What do you think Bitcoins biggest vulnerability is?
Its volatility could be called as both a strength and a weakness. Cause people are afraid of how it changes so much in just days in the market and yet thats how most bitcoin owners profit, because it's close to unpredictable. There's also the factor that government refuses to accept it so the masses also adopt to the same policy. Those that are ignorant of the benefits of bitcoin or crypto that is. I wouldn't really say security as a weakness since that's always a part of a system and the community are striving to improve it anyway so I wouldnt really count on itbas its weakness. |
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Exacly what is the Reason bull run have not started yet?
There is allready good things happening Bakkt, Binance, bitmex large volumes and so...
Still that all its not enough?
Bakkt is here, but the effects on the market were a disappointment to a lot. Even though it was hyped and people told the community that with its launch, bitcoin price would rise, when the launch happened, instead of going up, it went down. Besides, those factors may affect the market but since they were a bit of a disappointment, they really didnt do much to affect the bullrun |
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We all know the US gov rules, dictate to rest of the world.
So if they cornered the btc market, afterwards the btc price could only go up, factor with this a few btc friendly directives, and a massive coup would have been achieved.
What is the downside?
By buying a huge amount of bitcoin, they would be forced to partake in the community since owning bitcoin doesn't really help in the other natters that they manage. Besides, wasting a million, billion dollars on something you wouldn't get profit for isn't really that of a good thing. By controlling majority of the market, they wouldn't really profit cause everyone by then would know that someone is manipulating it in a huge/large scale. |
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The overall topic for my project assignment is: Rethink. I think rethinking money fits in perfectly but I've run into some problems. The subject matter needs to be problematized and it needs a conclusion at the end answering my thesis question/research issue. I'm not really sure what my question should be though. I also need a product. Any suggestions?
You should probably consider on how you can easily inform the possible panel about the information dump you would give to them. Bitcoin isn't that easy to describe since it involves a lot of information starting from blockchain itselg. Using bitcoin as a product can be fine but since it has a few problems, try to find one that fits in perfectly with your topic that hasn't been really discussed in the past. Remember to search whether your problem statement has been indicated and resolved in the past. |
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I see a lot of topics talking about why bitcoin did this or that. Sometimes there are clear indicators as of why but many times it simply happens. Coincidence, trading bots and simple TA can affect the price and create a snowball effect easily.
Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.
It's basic demand and supply kinda thing. Only bitcoin is limited and not all people own it. Plus, FUDs, Analysis chart, famous person saying not to hold, etc are some of the reasons why the price changes at times. Bitcoin always has some kind of issue or news about it that affects it price, whether it be small or big news, which naturally affects the perception of bitcoin owners whcih then makes them sell the coin all of a sudden. |
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We have been through a rough ride but what's next for bitcoin ? It has survived some brutal sanctions which were implemented by regulators but still manages to flourish (sustain), but don't you think bitcoin can earn more reputation by doing something good for the community like donating for environment cause, could pledge to help Amazon rainforest to recover from the recent disaster which will create more bitcoin sympathizers. Don't you think bitcoin community needs to focus on world affair so that we can be a part of mainstream and recognized by people ?
Bitcoin isn't controlled by anyone so a plan to donate would need to be talked about by the community and only those who agree could join the said charity donation. I don't expect the majority to partake in that kind of session though. The community doesn't need to partake in charity to become famous since it's basically just a matter of time. And bitcoin won't be the one featured, it would most likely be the user who donated, or could be labeled as an anonymous donator. |
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This is a question to people who at some point discovered Bitcoin, but only became Bitcoin enthusiasts later - what was your experience?
I'll start with my story - I have first learned about Bitcoin in 2012 when I was looking for payment options for one online deal. In the end I used some other payment options, and Bitcoin didn't catch my interest, although I did claim a 0.005 BTC faucet once.
Then in 2014 I have learned about Dogecoin, and I still have vague understanding of cryptocurrency, I traded my BTC for DOGE and even tried to mine DOGE on my GPU. Then I quickly forgot about crypto again.
After that Bitcoin caught my attention in 2016 and I finally became a bitcoiner.
Looking back at all this, I wonder why it took me so long to became more involved in Bitcoin. What if millions of other people know about Bitcoin, but don't consider it as payment option or investment or store of value - how can we catch their attention?
