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A friend of mine in our discussion today about Bitcoin was insisting that salaries and wages be paid in Bitcoin in some countries. I was of the opinion that the government will not allow fiat to be replaced by Bitcoin .so what is your take on this will it be a positive move on the Bitcoin ecosystem or not
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Dear newbies pls don't rush into making Bitcoin investments like selling a property very valuable to you just to impress on the forum or putting in your entire savings to purchasing Bitcoin I am not against making Bitcoin investments but Before making Bitcoin investments always make sure the odds are safe for you like some members here will say "" make investments that will not affect you" in other words make investments with free money except you have more profiting ideas than hodling
I am sure this is what other investors here do
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Every person is right in his own opinion so do not use offensive words on others who make a post but rather convince them to understanding why their opinion is wrong Some members of this forum do this alot Like saying a person's post is nonsense or is of no use like this post made by a newbie with SOKO- DEKE saying it is nonsense https://bitcointalk.org/index.php?topic=5454681.0Please let us be more polite when making post or replying posts
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Greetings to all.
I'm eager to discuss Bitcoin's potential to transform the decentralized finance (DeFi) industry with you today. As you are all aware, Bitcoin was created in 2009 as a decentralized digital currency. Since then, it has developed into the most widely used cryptocurrency in the world, with a market cap of over $1 trillion.
Although the primary use of Bitcoin has been as a speculative asset or a store of wealth, its underlying technology, the blockchain, has the potential to completely change a variety of industries, including finance. The growth of DeFi in particular has created new opportunities for developing decentralized financial applications that are open, safe, and available to anybody with an internet connection.
What what is DeFi, and how can Bitcoin use it?
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Most recent posts on this forum such as https://bitcointalk.org/index.php?topic=5449800.0Seems more like few persons are scared that they may loss to their Bitcoin hodlings due to the recent drops in price of Bitcoin This is very understandable but as a Bitcoin investor you should know that with the series of price changes Bitcoin has encountered over the years we can say that it rises in value more than it drops . Therefore I want to urge all my fellow bitcointalkers to not lose interest in holding because of these little drops in price keep holding your Bitcoin .It will definitely boom soon
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Most crypto currencies are valued using dollar including Bitcoin .Does this mean that fluctuations in the price of dollar will affect the price of Bitcoin directly or indirectly.since most other currencies(not crypto) still are priced using dollar expecially during exchange. Or does the pricing of dollar value have no effect on Bitcoin
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According to my knowledge from a research article of which I got from a reliable source I understood that the amount of Bitcoin which is in circulation is far less than the total money available in circulation.also the Bitcoin ecosystem is not large enough to cover liquidity properly Since mining is not promisingly efficient how will enough Bitcoin get into circulation? Such that everyone has enough Bitcoins to cover their net worth
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Happy Easter everyone Today I gave out $20 to 5 random high school students each in a WhatsApp group after of course enlightening them about Bitcoin and conducting a quiz for them I did this in hopes of trying to assist in developing the Bitcoin ecosystem although it's of small impact I sent the Bitcoin to Thier noncustodial wallet and also enlightened them on how to manage Thier wallet What do you think!?
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Most persons purchase most items using Bitcoin transactions I am of the opinion of hodling instead of spending pls is that a positive mindset?
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I recently purchased some Bitcoins butAccording to most posts and replies on this forum it seem the best way to hodl Bitcoin is to use a hardware wallet as long as you can keep it safe. Well is the hard ware wallet better than a custodial wallet??
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I have a close friend who recently purchased 0.8 Bitcoins and when we met he was happy and was like " I am now a Bitcoin investor" At that point I go this question in mind ;what does it really take to become a Bitcoin investor .does it mean that if you own a considerable amount of Bitcoin in your wallet you are now a Bitcoin investor or there is more to it aside having a basic knowledge of crypto currencies
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Good day guys . With crypto currencies leading in the present currency and digital banking sector I just wanted to see how much Bitcoin we have actually spent on purchases although the last crypto based purchase I made was when I bought my Mac with 0.029btc excluding block chain fees so what have you bought with Bitcoin?
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According to my knowledge of cryptography and block chains the complexity of a particular coins / tokens cryptograph makes its value higher and also Bitcoin was the first crypto currency. Apart from these are there any other factors affecting it's special nature
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I recently read an article about the basis of creation of new crypto currencies and I discovered it is all about programing where you could create your block chain, modify an existing Blockchain or make your based on an existing one. I am only not clear with what happens to your crypto if you based it on an existing Blockchain and that block chain eventually crumbles?
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Recently according to my research I noticed most digital currencies use more than one network for transactions why is this so
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I came across this question earlier today by a friend so I decided to ask here
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Pls as a citizen of Nigeria it is your right and obligation to vote sitting at home won't help the present condition of the country pls vote and vote wisely
As for me I have my candidate in mind
Na Peter OBi fit help naija at dis point
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Before the recent lunch of core it was speculated that its value would be half of that of Bitcoin which is potentially greater than Ethereum although cores value after lunch was very low compared to their speculation some mining sources say that its value will be greater than that of Ethereum of Which is not promising with the present market cap
I strongly believe that core was not much of a success because their mining duration was too long therefore causing excess supply of the coin during the mining period.
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How fast is mining using hardware or cloud mining Because according to my research most crypto miners use cloud mining
I also read an article that said all Bitcoin come from hardware mining which means that even cloud mining is hosted by hardware miners What do you think?
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