I just saw this prototype of NFC cards filled with 20k sats: https://twitter.com/CoinCornerDanny/status/1469330183689756679I'm not sure if that's only usable on specific wallets, but in theory you could have physical cards that represent any denomination you want. For example, you could prepare some cards and fill them with 10k, 25k, 100k sats, etc. and mark them accordingly. You could create a set of NFC bills for example. That would be a nice gift. You could also create an NFC collectible that instead of using a hidden private key, it allows you to withdraw from it with NFC. There might be some issues there, but I think something interesting could be created with this technology. What do you think? |
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Hello, here's the message and the signature: Address: bc1qqz73mg5ype7uhergk8et26kuealcmxhmsxp387
Message: I’m nullama from bitcointalk.org, it's 2021-12-13, and I'm showing OgNasty that I can sign a message.
Signature: IBgR6dQWsuo/dGNktiIkEC+l+0lbf4Z7HPu+FlfxllLnH/7qOaxr6vpNBcQ514ceXKmvCr4L++rqR4a7tdReqZc= Thanks for making this thread, it was very useful. |
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You will find everything you need to know about these topics in this thread |
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Here is my encrypted message, OgNasty: -----BEGIN PGP MESSAGE-----
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IEtA0ZYsRqO+9I77r6MIZlfKVazvDZFerrg4orvPs93h45203AJsDzzeoJItMC46
fpdUh0gTOBSP5N4FTK4xNqR00qUEFMvny2TfJJqmEKEM50m8cuj+UO6dJEDCjEa3
NOB/vNtcDcSgifO38M5KiIkLJSCwCZ7csXQMU8ePtupdbiZjCygfDMQfzmUhhQ0E
aOQIuCHiGogMeyyMSLs6/0swju9qYwv2LNq4fvZqedKTAS34bnLLNfzgH/0NfocB
uViCJZO/X9sls/is9RUFm3GFnnFDiOpDHc0+acYTh2nvZAnIxL/XHNNE3aSmZBi5
QvWe4jgKXqrbpZ6zf7RzliRxWgUcd0crrHZuXEUG/pidRvEQcf9GVXpg7UG1eMF3
pt5+3L8pfHS8Kn5+E7Pe15Wl7qAixISZ8FKkGGbo3PRURrr/
=H9Te
-----END PGP MESSAGE----- |
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Maybe now its a good time to invest
And borrow money.
Btc goes 120,000$ if you buy now you make like over 60,000$ profit.
But dont buy just btc divide ur portfolio ...
Buy few metaverse few top coins maybe web3 and u wait ATH and you sell it.
Pay i ng back loan and u are in profit.
Next year as we all know ATH
That's just gambling. What if Bitcoin goes down 80% for a long time and it's time to pay your loan? You should be able to invest in Bitcoin for the long term, if you have a loan payable at a specific date, you're just gambling that the price of Bitcoin will do something at a specific date in the future. No one knows that. Also, you'll have to sell to pay back the loan. At what time do you sell?, you're trying to guess that as well. Also you'll have to consider the taxes you'll have to pay in that transaction. Seems like a super risky move to me. |
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Personally I think the best is to just treat Bitcoin as any other asset.
That means, depending on your country, you might be able to get a reduction in taxes if you held it for more than a year for example.
In Germany you are discounted 100% of capital gains tax if you hold Bitcoin for at least a year before selling it.
In Australia you are discounted 50% of capital gains tax if you hold Bitcoin for at least a year before selling it.
Etc.
That way, you will have no problems with exchanges, banks, tax agencies, etc, while using tax incentives available in your country.
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What USD provides that Bitcoin doesn't is the security. Surely we know that there are scams going on in fiat world as well and there has been for many many decades before bitcoin was even a thing, but at least you have the government and laws and law officers and lawyers all on your side at the same time when you get scammed in fiat world, doesn't mean you will definitely see your money back, but at least there is a chance. On the other hand we have bitcoin where once your money is gone then it is gone.
I remember the day my friend lost 3k dollars of his own money in a scam, the idiot gave it away to someone else trusting that person and that person blocked him right away. Obviously my friend is an idiot for doing something like that, even a child wouldn't do that, so I can't be mad at the scammer for scamming someone so gullible to fall for something so easy, but in the end my friend had no options available. If that was in fiat, at least he would sue that person and even if he doesn't get his money back, he would be able to move that person over to the criminal justice system.
Stolen Bitcoin is basically similar to stolen cash. Police does recover it in a similar way: UK Police Recover $22M in Stolen Crypto From ScammersPolice in China Recover $460,000 in Stolen BitcoinStolen bitcoin is hard to get back, but the FBI says it just did it |
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My question is
If I want to get my first address back. How many time will I click so that I will get back to the first address. Or had any address that past has past. If yes. What of If their is matter that they want me to generate that particular address back from my wallet. What will I do?
