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May 30, 2024, 09:31:02 PM *
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61  Bitcoin / Bitcoin Discussion / Re: Will blockchain survive the crackdown on mixers and anonymization? on: May 07, 2024, 06:11:09 PM
It is fine to know that what happens in the blockchain is not only about privacy and neither is it about the mixers only. I believe that the potential of blockchain is yet to be harnessed fully. There is no doubt that the government will continue to fight against privacy but then there is a limit to what they can do. For instance they keep compelling the centralized exchanges to delist privacy coins, this does not mean that they will in any way infiltrate the decentralized exchanges to also delist privacy coins.

There was when I was very much bothered about what is happening now. And as the time progresses my fears come to pass. Prepare your mind to see more regulations and shutdown of privacy enhancement systems in the cryptocurrency industry. But I am consoled by a singular phrase that says thus; necessity is the mother of invention. The more and more the government fight against decentralization and privacy, the more private and decentralized individuals will find ways to continue scaling through.
62  Other / Beginners & Help / Re: I hope I'm doing the right thing. on: May 06, 2024, 11:52:14 PM
How did you guys invest in bitcoin as beginners. What was your experience with the market volatility? A lot of people talk how investing in Bitcoin is good but risky, i don't want to rush to invest  bitcoin. I need to be very sure of what I'm planning to go into. I don't know if I am making the right decision or I'm too sluggish to invest. I'm not really convinced maybe because I don't know much. Do you think this delay is good for me? I believe it is good for one to be  sure and understand anything that involves money.
It is better to delay and understand the process than to rush and regret afterwards. The bitcoin is not difficult to understand, just read the whitepaper, read the bitcoin history and compare it to what is happening in the industry currently, from there you will have a clue of what to do and you will not regret it afterwards.
63  Other / Beginners & Help / Re: Newbies should be forewarned. on: May 06, 2024, 11:33:24 PM
So before getting greedy and connecting my wallet, I must think about which website I am connecting my wallet to and whether I am risking my money there.
This advice has been so available for a very long time but some greedy newbies actually do neglect the advice and do their wishes which do no actually end well. Since there'll always be newbies, there'll always be these kind of advices.

Most people are poor, they choose money over security and privacy.
Poverty might not be the only cause, also ignorance and greed have some roles in there.

Now the question is, how important are security and privacy if they didn't even have enough money to survive? they know the risk, but they don't have any option.
I quite understand the perspective you are coming from. It's not easy from the third world countries I must confess. In search of money, every thing including privacy is sold out.
64  Other / Beginners & Help / Re: What can we do to make Bitcoin hit $100k on: May 06, 2024, 11:02:36 PM
I have always been thinking about what we could do to make Bitcoin hit a tremendous amount.

Is there anything we could do??
What have we done in the past to take bitcoin from below $1 to the current $60k+. If there's a specific steps we have followed, it will be fine we replicate it. But if there's no known pattern that was followed, all we need do is to continue believing and using bitcoin and $100k will come unforced.

Then, if you have the opportunity, introduce your friends and loved ones to bitcoin because its future is bright.
65  Other / Meta / Re: What is a good tool for this? on: May 06, 2024, 09:58:04 PM
There are people here whose post history I definitely need to go through before jumping into bitcoin

ok thanks!
Why do you want to jump into bitcoin when you have already concluded that bitcoin is so bad, that it should be banned.
66  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: May 05, 2024, 06:23:53 PM
CHELSEA FC is officially ahead of MANCHESTER UNITED in the table

I was surprised that Chelsea is currently ahead of Manchester United in the English premier League table this same season. This gets to show how bad Manchester United and Erik Ten Hang has been this season. It seems I have lost confidence in Manchester United coach, he makes alot of substitution errors and also he isn't good in managing players. When he started with Ronaldo, we didn't know he would extend to other players. He lost Ronaldo, Elanga, Sancho and Greenwood and these guys are doing great in their respective clubs.
I personally will not be happy if Chelsea finishes above Manchester United this season and Guardiola and his boys go home with the title for the 4th consecutive times.
67  Other / Meta / Re: Bitcoin advertisements are a bit outdated on: May 05, 2024, 05:33:44 PM

info 1: Bitcoin is still in a beta phase
info 2 Do not invest what you are unable to lose.
Both information seems outdated but yet they are still valid. No matter how long bitcoin has stayed or survived, if it's still in beta version, we should acknowledge that and not say things off record. Unless there's a consensus to do otherwise, it is what it is and may remain like that as along as bitcoin exists.
Information 2 is valid for all kinds of investment, especially for volatile kinds of investments.
68  Economy / Speculation / Re: Falseful speculations about bitcoin predictions and its halving on: May 05, 2024, 04:31:27 PM

While I was yet to be convinced that truly the halving has come and gone,
No one needs to convince you that halving has come and gone. Maybe you need to make a lil research to know what is bitcoin halving. If you really understand the concept, you don't need anyone to convince you when if it has happened or not.

