Bitcoin Forum
August 02, 2024, 05:59:34 PM *
News: Latest Bitcoin Core release: 27.1 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 [242] 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 ... 442 »
4821  Economy / Service Discussion / Re: Why is the Beginners & Help section excluded from certain signature campaigns? on: March 14, 2021, 02:07:38 AM
I think it's not really a regular policy among signature campaigns in the services section. Perhaps you're just a little generalizing because Stake, your current campaign, does not count posts under Beginners & Help.

I took a quick search on the policies of the current, some of them oldest but still running, signature campaigns and they're not really excluding posts made on Beginners & Help.

  • BestChange: B&H posts accepted
  • Playbetr: B&H posts accepted
  • FreeBitco.in: B&H posts accepted
  • Betcoin.ag: B&H posts accepted
  • MyCryptoMixer.com: B&H posts accepted
  • Bitvest: B&H posts accepted
  • ChipMixer: B&H posts accepted
  • Bustadice: B&H posts not accepted
  • 777Coin: B&H posts accepted
  • Roobet.com: B&H posts accepted
  • SmartCredit.io: B&H posts accepted

That's 10:1.

The recently-closed YOLOdice also accepted B&H posts.
4822  Economy / Gambling discussion / Re: Play fewer hands to earn more strategy - Poker on: March 14, 2021, 01:05:36 AM
I'd say this strategy must be effective. But I never played very serious poker so I've never been technical in playing. However, I almost always risk even the worst of my hole cards at least up to the flop. Sometimes, what seems to be the worst hole cards end up making the best hand. But, again, this must be a poor approach as far as serious poker games are concerned.

But I guess strictly sticking to this strategy is really boring and creates a predictable pattern. So a shift of strategy every now and then is both fun and effective.
4823  Bitcoin / Bitcoin Discussion / Re: Elon Musk again on: March 13, 2021, 03:22:38 AM
Elon is just acting like a normal person, making tweets. There's probably nothing special about this tweet. But if we treat Elon as a sort of a guru, prophet, demi-god, and so on, which he is obviously not, then we will give too much meaning in everything that he does. He might fart one day, announce it on Twitter, and people would begin to interpret it as some sort of a symbol or sign or a hint of something about to happen.

I wonder if his tweet will have an impact on the Bitcoin price again!

And how would we know that this particular tweet has affected the price of Bitcoin? If the price falls, is it due to Elon's tweet? If it rises, does it mean the tweet has something to do with it? More often than not, it's just a matter of subjective interpretation.
4824  Bitcoin / Hardware wallets / Re: Ledger Nano S is not safe!! on: March 13, 2021, 01:49:23 AM
On a side note, I understand that a hardware wallet if fully air-gapped is secured, but I'm now wondering, does plugging your hardware wallet to your online PC or laptop necessarily pose a risk of whatever degree to your funds? That is, even if you are only operating on your Ledger Live, for example, for the entire duration?
By plugging your hardware wallet in to a computer with an internet connection which is filled with malware, the worst thing that can happen is that some malware creates a transaction and pushes it to your hardware wallet to be signed. Without you physically approving the transaction on the hardware wallet itself, then the transaction can never be signed and therefore never be broadcast, and your coins can not be stolen. The only way coins can be stolen in this manner is if you are completely careless and approve a transaction on your hardware device that you didn't create and without checking it.

But could such malware enter Ledger Live, for example, and tamper a particular transaction you are about to confirm? I used to experience pasting an address but the one that would appear is different from the one I copied. I almost confirmed it before I noticed it looked different. That was a long time ago and it wasn't a Ledger transaction.

Anyway, is it possible that the address that appears on Ledger Live as well as on the hardware itself are exactly the same address but one which did not come from you?

Thanks for the response, by the way. Apologies, OP, for hijacking your thread. I'm out. Cheesy
4825  Bitcoin / Bitcoin Discussion / Re: The history of bitcoin ATMs is much longer than I thought! on: March 13, 2021, 01:10:43 AM
I wonder, was there really a need on your part to travel a few miles on a bicycle and on a very cold day just to transact with a Bitcoin ATM? Or was it just you thinking it was a nice day to bike around and visit the Bitcoin ATM in the adjacent town?
No, I absolutely didn't need to use the ATM.  By the way, I rode back there again today and bought some Dash in addition to bitcoin.  It's been a long winter and the past few days have been relatively mild, hence the desire for cycling--but I also like bitcoin ATMs and this particular one has much lower fees than the previous two I'd used.

