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December 02, 2021, 08:11:24 AM *
News: Latest Bitcoin Core release: 22.0 [Torrent]
 
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21  Bitcoin / Bitcoin Discussion / Hackers/Public will have Access to Quantum Computers in 5-10 years? on: August 14, 2021, 01:34:19 PM
There's a couple of interesting white papers to read:

https://arqit-res.cloudinary.com/image/upload/v1627024109/Assessment_of_Quantum_Threat_To_Bitcoin_and_Derives_Cyrptocurrencies_nrp6iq.pdf

https://arqit-res.cloudinary.com/image/upload/v1627369111/Digital_assets_The_security_problem__yya4bn.pdf


So Quantum Computers will be available to buy in the shops in lets say 10 years time from now and 5 years from now the first commercial business grade quantum computers will be available for sale for businesses.

Quantum computers can get anyone's private keys in fraction of a second.

The few quantum computers in the world today owned by the Big tech giants such as google, Microsoft, even china has one is used to harvest all that data from billions of people to a single point Ai. These quantum computers are massive, require a lot of cooling and are power hungry that require nuclear reactors to run them. But these are the 1st generation quantum computers.

Eventually these quantum computers will get smaller, more efficient to run off the electricity in your home and everyone will have quantum computer in their bedrooms when they hit the shelves in shops or on Amazon online in 10 years time but at a crazy price tag so not everyone can afford one in 10 years time but they will get cheaper and become mainstream especially with gamers for obvious reasons. Playing fortnite at crazy 16k resolution at million frames per second.

So how can Bitcoin survive in this technological quantum era? The B in Bitcoin stands for Bits. Quantum computing is Qubits meaning it can be a binary 1 or 0 at the same time similarly like a light switch being on or off at the same time that sounds crazy and impossible.

Will there be Qitcoin or somewhat?
22  Alternate cryptocurrencies / Altcoin Discussion / Unregistered Securities SEC Crypto Regulations & Investor Protection Questions on: August 04, 2021, 10:09:14 PM
The Head of the SEC Gary said the upcoming crypto regulation is on Unregistered securities which is illegal.

When looking for altcoins on CoinMarketCap, how do we know which Alts raised money through ICO's?

So any Altcoin that raised money/capital from the beginning to fund its project is a Unregistered Security?

Are all POS coins come under Securities because POS coins can be sold straight away to raise money for the Alt project at the beginning because no waiting/mining is required on POS coins right?

Which ERC-20 coins or POS coins/projects did not need raised money from its beginning from investors?

So only POW coins like Bitcoin are exempt from this new regulation? But POW coins might face new energy wastage global warming regulation  Huh

When Gary says protections for Investors in crypto does he mean FDIC or SPIC Insurance protection? If so how this is implemented in crypto like it already is in Traditional Banks?

So all upcoming regulations and protections from the SEC only applies to USA based crypto alt projects & USA based crypto exchanges? If not then how can SEC regulate alts and exchanges outside of the USA because it is out of their jurisdiction correct? For example can the SEC have the jurisdiction & Power to shut down Chines Binance?

Lastly which altcoins are legal and registered as Securities with the SEC filings?

Finally the XRP Ripple Case, what is Ripple XRP main defence against the unregistered security allegation against them? If these upcoming regulations come into law soon before Ripple case is finished then Ripple will lose right?






23  Bitcoin / Bitcoin Discussion / Elon wants Bitcoin to be a Currency not a Asset from the 'B' Word on: July 22, 2021, 09:06:57 PM
- At what Market cap Bitcoin must be to become less volatile and more stable similar to the Swiss Franc currency CHF so bitcoin owners can start spending their Sats on everyday groceries and a morning commute coffee drink?

