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421  Other / Meta / Re: my collection of Bitcointalk factiods. on: February 21, 2024, 08:28:16 PM
Nice one Op  went through them and these are my answers to the questions.

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Does this also imply to offline backup. Whereby I am needed to always go check by backup seed phrase?
Backing up your wallet doesn't mean you have to re backup over and over again. All you have to do is make sure your keys are safe. You don't have to check your offline backups too frequently but still you have to check them at intervals.

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You need to read, this as music was used to differentiate between Hard fork and soft fork. It is purely satisfying to read if you understand music or song.
The Bitcoin system still remains decentralized however forks which are simply system upgrades can be done at intervals once at least 51% of the developers agree to it.

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I know that BTC is still in the beta software. I also know that it is not good to put all your money in BTC. But, will there ever be an upgrade from the beta version of BTC and when will this happen?
This is simply a caution phrase. Yes Bitcoin beyond doubt is the king of crypto but it still is a crypto currency so there is still a chance of failure only it is very small.

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It is not upto 20 years yet but what Satoshi said is already happening. What exactly did Satoshi say? He made a statement of two faces. If there is large transaction volume, Satoshi is right, if no volume, he is also right  Grin
For me I'll say Satoshi saw that what he created was a break through and believed in it's potential hence that quote.

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Thanks Satoshi, many thought it was a joke but you and the early developers who believed your idea achieved this.
Satoshi's definition of a third party free electronic cash system.

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Which is why re-using of an address is not encouraged. If you keep using one address for all your transactions, you are not enjoying the full value of bitcoin in terms of anonymity.
Creating more wallets for hodling means more keys to keep safe which can be challenging. You can Hodl your Bitcoins in one wallet and kill traces to that wallet through measures like mixing. Satoshi only meant there was no limitation to the number of addresses you control.

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So, miners are a way richer during this mempool congestion. No wonder it persisted.
Kind of.  The faster miners can compute block nonce and hashes the faster they can move to the next block meaning the faster they can earn rewards.

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I wasn't told this when I was a newbie. I had to type the address and even count the alpha-num manually to be very sure my BTC is not going to a wrong destination Angry
Copy and pasting is best. But beware of clipboard viruses

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If the network is as flexible as said above, why developers have misunderstanding leading to hard fork. Soft forking should have always been the solution for improvements
Flexible simply means the majority has to agree before a fork can take place.[ The users are in control]

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Theymos, is this the only criterion for being a moderator? I'll start my reporting job tomorrow  Cool
Hahaha this could just be Theymos way of making us help moderators with their job. Anyways it ain't that bad lol.

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True statement, but it should also be a concern that the centralized p2p is becoming more popular than the original p2p proposed by Satoshi.
Centralizing Bitcoin is almost impossible but not impossible  Smiley

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Too late to be a miner? Those guys are enjoying
Nahhh they aren't enjoying those were the days of the first few blocks. Managing  electrical cost ain't easy man. Like philipma1957 once said "miners are about to be in a whole lot of trouble in a few days " (halving).

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What does Gmaxwell mean by "physically impossible for others to access..." But bitcoin is not a physical currency or asset?
Bitcoin can't be stolen like physical cash everything has to be done electronically.

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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
The faster you solve a block hash the more difficult the next block becomes . This controls the rate at which new coins are generated.

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If we say "created out of thin air..." It looks as if the subsidy is not among the 21 million bitcoin in existence.
This refers to the new Bitcoins generated of every successive block. It is a reward for miners accompanied by transaction fees in the block.

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Now that I have a higher activity points to go to senior member but my merit points are lower, what should I do?
I'll consider this a rethorical question since you already know the answer.

Don't forget to keep your keys safe mate 😁
422  Other / Beginners & Help / Re: Withdrawing profits from Coinbase? on: February 21, 2024, 11:48:20 AM
Coinbase is a centralized exchange so they indirectly control the amount of fees you pay when you try moving your coins or swapping them to other altcoins or even fiat. The fees are most times high because of the charges they bill you when you move your coins. Plus most of these big exchanges have mining pools so they can use low fees to move the coins for you bill you a high fee and confirm the transaction on the network via their nodes. And since they are in control of the coins you can't alter any of these strategies.

