Bitcoin Forum
June 15, 2024, 03:46:12 PM *
News: Voting for pizza day contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 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] 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 ... 296 »
3841  Bitcoin / Bitcoin Discussion / Re: "10 Reasons Bitcoin Is A Terrible Investment" - A pathetic attack against BTC? on: October 18, 2020, 12:19:09 PM
Misinformation from the media is becoming a norm these days, I usually struggle sometimes to get accurate information about assets like Bitcoin and mostly rely on specific websites (usually community based) for information.
Such negative publications on Bitcoin is used to dissuade public interest, but it's becoming less effective as the network becomes more popular. Much easier to mislead people when they know very little about the subject.

bitcoin have 21 million bitcoin that will be in total supply, how can it be manipulated and be increased, this can not be, it has to be agreed upon by the bitcoin community, which I believe will only lead to hard fork,
Bitcoin is community based which means it relies on majority vote, if a cap increase is suggested and agreed upon by most of the network then it is technically possible without the need of a fork. However, considering the times this has been suggested in the past, such a change to the protocol is very unlikely. The fact that Bitcoin is highly divisible also makes it unnecessary.

It's limited in supply, but buying $1 Bitcoin today will be just as easy in 10 years when almost everything's mined. You simply will just be getting fractions.
$1 may be relatively easy, but would $425 million (the amount purchased by microstrategy) be at that time? It may yet be possible if you factor in inflation of fiat and appreciation of bitcoins value, so we should probably consider it from Bitcoin amount rather than fiat equivalent as; Scarcity leads to price increase as it has a deflationary effect.
For example, Microstrategy purchased about 35k BTC IIRC, at a value of 425 million, in 100 years the same amount of bitcoins could be far much higher in USD value, making it far more difficult to acquire, due to scarcity among other factors.
3842  Bitcoin / Bitcoin Discussion / Re: We don't do it in Bitcoin! on: October 18, 2020, 05:02:20 AM
While it shows how Bitcoin is different from Gold, I do not think we should promote bitcoin as a means of easily evading taxes. This is one of the ideas used to push the narrative that Bitcoin facilitates illegal activities and is used to launder money, leading to it getting seized in certain circumstances.
Also, while you may not have to smuggle Bitcoin in the manner of this case, airport authorities can also still check bitcoin wallets (software or hardware) or private keys in your possession at that time and these could be seized depending on the legal stance of Bitcoin in that country.

To avoid excessive regulations placed on Bitcoin or in threatening situations where your funds are at risk, you can check out this thread on plausible deniability - [Wiki] An Informal Introduction to Plausible Deniability.
3843  Other / Meta / Re: Do we need a new child board or we are good here with meta board? on: October 17, 2020, 09:36:07 PM
I do not see the relationship between stats and the merit system being matured. Such posts are created to highlight key areas which may be useful or interesting to know, although I feel we can do without some of the stats which is posted here, some others are quite helpful.

Meta board is for discussions about the forum, if a topic falls within that range, it technically belongs here. Statistics is not a specific topic for discussion, so making a child board would be ambiguous and can also be misunderstood as an official source for forum statistics.
3844  Other / Meta / Re: Bitcoin talk could fix the spam in one move....REMOVE SIGNATURE...Right?? on: October 17, 2020, 07:38:47 AM
<...>
This is true, less traffic would lead to less revenue, but unlike Facebook and some other medias, this platform is not primarily geared towards generating revenue as it has a pretty decent reserve. The forum provides a platform for Bitcoin enthusiasts to discuss useful topics, so revenue (while significant) is probably not the reason why the admins still allow signature campaigns to be run.
Theymos has also hinted that other means of generating revenue can be devised in the event that it becomes necessary.
3845  Bitcoin / Bitcoin Discussion / Re: How would you promote bitcoin if you were Jack Dorsey (twitter's big boss)? on: October 17, 2020, 05:40:13 AM
Since you highlighted one of his companies, I would assume you're asking how I would use that to promote Bitcoin. Twitter is not a financial or investment platform but a social one, so I would not really be able to do any more than he is doing now.
He created a custom logo for the bitcoin hashtag (which appears somewhat like this #Bitcoin BTC). He also promotes Bitcoin on his wall fairly regularly, as the CEO of the platform I believe he cannot stay on a single issue for too long and has to get involved in other trending matters, so we should not expect constant tweets shilling Bitcoin. The hashtag on his bio is lots of publicity.

