Bitcoin Forum
May 30, 2024, 08:43:25 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 [28] 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 ... 1038 »
541  Economy / Speculation / Re: BTC has hit ATH against Turkish Lira on: August 09, 2020, 11:57:41 AM
Yeah that's why you see us coming to the space in our numbers (speaking about enthusiast from my geographical area) and Africa at large. Our native fiat currency gets devalued almost yearly. In fact every month, you holding Naira would likely give you less dollars but that's not the case with bitcoin.

99% or more of people will simply stick with the dollar. For most people that gets the job done in a vastly more widespread and straightforward manner.

It's similar to that Greek banking crisis. Bitcoiners were touching themselves at the idea of millions of Greeks pouring into Bitcoin to save themselves... or they simply grabbed Euros in cash where they could.
542  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 08, 2020, 10:01:35 PM
Wanna elaborate?

I'm not up on him.

Cut him and he bleeds Blockstream all over you. And he does it in a rather trollish manner.

Not totally sure what my feelings are about the whole Blockstream thing, but he's one of those people who you already know what their point of view will be without having to check what they've actually said. Such people sideline themselves and everything they touch.
543  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 08, 2020, 09:02:22 PM
A pretty good news source has just born:

I'll be interested to see what it comes out with but anything with Samson Mow involved has murdered its objectivity before it was born. He could do with getting a nice job on a fishing boat or something.
544  Bitcoin / Bitcoin Discussion / Re: Do scams harm Bitcoin's reputation in the mainstream world? on: August 08, 2020, 08:51:48 PM
I think it makes people, who otherwise wouldn't be, wary and they may approach it with increased caution. I'd say this is no bad thing. There's plenty of ways to screw up.

On the other hand it also subconsciously tells people it's worth something and therefore worth investigating. No one screws another person for a non existent pay day.
545  Bitcoin / Bitcoin Discussion / Re: Will the need to increase BTC's max supply arise in the future? on: August 08, 2020, 08:39:49 PM
A more realistic and still viable solution would be to mainly deal with satoshis rather than Bitcoins and perhaps split satoshis into smaller bits. This, however, would only make sense if the scalability issue is solved, and transactions can cost 1 Satoshi or less.

Lightning networks can do that. You can divide a satoshi by another 1000. The question is whether they'll solve all the other stuff like being simple, safe and appealing enough to become the de facto front end for Bitcoin. I certainly ain't convinced yet.
546  Bitcoin / Bitcoin Discussion / Re: Dead by 2106 on: August 08, 2020, 08:25:43 PM
i'm not sure which forks you're referring to. the fork that fixed the 2010 overflow bug was a soft fork. so was the fork that fixed the 2018 inflation bug.

March 2013. I guess it's more of a rollback of an accidental hard fork that everyone agreed to reject. The principle is the same though. Everyone acted in unison to kill of a troublesome development.
547  Bitcoin / Bitcoin Discussion / Re: Dead by 2106 on: August 08, 2020, 07:32:25 PM
There've already been two hard forks have there not? Both of them were to fix totally uncontested problems. I've no doubt they're willing to do it again many years down the line too. If you want to make a squabbly stand against such a fork you'll be gaily steamrollered and left for dead by everyone else.
548  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs on: August 08, 2020, 05:58:18 PM
Considering the shrieking meltdown that occurred when it went for the stars from which there has been no recovery, and there were after previous wobbles, I find that a leetle hard to buy.

Good luck all the same.
549  Economy / Trading Discussion / Re: Why do exchanges get away with faking trade volume? on: August 08, 2020, 12:38:09 PM
It wouldn't matter if 199 countries set up the most exquisite regulation in existence, if the 200th doesn't that's where all such places will end up. Most customers won't know any different, or care.

This is a symptom of the medium it lives on. It ain't changing. There'll always be enough morons who run straight into the arms of these fuckholes. The best thing that can happen is that the best platforms keep improving.
550  Bitcoin / Bitcoin Discussion / Re: Will the need to increase BTC's max supply arise in the future? on: August 08, 2020, 12:52:02 AM
If it's increased once it'll be increased again which means it's never going to happen as down that road outrageous dilution and endless splintering lies.

The longer Bitcoin stays alive the less likely the prospect of a fundamental change in its nature is. There'll be simply too many clashing points of view to ever reach enough consensus for a change that profound. It could well lead to a bunch of forks once more but they'll be ultimately irrelevant like all the others.

I'm yet to be convinced lightning networks will ever amount to anything, but they have the ability to break a satoshi down into 1000 smaller units. If that's still a problem we'll all be so dead and/or so incomprehensibly rich we'll be long past caring.

