Advice to the OP:

When you try to withdraw and they tell you to send more money to pay up the fees and taxes, don't.

It's all made up to rob more of your money, they even may call you back from different number and fake police action and that in order for money to be released you need to pay some fines.

Police will never ask you for money, check everything and don't trust anyone.
Don't share your personal info over the phone / other types of communications.

A bit of paranoia is healthy for you and your wallet  treat it as a paid lesson, many people lost all their life savings and then some to clever scammers.

Face to face ? more like a 10mm JHP to the face - come on guys, he is a scammer, probably trying to lure out some OG to rob him at gun point or his friends will follow you home and then rob your home.

Maybe he is building a nice story to sell his "precious" wallet file that is password protected / mildly corrupted to give you a hope of recovering thousands of Bitcoins  

Edit: Oh yeah he is a scammer, just checked his post history.

Hello scammer   how is your day ?


I love how you added the hospital to the story so it hits right in the heart man, I cried like a little baby.. and the family! because you would never lie to your family, so it must be truth! Crème de la crème...

Maybe we can exchange wallet files, I bought my coins as well in 2009 for a hundred bucks - at the time I was saving Ethiopian kids with my dying wife...

At least some forum people have place to advertise their gambling sites thanks to your posts (your kind of people),

It's a scam, all your money is lost forever.

Genesis block was hardcoded into the software, due to it's nature it couldn't be otherwise.

BTW, why do you guys have this gambling junk advertisement ? do you get paid to advertise this useless shit ? or is it your business ?
It seems some people talk just to advertise it without adding anything to the conversation.

People were trading on old forum, peer to peer (as it was designed) without centralized exchanges.

Usually by facilitating PayPal (yeah I know, F cancer).

You would be a billionaire either way if you made a small CPU farm before GPU mining began and kept stacking without selling.

But even back then it was more profitable to just buy coins.

2009 = ARM Cortex-A8 at around 600 MHz to 1 GHz clock, so let's take 800 MHz for our purpose.

With a well optimized implementation of SHA-256 we are looking at 53,000 Hashes per second.

Block reward in that year was 50 coins per block and difficulty remained at 1 from 2009 to 2010.

The maximum possible number of coins to mine per month: 144 blocks per day * 50 reward = 7200 coins per day * 30 days = 216000 coins

Here is a calculator you can put numbers in:
https://99bitcoins.com/bitcoin-mining/calculator/

According to it you would find 1 block on average per day (50 coins).

You could buy old phone for close to nothing and fork Bitcoin to see the actual numbers if you manage to find mining software for it.
Worst case scenario you could run web mining on that phone and check that, there are plenty JS implementations on GitHub.

Or just run it on the main Bitcoin chain and just see the performance.

If you want to mine with regular CPU (x86/ARM), RandomX algorithm based projects are for you.
There are no ASIC's for it and probably won't be because to make one you would have to build almost a full blown CPU which kills the profits of any ASIC manufacturer as they are unable to compete with Intel / AMD.

It never had any future, it's just a pump and dump scam.

Enjoy losing your money.

Higher resolution:
https://i.imgur.com/CsoqjWV.jpeg

The main problem with Ethereum is that it's owned by a company and that it was premined and started as ICO.

Now when it switched to PoS, the company has even more power over it.

May God of thunder strike you if you ever use word "Decentralized" along with this doodoo.

ALL Tokens, I'm not even reading into what they can offer - if it's not running own chain, it's a worthless premined crap.

Price will increase indefinitely because it's evaluated in FIAT which is printed without limit, the same way as Gold is increasing in value.

I'm sure we won't see 10x price increases in short period of time in the future (or even now) as marketcap will be too big for that.

As for being used as payment, if devs won't update the protocol for scalability then no, it won't.
Bitcoin will miss the biggest market of them all - being used as Money.

Seeing how things are today and for the past decade, the boat has already sailed away for that market.

You can't get better view on reality from simply asking people on street how they view it.

The challenges you have listed are a big problem and the solution has been there for years so why you still believe "with time" it will be solved ?

You can read my last two posts about it:
https://bitcointalk.org/index.php?topic=5498747.msg64197903#msg64197903
https://bitcointalk.org/index.php?topic=5498747.msg64201969#msg64201969

It's not just removing the cap, this method has it's own protection mechanisms.

Can we stop pretending that this solution do not already exist ? It's working perfectly fine against spam on a live project.


Yes that's true, but only if we close our eyes to the successful project that already uses dynamic block size and has greater security than Bitcoin.

We can put our heads in the sand but the problem will not disappear.

Page 62 describes the mechanism:
https://www.getmonero.org/library/Zero-to-Monero-2-0-0.pdf

BTW. The article you have linked to was just an advertisement for "CertiK Foundation" that's already gone (their main site is dead), seems they have switched to auditing on their new site.

People outside of crypto still think that banks are safe for storing money and that this third-parties with their "insurance" is the only good way to store large amounts of money.

It takes hyper-inflation for people to realize how this "insurance" works and to switch for something different.
Or some hostile takeover due to some accusations.

There are a lot of price fluctuations in crypto space, we can't deny that and we can't guarantee anything in this respect.
But I still take it over physical money that's hard to secure and over third-party custody.

Aside from making nice headlines in articles, Bitcoin in El Salvador was a big failure...

https://www.youtube.com/watch?v=asmOZh-E8W0

You just can't expect poor people to pay high fees for transacting with Bitcoin when their monthly salary is ~400 USD
And you can't expect them to understand LN as even computer savvy guys have problems using it.

In the end, easy of use, transaction fees and speed is what matters the most for regular people, not the decentralization and "number goes up".
This people want to spend, trade, not to hodl.

You couldn't be more wrong.

Here is a lecture for you:
https://thebitcoinmanual.com/articles/bitcoins-battle-with-ofac-compliance/

Due to transparent nature of Bitcoin, big miners can be forced to use black list and remove certain coins from transacting.
And even if your black listed coins find their way into the block, they are easily traced and movement alone can mean jail for you.

As for the question, what it will look like - it will look the same as today but more expensive and more censored.

No, it was created for financial independence from third-parties - not to give out money to "less fortunate" aka lazy people.

Playing on peoples emotions is a very evil thing to do.

Maybe instead of cyber-begging you should try invest this time in getting more knowledge ? it costs nothing.

If I gave every beggar a dollar, today I would be a beggar myself.

As of today most popular adblocking browser plugins do not fully work on youtube, to bypass annoying video ads before actual video you just need to modify link, example:


The video ads that are in middle of the video are successfully blocked with uBlock Origin.

Not all videos will work as some youtubers tick the option for not allowing embeds.

Hopefully adblocking software will update soon, until then enjoy this little bypass