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6761  Economy / Speculation / Re: Are we in 2017 again? How do you feel about the price chart today? on: August 19, 2021, 04:52:39 PM
~snip~

Halving has its effect, I personally don't think we've seen the best of it yet - and everything that started happening last year at this time is actually the result of the price we have today. I am thinking of the rather large investments from companies such as MicroStrategy, Grayscale, Tesla, and PayPal's entry into the crypto market.

Consequently, we can assume that there will be no replay from the end of 2017, and that the price could continue to rise because there is more than obvious demand - how else to explain that the market started to recover at the same time as last year? Less mined coins on market, rising demand and a price that is at the moment more than a good base for a new ATH - I hope we have a very exciting 4 months ahead of us Smiley
6762  Bitcoin / Bitcoin Discussion / Re: Debunking the "Bitcoin is an environmental disaster" argument. on: August 19, 2021, 04:17:42 PM
Quote
This sterile corporate speak is of course a euphemism for the following: “I see no value in Bitcoin and hence consider all costs associated with its production and maintenance wasteful.”

Sometimes everything essential fits into one sentence, and I believe the author has captured the very essence of the whole anti-Bitcoin agenda. When it comes to Bitcoin, I think there are several categories of people :

  • Those who fully understand what Bitcoin is and how it works, and what the benefits of a decentralized cryptocurrency are - and I believe there are very few such people, in a percentage of less than 10% including those who are for and those who are against.
  • Those who understand to some extent, but still are very cautious and very susceptible to media mainstream propaganda that continues to successfully promote the agenda "Bitcoin is bad for the environment."
  • In the end, those who are very smart and intelligent, perfectly understand what Bitcoin is, are aware that the impact of crypto mining is actually negligible - but they represent a global financial elite that defends the system they have built for centuries in every possible way.

If there's one thing we could learn from all this, it's that those who control the mainstream media shape public opinion - especially things that the average person has a hard time understanding, and Bitcoin is in the category of such things.
6763  Bitcoin / Press / Re: 2021-07-10 Medium - How Much Will One Bitcoin Be Worth In 20 Years? on: August 19, 2021, 03:32:44 PM
This is a big exaggeration and I hope that no one is buying bitcoin with the hope that in 20 years' time they will be a millionaire. we have to look at our own age, our life expectancy when we do hodl, it doesn't make much sense for someone to just do hodl for 20 years, bitcoin is to be used to buy things

No one should be surprised by anything related to Bitcoin, because we don't need to go back to the beginning at all, but maybe only 5 years in the past and read how people thought then - I believe we would find it hard to find anyone mentioning the price we have today. Furthermore, Hal was a great visionary and one of those who is certainly very much lacking in the crypto world - so I would not say that he is exaggerating, but only talking about the complete success of Bitcoin that can happen in 10 or 20 years.

Imagine a time when central banks store Bitcoin as they store gold today, as millions of people try to get hold of every satoshi that appears on the market every day - $10 million per BTC doesn't seem so impossible, especially considering that $ will continue to lose in value.
6764  Other / Beginners & Help / Re: Another exchange hacked, Liquid exchange. on: August 19, 2021, 03:15:04 PM
A Japanese exchange, Liquid has been hacked, over 80 million US dollars worth of crypto assets were stolen from warm wallet (which I believe it means hot wallet) after the exchange was compromised on Thursday, it is reported that the remaining crypto assets has been transferred to a cold wallet.

Maybe it's the same hacker who recently hacked and then returned $600 million in crypto?

I wonder what happened to Japanese discipline and precision when things like this happen to them, and where is their common sense if they keep so much crypto in a hot wallet? Fortunately, who else uses Japanese exchanges (besides the Japanese), after Mt.Gox hacking, which has not yet been legally resolved after so many years...
6765  Other / Beginners & Help / Re: Can lean investor become rich in Bitcoin on: August 19, 2021, 03:03:09 PM
How possible can a broke a broke investor with no good capital become rich in Bitcoin. Is as if Bitcoin is only for the middle and rich class to invest.☹️

It's not all about the money, sometimes you just need to be in the right place at the right time and with a little money in your wallet, you can do something big. This was the case with early BTC investors, many of whom actually mined or bought large quantities of BTC for relatively little money.

Of course, such opportunities no longer exist - because if that were the case, you wouldn't even have written this post and wondered how come you can't buy 0.5 BTC or maybe 1 BTC today. But I believe that with a good strategy you can set some achievable goals, and that would be 0.01 BTC for a start, and maybe 0.05 BTC later. If you believe that BTC has a future and that the price will go up, then even relatively small amounts can make you rich one day Wink
6766  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 18, 2021, 02:16:46 PM
Do you guys really think people will use their BTC to pay for cinema halls, paying their Mortgages and shit? No fucking way.

