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1  Bitcoin / Bitcoin Discussion / Re: How has Bitcoin Changed your life? on: September 18, 2021, 03:04:45 AM
Bitcoin opened up the world of cryptocurrency to me. I never thought I’d see such a beautifully designed currency and a mysterious founder, and it just amazes me.
2  Bitcoin / Bitcoin Discussion / Re: Bitcoin is like a losing lottery ticket on: September 18, 2021, 02:59:10 AM

Bitcoin is a sure-fire lottery.The longer it takes, the bigger the jackpot.Bitcoin is not controlled by a government, which can print as much money as it wants.
3  Bitcoin / Legal / Re: US to make Bitcoin use a FELONY unless report sender's social security number on: September 18, 2021, 02:38:49 AM
My first thought was how to determine if the recipient was a citizen. Is it naïve of me to think that bitcoin’s anonymity plays an important role in being asked to police it, that I think it’s easy to get away with it
4  Alternate cryptocurrencies / Altcoin Discussion / Re: How do crypto projects get funding? on: August 31, 2021, 09:12:42 AM
or is there another way?
As it was mentioned. There are plenty of ways such as private funding. This is the most easiest way for a project to gain funds. Even the project havent started yet. There are somw who gain interest to offer some money in order to support a start up project provided they get the fund with a lower seed price. This is the most risky of all since werent sure whether the platform would go live and could return their investment or luckily earn some profit from it.

Private funding has the disadvantage of being a whale. It has an impact on the development of the project, casting pressure is a common problem.
5  Alternate cryptocurrencies / Altcoin Discussion / Re: Plenty Baby Coins out there on: August 31, 2021, 06:06:53 AM
I call this type of coin meme coin, and I choose to invest in meme coin with strong community support. The most important is that the holding time can not be long, generally not more than a month. You sell it before it crashes, usually when it’s going up. At that time you will be reluctant to part with it, because you think it can rise again. But, in my experience, when you get a lot of referrals, it’s time to step down.
6  Other / Beginners & Help / Re: best crypto venture for beginers on: August 25, 2021, 01:39:41 PM
Hello, this is not advertising. I just wanted to share a good source https://gemvotes.com/ from where I follow all new crypto coins updates. There are also votes, you can see most voted coins. Wink

The website you posted is too difficult for a newbies. First of all, it is the defi project, which is very difficult for novices to operate; secondly, the recommended project is not necessarily a good project, meme coins. The risk is too high.
7  Economy / Scam Accusations / Re: Fake exchange scam in a kind of Ponzi scheme and high yield return on: August 25, 2021, 01:31:27 PM
There is a word to remind investors: You want his high profits, but what he wants is your principal.

Any high-yield investment must be accompanied by high risks.

Liars are very shrewd and will catch our minds and lead us into traps, but as long as we are not greedy, we can avoid them.
8  Other / Beginners & Help / Re: [Beware Newbie]QR Code Generator Scam on: August 25, 2021, 01:19:42 PM
When do I need to use the QR code to convert? I haven't used it before, and the transfer address is copied directly.
9  Bitcoin / Bitcoin Discussion / Re: Why did you miss Bitcoin? on: August 21, 2021, 08:46:16 AM

Why didn't most people expect Bitcoin to be as brilliant as it is today?


Within the time when we started to hear about cryptocurrency and bitcoin in my locale, many had lost all their capital to a perfectly planned ponzi scheme that lasted for well over six months and completely won over the believe of many people until the whole system crashed and people lost their money to the scheme during the festive season. It was a really terrible time for everyone who had invested their money into this online venture, so no one was particularly interested in paying or giving attention and ears to any word about digital or online money. This is perhaps the reason in my locale why many people did not expect bitcoin to be as brilliant as it is today.

A friend told me about bitcoin and it's prospects then, but i was too pained and skeptical being that i just lost my money to one online ponzi to even want to believe another no matter how genuine that it sounded. In my head, it was just another elaborate ponzi scheme. This is why i didn't purchase bitcoin at first, bot like the information wasn't there, but because of my previous experience, i was too reluctant to act.

It sounds like you have experienced a terrifying case.Without capital and enough understanding, you missed the opportunity.

But fortunately, you finally arrived and did not miss the era of cryptocurrency.This is a thankful thing, good luck to you.
10  Other / Beginners & Help / Re: How I wish i knew about Bitcoin before now on: August 19, 2021, 10:01:28 AM
Forget the past. If you buy regularly from now on, you can hold it for more than 5 years, and you are already more successful than 80% of the people in the forum.
11  Other / Beginners & Help / Re: Can you put away your arrogance? on: August 18, 2021, 09:58:01 AM
~snip~

The mistake you made first - telling your friends that you invested in something, it should still be a private matter, especially if you look at it from a security perspective. Owning digital assets in the form of cryptocurrencies is definitely a risk, and even greater if your friends and acquaintances know it.

Another thing, when someone equates Bitcoin with a casino, then that story should stop - such people can't stand that someone disputes their opinion, even if they know they are wrong - because in most cases it all comes down to people out of ignorance talking negatively about something, because they won’t admit that someone is smarter than them.

Religion in the context of cryptocurrencies is another big nonsense - because no one has built a crypto church or prayed to Saint Satoshi every day.

You shouldn't waste your time on people like your friend in the sense of convincing him of something - I would from now on avoided cryptocurrency as a topic of conversation since it is obviously a one-way street for him.

Yes, I regret that I told him now. At first we were talking about how to invest to make money, but then I accidentally said this.

