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One of the main advantages of hardware wallets, is you generate the private keys securely on the hardware enclosure; without internet connection, and without potentially having malware around. Meaning, compared to when you generated private keys on your computer or phone, the private keys could have possibly been leaked due to these computer/mobile devices being online. Generating the private keys on your computer/phone and then importing it on the hardware wallet totally defeats this purpose.
Here's an analogy: it's like cooking food(generating private keys) in a dirty hospital where people are coughing and such(computer/mobile device), and then putting the cooked food on a 100% clean glass container to keep the food clean even though the food might have already been infected(importing potentially leaked private keys on a hardware wallet).
Might not be the best analogy, but you hopefully get what I mean.
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I've just tried it and I'm not sure from where (or how) does BTCPay pulls the 'recommended fees' that they're displaying on the payment page but it seems like they're overestimating it (unless it's done on purpose). Tried it just an hour ago. They're definitely overestimating the fees, recommending me 44.5sats/b even when I checked fee estimators and 15sats/b would suffice(used 25sats/b instead just to be sure and it pretty much confirmed in less than half an hour). With that said, the fee recommendation is of course not the reason why I prefer BTCPay. |
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The idea of "crypto ebay" isn't something brand new. You can buy different goods with Bitcoin now. For example, Purse.io is probably the most popular solution for buying on Amazon.com using Bitcoin. Overstock and Newegg also accept Bitcoin.
Those are definitely alternatives if you want to pay with bitcoin, but it's safe to assume that OP is asking for a platform that accepts bitcoin in a seller's perspective as he's complaint is about the unprofitability due to the hefty fees. |
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Freakin finally. I'm a happy user of Namecheap and their BitPay bitcoin payment option is pretty much the only thing I hate about their platform. Hopefully other services could follow suit so I could stop converting BTC to USD just to pay for stuff online. EDIT: just tried it. feels good.  P.S. Fuck BitPay |
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However, It's legal in my country, but can't imagine me purchasing on the darknet, too many risk to receive weird thing like grass, or dried chives.
I'm really not sure how the darknet markets work as I've never tried purchasing or selling stuff there, but I'd assume that they also have some sort of reputation system there? So you could filter off the newer ones without feedback and simply use the highly reputable ones. |
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Ano balita sa mga lugar niyo? Ung nearby cities na katabi ng city na tinitirahan ko and ung probinsya na tinitirahan ko has been racking up on new COVID cases ulit in the past few days after having almost near-zero cases for weeks. Mejo naging komportable ata masyado mga tao samin na lumabas labas ulit; may mga barkada nga akong nakapag ilang inuman na sa mga bahay bahay.
(Please don't mention your specific city for personal privacy purposes)
Quick reminder: Apparently may distant relative kami na nagka COVID dahil lang sa mabilisang may kinausap na kaibigan somewhere sa labas. Paalala lang to take this crap seriously kahit na healthy tayo; dahil pwedeng pwede mapasa sa mga kasama natin sa bahay na matatanda. |
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It completely depends on the coin. If the coin has a low marketcap and low trading volume/liquidity, then it might be easy to pump it up by a decently effective shiller. But of course, these kinds of pumps aren't sustainable, and are almost guaranteed to crash back down. How much the Shilling usually makes coin Go Up?
It's not the same for every coin. It depends on a lot of factors. 100% in 24 hours is that true?
Possible. But then again, it depends. |
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Sadly after checking it out again a few months ago after not using it for years, it seems to still not get any decent traction. As expected, unfortunately having something to be decentralized or non-custodial significantly hurts the UX. |
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Who would bother buying $10 worth of Bitcoin, even in the most optimistic scenario you'll just get $500, but more realistically, you'll see $30-50 if you sell at the next top. You always need some decent starting capital to start investing, the share of these microinvestors is probably negligible compared to the rest. This isn't the early days anymore where you could have put a few dollars in and they would become hundreds of thousands of dollars years later.
