1. Is it correct to assume that each halving will result in a 50% reduction in rewards?
( If current reward is .0003 BTC, reward after halving will be .00015 ) ?
2. Is there a good calculator for ROI and estimated rewards ( per day ) that calculates 5-10 years in the future or allows an input for estimated future value of BTC ?
3. Will BlackRock and the central bankers be able to fork BTC into a proof of stake coin? ( How are changes to BTC created ?)
Thanks,
Ron
Yes, I don't know, and Yes, respectively. The halving divides every reward from mining a block in 2, which is why it's called the halving in the first place. As of now it's BTC6.25 per block, in the future it would only be BTC3.125 moving forward until the next halving. This effectively reduces the total supply of bitcoins in circulation and makes bitcoin a more scarce, deflationary asset in the process. I don't know if there's any ROI calculator out there as I haven't gone out of my way to find out if there is, but there should be if I'm correct, just scour the internet. Anyone can make a derivative of bitcoin and call it theirs, it has been done in the past with bitcoin forks like bitcoin cash, bitcoin gold, and more. Blackrock creating a proof of stake bitcoin would prove futile though as PoS, while efficient, is not as secure as many tech journalist make it out to be. |
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Probably some of his enemies in the industry or some that he made enemies with in the background. It could also be possible that since he's a dime-a-dozen cryptocurrency influencer, they tried kidnapping him for ransom and then killed him when they found no use for him anymore. It was also said that he is involved in some shady dealings and questionable businesses with some people that might've turned to him owing a large debt to some people like what @Stalker22 has said.
It's not uncommon for these crypto-influencers who used their fame for profit to get what was coming to them, Pleterski just got sacked and kidnapped for $3 million by some of the people who he screwed over with his "crypto" scams and the funny thing is, despite him being the root cause of all this the kidnappers were the ones that got jailed and he's able to run free again without major consequences from his actions, well besides a badly beaten face and a scarring event that should leave him humbled for the rest of his life.
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Cashless payment has become so popular and is gradually becoming a habit of many consumers, like last weekend I went to a market in a rural area when I saw that there were very few ATMs around, but surprisingly, the sellers there accept online payments, and the real amount is only about $2 for some fruits. I'm impressed with them because it's still a poor area and payments are mostly cash, but the way they're approaching the changes in the world is still unrestricted.
In recent years, especially after the outbreak of the disease worldwide, the shift of people to payment via Internet channels or mobile phones has increased both the number and value of transactions. In the digital age, data can be used to understand and capture customer behavior and consumption trends, helping banks and businesses identify new opportunities and make the right decisions. and improve operational efficiency. Regarding the role of data in the operation of the banking industry, connecting data will help banks gain insights into customer behavior, helping to cross-sell products. In addition, the full data connection contributes to preventing fraudulent acts, enhancing information security.
Although this is a rather small issue in terms of personal experience, it is undeniable that it is the direction of future development in the new era, what do you think about this issue? Although I know that not everywhere has enough conditions to be exposed to changes in technology, finance, new knowledge, ... but what I am paying attention to is that it is more convenient for life. In life, there are problems that will come to universalize it but over time people do think we will use less cash.
I don't think creating a central data hub where all people's information are saved is specifically the way to go especially when more and more people nowadays are becoming more self-aware of how and what their data are used for. Plus it doesn't necessarily solve the issue of logistics which is the primary reason why there could be slowness in some cases of online payments. In that regard, the best way to solve this is to create faster payment channels that are streamlined to accept payment in blindingly-fast speeds with little to no fees and near global reachability. Bitcoin seems to be the answer to this, but the possibility of creating a specific cryptocurrency for the job isn't so bad either. All in all it's not data that's making things slow in the end of payment processing, it's logistics, and if that is solved then the dilemma of slow online payment channels is going to be a thing of the past. |
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As for me, and as with everyone here my journey started with bitcoin. Knew about it from an internet ad and then proceeded to visit this forum back then only for knowledge and proper advices as I try to brave things out (this was still in 2016 and I'm nothing more than a broke high school kid with supportive parents) and when I finally mustered the courage to take the leap and invest in crypto it was with bitcoin and the money I earned from signature programs in the past. From there I grew in knowledge and experience.
