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4541  Economy / Economics / Re: We need a economic revolution right now . on: April 05, 2020, 07:16:04 PM
Be careful what you wish for, revolutions don't always lead to good things, they can often cause extreme and unnecessary violence, political in-fighting and they can easily give rise to even more authoritarianism. And there can't be any economic revolution without political revolution, you'd need to tear the whole system down to change it.
4542  Other / Beginners & Help / Re: Brand new looking to make bitcoin on: April 05, 2020, 10:53:43 AM
Signature Campaign - promoting one's project here in forum through the use of signatures, then they'll pay you yet has requirements for the tasks to comply
Crypto-mining - this is somehow advanced as requires further understanding with how it works, but it can take weeks to learn and you can mine easily  as long as you have enough equipment and money
Trading - invest on a particular crypto and manipulate it with either short-term trading or a long-term holding. Depends on you and you can control your profit, but it is a tough risk to enter
Gambling - the most easiest way everyone understands. Just simply put a bet and earn if it won, mostly sports and e-sports gambling because casino's is too damn addictive.


Signature campaign - you need to be high rank to do that, out of the question for OP right now.
Mining - this isn't a job, it's a business, it requires big investment and it has a risk factor.
Trading - requires a big amount of skill, knowledge and experience, without it you will lose your money.
Gambling - this isn't a money earning method at all, it's an expensive entertainment. This is one of the most harmful "advises" one can give to beginners.
4543  Other / Beginners & Help / Re: Paper wallet withdraw security question on: April 04, 2020, 09:30:25 PM
at this stage the private code has been scanned and it's on my device so its not really private anymore. 


"Private key" comes from cryptography terminology and it means a key that is only known to the user and is not shared with anyone, because it's knowledge is all that is needed to do some operation, in our case spending coins. So, strictly speaking, when you move it to your smartphone, it's still a private key. You're right to be worried, because it's more dangerous to store private keys on an online device, but if you are worried about malware, then you might as well be worried that your device is already compromised and the keys will be snatched as soon as they touch the device.

If you have really high security requirements, you should research hardware wallets or cold storage setup.
4544  Economy / Economics / Re: New World: Global or National? Governance with Blockchain on: April 04, 2020, 08:25:21 PM
One of the important things that will change with Corona is our perspective on life. Most of the concepts we think are unshakable will change. The economic crisis triggered by the disease showed us the facts. Economy is based on a balloon. Central authorities are not afraid of corruption in times of crisis. Printing money: As easy as printing paper on a printing press or pressing a key on the keyboard. Technology that will form the basis of its economy in the New World: Blockchain. Large companies will be managed via blockchain. People will want to participate more in decision making mechanisms. This is called: Governance[/size]


“Governance encompasses the system by which an organisation is controlled and operates, and the mechanisms by which it, and its people, are held to account.”* Governance must be used in public administration, even if the new world is national. Enabling people to participate fairly in the system is only possible with Blockchain system. A more decentralized world is waiting for us in the future.


Sources: [Medium] [Linkedin] [Dkbb] [Slideplayer] [Fusunozulke] [Governanceinstitute] [Wikipedia] [house-of-habsburg] [Unescap]


There won't be any big shift because of the coronavirus, this isn't the first epidemic and economic crisis in human history and it's sure not the last. Nothing changed after the 2008 crisis, or the SARS outbreak of 2004. And even if there will be some fundamental changes, it won't be about blockchain. No one cares about blockchain in the real world, and the governments are occasionally talk about it just to look progressive, but no one is going to use it.
4545  Other / Beginners & Help / Re: Time to learn on: April 04, 2020, 08:02:19 PM
It's always time to learn, because without knowledge you are blind in the world of crypto, which is quite a dangerous place because of scams, malware, hacks, etc. Learning should be the first thing all newcomers do, with or without quarantine. It's good to remind people that now they have time to learn, but they should be always trying to find time for that regardless of circumstances, it's just that important. So, even after we're out of the quarantine, keep learning.
4546  Other / Beginners & Help / Re: an important reminder : accumulate bitcoin. on: April 04, 2020, 07:57:52 PM
How are people going to accumulate Bitcoin if so many lost their jobs and need to keep covering their spending and need to have some money saved in case of emergency, which can easily happen right now in the face of covid-19. It's easy to imagine a nightmare scenario when someone keeps buying Bitcoin with their last money, then Bitcoin randomly drops again and they now don't have enough money for treatment. My advice is, only accumulate if you can afford it, especially if you can afford this worst case scenario without going broke. There will be safer times in the future.
4547  Other / Beginners & Help / Re: YouTube continues to ban crypto content on: April 04, 2020, 11:44:32 AM
just like before, unless you can show at least one example of an actually legitimate cryptocurrency related content that was removed i am going to say it was justified because all the "contents" i have seen have been either scams advertising some sort of shitcoin or ICO or have been misleading people into losing money in trading disguised as "expert traders" and "trading signals".

as an example of useful content that will never be removed you can always look at Andreas Antonopoulos videos.

