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521  Economy / Speculation / Re: Does bitcoin price increase after halving? on: September 25, 2023, 11:36:58 PM
It did in the past, but we can already say that the rate of price increase due to halvening is decreasing. Previously it was like x100 gains or x20 gains, now it will probably be x5 or x3. Eventually it will stop having any effect at all because going from an already a tiny reward to a half of a tiny reward is not changing much.
522  Bitcoin / Bitcoin Discussion / Re: How to keep safe the mnemonic phrase - Whats Your method? on: September 24, 2023, 11:57:50 PM
If you are living in an unsafe place, use a passphrase. If you lose your passphrase backups, you will lose your coins, just as if you lose your seed phrase backups. Do not backup passphrase together with your seed phrase.

Password is not a universal solution, because it comes with a risk. Losing it means losing the wallet too, so you are increasing your chance of locking yourself out of your funds. Theft and hacks are not the only danger, accidental loss of keys is probably a more common threat.
523  Bitcoin / Bitcoin Discussion / Re: Hate speech and it impacts on bitcoin on: September 22, 2023, 11:58:35 PM
Those who hate bitcoin see bitcoin as a scam and other crime scheme. So with their view on it they see bitcoin users as scapegoat, criminals and money laundering and some special advisers in the government see bitcoin from this perspective so they advised the government to ban bitcoin in their country. And this cause a social trauma between these two groups.

People who think Bitcoin is a scam view bitcoiners as a victim of a scam, rather than the scammers. And thinking that if someone owns Bitcoin then they must have obtained it through crime is a pretty big stretch. I don't think I ever witnessed such line of thinking in a Bitcoin critic that I encountered.

Let's not look for oppression where there is none.
524  Bitcoin / Bitcoin Discussion / Re: Satoshi's Intention/Vision For Bitcoin on: September 22, 2023, 11:48:46 PM
Satoshi vision this, Satoshi vision that. Bitcoin belongs to us all now, because Satoshi entrusted it to us - the community. We can decide what it should be, and those who don't agree can make a fork. In some way we are all Satoshi. Even people who use it only as an investment are Satoshi.
525  Bitcoin / Bitcoin Discussion / Re: How Bitcoin can provide Subscription Auto Renewal solution on: September 21, 2023, 11:28:07 PM
This can be done easily with the custodial wallet, but if you have a non-custodial wallet, you must write a library[1] or use open source scripts[2] that have automatic automation of transactions so that the amount of X is sent every first day of the month at 12:00 and thus you can automatically renew your service.

Foxpup did this with @LoyceV's Avatar

Two hundred and thirty-second week paid.

Two hundred and thirty-first week paid.

[1] https://github.com/ofek/bit
[2] https://electrum.readthedocs.io/en/latest/cmdline.html#how-to-use-the-daemon

Just keep in mind that if you make a mistake in your code and it sends the wrong amount, it would be nearly impossible to fix it. I suspect that some of those cases of enormous transaction fee could be a bug in automated script that mismatched the transaction amount and the fee, or miscalculated the fee.
526  Bitcoin / Bitcoin Discussion / Re: A matter of family conflict regarding Bitcoin. on: September 21, 2023, 10:21:57 PM
Bitcoin is getting more and more popular, and it is labeled with many different stories. I can see many people blaming Bitcoin as the cause of all the problems, but clearly the main problem is people causing them related to Bitcoin.

Who really cares about a single incident, you can read stories about arguments turning into murder with literally any reason for the argument, like political preferences. You shouldn't be so anxious about Bitcoin that you view any negative news featuring Bitcoin as a directed attack on it or a sign that public opinion will turn against Bitcoin.
527  Other / Beginners & Help / Re: Investing with Bitcoin will be the most profitable project of life. on: September 20, 2023, 11:55:47 PM
This means investing with Bitcoin will never count as a loss project. Bitcoin is our future profitable investment.And patiently we should spend more time behind Bitcoin.

