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I don't think it was implemented outright but trusted computing is a thing now, so I think his legacy lived on in spirits. Plus he's a key figure in the cryptocurrency world we're living in today, hard to think that he's not going to cause major impact at least in the younger minds that came upon his post. Most processors right now implement some form of Trusted Computing module or protocol which users can toggle on and off, I'm not really sure if this is usable for the cryptocurrency industry but with the little I have read of it, it's looking promising. In one way or another Hal's dream of bitcoin becoming a massive financial phenomena that changes the lives of millions of people became true. He's a legend and I hope he's in a better place now.
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I am completely in agreement with you dude. Like all these people proposing that bitcoin harbor criminals just cause it's being used every now and again for money laundering and scamming is are dumbfucks in my opinion. Like if that would be their argument then that makes fiat an even bigger problem yeah? Cause at the end of the day it's the main driver for all these crimes anyway! If anything bitcoin even deters these people from getting their money since most of the readily usable exchanges where you could convert your crypto to fiat is centralized, and the moment they recognize your money's supposed to be someone else's, they'd literally freeze your assets. Does that happen in fiat as much as it happens in crypto? I don't think so!
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All applications for BTC ETFs were rejected. do you think they are waiting for a moment on the chart to approve it?then we'll fly into space?
I don't think everyone's that keen on the ETF too lol. People in here have been made aware of this news since the earliest parts of this year and everyone's just tired of hearing about it. On the other hand for sure it's going to pump bitcoin's value and that may well signal a bull run before the halving even commences but at the same time I don't think it's THAT sustainable per se. So people in here are just not that stoked anymore about the Bitcoin ETF. On the other hand, they're probably biding time until bitcoin's in a more desirable price point before they re-appeal this again and have SEC approve it. Whatever happens I don't think it's going to really help the common folk or whatnot. |
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See this is how I know you're pulling this story out your ass.
First off, Bitcoin in its ATH falling down to this current price point wouldn't zero you out even if you wanted to. No way in hell your friend lost everything in one bear market season unless he's either trading in low denominations, but judging by the fact that you told us he sold his properties I'm guessing that's good money right there, which doesn't align with this logic. And now you're telling us that he's lost everything cause he doesn't know how to trade bitcoin which I would assume you mean "trading bitcoin properly" which is true to some degree but again, even if you wanted to you can never zero yourself out on bitcoin within this particular price point lol.
I get it, you want to post something, but at least ground it to reality else people in here would rip it to shreds.
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Ideally it's because of the christmas season. People are scrambling around trying to find money to fund their christmas celebration and gifts and that's why bitcoin falls tremendously during these times. It's been like that except way back in December of 2020 but only because it coincided with an impending bull run thanks to the belligerent Elon Musk and the anticipation of the people over 2020's halving. Next year's probably going to be the same thing, and this year too. So it's not something that's out of the ordinary or something that should concern you. Every Valentine's day I notice that bitcoin also falls in value although not as much as when December comes around. Same for every regular holiday in the US for some reason lol.
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Let's be real here, in time another more powerful cryptocurrency will take bitcoin's place at the top of the market cap ladder and beat it. It's all a matter of when at this point. Bitcoin is great and all that and I'm pretty sure it would stay relevant for as long as this industry persists, but at the same time the realist in me couldn't bring myself to think that bitcoin will remain at the top forever since we're getting to some sort of a singularity in this industry where things are becoming more and more advanced and people are becoming more and more invested in this industry that for the most part, profit no longer becomes their primary driver for staying here. And with that in mind I see potential in other more utility-heavy and useful cryptocurrencies to take its spot from the top.
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I wanna say yes and I wanna say no at the same time. I don't want to get your hopes up that's why.
I've heard about people who made it in life through crypto. Hell, a couple of my friends started from nothing and ended with everything thanks to bitcoin and cryptocurrencies, but at the same time, it's not always rainbows and butterflies here. We've lost millions, we've suffered through the worst droughts in financials, all because of cryptocurrencies too. And since you're basically looking at bitcoin as a way for you guys to fulfill your basic needs, I cannot bring myself to recommend investing in this venture since you'll be left with nothing if you lose it all.
