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There is still many years until all BTC would be mined. For example, till that time someone can invent a new super miner with a huge, for the current moment, hashrate and low electricity consumption.
Miners always work on getting a better equipment and since GPU mining hashrate is constantly growing. For now nothing tells us that this trend should stop.
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First of all taxation laws are different in different countries.
But from what I know you shouldn't declare your gifts as an income at all. Unless the amount of this gift is over the numbers, written in the law.
Coinbase shouldn't make their own taxation rules in this case.
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Bitcoin dominates the decentralized world from the beginning of its
birth,and it will keep dominating it form now then.
Bitcoin only dominates in the world of cryptocurrencies. Decentralization is not only used in currencies and no one stops companies to create their own decentralized platforms without any cryptocurrency being used there. 3.High Electricity Consumption connects with network high computing difficulty which will ensure that every investment in this
venture capital remain safe.
Nothing can guarantee that your investments will be safe in crypto world. There is no guarantee that mining would become not profitable, BTC price goes down and miners would have to fix their loses. |
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I know nothing about mining but I have to ask it.
What stops miners from switching to another pool? For example if people see that very soon blockchain will be centralized then they can switch to the other pool in order to save their money and investments. The pool consists of ordinary miners that are not controlled by Bitmain.
The bigger the pools the highest chances of hitting a block, That's the sole reason why people choose a pool with the highest hashrate. Coming to centralization, Any pool that controls more than 51% of the hashrate controls the blockchain. And at the same time they should understand that if they choose pool, which is very close to 51% they they won't earn anything and even lose everything they got. I know that miners are earning money but I don't think they are so retarded that they would harm themselves. |
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Is this bad, or positive for LN adoption?
One of the most retarded questions I've ever seen on this forum. LN is one of the possible solutions for all those problems with slow and expensive transactions. And you ask if the existence of this problem good for development of its solution. lol |
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I know nothing about mining but I have to ask it.
What stops miners from switching to another pool? For example if people see that very soon blockchain will be centralized then they can switch to the other pool in order to save their money and investments.
Nothing stops miners from switching to another pool. Miners don't even care about blockchains being centralized. The far majority of the miners just focus on profitability, and when that's in their favor they'll mine any coin, regardless of its fundamentals or legitimacy. Miners are so focused profitability that some of them allowed their hashrate to be used by Crack the Scammer Wrong and CoinGeek in an attempt to attack another chain and potentially double spend on exchanges, which just shows how rogue miners can be if the situation presents itself. Their profitability fully depends on the blockchain centralization. 51% attack would be fatal for the entire BTC blockchain and all their investments altogether with their BTC shashes (they probably have some big ones) will lose their value. I hope that miner community would be able to find some consensus and save the blockchain. |
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This is why I started this thread --> https://bitcointalk.org/index.php?topic=5128384.msg50480986#msg50480986 because I want those buy trades to be on the Blockchain and having an influence on the price. A lot of the OTC trades are huge and it has to have a influence on the actual "demand" for coins. My understanding of these OTC trades was that actual transactions took place and not just ledger entries on a OTC database.  Are we talking about the same thing here? All transactions are shouldn't really influence the price. At least it doesn't work in real world. If you are coming to abroad, brought back some USD with you and have to exchange it to EUR. This operation in bank doesn't really have any influence on the exchange rate. Only the exchange rate will tell you the exact price and you have to follow it. |
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Cryptocurrencies were always been considered as a risky asset for investments. And they definitely deserve this title.
What kind of things should happen to make all our fiat less safe than currently unsafe assets? Just name some criseses where people gave up everything and started buying something, that earlier was considered as shit?
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This will be interesting if is really true but as it seems there is no proof to this. Thinking that Warren buffet has made his intentions know about Bitcoin openly and it doesn't look like he is ready to change that anytime soon. So if he is going to probably change his mind to invest into bitcoin , then it’s going to be made open for everyone to see it. Just my thought.
