And I'm running Windows, and you should understand that not all are familiar with the UI of Linux.
I do not consider myself a Linux elitist, but I think it's better than Windows if you're handling sensitive material. If you can protect yourself though, good for you! I say that sincerely. I personally prefer it because I can afford to be a little more careless with my activities. I don't keep wallets on my Windows machines. But uh, there seems to be a common misconception that Linux is hard to use. It may get daunting because there are so many flavors to choose from, but the most popular ones are user friendly enough that it shouldn't take the average joe more than a day to get used to it. |
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I'm not responding to anyone in particular, but I personally don't believe that the Lightning Network is the be-all end-all for Bitcoin. I just think that, overall, it will be for the benefit of the ecosystem. I get that there's politics behind it, which is why there are people from opposing sides preaching all the time, but eh.
If it turns out that I don't like the finished product, I won't use it. If it never progresses to that, I won't use it. I imagine most casual users are in the same position. I don't get the fuss.
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people don't just put money in their Lightning Channels for fun, they put it there to make transactions and there are some big channels that have done it to support the network and process more transactions.
True, but it hasn't really hit the mainstream yet, and it likely won't until user experience is simplified. Then again, it is in beta, which is usually reserved for hobbyists as far as software go. If you think about it though, $2m is nothing for a payment network. We have a long road ahead of us. |
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i doubt its a good thing if a billionaire is backing something, i dont think it will matter much anymore
I wonder why you said that. Isn't more money will a project to move much faster? I thought this was a good thing. Some people inherently distrust rich people because they feel like all these guys do is to profit off the regular people. Not saying the person you quoted is one of them, of course, but it definitely seems like he doesn't trust rich people. It is a good thing, as more exchanges result in a stronger ecosystem where customers choose the best service for their business. |
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If engaged in a giveaway and anything asides basic tasks is required to claim, and you are to reveal personal information, private keys, emails, then there's a very high probability that it's a scam.
Noovs are the ones commonly sucked into these sort of project scams, which simple inquiries could uncover.
Just to clarify for newbies, some legitimate airdrops do require personal information and/or an email address; it's up to the person to determine whether or not risking their identity is worth it (it often isn't lol). Private keys are a big no-no though. |
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Just to bring another side to this story: Tran isn’t predicting a full-scale panic resembling the 2008-2009 financial crisis, and there are some reasons for optimism. Banks are better capitalized now than before the crisis. (Bank capital — shareholders’ funds or loans — protects against losses.) People are also more sensitive to the dangers than a decade ago.
Evidence of this comes from a recent “stress test” performed on 35 large bank holding companies by the Fed. A deep recession was simulated; the unemployment rate rose to 10 percent. Despite large losses, no bank failed. Since 2009, these banks have added $800 billion in common equity capital, the Fed says.
What Tran is suggesting is a global shift away from debt-financed economic growth. The meaning of the $247 trillion debt overhang is that many countries (including China, India and other emerging-market countries) will be dealing with the consequences of high or unsustainable debts — whether borne by consumers, businesses or governments. There will be a collective drag on the global economy. tldr; the upcoming financial crisis may not be as significant as 2008's That being said, it's still looming and seems to be inevitable at this point. It's better to be safe than sorry. |
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Very interesting point, and is certainly more than plausible. At this point though, most people who hold a decent value in coins know not to keep them in exchanges for long term storage. I expect this mentality to be even more prevalent in the future, as more people immerse themselves in the community.
The problem is custodial services that target corporations. They'll be keeping more and more coins as financial entities get more interested in the market. Still, Bitcoin is for everyone; it's just ironic that a symbol of freedom can still be used by the financial elite to screw over the little guys lol.
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If the system dies but the idea is alive then people will just build a new system with the same idea perhaps different properties. So bitcoin really cannot die along with BTC.
Not the one you quoted but I'll put in my two satoshis anyway. I suppose this makes sense if you perceive Bitcoin to be an abstract idea that is simply an electronic peer-to-peer cash system. At the same time though, pretty much every single coin out there would be Bitcoin lol. Also, I don't think purists (the ones who are actually concerned with the idea of Bitcoin) are at all worried that Bitcoin is going to bite the dust. The only ones worried about this are the ones who invested for financial gain. But yeah I do get what you mean. |
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Good news, but wait til Maurer creates his own cryptocurrency à la Nicolas Maduro's Venezuelan Petro. LOL
I know you're probably joking, but have they shown any inclinations towards this? Or is there any reason they may want to? I mean, people who have been involved in crypto should know by now that creating a "state crypto" is mostly pointless. Maduro obviously only wanted to raise funds and work around sanctions. |
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but if you use bitcoin as a currency to purchase stuff then the tax on it is 0. for example you can receive your salary in bitcoin and end up having 20BTC and not pay anything for taxes.
and that helps with adoption A LOT.
Umm, not necessarily. If the store you purchased from pays proper taxes, they'll charge you for it; it will be inclusive with the price. If you receive your salary in Bitcoin, and you're required to pay income tax, you still have to pay the appropriate taxes. Income is income no matter which form of currency you receive it in. While I don't oppose physical ETFs, I strongly belive that synthetic ETFs should not be allowed. It won't have any positive impact on the market.
A physical one would certainly be better for prices, but even non physical ones might be able to shine a light on Bitcoin as a sound investment. I still don't know which camp I'm in, but I'm pretty sure there won't be any approved anytime soon. |
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Bitcoin is amazing but in a fast changing world ( technologically), there are no impossibilities. And if you hold that bitcoin is an ideology, Ideologies do change as new information become available. Once upon a time, blackberry phones were a thing, now they are obsolete.We are still at the early stage of crypto mainac and a lot could happen to change the course of events-good or bad.
