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6441  Bitcoin / Bitcoin Discussion / Re: BTC Wallets: How to keep them clean? on: July 09, 2021, 08:18:40 PM
Nowadays I send my BTC usually to a new address all the time. So just 1 Tx per Address. Is this better in any way?

It may be better for privacy - people won't know how much BTC you own and where you got them from - but it won't help much with the fees.
The wallet will pick one or more inputs to aggregate the amount it needs to spend, whether those inputs are on one address or more.
And of course, the more the inputs, the bigger the fee.

What you have to do would be:
1. Try to not send many small transaction to your address/addresses. If they are bigger - at a comparable size with what you usually spend - you're pretty much OK.
2. Consolidate your inputs when the fees are small. You'll find tutorials, details and people will tell when the time's right in this thread: https://bitcointalk.org/index.php?topic=2848987
3. It worth knowing that the fees are lower for SegWit addresses, but you may already use those.
6442  Bitcoin / Press / Re: [2021-07-08] The search for HDD worth $378 million at the landfill will continue on: July 09, 2021, 03:48:24 PM
Even if we were able to agree to his request, the question arises as to who would cover the costs if the hard drive was not found or was damaged to such an extent that the data could not be restored

This is a very good point. Unfortunately the owner seems to be living in a dream and the only ones who benefit are the newspapers.
That HDD is most probably damaged beyond repair and the owner basically wants others work for him and take risks for... some promises. Well, the world doesn't really work like that...
6443  Bitcoin / Bitcoin Discussion / Re: Is the statement that Bitcoin is a private digital currency correct? on: July 09, 2021, 03:39:28 PM
If Bitcoin is a private digital currency. Then, the issuer is personal. Is this person Satoshi Nakamoto?

There's one dirty rule I've heard about in many cases and it works in logic too. It's: garbage in - garbage out.
If you go by some arbitrary rules made by somebody who doesn't know nor care (especially politician or similar), it doesn't matter how good your logic is, the output will still be garbage. Sorry.

So you have to find out (or ask Fan Yifei) to express his statement in more clear terms, all well defined. (Not gonna happen, I know.) All I can say that his classification is incomplete at best.
So I'd simply ignore that... mumbling... and remain to the proper definition Satoshi himself gave: "Bitcoin: A Peer-to-Peer Electronic Cash System".
6444  Bitcoin / Bitcoin Discussion / Re: Steve Wozniak Calls Bitcoin a "Miracle," Says It's Better Than Gold on: July 09, 2021, 12:41:10 PM
His own token? Haha.

What I found funny with that article is, Bitcoin was mentioned, praised, and then it went on with the story that he launched a new “cryptocurrency company” called “Efforce”. I went to the website, it shills a “Woz” token.

Is he truly the founder of the company?

OMG  Shocked
I've edited my post. I was not expecting something as low as just another token. I was expecting a proper company, not just some buzz words and a token sale  Sad

And yeah, I start to believe that somebody is just using his name there, I've seen no reference about this "wonder" token on his twitter.
6445  Bitcoin / Bitcoin Discussion / Re: Steve Wozniak Calls Bitcoin a "Miracle," Says It's Better Than Gold on: July 09, 2021, 11:51:36 AM
In December, he launched his own cryptocurrency company, Efforce.

This ^^ is the part that tells that he indeed believes in crypto.
Edit: A token "company"? I'm disappointed.

After this company was made, all his further public declarations on the matter are biased  Wink
But I don't deny either that they do help  Smiley
6446  Other / Beginners & Help / Re: Options to Purchase Bitcoin in the U.S. and transfer to a wallet on: July 09, 2021, 11:47:53 AM
Thank you for your reminder, I really shouldn’t paste so many links.

1. Please don't "quote" things I've never written. Please edit your post and correct that.

2. I just noticed that the first site belongs to Jameson Lopp; then it's okay (he has a good reputation to keep so he has probably checked the links his page points to) and I overreacted (sorry). So what I'll ask you to do is:
   * add a disclaimer that the website is not yours and the user must be careful what he clicks
   * keep only the links to lopp
6447  Other / Beginners & Help / Re: Options to Purchase Bitcoin in the U.S. and transfer to a wallet on: July 09, 2021, 08:41:48 AM
I would recommend you a website

For the part of answering OP's question, your website doesn't seem to bring almost anything new to the discussion, it diverts it to an external website whose entire purpose is to make users click ref links.
I personally don't like this approach.
6448  Economy / Economics / Re: A message from my bank saying they will not allow me to purchase from Binance on: July 09, 2021, 08:36:03 AM
1. Give up Binance, at least for buying Bitcoin. Use a different exchange.
2. Give up that bank, it's not the only one in UK.