And I agree with you that crypto/bitcoin ATMs are an unnecessary thing since nobody really needs bitcoin so urgently that they'd need to take a trip to that ATM to get it.  A normal crypto user would just buy it through an exchange like Coinbase, as it's much cheaper.  I'm curious to see whether these ATMs survive for exactly the reasons you and I just wrote about.  For right now I think they're a very cool novelty.

I don't think they'd be gone soon. So far, their numbers are still increasing.

I quite agree that Bitcoin/crypto ATMs are cool. Surely, they're there for certain reasons beyond their practical purpose. A Bitcoin/crypto ATM could, for example, probably act as a proof or testament that Bitcoin/crypto is indeed legit, that it's actually in the open and not some mysterious and clandestine form of cult money, or that it's not just some Ponzi, deep web or criminal money, investment scam, and so on they've heard or read somewhere.

They also serve as a sort of a marketing for Bitcoin/crypto. And I guess they're effective to a certain extent. They probably make people encounter Bitcoin for the first time and, better, get curious about it.
4826  Economy / Economics / Re: Trader buys $36 million of copper and gets painted rocks instead on: March 12, 2021, 04:27:28 AM
~snip~

Long term this thought process could cost you a fortune.

Golden asteroids are being visited by NASA/Musk and if they figure a way to get it back for use gold will become as common as copper.

I am 64 and I am not rich. But if I had billions invested in gold and was still earning and stacking gold with out stacking BTC I would be gambling that gold stays scarce. For no reason other than its been good for a long time it will stay good.

There was a time seashells had value for trade. Just saying gold could drop a lot in the 10-20 year time slot.

There was what was called Psyche 16, an asteroid believed to contain "enough gold to make everyone on Earth a billionaire." Three things, though:

1. It has already been discovered in the mid 1800's. No mining ever took place since then.
2. Very costly future explorations are planned mainly for scientific research rather than mining or financial exploration.
3. If, after several decades, gold mining will commence far away from earth, the production cost would be very high, which gives us an idea that the venturing company wouldn't be pricing their proceeds very cheap. They'd be extra careful not to cause the gold market to plunge into worthlessness or else...

However, the most important point is that despite the idea of space or asteroid mining becoming a sort of a craze and has even caused a certain race in the field, it is probably mostly just talks, not even cost-benefit or profit-oriented financial talks but ones which involve fundamental mathematical formula on how it is even made possible.

Anyway, just saying asteroid mining is still a remote possibility that won't devalue earth's gold, at least not in the next century.



[1] https://www.thesun.co.uk/tech/9378480/giant-golden-asteroid-psyche-61-billionaire-nasa-2022/
[2] https://en.wikipedia.org/wiki/Asteroid_mining
[3] https://www.bloomberg.com/opinion/articles/2020-12-21/space-mining-on-asteroids-is-never-going-to-happen
4827  Bitcoin / Hardware wallets / Re: Ledger Nano S is not safe!! on: March 12, 2021, 03:17:51 AM
I'm a bit troubled by this. I wonder how the actual stealing took place. Hopefully, it doesn't have anything to do with the hardware itself. But I really am very curious how everything transpired.

On a side note, I understand that a hardware wallet if fully air-gapped is secured, but I'm now wondering, does plugging your hardware wallet to your online PC or laptop necessarily pose a risk of whatever degree to your funds? That is, even if you are only operating on your Ledger Live, for example, for the entire duration?

Did you buy the Ledger Nano S from Ledger themselves? Was the seal intact? Did you write down the seed yourself?

The boxes are not sealed anymore, probably since 2019 IIRC. Since it can easily be reproduced, it becomes a useless security

How was this information obtained? I mean that the boxes are not sealed anymore.

4828  Economy / Economics / Re: Trader buys $36 million of copper and gets painted rocks instead on: March 12, 2021, 02:10:37 AM
As far as being a long-term store of value is concerned, gold is still dependable. Within such context, I think "Just buy gold, you'll be safe" is still true. If you have an immense amount of wealth and you want to keep it in such a way that its value is well-preserved for your great great grandchildren, I guess gold is the perfect choice. Of course, only if certain conditions are met like it is well-secured, proven to be genuine, and so on.

