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5181  Bitcoin / Bitcoin Discussion / Re: Will bitcoin be the ideal currency of the future? on: April 24, 2020, 05:21:13 AM
When I say ideal I mean:

  • People cannot born them from blown air and some day they will not be able to earn from coinbase's rewards.
  • Over time, it will still have value.
  • It cannot be spoiled by human.
  • It is decentralized, no one controls it.
  • You can send/receive the currency really quickly.

These are some basics requirements for the ideal currency. But I have a question. There are public and private keys out there. You can take anyone's public key and send him/her bitcoins. In the future, like 2100, you understand that technology is advancing. Those years I believe that brute forcing a private key will not be something impossible. Do you think that bitcoin will be spoiled by human in the future?

Should bitcoin use SHA512? Or something even stronger?

1.AFAIK Coinbase rewards are mostly altcoins(if you are talking about their Coinbase Earn program).
2.Bitcoin will have value as long as people continue to use it.
3.Everything can be spoiled by humans.
4.No one controls it?I hope nobody will control the blockchain after X amount of years,but we can't be 100% sure.
5.If you want real quick transactions just use fiat or some lightning fast altcoin.I still don't get why people always want instantaneous transactions.Will the end of the world come if you wait for 30 minutes? Grin
5182  Bitcoin / Bitcoin Discussion / Re: Bitcoin Masterbating 2.0 Emails, don’t fall for the trap. on: April 23, 2020, 12:13:50 PM
I'm glad I don't have a webcam on my laptop. Grin
Anyway,I'm curious about how the scammers manage to gather a big email list,so they could mass email.
They might be using email scraping software or some security break into a cryptocurrency platform,that reveal the emails of all user accounts.
However,the process of mass emailing is really simple and can be executed for free.There's an Amazon Web Services(AWS) SaaS called Simple Email Service(SES),which allows people to send up to 50K emails for free AFAIK.People can use even Google Groups to send mass emails for free.
Unfortunately,creating such email scam is very cheap and really easy. Angry
5183  Bitcoin / Bitcoin Discussion / Re: What happend..... on: April 23, 2020, 11:52:06 AM
1.Governments wanting taxes and control?...Hmm,yeah that's what governments want since the beginning of the human civilization.Are you surprised or something?

2.Exchanges requiring ID (KYC). That's government regulation,the exchanges have to comply by the law in order to continue their business.KYC isn't effective and can't stop scammers,but it has something to do with paying taxes. Grin

3.Developers requested making themselves public....Who requested that?I don't see any news about this.

4.Crypto "Messian" people.Well,those people are a certain kind of entrepreneurs.
There are "make money online gurus" "crypto gurus" whatever you can think of "gurus"  
Just ignore them.Most of the "gurus" and "messiahs" are con artists and scammers.

Was the 2013 crypto climate better than now?
Back then,there were scammers everywhere and every bitcoin related website was a potential scam.
5184  Economy / Economics / Re: BTC and Stock vs Oil price on: April 23, 2020, 07:13:40 AM
The stock market is impacted heavily due to the drop in oil prices. Do you all think it will impact the BTC prices as well?

1.The same question has been asked a few days ago in another thread.Comment there instead of creating new forum posts about old questions.
2.Anyway,to answer your question:Are you currently tracking the current BTC and oil prices?If yes,then your question is pointless.The BTC price isn't moving anywhere,there's no impact from the lowest oil price in the past 20 years.There's no connection between those markets and there never will be.
For some reason,the current situation around the Oil markets is a trending topic here,but we,after all,are a cryptcurrency forum,not a forum about oil production and oil markets. Grin
5185  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin Become Negative in Value? on: April 23, 2020, 06:41:55 AM
The negative crude oil price was very absurd and kinda funny.There's no such thing as a "negative price" in the normal world of market economy.
A negative price of -37 USD means that sellers will have to PAY YOU in order to convince you to "buy" their product(which is free).This is absurd and it will never happend.
Most Oil producing countries will be fine.Russia will face some hard times in the short term and the rich monarchies in middle east will have to cut their spending  for luxurious goods for a while.
Anyway,the Bitcoin price can't become negative,it might go close to 1K or below,due to a mass worldwide ban,but it will never be close to 0$ or below 0$.
5186  Bitcoin / Bitcoin Discussion / Re: Why Bothered with Complicated Bitcoin wallets/Addresses on: April 23, 2020, 06:27:01 AM
"Complicated" changes based on how well you understand something. Even someone that I know said using Electrum is really difficult at first. Not to mention Blockchain is not really good for a wallet, you better not use them or any online wallet that stores your encrypted details at all. While the risk of brute force is there is a lot of different attack vectors out there.

There is no need to sweep just because you change your main wallet. Just import your seed/private key on the new wallet and ditch the previous one so no one would be able to access your wallet by accident. As for the address generation, you can use vanity generators which I believe is easy enough to use and it's not that complicated.

