Latest posts of: Argoo

I have long ceased to be interested in various rumors and speculations about the real personality of Satoshi Nakamoto. On this and other similar forums, sometimes some versions periodically appear about who could have used the pseudonym Satoshi Nakamoto. However, they will always be unsubstantiated rumors and nothing more. We have been convinced for a long time that Satoshi Nakamoto does not want to reveal his identity, and without his desire all these attempts will lead nowhere. About 12 years have passed since the real Satoshi Nakamoto disappeared from our field of vision. The more time passes, the less chance remains that he might ever show up.

Quote from: Jating on February 09, 2021, 11:35:48 PM

Quote from: vintages on February 09, 2021, 11:12:02 PM

What I love most about this news is that they want to use as a method of payment. Some times, we most times forget then sole purpose of Bitcoin because of the price pumb.
Additional, we hope the Tesla CEO won't use this means to manipulate the price of Bitcoin

The only way he can manipulate the price is to dump all their holdings, but I doubt that he will allow that to happen. It is obvious that Elon is here to used bitcoin as their main reserve asset investment and as you have said if they are going to allow it as payment method in the future, doesn't make sense to manipulate it as it will have drastic effect on their business decisions.

This news hasn't sink it as well, and it could again set a precedent for other mega companies on whatever sector to join bitcoin and do what Elon Musk did here, not just for himself but for the investors of his company as well.

Tesla's investment of $ 1.5 billion in bitcoin should definitely be taken as very good news for cryptocurrency and, above all, to increase its liquidity. This is a direct example for imitation primarily by business structures, which is still lacking in decentralized cryptocurrency.
Also, a very large contribution to the development of a decentralized cryptocurrency will be the introduction of Bitcoin payment for the purchase of Tesla cars. The use of cryptocurrency as a means of payment, and above all bitcoin, is already critically lacking for its further development.

Quote from: monineklutak on February 08, 2021, 11:47:15 PM

The gas fee will never go down, because the ethereum price is getting more expensive making Gwei's estimate very expensive too, I can't imagine what if the Ethereum price reaches $ 10k? haha it's terrible to see Gwei or the gas go up 10x too, somehow they take this, if ethereum doesn't do something with this, then a lot of users will turn to its competitors, like polkadot or binance.

Ethereum gas charges should plummet at some point in the implementation of Ethereum 2.0 improvements, when scalability increases. However, this process, which began on December 1, is designed for two years. So far I have not come across a specific time frame for these events. Apparently, this cannot yet be foreseen in practice, since it will depend on many factors. Let's hope that Buterin understands the importance of speeding up this process.

Quote from: kjlimo on February 09, 2021, 04:15:08 AM

I haven't found any details on how/when they will start accepting bitcoin... has anyone seen anything on this?

Should I contact my local dealer?

So far, this is only at the decision-making level. Practical steps to implement this decision will follow over time. In order to sell its electric cars in practice for bitcoins, this company will have to coordinate this decision with various regulatory and tax authorities for a long time.
Of course, Tesla's decision to invest $ 1.5 billion in Bitcoin is very timely to increase the liquidity of the cryptocurrency and the growth of this market.

Officials are accustomed to acting in an administrative manner. Janet Yellen seems to believe that the growing acceptance of cryptocurrency by people around the world can be offset simply by an administrative order, such as an order to "cut" bitcoin. Apparently, it is very far from understanding what a cryptocurrency is. I would like to see how it will "reduce" the cryptocurrency in practice.

Quote from: gaston castano on January 26, 2021, 03:20:28 PM

The coin which is rumored to be a replacement or revolution from ETH, is a bit over the top but seems real.
to be honest I have never transacted on the polkadot network, but there must be a reason why polka dots can go up that high maybe it is very useful.

Now Polkadot is very much discussed by many as one of the most promising for the price growth of cryptocurrencies. In addition, it now surpasses Ethereum in its functional qualities. However, the same situation was in 2017 with EOS. Many also predicted serious competition between them, and in the end, EOS was unable to consolidate its starting advantage. I know that Ethereum should be completely updated after the implementation of Ethereum 2.0, and what will happen with Polkadot is still unknown.

Quote from: AakZaki on February 08, 2021, 03:23:31 PM

I don't expect Tesla to do this. But Elon Musk has been playing on his twitter lately and talking about cryptocurrencies like DOGE and BITCOIN. Even had time to write #bitcoin on his twitter bio and then delete it.
Tesla provides FOMO on the current Bitcoin market. Bitcoin is able to hit new ATHs again and again. this will be new history. $ 50,000 would be easy to get to and Bitcoin is on the hype right now.

Yes, apparently Bitcoin in the near future will rise in price to at least $ 45,000, or even up to $ 50,000. And this may happen in the next few days. Elon Musk has not previously said anything about the intention of his car company Tesla to buy bitcoins, especially for such a large amount. If he wrote the word "bitcoin" and in a few hours it quickly rose in price, and this could be taken as a joke, then the purchase of bitcoins worth $ 1.5 billion is no longer a joke.