The second might now work

Clearly. It's the obvious pick  Wink

It's a pain in the a$$ to have 10 bank accounts and to use some of them for your crypto purchases.
Therefore,I decided to never buy Bitcoins from platforms like Coinbase or Binance.

The leap from 2 accounts to 10 is big and unnecessary. But hey, it's your choice.
You still picked one of the options I've shown, just it was [1], i.e. not what I would have picked. But, again, completely your choice.
6449  Economy / Economics / Re: The first rule of investing is saving on: July 08, 2021, 05:17:11 PM
don't really agree with you because there is still the possibility of a bank borrower making a profit if he/she invests his/her loan in the long term...

if have low interest rates and can pay in installments over several years then why not borrow money from a bank for crypto investments because not everyone has cash or large assets for them to buy into Bitcoin for example. even though it is risky and too wild, but if you are right in choosing the coins you want to invest, then you will definitely make big profits.

If you invest borrowed money, you invest money you don't afford to lose. And then you've already lost.
Crypto price is fluctuating a lot. And since your strategy contains only the parts where you profit, in the moments the price goes down you'll panic and probably sell at a loss.


So again: if you break the "don't invest money you don't afford to lose" rule, you'll lose. And if you invest borrowed money, you do break that rule.
But no worries, you don't have to go by what I'm saying, you're free to make your own mistakes.
6450  Bitcoin / Mining / Re: BTC mining in Germany on: July 08, 2021, 01:29:27 PM
The moment you see 0.16euro/kwh....
~snip~
That's dreaming, back in October, we were at 20T and the price was 10k!

I wrote as an answer to one of the duplicates of this thread, but OP didn't want to listen.
It's not only that 16 eurocents is expensive; it's also that the calculations made now, while the difficulty is temporarily low, which may easily mislead him.
6451  Economy / Economics / Re: Will Bitcoin be infinite? on: July 08, 2021, 01:23:26 PM
Do you think Bitcoin will be unlimited in the future?

No.

1. No unlimited price. The price cannot get to infinite, it will always have a clear value.

2. No unlimited quantity. The quantity cannot be infinite, Bitcoin has a fixed maximum supply.

3. No unlimited lifespan. It cannot "go on" forever, because the machines needed for it - internet, nodes, miners - need electricity and maintenance, hence it cannot survive longer than the human race, which, under current known circumstances won't survive more than this solar system. That's again, far from infinite.
6452  Bitcoin / Bitcoin Discussion / Re: First time paying in person with bitcoin: Computer Heads on: July 08, 2021, 12:19:21 PM
I have to tell you, this was a much, much different experience than what I was expecting.  Dan was very friendly

They most probably don't get too much customers, I expect many to prefer buying a new laptop / computer if the current one is out of warranty and dies.
Hence being nice helps their business, since you (and the other customers) will recommend them.

Of course, in certain cases there are just the wrong people at the front desk; it sometimes happens and I'm glad that it was not the case here.

He said he trusted me that the payment would go through

If he made you a receipt for the money, he may have your address in case the payment would have not went through  Tongue
But actually this is also part of being nice with the customers. And the long term benefit is more than the risk of losing 50$.

Dan, who's shown in the above pic),

I agree with the previous post: unless you have express permission from Dan, you better not post that picture.
6453  Economy / Economics / Re: A message from my bank saying they will not allow me to purchase from Binance on: July 08, 2021, 11:58:03 AM
So I would say this is a deliberate, arbitrary choice of said institution.

That's correct. And OP has two obvious choices:
1. Give up Binance, at least for buying Bitcoin. Use a different exchange.
2. Give up that bank, it's not the only one in UK.

I don't use the same banking services for my monthly income and for crypto exactly for this kind of reasons: banks may - sooner or later - arbitrarily decide against Bitcoin and it's better to stay flexible.
6454  Economy / Economics / Re: The first rule of investing is saving on: July 08, 2021, 10:35:34 AM
"you can invest your savings. If you ain´t got any, you ain´t gonna invest". (I admit you could argue that you can borrow but still nobody ain´t lending ya if you ain´t gonna givvet baksh).

Borrowing for investing is usually a bad decision. One must invest only money he affords to lose. The only "good" way to borrow for investing is if you have plenty of wealth, but it's already locked (properties, companies) and borrowing will provide liquidity.

Also for normal people, I'd suggest to invest only part of the savings, not all. Some should stay for unexpected problems.

