Bitcoin Forum
June 21, 2024, 06:03:58 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 [170] 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 ... 475 »
3381  Bitcoin / Bitcoin Discussion / Re: I have concluded that all governments together can't stop bitcoin on: March 15, 2021, 06:26:54 AM
I get to be thinking what about all the government of the world unite and decide to stop bitcoin and cryptocurrency ?  Grin

I have wondered if this is possible to happen despite bitcoin being decentralized. Within me, I don't think that is no more possible because bitcoin is now unstoppable. Just like water is to the fish, bitcoin is the light of the earth.

What do you say yourself ?

All the governments in the world cannot shut down the Bitcoin blockchain completely,but they can crash the Bitcoin price to really low levels and the reduce the amount of Bitcoin users.Most of the "average Joe" Bitcoin users will run away from Bitcoin,as soon as they realize that using BTC is illegal.
Making BTC illegal will turn Bitcoin into a 100% darkweb currency,which is being used by a bunch of hackers and criminals.
Anyway,I think that the blockchain can survive a global ban.
3382  Bitcoin / Bitcoin Discussion / Re: Bitcoin/Crypto Carbon Tax? on: March 15, 2021, 06:11:18 AM
From Wikipedia:
Quote
A carbon tax is a tax levied on the carbon content of goods and services, predominantly in the transport and energy sectors.
Bitcoin does NOT have any carbon content, it does NOT burn any carbon-based fuels, it does NOT emit any kind of pollution at all. Bitcoin is a user of the electricity that is provided by the electric companies. If a miner is supposed to pay carbon tax then you too should also pay it for your fridge, TV,... basically any time you use electricity!

All the Bitcoin haters,who say that BTC mining is polluting the environment should read your post. Grin
BTC mining isn't polluting anything.It just consumes electricity that might be produced by burning coal.
What if BTC miners are consuming electricity produced by Nuclear power plants?Such electricity is considered clean and the nuclear power plants aren't paying carbon tax.
All the anti-Bitcoin mining propaganda is just pure BS.
3383  Bitcoin / Bitcoin Discussion / Re: Invested in alt in 2017 ..and now need help to dont do same mistake on: March 13, 2021, 11:52:36 AM
The way you write doesn't sound like a guy who has almost half a million dollars to invest. Unless you inherited them or hit the lottery.

I go 100% Bitcoin. Anything else is shitcoins. The best thing you can do is buy Bitcoin and hold. Don't touch it for at least 4 years. But it's your decision.

Yeah,it doesn't make any sense.This guy made 450K USD by trading altcoins and he wants advise from other people about how to trade and when to buy. Grin I would ask him for advise(if he is truly legit),rather than giving him my advise. Grin
I don't believe that he made 450K USD just buy HODLing a bunch of altcoins for three years.We need proof.
 
3384  Bitcoin / Bitcoin Discussion / Re: "What happens if bitcoin succeeds?" on: March 13, 2021, 06:57:03 AM
Quote
And unlike the richest people of today – the Jeff Bezoses and Elon Musks, whose wealth comes from creating companies that benefit most of us – the bitcoin aristocrats will get their rank just by buying early. They will make no contribution to society.

Yeah,right.The companies of Elon Musk ain't benefiting me in any way.I don't own a Tesla and don't get any benefit from a space company.I don't get any benefit from Amazon as well,because I don't shop there.
The rich people aren't obligated to contribute to the society.This is some bullshit socialist idea.
Bitcoin isn't required to be equally divided among as many people as possible.This is some egalitarian leftist bullshit. Angry
3385  Bitcoin / Bitcoin Discussion / Re: Elon Musk again on: March 13, 2021, 06:40:30 AM
Bitcoin is not a company,so he is making a reference about a company we don't know. Grin
Maybe he is talking about his companies-Tesla and SpaceX.
There's no need to pay attention to every tweet he makes.Most of his tweets are trolling and making fun of someone.This isn't serious. Grin
3386  Bitcoin / Bitcoin Discussion / Re: Why do people care who Satoshi is/was? on: March 12, 2021, 12:17:07 PM
Why do people care who Satoshi Nakamoto is/was? It's like wondering the name of the person that created the wheel. Sure, I suppose I would be curious about the name of the inventor of the wheel, if nothing else to raise a beer to them from time to time, but ultimately the wheel is the important part of the story.

