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8961  Bitcoin / Bitcoin Discussion / Re: Bitcoin watch on: October 06, 2020, 01:56:01 PM
Old news that has already been discussed on the forum - and we concluded that the address on the clock is one of the MtGox adresses.

I kind of doubt it.... Grin



That adress is 1PxGTuJzDx1ceFHx4Z5CHaWuhiPBNovmZD
It's one of MtGox adresses:
https://www.cryptoground.com/mtgox-cold-wallet-monitor/

What I don't understand is how the video that is dated on December 1, 2019 goes viral every few months - Supercar Blondie wants more new friends on FB Roll Eyes
8962  Economy / Speculation / Re: Does US election affect the bitcoin price? on: October 06, 2020, 01:22:56 PM
Long-term, a Biden presidency is probably somewhat worse for Bitcoin, since his administration will be more anti-Bitcoin and will be much more likely to put forward harmful regulations. (Not that Trump is super pro-Bitcoin or anything...) I wouldn't expect these sorts of long-term predicted effects to cause much shorter-term price action, though, other than maybe a very-short-term panic crash.

Judging by various polls and research, most prefer Biden - but it seems to me personally that Trump still has some ace up his sleeve. What worries me is that Trump has already mentioned some election fraud, the influences of various external forces and we have not yet heard that someone deliberately infected him with Covid-19 just to lose the election. I'm not sure how many complications Trump can make if he doesn't win - but I have to admit I'm not at all clear of what Biden can be expected to do.

You are obviously better informed about what Biden and the people around him think about Bitcoin, and according to your comment, it seems that Biden is at least a little more against Bitcoin then Trump. But how much damage or benefit one person can do in this regard, because they say that Trump allegedly ordered in 2018 that some services seriously deal with Bitcoin, but today it is more than obvious that nothing drastic has happened.
8963  Economy / Economics / Re: Bitcoin can be a part of N N Taleb's "Antifragile Barbell" Investment Scheme on: October 06, 2020, 12:53:14 PM
Bitcoin is unique, anyone looking for any comparisons to gold, stocks or anything else is on the completely wrong track. There will also always be people who say that Bitcoin is just another big internet scam - it has been so from the very beginning, and yet its value today is such that some large companies transfer part of their cash reserves to BTC - and funds like Grayscale have almost 500 000 BTC in their accounts.

Bitcoin has never been for investors who don’t understand technology, who are slaves to the old system, and for those who are afraid to make changes in their lives. We can talk about any ratios here, but we all know that it is not wise to keep all the eggs in the same basket - but I believe that everyone who did not invest in BTC some 5-6 years ago regrets today, and I have no doubt that the same will happen in the next 5 years.

The golden rule is that investing in high-risk investments is only what we are willing to lose - all those who do the opposite gamble with a much higher stake, which can sometimes have very ugly outcomes.
8964  Economy / Reputation / Re: What is the reason to give me the red trust??? on: October 06, 2020, 10:40:44 AM
Previously theymos has told that DT users who use the trust system to negative tag a person for their posting habits will not longer remain a DT member.

I have nothing personally against JollyGood , but I wonder if any of the DT members who have it on their list have removed (distrust) him due to inappropriate use of negative feedback? Personally, I felt on my skin that such abuse is punished by other DT members very expressively without any hesitation.
8965  Other / Meta / Re: If you see a copy-paste topic from newsletters on: October 06, 2020, 10:27:54 AM
I think everyone has some criteria of their own when it comes to merit rewards, so I'm sure there are forum members who will reward such posts, because in some cases it can really be about quality information that is not just for the purpose of meeting the daily/weekly quota of posts. Of course, those who do it constantly and with the intention of shilling some site will not get merit, but they will end up like many others who have gone that way.

What is valued above all on the forum is the original content, and c/p even with the source link, without any personal opinion is something that should not be rewarded in most cases.
8966  Other / Beginners & Help / Re: Newbie's observation. on: October 06, 2020, 10:06:47 AM
The forum in question has been advertised on this forum for some time together with the crypto exchange which, as far as I know, is also the owner of the same forum. Since they never paid attention to quality but to quantity, I'm not surprised that even beginners notice a difference in the quality of content in a very short time, and users who are not only here for profit, but have a sincere interest in Bitcoin.

Trinx01, investing time in knowledge is something that almost always pays off, and if you become active on this forum I am sure you will learn a lot Wink
8967  Bitcoin / Bitcoin Discussion / Re: Enough is enough! Good bye Bitcoin! on: October 06, 2020, 09:48:39 AM
Disappointment in the system that surrounds you is no excuse to give up Bitcoin, because it is exactly what came into being so that every man could be his own bank. Your problem is that you only look at things from the perspective of your country, which is obviously not crypto friendly - and that you invested in Bitcoin just to make money, although you say that you would wait 5 years if you knew the price would go up.

It is not wise to advise anyone what to do with their money, yet it should be a decision made by each individual. So if you think there’s no other way to be successful with BTC, you’ve expressed a desire to invest in stocks - if it’s only up to profit, does it matter how you make it happen?
8968  Bitcoin / Bitcoin Discussion / Re: Yeees it's happening on: October 06, 2020, 09:28:38 AM
Do you think that the adoption is really happening?

