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1  Bitcoin / Bitcoin Discussion / Highest Record Bitcoin Transactions, What does this indicate? on: May 02, 2023, 01:27:18 AM
According to Blockchair's records, the highest number of Bitcoin Transactions processed was recorded on Sunday, breaking a 14-year record in Bitcoin history. Yesterday's transaction volume exceeded the previous Bitcoin bull run in 2017. According to Blockchair data on Sunday, there were 568,300 Bitcoin transactions, which is 78,000 more than during Bullran in 2017.



Bitcoin transaction process peaked during bullrun of 2017 but the next two years in 2018-19 the Bitcoin market was completely dumping.  

Bitcoin Transaction Breaks Past Records in 1 May 2023 So What Does This Transaction Growth Indicate For The Future?

2  Bitcoin / Bitcoin Discussion / If you had a time traveling machine, then? on: April 30, 2023, 12:01:42 PM
Bitcoin is such an uncertain future currency that no one can say for sure what will happen in the future. Hundreds of predictions are constantly being made around Bitcoin. Predictions were made about this valuable currency in the past as well but some have gone down in history by selling this precious currency at a low price.

Martti Malmi sold 5050 bitcoins for $5 at a rate of just $0.00099 in 2009, setting the record for the lowest bitcoin sale in history.

Laszlo Hanycez made history by being the first person to buy a product at the lowest price in exchange for Bitcoin. He made history on May 22, 2010 by selling 10,000 Bitcoins for just $40-$45.

Our forum admin sir has sold his 160 bitcoins at a rate of only $0.003 on exchange for $0.48.



Pic collected: Source

Not only here but also in the past hundreds of Bitcoins have been traded which is amazing to see today. Those who traded Bitcoin at that time are now only regretting it and those who bought and held Bitcoin at that time, it is amazing to think how much their fortunes have changed today.

If you could travel back in time today, what would you do?
3  Bitcoin / Bitcoin Discussion / Bitcoin wallet address types and balance Distribution on: April 29, 2023, 08:25:13 AM
Bitcoin is a popular virtual currency that is gaining acceptance among the people of different countries scattered around the world. So the competition to save this valuable currency is increasing day by day. Bitcoin addresses are known by different names depending on the size of bitcoins in which we usually store bitcoins in the wallet.

Bitcoin Addresses based on Amounts of Bitcoin Holdings

Shrimps(<1 BTC)
Crab (1-10 BTC)
Octopus (10-50 BTC)
Fish (50-100 BTC)
Dolphin (100-500 BTC)
Shark (500-1000 BTC)
Whale (1000-5000 BTC)
Humpback (5000+ BTC)



Numbers of wallets and Balance Distribution

Shrimps on average 0.039BTC total address 32M
Crab on average 2.73 BTC  total address 740k
Octopus on Avg 21.75 BTC total address 80k
Fish on average 74.17 BTC total address 12k
Dolphin on average 214 BTC total address 10k
Shark on average 763.63 BTC total address 2.2k
Whales on average 1855.17 BTC total address 1.45k
Humpback on average 14473 BTC total address 190





Burning question:
190 ,1450 Bitcoin Humpback & whales wallets can destroy the Bitcoin market?

If not, will Bitcoin ever be destroyed?

Information taken from: https://www.binance.com/en/feed/post/394827?ref=36294493&utm_campaign=app_share_link
4  Bitcoin / Bitcoin Discussion / Inactive BTC whale transfers $8M worth Bitcoin After 10 years Inactivity on: April 22, 2023, 01:11:41 AM
Mysterious but true, an unknown Bitcoin whale transferred 278.88 ($8M) BTC from his 10-year inactive wallet to three different addresses on Friday after being completely inactive for the past 10 years.
He originally bought and held 1,128 bitcoins in a wallet in 2012 and 2013 when the price of bitcoin was $12 and $195 respectively, but suddenly became active after 10 years and removed 279 bitcoins.

