This sounds so much Jamie Dimon 2017...
At least he admitted lately that he was wrong. Let's see how long will she need for admitting that.. if ever...

I don't know what country is this about and your friend financial status, hence I'll treat this in the same I'd treat $5000, 50000$, ...

I have two advises here:
1. If your friend is not certain about what to do, better learn first. Make sure he knows what is he doing. Make sure he invest money he affords to lose. Make sure he won't freak out in the first 10% dump.
2. It's usually a good idea to buy smaller amounts over longer period of time. This makes your friend avoid buying the ATH (but he may also miss the dips).

All in all, maybe he starts now buying small amount and meanwhile he starts learning. This way even if he loses that money it won't be a big deal.
But if he buys smaller amounts at a time, he better doesn't withdraw every buy, to not pay too big withdrawal fees to the exchange.

Most miners work in pools. The network only sees the pools. So if you impose limits you'll only kill the solo miners.


There are plenty of industries on this world that could reduce carbon footprint and they don't. As long as this kind of electricity is delivered, it'll get consumed. I think that more focus should be on developing cleaner energy sources than pointing towards who is using what. As long as the miners don't steal that electricity, it's all worthless bla-bla.


And if there will be 100k proxies, what you solve?


The transaction time is based on rules that work the same for 10 miners or 10 billion miners. (The only problem is if the number of miners change hugely over rather short periods of times, but you don't care about that.)


The code can be changed if necessary, but since backward compatibility is kept, some will use the old version.
Also, as I tried to point out, your proposals don't seem to fix anything.


All the miners compete to find the next block by a pretty tough rule. This ensures Bitcoin's blockchain is basically unhackable.
And as I said, transaction time is decide by other rules. The transaction time is calculated in a way to stay as possible around 10 minutes no matter how many miners there are.

Not a stupid question at all. You better ask than actually do something stupid.
And such a move brings no benefit and can cause you bad surprises in the future, hence you better don't do it.

One direction is that it could help others cash in current or future forkcoins that wallet may contain.
And this being said, maybe you check and cash in yourself what you can. There are already posts in this thread about how to check for them or what to do next.

Although such a dump, as you also said, doesn't affect the price much, I'll ignore that part and answer like it would have meant a price drop.
The transaction fees don't rise when the price is big. The transaction fees rise when there are big price fluctuations. This means that a large dump has the potential of rising the fees.


I don't think that BCashers' website can be seen as a reliable source of info. It's more a click-bait site to get more users tricked to buy their altcoin.

Maybe I am late to the show, but I see that there's something not written here and may be of help.
Bitcoin is money. Searching for job should not be necessarily tied to Bitcoin or crypto, since it restricts the choices greatly.
This means that from any day job (or extra job!) you get you can convert (or not) the extra money into Bitcoin.

Imho you should not rely on a crypto job. You should do this kind of jobs in your free time, since they may or may not pay off (and in many cases you may be "paid" by donations).

Both previous answers do this nicely. You only have to put the missing zeroes in front of the result. If you cannot do that, keep searching.

That "literally" part is interesting. SpaceX was selected by NASA to get more humans to moon. I don't know how far or near that mission is, but... do they plan to put a dogecoin flag there, or is he only signaling that their lunar mission is rather close to be finalized?!

OK, I stand corrected. I didn't know you can pay with VISA and then get transferred via WU.


It's not dropping expectations, is more like facing the truth.
When LN (or similar) will be available, we will lead the game. Until then we should be aware of the problems such a decentralized database implementation (blockchain) has.
LN is an evolution imho. Not 100% ready for the public audience? Pretty bad. Sooner or later a proper second layer will be available. It has to.

A very good and honest miner that was not informed yet that a new block was mined will have his own chain with different last block. Or it can happen that 2 miners find a block in the same second and since both are relaying that, some will pick chain 1, some will pick chain 2. The "correct" chain will be the one with the fastest new next block.

Satoshi knew that you cannot rely onto the stability of the internet and his solution works great.
Bitcoin handles this by considering the longest chain as good. You seem to not care about this.


And what if the attacker broadcast his findings only when he knows that his chain is the longest?


As I said, unless I misunderstood something, all you do is confuse (more or less) the honest miners while not preventing anything related to 51% attack.
But maybe I missed something, so I'll wait for others' replies too.

The idea for the future should be to transfer such small amounts for really small fees and also almost instantly on Lightning Network and only the big money get transferred with the current methods (for example the money related to the LN channels' creation).
Unfortunately for those who want to transfer money fast and cheap too, LN is not yet widely used (it's considered to be Beta for now).