After listening to his long talk, I chose to shut up.His inherent concept is not something I can make clear in a few words.
12  Other / Beginners & Help / Can you put away your arrogance? on: August 17, 2021, 10:02:15 AM
Today, a friend who works in the traditional Internet field announced his opinion after knowing that I bought Bitcoin and some altcoins:

1. He thinks this is a casino. Only those who open the casino and the lucky ones can make money. Don't indulge in gambling and don't be blinded by the deviation of survivors;

2. He believes that the fault tolerance of the blockchain is too poor and the efficiency is too low;

3. He pointed out that the public chain cannot be upgraded, otherwise the consensus will be torn and various forks;

4. He believes that giants represented by Facebook can apply blockchain in the financial field, but this has nothing to do with ordinary people's speculation, and it has nothing to do with the public chain;

5. He believes that Bitcoin is essentially a religion, so it's okay to be bullish, but it's nonsense to talk about blockchain killer applications.

I think what he said is right and a bit wrong, I don't want to say anything more.
Most people in the traditional field will only say that this is a liar, a pyramid scheme. This is not what the first friend told me, but so what?

Weakness does not hinder a person's survival, arrogance does. Weakness is not the end, but a state that can be changed.

Time will prove everything.

Put away your arrogance.
13  Other / Archival / Re: [LIST] Demo Trading Platforms on: August 16, 2021, 12:39:22 PM
Thank you very much for your detailed demonstration. Kiss

The one I use most is Biance Exchange. However, new users cannot activate the futures function.
14  Bitcoin / Bitcoin Discussion / Re: Do you still have thoughts of picking Gold over Bitcoin, read this. on: August 14, 2021, 09:33:49 AM
If you just want to store value without depreciating your assets, I suggest buying gold.

But if you want more and more value, of course, the risk is also high, and short-term price fluctuations can be accepted, I suggest buying Bitcoin.
I will not hesitate to hold Bitcoin.
15  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin really resist inflation? on: August 14, 2021, 09:22:57 AM
If I draw Franklin's face on a piece of paper that doesn't become a 100 dollar bill. It would be a useless piece of paper.
That's the same with altcoins, when a shitcoin copies bitcoin it doesn't affect bitcoin's supply or the fact that it is deflationary. It would simply be considered a weak copy.
Same thing is true if some day banks and other institutes start giving out "fake" bitcoin's through loans, etc. It won't affect bitcoin itself.

This analogy is very apt.Suddenly I understood that replicas are always replicas, and Bitcoin is always Bitcoin. Grin
But I guess OP wants to express bitcoin derivatives, not replicas.
16  Other / Beginners & Help / Re: Whether DeFi's "decentralization" is a false proposition? on: August 14, 2021, 08:59:19 AM
In the past, during the ICO, there was still a project party who came out and said that we had failed.
I bought a memecoin in Pancake last month, and the fund pool was withdrawn after three days. My money was swept away silently, leaving a pile of worthless zero coins.

DeFi greatly reduces the cost of evildoers.In my opinion, it is not decentralization that is released at DeFi, but it depends on the design of the project itself.It is more centralized because of the freedom to design various rules.
17  Bitcoin / Bitcoin Discussion / Re: The risks of using Bitcoin on: August 11, 2021, 08:14:53 AM

  • The risk of Policy
  • The risk of the law
  • The risk of Substitution
Quote
This is a systematic risk, and it is difficult for individuals to avoid it.
  • The risk of Speculation
  • The risk of  Money laundering
    We can control these two risks ourselves. This is not all risks, you are right, but also opportunities. Investors can profit from it.
    18  Bitcoin / Bitcoin Discussion / Re: What is Bit Civilization? on: August 11, 2021, 07:41:54 AM
    Bitcoin is a cultural product, an existence between subjects. Just as Christian culture uses the Bible as its carrier, Confucian culture uses the Four Books and Five Classics as its carrier, Buddhist culture uses Buddhist scriptures as its carrier, and Bitcoin uses code and data as its carrier, it exists in everyone's common imagination.

    Standing on the coordinate axis of the development of human civilization, in the context of the era when mankind has moved from material civilization to digital civilization, the invention of Bitcoin will surely become an indelible milestone on the road of human consciousness and spiritual evolution.
    19  Bitcoin / Bitcoin Discussion / Re: The principle of entropy reduction in Bitcoin mining on: August 04, 2021, 03:47:17 AM
    Entropy is simply understood as transformation, so it is easy to understand the article.
    Mining bitcoin is an energy conversion process, converting heat and wind energy into bitcoin.
    This is an energy consumption in today's society, because the converted bitcoin is useless in their view.

    There is another problem. According to the exposition of the principle of entropy increase, the universe and everything it contains are developing from order to disorder, spontaneously to the increase of chaos, and the cosmic order has been in continuous disintegration. So why has life on earth been in continuous evolution for tens of millions of years?
    Similarly, if bitcoin is regarded as a closed system, it will also perish unless it can get energy outside the system.Is it a waste to continuously supply energy and resources?
    It depends on what people think of the bitcoin. If you think bitcoin is a scam, you will say it is a waste of energy.
    20  Other / Beginners & Help / Re: Introduce Bitcoin in one sentence on: August 04, 2021, 02:43:35 AM
    What's your audience?

    My friends and family, especially my father, can't understand me replacing money with a string of symbols


    Quote
    It's one of the largest networks based on computing power at 90+ exahashes.

    It's a way of sending money anywhere in the world within an hour or two (at most) - incurring very low fees.

    It could be the precursor or something that is actually able to do what debit cards did 30+ years ago.

    Thank you for your professional answer, which is more technical and reliable than mine.
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