Anyway, this news reminded me of the gold scandal less than a year ago. $36 million in copper proves too small to the $2 billion loan availed by one of the largest gold jewelry manufacturers in China. Kingold Jewelry Inc. used 83 tons of fake gold as collateral.[1]

On the basis of Bitcoin being easily verifiable, easily stored, easily transferred, resistant to counterfeiting, and so on, Bitcoin is far better than precious metals. But as a long-term SOV covering generations after generations, I think gold is reliable.

[1] https://news.bitcoin.com/gold-industry-83-tons-fake-gold-bars-secure-2-billion-loans-china/
4829  Economy / Economics / Re: Bitcoin could win the currency war on: March 12, 2021, 01:15:13 AM
I think Bitcoin is not actually involved in the currency war that you are talking about.

There are two currency wars right now. There is that fiat currency war in which the Renminbi is trying to take the global spot of the USD, the Pound Sterling trying to rise and rise against the Euro, and so on and so forth. There is also that currency war in which cryptocurrencies which is, of course, represented by Bitcoin taking up fiat currency as one.

The former, Bitcoin cares not. As regards the latter, everybody knows fiat is a huge underdog.

I have to disagree. As such there is no competition between fiat currency and cryptocurrency. Nowadays hardly anyone is using Bitcoin as a currency. Most of them are using it as a form of speculative investment asset, or as a store of value. Bitcoin is not actually designed for usage as a currency, which can do instant payments. Regardless of the fee, the average time required for new blocks is 10 minutes and that means that instant payments are not possible with Bitcoin.

There obviously is although probably not as strong as the competition between certain fiat currencies. And it reverberates in the strong demand for businesses to accept Bitcoin payment, in the continuous development toward reducing fees and confirmation time, even in the repulsion of certain governments' declaration that Bitcoin is illegal, and so on on.

But I agree that there's a very limited number of people who are using Bitcoin as a currency. However, it is not because it is not designed to be so but because of certain hindrances, which are not all unpleasant since one of the primary reasons why Bitcoin is not spent is that its price is fast appreciating. Nevertheless, Satoshi designed it to be a cash system, so I guess it was meant to be used as digital money.
4830  Bitcoin / Bitcoin Discussion / Re: Do you think CBDC's will be interchangable with cryptocurrencies? on: March 11, 2021, 04:17:36 AM
So if a new monetary system is set in place after a financial collapse and they start to issue CBDC, do you think exchanges will accept them and open markets where they are paired with cryptocurrencies?

First and foremost, the change is not necessarily systemic. It's just form which is changing. The central bankers are still there holding the most powerful positions in terms of money generation and issuance. There might not anymore be printing of money out of thin air, but it is only because printing is already replaced with minting.

And, yes, crypto exchanges won't have other choice but to accept them because they want to offer fiat pairs one way or another.

Quote
And if not how could they stop CBDC from hitting the markets?

They won't stop CBDC from reaching the market. CBDC is the default money, the one used by the state and the population. How could they even stop that?

Quote
What type of effect would that have on the entire cryptocurrency market?

Nothing much. Again, there is nothing essential in the shift from the old form of fiat to digital fiat.

Quote
Also who would want to hold CBDC when they see cryptocurrencies going up in price and obviously CBDC reaming/acting as a "stable coin"

CBDC is the legal tender. You may not prefer to have your savings in the form of CBDC but everybody has the reason to have a certain amount of it.
4831  Economy / Economics / Re: Bitcoin could win the currency war on: March 11, 2021, 03:31:14 AM
I think Bitcoin is not actually involved in the currency war that you are talking about.

There are two currency wars right now. There is that fiat currency war in which the Renminbi is trying to take the global spot of the USD, the Pound Sterling trying to rise and rise against the Euro, and so on and so forth. There is also that currency war in which cryptocurrencies which is, of course, represented by Bitcoin taking up fiat currency as one.

The former, Bitcoin cares not. As regards the latter, everybody knows fiat is a huge underdog.
4832  Bitcoin / Bitcoin Discussion / Re: China Declares War on Bitcoin (?) on: March 11, 2021, 03:01:01 AM
I didn't finish watching the video. The title seems to be a clickbait. It wasn't delivered as a legitimate news either. The broadcaster himself hadn't have much to say, much less sufficient information, to support the weight or the impact of the title. He only had something to say like the channel is demonetized, accepting donation in Bitcoin, and so on.

