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881  Economy / Economics / Re: PayPal becomes first major fintech to launch dollar-backed stablecoin on: August 09, 2023, 08:51:54 AM
It's PayPal, almost everyone is using this service and they also entrust their dollar to Paypal, what difference doesn't it make if they block someone's address? They are known to be very strict right from day one, any human complaining about this now is stupid, this is a stablecoin anyway, not a new type of Bitcoin.

I believe the current smart contract is much harsh because it will burn the frozen asset which means it’s not recoverable while frozen paypal account can be recover by followinf the help center resolution. Owning the pyUSD especially those whale will need to think twice because Paypal can freeze their assets and burns it.

I'm not sure how will Paypal deal with recovery on burn tokens but it's worst if the owner doesn't recover it.
Let's not jump into conclusion yet, I am sure this will have some dos and don't when they stable coin is in action, this same headache like you feel because of the burning of freeze asset is what many whales will be aware about, so I believe there will be some rules and regulation about this, that's if truly PayPal wants smart adoption for their stable coin, we will see what they throw at their users face as time goes on.

I have doubts that this will go well too but at least it will expand the awareness of crypto to other payment solutions out there, I know PayPal is trying to make money out of this but I am concentrating more on the benefits it will bring for Bitcoin and the whole blockchain ecosystem.
882  Economy / Economics / Re: PayPal becomes first major fintech to launch dollar-backed stablecoin on: August 08, 2023, 05:07:31 PM
Twitter is mad at the following:



Apparently, in PayPal USD the issuer can enter an “asset protection mode” and “block” and “seize” assets.
In addition to that it can raise the max issued limit without any problems.

A lot of criticism about these features: “Bitcoin has fixed max issuance”, “Not your Keys, not your coins", "transaction censorship!" "Central issuer attack vector!"


Well... what did you expect?
If PayPal just wanted a cheap, reliable, censorship-resistant way of allowing their customer to transfer economic value, they would have implemented... Lightning.


It's PayPal, almost everyone is using this service and they also entrust their dollar to Paypal, what difference doesn't it make if they block someone's address? They are known to be very strict right from day one, any human complaining about this now is stupid, this is a stablecoin anyway, not a new type of Bitcoin.

The biggest stablecoins in crypto are all centralized stable coins and people still use them, USDT freezes addresses too, so I am going to support this stable coin from Paypal, I don't see any difference between this and others.

883  Bitcoin / Bitcoin Discussion / Re: can Bitcoin provide food for our table on: August 08, 2023, 02:21:41 PM
Nothing is for free, you need to give Bitcoin something back in return before it can bring food on your table, you can't just hope for Bitcoin to do something if you are not a Bitcoin miner or trader or investor.

I'm going to say the truth, crypto is capable of bringing food to your table, I could remember when I was stacking a coin that brings me 5 percent per month, I was one of the early buyers so I got my hands on the coin for cheap price before many others, I enjoyed the reward for eight months before it started to go down as more people are stacking and the coin is also losing value.

If you are also creative online you can make a living out of anything crypto, many builders and developers are making life-changing money by helping projects to build, this is why skills development is very important for the technology future ahead.

Learn a skill.
884  Bitcoin / Bitcoin Discussion / Re: I lost my life savings trading Bitcoin Don't be like me. on: August 08, 2023, 12:33:14 PM
I am about to sound very harsh but I think you deserve it, you want to start trading you know nothing about trading then you decide to use all your life savings for trading, are you stupid or something? are you on drugs?

we are talking about your life saving here man, I'm starting not to believe this story of yours, i  don't think this is true I think you just made it up, just for topic-creating sake, you are just looking for attention or something, this can't be true, Life saving takes decades of savings and hard-working you can't just decide one day to start trading with all your life savings something you have been Gathering for the past years it is not possible..

I won't believe unless you show some facts through screenshots.
885  Economy / Economics / Re: Are short-term rentals to blame for the lack of housing? on: August 07, 2023, 06:21:21 PM
There is no room for tourists in my city, or country? I can't see what's happening in other states, I can only talk about what's happening around me, Some apartments are for the rich, and some are manageable for those who are just starting a family, it all depends on how much you are making.

There is a state in my country that is mainly targeted for tourism and businesses, Housing is very high in that area, and it's expected because of how money is flowing into the state economy every day, you just have to relocate if you can't afford your house rent, find another state with lower house rent.

