You could get a hell lot of information about centralization vs decentralization. You should have probably known it by now if you would have done some googling.
If you still didn't understand it then just watch the below video which explains in brief about centralization vs decentralization.

Centralization vs Decentralization

Well, I don't think any of these really matters if you are just using a PC for trading because all you need is a browser with an internet connection.
The security does play a role if you are storing your coins in your PC because you would want to protect your private keys with higher security.

Any PC would do fine. I use an intel i3 laptop with 4 gigs of RAM. I don't use a VPN, I just use a hotspot from my phone and without any antivirus for my own reasons.

You are gonna risk your account for plagiarism if you do not quote the post properly. There are bots that identify a post for plagiarism automatically. Hence I would recommend you to quote the post properly.


And that's how the third parties take advantage of your situation and thus scam you.
Freedom does mean to do anything with your coins, but it also invites scammers and hackers to your den.

I have. I have lost money buying bitcoin simply because the market went against me.
But yeah, I didn't lose hope and reinvested for I know that at some point I will recover my investment and I did.
You only lose your money if you sell but if you reinvest then you recover 

Yes, exactly!
Bitcoin is truly open source and hence nobody has the right to declare it legal or illegal. Even if somebody does, it won't simply matter for the fact that they are not the ones who control it. A person can only control a thing if he has the ownership over it and bitcoin doesn't have any owner.
Besides that, people should start admiring for the fact that how truly open it is. I wonder why people don't recognize this mere fact and are relying on controlled, centralized fiat currencies.

Like seriously ? The last time I heard about Jack Dorsey commenting on bitcoin was that bitcoin can never be used as a currency since it is so volatile.
And now he is suddenly loving bitcoin ? I think people are just trying to spread FUD in the market. Manipulation has gone way too far these days.

Sad to hear about your problems. Family members are the ones who stay beside us in our worst times. It also shows us who really care for us and who are fake.

Yes you can accept donations in crypto but you have to provide some kind of service or something so that people can donate you something for it.
Also, I don't think anybody would give you loan without a collateral. May be you can get small amount of loans without collateral but even those are given to only trusted members.
You will find a hard time finding a loan here.

Yeah you are right. I wonder why people even create such threads. I find it pointless to discuss who will be the real Satoshi Nakamoto.
Let the guy live in peace if he's alive. If he will want to reveal himself, he will do that. Why do people keep discussing over it.
I will definitely not take them a step closer to Satoshi Nakamoto.

I hardly agree with you because the reasons you specify for bitcoin to be declared illegal by the government are just absurd.
I think that the governments know the potential of bitcoin and they know that even if they declare bitcoin as illegal, people will still be using it and there will be no way they can track people using it.
So they just find it easy to regulate bitcoin instead of taking the burden of declaring it illegal.

Exactly my thoughts. Satoshi's identity doesn't really matter any more because he has already done what he had to do.
The Bitcoin technology is what we should admire and be proud of. Satoshi has obviously done a good job but it has nothing to do with bitcoin's growth.
There are many people claiming to be Satoshi but none of them prove their claims. This is all a clickbait. I just ignore any such links.

There had come many ICOs in 2017 and a good number of STOs in 2018 and many IEOs in 2019 but hardly a few have made it to 'relatively better than others' list.
I wonder why haven't there come potential coins like ether. The only project that looked promising to me this year was bittorrent which was lauched on binance launchpad.
But even that is not going so well these days.

Is the world out of ideas or solutions?

China supporting cryptocurrencies could be the next big thing for the crypto community since we all know how big is it's contribution towards crypto.
The China ban on crypto did shake up the market but then the price has recovered quite a lot. Now since China has decided to back cryptocurrencies it can really be a huge thing.

Mining is not really worth it if you don't have the specific set of hardware which requires good amount of investment and timely maintenance.
Hence Staking and Trading are the only choices for people like us.

Same here mate. I have been staking on the binance platform too. Which coin are you staking ?

I never believe a single word that says anything about cryptocurrencies or blockchain from the government of India unless it is from a genuine source.
Whether the information provided is positive or negative I don't trust it until it is from a trusted source. Same goes here.
Could you provide the source from where you got this document. I have not heard anything as such from an official source so I would definitely need to see the source for this one.

I have not done Arbitrage trading since a long time but have surely tried it during the initial days of trading crypto and to be honest my experience was not so good with it.
We have to efficiently manage our accounts in multiple exchanges and Arbitrage trading is something that we can't do on a daily basis. There are limited opportunities to obtain profits from this kind of trading.
I was not able to acquire good amount of profits since I was doing all of it manually which lead to a shortage of time and hence less profits.
These days bots have become really good then they can automatically gain profits whenever there is an opportunity for Arbitrage trading.

I should have made myself more clear. I am not talking about OTP on SMS based systems since it will obviously lead to centralization.
I was talking about OTP similar to 2FA which as ETFbitcoin said is already implemented in Electrum wallet.


Obvioulsy the OTP would not autocorrect the addresses but it would give us the time to double check the transaction. Many users don't even cross verify the address and simply broadcast it to the blockchain and later regret.
Adding an OTP won't help us with this but just provide an extra step thus providing an extra time to think before making the transaction.

Yes, implementing OTP directly on to the blockchain would definitely increase the blockchain's size which is why I said that the OTP should somehow be integrated into the wallet and not on the blockchain.
The time based concern is still there and I don't know how we can tackle that.

To be honest, I doubt on my idea of OTP since the verification of OTP would require a server to cross verify the OTPs. We can't implement it over the blockchain since it's absolutely stupid.
And if we implement the verification process on a server then that would break the decentralization part. Damn!

I was just thinking if we could implement 2FA in a wallet and then whenever we broadcast a transaction it would ask for a 2FA/OTP.
This would add a security layer and also give us the time to cross verify/double check our transaction before we broadcast it on the blockchain.

We have seen many people complaining that they had mistakenly sent bitcoins or any cryptocurrency to an address which they didn't want to.
Many times hackers hack other's wallets and steal their cryptocurrencies.

Everybody knows what an OTP is. It adds an extra layer of security in your payments.

What if we developed a wallet and integrated the OTP feature in it which basically when approved broadcasts the transaction on the blockchain ?
In my opinion this would add a layer of security. OTP doesn't need to be centralized and hence it won't break the decentralization part of bitcoin (but obviously a centralized wallet can still break it)

I must admit that it is a bit more technical to use bitcoin and a user has to be extra cautious while using bitcoin. One click and all your money is vanished.
This is the reason why a person has to first understand what the technology is all about and then begin to use bitcoin.
I have seen many people blindly putting money in wallets without even bothering to know if the wallet is actually a genuine one or not.

Totally agree with this stuff. Sometimes I feel that the only reason people invest in any altcoin is because of speculation and to earn profits and not because the coin has a good potential.
I think there will be hardly a few hundred investors who would actually be investing in an altcoin because the coin has actual potential and they believe in it.
Obvious to see the dominance increase.

This is the reason why we should rather focus on educating people enough to detect and avoid such scams.
There might many scammers like this person and tracking each of them will be very time consuming and of no use.
But just imagine if we find a way to teach people to detect and avoid such scams then not only people will not get scammed but they will also teach many others to avoid such scams.
This is why I said that our focus should be on the bigger side of this situation.