Bitcoin's main use case for me is its unrestricted, cross-border transaction capability without the need to register or submit your details to a third-party entity. It's easy to send and receive money overseas without being questioned. Plus, fees aren't based on how much you send; you can literally place a dollar or even a cent's worth of fees and, if your transaction is done when there isn't much in the mempool, it will go through without any hassle.

What you're saying is quite far from the ethos or the main use case of bitcoin. Most people see bitcoin as a means to make profit. It is only one part. Its function and capabilities still exist and that's what some people are still using it for even today.

They will potentially lose a lot of patrons if ever this escalated even further. As I read on this thread, it appears that there were just some misunderstanding between you two, and it could have been solved rather easily if the agent knows about the code. And you're right, bitcointalk's community may not be the best, but people still rely on this forum for their gambling habits and places on where to spend their crypto. One wrong move from the platform and they'll see their revenue gone.

All the balances and transaction history are publicly available. Your identity, however, isn't. If the ones you sent your coins to knows you personally, they can associate the address from which the funds came from to you, and they can tell that to everyone else as well or keep it to themselves. If you trust the ones who you will send your money to, I think this should be a non issue anymore.

GCoin

Ang alam ko e matagal na itong plano ng Gcash na maghandle ng mga cryptocurrencies, ngunit hindi lang talaga matuloy dahil kulang pa sa research, o yung regulatory framework ng ating bansa ukol sa mga ganyan ay masyadong pang hilaw. Dalawa sila ng Unionbank na mga entity na naglalayon makauna sa cryptocurrency market ng Pinas, at sa tingin ko e maganda naman kung magiging totoo nga na maghahandle sila ng crypto trades para hindi na rin tayo nahihirapan magtrade sa ating local currency.

It will take a long time before bitcoin is fully integrated in payment systems. For now, we will have to rely on third party payment processors for bitcoin, until the world is confident to accept payments with bitcoin directly. There are still tons of issues when accepting bitcoin transactions like the confirmation times and fees. Until such time that these are solved (LN provides an alternative, but not necessarily a solution), we will just have to make do with what we have right now.

A lot of such coins are still existing and people are still buying into them with hopes of making it big in their trades. Red flags should already be raised when the devs feels shady, and people should be wary of buying into such projects since we never know when will the rug be pulled.

I know it's really tempting to buy in to a pump and dump coin, but the risks are insanely greater than the reward that it's really hard to make a profit off of it unless you're one of the insiders, or you're just lucky.

We're seeing it in some poverty-stricken countries right now, and bitcoin has seen some increasing popularity and utility over these areas. In countries where their local currencies are massively devalued, bitcoin offers an avenue wherein they can still purchase goods and services and getting most out of their money.

Then again, it can only be used side-by-side and not replace fiat currencies. We are far from it, given how small the merchant infrastructure and network is for bitcoin and cryptocurrencies.

Well, if they got the name of Satoshi, they will attract a lot of attention, and they can use their new-found fame for profit by creating projects and businesses to attract a lot of people. We all know that there are only a handful of ways to prove that one is Satoshi, and those impostors so far haven't achieved any of those.

No matter how many of them attempt to take the name for themselves, they would not succeed and would certainly fail to prove their identity.

"Keep your funds in exchanges. They are far more secure than keeping your coins yourself."

I was just starting back then, and stumbled upon the bitcoin IRC channel (idk if it still exists to this day). There was this discussion about personal wallets vs exchange wallets. One guy insists that exchanges invests hundreds of thousands of dollars for the security of their platform, so how would they be hacked? Initially, I thought it makes sense, not until I stumbled upon an article regarding Mt. Gox. Since then, I just tell myself, "third-party bad, own wallet good" and has been an advice I'm giving newbies ever since.

I do handicrafts. I am quite skilled on it, and have been creating pieces for years now. I've had some colleagues and friends who constantly ask where I get my purses and keychains from, and how much each one's worth. That is where the pitch comes in hand and since then, whenever someone wants a personalized keychain, purse, or any other thing that my hands can create, I'll just offer up a price and they'd pay upfront. It's just a hobby and skill turned into something that I can earn from, and honestly one of the best gigs since I can see the appreciation from my clients once they received what they ordered.

