What a place to be their as I was looking for some information and just got clicked in this thread and realized it is answering some of the basic question as well for the people who are into bitcoin along with the points too. Well I came into this crytpo as my friend had introduced me the bitcoin last year and after researching then started to invest in it as I started seeing a huge scope this coin has and also today we have all the other crypto coins is due to the bitcoin. Through this tough time btc has gone through in last couple of months where the market crashed but I stayed strong by holding my coins and today seeing the market started to rise always feel that staying invested does pay you and bitcoin will definitely reward you much bigger in coming time. It is going to take me sometime to rank up but will be a worthy one for sure to start with this thread.  https://bitcointalk.org/index.php?action=profile;u=1089505;sa=showPostsYour posts are adequate but could probably improve. That is most likely because English isn’t your native language. You don’t post in a local sub so I can’t tell where your from. You seem very morally centered and honest. You try to help people when you can. You spend much of your time in gambling discussions. I like to gamble too. Probably a little too much for my own good. I have one question for you. If you don’t mind me asking, what country are you from? I ask because you posted that sometimes your village loses electricity and internet for long periods. I am from India though currently in urban areas so it is a better place where you have electricity and everything but still in our areas where I belong which is rural area of the country do face the electricity cuts and as a result Internet goes off. Yes English is not my native language but I still keep on practicing it so that it improves and become more better. I think your English is doing fine. 20 merit points awarded. |
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I'm not applying because I don't really care about becoming a Hero. If I was I would have been more consistently active over the last 5 years. I just wanted to say good on you for recognising it's the higher up members that just missed out on ranking up that it hurts the most. From having a few days or weeks to suddenly looking at probably years to get 250 or 500 more merits.
You should apply. You are definitely in the zone. It’s not that I don’t appreciate what the administration is trying to do and I don’t have a better solution to the problem. I just see it being unfair to some people. Maybe if a mod could do what I’m doing and review some cases they could award merit on those people that deserve it. They would be more fair of course, giving to all equally and not just bitcoiners. I like what you are doing. I won't be able to get none because most of my history is in altcoins, but thanks I going to start to participate in the bitcoin forum. I did start studying about the blockchain such as the concept and the code. I manage to understand how to make private and public keys, public key hashes and etc., but when I got to transaction I got loss. I might look up some youtube videos on this. Anyway keep up the good work and I hope other senior or legendary member start doing this. Thank you for the kind words and support. I really hope others start doing this too. |
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What a place to be their as I was looking for some information and just got clicked in this thread and realized it is answering some of the basic question as well for the people who are into bitcoin along with the points too. Well I came into this crytpo as my friend had introduced me the bitcoin last year and after researching then started to invest in it as I started seeing a huge scope this coin has and also today we have all the other crypto coins is due to the bitcoin. Through this tough time btc has gone through in last couple of months where the market crashed but I stayed strong by holding my coins and today seeing the market started to rise always feel that staying invested does pay you and bitcoin will definitely reward you much bigger in coming time. It is going to take me sometime to rank up but will be a worthy one for sure to start with this thread. https://bitcointalk.org/index.php?action=profile;u=1089505;sa=showPostsYour posts are adequate but could probably improve. That is most likely because English isn’t your native language. You don’t post in a local sub so I can’t tell where your from. You seem very morally centered and honest. You try to help people when you can. You spend much of your time in gambling discussions. I like to gamble too. Probably a little too much for my own good. I have one question for you. If you don’t mind me asking, what country are you from? I ask because you posted that sometimes your village loses electricity and internet for long periods. |
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It’s likely you haven’t received more merit because those posts are older.
Well, I do to comment on new post, I just think people feel reluctant to give merit or probably not used to it. If you want to learn more then read more about it and start a discussion based on your newly acquired knowledge (also a good way to get merit).
I will try to put this into practice to see how it goes. Thanks. Here’s a question based on your history. Why is bitcoin decentralized?
