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7341  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Exchanges sell altcoins which doesn't exsist on: March 27, 2021, 09:28:25 PM
Do you agree with this idea? Example: X coin has 100M max supply and there are 50M supply circulating on it's network. They sell 50M+ coins year by year to people who wants to buy it. Imagine a bank gives credit (more money than the bank has) to costumers.

If I understand you well then you
1. Don't understand exchanges and the numbers they display
2. Don't understand banks and their operations

1. Exchanges.
The typical exchange doesn't sell their own money, they only match buyers and sellers' orders.
And since some do day trading, they will sell and buy and sell again and buy again the same and same coins for incredible number of times.
This means big volumes for the exchanges. If you also add the fact that most exchanges inflate their volumes... you'll get to huge numbers.
But no, they won't sell more coins than they have simply because they don't sell coins.

Of course, an exchange could play dirty games with the customers' coins from the cold storage, but that's the sure way to go out of business.

2. Banks do lend more money than they own. It's called fractional reserve banking and it's a common practice (legal too!).
7342  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 27, 2021, 06:55:04 PM


Future pics

I bought a laptop some years ago for 0.6BTC.
So I know how it feels.

Oh how I wish I was smarter than that.
7343  Other / Off-topic / Re: Formula E on: March 27, 2021, 02:22:13 PM
Do you usually follow Formula E?

As a Formula 1 fan I've watched (parts of) a couple Formula E re-runs last year. I liked them although I don't know all the rules yet. And clearly not the drivers/teams yet.
So maybe in another year I'll be able to give an opinion about drivers and teams  Wink
7344  Economy / Goods / Re: ~ Buying a TESLA CYBERTRUCK with BITCOIN ~ on: March 27, 2021, 02:14:33 PM
Historically, people have purchased a Ferrari as a sign of their wealth from bitcoin.

Interesting and unexpected. I've read so many times "when Lambo?" and not at all "when Ferrari?"
I know of guys buying cars for Bitcoin especially in the winter of 2017/2018, but I don't know rich people, these guys bought normal city cars.


January 20th, 2020 - I placed my preorder for the Tesla Cybertruck

Although it's not the Tesla I'd prefer, it's the first post I read about Tesla that will be bought with bitcoin.
Is there any estimation on when will they deliver your truck?
7345  Bitcoin / Wallet software / Re: Which wallets offer the lowest transaction fees to send BTC ? on: March 27, 2021, 01:48:59 PM
What are the typical fees for sending BTC ?

There's no such thing as typical fee.

You either allow the wallet pick the fee for you, either look at a website like https://mempool.space/ (like it was said a good number of times already) and pick a fee based on what are the "current" fees at the time of looking, how fast you want the transaction confirmed and if you are in/close to week-end or not (since in week-ends the fees tend to be a bit lower)

Since you don't know all this, I suggest you keep an eye on that website for a good number of times (at different hours/days) until you understand. And you can also ask more exact questions in case you didn't.


And for the question about wallets, I'd choose one that allows you RBF, coin control and choosing the fee by hand.
7346  Economy / Gambling discussion / Re: Can someone explain how next roll prediction works please? on: March 27, 2021, 01:01:32 PM
I'm looking to understand how Bitcoin casinos work and how next roll game predictions work?

Bitcoin is a relatively new thing and it can be very difficult to understand. There are literally casinos popping up now...

If anyone has any information on it, it would be much appreciated.

I believe that you are mixing up things badly.
Bitcoin is money. Just imagine it as another country's currency, to keep it simple for yourself.
There are plenty of online casinos popping up over the world. Some use Bitcoin, some use VISA. No big deal.

Now, I'm not sure what you mean by "next roll game prediction" and I'm not sure if that's related to Bitcoin. Some casinos rely on (more or less) random numbers for their picks, some casinos may rely on something related to Bitcoin's blockchain (next block hash) but that's so seldom I don't think it's what you mean.

All in all, please ask more exactly what you wan to know.
7347  Alternate cryptocurrencies / Altcoin Discussion / Re: Another NFT sold for huge $$$ ' A column of New York Times on: March 27, 2021, 12:51:44 PM
How is it any different than bitcoin? I don’t see a difference between the price of bitcoin and the price of NFTs. They both seem high and speculative.

I do see a difference. There will never be more than 21M bitcoin. As of art and NFTs, imho anything can be art and anything can be under a NFT; this means basically infinite supply.
While some of those objects may worth the money, I also feel like NFT is just another hype that will fade out at some point.
7348  Bitcoin / Hardware wallets / Re: Trezor One vs Ledger Nano S-which one is safer? on: March 26, 2021, 06:36:44 PM
1.Which one is more secure when it comes to connecting to PC (i don't plan to use smartphones)?

