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1881  Other / Beginners & Help / Re: Then what will happen to your account? on: July 03, 2022, 03:45:49 PM
After a user passes away, the most appropriate action imo, is for the account to become idle.

I wouldn't want to associate a veteran account to a new entity behind the keyboard who we all know nothing about. The forum is of course anonymous and no one knows who is who personally, but through someone's posts, replies and demeanor, it's possible to build a sort of personality about them.
Transfer of account would creates lots of challenges, especially in the trust system.
A total newbie could just walk only a DT1 account.

Then  Can't we see the good deeds from these big reputed people's account?
All posts remain public and anyone can easily access them.
1882  Bitcoin / Bitcoin Technical Support / Re: Corrupted block database detected on: July 03, 2022, 02:27:29 PM
The pop up message is likely because you do have a corrupted database. Here's a recent thread I found, and a user with the exact same issue as yours, helped by one of the forum members here;
Your database is likely corrupted. Try wiping out the block index with bitcoin-qt -reindex. This will re-make the database by going all over the blk.dat files, re-validate them and rebuilding the chainstate. It'll take a lot of time.

Have you checked your debug.log for further info?

Read from reply #75 down for a step by step process on how to possibly fix the issue.
1883  Bitcoin / Bitcoin Discussion / Re: POS VS POW effect on valuation of bitcoin on: July 03, 2022, 02:17:49 PM
I worry that POS might be the only feasible option for Bitcoin once all the Bitcoin are mined or until mining costs no longer justify rewards (if that is possible)
...
Although I do dislike the anti-democratic part of POS.  Basically it could turn out to be centralization with extra steps.
That is a reasonable option, but such a situation which doesn't align with the current protocol of the Bitcoin network will just make it another altcoin and not worth what the possible value could be then.

There are many uncertainties about how Bitcoin operation would function over the next century as the mining rewards gradually halves to zero and I cannot predict what changes would occur; But I would definitely not want to hold some coin built on PoS model, especially when I opted into PoW in the first place.
1884  Other / Beginners & Help / Re: How quick does the market grow during bull market? on: July 03, 2022, 02:01:29 PM
Looking at recent history;

2017
During the 2017 bull run, the market started moving upwards very slowly at about April, before then, the price hovered below $1k, and even below $500 about a year before (2016).
The price run up to over $20k took till December, which is about eight months total. Then came the steep decline in 2018 as the price gradually climbed downwards.

2021
Following the above bull run, the price slowed down and bears took over with Bitcoin dropping to about $3k.
There were momentary spikes in price in middle 2019, but it wasn't until September 2019, few months after the halving that the value of Bitcoin really started to pick up, and it took about 7 months from there for us to reach the value of $63k in April, after which came a sharp decline.
This however was not the end of the bull run as Bitcoin still reached a new all time high in Nov, 2021. So this bull run lasted about 13 months.
Note that this is no indication of future price actions, and you could be waiting well last 2024 to see the next bull run.
1885  Bitcoin / Bitcoin Discussion / Re: This is a Must sharing happiness About Bitcoin on: July 02, 2022, 08:30:48 PM
There has been lots of posts about how forum users introduced individuals to Bitcoin in the classroom or in a boardroom meeting. This goes to show that cryptocurrency usage is being encouraged in many real life situations rather then remaining an abstract digital tech thingy, which is used for high risk investments.

Great to see that as much as 80% of the workers opted for Bitcoin as a means of payment, would have been interesting to know how many of the workers did not immediately convert them to fiat but actually chose to hold a certain amount of their earnings in Bitcoin instead.
1886  Bitcoin / Bitcoin Discussion / Re: Bitcoins have intrinsic monetary value, don't they? on: July 02, 2022, 03:48:59 PM
The mechanism being that if the price falls too low then gold mining would slow down in response and supply would decrease therefore increasing price.
Scarcity is vital to valuation, but it doesn't just function as a system you start and stop in response to the market. Gold mining rigs can work for a number of years and takes lots of money to set up. It's not a system that can be readily opened and closed in response to changes in the market, CMIIW.

The mechanism being that if the price falls too low1 then selling would slow down in response and supply2 would decrease therefore increasing price.
Bitcoin's value usually falls low in response to high sell offs and is usually direct result of it. Where holders panic sell to cut their losses.

Also, market supply, i.e, coins available for purchase on exchanges are quite different from total supply, which is determined by each completed block.

[2] I don't mean "supply" in the "minting" sense, I mean it in the "willingness-to-sell" sense.
If willingness to sell reduces against demand, then that should create a support for the price, and prevent further dumps.
1887  Bitcoin / Bitcoin Discussion / Re: Is blockchain safe for Bitcoin storage? on: July 02, 2022, 06:15:14 AM
When you create an account on blockchain, the best thing to do is verify your email address and complete the three key verification factors. This will make bitcoins stored in the app more secured.
It seems to me, like you're confusing the blockchain network or public ledger with the blockchain(dot)com wallet.

