What can be done to avert or be kept to date with the latest information being passed to all the investors.
It is simple, don't buy shitcoins. If you don't want to listen then at least don't "invest" in them and only stick to trading where you only hold the shitcoin for a short amount of time and sell it quickly when you get a certain amount of profit. Like buying during a pump and selling before the pump ends instead of buying the shitcoin then bagholding it for months or years hoping it some day goes up!
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What exactly do you think people believe they are buying when they buy an NFT? Why do you think people have been willing to spend, in some cases, millions of dollars for NFTS? Because they have too much money in their bank account?
There are only 2 types of people who buy tokens including NFTs. First group are simply laundering money, which is why you suddenly see a random NFT appear and immediately be sold for millions of dollars by complete anonymous sources. The other group are the gamblers who think buying the current hype is going to give them a lot of profit in the shortest time possible. They don't pay much for these tokens.
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Then I'm pretty sure you have a simple explanation why would the hashrate dropped after the China ban to ~ 97.87 EH/s with the prices still at ~30k while in the previous October we had 142.94 EH/s with an average price of ~10k. How does this make sense to you?
So you are claiming that miners didn't care about the 55% drop in price and were all leaving because China banned bitcoin for the 1000th time? Maybe China banned bitcoin mining for 1001st time in January too when hashrate dropped from 217 EHS to 159 EHS which totally had nothing to do with another 50% price drop? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Don't stress yourself too much, download trust wallet if all you have is mobile phone it's open source mobile wallet
It is actually partially open and partially closed which would categorize Trust wallet under closed source wallets that should be avoided at all costs. Additionally when you consider the fact that Trust wallet is created and fully controlled by Binance (ie the altcoin exchange) you should have even less incentive to use it or recommend it to anyone else. Companies such as Binance don't do anything if there isn't any profit in it for them.
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The recent jump should have proved how pointless it is discussing market sentiment on the internet when people always only tell you their wishes not their actual plans and sentiments. If we were to believe the statements price not only shouldn't have risen but also it should have gone down significantly which goes to show that people are always bullish on bitcoin and in times they are not, they are just waiting for a better opportunity to buy a lot of it to continue the bullish market.
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NFT is like a property/patent ownership registry.
Wrong. Since they claim to be decentralized and we know there is no regulations and law enforcement involved, they do NOT register ownership or anything like that, they only create illusion of it. Any registry on any of these platforms could be duplicated multiple times on the same platform or other platforms. For example those selling "art NFT" can easily sell it more than once to more than one person on one or more token platform and there is absolutely nothing stopping them from doing so. If we centralize this whole thing then there is no point in having the "token" and "blockchain technology" in first place, we already have centralized entities with their own databases that are doing a pretty good job at registering stuff.
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I always find it weird when people ask this question which is very common too. I mean we don't even know what is going to happen 10 years from now, we all be extinct by then so how could we even begin to predict 100 years from now and how the world is going to be like? With the way technology is changing with new inventions in 2100+ we may only know bitcoin as an ancient technology. The CPU you had 20 years ago couldn't do 1/10 of what it is doing today, by 2100+ we will laugh at the total hashrate of today so talking about miners and hashrate and rewards are kind of silly if you ask me.
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there will definitely be cases where a closed-source wallet can be more secure than an open-source one,
This could be technically correct but I disagree based on principle. A closed source cryptocurrency wallet should automatically be considered insecure and in fact shady because in a world where we have a lot of open source and good wallets there is no reason for someone to create a closed source one without having some hidden agenda.
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I sent some BTC from Coinbase Now the channel has timed out
I'm assuming "channel" was a bad choice of word because Coinbase doesn't support Lightning Network. If it is just that "Requests" in your "Receive" window, it is already explained by the 2 replies above yours. One this that may be causing the issue is that my Electrum wallet is saying not connected and has a red dot in the bottom right.
Click on the red circle to open the Network window then go to Server tab and try choosing another Electrum node to connect to. Otherwise check your network connection and firewall and make sure you are connected to the internet and Electrum is not being blocked by your firewall.
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Bitcoin transactions are far more complex than a Visa transactions. We need to choose our UTXO and customize fees.
Wallets have done a very good job at simplifying everything to the point that all the complications are basically "advanced features" that you can use but you don't have to. In other words all the UTXO selection and fees are set based on simple pre defined preferences by the user. For example you choose privacy in your initial setup and your wallet only prioritizes UTXOs that are already linked.
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You should start by educating yourself about bitcoin, how it works and what types of wallets there are with their pros and cons. Then choose a correct one depending on your preference and needs and finally learn how to use that wallet. For example a regular suggestion would be Electrum and you should learn how to verify signatures, what transaction fees are and how to create a cold storage. Otherwise you will keep facing issues and you may lose funds specially if you use a custodial wallet where you don't even have any control over your money.
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USA beome the country with the highest bitcoin mining hashrates, Kazakhstan following USA become the second country with the second highest mining hashrates.