Now withdrawing profits from your Bitcoins this early already classes you as a short term holder. Now let's say for example you had about 0.1 Bitcoins before this recent price increase . 0.1 Bitcoin before the recent value increase was worth about 4000-4200 in dollars. Now following the current increase in price of Bitcoin, you should have about 5000 -5100 in dollars which is a profit of about $1000. If you should compare this to someone who had that same amount of Bitcoins about a few years back when Bitcoin was about $22k he would have made a profit of over $2800.

When it comes to Bitcoin, long term hodling is more profitable compared to hodling for short term except you are of course a whale  Huh

PS ; If you wish to hodl some Bitcoins please do well to avoid using an exchange because the have total control of your assets.
If you wish to hodl set up a cold wallet and keep your keys safe mate.
423  Other / Meta / Re: Save your nice merit records here - LAST UPDATE: 12/07/2023 on: February 20, 2024, 09:32:23 PM
A big congratulations to Cryptovator. This is not very common for a legendary reputable member like him as I have hardly come across one and when I found this i thought it was definitely worth capturing. he was actually able to achieve his merit points equal to his activity points. Both Merit and activity points of 2156. Nice one I must say I hope to see something similar sooner than I expect. Grin  Grin



424  Bitcoin / Electrum / Re: show amount of the transaction in other currency (than BTC) before sending on: February 20, 2024, 03:10:12 PM
Yes simply toggle to preference settings and change your default fiat currency to the one you want follow this guide.





425  Economy / Services / Re: [OPEN] MetaWin.com Signature Campaign | The First WEB3 Casino | Sr Member+ on: February 19, 2024, 06:42:37 PM
Rank- Sr member
Segwit BTC address- bc1qlrk587d0mmgvaefdcyqn0yqprhnpne42w20d72
426  Other / Beginners & Help / Re: Don't trust your old wallet of when u had no Crypto knowledge on: February 19, 2024, 02:27:40 PM
Do you know that the advantage of Linux went down to the drain after it was discovered that almost all distros with Secure Boot support contain a vulnerability that allows remote code execution.

Therefore, I am convinced that singing the praises of any operating system is a lost cause. As we  say here, “for every bolt there is a nut.”

Wallet must rely on air-gapped machine rather than OS.

Thanks Op for the heads up.

Anyways  I was not saying that I fully trust the LINUX Os, but my point is it is a better option than windows. Like for example if I was to setup an air gapped wallet I would definitely not make use of windows.

No wallet or OS is totally safe but the point is there are always better alternatives and options. If you come to think of it cold wallets are safe from the internet but are not totally safe from burglary and other physical thefts.
427  Other / Meta / Re: Why suddenly Cloudflare Human Verification is Coming Up? on: February 19, 2024, 02:22:07 PM
It is not like that for everyone. It depends on the kind of browser and VPN you are using. The more private your connection is the more captchas you may likely solve.
I am seeing it on three different browsers and only Duckduckgo is a bit private, the other two browsers are not.

I have experienced that sometimes too and from my experience I think it mostly happens when the forum traffic is way high. But sometimes the strength of our internet connection can also be a contributing factor.
428  Other / Meta / Re: Why suddenly Cloudflare Human Verification is Coming Up? on: February 19, 2024, 02:13:49 PM
It is not like that for everyone. It depends on the kind of browser and VPN you are using. The more private your connection is the more captchas you may likely solve.
You can try using
If you have persistent difficulties with the CAPTCHA, go here after logging in. to bypass the captcha but be careful as that link can be used to brute force your login because captchas help slow down brute forcing process since they have to be solved manually.