I started with one of my friends saying about bitcoin and how one of his friends used the computer at our school to farm them. This was the time when bitcoin was still fairly unknown and still didn't have much monetary value. I tried dabbing into it for a bit but wasn't that interested then. When my friend updated me that bitcoin was rising and I should try it out again, I became more involved and that's what happened. It was I think around end of 2015 or the start of 2016. Probably people don't consider it is cause they don't know much about how bitcoin works as a payment/investment option. Well, they're hugely missing out on the big things that way though. |
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Alright so Bakkt launched this thing and then the price of Bitcoin sank faster than whale shit. What happened?
How do I sign up and get an account at Bakkt? Did Bakkt get rekkt? Or did Bakkt do the rekkting?
It didn't really bring out the benefits it would have when it released. Many were disappointed with the results when Bakkt launched since they expected a price pump on bitcoin. It went the other way. A lot of people were hyped about the Bakkt launch and when the launch started, the same amount of people were disappointed. Bakkt got rekt, and not really their fault but the market also got rekt. Big time. |
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Bitcoin has come along way we have seen massive adoption and so many videos, news, and articles about websites and many people have invested and are now using Bitcoin do you think after ten years majority of people around the world have heard or read Bitcoin one time or another?
I actually knew of bitcoins existence back when it started cause of some of my friends who told me about it one time. I didn't really take notice of it until after a few years when its reputation has spread quite a bit. The majority should know of the word bitcoin or crypto and should have heard it once or twice especially after bitcoin reached its all-time high price. A lot of people were suddenly invested in it since they never expected something unknown to them to be able to reach such a price in the market. Most of the people who know about bitcoin though are those in the financial business markets and jobs that have relations to the financial market. |
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- Congressman claims the US has no capacity to Kill Bitcoin!
No one can kill Bitcoin, Only the Catastrophic event can sure kill it. (example A meteor hit earth) True. Bitcoin is way too spread out across the globe. And even if you did terminate the majority of its holders, since bitcoin or rather crypto is not controlled by anyone, the coin would still exist somewhere and would still be able to come back. Podcast Topic: Wes Carlson and Omar have an informal discussion on varies topics including the following highlights:
- New people discovering Bitcoin - fear and greed
This is natural. People are scared of new things and would rather stick to the old ways since they are more experienced with doing that. On the other hand, people who start participating in bitcoin would naturally feel greed with how large its price was in the past and its possibility of repeating that event. Humans are naturally greedy human beings after all. |
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I like the idea but there would be regulations instilled upon that network and hopefully they don't let it be controlled by someone. It's a very good idea that could potentially help all the countries who would be involved in the said network. However, lack of information regarding on how they will do it and the rules and regulations attached to it is a very negative situation at the moment which makes it difficult to judge how would the SWIFT payment goes. It's a nice idea, just that more information is needed on how would they implement the said system. |
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Till now, I have read many news from different people claiming they are Satoshi Nakamato.
We all know all of them are lying. But, What is the benefit of being Satoshi Nakamato? If there was any benefit the real Satoshi Nakamato would have appeared by now.
I think even if Satoshi Nakamoto is found, he/she will have trouble with governments and there will be no benefit.
Fame. That's it. And that's considering both the good and bad fame. He'd surely be noticed by crypto users as the forefather and benefactor of the blockchain community but that's it. Crypto is a currency not controlled by anyone, so even if he showed and introduced himself as Satoshi Nakamoto, nothing would change. I'd even think that he'd get into a lot more trouble instead rather than basking in fame and glory for what he did. Might even be sent to the hospital or to the next world cause of all the people who has grudges on him because of what he did. |
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I'm buying ~500$ in Bitcoin every month with part of my salary. I have a stable job and my company is doing good. I'm wondering if it worth to take 20.000$ to buy 2 BTC now and pay the 500$ as loan installment instead of buying sats every month. I believe in the potential of Bitcoin to reach 50k in a couple years, but it wouldn't be possible to buy near half of BTC at the 500$ rate, so this would be something like an "advance". Hypothetically (but still possible in some probability), if BTC collapses and never recover from 8k, I would still be paying this loan for about 3 years but wouldn't starve or something like that, it would just sux for a while, since I still have another source of income. I know it's not the place to ask I will do whatever I think it's best, but if you were in my position, would you do it?