It's better and more convenient to build your own house, it can be frustrating at times when you trying to move into a new apartment, the cost and also your business will be affected.
886  Economy / Economics / Re: How Long in Years Should I Wait Before I Close Down an Unprofitable Business on: August 07, 2023, 05:46:22 PM
It's heard to open a business in an undeveloped country, before you see customers that will buy from you it will be hard because the economy is very bad and people are mainly focusing on just surviving and eating food.

Environment has a bigger part to play with opening business in a certain location, always do your right findings before proceeding, your success rate develops on the situation of the country, state or location.

There is a different in leaving your country for another country to study or go to university, the quality are higher standards compare to local university in your countries.

If your country's situation is bad and you have a good business in mind, leave that country and travel to another good country to start your business, you will grow and become successful.
887  Economy / Economics / Re: Would you rather start/grow a business from scratch or buy an existing business? on: August 07, 2023, 05:04:52 PM
Developing a business from ground up is not going go be easy but it's safer than buying an existing business, I can say that I am not completely right because it's complicated, if you have experts that can make sure the old business is good enough and worth the risk then you can proceed but if you are new to running business I will advice against this idea, if you start from scratch you will find your way up, and you will learn some things that most businessmen and women don't know, for a new starter it could be hard to handle a business that's already running for past years.

Starting from scratch is what many don't want to hear but there are things to be learn and knowledge are present to gain too, I see buying a old business for a new business man as starting what you can't finish.

Look into popular business men in the world today, before they purchase a new brand or businesses they already have their own, this mean they have the experience, compare to someone who wants to start a business and he is looking for one to purchase.
888  Bitcoin / Bitcoin Discussion / Re: Is bitcoin really not for everyone? on: August 07, 2023, 03:37:04 PM
People need to be educated about Bitcoin but we can't force them to learn, if they say NO why must we keep trying to confuse them? Just like you said, it's not going to be easy for many people to accept Bitcoin and that's because we are living in a world where we are raised in a centralized environment, we follow rules and regulations from the government, and they keep the country from falling apart, now Bitcoin was thrown at their faces, something that's created to be free from the same centralized environment that people grown from, it's surely going to be hard.

I saw a reason to break free from that same centralized rulers and Bitcoin seem to be the perfect thing close to what I desire, if people are going to accept Bitcoin it will be because they can make money from it, but if their government tell them that Bitcoin is bad they will stay away, it's this simple, instead of trying to confuse them, the time will come where they will be the ones rushing into Bitcoin.
889  Bitcoin / Mining / Re: New asic for bitcoin or scam? on: August 06, 2023, 07:06:31 AM
I hope this is for real, I have been so hungry for a new Asic miner all this while, to me this doesn't look like fake yet

It's not fake, it's real (I confirmed it from various trusted sources I know) it uses a 5.4kw PSU it's based on a high-density design using 1,092 chips inside this little miner, all running at low frequency to achieve these amazing results you see in the video, of course, this will have a huge impact on the cost, but ya, this is one pretty little piece.

Oh, and it's Chinese-made as well, and these guys are to something in terms of the design and software, it runs on 200-277v with a promised ambient temp of as high as 50c, I highly doubt small users will get their hands on these things, probably the big boys will buy them all, but let's wait and see.
That's good to hear, but why doubts about the circulation? Are you saying very limited numbers of this new Asic will be created? Big boys always get their hands on every brand new Asic miners but the more it's in production it will reach those who are small boys in the mining space, unless this Asics are going to be limited in number which will sucks really bad, well like you've said, lets wait and see.
890  Bitcoin / Mining / Re: New asic for bitcoin or scam? on: August 05, 2023, 06:08:05 PM
If this is not a scam, then we will soon see reviews of this ASIC. Compared with the new ASICs from Bitmain, the characteristics of the new ASIC are real, but everyone is interested in what chips it is built on.

https://shop.bitmain.com/
Buyers will be interested in the price and reliability of the new ASIC.
I hope this is for real, I have been so hungry for a new Asic miner all this while, to me this doesn't look like fake yet, I read a post on Reddit that says the same this as Phillipma1957 said, he contacted the team and they don't get back to him, maybe this is still upcoming? There is no way they will have that up on their official Bitmain website and it's fake, next hope they reply soon, I will keep an eye on this topic.
891  Bitcoin / Bitcoin Discussion / Re: If one like decentralization they will surely want Bitcoin? on: August 05, 2023, 05:06:52 PM
Alright so your problem is you've make a good amount of money, when you tell them how you make it, they're not showing any interest, correct?