Furthermore, I don't think this news is reflective of what is truly happening. This is pure exaggeration. I don't even think China is feeling a bit threatened by Bitcoin. If she were, she could have declared once and for all that doing anything related to Bitcoin in the country should perish in 24 hours. China is unimaginably powerful, especially within her land. I haven't heard of Bitcoin miners scampering away looking for another place outside China to continue their business.
4833  Economy / Web Wallets / Re: login credential details with bitcoin apps on: March 11, 2021, 02:13:26 AM
As others have already pointed out, there's no reason why you will keep your Bitcoin in those sites. If you are saying you are only using such platforms for you to be able to purchase Bitcoin, as soon as you have them in your wallet withdraw them right away to a safer wallet which is controlled by no one else but you.

If, for example, you have yet to purchase a hardware wallet or choose the best open-source non-custodial wallet, activate 2FA. Use all available means to bolster your account's security.

You're worrying about something you shouldn't be worrying about. Are you worrying about the bank taking your money and sending it to someone else? Well, this is the same thing. Exchanges make more money and have fewer troubles running their business than trying to rip people off.

He/she is worrying something everybody should be worried about.
4834  Economy / Economics / Re: Bangladesh militants use Bitcoins for laundering money to Kashmir on: March 11, 2021, 01:39:11 AM
~

Uh uh, definitely not. Bitcoin doesn't have a gatekeeper. Bitcoin does not have an administrator like the one we have here on this forum. Bitcoin does not discriminate users. Bitcoin is what genuine freedom is all about. You are a criminal, a pedophile, a politician, a saint, a terrorist, and so on does not matter. You are welcome.
It's pretty sad that this is the final frontier when it comes to morals of bitcoin. If this is freedom is then being locked in a cage safe from all this evils is a far better choice then, we can't just look the other way when there are people that are using it for malicious purpose.

There's no such thing as morals of Bitcoin. Bitcoin is no religion. It's simply a decentralized currency free for all.

If you are to completely avoid all the evils, I'm afraid even if you leave humanity you cannot get away from it. Your mind itself is a bearer of evil.

You and I are moral beings so perhaps we could something when and if Bitcoin is used for malicious purposes but you cannot assign any kind of culpability to Bitcoin itself just as you cannot do the same to a fork which was used to stab someone.

Quote
Quote
Yes, it might look like scratching the surface but there is something more to this and I think that we should be scared of it. As long as there is no real way to prevent terrorist organization and other bad elements from using bitcoin/cryptocurrency, I think that we should treat it as a big deal.

There is no preventing them from using Bitcoin. That is the truth. But, you know, law enforcers will enforce the law. Law enforcement is precisely the reason behind AML, CFT, KYC, and so on. It's their cat and mouse game.

As to Bitcoin, it is there for everyone. In the same manner that countries are not shutting down Toyota car dealers even if ISIS troops are riding on Toyota Hilux. They don't shut down Samsung or Apple or Nokia stores even if these terrorists are communicating through their mobile phones.
I want to believe you that law enforcers will enforce the law but I wasn't born yesterday, law enforcers are breaking the laws too, this world is slowly descending to chaos and we just smile and do nothing about it. Your right about the Toyota cars being used but if the manufacturers were to know that they are dealing with a terrorist, I think that they will not deal with them. Those cars came from CIA so we can't do anything about it.

We share the same doubt, although mine does not stop at law enforcers. How could you be sure that Toyota won't provide cars to bad people while law enforcers do?
4835  Economy / Gambling discussion / Re: Do I need to pay Tax on my Crypto Gambling Winnings? A guide on: March 11, 2021, 01:00:14 AM
In real life, though, it is quite hard to keep track on your gambling bets and winnings and the prices of BTC, ETH, LTC, XRP, or whatever cryptocurrency you are using at the time you placed the bets and by the time your prize was deposited. It's easier to those who place single bets every once in a long while.

There was a time when I place more or less 6 bets in a single NBA game alone when I do live betting. I usually made tens of bets a day at that time. Add to this the deposit and withdrawal that one makes every now and then. Not to mention the fact that a lot are using several gambling sites, probably a couple for dice, another 3 for casino, 1 for poker, 2 more for sports betting, and so on.
4836  Bitcoin / Bitcoin Discussion / Re: China Controls Bitcoin's Future on: March 10, 2021, 01:28:00 PM
In what way will Bitcoin become centralized simply because a lot of miners are dependent on China's cheap electricity? China does not control the miners nor the mining pools nor the manufacturers of mining rigs.