Don't. Even though it has the potential to reach 50k, loaning for it isn't that reliant. Just continue your buying spree every month and don't bother. Bitcoin is a type of investment, and using loans to pay for that investment isn't that worthwhile in my opinion. Of course, if you could pay the loan without affecting your current performance in life, do as you deem fit. These are just my advice and you don't really have to stick to it, but do take it into account. |
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This stuff is getting boring.
Coinbase Pro recently raised it's fees so high as to block out ordinary traders. Binance kicked out USA traders. Bakkt is not going to be too much different as they just keep raising the bar and implementing more rules and regulations, making crypto boring. Gemini is just a greed machine too, while the people who own Gemini are already ultra ultra wealthy, and they just want to keep becoming more and more greedy.
It is just one thing after another everyday and it is all really boring news too. Bitcoin is all just a bunch of greediness and politics now a days. This is not a fun environment anymore. It is taken over by greedy exchanges that are already rich, and they do not have to be greedy either, but the people who run the shows just sorta stuck on creating this stuff I guess. It is taken over by people who's entire focus is just being greedy.
The actual cryptocurrency businesses out there that employ people are starting to get overloaded with pointless HR style jobs and soon half the industry will just be grouchy HR people, or grouchy bank people. Also the crypto businesses all require college degrees, which basically guarantees that less creative people will be in there doing anything interesting. It will be similar to how college administration departments became over run by tons of interns who are paid to just push paper and it makes college diplomas too expensive for anybody to obtain without going broke and into debt.
I also do not like all of the female-only cryptocurrency conventions and meet ups. Why are they female-only? Those are like giant planning committees that are planning to just take over and then add more and more worthless HR jobs into cryptocurrency company structure. It really sucks. It is like the whole industry is being taken over by lamo's who really do not have much interest in crypto but they can get jobs related to this stuff, and they can get in on some greedy level making everything unsustainable for everyone else.
Interesting. There is negativity in the whole community too. Try talking to anybody about your entrepreneurship concepts and everybody just throws mud on it like a bunch of Negative Ninnys.
End of rant. I am thinking of taking up a new hobby.
Being one of the forerunners is really fun. A lot of new things crop up, lots of news here and there, lots of issues, controversies and such. But now, yes. Rich people just buy and sell and control the market with their wealth, ignorant people join and feel like they know everything and anything and do things that really degrade the quality of the community. Money was one thing, but feeling the belonging to the community is another. And seeing the community develop into greedy people, of course, those with pure passion towards it would feel bored. Would feel that their time and effort were not worth it anymore. I sometimes feel that way, but I already invested too much in this so it might be a bit too late to go back now. |
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Today, while I was surfing through the forum, I came across a post in which someone complained about bitcointalk.org not loading in Turkey. Under his post were several replies that explained that the site happens to be blocked by some internet service providers (which is sad). A few days ago, I made a post in which I asked "What have you done to promote the Blockchain technology & cryptocurrencies?". I went through several replies which were pleasing and supportive to the Blockchain technology. Amongst them, someone said that he wore bitcoin shirts around (an ideology I really admire). Another said that he created a facebook page (also interesting). Just recently, I saw a complain from someone in my country. According to the screenshot which contained a mail from his bank, it said that his bank account has been frozen because they found out that it has something to do with virtual trading (cryptocurrency). Not only was I surprised, I was provoked. You know, one of my plans was to buy numerous Bitcoin and Ethereum polo shirt and wear them (to help promote). However, as it stands right now, I'm afraid I can't do that because I could be held as a user of cryptocurrency. Though this isn't any easy, I'll still keep trying what I can to spread the word. The Blockchain technology gospel must be heard!!! Damn, that's already beyond what the Banks can do to the people. Banks and their weird ways to stop the promotion of blockchain lmao. Though there are still a lot of ways you can promote it on social media or random forums on the internet. You could even advertise this site so that more people would join the discussions about bitcoin. Don't worry about it much though. Sooner or later, it's goodbye banks for them. |
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I wanted to create a thread to get a general idea of what you look for when you're betting with your Crypto's.