You have 2 solutions:
1. Never show your wealth, just stay low and dress up like low income class people.
2. Tell them and forget it, you must not expect they will follow your path because they're just curious.
No one is showing anyone anything, I've never done that, but people will someday notice, especially if you grow up in such area where they know that you are struggling and later your body changed, you look better and you have a ride, which you never had before, of cos people will notice, this ain't even the case for me, they came asking what they can do to make a change, I told them about Bitcoin investment, and Bitcoin mining, but along the line they can't cope with it, because it's not free, you need money to invest, and it's same with mining too.

Things get more complicated on their end when I start explaining why Bitcoin was created, the thing is why ask me how to make money when you aren't ready to change your life? They looked at me with a strange eye like I am weird or different.

Why do people always think that to make money is easy? Bitcoin investment takes years, even Bitcoin mining takes years too if started in a bear market, you won't want to sell since the value is lower, they don't want to hear such and they walk away, it's like they doubt Bitcoin, that's why I ask the question about decentralization but I get the answer anyway.
892  Bitcoin / Bitcoin Discussion / Re: If one like decentralization they will surely want Bitcoin? on: August 05, 2023, 08:24:07 AM
I have tried talking to people about Bitcoin but a higher number of them don't show any interest, they have idea what Bitcoin is but they don't see any reason to join the train so I am thinking, to cut short my time and energy, do you think it's better to talk about decentralization first?

Is it right to say that if anyone doesn't like decentralization they can never like Bitcoin?

I am not trying to force anyone into Bitcoin but people never stop asking me how I am making money for myself and most of my income comes from Bitcoin trading, as you can see, I have no choice but to teach about Bitcoin if I feel like helping someone out.
Why force people to talk about what they are not interested in? You have nothing to do? Save your time and energy.

Decentralization is more likely to be misunderstood than people don't like it. The time will come and people will like bitcoin. I'm not sure that everyone, but it is possible that many. They will become interested and then you can start talking about it with them.

The mistake is that people want to learn how to make money, and not learn about bitcoin. There is a choice: let people learn information about btc themselves. There is a lot of information in the public domain. You only slightly direct them in the right direction and let them do the rest. This way you save your time and energy.
How is that possible? Walking up to a stranger and start talking about Bitcoin? You don't know what you are saying, when I said people I don't mean strangers, I am talking about those within my circle that want to start doing what I am doing, I have a Bitcoin mining farm and I am also a Bitcoin trader now, it will get to a stage where you can't hide your success anymore and that's what bring about people (within the circle ) asking questions about mining Bitcoin and how they can start mining too, so how can I teach someone about mining without them knowing what Bitcoin is all about? Or how can I teach about Bitcoin trading without them understanding Bitcoin itself? As you can see I have many things to do, watch charts and monitor my Asics, That's enough to see time fly pass you everyday.

893  Bitcoin / Bitcoin Discussion / If one like decentralization they will surely want Bitcoin? on: August 05, 2023, 07:06:53 AM
I have tried talking to people about Bitcoin but a higher number of them don't show any interest, they have idea what Bitcoin is but they don't see any reason to join the train so I am thinking, to cut short my time and energy, do you think it's better to talk about decentralization first?

Is it right to say that if anyone doesn't like decentralization they can never like Bitcoin?

I am not trying to force anyone into Bitcoin but people never stop asking me how I am making money for myself and most of my income comes from Bitcoin trading, as you can see, I have no choice but to teach about Bitcoin if I feel like helping someone out.
894  Bitcoin / Mining / Re: Who are the Reputable Mining Hosting Companies? on: August 04, 2023, 05:22:09 PM
Hosting solution to mine Bitcoin? You will probably be scammed in the end if you keep up with this, your electricity is high? Fine, accepted, you only have two to three options left and it will be better if you listen.

1. Move out of Texas and go the electricity bill is not very high.

2. Forget Bitcoin mining and invest in Bitcoin.

3. Invest more on solar energy or other.

Bitcoin mining is not a do or die investment, there are other legal ways you can make money with Bitcoin and in your own situation it's better you change location or invest more on solar energy or just forget Bitcoin mining and buy Bitcoin direct and hold.

Any other ways apart from what I said is scam, especially anything cloud or rent space, etc.
895  Bitcoin / Bitcoin Discussion / Re: mine a Bitcoin or buy a bitcoin? on: August 04, 2023, 02:31:39 PM
Those options are great and it's left for you to choose a side, I mean some people who likes Bitcoin so much invest and mine Bitcoin, it's like a hobby that keeps them busy instead of spending their times doing other things.

Bitcoin mining is not that profitable right now and the reason why many people still mine is because of the future, and also because it has turn into an hobby for them, they love doing it.