Given the current thinking of the average Bitcoin user, I don’t believe anyone reasonable can give an affirmative answer to this question. I believe that most investors consider BTC exclusively as a store of value, and a small percentage of people use it as a currency.

If we exclude LN as a possible solution for fast and cheap payment, on-chain transactions are definitely unacceptable not only because of the occasionally high fees, but also because the time between 2 blocks can be much longer than the average 10 minutes. In the past 2 weeks, I have had at least 3 situations where I paid something with BTC (physical store) and waited between 30 and 50 minutes, not because of the fee, but because there was simply no block mined.

Of course, online payments are a little different, but still people will have a hard time deciding to pay with something that can bring them profit in the future.
6767  Bitcoin / Electrum / Re: Electrum standard transaction fee set to 4.1 sat/byte?? on: August 18, 2021, 01:41:44 PM
In any way, I hope your transaction will be confirmed soon... (Mine was gone within a few minutes... so the miners was rubbing their hands to cash in on my stupidity)  Roll Eyes

Have you perhaps noticed that you are replying to a post with a date 30 July 2021, 22:19:45? How does it even occur to you to look for old threads and write nonsense like this that is not relevant at all? This is called signature spam... Angry
6768  Other / Beginners & Help / Re: How to avoid cryptocurrency transaction Error. on: August 18, 2021, 01:15:56 PM
There is no great wisdom or secret here, common sense tells us to check all the parameters of the transaction before pressing the send button. While the coin address to which we send or receive a transaction is perhaps the most important part, things like a change address, transaction size, and fee should not be overlooked either.

I think that hardware wallets play a very big role here because they actually force us to confirm everything that is important before approving the transaction - although this can be a bit problematic on some HW that does not show the entire coin address at once, but in parts - example.
6769  Other / Politics & Society / Re: The recent surge in Covid-19 is making vaccine makers to have a rethink on: August 18, 2021, 12:53:14 PM
Wrong.
The United States is a long way away from herd immunity, as only 50.50% of the population has been vaccinated till now. 70% to 80% coverage is needed for herd immunity and none of the states in the US has achieved it.


Seventy percent of U.S. adults have had at least one shot of a Covid vaccine, according to data published Monday by the CDC, about a month behind President Joe Biden’s Fourth of July goal.
The 70% goal set by Biden in May is seen by federal health officials as a crucial step toward reaching so-called herd immunity — when enough people in a given community have antibodies against a specific disease.

If you think that the CDC (Centers for Disease Control and Prevention) is misrepresenting, or that CNBC is writing nonsense, send them an official inquiry - I've been listening to this news for at least 2 weeks - and your source seems to only list people who have received at least 2 doses - which, by the way, have almost no effect on the new delta strain of the virus. The propaganda you obviously believe in just wants people vaccinated, and then I ask you why Israel started vaccinating people with the third dose if people should be safe after the second dose?
6770  Other / Meta / Re: Report plagiarism (copy/paste) here. Mods: please give temp or permban as needed on: August 18, 2021, 12:36:48 PM
I don't think this deserves a plagiarism ban. It's a bit hidden, and there's no direct link, but the parts I've highlighted in red mention the Amazon jobs site. I'd say send oHnK a PM, so he can improve his use of references. All he has to do is add a link and quotation marks at the right places.

I don't agree with your opinion, because to me this is obvious plagiarism, regardless of the fact that you think he just forgot to put "quotation marks at the right places" or add a source - Hero member should probably learn those things by now.
6771  Bitcoin / Legal / Re: I want to report crypto currencies stealing, where should i go? on: August 18, 2021, 11:10:25 AM
The subspecies hacker suppose to be living in Russia ( Mosco or san Petersburg) at least with the information i have.

You assume something (you don't have solid evidence), and even if you have detailed information, and if your hacker is really in Russia, the chances of launching an investigation or arrest would be minimal - because it's Russia after all.

I was a victim of crypto currencies stealing, a hacker was able to log to my email account...

One of the golden rules when it comes to cryptocurrencies is that the backup is not stored online, and you not only did just that, but you let someone hack your email. You paid dearly for your mistake, but unless you have someone in high politics, the secret services, or something like that - I don't think anyone can help you with this. Maybe try to find a lawyer to help you pro bono, even though you literally grab very thin straws in whichever direction you go.
6772  Other / Politics & Society / Re: The recent surge in Covid-19 is making vaccine makers to have a rethink on: August 18, 2021, 10:43:12 AM
Just a year and a half ago I would agree with both of you, guys, but recently I changed my mind under the influence of my close relatives that happen to be certified specialists in the fields of medicine and biotechnology.