I suggest you look for a job with a steady income stream first, and then look into investing afterwards, that way if things go south your family won't go starving, you'd have a reliable income to depend upon.
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With the current situation of bitcoin (30k, had a huge possibility to pump in value in the next couple of months thanks to the halving and good news coming from left and right) it's actually a smart thing to invest in bitcoin as early as possible. And even if these things aren't here you could easily make money in bitcoin through holding, as what most people did in 2017 onwards. As of now it's no longer a measly speculative asset since there's a massive and consistent uptrend in value since 2009, and if you're going to trust that graph you best believe that soon enough as long as you play your cards right you'd be able to rake in money as well. So investing in bitcoin is a no-brainer especially if you're looking to invest for long anyway.
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That's a little suspicious. First off transactions in the blockchain doesn't work that way so it's not a bait-and-switch. Second what do you mean by expecting? Are you saying that this person who's sending the money gave you a heads up that he's sending 1 grand? Or are you only made aware of it since you saw it incoming? Lastly, could you send us the transaction ID so we can look at it? We gotta make sure that the transaction you got was real and you could only do so through confirming the transaction ID exists and is in line with your stuff.
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You have to realize that before they like decentralization and bitcoin, they must first experience how beneficial it is to their lives. People are egotistic at the core and they wouldn't care about even the most important shit out there if it doesn't affect them in the most direct of ways. With that being said you must first drive the benefit of decentralization or bitcoin to them. Lend them some and show them how much it grows in value over time, start campaigns and seminars with trinkets and benefits that they can avail for attending and listening, which will be gauged by giving them an exam later on. Allow them to learn about it and be interested before you blabber about getting people interested on bitcoin through decentralization. It's easy to say that people will like it but if they can't experience the effects outright they wouldn't give a rat's ass.
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Not really into short-form documentaries about bitcoin and cryptocurrencies but I found "but how does bitcoin actually work" by 3blue1brown which you can watch here to be the most in-depth and interesting bitcoin video out there. Tackled everything you need to know about computing and bitcoin, how it works on a fundamental level, which gives every newbie an in-depth journey in the inner works of bitcoin so they can gain proper understanding of how it works. It's also a little dumbed down by removing most of the hard to understand jargons which is really great for people like me who's not that keen when it comes to stuff that is a little hard for me to grasp in one go. |
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Bitcoin's price is directly correlated to the public's opinion towards it. Right now it sits at neutral which is why there's no significant price movement. To make it fall into a dollar per bitcoin, we might need to sway 99% of the userbase to stop using bitcoin altogether, which is not going to happen lol unless an asteroid hits the planet with a hallucinogenic virus that makes people hate bitcoin and everything that's tier 2 technology. And even then I say we'll never reach that stupendously low. Banning bitcoin in entire continents will not work as well, people will use it behind the government's back just as what some of our Chinese brothers are doing nowadays. Bitcoin could stoop low especially during bear market but considering the fact that even during massive crashes it never fell from its 20k price point, there's no way it's going to fall to as low as 1 dollar as well.
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Buying an existing business does not just happen out of thin air, as there are a lot of things one will consider before making that kind of step. You need to have knowledge of how the business you want to acquire works and if you could actually benefit from buying it.
For starters, I will advise building up your own business from the start, studying the market condition of your desired business, and seeing the stress and process of running that business from scratch, as such a process will give you all the information you need in terms of decision-making, market demand, customer relations, and all that. By so doing, you will be able to gather the experience you need, and then if you desire a bigger brand that is already existing in the market and you have the financial capability to buy it, you can go for it. then you will be rest assured that you will not mess up the business or rely on the existing company's employees to make things happen.
