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4061  Economy / Economics / Re: Fidelity President Files For New Bitcoin Fund on: August 27, 2020, 01:09:58 PM
can we say that 2017 was a year in which large institutions like Fidelity began to take Bitcoin more seriously, but it took them several years to decide on more serious moves?
You could sum it up that way. Introducing a fund would mean exposing it to their investors and they would need to do a lot of research on it as well as work out the technical and legal procedures inorder to arrive at the finished product. During that time they and their investors could have personally been heavily invested in bitcoin.

@fillipone, this is another bullish news and when you put it together the way you have, it shows a pattern of interest from the institutional sector, a few years ago, institutional money coming into Bitcoin was only discussed as a possibility. Bull run imminent?
4062  Other / Archival / Re: Some thoughts on the Trust system and Scams on: August 26, 2020, 06:28:56 PM
From a newbie perspective, I have no idea what that even means. And I believe that I am not the only one...
Trust list is your personal view of the trust system. Imo, trust feedbacks are suggestions from others on who is trustworthy or rational and who isn't. With your custom trust list, you choose whose opinion is shown to you and whose isn't, based on your assessment of the member's judgement
Overview:
Go to your trust settings
To add a member to your trust list, enter their name into the box shown. Their feedback would be visible to you.
To exclude a member, enter their name with the prefix ~. For example, ~qwerty. Their feedback would not be visible to you.

If you do not have a trust list, you would only see feedback from DT - default trust members.
4063  Economy / Economics / Re: Monkeys: Don't do trend analysis! (with poll) on: August 26, 2020, 03:03:41 PM
But how about if we do random in top-100 crypto, assumed the top-100 is more legit than the rest?
Market capitalization is not a reliable metric with which to verify the legitimacy of a currency. The top 100 is just one of many indicators of which has a reliable project, and it's a very broad list which could contain fake/shilled projects. More cherry picking would need to be done to come up with an ideal list from which to select randomly from.
There are also stable coins on that list, and they do not pass as an ideal investment option.
4064  Bitcoin / Bitcoin Discussion / Re: Millionaires: % of BTC Owned by 100 BTC and above. Achieving BTC Millionaire! on: August 26, 2020, 02:34:29 PM
What if they hold more than 100 BTC in the wallet but lost the private keys or the seed phrase? Are they also considered bitcoin Millionaires?
That will be an unfortunate situation, but it is the responsibility that comes with being your own bank; Not your private keys, not your coins.
If you had a safe (as impenetrable as the Bitcoin network), containing a million USD and you don't know the combination to it, you can not claim to be a millionaire. Without the private keys/seed phrase anyone could claim ownership of any address.
4065  Bitcoin / Bitcoin Discussion / Re: Millionaires: % of BTC Owned by 100 BTC and above. Achieveing Millionaire! on: August 25, 2020, 07:35:29 PM

Are you one of the lucky ones with more than 100 BTC in a HODL/HOARD BTC wallet?

I doubt anyone would reveal exactly how much Bitcoin they own, the forum may be privacy centered but it's possible one may have left clues of real Identity on the internet, and it would be an unnecessary flex to prove to be among the top x%.

Also, I don't consider the owners of those addresses lucky, they either are rich through their effort and converted some of their cash to bitcoin, or they took the risk of buying Bitcoin at the bottom and hodled their stash.
Some of it could also be exchange addresses.
4066  Economy / Economics / Re: Monkeys: Don't do trend analysis! (with poll) on: August 25, 2020, 12:59:49 PM
Okay, the above examples are for stocks, but it should be somewhat applicable to the cryptocurrency market. What do you think?
The process of creating a stock and a cryptocurrency are quite different, so even if this thesis works in stocks, it may not in cryptocurrency. Stocks are created from existing businesses which wants to raise funds by inviting shareholders (private or public), there are legal processes and they need to have a working product. Cryptocurrencies can be created by literally anyone with coding skills, without any product behind it or legal barrier to ensure it's not a scam. If you were to randomly pick out a cryptocurrency from a tracking website, you would more times than not select one with no utility; losing out in the long run.
4067  Other / Meta / Re: Help to Unlock Account!! on: August 25, 2020, 05:20:32 AM
It's about time that you're banned from using the forum bit is removed from the notification for locked profiles. It's quite ambiguous, a newbie who doesn't understand much about the forum or who isn't fluent in English could easily mistake it for a perma ban and if they do not appeal, they lose their account.
4068  Economy / Currency exchange / Re: Brainboss Currency Exchange Service {BTC/NGN Altcoins/NGN} NGN = Nigerian Naira on: August 24, 2020, 07:57:52 PM
Cryptocurrency: Bitcoin
Dollar amount: $60
Bank Name: Guarantee Trust Bank
Account Name: **sent**
Account Number: **sent**

