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1761  Other / Meta / Re: For mods - be a little more careful when handling reports on: August 08, 2022, 12:44:34 PM
I'm not aware of how reports are handled, but there could be a possibility that a mod makes a mistake while trying to take action on a report, marking it as bad rather than good. Such an oversight could be the reason for the obvious wrong calls.

I can see from the screenshots that the two incidents span about a week; 2 wrong calls in 7 days isn't really a bad figure and while mods should be extra careful, errors happen.
1762  Other / Beginners & Help / Re: Can a name be edited after joining this forum? on: August 08, 2022, 11:04:30 AM
I was thinking since the early donators did theirs when BTC was worthless the administrators should rather reduce the VIP donation to an amount of BTC an average forum user can afford.
The forum is no longer accepting donations of any kind anymore.
According the the admin, the forum can operate conveniently with the revenue generated and doesn't need more money.

The only way now to change one's display name is by making a formal request to the admin. Fom the accepted requests, it needs to be for a salient reason before it gets considered, so you can't just ask for a name change, cause you like a new name.
1763  Bitcoin / Bitcoin Discussion / Re: The British Museum has some Bitcoin items on display on: August 08, 2022, 05:23:15 AM
<snip>
I wouldn't want to derail this thread further, but I'll reply to this.
You should note that both situations here are 'cultural disasters'. Colonial nations stealing the cultural artifacts of the locals in that area and a terrorist group destroying them are both same, except in the former, they do it for their own profit and even the locals would have to pay to see their own cultural heritage.

My line of thinking is that no one should pillage a country of their arts, neither should anyone destroy it. And there should not be any justification for either.
1764  Other / Meta / Re: Lending Discussion ? on: August 06, 2022, 06:49:02 PM
The reputation board seems like an appropriate one to discuss happenings of lending (and Its child board).
Thinking of what discussions could come off from a lending topic, I assume they should be user focused; fitting in reputation, or scam related, which can be posted in the scam accusation board.
1765  Other / Meta / Re: How to post from drafts ? on: August 05, 2022, 04:41:29 PM
You should also note that your drafts are limited and not saved Infinitely.
It contains your last 100 saved texts (drafts are saved when you preview or post) and is only saved for 7 days. So drafts saved over a week ago would not be available anymore. They can however be stored indefinitely on the forum database

Do not use drafts as a permanent storage for text content.
1766  Bitcoin / Bitcoin Discussion / Re: The British Museum has some Bitcoin items on display on: August 05, 2022, 10:25:05 AM
Would be a great destination for a Bitcoin enthusiast around the area. Hopefully, they have guides who can properly explain to the public how it works and that bitcoins are not usually represented in its physical form.

You are not far from the truth, although they do not treat it as theft in the literal sense, but as saving valuable artifacts from decay in countries that at that time did not consider themselves capable of protecting their national treasures. However, some things should be returned to where they belong. because a lot has changed in a positive sense in those countries.
Anyone can come up with an excuse to justify their actions, doesn't mean it is applicable.
No one was appointed custodians of art to preserve art you didn't create. Anyone who is capable of making it, should get to keep it, whether or not one thinks they can preserve it.
In my opinion, it wasn't right to take them at all, and the fact that they've not been returned shows that the intentions were not as selfless as it is being painted from the go.
1767  Other / Beginners & Help / Re: Self-custody isn’t for everyone: WisdomTree exec on ‘be your own bank’ on: August 05, 2022, 10:02:32 AM
I am surprised that someone will say self-custody wallets are not for everyone, it is like saying having freedom over your own money is not for everyone.
The last two paragraphs of the article talks about the company the interviewee represents, launching a custodian service in the coming months; that is enough reason to bring up an argument as to how self custody is not always the best and one can store their coins more conveniently with a renowed and reputable brand.

And, there is some truth to this, as much as we are enthusiastic about Bitcoin, it's not everyone's thing, neither is the responsibility that comes with being your own bank. Many people would rather someone else handled that task of keeping their fins safe. So, custodian services have to give a sense of trust and safety to attract users.
1768  Other / Politics & Society / Re: China-US-Taiwan and the Economy on: August 04, 2022, 05:04:37 PM
Lots of useful insights on this thread, I was not very aware of the China-US-Taiwan beyond the fact that Nancy Pelosi embarked on a trip to Taiwan against better judgement and that had the potential to kick start a conflict or to accentuate the existing rivalries.

However one looks at it, it's not a good situation and the consequences of the next couple of weeks and months could have an effect at a global scale affecting prices of oil and basically any other commodities.