This reasoning makes perfect sense, but what most people don't factor into it is that Bitcoin itself is still a work in progress. If something were to render Bitcoin obsolete at this point, it would take revolutionizing the blockchain approach in such a way that Bitcoin development can't keep up. I simply don't see that happening anytime soon. True scalability hasn't even been achieved yet. It can die though. The question is of its likelihood. The idea is for a decentralized payment network; that can be achieved by other coins, or maybe even something else that's entirely different. |
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I am really doubt that Bitcoin became so popular only through the word of mouth. Does anybody know how it was advertised? Does the Satoshi or any another Bitcoin's founders buy any advertising?
It only really became popular recently. It had to rely on word of mouth back then. I seriously doubt Satoshi ever went for any paid advertising. From what I understand, Bitcoin wasn't much more than a proof of concept kind of thing at the start. Once people started making money out of it though, it was just marketed like crazy. Exchanges started popping up, ICOs, etc., and it all just snowballed from there. |
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Well yes, you can send money to a segwit address, doing it the other way around is more challenging...
I'm totally not a fan of segwit, in fact I think it's awful. But SegWit is Bitcoin because that's what the market decided after the fork, and I respect the market's decision.
How is it challenging? Legacy addresses can receive transactions from Segwit addresses with no problem. The only issue that typically arises is wallet compatibility, or lack thereof. Am I missing something? But yeah, even if you don't respect it, you can always choose not to opt-in, which is nice. |
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This would appear to hint @ bitcoin's latest downtrend as being politically motivated and orchestrated rather than a product of natural market mechanics.
FUD hasn't really affected the market significantly for a while now, so I don't think this piece specifically is a contributing factor to the downtrend. The market has been bearish for quite a while so I think it's more likely that the trend is simply continuing. But yeah this article is ridiculous lmao. It doesn't really matter either way though, as Bitcoin doesn't discriminate on its usage; that's the point. Propaganda articles simply choose to focus on the negatives. |
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Looking at these facts, do you think the market will sustain such hype in long run? ETF should be considered as an optional addition to cryptospace, not an integral one! Well to be fair, the market has been running on hype for the longest time now. People are stocking up because they know it's going to be very valuable in the future. An ETF could add to short-term hype, which may also jump start speculators again. I'm not saying it's good for the ecosystem or anything, but it may just be enough to get the market out of its funk. You're absolutely correct about it not being necessary though. We may even be better off without them in the long run. |
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I use uBlock Origin, and couldn't recommend it more. It works perfectly, requires minimal user set-up or maintenance, and I have never had any problems bypassing all those "Disable your ad blocker or you can't access this site" pop-ups and overlays we were just discussing. Having said that, I do also generally block Javascript by running NoScript, so I can't say for sure whether it is uBlock or NoScript that is responsible for blocking these pop-ups. I'm afraid I have no desire to turn either off for even a short time to ascertain the answer - I would recommend everyone uses both anyway.
Yeah, I also use both along with HTTPS Everywhere. I also never do anything remotely related to crypto on a Windows machine. These are probably all you really need if you're aware of basic safety practices. I've heard of password managers and whatnot, but I personally feel like having fewer extensions is generally better. |
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majority of bitcoin users don't care about ETF anymore so if by "hope" you mean people waiting for an ETF to be approved then no, i don't think that many are waiting for such silliness anymore.
I'm sure a lot of them are still eagerly waiting, as the consensus seems to be that ETFs will drive prices way up. This is probably especially applicable now considering Bitcoin's massive drop; it needs a bull run catalyst, and that may turn out to be a Bitcoin ETF approval. I'm not sure they care about the actual ETF though lol. I certainly don't. |
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Hey your concerns are legit but these hacking happens mainly due to you using your wallet on a public wifi, or having virus on your machine, or sharing your details like private key or seed with others. I would recommend you Electrum wallet if the total bitcoins value is less than 100 bitcoins, if it's more than Trezor wallet those are the most secured wallet, but use them only if you plan to hodl a big amount of bitcoins.
Those are definitely common causes but you would need perfect online security to pull it off, which is unlikely. At the end of the day, if your private keys are online, your coins are always at risk. Electrum is a great wallet, but I wouldn't keep even 2 BTC in it. If you absolutely don't want to spend on one, you may as well create a cold paper wallet -- the only important part is to make sure your private keys never touch the internet after all. |
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Using Adblock also helps you stay away from paid ads in Google, which may be phishing sites. Ublock is probably the best one, and it is a must for everyone who uses a browser. You can download it for Firefox Android and desktop versions. https://addons.mozilla.org/pt-BR/firefox/addon/ublock/I've heard that uBlock Origin is better, and is from the original founders of uBlock. uBlock apparently has shady behavior, though I haven't bothered to check myself. Just a quick heads up. Try Googling the two before you settle on one. If you just want a script blocker, nothing beats NoScript imo. It's only for Firefox though. |
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It will not surprise me if some anti-bitcoin group are doing this, because they know bad publicity like this would turn more people against Bitcoin. I hope the authorities and some white hat hackers might be able to track these people and make an example of them.
If so, then that would be royally stupid of them. Would you really risk being branded and prosecuted as an actual terrorist just because you hate some kind of internet money? Lol. There are more effective methods that don't get you life in prison. |
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