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721  Bitcoin / Press / Re: [2020-01-28] Your Bitcoin Should Be Seized to Pay for Climate Reparations on: February 07, 2020, 02:55:48 PM
These idiots were hiding in their caves when the Bitcoin exchange rates were hovering around $5 per coin in 2012. All of them suddenly became active once the prices reached four digits. Even here in Bitcointalk, there are multiple threads requesting members to donate their Bitcoins to alleviate global poverty and all that shit. Those who became rich from Bitcoin are not liable to do anything to alleviate global poverty or to contribute to anti-climate change measures. We became rich because we took the risk in 2012 and 2013, when Bitcoin was relatively unknown. All these people who want others to donate their money are doing so because of jealousy.

I think a lot of the activity is just so that they can try to earn bitcoins with the spammy sig campaigns.  I am happy to donate to things I care about, but not to the nonsense "global poverty" BS.  People need to vote for freedom not authoritarianism (socialism, fascism, communism etc) if they want to get out of poverty.  Property rights, freedom, education and the rule of law will do more to bring people out of poverty than people donating.  

I started mining etc in July 2010. At any time anyone was free to involved in bitcoin, mining, developing, buying etc between Jan 2009 and today.  Everything is about choices though.  You could spend your money (for example) on netflix or spend it buying bitcoin in 2011, 2012, 2013 etc.  Likewise, you can spend your time watching netflix or learning programming or anything with regard to bitcoin or anything else.   You can play fortnite or you can learn something worthwhile, start a business or do something like that.   Don't later complain later when you missed an opportunity because you chose to watch TV, go out drinking, partying, playing video games or anything else that takes you away from spending at least some time doing something productive.  It doesn't have to be exclusively something productive, but don't complain later if you chose something else.

Just like people who complain about "the rich".  In most "1st world" countries, parents could easily save 1000 euros or dollars for a newborn - 84 per month in one year.  Cancel cable and netflix for a year and spend the time reading to your child.  Don't buy coffee at Starbucks and you could save a 3000 or 4000 that first year.  If you do that 1000 or 4000 and give it and invest it for the child, by the time they are retired, they'll have more than 1 million (or 4 million).  Do it for a few more years, and it will grow even more. If instead of that, teenagers take the money for their phone and travel expenses (e.g. petrol/gasoline) and invest it from 13 to 18 they'll likewise have a few million by retirement even if they never invest anything again.

It is about choices though:  instant gratification or understanding math and the power of compounding and acting on it.  People make their choices and then they pay the price later or reap the rewards later.  Don't expect people who are paying attention making smart choices to pay for your poor choices.





722  Bitcoin / Bitcoin Discussion / Re: PSA: If gold were illegal... (Gold WAS illegal!) on: February 06, 2020, 02:17:11 PM
The authoritarians - socialist, fascist, communist, totalitarian etc - have never liked people being able to control their own lives through controlling their own wealth.  FDR was a leftist through and through ready to throw freedom out the window to gain power for himself and his cronies.  Nothing has changed since then except the world has been pulled more and more to the point where people who believe in defending liberty are in the minority in many places.  It should be noted that extremism in the defense of liberty is no vice and bitcoin is one big way to defend your freedom from the collectivist authoritarians who are bent on taking over the world by taking over money. 

If a government begins outlawing crypto, gold (or other PMs), puts in capital controls, puts in wealth taxes, you know that they are heading in the direction of authoritarianism and it is time to start planning (it really is time to plan BEFORE THAT by owning some bitcoin - 1 or more preferably) for an exit to a country that values freedom.  Look at the looters in Venezuela, NK, Cuba, and many other countries around the world.  Look at Bernie, Warren, and Biden in the US - they believe that they have the right to the products of your life in order to amass power to themselves.

Slavery was evil in the past and is still evil even when couched in flowery language of "need" and "fairness".

723  Bitcoin / Bitcoin Discussion / Re: halving time on: February 01, 2020, 04:37:07 PM
Due to the #Bitcoin hash rate increasing so rapidly, we should expect the #halving to occur already at the end of April, instead of mid May.
Could this analysis in this tweet be true or is it FUD.

The difficulty is adjusted every 2016 blocks (~ 2 weeks) so we maintain a 10 minute difference between each block, but if the hash rate continues to increase exponentially.Could it happen about three weeks before the appointment or even at the end of April?

The current time is just a guess, so there isn't an appointment.  It is highly unlikely to be the end of April, but we could see it a few days sooner than estimated now.  Some estimates are saying May 12 2020 (e.g. https://www.bitcoinblockhalf.com, https://www.thehalvening.com).  Some are saying May 7 (e.g. https://www.bitcoinclock.com).  A couple of months ago the estimates were May 15th.  4 years ago, they were June or July.