- When will Bitcoin become easy to use like a credit card, like swipe/contactless directly without using 3rd parties to facilitate this? I know there's bitcoin credit cards but they still using 3rd party Visa or Mastercard facility for this which is centralized not decentralized. What's the point of using decentralized bitcoin to pay for stuff when we still need to rely on middle man centralized visa or mastercard who can freeze your card anytime they feel like it. Bitcoin is suppose to be independent and decentralized. Imagine buying a lambo on a bitcoin credit card and realise at the checkout till desk visa or mastercard has declined your payment  Shocked

- Really Cheap or Free BTC transaction fees.

Bitcoin can become world reserve currency status overtaking $US Dollar if just the 3 above is accomplished and reached. If Bitcoin wants to be a Asset instead like Gold Store of Value then above 3 doesn't matter and yeah world reserve currency status doesn't matter too.


Elon says Bitcoin Mining can be used as a heater to heat up non residential rooms instead of using a normal conventional boiler/heater so it doesn't look like energy wastage. For example similar to using your bath water to water the plants in your garden or use the bath water to wash your car so no water wastage or not turning on the lights and staying in the dark to save energy. So what about bitcoin mining in hot countries in relation to Elon discussion on btc mining heating   Huh

Is it possible to put up bitcoin mining rig on each of his star link satellites that can get solar energy directly from the sun so it looks greener?

Why is it that only Bitcoin is picked on by governments and mainstream media blaming it as the climate destroyer of our planet when there's 1000s of industries out there especially the crude oil industry that does million times worse damage and banks that have brick and mortar branches that waste energy because most banking customers do online banking anyway Huh

I bet Tesla operations does more harm to the planet than Bitcoin. How can a bunch GPU's kill our planet and they not even overclocked also lol?

I can get a solar powered calculator and run useless math equations on it in the whole daytime outside before it gets dark which is waste of my time and waste of suns energy but as long its not killing the planet then who cares and why governments and mainstream media cares about bitcoin mining that is already 75% renewable anyway?

So has the Bitcoin Community decided whether Bitcoin will be a 'Currency' or 'Asset' and from there Bitcoin can move on and leave these stupid arguments behind

I know original Satoshi Nakamoto whitepaper mentions Currency but back in 2008/2009 it was suitable for currency then because back then fees were dirt cheap or free due to Btc being new back then with less volume and easier mining.
24  Economy / Economics / Real Inflation only happens when Central Banks print High Denominated Notes? on: June 23, 2021, 03:20:00 PM
I noticed that every country that experienced high/hyper inflation, the central bank in that country has to print a very high denominated fiat note/bill.

For example in Zimbabwe I see kids carrying notes in their pockets displaying on them $10 Trillion Zimbabwe dollars. These poor starving kids are trillionaires much richer than the richest billionaires like Elon Musk and Bill Gates on the planet on a monetary unit scale.

In the US the highest denominated note bill now is $100.

So the question is as long the highest denominated bill still remains $100 then there wont be any high/hyper inflation worries in the future?

I understand if the Federal Reserve printed a $1000 bill/note then that would be concerning right?

The Fed can print trillions and still print trillions but as long the fed keeps the highest denominated note bill to $100 they they can manipulate inflation in their control correct and keep their $US Dollar still in power?

Bitcoin is a hedge against inflation but if there's no inflation or there is inflation but manipulated to look like there's no inflation then what that will mean for bitcoin?
25  Alternate cryptocurrencies / Altcoin Discussion / KNC or KNCL? Kyber on: May 20, 2021, 07:11:04 PM
Confused  Huh

Kyber Network Crystal & Kyber Network Crystal Legacy the same coins? Or is this like Bitcoin & Bitcoin Cash?

Which one is the most supported and liked by the Kyber community?

Which Kyber is on the Kraken exchange?
26  Bitcoin / Bitcoin Discussion / Bitcoin TapRoot Update? on: May 17, 2021, 11:03:10 PM
Can someone ELI5:

- Is this a hard fork or soft fork?

- A swap to a newer chain?

- If hard fork will bitcoin hodlers get free airdrop?