2.What will happen if I have etc. Trezor and it get broken/lost/malfunctioned-can I still retrieve coins if that happens?

3.Can I get hacked if I connect them to infected PC or PC with bad Antivirus protection?

4.If either company (Trezor/Ledger) goes broke,what will happen with support and will i still be able to use them?

5.I prefer to be more safe once I'm connected to PC and I have less worries that someone will steal physical device,which one would you recommend then?

6.Which one has larger capacity for storing more coins?

7Which one is more future proof in long terms?

1. I think that they're both offer kinda same safety.
2. If something like that happens with the device and you don't want to buy another one, you can easily enter the seed into a software wallet (eg Electrum) and use the funds. The seed is the part you have to keep safe, maybe even in multiple places.
3. Not all viruses/malware "know" what to do. On a compromised computer the biggest problem may be a compromised wallet software (which you have to use together with the hardware wallet). But if you are not careful, you can download yourself a compromised wallet and the antivirus may not complain about it.
4. If they go down, the official support will also go down. But there's a large community of users here on bitcointalk and also on reddit and you may get help from the community. Keep in mind that the seed is more important than the hardware wallet.
5. I think that both are similar vs PC and I think that both have problems if somebody else gets physical access to them.
6. I don't know. It may be Nano X, but I don't know for sure.

I recommend you read [GUIDE] How to buy a Hardware Wallet the right way
7349  Economy / Reputation / Re: The shameful Romanian translation of Bitcoin white paper from Bitcoin.org on: March 26, 2021, 06:13:56 PM
All right. I've made a new issue. I've followed these steps, made my branch and made the pull request.
I hope that I've done everything right.

If anyone can check, it would be helpful. @NotATether ?  Smiley
If anyone can add some words to the issue, I don't know, it could also be helpful.
7350  Bitcoin / Bitcoin Discussion / Re: Satoshi Nakamoto's first post sale on: March 26, 2021, 12:02:37 PM
Imagine that Satoshi Nakamoto reappears and wants to auction his first Bitcoin Talk post as an NFT

Really?! You are dreaming that Satoshi himself will come and validate NFT by using it? This is a good one!  Grin Why on earth would he do that?!
No. I cannot imagine that. There's a line that if it's passed makes this kind of imagination get beyond reasonable. That's the line you have passed and I won't.
7351  Bitcoin / Bitcoin Technical Support / Re: Locate and remove Wallet.dat file on: March 26, 2021, 10:34:22 AM
After making a proper backup copy of the wallet.dat, if you want to make sure you won't have headaches in the (probably far) future, you may want to completely wipe out wallet.dat.
Doing this will make it unrecoverable, hence you will be able to scrape/sell that HDD at some point.

I recommend SDelete, since it's made by a company that was bought by Microsoft, hence you can be sure nothing shady goes on.
7352  Bitcoin / Development & Technical Discussion / Re: Can I use the Blockchain to store infinity messages? on: March 26, 2021, 08:26:56 AM
Why do so many people misunderstand blockchain, specifically decentralization?

Many people are not technical, don't know nor understand nor care about what's all that; for them it's some soft of magic with a buzz-word attached.
And since it's magic, it can be used for anything now, since it's trending.

Just to be clear, my intention is not to be mean, instead it's to show that different people do think different and we have to understand that and have the patience to explain, even if they may not have the patience to read or understand the explanations.


Videos are transferred great (the legal ones) along P2P torrents, I don't get why that isn't used more.

Also the illegal ones are transferred great. And those are the problem. Those made the officials put the "tied to illegal stuff" stamp to bittorrent protocol, making average Joe think twice before using it (and usually giving out).
7353  Other / Beginners & Help / Re: How to make online transactions? on: March 26, 2021, 08:17:08 AM
I have a bitcoin miner running 24/7, and I'm earning steady bitcoin

In order to get proper answers, please answer these questions:

[1] is your miner some hashrate bought at some cloud mining website?

If the answer is yes then:
a. There's a huge chance that you have been scammed and you will never see any of the coins they show you on the interface (maybe you should tell us what website it is to check and try to find out)
b. You need to install a wallet software (please ask about it separately) and, if a certain threshold is reached you'll withdraw to your wallet first; then you can spend.

[2] is your miner a hardware you own?
[3] is this hardware miner an ASIC or is it your computer?
[4] do you solo mine or you mine in a pool? if it's a pool, can you please state which pool it is?
[5] usually withdrawing from pools requires a thrashold to be met. Can you please tell the magnitude of your earnings? 0.1BTC, 0.001BTC? more? less? (please make sure it's BTC and not mBTC and such).