551  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 07, 2020, 07:06:27 PM
All this I can take, as long as the girl is "girly", i.e., she behaves like a female and not like a male.  Wink

The sight of a woman holding a sledge hammer is a no-no for me. Instant turn-off...

I hope you give your lovely ladyfriends fair warning of this.

If on your wedding day she moves a hedge trimmer out of the way of her bridal train and you scissor kick her in the throat and run for the hills she'll feel like she's owed an explanation.
552  Other / Meta / Re: Make this forum a better place - part 1 on: August 07, 2020, 05:54:28 PM
Even more important - please don't quote an image - we've seen it once, and that should be enough.

It is very irritating indeed but sometimes that can be the entirety of someone's post. It would be better if a quoted image were minimised but I've zero idea whether a forum can automate that.
553  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 07, 2020, 04:03:14 PM
I'm in.

It's a date. Cool.
554  Economy / Economics / Re: What should you learn so you never get affected by a economic crises ? on: August 07, 2020, 03:59:33 PM
Become independently wealthy?

If I were just starting to ponder what career to go into I'd be pretty stumped as to what was going to be future proof. No one is going to hold back on AI and automation development for the sake of the greater good. If it can be done, and it does it better and cheaper, it will be done.

It's hard to think of anything it won't touch. Even areas where we would expect humans to excel such as creativity may be faked convincingly enough. The people commissioning it are going to be willing to give up a bit of flair if a good enough result arrives in seconds and costs effectively nothing.
555  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 07, 2020, 03:31:16 PM
I believe that with no doubt. that is why I am so in love with you.  Kiss

Hands off. He's mine. I aspire for us to go to far right summer camps together to get our Aryan testicles waxed by sympathetic milky white maidens while we hold hands.
556  Other / Beginners & Help / Re: Sending BTC as a gift to someone who doesn't have a wallet on: August 07, 2020, 03:28:20 PM
She won't have the slightest clue what to do with a paper wallet. She won't take email security seriously enough and will leave the raw attachment there for anyone to pick up. You'd be better off not giving them anything at all.

Downloading, installing and backing up a wallet is simpler than handling a paper wallet. Get her to do that or leave the idea alone.
557  Economy / Speculation / Re: Custodial accounts for bitcoin the more important than could have ever thought on: August 07, 2020, 03:15:22 PM
The most gaping one to me is customers not taking their own account security seriously enough and leaving their email and sim card open to hacking and emptying their account. And the likelihood of this happening is way, way higher than it happening with even the crappiest of phone wallets.

The average person is fooking hopeless with online security and no matter how much shouting somewhere custodial will give them they're going to say 'yeah, yeah' and disregard it. Then they'll squeal long and loud when their account gets drained.

Since custodial will attract more average and therefore careless people they're going to have their work cut out to force them to up their game. They're probably going to fail at it. I dunno how they're going to square this circle.
558  Economy / Speculation / Re: Bakkt on: August 07, 2020, 02:46:40 PM
It's going to be interesting to see how places like this and CME are going to react as the actual Bitcoin market starts to take control again. They're going to rue the fact that they're not 24/7 and traders of the real deal are going to exploit this to the hilt.

'Taming Bitcoin' may likely turn out to be the exact opposite as it wreaks havoc.
559  Economy / Speculation / Re: BTC has hit ATH against Turkish Lira on: August 07, 2020, 02:40:02 PM
ATH's due to increasing worthlessness are meaningless other than demonstrating why people in such places should be in BTC. I remember the laughable surveys saying 20% of Turks were balls deep in Bitcoin. Maybe an actual few wish they were.
560  Economy / Speculation / Re: Custodial accounts for bitcoin the more important than could have ever thought on: August 07, 2020, 11:13:02 AM
This is something I actually worry about. Imagine a future where custodians like Bakkt and Fidelity control a significant chunk of the Bitcoin supply. What happens when they get hacked, and then we get a state-backed rollback attempt?

That'll up the ante far beyond what we saw in 2017 with the 2x posturing from Bitcoin startups. Imagine the US government backing a hard fork. Tongue

I wonder what's buried in their terms and conditions about such a situation. It must be in there somewhere.

It would certainly focus a few minds and likely not for the better. These big bucks rolling in should really give this more thought. It's not like anything else they've ever gotten involved in in this particular aspect.

Dollar redemption is the obvious one but no one will be insured for a cold storage heist. And hot wallet coin insurance is yet to be put to the test either.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 [28] 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 ... 1038 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!