Many of those who work with Bitcoin have no idea about Bitcoin Halving.
But not on this forum, halving is like asking someone 'what is water' here. For example, halving means halving or halving means the price of bitcoin has dropped a lot
You are wrong, bitcoin halving specifically is when bitcoin block reward halves, in the process, bitcoin supply is reduced. It happens approximately every four years after another 210,000 blocks are mined. This is the simple points you supposed to clearly explain. If there is any mistake in this discussion, you will see it with forgiveness.
This forum is not for making mistakes, your works must be excellent, your posts must be authentic. |
|
|
|
From my perspective it's obvious that in next ten (10) years bitcoin will be centralised
Do not get this wrong, bitcoin is a decentralized currency, governments or any organization can not control bitcoin price, so it can not be centralized and can not be subjected to government manipulations. Even we did not know the identity of Satoshi Nakamoto who created bitcoin, he crated it to be decentralized and nothing can change that. Here comes the list of things bitcoin can purchase in next ten years without physical cash and it's called bitcoin vision 2030.
* Housing estate's
*companies
*car industry and private use
*importation of goods and service from different countries
* payment of worker's with bitcoin
* And also use for payment of shopping.
About housing estate, it is not yet common but in some countries now, bitcoin is used for this purpose. Bitcoin is also use for online and offline shopping and this is even common in developed countries. I get your point, you meant in the future, bitcoin will be more depended on. Yes you are right and bitcoin adoption and price will increase. |
|
|
|
|
There are many risks in trading or investing on shitcoins, I can still remember vividly when I invested on a shit coin that later became dead too, it is better to invest on strong coins like bitcoin that can not be pumped and dump in a way it will become dead because it has high marketcap. Infact, one of the most lucrative scam in vogue is pumping and dumping coins, new coins fall into this category. I checked about metaprediction coin online like five minutes ago, and I have fast noticed that it is just a pump and dump coin. Many investors and traders would have lost after buying the coin.
|
|
|
|
However, it would be nice if the ATMs are being installed in other nations instead of just USA
You are so right about this, a good example is Africa where there are less than 20 to 30 crypto ATMs, I noticed Europes are the next after North America. Asia, Australia and Africa needs to also adopt crypto ATMs the way North America and Europe did because this can also help in more bitcoin adotion and thebadoption of other cryptocurrencies the ATMs are supporting. |
|
|
|
I think you mean the Halving that already happened?
The next halving will be ETA 10 May 2024.... thats a long time, I sure hope Covid will be History by then!
The halving that happened in the middle of May 2020 kind of got overshadowed by Covid. No super high price bounce, but it wasnt about the price bounce for me, I was happy to see Bitcoin moving along.
Halving and covid 19 has nothing in relation, bitcoin halving is normal event in bitcoin circulatory supply, it occurs every four years, so far bitcoin is existing, covid 19 has no effect on bitcoin halving, it can only have effect on bitcoin price. And like you said, by 2024 which is the year for the next halving, covid 19 will be long gone and it will have no effect on the price as well. |
|
|
|
About miners going out of business is something we can't talk about presently, I don't know if POW will be erased entirely from ethereum blockchain, I've seen coins that has both POW and POS functioning on same network, all we can do is wait and see.
According to what ethereum platform are trying to do, it will use another algorithm entirely, there will be no more PoW but rather PoS for ethereum mining. We need to talk about this now and presently, because there is possibility that PoS will be the modern way of coin minimg. |
|
|
|
Things we need to avoid while storing the Private keys are - - Never keep your private keys/seed online.
- Never store the copy in a cloud, on pc or phone.
- Never print on a paper or take a photo of a seed.
We can store the seed using a paper wallet, the cheapest, and the best way to hide the seed. For stronger security, we can use Cryptosteel metal to store the seed. You are right, but nobody is disputing that here and this makes your post not to be online with the topic. There are different methods we can store private keys, I can encode my private key the way I like, but I will advise before to follow standard ways of encryption rather than brain work. |
|
|
|
It seems that they are actually even more activated now... Strange. But they'll stop soon after realizing that this isn't worth anything, and people will dump their tokens from 2 month era instantly. And with that inflation, the price won't recover.
The token has not yet been launched or so as I did not see it on coinmarketcap, it will be tradable by september, we can not just assume the token will not be profitable, not investment is required for it than to just post 20 times daily. And as for them losing posters, this can not be true, people have kept joining the forum. |
|
|
|
I completely agree with you, most of the airdrops have the same intention of collecting personal data through the KYC. Most of the users or newbies get attracted to the airdrops and give their data to such airdrops by expecting a reward, where they can sell that data and make money from it. So those airdrops asks for KYC never ever join them.
Some airdrops are not waste of time, some are not risky but they should be assummed risky, because, some contain links that can install malware into peoples devices, some will request for personal information that can lead to subsequent phishing attack even through impersonation in addition to email phishing. But there are still airdrops that are legit. The way to do it is to use phones or computers that have non of your sensitive information or wallets for the airdrop. |
|
|
|
|
Most new members are not willing to posting anything good, they are just here for money sake, that is why established members can correct them with hash words like this forum is not for money sake but for sharing knowledge. If a new member is hardworking, it will get how the forum works and rank up.
|
|
|
|
And according to the article mentioned in op, John Cantrell said in a one of his tweets that bitcoin is still safe. Really?
