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3381  Bitcoin / Bitcoin Discussion / Re: Can China takeover Bitcoin network? on: February 13, 2021, 08:36:35 PM
China controls over 50% of the btc hashrate meaning they can do a 51% attack on the bitcoin network or control which btc transactions are valid according to their liking correct?
I believe a bulk of the mining hashrate is as a result of mining pools; miners from all over the world concentrate their computing power to a single server to increase the chances of them getting the next block collectively. This does not mean the hashrate is controlled by China, miners can easily switch to pools from other nations.

Finally if the Chinese government/central bank dont have bitcoins in their treasuries and release their digital chinese currency CBDC then from there what guarantees can be made to long term btc investors that the chinese regime wont raid btc mining pools in China or torturing/threatening mining pool owners into handing over the hashrate control to them or force mining pool owners to get together together into 1 big mining pool company owned by the chinese authorities?
As I said, the pools are not controlled so miners can as easily switch and reduce the hashrate to those pools. China has been restrictive to bitcoin adoption for a couple of years now, it's unlikely they will get to manipulate the network as consensus rule can be used to render certain chains invalid.
3382  Economy / Reputation / Re: ChipMixer directly enables Scammers, Drug Dealers, CP, Terrorists, Tax Evaders.. on: February 13, 2021, 07:40:23 PM
I advocate for a free internet, where users can communicate through encrypted services without the fear of a third party listening in on their conversation, even though it means "egregious criminals" can take advantage of the freedom to perpetrate their activities. You do not cherry pick who takes advantage of public services, they are available to everyone.

It is their core customer base and business model...
The business model is privacy, allowing individuals transact discreetly without being monitored and traced
3383  Other / Meta / Re: Changing email for Bitcointalk account? on: February 13, 2021, 02:27:30 PM
Forum and BPIP website will detect this change and some members may think that there has been some account ownership change or account selling, so my question is what would be the best way to make this change?
The forum would give warnings like:
user recently changed their email
user recently woke up

The purpose of these warnings are to serve as a heads up, and not a prove that the account has changed hands. Any suspicion would need to be fueled by more actions

Maybe making this post in advance like I am doing now would be enough to prove that I am still the same owner, and password change is more common as I noticed that many old members including theymos changed their passwords several times.

PS
I can also prove ownership for staked Bitcoin address.
This post is ideally enough to quell any suspicion that would arise from a change. You can also sign an address and include a change in email as the message.
3384  Other / Meta / Re: Do you click on signatures? on: February 13, 2021, 11:03:12 AM
I sometimes click on signatures, although not as much as I used to (as I'm already familiar with some of the popular websites advertised). I only go further if their product or service proves attractive enough. I've experimented with some casinos but only a few have been able to keep me hooked for a long time.

In other words, this forum converts the greed of some (if not all) campaign participants to common good.
I would say it usually happens the other way, where good users are given the opportunity to earn from their habits. Any user who is attracted purely by the desire to earn will find it difficult to rank up
3385  Bitcoin / Bitcoin Discussion / Re: Bitcoin before and now on: February 13, 2021, 06:33:58 AM
Adoption has been growing at different levels over time, each new step different from the last. Bitcoin now is gaining more traction as a store of value and medium of exchange;
Institutional investors and public companies are competing to get in, with Bitcoin ETFs being approved in various regions, the last halving is also still very recent. These factors indicate that the price is not bubbling up, but is rather correcting upwards.
In my opinion, buying Bitcoin under $25k - $30k would look like a steal in the next couple of months, and we will probably not witness sharp price corrections as we are used to when the market rallies.
In the next couple of years, Bitcoin would get to a different level of adoption, probably from nations (that embrace it) as a possible reserve currency

Do not take this as investment advice
3386  Bitcoin / Bitcoin Technical Support / Re: My transaction is locked since 3 day ! HELP ME ( ELECTRUM IS FUCKING TRASH ) on: February 12, 2021, 09:37:46 PM
How many time do you think my transaction have been confirmed.
It hasn't gotten any confirmation at all. 1 confirmation is typically safe enough for average transactions, but for much larger amounts it is advisable to wait for 3 or 6 confirmations.
3387  Bitcoin / Bitcoin Technical Support / Re: My transaction is locked since 3 day ! HELP ME ( ELECTRUM IS FUCKING TRASH ) on: February 12, 2021, 09:31:49 PM
I have put A BIG AMOUNT OF FEE
The concept of transaction fees depends on a number of factors such as tx weight and the state of the network. A large transaction would need a high fee and during times when the network is clogged, you'll also need a high fee to get your tx confirmed quickly.