Been that we are in an economy whereby how we spend or what we do with our money is been monitored by a central authority, Satoshi Nakamoto decided to create an electronic currency whereby, you own and keep your money without the involvement of a third party thus spending your money is an electronic transaction soley between the sender and the receiver. Though, all transaction on blockchain are visible. Correct me if I'm wrong. You’re right. There used to be a bitcoiner here named JoelKatz. He was a very knowledgeable bitcoin supporter and left here to become Chief Cryptographer at Ripple, the company behind the Ripple settlement network. He said it best: Bitcoin has no central control: no central repository of information, no central management, and, crucially, no central point of failure. Most of the actual services and businesses built within the Bitcoin ecosystem are centralized. They are run by specific people, in specific locations, with specific computer systems. That does not make bitcoin centralized. 20 merit points awarded |
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That post from mprep is a classic. The thread is just ridiculous and mprep responds, “Man, I think I'm in the weird part of the forum again. How do I end up in these places?” ROFL
Your posts are better than average. When you're confused and don’t understand something you keep asking questions until you figure it out. You came here for the bounties but really participate in discussions. Campaign managers are getting their money’s worth out of you. You’re going to need to spend more time here and post regularly to rank up but you understand that. Because you’ve only been here 6-7 months, I’m going to split the difference with you. 10 merit points awarded.
I liked your OP, Thoughts on supporting SegWit/ LN and not Big-Blocks. It shows a lot of effort and forethought.
Thanks QA for the response and merit. You're right that I stumbled here for the bounties but then stayed for the real content. I have been working a normal job for sometime now and always wanted to go back to technology and learning. This made it exciting for me when I saw that the original people here were mainly the technologist and academic types. Being on the forum and seeing people freely share knowledge as well as build things was inspirational. I am one of those guys who get enrolled in almost all the buzzword courses at coursera. Big Data, Machine Learning, Python, you name it. LOL. Unfortunately, I have chiefly been a procrastinator and its embarrassing. I spoke to nullius once and it was really cool to have him thoughtfully respond to a complete stranger. He gave some great tips but the self-confessed lazy-ass/ slow learner that I have become, i haven't gotten around to doing much from it. (Shout-out to nullius.). Overall, I have found this forum to be a great place to learn and interact if you aren't completely focused on only the monetary aspect of it. For a typical newbie, there is so much to explore than remaining stuck in the spam campaigns. And yeah, everybody wants to earn but it should be done in a non-spammy way. That way, one can push himself/ herself to be worthy of the reward. One must also realize that just because there are spammers here doesn't mean that you have to outdo them by becoming a spammer yourself. Like Dumbledore said, "Dark times lie ahead of us and there will be a time when we must choose between what is easy and what is right" I have shared this experience for any Newbie/Jr. Member/Members scouring these posts. The people who have made this a place only for earning with 10 simultaneous bounties with 20 different accounts deserve to remain where the merit system keeps them. (I do wonder how some of them manage to have 5000 FB friends and 1000 Audited twitter followers). If you have been here for around 6 months like me, your motto should be: Come for the money alright but stay for the knowledge! Come for the alts probably but stay for Bitcoin!! Bitcoin is so much more than a way to earn money. Thanks for the overview. You definitely have the right outlook. I can predict right now that you’re not going to have a problem ranking up. You’re going to be a great addition to the forum. Cheers |
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My question is, are these Governments even going to let Bitcoins and crypto survive?
They are cracking down on it by saying that it is illegal to trade things such as Bitcoins as it is a support to terrorism and money-laundering.
They are not understanding why it was created, but are coming up with baseless assumptions and even hurting people who are paying taxes too to these money-hungry people.
We are currently in the jeopardy of getting cryptocurrencies banned everywhere as if more and more countries join the list, the countries which are supporting it may also choose the same alternative.
Governments that exist by oppressing their people (like the United States and China) will have more restrictive laws than countries that are free. That’s just the way it is. |
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I see many buyers will come into action if it drops more today and tomorrow. It's all volume based and supply and demand theory. I will wait and see for more how much percent its going to drop today and tomorrow and then I will lock the buy positions based on the observations. I m waiting eagerly to get into some nice position to repair profits in the long run and I m not in hurry.