I'm a developer myself & building a betting platform right now - I thought where better than here to ask for advice!
Simple, User-friendly, security and of course enjoyable. Basically everything advantageous to the user mate. Fast transactions, quick responses to customer service, availability of usage of multiple currencies, and you could also add a feature where players can play for free for a bit to test out the game before going to the official games. Also, a plus for benefits of monthly vip players of the site. |
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People don't look at charts and just believe famous people about what bitcoin is and what are its current circumstances and that is why they are led astray by it. Bitcoin ain't a bubble, or at least it has passed that phase and is steadily accumulating more and more reputation as a proper and trustworthy coin to invest in. People rarely realize that bitcoin has held its own after the said bubble period and has started to once again rise above its mean. Trust Bitcoin.
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As per the latest, Google has reached Quantum Supremacy. Meaning it could potentially decode an entire blockchain and... YOUR PRIVATE KEYS... Blockchains are secured through elliptic curve cryptography (ECC), just like encrypted user data and website traffic. Now the issue is that ECC is NOT "quantum-safe" meaning that a quantum computer could theoretically decrypt a user's private keys and forge transaction signatures. Is this the end of Crypto? I don't think so, but I'd love to hear your opinions too! (Especially the opinion of a cryptographer) source https://www.coindesk.com/what-googles-quantum-supremacy-means-for-the-future-of-cryptocurrencyIt could. But that's it. It just could. Theoretically anyway. And even if that time could come, blockchain itself would have improved immensely and would have made precautions regarding quantum computers. Just like in the source you gave, Canada has already made baby steps towards the prevention of such thing from happening. Also bro, this has made the forum quite a few times now, you should just probably look it up here and check some of the posts out. or i can just post it here, as such https://bitcointalk.org/index.php?topic=5188910.0https://bitcointalk.org/index.php?topic=5186831.0 |
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So we all know how Indian government is banning cryptocurrencies soon. https://www.livemint.com/news/india/banning-cryptocurrency-in-india-not-a-solution-nasscom-1564476081539.htmlNow nasscom is adding fuel to the war along with the Reserve bank of India suggesting that they didn't have anything to do with it makes worth a point *They themselves think this is overboard and doesn't want to actually associate with it* Earlier this week it was criticised by people all around the world also at the same time the committee was submitting the records rejecting any good involvement. Nasscom is actually the Indian IT sector more like a non profit organization. Earlier today there were websites suggesting how you should sell your coins so that you don't get jailed for long-term. So , should you sell or hold onto bitcoins .? All I know is if we all held onto our bitcoins , they won't be able to send each and every one of us to jail .. the supporters are actually a lot more than you could imagine. I am holding onto my coins , what are you gonna do ? Hold on to it of course. Try as they may, they'll never find me, unless I give up my location. Besides, even if India banned it, what could that do? It's not like all traders live in India. And neither would those people who live there give up and say I OWN BITCOIN when that happened. Holding coins isn't really a bad thing, I don't know why they waste resources in trying to group up the people whom own coins and put them into jail. They should just probably put those resources into proper use and jail people who are really supposed to go to jail like drug users, traders, etc, etc. Besides, there's a lot of other countries out there, India isn't the whole world. |
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Moscow-based law firm ZP Legal claims to have identified Russian nationals who received bitcoin stolen in the 2014 hack of Mt Gox. Local law enforcement is investigating Alexander Vinnik, the alleged operator of the defunct exchange BTC-e. ZP Legal says Mt Gox creditors who come forward as potential BTC-e victims may help Russian authorities establish a connection between the exchanges. To cut a deal with law enforcement, those who benefited from the Mt Gox hack might offer to return funds to the exchange’s creditors, the law firm reckons. https://www.coindesk.com/2-billion-lost-in-mt-gox-bitcoin-hack-can-be-recovered-lawyer-claimsOuch. That's a huge cut out of them if their claims could ever become true. 50-75 percent cut on the coins retrieved, and the coins that could be retrieved would only amount to a quarter of the original amount. Though if it ever was returned, at least the owners would have something to have by the end of it. Although reduced by a huge amount. Sadly though, the returned amount would not be on bitcoin but rather a flat currency instead. I'd rather receive bitcoin to be perfectly honest. Much more worth it imo. |
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