When it comes to bitcoin, logically speaking since bitcoin is THE hedge against inflation it should start performing well but the recent panic sells that brought us to the current price suggests the irrational market behavior is still a possibility. On the other hand we know that weak hands have sold their coins so there shouldn't be many of them left for more panic sells.
I think at the very best we could have very volatile market ahead of is (in case war breaks out over Taiwan).
Bitcoin might not exactly start doing well (rising in price), but I am not expecting a downward trend anytime soon. A bit of sideways movement over the next couple of weeks/months and maybe an upward break down the road.
1769  Bitcoin / Bitcoin Discussion / Re: How do you assess the value of Bitcoin? on: August 04, 2022, 12:52:53 PM
My moto for many years was to buy on a weekly basis, with whatever disposable cash I had at the end of the week.... but I figured out that it was a stupid idea.
Buying weekly is a example of DCA and I wouldn't call it a stupid idea as it has helped so many people get over the fear of taking a big leap into a high risk venture like Bitcoin, by breaking it down into smaller, achievable targets which they can easily reach without any pressure.

You force yourself to buy constantly, because you want to horde more and more bitcoins like Mr Scrooge... but you making a big mistake.
With DCA, you don't need to force yourself to do anything.
If your salary is xxx amount, and you can spare yyy amount every week, bi-weekly, monthly, bi-monthly, quarterly etc. Then you exchange that amount you can spare for Bitcoin. To avoid laying multiple transaction fees, you can spread out the buys a bit more.
Of course, during periods like when the price spikes up alot, you can hold on a bit from buying and when it dips, you can buy more.
Waiting for more preferable markets between the above points (spike and dips) might not be very effective.
1770  Economy / Speculation / Re: Are we at the bottom? no one knows, but market is doing fine. on: August 04, 2022, 07:48:43 AM
Do you see any good signal that we might get out of this mess? Bottom or not until these fundamental problems are solved I just can't see a bull market coming.
I won't call the situation the price is at now a mess by any means. It's just a normal price correction, after the ATH of last year; nothing too serious.
Also, all those factors you mentioned are not fundamental problems related to Bitcoin or the cryptocurrency market, they are external market trends which can indirectly affect other global markets.

Note that the market is not determined by the extremes of ups and downs, but rather the period of stability in-between, and that amount that Bitcoin stables at over the years have been consistently increasing.
After the 2017 ATH, the market settled at below $8k for most of the time, now we have an apparent bottom of >$22k which is a significant increase. Those are my biggest takeaways from this cycle.
1771  Other / Beginners & Help / Re: Question related to new users on: August 03, 2022, 10:55:28 AM
I would like to ask what forum members can suggest to me, is it any non-paid, fast method to gain more revenue?

I'm expecting some major responses.
Don't know if this applies as a major response, but you should consider learning about digital marketing this would guide you in building interaction with people who could eventually turn to customers:

• Read about what platforms are best for promoting your project, do not be limited to just Twitter,
• Create a compelling funnel like profile, which would draw readers of your posts in and maybe turn them to be part of your community,
• Interact: this is very important. To connect with people (relevant to that field) you have to interact with them, involves liking, commenting, private messaging etc
NOTE: do not spam
• Be consistent with your engagements,
• Provide value beyond your art, there are a thousand and one arts out there, try to stand out with other helpful content,
• Remain consistent,
• Constantly read and learn about building an online presence.

Alternatively, you could always hire a social media manager.
1772  Bitcoin / Bitcoin Discussion / Re: My Retired Uncle's Gratuity Invested on Bitcoin on: August 02, 2022, 03:35:27 PM
no, if you take in consideration on what i explained, he is investing only 40% on bitcoin while the remaining 60% is going on agricultural farming business and roadside snack bar which are 30% each respectively.
And 60+40 sums up to 100%, which is what I was pointing out. All of the gratuity would be going to high risk investments.
When investing, even when you diversify, you should factor in amount you can afford to lose, cause just as one investment can go bad, so can another.

Good luck to you and your uncle!
1773  Other / Beginners & Help / Re: Cryptocurrency Regulations on: August 02, 2022, 08:32:43 AM
But then, if  we accept crypto regulations, what happens to the decentralized feature  of  crytocurrency/blockchain?
You are right to have your reservations about regulations, and it would pretty much invalidate the decentralization of the crypto industry, while not solving rug pulls or eliminating scams.

Decentralization means you do not rely on any central authority, and do not need to trust a middle man. Regulation is the exact opposite as with it, a central authority can control, freeze, or lock your funds, and request you to prove why it should be released to you.
1774  Bitcoin / Bitcoin Discussion / Re: Why Ilya Lichtenstein didn't coinjoin? on: August 02, 2022, 08:15:45 AM
<snip>
I'm aware monero is a privacy coin, the point I was making, was how much difficult it gets to clean the funds, when the scam goes public and related addresses gets flagged.