•The former is the baseline technology which allows digital assets to exist. Its security depends on the algorithm used. Bitcoin uses Proof Of Work algorithm which makes it the most secured cryptocurrency available.

• The latter is a wallet software used to store and exchange digital assets. It's not recommended.
1888  Bitcoin / Bitcoin Discussion / Re: Is the world ready to embrace physical bitcoin? on: July 02, 2022, 05:18:21 AM
You should try resizing your images, as it makes it a bit difficult to read through the body of text.

  • To be used for the purchase of goods or services
  • To facilitate the storage and/or management of Bitcoin
  • To make them available for market transactions
  • To act as an investment vehicle
  • To be used for the purchase of goods or services
Digital Bitcoin already serves all these purposes more efficiently than any physical form would, making it redundant to actually create one.
In fact, one of the qualities of Bitcoin is it's digital form. Making it easy to carry large amounts anywhere and exchange any fraction you want.
1889  Other / Meta / Re: Post History Do Not Reflect on: July 01, 2022, 08:51:03 AM
I also have no issue accessing the user's post history, so it's most likely only from your end.

Majority of the users posts are in the Altcoin Announcement section and also in the economics board; do you by any chance have both of them on ignore?
1890  Other / Beginners & Help / Re: Almost all NFTs are scam on: June 29, 2022, 07:37:26 AM
It is very like the ICO mania days, where projects where springing up everywhere, due to the fact that Bitcoin was pumping. And ~95% of them had no unique utility and no value today.

This is what happens with erery trend; DeFi and now NFTs; they are getting so much hype and this attracts devs looking for quick cash, and creating lots of rug pulls.
I would say there are some real utility for NFTs, but it's greatly overshadowed by the bulk of scam and money grabbing projects.
1891  Other / Beginners & Help / Re: Deep Bitcointalk Forum Statistics No One Ever Told You About on: June 29, 2022, 07:32:36 AM
So all this data (information) is made possible through the use of your Google account (Gmail), whereby when you want to register a Gmail account, there is always a column for name, gender, date of birth e.t.c, so what this artificial intelligence (A.I) tool does is use the information on your Google account which you used in registering on the bitcointalk forum to give an estimated data with the help of A.I tool like similarweb.com. So I hope you now understand how all this works. Alright. Thanks
The email account of majority of users who register on the forum, is hidden from public, and this website is not among the websites with access to user data, so a bulk of information is unavailable to them through tracking email addresses.

Another way they could try getting data is by checking what user's input on their profile, in the gender, age and country option, this would most likely be inaccurate as well as many users do not fill those slots and no guarantee that those who do, actually put in correct information.
1892  Economy / Exchanges / Re: Coinbase is Detaining My Bitcoin Past the Withdrawal Date on: June 28, 2022, 10:04:20 PM
It's bad enough that Coinbase holds your Bitcoin for several days after you purchased it, which they should have no absolutely no right to do, but it's downright enraging when you can't even send it when they claim that you'll be able to.
I don't think I've come across a case where a particular user is restricted from making transactions with no reasons giving. But they do have the right to hold your Bitcoins as you agreed to their Terms of Service.
Not your keys; Not your coins.

They essentially let you use your Bitcoin as you do not have custody of it.

What do I do now to withdraw my remaining Bitcoin?
Only coinbase can allow you.
Have you tried contacting their support and maybe calling them out on social media?

Try the first option and wait for a reply and if that's not a satisfactory one, then you can call them out publicly.
1893  Other / Beginners & Help / Re: Collisions on private addresses? Balances? on: June 28, 2022, 09:59:40 PM
Is it true if that were to happen, all I need is the private key to spend the funds?
Private keys are the means by which transactions are signed from corresponding addresses on the blockchain which were generated from they xpriv key. So, with the private keys you will be able to spend funds from that address.

If it were possible to generate private keys and public keys which has a balance on it, then it would not have been worth it, as the network would haveko value.
1894  Other / Beginners & Help / Re: Bitcoin anonymous or private? on: June 28, 2022, 09:04:32 PM
Both anonymous and private are a same thing,
...
Anonymous and private mean we can't track the transactions is.
Anonymity and privacy are not the same thing.
Privacy essentially means that no one can track your activity, and being a public ledger, all transactions are visible and traceable.
Anonymity or pseudo anonymity, means that the activities on the blockchain cannot be linked to any real life identity or that multiple addresses cannot be linked together based off the flow of transactions.

With visible blocks, it's impossible to hide a transaction, but you can alienate it from any individual.
1895  Bitcoin / Bitcoin Discussion / Re: Bitcoin halving and hardness on: June 28, 2022, 02:02:09 PM
You're essentially asking what the result would be on the value of Bitcoin as a currency or asset after the halving, if there is no change in the difficulty level required to mine blocks?

