Their goal is only to provide convenience to consumers so that the purchase volume increases. Maybe they are worried about bitcoin price movements which are like a roller coaster, financially of course they are more happy with small but sure profits than bitcoin investments that have a risk of loss.
It may not be only the price. It's also "politics". Amazon is infiltrated big time with USA politics and they don't want to upset their beloved politicians, since they still move all they can in America into their cloud. And by far, not for free. And they need support from politicians for that. Amazon runs Amazon Pay at the same time that is the competitor of PayPal, Google Pay and other companies. Paypal move on another step when they accepted the crypto adoption, so, in order to be in competition and also be the valued competitor, you have to implement everything good what your opponents have already done.
But it's by far not our problem whether they keep their business running or not, isn't it? Clearly if they don't move fast they may lose market share. Also if they do wrong moves they can also lose market share. I think that we should not worry for them. If they just accept the bitcoin payments, then in case of refund, what will they do? Return the original amount that god knows what value will have or they'll have to return the USD equivalent in BTC. It's really hard to predict that will be their move, especially when everyone knows the taste of market manipulation that Elon Musk has done.
Since the prices are in fiat currency and since nobody wants to face Bitcoin market/price fluctuations, most probably they would issue the refund in fiat equivalent or even in fiat. But... they don't accept Bitcoin payments yet, so... |
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Amazon denies it will use Bitcoin and other major cryptocurrencies by year end
No biggie. It's interesting though that they came to deny such a rumor. (Do they have interest in having low prices for crypto?!) It looks like there is some manipulation going on in the crypto space Some degree of manipulation is always present on the crypto space. And since the price didn't react to quite a list of real good news, even though it's summer hence slower period, some may have gotten bored and wanted to liven up the things a little. |
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By that I mean a 51% attack which double spends a handful of specific transactions, as opposed to a prolonged and sustained attack just mining empty blocks to censor the entire network, or something similar.
That's what I also meant, although indeed a state could do huge damage if it would manage to pull a sustained attack like you mentioned. And yet all these coins continue to have volumes of billions of dollars and attract new users.
Ethereum had quite a blow back then. And the rest of the coins you've mentioned are imho speculation coins, so the comparison with Bitcoin may not be correct/good. Provided that the 51% attack was short lived, and bitcoin continued to function normally afterwards, then there might be a hit to the price, but I don't think it would be the end of bitcoin.
I hope you're right. Or, even better, I hope that we'll never find out. |
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According to the survey, 70% of institutional investors intend to buy or invest in digital assets in the near future, with over 90% of them planning to do so by 2026.
Unfortunately I think that most of them don't have a proper understanding of Bitcoin and - maybe for their own safety too - I expect that a majority of them will invest into Bitcoin indirectly, buying exposure related products like JPMorgan (and Fidelity too?) offers. But maybe I'm wrong... Also keep in mind that Fidelity declarations are biased. It's in their own interest to get the price moving up. |
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I don't think a successful 51% attack would kill Bitcoin at this point nor do I think anyone capable would be willing to attempt it.
While - at least on paper - 51% is not impossible, if that would happen it would be a blow for Bitcoin's credibility and the way of handling it could keep it alive ... or not (i.e. indirectly killing it). But it's a way too hypothetical situation and imho OP's question/problem was caused by lack of knowledge (and hopefully that was handled too). |
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Since they may only accept bitcoin and not invest into bitcoin, the most probable answer is that they won't hold/store bitcoin.
So they may only help users pay with bitcoin if they want to, but at the end of the day they may just receive fiat.
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In addition to the $50 daily, the ad spend will also be paid BEFORE the ad starts spending to alleviate any risk on your end. Generally, we pay in PayPal but considering this is a forum we are happy to pay in crypto, either BTC or USDT.
Being new account I would be wary, but I feel like it's a "second" account of somebody else or it's somebody who did his homework. I find good to see you offer crypto payments and I strongly recommend everybody get upfront crypto payments instead of the reversible PayPal and because there's no escrow. I don't know if something is indeed fishy or not with this campaign, but unless OP comes with clearups, I would not use my primary Google account for this, if possible. And for OP and possible advertisers, maybe posting in the forum is also a good idea, especially as newcomers have time limitation between PMs and also some users may have blocked the PMs from newbies. |
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Buy and HODL or Dive into the world of mining with colocation
Mining is one business, investing is a different business. You can HODL without mining, you can mine and sell directly or mine and HODL... While mining (and selling instantly) has a more or less quantifiable ROI (based on difficulty and electricity price), with buy and HODL nobody can tell how much you'll earn. Mining comes with headaches - hardware that works, fails, needs maintenance, maybe personnel too, internet connection, maybe cooling too - while HODL is easier ( and riskier too). [edit: not riskier; both are actually risky in their own ways]. All in all it's hard to compare and pinpoint like "this is the right choice". No. And well, it's you who has to decide. The miners will be able to help you with the math if needed. But at the end of the day, it's your decision. I find buy-and-HODL a much easier option with much more potential on long term, but Bitcoin price also falls badly now and then and you need a certain mindset to not panic-sell then. |
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But, why would the hashrate have anything to do with the price? Why would someone buy Bitcoin if he read an article that describes it became securer? One and a half year occupying myself with Bitcoin and still haven't understood these two terms' relation.