One thing I would add is allowing users pay in Bitcoin to promote a tweet. I understand that Bitcoin is not convenient for instant system withdrawals as the network is decentralized and it is also volatile, but with a few tweaks it can function fairly well.
3846  Economy / Reputation / Re: [HELP] TRUST ABUSE BY PLAGIARIST / DT MEMBERS PLEASE HELP on: October 16, 2020, 10:31:23 PM
The feedback left by SiNeReiNZzz is an abuse of the trust system in my opinion, trust feedbacks are not a way to get back at other members whether or not you were wrongfully accused.

He clearly deserves to be out of the DT circle and a red trust for his plagiarism.
Red trusts is not the penalty for forum offences, such offences are moderated and should be handled by the mods, in extreme cases where a user poses an immediate threat to the community (like when an account is hacked) red trust can be used to warn other members, I however do not think it should be used in cases like this.
Did you report the post in question to the mods? This usually draws their attention faster than posting in the report thread, you should note that cases are handled individually and other factors go into the final decision with mods allowed to use their personal discretion when handling cases, so it might take a while for a decision.
3847  Other / Meta / Re: Copper membership cost on: October 16, 2020, 06:33:21 PM
It doesn't have fixed usd amount, I bet that's way cheaper than before. Check this thread The cost of Copper Membership will raise considerably
I thought the amount was regulated to keep it within a particular range, taking changes in Bitcoin price into consideration. I do not know how frequently it is done or of it actually is done at all, but I believe I have come across that at some point.

He may want to share images and write posts without any time restrictions, so it helps a lot than being a newbie and wait for a few minutes before posting back again.
Waiting 360 seconds between posts is a minor inconvenience, except the user plans to spam the forum with low value or plagiarized contents. I hardly make successive posts with shorter time frames than that, and the time limit was probably put so new members do more of reading than writing.
3848  Economy / Economics / Re: Money Supply Growth Has Never Been As High As It Is Today on: October 16, 2020, 04:05:33 PM
If I ever understand as little as 1% of what they’re talking about, I think they’re telling people to keep spending money, keep borrowing more money, keep taking more loan, and that will fix the inflation miraculously.

Quote
Economist and former Treasury official Nathan Sheets counters that if businesses aren’t inclined to spend, the larger money supply may do little to fan inflation.

That quote was a description of the relationship between fiscal policies, GDP growth and inflation. During a recession, just as this one, banks adopt policies to cushion the effect and turn the eonomy around. Injecting cash into the market can function to increase productivity boosting the GDP, it can also lead to inflation; However, all of these factors are dependent on the circulation of money being pumped into the market. If stimulus checks sit around as savings in banks, it does not influence inflation and also doesn't help the economy.

This suggests why the cash injection which has been going into the market may not increase inflation as most people fear. The pandemic has created an unconducive environment for production, reducing the velocity of money flow and conversely reducing its effect on inflation. This is why I think countries would feel the effect of money printing at a time in the future when the economy has recovered and all those idle money returns to circulation.
3849  Other / Beginners & Help / Re: I am new here, please see me through on: October 16, 2020, 03:03:09 PM
No, your mind now is still same like before. If you on here only for discuss and exchange the idea, why you still use avatar & signature and promote a site? You can simply remove those and just discuss just like you said if you are not really into money on this forum.
This is sort of like saying; 'if you love what you do, then do it for free'. A painter or a web designer could have high passion for what they do and would likely do it (or at a point did it for free), this does not mean they have to show their passion by continually doing it for free. Same way some users on the forum are very interested in learning about the Bitcoin and other topics of interest, as well as engaging in discussions and if there is an option to earn while doing it, then why not? Signature campaigns becomes a problem if users saw it as a job, and forced themselves to reach a certain post quota, which they are not comfortable with, or to post in select boads which they are really not interested in. This for me is what seperates sig spammers from interested users.

