Bitcoin Forum
June 21, 2024, 11:25:35 AM *
News: Voting for pizza day contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1] 2 »
1  Bitcoin / Bitcoin Discussion / US Recovers And Returns Over $500,000 In Bitcoin Stolen From A Coinbase User on: March 19, 2022, 09:20:53 AM
Quote
The United States Attorney's Office has recouped more than $500,000 in Bitcoin stolen from an elderly citizen of North Carolina. The fraudsters purported to be from the Inspector General's Office. The victim invested his retirement assets in Bitcoin through a cryptocurrency exchange. The transaction was flagged as possibly being an elder financial fraud.

How can the government rehabilitate itself? I realize that an address may be tracked and monitored, but how about a return? How is that possible??

Source: https://bobosandwojaks.com/more-than-500000-in-bitcoin-stolen-from-a-coinbase-user-is-recovered-and-returned-by-the-us-government/
2  Bitcoin / Bitcoin Discussion / We should forget that there'll be 21M BTC on: March 18, 2022, 09:59:25 AM
Individuals should completely disabuse themselves of the notion that there will ever be 21 million Bitcoins


Taking lost and inaccessible coins into consideration, as well as Satoshi's 1M BTC lockup, there will never be more than 14M BTC available. Coins that have been lost are irretrievable.
Wallets that have been locked are inaccessible. And who knows what will become of Satoshi's incarceration. This number will steadily drop as adoption expands, as additional people with bad discipline, a lack of responsibility, or an inability to pay attention will also lose their coins. Bitcoin is obviously highly cheap, but it becomes much more so when you consider the premise that only 21 million Bitcoins will ever be created. If the larger crypto community and the financial world were aware of this, Bitcoin's price would be considerably higher right now.

What do you think?
3  Bitcoin / Bitcoin Discussion / El Salvador's President Bukele gets An 85% Approval Rating on: March 15, 2022, 10:54:10 AM
An opinion survey conducted by Gallup found that El Salvador's President Nayib Bukele has received an approval rating of 85 percent. He is the most highly regarded Latin American leader among 11 Latin American countries ranging from Mexico to Peru, according to polls. In September 2021, the Central American country of El Salvador declared Bitcoin to be legal money. With the tactic of buying the drop, the nation has significantly expanded its Bitcoin holdings.

What do you think of this development?
4  Other / Off-topic / EU's new decision on: March 14, 2022, 11:44:53 AM
Between 1933 and 1974, the average yearly gold price in the United States increased by 484.8 percent, from $26.33 to $154 per ounce. The EU's proposed prohibition is a signal that depreciation of fiat currencies is projected to intensify in the next decades.

What do you anticipate occurring in the near and long term?
5  Bitcoin / Bitcoin Discussion / Remind yourself that 50% of all purchases in the United States are under $25. on: March 12, 2022, 09:36:03 AM
Consumer spending accounts for 70% of the US economy, with half of all consumer expenditures falling beneath the $25 threshold. We are still a long way from the typical individual purchasing homes and automobiles with bitcoin, but that is great. A cup of coffee or a tank of petrol are examples of the microtransactions that comprise the majority of the US economy. Even a tiny fraction of these transactions will be conducted in bitcoin, which will have a significant impact.
6  Bitcoin / Bitcoin Discussion / Billionaires and Bitcoin on: March 11, 2022, 10:30:00 AM
If you were a billionaire in the United States, how terrified would you be to see a foreign national's assets and bank accounts blocked for no reason of their own?

If you were an American Billionaire, how terrified would you be to witness a *Foreign Billionaire* having their assets and bank accounts seized for no reason of their own?

Billionaires worldwide are fearful at the moment. They can only be rescued from the sinking ship by Bitcoin lifeboats. The whole population is being saturated, including people who have never touched a drop of water in their lives.
7  Bitcoin / Bitcoin Discussion / Bitcoin & California on: March 10, 2022, 11:28:39 AM
Bitcoin enthusiasts in California are attempting to make their state the first to recognize cryptocurrency as legal tender A state legislator in California has introduced legislation that would make bitcoin legal money in the state. The action would be in violation of the US Constitution, which provides that Congress has the exclusive authority to declare what is and isn't legal money. According to the Constitution, however, state officials are responsible for defining "legal tender."
8  Bitcoin / Bitcoin Discussion / What will happen to the Bitcoin network if Russia blocks access to the internet? on: March 08, 2022, 11:02:33 AM
Russia is considering shutting down the internet connection to the rest of the globe. What will occur? Is the hash rate decreasing? What will happen if the connection is re-established in a few years?
9  Bitcoin / Bitcoin Discussion / Buying BTC vs Mining it on: March 07, 2022, 12:17:52 PM
How about this for an improvement: BTC mining vs. BTC possession. Moreover, what is the reason?

In other words, if I had a 40k right now, should I buy a model such as the Antminer L7, for instance? Purchase a single bitcoin, if that is your preference.
10  Bitcoin / Bitcoin Discussion / According to Bill Miller, the collapse of Russia's currency is good for Bitcoin on: March 04, 2022, 08:55:55 AM
Quote
Bill Miller, a billionaire investor, says that Russia would likely turn to Bitcoin to reclaim control of their resources. Western sanctions have now blocked Russia's foreign exchange reserves. Bitcoin is frequently regarded as a superior "digital gold" that can partially or completely replace national currencies.


What are your thoughts and opinions on this? I would love to hear it!
11  Bitcoin / Bitcoin Discussion / This Ukraine issue has me thinking a lot. In a crisis, how valuable is bitcoin? on: March 02, 2022, 06:46:35 AM
Assume you must evacuate your house during a wartime situation. You don't have any cash, but it's been depreciated owing to previous occurrences.