Here's it transferred explorers..
https://bitinfocharts.com/bitcoin/address/12At4GGP8J5p4MtdjNy1SPSkqKEM1mw2FS


How come a holder did not transfer his bitcoins after being inactive for ten years i.e. in 2021 when the price of bitcoins peaked, but in today's down market why did he transfer his bitcoins?

Ref:
https://twitter.com/lookonchain/status/1649387289745977344?s=19
https://decrypt.co/137493/bitcoin-whale-moves-nearly-8m-after-10-years-inactivity

5  Bitcoin / Bitcoin Discussion / "Bitcoin is Speculation & Gambling" - Warren Buffett Critisize on: April 14, 2023, 09:26:09 PM


https://twitter.com/SquawkCNBC/status/1646135432982286338?s=19

According to Warren Buffett, Bitcoin is called a gambling coin because it does not have a fixed value. Warren Buffett cares more about paper money or fiat than Bitcoin, but one thing is very important that Warren Buffett cares about the dollar in this satirical/Critisized  interview.

But in a tweet replay to Bitcoin Magazine, a gentleman gave a strong response to his satirical interview, which is brought to you all.

Dear Mr. Buffett,

I realised recently money is just intermediate value.

It is value that hasnít assumed the form of something we can directly use.

So the value of a dollar is not $1Ėthat would be circular.

It is what you can exchange that dollar for. The seller determines this.

Yet if the value of a dollar ever felt immutable, unchangeable, it was due to a web of implicit trust between buyers, sellers, and institutions.

Institutions willing to enforce its value with might and steel.

So the dollar, the most commonly traded instrument in history, never had intrinsic value.

It had exchange value derived from trust and force.

Banks safekeep and bookkeep money. They are exchange hubs.

Their ledgers are codices of exchanges. Of transaction history.

They also make money by issuing loans, but this third function relies on the first two.

Money first roamed the world as cowrie shells, gold and silver, then cash.

It roams bankspace through SWIFT, ACH, whatever networks banks run in the backroom, maybe FedNow in the future.

Bankspace has become a superfluous middle step because we can now network directly with each other.

Cash has become problematic because so much of it has been issued.

Because so much of it has been issued, a lot of it is being spent, in turn driving prices up and lowering that exchange value of a dollar.

Bitcoin is just money on a blockchain

A blockchain is a peer-to-peer exchange network that bypasses bankspace.

As a networked ledger duplicated across multiple nodes, it addresses the need for safekeeping and bookkeeping.

Bitcoinís like money.

Because it is value in intermediate form, and tradeable for dollars.

Like euros or yen or renminbi.

And its value is ultimately decided by its buyers and sellers, just like money.

And if people counterfeited or issued more Bitcoin, its value would drop in response.

But it was born to have a fixed supply, unlike money.

So itís not a gambling token.

It has characteristics as a network of value exchange that make it a more stable type of money.

A money native to this reality where mobile devices are ubiquitous.

Tweet reply from: https://twitter.com/civic_cat/status/1646933596266168320?s=19

How would you respond to Warren Buffett's anti-Bitcoin comments?
6  Bitcoin / Mining / What would be happened in 2024/28 BTC halving? When mining would be expensive? on: April 11, 2023, 01:14:12 PM
4.3. What do you think will happen to bitcoin in 2024/2028 after the halving, when its mining will be very expensive?

I answered several questions in an interview but out of all the questions I found the above question to be very important. Asked what might happen after the 2024/2028 Bitcoin halving and whether Bitcoin mining will be expensive after the halving.


How Bitcoin Mining Relates to the Bitcoin Halving of 2024/28 and What Will Bitcoin Mining Be Profitable By Then?
7  Bitcoin / Bitcoin Discussion / Europol Sezied 1909 BTC from "Chipmixer" on: March 15, 2023, 04:48:01 PM
"ChipMixer" one of the most popular signature campaign on the Bitcoin forum has been seized by an agency today.
15 March, Europol (European Union Agency for Law Enforcement Cooperation) Sezied total assets 1909.4 BTC which current market value $46M from Chipmixer.
The agency has already shut down the Chipmixer website, the agency also alleged that the Chipmixer website has laundered a total of 152000 BTC ($3.8B) at different times since 2017.



