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3781  Other / Beginners & Help / Re: I am Beginner!! Any Book for Bitcoin Guide? on: November 05, 2020, 03:02:21 PM
There are a number of books related to Bitcoin and which can be useful for beginners, Look up;
• Mastering Bitcoin, and
• Bitcoin for dummies
They should both be available on Amazon.

There's a thread by yazher which contains links to Bitcoin related books - Blockchain Books, Bitcoin Movies And Documentaries (Updated), it was last updated in 2019, but the content is still relevant.
3782  Other / Beginners & Help / Re: Why aren't more businesses and investment funds buying Bitcoin? on: November 05, 2020, 05:13:05 AM
It seems to make a lot of sense to me that they would do so, however the fact remains that not many have.
As an individual, you can simply come to the realization that Bitcoin is a good investment and go right ahead to find ways to buy, for a public company with board of directors, it doesn't quite work that way, if one or more of the board members fancy Bitcoin as a good investment, they would need to spend some time explaining to the others why they think Bitcoin it is as well as going over the pros and cons, after which the next step would be the paperwork; buying at such a scale will take lots of preparations to be done right, I would assume a lot of companies are seriously considering Bitcoin, in addition to those that have already adopted a Bitcoin standard.

I think jp Morgan got fined $1bn from the supreme Court of Europe and I think that mightve been related to their bitcoin claims (but I'm not sure it was a while since I checked).
Are you referring to this; JPMorgan Chase & Co. Agrees To Pay $920 Million in Connection with Schemes to Defraud Precious Metals and U.S. Treasuries Markets? It was not related to Bitcoin claims.
3783  Bitcoin / Bitcoin Discussion / Re: Grayscale is stockpiling of bitcoin on: November 04, 2020, 03:07:13 PM
As said above, Grayscale does not invest directly in bitcoin, they manage a host of funds for investors who cannot directly hold bitcoins, due to legal reasons, they also manage altcoins like Ethereum, Bitcoin Cash, litecoin and a host of others.
If you are interested in assessing companies who are purchasing Bitcoin, you can check out this spreadsheet made by Fillippone;
As I already was keeping track of companies staking Bitcoins, I decided to create my own version of this website, using Google Drive:

Bitcoin Treasuries (Link to Google Spreadsheet)



Large supply will be distributed among handful of whales, then what? In order keep the value of bitcoin it must be wide-adopted, in current situation it's not realistic.
What do you mean; 'keep the value'. Relatively stable assets like gold are not evenly distributed as they are available for anyone, and individuals with more fiat can purchase more, same thing in Bitcoin.

Yes, it will serve as a store of value mostly for institutional investors but not well adopted if it's too expensive and scarce.
Bitcoin can be used as a store of value for anyone who is interested, we have seen strong adoption in countries which have been hit by economic crisis, such as Turkey.
Also, Bitcoin cannot be termed expensive or scarce, its value is speculative and depends on market factors, which is dependent on the fundamentals of Bitcoin, if more people come to the realization of the qualities of Bitcoin, demand will go higher and so would the value, some would say it is undervalued at the current price.
3784  Bitcoin / Bitcoin Discussion / Re: What do you think is the biggest disadvantage of bitcoin? on: November 04, 2020, 02:46:51 PM
This tweet by Michael Saylor is relevant here;


I can't think of a perceived disadvantage in Bitcoin's protocol without a sufficient reason for that which makes the network unique.
One of the comment new members make often is that: 'Bitcoin is too complex to understand as opposed to the centralized financial sector', this however is necessary to create a decentralized system which is fully controlled by the holder, if one is going to have autonomy of their finances then they have to make the effort to understand how it works.

High fees also presents an issue from time to time, but this depends on your perspective; One who makes a transaction in Bitcoin which is equivalent to $1billion can pay fees of about ~$3 which is relatively cheaper than virtually all other payment platforms, but such high transactions are not common and do not account for daily payments.
Greater adoption for 2nd layer platforms like LN and relevant BIPs can help solve scalability issues.

