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21  Bitcoin / Bitcoin Discussion / Re: Money from bank hacks rarely gets laundered through cryptocurrencies on: September 13, 2020, 08:27:54 PM
Well actually that was the reality about the issues being thrown against cryptocurrency that it promotes or could tolerate money laundering activities since it is on a digital manner which is prone to hacks. But on the actual realistic scenario it is on the fiat where most money laundering cases are happening. In fact, there are lots of recorded cases related to fiat money laundering activities from illegal activities that uses traditional method compared to the once that are related into cryptocurrency money laundering.

This study by SWIFT must be known by the people most specially by the government to clear things out on such allegations that using crypto currency could lead to money laundering activities to sprout when at the first place there are more activities like that happening on fiat. This would lessen the fear of people to get in touch with crypto currency for the reason that anti crypto are always throwing the issue of money laundering could be related to crypto usage.

It seems to me that there is no real money laundering in cryptocurrencies. Too transparent transactions and large movements cause unnecessary attention. It is more likely that money in cryptocurrency is divided into small amounts, withdrawn in different places in Fiat and then laundered while in Fiat. This is the most likely scenario. In the cryptocurrency itself, no one will launder, as crazy commissions for withdrawal and it is simply unprofitable.
22  Bitcoin / Bitcoin Discussion / Re: Bitcoin in India on: September 13, 2020, 08:23:52 PM
May be you hired the wrong person? May be they are not capable of, for what they were hired? Why would you directly charging INDIAN? I guess you have picked the wrong person as you know there are a lot of freelancers in subcontinent who lack of quality.
To my known, none of the professional freelancers would destroy their clients. I am a freelancer for a long time now and I have been introduced with Bitcoin through freelancing. Now, I'm more comfortable to use Bitcoin as my payment.

I, as a freelancer, will tell you that how you communicate with the client and whether you observe communication hygiene depends on your work and portfolio. I have noticed many times that if the conversation does not stick in the first minutes, then it will continue to be the same. But it happens that it turns out to find a special approach for everyone and then the deal is almost always closed mutually beneficial for both parties.
23  Bitcoin / Bitcoin Discussion / Re: Flooding in China effect on bitcoin on: September 13, 2020, 08:20:49 PM
Sichuan is a province in China highly affected by floods, which I firmly agree that they disrupt Bitcoin mining as they destroy the mining facilities. All the available cheap hydro-electricity is totally damaged by the floods. For instance, the current monsoon season in the area has caused havoc with the continuously downpour leading to high decline in the Bitcoin hash rate. As it is, China holds more than 50% of the world's cryptocurrency hash rate with its major mining being carried out in Sichuan. The province is mountainous and continuously records heavy rainstorms leading to a high drop in the Bitcoin hash rate. As per the records given by the world's largest mining pools like Antpool, F2Pool and PoolIn based in China have recorded 10% to 20% drop of the Bitcoin hashrate.

Is all bitcoin mining concentrated in the province of China? Of course, the weather and meteorological conditions there leave much to be desired, but it seems to me that this is drained only for Asian residents. Europe and America have their own servers and capacities, and the weather does not interfere with them. In my opinion, we get the main flows from the nearest power located in the nearest location.
24  Bitcoin / Bitcoin Discussion / Re: Bitcoin for thesis? on: September 12, 2020, 10:02:43 PM
Of course making Bitcoin for thesis would be great to provide awareness of Bitcoin. This would be a good step towards introducing Bitcoin,
and it could also increase Bitcoin's popularity. Because there are still many people who don't know about Bitcoin and blockchain technology,
with this thesis, hopefully it can make people understand about Bitcoin and finally accept Bitcoin.