In my opinion, that should somewhat have an effect on the value or hardness as you call it. It shows that miners deem the value of Bitcoin to still be the same, despite the fact that they are getting only half of the reward that was available, which could be an indication of an increase in the value from before the halving or an expected bull run.

This does not mean that there is a direct correlation and that there would be an immediate impact on the market if that happens, but it would influence trader sentiments
1896  Other / Beginners & Help / Re: Fear of losing my coins grabbed me by neck on: June 28, 2022, 01:53:01 PM
I'm having a hard time understanding your request, you don't have money for a hardware wallet, so you are running on a mobile wallet through your Android device; which part of this process requires you to copy your private keys?

On electrum, you will be giving your mnemonic phrase on creating an address and you can back that up physically and store in a secure location without having to copy or screenshot them, which are not advisable for safety.

for those who aren't using hardware wallet how are you doing it? What is the safe procedure with mobile wallet users.
• Have two devices, one is airgapped where you create a wallet with your private keys,
• On the second device which accesses the internet, you create a watch only wallet with your public key,
• When creating a transaction, you get your raw unsigned transaction on the watch only wallet and then sign that on the airgapped one.
1897  Other / Beginners & Help / Re: Bitcoin anonymous or private? on: June 27, 2022, 08:57:28 PM
if we take our decentralized coin (Bitcoin) for instance that is solely P2P, the amount of coin own on our respective wallet is limitless provided it is not centralized giving us complete privacy to how much of the coin we own.
You actually do not have complete privacy to how much of a coin you own on a particular address. All addresses are publicly verifiable, especially when sending out a transaction and the amounts on it can be checked through a blockchain explorer. What an explorer cannot do, is tell you who owns the address, hence the pseudo anonymity.

Since Bitcoin address owners need to reveal their identities during business when payment of goods and services are been made during transaction then it can't be said to be fully anonymous. OR is the anonymous nature of Bitcoin just restricted to third party intermediaries?
If I reveal an address for a transaction, let's say on the forum, it has to be posted publicly for a third party to link it to me, so I'm not fully de-anonymized. Also, the 2nd party who I'm revealing my address to, does not know of any other addresses I own.

What will we say then is Bitcoin, anonymous or private?
Pseudo anonymous, and public.
1898  Bitcoin / Bitcoin Discussion / Re: Bitcoin Master Thesis on: June 27, 2022, 08:40:00 PM
I'm hoping that more experienced members here could possibly answer my main concern, which is whether I can find reputable and valid sources for such a subject. For instance, when writing a medical thesis, you can resort to a few well-known websites such as ECDC, WHO or even Medical Publications. What about Bitcoin and cryptocurrencies, though? Will I have difficulties finding decent sources?
I would think it would be easier to find publications for medical research or for topics from other more established fields than it would be to do so for Bitcoin. There is of course, Bitcoin wiki and other reputable websites, but a bulk of the information are spread around different platforms and not written in a scholarly form.

So, Yes; there would definitely be difficulties, but it's very doable, imo.

Moreover, I'm not really a theoretical type of person, I'm good with finding and analyzing data, what kind of analysis could I possibly conduct for such a subject? Their usage, the increasing market cap over the years? Any interesting ideas?
If you're good at finding and analysing data, then a new niche would be very fitting for you to research on, as you will be pioneering content for it and building the blocks for further research.
I can't offer much on what techniques to use for a Master's research.
1899  Economy / Trading Discussion / Re: Be careful ! 4500 Bitcoins has send to coinbase pro on: June 27, 2022, 04:52:17 PM
Bitcoin currently has a trading volume of over $17 billion, someone moving around 4500BTC to an exchange is not reason enough to declare a warning for other Bitcoin users. The market can take such liquidity without a significant impact in the price, especially if it's done OTC.

Coin days destroyed, could factor in, if this sort of transaction occurs on a large scale and could indicate lots of old users are liquidating, but an isolated case would not much affect trader sentiments.
1900  Economy / Economics / Re: How would a global economic recession affect Bitcoin's price? on: June 27, 2022, 03:58:25 PM
A global recession hits every market as it affects the spending capability of the community; This reduces how much money people have to put into different assets and usually slows demand and reduces the price.

To understand how this could affect Bitcoin, we can take a look at the 2020 crisis, where there was total and partial lockdown in most places, slowing economies to a halt, Bitcoin however maintained a fairly stable price and acted as a sort of hedge funds for most, while many other assets were going to the ground.

This of course, does not mean bitcoin is resistant to market crisis, the reaction would not always be the same.
It's also important to note, that BTC has its market cycles, so drops and spikes are not always the result of any particular cause.
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