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721  Economy / Economics / Re: What is the best Cryptocurrency to Invest? on: June 12, 2019, 05:29:47 AM
20% fiat 50% bitcoin 20% eth 10% altcoins

BTC DOGE XMR LTC ETH and many other tokens.
722  Bitcoin / Bitcoin Discussion / Re: Apocalyptic Scenario - What happens to Bitcoin? on: June 12, 2019, 05:25:46 AM
What happens to the value of bitcoin in an apocalyptic scenario? Eg, if the world starts getting hit with electromagnetic pulses which knock out power, or let's say the report that came out a few days ago is true, that civilization as we know it deteriorates by 2050 due to mass migration from climate change.

Many claim that bitcoin will be worthless and gold, guns, and ammunition will be very valuable. On the other hand it has been claimed that bitcoin requires very little infrastructure and would work much better than other things. If bitcoin is truly a store of value, then it should store value especially in unfavorable circumstances.
2050 is really to far and its better to look in the future in a positive way
its only a possibility and we have more years to come to prevent it from happening



Yes always focus on the positive. Hopefully, we as a human race fix things before they get that bad. We might not, we may destroy this planet and be forced to live elsewhere.

You are right.  in the end only gold and silver will have high value.  in the near future fiat will disappear, and the popularity of crypto and BTC currencies will develop well.  In my opinion.  BTC and crypto are only for storing assets in a short time.  after the internet is gone, BTC will have no value.

How can you say bitcoin is for short term storing? The currency will evolve. I have held my crypto for years.
723  Bitcoin / Bitcoin Discussion / Re: My reasoning why Bitcoin could collapse (soon) .. privatekeys/publickeys on: June 12, 2019, 05:22:18 AM
Criminals can't even brute force or crack a 3 or 4 digit code to open the door to peoples houses so how on earth will they do what you say? People still use passwords to unlock their door or main gate. If brute forcing was so easy then surely criminals could create some sort of device to crack a 4 digit number? Yet they have not.
Your analogy is flawed.

Keypads like this almost always have a limit to how many attempts you can try, usually in the region of 3 or 5. It is impossible to "brute force" something if you don't have a significant number of tries. If you can only try 0.03% of all possibilities before the system locks you out, you will never brute force the correct code. If you are trying to brute force a bitcoin key, you can have as many attempts as you like. No one is going to lock you out of trying as many different combinations as you want. Bitcoin is safe from this kind of attack not because no one can brute force a PIN code, but because even if you used every computer on the planet to try to brute force a private key, you wouldn't find a single match before the heat death of the universe.

I didn't actually think of that. Yes you right you can only have a few numbers of tries. I think that when computers reach a point they can crack a private key that we will simple use the method you juts discussed.
You can have a certain amount of attempts to get the private key right or you get locked out a certain amount of time. Satoshi is clever and has thought of all this though.

Lol not even the death star can brute force privatekeys Wink
724  Bitcoin / Bitcoin Discussion / Re: Bitcoin is better than gold and USD? on: June 12, 2019, 12:10:20 AM
Bitcoin will never hit $1M b/c it doesn't have the right economic nor developer infrastructure that is required to hit that kinda of valuation.

The Bitcoin protocol is 'stuck' in ideology. A 1st gen of the past. No tech in history has ever hit mainstream w/ that type of design.

Dash is in front in many aspects, but the volume is too low yet. When people start to realize $dash as the best alternative we will skyrocket from 0.018btc to 0.1 in few weeks. DASH is Digital Cash!


Bitcoin is not in idealogy? What are you talking about? It is useable and applicable right now.

Bitcoin, Gold, and USD are different in every way, but the only thing they are similar is that they gain/lose their value from time to time. However, for now, as cryptomarkets are still in an unstable situation because of regulations, Gold and USD are still dominating our financial market. However, we as crypto believers, we know that one day Bitcoin will be used and will consider as currency by all of the countries.

Bitcoin doesn't need to dominate the market in order to be applicable. It already is. It has proven itself again and again. It is just in development and like everything it will be updated in time.
725  Bitcoin / Bitcoin Discussion / Re: Bitcoin will be legally accepted in every country in the next 10 years? on: June 11, 2019, 11:59:34 PM
It will be great news but how sure are we this is feasible. We are struggling with regulation for now and we are here talking about it been legalised in all countries. For me, if government finds ways to regulate crypto thn 10yrs is too far for me

Why do you want to regulate something decetralized?