What date this year the update will happen?

Is this similar to the 'Segwit' update back in near fall in 2017?

What is TapRoot?
27  Bitcoin / Bitcoin Discussion / "Britcoin" Scam, UK's new CBDC on: April 26, 2021, 10:31:42 PM
https://moneyweek.com/investments/alternative-finance/bitcoin-crypto/603150/what-is-britcoin-and-what-could-it-mean-for

A lot of UK people will think this is Bitcoin, legalised by the UK Government as it sounds the same as "Britcoin"

Central Banks are simply just taking the p*** with Bitcoin now by copying its name and people will fall for it.

This new Britcoin Central Bank Digital Currency will try and steal the true bitcoin credibility, repackage it as Britcoin and sell it to the people of UK  Roll Eyes
28  Alternate cryptocurrencies / Altcoin Discussion / All Eyes on BTC Dominance! on: April 11, 2021, 10:09:33 AM
What's the lowest do you guys think BTC dominance will touch down to? 50% or lower?

Questions:

- Once btc rallies to next leg up to $70k then will that mean btc dominance will recover and from there will alts go sideways or go down in price?

- Once btc stops at $70k and go sideways between $60-70k like it is doing now between $50-60k then will btc lose dominance and its alt season again for another month or longer right till btc takes the next leg up to $80k right?

- If everyone expects btc to top $100k in this bull market then from my calculations if bitcoin is doing this every $10k leg up predictable pattern that is every $10k leg up for btc then it goes sideways for a month or so then we have remaining 3-4 alt seasons left in this year before everything crashes into the new following bear market right?

Why is it becoming so predictable like this pattern described above  Huh But easy predictability means more money making yeah  Cool
29  Alternate cryptocurrencies / Altcoin Discussion / Which Altcoins shall I NOT Buy and Why? on: April 08, 2021, 10:57:42 PM
- Status

- Polymath Network

- StormX

- FUNToken

- IoTeX

- Linear


Which ones are known to be scams or dead projects with no social media updates or simply just shitcoins with no real world use?

If you had $1000, which ones would you avoid?
30  Bitcoin / Bitcoin Discussion / 'The Simpsons' know who Satoshi Nakamoto is! on: March 18, 2021, 12:15:24 AM
Most of their predictions within past decades have come true to this present day. Its like the producers of this popular cartoon tv show have a crystal ball or something.

In one scene in a episode I don't know which season it shows a crypto holder buying a jet ski with a device that looks like a ledger nano or hardware wallet or whatever. The crypto holder must be rich to walk in a shop and buy his own jet ski lol.

But in that episode the producers wrote a message on screen saying they know who Satoshi Nakamoto is  Shocked

I believe in a future episode they will reveal who Satoshi is when Btc at its price peak or something, who knows?
31  Alternate cryptocurrencies / Altcoin Discussion / How do we know if a Altcoin has been Pre-Mined? on: March 16, 2021, 02:29:46 PM
On CoinMarketCap or CoinGecko how do we know when looking at a coin that it has been pre-mined?

Is there any legal legitimate reasons for pre-mining or it is a scam?

Has bitcoin been pre-mined by Satoshi himself?


People say Ethereum has been pre-mined but Ethereum has a infinite supply so why there's a incentive to pre-mine it  Huh

Pre-mine does not apply to POS coins? Only affects POW coins?
32  Alternate cryptocurrencies / Altcoin Discussion / Why NEM (XEM) Crashing? Scam? on: March 13, 2021, 01:21:40 AM
Lost half of its value.

The last posts on the NEM board on this forum saying its a scam? Why people calling it a scam?

Is there a swap to newer blockchain Symbol (XYM)?

If buyers buy the NEM dip now then will these NEM coins be worthless when Symbol coin comes out? Can buyers that bought NEM today swap their NEM for Symbol?

Or is this a hard fork or something where NEM holders get a free 1:1 airdrop of Symbol coins  Huh

What's the max supply of the new Symbol coin?

