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1  Bitcoin / Bitcoin Discussion / Re: Buy Bitcoins before the upcoming banking crisis states author of Rich Dad Poor D on: August 25, 2020, 05:33:32 AM
To tell the truth, I know that the dollar and in general the world economy is in a bubble about to burst, but I just want you to remember that Bitcoin although it is "decentralized" also moves like one more market and will probably also fall, I do not want to expel But just look at how it was affected by the global crash caused by Covid-19, it fell to 5k in less than a week. I only say this so that you think and do not let yourself be influenced by others.
2  Bitcoin / Legal / Re: License to Sell Bitcoin in Person as Oppose To Online Exchange? on: August 25, 2020, 05:07:31 AM
It all depends on the country where you are, the rules vary a lot. But personally I like to buy / sell online more since it is much safer, I remember that 2 years ago I think that when BTC was reaching its historical maximum I sold 1 BTC for 15K USD and when I left the mall some guys robbed me and took my money. money obviously I'm sure it was in complicity with the person who bought my BTC, but in my country, just as there are no laws that go against the sale of BTC, there are no laws that go against the theft of BTC: D so it's kind of screwed up.
3  Alternate cryptocurrencies / Altcoin Discussion / Re: Whats your thought about New projects? on: August 21, 2020, 03:46:44 AM
If you visit some crypto forum you will see so many upcoming cryptocurrency projects coming into the industry but sometimes I begin to wonder what is their purpose of bringing in New crypto project knowing well that some of them have wrong motion of the project they are bringing, I have participated in so many of them last year but I have not hear from them again some are abandoned on the proccess with a lot of promises they come with just to gain your interest. What do you think?

I still want to think that there are new projects that are worthwhile, but unfortunately the statistics that a new project will at least stay alive for 1 year is very low. This is due to various factors, I know people with good intentions who have no experience in leading a project and that is why they fail, there are also those who have experience but only come to get some money from the largest number of people. And finally there are the good projects, these are seen 1 in 200 I would say, you just have to have a good eye and not be the first to invest  Wink
4  Bitcoin / Bitcoin Discussion / Re: Bitcoin (or others) for the Adult Industry? on: August 21, 2020, 03:37:50 AM
Hi, everyone. I'm Cali Reign, a new, or I guess long absent returning member of BitcoinTalk. Active, in the adult entertainment industry. I was actually really shocked to see this forum still so active. I was a participant in GirlsGoneBitcoin, long, long, long ago. In the before for times, and have not really kept up on the industry.

In 2012-2013 there was a lot of talk about bitcoin (and I suppose blockchain in general) being used for improvements and optimization in the adult industry. Other than just straight payments (which ManyVids, Eros, etc) use, I haven't seen any real advances trickle down into the industry.

I was wondering if anyone would be willing to point me to any active adult industry projects that I might check out. Yes, it's really me, feel free to reach out on any platform I use. Same Username as here is used everywhere.

Thanks in advance,

Cali

Hmm, I would not know what you are looking for exactly, I have seen several projects try to do something like that but none have solidified. I think it's easier for the big adult entertainment industries to use BTC as a form of payment, a couple of months ago big brands like Brazzers and Pornhub were accepting cryptos.

Here's the project I'm talking about, it's probably already dead or something.
https://bitcointalk.org/index.php?topic=5149503
5  Bitcoin / Bitcoin Discussion / Re: Bitcoin ready to migrate from PoW to PoS? on: August 20, 2020, 09:51:07 PM
There's no reason to do it. PoS is less secure.

The only advantages of using it would be power consumption but that's pushed by the green enthusiasts who don't understand that the power used to mine Bitcoin would be produced and sold anyway. If we stopped mining all around the world the power plants would not start to shut down because of no demand.

With PoS Bitcoin would lose an important feature and with it a lot of value.

If in fact I do not assure anything, I just wanted to know some points of view, I am a journalist and a big fan of cryptography that is why I present this publication to know the point of view of all, or at least of a majority with more experience than me . I still think we have to see how ETH and ADA are doing. Although assuming that they succeed does not mean that BTC will do it but it is a possibility.
6  Bitcoin / Bitcoin Discussion / Re: Bitcoin ready to migrate from PoW to PoS? on: August 20, 2020, 09:21:07 PM
It is not official yet, but large institutions have been affirming it through the news, I think you are very eceptive and at some point the PoW protocol will be obsolete and will go against many environmental laws.
First, as FinneysTrueVision commented, ethereum 2.0 implemetation can not even be this year as I have read on news. Precautions are being taking to make it secure and safe. It is still under testing.

Secondly, I will prefer proof of work (POW), It provides employment.
1. Many people are employed in companies that produces miners
2. Many people are also employed by mining farms for work purposes

If all cryptocurrencies start using POS, many jobs will loss.

POS is not what bitcoin needs, it only needs what can make transactions faster with lower fee, but not in the way job will loss as I explained above.