If youtube uses the same algorithm that they use for demonetizing other videos, then it is possible that they remove good content, but I don't think there's that much of good crypto content on youtube to begin with, and most of it is old and well-established, so it's unlikely to be removed. So maybe overall it's a net positive that a lot of scams will get booted out of the platform and less people will get scammed.
4548  Economy / Economics / Re: Bitcoin and Crypto Jobs 2020 on: April 03, 2020, 09:35:22 PM
I think this thread is a bit offtopic, these 50-100 jobs have zero global significance, so it would be more suitable for boards like Services or Project Development or Bitcoin Discussion. Anyway, I know from practice that jobs are very scarce in crypto field, and now with a lot of people getting unemployed due to the virus, there will be even more competition for the jobs that we have.
4549  Bitcoin / Bitcoin Discussion / Re: Satoshi never used bitcointalk: Craig Wrigth on: April 03, 2020, 05:24:28 PM
How about we stop giving him cheap publicity here Undecided Bitcoin enthusiast should learn to start ignoring him.
The guy is always looking for means to always to trend, reason why he is up in the game of formulating stories Roll Eyes

I used to think so too, and it's still a good idea to not create new threads about him, but at this point it's too late to try to ignore him since he got famous. If it was in the earlier stages of his "career", then ignoring him would be the best approach, but now we should focus on debunking him instead. This way newcomers will have higher chances to view his for what he is instead of accidentally joining his cult.
4550  Economy / Gambling discussion / Re: Can crypto gambling be provably fair to regulators? on: April 03, 2020, 01:16:14 PM
Crypto gambling sites don't need to prove their provable fairness because they operate outside the scope of these regulatory agencies.

Because of this, these sites don't need a system to prove that they are operating fairly, since they're not going to get a license anyway. Instead, these platforms just do what is necessary to prove to their players that they are operating fairly.

Most platforms just allow players to check their seeds to see that they haven't been modified. That's about as far as they go unfortunately.

And for how long it will continue like that? If there will be big cases of money laundering, the regulators and law enforcement will turn their attention to crypto casinos, and they will be forced to move to the darknet, which will be bad for their business, since it would make their sites slow and harder to access. In this light, legalizing is an alternative to that, but it would make them more expensive to players. However, it would also mean for players that their winnings will be legal.

Note, I'm not saying here that legalization and regulation are good or bad, I'm just discussing the future of crypto casinos.
4551  Other / Beginners & Help / Re: Using mobile phone as a full mobile wallet on: April 03, 2020, 01:08:50 PM
This setup might be viable if you can't afford a real hardware wallet and you have a spare phone that can be turned into a cold storage, but if you want to buy a new phone for that, you'd better just buy a hardware wallet instead. This setup is less secure than a hardware wallet, your phone might have some spyware installed by the vendor, especially if it's a cheap phone, and it can be trying to connect to networks even without your permission.
4552  Bitcoin / Bitcoin Discussion / Re: Robert Kiyosaki believes in Bitcoin on: April 02, 2020, 09:48:08 PM
On one hand Bitcoin is very likely a good long term investment, because there's still a huge chance for big FOMO-driven bull runs, and on the other hand it's still very volatile and doesn't react well to big crashes. This guy seems to be saying he usual "Bitcoin is a hedge against global economy blah-blah", which at this moment doesn't look very true. I wouldn't advice to invest in Bitcoin to everyone, I think it's only suitable for those who can tolerate high volatility and sit on their investment for years.
4553  Economy / Economics / Re: CoronaVirus USA - Open by easter? on: April 02, 2020, 09:00:32 PM
Well, probably it is a pronouncement of faith because they still count infection and death rate till date, though subsiding and very much under control. Donald Trump is such religious that he may also not want to deprive the faith believers their gathering, it will be very risky decision if the environment is not well under safety before announcing that, because open for one may be open for all.

Trump himself isn't very religious, but his voters are. However, even islamic countries, which can easily be counted as the most religious countries in the world, are enforcing strict quarantine that includes their temples, so Trump should quit trying to earn votes and instead follow his duty as the president of the United States. The US and many other countries will have to keep the quarantine for at least this month, and maybe even for a part of the next month. If you quit too early, the virus will just start spreading again, I think there's already a second wave growing in China.
4554  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Climate Change on: April 02, 2020, 05:14:35 PM
My thoughts are that although Bitcoin uses a considerable amount of energy, when related to climate change and its impact on the environment it pales in comparison to other industries burning of fossil fuels, as well as deforestation and farming. Furthermore, because Bitcoin is reshaping global finance, I feel that it will be around for the long term.