Some people misunderstood how the halving triggers the bull run, and they thought that the bull run will come immediately after the halving, which was why they were disappointed. The worst part of it was that bitcoin price started dipping, and many who bought due to FOMO will panic and sell.
This is pretty much how it happens every season. Infact, if bitcoin is difficult for some people to understand, it is fine they study history. Bitcoin history can show that not many new things happen each season. It is just repetitions.

This is why you need to invest in a long term investment, and use the amount that you can afford to lose, so that during your first year and second year experience in hodli, you will have understand the nature of bitcoin, that the price rises and dips, but it will always pump higher above the previous ATH.
Many people has the mentality of getting rich overnight. That is why Investing little and using DCA will not be an option for them.
69  Economy / Speculation / Re: BTC 2030 Assumptions on: May 05, 2024, 01:52:21 PM
Hello Everyone,

I'll keep this short.

BTC 2030, what is your educated opinion on the state of BTC come the end of the decade?
  • What happens this year concerning bull run will have effects on what price bitcoin will be by 2030.
  • If the bull run is just over prematurely as many people thinks, by 2030 bitcoin price will still be below $100k
  • But if we experience a major bull that will take the price to $100k+, it means that by 2030 bitcoin price will be around $200 or above.
  • Government will continue to fight privacy and will continue to win. Just a few portions of bitcoiners will remain private and decentralized.
  • Global adoption as more institutions will join the cryptocurrency industry.
  • Bitcoin will not be used as a means of payment, rather as an investment asset
70  Economy / Trading Discussion / Re: What ways can a trader raise money? on: May 05, 2024, 01:02:58 PM
There are two types of people who learn trading, there are those who already have a source of income and are looking for way to multiple it so they choose trading as an option for them, while their others without any source of income but just learning to trade for the sake of knowledge and hoping that one day they will be able to make enough capital to invest into trading.
You are simply contradicting yourself here. Remember you said that they are hoping that one day they will make enough capital to invest. Reading down, you said we should not say they should get a job. So, how will they be able to make enough capital without getting a job?

Exclude this options that they have to get a job and save up money because if it was so easy to get a good paying job, some of them may not even be trading.
What will you advise, would you advise them that at a level when they are sure of their knowledge should try to convince other people they know to give them some money as investment or convince strangers to invest in them?
Now you have said the advice you want to give them. Someone who haven't earned $10k for himself. How will he be able to manage another person's $10k if given them freely.
71  Economy / Trading Discussion / Re: Lack of capital or knowledge, which one is holding traders back from profits? on: May 05, 2024, 12:44:38 PM
There is a saying that it is better that one prepares and wait for opportunity, than for an opportunity to come and meet one unprepared. In this context, preparing and waiting for opportunity is learning how to trade and wait for trading funds. This should be more profitable than not knowing how to trade and eventually have funds in your custody. There's no doubt that you will misuse the fund.

In a nutshell, knowing how to trade and having trading funds augments each other for there to be success. But it is encouraged to have the knowledge first before sourcing for the funds.
72  Other / Beginners & Help / Re: Bitcoin Security and Privacy on: May 05, 2024, 11:37:55 AM
Pretty bad with the current Bitcoin condition privacy is very technical for now for newbies plus the government AML might chase you for money laundering which is why wallets that involve to hide privacy like Samourai or other wallets with the same feature will be chased by the government for now I don't heard customers or users chased by them but it could possible in the future.
I said something of this nature in 2022, that in the future bitcoin will be used in a more centralized way than in a decentralized way. This is because the government is fighting decentralization and privacy and in the other hand, individuals do not want to take the stress and inconveniences of learning to be private.

The easy way to go far from the government is to buy from P2P exchanges
In my country, the government is busy delisting naira pair in all exchanges. Making it difficult for people to interact between cryptocurrency and their local currency.
73  Other / Beginners & Help / Re: Principles Of Bitcoin on: May 05, 2024, 11:16:04 AM
Meanwhile, has 51% attack ever happened in the bitcoin chain?