The reason why many people prefer buying is because they don't derive any fun in mining, they want quick money fast and every miners that mine Bitcoin in a bear market without selling their gears have patience when it comes to money making, they understand that making money is not like casting a spell and money start dropping from heaven.

Some stayed away because of the stress of monitoring their mining farm, because you won't be able to travel far away unless you have someone who is capable of monitoring the rigs when you are gone.
896  Bitcoin / Bitcoin Discussion / Re: Bold step to invest my fiat in Bitcoin on: August 04, 2023, 12:09:04 PM
Congratulations mate on your first Bitcoin purchase. it's indeed a bold step in the right direction. One most striking benefit of Bitcoin is it's divisibility which enables both the high and low income earners to buy the coin. Just keep increasing your coins based on your income, keep them in a safe wallet and wait patiently. Who knows, you might make so much profit in few years. It is also important to note that Bitcoin doesn't guarantee financial freedom but it could be part of your financial freedom plans. That's why it is important to diversify your income base. All the best bro.
Bitcoin doesn't guarantee financial freedom but it makes the journey to your financial freedom easier, I don't see anything as profitable as Bitcoin investment, not from Real estate, not any Stocks, Bitcoin stands out from the others.

There is a fact that shouldn't be ignored though, that is the more you invest in Bitcoin the better your reward in few years time, everyone has his or her own amount that they can afford to lose but constant DCA is the best strategy, because the period to DCA into Bitcoin is limited, a time will come that it will be too late to buy, until the next bear market returns.

Do not invest small amount and lock up, thinking it's enough, remember that you are hoping for a brighter future that's why you are investing, so whenever you make good amount of money and you can afford to lose a part, make sure you invest that back into Bitcoin.
897  Bitcoin / Bitcoin Discussion / Re: Spending on Harlots/Hook Up Girls Instead of Investing in Bitcoin. on: August 04, 2023, 10:51:55 AM
Womanizing up and down is very common among those who invest in Bitcoin too, are you saying I can't carry hookers if I am investing in Bitcoin? I can do such thing and still invest in Bitcoin, I am human and I gotta live too, it's not every money that comes your way is best for Bitcoin, are you are slave?

You need to enjoy yourself too, I am not into womanizing but I do other things that makes me happy, imagine investing in Bitcoin all your life and you don't see yourself at the age of 50 years old, because you died before that age, you will blame yourself on the other side, it's better to live a happy life and do all the things you like before death comes than using all your life to be too serious about something you will still end up leaving behind.

Investment is good but don't stop people from living their lives, everyone have something they love doing either it's free or it cost them money, the important part to them is they are living their lives.
898  Bitcoin / Bitcoin Discussion / Re: Another Fud in the market and bitcoin volatility on: August 03, 2023, 06:36:21 PM
This makes me remember the past bear markets where bad news are released every months, like I am getting tired of all this already, are the government doing all this intentionally to keep crypto price down? Because all this nonsense is looking like manipulation to me, it seems to be intentional, it seems the media is doing all these to cause panic and put fear in the mind of investors, do not be deceived, it's all a big plan.

I won't be surprised if US start supporting crypto in 2024, I've come to think that this country can't be that stupid and watch other countries rushing web3 and stuff and they decide to do nothing but hate crypto? This is real life drama  Grin Grin Grin.
899  Bitcoin / Mining / Re: I have cheap electric, wondering if mining is now something that I can do profit on: August 03, 2023, 05:19:18 PM
How many Asic miners are you planning to run? Are you living alone? Because Asic miners are very noisy, you don't want to have the neighbors calling the cops on you, trust me it happened to a friend, it's better to run Asic miners in a place of your own, if your house has a garage it's even better, make sure it's well ventilated, if not create one for your miner.

It's possible that you have already use a Bitcoin mining calculator to check how much you will be making from an Asic miner per day, I just want you to know that 1st quarter of 2024 is the next Bitcoin halving, whatever that calculator is showing you will be slit into the half after the halving, it's just a reminder, so that you can prepare.
900  Economy / Service Discussion / Re: Buying food with BTC on: August 03, 2023, 03:49:48 PM
How much food are you going to buy to make your one time purchase worth it? I would not want to spend 3$ on food and use half a dollar to make payment, if I go out to but food at a restaurant in my country the charges is like 0.10$ or even lower in my fiat to dollar rate.

It's cool to order food using Bitcoin but if I have to do it I will have to buy foods, not just the little that will fill up my stomach, maybe 10$ or 20$ worth of food, this won't make me feel like I am spending too much on the transaction for food.
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