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741  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.
742  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.
743  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.





744  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.
745  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.
746  Bitcoin / Press / Re: [2019-12-18] Why Bitcoin Adoption May Spike if Australia’s Proposed “Cash Ban” A on: January 19, 2020, 10:37:47 AM
...
Seriously, who deas every day in cahs with more than 6000 euros?
...

The real question is not who does it, but why is it anyone else's business who does?  :-)  What gives one group the right to specify how you can live your life and who and how you deal with other people?  The anonymity of being able to use cash (vs more trackable payments) is an important component of liberty.  Just as the ability to publish an opinion anonymously is.  Hopefully more anonymity will come to fruition in bitcoin over time.
 
747  Bitcoin / Bitcoin Discussion / Re: Alternatives Like BTC Becomes Necessary As World Debt Reaches $253 Trillion on: January 19, 2020, 01:01:06 AM
What would you think about this guys? Do you honestly think Bitcoin is gonna be the best alternative choice in this situation?
As we predicted, world debt will continue to swell. But I don't really understand the purpose of Bitcoin as an alternative when world debt swells. We know that the Bitcoin utility can be an alternative payment and can deposit a value. But I still haven't gotten points about how and why Bitcoin is needed when the world is in debt. Can anyone explain?

To protect the value of your wealth (like PMs for example) when either central banks and governments inflate the currency to make the debt more manageable or allow one to escape currency controls if a particular country does that.

Bitcoin is an asset that smart people can use to protect themselves from the power at all costs people who are charging up debt that will never be able to be repaid without a huge inflationary period. Or a debt jubilee.  Either of which will damage whomever does that.
748  Bitcoin / Bitcoin Discussion / Re: Remember Hodlonaut? on: January 19, 2020, 12:55:36 AM
All he has to do is sign something to prove he is satoshi. It is obvious from the fact that he hasn’t done so for years and keeps getting called out for lying to a federal judge that he is unable to do so. That should’ve put an end to this years ago.

You know what's funny? The fact that we are still talking about him today despite the fact that we (sane people) know he is full of shit. This is what he is after. The BSV pump was just a pump to generate short term demand/liquidity to dump whatever the whole BSV camp minted but were unable to sell due to extremely thin order books.

I'm pretty sure that this wasn't the last pump that we have seen. It's a structural event mid-term flippers know of and hoard as many BSV coins as possible under $100 and just wait for the next pump.

Yeah, some of that though is to let people who haven't been following the insanity know what is going on. 😀
749  Bitcoin / Bitcoin Discussion / Re: Remember Hodlonaut? on: January 18, 2020, 09:16:46 PM
All he has to do is sign something to prove he is satoshi. It is obvious from the fact that he hasn’t done so for years and keeps getting called out for lying to a federal judge that he is unable to do so. That should’ve put an end to this years ago.

Not to mention the fact that satoshi went to great lengths to hide his identity and this is pretty much 180 degrees from that. Plus his behavior in all this mess is opposite the way he always behaved in email, message and forum posts.
750  Bitcoin / Press / Re: [2019-12-18] Why Bitcoin Adoption May Spike if Australia’s Proposed “Cash Ban” A on: January 15, 2020, 03:25:05 PM
If people massively switched to Bitcoin to avoid cash regulations, the government would quickly implement similar regulations with crypto. Exchanges and merchants would have to do KYC (many of them already do), and they would share financial data with the government. Some people would try to do p2p transactions, but this would be as illegal as these large cash transactions, and people wouldn't want to risk it.

The long term goal of bitcoin is to use it and stay in bitcoin.  Sure you might have KYC to buy, but once you have bitcoin, you use bitcoin and don't cash out.  With additional privacy additions to the bitcoin ecosystem then it would become much more difficult to track who is doing what.

Privacy is an important right, having some bureaucrat in government being able to track your every move and purchase isn't compatible with a free society which is many of the statist authoritarians goal.
751  Bitcoin / Press / Re: [2019-12-18] Why Bitcoin Adoption May Spike if Australia’s Proposed “Cash Ban” A on: January 15, 2020, 02:20:41 PM
...
Unfortunately, this will not trigger any crypto adoption, the guys that are affected by this will simp,y try to avoid the barriers by splitting payments and daily income, using bitcoin would live too many traces and they would need also their partners to deal in crypto. Maybe it will happen with a few as time passes but no mass adoption will be triggered because of this.


