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7641  Bitcoin / Bitcoin Discussion / Re: Ex-CIA Director Proved Bitcoin Use in Illicit or Crime to be disprove on: April 14, 2021, 01:10:26 PM
I guess the weight of this research is given by the fact that it comes from a man who was in high positions in that agency, and everyone knows how powerful that agency is, and that it has access to all possible data. However, it should be emphasized that his career in the agency was at its peak from 2010 to 2013, and that after that he devoted himself to some other jobs. Interestingly, it was he who was in the role of daily intelligence briefer at the time of the 2001 attacks and that he was among the first to blame Al-Qaeda for the attacks.

As for his research, it is quite logical that anyone who wants to look at things objectively will come to the same conclusion - unless from the beginning he has the goal of constructing lies and presenting them that way. Today's criminals prefer cash because it's the most effective way to cover their tracks, and I think most are still technically quite incapable of using Bitcoin at all.
7642  Other / Beginners & Help / Re: $5000 in BTC giveaway! on: April 14, 2021, 12:42:58 PM
I'm dead serious about the $5000 and would appreciate any help If I was you I'd participate with only 15 retweets so far the odds look really good to win.

If you think this can help, I've been very happy to support you on Twitter no matter what reward you offer - I just never want to be in a similar situation, especially at a time when time is literally money. I don't know, sometimes it seems to me that there is a lot of amateurism when it comes to crypto services - or that they are so damn stingy that they don't want to hire additional staff in customer support.
7643  Economy / Speculation / Re: Bitcoin at $1 million this cycle really possible? on: April 14, 2021, 11:12:16 AM
If Amazon invested a tonne into Bitcoin, and announced that Bitcoin could be used to purchase anything on their platforms, then that would likely increase the price by quite a lot.

I guess everyone is waiting for Amazon's move, at least I got that impression here on the forum, but also in various media that cite it as the next big thing. Although Amazon is one of the biggest players in the world, I don't believe that their investment in BTC (if it were in the Tesla range) would make a bigger shift in terms of price - probably $10 000 to $15 000 in the short term. Even if BTC were added to their platform as a means of payment I don’t believe a lot of people would use it because most still don’t use it as a currency but for trading and as a store of value.



100k I find it more of a certainty, 200k close to the same but once we're adding hundreds of thousands to each coin and 2 trillion in the total market for each bracket things get messy. I wouldn't exclude it but at the same time if this happens I don't think 1 million then will be equal to 1 million now.

I agree, a lot of money a lot of problems and more risk. All is well as the uptrend continues, as if no one is thinking about time when the trend will reverse - we may have begun to believe that this time it will be different? Of course, $1 million will not have the same purchasing power now and in 10 years - especially if the helicopter money policy continues.
7644  Bitcoin / Electrum / Re: Windows installation errors when trying to update Electrum wallet. on: April 14, 2021, 10:47:47 AM
Are you working on Windows 7 or any of the old versions?

I looked at the OP post history, and he really used Windows 7 last year, so it’s possible he has that same OS now. What is the problem now are the Electrum versions above 4.0.0 that don't seem to work on W7, and in addition to the update that is in the post from khaled0111, it is possible that his OS does not yet have some key updates like the Microsoft.net framework.

I suggest OP to look at the next thread as well, because the problem is similar to his and maybe some of the tips will help him too.

Can't run Electrum (different versions)
7645  Economy / Scam Accusations / Re: [Warning] Fake Chipmixer website on: April 14, 2021, 10:29:07 AM
Google has always been a let down exactly when it mattered but speaking of hosting namecheap abuse department has gone deaf completely...

I had the impression that Google was doing this pretty well considering I had personally seen the results in a browser that showed a deceptive site for at least 90% of what I personally reported (like many others of course). Either they have introduced some new criteria by which they work, or they have trouble understanding what it is all about - I put a link to the original site in each report, so I don't understand how intelligent someone needs to be to see what is original and what is false.

And when it comes to hosting, I have the same experiences as you - I never even got feedback from them about anything - so I think their message is pretty clear - profit comes first, everything else is less important.
7646  Economy / Scam Accusations / Re: [Warning] Fake Chipmixer website on: April 13, 2021, 02:07:05 PM
I checked all the fake links from OP and none were blocked and marked as a deceptive site, really weird because I personally reported each of them to Google a little less than 2 months ago. What else to say but that someone is not doing their job, or that reports stay unhandled because they don’t understand what a mixer is and what the difference is between a legitimate and a fake version.

