to happen. At least not with Bitcoin. Corruption's everywhere, right? Transparency is what would make them unable to continue with the corruption. Whatever point of view you look at it from, BTC is not and will never be the candidate for a national currency, and even if we talk about exports/imports I have the same opinion. Not gonna work. |
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I've been a member here since 2016. That's a sign up on this forum 3 years after Bitcoin fascinated me and made me interested for the first time. 2013-2019 means 6 years of being involved in Bitcoin, and yet I have to learn a LOT about the way it works.
A lot of time passed and I did make many mistakes.. some which led to the lost of my funds, some forum mistakes but we all learn from the mistakes we make, right?
Anyways, I'm going to go straight to the point. Although I've been a BTC user for so long, I don't know much detail about the technical & mining part of it. I've always wanted to write in other, more advanced subforums here but I don't have the knowledge to, and I wish I had it.
How do I get to know the way Bitcoin works, the technical and more advanced parts of it, without having to learn the coding languages as I've never learned them before?
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altcoins are formed for alternative to blockchain but bitcoin is formed to built for transactions and successfully completelted 9 years no altcoin came near to bitcoin in terms of transaction speed
I think you're wrong, Bitcoin is not the fastest in terms of transactions, there are many Altcoins whose processing speed exceeds Bitcoin. the exact reason why Altcoin is unable to replace Bitcoin is that Altcoin is just a CLONE of Bitcoin that is trying to take part in the crypto market with better innovation, and cloning will not be able to replace the first. I agree to that, XRP so far is the fastest altcoins when it comes to processing transactions, it is also a good to buy because it is very stable, good for hodling in the long period of time. Replacing bitcoin with altcoins would be a long term process as well (just kidding, it is impossible) It is the wildest dream that coin developer wanted but sadly it can't become a reality, without bitcoin, blockchain would never be invented and so as altcoins. XRP is also against Satoshi's vision and investing in looks like disrespecting the early investors and the creators of BTC imo. There's no need of so many thousands of alts when we have one coin we can go for. I get it, some may have better tx speeds, fees etc but that doesn't make them better than BTC. We don't need a stable price. Actually, we shouldn't have to look at the price at all. We have to be here for the tech, but unfortunately it's all been turned into a profit-only asset and most of the investors don't even care how revolutionary this could be and what cryptocurrencies could evolve into. Instead of sustaining projects similar to XRP and Libra, I'd rather stick to BTC and only a few more alts such as Monero (for privacy) which are still here after many years and have had a good history. The rest of them cannot be called junk (although most of them are), but it's nonsense to have so many coins to choose from. It would've made sense if we had the ready-to-go atomic swap exchanges, but that these take some effort for now to be set up and I'd rather not risk anything. |
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Did someone ever guarantee you that the paper in your wallet will maintain its value in the future? Same thing applies to every investment. Once you make it, nobody can guarantee a rise and/or a profit.
Was Bitcoin even planned to have value though? I have never researched about this, but I don't think he even expected BTC to ever become worth $1 in the future. Prices are uncontrollable and you should not think Bitcoin might rise again "from the dead" if you're worried the opposite might happen.
However, just think about it: halving in 2020, it already went mainstream and keeps growing, the blockchain technology is already being used by some of the largest companies in the world. The smaller the price is, the higher interest it represents for investors who obviously want to get in at the smallest prices, especially whales. It's a game out of which the smartest will always win.
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If you want to make transactions with a specific coin, you can do this but follow the steps very carefully: Do you have a computer you're not using anymore? If yes, install any Linux distro on it, connect it to the internet, go to https://iancoleman.io/bip39/, shut down your internet (or you can download the repo from https://github.com/iancoleman/bip39 for offline use, it's safer) and get your private keys for the coins you need from there. You can follow the instructions from https://support.ledgerwallet.com/hc/en-us/articles/115005297709-Export-your-accounts ("Generate private keys (advanced)". Then import the privkeys you need, I guess from DigiByte as you said it still doesn't work. Be very careful, because going back online after opening up this website/repo or after entering your privkeys/seed anywhere on your computer, you risk losing your funds. EDIT: forgot to mention that I'm also having issues with my ledger nano s on my Mac OSX computer. If I try using my ledger on it, the digibyte wallet doesn't sync even after hours (and I don't think I have more than 20 txs on it) and trying to add BTC to the Live wallet gives me an internal error. Therefore, I have to use the old chrome app to use it on my Mac. However, even the chrome app doesn't help much with DGB, it still doesn't sync.. If I use my Windows computer, it works without any errors with any coin. So have you tried using another device? It might work... |
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The quote "Decentralized exchanges are, of course, being evaluated" is interesting, though.