Did you expect any of them to speak critically about something that brings hundreds of billions of dollars in revenue to pharmaceutical companies? In addition, all those who had any doubts and publicly expressed their opinion on the safety and quality of the vaccine were exposed to the media lynching and it is not uncommon for them to be fired. Not thinking critically in any sense turns us into robots who only carry out the orders of their masters.

Here's what I've learned from them:

1. If 70%-80% of the people in the world(note that ending the pandemic in one particular country doesn't make sense in the modern world) were vaccinated the pandemic would start to decline and would vanish soon.

That has nothing to do with the truth, because you obviously haven’t read my previous post - if 70% of adults in the US are vaccinated, how is it possible that they have about 140 000 new infections a day - and that’s not some tourists or migrants. In addition, the virus cannot just disappear, it continues to mutate and infect vaccinated and non-vaccinated, almost to the same extent (when it comes to new strains of the virus).

2. Although you can be infected with covid even when fully vaccinated, the vaccination greatly reduces the risk of hospitalization and death.

I can agree with this, but still need to tell people what are the long-term consequences of vaccination that will not stop at the 2nd or third dose - and given that the vaccine has not been clinically tested long enough (3-5 years by medical standards). Does no one ask what can happen in 5 years if people start getting some kind of cancer en masse which could be a direct consequence of vaccination?

According to some unofficial information, as many as 50 000 deaths in the EU are under investigation as a result of vaccination - but it has now become quite normal to say that some must be sacrificed to save others - I do not consider this a humane approach, but how much is a life worth today?
6773  Other / Meta / Re: Report plagiarism (copy/paste) here. Mods: please give temp or permban as needed on: August 18, 2021, 10:15:09 AM
Plagiarism reported 8 days ago, still standing unhandled - isn't everything more than clear in this case?

When I looked at the site of Amazon, indeed BTC is not mentioned in.the job vacancy but they mentioned about cryptocurrency which is include with BTC. In the position, one of the job description is leverage your domain expertise in Blockchain, Distributed Ledger, Central Bank Digital Currencies and Cryptocurrency to develop the case for the capabilities which should be developed, drive overall vision and product strategy, and gain leadership buy-in and investment for new capabilities.


But we should highlight that there will be a possibility Amazon will develop their own digital currency such as Libra of Facebook based on their statement. The Payments Acceptance & Experience team is seeking an experienced product leader to develop Amazon’s Digital Currency and Blockchain strategy and product roadmap.

...leverage your domain expertise in Blockchain, Distributed Ledger, Central Bank Digital Currencies and Cryptocurrency to develop the case for the capabilities which should be developed, drive overall vision and product strategy, and gain leadership buy-in and investment for new capabilities. The Payments Acceptance & Experience team is seeking an experienced product leader to develop Amazon’s Digital Currency and Blockchain strategy and product roadmap

6774  Bitcoin / Bitcoin Discussion / Re: Why did Satoshi Nakamoto name the first block of Bitcoin Genesis Block? on: August 17, 2021, 02:22:35 PM
For the time being, human civilization employs the Gregorian chronology which starts with the legendary birth year of Jesus Christ and takes this year as the boundary. The time before is called BC, and the time after, AD.
For Bit Era System, 2009, the year Bitcoin was born, will be set as the boundary.

To me, this is honestly a bit ridiculous if you go back as far as 2000+ years and go so far as to imply that the period before and after 2009 should be called "before Bitcoin" BB - or "after Bitcoin" AB - like comparing Christianity to Bitcoin, by which you only add fuel to the fire of those who say that Bitcoin is a religion.

This is the biggest change that Satoshi Nakamoto's creation of Bitcoin has brought to human civilization. Satoshi Nakamoto is the Creator of Bit Civilization who pioneered and created the world. He dug out the first block of Bitcoin, which marked the genesis of Bit Civilization. That is why he chose that name.

What do you think?

I think (and I hate to repeat myself) that you have gone too far in a direction that makes very little or no sense at all. It’s hard for me to imagine someone fantasizing about some kind of Bit civilization and wondering why the first block was called Genesis (as if that wasn’t self-explanatory).

Maybe it would be good to start writing some fantasy novels, you have a sense of the subject, and it sells really well.
6775  Bitcoin / Bitcoin Discussion / Re: Does anyone know what the most successful whale wallet out there is? on: August 17, 2021, 01:00:33 PM
Imagine if Elon Musk just mentioned his BTC address and everyone goes crazy over the amount of Bitcoin he holds. Cheesy

But the public figure is that Tesla bought a BTC worth about $1.5 billion, which at the time of the purchase was about 40 000 BTC - and also that such companies do not keep that same BTC in some of their wallets - but use custodial service. EM admitted to having a small number of coins, mostly altcoins.



