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6061  Economy / Trading Discussion / Re: At what Age will you introduce your child to trading on: August 23, 2021, 05:50:48 AM
For me at age 10 my children should understand the market and how it works, interpreting chats and deciding the next move of each coin from studying the price action of different coins. At age 13 the should start trading with a demo account and at age 15 they should have funded their first account. This would help them become financially independent, also help then limit future gambling prowess and also make them prepared for their careers

My oldest son is 10 years old and while his thinking (and math) is very good, he doesn't have the maturity for this.
Fake moves, FUD, all this can easily surprise ca kid at this age. So no, I think that at 10 years he cannot understand fully all the charts would show.
I can't tell for the 13-15 years steps, but imho you're rushing it. And a child needs to enjoy his childhood; he has plenty of time later to think on how he can earn more money.
6062  Economy / Economics / Re: Philanthropy as a paradox for the uber-rich on: August 23, 2021, 05:37:02 AM
The population of Africa was about 100,000 in 1900. Today is 1.4 billion people and is projected to be 4.3 billion by 2100. That has not happened because people in Africa are starving. Without denying that there is still hunger in some parts of Africa, the continent has seen a dramatic reduction in hunger over the last 100 years, as has the world in general.

Good point. Still, while hunger will still exist, although only in certain areas, while diseases outbreak, diseases the westerners would ask "wasn't that eradicated?", this view on Africa, although now a bit incorrect, will remain.



And back to OP:
Taxes means leaving governments (in many countries) handle that money. In many countries this is done inefficiently, especially due to corruption.
So in certain cases it makes sense to optimize taxes and use money for "greater good" in a much better way. But it's only in certain cases...
6063  Economy / Economics / Re: Do you think financial stability is mandatory to be a gainer in Bitcoin invest? on: August 23, 2021, 05:24:00 AM
Do you think financial stability is mandatory to be a gainer in Bitcoin investments?

Either that, either strong balls  Cheesy
One important rule is to never invest what you don't afford to lose.
If one invested into Bitcoin and his financial status is not good, as soon as the price will drop there's a huge chance he'll panic sell.
Simply put, without financial stability people may just buy high and sell low.

Of course, there's an exception: people with strong belief, people with a certain mindset, and as I've over-simplified it at start, with "strong balls".
6064  Other / Beginners & Help / Re: Why people should be using SegWit addresses on: August 23, 2021, 05:16:53 AM
a main improvement of SegWit are lower transaction fees for transactions sent from SegWit addresses.

Indeed, people will think to their pockets first. But I think that a big bunch of the people still not using SegWit addresses is because they use for long time various web wallets which didn't care to teach (or force?) them upgrade.

And then we get back to this:

Quote
it’s possible, that the centralized service won’t recognize your bech32 address and will reject it as invalid. This is because some websites are slow in performing updates and such sites don’t accept this new bech32 address format.
After 5 years it is no longer considered "slow" it is either malice or incompetence.

My point is that maybe we should somehow "pressure" the services into SegWit, instead of teaching over and over again the individuals...
I don't know how though.
6065  Economy / Exchanges / Re: [2021-08-20]Coinbase is buying $500 million in crypto and investing future prof on: August 23, 2021, 05:03:04 AM
Are they going to invest primarily in BTC or is their portfolio going to be altcoin heavy?

from what I've seen from the article they are interested in investing in ETH and in these DeFi projects, I wonder why they don't give priority to investing in bitcoin? are they also on the wave of 10X profits? it would be unbelievable that a big company with a lot of money is investing to make 10X profits

While many are preaching a new altcoin season and from that point of view the move may make sense, I find it pretty much strange for such a company buy more altcoins than more Bitcoin. Whatever analyst say about altcoin season, the altcoins are overly risky to invest into and they could have stayed on the safe side, with more bitcoin.

And their statement was pretty much misleading/vague i.e. leaving people believe what the want, especially at first, when the initial statement came out, that they buy "crypto". I didn't like that.
6066  Bitcoin / Electrum / Re: Having a wallet on both Windows and Android on: August 23, 2021, 04:53:06 AM
Yes, I have just ordered a Trezor cold wallet and will put the bulk there. But I still prefer Electrum over my other warm wallets, which I only trust for things like chasing up forked coins.

As pointed out, all that touches the internet is not 100% safe.
I would suggest another setup based on your Trezor:
1. Generate a new seed on Trezor, write it down (keep it super safe!!) and send the bulk to that wallet.
2. Reset the Trezor to a new seed/wallet and put the rest of the money there.

This will allow you have a good enough security for your daily funds, while the bulk will be safe in something pretty close to what a paper wallet is.
And for the bulk of the funds you know the address where you've sent to those funds, you can check them on a block explorer.
6067  Economy / Speculation / Re: Crypto Price Prediction on: August 23, 2021, 04:44:58 AM
What do you hope for in the future, if Bitcoin breaks at the level of $100k, do you expect Altcoins to want to follow in the footsteps of Bitcoin.