I will try again, but I will also contact the hosting service and send a ticket to their abuse support.
7647  Bitcoin / Electrum / Re: Windows installation errors when trying to update Electrum wallet. on: April 13, 2021, 01:30:48 PM
mjammer, It would help if you could write about what exactly the errors are, this way we can only guess what the problem is. It's possible that you haven't really updated your OS for too long, so try installing Electrum after you do that. Also check that some of the security software is not blocking the installation (your antivirus).



Hope your computer also have enough memory space for the wallet installation space.

I wouldn't say that the problem is the lack of disk space, because Electrum is not demanding on that issue - although let the OP check if it is really left on less than 100 MB of disk.
7648  Economy / Speculation / Re: I just realized I'm 99.9% crypto and 0.1% in fiat on: April 13, 2021, 01:11:46 PM
In my case, 80% is in crypto, which is definitely risky - but I don't prefer to have more cash than I need for all the basic necessities of life - and keeping cash in banks doesn't make sense to me at all. In addition, I can always sell crypto if I need it, so I am convinced that the risk that crypto has is well worth it.



Damn. That's quite a huge allocation on miners. Tell you what, I know a dude that's interested in buying bitcoin mined outside of China.

I may be wrong, but philipma1957 is mining some altcoins - at least that's how it seemed to me from his posts - but I don't understand why anyone would differentiate between virgin coins from China and from anywhere else, they are still virgin coins. When I looked at the context it became clear to me, but I consider it one big nonsense.
7649  Economy / Economics / Re: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’ on: April 13, 2021, 12:51:16 PM
Nothing surprises me anymore when it comes to MicroStrategy - so I wouldn't be surprised if the company name changes to BitcoinStrategy, which of course would make sense if you go all in to BTC Cool

It’s impressive to see someone really believe in something, but I still wonder if there’s any insurance in case the past repeats itself - and that, say, a 50% or more correction happens? I'm actually wondering how the company will behave in that case, will it sell part of BTC or maybe all of it?
7650  Economy / Speculation / Re: Bitcoin at $1 million this cycle really possible? on: April 13, 2021, 12:38:25 PM
I honestly don’t get people who are constantly asking questions that don’t make too much sense at the moment - and that’s exactly “when BTC $1 million - or is that even possible?”. For all those who ask the same question, where do you think all the money that will pump the price of x15 will come from?

In this cycle (assuming it lasts until the end of the year), we still need to be much more realistic and hope that the trend will continue - and although Bitcoin is unpredictable, for me success would be if the price reaches at least $100 000. $1 million for 1 BTC is something that may happen in the future, but for that price Bitcoin should be targeted by central banks and most of those who have gold today should replace it with BTC.

Central banks around the world are working to create their own digital currencies (CBDC), and there are still a lot of those golden bugs that consider gold too precious to replace it with anything else.
7651  Bitcoin / Bitcoin Discussion / Re: Cars That Can Be Purchased with Bitcoin on: April 13, 2021, 10:47:17 AM
I remember that several sellers in Japan made it possible to buy cars in late 2017 and early 2018, one of the most famous was certainly L'Operaio, and more on that can be read here Japanese Luxury Car Dealer To Accept BTC As Payment Option Through BitFlyer Exchange. Also when it comes to Japan, we should mention another company that specializes in the sale of used cars, and in 2017 it announced Bitcoin as a method of payment - Japanese used car company Idom to support bitcoin payments.

One interesting fact that some may not have heard of, but at the end of last year the first car in Croatia that was paid with Bitcoin was sold - I'm not sure if it is the first in this area of Europe, but it is certainly the only one I know of.
7652  Bitcoin / Electrum / Re: transfer fee rate how much ? on: April 13, 2021, 10:12:50 AM
network99, to get started change unit from mBTC to BTC to make it easier for you to better understand some things - and if something hasn't changed in the new versions of Electrum, that option should be in Tools -> Preferences -> Appearance -> Change Base unit from.

