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July 05, 2024, 02:21:00 AM *
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361  Economy / Service Discussion / Re: UTXOs and Bitcointalks's Signature Campaigns on: April 26, 2024, 03:48:23 PM
~snip~
Change the intensity of payment from weekly to longer one like bi weekly or month.


I would immediately choose the monthly option if it existed in any campaign run by a respectable manager - although I don't think it makes sense at the moment, given that the payouts for my current campaign come directly to my casino account. However, I understand those who prefer weekly payments because they probably depend a lot on that money.



Use Doge!
And now that I committed the greatest blasphemy ever to have been uttered on this forum , bun me!  Cheesy
~snip~


You will probably be punished by negative karma in a parallel crypto universe where Mr. Mars advocates the use of fossil fuels, and Jamie Dimon and Mr. Buffett are the biggest advocates of Bitcoin Wink
362  Bitcoin / Hardware wallets / Re: How secured are Trezor Safe 3 ? on: April 26, 2024, 11:20:14 AM
Eventually, I got my Trezor hardware wallet. Upon setting it up, I discovered it doesn't have a battery, means it has to be connected to the apps or website in order to create seeds. Though I shut off my Internet connection, it doesn't feel good to me.

The seed is generated inside the device anyway, so it doesn't matter if the device will be online at the time of generation, or if you will connect it to the internet at some point later. What I want to say is that in case the manufacturer has malicious intentions, the seed can be extracted from the device at any time.

As I can remember Ledger create seed itself even not connected to the apps. So I have a concern about Trezor security. Are we sure the apps won't pass the seed to Trezor when it is connected to the Internet? Or apps couldn't read data from the Trezor? First time with Trezor, so I need to understand how it does work actually. If Ledger were open-source, then I would like to use Ledger. I like Trezor just for being open-source. 

The Nano X has a battery, but the S model didn't, and I'm not sure if the S+ (or whatever it's called) has one. Considering what we know about Ledger and that practically they have the option that your seed can be shared with third parties and even be handed over to the authorities if they request it, I don't think you should go in that direction. If you want more security, maybe you should consider an airgapped wallet such as Passport, where you communicate with the interface exclusively via QR codes or an SD card.
363  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 26, 2024, 10:48:17 AM
Another day of zero inflow to Blackrock and GBTC dumping heavily, this time together with several other ETFs..


I wonder how many of those who invested in BTC through ETFs did so because they were convinced that an instant bull run would follow after the halving? Judging by everything, it seems that the halving was a cold shower for them. Maybe funds should make a survey among investors and ask them what actually happens with the halving - what percentage would answer that the total supply of BTC was reduced by half Roll Eyes
364  Economy / Service Announcements / Re: [No KYC] Prepaid Cards and Virtual Phone Numbers are available on Stealths on: April 26, 2024, 10:34:18 AM
In that case, it's a slight downgrade security-wise. The standard security model requires the owner of the card to confirm each transaction using a code they receive on their registered phone number. It's 2FA. If you get rid of that, there is no longer a second authentication, and anyone with my card details (which I must protect anyways) would be able to make transactions. Am I correct? Can I at least block the card and freeze its spending capabilities anytime I don't want to use it?

The thing is not ideal when it comes to security, but considering that you can buy an unlimited number of cards, then you can choose the amounts on them in relation to whether you want to use them for online purchases where you have to enter the card data, or you will use the card exclusively to add to Google/Apple wallet on your mobile phone and pay through POS devices that way.

I think that the possibilities of abuse are very small and that it all depends on how you store the card information. It is important that the e-mail you will use to receive the card information after payment is secure, because it seems to me that this is one of the ways that someone could get hold of the card information, unless of course you enter it yourself on a phishing site.
365  Bitcoin / Bitcoin Discussion / Re: If someone you introduced to BTC says the risks of her funds is on you on: April 26, 2024, 10:18:01 AM
~snip~
Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.


Once upon a time, I was in a situation where someone I helped to invest in BTC did something stupid and allowed someone to hack him - and of course that same person blamed me for his loss of money, and then I decided to return that money to that person. Since then, I have been careful about what I say (and who I say it to), and when it comes to any investments (especially risky ones), it never occurs to me to advise anyone to invest in anything similar.

