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841  Bitcoin / Bitcoin Discussion / Re: My passion on bitcoin on: August 02, 2023, 11:03:36 AM
because bitcoin now is what that helps so many arms of people to control inflation rates in their countries,
Bitcoin cannot control inflation rate, that's what your government policies are put in place for. Bitcoin can help you escape inflation rate by using it as a hedge fund.

My fair in bitcoin is that nobody knows how many years it will last in earth or bitcoin will continue to exploit in future.
It will last for many more years. A verifiable protocol which is decentralized and deflationary has the potential to outlive even the current financial system.
842  Bitcoin / Bitcoin Discussion / Re: Bitcoin Is Not Crypto, The SEC Confirms on: August 02, 2023, 08:38:27 AM
Security =/= Crypto

Not being a security does not mean it's not a crypto. Bitcoin is a crypto cause it is decentralized but not a security so it's not directly regulated by the SEC.

Bitcoin, due to its decentralized nature, market cap, and lack of involvement by its founder, does not fit the criteria of a security according to them.
These are not the main factors that distinguishes Bitcoin from securities.
A security is an asset which tries to raise capital in exchange such as when a new token runs an IDO or ICO.
843  Bitcoin / Bitcoin Discussion / Re: How Much Bitcoin Does MicroStrategy Own In 2023? on: August 02, 2023, 05:20:15 AM
It seems Saylor's MicroStrategy has a total of 152,333BTC. That's around 0.73% of the entire Bitcoin supply,
The already rounded up that figure last month by adding another 467BTC to take their total.holdings up to 152,800BTC at an average price of,$29,672. So give or take they are still even on their investment and we are currently in a bear market, during a bullrun they are the best positioned to take profits. It will be interesting to see if they truly hold for 100 years or anything close to it as they first announced.

Here's a recap of their total business in Q2 of the year.
844  Other / Beginners & Help / Re: Even in escrow can get scammed :| on: August 01, 2023, 07:34:06 PM
i understand but by refusing escrow people start thinking i am a scammer ,
You are not refusing escrow but "the" escrow that was suggested cause you do not know them to trust that they will be honest through out the entire operation.
An escrow should be one that is known and trused by both parties.
845  Bitcoin / Bitcoin Discussion / Re: why bitcoin has 21million supply on: August 01, 2023, 04:36:59 PM
Firstly the Bitcoin total supply is not 21 million but is actually 20999999.9769BTC which is then rounded up to the closest whole figure which is 21 million.

Then to the reason for why ~21 million was chosen it was most likely just a random number which was the result of the aggregation of the coinbase rewards starting from 50BTC and then gradually getting halved every 210,000 blocks until we get to zero.

Check out this thread for more information - https://bitcointalk.org/index.php?topic=1090560.0
846  Bitcoin / Wallet software / Re: WARNING when using mobile device wallets (Android, iOS) on: August 01, 2023, 03:16:43 PM
I'm saying that if we don't trust Swiftkey which is owned by Microsoft, then we shouldn't trust stock Android (Google), stock Apple, stock Samsung and other keyboards.
As long as the keyboard can access your data and you cannot verify what they do with that data cause they are a close source service then you are at risk. It doesn't matter if it's a third party keyboard or a custom one, you don't trust; you should always verify what's going on.
847  Bitcoin / Development & Technical Discussion / Re: Proposal to Address Dormant Bitcoin:Recycling Lost Coins into the Mining Process on: July 31, 2023, 10:19:53 PM
What would happen if the owners recovered it's private key now or in the next years and suddenly woke up and moved some of its coins?  Huh Huh Huh Perhaps it would be Satoshi?
Perhaps you're asking if it will have an effect on the price.
100,000BTC is a huge chunk of the total 24hour trading volume. If a previously dormant wallet became active and sent them to an exchange address, it could influence the market slightly. If it was traded on an exchange and not done OTC it will also have an effect on the market.

But the influence will be short-lived and likely have a less than 1% impact on the price
848  Bitcoin / Bitcoin Discussion / Re: 51% attack on: July 31, 2023, 10:11:16 PM
I think you're right. If the people (individuals) started attacking the network at that time, then the adoption of Bitcoin could've been delayed, and we would be seeing a different market price of Bitcoin compared to now.
Bitcoin was attacked at the time, some of those attacks led to changes in the protocol and others were unsuccessful. A 51% attack will not have had a long term effect on the market price of Bitcoin, same way such an attack now will not have a long term effect.
In both cases it will have been far more profitable for such a miner to simply get new coins rather than attacking the network.
849  Bitcoin / Bitcoin Discussion / Re: First Bitcoin ETF got approved in Europe? Really on: July 31, 2023, 03:46:16 PM
Live or not we are not that interested about bitcoin ETF because it's another thing entirely outside the bitcoin network,
The price reaction the last time there was news about Bitcoin ETF showed that it influences traders and the market in general, if it's a big enough news.
The news about this ETF is under reported maybe cause it's 1 year late in its launch, and it is not going to have a similar impact on the Bitcoin price.
850  Bitcoin / Bitcoin Discussion / Re: 18, holding my bitcoin and looking forward :) on: July 31, 2023, 03:43:03 PM
Instead of putting a time frame to sell why not have a price target. Rather than planning to sell in Kate '24 or early '25 you can target when Bitcoin reaches $100k in value or more?

This is a suggestion cause the price does not always rise at the time we expect, as Bitcoin matures the cycle changes slightly to adjust to the newer investors and response from traders to market conditions.