I know I'm replying to a pretty old post, but there is a decentralized exchange that is planning on (and has even initiated the process of) adding Ledger & Trezor support. Here's their Trello progress webpage: https://trello.com/b/NQLsFMzK/blocknet-progress-trackerIt would be nice to have everything on the Ledger/Trezor and not have to move funds anywhere to exchange them. The future looks interesting. I think we're all running away from KYC and third parties we have to trust, I mean there are complications, scams and everything .. DEXs, if they'll make it through successfully without EtherDelta-like situations, would be our saviors. |
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Ive owned btc since 2014 and a bit of ethereum
Now I've spent it all.. and was wondering If there are any offers like the clam offer to get some free crypto for holding wallets since way back.
Anyone know of any places to get 10-50$ free btc?
Yes there are many website who pay per hour free crypto claims. Like clsim btc btc hourly etc you can claim satoshi by those website These are called faucets and it would take a pretty long time to get 10-50$ off them. They weren't profitable back in 2013-2015 either, as even then they gave a pretty small amount of BTC per hr/day. There is no way you can earn BTC or alts without effort unless you buy hardware & go for mining. One of the "free" (but you have to spend time to do this) ways to earn BTC is spending your time here earning activity and joining a signature campaign to get paid for your posts. Nobody will give you free money. |
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Whatever you do, just go for offline storage or using hardware wallets like Ledger/Trezor, although they don't have all the functions other BTC wallets have (for instance, you can't sign a message from their new Ledger Live software). I would never upload my BTC-related files anywhere on the internet, especially the seed or private keys... and especially on cloud servers. Although you encrypt them, you never know how your password can become accessed. I think burying it outside your home would be many times safer than that. I don't think a cop would stop you for finding some characters/words on a paper. However, we have examples like Australia (I might have mentioned the wrong country here) which could require you to give your passwords to them, and that may also include your private keys/seed. Now I'm not sure if this has ever happened to a cryptocurrency holder, but I wouldn't risk it. Anyways, offine storage is the best so I have never (and never will) agreed to the "cloud" and "blockchain storage" part of your second solution. EDIT: My only fear about paper wallets is the fact that they are not waterproof, fireproof, shockproof etc. For this we have people writing their keys or seeds on metal which protects them from almost anything. The best solution to protect your BTC is the one that's the farthest from anyone else but you. Legit. But, assuming that the password is long and random enough, i would not be that worried about crackers. After all , many investigative journalists , hackers, free-speech supporters, intelligence agents use TOR or PGP to communicate, so their lives (not just money) rely on encryption. And their messages are not likely to be deciphered even though they can be logged all the time. AFAIK it never happened that a PGP message or SSL session got cracked. No matter how long and random my password is, I wouldn't make it vulnerable by uploading it anywhere. It might be just me though - if you had a file containing your private key (or wallet.dat) encrypted with a very long and random password and containing $100k on it, would you have the courage to upload it anywhere? |
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Great idea. Apart from what the other members posted about your website, I'd also suggest trying to make it mobile friendly. From my smartphone it's kinda hard as I'm not even allowed to zoom out on it, which means I have to scroll all the time to see different parts of the website (left/right...). Keep up your great work and great job for trying to bring something new to BTC. Thanks. Currently the site does not support the mobile version. Once I figure out a better UI for small screens, I'll make it mobile friendly. If you could enable zooming on mobile somehow, it would be perfect until you find a better UI. The annoying part is when it comes to scrolling left/right because you can't zoom out to fit all the website data on the display horizontally. |
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If Bitcoin was not open-source, we would've only gotten updates from Satoshi himself who would've been the owner of BTC's code (and for open-source projects, you don't have an owner), because we wouldn't be able to update the code and add new stuff to it or fix problems.
We also had to trust Satoshi because open-source means anyone can read & modify it. If it was closed-source, we didn't have the possibility to review the code lines through which BTC was created.
A good comparison is using the BTC Core wallet and the Blockchain.com one. You have no control over the Blockchain.com wallet, you have to trust the company itself. The company can add any lines at any time to block you from using specific features, or to even take your money away. With BTC Core, you can see any update but it doesn't mean you can trust it. But because we have so many programmers coding on BTC, we would be notified in case there is a suspicion regarding the new lines that have been added to it.
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As there are codes only for sr and hero/legendary I suppose only these ranks are allowed, right?
Yeah I know, it was a brilliant question but I tried to read the post and i couldn't get what you need to apply, besides good quality posts, that i obviously don't have.
Really? Did you really read it? It's literally the first information in the post right before the rules: We accept users Sr. Member and above into this campaign with the following payrates:
- Sr. Member, Hero Member, Legendary and Staff = 0.00075BTC/post
Maybe if you read more (actually read the thread) and post less, you may acquire some knowledge necessary to make good quality posts. Honestly looks just like another random post thrown at a thread to gain activity. Account farming - that's how it's called, right? |
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Great idea. Apart from what the other members posted about your website, I'd also suggest trying to make it mobile friendly. From my smartphone it's kinda hard as I'm not even allowed to zoom out on it, which means I have to scroll all the time to see different parts of the website (left/right...). Keep up your great work and great job for trying to bring something new to BTC. |
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