It seems that i don't find it interesting anymore whenever i see warren buffet news dealing with bitcoin. I mean the guy obviously will not change his stance for btc and would likely make another statement against it. He's a wealthy man and he deserves respect for whatever he did to achieve his status but when it comes to bitcoin, he's just a rich old man. Sure. Also I would think that this news is fake (or 1st April joke). An investment strategy os Warren Buffet is to find some underpriced business, buy it and then sell it for the full price. He is buying 1$ for 70 cents. Warren Buffet can't use his common strategy with cryptocurrency speculation and I don't think that something made him to work with crypto and all those news are fake. |
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And what solution Bitcoin gives to us? probably to destroy the entire economy of a country and bring its residents to the stone age.
There is nothing bad in such debts until countries like USA are able to support their debts and pay for obligations.
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when bitcoin block reward was 50 bitcoins the miners were earning about $5 per block they found. then time passed by and it halved to 25 bitcoins and miners by that time were making about $20000 per block! then it halved again to 12.5 bitcoins and by this time they were earning 60000 on average which also went as high as $300,000 per block (12.5 + ~3BTC fees * ~20000=310k).
now you are asking what will happen after about 100 years when the block reward is so small that the total circulating supply is close to 21?
the answer is you can extrapolate the price and see how that small reward is going to be worth a TON.
The problem is that back in the early days I could easily mine a block with a help of my laptop. Now I would have to buy some more serious mining equipment and probably join a pool to do that. The amount of required investments is also growing. The question is what grows faster: block reward or equipment prices? |
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I know nothing about mining but I have to ask it.
What stops miners from switching to another pool? For example if people see that very soon blockchain will be centralized then they can switch to the other pool in order to save their money and investments. The pool consists of ordinary miners that are not controlled by Bitmain.
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People seen a decent price growth. Someone tried to sell his BTC for fiat and fix profits, someone tried to sell his alts for BTC because it is more stable and got more growth then some alts. With a fast growth people had a million reasons to use their Bitcoins and now, when the proce is stable for already some days, everything returned to previous numbers.
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genocides happen, they happened all over human history, avoiding them completely would mean the creation of a global communist state controlled by a rich central banking elite (defacto tutsis), do you want that?
the russians tried that but western greed and racism was much stronger, so the idea collapsed and got replaced by an american central bank scam
I'm telling that the problem is that those people publicly declare that they are fighting terrorism and some other shit and getting huge money for it while doing absolutely nothing. This is not about racism and greed. Current international political system is not working and it is full of shit. |
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Hey guys! I've recently found some interesting read that tells us about one of the cases, that demonstrate how UN bureaucracy works and how they are helping people. Those people got a great power in their hands but no one is going to use it in order to help people when it is needed. Link: https://quillette.com/2019/04/03/the-scars-of-rwanda-25-years-on/ |
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Investors are not anymore willing to invest and get their investments (tokens even if it is security) months or years later.
Getting your tokens right after purchase is an even worse idea. If it would happen like that then people would be able to trade their tokens between each other and it will influence this ICO in a negative way. Second is that it is stupid af to trade shares of a project that did not even raise money to become somehow established and start this fucking project. |
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I can't imagine how much money people lost following that logic when BTC price at first dropped from 20k to 15k, then to 10k and so on. I remember that after BTC lost 5k extremely fast many people decided that now there would be a pullback but no. The price stayed at the same point for a long and then dropped again.
No one can guarantee that the price would fall lower, especially if the price grew pretty much recently.
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Satoshi has invented a Blockchain but not the entire cryptography. There is nothing special in fact, that in other spheres except currencies people were also working on digital security. And tbh making a decentralized data storage doesn't seem so creative so this idea could easily come to someone else's mind.
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this looks like a very strange idea!
Lightning Network is more suitable when you want immediate payments and specially when you want to do lots of them. with an ATM you are buying bitcoin or selling it once and although you may prefer the speed of LN but it is still not a requirement specially when you are buying bitcoin from ATM machines with money.
It is not that serious for buying but it makes the selling process easier. For example now you can come to an ATM, send a transaction from your smartphone and instantly get your cash without waiting for your transaction to be confirmed. Not a super serious update but it makes the process a bit easier. |
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If you trying to figure out what caused the pump then it is important to consider the cause and effect. IMHO it seems like price growth caused fee increase: holders found a chance to sell their coins, exchange it into alts or just buy something irl while the price was growing due to growth on exchanges, where most operations are performed outside the bitcoin blockchain.
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