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481  Bitcoin / Bitcoin Discussion / Re: 🔴 🔴 It's now possible for everybody to be Satoshi ⭕ ⭕ on: February 24, 2019, 07:57:57 AM
To those people who claim that they are Satoshi Nakamoto especially Craig Wright just simply log on the 'satoshi' account here then no question ask, you are the legendary founder of Bitcoin.

Even if satoshi's forum account suddenly woke up, I'm sure it's going to be met with scathing suspicion. Forum accounts have been hacked plenty of times before, so that scenario can't be ruled out especially with stakes as massive as in this case.

Ultimately, even if the real Satoshi did pop up somewhere, people will be able to find reasons to doubt his identity. That's just how things are nowadays lol.
482  Economy / Speculation / Re: Crypto Winter is Over - Spring has Come on: February 24, 2019, 06:51:11 AM
There's no proper catalyst to safely conclude that the crypto winter is indeed over. There has to be a clear reason and/or driving force behind it, or it's most safely chalked up to natural market fluctuations. I guess it's good that we're seeing price rises for a change, but I expect the bearish period to continue for quite a while longer. This could be a sign that we've reached the bottom for at least the near future though, I guess.
483  Bitcoin / Bitcoin Discussion / Re: Well-researched bitcoin article by SeekingAlpha pointing out interesting data on: February 24, 2019, 04:30:38 AM
He is quite right for that number of active users and I think it might be even an overstatement.

Let's say 3 million "active" bitcoin users, so that's at least 2 tx a month to qualify as active, it makes 6 million tx a month, 200k a day, that was the median for the last year.

And we have about 25 million addresses with a balance, since my two wallets have about 17 of those, it does fit.

Yeah, I don't actually dispute that, but this part just seemed like the author assumed all Bitcoin users use blockchain.info/com's wallet:

Quote
(This suggests that nearly 50% of all blockchain wallets (accounts) are either “lost” due to lost keys, abandoned/unused, or can be attributed to multiple account holders).

Can anybody verify that those numbers are legit?For me,it looks like the author is throwing a bunch of random numbers just like that.I partially agree that the active user vs. hodler ratio is somewhere around 17:83 or maybe 20:80.This explains why the bitcoin price isn't growing rapidly.

The author cited numbers from Chainanalysis, which seem to be generally trustworthy as far as their statistics go. Either way, due to the nature of Bitcoin, this is probably as close as we can get to accurate .
484  Bitcoin / Bitcoin Discussion / Re: Well-researched bitcoin article by SeekingAlpha pointing out interesting data on: February 21, 2019, 08:34:02 AM
Woah, pretty extensive read. One thing I noticed though, is the author seems to assume that blockchain.com wallets is the only one available for Bitcoin users:

Therefore, if 3 million active Bitcoin users represent about 17% of all Bitcoin owners, then the total number of Bitcoin owners around the world is only around 17.6 million.

(This suggests that nearly 50% of all blockchain wallets (accounts) are either “lost” due to lost keys, abandoned/unused, or can be attributed to multiple account holders).

Other than that, it does cite its (many) sources and should be a good read for people who want to know more about Bitcoin as an investment.
485  Bitcoin / Bitcoin Discussion / Re: How do you think of this bitcoin halving chart? on: February 21, 2019, 07:39:46 AM
From the current tendency, the color starts to go out of the yellow and ready to go to the light green, does this mean the price of bitcoin will go down again?

Possibly, but it would probably be best to ignore it. We don't have enough of a sample size to safely conclude anything.

As far as halving goes, it increases scarcity, but that doesn't mean anything if demand doesn't keep up. The halving won't be a bull run catalyst by itself, and has never been one.
486  Economy / Speculation / Re: Why did Bitcoin hit $4,000? on: February 20, 2019, 09:05:27 AM
Upcoming ethereum hardfork is one of the reason why prices were increased particularly with ethereum more than 20% of growth in 72 hours which maybe sudden but its nothing new in the crypto field,actually we faced $3000 price changes on bitcoin prices in a day while we are in 2017 so don't look for the reasons just plan what you have to do with this price bump.

I actually doubt that the upcoming ETH fork has anything to do with this. I mean, pretty much every exchange has USD/ETH pairs, which eliminates the need to use Bitcoin as a gateway. If nothing else, I'd say people wanting to ride the ETH wave would probably be more inclined to sell BTC to beef up their portfolio.

But yeah, I agree that this is probably just natural volatility at work. It just seems like people spend a lot more time than usual looking for signals lol.
487  Bitcoin / Bitcoin Discussion / Re: The big picture they've all been missing on: February 20, 2019, 08:00:42 AM
That is like saying their are no Cars without a Ford Model T.

Many other crypto are now on/off ramps into fiat and have market pairings.

I personally ignore bitcoin and use litecoin or doge for most crypto transfers.