I should add that changing your posting habit does not necessarily make a user net-negative to the forum, especially if you can maintain the quality of your discussions. Some of those users would turn down a lucrative offer if it means adversely hurting the forum, one example would be the yobit/cryptotalk campaign; they offered high pay for their campaign, but it was run in such a way to increase spam in the forum and many members passed on the offer.

P.S, To an extent lots of users here would reduce the rate at which they visit the forum if signatures are removed, but yet their current contribution is very valuable to the community.
3850  Bitcoin / Bitcoin Discussion / Re: Coinbase to Support Bitcoin Core Developers on: October 16, 2020, 07:51:43 AM
Who decides on significant code changes? Wondering what the criteria of that would be whether it would be over x amount of code changes, or a subjective decision from Coinbase.
The criteria may be based off the quality of the submissions they get. They are looking for at least two devs to support so the quality of the pool would decide how high the bar gets.

I'm wondering whether this will be split evenly between the different criteria, or if there will be more funds allocated to certain developers, and if this will all be as transparent as possible.
As I said above, they're looking to fund two projects, so it could be split between the two selected. I however could not find any indication at the specific amounts. At the bottom of the publication they hinted at their preference for year long projects, but they would also consider shorter ones, there was also a part about increasing the fund overtime, so it's unlikely there is any fixed figure and their contributions would depend on the feedback from the community.
3851  Bitcoin / Bitcoin Discussion / Coinbase to Support Bitcoin Core Developers on: October 15, 2020, 07:49:06 PM
Coinbase is looking to support two Bitcoin core developers with fund grants to support their projects;

Quote
As part of our Crypto Community Fund, Coinbase plans to sponsor at least two Bitcoin developers, who contribute directly to the Bitcoin Core codebase or closely associated Bitcoin projects. We are beginning our search for grant recipients starting today.

We believe helping to connect and grow the cryptoeconomy is essential to building an open financial system for the world. Our Crypto Community Fund aims to grow and improve the entire crypto industry, while making it simpler to use and more secure for everyone. If successful, we intend to expand the program to other types of projects and crypto communities.
I'm not a huge fan of centralized exchanges and Coinbase has been involved in some shady situations over the past years, but this is a good move and could increase interest in development, although I doubt Bitcoin devs are short of inspiration to work with.
Asides the selected projects getting fund grants, this could also be a good way to increase publicity for projects aimed at improving the network.

The grants covers some niche areas;
Quote
• Direct contributions to Bitcoin Core (e.g., improving testing, fuzzing, bug fixes, improvements)
• Significant code and/or Bitcoin Improvement Proposal (BIP) review
• Contributor tooling (e.g., bitcoinacks.com, which is open source)
• Bitcoin Core libraries and tools (e.g., libsecp256k1)
• Improvement to testing (e.g., fuzz testing, functional tests)
Source
However, in the Google form for applications, there is a space for More, so if a project doesn't fit the above descriptions it could still be submitted with details and has a chance of getting accepted.

Is there any other aspect of project development you would like to see on the list?
Are there devs you have in mind to nominate? Here is the Google form - https://docs.google.com/forms/d/e/1FAIpQLSetlLv4Il7GiX0gwzWPk1-j-8jXQPKBn-MZXZ-ThtjHcxS3Lg/viewform
3852  Other / Beginners & Help / Re: Promote constructive criticism when doing posts or replies, on: October 15, 2020, 04:53:16 PM
Constructive criticism is not always 'nice', a user can call the reply of another member a shit post for example, it sounds rude and upsetting, but it can be applied in certain situations and still be constructive based on the post being referenced. I personally prefer to reply as nicely as possible (although sometimes it's not always the case), but one cannot expect civility on the internet and should be prepared for negative comments, newbies would need to develop a tougher skin if they're going to join discussions on a public platform.
Gravitate towards posts and users who encourage you and filter through crude replies to pick out advise which could be useful.