He's probably talking about Franchising which is as close as you can get to buying a business name outright. There's benefits to it but there's also caveats as you can tell. For one, the fact that you're basically borrowing the brand's name to expand your wealth is a massive plus as it saves you millions in marketing, brand campaigns, and upfront costs since most franchising brands provide you with all the basic tools and amenities that you may need. The biggest downside of it all is the fact that you're making someone else richer by borrowing their brand name, with percentages of the profit cut for them until the contract expires, and by then you have the choice of either continuing with another contract where you would once again need to pay them money for the brand name and the stuff that they've provided you, or move on on your own which is very risky especially for restaurants. |
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I was at the beach after having my evening half rack, same boring night walk scavenging for forgotten or used fleshlights and I was thinking, what if instead of one of those magic toys I get my macho pride stuck in a genie bottle? But after hitting the genie so hard in his head probably he will only be able to grant me one wish, and that on shitty conditions, what if I asked him to make me richer then Satoshi but I'd have to choose:
- Bitcoin gets accepted everywhere, every government legalizes it, all mining is centralized, everyone must register every address with the local IRS, you're not allowed to send money outside legal addresses and miners are refusing those, every single transfer is taxed, the government can decide at any point to seize your coins and can do that with ease. BUT the value will go up 1000x times to 30 big ones!
- Bitcoin is not legal tender, but the genie makes it so that the government has no way and no intention of making any move against it, nobody is banning you from owning, nobody is taxing you, nobody cares about your KYC, AML, taxes, profit, any legal action against anything that involves Bitcoin is impossible and illegal, any seizure impossible as it would break the law, you're as free as one can be. But the price stays forever at $30,000.
No middle way, no trick, no further questions, no this or that, your choice and tell me why this and not that!
That first part was a fucking delight to read like why in the hell are you out there looking for used fleshlights lol. Anywho I'll humor your thought experiment (kind of) and give you my answer: I'd choose the latter. Everything that the government puts its finger on dies and shrivels eventually. That happened with real estate, it happened with taxes, and now if bitcoin is to be handled by central government for sure some time in the future its death will be for certain. It doesn't matter if you're fiat-rich or bitcoin-rich anymore, cause wealth is going to be seized by the government to make up for the losses they will incur after just absorbing cryptocurrencies. The latter, while it would stagnate bitcoin's price, is not going to really do anything bad since you can still use it as a payment service that doesn't track you or anything, plus you can easily trade it for other cryptocurrencies with price points that are not as stale as bitcoin for a quick buck. So profit is still not kicked out of the equation or something. |
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This is misleading, paints a nicer picture when things aren't as clear as they may seem. 60,000 experimental charging points and there are no news yet of how many of these bitcoin charging stations are being used for their intended purpose. You might wanna edit the post.Don't get me wrong, I love for crypto adoption to come as much as the next guy but at the same time you gotta be transparent and honest with statistics and data as it will cook you alive if you're giving numbers and data that doesn't match real world levels. Just a friendly advice that I hope you take into heart next time you post articles like these. It's great that we're actually getting somewhere and bitcoin is being adopted for niche payment purposes but at the same time these kinds of articles are often misleading and are intended to fool you into thinking that it's looking way better than what it actually looks like IRL.
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Congrats on your first bitcoin purchase! Glad that you have a pretty cool community that set you up for bitcoin and helped you figure out what it does and how it works. That's more than what most of us had here lol. Anywho you might want to look into other ways you can invest your bitcoin into like trading, diversifying your portfolio and all that since bitcoin will not always be in the green and there will be instances where it would dump your wealth's value. So might as well ready yourself for the rainy days and diversify your assets so you're not left with a huge dent in the wallet when bear markets come in. But you can do this at your own pace too, conduct some research first and then only jump in if you're feeling confident already.
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If you guys have any tips , do let me know ... I would be very grateful for it.