I have been talking about this at my University for several years. that the topic of bitcoin and blockchain should be brought to the level of desserts and official reports. The next level will be the introduction of the subject studying cryptocurrencies. At least for financial universities and educational institutions, this should have been done a long time ago.
25  Bitcoin / Bitcoin Discussion / Re: Bitcoin is now the 6th largest world currency on: September 12, 2020, 09:58:09 PM
I completely agree that Bitcoin is an asset, and basically its value is measured by the dollar, but there is little that can be bought for Bitcoin itself. A lot of smart words can be said that Bitcoin is not a currency, but, nevertheless, many Bitcoin holders will be flattered by this state of affairs and of course such ratings contribute to the greater distribution and trust of people in cryptocurrency. With all the volatility of Bitcoin prices, one thing is clear - this asset already occupies leading positions in various polls and ratings, and, of course, I think 6th place is not the limit.

Of course! The value of an asset is determined by its demand in the market. The more people learn about bitcoin and cryptocurrency, the greater the liquidity and, accordingly, the cost. It is worth noting that bitcoin is only gaining liquidity every year and even major reputation losses like fraudulent schemes do not allow it to sink for a very long time. This only tells us that everything will be fine.
26  Economy / Speculation / Re: What affects the price of bitcoin and other cryptocurrencies on: September 12, 2020, 09:49:53 PM
Mostly that part of demand and supply plays a huge role in the cryptocurrency price, or should I say thatís like the main thing that controls the market price and then the other things are like factors that triggers it to happen: when there are speculations it influences investors to take different actions in the market which brings us down to demand and supply, the investors are either going to demanding for it or their selling their coins, and the action they are taking compared to the supply will determine the supply.

Moreover, issues with government regulations leads to the same thing, also with the community size and ecosystem development.
The problem of the government and its regulation of financial flows in the country and abroad is, in my opinion, a key factor. If we want to ensure that bitcoin is as familiar a means of payment for labor as a plastic card is now, then we need to first push through reforms in the financial sphere of our States.
27  Bitcoin / Bitcoin Discussion / Re: Is Blockchain a Good Career? on: September 12, 2020, 09:46:33 PM
With no doubt, blockchain is one of the best careers one can pursue at the time. It is highly in demand and you get to be a part of something big. Not to mention, you will get high salaries in these top blockchain careers. It is due to the fact that the need for such positions are high and the people with relative knowledge are less. Among all the jobs required in the field, only half of them are being met. This means that thereís a shortage of blockchain professional with sufficient technical knowledge.

If we talk about top blockchain jobs salary, it depends on various factors like where you are working, whatís your skill sets and how much you are experienced. As a blockchain developer, you can get from as low as $50,000 to as high as $120,000 per year. Mostly, if you work in startups, you wonít get sky-high salaries and their packages typically start from 50,000 USD for freshers. If you have experienced above 5 years, you can earn around $70,000 annually.

Next comes the high techs firms that offer the highest salaries in the field. Initially, you can earn around $70,000 which increases with experience and after five years you can get as high as $120,000. The reason for such a big gap between the salaries of startups and established tech firms is due to the fact that blockchain developers are more interested in starting their own firms rather than working for others.

At last but not least, comes jobs at government institutions. You might not get the best salaries here but as you know govt. Jobs have their own benefits. The salary packages offered at govt. Institutions are even less than startup firms.

It always seemed to me that the field of blockchain is always more about freelancing than about corporate enterprises. Of course, the area is very wide and salaries there can exceed 100 thousand dollars a year, but still, in my opinion, the blockchain is pushed forward by individuals, and not by those who gather for consultations and come up with a new startup every day.
28  Bitcoin / Bitcoin Discussion / Re: Bitcoin for blind people on: September 12, 2020, 09:40:23 PM
My take, it's only a matter of time before the Bitcoin bandwagon carries everyone along, including the blind and people with other disabilities.
You know what bitcoin is for everyone. It doesn't matter if you are a kid, an adult, boy or girl, with disability or not as long as you can use technology and you know how to operate a computer, laptop, phone or any other gadgets that you can use when trading here.