This is a very good question.
There are a huge lot of people with investments/bags in altcoins and of course all hope the altcoins will grow too.
Even more, there are "analysts" coming here and there feeding the hope and telling that altcoin season is just around the corner.
I won't be lying, I also have some relatively small amount of altcoins which I hope they'll recover, but I'm very far from "expecting" that.
And I'm also curious on what OP thinks on this.

However, first things first, let's see where will Bitcoin "end up" this year. 100k+ looks easily achievable.
6068  Economy / Scam Accusations / Re: a very, very very big cryptoconis scam on: August 23, 2021, 04:33:58 AM
i got a message on my telegram from an account called "forever love" using an asian girl pfp,

the message wasn't suspicious, hey how are you im good wbu and so on.

then "she" started talking about cryptoconis and investment etc, after that she sent me a website called "gtcointrade.com"

Although the list is impressive by size (I didn't visit them), the message caught my attention. Not suspicious? LOL!

One of the first rules is to never invest based on what random people over the internet advise you. I remember my first days on twitter when a Vitalik approached me to sell me Ethereum at discounted price... (I learned much later that it wasn't the right Vitalik).

Something more I'd add: those links are... links, i.e. advertising for those websites. Can you please spend a little time and obfuscate them (hxxps) and maybe put them into a code tag?
6069  Bitcoin / Press / Re: [2021-08-21] Inside Afghanistan's cryptocurrency underground as the country plu on: August 23, 2021, 04:21:02 AM
I guess this has become a trend for struggling economies to turn to bitcoin when things hit rock-bottom, we have seen this in Zimbabwe, Venezuela etc and now Afghanistan,  we can say bitcoin is a financial savior.

In a mostly cash based economy, Bitcoin cannot help much. Maybe a little in the bigger cities, but now, since the legislation is on a change, anything unusual is suspect and can cause troubles.
While Bitcoin is great for those who have economies "stored" in BTC and now leaving the country, yes. But the others... may not be able to benefit for quite a while from now on.


Ironic in all of this is knowing that the population of Afghanistan outnumbers the Taliban terrorists, but the population does not unite to fight the terrorists and expects other countries to do the dirty work. i like bitcoin but in case of afghan problems the solution is in the hands of the afghan people, if the afghan people just watch the terrorists do what they want then nothing will change for the better anytime soon

From what I've read the army was basically bought to not fight. The Taliban leaders are super rich. I guess that there was an anti-American narrative going on for many years too. A big chunk of the population may see this defeat as a victory; since the democracy was fragile and the corruption high, many won't lose much or, better said, won't understand what they've lost. It's... complicated.
6070  Bitcoin / Legal / Re: Holding KYC Bitcoin and non-KYC Bitcoin on: August 23, 2021, 04:07:31 AM

I think that you are seeing problems even where they aren't.

1. Bitcoin ATMs are already regulated and one cannot sell more than certain limits (per transaction or per year, it depends) without KYC.

2. Unless it's indeed dirty money, money that can be tracked to a hack or anything, there's nothing to worry; P2P selling does exist, many people did acquire their coins before the regulations were this strict (remember the Binance 2 BTC withdrawing rule?) and have no KYC. You really think that all that money can "become" dirty for no good reason? And if the money is not dirty, why would you see it as money that needs laundering?!

3. Non KYC market will always exist.
6071  Bitcoin / Development & Technical Discussion / Re: Searching for early transactions on the blockchain on: August 22, 2021, 05:50:09 AM
Two directions could be
* search on the net about the first bitcoin tx
* go by hand block by block on a block explorer like https://chain.so/block/BTC/1 and see which blocks have more than just the generated coins

Afaik the first tx was https://blockchair.com/bitcoin/transaction/f4184fc596403b9d638783cf57adfe4c75c605f6356fbc91338530e9831e9e16 and it's in block 170 ( https://chain.so/block/BTC/170 )
6072  Bitcoin / Project Development / Re: Bitcoin price calculator - Calculate live and historic Bitcoin prices on: August 21, 2021, 06:04:29 AM
Can you give an example of digit grouping for bigger numbers?

Your site shows in the box, now, for example, for 100 BTC -> 4231184.00
With digit grouping it would be either 4 231 184.00, either 4,231,184.00, for easier reading.

It's interesting that in page title you did put some sort of grouping (although dot is usually the decimal point, but I know that it depends on the country/locale) 42.311,84
6073  Bitcoin / Bitcoin Discussion / Re: Basic Bitcoin skills on: August 20, 2021, 09:03:45 AM
What are the principal technical skills a bitcoin lover needs to have if I want to buy a large amount of Bitcoin and hold it for long-term purposes?

