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Dear OP,
To begin with, stop thinking that Satoshi Nakamoto is an American. Also we really don't know if satoshi is an individual or a group of people. So a lot of unknowns are still here.
Secondly, a person or a group who had created revolution in the financial world and yet no one knows his or there identity since last so many years. Do you think this bloody IRS law will flush them out? I don't think so!
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I don't know if the government of any African country have adopted the system of paying salaries in Bitcoin, but I know here is Nigeria they haven't, it's possible to pay employees using Bitcoin or other crypto currencies ,
With the services of some crypto currency payroll agencies like Bitwage,papaya global, ontop, which will make it possible for the government to pay their workers in Bitcoin or other crypto currencies and can be sent into their digital wallet,
Since it has to do with the government another agency can be set up in the country in respect to paying salaries as Bitcoin which will somehow help in the growth of the economy of the country.
It is a very bad choice for anyone to receive their salaries in Bitcoin. It is because Bitcoin is the worst payment method. It is slow and expensive. Bitcoin is good as an investment which has out performed nearly all asset classes. At the same time it is not a good payment method. I don't think any countries have yet adopted Bitcoin to this level where the companies are encouraged to pay the salaries in Bitcoin. El Salvador is maybe an exception. |
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All the best Americans! US is going to bring down the crypto market on their soil through useless regulations and punitive actions if not complied. From the actions of IRS and various other regulatory bodies, it is very clear that US government is seeing cryptocurrency as a threat. If you are holding your life savings in Bitcoin, move to Singapore and live a happy life! |
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Does anybody leave a percentage of their BTC on the exchanges, or do you guys store all your BTC in your wallets, etc?
I usually do not support keeping your Bitcoins in the exchange wallets, but with the current surge in transaction fees forced me to keep a specific amount in my exchange wallet. I simply cannot afford to make multiple transactions with such high fees. While this practice is not encouraged but sometimes we need to be practical as well. Ensure that your exchange login credentials are difficult to guess and also ensure that you have two factor authorisation enabled. |
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I sent a small amount of BTC between my two Electrum wallets. After almost 12 hours the transactions status is still Unconfirmed in both wallets.
From Wallet:
Unconfirmed [1.5 sat/b, 503.19 MB]
Unconfirmed [1. sat/b, 503.39 MB]
To Wallet:
Unconfirmed [1.5 sat/b, 503.39 MB]
Unconfirmed [1. sat/b, 503.39 MB]
I don't think this is normal. How do I get this resolved?
thanks
The fees is way too low. I don't think it will ever get confirmed. I believe Electrum gives an option to increase the fees so please make use of that and increase the fee according to the mempool. Otherwise your money will be lost forever in the Blockchain. Check fees here - https://mempool.space/This is a big issue that Bitcoin network is facing right now. Unless these ordinals are banned from the network, I don't think it will ever get resolved. |
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Please be informed that Binance is not doing it at their own will. Privacy coins are considered as a potential threat to National Security by the US government. That's why they are forcing Binance to delist any privacy coins from their marketplace. So this incident should not be seen as the mistake of Binance.
In due course of time, the truth will surface but I strongly believe Binance is not doing it willingly.
And yes, Decentralized exchanges are available for you to use just in case.
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4. How Can I Pay Lower Bitcoin Transaction Fee and Not Get Stuck?
Probably it is best to watch the network and the transaction fees to understand when the fees are at a lower level and broadcast your transaction at the same time. Or the best is to stop using Bitcoin totally unless this nonsense ordinals are completely banned by the Bitcoin developers. Honestly Bitcoin has lost it's charm as a payment method, rather it has become the slowest and costliest one which everyone would like to avoid. It's just an investment right now. |
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Corruption is everywhere! In some places it's hidden under the pile so it's not visible enough to the common people. But in majority of the places corruption is a common practice. So it's not easy to eliminate corruption from the society.
Probably it is a bigger problem in Nigeria and in many other African countries as well. But if you are looking for a corruption free society, you are probably day dreaming.
That's why people from such countries always look for ways to move to a developed country. Sad but that's the reality.
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Im looking for traders who will trade with my capital and instructions.
You will be using my funds and trade according with my method.
