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If Bitcoin becoming a mainstream payment system in the future there will be no banks controlling our money ,and the ideal of faster more cheap international payment will be more interesting . imagine sending money to someone with out any fees ,well it will mainly reduce the government control over citizen ,but first bitcoin most become known to the world .so what are your taught on this topic
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Why still haven't improved? Btc still slow and expensive to send transactions and for sure time like tron has you know that transaction allmost instant wich not the case with btc
Whos fixing that and what could be improved ? And when btc to POS so we don't depend of miners i don't think i want to or trust put my hard earned wealth in mercy of miners,well that's just me i like everything to be perfect and secure but ye btc slow still tron is way better
Yeah, Bitcoin's speed and fees are a total bummer, right? It's like waiting in line at the DMV, but with way higher stakes! Tron's speed is definitely tempting, but remember, speed isn't everything. Think of it like a sports car versus a tank , one's flashy, the other's built to last and withstand a nuclear apocalypse, hopefully Bitcoin's slowness comes from its security model and it's designed to be super secure, which means more verification steps. Improving that speed without compromising security is a HUGE challenge. So for me The whole miners thing is a valid concern. It's a bit like trusting your bank, but with a distributed system of heavily motivated people , so that is all I have to say |
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I will give a few examples just so that we can get the point well. The people who really loved and advocated for Newspapers may have found it difficult to really accept that a new technology that is the news blogs online were taking over. Also the advocates for use of VHS tapes, CD's and DVDs accepting that their technology is phasing out and being replaced by the Movie streams like Netflix, prime video etc. This also applies to investment, People who loved a certain kind of investment are yet to accept that investing in bitcoins is becoming better than most traditional investments.
New technology or innovations are not easily accepted, when that is understood especially when you are an advocate for the technology about to be replaced, you will not criticize those who are yet to accept bitcoin. How well do you think the bitcoin community will accept a new technology that will replace bitcoin? Are we not just going to become the same critics of that new technology even if it offers better opportunities like some people remain critics of investing in bitcoin till today.
well to me new thing replaces old things is just cause by advancement of human knowledge and their ideal But let me be honestly, it's just progress. Like, VHS tapes were cool, but now we've way better stuff. And now, BITCOIN! It's a whole different situation, right? It's like maybe we should just be open to the possibility of something even better coming in the future. I think we should try to be excited about the possibilities instead of just seeing the older things going away. That's tough, I know. But what do you think? Maybe a bit of enthusiasm rather than criticism would be a good feeling, and understand what it will profit to bitcoin |
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Wow, $6.6 trillion in Bitcoin transactions is a HUGE number, But trying to compare it to everything else going on globally is like trying to measure a drop of water in the ocean it's just a tiny part of a much, much larger picture. |
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True, many in traditional finance favor gold. But Bitcoin offers advantages such as programmability, decentralization, and a fixed supply, which gold lacks. It's not an either/or situation; both can potentially exist as valuable assets . The media's focus on gold often reflects a misunderstanding or a deliberate downplaying of Bitcoin's unique properties. |
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I stumbled across this paper that was published a month ago, describing mining strategies on the post fixed block reward era. I found it interesting for discussion, and I share it: https://arxiv.org/pdf/2411.11702. The competition of people trying to get their transactions included in the next block, being the primary factor that determines block reward, is what causes the volatility. If a selfish miner removes honest miners' blocks from the canonical chain, it can extend the block generation time, and make the competition more intense, which will increase his profitability. The existence of real cost (block subsidy) does not allow this strategy to be profitable at the moment. That's a good observation about the interplay between miner competition, block reward, and volatility. You're right, the dynamic of miners vying for inclusion in the next block is a significant factor. The intensity of this competition, influenced by things like hash rate distribution and network congestion, can contribute to price fluctuations indirectly , a sudden spike in mining difficulty, for example, might correlate with a temporary price drop as miners adjust. However, attributing direct volatility solely to this competition is an oversimplification. While selfish mining strategies like the one you described could theoretically manipulate block generation times, the cost of doing so is the risk of being detected .significantly it limits their profitability. The block subsidy is a factor, but other market forces like macroeconomic conditions, regulatory news, adoption rates, and speculative trading are far more influential drivers of Bitcoin's price volatility. The existence of a block subsidy is important, not just because it directly affects profitability but also because it incentivizes miners to secure the network in the first place. If the only reward was transaction fees, it would be much harder to attract and retain the necessary mining power. |
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Good question , A 50% drop in 24 hours for Bitcoin is highly improbable given its current market cap and established position. While sharp corrections are possible we've seen significant drops in the past a move of that magnitude would likely signal a catastrophic event impacting the entire global financial system, not just Bitcoin. Well am still interested in hearing other prespective due to this topic