I'd say working with cryptocurrency now, My self-rating is around 95%. I know the ins and outs of the industry (except mining which to me is still a general mess even though I dabbled with GPU mining in the past) and as I transition into working for Web3, I'm bound to learn more about the crypto world.
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If you are aware that your neighbor living next door is into drug dealing and he come seek your advice how to buy Bitcoin, will you teach him?
What comes straight to mind is embezzling the ill-gotten money, but is this even safe? My other neighbor knows I am into Bitcoin and he learned from me, I guess that's how this other neighbor knew, I told him to go meet the next neighbor but he said he is not ready to teach.
What will you do if something like this is happening around you? Why would a drug dealer want to learn Bitcoin if not for a safer haven for running the business?
My mind isn't settled as I keep thinking different things, what is on your mind readers?
Where are the bitcoin maximalists when we need them the most? Where are them to preach about bitcoin and its adoption lol Kidding aside, it all depends on how morally upright you are. Are you willing to keep a secret to help a brother out in keeping his money? Or are you going to deny you know anything about bitcoin and risk getting beaten for withholding information that they need? It's all up to you my friend. Personally, and this is still an answer in progress but is something that's straight from the top of my head, I won't tell him about it, I'd deny that I know about bitcoin, maybe even lie that I'm only lying to my neighbor to make me sound cool or something lol. It's better to get beaten and all that than to be an accomplice to a crime you never and will never commit. |
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I know you mean well with all these things and in your head you're after a noble cause of promoting bitcoin and its adoption by urging regular investors to buy as soon as possible, but as with what some folks here have told you already, I don't think it's going to work well especially when people don't like getting ordered around. Believe me when I say that everyone would invest in bitcoin and cryptocurrencies if they could, I never encountered anyone who's reluctant about investing in it, at least with those that I know are already involved in the cryptocurrency world.
What I'm trying to make a point out of is that people have reasons why they can't invest in bitcoin just yet, forcing them to buy now without the capabilities is just going to do more harm than good. Might as well lead a silent campaign instead of going balls-deep on urging people to invest in bitcoin.
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Be that as it may, if you read the latest news about Binance, it doesn't look very positive:
-The bitcoin exchange Binance has cut more than 1,000 employees in recent weeks. This is reported by The Wall Street Journal, citing its own sources.
According to their sources, layoffs are ongoing and the company could lose up to a third of its staff of about 8,000.
Reductions are taking place around the world and, according to former employees of the exchange, mainly affected customer service.
A Binance spokesperson confirmed to the publication that the company is laying off workers, but declined to give specific figures.
- Bitcoin exchange Binance is preparing to cut corporate benefits for employees, citing declining profits. This is reported by The Wall Street Journal. Since June 19, the company has stopped offering certain benefits, including reimbursement for mobile, fitness and telecommuting.
- During the launch of Binance's US division in 2019, bitcoin trading volume exceeded $70,000 in the first hour. This was reported by The Wall Street Journal.
According to a note by the head of the company Changpeng Zhao (CZ), which was familiarized by journalists, the demand came not from external traders, but from the platform itself.
The WSJ authors said this situation could signal "fictitious trading," making it difficult for regulators to assess the depth of the market.
Back in 2022, the agency became interested in Zhao-affiliated trading firms. One of them was Sigma Chain, which was a market maker and, according to the SEC, owned by CZ himself.
The WSJ noted that Sigma managed dozens of accounts on the platform. The regulator claimed that the day after the launch of Binance.US, fictitious trades between market maker accounts and exchange employees accounted for nearly 70% of trading volume.
