Currently Bitcoin is heavily used in gambling, but I never heard anyone say that Bitcoin is a gambling currency, so I doubt it will ever be called a "porn currency". Plus pornography is very much normalized in the western world as well as a lot of other countries, it really is only a taboo in hyper religious countries or totalitarian countries like China.
However, I doubt porn will give a major boost to Bitcoin's adoption, people still strongly use fiat for it, and something serious needs to happen to start a shift towards Bitcoin.
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It is strange that this is getting media attention, because people are getting robbed every day and it is not getting special attention. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) I guess the fact that they thought that this guy is having $10 000 worth of Crypto currencies on his phone, makes this news worthy. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) It can teach people to keep their mouths shut about crypto and how to carefully choose who you are dealing with, especially if you are in a dangerous country like Nigeria. These days cashless payments are very popular so many people have forgot about the danger of dealing with large sums in cash, and Bitcoin has a lot of similarities with cash.
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I'm cynical and I happen to agree with you--but the more I'm seeing the fear surrounding this virus, the more I'm starting to believe that it really is affecting world markets. And I have to tell you, I think this is all completely irrational. This strain of corona virus is nowhere near as deadly as a lot of other things that can kill you, but people are reacting to it as if it were that movie Contagion from 2011. Crazy.
I was talking about crypto alone, because it's obvious that this epidemic is affecting economies around the world, especially with China being in the epicenter. And the virus is pretty serious, it's highly contagious and very dangerous to the elderly and people with weak immune system. But Bitcoin doesn't depend on any supply chains that are affect by the virus, it doesn't need the Chinese industry, so there's no good reason to dump Bitcoin because of the coronavirus. And you know what? This is probably a fantastic time to be buying stocks that have taken a beating, and also bitcoin. I'm starting to believe that this virus freakout actually did cause bitcoin to sink from above $10k--but I also think that's a temporary situation, and getting in (or getting more) at $8500 or less is a bargain. Wish I had some disposable income.
The stocks were/are in a long bull run, it's quite risky to buy them now, the correction/crash will come sooner or later.
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I think it's a really strange security model to assume that your PC is infected by malware, so you have to disable some features, etc. If you indeed have malware, there are thousands of ways how it can steal your data or do other harm - keyloggers, screengrabbers, ransomware, trojans and so on. The only good reason to disable password autofill is if you are afraid that someone will use your PC while you are away and will log in into your accounts. But then again, they could install malware that will still your credentials, so it's better to always lock your computer when you leave it.
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After proving it is a DAO, he still wants me to provide more direct evidence that Bitcoin is an organization taking actions; needless to say, I am confused and could use some expert opinions here.
Bitcoin's miners are constantly making decisions about which valid transactions to include in the next block. Developers are working on new versions of the software and users make a decision whether to update to new version or not. If the new version is not backwards compatible, it creates a chain split, and users decide which chain they want to use (or they can use both from now on). So, speaking very broadly, Bitcoin does take actions, but if you only speak about the network, then there's not much actions, it's all just transactions of currency, there's no big decisions to be made like companies or governments have to do.
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how these artwork puzzles work?
They work just like any regular puzzle, and most of the time the hidden secret is a Bitcoin private key. Or where to begin to learn how they are solved?
You solve them the same way you would solve any other puzzle - with logical reasoning and knowledge. Some puzzles may require knowledge about cryptography or how Bitcoin works. how to create such artwork?
Since that puzzle isn't solved, no one aside from its creators can answer this question. We don't even know which details are a part of the puzzle and which aren't. Look for some solved puzzles for inspirations, but don't copy them, since they would be quickly solved. Creating puzzles requires just as much skill as solving them if not more.
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There already is a decentralized network for privacy, it's called TOR - and it doesn't use blockchain, because it predates blockchain. Blockchain isn't some amazing fundamental technology like its promoters often say, in fact it's not needed for most cases and can't be applied, because it was created to solve very specific problem - a problem of trust for money transactions on the Internet.
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Craig Wright was saying that he knows about critical bug in Bitcoin that will destroy it, along with other outlandish claims like how Bitcoin will be dumped, but we all know that nothing like that happened, and it's pretty clear that nothing will happen this time - he's just spreading FUD. And I doubt any western court would issue such judgement, they aren't interesting in dealing with cryptocurrency as practice shows, and they would understand that it can't be realistically enforced because of Bitcoin's global nature.
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Many merchants, especially big companies, don't want to accept Bitcoin directly for many reasons like volatility, security, implementation costs, they prefer to outsource it to middlemen. It would be hard to convince them to accept Bitcoin directly, they would probably rather not support it at all. What we should focus on is convincing smaller businesses to abandon their middlemen, because its easier for them to do so.
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You don't have to sell all your stash at once, you can do it in portions over longer periods of time - this will reduce both risks and potential profits. I personally plan to start selling when the market will surpass the last ATH - at first it will be a smaller fraction of my coins, then depending on how fast the price growth, I'll be selling more and more. I would want to sell most coins when the price will go vertical like it happens when a bubble reaches its top.
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Mining pool coercion could work, in theory Furthermore, Lerner also said that miners cannot take control of the Bitcoins without changing the consensus protocol.