That is what people said when it dropped to 15000. Then they saw the dip to 12000 as a good buying opportunity. Then people like you said to buy at 10000 because that was cheap. Then people like you in here said to buy at 8000 to be prepared for the upturn. Now you say the same at 6000..... Go ahead, throw you money away chasing a dream to get-rich-quick. Reality is that the party is over. For me, Its not actually a scheme to get rich quick. The blockchain technology is somethingvery nice to keep one going with the crypto currency or bitcoin. Okay, as at 3-4 years back, the price of bitcoin has not planned of gaining heights to $6000, now it is dropping down from $17000 to $6000, does not mean it can't get back and above its initial price. Everyone knows well that bitcoin is always on a rollercoaster ride, today might be good, and in the next hour it is bad. Lets just wait for a good rebounce towards the end of the month. Blockchain technology is nothing more than a secure distributed “networked” database. Databases hold records. In the case of bitcoin, it holds distributed transaction records. There are four types of blockchain networked databases, industry level, private, semi-private and permissionless (public). Bitcoin’s blockchain is a permissionless networked database with the sole function of permanently storing bitcoin transaction data. Because it’s permissionless or public anyone can read it, send transactions to it, or participate in the storage and validation of it. The btc/usd exchange rate is only peripherally connected to the bitcoin network. Bitcoin operates exactly the same regardless of what its exchange rate is currently. The exchange rate is controlled by people buying, selling, scamming, stealing, cheating, trading inside info, back room exchanging, hoarding, dumping, and all of the other things associated with every other human controlled market on the planet. You’re right about one thing. Everything on earth goes up over time. Bitcoin is no different. When my grandfather was born a loaf of bread was $0.05 and sugar was $0.04 a pound. The last loaf of bread I bought I paid $5 for it and sugar is $1 a pound. That took 100 years to happen. Speculators love bitcoin because they can make the same profit in days or weeks that take years or decades with any other investment vehicle. That’s not why it was created but it does give bitcoin value. |
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As of this morning BTC went below 6000 - that is a 70% drop from the peak at the end of 2017.
"This is normal in crypto" says many in here. Come on - get real. It is a full-on crash, and it is not over yet.
A biggest crash that I’ve ever experienced but as you can see it’s not over yet because this technology will bounce back and correction will happen again in the future. This is the scenario every year, FUD will continue to spread but they can never stop cryptocurrency specially bitcoin because this is a kind of technology that we need in the future. Yep, you’re right, the future belongs to blockchain technology. Bitcoin is one of the greatest creations of our time. Blockchain technology will reshape the very core of commerce across the globe. Unfortunately, bitcoin has also proven to be the best lubricant for criminal behavior since the invention of the post office. |
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I’m not sure what you’re getting at? This isn’t new info.
The greatest minds in finance (I mean people in the real world, not bitcoinland) have been saying for a month that bitcoin is in a huge bubble that is going to pop.
These are people with advanced degrees in economics, business administration and finance being published by ages old respected economic reporting agencies. Forbes, Bloomberg, Wired, Entrepreneur, Fortune, Inc., The Economist, Kiplinger's, Harvard Business Review have ALL published articles telling about the impending disaster that’s about to happen when the bubble pops.
Everyone has been informed so no one should be surprised unless they live in a total vacuum somewhere above the fucking Arctic circle in an igloo. If the people on this forum want to ignore all of the worldwide brainpower saying the exact same thing, let them.