If obviously the loss of jobs are collateral damage but there are more and more energy restrictions, according to calculations bitcoin will have its last mining block in the year 2140, something late, don't you think? For now this is just speculation but I am more than sure I will not get to six years using PoW.
7  Bitcoin / Bitcoin Discussion / Re: Bitcoin ready to migrate from PoW to PoS? on: August 20, 2020, 09:11:32 PM
According to various rumors, Bitcoin is closely following Ethereum's results.

What rumors? ETH hasn't moved to PoS yet. Proof of stake has not been proven to be more secure or decentralized than PoW, so there is no reason for Bitcoin to switch.

ETH has already implemented the Stake code to its 2.0 blockchain, it is still using a hybrid algorithm but ETH along with other altcoins are looking for an algorithm to replace PoW that is not a secret.
8  Bitcoin / Bitcoin Discussion / Re: Bitcoin ready to migrate from PoW to PoS? on: August 20, 2020, 09:04:34 PM
According to various rumors, Bitcoin is closely following Ethereum's results. And this is because the second largest cryptocurrency after bitcoin a couple of months ago migrated its mining algorithm to PoS, several experts say that Bitcoin will also do so in the very short future. And this is basically due to the fact that because bitcoin is becoming more and more popular, the algorithm used by Bitcoin PoW generates many expenses for its extraction, ranging from large electrical expenses to high cost in mining equipment.

What do you think, algorithm migration is a solution for the high consumption of the PoW algorithm or not?
I doubt that will happen.  Exactly what 'experts' say this is happening?  how about pointing out some articles  Huh

It is not official yet, but large institutions have been affirming it through the news, I think you are very eceptive and at some point the PoW protocol will be obsolete and will go against many environmental laws.

https://cointelegraph.com/news/bitcoin-will-follow-ethereum-and-move-to-proof-of-stake-says-bitcoin-suisse-founder
9  Bitcoin / Bitcoin Discussion / Bitcoin ready to migrate from PoW to PoS? on: August 20, 2020, 08:46:39 PM
According to various rumors, Bitcoin is closely following Ethereum's results. And this is because the second largest cryptocurrency after bitcoin a couple of months ago migrated its mining algorithm to PoS, several experts say that Bitcoin will also do so in the very short future. And this is basically due to the fact that because bitcoin is becoming more and more popular, the algorithm used by Bitcoin PoW generates many expenses for its extraction, ranging from large electrical expenses to high cost in mining equipment.

What do you think, algorithm migration is a solution for the high consumption of the PoW algorithm or not?
10  Bitcoin / Bitcoin Discussion / Re: Is it possibleTrump Will Prohibit Bitcoin? on: August 20, 2020, 08:37:00 PM
President Trump's attitude, which tends to be anti-Bitcoin, has raised the discourse that he could forbid the ownership of Bitcoin for citizens of the United States (US) in the future.

This discourse is based on two possibilities, namely Trump's tweet in 2019, that Trump is not a Bitcoin lover and second is a recognition of Trump's similar attitude, as stated in the book by John Bolton, a former White House security adviser.

Responding to the discourse of a possible ban on Bitcoin ownership, many people say the most likely action is an aggressive step by the government in dealing with laundering crimes related to Bitcoin and other crypto assets. Direct banning seems impossible, because Bitcoin is practically outside the structure of the country.

I think that Trump does not even play a relevant role in this equation, remember that his mandate ends in a couple of months. And the USA at no time has planned to ban Bitcoin, it has only wanted to regulate them, but if you look closely, one of its latest decree has been to allow the custody of Cryptos in its national banks so what you say does not make much sense.
11  Bitcoin / Bitcoin Discussion / Re: Why is bitcoin so unstable? on: August 20, 2020, 08:29:49 PM
Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

You have to take into account many factors, although bitcoin has a lot of similarity to gold.
1) Gold has been used for hundreds of years as a value asset, in recent years it has become a liability but its value is stable basically because its market is already mature.
2) Although bitcoin is perhaps at its highest peak since its creation, it has not yet diversified enough to be stable, for example if you look at more than 65% of circulating bitcoin are in the first 50 wallets. What does this mean? that large holders move the price to their advantage, so probably once you find a fair distribution the market will be "stable".
12  Bitcoin / Bitcoin Discussion / Re: How to Buy Bitcoin Cheaper on: August 20, 2020, 10:14:54 AM
All traders want to always buy Bitcoin at a price cheaper than the market price. Apart from buying and selling on the ordinary, centralized crypto asset exchange, there is another option, namely a peer-to-peer exchange. In this exchange, asset prices are not “regulated” by the exchange manager, but directly by the users. In principle, a peer-to-peer (P2P) exchange is a crypto asset exchange that is similar to an online shop, aka a marketplace. The role of the stock exchange manager is only to bring together the seller and buyer of assets directly on one platform. In other words, for example, if you want to sell Bitcoin, you have a trading booth on that platform. It is also possible to place ads on that platform by specifying the selling price of the asset. The advantage of an exchange like this is that the seller is free to determine the selling price as he wishes and the buyer can freely look for price variations on the exchange. Buyers can even get a much cheaper price than buying on a regular exchange.