If you have BTC in the pool, you will need to install a wallet software and put your address somewhere in the pool settings for withdrawal. But again, in order to get there you'll need to know this or that about wallets too.
7354  Economy / Economics / Re: The Permanent Portfolio method by Harry Browne on: March 26, 2021, 07:46:40 AM
This is how the basics look like. Simple? Yes, that is the beauty of it. This type of portfolio have been tested in different countries, so it is not specific to US or other.

It indeed looks simple, but imho one has to have at least 500k, but most probably more than 1M USD worth of wealth in order to get even close of thinking to diversify like this.
But maybe I am wrong and then I am open to suggestions/ideas.
7355  Bitcoin / Bitcoin Discussion / Re: Government ban on crypto on: March 26, 2021, 07:22:57 AM
Answer

I don't know the context of the question, but your "answer" doesn't seem to answer it.
Indeed, the chance Bitcoin get banned by US government is slim. But the world is bigger than US and the question may be related to another/any government. And in that case, in the same way the internet is censored in many countries, Bitcoin can be (and I think it is!) banned by certain governments. But also "the trend" is towards adoption, not ban, so on the long term I am confident it will be allowed/accepted in every country.
7356  Bitcoin / Development & Technical Discussion / Re: Can I use the Blockchain to store infinity messages? on: March 26, 2021, 07:15:15 AM
It does not necessarily have to be bitcoin blockchain, that is the approach towards achieving web 3.0, in which blockchain will be used to store data like vidoes or any of such, rather than relying on centralized organizations.

If you are talking about projects like Storj, I don't think that the data is stored on the blockchain (although I don't know how it works).
I'd expect the blockchain only records transactions, like adding and removing files from the distributed cloud.
The blockchain, if done properly, doesn't allow past data to be changed. And that may not suitable for files. And that's expensive to store. Movies don't need all nodes store them.
7357  Bitcoin / Bitcoin Discussion / Re: Will the Lightning Network challenge VISA someday? on: March 25, 2021, 07:53:44 PM
the popularity of VISA cannot be doubted.

LN cannot compete with VISA, since VISA is centralized. Simple.
But it's not LN that's the main competitor at horizon for VISA/MC. It's the government issued stable coins. Those are to be coming soon and don't need this centralized service, since they'll have their own.
That's why VISA is trying hard to do something, anything, towards crypto. They need to innovate and adapt, else they'll be history soon and LN will "win" just by still existing.
7358  Other / Beginners & Help / Re: Some of the unspoken problems associated with bitcoin use. on: March 25, 2021, 07:25:49 PM
~

Your post re-opens things discussed over and over again.
If you would have had good intentions, you would have searched instead of opening a thread which I think it's intended to FUD and also to back-link a website you are associated with.

Your post shows that you have no idea what you are talking about. For example, how could developers handle the price volatility?!


Hats off to @Charles-Tim for the patience to explain this yet once again.
7359  Other / Meta / Re: Why do people beg on this forum? on: March 25, 2021, 07:14:33 PM
They keep begging money months now and I assume that they've received some satoshis, otherwise they wouldn't do it.

I think that they haven't. I've checked once or twice the wallets of the better "quality" stories I've found, sometimes after days, and they had not transactions at all.
I somehow think that the situation is different. I think that in certain circles the users of this forum are seen as brainless rich kids and the forum is seen (maybe because of all those airdrops of worthless tokens) as a place with easy to free money.
My view/theory covers the beggars, the people asking for no-collateral loans and all those attempting weak/un"polished" scams.


Don't forget to report the thread which are created for begging because which is against forum rules, the thread will be trashed and the user will be nuked for sure.

Doing that, but it doesn't seem to help much. I mean I know it helps, but these kids have more time than I do.



PS. Did any of you read the thread of that guy today basically asking about the 2010-2011-like faucets, since he wanted a couple of bitcoin for free?
7360  Bitcoin / Hardware wallets / Re: Case for Ledger Nano on: March 25, 2021, 07:04:03 PM
Imho this is irrelevant; at those temperatures, even if the capsule survives, you will find inside it some melted plastic/materials, not a hardware wallet you can use.
The point of capsule is waterproof storage.


This got me interested, can an aluminum case like this one be susceptible to electrical damage to the devices you put inside it? I'm not familiar how conductive aluminum is but from what I know hardware from PC can break  with just a little bit of static put into it. AFAIK hardware wallets don't have this kind of protection to electrical damage so I think its better to have non-conductive materials if you ever want to protect your hardware wallets.

Aluminum is conductive. And afaik that's fine, unless it touches something electrically charged.
And since there's no electrical contact between the case and the micro USB plug I don't know if any harm can be done. Maybe by big charges/currents. Or you are referring to protection to lightning and such?
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