Actually all of the stats you have seen so far on the internet about which country has how much hashrate has been completely wrong. The fact is that we don't really know how much hashrate is in each country simply because neither miners nor the mining pools release their location or their users' location. The Kazakh government has proposed taxes that can discouraged mining in Kazakhstan
They won't. If they wanted to "discourage mining" they would have banned it. They just want to get their share of the pie. They don't want to destroy the pie altogether. it is like some miners will have no option but to shutdown
Their loss is "our" gain ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Main purpose is for micro-payment scheme.
Wrong. The main purpose is to be a payment system, the size of the payments (micro or massive) is not a defining factor. We also have always had both, from millions of dollars being transferred in a single transaction to a fraction of a dollar. And moving 10 years later, it has evolved so much, being compared to gold,
Just want to point out that the day the word "mining" was used, people started comparing bitcoin with gold. And that term is used from day one in bitcoin paper.
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Much of the money is coming from the US
How do you know where the funds are coming from? These are bitcoin transactions and they don't have any geolocation! to fund lawbreaking in Canada.
Protesting dictatorship is not lawbreaking. What if North Korea sends BTC to "Antifa" protestors in the US to foment unrest?
What if they continued using US dollar like before? Or what about US itself funding terrorism using US dollar for at least 50 years?
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Ignoring that over 15% spike in a few hours is anything but healthy,
On paper 15% spike is not healthy but when you also consider the situation that led to that spike you can see that it is not only healthy but expected. Essentially it is like when price suddenly drops down from a bubble. That large drop is not unhealthy because the initial high price (peak bubble) was unhealthy so the drop is making it healthy. The recent below $40k price was itself unhealthy so the price had to jump back up to make it healthy. #reversebubble
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do you think I made a mistake leaving my job in the first place?
Well, with a real job you have some level of security, even though it depends on the job and some factors. But this security does not exist if you are earning profit on your investment in cryptocurrencies specially if you are day trading altcoins. The laws in your country could change and make it very hard for you to trade altcoins or impose huge taxes on your profits making it almost not worth it. The risk of shitcoins dumping on you and make you go from $60 per 2 weeks to -$100 in a day losing all you'd earned. Is there anything wrong working online in your bed room everyday?
The risks as I mentioned above. But the real question is why didn't you do it as a second job, it is not like trading shitcoins takes that much time. You can have your job security and earn your fixed salary while earning more money through trading.
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2-About those being funds or people money, would you accuse a bank of stealing/destroying your money if they announced accounts with less than 1$ (≤41 cent in our case) have say 6 months to be spent otherwise we are going to close them?
One of the good things about bitcoin is that it is not like the banking system! I think this is classified/included in non-standard UTXOs; that's my understanding.
Not always. The IsStandard() method seems to have some cracks that transactions could still fall through. For example a PMS or P2PK output script could contain provably invalid public keys or P2WPKH scripts could pay to a hash that has a CastToBool() == false since the program itself is not checked. 4-I know those burned UTXOs are not officially classified as burned by Bitcoin Core, but they are burned. Both are published as burn addresses, and one of them is the zero address no one can retrieve them.
They are most probably burnt not provably burnt. every lightning network TX adds 1 dust UTXO
This doesn't sound correct.
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Bitcoin has pumped
Pump is different than rise. Pump is what happens to pump and dump shitcoins and it can not be sustained, which is why there is always a dump. this can't be bull trap as its a sure signal that Bitcoin is rallying towards $50k once again.
This is not a bull trap because what we had before it was a bear trap. Another reason is because bitcoin was and still is undervalued. In other words bitcoin was in something I call "reverse bubble"[ 1][ 2] and that had to pop.
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OK, are you saying that the government can force ANYONE to give their keys? Or that we should merely comply? What then is the point of Bitcoin as a protocol? Of Proof of Work? Of decentralization? Do you believe that everyone should merely be HODLing Bitcoin only for the purpose of Store of Value/wealth?
Bitcoin has never had a better debate to exist for years until the entire world saw GoFundMe confiscate the people’s money.
The point is that when you use bitcoin the government and other corrupt entities such as banks or GoFundMe no longer have their hand in your pocket. So they can't just take your money freely and whenever they wished to. Now with bitcoin they have to force their hand in your pocket violently which is a lot harder and complicated. For example in case of fundraising for Canadian truckers if someone raises funds through bitcoin (and apparently someone did according to this topic) all it takes is for Canadian government to raid the homes of those who hold the keys (as they are known already) and arrests them for any reason they like such as money laundering, terrorist financing, ... and they can easily force them to give up their private keys (ie their money). The problem is with the underlying dictatorship in the west and that is not something bitcoin can solve. Hence my initial statement that "bitcoin fixes part of the problem".
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Do India, Europe and Canada in your example even have any considerable hashrate? I don't think they have more than 20% combined and I'm being super generous! Last I checked Canada had the biggest and it was 3 or 4%! India had virtually no hashrate and Europe was struggling to keep the lights on with soaring gas prices.
In any case, when China supposedly banned bitcoin mining a lot of people FUDed about a massive hashrate drop but we only saw a very small drop, most of which was because of the price dropped that had happened before that news! I think that should answer your question.
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