Edit: txid - 10d4cf6a5efad96c087de1818f471612dd9c6d6bbbc5aba1a39d810cd5d3b253

Edit: Funds has been received, as usual, it's a pleasure.
4069  Other / Meta / Re: All blame to bounty hunters. on: August 24, 2020, 06:21:06 PM
Since newbie have been limited to using signature, I dont think your suggestion is right. Signature can only be used by junior member (at a minimum) and if you pay attention it will also show that not many junior member are interested in using signature because the pay is too low.
By newbies, I meant new members to the forum. The threshold to become a Jr. member is 1 merit and copper membership fee to get member privileges, such members is still technically new to the forum regardless of their rank. (I still consider myself a newbie in many aspects of Bitcoin)
To the other point, I think many newbies are interested in wearing signatures, but the opportunities available for Jr. Member/Member rank are low, we still have a huge number of them in ICO bounties though.
4070  Other / Meta / Re: How many RTL (right to left) board in bitcointalk? on: August 24, 2020, 01:59:15 PM
Arabic language is written from right to left, that's why posts there are expressed in that format. The overall board layout in that section still appears as other boards. Afaik, if you write in English in the Arabic board, it would appear from left to right.
A few other languages are written RTL, not sure if they have local sections on the forum.
4071  Other / Meta / Re: All blame to bounty hunters. on: August 24, 2020, 01:16:18 PM
@OP, I glanced through the first page of your post history, and your replies are not too bad, it could of course be better, but doesn't everyone have space for improvement? I'll recommend you put more effort into your posts.
There's no barrier to your growth on the forum as long as you put in effort to be net positive, neither is there any agenda against bounty hunters. Anyone who spams the forum, would likely get their posts reported or get them ignored if they do so recurrently, regardless of whether or not they wear a paid signature. Extreme cases should result in a ban.

Joining a signature campaign is okay and allowed by the forum, I would however advise newbies not to join one too early, as it puts pressure on you to post x numbers of post every week, and allows you little time to read and learn, this results in spam, reason why spam is associated with bounty hunting.

Post naturally on the forum, and if you must, join campaigns that allows you to do that with little or no pressure.
4072  Economy / Reputation / Re: Bitcointalk Account seller on: August 24, 2020, 05:10:31 AM
we need to contact his social media to confirm if he's want to sell account. Anyone can post like that and using someone social media, this is why we need to confirm.

That was some honest effort put in by @coolcryptovator, but as suggested in that thread, users should not make it a habit of messaging members off the forum in search of evidence. This could easily turn into a circle of accusations as we had here.

Screenshots from telegram are not really worth much and you would need to provide proof by getting the suspected seller to message you from the account profile on bitcointalk, this PM would also need to be verified by mods or some high ranking member; Mods would hardly intervene in these cases especially when it involves private messages, the latter would require you giving up your details and then changing them, some users may not be comfortable with that.

There would also be the possibility of you getting involved in a triangle, where a user is communicating with two profiles in sync, and requests one to send a message to the other which they claim to own. Of course no one would send "I am selling my account...", But a more benign message such as "I messaged you on telegram *inserts screenshot*" could pass undetected.
You also risk getting yoursl social handles reported by the suspected seller.

My conclusion, that is too much trouble to go through to fish out sales and it's a pain to verify for other members.
4073  Bitcoin / Electrum / Re: Electrum. Transaction stuck in the pipe? on: August 23, 2020, 05:35:57 PM
These "double spend" and "low fee" warnings are causing me concern about the idea of trying to send the second transaction again. I don't want my money to be stuck in some kind of void of never completed transactions. As I didn't get to see the transaction fee, what if this was Zero!?
There is no such void, transactions go to the mempool when broadcasted before it is added to a block. It would remain here for approximately two weeks before it is dropped, if not picked up for confirmation, after which it returns to your wallet, although it technically never left.
So long as the address you entered initially was correct, you can try again and ensure you click on pay to sign the transaction.

Toward the bottom of the main post there is a small Electrum section. The last para says:
To increase the fee of a transaction that uses Opt-In RBF, right click the transaction in the history list and choose the "Increase Fee" option.

... This is where I am certain that I can't see the second transaction, not in History anyway.  I can see what looks like the first one though.
If it's not in your history, then it wasn't sent. You can confirm by checking your address on a block explorer (like blockchair) to see all recent transactions. Electrum allows you to bump transactions after broadcasting, if the fee set turned out to be too low, but you need to have set the bump option before signing the transaction.
4074  Other / Meta / Re: Merit count on: August 23, 2020, 05:06:04 PM
I think what is more important is the merit value, I mean the user who gave it to you means a lot. Quantity over quality.
Imo, all merits earned have the same value. Sure, some users are more tech/politically/economically... savvy than others, and it would be more difficult to impress them, but for anyone to merit your post naturally (i.e without any incentive) then they found your contribution helpful and that is a net positive for the forum, whether they are a newbie, or a woke up account.