Germany and U.S. Seize Over $46M Crypto Tied to ChipMixer Investigation: Europol
8  Bitcoin / Mining / Biden proposed 30% mining tax. what would impact on Bitcoin mining? on: March 10, 2023, 11:27:05 PM
President Joe Biden's administration has imposed a 30% tax on bitcoin mining electricity use. Bitcoin mining was not very profitable even though this tax was not levied in the past. But what impact will the new electricity cost have on Bitcoin mining?

Will this additional electricity tax attract new miners to Bitcoin mining?

What will be the impact on hashpower for a 30% mining tax?

Even before the imposition of this tax, some mining companies were in losses.
What are the old mining companies thinking about this tax?
9  Bitcoin / Bitcoin Discussion / Did they not know about the importance of Bitcoin? on: March 04, 2023, 02:14:38 AM
Bitcoin is one of the wonders of modern civilization virtual currency that has become a hot topic of discussion all over the world. If you read the history of the Bitcoin, many amazing stories emerge which are presented in front of you in a small scale. Not many people knew about the importance of Bitcoin when it would later become the most talked about topic in the world. Especially if the following few people knew the importance of Bitcoin and its value would increase so much in the future, maybe they would not have created such an event.

Martti Malmi
In October 2009, Finnish computer scientist Martti Malmi sold 5050 Bitcoins at a rate of just $0.00099/BTC, which was the record for the lowest price in Bitcoin history. But this was the first recorded sale of Bitcoin through PayPal.

Laszlo Hanycez
Laszlo Hanycez This guy made a new history of selling bitcoins. He was the first to make history by making the first product purchase with Bitcoin. On May 22, 2010, he made history by selling his 10,000 Bitcoins for just two pizzas. Because of its history, May 22nd is celebrated every year as Bitcoin Pizza Day.

Theymos/Bitcoin Forum Admin
The last person to record a Bitcoin sale was their well-known Bitcoin forum admin, Theymos, on February 20, 2010, who sold 160 Bitcoins at a rate of $0.003/BTC for just 48 cents, the lowest Bitcoin sale in history.
10  Bitcoin / Bitcoin Discussion / Invest in Bitcoin by selling wife's jewelry on: March 01, 2023, 10:16:24 AM


We know gold is very precious metal, but Bitcoin is much more expensive than gold. Bitcoin will cross $100k after halving in 2024 ie if I invest $3000 in Bitcoin now then there is a chance of getting 10x after 2024. If I get $30000 from investing $3000, nothing can be as valuable as Bitcoin. I explained this formula to my wife at night and she was not willing to give me her jewelery at first but today she told me by herself that you can sell my jewelery and invest in Bitcoin. At present I am forced to sell my wife's jewelery as I have no fiat money.
I seek advice from expert investors/holders/users of this forum,,,,
whether selling my wife's jewelery and investing on bitcoins makes sense?
Is it reasonable to invest in gold rather than bitcoin?
11  Bitcoin / Bitcoin Discussion / What was he doing with 0.48 cents? on: February 25, 2023, 05:23:51 PM
Sold 160 bitcoins at $0.003 per bitcoin, the lowest price in bitcoin history. The incident took place 13 years ago today i.e. on 19 February 2010. Someone sold 160 bitcoins for just 48 cents at the lowest price.

Now my question is what did the man do with only 48 cents.

https://twitter.com/pete_rizzo_/status/1627626818390859776?s=19

Today bitcoin price $23100 at my post time
13 years ago bitcoin lowest price $0.003
Now price pumped=23100/0.003=7700000=7.7M times than 2010

12  Bitcoin / Mining software (miners) / Which Mining Softwares more suitable? Why? on: February 23, 2023, 03:42:25 PM
Mining Software is very important for Bitcoin mining. With the evolution of time and the development of technology, different types of mining software are available in the market. It cannot be said with certainty which of them will be the most useful and profitable. Below are some of the popular mining software, which one is the most suitable and why?