These are my thoughts exactly, Bitcoin's footprint is really tiny compared to things like cruise liners or agriculture, so people who want to stop Bitcoin because it causes global warming are likely just being misled by nocoiner trolls who spread all sorts of negative information about Bitcoin. It's especially ridiculous when they say that Bitcoin will soon consume all the Earth's electricity, just because it's energy consumption was growing in the past very quickly. In reality it will slow down significantly because of the halvenings.
4555  Economy / Exchanges / Re: Different Prices on Different Exchanges on: April 02, 2020, 02:17:07 PM
Not only Bitcoin doesn't have the same price across the world, it might not have the same price in one country or one location. When people deal with Bitcoin and negotiate the price, they usually use agree on one source of price, like some exchange or coinmarketcap or bitcoinaverage. This helps them avoid potential disputes caused by big price differences between exchanges. So, if you will be doing some transactions when you have to agree on the USD value of Bitcoin, always make sure to agree on the price tracker first.
4556  Bitcoin / Bitcoin Discussion / Re: Github to preserved Bitcoin Code and other open source software on: April 02, 2020, 01:14:43 PM
People were saying that Bitcoin can survive a nuclear war, now we know that there's at least one place that stores its source code for very long term. I wonder if there are any other places that store Bitcoin's source code, maybe owned privately or also be some organization? Relying on Github alone isn't great, ideally we'd want multiple independent sources.
4557  Economy / Economics / Re: All Fiat-Replacement crypto will fail: what is wrong with this line of thinking? on: April 01, 2020, 08:54:20 PM
I don't think crypto like Bitcoin should only be viewed as a do or die replacement for fiat. It can easily complement fiat by allowing cross-border transactions of value, microtransactions, being used as a method for privately transfer value and so on. Government coin won't be a competitor to any of it, because it would be a very centralized system, like PayPal or Venmo but owned by state - it just won't have the same properties as true crypto.
4558  Bitcoin / Wallet software / Re: How was the first cryptocurrency wallet invented? on: April 01, 2020, 07:57:14 PM
The first wallet was part of the original Bitcoin Core (v0.1) software, released by Satoshi on January 8th, 2009. You can read the release announcement/email here: https://satoshi.nakamotoinstitute.org/emails/cryptography/16/


So far the first cryptocurrency is bitcoin, even, not only the first bitcoin wallet but the first crypto wallet ever is bitcoin core. Thanks for the link you sent, it was so helpful for me to know when and how bitcoin core started. 

There's nothing strange here, a wallet is just a client, and without a client a network can't exist. In fact, Bitcoin network consists of these wallets talking to each other and maintaining the ledger. All the rules of Bitcoin and the blockchain are a part of the first Bitcoin wallet. Later other people begun separating the node functionality from wallet functionality by creating light clients that don't contribute to the network.
4559  Bitcoin / Bitcoin Discussion / Re: What if BTC never reaches all time high? on: April 01, 2020, 07:25:19 PM
First, there's no such things as "second all time high", there can be only one all time high, isn't it obvious? The correct term should be "second peak".

So, what if Bitcoin never overcomes the all time high of $20,000? That would be quite bad for its price, because since it's so speculative, a lot of the current price is based on the hopes of reaching $100,000 or even higher. If Bitcoin will keep failing to break past the old resistance levels, it will trigger a bearish market when Bitcoin will have to defend its old support levels. So, trading below $1,000 would be very possible.

But, Bitcoin's usability as a currency wouldn't be affected. It would hurt its attractiveness as a store of value though, because a good store of value should be retaining its value and be predictable.
4560  Bitcoin / Press / Re: [2020-03-31] This Crisis Is Good For Bitcoin, But Beware of Recession on: April 01, 2020, 06:24:39 PM
How is it good if Bitcoin still didn't recover fully from the price drop? And people were saying "this is good for Bitcoin" every time something bad happened, but when Bitcoin's time to shine has finally come it didn't act as expected.


People were expecting bitcoin (BTC) to rise immediately when the traditional market started falling, yet it dropped. That's not strange, explained the CEO. BTC is a proxy for gold, and what happens in a financial crisis is that a lot of assets go down at the same time, including gold. It follows the market "for a little bit," and "once people have basically removed all the money, put a lot more low-risk assets, and they start reallocating, and then they go into gold and then gold decouples." But Swanepoel said that it's too early to make an assessment on just how correlated BTC is to other asset classes.


This man contradicts himself so much, first he says Bitcoin follows gold, then he says it's too early to tell that. He says that the recession is good for Bitcoin, then says it might be bad. If he says everything at the same time, he really just says nothing, because he doesn't commit himself to one prediction.
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