A few hours ago, the price of bitcoin was about $ 39,300, and now the CoinMarketCap table shows its price of $ 43,926. Bitcoin has not yet made such price jumps while simultaneously breaking its previous price record. Just wondering how high will he climb in the near future? There is no doubt that now it will continue to grow in price.

I think that over time, there will be increased pressure on cryptocurrency from states that want to keep it under control. Coins with a high level of anonymity and confidentiality will be the first to hit. They will be an indicator of the degree of such pressure by states on the decentralized cryptocurrency. Therefore, we need such coins, they are the ones that can resist states due to their anonymity. People have a right to anonymity and it is not necessary to equate such a right with the possibility of committing crimes.

Quote from: Darker45 on December 11, 2020, 02:03:32 AM

I guess governments may indeed shift to the use of CBDCs, so that's roughly the equivalent of stable coins. They'd be unlike the existing stable coins because they're not backed by fiat currencies; they're the fiat currencies themselves.

However, if this happens it is impossible that governments will issue their digital coins on a platform they do not own themselves. I don't think governments will make use as their official currencies coins which are built on Ethereum and other private or, if there are any, decentralized and independent blockchains.

So I still don't know how you would possibly earn from hodling stable coins.

Governments certainly do not need private and commercial stablecoins, so they will not use them in their activities. They will issue their own digitized central bank currencies and in some cases will use the same digitized currencies of other countries. Using existing non-government stablecoins increases their risk, so they will not risk it.

Quote from: iv4n on February 07, 2021, 10:06:28 AM

Quote from: Nunoluck on February 07, 2021, 08:46:28 AM

I think it's not as easy as that. There are also political factors. I personally think that the risk is too big. Today cryptocurrency market is still can be manipulated by big investors, imagine if there are some countries who manipulate the market to destroy other countries economy. I think world bank can use bitcoin if bitcoin is already accepted and used by people in all countries. That is a solution but not for now.

It's not easy, and most likely we will not see this merge! Banks don't need Bitcoin, they have their own system, and for us who are with Bitcoin, for sure we know that Bitcoin doesn't need banks, simple as that, with Bitcoin (and I must add some other good projects where you have your private keys) you can be your own bank!
Knowing that, this topic doesn't make much sense, and it's not what crypto stands for, in two ways... I explained the first reason, with crypto you can be your own bank, second and more interesting, banks are centralized, while Bitcoin (and some alts) are decentrealzied!

Yes, banks do not need bitcoins, banks operate on completely different principles and do not intend to change them. They will use blockchain technology, but not a decentralized cryptocurrency. Soon, their digitized currencies of central banks of various states will appear en masse, and it is they who will be opposed by states to decentralized cryptocurrency.

Quote from: masterrex on February 07, 2021, 12:21:41 PM

IMHO, I believe no one can tell when this bullish market will end, but one thing is for sure whatever goes up must go down, thats for sure but the question is when? that was a million dollar question that no one knows how to answer. by the way, It is better to leave it to the market, and the best thing that we can do is to exploit this bullish trend for our own benefits thats more useful I think.

So far, one thing is clear: this year will be special for cryptocurrency market participants, and therefore predictions based on previous price experience will not work. We already have a very strange long-term bull market in which bitcoin reaches record price heights without subsequent long-term or deep corrections, and altcoins only rise in price in a few. It looks like such a market could last almost all this year. However, of course, no one can give any guarantees. In general, the cryptocurrency market is growing and we need to enjoy it and try to make the right decisions in time. But mistakes are inevitable and they will always be in this market.

Quote from: Baxwe on November 22, 2020, 04:10:35 PM

There is rumours the btc created in russia.
First btc and cryptocurrency related websites ip addreses was in russia.
The Dan pena world billionaire said Putin is behind Bitcoin.

If its true who might be behind the Putin on this?

Behind the creation of bitcoin is Putin, who is now trying with all his possibilities to prevent its spread and use, as well as another decentralized cryptocurrency, in Russia? This is completely absurd. You can admit various options for creating bitcoin and about the persons involved in this, but not on the part of Putin. We know that Putin is now in fact the tsar in Russia and if he wanted, Russia would be in the first place according to the legislation loyal to it. However, now we see an almost complete ban on her walking in this country and it is possible that criminal liability for the use of cryptocurrency will appear.

I am quite sure that movements in the cryptocurrency market, especially not general ones, but more specific ones for a short period of time, are impossible to predict. Now millions of people are involved in this market, many of them do not know how the cryptocurrency market works and perform absolutely illogical actions and no program can predict them. Therefore, I don’t believe in such a program and its capabilities with an acceptable error of plus or minus one percent.