Because Satoshi Nakamoto is a mystery and it's natural for the people to be curious.
I don't care who Satoshi is,but it would be nice if we knew at least something about the creator of Bitcoin.
The lack of information leaves room for many conspiracy theories,like the one that Bitcoin was created by a bunch of CIA programmers,who are hiding behind the name Satoshi Nakamoto,so BTC is basically a CIA financial experiment.Would you believe such conspiracy theory?
3387  Bitcoin / Bitcoin Discussion / Re: Which plan seems better? on: March 12, 2021, 12:01:34 PM
Plan 1: Buy BTC and ETH only. Spend $50 and buy 50% BTC and 50% ETH. No schedule and buy on dips.

Plan 2: Buy BTC, ETH, and LTC. Weekly, regardless of the current cost of each coin. Alternate between coins so 1 week buy 50/50 BTC and ETH. Next week buy 100% LTC. Next week buys 50/50 again.

HODL both obviously.

Also at what point is a hardware wallet required?

Why do you want to buy BTC and ETH,since their prices are moving in the same direction.
Real portfolio diversification means buying various assets,which prices aren't correlated to each other and are not moving in the same direction-up during a bull market and down,during a bear market.
I think that it doesn't matter if you buy BTC and ETH only or BTC,ETH and LTC.It's basically the same to me.
I'm a Bitcoin maximalist,so I would buy 100% Bitcoin and 0% altcoins. Grin
3388  Local / Other languages/locations / Re: Български (Bulgarian) on: March 12, 2021, 06:42:44 AM
Пичове, някой от вас занимава ли се с кардинг? (бих искал да го попитам нещо)

Кардинг означава 2 неща:
1.Купуване на стоки онлайн с открадната кредитна карта.
2.Източване на открадната кредитна карта.

Предполагам знаеш,че е незаконно...

Объркал си форума,честно казано. Grin

3389  Economy / Economics / Re: Trader buys $36 million of copper and gets painted rocks instead on: March 12, 2021, 06:35:55 AM
Quote
In an era where $36 million in copper commodities are hijacked and lost. Reliability of commodity trading/shipping appears on a steep decline.

It seems wrong to make generalized conclusions about the safety of the precious metals markets based on such theft.I still believe that the precious metal markets are safe and secure and such cases are an exception.
I really hope that the buyer will get a refund and the criminals will get caught.
 
3390  Bitcoin / Bitcoin Discussion / Re: Its coming i faster and would shock most people on: March 12, 2021, 06:15:43 AM
I luxury US hotel will begin to accept cryptocurrency payments.
What is so shocking about this?Your title is clickbait. Grin
Hotels were hit badly by the coronavirus pandemic and the lockdowns,so they are desperate for solutions that will bring them more customers(I really doubt that accepting crypto payments will bring more customers).
Anyways,every business that accepts crypto payments is good news for us.The the institutional investors will be in the crypto army and they will be followed by many B2B and B2C companies.
3391  Bitcoin / Bitcoin Discussion / Re: With a clogged network, users will start abandoning BTC for alts. Change my mind on: March 12, 2021, 06:00:12 AM
I significantly reduced the number of my outgoing BTC transactions,so I don't care about transaction fees that much.I'm just gonna HODL and try to earn as much BTC as possible.The network won't be stuck forever and the tx fees will go down for sure.
If altcoins are serving your purpose and the tx fees are lower,then go ahead and use them.I'm not gonna be using any altcoins anytime soon.If more people leave BTC and join the TOP 10 altcoins,then the transaction fees of the Top 10 altcoins will increase as well.
3392  Alternate cryptocurrencies / Altcoin Discussion / Re: Will NFT bring any change in crypto gambling industry? on: March 11, 2021, 12:05:11 PM
I don't think that NTF will ever going to be implemented in the online crypto gambling industry.
The Non Fungible Tokens will stay in the gaming industry.The gambling industry is different than the gaming industry.The gambling games are based on luck,not on skills,so buying and selling game items/tokens would be pointless.The main goal of every casino is to squeeze more money from the gamblers every day,not to issue a token and sell it to the gamblers for a one-time fee,so they could trade that token with each other. Grin
 