1 mBTC = 0.00100000 BTC, so you have 0.00814385 BTC in your wallet, and the fee you would charge is very low, so you could expect your transaction to not be confirmed within a reasonable time.

At this point you need to pay 70 sats/vbyte for your transaction to enter the next block (although even that is not 100%). To find out how optimal the fee is, it's best to look at the state of the mempool on a page like this Johoe's Bitcoin Mempool Statistics. Here you can see how much you have to pay for your transaction to be confirmed in the next block, or for 2, 3 or more blocks.
7653  Other / Beginners & Help / Re: $5000 in BTC giveaway! on: April 13, 2021, 09:51:04 AM
UnknownBTC, although to everyone in a similar situation 2 weeks seems like as eternity, you have to understand that online customer support is something that is generally very slow, especially in everything related to cryptocurrencies - because you can see that we are in a time of big bull run. My advice to you is to be patient for at least 2 more weeks in which you can try to attract their attention on social networks - but try to be polite and not aggravate the situation even more.

As you wrote in the Reddit post, their TOS gives them the right to do such things - but I still hope that you will be able to get your funds as soon as possible.
7654  Other / Beginners & Help / Re: Security Measures to prevent getting hacked? on: April 12, 2021, 03:53:16 PM
Malwarebytes found spyware called AzorUlt on my PC a couple months ago which makes me paranoid about security. Fortunately it was found and removed before it could do any harm to me.

Did you use the free or premium version of MB? The premium version has proactive protection and actually protects you from everything in its database, and it is always better to prevent infecting the system than to remove the infection, which is sometimes almost impossible.

- use a good anti-virus program such as Avast or AVG and antimalware program Malwarebytes to scan your devices regularly
- use more secure internet browser like Avast or AVG

I would disagree with you when it comes to Avast or AVG, both companies have been proven to collect data from their users and sell it to interested parties - but what else to expect from software that is free? If you want a somewhat good AV, I suggest not using the ones that are free. As for the browser, my recommendation is Firefox with uBlock Origin, which will be enough unless you want a higher level of privacy - in which case Tor is a great option.

https://www.ibtimes.sg/avast-avg-antivirus-allegedly-gleaned-user-data-sold-it-industry-biggies-including-microsoft-38420
7655  Bitcoin / Bitcoin Discussion / Re: Bitcoin costs on: April 12, 2021, 02:37:45 PM
~snip~

For shopping in physical stores, paying with BTC can really be problematic in terms of the time a customer would have to wait to receive the first confirmation if he didn’t pay a fee that would guarantee him confirmation in the next block - but even that means waiting time can be 10 minutes and even up to 50 minutes (which happened to me once when the distance between the blocks was just that long).

This could be solved with the implementation of Lightning Network, but I don't believe it's something the average user can use without difficulty at the moment.

There are some altcoins that have a 0% fee and instant confirmation, so if you really want to pay a coffee/juice with crypto you can always reach for these alternatives - of course they must be supported at the point of sale.
7656  Other / Beginners & Help / Re: Market capitalization of crypto approaches forex market capitalization on: April 12, 2021, 02:11:57 PM
...while majority of altcoins have fake supplies that are never entering circulation many of which printed out of thin air as premine even for top shitcoins such as ETH and XRP which makes their market cap fake.

If you only got 100 satoshi every time you tried to explain the crypto market cap to someone, you would surely be a rich man today Wink

It is clear to all of us that people have a tendency to play with numbers, and that they are particularly fascinated by large numbers - but if I asked 100 ordinary people on the street to define a trillion as a number, I believe most would not know how to do it. If anything can be manipulated in the crypto world, it's the market cap, and with all those shitcoins sprouting like mushrooms after rain, I'm actually surprised that the figure isn't more than just $2 trillion.
7657  Bitcoin / Bitcoin Discussion / Re: “Bitcoin is the laughing stock of our firm” on: April 12, 2021, 10:36:05 AM
It’s completely wrong to think that someone has to change their mind just because Bitcoin is worth $60 000 today, and 8 years ago it was worth a few hundred dollars. It’s not a matter of price or blockchain, such people will always find a reason to have a negative opinion - some people are just like that and will never change their mind.