The numbers are already saying that a great majority of new Bitcoins are mined in China. However, there never was a time when Bitcoin's decentralization went even a bit shaky. If it didn't happen when the concentration was very high, there's no reason to fear now when it is continuously going lower.
China controls everything that happens in China...

Bitcoin does not happen in China. Even if China orders a tenfold increase in the energy consumed by Bitcoin miners, or shuts down all Bitcoin mining activities within its jurisdiction, or confiscates and burns all Bitcoin mining facilities and equipment, it won't kill Bitcoin.

Well, China is rich enough that it can probably afford to spend billions and billions just to control more than 50% of Bitcoin's hashrate and then uses such power to attack Bitcoin's blockchain, but I doubt the country is that angry toward Bitcoin to do just that. Even supposing China is that hell bent to attack Bitcoin, it won't be sustainable either. I guess it won't even last for hours.
4837  Economy / Economics / Re: Bangladesh militants use Bitcoins for laundering money to Kashmir on: March 10, 2021, 04:32:09 AM
Because we all want privacy with our financial transactions, the good people and the bad, whether we are hiding something or not.

This does not amount to a big deal actually. Sometimes we are overemphasizing such incidents simply because Bitcoin is involved in it. More often than not, criminals use fiat. Good people use it, too. The same goes with Bitcoin. It is being used both by bad and good people. But in terms of cross-border transactions, Bitcoin is a whole lot better than fiat. We all know that. Terrorists must have also heard of it.
If terrorist organizations can use bitcoin to access it, I think that it is definitely a big deal.

Uh uh, definitely not. Bitcoin doesn't have a gatekeeper. Bitcoin does not have an administrator like the one we have here on this forum. Bitcoin does not discriminate users. Bitcoin is what genuine freedom is all about. You are a criminal, a pedophile, a politician, a saint, a terrorist, and so on does not matter. You are welcome.

Quote
Yes, it might look like scratching the surface but there is something more to this and I think that we should be scared of it. As long as there is no real way to prevent terrorist organization and other bad elements from using bitcoin/cryptocurrency, I think that we should treat it as a big deal.

There is no preventing them from using Bitcoin. That is the truth. But, you know, law enforcers will enforce the law. Law enforcement is precisely the reason behind AML, CFT, KYC, and so on. It's their cat and mouse game.

As to Bitcoin, it is there for everyone. In the same manner that countries are not shutting down Toyota car dealers even if ISIS troops are riding on Toyota Hilux. They don't shut down Samsung or Apple or Nokia stores even if these terrorists are communicating through their mobile phones.
4838  Economy / Service Discussion / Re: Binance Savings on: March 10, 2021, 03:52:57 AM
Just my couple of Satoshis.

You want to do savings, it better be done in the safest ways possible. Definitely, that does not include handing it to someone else.

Forget about that very tiny yield. It cannot pay for the risks and the possible troubles along the way.

I once got involved in such stuff. There was a sort of a rebranding or a restructuring whatever and they're changing tokens. They give the clients a few months to do the swapping. I was not monitoring everything. I missed the deadline. Funds are gone. This is not your case. But, surely, there will be all kinds of troubles along the way.

You better keep your savings to you and you alone. Just stack Sats. It's probably more worthy.
4839  Economy / Economics / Re: Bangladesh militants use Bitcoins for laundering money to Kashmir on: March 10, 2021, 03:19:02 AM
Because we all want privacy with our financial transactions, the good people and the bad, whether we are hiding something or not.

This does not amount to a big deal actually. Sometimes we are overemphasizing such incidents simply because Bitcoin is involved in it. More often than not, criminals use fiat. Good people use it, too. The same goes with Bitcoin. It is being used both by bad and good people. But in terms of cross-border transactions, Bitcoin is a whole lot better than fiat. We all know that. Terrorists must have also heard of it.
4840  Bitcoin / Bitcoin Discussion / Re: China Controls Bitcoin's Future on: March 10, 2021, 02:52:08 AM
In what way will Bitcoin become centralized simply because a lot of miners are dependent on China's cheap electricity? China does not control the miners nor the mining pools nor the manufacturers of mining rigs.

The numbers are already saying that a great majority of new Bitcoins are mined in China. However, there never was a time when Bitcoin's decentralization went even a bit shaky. If it didn't happen when the concentration was very high, there's no reason to fear now when it is continuously going lower.
Pages: « 1 ... 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 [242] 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 ... 442 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!