Anyone else find this post ironic given the screen name of the poster?  The "experts" have been wrong far more often than they have been right on Bitcoin. I could care less who has what opinion about Bitcoin - only the reasoning process behind their conclusions is what matters to me. And yet when they voice their reasoning on this subject I often find it lacking even at a cursory examination. I’ve been waiting for you to appear (well not you specifically but someone with your viewpoint). Global economics didn’t change the minute bitcoin arrived on the scene. Bitcoin is a new way to send value across great distances, it’s not a cure all for the ills of economic instability. The protocol doesn’t set its own USD/BTC exchange rate. It doesn’t morph into an economy like a Power Ranger (shape of a stable economy, Power Rangers activate). It wasn’t designed for that. I’m sure you know that, I don’t need to explain that to you. Professionals in economics and finance have dedicated their lives to the study of markets and money. Their insights could be used to help us and bitcoin in general but instead of really listening to what their saying everyone here spends all of their time nitpicking and attempting to tear them down. Why learn from them when we can just cheerlead and get that new ATH and profit, right. New ATH and sell, sell, sell, then find the bottom and buy, buy, buy. I’m not going to waste our time by asking you for specific examples of when they were wrong and how. Have you really ever thought why they’re wrong when they miss the mark? What part of the picture is available and transparent for study normally that isn’t available in bitcoinland? Most Bitcoin exchanges have no oversight whatsoever and most of them have refused to be audited by independent outside third parties. That cannot happen normally because there are laws against it. BTCe was laundering massive amounts of money for years and we were all oblivious. MtGox destroyed lives because of the lack of oversight and auditing. Bitfinex and Tether are getting ready to do the same thing again, rinse and repeat. Also, insider trading is a plague in bitcoin and happening all over the bitcoin economy that would be discovered with a little more close scrutiny. There is probably more off-book trading being done than on-book. We have no idea how many bitcoin sales are happening at Overstock.com or Microsoft because all the money is immediately exchanged off-book by BitPay. Just the impropriety we know about is enough to make me realize no analyst, regardless of how knowledgeable or experienced, could ever completely predict the outcome of anything in bitcoinland perfectly because of the unchecked impropriety. He could, however, predict a major value crash in the near future that’s so obvious it slaps you in the face. |
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Thanks a lot for doing this. I still have some activity to earn before I become eligible for Sr. member but seeing that the thread may soon be closed, I am going to put up my case anyway. Hope you can consider. Here are two of my posts: One is a reply to a spam guy who has been spreading his little plague for sometime now. (Seriously, this guy just sits all day typing away his conspiracy theories in barely readable sentences.) The next one is a topic i started which just didn't got pick up,lol.Though i hope it will as I'll update it soon as i learn enough. https://bitcointalk.org/index.php?topic=2817109.0(It'd be great if you can share your views on this post) One interesting titbit. I came here after seeing your signature from a very old post. It has been disheartening to see everyone screaming about the BTC dip and all kind of spam posts about how its going to fail. At times like this, I have found it pretty comforting to go through the post history of the old members. I was going through mprep's and found this thread . You guys had a pretty riot running here before it all went down the drain. Here's hoping things can go back to the glory days. That post from mprep is a classic. The thread is just ridiculous and mprep responds, “Man, I think I'm in the weird part of the forum again. How do I end up in these places?” ROFL Your posts are better than average. When you're confused and don’t understand something you keep asking questions until you figure it out. You came here for the bounties but really participate in discussions. Campaign managers are getting their money’s worth out of you. You’re going to need to spend more time here and post regularly to rank up but you understand that. Because you’ve only been here 6-7 months, I’m going to split the difference with you. 10 merit points awarded. I liked your OP, Thoughts on supporting SegWit/ LN and not Big-Blocks. It shows a lot of effort and forethought. |
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why not help members? I have more then enough posts to have been a full member under the old rules and probably enough to judge if what I post is valuable or not (around 200 posts).
At this point I have given up leveling. I only post rarely, I post stuff hat is not always popular so the chance of getting 90 merit is 0. It's really stupid.
That’s a fair question. Why won’t I help Member level and below? They need to level up too, right? The truth is I do help them. I’ve given merit to newbies when cruising around the forum reading posts. When I see a post that deserves merit then I give it. I usually give 1 to 5 merit for those posts. When you come to this thread you're asking for 20 merit. To me, that means your asking me to judge up to 20 posts that are valuable enough to deserve merit. When you come to this thread and ask for merit you're asking me to advance you in merit by as much as six months in posting time. You registered in October of last year. You’ve got to pay your dues, so to speak, in time and post quality to rank up. I’m not going to rank someone up an additional six months that’s only been here three months. Don’t worry, you will get merit if you want to be a member of this forum for the right reasons. |
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I stumbled on this thread and I most say; Nice and interesting consent OP, thanks for doing this. Well, I read your post and I can't be so sure if I may fit in cause i tends to read and reply on posts which interests me and add to my knowledge. I knew about bitcoin before I joined this forum and I must confess that this forum has really contributed to my knowledge about bitcoin, though, I am still lacking on the technical aspect  .And I won't say, that I don't reply or posts on altcoin posts, I sometimes do. kindly go through my posts to judge me; https://bitcointalk.org/index.php?action=profile;u=1037962;sa=showPostsAnd another thing; even if I don't meet your requirements, can you please give me the questions even without the merits? I want to add to my knowledge about what I know to help me in contributing in anyway I can. Thanks You meet the qualifications for merit in many posts I saw. It’s likely you haven’t received more merit because those posts are older. If you keep posting the same way now that we have the merit system I’m sure you will start to get merit. You are the only reason you’re lacking on the technical aspects of bitcoin. If you want to learn more then read more about it and start a discussion based on your newly acquired knowledge (also a good way to get merit). Here’s a question based on your history. Why is bitcoin decentralized? |
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whether McAfee is a nutter or not, he has been using bitcoin to make a lot of money so far. what I have seen from past few months is that he first started increasing his fame by talking positively about bitcoin during one of the biggest rallies bitcoin had and make his "predictions" so he became the topic of all the crypto communities.