I think it's been going on for a while now, especially in the USA&Canada where most crypto ATMs are located, and if I'm not mistaken this ATM is located somewhere in the US or maybe in Canada. You’re probably excited to be able to buy BTC in your city, but as I see the fee is really high and you should know that this is certainly one of the most expensive ways to buy or sell crypto.

However, that doesn't mean you shouldn't try the service - I'd love to try it too, but there's no such device near me.
8969  Other / Beginners & Help / Re: How do I know if I'm not posting the same old content ? on: October 05, 2020, 02:32:53 PM
Option search is logically something that everyone should use if they suspect that there may be duplication of content. If we are looking for something in a particular board than a simple search is enough - we get results only for that board, and if we need a more advanced search we click on the magnifying glass icon next to the search box.

For some things, however, it is not necessary to use the search, because some questions have been answered hundreds of times. Therefore, it makes no sense to open topics on which there are already thousands of comments.

 Examples :

- Who is Satoshi/Why he disappeared?
- Should I invest in Bitcoin?
- How to get merits?
- How to make money on this forum?
8970  Economy / Economics / Re: Fidelity President Files For New Bitcoin Fund on: October 05, 2020, 01:58:03 PM
fillippone, the fund for which the request was initiated by Fidelity is not ETF if I understood correctly from OP? This latest BitMEX news and comments from the CFTC should then be on the trail of some future ETF that we know has been of interest to a number of different companies in the past.

If things have to start cleaning up from somewhere, then BitMEX is a great start - but I wonder if the crypto market can be regulated to the extent that it meets the SEC criteria for the BTC ETF? As far as I know there is not a single active ETF request since the SEC rejected the last one in February this year (Wilshire Phoenix).
8971  Economy / Reputation / Re: Question: Who exactly is @Karartma1. on: October 05, 2020, 01:12:24 PM
Although the only real answer can be given only by the user in question, it seems to me at first that Karartma1 only in some way wants to have a special BTC address in his profile (the one that is supposed to belong to Satoshi Nakamoto), and in addition his profile has a direct link to Bitcoin White Paper.

I don’t think there’s any mystery behind his profile data, as it would be insane to think he’s 112 years old Wink
8972  Other / Meta / Re: Bitcoin talk could fix the spam in one move....REMOVE SIGNATURE...Right?? on: October 05, 2020, 12:39:37 PM
Remove the signature....PROBLEM SOLVED
am I wrong?

Instead of going in the direction of a total ban, each spam should be dealt with individually - and the responsibility for that lies with each of us who have the ability to report every post we consider spam, just as every campaign manager has the option not to pay for such posts or hire such user/s.

Since you mostly participate in the discussion in Alternate cryptocurrencies maybe the problem in that part of the forum is much bigger as far as spam is concerned than in some other boards? I personally do not visit that part of the forum, and many members ignore it - and as far as I know most of the signature campaigns that pay in BTC exclude that part of the forum in their rules.

I don’t know where were you with your proposal during 2015 or in the years after until some order was introduced? Today's situation regarding signature spam is incomparably better than then, so anyone who has been active on the forum in the past 5 years can see it.

8973  Bitcoin / Legal / Re: US government imposing fines for those companies paying ransomware on: October 05, 2020, 10:21:58 AM
I'm sure that they have been tracking this terrorist already, then already name North Korea and Russia as the main 'source' of attacks to US soil.

It is not at all strange that the two main suspects are North Korea and Russia, given that both are marked as highly problematic and under sanctions. But the attacks come from all over the world, because hackers who want money are not exclusively politically motivated, although the US's actions create a lot of enemies around the world. I wonder what is in this story with China or Iran who are being far more powerful than one North Korea that has become the main culprit for every trouble that happens in the world.
8974  Other / Beginners & Help / Re: Store your bitcoin seed / private key safely (Water, Fire, Shock-proof) on: October 05, 2020, 10:07:36 AM
I would suggest just going to a hardware store, buying a small piece of stainless steel, and doing it yourself.

I understand your logic, but if a product from the above is, say, at a 50% discount, it may be worth buying at a price of $20-$30. Although you are absolutely right when it comes to privacy, every possible vector of attack should be avoided, and every purchase of something crypto related exposes us to that risk.



I'm actually thinking that it's better to let my seed phrase be destroyed if something catastrophic happens to my house, because there's no guarantee that I will be the first to find it...  It's more important to have backups in multiple places instead of relying on them being indestructible.

This kind of thinking definitely makes sense, and that is why it is very important that such a backup is hidden in a less exposed place and best protected, for example in the basement of a house under a layer of concrete where no one will find it - but in case of earthquake, flood or fire it will take us a while to get to it. Multiple locations are the solution, but they should be places of trust - I still wouldn't leave something like that with anyone I don't trust 100%.
8975  Economy / Economics / Re: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’ on: October 05, 2020, 09:50:41 AM
Oh yes.  Thanks for those reminders of past assertions, Lucius.. and also the video link.  I believe that the linked Draper video interview that you provided would have been from late 2014, even though the upload date was May 15, 2015 - since the then current BTC price referenced in the interview was $413 (various dates in September, October or November of 2014 would have been possible for that $413 referenced-price).  By the way, BTC prices on May 15, 2015 were around $235, and BTC prices floated in the mid $200s for an overwhelming majority of 2015.