Litecoin has everything bitcoin does, including segwit & LN, while still having ample onchain transaction capacity.
The Silver has surpassed the Gold.


I think all OP is trying to say is that Bitcoin is still the face of crypto, and that trying to bring it down actually brings the entire crypto space down -- not that I necessarily agree.

At the end of the day, Bitcoin is really all the mainstream knows. If it fails, it's going to be hard to convince them that some other Bitcoin-like currency can pick up where it left off. Lots of people already believe that Bitcoin is a ponzi, and even more don't believe it can live up to its potential. Can you imagine what would happen if it disappears and another coin tries to take its place? Alts could continue to exist, but global adoption would probably be nothing more than a pipe dream at that point.
488  Economy / Speculation / Re: Best Way for Bargain Hunting in the Bear Market! on: February 20, 2019, 07:19:03 AM
I don't know  where did you get this information but I think you were totally wrong. Now I will tell you based on my experience why it is not profitable to mine during the bearish market. Aside from it does not give you profit as you do mine the coin while its price is slowly going down.

He probably has his eyes on the long term. I mean yeah you're losing money now, but once Bitcoin prices kick off again, that could more than make up for your losses.

That being said, I probably wouldn't recommend it myself, as we have no idea when that could happen. It would be far simpler to just buy coins and sit on it.
489  Other / Beginners & Help / Re: Unsuccessful in selling handicrafts via crypto on: February 15, 2019, 08:38:03 AM
I always think that no one is going to buy via crypto when he can buy using PayPal escrow.

For what it's worth, I don't think anyone buys anything with Paypal here. The problem is that most stuff sold here are heavily crypto/tech related while your products aren't. The currency isn't the problem.

The way I see it, you could either pivot into crypto related handicrafts, or you could shift to more traditional platforms and convince interested parties to use crypto. I'd recommend the former, as it would be incredibly difficult to pull off the latter.
490  Bitcoin / Bitcoin Discussion / Re: Unelectric Bitcoin Society on: February 15, 2019, 07:48:17 AM
Is stuff like this even necessary? I mean, these methods of information transmission have already been rendered obsolete by centuries of technological progress and we want to go back to them...why? There's also the fact that Bitcoin's white paper itself describes it as a "Peer-to-peer Electronic Cash System". It's meant to take advantage of electricity, worldwide connectivity, etc.

But yeah I'm pretty sure the cited tweet was being sarcastic lol.
491  Bitcoin / Bitcoin Discussion / Re: Generational change – the most powerful Bitcoin price catalyst on: February 15, 2019, 07:10:49 AM
The "wave" was never a problem but some people think it was. I know the kind of impact it had where I live.

Well it certainly has negative implications. People who've lost money in it, and I assume a lot did, would likely not want anything to do with it again. I guess it's great that it could potentially attract serious users though.

I'm probably going to get shit on for this, but I also believe kids who've known nothing but Bitcoin for their financial experience are in a very small minority. Good for them though, and them existing at all is a great sign. If nothing else, stories like this showcase Bitcoin's ability to bring financial inclusion.
492  Bitcoin / Legal / Re: How bitcoin inheritance can be achieved. on: February 14, 2019, 08:25:40 AM
A middle ground is what one must search. I would drop anything that has to do with multisigs. Obviously I would also drop a wallet.dat or anything that requires to sync the blockchain. Electrum seems like the easiest way to go. Your only hope is to store the seed somewhere in a paper, wrapped in plastic, and with instructions in where to click on the Electrum GUI (which hopefully has not changed much by now). Also hopefully whoever is operating the wallet isn't victim of one of these phising scams... it's just hard to deal with this stuff if you aren't a bit of a geek, what can I tell you. Bitcoin is not for the computer illiterate. Maybe there is a business there in hiring people to do this for your family.

This is what I had in mind as well. You're not going to be able to use it where you're going anyway. Either way, it doesn't seem like there's a method that doesn't involve trusting the person you're leaving it to or some third party.

Also, if you don't trust the person enough to not steal from you while you're alive (or kill you, something which came up earlier lmao), maybe you shouldn't be leaving them anything at all.
493  Economy / Exchanges / Re: Never use Coinbase wallet's private key back up feature on: February 14, 2019, 07:33:10 AM
Well it's going to be encrypted at least, so there's that lol.

The backup feature is encrypted with AES-256-GCM encryption and accessible only by the Coinbase Wallet mobile app, Coinbase said.

Still not the best idea, but I imagine there are a lot of non-technical Coinbase users who might appreciate it. If you absolutely have to use it, at least make sure you use a strong password.

But yeah I'm not going to go with a hard no, because if you're storing large amounts in Coinbase, you're already doing something wrong anyway lol.
494  Other / Beginners & Help / Re: Warning !!! Read before you buy bitcointalk account. on: February 14, 2019, 06:24:48 AM
Maybe such information could be added in stickies in the trading and auctioning sections of the forum to warn users who might be planning to buy accounts.