Considering the BTC amount, exchanging that to monero would need a platform with very high liquidity or would be done over a long period of time, both scenarios would increase chances of exposure.
1775  Economy / Web Wallets / Re: I have to verify my blockchain account? on: August 02, 2022, 08:12:35 AM
I'm using the blockchain.com app and now I have to verify my account. Do you have the same?

Normally I could receive and send coins now I have to verify my account.
Do you use it to store your coins or to exchange? The platform is not highly recommended by users and there are better options both for storage and exchanging.

Try talking to their customer support to ascertain what services you're limited from and decide if you need to verify or not.
1776  Bitcoin / Bitcoin Discussion / Re: Why Ilya Lichtenstein didn't coinjoin? on: August 02, 2022, 08:09:17 AM
How come smart people like these two failed to such junior issues? They could have used some decentralized monero exchanges to launder the tainted coins.
The thing is after a scam of a large magnitude, the options to liquidate becomes very thin. The address is going to get flagged by many exchanges, and if you're going to use a decentralized platform, you'll need to also reveal the address you want the new coins sent to, which could still be a means of exposure.

It's doable to launder, but quite difficult to execute. Further prove that Bitcoin or crypto does not encourage scams and frauds with its transparent nature.
1777  Economy / Exchanges / Re: Cryptocurrency exchange koinex shut down in india on: August 01, 2022, 12:38:29 PM
why is it that people are still afraid to adopt it, but it is legal in many countries
Can anyone tell?
It is the government who doesn't want the people to properly use Bitcoin. The citizens are willing to use it and India is a nation where Bitcoin and crypto is very popular.
The reason some governments are scared to not allow free usage of cryptocurrencies; they cannot control it.
1778  Other / Beginners & Help / Re: Why People Use Bitcointalk on: August 01, 2022, 12:02:46 PM
Almost From Seven Month i use Bitcointalk Forum. I see that have many Forum same like Bitcointalk. For Example, Cryptotalk, Altcointalk, Bitcoingarden etc Forum.
Out of the three you highlighted, I know of and have visited two, including other cryptocurrency related platforms, and I find Bitcointalk to be the most original - it was after all created by Satoshi, giving it a higher level of credibility.
The forum is also more community oriented, and I find discussion here to be of a higher quality.

Asking this question here would get you answers from bitcointalk users and would not create a proper analysis. There very well might be users on those platforms who prefer it for one reason or the other.
1779  Other / Beginners & Help / Re: Is there a preferred way to partially quote a forum member? on: August 01, 2022, 04:53:05 AM
When I quote someone I'm replying to I mostly delete the stuff that doesn't pertain to what I'm about to write.

Is that okay? Do people around here get annoyed at being quoted out of context?
I don't see how that would be quoting out of context, except of course the user clarified that quoted part in other parts of their reply.
Ideally, you read the whole text before quoting a select part.

I don't see many members doing it, but should I be using some kind of explicit marker like "~snip~" or "..."?
People have different preferences, but as long as you're not quoting wall of texts or images you are doing it just fine.
I believe snip or blank text quote markers, are best used when the reply you're quoting is right above yours and you're replying to the whole text. It would be relatively easy for anyone to read.
1780  Bitcoin / Bitcoin Discussion / Re: My Retired Uncle's Gratuity Invested on Bitcoin on: July 31, 2022, 01:01:29 PM
I asked him to invest 30% of his gratuity fund into agricultural farming business since we are in the raining season, planting of arable cash crops like vegetables could be a good business with high demands,  another 30% into starting a roadside Snack Bar, while the last advise was to make an investment with the 40% left in Bitcoin,
It's always great to teach someone about Bitcoin, as they have the opportunity to get interested in it and understand its utilities.
They need to also be aware of the risks involved, not just in Bitcoin investment, but also the other investment plans; There's more to agriculture than understanding of seasons, and a roadside bar comes with a lot of logistics which you need to consider.

Another point to note, is the calculation sums up to 100%, which is the entire gratuity. So, your uncle is investing his entire stash into high risk assets, which has potential for high returns, but also the risk of losses.
P.S, I'm not shitting on your ideas, they can possibly be profitable overtime, but it would be wise to do your due diligence in research on all the suggested investment ideas and draw up an investment plan over a period of time, rather than going all in.
You should take this more serious if he does not have more savings besides the newly gotten gratuity.
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