then he used that fame to advertise shitcoins, or practically run a pump and dump group where he tells people what is "good" where in fact he is telling them what to buy. as far as I know he did that a couple of times already and made a good amount of profit.
I believe bitcoins recent success would have happened without John McNutter. Actually, his positive preaching didn’t do anything to stave off the crash so it’s pretty much been useless anyway. I really rather have normal people not associate bitcoin with people that kill their next door neighbor. Besides do you really want to see John McNutters wrinkled old dick? LOL |
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John McAfee is one of greatest IRL troll ever. Do not take him too serious, but there might be some truth in his predictions. Bitcoin reached 18k/BTC, with the limited supply why it cannot go for 1M/BTC?
Where the fuck have you been? Gone almost two years to the day, did you get out on parole? I can’t tell if John McAfee is just an IRL troll or functionally insane. Famous McAfee quotes: 'I promise you I will win', says completely sane presidential candidate John McAfee in 2015. On the day after Christmas, McAfee posted a long blog post describing how he gave Belizean authorities the slip and snuck out of the country to avoid questioning for the murder of his neighbor, Greg Faull. "It's visually interesting and it is mostly a happy story – in line with most Christmas stories," he wrote. In two separate posts today, he describes dying his beard, mutilating his nose with a "shaved tampon", darkening his skin with shoe polish and convincing a reporter from the Associated Press that he was a poor Guatemalan who sold dolphin carvings for a living. “The Dark Web is a twisted parallel universe where Homer Simpson predicted 9/11” “Forget gun control, EMP attack would wipe out 90% of US population within 2 years” “The most promising privacy thing is stupid phones. I'm dumping all my smart phones.” John McAfee is a nutter. |
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Today I heard that Samsung is going to make bitcoin mining hardware especially Antminer S9 which I heard that they will name it as 'Samsung S9', with this act by Samsung everyone can understand that Samsung is in the favor of bitcoin and they will strongly support bitcoin. Almost all of the Samsung users will then know about this device and so more and more people will then know about bitcoin and the demand and the users of bitcoin will be increased too much.