This is not a completely correct statement, since computers for the blind are a separate area of technology and it is very specific in its device. If, for example, typing a simple text for a blind person is not a big problem (since there are special keyboards, as well as voice dialing), then making a payment from one bitcoin wallet to another is a more time-consuming process and involves many different small actions that are practically impossible for a blind person at the moment.
29  Bitcoin / Bitcoin Discussion / Re: What happens to Bitcoin in the long term? on: September 11, 2020, 10:52:36 PM
When all the 21 million BTC have been mined, as set by Satoshi Nakamoto, there will no longer be rewards from mining. But the price of BTC and by extension transaction fees will be so high that miners will live just on the fees.
If the transaction fees ends up being "so high" than normal bitcoin users won't be using bitcoin anymore due to the "high fee" they will have to pay.  I mean, if someone wants to transfer 10 USD worth of coins and they have to pay 50 USD in fee, no one will be crazy enough to use bitcoin. If bitcoin users goes down, the miners won't be able to "live just on the fees". We will (or our next generation) know  what is going to happen after 100 years. Probably we will find out alternatives or other solution or better technology might be invented that will keep mining profitable with receiving normal fees without block rewards.
There will always be a certain niche of people for whom the $ 100 Commission will seem minimal. Of course, for our average consumer minimum, this Commission seems minimal and even somewhat ridiculous. However, this is just an illusion, and in fact the limits are more extensive than it may seem. In any case, bitcoin will always be more or less relevant.
30  Bitcoin / Bitcoin Discussion / Re: Why Does Bitcoin Have Value? on: September 11, 2020, 10:43:57 PM
The network got developed based on trust, though it hasn't got value in the beginning slowly the increase in demand gave value to it. The value kept growing as the supply is limited and the people using it on different needs keeps on increasing. Though it is completely technology developed, the transformation of valueless token to a transaction source too a reason for getting more and more value.

Who told you that this is a fully developed technology? Any technology always has the potential for development, whether it is a blockchain or a bread maker. The more digital an asset is, the more potential it has for development. Any mention of bitcoin helps its development right now.
31  Bitcoin / Bitcoin Discussion / Re: Bitcoin for salary on: September 11, 2020, 10:40:01 PM
This is still dependent on the adoption of bitcoin by government of different countries. When governments endorse bitcoin and it is being used by the masses, it then becomes a question of whether the company would want to pay in bitcoin or if the employees would want to accept bitcoin as salary.
I do believe however that the time will finally come when this will happen. It may not be soon but eventually it will come

This can only happen if bitcoin is somehow controlled by the government, which means it will lose its preferential function - to be an anonymous, independent financial unit. In any case, what has already happened to bitcoin over the past 5 years gives us the honor of being proud to be present at this even
32  Bitcoin / Bitcoin Discussion / Re: Bitcoin in India on: September 11, 2020, 10:36:17 PM

In March 2020, the ban on cryptocurrency in India was lifted. I havenít encountered this article from June 2020, so Iíll check it out. With the large number of people working in IT and content creation in India, it feels like they would be in support of bitcoin somewhat.

Iíve been working on correcting this for months now. Upwork has been giving me hazy responses every time I write a ticket or call them over the phone.
That escalated quickly and they were going against it again based from the news that we've seen lately about Bitcoin in India. If Upwork doesn't respond properly, IIRC, there's feedback system for employers to give to their freelancers that you can use.

It's based from what you've experienced working with those people. Whether it's positive or not, you can use that function as an employer.

There is no certainty that bitcoin in India works under the same laws as for Example in Russia or the UK. You need to understand that the system of taxation and legal regulation is very weak and antonymous in nature, and this affects the entire economy as a whole. Including in the field of cryptocurrency.
33  Bitcoin / Bitcoin Discussion / Re: Can Satoshi Stop bitcoin? on: September 11, 2020, 10:33:25 PM
Satoshi Nakamoto has done a great job in bitcoin invention, his idea is what many of us are celebrating and enjoying today and we are grateful to have such a great idea, we have all believed that by the decentralized nature of bitcoin, it should be unstoppable by any government,even by Japan where Satoshi was claimed to be a citizen. Now that his idea has been propelled far and wide, do you think he has the capacity to stop it again?