- Binance has withdrawn its license application in Germany
Welp. Looks like it's the end of the Centralized Exchange Era in the industry. It was fun (for hackers and scammers) while it lasted but I think the whole industry's not going to be significantly impacted by this change unless the collapse happens in one fell swoop. It's not unbeknownst to many how pivotal Binance is in introducing millions of people to cryptocurrency but if we're only going for the legacy here we'd stay stagnated and the industry may die off in the process. Best to move on albeit with losses of course cause people will start selling their bitcoin holdings soon as they see the first sign of Binance's collapse but at the end of the day, recovery is still a huge possibility and with the up and coming halving and a possible bull run, if things go well we might not even worry bout Binance's shenanigans anymore. |
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Just joined BitcoinTalk forum and I must say, I'm quite surprised to see that it has turned into a place where 50% of the forum active members are promoting Bitcoin mixers, betting or casinos. Was hoping for more discussions on the technology and its possibilities.
Nothing wrong with promoting businesses in the cryptocurrency space. If anything it drives more people to be involved in this industry even. Plus, 90% of the active members here who wears signatures like me and are promoting businesses provide relevant help and answers that are informed, so it's not like no one's getting anything good from this. And to top it all off moderators in this forum offer all-day surveillance to staunch shitposters so the whole site's clear from them. I don't see any problem about promoting a business, and getting paid at the same time while helping people get valuable information or advice with whatever crypto-related issue they are having. Maybe you're just salty? |
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Once I thought it would be stupid cause then again bitcoin's very volatile and it could you know, decrease the value of the people's pay, especially since a rendition of this thread was made back in the past. Now I don't think of it as deranged anymore cause a lot of people in this industry has stopped receiving payments in stablecoins and are happily accepting money in bitcoin and other coins. I think this is great cause it drives usage and adoption, and in my case, it became a conversation starter that lead to some of my acquaintances becoming involved with the industry too. So while the threat of losing some of your money is still there, the overall benefits it give in the adoption department outweighs the risks by a longshot.
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Subsidies have no downsides, so I don't think their absence will produce any form of positive effect on anyone cause yet again, at the end of the day no matter how we thank the government for giving us these things, they take the funds and the capacities from our own pockets in the form of tax. So if the government were to remove subsidy programs, what would they do with the money that's dedicated to subsidy? What would they do to replace this effortless program that provides lots of benefits with no downsides?
Subsidies only become a problem when they are used on stupid things, so perhaps it's not subsidy that should be abolished or what even in this theoretical analogy you made OP, perhaps the one's to be abolished should be those that make stupid legislations and decisions in the government!
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While I would agree with the large monetization potential on the Internet as a content creator. It takes years for you to even earn something of value in this field. Let alone the amount of effort that it takes to flush out creative and relevant, even harder if you're going for informative content is more than enough to scare a few people away. If you choose to be a content creator on the Internet, do it out of passion and not just because you want money because if you keep chasing the money without proper motivation, you'd find yourself demotivated when you don't earn as much as you would expect.
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Not having job, not having anything you are doing and only depend on trading? That makes trading to be riskier and it can result to a poor mindset that will not offer anything more than losses. Do not depend on trading.
Even if you have work that you are doing, only use little percentage of your weekly earning for trading, not making it to affect your financial or family financial life.
You have a point, but at the same time when done right the act thereof of day trading is more than enough to replace your regular employment by a large margin my friend. While you're right, it's still better to have a safety net job for whenever things go awry, there are people out there that fully rely on day trading not of their own volition, disabled people, marginalized, people who have bad records but are willing to change their lives for the better by day trading, just to name a few! It's about how they carry themselves during day trading that really matters at the end of the day. Not how many jobs they have and all that. |
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Over the past 123 years, the Russian ruble has defaulted three times. What is the probability of a fourth default?