No it doesn't. Past performance is not a guarantee of future performance. You need to answer what was driving the price growth in the past and would the same force be present in the future? Spoiler: no, because Bitcoin experienced this explosive growth due to being new and unknown to most people in the world. This phase is over, many people who wanted to invest have already invested, and those that didn't won't change their mind easily.
528  Bitcoin / Bitcoin Discussion / Re: What Do you think Satoshi Would Think About Today's Bitcoin? on: September 20, 2023, 11:38:33 PM
Satoshi will be sad because people are use Bitcoin completely opposite to the whitepaper.

People are prefer to hold their coins in centralized exchange than non custodial wallet.
People are view Bitcoin as a commodity than as a currency.
People always judge Bitcoin price in USD or local fiat requirement than 1 BTC = 1 BTC.
People don't care about decentralization and privacy, they choose to rely on centralized entity and share KYC to any unknown site.
Many countries are still ban Bitcoin which make no freedom.

Bitcoin itself didn't change much after Satoshi left, but Bitcoin community sure did. When he was active on the forum, the members were very enthusiastic about Bitcoin use, cypherpunk, financial revoulation. These days the users are mostly talking about the price, and even if they talk about how fiat currency is bad, it's only to justify being bullish on Bitcoin.
529  Bitcoin / Bitcoin Discussion / Re: How do you feel when you look at your first Bitcoin wallet? on: September 19, 2023, 11:58:05 PM
Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.


I too have a lot of spending transactions in my first Bitcoin wallet, and I don't feel any regret, because I have enough BTC from those earlier days to make me happy today. Sure, it would be great to have even more, but it could also be a lot worse if I wasted all my coins. In that case I would have to just accept the past mistakes, learn from them and work towards the future goals.
530  Other / Beginners & Help / Re: The best way to use fingerprint to unlock your bitcoin wallet on Android on: September 19, 2023, 11:49:18 PM
but surely it is good to tackle in a situation when someone is trying to access your phone physically without your permission.

A pin is already a solid defense against that, and adding a fingerprint strengthens the security, but doesn't make it impenetrable. The attacker might use their finger while the victim sleeps - a realistic scenario if the attacker is a close person to the victim.

So no matter how good is the phone wallet security, it's only suitable for small amounts and not for all Bitcoin savings.
531  Bitcoin / Bitcoin Discussion / Re: It is only Bitcoin and nothing else on: September 18, 2023, 10:54:25 PM
I was heartbroken seeing that some tokens who raised millions of dollars, had huge community and were trending even in various platforms just died. I wanted to not mention any particular token but I have to mention PumaPay that raised about $8 million yet could not deliver anything and got investors holding a bag of shit.


They never plan to deliver anything, they put the raised money into their pockets and fake activity for a few months until it becomes acceptable to silently abandon the so-called project. This is the destiny of nearly all tokens and altcoins. And the so-called community that hypes the so-called project is just a bunch of hired bounty hunters.
532  Other / Off-topic / Re: Craig Wright deliberately made a fool of us all with his cyrptographic proof on: September 18, 2023, 10:01:15 PM
but for me the mindset this is coming might indicate he may indeed be Satoshi Nakamoto.

You know that people can pretend to have convictions? Or even if they do have them, this is in no way an argument that they are an anonymous person with same convictions.

This argument that intentionally refusing to prove to be Satoshi proves being Satoshi is just totally devoid of logic. It's just some mental gymnastics for CWS cultists.
533  Bitcoin / Bitcoin Discussion / Re: A friendly reminder by the Author of Rich Dad Poor Dad should be taken serious on: September 18, 2023, 06:48:06 PM
However, he is correct in that the bitcoin price will reach $120,000 very soon. It probably won't happen next year though, but maybe in two years.

Will it stay at $120k or will it briefly touch it before crashing? How many people will use the opportunity to dump at $120k and how many will decide that this isn't the peak, or will just miss it because it lasts only a few hours and they were sleeping when that happened.

I think all this hype about certain price milestones distracts investors from actually investing - buying and selling to take profits at a good price.
534  Bitcoin / Bitcoin Discussion / Re: How Do I Verify the Integrity of Open-Source Code on: September 17, 2023, 11:16:23 PM
The general advice is the a Bitcoin tool such as a wallet is okay to use if it is open-source.