3785  Other / Meta / Re: 🏆 Bitcointalk Community Awards [Voting 2020] on: November 04, 2020, 01:46:33 PM
01. Best Moderator ................. mole0815, Welsh
 2. SpamBuster ..................... Coolcryptovator, Hhampuz (they pick the best participants for their campaigns, limiting the incentive for spammers)
 3. ScamBuster ..................... Rikafip
 4. Golden Feather ................. JayJuanGee
 5. Event of the Year .............. Bruno's exit
 6. Fail of the Year ............... Can't remember the exact user, but a newbie burst on the scene at a point this year (probably), making threads with alts and replying with his/her main account to get merits, worked for a while... until they were caught
 7. Discovery of the Year .......... Ratimov
 8. Bitcoin Geek ................... Pooya87, o_e_l_e_o
 9. Bitcointalk Ninja .............. LoyceV
10. Craft Master ................... Maus0728
11. Antihero ....................... Lauda
12. Absolute Hero of Good .......... The pharmacist
13. Miss Bitcointalk ............... Don't know
3786  Bitcoin / Bitcoin Discussion / Re: Will Turnoff Happen to Bitcoin on: November 03, 2020, 08:34:20 PM
but after the announcement by Paypal Bitcoin have been experiencing a huge transaction lagging and ridiculous size of the mempool.
The increase in number of unconfirmed transactions and delay in confirmation was not due to the announcement by PayPal but it coincided with the spike in Bitcoin price which led to a bit of fomo, with transaction rate far excedding the average rate of confirmation (10 minutes).

if nothing is done now it may lead to some turnoff by some investors?
This would only affect investors who are buying in during a spike and have to pay high fees to get their transactions confirmed. It is a cycle that has been repeated during each bull run or price correction when investors rush in to buy at a cheap rate. So this doesn't occur often, not enough to turn off investors in my opinion.

There are also other projects besides LN aimed at improving the efficiency of transactions and methods one can adopt to prepare for times when the network gets clogged so as to minimize the fee paid, such as consolidating inputs.
3787  Other / Meta / Re: Should confirmed scammers lose the ability to send PM? on: November 03, 2020, 05:09:40 PM
If a forum rule is created for confirmed scammers and is enforceable by the mods based on a certain criteria, wouldn't that make trust moderated?
What would determine a confirmed scammer may be a barrier; we have had debates even among top ranking members about correct use of feedback and flags, so such a restriction would lead to lots of drama.
It would also create a false feeling of security as other members would assume anyone who can pm them are less likely to scam.

P.S; I would suggest members with active flags have a warning banner show up when they message other members or newbies, below x days total log in time. I do not know if this is currently implemented, but it could help to protect forum members.
3788  Economy / Reputation / Re: What happened with Luckyflop.eu Casino and his account? on: November 03, 2020, 12:37:52 PM
if he is original owner (and he isn't) then this is clear case for negative trust feedback for Luckyflop.eu casino.
If he is new owner, than this account is purchased and changed hands, so people can tag him for that.

What do you think about this case?
The fact that the account represents a business and not strictly for personal use would invalidate any change in ownership (not that it indemnifies one of blame), it is not uncommon for a website to have more than one person handling their marketing program on a particular media, so there's no unique identity behind the keyboard.
I see you left a neutral feedback, I would say there is enough reason for a negative in this case.

The profile still carries the name of the website and the current owner can still pm users who want to recover their funds and find a way to scam them despite the public change in posting habit.
3789  Economy / Economics / Re: Is Bitcoin the best reserve asset? on: November 03, 2020, 11:11:32 AM
Bitcoin is too unstable to be used as reserve asset
This would depend on what metric you're looking at; Bitcoin's supply is the most stable of all the other asset classes which are used as reserve currencies, it is immune to supply shocks and fiscal policies are not implemented to adjust to changes in economics conditions. The protocol of Bitcoin would likely be the same 10 or 50 years from now.

You're are probably analysing volatility in the market price, Bitcoin is highly speculative with regular price fluctuations, but it is a decade old currency with lots of time to adapt and evolve to suit various markets. This volatility does not make it very suitable as a reserve asset now especially if the company is looking for stability; so those companies adopting it now are probably being forward thinking to get ahead of the curve (the value is generally appreciating, so in a couple of years it would likely be higher than it is now when compared with fiat or gold).

Also, you cannot only focus on one quality and use that to qualify an asset. Bitcoin has other unique attributes that makes it stand out and which are useful in a reserve currency.
3790  Other / Meta / Re: Why aren't avatar ad clickable? on: November 03, 2020, 06:13:01 AM
now what benefits is the avatar to the companies buying the space if their ad aren't clickable, how do they monitor the success rate of their ad. Forgive me for my ignorance but is there some reason why this feature isn't allowed on the forum?.
There's something called KPI ~ Key Performance Indicators which companies use, it is usually used to measure the success or otherwise of the company in various areas where it can be measured. This means if a company has been running an ad using maybe signature promotion, for a couple of months they would know the success of it by checking traffic, number of unique visits etc, and overtime they would be able to build an average reach of that ad.