It's not only about the security. The bigger the hash rate (actually the difficulty) the more work an ASIC must perform (more hashes to send) for the same reward. While the hash rate dropped the remaining miners were getting bitcoin easier (i.e. also cheaper in terms of electricity consumption) hence they were on profit also if they sold cheap. |
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For instance, we can see the difference between "I read an article on CoinDesk that (this guy) claimed that Bitcoin will reach 0" versus blatantly copying a quote or source without citing any source.
Clearly. It (also) depends on how much "purist" is the one who "checks" for plagiarism. IMO, that doesn't fall under plagiarism because you did specify that the content was sourced elsewhere.
Well, while I would (mostly) agree with you, OP has clearly stated that not citing the source correctly (which is clearly there in my case, since my example even tells "I've read somewhere" instead of "I've read on CoinDesk") falls under "unintentional plagiarism". And that's what I try to point out. As you see, people already have different opinions on that. My take is that it depends on how is the idea formulated afterwards. If it's (almost) identical text as in the source article, it's probably plagiarism. If only the broad idea is said then it's probably not plagiarism, it's just discussion (the possible culprit receives the benefit of the doubt) |
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or am I misunderstanding something?
I suggest you read how mining and pool mining happens, maybe also what it does. ( info) Then I suggest you read a little about 51% attacks and double spending. ( more info) And only afterwards you are good to go with this kind of topics. It's OK that you don't know everything. Just you "jumped in" and missed the start.  Edit: I've added two links as info. I'm not affiliated with that website but at a first glance it looks pretty informative. |
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Hello. I am a beginner and have just purchased my first BTC's. They are now stored in Jaxx Liberty. I would like to exchange some of the BTC to EURO and transfer it to a German bank account. I believe that this is not possible using Jaxx alone, and that I require the services of a BTC to FIAT exchange platform. I would prefer not to have to register with my personal details on this exchange. I almost got scamed using on " https://www.bitcoinscashout.com/", but luckily started reading on this Forum before I pushed the button. Can someone please recommend a reputable exchange service that I can use? If giving your details would have been OK, I would have recommended Bitstamp. The bigger problem is that many banks "don't like" the money coming from selling bitcoin and may ask for various things to prove you were not doing anything illegal (and having the exchange account on your name does help). On the other hand, another possible approach could be a bitcoin debit card, like Binance or Wirex (or others too) offer in Europe. This could avoid unnecessary headaches (PS. Binance is cheaper than Wirex). However, wait for more replies and analyze all the options you get. |
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then the best way to do it is the usage of dedicated derivation path for each set of addresses
While the derivation path is indeed an elegant approach, I find it somewhat advanced and people may get headaches if they use them without understanding what they do. Those headaches could come when they'll want to recover their wallets, at some later point. Can you talk a little more about these retirement accounts. You say that the retirement accounts hold the coins, but if you have the private key then you would hold coins.
Indeed. OP, can you please explain in more words what you intend to do and how (if possible)?... since you may have misunderstood something and it would be best to have everything crystal clear before changing anything. |
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this could be the beginning of seeing more green dildos indicating lots more FOMO to come.
There were quite a number of good news for the price that didn't have any effect. But they were piling up. Was the critical mass achieved and the FOMO kicks in? I can't tell yet for sure. Still, with the hash rate looking healthier, with the news, with the shorters getting rekt 3 times in a row and now with some new green dildos too... it may just be the time. I am somewhat afraid to hope too high, but I do hope that you're right. |
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Bitcoin is now rising, and it has jumped by 3k in less than 10 minutes. Although everyone is happy but also worried, is it going to fall again?
Short term emotion-based trading is the sure recipe for losing money, really. My friend asked if I can continue to buy it? But I see a lot of people commenting that giant whales are now controlling the market. I told my friends not to enter the market for now, but my friends seem to have misunderstood me.
Do you think that this kind of market should be forbidden to enter or continue to buy?