1. CGMiner
2. BFGMiner
3. EasyMiner
4. BitMinter
5. CGMiner ASIC/FPGA
6. MultiMiner
7. Diablo miner
8. Bit Moose
9. Miner- Server
10. RPC Miner
13  Bitcoin / Bitcoin Discussion / Bahrainian Hotel accepts bitcoin Payment on: February 19, 2023, 08:39:56 AM
Finally, Bitcoin is going to enter the world beyond the borders of different countries of the world. A hotel in Bahrain "Novotel Bahrain Al Dana Resort" is set to become the first hotel in the world to offer services to customers through Bitcoin payments. The payment system of this hotel will be through Binance App. The Central Bank of Bahrain has welcomed the hotel's payment system, and has assured that other hotels will be interested in recognizing the bitcoin payment system as implemented by the hotel.

News:https://cryptopotato.com/arab-world-crypto-adoption-leading-bahrainian-hotel-accepts-btc-payments-report/
14  Other / Meta / What's AI Written Post? on: February 13, 2023, 09:49:01 AM
I have been wanting to know the answer to a question in the forum for some time, the question seems simple to everyone, but to me the question is very important.

How to post on bitcoin forum using artificial intelligence system?

And is anyone on this forum using the AI ​​writing system?

What are the pros and cons of using AI writing systems?  

AI writing post against forum policy?

A popular campaign manager on this forum @Royse777 has a cautionary rule about this in his managed signature campaign policy.  So are we to assume that AI writing posts is against forum policy?

To prevent AI domination effective from today we are introducing an incentive for forum users. Find AI written posts on this campaign
and report to me either in public or in forum PM, please be sure you have enough reference to support the claim. For successful report
the reporter will receive the weekly payment instead of the accused campaigner. The campaigner will be removed immediately.

15  Other / Serious discussion / Pray for Turkey on: February 08, 2023, 12:27:39 AM


On Monday, the death toll from the catastrophic earthquake in Turkey exceeded 7,826, Turkey's death toll was 5,894, and Syria's death toll was 1,932, bringing the total to 7,826.
According to WHO, the death toll from the 7.8-magnitude earthquake will exceed 2,0000. A senior WHO official said about 23M people, including 1.4M children, were directly and indirectly affected by the earthquake.
More than 8000 people have been rescued from the earthquake debris so far and more than 380000 people have been sheltered in various government, private universities, government hospitals, railway stations, hotels, shopping malls, mosques, stadiums and community centers.
Turkey's disaster management agency reported that a total of 11,342 buildings were reported to have collapsed in the 7.8-magnitude earthquake that struck Turkey on Monday. Out of which they have confirmed reports of 5775 building collapses.

The Sole Meaning of life is to Serve Humanity....by Leo Tolstoy

It is the second largest landslide disaster in Turkey's history, after a devastating earthquake in 1999 that killed more than 20,000 people. At the moment, Turkey needs nothing but help from the world. The people of Turkey need help from the people of the world, be it financially, with medicine, with medical equipment. Meanwhile, various local leaders, including the Turkish president and prime minister, have requested assistance. We, the people of the world, should stand by the Turkish people as much as we can. Always remember that man has appeared on earth to help man. Great sages have said that serving people is the ultimate religion.
16  Other / Beginners & Help / My son, daughter, nephew wants to know about Bitcoin on: January 28, 2023, 06:53:13 AM
I want to know a deep thing from you, I live in a joint family with multiple members including my parents, brothers and sisters, sons and daughters, nephews and nieces. Several people in our family work in cryptocurrency. We always work on Bitcoins and cryptocurrencies with computers and mobile phones. This made my family's young children interested in our work and wanting to know about Bitcoin.

But the problem is that my family's younger children all study in primary label. Should we educate young children about Bitcoin or introduce them to Bitcoin?

Moreover, another important thing is that in my country cryptocurrency i.e. Bitcoin is a completely government banned currency. So should we teach our children about the banned currency?

