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2121  Bitcoin / Bitcoin Discussion / Re: What is the real value of bitcoin today? on: April 22, 2022, 07:40:27 PM
Forget all indicators , sentimental and fundamental discussion! Did any one calculate the theoretical value of BTC and identify its variance from the actual price?
Can this concept be used in other fields?
Lots of assets and stocks have grown over time as they increase their userbase and demand grows. That's how investments work, you invest in something you feel has the potential to grow with time; as more people become aware and demand grows against supply.

Indicators are what you have to go by. And sentiments is imperative in a speculative market.

It has admittedly been a long time since I did an analysis of the network, but the last time I did I found a fair value assessment of around $4,000.  Granted that was probably 6 years ago,
I'm curious to know what process was used to arrive at that value. Some believe the acrua value is a consequence of the cost of production, some others would argue that the value is in its utility. All these are speculations of course and I'm not convinced there's a reliable metric that can be used to valuate an asset like Bitcoin.
2122  Bitcoin / Bitcoin Discussion / Re: Any unexpected incidents - Bitcoin on: April 22, 2022, 02:23:42 PM
However slowly bitcoin is getting displayed here and there without reason. Does this intend people to know what is it.
As already mentioned, this was likely for no reason, the editor could have added it because;
• The agency accepts Bitcoin and it was requested, or
• To symbolize payment, this could be to say they are affordable or transactions are fast, just as putting dollar symbol to signify a transaction in many ads.

Lots of people already know what Bitcoin is, to an extent. This is no longer a new concept, it's one that is already wide spread.
2123  Other / Beginners & Help / Re: Selling stuff on Bitcointalk on: April 19, 2022, 11:51:25 AM
I'd rather use craiglist to sell those components or even sell using eBay, I can't deal with using anyone as escrow on this forum because I have trust issues with people like me, the only thing the will risk is their account which can only get red trust, thats it, be careful.
You need to be careful whichever platform you use, and you also need to have an element of trust. If you opt for Craiglist or eBay over the forum, then you "trust" them more. You can easily be scammed on either platforms if you do not take enough safety precautions.

This is more of preference than which is better security wise.
About risking accounts, some accounts on the forum are relatively worth certain amounts (it's not ideal to view them as such); this amount cannot be fixed, but you can estimate it to be higher or lower than that which you risk in a trade. Of course scammers can get control of certain accounts and would not mind the apparent worth of it
2124  Alternate cryptocurrencies / Altcoin Discussion / Re: Auto Staking & Auto Compounding Project's Future !!! on: April 19, 2022, 05:15:40 AM
What is the future of these projects?
And how reasonable is the investment?
• The future of any project depends on the use case of the project, how relevant it is and how well executed it can be done. Many of the projects being launches in the crypto sphere, fail on all fronts and their only focus is on marketing and profits for the "team".

• I personally do not buy the idea of staking your supply of a coin or token to get more over a fixed time period as there's a disproportion in supply, with those with higher stashes getting more than those with lower and also diluting the total supply which can affect the market value.
Some people stake simply cause they noticed they can gain xxx amount over a period of time, without researching on the actual product they are buying into.
2125  Other / Meta / Re: Old design pros on: April 19, 2022, 05:10:43 AM
For privacy conscious people (as it appears to be most are here), this old ass design is actually kind of blessing?
Having the forum maintain its original software after a couple of years is a big plus, as opposed to more recent apps or websites which are updated every other day.
Privacy relevance is not the only reason, the ease of use and accessibility also adds to the user experience.

[No no reading is totally fine. The pain comes when you want to make a response and you'd have to handle multiple quotes. You know those posts that you really disagree with that you really have to refute every single line of the main post? Yea LOL.
What I usually do in such situations; after the initial quote of the full text, I copy out the full quote and paste it subsequently on my reply cropping it down to the line I need and repeating, till I'm done with that text.
2126  Economy / Gambling discussion / Re: 🏆 The Emirates FA Cup - Season 2021/2022 on: April 16, 2022, 03:48:37 PM
The match has been more open and entertaining since the Grealish goal. Manchester city are approaching the game with much more stacking intent and creating more chances.
They are also being cautious when going forward, so as not to lose the momentum they have which would be the case should Liverpool get a fourth goal.

Not the best match between the two giantsof England, but pretty exciting. With De Bruyne warming up it could get more exciting.
2127  Economy / Gambling discussion / Re: 🏆 The Emirates FA Cup - Season 2021/2022 on: April 16, 2022, 03:20:18 PM
Mane extends Liverpool's control over this match with the third goal of the tie and his second. It had been a quite lackluster display from man city who seem to still be recovering from the battle at Madrid, while Liverpool look sharper at all angles, while not at too form in my opinion.

Arguably, Man city's goalie should not be beaten so easily at his near post, coming after his horrendous error forhthe second goal.
The second half should be interesting. Pep wod definitely make some changes, and would Klopp want to sit back ?
2128  Bitcoin / Bitcoin Discussion / Re: Finger print alternative way to private keys for Bitcoin Wallet recovery. on: April 15, 2022, 03:46:55 PM
Adding biometrics as a means to access your private keys is a very bad idea. We literally leave our finger prints on thousands of surfaces regularly and these could be scanned and extracted.
When you consider that crypto is designed to be pseudo anonymous, linking your biometric data is counter productive.