I know that one (inactive) forum user has about 40 000 BTC and it's no secret for those who are a little longer on the forum - and I also know some users who have significant amounts of BTC, although they certainly can't be considered whales.
6776  Other / Beginners & Help / Re: Can you put away your arrogance? on: August 17, 2021, 10:49:08 AM
~snip~

The mistake you made first - telling your friends that you invested in something, it should still be a private matter, especially if you look at it from a security perspective. Owning digital assets in the form of cryptocurrencies is definitely a risk, and even greater if your friends and acquaintances know it.

Another thing, when someone equates Bitcoin with a casino, then that story should stop - such people can't stand that someone disputes their opinion, even if they know they are wrong - because in most cases it all comes down to people out of ignorance talking negatively about something, because they won’t admit that someone is smarter than them.

Religion in the context of cryptocurrencies is another big nonsense - because no one has built a crypto church or prayed to Saint Satoshi every day.

You shouldn't waste your time on people like your friend in the sense of convincing him of something - I would from now on avoided cryptocurrency as a topic of conversation since it is obviously a one-way street for him.
6777  Bitcoin / Bitcoin Discussion / Re: Currency is not the same price, you can buy low and sell high profit? on: August 17, 2021, 10:12:59 AM
I‘m curious about why would big gap appear?

As far as I know, such price differences are in most cases caused by high demand and low liquidity in a particular market. If there is not enough of something on the market, and there is a great demand, it is logical that the price will rise. This is not just the case with South Korea, and some markets in Africa and the Middle East have also recorded large price differences at times when the price is rising.

It should not be associated exclusively with Bitcoin, it happens in everyday life - people buy something cheap in country X and then sell it at a much more expensive price in country Y.
6778  Bitcoin / Bitcoin Discussion / Re: Additional security measures when your Bitcoin net worth increases on: August 17, 2021, 09:48:38 AM
~snip~

I know this vulnerability existed, but it has also been fixed at least as far as Ledger is concerned - so while no one can claim that something similar will not reappear, hardware wallets are still the simplest and safest solution for the average user who is unable to make an airgapped wallet.

Of course, it would be ideal for everyone to have perfect cold storage, but when we look at how many people use exchanges for their storage, with the addition of all those who use desktop and mobile wallets, how many successful attacks on hardware wallet users do you personally know? Of course, this does not include those who became victims because they gave someone their seed or were deceived by clipboard malware.
6779  Other / Politics & Society / Re: The recent surge in Covid-19 is making vaccine makers to have a rethink on: August 17, 2021, 09:29:16 AM
The government can only do so much about their vaccination program. If they cannot convince the general public that vaccination works, even with tons of free vaccination programs, then that is outside the ambit of their scope. You cannot force someone to get vaccinated as it will tantamount to involuntary servitude. The only thing that the government can do is to provide concrete data and information that vaccines do work!

Here in the Philippines, after the government announced that the public cannot visit malls without any prior vaccination, tons of people marched into vaccination sites to get vaccinated. There has to be some sort of tradeoff where you would impose to convince the general public to get vaccinated.

Governments are sticking to the only solution that works for them, and that is vaccination. Yet if we look at data from say the US where it is stated that at least 70% of adults have received a single dose of vaccine and at the same time have over 100 000+ infected daily, then we need to wonder how effective these vaccines are at all, especially against new strains of the virus.

What is happening now in some countries of the world is a direct blow to human rights and fundamental freedoms, because if someone conditions people that they must be vaccinated if they want to go to a store or hospital, then where are we headed if not in the opposite direction of democracy.

The example of France and its insane measures has brought hundreds of thousands of people to the streets to protest - and that is the only way people can really say what they think about being forced into something. The misfortune of this world is that 90% of people behave like sheep and don’t think for themselves, which is why we all live much worse than we should.
6780  Bitcoin / Bitcoin Discussion / Re: Does Bitcoin increase wealth equality? on: August 16, 2021, 02:10:00 PM
Yeah that's my point - I believe billionaires have been buying bitcoin for years. A high percentage of the elite already own bitcoin.

If that were true, don’t you think the price of BTC today would be much higher than it really is? If elites (billionaires) really bought BTC, then it would be very visible on crypto exchanges that would be far less liquid than it is today - because I have not heard of a case where someone failed to buy BTC because there is a shortage on some exchange.

Regardless of the fact that the BTC supply is limited to 21 million coins, and that it seems very small to some people - there are still large (millions of coins) in the open market, but also in the OTC market.

Being rich and being elite is not always a sign that someone is intelligent, because there are those who have inherited wealth and do nothing with it except spend it. Consequently, I don’t think these elites took BTC seriously until the bull run in 2017 - nor did many ordinary people.
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