However, all that being said, if, for example, the hash rate increased by 100% each of the next 6 halving periods, then each one would only take a week, so you'd shorten 14 days by half if the sudden increase started right at the next 2016 block period.  Then you certainly could have the halving sooner.  The odds of a 100% increase in hash rate like that are infinitesimal though.

In short, at the current rate of increase, having it in April is quite unlikely.  However, it doesn't really matter one way or the other when it occurs so I don't see why the tweet would be FUD, merely something that is probably wrong and since I didn't see any rationale as to why they think that it seems to be just wild speculation.  Don't know who that person is, and seems like just some random person throwing something out there.

And I am not really sure if this even belongs in the Dev and Tech section, perhaps it belongs in the Discussion section.

724  Bitcoin / Press / Re: [2019-12-26] Binance Blockade of Wasabi Wallet Could Point to a Crypto Crack-Up on: February 01, 2020, 01:20:14 PM
https://www.coindesk.com/binance-blockade-of-wasabi-wallet-could-point-to-a-crypto-crack-up

I've often wondered whether clearly mixed coins would be considered 'hot' and in this case at least it seems they do.

Do you think they'll be heading towards an unworkable dead end with this or it's the start of something others will try to emulate?

The former, but the end will be that people will stop needing to exchange out of crypto and more and more people will just stay in it and not need the exchanges.

I'll be happy to buy these tainted coins at a few cents on the dollar.
725  Bitcoin / Press / Re: [2020-01-30] Bitcoin Has Lost Steam. But Criminals Still Love It. on: February 01, 2020, 12:55:21 PM
“ Bitcoin is the money of criminals”

I also have to ask who is defining what is criminal?  If it was the US a century ago alcohol would be illegal and pre 1914 cocaine was legal.

In some places drugs are legal, in others illegal. In some places purchasing an ad to attack the monarch or Muhammad is illegal, in others who cares. The bunny ranch is legal some places, illegal others. Homosexuality is legal some places and illegal others. In some places it is illegal to own a gun, in others not. 

At some point and some time pretty much every use of fiat or bitcoin would’ve been illegal, but control freaks like to control others thinking that other people are unable to think for themselves.  Yet paradoxically these same people are competent to vote in people to control everyone else.
726  Bitcoin / Press / Re: [2020-01-30] Bitcoin Has Lost Steam. But Criminals Still Love It. on: January 30, 2020, 12:14:03 PM
...

The last few months have not been good for Bitcoin. The value of the digital tokens has steadily dropped.
...



Typical fake nonsense news from the NYT.  They can't even get the facts correct.
727  Bitcoin / Press / Re: [2020-01-28] Your Bitcoin Should Be Seized to Pay for Climate Reparations on: January 29, 2020, 05:56:37 PM
...Corporations are already forced to carry it when selling products that contribute to emissions.
...

You mean, corporations are supposed to collect it from the buyers of their products and remit it to the government.  People are the only entities that pay taxes, corporations etc merely collect them on behalf of someone else and divide the costs primarily on consumers and employees.
728  Bitcoin / Press / Re: [2020-01-28] Your Bitcoin Should Be Seized to Pay for Climate Reparations on: January 28, 2020, 05:18:16 PM
WTF is "work in bitcoin" suppose to mean? Is she targetting us, sig renters? Or does she means people who mine or offer services in exchange for Bitcoins? Or is she calling out Bitcoin Core devs? These snowflakes can't even write out their thoughts properly. I did a rough calculation last year from the data which is available for public... Turns out more energy gets wasted by the Americans alone than what the entire Bitcoin network uses. How about we start seizing the assets of those who waste energy?  Roll Eyes ( I feel like I should make a proper thread about this and put this issue to rest once and for all )

I think she means anyone involved in any way in bitcoin.  She seems like an authoritarian to the core who wants to control everyone else via money.
729  Bitcoin / Press / Re: [2020-01-28] Your Bitcoin Should Be Seized to Pay for Climate Reparations on: January 28, 2020, 10:57:44 AM
Power consumption provides network security.  I'm sure she'd much rather have everyone use fiat so she can seize it in or inflate the value away in order to fund whatever he pet projects are, but some of us believe that we have the right to the products of our lives and we aren't slaves to satisfy her whines.
730  Economy / Speculation / Re: Bitcoin halving. on: January 28, 2020, 03:13:18 AM
Yes it will be going to happen this year around June. after bitcoin halving we can expect the one more time bitcoin can be reach again all time high. because we can see how pervious bitcoin halving has gives very good move for bitcoins and crypto market.

May, not June.