None yet as far as the record shows, but mining pool crossing 51% of the total hashrate, I read that there is an instance where ghash.io did that but they pulled down their computational power. [1]
Mia Chloe said it's not very frequent as if successful ones have happened in the past. If it's possible but not frequent, the whole network would have been down. Then incentive system has a way of solving it, if you have such a power to execute attack, you rather use it to earn more BTC to yourself.

I think the whitepaper is the right reference if we talk about the Principles of Bitcoin since it is said that it is the foundational document for Bitcoin and outlines the concept of why Bitcoin is created along with the process of how it will be executed.  So without understanding the whitepaper let alone not reading it, I believe it would be hard to understand the real principle of Bitcoin.



[1] https://www.linkedin.com/pulse/51-attack-demystified-hrishikesh-thakkar
additional reference: https://www.kvarnx.com/content/what-is-bitcoin-whitepaper
Many people haven't even seen or read the 12 paragraphs whitepaper but they talk about bitcoin principles. Satoshi stated everything, from introduction, transaction, incentives, calculations, reclaiming disk space to conclusions. Understanding of the white paper is all that is needed to know the principles of bitcoin.
74  Other / Beginners & Help / Re: After Joining as a beginner what keeps you going on this forum? on: May 05, 2024, 10:48:04 AM
1. Hunger for crypto knowledge:   it takes only determination and the Hunger to be knowledgeable to get a user so active on this crypto space, because every minute you don't come online to see what's happening on the forum it will look like you are missing something, and u will be restless untill you come online.
You are ability to learn and understand will it give you the motivation to continue learning. When you are trying to learn but actually not understanding anything it will surely demotivate you and the hunger to further learning will quench. This is why it is so advisable for newcomers to focus only on learning and then fall in love with learning. When they are addicted to learning it will keep them going in the cryptocurrency industry because there are a lot of new things to learn everyday. But when there is no passion for learning, they will easily quit and abandon the forum. Another motivation is knowing that you can just put only one year of effort and start earning small bucks from the forum. Unlike universities that you will put 5 to 6 years efforts and will earn nothing. This is why I am not so much happy with newbies that come and quit with the reason that the forum is difficult to understand.

2. Looking at the bigger picture:  if you are interested in growing on this space then that should be an extra motivation to you to keep putting in the hardwork and looking at the future.
What actually is the bigger picture?
Maybe seeing bitcoin value $100k or $200k and you remember you own some fractions.
75  Bitcoin / Bitcoin Discussion / Re: Bitcoin and the Future of Money on: May 03, 2024, 05:03:46 PM
Speculating on the long-term impact of Bitcoin on the future of money, banking, and the global economy.
When you read older threads, you will have clearer understanding how the future works and what our duty is presently. The early bitcoin adopters had believed that by now bitcoin believers should be using bitcoin to buys things from the grocery shops. This is because of the promise of;
  • Fast transaction
  • Low transaction
But now, we are faced by reality that altcoins are doing the above two more than bitcoin.
I therefore, speculate the future of bitcoin only as A store of value , i.e the digital gold as it is being referred to, more than as a currency.
76  Bitcoin / Bitcoin Discussion / Re: CZ Sentenced, Your Bitcoin in their Custody on: May 03, 2024, 04:47:45 PM
With all these happening, I suggest we should be reminded as bitcoiners on what we are made for and should not loose focus on how we can achieve our target with the use of bitcoin for our financial economy in all modules of it's applications Privacy should be our heritage with bitcoin, using centralized exchanges is the weakest means to have it, because the governments will be after you when you're under a centralized exchange, they have all your details with them.
Bitcoin is decentralized and should be treated as such. I do understand that other people have a lot of various reasons for why they think centralized exchanges are better than decentralized ones. Personally I think we should stick to how bitcoin was made to be used.