If you have not much of computer skills and want to buy/hold bigger amount of coins, I'd suggest you start with buying a hardware wallet, which will help you generate safely (new) seed for your address(es).
The only next step is to write that seed onto one or more pieces of paper and keep them safely offline (for the case the hardware wallet malfunctions). And that's basically all imho.
The coins you bought you'll have to withdraw to one of the addresses you own (since only then they're really your), but if you have difficulties you can always ask on this forum.
6074  Other / Archival / Re: Binance introduces KYC for all users on: August 20, 2021, 08:50:57 AM
I can say one thing: DO NOT BELIEVE THAT YOU HAVE THE OPPORTUNITY TO WITHDRAW THE FUNDS before the date indicated in the announcement

Indeed, the date can change, and meanwhile technical problems (real or not) can happen.
But Binance was fair in this kind of matters until now (unlike all the other exchanges), so let's not just freak out  Wink

Doing all the needed tasks earlier is advised and healthy, but rushing them is also unadvised (real technical problems can also be triggered if big number of users freak out).
6075  Other / Archival / Re: Binance introduces KYC for all users on: August 20, 2021, 08:27:52 AM
BREAKING: #Binance to now require all users to complete KYC Verification amid mounting pressure from worldwide regulators.



I've found this ^^ already posted and may be easier to read  Wink
Not a good news, but it's by far not a shock; we knew that this will be coming rather soon, didn't we?
6076  Other / Meta / Re: My brother wants to open bitcointalk account on: August 20, 2021, 08:24:29 AM
My younger brother also have interest in bitcointalk. Can he creat bitcointalk account in his new mobile. 

N.B. In our house I also have bitcointalk account in my mobile. But we use same wifi. Is there any problem if he creat bitcointalk account in his mobile.

You can even have 2 accounts and it's fine. So if it's not even yours, it should not be a problem.
But... if you join the same bounties with both accounts and they're actually yours or you and your brother get to write by mistake from the same account.. then problems may occur because it will be seen as bounty cheating.

What there's no problem having one? I thought that having an alt is a bad thing and is frowned upon in this forum. Although I don't feel like making one now though, I am already doing great with this account and I have other ways to make money already like staking, NFTs and blockchain games.

I think that my answer clears up this too.
6077  Local / Română (Romanian) / Re: Despre securitatea portofelelor hardware on: August 20, 2021, 07:54:07 AM
Castigatorul a adaugat si un comentariu la articolul dedicat [...] De atunci ma tot gandesc noaptea la poza care a uploadat-o  Huh Cum e facuta poza cu meniul din Camera? e screenshot  Shocked

Intr-adevar, foarte ciudata poza Cred ca e screenshot, dar nu m-as fi gandit vreodata ca ar putea cineva sa faca un screenshot din meniul camerei, in loc sa apese pe butonul de a face poza.

Si mai interesant este ca butonul de facut poza este de obicei "la botul calului", pe cand screenshot sunt sanse mult mai mari sa nu stii sa faci.
Intr-adevar, ciudata "abordare" pentru "facut poza"...
6078  Bitcoin / Development & Technical Discussion / Re: Custom parameter for mnemonic seed on: August 20, 2021, 07:24:33 AM
Imho you are over-complicate things for no use.
Imho the main point there was that 8 of 12 seed words were known. If you keep safe all your 12 (or 24) seed words you are safe, since the difficulty of finding the result grows exponentially for each new word.


This being said, if you play with the parameters "for security reasons" you give yourself the chance to face bad surprises at some point, for example a wallet you use doesn't recognize something or your family (or even you in 30 years!) no longer(?) understand how to get access to those coins. Keep in mind that you won't be young forever and the brain doesn't remember everything as good as you'd expect. Also accidents (or even death!) do happen. I'd say: keep it simple.
6079  Bitcoin / Hardware wallets / Re: How To Verify the Downloaded Version of Ledger Live on: August 19, 2021, 05:31:46 PM
There are multiple tools for getting the hash for a file. I use Double Commander as file manager for windows and this one also has in Files->Calculate checksum the option to create a file next to yours, containing the checksum you selected (and one of the options is sha-512)



The point is that everybody just look around, you may already have a tool that makes you the hash.
All in all, it's useful to know that LL also has checksum one can verify.
6080  Bitcoin / Bitcoin Technical Support / Re: Possible download block chain for air gapped linux from windows? on: August 19, 2021, 12:40:16 PM
I want to check my wallet balance offline.

Is it possible to download the blockchain in windows 10.
Then transfer it to raspberry pi OS?

Imho you're doing it wrong. The balance may change while you do all those (odd) movements.
I think that it would make more sense to get your Master Public Key from your offline wallet and import only that into a online wallet (maybe Electrum) .
Then you'll be able to see your correct balance every time without any risk for your funds.
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