Yeah,this thread is basically a newbie forum user recommending Bitcoin wallets to more experienced forum members,who are more aware than him about all risks regarding Bitcoin wallets.
When newbies try to act as experts and come from a position of some kind of authority,this makes me laugh.
I consider myself an experienced Bitcoin users,I do NOT consider myself an expert about using wallets or cryptocurrency trading platforms.I can give advice and recommendations to people about topics regarding cryptocurrency just like that.
It seems irresponsible to me.
5187  Bitcoin / Bitcoin Discussion / Re: $3 billion in 'dust' to enter the market will push the bull run past the halving on: April 21, 2020, 12:07:33 PM
According to messari a crypto data gathering company has explained all this dust is just accumulating ready and posed to enter the crypto space soon.
https://dailyhodl.com/2020/04/19/3000000000-in-dry-powder-poised-to-enter-bitcoin-btc-and-cryptocurrency-markets-messari-ceo

Been listening to them since they are a website many are using now with turning away from using coinmarketcap at being a centralized market watching website with the acquisition by binance a month ago.

3 billion USD for me is just "meh"... Grin
It might pump the crypto prices by 10% but that's all.We need tens of billions of dollars,even trillions to make Bitcoin hit the moon.3 billion US dollars isn't even worth discussing.
I've never heard about this Messari company and I don't know what makes you think they are more legit than Coinmarketcap?I don't claim that Coinmarketcap are "trusted" after Binance bought them,but why Messari should be considered more trusted than CMC?
5188  Bitcoin / Bitcoin Discussion / Re: Another crypto youtuber given a ban for breach of terms of service. on: April 21, 2020, 06:06:45 AM
I don't think that the Youtube algorithm has something to do with this.
I guess that this guy has some competitors or enemies that are mass reporting his videos(maybe the scammer that he retrieved the money from wants vengeance).
It's good to know that he had his Youtube channel back after going thru the process.
If Youtube recovers crypto related channels,this means that they have nothing against crypto content and they aren't mass banning cryptocurrency related channels and videos.
5189  Economy / Trading Discussion / Re: My trading strategy on: April 20, 2020, 11:31:39 AM
I wouldn't call this a strategy.It looks more like a tactic to me.
A trading strategy is a long term plan about what to do with your cryptocurrency portfolio and how to maximize profits and minimize loss if certain things happen-bullish markets,bearish markets,price crash,etc.
A good strategy requires lots of accurate information about the market to be gathered everyday.
Relying just on candlestick charts and using no indicators doesn't seem reasonable to me.
OP,maybe you could share more about your experience with this tactic.Do you have more successful trades and lost trades?
5190  Economy / Speculation / Re: Bitcoin Price to hit $400k a prediction by an analyst *face palm* on: April 20, 2020, 11:08:42 AM
And how this "Dave the Wave" predicted the last year Bitcoin price crash?Any good detailed analysis posted by this "analyst" somewhere online?I'm sure that he was just guessing and he got right by almost pure luck.
A 400K USD Bitcoin price means trillions of dollars invested in the cryptocurrency markets.It also means mass BTC adoption across all major and middle-sized companies,banks and investment funds.
I simply can't see this happening.
5191  Bitcoin / Bitcoin Discussion / Re: Why did satoshi use "upload.ae" domain when uploading his pre whitepaper draft? on: April 20, 2020, 05:43:48 AM
Using this particular file sharing website just because it was free doesn't seem like a right conclusion to me.
I'm not familiar with file sharing websites back in 2008,but I'm sure that there were many free file sharing websites with .com domains.Why would the owner of a file sharing website service purchase a domain extension connected with the United Arab emirates and run Google ads to gather worldwide visitors?
People in western countries won't trust such weird .ae domain.They will definitely trust .com/.org/.co.uk domains.
5192  Bitcoin / Bitcoin Discussion / Re: I just think privacy is more important with financials. on: April 20, 2020, 05:09:20 AM
It seems to me that you are kinda promoting this convertsring.com website.
I don't usually post my BTC addresses here and there on social media platforms,so I don't need hex codes or some other privacy measures(I've never heard about hex codes,I'm not that tech savvy).People can see how are you spending your coins.So what?They can't see your private keys or your wallet password.I don't see a problem,if we are cautious enough.
Privacy becomes more valuable in the modern world,because it's way harder to keep it.
5193  Economy / Speculation / Re: [NEWS] Former Bakkt CEO to Sell All Holdings After Insider Trading Accusations on: April 19, 2020, 11:36:35 AM
The former CEO of Bakkt is a Senator?I didn't know that.
They say they were selling because of the coronavirus?Yeah,right,now the coronavirus is an excuse for everything.I'm not familiar with the US legislation,but can a crime like "insider trading" get those two into jail?
I think it can. Grin
Damn,last year so many people were thinking that the Bakkt project will pump the Bitcoin price to a new ATH.
I was skeptical about it and I was right.