Getting merits from certain members is dependent on what interests them, you could be very active in the altcoins section for example, a board which most members ignore due to the high level of spam, so getting merits from certain profiles there is impossible, regardless of whether or not your contributions are helpful, but it's still commendable when you get them from others.
I will rate getting merits in certain boards where they're hard to come by, over getting them from select profiles, but that's just me.
4075  Bitcoin / Development & Technical Discussion / Re: Bitcoin Empty Blocks on: August 23, 2020, 07:35:11 AM
That's the other puzzling thing, how is it possible that a block could be successfully mined within seconds when it should take on average 10 minutes?
This is an average time range, it could be faster or slower depending on some factors such as the one given by @ranochigo; luck, cause finding a hash is based on randomness. The difficulty level is adjusted approximately every 2 weeks or 2016 blocks to maintain the average block time of 10 minutes.
4076  Economy / Economics / Re: Your economic outlook and your life for 2021 poll on: August 23, 2020, 07:20:20 AM
Yes, situation with small business is really hard but i believe in fas recovery. At least, stock market looks really optimistic
The stock market does not mirror the economic situation in any country, it's just one of the elements. Stock prices are speculations on select large establishments, the economy encompasses large firms as well as SMEs, both sectors which are quite disjointed and do not operate under the same conditions.
Also, stocks are up, cause sentiments are bullish, it could change at anytime and the bubble would burst.
4077  Economy / Economics / Re: The number of jobless people has crossed one million in US - worrying sign? on: August 23, 2020, 06:45:45 AM
The fall in unemployment levels some weeks ago was due to the premature easing of lockdown, this meant businesses could open back up and staffs could return to work, but the numbers of infected people kept rising and businesses were forced to shut down, meaning the jobs regained were again lost. It was a band-aid strategy to cover the situation and not a solution to tackle the current economic crisis.

A V-shaped economic recovery is unlikely. The pandemic was handled poorly by the U.S government, and as the numbers keep rising, more businesses would close up, less money would circulate, more money would be printed to stimulate spending, inflation rises and the economy keeps contracting; The recovery time would take much longer, even if an effective vaccine was eventually discovered, probably U-Shaped, with a wide base line.
4078  Economy / Economics / Re: [Updated] Rising tensions and effect on global trade on: August 23, 2020, 05:03:24 AM
There seems to be no end to this situation, on Aug 6th, the U.S issued a 45 day ultimatum for Chinese companies; bytedance and Tencent to divest their operations within the country and destroy all data they possess on American citizens, about a week later the ultimatum was extended to 90 days, probably to allow enough time for the transition process as Microsoft and Oracle had expressed interest in purchasing the U.S operations of tiktok.

This weekend, Bytedance are reportedly planning to challenge the executive order;
TikTok's legal challenge pertains to an earlier executive order, which Trump issued on Aug. 6, the sources said. That order directed the Secretary of Commerce to come up with a list of transactions involving ByteDance and its holdings that should be banned after 45 days.

TikTok plans to argue that the Aug. 6 executive order's reliance on the International Emergency Economic Powers Act deprives it of due process, according to the sources. TikTok will also contest its classification by the White House as a national security threat, the sources added.

This legal step is most likely an attempt to improve their bargaining position as negotiations continue. It would not stop the process of then divesting their operations within the country.
4079  Economy / Economics / Re: Some are hungry, some are losing their homes - some are doubling their wealth on: August 22, 2020, 07:24:10 PM
The question boils down to whether you believe in truly free markets or not.  If you do, then the above situation is an unfortunate (but acceptable) consequence of free market capitalism.  
It is partly a reflection of the free market. Bezos began in a garage when he chose to make the move from the white collar position to venture into the uncertainties of entrepreneurship, his risk paid off and out of that garage he was able to build Amazon. This is typical of the stories of a couple of other people on the rich list, some of them may have had certain privileges which streamlined their journey, but that does not go against a free economy.
I however said it's partly a reflection cause tech giants (as well as other businesses with monopoly over a certain sector) have certain advantages over smaller enterprises by virtue of their influence over the market, and with the anti trust inquiries we have had, they usually get away with just a slap on the wrist each time it's investigated.

IMO the focus shouldn't be on the wealthy right now.  It should be on the government and how they're spending their money and what they're doing to fix all these problems we're having.
True, social classes would always exist with an uneven distribution of wealth, that's not the fault of the people higher up the ladder. It's the job of the government to provide opportunities for the masses and build a system that is conducive for innovation and job creation.
4080  Economy / Reputation / Re: Merits offered as a prize on: August 22, 2020, 04:02:42 PM
So basically if you put in effort you get awarded however there are times when they are given away randomly sometimes. Someone writes a small sentence and its actually meritted. Very puzzling.
It all depends on the context and the point of view of the one who is awarding them. A sentence can be short, but helpful to those reading it.
A reply could also give a good laugh to a couple of members and rather than dropping an off topic reply like 'LOL' or '+1', which will likely get deleted, they use a merit to recognize the post, which was not technically helpful to most other readers.
Users also merit posts they do not agree with.

A bulk of merit transactions is based off quality that is visible to most, so a little personal indulgence once in a while is not really a problem.
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