I would advise you to learn a lesson from what happened to you and never do it again. If anyone ever asks you about Bitcoin, say that you are no longer involved in it, that someone hacked you or that you lost it - otherwise you will only have a lot of problems in life, not only with neighbors, but also with thieves.
366  Bitcoin / Bitcoin Discussion / Re: Satoshi Nakamoto's last message on: April 25, 2024, 04:47:19 PM
Satoshi's last message before his disappearance was that he has 'moved on to other things'. Now my question is this, if actually Satoshi Nakamoto saw a good vision of what Bitcoin will turn out to be in the future, why then did he decided to move on to other things instead of focusing more on the Bitcoin project to make sure that he also took part in achieving the adoption of this digital currency? So unfortunate Satoshi should have been the one to answer this question.

There are at least two reasons why Satoshi decided to withdraw into the shadows. The first is that some of his closest collaborators began to question his role when it comes to BTC, wondering if he might be making too many decisions independently, and from what we can read today, in those first days, Satoshi was not as well-liked by some as is the case today.

Another reason is that Satoshi may have realized that Bitcoin will never succeed if it has a centralized figure, so it is logical that he decided to leave everything to others. Anyway, why would it be a tragedy that Satoshi can't answer your questions when the answers already exist, you just have to look for them.

Something interesting to read if you are interested -> what-happened-when-bitcoin-creator-satoshi-nakamoto-disappeared
367  Other / Meta / Re: Handling Replies and Mentions in Forum Threads on: April 25, 2024, 11:13:27 AM
You could technically reply to them without actually replying by meriting their post (of course, if it's meritable).
~snip~


It's a strategy that I sometimes use, but if you don't have enough sMerits (and many don't) then you can't practice it often. However, as in everything, it is necessary to find a balance between what you have and what you can do with it. Also, multiquote and editing of posts to which we reply and what I personally do (changing the font size) to make the visual impression more pleasant is also something that makes sense to me.

In addition, if there are really a lot of posts that someone thinks should be answered, and at the same time these posts are more or less similar in content, we can thank everyone who contributed, which certainly seems polite and indicates that we have read all the posts.
368  Economy / Economics / Re: What scares me from investing in gold. on: April 25, 2024, 10:48:23 AM
I was in Costco the other day and was tempted to buy gold bars they were selling to diversify my portfolio.
I have never bought gold as an investment before and it would be super easy and convenient to get it from my local Costco.
For those who don't know Costco is a very popular supermarket in the US that sells everything from grocery to consumer electronics.


This is the first time I've heard of gold being sold in a supermarket, so I'm wondering if that supermarket might have security guards patrolling the store with automatic weapons? I assume that buying gold is not something that takes place according to the principle of buying an ordinary product from the shelf, but what kind of risk is taken by the person who buys gold and needs to transport it from the store to the place where it will be stored?

~snip~
I read a couple articles on the internet about how to sell gold and it seems a rather complicated and expensive process to do.
Where do you even go to sell your gold besides a pawn shop (who will give you only half of what its worth if you're lucky)?
Do you have to ship it to the buyer? Is escrow involved?


In some EU countries there are specialized shops where you can buy or sell gold, and there is also a service where you can buy gold online and then have it delivered to your address in an armored vehicle. When you look at how complicated and risky the whole process is compared to buying/selling Bitcoin, and how much less profitable gold is than Bitcoin, the conclusion is self-evident, right?
369  Bitcoin / Bitcoin Discussion / Re: Samourai Wallet seized by the feds on: April 25, 2024, 10:23:10 AM
This is just a logical continuation of what has been happening for some time, and it is no secret that mixing is a big thorn in Big Brother's side. Therefore, I don't understand why anyone who provides such services still hasn't realized that it shouldn't be done right in front of them, regardless of what someone says that it doesn't really matter where you are if "they" want to find you.

Given that I see that the Russians are mentioned in the context of this story, will the feds do something about the USDT issue, given that there are allegedly serious indications that the Russians are avoiding sanctions in this way?
370  Bitcoin / Bitcoin Discussion / Re: Buy Bitcoin paper sign bought for $1M on: April 25, 2024, 10:07:40 AM
https://bitcointalk.org/index.php?topic=5493020.0

The topic already exists, I suggest you close this topic and publish your post in the first topic. As for the avatar, I had the same one for a while.
371  Economy / Gambling discussion / Re: Sports winnings taxes on: April 24, 2024, 02:02:02 PM
How would you know that it's not a great fortune in the local currency that OP uses? You living in the same country as OP? I wouldn't say that because the fortune of someone is relative to which country you're living from, say for example you're a millionaire in a poor country but it doesn't mean anything in a rich country...
~snip~

I just wrote that it doesn't have to be a great fortune considering that it is a figure that represents 1 million something - but of course wealth is a very relative thing in relation to how one thinks about it and where one lives.