5194  Bitcoin / Bitcoin Discussion / Re: 🏰 The Bitcoin Castle ₿ — Awessome Crime / Mystery / Dark Comedy Shortfilm on: April 19, 2020, 11:25:42 AM
Seems like a soap opera to me. Grin
Maybe the creator should add a comedy element at the end.Something like "Luigi and Astrid finally get those 42 bitcoins,but after one day,the bitcoin price collapsed to 10 USD"... Not quite accurate with reality,but the FUDsters+Craig "Fakesothi",Roger Ver and the altcoin supporters would love it. Grin
It's good to know that more creative people start "promoting" Bitcoin in their art,even though I wouldn't call such short film "art". Grin
5195  Bitcoin / Bitcoin Discussion / Re: Bitcoin halving 2020 is almost here, are you ready? on: April 19, 2020, 06:26:28 AM
Great infographic,all credit goes to fox.exchange,but OP you should add your point of view about the BTC halving.
I feel like I care less about the halving(the more we get closer to the halving date). Grin
I think that nothing big will happen in the cryptocurrency markets,there will be no bullish rally and no price crash.At May 13,the coronavirus pandemic will come close to it's end,so everyone will be way more optimistic.However,I don't expect the cryptocurrency prices to skyrocket soon.They will probably start skyrocketing somewhere around November 2021.
5196  Economy / Economics / Re: The US Stimulus - How do you feel about it ? Too little to late? on: April 19, 2020, 06:08:39 AM

The US Stimulus - How do you feel about it in general and also in how it is divided?


Do you think more should have gone to small businesses and families/individuals?




Yes,too little and too late.However,Trump is talking about removing the lockdowns in more states,which means that more businesses will start working again,which is better than just giving money to the people for nothing.
When it comes to small businesses,I think that lending money with low interest rates and long payout is more flexible option,rather than just giving financial help.The stimulus plan might create inflation,after the pandemic is gone.
5197  Bitcoin / Bitcoin Discussion / Re: If we are to start from beginning. on: April 19, 2020, 05:48:39 AM
I was thinking if the world has the opportunity to restart again as the covid-19 pandemic has "made" it to look like, that different people would have this thought going on in their head. If the economy would have to begin again from the start, what would you want it to be like?
Things you want to exclude or include especially with the economy in relation to bitcoin. Don't include move to regulate bitcoin because it is not going to work  Grin.

** I would like btc to continue pairing with USD. Grin

I would like the US government debt to be reduced and the Federal reserve system to stop printing US dollars and stop pumping the financial markets and creating bubbles.This isn't a steady economic growth,this is like pumping a fitness athlete with steroids.It looks good at the beginning,but it has devastating results in the end.
In the cryptocurrency world,I would like 99% of the shitcoin/altcoins to disappear(especially the centralized Ripple). Grin
5198  Economy / Service Discussion / Re: Remember Plustoken? they are still active and massive sell-off keeps going on on: April 18, 2020, 11:34:05 AM
Plustoken was a typical HYIP ponzi scheme that exit scammed(like every other HYIP ponzi scheme).
I hope that the team behind this scam gets arrested and convinced(or punished) to return all stolen BTC and ETH.There's no nothing we(of crypto exchanges) can do.There authorities have to step in.
Only thing we can do is to promote the simple "disclaimer",that everyone who invests money in such projects is going this at his own risk and there's always the possibility of losing all his investment.
People will always have to do their own research before deciding what to do with their money.
5199  Economy / Economics / Re: USD will lose its status of being reserve currency? I am scared. on: April 18, 2020, 11:19:57 AM
You are scared of the US dollar losing it's "reserve currency" status?Are you a Bitcoin supporter or a USD supporter?
If you ask me,the status of the US dollar as a reserve currency does more harm than good to America.
The Federal reserve system just prints dollars and sells them to the rest of the world,the government debt and the budget deficit of USA are so insanely big because of the USD reserve currency status.
If USD is no longer a reserve currency,the global debt bubble might not get so pumped and there's a chance
for us to avoid the financial Armageddon.
5200  Bitcoin / Bitcoin Discussion / Re: Massive Bitcoin Sextortion Scam Emails Sent to U.S Users - DON'T PAY on: April 18, 2020, 11:12:49 AM
This type of blackmail adult email scams is as old as the internet.
Why do you care about this?Yeah,the scammer wants Bitcoin payments,but nobody with a brain would believe this blackmail and pay 1000 USD for nothing.Seems like people with internet connection,living in some third world country have nothing to eat,so they decided to do this desperate old email spamming blackmail scam attempt.Ignore this and move on.
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