I suggest not to panic selling。
Indeed, if one affords to buy (i.e. has money at hand he affords to lose), buying looks as a good option. Maybe a short look at DCA (dollar cost averaging) would also be of help. And Bitcoin price should rise, eventually (whether in days, weeks or years). However, I would never suggest anyone to buy or sell; one has to decide for himself what he does with his own money. Also if your friend intend to HOLD Bitcoin, learning its basics is a must, especially wallet safety; acquiring a hardware wallet may be also a good idea. |
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so yea like will ever just stabilize really low like in 2018 and 2020? or are we at the low?
Up and down and up and down. The price will keep fluctuating by wide margins. Will the price go down heavily again? Possibly. Will the price go up to new ATH? Probably, sooner or later (!). Are we at the low? I'd love to say that we have just passed the bottom, but actually I don't know and it's rather hard to tell. In Bitcoin investment patience is the key (and for that you should invest only money you afford to lose). |
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We haven't won yet. This is still the "fight" stage.
Indeed, it's only a small battle; winning the war is still far. Still, it feels good  As a community we need to get the message out there that Bitcoin isn't necessarily about "wealth management", but about freedom management. Anyone who wants access to Bitcoin is kinda missing the point if they're handing the freedom part over to JPM. If we allow investment bankers to subvert the narrative and convince everyone this is just another asset class, then we won't win. They will.
JPM doesn't deliver the freedom Bitcoin does. JPM just gives a taste from the honey jar. The vast majority of people don't come to Bitcoin for the freedom, they come for the wealth. Some may learn at some point that Bitcoin is more than that, some won't. But as long as they do come for Bitcoin, a first step is made. However, JPM doesn't deliver that, since they don't sell actual Bitcoin. What JPM does, on the other hand, is to give more legitimacy to Bitcoin. This should make more people come and buy actual Bitcoin, learn about freedom and get to "join us". So it's rather debatable who "wins" in this, it may end up by how each and everybody reading about this will behave: will they all turn to JPM for buying "shares" or will some also come and buy the real deal? |
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Hi, i have some left giftcards with 1 usd on each and i need to buy crypto, but i have over 50 giftcards with 1 usd each on it, is there any website who accept that if i verify my identity?
if is in wrong section let me know where to move it
I think that what you want to do is to exchange (or sell) those gift cards for crypto. Even more, Bitcoin may not be the crypto for this if the cards are 1$ each. So I'd also try my luck on Marketplace (Altcoins) and see if other users need these gift cards; just make sure you only accept altcoins that are traded on multiple major exchanges (hence they have healthy volumes) Also keep in mind that you may have to ask competitive price and deal with the fact you are newbie and you may have to use escrow. |
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PlagiarismUser: Investo20Post: https://bitcointalk.org/index.php?topic=5351066.msg57543175#msg57543175Archived: https://archive.is/7Vg0TIn practice, that means greater privacy, because your keys won't have as much exposure on the chain. "You can kind of hide who you are a little bit better, which is good," said Brandon Arvanaghi, previously a security engineer at crypto exchange Gemini.
It won't translate to greater anonymity for your individual bitcoin address on the public blockchain, but it will make simple transactions indistinguishable from those that are more complex and comprised of multiple signatures.
These souped-up signatures are also a game changer for smart contracts, which are self-executing agreements that live on the blockchain. Smart contracts can theoretically be used for practically any kind of transaction, from paying your rent each month, to registering your vehicle.
Taproot makes smart contracts cheaper and smaller, in terms of the space they take up on the blockchain. Killeen says that this enhanced functionality and efficiency presents "mind blowing potential."
All this is a badly formatted copy-paste (with no source info either) from: https://www.cnbc.com/2021/06/12/bitcoin-taproot-upgrade-what-it-means.html
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This will be the same Taleb who gave credibility to the known scammer and fraudster CSW
Still it is important to remember that Taleb is very respected in quantitative finance, probability and related fields.
1. No matter how respected a person is, we should never ignore the fact that he can easily have his own agenda 2. Even respected people can get tricked into giving credibility to fraudsters I don't know which of the two is the case here though.... One problem that we already know is that old school economists don't understand Bitcoin. Another thing is that this is exactly how fake news work. Get half of the truth, combine it with some logic, use only the parts of it that can lead to the conclusion you want (the rest doesn't matter) and voila, you have a bullshit that may look pretty strong if you don't spend some extra minutes to think it over. So the conclusion is that, sorry @BlackHatCoiner, it looks like you've got tricked into wasting your time with this. Speaking of proudhon, I'm waiting for his reply here.
You expect a proper reply? Wow. Science and math tells that this is extremely improbable.  |
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