Don't marry the bag, sell it when you know that you've multiplied your profit to a staggering percentage, you will always be able to get back to bitcoin even if you sell your bitcoin because the price will eventually correct itself so just keep a watch on what's happening on the market and the price of bitcoin so you know what to do next. If you're unfamiliar with the saying that I've said, I'm basically telling you to sell your bitcoin when the price is pumping and the sentiment of the market is that it's nearing the peak, aim for that peak when you sell. This. Keep seeing people out here telling OP to hold on for dear life but are not really aware of a person's capacity to hold their bags. As for someone like him saving his ass during bear market seasons is just as important as actually holding his bag. Doesn't have to always apply to taking profits, it's more important when you're looking at a loss. And in that regard OP should look into learning about how the market works, and how charts are being read so he could study the market and devise good predictions that will help him get by. Most of all OP, take it easy. Most of us here lost more than what we could've assumed and if not for us staying strong in mind we wouldn't be here anymore, tanking a loss is pretty nasty, but not coming back from it is even more. Don't beat yourself up and quit after your first loss, carry on and learn to be a better investor! |
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The end goal is always getting a bitcoin in the process. The means just differ. It's all a matter of preference really. If you think you want to consistently earn bitcoins on the long run and don't mind the upfront costs of paying for a mining rig, then mining bitcoins is the way to go. If you're looking however to save money as much as possible but still want to get into the bitcoin business then buying bitcoins outright is your better option as it allows you to acquire bitcoins without the need to pay for a mining rig.
Of course acquiring the means of production is the better option but sometimes the second choice is the best one, especially if you're gauging your financial capability.
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The supply of bitcoin is immutable, so no bitcoins are actually lost or deleted forever as you are trying to put it. Only kicked out of circulation through people losing access to their cryptocurrencies and all that. There's a possibility for these people to access these coins once again and sell them which will drive the price of bitcoin lower but at the same time it's a little improbable especially in cases where it's saved on self-custodial wallets. Sorry to hear about you losing out on so much bitcoin. If I'm not mistaken and if you still have the drive where you saved those bitcoins, certain programs and companies are out there with the sole purpose of providing assistance in regaining access to your bitcoins so you can get them back although not really sure about the authenticity of these entities. Still worth a try especially if you're getting desperate.
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1. Complexity
Bitcoin is complex; I think most of us will agree on that. Complexity has been reduced with new standards and protocols, a magical threshold of simplicity is unlikely without trusting a third party.
Bitcoin isn't inherently complex, in fact it's so easy to use and setup even as a beginner in the industry. What's complicated though is the cryptocurrency industry and it only gets more difficult the more you invest your time and effort into it. Contrary to what the bitcoin maximalists wish, bitcoin is not the endgame for crypto, it's the gateway to the industry and this is what paints the illusion of bitcoin being a complex subject. 2. Monopolies - Are They Holding Us Back?
Some players might seem like they're supporting Bitcoin but might actually be slowing things down. I'm not blaming them; they have the right to act that way. But should we, as a community, try to promote more others new and small player to join the party?
I don't think the problem's with the adopters. The problem is with the people itself. A number of us here are content with how the industry works, cyclical and all that, and sometimes people even gatekeep this industry for some reason, not to mention large companies taking huge amounts of bitcoins for themselves and holding it without returning into the circulation, which inflates the price of bitcoin but at the same time discourages newbies who wish to invest on bitcoin. 3. What's Going on in El Salvador?Having spoken to many people, and from my intuition: - Bitcoin Circles: There's this illusion of adoption, but it's often confined to small circles. Bitcoin tourist being guide with same people who take them to the same places. There is no incentive for this local community to open.
- Merchant Compliance: Many merchants don't accept Bitcoin mainly out of ignorance or lack of economic incentive. They are not feeling the lost and the presure (yet)
- People use Dolar instead of Pesos, Bolivares or Lebanese Pound. That's why people can't value the big present they've been given (Obviously any goberment with a currency they can manipulate would't be so willing to make Bitcoin legal tender)
I don't want to burst your bubble but in El Salvador things aren't looking real great after the adoption of bitcoin. It was a drastic process that blindsided a lot of people and now they hate bitcoin in there, which drives the notion that good things come slow. In that regard we still got a long way before bitcoin becomes truly for the people, so perhaps pushing for adoption now wouldn't be the best idea. [/list] |
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