You are right.  In the US (and some other jurisdictions) that is known as "structuring" (31 CFR 1010.100 et seq.) and that in itself is illegal - e.g. if you do 10 cash deposits of $9500 each over 10 days or if you get 10 of your family members to do $9500 each etc.  Big brother wants to know who is doing what with whom and want to be able to control it, so if it isn't already illegal, governments will make it so soon enough.

752  Bitcoin / Press / Re: [2019-12-18] Why Bitcoin Adoption May Spike if Australia’s Proposed “Cash Ban” A on: January 14, 2020, 10:17:12 PM
I'm not so sure it will impact the global fiat price of bitcoin on its own as long as people think they need to cash out of bitcoin. The problem is that authoritarians the world over want to control people and this is another example of how they intend to do it.  Once people realize they could just buy bitcoin and stay in it, with upgrades to the protocol to enhance privacy, it would be a big win for liberty in the world.
753  Alternate cryptocurrencies / Altcoin Discussion / Re: [2019-01-13]Blockchain Jobs are in High Demand and Solidity Knowledge is Crucial on: January 13, 2020, 07:53:26 PM
Blockchain is well ahead of other crucial innovative technologies. Cloud computing, AI, and scientific computing are all in the top 10, but ranked much lower. That in itself goes to show how companies expect to evolve their business model in the near future.

https://fintoism.com/news/blockchain/blockchain-jobs-solidity-ethereum-linkedin/

Solidity?  Sure if you are working with ethereum.  For bitcoin and related cryptos, I think that there are much different skillsets required.  Ethereum is so centralized that I am not convinced it will survive long term.  With the combination of bitcoin and lightning, it will face challenges.
754  Bitcoin / Bitcoin Discussion / Re: Iran Buying Bitcoin’ Narrative Quashed by LocalBitcoins Data on: January 10, 2020, 12:05:45 PM
@cr1776. Do the storyboards influence the price or does the price create the storyboards? The bitcoin news media would say anything to capture our eyes and get our clicks hehe.

It is entertaintment, however.

Agreed and it may be a feedback loop.  Whatever gets clicks, no matter how inaccurate, is their goal.
755  Bitcoin / Bitcoin Discussion / Re: Discussions about ‘Iran buying Bitcoin’ are no longer valid on: January 08, 2020, 07:13:01 PM
The entire article is based on stupidity and hype from a clickbait source, just note the facts:
 
* In May 2019 Localbitcoins "officially shut off service for Iran-based users"  (https://www.coindesk.com/localbitcoins-bans-bitcoin-buying-in-iran-in-blow-to-rising-crypto-commerce ).
* Localbitcoins still says:  "Unfortunately LocalBitcoins is currently not available in your selected region. Please look for other location or come back later." whenever you click on the buy bitcoins in Iran.
* The article is quoting the trading volume IN Iranian rial.  NOT that takes place in Iran, but that is priced and transacted in the rial. And the author didn't understand the difference between them.  Are there many people outside Iran using the rial?  Sure, but not a lot it seems.

Inside Iran is the volume that matters because that is where people want to protect their wealth or where they want to convert the rial into something that can bypass capital and currency controls.  LocalBitcoins doesn't allow that right now.

No one is buying bitcoin inside Iran using localbitcoins because it is not allowed on the localbitcoins platform.  What is allowed is people using the rial to buy bitcoin if they are outside of Iran.

Without good data showing what is being bought and sold inside Iran (and even whether it is permitted) the statement that people are or are not purchasing bitcoin to protect in Iran their wealth isn't verifiable or falsifiable.  I don't doubt that IF localbitcoins was allowing transactions inside Iran, there would be many people attempting to convert their wealth into something that they can then take outside of Iran.

The entire article seems to be based on a complete misunderstanding of the information.
756  Bitcoin / Bitcoin Discussion / Re: Iran Buying Bitcoin’ Narrative Quashed by LocalBitcoins Data on: January 08, 2020, 07:09:29 PM
The entire article is based on stupidity and hype from a clickbait source, note the facts:
  
* In May 2019 Localbitcoins "officially shut off service for Iran-based users"  (https://www.coindesk.com/localbitcoins-bans-bitcoin-buying-in-iran-in-blow-to-rising-crypto-commerce ).