Is it crashed because NEM holders think their NEM coins be worthless?
33  Alternate cryptocurrencies / Service Discussion (Altcoins) / New To Gemini Exchange, Missing Trading Pairs help on: March 12, 2021, 01:41:42 PM
Hi from UK here.

How do I trade Dai for USD on Gemini ActiveTrader?

I see the pair is available on this exchange at:
https://www.coingecko.com/en/exchanges/gemini

Why cant I see all of the trading pairs in ActiveTrader interface?

I can see the all trading pairs in the easy exchange interface however I cant do limit orders on easy.

Am I restricted to sell my Dai for GBP first then I'm only restricted to market orders with GBP on the easy interface because I'm a UK customer?

Anyone from UK having similar problems with Gemini?
34  Alternate cryptocurrencies / Altcoin Discussion / Beginner to NFT's help on: March 11, 2021, 10:03:38 PM
Hi,

What does it mean something to be Non Fungible?

Are NFT's just digital art/pics like gifs or jpegs or is it more to it than that and if so what are they?

Gifs and jpegs pics can be copied and pasted a million times right with no degradation in picture quality because its digital that is same 1's and 0's in the copies.

The original Mona Lisa painting is really valuable because it cant be copied & pasted with 100% accuracy like digital art can.

So why NFT's gaining popularity and price?

Are NFT's just original uncompressed pics/photos/art files created by the artist on a computer like in Microsoft paint or something?
35  Alternate cryptocurrencies / Altcoin Discussion / Which Altcoins shall I Buy Now!!!!!!!? on: March 11, 2021, 01:04:32 AM
These alts that have millions in supply:

- Leo Token

- Bitmax Token

- Mdex

- cUni

- GateToken

- OriginTrail

- Utrust

- Hathor


The following alts have at least a billion in supply:

- Fantom

- Stacks

- Polymath Network

- Sand

- Fetch.ai

- Coti

- Ultra

- RSK Infrastructure Network

- District0x


All coins above are within the top 200 rankings.

Which coins will make me a millionaire on a $1000 investment Cool?

I'm looking for coins that will more likely end up having a real world usage good fundamentals and also have a active social media presence that has lots of followers/subscribers where the followers/subs get updated regularly from the project development team. I don't want coins where their social media pages has been dead or dry or no content in the past winter bear market and suddenly come back into life in this current bull market which is suspicious Roll Eyes

Which coins would you invest your $1k in and why?
36  Alternate cryptocurrencies / Altcoin Discussion / De-Fi Protocol/Governance Failures Questions on: March 10, 2021, 12:33:15 AM
For example lets look at a stable coin Dai:

Its suppose to be a decentralized stable coin from MakerDao that totally relies on Ethereum smart contracts to keeps its value stable and pegged to $1 each.

Questions are:

- If Eth screws up on Eth 2.0 launch or doesn't release Eth 2.0 or gets flipped by BSC or whatever causing Eth price and erc20 coins to crash to 0 then can that cause a protocol failure that can cause Dai to crash to 0 too or corrupt or breach existing running smart contracts at the time?

- Does smart contracts have a programmed algorithm in there that automatically protects users from losses if the above happens or can smart contracts detect Eth market collapse like mentioned above? Its called 'Smart' contract for a reason right?

- Can buggy code in a running live smart contract be patched up on the fly?

- If MakerDao coin crashes to 0 then will this drag down Dai to 0 too?

- Decentralized Governance, what is this? When we think of Governments we think centralized point of power and control that sets out rules. How does decentralized governance work and where does this type of governance gets it data inputted from to set rules? Can decentralized governance be managed by Ai where independent smart Ai is smart enough to make its own rules & program algorithms without requiring external data input to make it work?

- When you guys think this whole De-Fi ecosystem will mature that runs near 100% uptime with no probs on the network that will replace the traditional existing centralized old banking system were on now?