2 Isn't there gonna be alternative way to restoring our private keys?
There is; Backing up your private keys in multiple safe locations, so you have more than one point of security.

Nowadays, Biometric finger print  has been seen as one of the most secured and trusted means of identitification and security,
Since no one's finger print is identical.
They are not. Biometrics are simply convenient, reason why they are so popular.
Most secure means of identification? Not at all.
2129  Bitcoin / Bitcoin Discussion / Re: Privacy concern for bitcoin users on: April 15, 2022, 03:43:57 PM
None of these requirements are new.
Exchanges have been very demanding in there KYC/AML procedure for quite a long time now and it's becoming more difficult to evade these days. The lines of what transactions or actions does not require de anonymizing oneself is getting blurry and with it the cost of privacy increases.

If all these information are leaked to hackers, this will be another big problem.
Assume that any information you submit to a website has already been viewed by multiple third parties, including banks, brokers, hackers etcetera.
2130  Economy / Economics / Re: Inflation and investment on: April 14, 2022, 08:34:04 PM
  • Will you continue to invest even if it is only 10%-20% of your total monthly income?
  • How do you achieve financial stability during this inflation?
• As long as it is financially convenient to do so, Yes.
You should only invest amounts you can spare and would not be needing at that time, this value changes based on your financial situation and you should adjust your investments accordingly.
10-20% of one's monthly income is a healthy amount regardless of economies crisis. The idea is invest amounts you're comfortable with, could be 2-5%.

• You should ideally have prepared for this sort of situation before one gets into it; Saving for the rainy day.
Growing your income sources is one way to survive an inflation.
2131  Economy / Exchanges / Re: Another reason to avoid CEX for buying Bitcoin on: April 14, 2022, 01:53:55 PM
Combined BTC trading fee rate is 1% (0.12% by maker and 0.88% by taker). Absolute minimum fee to avoid dust is 0.00005 BTC.
Trading fee on bisq ranges between 0.12% and 0.88% for maker and taker.
So, for a high trade the fees could be significantly high. If we are to consider the transaction in the op. If it was done on bisq and I was the taker, the fee would have been about $44, about half of the one in the screenshot.

All middle men take a certain fee for their services, some higher than others relatively.
Building trust and trading completely Peer-to-peer is an option where one does not have to pay a fee, but it involves high level of trust to work without some sort of escrow.
2132  Bitcoin / Bitcoin Discussion / Re: About the need to end anonymity in cryptocurrencies due to the scams. Coinbase. on: April 14, 2022, 10:31:42 AM
In my opinion, Coinbase and Coinbase wallet are insecure platforms
I am of the opinion that there is nothing like a secure platform on the internet or in real life, people have been scammed through social media, banks and pretty much every establishment in-between, regardless of their privacy laws.
If you are interested in crypto, you should first understand that you are your own bank and you provide your own security, bearing the risk of actions you take.

The main problem is that there is no type of control over the applications that you can connect to the wallet, Coinbase does not do any examination, nor does it establish a legitimacy verification policy, so scammers have found gold to scam thousands of people every day in the world.
I do not use coinbase services and cannot discuss how they run their programs. But as mentioned earlier, you should not depend on third party services to do due research. You should not even trust the platform if they did tell you that they researched on the services offered.
Do not trust; Verify.

For things like that, a strict regulation that completely strangles the anonymity of cryptocurrencies is absolutely necessary, because unfortunately they are stealing from hundreds of thousands of people, and rising, and there is no way to even track the identity of the scammers.

They can do a lot more to prevent this problem, for example, allowing only applications accepted by the platform to connect to their systems, after all, they manage the address that Coinbase provided us. They must guard that information. They must send a copy of the signed contract between the person who has the address held by Coinbase and the other counterparty, so that both parties are fully aware of the fine print. They must request passwords at all times to sign this type of contract. In short, they must do much more.
I do not agree with the boldened part. There is no necessity to take out anonymity from cryptocurrencies as that's what they were built on.
Steps (like those outlined) can be taken to protect and you can send an email to coinbase for due consideration.
I can also suggest publicly tagging them on social media as that usually gets a faster response.
2133  Other / Meta / Re: Which forum to post Guides/tips about bitcoin? on: April 13, 2022, 07:21:14 AM
Hey guys, I am interested in posting Bitcoin guides on how to manage wallets and other cool tips.
Largely depends on the content of your guide and what exactly the "other cool tips" are.

• If the post is more specific on how actual wallets work and their utilities, then wallet software is the best fit.

• If it's more of a general guide to wallet security and tips to keep your crypto safe, beginner's & Help would be a better fit.