When mining cryptocurrency, the usual thermal energy is released, which some use for heating systems. This energy does not pollute the environment and does not pose any other threat.
Now you can use various renewable energy sources - sun, wind, water, and these possibilities are enough to fully provide the population of our planet with energy. Therefore, the statement that mining bitcoin and other cryptocurrencies is energy-intensive and pollutes the environment is completely far-fetched.

Quote from: dothebeats on January 22, 2021, 08:11:14 AM

It could be good or it could be bad, as regulations often pave the way for legitimization of services and assets that are deemed to be high-risk by a lot of investors and the general public. It could potentially end up bitcoin's "wild west" nature should bills, regulations, and whatnot already come into play, though with it is the high potential of the general public actively participating in the exchange action since regulations already eliminated the 'doubt' they might have had on exchanges and bitcoin in general before.

The XRP case is just the start. IMO it's actually healthy for the scene to get rid of offerings that are producing money out of thin air and leaving some investors in the dirt after their funding becomes a success. This helps the not-so-knowledgeable into participating in the market without the fear of getting burned by these same offerings that have ravaged many people's wallets in the past few years.

The SEC currently plays a dual role for cryptocurrency. On the one hand, there is an attack on cryptocurrency by regulators, however, on the other hand, this allows to streamline its circulation and its further legalization by states, which, in turn, allows investors to be more trusting in cryptocurrency.
At the same time, the SEC's jurisdiction extends only to the United States, which is a relatively small share of the cryptocurrency market.

Quote from: joburgtaxi on February 05, 2021, 05:30:19 AM

how come we should afraid it it's everywhere

Firstly, bounty hunters provide advertising services for various projects of companies, the leaders and teams of which, with our capabilities, are very difficult to verify if they are fraudulent. Therefore, the risk that our confidential data may be sold by them in the future is very high. If market participants provide KYC to exchanges, the risk is still much lower.
Secondly, KYC against bounty hunters is illegal, as it should only be used for the purpose of preventing money laundering and combating the financing of terrorism, as well as for transactions over one thousand euros. We cannot be suspected of committing these illegal actions, since, when we participate in bounty campaigns, we do not invest our money in them.
Therefore, recently, KYC checks on bounty hunters are very rare.

Quote from: Smartprofit on January 20, 2021, 08:45:02 AM

There have been periods in the history of mankind when private money prevailed, not public money.

For example, in the Middle Ages, many influential feudal lords (earls and dukes) had the right to mint their own coins.

Checks, bills of exchange, bonds - all these securities increase the money supply.

These days, the time has come for digital money and cryptocurrencies. Central banks are planning to issue digital money (CBDC). Large corporations also want to get the right to issue their own money. There are also decentralized cryptocurrencies with the PoW consensus algorithm.

In the future, we may see an even greater variety of different types of money.

Private coins in the Middle Ages were minted mainly from gold and silver. They themselves already had value as a piece of valuable metal. The minting only indicated the person who issued the coin.
In our time of digital money, cryptocurrency must be in demand due to serving some kind of developing business or otherwise having a real product that will provide additional benefits and convenience to people.
Just creating your own cryptocurrency is stupid and useless, since no one will need such a cryptocurrency.

Quote from: Yatsan on January 30, 2021, 10:19:26 PM

We cannot state exactly on how low can the price of Bitcoin go right after reaching its ATH and having a sudden drop of price few days right after that. The price is unpredictable so we still certainly do not know into what extent can it go if it will cut lower than $30,000 or will be safe at that price mark and play along $30,000+. Well, year 2021 have just started and we still have plenty of months right ahead of us so we better just see to it to better witness it by using our own eyes of what can possible to make happen by this entire year if the bear market will continue or another bull run will arise.

Over the past few months, bitcoin has repeatedly gone to price correction and it has always been a short time and the price drop has not been large. This gives us hope that this year we will be able to see the longest bullish rise in cryptocurrency without deep price drops in bitcoin. This is somewhat unusual for the cryptocurrency market, but it is possible. We see that this market constantly presents us with unexpected surprises. Now, many have already sold bitcoin, ethereum and other promising cryptocurrencies and are expecting a fall in prices to buy again. This reduces the supply for sale and contributes to further price increases in the cryptocurrency market.

Quote from: CarnagexD on January 31, 2021, 11:07:09 PM

Cryptocurrencies is ruled by the people, not some government as you were trying to put it out to be. Most cpuntries even ban cryptocurrency use and investment because it is unconventional and unprofitable kn the government's part. Which is something they really hate apparently. So no, bitcoin or any other cryptocurrency for that matter will not be controlled by a single governmebt. Not today, not ever.

States and their governments in the future will unite and jointly adopt uniform and more stringent conditions for the circulation of decentralized cryptocurrency in order to try to control it at least partially, and most importantly, to control the financial activities of their citizens. Despite the optimistic statements about the powerlessness of states and their governments before the cryptocurrency, they have real power in their hands and they can do a lot with their legal norms. Therefore, caution and moderation in cryptocurrency will not hurt.