I personally know people who consider Bitcoin a scam which will fail sooner or later, they thought so 5 years ago, and they think so today - and when they ask me what’s going on with BTC, I tell them it really failed - time is too precious to we spend it on such people. The only difference that may exist then and now may be in their subconscious, before they really believed it was a scam, today they don't really believe it anymore, but they try to keep the idea alive - it's easier than admitting that they were wrong.

After all, how many of these nocoiners are paid to shill the existing financial system?
7658  Other / Meta / Re: New report feature? - Good, bad, unhandled reports on: April 12, 2021, 09:46:37 AM
So if we stopped actively reporting for a year for instance, the list would be blank I assume?

That's right, I already wrote this in my previous post - every user who has access to this option only sees what they have reported in the past 30 days. This is designed to give us insight only into recent reports, and not into the overall report history which becomes irrelevant over time. It also makes sense, because if something is not handled in the first 30 days after the report, it is almost certain that it will remain unhandled forever, the same as reports marked as bad.
7659  Economy / Economics / Re: Biden infrastructure investment - got it right? on: April 12, 2021, 09:36:57 AM
China is going to win the battle against the United States and it won't be long now.

I find it hilarious that so many people here think that China can overtake the USA that easily. If it was that simple, they would have achieved it ages ago, but it isn't.

Do you think such battles take place in a short period of time? Well, here we are talking about decades of policies in both countries, which are already showing their results - but that does not mean that someone will beat someone economically tomorrow or in a few years. The strength that China has is primarily that their policy is constant - because the Communist Party adapts, but never deviates from a firm determination of strategy - and can anyone even compare the policies of the former and current US president, or the one who was president before them?

Some facts you should know about China, in addition to the ones I wrote in a previous post.

China has been the world's largest economy since 2014 when measured by Purchasing Power Parity, which is said to be the most accurate measure of an economy's true size. It has been the second largest by nominal GDP since 2010, which rely on fluctuating market exchange rates. An official forecast states that China will become the world's largest economy in nominal GDP by 2028. Historically, China was one of the world's foremost economic powers for most of the two millennia from the 1st until the 19th century.

The country has natural resources with an estimated worth of $23 trillion, 90% of which are coal and rare earth metals. China also has the world's largest total banking sector assets of around $45.838 trillion (309.41 trillion CNY) with $42.063 trillion in total deposits and other liabilities. China is the largest recipient of foreign direct investment in the world as of 2020, receiving inflows of $163 billion. It has the second largest outward foreign direct investment, at US$136.91 billion for 2019 alone, following Japan at US$226.65 billion for the same period. As of 2018, China was first in the world in total number of billionaires and second in millionaires – there were 658 Chinese billionaires and 3.5 million millionaires. China has the world's largest foreign-exchange reserves worth $3.1 trillion, but if the foreign assets of China's state-owned commercial banks are included, the value of China's reserves rises to nearly $4 trillion.

This is only a small part of the impressive statistics that show that China is already ahead of the US in many things, it is only a matter of time before it will definitely become the world's leading power - much to the displeasure of many who fear it.
7660  Bitcoin / Press / Re: 2021-4-9 Bloomberg - Bitcoin is displacing gold as an inflation hedge on: April 12, 2021, 09:03:22 AM
I hope he will read you and to go listen those songs  Grin

I sincerely doubt it, because when a man writes about some serious things, he should at least be able to be intelligent enough to use search engines or visit YT. Yet I don’t think he meant literally that no one wrote a song about Bitcoin, but that it wasn’t done by one of the famous singers, or at least known to him.

On gold, I wouldn't be so strict since we all know that bitcoin can be considered a digital form of gold. They share many characteristics with the main difference being the fact that with bitcoin you can carry as many of them as you want. With gold, well, that's tricky. Cool

There are already countless discussions about everything that is and is not common to gold, silver and Bitcoin - but I personally think that they have very little in common. First of all, Bitcoin has a max supply which makes it very attractive to invest because we all know in advance what will happen in this regard in the next 100 years. On the other hand, no one can say with certainty how much gold has been mined so far and how much is still there on planet Earth, and how much is there anywhere else in space.

If the plans to start commercial mining of gold and other minerals/metals from asteroids in the next 50 years really come true, what will happen to the price of gold?
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