As far as the fiat price goes, unchanged or increased demand and a decrease of new supply, should lead to a higher price eventually. Whether that is before the halving due to anticipation or months after the halving due to the anticipation already occurring is anyone's guess.  In short, no one knows, it is just guessing.
731  Alternate cryptocurrencies / Altcoin Discussion / Re: [2020-01-25]Japan to begin its own national cryptocurrency on: January 25, 2020, 06:24:52 PM
Seems somewhat pointless - a centralized digital representation of fiat. Just use a database.
732  Economy / Exchanges / Re: [2020-01-25] Coinbase's Bitcoin Holdings Could Surpass 1 Million BTC Next Month on: January 25, 2020, 03:01:26 PM
I know I already read about the same topic last year, so I don't consider this to be any new news, but only just repeating old news with little spice. I can only say that a concrete example shows that people are far from being able to become their own bank, and also how important it is for some to be able to sell their coins at any time.

bbc.reporter, how the government (USA) could seize what belongs to Coinbase? Do you think Coinbase is actually a three letter agency operation with the sole objective to come into possession of large quantities of BTC? It doesn't seem like a bad conspiracy theory, especially in a country capable of far more dirty games...

The problem is that once governments have established the precedent that someone else's needs justify the seizure of my means to pay for them, it isn't a stretch for those governments to want to seize something like bitcoin since it gives people an escape hatch from the government controlled fiat system.

I doubt that Coinbase is a three letter agency, but if you get an administration in that believes it is their right to "redistribute" wealth in order to pay for an authoritarian government bitcoin will be a prime target if it is concentrated at one place.  Particularly if the US Supreme Court has been packed beforehand in order to green light this type of socialist/fascist/communist program. 

Will it happen any time soon?  Probably not, but the lure of "free" stuff could turn the US election in 2020 to a government that will eventually need to pay for all the promises they've made.
733  Bitcoin / Press / Re: [2020-01-13] This Key Data Point Shows Bitcoin Took A Huge Step Forward In 2019 on: January 25, 2020, 01:13:22 PM
This gives hope for more progress in the future. Smiley This is what what I've been thinking for quite a while. They(government officials) can be stupid themselves but they can hire smart advisers. And that's what they are doing already, because those of them who aren't, have small chances of surviving in the long run.

I wouldn't be too happy too fast. You cannot know what are their plans and next moves. I wouldn't be surprised they'd use this knowledge for favoring banks keep their current monopoly.
I think that playing the card of "Bitcoin is no threat for banks" ("We come in peace") is better, safer and not untrue.

Bitcoin is more of a threat to inflation prone fiat currencies and central banks than commercial banks. Bitcoin banks would be closer to Swiss banks vs, say, Deutsche bank.
734  Bitcoin / Bitcoin Discussion / Re: Peter Schiff's Bitcoin wallet mystery is solved on: January 23, 2020, 12:02:35 PM
Peter Schiff does not know and learn about blockchain and bitcoin technology, so naturally he does not know that every wallet has a seed phrase to recover funds in the wallet and can access it to other wallets too, I am a blockchain.com wallet user. Sometimes many people who hate bitcoin are looking for confusion someone that bitcoin is easily hacked, even though it is clear that it is a mistake and carelessness of its users not because of the bitcoin, so hopefully he knows the function of this forum for anything other than to help beginners know bitcoin well

Every wallet does not have a seed phrase. Many do, but not all.
735  Bitcoin / Press / Re: [2020-01-19] Peter Schiff Says Owning Bitcoin (BTC) Was 'Bad Idea' After Losing on: January 23, 2020, 11:17:34 AM
In a sense, he's not wrong.  It's all well and good saying he's just a Bitcoin hater and dismissing him, but it's important we get our response to this correct.  People (the ones on the outside looking in, who might be persuaded by Schiff) need to understand what happened and why.  So far in this topic, I don't think we've placed enough emphasis on that, so here goes:  

If you're a complete fool who isn't even prepared to try and understand the first thing about Bitcoin (but somehow still think you're qualified to give an opinion on it), it is a bad idea to dive straight in without knowing what you're doing.  People generally aren't accustomed to being responsible for digital keys.  It's a new skill set for the average person to learn.  And if they don't learn it, they can quite easily lose their funds.

Owning some bitcoin is a good idea if you have taken the time to understand how to use it safely.  If you are too ignorant or lazy to do that, then Bitcoin is not suitable for you.  Personal responsibility is a fundamental requirement here.  Chances are, no one is going to bail you out if you screw it up.

How many of you would go out and buy a firearm if you didn't even know how to use one?  That would be a bad idea too.  People don't tend to buy a car until they know how to drive one.  It's basic common sense and Peter Schiff clearly has none of that.  Even if it was a gift, the person who gave it to him should absolutely take it as a sign of ingratitude that he didn't take the time to learn how to use it.  