Is this a joke thread? The “Samsung S9” it has dual cameras and mines bitcoin. ROFL  |
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I truly love the idea of what you are doing. I had already given up on ranking actually, with the feeling that some may not understand how the smerit works, the legends with enough to give around may not even care reading through all posts, and even we the little ones only have few to give around, so we are trying to be sure it is given to someone who truly deserves it. That being said, luckily I just bumped into you from your signature and I thought I should give it a try. Who knows? With the huge bitcoin correction going on, and with a chance to buy more for long position, this month may just be my lucky month after all, of having merits added to my profile's life. My first few posts should be enough to judge and if it is not good enough, I will move on and I am also opened to any question. Sorry I talk a lot, hence, my long post to you. People like you are the reason I decided to run this thread. You love a good debate, you’re logical, helpful to new people, you have a good grasp of cryptocurrency in general, you’re a bitcoin supporter and an altcoin supporter. You participate in signature campaigns but you’re smart about it. You’re kind of an all around package. I hope you don’t mind but I’m going to list a couple of my favorite posts I found in your history. A post from 2017 - Other / Beginners & Help / Re: Newbie wants to know somethings You posted, “If you bring in that mindset, you may end up not getting anywhere as you will end up dropping shitty posts which eventually will end up like spam and no one will recruit you into their campaigns. If you are wise, stay on this forum like you are here to learn, participate by contributing without just trying to make a quick random post and if your rank shoots up, maybe you can get a signature campaign recruiting Juniors! See it as just a benefit of being a part of the forum and not your main reason to be here! Word from a brother like you!!” Also from 2017 - Bitcoin / Bitcoin Discussion / Re: How can we help new people who think bitcoin is a ponzi scheme to understand it You posted, “Just explain to them the technology behind bitcoin and if they get more confused; tell them about the countries legalising it and organisations already using it as payment method already; and if they are still not convinced, tell them the worth of bitcoin in 2009 and the worth now; and if they are still not convinced, tell them to just type bitcoin news on google to know what is really going on; and if they are still not convinced; Ignore them and tell them to watch you at the top in few years time. I am sure by then they will be so much convinced and ashamed to even tell you. Hopefully it won't be too late for them to catch up by then.” Both of those posts from a newbie! I think you probably figured it out by now but - 20 merit points awarded. |
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As of this morning BTC went below 6000 - that is a 70% drop from the peak at the end of 2017.
"This is normal in crypto" says many in here. Come on - get real. It is a full-on crash, and it is not over yet.
I’m not sure what you’re getting at? This isn’t new info. The greatest minds in finance (I mean people in the real world, not bitcoinland) have been saying for a month that bitcoin is in a huge bubble that is going to pop. These are people with advanced degrees in economics, business administration and finance being published by ages old respected economic reporting agencies. Forbes, Bloomberg, Wired, Entrepreneur, Fortune, Inc., The Economist, Kiplinger's, Harvard Business Review have ALL published articles telling about the impending disaster that’s about to happen when the bubble pops. Everyone has been informed so no one should be surprised unless they live in a total vacuum somewhere above the fucking Arctic circle in an igloo. If the people on this forum want to ignore all of the worldwide brainpower saying the exact same thing, let them. The religious cult - which the Bitcoin followers in here largely are - appear to still be in denial about reality though. So what? That’s my point. If hundreds of people with doctorates in business and finance can’t convince them do you think you have any chance of doing it? Let it go dude. |
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As of this morning BTC went below 6000 - that is a 70% drop from the peak at the end of 2017.
"This is normal in crypto" says many in here. Come on - get real. It is a full-on crash, and it is not over yet.
I’m not sure what you’re getting at? This isn’t new info. The greatest minds in finance (I mean people in the real world, not bitcoinland) have been saying for a month that bitcoin is in a huge bubble that is going to pop. These are people with advanced degrees in economics, business administration and finance being published by ages old respected economic reporting agencies. Forbes, Bloomberg, Wired, Entrepreneur, Fortune, Inc., The Economist, Kiplinger's, Harvard Business Review have ALL published articles telling about the impending disaster that’s about to happen when the bubble pops. Everyone has been informed so no one should be surprised unless they live in a total vacuum somewhere above the fucking Arctic circle in an igloo. If the people on this forum want to ignore all of the worldwide brainpower saying the exact same thing, let them. |
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Current bitcoin market cap is $108b. Only $892b left to go before it hits a trillion.
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Pretty interesting stuff. I wonder how this all will unravel. your 'pretty interesting stuff' = 4k BTC coin soon, IMHO. FML.  I remember 5-6 years ago everyone on this forum talked about the fiat fractional reserve banking system as if it was the devil himself. Bitfinex has figured out how to turn bitcoin into a fractional reserve system and everyone fell for it. LOL  I resemble that remark...likely if they in hindsight have covered their Tether to USD link..it is likely NOW after the fact ...NOT even illegal..... also, remember bitmain and BCH games etc made 2.3 billion dollars last year it was announced...a ASIC monopoly is a nice thing to have also.... evil pays it seems (tm bitmain) Yep, you’re right, it does pay. Bitcoin is one of the greatest creations of our time. Blockchain technology will reshape the very core of commerce across the globe. Unfortunately, bitcoin is also the best lubricant for criminal behavior since the invention of the post office. |
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