I think you made a mistake because you congratulate LTU_btc, and you quote my post


That calculator would make sense before the merit system, but that variable is now key and activity means nothing without a sufficient number of merits.

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You're welcome

China has its place when it comes to mining and manufacturing mining equipment, but even that is slowly changing and we are seeing more and more decentralization in the area. This is definitely a good thing, because one of the reasons for distrust of Bitcoin is that there is a theory that it is controlled by China, and let's be honest - who likes that they have any influence at all, considering that they can ban the whole thing overnight.

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No one forbids others to do the same thing, except that some may be restricted by local laws and cannot freely invest in something like Bitcoin. It is also possible that we are just not informed that such investments are happening elsewhere, because public companies in the US have an obligation to disclose such things publicly.

What worries me about all these US-based companies is that we actually centralize huge amounts of BTC within one economy, by having the same BTC guarded by so-called crypto banks like Coinbase, which on the other hand have to play by their government's rules - which means that at any moment all these funds can be frozen for the reason that BTC can be marked as a threat to national security.

Maybe they would have sold if they hadn't already done so, because let's be realistic and admit that weak hands have capitulated even at half the price we have today. And I personally expected that the end of the year would end with a max 100% increase compared to halving which would be about $15k, but Bitcoin always knows how to prepare a real surprise.

Bitcoin that is definitely not for sale at the moment I would classify into three categories :

• What has been lost so far, and given that people are still prone to mistakes even today - in the first 5 years we are probably talking about millions that are no longer available.
• What long-term hodlers hold and do not want to sell at any price, because BTC is something they value more than anything else.
• What big investors have bought in the last 8-10 months and what is locked in some custodial cold wallets.

Although the above post applies primarily to Bitcoin Discussion, I think it can be applied to the rest of the forum. Anyone who creates a topic should first check to see if there is a similar one to prevent duplication, and it is also important that the topic opens in the appropriate board.

I would recommend anyone who wants to create quality topics to dedicate some time to reading and studying the forum before creating them - because they will surely learn some things and will not have to worry about the poor quality of what they will present.

The same people who made huge money at ICO during 2016/17 are now profiting again by selling the story of something new and revolutionary they called DeFi. People are definitely very forgetful, even when something bad happened just 3-4 years ago, and now they believe again that they will get rich overnight by investing in dubious projects.

I’m not going to say they’re all scam, but finding that small percentage who really have a real chance of succeeding is a challenging mission - few have the skills to do a good detective job and separate the good from the bad. It's pretty easy to recognize a BTC scam, anything that's too good to be true is a 100% scam - and my advice is to check everything first, don't invest in anything without finding out exactly what it's about.

Beautiful women who contact you via social media are 1000% fake, especially if they mention crypto investments - so if you can't resist the temptation, you better stay away from Telegram, FB, Twitter and similar platforms.

I personally think that the current price is just the beginning of what is yet to come, because each new ATH is significantly higher than the previous one.  Given that the previous bull run started in mid-2016 at $400 and ended in late 2017 with $20k, we are talking about even x50 growth over a period of 1.5 years. If we even assume that this time the growth will be lower, I still don't believe it's unrealistic to expect anything below x5 (last ATH $20k = $100k), but even x10 is not something to be surprised about if it happened.

Investing in Bitcoin has proven to be a great hedge in the long run, the facts are clear and indisputable - so I think it’s pretty stupid to sell at this point, unless there’s a need that requires it.

I keep wondering what all the other big world companies are waiting for, because everything that happens has to do with US based companies.  Except for one big UK company that has invested some significant funds, everything else that comes from outside the US is just dust - same as this investment of only some $60 million, although I guess it's just the beginning of an unknown amount (for me) that will be invested in BTC.

Interestingly, when I searched for information about Aker ASA, I first came across Aker Solutions that is affiliated with ASA - and it got a bad reputation during 2007 when Amnesty International accused it of participating in the construction and maintenance of the infamous Guantanamo Bay base where human rights are still being violated even today. When I read this, then we can say that part of this money is very dirty considering where it came from...

Good thinking, I didn't think that the PIN in the Ledger case is something that could be easily bypassed in such a case, and that it's much better to have a safer solution in the form of setting a temporary passphrase which, if I understood correctly, is not stored inside the secure element, and cannot be extracted by any method?

The bottom line is, in fact, that all possibilities and options should always be reconsidered, and that not all eggs should be kept in the same basket - in the sense that only one hardware wallet should be blindly believed.

LTU_btc, congratulations on your promotion, it was also time for you to become Legendary because I have to admit you were one of the few who were close to that rank before merits were introduced. I'm not a merit source, so I couldn't push you towards the goal more than I did - but I gave you support in this thread. I hope that this helped you at least a little


Source

You are talking about the period from the end of 2017, then we did not have SegWit and crypto exchanges did not mainly apply batch transactions. Given how much the price has gone up, the fees haven’t risen so drastically though - although the time of $0.10 for the fee is definitely behind us. The problem of large fees stems mainly from ignorance, because how to explain that at this point someone is paying 400 sat/byte, and for confirmation in the next block 50 sat/byte is enough

Everyone has their own strategy, but I don't think things will go so dramatically that the fee will be $70 + or that a big crash will happen overnight if something as dramatic as a pandemic doesn't happen.

Why after August? It makes no sense if we consider that ATH in the past always came 1 to 1.5 years after halving, and the math in that case is more than clear. It would be more logical if you wrote January 2022, because Q4 has historically been a very profitable month - and this year it has even more bull potential than 2017.