Binance still seems to be doing well and is still continued to be used by many despite the huge heft of money that they are going to be paying for.
There lies the problem. It was just in the early days that bitcoin was used the way it ought to be used, as bitcoin adoption enlarges, different unbitcoin ways of using Bitcoin will surface. And these recent ways seem more friendly because they employ the social media and sweet UX trend.
  • It is not many bitcoin users want to know about bitcoin beyond just buying and selling.
  • Someone who cannot sign contracts and use open non custodial wallets have no business with DEX.
  • Many newbies are introduced to exchanges as the first place to create accounts
  • During mempool congestion, exchanges become our friends, so we can't do without them.
This is why we still marry with the government and his privies. It's a long journey.
77  Other / Beginners & Help / Re: Enjoy being a newbie on: April 30, 2024, 03:07:35 PM
I'm also enjoying being a newbie.  Being new to this forum I am very happy and very excited.  I am more curious about it.  Always learning new things.  Everything here is very helpful.
In as much as we advocate that newbies should enjoy their status, also try to rank up. There's another level of enjoyment you will witness immediately you become an established member of this forum. By then your opinion will be held high especially if you are also reputable.

Actually, you don't need to stay as newbie to enjoy the forum and if you stay for too long then people might assume that you are dumb to learn things that are too basic. Anyway, not only newbie come here to learn, its for everyone irrespective of the profile ranks and one who got the knowledge will guide you in the right way but never forget this is just a forum and don't expect everything shared here to be a fact especially a random user.
Exactly what I meant above. Anywhere you find yourself, you should endeavour to grow. Growth is another level of enjoyment. Especially when you look back and remember where you started.
78  Economy / Economics / Re: How safe is it to keep your money and gold underground? on: April 30, 2024, 02:48:01 PM
Many may be confused by reading my title. Some may find this approach ridiculous. But this is a different technique and experience for me.

 Now I want to ask everyone:
    Have any of you ever been aware of this technique before?
And do you think we can keep our savings and wealth underground by adopting this strategy and considering it the safest?
And that being said, how safe do you think it is? At this time?
This reminds me of one topic that I learned during my engineering days in the high school. It is called indigenous technology. The concept of indigenous technology is the ability to solve problems with the technology that is known to people of that environment. The problem could be universal but every culture or nationality has their own way of serving that particular problem. The method that is being applied by your grandmother and mother could be peculiar to people in that environment as at that time. When you go to another country that could be another means they serve money and gold then. But later on the universal method of using the bank that is being controlled by the government became invoke whereby everybody willingly and forcefully has to trust the government to save their fund and other valuables. Presently wise people are looking for a way to avoid the bank and the highly centralized government and become their own banks by adopting a decentralized means of owning and managing money which is Bitcoin. So, instead of looking back to ages to adopt the methods they were using then, it could be better to look at the future to adopt the method that will be invoked in the nearest future.
79  Economy / Service Discussion / Re: How does clogged mempool affect your crypto business? on: April 30, 2024, 02:15:02 PM
BTC is almost unusable right now, all thanks to ordinals and now runes; if you are a business owner that accepts BTC, nobody is going to pay you with BTC right now, so you can add other cryptocurrencies and even stablecoins as means of payments. Or you can stop accepting payments in BTC, until the congestion fades away. If spammers continue to take all the space in a BTC block, how do we introduce BTC to people and tell them to use it, that is what i have been asking myself since this madness started.
It is pathetic that one of the core factors in which bitcoin was marketed to the lay man has been lost. In the early days of Bitcoin, making transaction with a very low transaction fee has been the attribute of Bitcoin. This is why people opted to use bitcoin for international trades and transaction. But with the current mess in the Bitcoin network, it is obvious that bitcoin can no longer be used to purchase a cup of coffee. An individual cannot afford to pay very high fee to buy a product and even the product owner cannot afford to augment the transaction fee. It is clear that many people have started shifting to altcoins payment. The most popular altcoin they are trooping to is litecoin. Even in the other forum, campaigns are gradually moving away from bitcoin payments. I wonder what the future has for bitcoin.
80  Economy / Service Discussion / Re: Does your Sig-Camp Manager counts gambling posts that moved to off topic on: April 30, 2024, 01:53:16 PM
I know some of you noticed that some of the threads or topics from the gambling discussion section were moved to the off-topic section. Well, I haven't experienced having any of my posts moved to the off-topic section. I just want to ask, if this has already happened to you, does your signature campaign manager still count or pay for posts that have been moved to the off-topic section?
When I read the title, I thought you were going to ask someone different from what you have asked. For your question, it is obvious that campaign managers don't count off topic posts. But, I have heard some users complain to me how some managers deny them payment maybe because one out of their 25 posts for the week was moved to off topic. You know the campaigns that doesn't pay per post, they only pay when you meet a certain post requirement. My only advice to them is they should make posts above the requirements incase of off topics and deletion. But I don't think it's so nice that someone is denied payment just because of 1 off topic post.
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