Lol how much did you lose in forex for you to think that the ruble is a scam. Countries left and right have defaulted and all that, we don't call them scammers too do we? Economic turmoil is bound to happen at one point in a country's lifetime, it's not something that they have control over especially since the world is ran on fiat and finite resources. To single out a single currency just cause they defaulted, during a crucial economic situation too is just a little stupid in my opinion. Cause if that were to be the case we should start calling every country who defaulted as scammers, USA included cause they are basically just dragging things out with the end game either them repaying their shit which is going upwards of a trillion now by the by, or not paying it outright and letting the whole economic world fall down. |
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I want to start a discussion highlighting some points I read online regarding women as compared to men in entrepreneurship and the chance of success.
Men and women do not prepare for the launch of their business in the same way. The number one preparatory activity for women is specific training (43.3% versus 31.8% for men). Men are looking for potential clients (45.8%) and writing a business plan (42.5% versus 34.6% for women).
Market research is carried out by about 1/3 of men and 1/4 of women.
Women entrepreneurs are much less experienced than their male counterparts: 37.5% have less than 3 years of experience versus 25.7% of men.
82.5% of women start businesses alone (compared to 69.8% of men)
Men consider that they are more entrepreneurial than women (84.7% of men against 72% of women)
Men have much more confidence in the future than women (48.2% of women vs. 64.7% of men)
Men are clearly more confident in the success of their company than women: 72.4% versus 65.3
There are far more unemployed women than men among entrepreneurs: 25.9% versus 16.9
Women are 3 times less likely than men to have already tried the adventure of creating a business: only 5.3% of women had already created a business against 18.4% of men
As a result of the difficult economic times, do you consider that there will be more women entrepreneurs competing with men in this field which it so looks like they currently dominate? https://www.intotheminds.com/blog/en/entrepreneurship-differences-women-men/ While this is saddening and all that, there are factors that lead to these statistics. For one, in the case of women entrepreneurs having a higher tendency to be unemployed compared to male entrepreneurs, the societal pressures and standards that are imposed upon women, such as caring for their kids, staying at home and all that, is a big factor why they couldn't get jobs in the first place, another would be the fact that some women aren't fit to work in a 9-5 setting cause most of them undergo larger health issues in life, just the fact that they undergo monthly periods is enough a reason for them to not choose to work especially if it's on site lol. But I see that the world is shifting to be more inclusive and progressive, so perhaps in the near future we see more women that are self-made and independent, more so able to catch up to whatever us men are doing but that's going to be a long way. |
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For me, just being able to live life comfortably without having to worry about getting the money for paying this and that is enough to be considered financially stable. It doesn't take that much either, all you need is a good paying job which is more than enough nowadays with work from home and all these awesome opportunities that companies are putting up. If you have enough money in the bank to keep you going for a little while if you go jobless, enough money to survive on a daily basis without going frugal, and you can buy whatever you want, that's financial stability right there. Basically all it means is you being able to realize your life and do whatever you want without the shackles of money keeping you down. If you got that life then congrats!
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A friend contacted me yesterday for some loans, which I declined (with some excuses) because I knew he really had no means of fast repayment. After some time, he called again and requested that I buy his refrigerator or his washing machine instead. Although I don't have a washing machine, but I had no interest in buying anything at that moment, so I contacted another of my friend who bought the refrigerator and the washing machine from that guy.
It's not a surprise that sometimes we find ourselves in emergencies that really require some funds to solve the problem at hand. We all know that life treats everyone differently depending on the country, city, or village in which they find themselves. You can't blame anyone or say it's a result of bad budgeting plans or inability to save for emergencies.
I just decided to put this up here to see what you guys think about it. If you are in a situation that requires some funds immediately, would you go for a loan or would you sell one of your properties to solve the problem? And which of them is a better option, to sell property or to take a loan?
"$1000 is a not a lot to have but it's a lot to owe." has been my number one mantra whenever I am short in funds. Way back then when I was a belligerent idiot who fails to make payment promises and all that I thought it was fine cause I'm paying them anyway, just not within the allotted period, but then again I figured that sometimes it's actually much better to pay people right away than to marinate the debt, even if they say it's fine. I feel like I'm going off a tangent here but in connection to OP's post and presented dilemma, I say it's much better to actually just take the debt provided that you're a good payer than sell your stuff. It's easy to sell shit, it's hard to buy them back. And especially with appliances that you would use everyday or on a regular basis, retaining those items that ensure you get payments, like computers, washing machines (so you can wash your shit and go to work not smelling like a hobo) and taking up a loan with the caveat that you pay it right away is a much smarter move than crippling yourself you know. |
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The whales stirred. What should we expect?
