Is there a possibility? Yes. Of course there is. Will it happen? Who knows.
Bitcoin already did AND did not exceed expectations at the same time in a weird way. It exceeded expectations of many people by breaching the immense price tag of over 100 thousand Dollars. On the other hand, it did not exceed expectations because after this, most of us expected more legs up. Instead, it seems like it is only roaming around this price tag now.
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Would Bitcoin being considered an asset from tax point of view make anything different?
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Nowadays, new companies are adopting Bitcoin just because they want more publicity.
Investing 100 million Dollars in such marketing would be stupid. They are investing in Bitcoin because other big players are getting in and they do not want to miss out. In my opinion. None of them invest in Bitcoin as a SAFE investment but rather because its history shows a huge opportunity to multiply money by doing nothing. If they want safety against the crazy economy of today there are other options to put money in. Bitcoin volatility is nice, but it is in my opinion not something to feel safe with in tough times.
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Common sense is your best bet.
Use a Linux operating system. Separate the device you are using cryptocurrencies on from the one you are doing the daily stuff on. Do not log in to websites you do not know. Do not download random files. Do not trust what sounds way too good to be true. Use an open source Hardware Wallet or preferably set up an airgapped wallet for the larger chunk of your holdings.
You do not want to have a wallpaper containing your credit card number and security code the same way you should not want your cryptocurrencies to be stored on a computer that may at some point become compromised and vulnerable.
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If it is possible then 2. Will Bitcoin be able to maintain its decentralized position? Or will it be played by a small number of people like current fiat currencies?
This is one thing none of us can control. If they get to own this much of the Bitcoin supply then it is what it is. Enforcing the rich to become poorer affects everybody and makes Bitcoin not a free economy or currency any more. Further more. It is our fault collectively for letting them do this and purchase enough Bitcoin. There may be 3 thousand billionaires but we are billions of people. Collectively, we could do more than 3 thousand billionaires can. Yet, most of us are fooled into selling Bitcoin thinking it collapses soon and most of us rather purchase clothes and cars than have an eye for savings and investments. In my opinion. No matter how hard a free currency is worked on, the average person will continue to fall into the traps set by the rich and more experienced. Like all roads led to Rome, all roads here lead to the same ending. When an asset becomes powerful, powerful people will be playing it in their hands.
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The farther we get from when Bitcoin launched, the less likely Bitcoin becomes a unit of account in my opinion. All these wet dreams of Bitcoin becoming the world wide currency providing free banking to the unbanked at little to no costs et cetera are pretty much gone and who ever still has dreams for it still does not see the harsh truth.
Bitcoin will be the hero in many circumstances. Bitcoin will provide banking to the unbanked. Bitcoin will not be controlled and will not require Know Your Customer. But it will never be what this guy wants particularly for all these reasons. When there is opportunity for power, there will be people willing to fight all they can for it.
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Although I do not agree with what Google has been doing to Android for the past few years, I believe there are enough barriers before you can actually get scammed by this software if you have no knowledge about Android or Android security in general.
Nowadays phones come with all sorts of layers to protect you from installing unknown apps. You have to click the fake link and not realize it is fake. You have to edit some settings in your phone, Google Protect or however it is called is then warning you of the application being unknown and potentially harmful et cetera. Rumors say that soon Android will not even be able to install unknown apps unless signed by trusted developers and I bet people will still get scammed and fooled. I mean come on. We should not baby sit every phone owner now. Where is responsibility?
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Here is my judgement,
There is no point in unplugging your computer from the internet if you are going to re connect it later on. In some cases, it can do damage to the security of your wallet even if you connected to the internet before doing all the steps of creating a wallet.
I agree with Pmalek, hiding the name of the program you used makes no sense. In fact, if you want critics then you must mention what program you used. For all we know, you could do every single step perfectly right and it would mean nothing if you used a random script off github nobody heard about.
But, and maybe this should have been the first bullet of my judgement, it makes no sense to do this if you are using Windows in the first place. To most of us who care about real security, Windows is a joke. It is any thing but secure. Linux is a way better choice. Even the worst distributions are miles better than Windows. So if you want to do this, maybe the first thing you should think of being secure is the operating system your entier setup will be installed on.
When something feels really convenient, ask yourself why. Windows is more convenient than Linux, but lacks the security and control over your own computer and also lacks the bloatware and spyware Microsoft purposely injects into all their operating systems. The entire setup can be done offline. It is what we call Airgapped Wallet, which is the best thing to do if you are particularly looking for security.
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I doubt these news are real. Maybe the guy earned close to a Bitcoin but I really doubt it was from picking cans alone. How many cans does one person have to pick in order to earn between 20 and 60 thousand dollars? This is considerable money for a lot of countries. Hell. In Romania even 12 thousand dollars an year would already earn you some decent money. Or, maybe I am undervaluing the opportunity and I picked the wrong job.
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The ideal thing for me would be if YouTube started to pay content producers in Bitcoin, but I can't see that happening in the near future.