In the next 10 years to come btc must have gain greater adoption than it has already gain at present, before now not many people where involved in cryptocurrency but with every passing day more people are coming in to the ecosystem, many online and offline merchants now accept btc for transaction, btc has evolved for the past decades and will continue on that part,
Btc awareness has increase so will it's acceptance, it may not be every country but certainly a greater part of the world would have accepted btc by then.


I am pretty sure all countries at least have somewhere you can spend bitcoins at. Even thrid world countries are adopting it and it can be used for certain things. This is the power of bitcoin, anyone from anywhere can utilize the power of the blockchain even if they live in the middle of nowhere. (so long as they have internet)
726  Bitcoin / Bitcoin Discussion / Re: crypto banned? on: June 11, 2019, 10:52:00 PM
Government bans cryptocurrencies for following reasons :-

1. They are afraid of the power it's giving people
2. People are using it for illegal activities and government is not able to control it
3. They want to bring their own cryptocurrencies
4. People are hiding behind it to save them from paying taxes

Etc...

Whatever they are doing , they are just making it more likely that people will use more underhanded methods to use it.
More reason behind that for sure and maybe those big companies are also controlling the government and influence the decision of the government to ban bitcoin and other cryptocurrency especially the BANKS.

They can't stop this market anymore, many countries make this legal and they are good enough to influence the whole world in the future.

1. True, they do hate to lose power, don't they?
2. This is bs and just an excuse just like the stupid drug laws they use to imprison people.
3. Hmmmm.... not so sure about that, they might fear it too much but a government issues crypto may be one solution to paying tax.
4. Same as 2, yes another lame ass excuse to push laws on people. Criminals don't just move money around as currency they move cars,boats, drugs boats and cars full of drugs, counterfeit items hell anything they can invest in and lie to the government about. Fake companies that do not exist and things like that. It would be a bit more difficult to launder money or make fake companies if every transaction is recorded, eventually, the criminal will make a mistake. So they whole "crypto is good for criminals is bs" crypto is good for everyone this obvious includes bad people too. Bad people alwayas take advantage of new technology.

To that I want to add some governments piss away tax money and that is theft. You work your arse off to pay tax to the government and then the road outside your house has holes in it?? Utter bs.
727  Economy / Economics / Re: Does engaging with bitcoins put you at risk? on: June 11, 2019, 10:42:58 PM
Living life is a gamble within itself. Not sure what you trying to prove or say.

Also risking your life and reputation is maybe the way some want to live. It is a rush. People chase rushes. Hell I chase rushes. The feeling you get when you moments away from deat hare ixxilirating.
Just like with crypto, the risk factor attracts me. Risk it all or risk nothing. Go all in. Or like master Yoda says. "Do or do not. no try"
728  Economy / Economics / Re: The Continuous Printing of Money on: June 11, 2019, 10:39:35 PM
All you need to do is look at what happened to Germany during WW2 and what happened to zimbabwe a few years ago. Maybe at first, it seems like a good idea until hyper inflation and then you trading a wheelbarrow full of money for some milk and bread.

I read the article and didn't see anyone compare this to cocaine or cannabis. Comparing printing money as being addictive as cocaine is ridiculous. Why listen to some fool who compares cannabis to cocaine in the first place.
729  Bitcoin / Bitcoin Discussion / Re: Bitcoin will be junk/trash after ban in 2 big countries on: June 11, 2019, 10:30:54 PM
this is bad news.  the decision of the Chinese and Indian governments will make BTC's popularity fall.  I know that China and India have different reasons when they ban BTC.  but i believe.  Crypto users will have many ways to make BTC legal.  maybe demonstrations can make the Indian government change their decisions.

I think it will make bitcoin even more popular. Like when you tell a child not to touch something they almost bound to touch it. In fact, if you ask a child not to touch something consider it broken. Making things illegal has never slowed down its supply but it sure has increased its value since there is a risk factor involved. Even if they make mining illegal, you will still find illegal mining operations and currencies. You may even see a rise to Indian and Chinese made currencies to stand in resistance. 
730  Bitcoin / Bitcoin Discussion / Re: Why I hate Banks and love Bitcoin :-> on: June 11, 2019, 10:27:48 PM
To be fair transaction's speed/fees aren't that much issue for me because where I live, it's cheap in overall but banking system is absolutely suited on making people poor by how much percentages in overall they have on different services, how high % they have on loans in some countries, how they block your account in seconds for some reasons and etc. Bitcoin is great because you own and manage your wallet, no one can control your movements and you feel secure where your money is in your hands and not in banks' hands. Another great bonus is cheap fees and high speed of transaction confirmation + a lot of services have integrated instant deposit which makes bitcoin more unique and affordable compared to any banking service. In overall this coin is great creation and deal to get rid of banks.