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Will Satoshi be happy about the idea of the government to adopt Bitcoin & using it as reserve? Sincerely I have had this thought come to my mind few times and I wanted to put it up here today to see what fellow Bitcoinist thinks. There are many more experience Bitcoinist here older than me in the game but for my best knowledge so far are in the quote down. Creation of Bitcoin in 2009 was a direct response to the 2008 financial crisis, offering a decentralized alternative to traditional financial systems. Launching bitcoin was to create a peer to peer payment system which would be way better than all the existing forms of payment methods. The digital currency was intended to provide an alternative payment system that would operate free of central control but otherwise be used just like traditional currencies. A decentralized form of digital cash that eliminates the need for traditional intermediaries like banks and governments. Now that financial institutions and government are becoming interested in Bitcoin, which we all know how this is going to look like on the future. They would want to take control. If Satoshi is still alive, how would he feel and what if he wakes up one day decides to do what I don't want to imagine about? t's a good thought , Satoshi's goals were to create a better, more efficient payment system, not necessarily to prevent all government interaction. Perhaps government adoption, even with its potential downsides, could be viewed as a testament to Bitcoin's success in achieving those initial goals. It forces us to reconsider what true decentralization means in practice. Does it mean complete absence of interaction with governments, or does it mean a system resistant to complete control by any single entity? The debate is far from over, and the evolution of Bitcoin will continue to shape the answer |
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Why still haven't improved? Btc still slow and expensive to send transactions and for sure time like tron has you know that transaction allmost instant wich not the case with btc
Whos fixing that and what could be improved ? And when btc to POS so we don't depend of miners i don't think i want to or trust put my hard earned wealth in mercy of miners,well that's just me i like everything to be perfect and secure but ye btc slow still tron is way better
If you don't intend to do that then simply invest all your wealth in Tron and that solves the problem as you wish. But maybe other people's views are different from yours that's why we believe more in bitcoin as a way to protect the financial value we have so we decide to invest it. If because of the high cost issue it becomes a problem that is getting bigger as you see it, maybe it is only right that your wealth increases, then how are you now? How far can you ensure the security and how it works as expected for Tron in particular, while in bitcoin there is the option to use the Lightning Network and whether that is still an issue in terms of costs and transaction processes for you. You raise valid points about Bitcoin's transaction speed and fees. It's true that Tron, for example, offers faster transactions. However, Bitcoin's security and decentralization are its strengths. Think of it like this speed and low cost often come at the cost of security. Bitcoin prioritizes security, which is why it might be slower and more expensive sometimes. The Lightning Network is a crucial tool for reducing transaction costs on Bitcoin. It allows for transactions outside the main Bitcoin blockchain, which significantly reduces fees and speeds up processing. This is definitely something to look into if you're concerned about costs. Moving to Proof of Stake would fundamentally alter Bitcoin, and that's a complex change with its own set of trade offs. It's about weighing the benefits of speed and lower fees against Bitcoin's inherent security and decentralization. Many people value that security and trust. Ultimately, the choice is yours. Consider your priorities and do your own research. Both Bitcoin and Tron, and other cryptocurrencies, have their own strengths and weaknesses. |
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Yesterday was passing through and reading some interesting news on twitter (x) I came across the tweet of Robert Kiyosaki, the Author of "Rich Dad Poor Dad" tweeting his concerns about bitcoin to hit $350k by 2025.  I want to know, is this tweet specifically for his interest as he is already holding or what? Let discuss why he though that amount is possible next year. But then another respond to his tweet got my attention which i also needs to show here.  Do you think we have another bitcoin critic? This is interesting Robert Kiyosaki's price prediction is certainly ambitious. While he's a well-known figure, it's crucial to remember that he's not a Bitcoin expert, and his predictions should be treated with healthy skepticism. His statement lacks specific reasoning, making it hard to assess the validity of his $350k target. He might be basing it on general market bullishness, inflation fears, or perhaps even just trying to generate attention. The mention of another responding Bitcoin critic is equally important. We need to see that response to assess their arguments. Without the content of their criticism, it's impossible to judge its merit. Many Bitcoin critics cite volatility, regulatory uncertainty, or environmental concerns as reasons for their skepticism. These are valid concerns, but they don't necessarily negate Bitcoin's potential for long-term growth. Ultimately, a $350k Bitcoin price by 2025 is a bold prediction. It's important to do your own research, consider multiple perspectives, and not rely on any single individual's opinion, no matter how influential they may seem. Analyzing on chain metrics and adoption rates |
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https://www.reuters.com/technology/losses-crypto-hacks-jump-22-bln-2024-report-says-2024-12-19/Dec 19 (Reuters) - Funds stolen by hacking cryptocurrency platforms surged 21% from a year ago to $2.2 billion in 2024, a report from blockchain analysis firm Chainalysis showed on Thursday.
The hacking amount exceeded $1 billion for the fourth straight year and the number of incidents rose to 303 from 282 in 2023, it said. Hackers had stolen $1.8 billion in 2023.
The rise in crypto heists comes as bitcoin BTC= jumped 140% this year to surpass $100,000 mark, drawing institutional participation and backing from U.S. President-elect Donald Trump.