You, on the other hand, have your phone, hardware wallet, and seeds. You're in a nice mood.

The internet and cellphone networks then fall down.

How do you intend to use your bitcoin? Is it completely worthless?


Seeing a lot of news lately like: https://mycryptoparadise.com/ukraine-suspends-electronic-bank-transactions-following-its-unrest-with-russia/
12  Bitcoin / Bitcoin Discussion / Bitcoin as a means to restore people's authority over money on: March 01, 2022, 07:32:34 AM
Bitcoin was developed to restore people's authority over money. The benefits that Bitcoin provides go far beyond what most people can fathom.

Bitcoin has shown to be a fantastic value store in 2020. It has enabled millions to avoid the monetary hyperinflation caused by central bankers' irresponsible judgments.

Since the start of 2022, Bitcoin has shown to be much more than value storage. Those who claim Bitcoin is simply a value store should accept that it is the only worldwide P2P payment system whose transactions cannot be banned.

Bitcoin is proven to be a vital ally for Ukraine in the face of Russian aggression. The financial system is shut down, yet Bitcoin keeps working, allowing Ukrainians to live and progress.

Bitcoin will also help the Russian people to best shield themselves from the economic and financial sanctions that would bring Russia down, proving that it is a weapon of peace, not war. These sanctions are meant to force Putin to bend, but the people will bear the brunt. As usual, I'd say.

The Russians will discover in Bitcoin a weapon to protect themselves from the collapse of the native currency and the bank limits on withdrawals in particular.

Bitcoin was established to assist individuals to deal with the present system's problems, whether economic or political. And in these gloomy times, Bitcoin is shown to be a vital requirement for the future globe.

As more individuals become aware of this truth, the acceptance of Bitcoin will accelerate in the next months and years. Bitcoin's future is bright.

What are your thoughts?
13  Bitcoin / Bitcoin Discussion / To what extent are Russians capable of storing their riches in Bitcoin? on: February 28, 2022, 11:23:22 AM
The Ruble is rapidly losing value, and the Russian government is considering seizing residents' cash.

Bitcoin appears to be an obvious solution for preserving your wealth in this circumstance.

However, is this even possible? What would a Russian do in this situation? Are they able to just transfer their Rubles to exchange, purchase Bitcoin, and then transfer it to a wallet?

And, if so, is it attainable? Will someone who has worked their entire lives and saved money for their family's future trust a strange technique to transfer that money to a USB stick?
14  Bitcoin / Bitcoin Discussion / Bitcoin and international conflict on: February 24, 2022, 11:39:39 AM
Quote
Why is bitcoin losing value at a time of conflict? Isn't it intended to do the opposite?


What I believe:


It depends on your perspective, whether short- or long-term.


Bitcoin is not and has never been immune to short-term hysteria.


Bitcoin benefits in the long run from efforts to shut out whole countries from the international correspondent banking system.


Obviously, I am on the side of the excluded, i.e. the misfits. My good buddies are all financial misfits!


How do you feel about this?
15  Bitcoin / Bitcoin Discussion / What happened to the remaining 500k BTC following the MtGox hack? on: February 21, 2022, 11:32:37 AM
With the Mt.Gox distribution approaching, and the latest claim of Bitfinex hacked currencies, I'm wondering if the remaining MtGox money will ever be retrieved.


Are there any articles that go into depth on tracing these coins and pinpointing the addresses where they are now?
16  Economy / Economics / People over 65 having most of wealth in US on: February 19, 2022, 11:23:57 AM
People over the age of 65 accounts for 76 percent of all wealth in the United States.

Consider where the crypto markets will be when the younger generations that have grown up with cryptocurrency reach the age of this group...
17  Alternate cryptocurrencies / Altcoin Discussion / US president to issue order next week on: February 18, 2022, 11:29:17 AM
The President of the United States is expected to issue an Executive Order on Cryptocurrency Regulation next week. What may we expect as a result of this?
18  Economy / Speculation / Is There a Bitcoin Supercycle? Is this the end of 80% drawdowns? on: February 17, 2022, 10:27:06 AM
The price movement of Bitcoin over the last year has been extremely intriguing. We haven't witnessed that significant drawdown yet, which has prompted some to believe that the cycles have shifted and that we are now in what is known as a super cycle (bull markets and mini bear markets). People on Twitter speculated about a supercycle earlier this year, so it's not like it sprang out of nowhere. Personally, I believe that the conventional cycles have now been disrupted. But I'm interested in what everyone else thinks.
19  Other / Politics & Society / UK banks issuing bonus on: February 16, 2022, 10:05:20 AM
UK banks are scheduled to pay out the largest ever bonuses totaling £4 billion, despite the fact that we are facing the most severe squeeze since 1990.

According to sources, British bankers will begin receiving the largest bonuses since before the 2008 global financial crisis this week, as their companies compete in an "increasingly heated struggle for talent." According to Refinitiv research, London's mergers and acquisitions (M&A) bankers would earn a total fee of $3.5 billion (£2.6 billion) in 2021. Bonuses of more than £4 billion are likely to be paid out by HSBC, Barclays, Lloyds Banking Group, and NatWest.

What are your opinions on the matter?
20  Bitcoin / Bitcoin Discussion / Bitcoin War on: February 14, 2022, 11:17:04 AM
Authoritarian governments would very certainly fight to maintain their use of money as a control device.


Do you anticipate a future in which there is a large-scale battle between pro-and anti-Bitcoin nations?


I don't believe that's a very likely scenario, but it's a concept I've had, and I'd want to hear your thoughts on it.

Thanks!
Pages: [1] 2 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!