37  Alternate cryptocurrencies / Service Discussion (Altcoins) / Atomic Swaps or Decentralized Exchanges? on: March 08, 2021, 11:23:26 PM
Which atomic swap service is the best out there that allows you to sell your popular common crypto's for dai?

Are decentralized exchanges same as atomic swaps?

Do both of these services have to comply with tax regulations and KYC? If not then can governments ban them or shut them down?

Which is the best decentralized exchange out there?
38  Alternate cryptocurrencies / Altcoin Discussion / Algorithmic Stablecoins? on: March 06, 2021, 05:42:50 PM
What it means that a stablecoin is Algorithmic?

Does it mean that it has to be centralized to begin with to be remotely programmed by a employee at the centralized office that programs it with new algorithms? This is called programmable money right?

For example if a centralized entity programs their algorithmic stablecoin to ban purchase of bitcoin with it hence when the holder of this algorithmic coin tries to buy btc with it then the holder will automatically get not allowed red error message on screen?

Is it possible to have decentralized algorithmic stablecoins?

Will algorithmic stablecoins take over normal stablecoins like USDT, USDC, BUSD, DAi and if so why?


Can we say CBDC's Central Bank Digital Currencies is similar to Algorithmic stablecoins because it is programmable money unlike cash or e-cash such as paypal for example where they cant program the cash with algorithmic rules, such as for example a algorithm that restricts the user to buy stuff at certain times of the day for example program the money to automatically ban buying beer from a store late at night to avoid drunk driving or whatever?

So basically with programmable money the user is not in control of the money they earnt but the issuer is?

39  Alternate cryptocurrencies / Altcoin Discussion / Volatile Gwei Gas Fees help! on: March 05, 2021, 01:10:34 AM
Its like every 10 secs the fees are so volatile according to:

https://ethgasstation.info/index.php?curr=gbp

I sent coins to exchange at 'standard less than 5 mins' fee at 105 Gwei which was recommended at the time on the site above. After like 20 secs later I refreshed that site and now the same fee has gone up to 132 gwei  Shocked

Now I see on the Etherscan global transaction explorer that it will take 11hrs still Pending status for confirmation wth  Angry

When I choose gwei when sending, ok after that I take a few mins to double check deposit address to make sure you know what I mean before I click on the final submit send coins button. During those few mins the gwei fee can change right meaning the recommended fee shown at the site above can now be outdated and too slow now correct if gwei fees gone up during that time meaning instead of 5mins I gotta wait 11hrs now?

40  Bitcoin / Bitcoin Discussion / Bitcoin being branded as a 'Meme' by Mainstream Media Manipulators on: February 26, 2021, 03:53:42 PM
CNBC, Fox, Sky News, BBC and the lot are branding Bitcoin as a Meme  Roll Eyes

Central Banks & Government know that banning Bitcoin is Futile and waste of time so they are targeting Bitcoin at a different sinister angle.

That angle is Psychological Warfare that has been proved very effective against the masses from Hitler's Nazi Propaganda program till this day.

They know bitcoin is a new technology where youngsters and the young generations will relate to it more than over Gold/Silver that is seen to be now out of date, old fashioned investments for old grumpy men, not cool right.

Now they giving technology a cool trend meme image. Elon Musk has gained a lot of trend from youngsters because of Dogecoin and he's got a lot of young followers now.


However...


But as we all know with meme's, trends it becomes like clothing fashion where its not cool to wear it anymore and youngsters will ditch it and this can quickly reverse a btc bull bull market into a really long term bear market where the market cycle fundamentals has been forever changed according to the traditional finance rule books and markets can come back into a bull trend where its cool and trendy again like a meme not on fundamentals anymore.

What's your thoughts on this where psychological market manipulation is possible?

WSB WallStreetBets is a classic example where youngsters on Robinhood see stock symbols as memes not on fundamentals. One day Gamestop GME wont be cool anymore.





  
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