There is no better or worse when it come to the level of accessibility allowed on the chain, just choose whichever suits your desires. I'm more interested in what algortithm is used to run the blockchain and how it is designed to meet it's requirements
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The trust system is supposed to help to protect us from scammers, but it doesn't seem to be working. Reputation is probably safer, but that is subjective.
Considering the fact that a user has to actually scam someone or carry out some underhanded business in order to be red tagged, then it seems to me like a retroactive system. The positive ratings work in the same manner. But all in all it is just recommendations of who to trust and who not too. And not a definite proof of illegality. People are buying accounts on this forum with high ranks and try to scam people with this!
Merits and ranks should never be used as a criteria to judge the credibility of a member
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I think it goes to both sides, maybe the journalism today is about who can appeal to the largest audience, regardless of relevance and many times even ethics,
Very apt, journalists are wont to go for the controversial topics and present it in the most controversial manner in order to get higher engagements and ratings, even at the expense of quality reporting. That said, it's an issue that has existed for quite along time, and every investor should be learnered on how to discern quality and fraudulent reports.
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The price of bitcoin is formed exclusively by supply and demand for it. Bitcoins are not secured by any tangible assets, but the same situation is with any Fiat currencies, rubles or dollars.
Bitcoins price is influenced largely by demand and supply, and demand and supply is influenced by all other factors associated with bitcoins. So basically, when the network is running smoothly people build faith in the technology and are are willing to buy, but when there is a chink in the chain, panic reigns. And also this is nothing like fiat currencies. There is a delegated sector which supports and regulates the worth of national currencies
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I don't think 'believe' matters here. You can trust the technology and the process and support the goals and targets of this innovation. You have to make your analysis in the foundamentals and the price history, always base in facts and figures. Let the price fall, and fall it will, until people have given up. Then, the price can start 5 wave moves up again. This is how it always plays out.
As opposed to this, the price rises when there is hype and lots of FOMO. Investments fuel growth.
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The learning phase is very important, and never rush anyone into buying cryptocurrency when the do not yet fully understand it. Before investing, you must have a clear idea, of the venture and pick a strategy. Otherwise they would just turn over their wealth to the more experienced enthusiasts.
Introduce them to various learning tools, let them build genuine interest in the technology. And then make their own decisions.
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There is a Meetup Section but for a project like this you would want to concentrate on your locality, especially when your region is not that represented here in the forum. You could organize a seminar, educating people on Bitcoin and it's utilities. Give them tools to use to improve themselves, this forum link for one. And just the general overview. Then for those who show the most interest you could organize a regular meet up, and find ways to implement Bitcoin into your region.
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A minimum requirement of Jr member or copper member to enable anyone start a thread in the bounty section could help reduce the number of spam and fake ANN threads, as this would reduce the ease of users simply creating accounts and making such threads.
And maybe if a profile gets their post reported multiple times in that section, they could be temporarily restricted from posting, automatically before a moderator even gets to access the situation.
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a query. but how will they know who made the payment? How would you check the payment hash? Once you click on the link to buy copper membership, a unique Bitcoin address is generated just for you. That is how your transaction is tracked, and it would be oinked to your account
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Very valid arguments, as opposed to the regular FUD that gets thrown around daily. What do your u think of the opinion that there are not enough new investors to push bitcoins price as high as it's last peak? I think it's very possible but it won't be a bubble which bursts when the party is over, but rather a slow, sustainable rise.
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Cryptocurrency influencers who are paid to shill a project, with large followers and follow their suggestions and buy into the hype. They are expected to have deep insights and knowledge about the project, as they are promoting it on their social platforms. This would not really affect bounty hunters, promoting them through signature and social media campaigns.
Everyone is expected to do research however before promoting any project.
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Newbies now are unable to wear signatures, which is a requirement for majority of ICOs which run bounties. Getting at least one merit is not a very difficult task, and a member of this foryn should also see merits as a testament of their contributions. Alternatively, you can Purchase Copper Membership this would grant you access to all the perks amd priviledges associated with a member rank, and it is accepted by some bounties if that is your aim on the forum.
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To be safe, I do not click on any unauthorized link and always bookmark links to sites I visit regularly. Also have a unique passcode for every sit you use, and let it be distinctly different from your email password. This is a growing menace as every day we are besieged with new links on the various platforms we frequent, and it's more difficult to check which is and isn't legitimate. I sometimes don't a Google search to get which link to use.
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The project does not look in too bad a shape. The issue I think may be publicity, not enough of it.
I doubt a lot of newbies know about the project, as the target audience is those with less command of the English language, wouldn't it help to have a welcome message translated and posted in their local languages? (I don't know is this has already been done), since they rarely come out to the strictly English boards
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everyone dream to get merits, but it very hard to get it, also bad situation that if you once vote - merits will not be appear again in easy way, it hard
Getting merits is not difficult, OP already ranked up to Jr member. It's relatively easy to get a couple of merits and be eligible to wear a signature. If you have higher targets (ranks) you'd need to put in more effort.
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Truth be told, people are not too worried about what happens to their money after it's deposited, as long as it's always available for withdrawal when they need it, and it is. With bitcoin, you are your own bank and you have the only access to you assets, except you're careless with your private details.
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Factoring in the regular dumps and pumps which sometimes goes against the expected, it is difficult to out a value on one BTC, for most of this year it assumed the cost of mining. But it recently broke it's support. The value can bubble again in the future and pass it's ATH, but it would not be a sustainable growth. The true value of Bitcoin would be discovered through adoption, and with it maybe stability.
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Proper grammar is important in a post, but proper use of tools and delivery is equally as important, and maybe more. We should all know how to design and style topics and how to use posting icons to make posts readable. The content of the post is the most important factor.
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You assessment of the market depends on your interpretation of the available facts and information. There is no straight line when it comes to investing. It is advisable to buy at the bottom and sell at the top, but in reality, this is not always feasible. You analyse the situation and take risks ad all investments are risks. It all depends on your strategy.
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After ten years of staying in the market, Bitcoin has already proven that it is here to stay, and the market movements has become very common and should not be the reason for talks about bitcoin dying I don't see it's value getting to the zero mark, it may not have physical value, but there are lots of supports which would keep the price above that range.
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