Basically you spent the entire publication describing the method used by p2p exchanges such as Localbitcoin, binance or coinbase, all these platforms allow p2p trading, personally one is better than another for any type of operations but to transfer FIAT money to BTC I think there is nothing better than localbitcoin. Regards.
13  Economy / Economics / Re: Fixed amount vs. infinite coins on: August 20, 2020, 09:08:30 AM
BitcoinBTC maximalists "selling" it since 2015 as an alternative payments.

Last 3 years there were lot of adoptions of BTC Bitcoin mainly on trade markets.
But still no real daily market where the people use bitcoinBTC as a payment - just get out and try to buy a food for Bitcoin - almost impossible.

Limitation of amount for a coin like bitcoin or any other altcoin as well low inflation makes it only worth to use as wealth storage.

Gold were also a payment unit till middle of last century, but now it is only wealth storage and speculation object on market.

Same is almost happen with BTCbitcoinBTC, moreover it is to volatile to be used as payment.

Except Satoshi Nakamoto will defreeze his million BTCbitcoinBTC there is no chance for bitcoin to became real payment alternative to 100 of fiats and inbetween 3000 alternative coins, some with infinite supply.

In fact, you are probably very right in this, I am sure that Bitcoin itself will not be used to buy anything or make payments and this is because the Bitcoin blockchain is slow and that carries a large number of problems, it is not a secret for anyone , but that does not mean that a currency will be used as a form of payment in the near future.
14  Economy / Economics / Re: What Role Will Crypto Play During ‘The Great Reset?’ on: August 20, 2020, 07:58:05 AM
"The global economic transformation now faces the main question: What to choose — centralization or decentralization?" What is 'The Great Reset' you might ask?

This topic can be very sensitive, but it's something that needs to be thrown at your face sometimes. We are still and will continue to be in an economic recession for god knows how long. Will crypto be the solution? Maybe for part of it...

Raoul Milhado produced a hell of an article that outlines what the world can look like in the coming months. He takes note of the WEF (World Economic Forum) making an impartial statement about a need for urgency for "global stakeholders" aka one-percenters to manage the outcomes of what is called "The Great Lockdown" <-- (SERIOUSLY READ THIS) His article can be found here: https://cointelegraph.com/news/what-role-will-crypto-play-during-the-great-reset

This 'lockdown' we have entered could be known as a cover to remake the world. The cost COVID-19 pandemic has surpassed every single epidemic/pandemic the world has ever seen. We've seen industries shift 90 degrees and take a bullet to the head but we have also seen industries flourish from the ground up, resulting in a new wave of entrepreneurs and people finally looking out for themselves. Don't forget to mention the current curriculum is dying as they aren't teaching what is hot like "How to Tik-Tok" or "OnlyFans 101." Even though it may be frowned upon, we're all adults and need to be faced with the truth behind reality whether it sucks or not.

Either way, it's nice to see crypto have a resurgence in the past months as an alternative to traditional finance and business. My dad, a blue-collar worker that will rely on his retirement is FINALLY reaching back out to explore investment opportunities in Bitcoin...

What are you hoping to get out of this 'Great Reset?' Are you adapting? Because at this point, whether the industry, it is evolving to something similar to The Hunger Games or even the survival of the fittest.

Don't forget to smash that poll button with your vote because it's important to me and it's provocative; it gets the people going!!!

Bitcoin along with other cryptocurrencies will not play an important role in the future of the world economy, but they are already playing it. If you look at the news, the USA approved the custody of Cryptos in all the banks of the nation, China obtained the majority of at least 5 Altcoins. The actions of these powers only mean 1 thing, sooner or later cryptos will be the epicenter of the economy or at least play a very important factor.
15  Bitcoin / Bitcoin Discussion / Re: Will the need to increase BTC's max supply arise in the future? on: August 20, 2020, 07:47:45 AM
For long, Bitcoin has been touted as the "store of value" of the crypto/Blockchain space with its limited supply of 21 million coins. Based on estimates, all Bitcoin will be mined by 2100. Now, what if developers decide to increase that hard cap in supply? If at that point in time, Bitcoin's prices stay just the way they are right now (less than $1m), it may become unprofitable for miners to continue supporting the Blockchain. With no block reward, they'll be living off fees. If prices are too low, earned fees won't be able to sustain miner's operations. By then, developers would need to raise the limit of 21 million coins to a higher value, re-introducing a block reward in order to attract miners into the Blockchain. Otherwise, the security of the Bitcoin blockchain will be at risk.

Do you think that the need to increase BTC's max supply will arise in the future? Or will Bitcoin be able to "live" just fine with a max supply of 21 million coins? Your input will be greatly appreciated. Smiley

If it did then what would be the difference between BTC and any FIAT currency? If you think about it, there would be no difference since you cannot say that it is anonymity since it is increasingly regulated and will continue to be. So that's why I think the MAX SUPPLY shouldn't change. Only time will tell for now deflation has been working. Just look at its price and see where it started.
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