The problem with OP and those who can not wait for the correction and bear market is that they definitely live in the wrong year - 2020 -> 2021 is by no means what it was 2017 -> 2018.

The only legal way for IPTV is to buy it from your ISP provider (at least in my country), or to buy a Netflix subscription. Everything else is without a doubt illegal, but from the aspect of misdemeanor or criminal liability, the greatest responsibility is always on the one who provides the service (of course if he is ever caught).


It is always advisable to protect your identity, but sometimes such services significantly slow down the speed of our Internet connection - which is crucial for video streaming, especially HD content.

If such a vulnerability existed at the moment, don’t you think someone wouldn’t publish it? If no one else, then competition that would only profit because it would sell more of its products. Ledger has much bigger problems with allowing them to be hacked (database), so now every criminal in the world has at least 300 000 potential targets that can attack remotely (phishing), or in person in a way to plan a physical robbery or kidnapping.


Well, this is not a new vulnerability - at least 2 years have passed since it was made public, so anyone who has followed the crypto scene could react and protect themselves.


I don't know how things are with Trezor, but with Ledger it is possible to have 2 unique PINs, one of which unlocks exactly the account that is protected with passphrase. After all, the account protected with paraphrase is not something that should be accessed often - there should be most of the funds stored for long-term.

I understand the obsession of beginners and those who think they are late with investing in BTC with max supply, but although it is true that the last coin will be mined around the year 2140, in less than 10 years the percentage of mined coins will reach 99%, is that 1% or 210 000 BTC really that important?


I don't want to imagine what it would be like if Satoshi were an idiot who would create something that has a max supply of 21 trillion - do you even know the difference between a billion and a trillion? If this idea of yours had been implemented 12 years ago, Bitcoin would be worthless today and no one would mention it, because with so big max supply it would be worthless - even less valuable than Doge, which has a circulation supply of as much as 128 billion with unlimited max supply.


There are more than 100 forks of BTC, some really have huge max supply - why don't you try to put your idea into action so in 10 years you can see if you're right? Or maybe it is better to leave everything as Satoshi originally envisioned

If you have to act fast, each wallet will serve as a temporary solution to prevent someone from stealing your coins, there is not much to think about when it comes to the minutes that separate you from being robbed. An option that would be an alternative for me is definitely to have an extra account on your hardware device (same seed extended with strong passphrase) which can be accessed quickly with a secondary PIN (in case of Ledger).

jerry0, you have already asked similar questions, why don't you actually learn all the advantages of a hardware wallet? Make a new account with same seed, add passphrase and keep them separate, someone steals your seed and can't do anything without a password (passphrase).

There is no point in repeating ourselves, everything is explained to you in detail here -> 25th Word in Nano Ledger S

If someone has a thread in which they sell such things for months or even years, and it works without any reaction from the forum administration - why would it be different if someone puts links to the same content in their signature? A lot of what is sold on the forum is certainly at least in some gray zone, and there is definitely something that could very easily be characterized as illegal.

Some things like bank accounts and PayPal sold on the forum are considered hacked, but still leaving the possibility for the seller to explain their origin.

Of course, we are talking about investing in BTC and correlating with stimulus checks, the whole point is to try to conclude whether this helicopter money will affect the price as has been the case in the past. When you mention real gains, I know you're referring to the fact that it's better to invest in some altcoins that may increase three or four times in the same period - but even if you double your investment in the next 6 months, wouldn't that be a real gain?

Compared to investing in a bank account or putting it under a mattress, I wouldn’t agree that x3.3 falls into the category of worthless gains...

That number is certainly smaller, but it is impossible to determine exactly how many people actually own even the smallest part of BTC. There are always people who will never admit it in public, not even to their friends, which is of course very smart from a security point of view. Given that the price has gone up dramatically, I have no doubt that more and more owners will prefer to say they no longer own BTC.

And even if we have a real 2%, that is again a very small number if we take into account that almost 5 billion people have access to the Internet today - which means that we are very far from saying that a mass adaptation has taken place. In less than 10 years, 99% of BTC will be mined, but even before that period it will become increasingly difficult to buy BTC, because we need to know that large investors buy through OTC, and when they exhaust that market there is no doubt that they will have to buy where everyone else.

If there is any truth that we now have as much as 2% of the total world population, then it is an increase of as much as 100%, because as far back as I can remember a few years ago this figure ranged between 0.5% to a maximum of 1% of the world's population. If we add to that 2017 survey which showed that there are 2.9 to 5.8 million unique users, then we are really making progress in that regard.


A comparison with internet users generally only shows how fast technology is spreading, but you will surely agree that using the internet and using BTC is not the same thing. I think that the adaptation with BTC will be a bit slower, although it all depends on how much simpler and generally more accessible things will become. When people see big companies interested in BTC, then the public perception changes significantly - from money for internet criminals to something that Tesla or PayPal invest in.

It's never too late to invest in Bitcoin, it's just a question of whether someone believes in what they are investing, or it's all just a matter of short-term profit.

We who look at this from the sidelines, or rather from other parts of the world, might think that the US is indeed a promised land where money is literally falling from the sky🚁💸

Of course no one complains that they get checks, who would normally refuse free money - and let's be honest, who still cares that someone else will pay those debts, life is too short and what people mostly leave behind are debts and a ruined environment. It just shows that there are people who don't need such help, because who gambles with $1200 if they are hungry and need to pay their bills?

Impact on BTC? Of course, because if I remember correctly, payment analysis on a certain crypto exchanges, showed that the users actually deposit the identical amounts they received.