FUD and other such negative portrayal of bitcoin on the internet and every other media is a common occurrence whenever the price is going down. Perhaps, this is those FUDsters way of making money, since if they keep on doing this and people believed what they're saying, they could enter a rather cheap price and just wait for the bullish movement to come. Then again, people have learned that bitcoin isn't really a cryptocurrency that can easily be brought down. They can just wait the negative price action to subside and weather the storm.

Gambling taxes are just absurd. Most of the time, people lose money on gambling, and the government still makes money anyways. When gamblers make money, they are required to give a part of their winnings to the government, and they can't say no otherwise they will be subject to pay more for not complying. Then again, if taxes go towards something useful, and can be of service to the masses, then there's no real reason to object taxation.

There's not much that people can do about it anyway, unless of course they employ the help of law enforcement in order to freeze those funds and put the creators of the coin behind bars (which we know is highly unlikely). The developers of SHIB can't do much about it, and they surely can't freeze those assets as it will just show that they can control the coins at their own will. They can only rant and be upset about what happened, but unfortunately that's how crypto works.

I don't know if we're viewing the same chart, but it's only 2 or 3 weeks ago wherein bitcoin and other cryptocurrencies started to crash. There isn't any definite reason as to why the dumps happened but since it's been going up for so long, it has to come down eventually. We never really reached $70k just yet, and the peak of this run is just $66k, $8k short of what you are trying to say.

In 2021 alone, we've had a pretty good run, and it's generally bullish if you zoom out the chart. Some slumps occurred here and there but still, we're up by a lot since the start of this year.

Members who are continuously posting under the 1XBIT signature would, sooner or later, be red tagged and that's about it. This forum does not enforce policing on scams, and only leave the policing to its community members so as not to get issues on 'censorship' again. Also, at the end of the day, it is the people who will use the platform, and it's up to us, the community, to raise awareness against such a dishonest platform looking to gain quick bucks on unknowing players.

Bitcoin helps you evade tyranny and authoritarian rule, but it will never bring down nor end those things honestly. It isn't designed to take down the nastiest and the meanest of tyrannies, but it can help you keep things on a low profile and hide away from their control. Of course, you are not completely hidden and anonymous. You still have to take certain measures in order to keep things subtle. Bitcoin is a great help if utilized properly.

KYC defeats the purpose of bitcoin, yes. Though with the current state of developments surrounding cryptocurrencies, and the legal framework existing to cater them, I can say that there's not much we can do about KYC. There are still no-KYC platforms though, but they impose a certain limit on the amount you can trade/buy with them, and that sucks for the most part.

Expect more KYC in the future when the governments figure their shit out, though you can always count on people to go against this amd establish their own decentralized, no KYC platforms.

If there's an important lesson that history will teach us about how governments work, it is that it's almost always certain that they will fuck up and cross the boundaries that they also have set initially. Bitcoin at the least provides some assurance that we will be protected from this event somehow, but you can never be sure until when will the government be able to hold the fort and not do the same shit over again.

At this point in time, now that bitcoin has proven itself it would be easy to persuade people to buy into bitcoin during such dips. Also, since the wallet holder already owned a huge amount of bitcoins prior to the recent acquisition, you best believe that they are already extremely knowledgeable about the ins and outs of the market, and that they know what risks they are taking by buying in to the market with that amount during the red season.

Also, moves like this are pretty common during bear seasons. Totally not surprised by this anymore tbh.

Just a few months ago, China has been cracking down on miners, but all they did was force miners out of their pitiful situation and seek business somewhere else. It's never the loss of the network nor the miners as a whole, but rather the governments which constantly tried to ban bitcoin and all of its machineries in favor of their own interests. They gain nothing in return, and lost just a whole lot more by doing that silly move.