As for screen verification when you try accessing some pages especially when you click ALL it happens when the forum traffic is high.
The last DDoS attack was on BPIP so an Enter button was added to first be clicked before being able to access BPIP.
429  Bitcoin / Hardware wallets / Re: trezor + metamask on: February 19, 2024, 08:58:37 AM
Firstly meta mask is not a safe wallet will advice you to kindly sweep your funds from both of them.
You can move the eth to a new mycelium wallet mycelium supports eth and Bitcoin.
430  Other / Beginners & Help / Re: Don't trust your old wallet of when u had no Crypto knowledge on: February 19, 2024, 07:29:14 AM
This is one of the best advices I've seen today. During my newbie journey before I joined this forum I knew little about how privacy works and how to even manage it. However as I spent more time I began to get the bigger picture.
Using old wallets you used when you were less aware of your privacy for storing your Bitcoin hodlings is a very wrong move. because unknowingly to you, you may have been exposed to some phishing attempts in the past or already have your computer being monitored by some hacker via a malware without your knowledge.

Now when I got to understand these things I knew the best idea was to start afresh. I did this by formatting my computers removing the pre installed windows and installing a more open source software (LINUX). Doing all these helped keep me safe from hacks and phishing malwares.

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Having your wallets passwords in gaining access to your wallet is the ultimate of ownership of your wallet
As for this, the ultimate ownership of a wallet is in the seed phrase and master private key. Passwords are only used in wallets like Electrum to encrypt the file hodling the seed phrase and private keys.
431  Economy / Gambling discussion / Re: Investment in gambling on: February 18, 2024, 03:42:38 PM
Gambling with ponzi Is not gambling Is Just taking a stupid risk. Since these are sites designed to scam people.

Moreover I don't know if we can really talk about an investment with figures like that.
if you had to consider withdrawal, deposit and management costs you would practically have nothing left in your pocket
Ponzi schemes should never be classified as gambling because they have parallel motives. A lot of Ponzi schemes are just layout plans to scam people who are either not smart enough or are too greedy. Gambling on the other hand is actually a fun activity that has some added financial gains however it's unfortunate that many persons gamble not because of the fun activity but because of the added financial benefits.
The idea behind a true gamblers motive is to have some fun and hopefully make some extra money along side as he stakes. However someone in a Ponzi scheme setting is not trying to have fun but works totally with the motive of his personal gain in mind. Which is why they end up as scam victims in the end.
432  Economy / Gambling discussion / Re: Do you gamble because you don't have sufficient money? on: February 18, 2024, 03:32:10 PM
Maybe just look at the number of people buying lottery tickets all over the world. That just shows you how many are hoping to hit the jackpot because they are not earning enough. Rich people gambling on casinos can be doing it simply for entertainment or just addicted as your friend said. There's really no argument here.

That is where a lot of people get it wrong. The idea that gambling is a get rich quick scheme or an avenue to make more money is a wrong idea which actually makes them deviate from a healthy gambling practice to a very poor gambling practice just because their aim is to make more money from it. The more they tend to take gambling activities too serious and spend too much time on staking and other gambling activities they begin to slip in more important aspects of their lives.
In some cases the situation can be soo bad that they eventually become gambling addicts. It is also important to note that gambling responsibly doesn't actually depend on the financial status of the person but rather the level of personal discipline the person has attained.
433  Other / Off-topic / Re: Keeping your gambling habit a secret. on: February 18, 2024, 03:23:26 PM
Arguably, the idea that someone should keep his gambling activities a secret is actually wrong. Now for a core gambler gambling is seen as a normal fun activity or a normal leisure activity and therefore they will definitely be of the opinion that there is no need to keep it hidden. Logically it sounds right. Gambling is supposed to be a totally fun activity however unfortunately most people no longer see it as a fun act because of the added financial gain.
If a family member should end up finding out that you're a gambler and you've been hiding it they will feel very bad. Sometimes not even because it was gambling but because of the fact you hid something from them. It could even lead to worse if they see gambling as a wrong act.
434  Economy / Games and rounds / Re: 🃏JacksClub: ROUND 10 - BTC PRICE PREDICTION CONTEST $150 in BTC 🚀 on: February 18, 2024, 03:03:08 PM
JacksClub username; Mia1
Prediction ; $52,290.08
435  Economy / Games and rounds / Re: 🔥 BC.Game | Man United - Fulham ⚽ 24 February (WIN $50) on: February 17, 2024, 06:40:19 PM
BC.Game User ID: 29607849
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436  Other / Off-topic / Re: Before you start gambling, do some research first on: February 17, 2024, 06:30:26 PM
Before diving into anything new, it's wise to take a step back and conduct some research. This preliminary investigation helps us gain a clear understanding of what we're getting ourselves into, thereby minimizing the risk of failure and the potential for addiction, especially in the realm of gambling.