Do you think this kind of news could impact Bitcoin adoption in the future? Because if you look at the trends, crypto related crimes has been steadily increasing year by year. Despite governments tightening regulations, it seems like those measures haven’t had much of a positive effect, at least not according to the numbers. I’ve been in crypto for a while, and news about hacks is still pretty common. Most of the time, these incidents are the user’s fault, like poor security practices. It feels like this is an area governments haven’t fully explored yet. So, the real question is, how can they educate people to minimize these crimes? Teaching users proper security measures could do more to protect the crypto ecosystem than simply imposing regulations. Wow, that's a really interesting and important point about the increasing crypto heists. It's definitely a concern for future adoption, and you're right, the numbers don't paint a rosy picture. While the price jump and institutional interest are positive signs, the consistent rise in hacking incidents casts a shadow over the whole space. I hear your frustration with the apparent ineffectiveness of regulations so far. It feels like there's a gap between what governments are doing and the reality on the ground. You're also spot on that user education is crucial. Simple, clear security practices are absolutely vital to minimizing these crimes, way beyond just imposing regulations. A lot of these hacks are indeed due to poor security practices by individual users. Think phishing scams, weak passwords, or not backing up their wallets properly. The sheer scale of these incidents highlights a massive educational opportunity. It's not just about what regulations are in place, but how they're communicated and who is actually receiving the message. |
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Happy New Year in advance! As we step into the new year, the world of cryptocurrency trading continues to fascinate and intimidate in equal measure. Interestingly, while AI is already solving complex problems in various industries, the cryptocurrency trading space still lacks a reliable solution for predicting price movements.
Apart from technical analysis, psychology, and candlestick patterns, I wonder if there's a simpler way to predict the possible movement of cryptocurrencies like BTC, BGB, and DOGE without requiring extensive trading knowledge. This question occurred to me because I'm interested in participating in an upcoming event where daily price predictions of cryptocurrencies can earn credits. As a newbie, can fundamentals or just basic supply & demand zones work?
Well that's a great question a lot of people are asking .the short answer is no , reliable predicting Bitcoin or any crypto price without significant trading experience is highly unlikely . while there are patterns and indicators that crypto market is incredibly volatile and influenced by so many factors like news regulation , market sentiment , technological advancement that even seasoned traders rarely get it right |
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I compare btc with cucci or chanel or rolex, limited stock and high price. Everybody want them to look good and to show others,btc scheme sounds same like rolex the limited supply and high price i compare btc with high fashion designe brands or some special cars like bucati or rolex or some expensive LV hand bags. The same marketing method been used the point is to sell btc with highest price as possible If you buy the btc you can look cool and fancy  So ye btc is fashion like brand Absolutely, that's an interesting comparison! Bitcoin really does carry that luxury vibe, much like high end brands. Just like a limited edition Rolex or a designer handbag, Bitcoin's scarcity and prestige make it appealing to many. It's not just about the investment; it’s also about status and identity. Owning Bitcoin can feel like being part of an exclusive club, and that allure is definitely part of its charm. Plus, the way it’s marketed and perceived in the culture adds to that "luxury brand" image. What do you think drives that desire for people to associate with it |
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Thanks guys for the reply on this thread I will locking now
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Have you tried to manually select any server availabe on the server list? If you see the circle at the bottom left corner just click it and uncheck the automatically select server and then choose any server manually by using right-click and then "use as server".
If it still doesn't work, maybe there's something in your PC preventing any Electrum server from connecting it might be an anti-virus or other software.
You can try changing your PC DNS to test if it is just ISP blocking the Electrum server to connect to your wallet.
Thanks guys, this worked. I selected another server from the list of servers manually and my wallet began to syncronize. my balance has been updated I will be locking this thread now thanks guys |
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I'm having some issues with my electrum bitcoin wallet syncing, and I'm hoping someone can help me out. I've tried restarting my computer, updating my wallet software, and even reinstalling the wallet, but nothing seems to be working.
Has anyone else experienced this issue? What steps did you take to resolve it? Are there any specific troubleshooting tips or solutions that I should know please I need help
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What are your thoughts on ASIC resistance and its potential impact on Bitcoin mining? Do you think it's possible to create an ASIC-resistant algorithm that would allow for more decentralized mining, or is it an unrealistic goal?
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I completely agree with every one. The idea tha the entire Bitcoin market is hanging on the balance, waiting for US to decide on a strategic reserve, is absurd. Bitcoin has survived despite numerous setbacks and FUD (fear and doubt) .well I will say
It's ridiculous to think that a single decision by the US government would make or break Bitcoin. The cryptocurrency has a life of its own, driven by a global community of , developers, and investors.
Well Let's not forget that Bitcoin's value lies on its , open-source nature, which allows it to operate independently of government decisions. So, whether or not the US decides to create a strategic reserve, Bitcoin will continue to evolve and grow.
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Bitcointalk username:Justtoons
Telegram username:Justtoons
Join Campaign : signature
Whisper MSG Wallet Address:0x06bF03Ca48d5Cd2E434404c657b38f2F9f5633Ec
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@ deadsea33 has round 6 ended, it seems no one is getting a clue of the answer. I don't know if you could help out with this one please so that the contest could continue.
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