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3021  Other / Beginners & Help / Re: Bitcoin's Weak Points on: October 23, 2019, 09:56:26 AM
It is both a weak point and a strong point. I doubt people would have adopten bitcoin without its volatility attribute. Besides, imo, that's just for now. BTC supply is still being released constantly and the market is still in its infant stage. This makes the price constantly change and therefore why it is volatile. I expect it to actually reach a stable price when the last coin is mined. Plus, the government refuses to accept BTC because they can't control it. No one could.

It can never lose the volatility while it's priced against steadier elements. Volatility can ease off the bigger it becomes but it'll never be fully steady. Gold still has plenty of movement after thousands of years.

Even if volatility was somehow magically dealt with, the inflation or devaluation of what its value is measured against would ensure the price moved quite violently at times.
3022  Bitcoin / Press / Re: [2019-10-22] Bitcoin Sidechains To Send Altcoins Prices to ZERO? on: October 23, 2019, 09:15:02 AM
Unless a sidechain can earn you dollars then alts have absolutely nothing to worry about. That's the only reason most of them exist and that's the only reason most people are here.

And it's not as if alts are being used for any actual purposes. If you were serious about your purpose you wouldn't be using one.
3023  Bitcoin / Bitcoin Discussion / Re: Quantum Computing Threat to BTC... Correct me if I'm wrong on: October 23, 2019, 09:07:02 AM
IBM are saying Google's claims don't quite wash - https://www.ibm.com/blogs/research/2019/10/on-quantum-supremacy/

But this is one of those things that may well materialise and normalise before a lot of the world has a chance to put measures in place if it is a threat. The world will certainly be motivated to do something about it. Everything will be at risk to an extent.

Or it could be like cold fusion and always be a few years away from reality.


Now people who still think that quantum computing can be the destroyer of Bitcoin should read this: https://marketrebellion.com/why-quantum-computing-is-not-a-threat-to-bitcoin/ for some ideas and guidance.

So this article is saying no one with a quantum computer will go after BTC because they want to keep it secret? That's a slightly shaky basis for planning your future. What about the person who doesn't mind letting everyone know?
3024  Economy / Exchanges / Re: Binance is earning only $20,00 per day on transaction fees charge?? on: October 22, 2019, 10:23:19 PM
I have been a binance user from the day I learn about trading and trust me there is no other exchange which is more secure than binance and it's reliable as well.

Can you please tell us how you know this? Are you in charge of its security policies? Are you sleeping with CZ?

Everyone's secure until they're not. I remember a time when Mt Gox was described as 'too big to fail'. I'm sure they do their best. One day that may not be good enough. Plan accordingly.
3025  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 21, 2019, 09:13:36 PM
Pffffff still f***ed up on my laptop.....??

Press ctrl and f5 together and you should be reborn. Or if you're on a Mac it might be shift and reload.
3026  Other / Beginners & Help / Re: Question about selling BTC on: October 21, 2019, 08:41:05 PM
If you still have the seed then the easiest way will be to input it in one of the wallets from here - https://bitcoinsv.io/services/wallets-and-exchanges/ I use Coinomi myself.

If it asks you for a seed and derivation path then I think it's going to be a bip39 seed and the derivation path should be m/44'/0'/0

The BSV should then show up.
3027  Other / Beginners & Help / Re: Question about selling BTC on: October 21, 2019, 08:29:02 PM
Thanks for your replies. Last year I moved some BTC to a Blockchain wallet and later moved the BTC on and sold them; I presume the BCH are still in that Blockchain wallet? But the BSV are lost forever as Blockchain doesn't support BSV....would that be a correct assessment?

It depends on the exact dates when the coins were in that wallet.

BCH was created on August 1st 2017. BSV forked from BCH on November 15th 2018. Can you remember when the coins moved in and out?

It is possible to extract the relevant private key from the seed that blockchain.com gave you yourself provided you have it. You could then redeem the BSV elsewhere.
3028  Economy / Trading Discussion / Re: Bittrex International shutting down services from 31 countries. on: October 21, 2019, 07:56:48 PM
Regulatory uncertainty doesn't mean they're anti-crypto per se. Bittrex is trying to save their ass because it's possible that those countries start killing them when they finished the regulation.

The pathetic and eternal thing is that this 'regulatory uncertainty' comes from either the USA or the jurisdiction of their new base and has fuck all to do with the countries affected. Said countries might have the right regulation pouring out of their arse but if a bunch of bureaucrats in a far off land who probably can't even find them on a map decide they're not allowed to play then that's it.


I checked the list and seem all countries, except BiH may be, are at 'high risk of terrorism, war or under sanctions'.

Have you noticed Guyana being on the brink of war or blowing up the world? Botswana? Uganda? Trinidad?

I haven't.
3029  Other / Beginners & Help / Re: Question about selling BTC on: October 21, 2019, 07:40:40 PM
You have to actively claim them otherwise they stay put on your paper wallet. I'd probably use the Coinomi phone wallet, not desktop wallet, to claim them as as soon as your private keys are on the internet they'll be a lot less secure. Move the BTC first, and then everything else afterwards.