All in all, do not stress too much over it, after making the post, fit in into the option you feel is best based on the content. It would likely stay there is it is a fairly good fit.
2134  Other / Beginners & Help / Re: Please enlighten me on: April 13, 2022, 07:01:54 AM
Living exclusively on crypto is not possible at the moment (except maybe where Bitcoin is accepted as a level tender). There are lots of online services you can finance with crypto,l Bitcoin, and depending on your country's acceptance to cryptocurrencies, some physical stores and merchants could accept it as a medium of payment, but that's the extent of which it can go. Search around your country to know how far this extent goes and how much you can get directly with crypto.

Also crypto is a general term to describe thousands of coins. You will have to specific on the currency and how receptive the country is to it.
2135  Other / Beginners & Help / Re: Why beginners should pay attention to their privacy on: April 12, 2022, 09:13:03 PM
That was ~25 minutes well spent, or rather ~16 minutes if you count that I watched it on a faster playback speed.
Thanks for the channel recommendation, his mix of wit, humour and actually passing on useful information is something I would want to see more of..

To the topic in question, privacy; It is something I didn't care about before I stumbled into Bitcoin and this forum, I allowed permissions, agreed to ToC without reading the agreement, and accepted cookies without giving it a second thought, which is the same for a frightenly amount of people out there.

In addition to the privacy risk when you click on a website, there is also a risk when you simply talk to someone as some device could be "inadvertently" activated and pick up your conversation; this was covered in this guardian article. This blurs out the limits to what information companies, brokers and who knows who else can acquire about someone.

The issue I see is that the cost of keeping your privacy is constantly increasing. The populace is gradually being herded into grating access inorder to perform simple tasks, otherwise they would have to go through several hoops to remain somewhat anonymous.
2136  Bitcoin / Bitcoin Discussion / Re: what happens if miners cannot find solution? on: April 12, 2022, 07:23:24 PM
What happens if the miners cannot find the solution or takes a really long time.
If the miners cannot find the solution at their first attempt, they adjust a parameter in their header and try again. It's a continuous process which continues until a miner gets the hash result. This can take a long time or a quite short time period.

The time it takes to solve the cryptographic puzzle and confirm a block, is averagely fixed as the difficulty level is adjusted to match the Bitcoin hashrate so the time between transactions is approximately 10minutes, not a fixed time.
2137  Bitcoin / Bitcoin Discussion / Re: BITCOIN NOW A LEGAL TENDER IN SPECIAL ECONOMIC ZONE OF HONDURAS. on: April 12, 2022, 06:53:29 PM
Quote
Both the sale of bonds and the ability to use bitcoin as legal tender will be “undergirded by world-class anti-money laundering (AML) and know-your-customer (KYC) standards” to ensure regulatory compliance.
Clauses like this are the reason I do not get excited when governments get involved with Bitcoin. It helps Bitcoin adoption as it markets it to an entire population and the more governments do that, the more people get aware of Bitcoin. The downside is Bitcoin is run as a centralized market, where users have to submit KYC and the government's use it as a tool to track their financial tracks

Governments adopting Bitcoin is big news, but a bigger news is the citizens moving towards Bitcoin as an alternative to government backed cash. That presents a more community based approach
2138  Other / Archival / Re: Bitcoin's correlation with Nasdaq 100 reached ATH on: April 12, 2022, 06:39:23 PM
Some analysts believe that this may be a harbinger of a market crash and that such a correlation calls into question the properties of bitcoin, such as risk hedging and a defensive asset.
I do not see how this creates a risk of a possible market crash. Periods of correlation between different markets which share investors is expected and has been happening for quite sometime now; This could be due to shared trader sentiments and does not signify a crash.

I do not see this as a long term situation, there are shared investors in different markets, but that does not stop them from having individual value based on their uses and qualities, Bitcoin would not be any different.

Imo, this does not call bitcoin's properties into question at all.
2139  Other / Meta / Re: <(*_*)> ø¤ºQUESTIONº¤ø,¸¸,ø¤ºABOUTº¤ø,¸¸¸,ø¤ºPLAGIARISMº¤ø,¸¸,ø¤ºTHANKS/(*_*)\ on: April 11, 2022, 08:28:42 PM
if I did this with out giving credit is it plagiarism?
I do not fully understand the context of your post and some of the words like "modded", (which I assume means modify).  But if I'm to speak from a general stand point on the topic of plagiarism; If you don't credit the source which your content is based on, then it counts as plagiarism.

How much is too much alike.
If it has little or no original thought or inclusion.
The percentage of originality varies across different sectors, but for a general discussion forum, you should not copy/paste or at least not be reading off the post or source when wrting yours.
Paraphrasing also counts as plagiarism.
2140  Economy / Exchanges / Re: Coinbase suspended india ? on: April 11, 2022, 06:52:59 PM
Either way if u want to exchange ur crypto to fiat at some point you have to through KYC process anyways or if u want to do privately deal then you got to trust someone
No you do not have to.
There are decentralized, P2P networks where one can trade without having to go through the KYC process, one of such platforms is Bisq. However such decentralized platforms usually have lower liquidity.

If you want to deal privately, yes, you would need to trust the buyer/seller or trust an escrow, if you both chose to use one.
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