However, these are (small) details. The initial rule stands.
6455  Bitcoin / Hardware wallets / Re: Trezor selling screen protectors on: July 08, 2021, 09:22:31 AM
I think that they're overpriced and kinda unnecessary, especially for such a small screen. But it's an extra source of income and some may actually buy it.
I think that if such thing would have been necessary, a more normal approach would have been a better screen (something like Gorilla Glass for the phones), for not much different price, especially because of the mass production.


Quote
Once your accounts and assets are secured by a Trezor Model T hardware wallet, it’s natural to want your device with you wherever you go.
https://blog.trezor.io/panzerglass-and-privacy-glass-screen-protectors-for-trezor-model-t-c5aaa9fb265f

I would say it's the opposite of natural to carry your hardware wallet with you whenever you leave your home.

Actually I think that it's natural to have the "everyday" funds on one wallet and the HODL funds somewhere else, maybe another HW.
But that simply makes the "privacy" screen protector even less useful. Wink
6456  Economy / Gambling discussion / Re: ⚽UEFA EURO 2020 Discussion Thread | Current Phase: Finals in June 2021! on: July 08, 2021, 09:01:25 AM
But in this instance, what would have happened if the referee hadn't given the penalty?

It would have been starting to rain with Englishmen in the Danish area  Grin


Only obvious errors are to be corrected. And there was a touch. But in my opinion it was not enough for a penalty. But it was the referee's decision and I don't know what he have seen.

I think that it may have been correlated to the fact seconds before another foul was attempted on him. (Maybe not normal either, but I've seen that before).

I don't know though the story with 2 balls, which may have had the game stopped...or not.
But the decision was not right, especially knowing that Sterling is quite a stuntman and the stake of the game is this high. I really don't understand what has happened in the VAR room either; they had records from all the angles... but weren't the technicians providing the records to VAR by chance also Englishmen, since we were at Wembley?
6457  Economy / Services / Re: LoyceV's Avatar for Rent [first 🦊🦊2 YEARS🦊🦊 (120 weeks) rented out] on: July 08, 2021, 08:44:08 AM
Hmm, GazetaBitcoin why do you hodl open bottles of beer in the fridge?
both are still only half full. Do you need help with them?  Wink

Good find, especially as the water bottle has the cap on.  Grin
Unless it was indeed a tough night, I see no reasons for such a mistake...

(... imagine that when I've seen that he's missing last evening I thought "Poor Gazeta is working his ass off")
6458  Other / Beginners & Help / Re: Options to Purchase Bitcoin in the U.S. and transfer to a wallet on: July 08, 2021, 08:39:26 AM
It all depends on the amounts you want to buy and withdraw to your own wallet. The centralized exchanges usually ask for fixed and rather big fee at withdrawal.
If you already give up your identity by using bank transfer, I'd suggest a centralized exchange, since there's smaller chance for bad surprises and they should offer support (maybe a slow one, but still more than nothing).

As already said, it is advised to start with a rather small amount of money to be transferred, converted, withdrawn, so you see that the things work well. Afterwards you can look for optimizing the costs, like DCA (buy smaller amounts in different days) and less often (bigger) withdrawals.

Since I'm not from the States I cannot suggest exact platforms, but Coinbase, Binance.us, Kraken seem to be some of the options for US. Check for the fees though and keep in mind that you'll probably have to pass KYC procedures.
6459  Bitcoin / Bitcoin Discussion / Re: Bitcoin caused the mass production of altcoins and air coins on: July 08, 2021, 07:45:43 AM
air coins

You means shitcoins, right?

Perhaps the sharp drop of Bitcoin and endless washings can calm more people down.

Not at all. We had ICO craze, we had a huge drop in Bitcoin price (2018), crypto winter (2019) and then we got back where we started from, with Bitcoin hugely rising again and with NFT craze.
So it looks like a sharp drop calms people down only for a rather short period of time and they find another approach for worthless projects to lure people into.


I guess that people just don't want to learn from others' mistakes and they're keen to make their own. So it'll take a while... and Bitcoin sharp falls just make it take longer.
6460  Bitcoin / Press / Re: 2021-07-02 CNBC - Bitcoin mining consumed 56% green energy in June quarter on: July 08, 2021, 07:36:31 AM
Percentage of mining from renewable energy only went up because mining from Chinese coal energy sources are presently down and relocating to different parts of the world. Before we begin to get excited let us give it  a months until the relocated miners new energy sources are known.

The discussion is about quarter of a year. It's not clear what they meant by Q1 FY22, unless the journalist is from the future I guess that he wanted to say either Q1 FY21 (and January-March were full China), either Q2 FY21 (and China has started stopping only in June, so at least 2/3 is again full China).

But your point is interesting, especially as some of them move to Kazakhstan, hence, at least during the wet season, they'll use gas and coal in Kazakhstan instead of hydro power in China.
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