I am certain this will never happen. Google will not provide the way to a decentralized system when they are actively trying to demolish any competition and continuously building the most centralized data base in the world. Google is not trying to do any good to any of us, they want money. ----- I keep reading replies in this thread talking about how the government initially wanted to protect us all and investors and what not. Bull shit! They want to protect nobody but themselves and their own goals. The main issue with our governments is that they constantly earned more and more power against us which seemingly triggered a thirst of power and control. They are not protecting any body by censoring the internet and controlling our finances. If the measures actually had a positive effect on our society it is one thing, but the measures have absolutely zero positive effect, it only makes us all suffer. But if you look at every thing going on you will inevitably notice a pattern. To protect 1 percent, the 99 rest have to suffer. Look at what happened to mixers. They said this was a crack down on money laundering and what not. Do we have any legitimate statistic showing a significant change in digital money laundering? I very much doubt so. At the end of the new regulations, the only effect is that money launderers moved on to other ways while we all have to deal with the responsibility of using 'money laundering services' to preserve a piece of our privacy. How is this different at all from what they are doing to with the internet? Do we have evidence that the UK minors are actually being kept away from watching porn since the new dystopian measures? I very much doubt so. I hate that we are treating the government as if they are our mommy who wants our good and to only protect us. The biggest bull shit ever this is. My government has pretty much never done me any good and I have never felt protected by it in any way, yet it is pretending like this was always its goal.
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AI will probably end up much like NFTs. It is mostly hype, there is good, there is bad but at the end of the hype the truly useful aspects of it remain. In the case of NFTs, I do not even know if there is any useful aspect. For AI, it will likely remain solid in areas where it can actually help. Have you ever interacted with an AI? Have you seen what it can do? Sometimes it can surprise you by how much it can do, other times it may be surprisingly stupid. I doubt it will work as good as a group of human minds could. It may help with precision, but even there you may see errors. Humans will stop rather quickly when an error occurs, but if an AI thinks there is no error, it continues to do what it should not do potentially causing way more damage and expenses than a group of employees could.
Further more, what even is AI? People barely even know what it is. Nowadays every thing that is programmed is called that way for marketing purposes.
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What are common methods to bypass 2FA verification? I know only one, get a copy of identity document, and try to re-issue simcard in mobile operator office. Or try to hack person, find and steal "special codes" that comes together when you set 2FA. Long method - social engineering. However, if a person is cautious, I dont see how someone can get his 2FA or make him turn-off this feature.
The problem is too many people rely nowadays on 2FA instead of actively caring about the security of their accounts. 2FA may be solid, but in the event of it SOMEHOW failing it is a very smart thing to at least have other security aspects on point. For example, a strong password and 2FA is much better than a weak password and 2FA. Make it harder for a bad guy to steal, not easier is the better mentality.
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Unfortunately it would be good if ONLY the UK had such intentions. It is more than evident that about all countries of the world are making the same move. We are quickly steering toward a highly dystopian world and it is scary. But, we have to move on and adapt I presume.
In my sole opinion and perspective, Peer to Peer transactions will definitely increase significantly but with a risk. I do believe the governments will have strict regulations prohibiting Peer to Peer transactions, they will most likely fall within the 'Money Laundering' type of transactions. In the near future, it does look like they are going to make things as controllable as possible and any thing that sticks out will be an immediate red flag.
They are trying to take control over your photos, your internet access, your conversations, your internet searches, your preferred food and entertainment, your spendings and earnings et cetera. You get targeted ads based on words you physically say around your microphones, you are told what to think, what to believe, what to fight for and why. A significant part of the population already has loyalty cards for shopping, credit cards that they use for most of their spendings et cetera. They are already controlling the most of their lives, there are only few steps now until complete control. And any of us who try to run away from it all are likely going to stick out like sore thumbs.
The government is trying to be the third wheel in all aspects of your life and it is creepy as hell. Just like End to End encryption, they are trying to forcefully enter as the third end of it.
Truly pseudonymous Bitcoin transactions will in my opinion move into the underground. It will be the currency of the rebels and it will be right next to barter. And yes, the governments will DEFINITELY crack down on all of the rebels when ever they get an opportunity. So much control and yet I have seen no positive change in the crime rates any where in the world. In fact, it does seem like the crime rate worsens instead. Which directly contradicts the motives they are using to control us.
The question is will there be an escape? If they are aggressively cracking down on every private aspect of the internet and are trying to ban VPNs and biometrically control who enters the internet and what for, does this mean that within the next few years we will only gain access to the internet if we biometrically identify ourselves? If so, the idea of using Bitcoin as an escape is either going to be gone for good or there will be a separate internet infrastructure built by us rebels for ourselves. Because if VPNs are banned then Tor will likely be seen just as bad, and if your internet history is watched 24 out of 7 by them 'and you have no intention to hide anything bad' then why would you use Tor? Are you trying to evade the government? Do you not care about the children?