* Localbitcoins still says:  "Unfortunately LocalBitcoins is currently not available in your selected region. Please look for other location or come back later." whenever you click on the buy bitcoins in Iran.

* The article is quoting the trading volume IN Iranian rial.  NOT that takes place in Iran, but that is priced and transacted in the rial. And the author didn't understand the difference between them.  Are there many people outside Iran using the rial?  Sure, but not a lot it seems.

Inside Iran is the volume that matters because that is where people want to protect their wealth or where they want to convert the rial into something that can bypass capital and currency controls.  LocalBitcoins doesn't allow that right now.

As far as you "not [being] certain if the data from localbitcoins.com represents what the article is implying", you were right to be skeptical, it doesn't represent anything like what the article is implying.  No one is buying bitcoin inside Iran using localbitcoins because it is not allowed on the localbitcoins platform.  What is allowed is people using the rial to buy bitcoin if they are outside of Iran.

Without good data showing what is being bought and sold inside Iran (and even whether it is permitted) the statement that people are or are not purchasing bitcoin to protect in Iran their wealth isn't verifiable or falsifiable.  I don't doubt that IF localbitcoins was allowing transactions inside Iran, there would be many people attempting to convert their wealth into something that they can then take outside of Iran.

757  Economy / Speculation / Re: Will Bitcoin have a price increase before the halving like we saw in 2016? on: January 07, 2020, 11:27:14 PM
In 2016 the halving was early July.  Depending on the exchange, the price was as follows:

May 1, 2016 $453
June 1, 2016 $536
July 1, 2016 just before the halving $677

The price increased about 50% from May 1 to July 1 just before the halving event.

Should we expect something similar this time?

Expect, no. Possible and likely, yes.

Looking at the price 6 months before halvings and 12 months after has resulted in large fiat gains. Betting against it is a bad idea.

This year after the halving, there are more uses, more people aware of those uses, and a much smaller new supply as compared to the previous halvings. So more demand, less supply leads one to think it is likely the price will increase.
758  Bitcoin / Press / Re: [2020-01-04] New crisis in the Middle East: Good for bitcoin, bad for the world on: January 07, 2020, 07:55:32 PM
The last time i checked bitcoin was decentralized in nature while crisis in the Middle East is related to politics and i dont see that have to do with bitcoin price. Mind you, we're currently in a region where the crypto market are highly manipulated and it will be good if people dont misunderstand that as the reason behind the dump in price of bitcoin.
With that been said, crisis is not good but bad for us all and i hope two governments settle their dispute.

It can impact the fiat price of bitcoin because smart people in the region will want to protect their assets (if they haven’t already) from what is happening- confiscation, destruction, capital controls, currency controls and the like. More demand means a higher price all else being equal.
759  Bitcoin / Press / Re: [2020-01-04] New crisis in the Middle East: Good for bitcoin, bad for the world on: January 07, 2020, 03:31:50 PM
New crisis in the Middle East: Good for bitcoin, bad for the world

Bitcoin and oil prices soared early on Friday morning after US airstrikes killed a top Iranian commander. Could crypto’s correlation to geopolitics be in any more doubt?

Source: Decrypt.co

Actually, it seems to be the opposite, these events decrease the doubt that there is a correlation between bitcoin's fiat price and geopolitical turmoil.

Perhaps it should have said, "Could crypto’s correlation to geopolitics be in doubt any longer?"
760  Bitcoin / Press / Re: [2020-01-02] Tendayi Kapfidze : “Bitcoin is a Pyramid Scheme" on: January 02, 2020, 04:23:51 PM
The opinion by Tendayi Kapfidze is not unique. However, it is also a bit dubious. Based on his first statement, all investment markets are pyramid schemes. Investors benefit from others buying the same investment vehicles that they do. This applies to any and all markets, and isn’t unique to bitcoin.



https://fintoism.com/news/tendayi-kapfidze-bitcoin-is-a-pyramid-scheme-without-real-world-utility/

Who is Tendayi Kapfidze and why should we care?  Until now I'd never heard of him (economist at Lending Tree as it turns out), and he is the type who has been saying since bitcoin was $0.10 that it was a ponzi, pyramid scheme etc.

He neglects the fact that if something has value to someone else, then there is a market for that something and just because other people also later recognize that value does not mean it is a pyramid scheme.



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