Why TAKE A FUCKING A LOT OF TIME!
It has just been a couple of hours since you bumped the feerate, allow the transaction some time and it will get confirmed.
3388  Bitcoin / Bitcoin Discussion / Re: What initiative can make Bangladesh govt to legalize BTC on: February 12, 2021, 06:58:40 PM
Now, what initiative can bitcoin enthusiasts take to get attention of govt towards bitcoin.
If the government would go through the hassle of drawing up strict regulations for Bitcoin, then it already has their attention. They understand what it is and choose to restrict its usage as the freedom it offers does not support their style of government. This is similar to the situation in Nigeria, the government recently put a ban on cryptocurrency trading even though it was becoming one of the largest markets for it.

Bitcoin enthusiasts should rather channel their efforts inot building peer to peer systems which can circumvent regulations.
3389  Bitcoin / Bitcoin Discussion / Re: Can you say you made money if you never actally sell your coins? on: February 12, 2021, 02:58:30 PM
If Bitcoin does achieve global adoption and merchants start accepting it as a regular means of payment, then you will not have to sell inorder to 'take profit', you simply use it to purchase what you wish.
   
Quote
Can you say you made money if you never actally sell your coins?
If you're talking in purely speculative terms and the relative value of Bitcoin to Fiat, then I'll say NO, same way you cannot lose until you sell. Bitcoin is highly volatile, if I'm up 3× from when I purchased $100 worth of BTC, I cannot say I own $300 as the price can dip at anytime. However, I can always say I own xx amount of Bitcoin.
3390  Other / Meta / Re: Merit & new rank requirements on: February 11, 2021, 05:39:38 AM
Love it how admin says "Do not beg for merit excessively.". So it's ok to beg for it from time to time? hahaha
Not really, as you'll be violating the forum rule of no begging whatsoever;
7. No begging.
3391  Other / Meta / Re: Good enough of a system? theorycrafting on: February 11, 2021, 05:28:38 AM
So if someone posts something really useless or copy/pasta reply, he can get downvoted enough not to lose merit but to think about what's he posting next time. Like a small slap on the wrist.
If someone posts something 'useless' report the posts and admins would delete them.
If someone copy and pastes, report the posts and the user would be banned for plagiarism.

Quote
4. That would essentially eliminate merit trading because they'd have to upvote every post of the person they want to send merit to and when someone's constantly upvoting someone even if the posts are useless, it might raise some red flags.
If someone consistently merits posts that are not quality then it would also raise eyebrows, if anything, this suggestion would aid merit trades as users have unlimited votes to give, unlike finite smerits.

Using this suggestion; inaccurate and spam posts would be presumably marked as such similar to other discussion forums like bitcoinstackexchange. I say presumably as there's no guarantee that the members voting on the replies are knowledgeable on that particular topic. This system would be very complicated to understand and implement.
The merit system is fine the way it is.
3392  Bitcoin / Bitcoin Technical Support / Re: Unconfirmed transaction & wrong adress appearing ***REWARD 200 USD*** on: February 09, 2021, 08:18:58 PM
In options i can see that my transaction Status: 0/unconfirmed, not in memory pool
This could indicate that the transaction has become invalid and is not available in the mempool. It could also be as a result of a sync issue.

Should I abandon transaction?

Should I wait?
You could try rebroadcasting the transaction to notify nodes of it.
Recommended transaction fees change all the time, but that fee is not low and should eventually get a txs confirmed at the current network state.
3393  Bitcoin / Bitcoin Discussion / Re: MicroStrategy’s Michael Saylor releases “Bitcoin for Everybody” free course on: February 09, 2021, 06:31:21 PM
Haven't taken the full course yet, but at a quick glance, I would rather they started off with the technology of Bitcoin and the history behind it, rather than a unit on the economics and investing. It's a form of publicity regardless, and as more public companies get into the Bitcoin space they would begin to seek more ways of affiliating their business with it and maximize their returns.