If they add a new promotion campaign which can not be directly quantified like Avatar, it would be possible to measure its influence by checking any changes in overall average reach; no change means no impact, an increase would mean a positive impact and a drop in the average reach would mean a negative impact. For example:

• Project X gets averagely 20,000 unique clicks monthly and 2,000 new registrations.
• After running an ad campaign, the average clicks after a couple of months increased to 30,000 and new registrations to 2,500. This indicates a positive impact.
There is a slight possibility that the change may have not been caused by the new ad and maybe better reach of the initial promotion, but as long as there was an increase it means the promotional campaigns are working and the company is satisfied.
3791  Other / Beginners & Help / Re: I am having difficulty receiving a bitcoin transfer on: November 02, 2020, 09:33:54 PM
If there is no information about the transaction (incoming or outgoing) in the wallet you included in OP then the transaction is not broadcasted yet. Contact the receiving address/service provider for more information.

Can anyone tell me what is going on, and when should I receive the funds? It says pending.
This depends on the fees used as well as the status of the network at the time the transaction was broadcasted. A delayed transaction probably means that the fees included were too low and as such the tx was not given priority and is further off from the tip of the mempool.
3792  Other / Meta / Re: Why aren't avatar ad clickable? on: November 02, 2020, 07:21:32 PM
Avatar is a personalized image of the member, it is not typically used for ads and a member could use an image they like or to portray a message, reason why it is not clickable, same way personal text isn't.
When used for promoting a website, it is usually combined with a clickable signature (here the Avatar would serve as a the logo of the service).
3793  Other / Beginners & Help / Re: Price predictions for Bitcoin over the coming years. on: November 02, 2020, 03:42:59 PM
...because others don't totally accept bitcoin because of their personal agenda's, if they change their outlook in bitcoin we may see another all-time high, sooner
The price of Bitcoin is not really dependent on the opinion of nocoiners or people that spread FUD. The network has already built a lot of solid support which can push the price above the ATH.

Over the past year; more institutional money has flowed into Bitcoin, public companies have adopted a Bitcoin standard, cashapp and PayPal have integrated Bitcoin into their payment system amid more positive growth, all these has the potential to kickstart a bullrun, but the market price had not yet fully caught up with the general bullish sentiment.
New investors do not begin a pump, they usually FOMO in when the price is already on the way up, just as it is now; Bitcoin grew about 30% last month.
3794  Bitcoin / Bitcoin Discussion / Re: The crypto compliance lie: Sacrificing privacy does not make us safer on: November 01, 2020, 08:40:52 PM
Governments always kick against anything they do not fully control, be it user data or money flow. Reason why tensions rise between nations due to alleged data theft, but those countries would have no problem spying on other countries.

Bitcoin presents a conundrum for certain governments as it cannot be directly regulated, this means money chain can go untracked, but the more bitcoiners interact with centralized services the more Bitcoin falls under the regulatory radar.
Nowadays more Bitcoin users willingly give up their privacy and anonymity, so there is very little economic implication for nations that adopt a heavy handed approach to controlling bitcoin, as users are already submitting themselves to custodial services. If more Bitcoin users would value their privacy nations would run the risk of becoming unwelcoming to the growing network and potentially being left behind as digital finance gains more adoption.
3795  Other / Beginners & Help / Re: Price predictions for Bitcoin over the coming years. on: October 31, 2020, 06:01:45 PM
I am not aware of any loose consensus on what the price of Bitcoin would be. So many prices are usually thrown around and bloggers in a bid to gain traffic spin articles off such predictions so they could likely become popular.
Some "analysts" predict we would hit ~ $300k within the next 4 years using the stock to flow model, some others hold the notion that Bitcoin would surpass gold in market capitalization within the next decade, this should be a growth of about 40Χ.
There are of course still those who take the negative position that Bitcoin would go down in price from here.
All these are personal predictions and should not be taken as investment advise. Do your own research on any analysis.