What is the point of stopping this idea if it brings benefits to the majority of the citizens of the planet Earth. There is a high probability that this financial system will spread even more globally than it is now. In any case, bitcoin is the most progressive way of financial interaction that exists at the moment.
34  Bitcoin / Bitcoin Discussion / Re: Why is bitcoin so unstable? on: September 06, 2020, 10:25:36 PM
Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

There is no point in comparing gold and bitcoin - these are two completely different things. Gold is not even a currency - it is what the currency is backed by. Gold is what gives value for any currency, and accordingly for bitcoin as well. Why doesn't anyone talk about silver or platinum? There are metals much more valuable than gold
35  Bitcoin / Bitcoin Discussion / Re: Bitcoin for blind people on: September 06, 2020, 10:22:58 PM
I've been into Bitcoin for quite a few years, and I'm impressed to see how far it has reached in the mainstream world. It's the most widely-adopted cryptocurrency for decentralized payments worldwide without the need for a middleman. In its current state, Bitcoin works wonders for ordinary people like you and me. It's only a matter of putting the right BTC address and the number of coins to send to get started using the Bitcoin blockchain.

However, my concern is how blind people are able to get used to Bitcoin? To my knowledge, wallets (either with a GUI or CLI) don't have "text-to-speech" features to make blind people's lives easier. It'd be great if developers keep blind people in mind to help increase the adoption of the pioneer cryptocurrency in the mainstream world. The only thing I've found is an audiobook of the Bitcoin whitepaper which is a great solution to introduce blind people into the "mechanics" of Bitcoin.

Any thoughts? Huh

I don't know, I think it will be difficult to implement. Of course, you can use the voice dialing function, but again, how to track transactions and how to understand whether you entered the name of the wallet correctly, vedt are huge codes, and not just 12 digits as on a normal credit card. In my opinion, this is difficult to implement now.
36  Bitcoin / Bitcoin Discussion / Re: Can you hide your identity with bitcoin? (100%) on: September 06, 2020, 10:18:50 PM
Hmm I thought it was possible since this is how Bitcoin came about.  Anonymous transactions.  I know for sure most Japanese gangs still uses Bitcoin because of this.  Using proxy in a public network can definitely hide your identity no?

You can hide your identity, but if the police want to find out who used a particular wallet, then the proxy and VPN will not help you here, since any VPN service is required to provide data on which IP requested the proxy service at a certain time in a certain place. Then you will be found by geolocation.
37  Bitcoin / Bitcoin Discussion / Re: A Sovereign Bitcoiner's Manifesto on: September 06, 2020, 10:16:43 PM
Bitcoin BTC is digital gold.

In 1933, the American authorities decided to confiscate all their citizens gold. This happened in the land of freedom. It can happen again. It can happen anywhere, anytime.

People talk about the 51% attack. But that is not the only way to attack Bitcoin. All those Bitcoin sitting in centralised exchanges? They can be seized. All that KYC data that Bitcoiners have handed over to exchanges, the IRS wants it.

Defence-in-Depth (DID) is a concept invented for medieval citadels and adapted to modern IT security. In a citadel, you don't just have one layer of defence, you have many. A moat, a wall, a keep...

In modern IT security, you have technical controls (cryptography), physical controls (hardware wallets) and also administrative controls (self-custody). Bitcoin as a system is secure because of PoW and cryptography. But Bitcoin, as a social and economic structure, needs additional layers of defence.

We need to make sure we don't have to use centralised services and pool our Bitcoin in places that make it easy to seize funds or taint coins. We need to make sure that there are not obvious points of centralised control where politicians can exert pressure. Coinbase and Binance, if they became dominant enough, could have the same centralising effect over Bitcoin as Facebook and Google have over the web. Binance already suggested they would try to re-org Bitcoin Blockchain.