I can say with great certainty that the video was created in 2014 because there was one upload of the same video that year, but it was deleted over time. Draper made an identical statement that was released on September 12, 2014.

“I guess the markets aren’t seeing what I am seeing. An entire economy is being rebuilt. I have a price target of $10,000 in three years. Even that may be pessimistic.”

On September 23, 2014, Draper told Fox Business that he predicted that one bitcoin would reach $10,000 "in three years"; on January 27, 2015, Draper wagered about $400,000 (which is 2000 bitcoins with $200 price) that the bitcoin will rebound from a recent plunge. The price of a bitcoin crossed $10,000 on November 29, 2017.]

Furthermore, even though Draper represented himself as a bitcoin bull who would hang onto the coins that he bought, whenever the price would dump (or fail to go up) there were frequent proclamations that Draper was dumping behind the scenes, and that was causing the BTC price to either go down or fail to go up.

Draper actually lend some of that BTC to start-up Vaurum after the auction, but I haven't been able to find out exactly what the amounts are - so it's unclear how much Draper kept and how much he invested. Although in the years after that purchase (as well as today) he was of the opinion that he did not want to sell BTC because he considered it something much better than fiat currency.
8976  Economy / Economics / Re: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’ on: October 04, 2020, 01:47:54 PM
I'll just refer to Tim Draper, whom I remember from 2014 when he told that in three years BTC would reach a price of at least $10 000, and was then the subject of ridicule in most of the business world - especially if we take into account the statements Buffett made about Bitcoin at the same time.

But he is one of the few who has spoken out in public, and a man who in 2018 gave his prediction that BTC will reach a price of $250 000 by 2022/23.

I think Saylor realized his mistake from the past and decided to correct it in the best possible way, so although some say he may have been a little late, I think he also realized that we are still at an early stage.
8977  Other / Beginners & Help / Re: Store your bitcoin seed / private key safely (Water, Fire, Shock-proof) on: October 04, 2020, 01:17:06 PM
Having your seed phrase or private key backed up on a hardware in contrast to the traditional system of software isn't exactly bad but, it's not a guarantee that, the key is totally safe. Even if it passes through all those series of physical harvard tests.

There is no absolute security, but still some solutions from OP are definitely better than having the seed on paper or in electronic form. I believe that many have the most vulnerable point in the way they keep backups, and that there is a very small number of those who think they need some kind of metal plate - moreover if the procedure involving backup is too complicated (which in some cases is indeed the case).

I personally haven’t saved my backup this way yet, but I hope to find something that would suit me - maybe for Black Friday this year, there will certainly be good discounts.
8978  Economy / Exchanges / Re: Paxful is a scam ? on: October 04, 2020, 12:37:31 PM
What many don’t do before they start using a service is a basic check to see if that service is available in their country or is blocked completely or partially. When it comes to Paxful the list of countries that have been blocked completely or partially is quite large, and since you've been using the service for a while without any problems, I guess you're in a country that Paxful classifies as "OFAC gray / high-risk countries" and for the same requires verification.

What I know from the experience of other users is that such things are not an isolated case, and that their customer support is one of the worst. All you can do at this point is be persistent and try to do the verification to the end - because there is no other way to get your funds.

I hope you will have more luck than this member -> My bitcoin is frozen at Paxful and they won't let me withdraw it
8979  Bitcoin / Legal / Re: US government imposing fines for those companies paying ransomware on: October 04, 2020, 10:51:19 AM
This is in line with that famous saying "US does not negotiate with terrorists", and here they want to make it clear to their citizens not to cooperate with online terrorists, thus encouraging them to carry out similar attacks.

This definitely makes sense if it is going to raise the level of protection that many companies neglect quite a bit when it comes to computer security that includes not only software solutions, but also regular data backup and education of their employees. Instead of spending money on ransom payments, it's definitely better to invest in prevention - and it seems to be the only way to convince someone to change their bad habits of punishing them if they continue to work the old way.
8980  Economy / Speculation / Re: Predict the bitcoin price range as we enter the New Year on: October 04, 2020, 10:30:57 AM
I believe in the Winter pump that will take us back towards 20k, just like in 2013 and 2017. There's a pattern here of small pumps in Spring followed up by big ones around the end of the year. In 2013 there was a small bull pump in April, followed by another in December. This year we went up in July and there's a chance the move will repeat.

That’s a possible scenario, but you forget that the big pump of 2017 you’re referring to was created only a year and a half after the halving - and that it will take at least as long to feel the effect of the halving that happened a few months ago.

I can only reiterate that the price of Bitcoin comes from the overall state of the markets - which in turn depends on the mood of investors who are closely following what is happening in the world when it comes to pandemics, recessions or the fact that Trump got the virus just a month before the presidential election.
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