Yes. They take their time when things don't work for you but as soon as you owe then they on it like flies to shit. The banks use such horrible tactics. Tempting people to use credit cards and take out credit to get into nice debt to pay back to them at 21% whilst their prime rate is 11% they only offer like 5-6% annual and you can knock off 1% depending on how much total funds you have since they love to charge for everything.
When bank debt orders bounce the charge $7 a pop. (Ok I am not really against that since if you owe someone money you must pay) but I am pretty sure they like when it bounces, since they profit and it just adds up for the next month. Or as you say they simply block your account and that is where I have a problem. Your funds could be frozen at any time for any reason. I really dislike being in that position.

I don't even use a banking credit card only debt. I don't even want to entertain the risk of temptation to spend what I do not have. Unless it's bitcoins  Wink
731  Bitcoin / Bitcoin Discussion / Re: Beating down the U.S. Dollar on: June 11, 2019, 08:56:31 PM
BITCOIN  exist with no intention on beating down other currencies, bitcoin was being design to become one of the fast and reliable payment for any transaction and hassle free and its still keeps on developing, or shall we say soon bitcoin is the other side of USD, most trusted and most valuable currencies as of today.

I think you right and bitcoin was designed as an alternative to using government issues funds so that is outside their control and in the peoples. Bitcoin is not trying to convert people, rather people arrive at their own accord. There a few too many that think of bitcoin as stocks rather than currency though. These are unbelievers and really have no place in the world of crypto
732  Economy / Speculation / Re: Is 1 Bitcoin equal to half million USD? on: June 11, 2019, 08:48:49 PM
In my opinion, such a comparison makes no sense. Why did you decide to equate the amount of money supply in dollars to the total supply in bitcoins? Why such a comparison can not be made to the euro, yuan, or other currency? And what is the practical meaning of this comparison? There is no relationship between the volume of money supply of any state and the volume of cryptocurrency.

The OP is not comparing. The OP is using USD as an example for their idea. They are rather comparing the volume with the % of the currency owned. Not the volume of fiat to the volume of crypto.
It is a fair idea the OP has. They are talking about the currencies divisibility.
733  Bitcoin / Bitcoin Discussion / Re: My reasoning why Bitcoin could collapse (soon) .. privatekeys/publickeys on: June 11, 2019, 07:36:09 PM
Oh gosh....    Cheesy

Criminals can't even brute force or crack a 3 or 4 digit code to open the door to peoples houses so how on earth will they do what you say? People still use passwords to unlock their door or main gate. If brute forcing was so easy then surely criminals could create some sort of device to crack a 4 digit number? Yet they have not. SO if they can't do that and we do not have to be paranoid about people gaining access to our property then why should we be paranoid of something that is 25 characters long or 12 secret words?

You should be more paranoid that there is a bomb under your car each day before you go to work. Also like others have said if they could do this then banks would be in serious trouble.
734  Bitcoin / Bitcoin Discussion / Re: How 18-year old boy became Millionare from Bitcoin on: June 11, 2019, 07:05:05 PM
This really talks to me. Damn. I got teary reading this. My best part is this "I say if you do not become a millionaire in the next 10 years, then it’s your own fault." It is so so so true.
You want to make it in life? You gotta push hard. Take control!!. Be a monster and release the beast!! So many times we blame a million other things when we are the ones in charge of what happens and no one else.

I was very upset because I had enough money to buy 10 bitcoins a long time ago with money my gran gave me. I had nothing to do with it and wanted to invest it in bitcoin. I was spoken out of it but I shouldn't have listened. Later on I did need the money but I wish I just bought bitcoin and forgot about it. The quote a repeated above makes me feel like I still have a second chance and that I shouldn't give up.
I missed a life-changing event. Should I give up? Never!! Life changing events happen all around us. This makes me want to try even harder and this time get it right, learn from my mistakes and forgive myself.
I won't let it happen again. Yet I still feel the sting, I wouldn't need to work right now if I had just followed through my plan.