Anyone interested ? And you will be paying my share every week to me or 2 weekly how i want.
You need to have some experince Im not gona teach you basics so i hope to find some good partners.
Thank you !
Be very very careful with such a proposal. I am sure you have received many personal messages already. But do not trust random strangers with your money. Also when the traders are expected to trade using your own instructions, why can't you do it yourself? That way your money will be safe if it 8s obtain via legal earning sources. If not, take your proposal elsewhere. Don't trap anyone from here. |
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When I as we I meant those who have panic sold their holding and it's sad people don't understand that just one event like spot ETF approval cannot define Bitcoin's future and people should stop believing in these smear campaigns because no one can predict much about crypto or Bitcoin.
Can't agree more! People who are involved in Bitcoin since some time, they understand that an ETF approval cannot define the future of Bitcoin. But the dumps are coming from novice speculators. Actually seasoned Bitcoin holders do not care about weather and ETF is going to be approved or not. Honestly it just needs some market maturity before Bitcoin can stop responding to such events. Unfortunately we haven't yet reached to such maturity level. |
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NFTs have taken the digital world by storm. How do you envision non-fungible tokens impacting industries beyond art and gaming? Share your wildest NFT use-case scenarios!
And then it has died a quick death! NFTs are the most useless things I have seen in a while. The only area it can be successful is the in-game purchases where people usually spend money to get more power or accessories. Otherwise, it has no value. Even Cristiano Ronaldo couldn't save his own NFTs so I don't think anyone else can. So my advise is to stay out of NFTs. |
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What else you can expect from a strict communist regime? China was never a cryptocurrency friendly country. They were the first country to ban ICO. They had multiple other public circulars regarding the usage of cryptocurrency within the country. So this public warning is not at all a surprise. I won't be surprised if China decides to completely ban cryptocurrency and impose punitive measures against the users. That's the basic nature of an authoritarian government.
Probably the government is seeing an increased use of USDT, hence they are being very specific in their warning.
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Which one could be reason of such movement?
It's not possible to single out a reason for such bleeding. There could multiple things in play. But it's usually due to negative sentiments around the market. That negative sentiments can be induced by multiple things. When miners send bulk Bitcoins to exchanges, the general reason is to sell off the Bitcoins to recover profit. So the price is dropping significantly as the market is expecting a huge dump of Bitcoins. But that's not the only reason. The nature of crypto market is volatile so I always suggest people to not completely rely on cryptocurrency only. |
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I need not to pause to say how delightful I'm to hear that the Central Bank of Nigeria has changed its stance on crypto assets in the country and asked banks to disregard its earlier ban on crypto.
It gives me joy to know that we can now transact in crypto without difficulty. Before now in Nigeria transaction in crypto has always been difficult and stressful especially using P2P.
This calls for a celebration for all crypto lovers in Nigeria.
Good for Nigeria! I hope finally the central bank have understood the power of crypto and also understood that they cannot ban cryptos through a law or a circular. Rather it will force multiple people to hide their crypto transactions and underpay taxes. So it's a two edged sword for both people and government. Hopefully, other African countries will realise the benefits soon and follow Nigeria here. |
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I just read this news and I can't stop laughing. McDonald's is said to be planning to sue people who have been refusing to buy its products over the past months leading to their $1.3 million loss. This is due to a boycott movement where people in a lot of countries are sanctioning this company because of its support of the Zionist regime that is occupying Palestine and is committing genocide there. Imagine if some day you are out and about, suddenly someone wearing a chicken suit puts a gun to your head forcing you to buy their fast food or they'll shoot you  Ref: https://www.moroccoworldnews.com/2023/12/359864/mcdonalds-malaysia-sues-pro-palestine-activists-over-boycottMcDonald's is probably trying to sue an organized group of people who are constantly trying to put the brand under wrong light. The conflict between Israel and Palestine is unfortunate as common people are getting murdered every single day. But wha a business has to do about it? Just because a brand is owned by a follower of Judaism, doesn't need to be banned or constantly attacked. This is very same incident where every Muslim people doesn't need to be blamed just because some Muslims are creating issues internationally. That is called generalizing. I think McDonald's is going a little stringent on this incident because they could have used intelligent marketing to bypass this. |
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Mempool right now seems to be in spam Transactions almost for 500mb is stuck Seems like it's will freeze High priority tx fee will cost 182 sat/vB  What further steps will look like if this spam continues? I don't remember this happening before in history Miners are having a blast right now he he  Bitcoin is having a bull run right now. Also nonsense things like ordinals have not yet stopped. And we can see the result of a clogged Bitcoin network. If ordinals was not there, we probably wouldn't have to see this today. But fortunately, ordinals are still life and the primary source of spamming the network. I remember reading in this forum that the development team is planning to expel the ordinals from the network. Can anyone share any update on this? |
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We all know that recless money printing and inflation will cause more taxes also higher property taxes.