Keep in mind that mempool size alone can be misleading. There are still being added plenty of low fee transactions.
For my surprise (too) the last 3 blocks (671958..671960) have included transactions at 30-40 sat/vbyte.
The point is to watch a proper bitcoin fee related website too (https://mempool.space/ or the 3rd chart at https://jochen-hoenicke.de/queue) , not only the mempool size.

You seem to be forgetting that even honest miners can have short-lived chain splits now and then, it's a normal process, still, as soon as they find out of a longer chain they go there and the wrong chain is forgotten.
And I think that you are confusing attacking with the actual mining.

The attacker will not care about the others' consensus rules, he will go on on his own chain. He did not break any visible rule, he will add transactions to his own chain by the same rules. So as long as the attacker started from a valid block and goes on adding valid blocks to his own chain, in the moment it has the longest chain, he won and he will cause the shorter chain get "forgotten".



Your solution seems to mostly confuse honest miners than solve a problem (which should occur only in the low hashrate coins anyway).

Diversification is nice if you have enough assets, but especially XRP is imho not worthy for long term hold.


Make sure you have enough safe copies of the seed and make sure you understand that "when you absolutely have to" sell the crypto prices may also be bad. This means you better think on something else too, unrelated to cypto, you can maybe hold and sell in dark times, even if its price doesn't have so big potential to rise greatly over time.


Now you are getting greedy. I think that Bitcoin rise should be just fine, you should not risk into those. The insurance may cover the fiat value of your funds, with in Bitcoin terms is bad direction.


The business depends greatly on you. It's you who have to make sure the business is developing in the correct direction, it is started in the right location,... and you also have all the precautions (including overview on the interviews) to get the right employees. All this can easily lead to many sleepless nights. If you have the material for it, it can be something. I don't have the material, hence I will advise extreme caution. If you go into it, don't go "all in", keep some funds for the case if fails.


Make sure the property is properly insured 
It's not a bad idea overall, but this will mostly bring income to the bank and not you.
And it will be fun to see how can a bank (or similar) handle crypto as collateral.

Imho if you have the guts of a businessman you can do better real estate businesses, where you can actually earn more added value; one would be to buy land around smaller cities (not necessarily in USofA!), hire a proper team and actually build homes. In many countries it can be a better business than a liquor store.


All in all, if you have all it needs to a businessman, you can do better than these ideas. If you don't, you better diversify into safer assets too than crypto (for safer dark days) and wait. With some patience your wealth could grow pretty fast even without unnecessary risks.

You've just confused apples with oranges.
A blockchain cannot compete in speed with a centralized database (VISA). Whoever expects that has misunderstood... everything.

Bank transfer is different than card payment. National bank transfers take 1-3 days. International takes sometimes +1 day.
Intergalactic ones will be trickier unless faster than speed of light communication is developed so I won't take them into discussion for now, since blockchain will suffer from the same impediment.
Back to reality: just read about people trying to transfer fiat from their bank account (for example to Kraken) and wait for days.

OK, so let's say I want to go on with an attack and I have the computing power for it. Incredibly huge computing power.

I choose an existing block (10 blocks back in history) to start with. And I don't care that there are 2 hashes, I always pick the first. After certain time I reach to a longer chain than the official, hence the consensus will choose my chain to become the official one. I have just succeeded a 51% attack and I didn't care at all that there are 2 hashes there.

What did I miss?

I see here 2 possible misunderstandings:

1. Fast money transfer is not necessarily means within minutes. Although in this unlucky case it took rather long for that fee, it's still much faster than ... international bank transfers.

2. Appropriate fee is a tricky topic. The fee in Bitcoin depends on transaction size, network use and desired priority, and not on the value transferred. Since this rules make 220$ have the same "sending price" like 1,000,000$, it indeed makes Bitcoin not suitable right now for transferring rather small values at high priority.

Incep sa renunt si la chainflyer si sa trec pe blockchair. A fost mai greu, dar m-am dat si eu pe brazda  
Problema e ca nu am gasit pe chainflyer sa afiseze daca o tranzactie e RBF sau nu, pe cand pe blockchair este prezenta aceasta informatie.
Asa ca am votat si eu pana la urma. Pentru blockchair.  

Mi-ar fi placut ca block explorer-ul lui mempool sa fie mai curpinzator, ca are grafica mai placuta... dar poate alta data..



Edit: am corectat citarea, scuze

You are right. But if you go on this direction you'll be making too small difference between bitcoiner and bitcoinaire, hence the use of the word bitcoinaire be avoided and "more English" bitcoiner be used instead.
But I am not a linguist and I think that perception is more important than etymology. Maybe I am wrong with this too.

Thank you for the good laugh for the day 
Still, threads like this (and it's by far not alone) makes me believe that 'was not really everybody who were expecting this correction.