You never know the future though so maybe I am much too hard on myself Sad
735  Bitcoin / Bitcoin Discussion / Re: Is this how we regulate Bitcoin? on: June 11, 2019, 06:57:44 PM
You cannot regulate something that has been made decentralized. "we can police our own" this is a much better idea. I don't want the law anywhere near crypto. We can take care of this ourselves.
People know the risks of getting into crypto. It is very risky business not for the faint-hearted. If you don't like it you don't have to take part. Stop blaming the criminals only. Do you think criminals would exist if noone fed them? As long as idiots are willing to give over their heard earned crypto to scammers nothing will change. (I am excluding advanced scams since anyone can fall for these though only like 1% of scams are advanced)
When people still fall for cloud mining scams because of their own greed its their fault and if they keep doing that scammers will keep coming.

People must arm themselves with education instead of relying on "regulations" or the "law"
If you cannot protect yourself without the need for the law you are either a fool or a coward.
You don't go into the minefield of the crypto universe without being armed. It's just asking for it. Like most things education is key.

It is very simple. You either educate yourself or do not. The latter is more likely to cause financial loss and people should be doing everything they can to protect their assets/currency/valuables/stocks or whatever it is.
736  Alternate cryptocurrencies / Altcoin Discussion / Re: the bullshit of stable coins ** There is no such thing as a stable coins on: June 11, 2019, 06:48:54 PM

see you in 5 years ...fuck sorry for the people which listen to clowns like you becuase they in deep shit if they cannot figure by them self where and why and how much put money....


Don't get mad.
We have different views here about crypto currencies. Let us respect them and maybe they will learn their lessons one day.

I am also against those stable coins and in fact I have never used any even once.
I still for ETH to BTC and vice versa. Never thru USDT or whatever stable freakish coin it is.

Yes, in time this will all be a scam. We just dont know when. Good for those who made profits using it. I applause them for making it even with the risk that is bound to it.
For those who still havent used it, please stay that way. Never support this kind of manipulated coins just because of FOMO.
Yes I agree with you we all have different opinion and people would learn from their experience,
So why not just let them do what they want OP is just giving out his/her opinion.
The only stable crypto for me would be Dogecoin 😂.

Can one of you please explain so that I and other can see it, what in the hell is a stable coin? How does it remain "stable"? I have heard of usd tether and stuff but how does the price remain the same?
I am not sure I want a stable coin though. I think I prefer it being volatile like a rollercoaster ride. Maybe stable coins that give interest per year like 10%-20% then that would be a nice stable investment (probably) so that might be a good idea.
737  Bitcoin / Bitcoin Discussion / Re: Beating down the U.S. Dollar on: June 11, 2019, 04:02:41 AM
Bitcoin will not be able to replace fiat, at least not at its current capacity. There is still a lot of things to fix before bitcoin can be used as easily as we use fiat now.

It is better used as an alternative to dollar or fiat than a replacement. As broken as dollar or fiat is, bitcoin still cannot be used to replace it.

Not right now no. But.... it already is a global currency with no ties to any one country and thus can be accepted anywhere. This has never been done. Currency value has always depended on the culture of the country and how they deal with their economy. Bitcoin is much broader so it makes sense it is volatile right now. Just give it some time we need new adopters and I am sure the halving will make an impact too.
738  Bitcoin / Development & Technical Discussion / Re: Full node on a Smartphone on: June 11, 2019, 03:58:37 AM
I don't see the point of this. You could just buy a 24/7 server pc~

that is definitely a viable option that many are using but you still can't compare it with running a node on your own device because that way you have full control but when you run your node on a third party server you are still relying on them and you may not even have any privacy using some of these services.

Oh sorry, I guess I should have been more specific. I meant a server computer under your own control. Such as someplace in your home tucked away. Even better would be raspberry pi.
It uses very little energy compared to a pc and is much cheaper. You could even run a full blockchain instead of just a pruned one.

I agree with you about using third-party servers. Definitely don't wnt to do that.
739  Bitcoin / Development & Technical Discussion / Re: Full node on a Smartphone on: June 10, 2019, 11:43:02 PM
I don't see the point of this. You could just buy a 24/7 server pc and never have to worry about the internet connection being on or not and you can run a full node with constant power and you will know it will not lose power. You can just control it through an app on the phone. Using the phone as a server is stupid. Use the phone as a control point so everything is central. I really don't see this happening.
It's ridiculous. This might only work well in very isolated areas that desperately need MN.
740  Bitcoin / Bitcoin Discussion / Re: crypto banned? on: June 10, 2019, 11:37:02 PM
It is nothing but FUD to muddy the waters. Crypto is fairly new to the government still. They are unsure about how it will work. It is not like there is that many using crypto. There are so few
people using crypto for it to be a threat to them yet but I guess they want to prepare.
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