Who would bother? A lot of people. Both who are actually passionate, and the ones that just simply FOMO'd. Yea but the point here is not about how much money you need to become a sort of "decent" or "effective" investor, it's that there are actually young people that buy bitcoin; that could potentially lead up to more bitcoin being bought by them once they actually have more money after growing up and getting jobs. |
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And since Bitcoin is very techy, of course most investors will be in 25-50 years old.
I'd broaden that number from like 17-50. Not younger, because young people have no money to be investors, not older because older people would have hard time understanding Bitcoin.
Agree on the latter, but as far as I know people can buy like $10 of bitcoin on famously used platforms like Coinbase and Cash App. You don't need a thousand dollars to be called an "investor". |
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Definitely noticed this too in the past few weeks. It became a habit for me to refresh certain subforums that I'm interested in, and I'm frequently ever-so-slightly disappointed to not see a new decent topic posted.
If my memory serves me right though, I think we had a decent spike up in activity in the first few weeks of the lockdowns? Correct me if I'm wrong.
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When an asset matures it moves from speculative volatile form to more stable investment, attracting people looking for a store of value with some profit on top. Bitcoin is old enough to become a real store of value after 10 years of constant presence on the market. I believe that this poll, although small, might be pointing out to a real situation on the market.
But bitcoin is still really speculative and volatile in it's current state though. A lot of bitcoiners(including me) just hold bitcoin because we're betting that it will be a stable hedge sometime in the future. |
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Correct me if I'm wrong, but buying stuff from the darknet markets isn't really illegal if you're purchasing stuff that's legal.. right? (assuming that CBD is actually legal in your country; did a quick Google search and apparently European countries has different legalities when talking about CBD).
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I expect instant centralization of nodes. Let me spin up a million of them in the cloud to grab that quarter million bucks per day.
Probably this. Especially knowing that running full nodes pretty much only mostly requires computer memory and internet bandwidth; it isn't farfetched to think that a lot of people would be running a lot of instances to incentivize themselves more. |
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Nah.
It's easier this for newbies to buy bitcoins. There's no exception new or old in crypto, everyone has the same opportunity of buying.
Well, it's much easier this time because more people are into it and has a set of multiple exchanges to opt to.
1. Not everyone is from the United States, or in any country where a platform such as Coinbase exists. 2. Not everyone has access to banks and Bitcoin ATMs. 3. Some countries has Bitcoin banned. |
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Agreed, this is why most of the social sciences are complete junk, questions about what people would do in an scenario that is brought up are useless since people will have the tendency to think the best of them and that they will execute actions that are reasonable and timely, in the case of a crash I am sure most of those that were interviewed will panic and sell their coins despite their plans of holding their coins for years and I am sure that if we interviewed them at that time they will give the excuse they had no other option but to sell their coins due to the circumstances they were in.
Don't get me wrong, I don't think that surveys like this are totally useless. They only can be effective when wanting to gain data on what people think, but not necessarily what people would do especially in certain situations like this because it doesn't factor in emotions like fear. |
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I said that especially because the step in which the manipulator would buy bitcoins is no longer mandatory, as they already have bitcoins, the one's people deposited. Not your keys....your bank's bitcoin!  So rather than taking power from the banks, you give them more. Hmm. Makes sense. That's definitely possible despite how highly highly reputable Kraken and Jesse Powell are. I still don't think that they'll be a literal crypto-bank where you give them custody over your conis though; I still think they created their own bank just to significantly decrease the complications of the processes they need to do with a typical crypto-skeptical bank. |
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I am sure that many of them hide the fact that they invest in crypto. This is plan b, after all.
When were talking about big public companies, they can't. Since most of these companies has investors, they'd have to publicize their financials, and their investors definitely deserve to know if a certain company they've invested in made a speculative bet. |
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It honestly doesn't improve my confidence for even the slightest.
Various people can claim that they will be holding their bitcoin for whatever amount of years and such, but then when the price drops enough to the point that it scared their asses off? They dump, saying that bitcoin is dead, or to "buy back lower".
I think it's better to look at how the bitcoin "bulls" acted in the last crash after the bull run, than listen to what they say.
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