So they do know that a transaction is valid when it is signed by the private key, then what's the point of this article? Miners don't know users private keys, there's no mechanism to move coins without private keys, to change that a hardfork would be needed, but miners don't decide on hardforks, it's up to users aka full nodes. If miners decided to make such a change, they wouldn't be mining Bitcoin, they would simply create some mutable shitcoin. As for blocking addresses, the concept for such attack was known for a long time, anyone who is curious can find some better sources than cointelegraf.
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I've read the replies so far and I'm pretty surprised how you guys tell me the Bitcoin fall isn't correlated to the Coronavirus outbreak at all as if they're part of two different universes. Do you guys think that cryptocurrencies are 100% immune to all the other moves in the markets? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Some of the most important stocks USA just had the biggest crash in their history and overall it's been the biggest drop since 2008, and some of you say the stock markets need to have a bigger crash to affect BTC.. Isn't a worse-than-2008 crash enough?! Trillions of dollars have already been wiped out.. It is possible, but there are more arguments against it: 1. 15% drop isn't too uncommon in crypto, it happens at least a few times per year with Bitcoin, and it historically dropped even lower without any global events that could explain it. 2. We just had a rally, going from $7k to $10k, when a rally loses steam, correction follows. 3. Why should coronavirus or stock markets affect Bitcoin? There's no direct connection, there's no underlying mechanism for such movements. So far the argument for it seems to be "everyone panics so they sell Bitcoin", but with such logic you could say that every single asset should crash because people "panic". This isn't the case.
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For all the beginners out there, Do not mind the profit that you may have in this forum, there is a right time for that thing, all you need to consider first in this platform is how are you going to learn something about cryptocurrency. An eagerness to gain knowledge is better than the enthusiasm of earning money, yes I understand if you really need money right now, but, nothing improvements to you if you prioritize it than gaining knowledge.
This only applies to signature campaigns. You can earn money as a low-rank member if you do something that doesn't require a high-level account. I personally joined this forum because I saw a post about hiring translators, so I made an account to send a private message to the OP, and I successfully did that job and got paid. I'd say signature campaigns are a very poor goal now, it's hard to earn merit, and even if you will achieve high enough rank, most new campaigns pay very small amounts like $20-50 per week. Most online jobs pay higher than that and don't require such high amounts of time and effort investment to get started.
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Forget about merit, it shouldn't be your goal, right now for a newbie like you the first priority should be learning about crypto. Once you become knowledgeable enough, you can start earning merit while just sharing your knowledge. But if you'll try to jump straight into "earning merit" you will fail, I see a lot of newbies try to do so by copypasting from outside sources or creating guides that were written before them countless times - obviously no one will give you a lot of merit for that. In worst cases you can even get banned for plagiarism or text-spinning.
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Let's say there is a platform being developed which aims to achieve for BTC what the lightning network has not been able to achieve so far.
Lightning Network has been available on mainnet for a year already, and some actual services use it. It's still in beta, but eventually it will be released officially. So, we already have a solution to scalability and micropayments that just needs more poishing, why should we work in this new direction, especially since Ethereum is far behind in terms of its own scalability solutions, plus it's known for being more bug-prone and centralized.
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Tor browser is the most private browser, since it comes with the TOR network and it's also configured for privacy by default, though you still should use additional extensions that block advanced tracking techniques like canvas fingerprinting. On mobile platforms Firefox Focus is a very good privacy browser, since it wipes all stored data between sessions or on demand.
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I do not understand why they do not answer the topic about how to earn money here, which is very important to the beginners to know. I am still hoping that there is someone that will answer what I want to know.
People who come here with sole reason of earning money usually become shitposters and bountyhunters, unless they can bring some skills to the table and offer their services for payment, or can launch their own business and promote it here. So, paradoxically, you won't earn a lot of money from posting if it's your only goal, because you won't get accepted in any good signature campaign. You have to be genuinely interested and knowledgeable about crypto to do so.
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Since exchanges are already so centralized and do KYC, I think they should behave more like banks and add more security checks to users operations. This is usually done via algorithmically assessing risks, and when needed, requesting additional input from the user (sending sms, email, delaying transactions, manual verification, etc.). Yes, this is ugly, and against the spirit of the crypto, but exchanges are already so far from how people imagined crypto will be used, so this measure will do more good than harm.
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Because Bitcoin is decentralized, it will never have the same features that centralized payment systems do - there won't be any tech support that can correct some of your mistakes, there won't be additional verifications for large transactions, there can't be any "I forgot my password" buttons. This is one of the reasons why Bitcoin won't see mass adoption, but I believe despite this all it still has a lot more room for adoption, because people are getting more and more proficient with technology.
Volatility is a bigger problem now, it's the main reason why Bitcoin is viewed as an investment rather than a currency.
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My biggest regret is spending around 2 BTC in 2016, should have hodled it all. Also, invested 0.01 BTC in an ICO scam in my first months here, but I don't regret it too much, I think it's a reasonable price for such a valuable lesson, since then I was never scammed again. I also traded alts and still hold the leftovers waiting for a better opportunity to sell, since some of my positions are in read, but I'm sure that overall I'm in green.
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