I also know how much encouragement can go in making a newbie better, when I was still in that rank, I cherished virtual thump ups from other members, DdmrDdmr was one of the first members to merit me here and also to commend on the little progress I was making then, this spurred me on to try and contribute better and view the forum as a community which I was a part of.
3853  Economy / Economics / Re: China is looking to get rid of the US dollar on: October 15, 2020, 03:19:35 PM
I don't think China's monetary revolution will be successful because Huawei out of the 100 largest companies in the world has only 96. Hundreds of US companies have greater influence and much higher liquidity with the influence of a company from China.
Do you mean Huawei is the only Chinese company in top 100 global ranking and it sits at the 96th spot? If yes, then you should drop a source. Browsing through various websites which uses different metrics to rank companies, they all had Chinese firms in their lists occupying high positions;
Check • https://en.m.wikipedia.org/wiki/List_of_largest_companies_by_revenue
Forbes Global 2000

There is an obvious currency war going on between the top ranked fiats, and with China leading the charge into digital block chain currency (CBDCs) this would give them an edge (in the digital curve) over other nations yet to embrace digital assets, I however do not think it would make the Yuan the global reserve currency.
The system of government in China makes it unfavourable for businesses and with such a heavily controlled financial market, firms would be less willing to hold their funds in a blockchain Yuan, which would function exactly as the traditional fiat.
3854  Economy / Economics / Re: Can a new $2 trillion bill bring back the US economy to pre pandemic levels. on: October 15, 2020, 02:41:23 PM
Such a stimulus bill would be useful for businesses and individuals as it help to keep them afloat, but is a band aid solution which does not tackle the recurring problem.
Lockdown due to the virus has weakened the economy adversely, leading to decrease in production and loss of jobs, pumping trillions of dollars into the economy would stimulate spending, but would not improve production or increase employment except the Corona virus issue is tackled directly through a vaccine or herd immunity. Brookings institute is proposing a V-shaped recovery pattern as a result of cash injections, which I do not think is possible, especially with recurring waves of the pandemic spread.

It also begs the question of, where this funds are coming from. Most of this loans would be defaulted or forfeited by the banks, putting more strain on the money flow and further tipping the economy towards inflation. So even if there is an instant rebound in the economy, it would likely be a W-shaped pattern as the effects of excessive government interference in the market begins to reflect later on.
3855  Economy / Economics / Re: Bitcoin Holding in Companies on: October 14, 2020, 04:35:57 PM
Some say that Grayscale doesn't own any Bitcoin but that is for debate because they are Investment Trust, and their clients are buyers who own bitcoins.
It's not really much of a debate. Grayscale has cryptocurrencies under its AUM ~ Assets Under Management, this refers to the sum of an asset which a company manages on behalf of her clients, so Grayscale is sort of like a channel through which investors access cryptocurrencies.

Assets in holding would refer to total assets which the company invested in, using company's funds and this would be reflected in their balance sheets. So microstrategy is risking about $425 million in Bitcoin, while Grayscale is not really risking anything, so we can not classify those assets in their AUM as holdings of the company.
3856  Economy / Service Announcements / Re: Just launched CryptoSocialRank, a crypto community growth tracker on: October 14, 2020, 04:08:32 PM
This is a very 'out of the box' idea, a lot of investors gets influenced by social media hype, so having a tool which effectively tracks engagements on social platforms would be very useful. I also think it would be beneficial to track the buzz a project generates on different platforms, this would include discussions about that project using specific key words peculiar to it.

While browsing through, there seems to be a bug in the search feature, I'm currently using mobile and when I enter a keyword, the related project flashes below the search bar and dissapears, clicking on next on the keyboard or on the search icon does not do anything.