Moreover, as time progresses, the interest of children towards Bitcoin is increasing day by day.  Would it be reasonable to keep young children away from Bitcoin in the context of my country?


17  Bitcoin / Bitcoin Discussion / Why will Bitcoin have value? on: January 13, 2023, 11:42:53 AM
Scarce Resource
One of the main reasons for Bitcoin's value is that the supply of Bitcoin is limited.  21 million bitcoins will be supplied over 18 million bitcoins have already been mined.  Because the value of Bitcoin is determined by the ratio of supply and demand.  Day by day the demand for BTC is increasing and the number of Bitcoin holders is increasing due to the growing population and the price is likely to increase in the future.  Experts believe that competition between holders will increase the value of BTC in the future when the supply of Bitcoin reaches 21 million while mining Bitcoin will not.
Decentralised Network
Another important reason for BTC's value is that BTC is a fully decentralized networking system.  Centralized network systems could be controlled by governments like traditional currencies or controlled by one or more institutions, individuals and groups.  But since Bitcoin is a completely decentralized system, it cannot be controlled by the government, so Bitcoin is completely Freedom.
Store of Value/Not to be Inflation
Bitcoin works completely against inflation, especially since governments can't regulate it and cannot print it in a printing press like traditional paper money and therefore cannot increase its supply.  So it doesn't get inflation like normal currency. Due to lack of inflation common people can't keep in purchasing power thus Bitcoin's value is maintained.
Bitcoin's Utility & Growing Globally Adoption
Bitcoin's value is maintained as it is exchangeable with various products and day by day various circles, famous people, institutions, countries are recognizing Bitcoin around the world.  Moreover, various business organizations are accepting Bitcoin as a payment system for their business.  Because Bitcoin is such a global revolution, its value will always remain.
18  Bitcoin / Bitcoin Discussion / How to get a hardware wallet in a bitcoin banned country? on: January 07, 2023, 02:08:45 AM
Since the failure of centralized exchange (CEX) adoption, those holding cryptocurrencies have been far more concerned about storing cryptocurrencies on centralized exchanges. I am one of the many holders in this regard. I store all my cryptocurrencies in Binance and Kucoin centralized exchanges, not in any other wallets.  I know keeping cryptocurrency in an online wallet is the same thing as keeping money in someone else's pocket.  But I don't know what to do, especially since cryptocurrency is completely illegal in my country, I can't share any steps directly with anyone.  Especially if he gets involved in legal trouble in my country, his life will end completely.  In this case I am looking for suggestions from senior members on how to get a hardware wallet completely hidden from the public eye.  Hardware wallets are commercially available here and there in other countries but hardware wallets are not commercially available in our country.  So can you give me a proper suggestion on how I can purchase a hardware wallet completely safely.
19  Bitcoin / Bitcoin Discussion / Can offline wallets ever be hacked? on: January 03, 2023, 01:54:27 AM
Until now a warning message from bitcoin forum was "Don't keep Your Money in Online Accounts/wallets" but it's sad to hear that a bitcoin developer's account was hacked and $3.6M(200BTC) assets were hacked from his online and offline wallets.  has been  So the only question we all have is how a hacker can hack or gain access to his offline wallet security password.



Bitcoin core developer Luke Dashjr lost Pretty Good Privacy (PGP) his offine and Online Accounts/ wallets and lost more than 200BTC.

Now my question is how a big bitcoin developer like him lost access to his offline wallet.  So what are the risks of using offline wallets?

@LukeDashjr tweet: https://twitter.com/LukeDashjr/status/1609613748364509184?s=19
CryptoGlobe
20  Bitcoin / Bitcoin Discussion / Where is your bitcoin balance at the end of the year? on: December 29, 2022, 08:57:28 AM
Bitcoin is about to end this year's journey through several hostile markets.  Many have invested in Bitcoin this year and many have sold Bitcoin.  Anyway, who has a balance at the end of the year?  My balance is in this range (0.01-0.1) and there are 5438179 total addresses in this range.  What number position is your wallet in?



Screenshot from: https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
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