I reckon the privacy aspect of bitcoin will be a cat and mouse game that always ends with the cat tracing the transactions.
For now, sure. But let's not completely underestimate what kind of innovation the developers can do to help Bitcoin's privacy sometime in the future.
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Yea, I really don't think it has something to do with Libra. It's pretty much just Facebook's version of Twitch's Bits. I assume this system is just implemented to prevent donation chargebacks(because PayPal). https://www.twitch.tv/bits
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What do you think of this? Will some ethical hackers stepping and developed a tool if possible?
Definitely, there will be developers that will be interested with that huge amount in the table. But if you are a real bitcoiner, you shouldn't help the government break LN. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) . Given enough money in exchange, I can almost guarantee that probably even the biggest bitcoin and privacy advocate could easily give in to the offer. The privacy aspect of Bitcoin and cryptocurrencies in general will be a cat and mouse game.
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You forgot to mention paypal, credit card, online fiat etc. Government only trust e-money pegged by their fiat with par 1:1. Many government even banned Bitcoin on their country (e.g. Pakistan, Bangladesh, Nepal [1]) and I don't think any government will adopt and use Bitcoin, especially Bitcoin is high risk due to high volatility.
I completely agree that there are other easier to use cashless payment methods. But a certain country's government doesn't necessarily need to adopt bitcoin or bitcoin to be completely legalized; what's mostly just needed is Bitcoin to not be illegal.
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I would recommend to read Bitcoin whitepaper rather than blog/press or youtube videos because most of them doesn't really complete to explain what bitcoin it is. Now bitcoin.org already listed 31 new language [1] , it will help for those people who didn't really understand on English language.
[1] https://bitcoin.org/en/bitcoin-paperI actually disagree with this. I wouldn't be surprised if a typical non-techie person would be turned off if he/she asks about Bitcoin and we just present the whitepaper. There are other far easier to understand articles out there that are better fit for the masses, like this one(in my opinion): https://www.coindesk.com/learn
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There are already decent books like Andreas Antonopoulos' The Internet of Money. Though I still think YouTube and internet research is the way to go as it's safe to assume that the majority prefer using the internet over reading physical books.
Also, the difficulty of understanding Bitcoin and cryptocurrencies completely depends on what aspect(technical, economical, etc) a certain person is actually trying to understand.
Lastly, let's not forget that the concept of having a decentralized non-custodial currency is really really new, hence don't expect people to grasp the concept easily. In the first place, it's safe to assume that most people don't even understand how money in general works, what more a quite-new invention like Bitcoin.
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It's going to be a disaster really in a matter of months or years at last. And if that isn't bad enough, the entire world's economy will be affected by it. On the other hand, I guess it's great that at least we're some of the few who've locked in a quite safe position.. safer than fiat anyway, considering all the events.
I'm no economics expert, but I think the effects would be felt years and years down the road, while some people are sort of "celebrating" right now due to the "free" (at least some of them think it is) money. Feel free to correct me if I'm wrong though. And yea, I also think I might be in a safe position(at least safer than the people who doesn't have assets) due to my holdings, but damn a lot of people are screwed.
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Can anyone explain why the $1,200 check wasn't included and what are the chances that it will be included in the next proposal?
Will they be printing more fiat to distribute another round of $1,200s? If so, it's like saying the market needs more fiat to pump bitcoin.
Looks like you misunderstood it. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) The $1,200 stimulus checks will continue because the new proposed stimulus bill without the $1,200 checks was rejected via senate vote. So yes, they're printing more money.
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Really most likely good news for bitcoin and the stock markets, and I don't think I can blame the US Federal Reserve for wanting to print more money, but damn the potential repercussions for the non-investing lower class.
As for bitcoin.. it looks like it will continue to be quite correlated to the S&P500.
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logical ... I also believe that when there was a panic over the release of 51% of the total bitcoin supply, I think it only resulted in a sudden drop in prices. The chart will show us some very steep descents. this could be a nightmare for holders, and a beautiful dream for newcomers. Holders only have the option to hold back and emotion to wait for the price to recover upwards again ... it may take a little longer, but the aftermath is, the development of bitcoin will be even better because the inventor can become the sun for the whole bitcoin family.
1. I completely doubt Satoshi had around 51% of the total supply. 2. If someone would market dump 51% of the total supply(though it's obviously a stupid move even if a certain person plan on selling everything), chances are, the price drop is just going to be temporary, and the sold bitcoin would just be redistributed to a huge number of people(which is good). 3. I doubt the development of bitcoin will be "better"; simply because I'm guessing a significant number of the developers are paid in BTC.
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Many of the countries on this list are those where the rule of law is weak and and the countries themselves are often plagued by endemic and systematic corruption and /or Hyper inflation and it is exactly these sort of place where i think bitcoin is needed most and will do the most good for the general people.
Ehh. Bittrex is mostly used for trading altcoins anyway, not necessarily a platform where people purchase bitcoin. Not that much of a bad news in my book as most of these countries can still use other platforms.
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I agree that adding the '=' might help the BBCode beginners understand things easier, but I don't see this as something major. But if it isn't difficult to change, then why not? Because the URL BBCode is made to be used with an anchor text.
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PETER SCHIFF
" Its better to buy REAL GOLD than FOOLS GOLD "
I would listen, Peter is one of the smartest guys on the planet...
I'm not going to say that Peter Schiff isn't smart(because I think he is), but if you like taking investment advice for a new technological asset from a person that barely understands technology, then you do you.
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How sure are you that they deliberately tried to destroy your SEO rankings, and not them simply underperforming or messing something up? There's a huge difference between the two.
Also, whatever the Indian government's opinion on Bitcoin is, we can't assume that it will be the same for the people of India. I don't think there's any reason for the people to hate on Bitcoin to the point that they would actually try to destroy Bitcoin-related businesses that hired them.
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But somehow, the forum's active members can be counted by a single person in an hour
You're overly exaggerating. and the good quality posters also decreased (as some of users also had lost hope in the forum after the implementation of Merits and the less signature campaigns that opened for their ranks)
If they were actually really "good quality posters", they wouldn't have lost hope or have any problems with earning merits.
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people are expecting next year that Bitcoin will surpass it's all time high a year after the halving,
It doesn't matter what people expect to happen. The market will move based on supply and demand. the past records show that Bitcoin always hit a record high a year after the halving what if it go the other way instead of making another all time high it only hit $15000
"Past performance is no guarantee of future results." what will be your motivation as a holdler, trader and investor?
I'm a long term investor. Bitcoin at sub all-time high prices are just accumulation opportunities.
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Thank you for sharing, too bad I'm not an application developer ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) I'm only from webmaster ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Just a heads up: You don't necessarily need to be a developer to be able to test and contribute to the project. All you need is time to test the functionalities of the website and report the bugs; and that's pretty much it. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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Sometime in 2016 I deposited 0.01 BTC into a "cloud mining" website knowing fully that it was very very likely to be a scam. Why did I deposit 0.01 BTC to that site?
1. I had literally ZERO responsibilities in 2016; I could go crazy with my money and I wouldn't be affected much in the short-term. 2. For shits and giggles. 3. That 0.01 BTC was like $10 back then lol. (though now the 0.01 BTC is worth approximately $100 so I regret it quite slightly)
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IMO, it poses no danger to Ledger's keys.
Yeap, not that much risk(as far as I know) since you verify the transaction details on the Ledger device itself anyway. But I was referring to actually using this wallet for generating and actually storing the keys(and not just making transactions like when connecting a hardware wallet to it).
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