However, the real reason is that (I guess) you added the project  on Oct 12
Isn't this information visible by looking at the origin of the graph on the chart, since it starts from the day the website was first tracked and not from zero? It could however still be useful for reference.
3857  Other / Beginners & Help / Re: Is bitcoin just for investors on: October 14, 2020, 09:47:55 AM
people actually prefer using bitcoin sometimes.And In a minute it will either ho higher or lower, And it a problem sometimes the money doesn’t belongs to you,but you just want the transaction to be easier, not everybody knows how to monitor market or trade.
Volatility in Bitcoin, along with scalability issues limits its utility as a payment option. This does not however mean that Bitcoin can not be used for transactions, there are payment channels as well as BIPs aimed at improving how transactions work on the network, there are also outlets which already accepts Bitcoin as a payment option, so it is not only for investors or investing.

Bitcoin has various utilities, all of which interacts with each other. It can be used as a speculative asset, as well as a peer to peer payment currency, and the more speculative value it gains, the less people would be willing to use it in transactions. For example Bitcoin has been gaining bullish traction over the months since the halving and before that, with a lot of people expecting a bull run in the coming months, this anticipation reduces its use in daily transaction, as holders would rather hoard them for use at a later time.

I believe the evolution of Bitcoin would start of (as it has) as a speculative asset and a means of attaining financial freedom, it would then adapt to become more of a hedge fund and gain adoption as a daily medium of exchange.
3858  Economy / Reputation / Re: Coolcryptovator's telegram impersonator. on: October 13, 2020, 08:59:57 PM
I think it will not work, everyone is allowed to open account whatever username. Telegram wouldn't prevent them is there is no existing username.
This is a good point and no one has monopoly to a name, but unethical practices, like dubiously looking to make your name and account look like that of another as well as sending messages which imply such impersonation can create a very strong case to get a user restricted.

Have sent a message to @notoscam, but not yet getting responses. I will ask the community if I can report it successfully.
I have also been waiting for a reply to my message for about 24 hours now, could have been that the account is currently inactive, but the message was delivered already, so maybe not.
You could try the second option, emailing them with all relevant details. Refer to my previous reply for some of the requirements you would need to make a comprehensive complaint.

Use
Signed
Messages
This is the best safety practice regardless of where the communication was initiated, unfortunately many new members are not aware of how to sign a message, and also to verify one.
3859  Bitcoin / Bitcoin Discussion / Re: Government can seize company reserve Bitcoin? on: October 13, 2020, 05:15:33 PM
Is the government can seize or they have the right for those Bitcoins they bought? If ever there will be some serious violations on the low for any companies that owns Bitcoin as company reserve?
The first question has been answered already, and I agree with the other suggestions, legally it is possible to seize assets owned by a company, in such cases the company directors cannot hide behind plausible deniability, but can deny being in control of the bitcoins at that point, although this would need a lot of covering up as I guess the cold storage address would be recorded in their books even though they're not public.

On the second question, it would depend on the adoption of Bitcoin and the countries those companies are registered in. Although, the decentralized nature of Bitcoin gives such companies a lot of wiggle room.
3860  Other / Politics & Society / Re: EndSARs: The movement for police reformed as a result of police brutality in NiG on: October 13, 2020, 04:47:32 PM
I assume a lot of foreign observers would be wondering why protests are still going even though the IGP as well as the president have expressed interest at dissolving the agency, besides what the OP said about there being numerous such announcements in the past with no real action taken, the protest is not only about ending SARS, although that's the hashtag being trended. Nigerians are demanding the government;

• Release all detained protesters, unconditionally. The police assault protesters on ground and sometimes on camera, so we can only imagine what goes on behind a cell confinement,
• Justice for protesters who have been victims of police brutality and lost their lives in the process as well as compensation for their families. A lot of oil e brutality cases have been swept under the carpets over the years and in some cases, officers involved gets promoted,
• Complete Reformation of the police system which would include efficient training and evaluation of the officers charged with protecting the citizens as well as a body to check their excesses.
• We also want a raise in salaries of the police officers to create an enabling environment which would enable them better discharge their duties.
You can find the infographic of this demands using #5for5 on social media
Pages: « 1 ... 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] 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 ... 296 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!