Of course, he is absolutely interested in this because MicroStrategy has invested a lot in Bitcoin.
You could flip that to say; microstrategy is heavily invested in Bitcoin because of his interest.
3394  Bitcoin / Bitcoin Technical Support / Re: HELP - INVALID TRANSACTION? on: February 09, 2021, 06:07:46 PM
Today i check blockchain and it says that the transaction is invalid:
The warning shows that an input from the transaction has been used in a separate transaction. Did you attempt using inputs of the unconfirmed transaction in another different transaction?
If inputs from the transaction has been used, RBF would not help, except you change the inputs and exclude the ones which have been spent.

Try checking your address on the explorer to confirm if the funds are still on your wallet
3395  Bitcoin / Development & Technical Discussion / Re: Is there a way to only make BTC spendable to white listed addresses? on: February 09, 2021, 05:22:47 PM
If a company like Apple was to one day allow BTC to be held natively they wouldn't want transactions to be able to be sent anywhere.  One Webkit exploit combined with userland root access and hundred of millions users wallets are empties instantaneously.
Why would anyone want to store their funds on a company's server which would hold the private keys of their address

But if the BTC are somehow held in a way that they can only be send to white listed addresses their is recourse for users.
Afaik, this is not possible. The network can not reject an address if it is valid and meets all the necessary requirements. However, it is possible such an API could be built on a software system.
3396  Bitcoin / Bitcoin Discussion / Re: I messed up and feel terrible about it on: February 09, 2021, 11:22:29 AM
Shorting Bitcoin is a huge risk, especially when we're in the middle of a bull run, there are not enough technical or fundamental analysis which can correctly predict the next price action, so every sale or purchase is basically a gamble at that amount.

I would. I think that I might be panicking way too much for nothing, I mean it can't continue rising forever, but the thought of regret is eating me.
It helps to have an investment plan so as to avoid regrets of hodling for too long or selling too quickly:
• Invest only what you can afford to lose,
• Buy at intervals so as to spread your entry level
• Have an idea of your projected profit margin,
• Sell at intervals, when you've achieved projected profit amounts. This way you can pull out your investment capital while you still hold some bitcoins.
• Do not worry too much about price changes.
3397  Bitcoin / Bitcoin Discussion / Re: 0.56% of BTC market cap are now held by public listed companies on: February 09, 2021, 11:08:55 AM
What does this spell for the market if more or less than 1% of the total market cap is being held by publicly listed companies? If their total is this small then this means that there isn't any 51% attack that we should worry about then?
51% attack is not dependent on how much Bitcoin an individual or group owns, but rather how much hashrate they own.
One can only try to move the market if they hold a large amount of BTC by putting sell orders at a certain amounts on multiple exchanges, but to influence the network, a pretty high amount of mining gear would have to be utilized, and it would be largely unprofitable as such a suspicious activity would be discovered quickly enough.
3398  Other / New forum software / Re: Suggestion for existing posts or dynamic results for searched text on: February 08, 2021, 09:01:25 PM
A similar topic does not always mean similar content.
By having this feature, double topics can be avoided
This could be a good idea, especially about updates in the Bitcoin space which would have likely been posted in other boards. I however don't think forum plug-in is an area the admins want to explore.

of course the disadvantage is that the users running signature campaigns will have less activity as they'll not answer same thing to the next newbie comes.
Reduction in spam is not a disadvantage. The disadvantage here would be that spammers can still go ahead to post a thread even if they are informed one on the exact topic exists.
3399  Economy / Exchanges / Re: Binance under DDOS? on: February 08, 2021, 03:23:28 PM
Update:
Withdrawals from binance were suspended for a few minutes, but has now resumed according to their latest tweet.
All withdrawals from https://t.co/QILSkzx7ac have been temporarily suspended, it is estimated that this will last for 30 minutes.

Rest assured all funds are safe and we apologize for any inconvenience caused.

We will update you shortly when they have been re-opened.

This could mean they have fixed all the issues, as the site is now going fine for most, including me.
It is also yet another reason not to store your funds on a centralized wallet as you can be locked out of them at anytime.
3400  Other / Beginners & Help / Re: Have I lost my Bitcoin??? on: February 08, 2021, 03:02:20 PM
Have you changed the set of emails you use within the past 5 or so years? If not, you could search your email addresses for key words like "coinify" to find out the one which you used to create your account. From there, follow the information in this article - https://help.coinify.com/hc/en-us/articles/360013631880-How-to-reset-change-your-password-for-your-Coinify-account

It's more complicated if you've lost access to the email. Follow the instructions in the post above, ensuring that your inquiry is as detailed as possible. You should also be ready with information about the account as such could be requested to prove ownership.
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