It's not actually against forum rules, so mods might not be too keen on making a sticky for it specifically. It's mentioned in the unofficial list of rules sticky though:

18. Having multiple accounts and account sales are allowed, but account sales are discouraged.

That's probably good enough. Legitimate members shouldn't care about ranks anyway.

edit: woops mprep was already cited my bad lol
495  Other / Beginners & Help / Re: WARNING! Don't even think about crypto investments until you read this! on: February 14, 2019, 05:35:08 AM
I'm glad that at least you are trying to educate people from your misadventures but frankly, for every person that had lost money in crypto there are dozens more who made enough money that their entire lives changed.

I'd be more inclined to believe that it's the other way around. Lots of people entered the market during the Bitcoin frenzy of 2017, and now Bitcoin is standing around at like 15% of its peak. Heck, pretty much everyone who entered the market since the second quarter of 2017 would have lost money if they held. Not saying they can't keep holding, of course, as I believe the market will bounce back...eventually.

I would be very much interested in hearing about THOSE stories to be honest. We've already got too many doom gloom stories around.

I wouldn't be against this, but one possible reason these are scarce is that they'd rather stay anonymous.
496  Bitcoin / Bitcoin Discussion / Re: Lightning Network Now On Par With Apple Pay on: February 12, 2019, 08:39:43 AM
The lightning network is now being compared with Apple Pay. With wallets like Wallet of Satoshi that simplify the use and onboarding of users, Lightning Network is really starting to lift off. What do you think of this? Will Lightning take off this year? Or will it take more time to see it shine?

IMO you're going to have to sell the idea of Bitcoin to consumers first, as they're not going to be switching from tried and tested methods only to achieve basically the same end results. It has to be noted that most people won't care about what's going on under the hood for as long as it's convenient for them.

The title is kind of misleading as the comparison is solely about speed, but it's still quite encouraging.
497  Bitcoin / Bitcoin Discussion / Re: :-> Bitcoin are helping to reduce global debt. :-> on: February 12, 2019, 07:24:45 AM
So, when people remove their money from Banks and they invest in Bitcoin, they actually reduce the amount of money that Banks can loan to other people, effectively reducing global debt.  Cool  

Only if the entity you bought Bitcoin from didn't deposit the money you used into one of their bank accounts lol. I see what you're saying, but I'm pretty sure the cash flow isn't as straightforward as that, considering the money you spent ends up elsewhere, which, again, could be directly into a different bank account. I think saying Bitcoin helps reduce global debt is a massive reach, and I certainly don't think it helps in this specific way.
498  Bitcoin / Bitcoin Discussion / Re: another bearish sign? CCN evolves towards a standard stock market website on: February 12, 2019, 06:12:17 AM
"just diversify"

you dont diversify if you still believe into something.

thats a focus shift away from it.

they lost believing in bitcoin, where is the bitcoin propaganda agents from this forum?

go talk to ccn media personel or worse, go talk to their children.

if the media outlet drop you token propaganda its a sign its going to end badly.

they 100% did heuristics on the bitcoin trash and followed with negative results.

regards

You don't diversify solely to reduce risks:

The rationale behind this technique contends that a portfolio constructed of different kinds of investments will, on average, yield higher returns and pose a lower risk than any individual investment found within the portfolio.

But hey, if you've already decided what you want to believe, then it's entirely your prerogative. Regards to you as well.
499  Bitcoin / Bitcoin Discussion / Re: another bearish sign? CCN evolves towards a standard stock market website on: February 08, 2019, 06:28:18 AM
Eh, they're probably just trying to diversify. They've already built up a brand (lol) and it seems like they have a lot of viewership that also happen to be interested in financial markets. This would be a smart move even if Bitcoin were doing great. But yeah, the crypto space has been really boring lately so it's also entirely possible that reduced traffic has forced them into transitioning earlier than intended. Still not a bearish sign though I'd say.

The Bitcointalk one is probably more related to the increasing scarcity of signature campaigns and the general realization that bounties are shit. It could also be because there's not a lot to talk about anymore lol.
500  Bitcoin / Bitcoin Discussion / Re: Taintchain on Bitcoin on: February 08, 2019, 05:27:35 AM
The concept of "taint" has actually existed for a while now. Check this question out from 2013:

https://bitcoin.stackexchange.com/questions/7966/what-are-tainted-coins-exactly

I wouldn't be surprised if an algorithm similar to this is already being used widely by governments. As for the privacy concern, I don't think so. I mean, Bitcoin is completely transparent anyway, so if someone wanted to breach your privacy(?), they could do it with or without taint algorithms. This is why it's important to protect your anonymity, which in this case is very different from privacy -- your transactions could be public while your identity is private.
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