If not would people care to share their thoughts on what they believe will happen to the price in 2021, 22, 23, 25, 30?
This would be almost impossible to predict this with any bit of certainty and we would likely just be throwing numbers around.
But if I must look into by crystal ball, I personally expect we cross the previous ATH ($20,000) within the next 6 months and possibly $50,000-$100,000 in 2 - 6 years.
3796  Other / Beginners & Help / Re: Engagement on the Zero/Low-value post. on: October 31, 2020, 04:40:05 PM
It is possible other users reported the post as well and all the reports were marked good.

I agree, It is good practice to report low value posts rather than engaging them, but, adding a reply is sometimes necessary, especially when the posts target newbies with a service which could potentially be a scam.
There's usually a gap between when posts are reported and when action is taken by the mods depending on how active the mods are, during this time newbies can come across such posts and PM the user asking for more information, this could be prevented by a reply explaining why the offer is of no value to other members.
3797  Other / Meta / Re: How to increase Merit? on: October 31, 2020, 08:49:31 AM
You could start by reading the forum rules;
Quote
25. Ban evasion (using or creating accounts while one of your accounts is banned) is not allowed.
hahaha my 1st account was banned so make a new account ...
Archive
3798  Bitcoin / Bitcoin Discussion / Re: How can bitcoin be made easy? on: October 31, 2020, 08:30:22 AM
To answer the topic title, there are lots of resources; books, videos, articles, podcasts etc which would help newbies become acquainted with bitcoin, they need to take the effort to read and understand them. This community is also a good place to gain knowledge and ask questions, there are local sections where people can communicate in their local language making the forum more welcoming to new members.
There are also other community based projects aimed at making the concept of Bitcoin readily understandable, such as the translation of the whitepaper into different languages.

Some have bitcoin in there wallet but they don’t understand it,
Why would anyone buy and hold an asset which they do not fully understand? You need to have basic knowledge of how to obtain and safely store bitcoins before attempting to hold one.
3799  Other / Beginners & Help / Re: Question regarding buying and storing Crypto on: October 31, 2020, 06:46:04 AM
EDIT
I am using the latest version of Electrum 4.0.4. I have TunnelBear VPN and ExpressVPN. Both give the same result.
I read somewhere that if you get your proxy Port on TOR and enter that as a proxy on electrum it could help solve this issue and allow you use electrum over TOR, not sure if it still works or if it would on your preferred VPNs.

Thanks for confirming the address question. It seems the best practice will be to use a mixer service and spread the BTC around the different addresses shown in Electrum.
Correct. Each wallet address has an xpub or Master public key in addition to the private key. The Xpub generates all the public addresses and transactions made to the different addresses are difficult to track, so it is best practice to avoid reusing addresses.

I don't see a way to generate new addresses. Does each wallet just get a fixed amount?
Do you mean generating a new master private key and public key? An electrum wallet can hold a large number of different addresses; on mobile ther is a NEW icon when viewing all the unique addresses on the wallet, that is where you generate another.

What do you mean fixed amount? Electrum automatically changes your receiving address after it has been used in a transaction to another one under a single Xpub, so the amount they hold is not fixed.
• If address A was used in a transaction of 0.07BTC, it would be changed after that to address B; which can receive any amount of Bitcoin above or below that (0.07).
You can also keep reusing a particular receiving address  Not sure if this explanation matches your inquiry.
3800  Other / Beginners & Help / Re: Question regarding buying and storing Crypto on: October 30, 2020, 10:52:12 PM
Is there any services you or anyone else can recommend for mixing/coin joining? I don't know of any.
Chipmixer is a good option. You can check out their offical service thread on the forum - https://bitcointalk.org/index.php?topic=1935098.msg19217054#msg19217054
Remember to bookmark sensitive links and only follow official sources.

It seems you can't be behind a VPN while using Electrum or maybe the VPN I am using. It just shows Disconnected until I turn off my VPN and then it connects to the server.
What version of electrum are you using? This appears to be a past issue on certain operating systems.
I could find this issue on it for Ubuntu - https://github.com/spesmilo/electrum/issues/5193#issue-420161782

When I go to send BTC from an exchange. Do I just go into Electrum > Addresses and right click on any of the addresses and copy? I can then paste that into the Send address on the exchange, correct?
Correct! Electrum > Wallet name > address, then you copy. It's advisable not to reuse addresses to help maintain your pseudo anonymity.

P.S; Writing consecutive replies is against the forum rules. You can edit subsequent replies into the initial one.
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