No it's not. The general advice is that closed source wallets are bad, but this doesn't make all open source good. If you can't review the wallet code yourself, if no one that you trust has reviewed it, then it's not too different from a closed source. Like, there's less chance that someone would put backdoors into an open source wallet, because it's possible to spot it, but this doesn't mean that no one will try such thing.
535  Economy / Speculation / Re: Key Accelerators to bitcoin bull market on: September 16, 2023, 09:26:28 PM
Only halvening can be considered the force behind a bull run, the rest of the mentioned factors can only be "bullish news" that help to accelerate the existing bull market. It's not even clear if they actually affect the price, or if the crypto media tends to pay more attention to them during a bull run, and ignores them when it's bear season and such events don't positively affect the price.
536  Economy / Speculation / Re: Bitcoin will reach all-time-high before halving. - BitQuant on: September 16, 2023, 08:53:40 PM
In the past the price reached and surpassed the previous peak aka ATH at around the halvening, but this doesn't mean it have to happen again with the next halvening. Halvenings are not equal, every halvning is weaker than the previous one, because a smaller share of total supply is being cut. Already over 93% of all coins have been mined, so I don't think we should expect from the next halvenings the same performance as when only 50% or 75% of the supply was mined.

We already saw the slow down of growth during the previous cycle when the ATH only increased from $20k to $69k, and not to $100-300k like many tried to predict based on past performance.
537  Bitcoin / Bitcoin Discussion / Re: Bitcoin is very safe coin because of good developers on: September 16, 2023, 07:02:23 PM
"Very safe" is an understatement, it's literally the safest coin and the gap between Bitcoin and altcoins is enormous. Bitcoin has hundreds of contributors, while altcoins have just a few or a small team. Another big difference is motivation - Bitcoin devs work on Bitcoin because they are enthusiastic about it, altcoin devs just launch a coin to sell their premine or are hired by someone who will do the same. So Bitcoin is in the same league as large open-source projects like Linux, while altcoins are closer to penny stocks scams.
538  Economy / Economics / Re: Economics is not fulfilling its true potential as a science on: September 15, 2023, 11:48:47 PM
What do you think about economists, who study the theories of economics and brag about being vast in the study of economics, yet doesn't help or contribute sufficiently to control or stop world economic meltdown?  


What meltdown? The global economy is growing, global poverty is declining, developing countries are developing. We just recently had a global pandemic and we handled it quite well, it didn't become a Great Depression 2.0.

So far all the dooming about the repeat of 2008 crisis has been proven wrong. This of course doesn't mean that there will never be a crisis, but to say that the field of economics is useless and yielded no results sounds absurd to me. Today's economy seems more resilient because the hard lessons of crashes were learned.
539  Bitcoin / Bitcoin Discussion / Re: Bitcoin kwoledge is not complete without bitcoin investment on: September 15, 2023, 11:11:20 PM
Well of course if by "Bitcoin journey" you mean investing in Bitcoin, then it's not complete without actually investing. And simply studying Bitcoin will not yield any results if you don't obtain Bitcoin one way or another.

But remember that you don't have to be a Bitcoin expert to profit from Bitcoin. Bitcoin price movements are not dependent on your Bitcoin knowledge. And trying to trade to always profit from any price movement will likely backfire, because most short-term traders are losing money.
540  Other / Beginners & Help / Re: The power of influencials and brand ambassadors, don't fall for it. on: September 14, 2023, 11:33:44 PM
I doubt that people who are already interested in crypto can be influenced by celebrities, it only works on people who don't have any crypto and know nothing about it. However, crypto enthusiasts can be influenced by so called crypto experts - those who have made their name in crypto by starting a company, launching a project or even just talking about crypto a lot. This is as dangerous as getting influenced by a clueless celeb, because the experts can too promote a scam if they are paid well enough. Or they can promote a shitcoin that will collapse because its a shitcoin.
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