If you guys have any tips , do let me know ...
The security of your Bitcoin is the most important factor;
• Do not store on an exchange
• Use an open source hardware wallet or software wallet on an airgapped device
• 1 BTC is a significant amount, you should not be telling strangers on the internet or offline how much Bitcoin you're worth.
• Have a savings plan - https://bitcointalk.org/index.php?topic=345065.0
851  Economy / Speculation / Re: Whats your faw indicator explaining BTC price up or down ? on: July 31, 2023, 03:29:54 PM
You are asking a trading question about what moves the price daily and influences little percentage difference in the price.
This should be asked in the Trading Discussion board.
852  Other / Beginners & Help / Re: How is your DCA solution? on: July 30, 2023, 06:29:47 PM
One solution is to save up your capital for a longer period of time before making a purchase. DCA does not have to be done every week or 2 weeks, you can do it every quarter in the year which will be every 3 months of even every 4 months.
You have enough to esave up and make larger purchases decreasing the overall fees paid.

I will recommend you use decentralized exchanges cause of the privacy they offer but I cannot recommend one which will save up on fees as you want.
853  Other / Beginners & Help / Re: Why bitcoin is the only cryptocurrency to be used as an investment asset on: July 26, 2023, 09:07:36 PM
Holding different types of altcoins does not count as diversification, that is simply gambling.

I think the only reason why Bitcoin is the most preferred Crypto to be used as an investment asset is the quantity of it being available in the market and the mathematics behind it.
That's definitely not the only reason. Scarcity supports value; so if an asset is valuable making it scarce can create more demand against supply. Scarcity alone can only bloat the price but cannot sustain it for a long period of time.

Also, the fact that it will take centuries to reach the 21 million digit is crazy. I can surely say that the 21,000,000th coin will never be mined.
It will take just over a hundred years for all bitcoins to be mined.
And the 21 millionth Bitcoin will be mined, it will only be a few days short.
854  Bitcoin / Bitcoin Discussion / Re: What if salaries were paid in BTC on: July 25, 2023, 08:15:37 PM
If this was done on a global scale it will be a positive for Bitcoin. It could also open the door to Bitcoin being valued of itself or by the amount of work one puts in to get sats instead of valuing it against fiat currencies.

We are a long way away from this happening and people being open to actually getting paid in Bitcoin without the need to convert it to local currencies inorder to spend it.
855  Other / Beginners & Help / Re: Smart Contract helps when shopping!? on: July 25, 2023, 07:06:46 PM
The idea would be a smart contract, where the buyer chose and paid for the product. After this procedure, the seller only received the purchase order, not knowing the transaction involved in that purchase. And in the case here of the forum, not even which user was.
The seller needs to receive the payment and if the buyer pays in BTC the seller will receive it in BTC typically.
The seller will know that buyer A does not want to reveal their payment methods, meaning they will likely be using a different one from the regular fiat transactions. This will pique the interest of the seller if they had dishonest intentions and they now have the address of the buyer.

Thus, the buyer never knew which payment method was used by that customer, becoming a normal purchase in any common online store.
The buyer will be sure that they did not use a centralized means of payment depending on what means they receive the final payment through.
856  Other / Meta / Re: Interesting watchlist behavior or bug?! on: July 24, 2023, 08:12:52 PM
Did you uncheck the option to automatically watch a topic after replying to them?
When typing a reply, go to Additional Options and uncheck "watch this topic" so it doesn't get automatically added into your watchlist.
857  Other / Beginners & Help / Re: Obtaining legitimate wallets to try and crack them? on: July 24, 2023, 08:05:09 PM
If you're looking for wallets that doesn't belong to you to try and crack, you will definitely be looking in the wrong places or on the dark side of the internet, meaning they are scams trying to rip you off. Even if you got legitimate wallet files you will still. It be able to crack them.

As suggested use that hashrate to try and mine bitcoins instead, you have a higher chance of earning.
858  Other / Beginners & Help / Re: Setting up an offline wallet on: July 24, 2023, 07:57:52 PM
the fact of allowing my Master Private Key be present in a computer that had, or will have, access to the internet, already introduces a vector of attack. 
The device could have been connected previously to the internet and you do a hard format on it to erase all previous data that was on it, this will work perfectly fine for a airgapped device, your job is to keep it offline going forward.

Creating an airgapped computer is quite difficult and a small mistake is fatal. You can lose your funds.

This forum is crowded about people who were hacked using offline/paper wallets, and they wouldn't be hacked using hardware wallets.
You do not have to be a professional and creating an airgapped device is not difficult, and a small mistake is not fatal either.
I have also not seen a long list of people hacked using offline wallets, I've not seen one even that was hacked. A paper wallet is different from an offline (airgapped) wallet.

Hardware wallets have problems (privacy, costs , closed source, etc) but they are SAFE.
You can insert your hardware wallet in an infected device and you will be safe. Viruss can't get your coins from your hw.
They are not SAFE if they re not private or closed source.

You can just buy a ledger or trezor wallet and you will not be hacked. Your btc will be safe and you will have peace of mind.
Those are poor choice for hardware wallets.
859  Bitcoin / Hardware wallets / Re: QR code scanning problems with air-gapped wall.et on: July 23, 2023, 07:39:07 PM
Have you tested if the webcam scans other QR codes fine? If it does not then the problem is from the webcam and you'll need to get a new one.
860  Bitcoin / Bitcoin Discussion / Re: Is Michael Saylor a modern apostle like Peter and Paul? on: July 23, 2023, 07:33:13 PM
This is just an investment, do not help the idea that the Bitcoin community is a cult on. We just resonate with the idea of freedom and decentralization.
Micheal Saylor is a guy who is looking after his investment, if Bitcoin rises in price, he profits, so it's only wise to help it on by using his influence.

If we are looking for those who advocated for Bitcoin and helped it to reach where it is today we should look further back to the early days (someone like Hal Finney) and the developers that helped keep everything functioning.
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