Let's say for example that the OP is from Nigeria and won 1+ million in local currency which is a little over $800, and even in that country that can't be considered wealth - or maybe it can? For more comparisons, we can take Argentina as an example, where 1 million pesos is worth about $1100, or 1 million Turkish lira, which is worth about $30 000.
372  Economy / Gambling discussion / Re: Sports winnings taxes on: April 24, 2024, 10:57:25 AM
First of all....Impressive amount. Congrats Smiley
~snip~


If it is an amount that is in $ or EUR, then that is impressive, and if it is a local currency in which millions do not mean a great fortune, then the OP is not one of those who can not say that he got rich on sports betting Smiley



This fella isn't back to answer the questions that people need to give the best answers, like Where are you from OP? This is very important to know because you can be from a country that doesn't care about paying taxes on gambling, there aren't many countries that ask gamblers to pay taxes.
~snip~


He was online a few days ago, but maybe he was just too busy spending his winnings Wink

Joking aside, such things are best clarified by visiting the local tax office. Everything else is just speculation, considering that we don't know where the OP is located, possibly even in a country where cryptocurrencies are partially or completely banned. There are always ways to sell crypto without paying taxes, whether it's p2p or virtual cards, or maybe even paying for goods or services directly with cryptocurrencies.
373  Other / Beginners & Help / Re: How to properly report a post to the moderators? on: April 24, 2024, 10:21:53 AM
~snip~
A small question, how did some people came to be known as scambusters and spambusters? I can only relate to scams since many user create threads, which gives them recognition as scambusters. But for spam, isn't our reports only visible to us? How did the community knew that I had 1k good reports or 10k good reports? Huh Just a curious question. Tongue


Some members of the forum published such information publicly, and some names appeared in Top reporters. Also, if you look at the links from my previous post, those who make reports in them are usually recognized by other forum members and awarded in the Bitcointalk Community Awards
374  Other / Meta / Re: Post per day/ per month falling. on: April 24, 2024, 10:04:32 AM
~snip~
Though they probably may be having many more registered accounts sooner or later than BTT as the traffic there grows since it's much easier to rank up there and also getting reputation because the forum is still growing, which is an advantage for getting picked in a campaign. Also as the traffic grows the pay will likely increase aside from the fact that mixers campaign pays more than any other campaigns while altcoinstalks is not just limited to mixers campaign, others  will definitely come and try.


Registered accounts don't make much sense if we take into account the number of quality members on both forums. Regardless of members who "teleported" to another forum and members who have been there before, I think that BTT is still far ahead when it comes to the number of quality members, and therefore the content they create.

The pay rates on the other forum are still almost half as much as here, and at the moment I don't see that there will be any big increase - because top mixers used to pay $200 + per week for 30-35 posts on BTT, and now they pay about $50 for the same number of posts on another forum. If they could raise it to at least $100+ per week, I'm sure they would attract more quality members from this forum.
375  Bitcoin / Bitcoin Discussion / Re: Hal Finney wins award for his contribution to Bitcoin development! on: April 24, 2024, 09:44:27 AM
~snip~
How about one of the forum's own o_e_l_e_o? His contribution to the Bitcoin network is immense over those years.


I hope I'm wrong, but apart from some developers who used to be active on the forum or are still active, I think that those who decide on the winners won't really take forum members into account. @o_e_l_e_o was one of the best members of this forum, and the members have recognized him several times by choosing him as member of the year in the annual competition.



Wow I never knew Gavin once supported CW, which I would say was more disappointing than the first.
~snip~


I believe Craig Steven Wright is the person who invented Bitcoin.
I was flown to London to meet Dr. Wright a couple of weeks ago, after an initial email conversation convinced me that there was a very good chance he was the same person I’d communicated with in 2010 and early 2011. After spending time with him I am convinced beyond a reasonable doubt: Craig Wright is Satoshi.

This is something that everyone should know because it shows how bad someone as a person is in evaluating other people, not to say naive enough to believe in fairy tales.



~snip~
The people on my list for the next three awards for their contributions in the period 2012-2024 should include -
Andreas Antonopoulos. I think an educator should be added to your list as well.
Jameson Lopp - he created the  statoshi.info and has been a strong advocate for Bitcoin privacy.
Wladimir J. van der Laan who is the current maintainer of Bitcoin Core


These are good candidates who definitely have a chance of being selected. The selection will still depend on the criteria of the commission that will decide on it, and their names are in the article. What is certain is that it will not be easy for them to choose, because there are a lot of good people who have made a great contribution to Bitcoin over the years.
376  Bitcoin / Bitcoin Discussion / Re: Hal Finney wins award for his contribution to Bitcoin development! on: April 23, 2024, 04:10:43 PM
Laszlo certainly has its place in BTC history, but that event took place in 2010, and Hal was awarded for that period. Gavin is also one of the candidates, but it's no secret that I personally wouldn't give him the award for several reasons - one is precisely that he went where he shouldn't have, and he himself admitted that he might have scared Satoshi that way. The second thing that disqualifies him in my opinion is that at one point he gave support to CW Faketoshi claiming that he is the real Satoshi.