It really depends on the service you're using. With a non-custodial wallet like Electrum for example you'll have access to all your previous addresses, but with a custodial wallet like the one you're showing maybe you won't have access to older addresses. Most probably every time you click that button a new address is generated and there's no way of going back. Don't worry though, that previous address is still valid and if you receive bitcoin there you'll still get it. By the way, I noticed you don't want to make this address public as you redacted it, just letting you know that the QR code contains the full wallet address you're redacting, so make sure to redact the QR Code as well. |
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This is great, I was thinking about doing a very similar project, but maybe it would be simpler to add one feature to this project instead. So, right now you generate the USD price of 1 Bitcoin:  I was thinking about doing the same, but for a variable amount of Bitcoin, ideal for posting prices online, for example 0.1 Bitcoin would generate an image with $5,132, and so on. That's probably a simple feature to add. The next step I was thinking was to add other currencies, and back and forth conversions. Not sure if that's too much, but at least I reckon having a variable amount of Bitcoin as an argument would be super helpful. Great job! |
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But someone wrote it somewhere, that specific address, and people started to use it to burn coins. More likely, as I mentioned above, is that someone sent a transaction to it, and then someone else noticed that transaction after a few days and started talking about it. Yeah, I think you're right, that's probably the most reasonable explanation. I was hoping there was some interesting message about it, but probably it was just the address name itself that conveyed the message to a curious observer of the latest transactions. |
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Yes, of course.
But someone wrote it somewhere, that specific address, and people started to use it to burn coins.
I know how you can create it, I'm just wondering who decided to write the specific words BitcoinEaterAddressDontSend and posted it somewhere. Was there any text alongside it explaining something?, what was the original intention of posting it, etc.
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I think it's just an interesting technology, that can be applied to some useful and some not useful things.
At the end of the day an NFT is something unique that can be easily verified.
You could apply this concept to many things. For example, a digital ticket to an event. Instead of just having a PDF with a QR code, you could have an NFT. That would allow you to easily sell tickets for example, or you could keep them as a memento of the event. Content creators could also give you bonus artwork with the ticket. Kinda like the booklet of a CD.
On the other hand, I don't see the point of buying a random image as an NFT.
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I'm very interested to see all the new applications that are starting to be built on top of lightning. One area in particular that I think will be very popular is decentralized social media/chat/file transfer. In that area, I've found Sphinx, Juggernaut, and Impervious. They look very promising, you can even monetize your own messages/data out of the box. Another area that I think will be very popular is to use lnurl-auth as login instead of remembering passwords for websites. Here's one example of that: https://lightninglogin.liveBy the way, this might be a good time to reserve your own lightning address. For game developers, zebedee is offering an easy to use api to make money be part of the game by making micro-payments with lightning. If you've seen any other interesting application running on top of lightning, make sure to share it here. |
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This forum reminds me of the early days of the Internet. I really like it.
It's a bit difficult for new people to start with it, but the more you use it, the better it feels.
It's a unique community, where quality is preferred over quantity.
It preserves the history of Bitcoin, while at the same time allowing new people to share their ideas.
Long live the bitcointalk forum.
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What I mean by this is that with a Bitcoin ATM you simply pay fiat and receive Bitcoin into your own address directly.
Most exchanges create a wallet for you which is where you receive the Bitcoin after you pay with fiat. You then need to withdraw from it to your own address.
I'm wondering if there is any exchange in the world that offers direct fiat to Bitcoin in your own wallet transactions.
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Every time there's a problem with the debt-ceiling in the US since 2011 there has been talks about the possibility of minting a one trillion-dollar platinum coin out of thin air. Although the current US Treasury Secretary is opposed to this idea, there are people out there that are pushing to make this happen. On the other hand, most people think that Bitcoin reaching one million dollars is ludicrous. Combining these two ideas, I get the impression that most people still believe more in the USD than Bitcoin. Although things might change in the future when Bitcoin reaches $100k at some point. That will probably be an important mental milestone for the average person. |
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Bitcoin still has a lot of volatility because the real value is way higher than what it is today.
In the long term Bitcoin purchasing power will increase, so you're better off saving it, but of course you need to use money to live in society. As long as you spend less than what you earn you should be fine.
On the other hand, if you look at fiat currencies, in the long term their purchasing power is reduced dramatically so you're better off just buying anything with it as soon as you get it.
As an example, one Argentinean dollar about a decade ago was worth one USD. Today it's worth one cent.
In Venezuela things are worse, they just removed 6 zeroes to their currency.
And hyperinflation is just starting in many countries.
Obtain Bitcoin, and save it. You'll be wealthier in the future.
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