Rich people knows to hold properties it's a liability the maitance and taxes it's a extra burden and stress.
Instead of owning the single House or building you can just invest in REIT.
I see now there is plan to lower rates and give to the middle-class opportunity to get properties with cheap price and with attractive mortgage rates.
That's how the rich ones get out of the upcoming tax burdens and Extra liabilities and responsebilities.
Now they waiting btc ETF once approved they can allocate a lot funds from their real estate funds into cryptocurrency Market by using ETF.
When Canada Toronto BTC ETF was approved than a lot real estate investors invested in btc etf their capital and large part of Toronto real estate market was falling lower.
If you can see all the correlation than everything make sense.
If you invest in btc or crypto sure it's a asset and by default with the assets properties there is maitance expenses......but you keep your assets "maintance"cost under control If you do invest by dca % to averaging down.
But one thing for sure people specially the real estate and even CAR owners will be burdened with a lot taxes and liabilities by the goverments around the world.
That's why i stay out of trouble by not allmost owning nothing or any liabilities on my name as possible.
I have investment in REITs. Not one, but two! I am not classified as a wealthy person but my stock exchange allows me to participate in REITs. These are really great investments to be honest but they couldn't outperform Bitcoin really. Especially in COVID time, the return from REITs were quite low even compared to the traditional bank deposits. But it is now coming back to its former glory. But that's not just for rich people. In my country, REIT investments are open to any eligible individuals and the units are tradable in stock exchange. So it's very easy to sell off the units if you need. personally I would recommend REIT as an investment if someone is looking for a above-the-market return. |
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Isn't the whole point of bitcoin permission-less exchange? I've heard people talking about the "benefits regulation will bring." But once they regulate crypto won't it lose an enormous amount of its core utility? A distributed ledger that is forced to implement changes from politicians will never allow free exchange or permission-less transactions. What's the point of it then?
So what is the pro-regulation crowd thinking in 2023? Are they confused or am I the one who is wrong here? I would appreciate any perspectives.
The entire situation is more about what government is thinking and not what we are thinking. We surely do not want regulation and we do not want to pay taxes. But the government would definitely want complete surveillance. Without regulation surveillance would not be possible and if we want to use cryptocurrency as a method of payment, that won't be possible either. So regulation or no regulation, both have their own downsides and positive sides. But as a common people we do not control anything here. Unfortunately that is true! |
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How possible is it that proud can be totally isolated from advertisment in relation to Bitcoin, though in my view the world proud can be relative but not in most cases. At the point of been a bitcoin earner,minner,marketer as well trading how can one be free of proud reason because is a genuine business compare to many illegal business people indulge on. Secondly I understand that any business people engage without being proud why advertising it have questionable character. As a beginner on this platform I have seen Bitcoin as business one need be proud of, because is of more legal backing even though many nation have not approved it, is more acceptable because only few business can be compare with Bitcoin in genuineness because many are illegal that some time involved bloodshed,loss of life etc, the reward of Bitcoin,it value freedom to operator with any level of certifications has brings many people with lost hope into a renew hope,this few point still ask if proud during advertisement on Bitcoin can be removed.
I am not really very sure what exactly you are referring to! But an advertisement of a new technology or platform needs to create a persona in most of the cases. So without creating a persona, the advertisement will be generic in nature. Which may not be able to reciprocate the benefits of this new technology. So the boasting is a part of the promotion which can create a perception in people's mind and create FOMO. Unfortunately, that's how marketing works. |
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