3393  Other / Beginners & Help / Re: Reminder for crypto newbies, traders. Be cautious with new exchanges on: March 11, 2021, 11:42:13 AM
I wonder why a newbie would choose a new crypto exchange,rather than some established platform.
Is it because of the lack of KYC and ID verification,or it's because of the lower trading fees and other perks?
Don't they realize that they are putting their coins at risk,when depositing into unregulated exchanges,that have no positive feedback around the internet.
I've used only one small and relatively new exchange(it was new back in 2018) just to sell some tokens that I got back in 2018.I didn't have problems,but the amount of was small(200USD),so I wasn't risking that much.
I'm never going to use a brand new and unregulated crypto exchange platform again.
3394  Economy / Economics / Re: Bitcoin could win the currency war on: March 11, 2021, 06:41:53 AM
The USA and China might be competing,but they are also actively trading with each other.
It's true that Bitcoin benefited from the insane money printing around the world,but the money printing wasn't caused by the US/China conflict.I don't believe that Bitcoin is going to be the main winner of this conflict.
Probably the Federal Reserve System and the People's Bank of China will finally create CBDC and force their citizens to use them,while trying everything they can to throw Bitcoin under the bus.
3395  Bitcoin / Bitcoin Discussion / Re: Does BITCOIN make a person's life better !? on: March 11, 2021, 06:25:05 AM
If you look thoroughly, then BITCOIN is just money, but like money, can it improve the world around, and humanity as a whole !?
I don’t think “good” and “BITCOIN” are the same thing, most likely the opposite.
Because of money, a person becomes weaker, he does not need to do something, to develop, because money will do it for him.

I don't quite understand your last sentence.How can money make a man weaker,because they do the work for him?This sounds like nonsense.Money can make your life easier,if you have lots of them.This doesn't make you weak.
It is wrong to attach morals to money,since money is the "root of all evil". Grin
Humanity cannot be improved by money,what the hell are you talking about?Money are just a store of wealth and a medium of exchange.

3396  Bitcoin / Bitcoin Discussion / Re: China Declares War on Bitcoin (?) on: March 11, 2021, 06:09:25 AM
I don't know if this news is fake or not,but a crypto mining ban in China was pretty much expected.
We don't know what's inside the mind of Chinese communist leaders.Crypto mining isn't the biggest polluter in China,but it is definitely an easy target for a ban,because the social cost(lost jobs and unemployment) will be pretty low.
The big question is why they are going it now(if this news is really true)?Crypto mining was as polluting in 2015,2016,2017 or 2019 as in 2021.
Saying that they are banning mining because of environmental policies is a bullshit excuse.
3397  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a gift cards on: March 10, 2021, 12:35:22 PM
I wonder how they will handle the volatility of BTC?  Maybe the build in a safety factor?

Volatility isn't the biggest problem here.The biggest problem is that the buyers might get scammed by this service.Such Bitcoin gift card services already exist.Check out Cryptovoucher.io-they aren't that popular and I see mixed reviews about their service.
Having Bitcoin gift cards simply adds another layer of risk of being scammed and a merchant,that requires fees for a service,that is almost completely useless.
3398  Bitcoin / Project Development / Re: Cloud Mining Revamped on: March 10, 2021, 12:13:00 PM
Cloud mining is a scam.Period.There's no way to make cloud mining a legit business model.
So this "cloud mining" company takes all the money of the customers and rents servers for mining purposes,while giving the customers a percentage of coins that were mined.
Sounds like a good business model,but it isn't.Most server companies don't allow crypto mining and crypto mining isn't profitable on ordinary servers.You need mining equipment and cheap electricity.You can't rent mining equipment online.
What you are describing is a Pay-Per-Click faucet,which is another waste of time and the advertisers won't be paying that high(0,2USD per click) for incentivized clicks,made by users,that aren't interested in their products and won't convert into customers.


3399  Economy / Economics / Re: random economic ideas on: March 10, 2021, 07:16:11 AM
I don't quite get it,but I think that the main flaw in this method is the focus on fame.
A bad actor can be really famous and therefore have a high token price,while another actor can be really good,but not that famous,so his token price will be lower.It's all about being in the "mainstream" and attracting the attention of the public,which isn't always a good thing.Independent movies will suffer to get the attention of the crowd,while Hollywood blockbusters will get bigger budgets.
I kinda like ICOs being used as a method for movie crowdfunding,but creating a token for every celebrity seems wrong.
3400  Economy / Web Wallets / Re: Blockchain.com responsible for loss of clients funds on: March 10, 2021, 06:58:18 AM
I've had a mixed experience with blockchain.com in the past,so I wouldn't put big amounts on BTC in a blockchain.com wallet anymore.I wasn't scammed and I didn't lost any coins,but the account dashboard was confusing to me and some parts of the website were not functional(the problem wasn't in my browser).
You can get and keep your private keys,but I'm not sure whether or not they have access to my private keys,which makes the whole process of keeping your private keys pointless.
Pages: « 1 ... 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 [170] 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 ... 475 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!