Observing the situation, it appears that he hasn't yet developed a severe addiction, leaving room for intervention and support before the situation worsens. It's unwise for individuals to exhaust their entire income on gambling, leaving insufficient funds for essential family expenses. Making prudent decisions regarding gambling is essential to avoid such predicaments affecting our friends.

If you're looking to provide assistance, a consistent reminder of the potential losses associated with excessive gambling can serve as a helpful intervention strategy. By emphasizing the negative consequences of depleting finances through gambling, we can encourage more responsible behavior and discourage harmful habits.
437  Economy / Gambling discussion / Re: Gambling and Behavioral Change!!! on: February 17, 2024, 02:24:09 PM
There are a lot of activities that could cause behavioral change in people however gambling should not be a part of it. Aside from the fact that gambling activities have both some financial Gains when we win and financial loss when we lose, it is is supposed to be a fun activity. Since gambling activities can be classified as fun activities, then logically it is not supposed to have negative behavioral effects on the gambler.
When a gambler tends to get certain negative changes in his characters, it is often a result of improper placement of priorities or due to the fact that he is actually abusing gambling by carrying out unhealthy gambling practices. Adults should be smart enough to know how to manage their gambling rate and activities.
438  Economy / Gambling discussion / Re: If a addict lives within, which method would you choose to help them on: February 17, 2024, 10:05:46 AM
Do you think that giving money and talking with gambling addict will be more useful? If someone ill we call doctor and the treatment mostly at least unpleasant but we have to suffer a bit to get result and become healthy. Why do think that such way is ineffective? The same decision for the same problems.

Going hard on a gambling addict will only make things worse. This is where a whole lot of people get it wrong. If you isolate yourself from an addict that loves you they will be hurt more and sometimes become idle which can even make them become more inclined in wrong gambling activities and practices. Yes it is easier to abandon them than help them but if we really love someone that is caught up in addiction we will definitely find a way to help them out of it.
And of course helping them out by talking to them and Expressing the hurt they cause you is difficult but it is worth helping them also out of an Addiction.
439  Economy / Exchanges / Re: Has anyone used the 'Bitgamo' platform for cashing out BTC without KYC? on: February 16, 2024, 09:36:42 PM


This is a scam website. I checked it up with about  3 trusted tools and the ratings a far low., website was created about six months ago plus the traffic is way low.
Besides Why do you even need to transfer Bitcoins to some sort of exchange you are skeptical about?
I kindly suggest that if you want to convert your BTC to cash you can easily do a simple P2P exchange with members of the forum. Or you could use a popular exchange like binance though you will have to do a KYC.
If you really want to keep your privacy I suggest you do a P2P with a forum member or use a local exchange.
440  Economy / Gambling discussion / Re: When I'm emotional, I LOSS! on: February 16, 2024, 09:26:40 PM
We are just human beings and its normal that we would really be having those emotions.It is really just that there are people who could really be able to make such control and there
are ones who are really that impulsive or to those people who do really have those kind of actions on which it isnt really that new anymore. They would really be making out such reactions
just because the results or outcomes didnt really be able to meet up into their expectations. This is why it would really be that best that you should really be having that  control
if you dont like to mess up. Always make use of the amount on which you could afford to lose, because if not then this would bring up those kind of worries that
you had already spending up tons.
Of course humans are sometimes impaired by their emotions and besides it's what makes us human. However when it comes to gambling activities, we should try as much as possible to anull the need or scenario of making wrong decisions because of emotional tension or stress.
As a gambler your ability to arrange you priorities matter a lot because it helps gamblers control their gambling rate to avoid things like over staking because you are happy  or because you lost and want to get your post funds back. A gambler should not allow emotions make him become an addict.
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