Judging by the information coming in, a lot of ancient "crypto whale" wallets that have not created any movement with Bitcoin, for many years, have recently "come to life". Recently, assets have started to be transferred from these wallets to the exchanges. The withdrawal to the exchanges, kind of hints that these amounts are being withdrawn to sell Bitcoin. Question to the esteemed public ! What is this ?
- the end of the short era of cryptocurrencies ? Owners are actively moving into fiat
- the end of the Bitcoin era ? Are they selling it to change cryptoasset for storage ? And what is this crypto asset?
- regulators have "gotten their way", cryptocurrency is losing support and interest ?
- your version ?
Sales of large amounts of bitcoin doesn't necessarily mean that its value is going to plummet right then and there. There's multiple factors affecting the price of bitcoin and sale movement is just one of them. Plus for all we know, with the right process the act thereof of selling and trading bitcoin for other cryptocurrencies is a good thing too as it helps with improving the trade volume of bitcoin, which in itself is an important factor to its price. At the end of the day it's not like something as simple as this could topple bitcoin from its position or even worse kill the whole cryptocurrency world. Keep that in mind and stop getting FUD from people who don't know better of what's really going on within this industry. |
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That's some pretty useless statistical data if you ask me.  What's the point of busting your ass working on a minimum wage for the sake of earning one whole Bitcoin? Can't you just earn 0.1 BTC? Will you consider your life to be truly accomplished after earning that one whole Bitcoin? Why don't you invest in yourself, gather some skills and get jobs, that are paying a higher salary? Why don't you try to build a business? Working on a minimum wage is the definition of wasting your life, while being an underpaid slave. Countries that have low salaries also have low cost of living, so it's not accurate to compare the minimum wage in different countries without calculating the purchasing power parity(PPP). C'mon dude you know it's not supposed to be taken at face value  I'm thinking this just paints a clear perspective of how fucked some countries are economy wise. With some of them even going so far as 3000 years Lol what the flying fuck Venezuela. But I digress. I think as I said it paints a nice perspective of how things are going on certain countries in a baseline that we could all understand which is bitcoin. With this in mind we're able to see just how drastic the difference is between countries like Luxemburg and Australia, compared to Venezuela or any other country in the bottom floor. While it doesn't pose any clear solution as you are trying to say here, I'm thinking to some people seeing this is more than enough reality check to see how fucked they are country-wise you know. |
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Competition breeds innovation, which could be said for bitcoin and the entirety of the cryptocurrency world too. If all altcoins are gone and bitcoin only remains, sure we may see an upsurge of people investing on the platform but at the same time advancements in the cryptocurrency industry will no longer happen. Say good bye to NFTs, to DeFi, say good bye to everything that you're able to enjoy in the cryptocurrency world cause for the most part the only thing that bitcoin's got going for it is the fact that it's valuable. Slash that out and it's going to be rat stomped by the competition. This, alone will kill the cryptocurrency world cause no one would bother investing on a coin that does nothing but be a payment method when fiat's more accessible and convenient.
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Bro through and through this thing is a scam. No way this isn't.
What the customer service is basically telling you is this:
"Hey, we need you to deposit more funds so we can steal more from you hehe thanks". I can tell you're not someone who's accustomed to the ins and outs of bitcoin and crypto, but anyone with a modicum of internet knowledge would know that this is a scam cause no type of service out there will go out of their own way to ask you to pay them more unless it's for a service that you subscribed for. Add to this the fact that they are literally advertising themselves as an exchange/crypto trading platform, which by the by, does not require you to pay for a joiner's fee in order to register. That's just stupid. Consider your money gone now.
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