Centralised services are walled gardens of convenience that you are not in control. They are honeypots. They rob us of our sovereignty.

DID is about expanding the envelope of decentralisation and uncensorability. DID is about expanding what we understand Bitcoin to be. It is more than just a blockchain or a coin. It is a social, political and economic structure.

Defence-in-Depth is about expanding the protections we provide Bitcoin and, as a result, expanding the protection Bitcoin provides us.

Bitcoin is not digital gold. Digital gold is more like traffic. So the comparison will be appropriate. Gold is a resource that is so popular that everyone knows about it, so in the digital world this function will be represented by human traffic. Of course, it can be monetized, and therefore it is a digital asset.
38  Bitcoin / Bitcoin Discussion / Re: Bitcoin Long Term Investing & why this is the only way to Financial Freedom on: September 06, 2020, 10:13:48 PM
Hej guys,

my name is Marian i have been in the Cryptospace since since 2016. I have watched the market and the people that interact with bitcoin for a long time and i feel it is the time to further spread the knowledge of what Bitcoin is and why it is so important to invest long term. There are a lot of people promising "moon shots" and speculate or do "Emergency" videos for Click-bait, but they all forget the core the main function and reason why bitcoin exists.

I have created a YouTube Channel with the name Kryptoschnack Link: I did this as i got the feeling there has to be more serious talk, or more realistic estimation what bitcoin is all about.

As the title says, long term investing is the only way to financial freedom and if you believe the same please share your knowledge your opinion and if you do want to support me check out my Channel Smiley

For any further question send a question directly to me in this discussion Smiley



To Validate myself that i am not fake:


I think you are right - only long-term trading can lead to financial freedom. Let me explain why. When you trade long-term, it means that you have good reserves of money and a financial cushion in case of life. Therefore, when you allow yourself to trade long-term, you are already financially successful.
39  Bitcoin / Bitcoin Discussion / Re: BTC is Going to "DEAD....!" Need Discussion..... on: September 05, 2020, 02:59:23 PM
I respect the opinion that OP has, the same thing I respect others.

I definitely not to argue with him coz in the first place I know already that Bitcoin is not going be dead but instead of seeing it places a vital role in the community. OP just missed the thing about Bitcoin, he only focuses on the price but not the way it serves to be of its purpose, the reason for its creation. If he probably welcoming crypto, he'll never say like that.

I need to push him to trust Bitcoin, he's one of those people who've been looking Bitcoin as a scam thing, unrealistic, and just a fool. We are all not like him that is why Bitcoin pertains to survival against the negative because a lot of people sees already the benefits from it.

People who see bitcoin as a fraudulent scheme simply do not understand what they are talking about. Aren't there fewer scammers in Fiat? Aren't there fewer fraudulent credit card transactions? Scammers are everywhere and defining bitcoin as a fraud tool is just as stupid as saying that only people can swim, and everyone else is alive and going to the bottom.
40  Bitcoin / Bitcoin Discussion / Re: Over 8700 Bitcoin ATMS now Installed Globally on: September 05, 2020, 02:55:40 PM
Actually, I have no interest to use Bitcoin's ATM to take my money through it since they charge 8-10% as a fees that I think that is really huge amount. I just comfortable to withdraw my money to my banking account directly through an exchange, because as of now almost all crypto-exchanges are allowed to withdraw/deposit bitcoin to our bank account which have a low fee.

I do not understand why to use bitcoin ATMs, when you can transfer bitcoins to a regular Fiat at any exchange and withdraw them through a regular ATM with a minimum Commission. I see the use of bitcoin ATMs only in order to increase the status of bitcoin itself and to increase their number. But it is certainly more profitable to use Fiat ATMs to cash out your crypt.
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