I would also add this is true for anything digital.  If you don't back up your Office files, eventually you'll lose something. If you don't back up your photos, you'll lose them. In short, if you don't back up electronics eventually something will go wrong.

If he had either backed up his device that had his wallet or backed up his password, he'd have been fine.

Bitcoin is not to blame for user error.  At best the device should automatically back your.
736  Bitcoin / Bitcoin Discussion / Re: My funds have been stolen! on: January 22, 2020, 01:36:15 PM
...
Next time it will be best if you use a much more secured wallet like blockchain or your local exchange if you have some so you can easily reach the customer service in case there is a problem in your wallet like this one.  

Blockchain or a local exchange?  Those are bad ideas unless you are incompetent about securing your own computer.  Then you don't own bitcoin, you have an IOU.

Electrum is secure if your computer is secure.  People saying that "they" have lots of security issues are misinformed.
737  Bitcoin / Bitcoin Discussion / Re: My funds have been stolen! on: January 22, 2020, 02:47:42 AM
I am curious what OS you are running, anti virus software you are using.  Not that it matters since it is gone, but perhaps it will help someone else.

Electrum is quite secure if your computer is secure.  Anyone saying otherwise is spreading FUD.
738  Bitcoin / Bitcoin Discussion / Re: Bitcoin sidechains available today? on: January 21, 2020, 04:33:29 PM
Bitcoin sidechains prove to be a great scalability solution that would lose the burden on the main Bitcoin blockchain. New cryptocurrencies can be created in a form of a sidechain, to obtain the security of Bitcoin without sacrificing scalability.

Scalability is not an issue for bitcoin network.

This scalability drama is just a stupid idea that scammers who are trying to sell you their worthless tokens are trying to put into your head. And they are doing an amazing job

Bitcoin was created not to be faster than currenty payment methods, visa is far enough.  It was created to be decentralized, not owned by anyone.

Any sidecoin, fork, altcoins or whatever will be owned by someone. SoI will just skip them and use visa.

Not even the fastest and most centralized shitcoin is faster than visa.

Bitcoin transactions are cheap, although they are not instant.  But not even the banking system is.
In a few years we will have lightning network to buy coffee and stuff, and to send real money we will use the bitcoin network, which is cheap but take a few hours to complete. That's just what we need.

Thanks we don't need side coins.

But bitcoin's confirmation IS faster than current payment methods such as Visa.  Visa's initial approval may be a few seconds, but you can contest a charge for months afterward so it is NOT confirmed for months.  Bitcoin transactions are confirmed much faster than months.  An hour or two.  Bitcoin's initial broadcast to the network is a few seconds at most also.

I do agree though, the scalability drama is just that, drama. 

With Lightning, you can have more or less instant broadcast and instant confirmations.

Most (all) side chain functions can be duplicated faster and cheaper on things like lightning.  Sidechains may be interesting for some uses, but federated sidechains that require trusted 3rd parties aren't very interesting except as experiments.





739  Bitcoin / Bitcoin Discussion / Re: Total Bitcoin lost to date? on: January 21, 2020, 04:28:46 PM
... (assuming the Zombie Coins last touched in 2010 do not resurrect at some point)
...

Assuming coins haven't moved since 2010 are lost is a poor assumption for at least some percentage of them.  Slashdot's first article on it was July 2010 and a lot of people got involved and started mining then and just mined into an address and left them. 

It reminds me of the (continual it seems) proposals to require coins to be moved in order to keep them - one should not assume that coins that are of X age are lost.
740  Bitcoin / Press / Re: [2020-01-19] Peter Schiff Says Owning Bitcoin (BTC) Was 'Bad Idea' After Losing on: January 21, 2020, 04:23:16 PM
Why is he even complaining? He only received $1k in BTC and all those money were gifts!
Am I the only one seeing this as Shiff's total failure on many levels?
-He got it for free (should be grateful instead of complaining)
-He did not know how to protect it (not very smart)
-He forgot his password (what a loser)
-He told the public about forgetting his password (nobody cares)
-He's trying to blame a computer program for his own inability to operate it (childish)
-It's a very small loss compared to how much money he has and he makes a big deal out of it. (again immature)
-Uses it for his own agenda (bitcoin is bad, buy gold)

Agreed.  It would be like if my grandfather gave their 13 year old grandchild a 1/10 ounce of gold and then the kid went outside and it fell out of her pocket in a lake.  Then they said, "I didn't lose it, my pocket it."

Blame the gold or blame the person who didn't take care of it?  It is like blaming forks for making people fat and guns for shootings.
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