As above look for a better alternative to blockchain.com. It's sub par compared to the other options out there.
3030  Economy / Scam Accusations / Re: SCAM: Bitcoin SV (BSV) - fake team member and plagiarized white paper on: October 21, 2019, 03:21:52 PM
Click here "oppose" to support Bitcoin SV:
https://bitcointalk.org/index.php?action=trust;flag=109

Hey, thanks for the quick link to be able to confirm my support for the flag. It's always great to save some time in this fast moving world of ours. Congrats on your gains all the same. It's lovely.
3031  Other / Beginners & Help / Re: Bitcoin's Weak Points on: October 21, 2019, 10:22:39 AM
While most of us  see decentralization as one of the strongest points of Bitcoin, it is also one of the weakest point of Bitcoin.

Bitcoin can't exist without it. It has absolutely no reason to exist without it. I cannae believe this is even up for debate.

The elements that people whine about are in place because they're needed to keep decentralisation. It's not slick and it's not sexy. It's onerous and expensive and risky. It's necessary because the whole thing is utterly worthless without it.

It's a good job enough people can be arsed to fight for it. If it were up to the bone idle pinhead majority it would've been toast years ago.
3032  Economy / Exchanges / Re: Poloniex to Spin Out of Circle on: October 21, 2019, 09:54:33 AM
Didn't make sense the amount of hype that was put into circle's acquisition of poloniex in the first place. People somehow saw it as an opportunity for poloniex to really expand their horizons, when in reality they pretty much did nothing after the acquisition.

They well and truly soiled their rep with this one. Any one of us lot could've done a vastly better job with a few mates and 1/100th of the money.

If I were a heavyweight investor no way would I put any money into them after this performance, however investmentland seems to operate in a parallel universe where miserable failure and no effort whatsoever appears to be zero hindrance to gaining funding for even more future squanderage.

In the decades to come people will look back at the internet VC stuff and wonder what on Earth was going on. How was competence, graft, honesty and the actual delivery of results taken out of the equation for so long?
3033  Other / Beginners & Help / Re: Bitcoin's Weak Points on: October 21, 2019, 09:41:48 AM
I would say that the biggest bitcoin or maybe even the entire blockchain tech. problem is irreversibility of transactions.

It can't work any other way.

The ability to reverse means someone somewhere has enough control to respond to your appeal to their authority and meddle with a transaction that has already gone through. That means centralisation. If it happens once it'll be attempted a billion more times.

Lack of centralisation is the prime factor that gives BTC its value and future but many people refuse to wrap their heads around that.
3034  Bitcoin / Bitcoin Discussion / Re: BTC, why do some people just get it, others really don't? on: October 21, 2019, 09:31:58 AM
If I knew someone who spent an hour or two studying the basic principles and they still came back with 'ponzi' I would assume they were educationally subnormal. I would understand if they were still sceptical about the security and robustness of the whole thing, but not the entire spirit of it.

Very few people will ever take the time to properly digest the information about it. Very few people take the time to form their own informed opinion on anything. They take what they're told and maybe add some of their own spin for a dash of originality and that remains their opinion for the rest of their days no matter what's thrown at them.
3035  Economy / Exchanges / Re: Poloniex to Spin Out of Circle on: October 21, 2019, 09:24:57 AM
My suspicion is that poloniex is being sold so Circle can rid its possible liability from margin lenders' losses resulting from over leverage from clam margin positions.

From what I can glean about that incident it's pure tough titty for those lenders. No one else cares and no way would Circle get rid of their $400 million balls up just to duck those peons.
3036  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs on: October 21, 2019, 09:22:14 AM
This 2nd instance of lemon-nick seemed to be a little bit more reasonable ... until this autumn.
What is your agenda and motive now?

In the past it had phases where it briefly cracked up in this manner and then returned to weirdly bland bot-esque posts for a few months.

That hasn't happened this time. I guess things must have gone wrong in the mainframe somewhere.
3037  Bitcoin / Press / Re: [2019-10-19] With 18 Million Bitcoins Mined, How Hard Is That 21 Million Limit? on: October 20, 2019, 05:38:41 PM
Because by then the block reward will be only BTC0.78.

And who knows what that 0.78 BTC will be worth by then? It could be zero. It could be enough to buy gender reassignment for all of your nearest and dearest. Mining seems so far to be very good at taking care of itself. I'm going to assume that continues.

3038  Other / Meta / Re: Database Error and slow forum on: October 20, 2019, 03:45:06 PM
My view is a cross between the wap2 one and the main one with most of the images and colouration dead but with normal ish formatting.

It's no longer slow for me. It is definitely a bit buggered.
3039  Bitcoin / Bitcoin Discussion / Re: Early investors and adopters backing out or losing their hope is a warning sign. on: October 19, 2019, 04:04:47 PM
And if we are looking for a warning sign, isn't the creator itself being radio silent for the longest time the best warning sign?

Is this a bit of satire? Did you let you dog post this?

Satoshi disappearing is the most altruistic and constructive thing he could possibly have done for the future of his creation. It's one of the many factors that separates and elevates Bitcoin above all the diarrhoea that came afterwards.
3040  Bitcoin / Press / Re: [2019-10-19] With 18 Million Bitcoins Mined, How Hard Is That 21 Million Limit? on: October 19, 2019, 03:54:21 PM
No cryptocurrency that wants to be taken seriously as a means of exchange is going to be able to be deflationary.

Well, let's see how it pans out. It's still in plenty of ways a giant experiment and that's one aspect of it. If enough people feel the way you do then I guess they will agree do something about the hard cap. It would have to be an awful lot of 'em.
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