Also, the @theymos explorer is from 2010, and the next three awards will be given to people for their contributions in the period 2012-2024. I think that the winners in that period should be looked for in those who had a key role in the development of SegWit and Lightning Network, and maybe those who stood up to CW Faketoshi, like @Hodlonaut.
377  Bitcoin / Bitcoin Discussion / Hal Finney wins award for his contribution to Bitcoin development! on: April 23, 2024, 03:07:39 PM

Most of us know who Hal Finney was, and I think we can all agree that for his work when it comes to Bitcoin, he deserves a special place next to Satoshi Nakamoto. Although Hal has not been with us for 10 years, it is nice to see that people still remember him and that the Human Rights Foundation decided to establish an award that will bear his name, and that the first winner will be Hal posthumously.

HRF allocated a total of 33 BTC, of which 1 BTC will go to Hal, and given that the prize will be awarded every four years, there will also be prizes for the periods 2012-2016, 2016-2020 and 2020-2024.

It will be interesting who will receive the awards for the remaining three periods, and of course it will also be interesting what the members of the forum think about it.

More info at the link -> Bitcoin Pioneer Hal Finney Posthumously Wins New Award Named for Him
378  Other / Beginners & Help / Re: How to properly report a post to the moderators? on: April 23, 2024, 11:05:42 AM
~snip~
So my question is to those who have 90–100% success in reporting accuracy, how do you guys report a post? To be more specific, what rules/guides do you guys follow when reporting, and what do you write in the comment section? Is there any format for reporting?


First of all, you must know what you can/need to report, and for that it is best to be familiar with the unofficial rules of the forum. As for the reports themselves, I think they should contain the reason for reporting the post, and in some cases a link that can help the moderators make the right decision.

For example, if we report plagiarism or AI content, we should not expect the moderators to check such content themselves, but we should make their job easier and direct them to a link that shows concrete evidence. There are two topics where such evidence can be posted, and then a report can be made with a link to a post containing relevant information.

See links 1 & 2
379  Bitcoin / Bitcoin Discussion / Re: Bitcoin For Purchasing Goods and Services Mainstream>? on: April 23, 2024, 10:46:12 AM
~snip~
It is no long a good mean of payment even for the rich.


I think that the rich have no problem with any fees, and if someone has a transaction value of $100 000, then it is certainly not a problem for him to pay $10 or even more for such a transaction. For everyone else who, especially nowadays, is trying to save on everything, every saving is valuable - and to me it's honestly a bit tragic that instead of Bitcoin, which should primarily be a cryptocurrency, we have to look for alternatives in some altcoins if we want to pay something that way. All this, of course, because someone is literally abusing Bitcoin for their monkey business.

I hope that we will not get into a situation where one day Bitcoin will really become a toy only for the rich...
380  Bitcoin / Bitcoin Discussion / Re: Bitcoin For Purchasing Goods and Services Mainstream>? on: April 23, 2024, 10:24:54 AM
As right now BTC is more of a store of value. The value of it is not high enough to be able to use mainstream for the global market as the money system. For all markets to be based on.

I'm trying to understand what you actually meant by what you wrote, and maybe you think that there is not enough BTC to be used as a global currency or that its price is "too low" to be accepted globally. In any case, none of them make sense - because even though there are currently around 19.6 million BTC in circulation and the max supply is only slightly less than 21 million, you forget that Bitcoin has the smallest unit, which we call a satoshi, and it looks like this -> 0.00000001

Do you think that if ever there becomes more adoption, BTC would be and able to be used for mainstream like a global money? Does the tech work enough that it could handle the global market?
why or why not?


It is obvious that as a means of payment, Bitcoin has a big problem when we talk about on-chain transactions that are not instant, and as we can see, they can be very expensive. I honestly don't see that this can be "fixed" in any way in the near future, but even if it could, the fact remains that most people who own Bitcoin do not want to use it as money. Besides, the decentralization that Bitcoin is completely based on is not something that any significant government would accept, because we all know that most of them think that what they can't control is not good.

Bitcoin has always been an alternative, and it will most likely remain so.
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