In fact, I believe the European Union is going to ban anonymous transactions and wallets next year. Things look bad even in countries like Switzerland. Soon, it honestly looks like countries such as North Korea and China may provide more freedom than the 'free' countries will.
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Some times I wish Bitcoin had a private blockchain so there would be little to no despair when large moves are combing through the market. Like I kept saying over the years, it looks like all the people who cheer for BlackRock and other giant corporations purchasing trainloads of Bitcoin never see the reality but only a dream. The reality is that institutions are purchasing Bitcoin not to hold it to oblivion but to end up SELLING IT on profit one day.
To me, the positive and negative impacts are different.
Negative? A .5 Billion sale could crash the market for probably a few minutes. It could also psychologically impact people who thought BlackRock would be only purchasing all their existence and never sell.
Positive? There are many. Selling means more Bitcoin spread into multiple hands rather than one. Selling also means institutions hold less manipulative power against the market. If it happens on a profit, it also means Bitcoin has succeeded. It means Bitcoin has done an institution enough profit that a sale is worth doing. How many assets offer this opportunity so quickly?
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I call this BULL SHIT. If he means what he says and is not lying, it is in fact worse than if he shut up. The research required a decade ago to find out the truth whether Bitcoin is for tax evasion and illegal activities was far less than today given how much information about Bitcoin there is now versus then. More over, you would expect someone like him to do actual research and not simply go by article headlines. It only makes things worse for himself!
Be serious. If Bitcoin was struck by sensible regulations so harsh it breaks down the market, it would likely not be worth 100 Dollars but be yet another currency experiment that failed.
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Do you think that an average person will have access to quantum computer? They'll have access to it when everything will be quantum resistant. Good luck building a quantum computer yourself and good luck stealing or selling US, Russia and Chinese intel.
I believe we are on the same set of mind. If the internet will be ready by the time quantum computing reaches hands of average people then I highly, HIGHLY doubt Bitcoin will not be secured against it. If it is not secured within the right time, clearly Bitcoin will either die or at least a ton of us will lose faith and get out. Considering it is being worked on however, I do not see why it should be a scare. If quantum computing will be announced to be ready for consumer end in less than 6 months, I also highly doubt there will be no group of people who will work hard on making Bitcoin secure against it in two to three months, way before any thing bad can happen to it.
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I doubt this will happen.
Very undeveloped countries are not going to have too much fun using Bitcoin and particularly Lightning Network due to a few things. Lack of technology, lack of internet, lack of technological knowledge and putting themselves at risks such as having their lives threatened for having a smart phone, because at that point smart phone owners become targets of crime if they were not already.
Most of the Bitcoin owners I know barely even know what Lightning Network is, and I am not from Africa. The expectation bar should be set kind of low considering you do need to understand not just the very basics of Bitcoin to use it. I believe usage will definitely increase, but Lightning Network adoption is very far from reality.
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Every body here is focusing too much on unimportant aspects such as how the house looks like a mansion. The world is filled up of many cheap houses that look like villas but are very badly constructed or lack main features such as links to city sewage or water. Furniture can be cheap and look good, at least in pictures. It does not mean they are comfortable.
The important aspect is that OP has been able to actually do this and own a property. It would be incredible if the property does have the best features and not only looks like a nice house but actually IS one. A house is a house and nothing compares to knowing you have a roof over your head that you do not have to pay for any more.
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Let's pretend that a Quantum Computer that could break the encryption and steal Satoshi's coins is close to being built - in one year let's say, how long can the Core Developers code a patch and have it merged?
If this ever happens then I presume the entire internet will be compromised for all of us. Bitcoin is a financial motive for such a computer to be created. But by breaking encryption, there are a TON of other things to break and steal. Such as government information and other things. Bitcoin would become useless at least for a while, clearly. Why steal something and render it useless when you can steal US, Russia, China intel and sell it? In my opinion, we simply can not function based off this 'what if?' fear. For all we know, North Korea may be preparing to show the world for the first time something more powerful than what any other scientists have ever created, a computer that breaks encryption way before the known most powerful quantum computers can. In fact, it would be an advantage to Kim. Yet, living in this fear is no good. Because what is the point? Considering this is an issue already being worked on, I believe we are on the right path. Things can happen along the way, we simply have to accept the facts and move on. Bitcoin is digital after all, it is definitely prone to a few attacks. And on the other side of the blade, you have yet another risk. What if a better currency comes ahead of Bitcoin proving it can do things better than Bitcoin can, including being bullet proof in front of any type of computer known to be concievable to man? What do we do then?
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So my question is - How much winning is enough for you in a day. You're answer should be based on your capital not on your multiplier. Also how much is it for losing?
Too much winning? There is no such thing. I would never consider any sum to be 'too much', unless we are talking millions and more. Losing is a different beast. There, I can and must have limits. The thing is. In my opinion, for gambling it is very bad to be greedy but it is just as bad to be too humble. Extremely strategic plays do not work better than non strategic ones, luck is luck and when it hits you it simply does no matter how much or little you prepare for it.
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