Protect your private key and seed phrase, avoid malware and still always be careful of hackers, use offline wallets, then bitcoin is safe. He succeeded to hack it using eight words from the 12 words seed when he admitted that this is possible using only five words. This doesn't look convincible for me.
If you do not use Shamir's Secret Sharing and part of the seed phrase words is revealed to hackers, then, the whole 12 words can be generated by the hackers, using 24 words seed phrase could be better but the whole seed phrase are still likely to be known to hackers if some of the words are known but with more difficulties. Noting that Mr John Cantrell have just said that he brute forced the missing words of the seed. So if this is really possible then say Goodbye to the whole bitcoin protocole as described by Satoshi.
Indeed, i don't think this is possible. And even so, this would cost much more than the hacker would get from accessing any wallet. As i don't think a wallet containing thousands of bitcoins would have its seed partially revealed even for a genius hacker.
I hope you get what I explained above, it is very possible to fully know the whole seed phrase words from just only knowing five or more words of the seed phrase but that does not mean bitcoin is not safe if you properly back up your seed phrase in a place not accessible to hackers and also to be careful of malware. |
|
|
|
1. Hackers can even hack an account not only by knowing their seed phrase, but sometimes, they don't know the details f the personal data such as password, phrase, PN, private key, and others. But, they are able to hack accounts. They are smart enough.
Your point is more centralized on exchanges and online wallets or hardware wallet with security vunirabilities, if talking about paper wallet or hardware wallet without security vulnerabilities, it will be difficult for hackers to get through. For example, I have my ledger nano s, ledger nano x or trezor one which are believe are the best hardware wallets, my private keys are totally offline, with that, I still make sure I operate it on devices that contain no malware, or assumed not to contain malware and still to be careful of anymalware attack that can change my wallet address to hackers address. All the address used are generated from xpub in a way my private key is always offline. So, how can hackers get through. How about using airgapped device, this way too, no malware can attack as my airgapped device is always offline and in no connection with anything that can results to malware installation. |
|
|
|
|
Ethereum 2.0 is somehow centalized, anyone that do not have 32 worth of ether will not receive any reward, which means only people that have enough funds will stake ether for reward, this could cause a drawback. Had it been everyone can stake and receive reward, it will be fine as many people will be attracted this way.
Also, issue of DApps and Difi to be affected is still under discussion that they will no longer be secure and safe but I think this will be solved.
About the ether price, I do not know if the price can skyrocket above $1000 early, I really doubt it but I know that one day ether price will worth more than $2000.
|
|
|
|
in my opinion binance is currently the best exchange is user friendly and has many features it should be at the top of the various exchange charts
According to coinmarketcap rating, binance is the number 1 exchanges but based on traffic, liquidity, trading volumes of spot markets. Some people do not know about this but only using the market capital rating alone. |
|
|
|
Escrow.
Funds will be on the escrow while the gift cards will be sent first to the buyer. The buyer will try the gift cards and if it's working then the escrow can release the funds to the owner of those gift cards. CMIIW.
There could be some other methods that can be worked on with the help of an escrow.
You are just so right, I have tried it on paxful before and it went well, on paxful and other exchmges that orobide esrow service, you will see a reputation or trust score, I sell or buy from people with positive reputation with no negattive one, and paxful itself will escrow the fund. Also on some sites like this forum, it is a thing that can be done successfully with the use of escrow as well. |
|
|
|
From companies in the future, I am sure that this currency will be used in the future to buy food, clothing and many other important goods in our daily life, but it is impossible to become the bitcoin currency Stable currency The thing that distinguishes this currency is the currency being decentralized and unstable
Bitcoin is used now to do a lot of transactions, it is used to pay for purchase of goods and services, used to pay in hotels and dancing bars etc. Did you people just think bitcoin is the third largest payment method in Italy, which mean it is used even for daily purchase in such country. There are some countries that are even using cryptocurrencies like normal fiat for transactions since some years back, good examples are Slovenia and many other European countries. |
|
|
|
|
I have few lists of bitcoin wallets.
1. The bitcoin core wallet, this wallet can be difficult to use though because it is non-determistic, which means one address one private key, so, it needs regular backup, but it is one of the best.
2. Electrum wallet- the best bitcoin wallet
3. Coinomi
4. Atomic
5. Exodus- computer most sophisticated wallet
6. Mycelium and few others.
But that said, the safest bitcoin wallets are paper and hardware wallets, for convenience, hardware wallets are preferable. Best hardware wallets are:
1. Larger nano
2. Trezor
3. Keepkey.
The wallets are safe but if not properly handled then no wallet is safe.
|
|
|
|
|
Everton: 0
Liverpool: 0
Today's match of everton vs liverpool was funny, I could no better it because Liverpool was away and they will win the EPL league for certain this season. They do not win but the 1 point draw is still something.
|
|
|
|
|
#Authentication Post
Type of campaign: Signature
Bitcointalk Username: Charles-Tim
ERC20 wallet address: 0xA7E56019d1ca4312dbe6458C4C8bA70A6d88ec28
|
|
|
|
|
Show Posts
