And this film teaches me 2 things.
1: A centralized exchange is required, but it is also risky. 2: What happened to your bitcoin after your death, if you didn't share your account access with anyone? I have not seen the documentary yet, but I can say, centralized exchanges are not required, in fact they should be avoided if you can find an alternative to use in it's stead. A decentralized network does not need a centralized agency to work. If you do not share your account access and held them in a non custodian wallet, the bitcoins arr effectively lost. Everyone who holds an amount of Bitcoin (whether or not it's a significant amount now) should prepare for this possiblity. A custodian wallet can get access to those Bitcoins as they have custody.
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The topic is quite misleading. Many coins do not have any purpose or use case besides being a way for the devs to make money of "investors". Majority of cryotocurrencies in the market fall under this category and would not be around in a couple more years or shorter. Btc is expensive so it can just act as reserve asset to back up stable coins like usdt. Btc is more like limited supply sacred asset wich is perfect to be usdt backer.
Firstly, why would you want to back up a currency which is already (not really tho) backed by another currency? Bitcoin has different usecases depending on the holder's preference, and the market price does not affect the usage of Bitcoin.
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Are there any approximate metrics for how many of these have mandatory Know Your Customer integrated? I'm not aware if any such information is compiled already, but you can research on the individual manufacturers of Bitcoin ATMs and check up their privacy policy. From content I've followed on the forum, it appears majority of ATMs have a sort of private gateway which is needed to verify your identity, this could be a mobile number.
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That brings me to my question "imagine a future without cryptocurrency Bitcoin and a world without digital payments". ___how will the world look like? ___will financial transaction be stressful and restrict? ___will there be anything like Bitcointalk forum? ___will the rate of jobless increase or decrease? ___will the rate of scamming increase or decrease?
The world would pretty much be the same with or without Bitcoin, the affected would be the minority who are into Bitcoin and to those it would be a huge void as we have gotten used to having a reliable alternative from centralized Fiat. To the minority who use Bitcoin for it's qualities, yes. I assume yes. The community here is white ingenious and creative, I would assume there would be lot of brainstorming to fix what was lost. No significant changes, imo. No significant changes either.
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Now, many of usignorant folksare enthusiastic about cryptocurrency, but we don't seem to know where to start, what to learn, how to invest, the future of cryptocurrency and how to not be victims of scam. The basics is the best place to start. There are so many useful content about storage, security. I've shared these links about learning in the past, and it could be useful here too; This covers a good amount of Bitcoin basics: https://www.coindesk.com/learn/This discusses about wallets and security: https://cryptosec.info/wallets/ Investing would require some research, and you can use the forum for that. The most common advice is to; Only invest what you can afford to lose, Buy the dip and sell the spike, You don't lose, until you cut your losses, Not your keys, not your coins. Majority of cryptocurrencies do not really have a future. Many of the coins now would not be around 5-10 years from now. I would vouch on Bitcoin to b around for much longer however. To escape scams, treat every offer like a scam until proven otherwise.
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Those are quite impressive numbers, and many of us (actually all of us) can only imagine how Bitcoin would exist then and how people would interact with it, as we would not be there to witness it. The last Bitcoin will need more than 34 years to be mined. Yes, a single BTC will take 34 years to be mined! It will start around 2106 and take until 2140 until the last BTC is mined.
How much impact would mining rewards and halving have on the market then, when about 99% have already been mined and the remaining yet to be mined would not affect the market much. Of course, Miners will be rewarded by transaction fees by then.
This is also a topic with many uncertainties about how motivated miners would be at that time to invest in mining rigs and electricity.
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I thought Blockchain.com was a non-custodial web wallet. Can't you just take your seed phrase and import your wallet into another wallet, like Electrum?
You can, but I would consider that an unsafe way to secure your funds as you cannot verify how your keys and seed phrases were stored on their platform. It is much better to sweep the funds to a new wallet you've created on a non custodian, open source wallet software, like electrum. And of course, you verify the signature.
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Today i received a personal message from a user kamaljamalFirst red flag. Unsolicited messages which requires you to take an action; reset password, enter seed phrase etc, should be avoided completely. I think this is a new way of scammers to get hold on our passwords. Also only clicking the link ( as i did) would cause no harm if we do not enter the password?
This is a pretty old means of scamming and spreading malware's around. Just clicking on the link should not create any vulnerabilities, entering your password is the action that will send a feedback to the hackers and they can take control of your account.
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You can go one further and actually send newbies to jail for an extended period, where they only have access to a device which can only access the forum without the post option.
We pick up anyone who attempts to join the forum like, blind fold them and bring them to out secret base; No, I'm not copying squid game, that's the plot for every other thriller movie. If they fall to pass the IQ test, well, we could actually copy squid game then.
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I sincerely hope that all my training through different levels of school and extensive research on random things on YouTube have prepared me for the most important test of my life - The bitcointalk IQ test.
P.S, I had no idea what the question was talking about and restisted the urge to Google it (at least not yet). Theymos, are these real questions? And is LoyceV a real A.I? Trivia away...
Edit: 95 on first post, the system is rigged
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Would be interesting to find out if the planned conference is more than a publicity program to attract more Bitcoin users to their platform.
The motive aside however, it could be agteaf way for more people to learn about Bitcoin and how it actually works, there are some speakers listed there who I personally follow on social media and who spread credible content related to cryptocurrencies and not just hype to get followers excited.
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There are no strict rules about merit abuse on the forum, except it involves merit sources; The idea is if it is related to a regular user then it isn't much of a big deal as they would eventually run out of smerits to circulate between their alt accounts.
You could move this post to reputation, but there would b no official action taken as suspected merit abuse is no moderated.
*Edit: post already moved.
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Another reason why you should avoid investing in shitcoins and start investing in Bitcoin. This is the second biggest hack after Polynetwork as per Bloomberg.
Inaccurate comparison in my opinion, Mt. Gox is a hack on an exchange and it does not relate to Bitcoin. The hack on Ronin Bridge is more technically related to its blockchain and operation of Axie Infinity. I'm interpreting that comparison to mean that one should avoid shitcoins cause the are vulnerable to hacks and leaks, whilst Bitcoin is a much more secure network and any breach is usually through third party networks like exchanges and not linked to Bitcoin at all as people can choose where to store their coins and many make wrong decisions.
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Any new technology is met with a certain level of resistance from the general public, this could be due to an inability to accept something different from the norm. The internet suffered this when it was launched, and Bitcoin did the same, as the general public was already used to Fiat as the principal financial agent. I think people fear and react negatively to what they do not understand
This only happens for a while, with time the acceptance spreads around the public as more people come to the realization that there can be an efficient alternative.
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Recognition of Cryptocurrencies has been on the rise for many years now, with greater adoption and usability; Governments getting involved is just an effect of the growing adoption. Several countries of the world are now taking the center stage in the Cryptocurrency because the next reserve currency will be BTCitcoin, like it or not, even take it to the bank.
Bitcoin could very well become a global reserve currency in the future, I'm not positive if it will be the next as such developments take lots of time.
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Hi, what formulas do you use to know if it is profitable to freeze and unfreeze bitcoin / other currencies.
Can you explain what you mean by freezing and unfreezing a cryptocurrency? And do you know any strategy to identify at a given time the currencies that have the most pronounced price rises and falls? and some excel formula or other idea to calculate the possible benefits before making the operation.
There is no idea to identify price rises and falls. You can use knowledge of technical analysis, but it's sort of a gamble, not a guarantee.
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My vote is: No A few years ago I have participated in an evaluation of a service practically identical to the one you propose in which they were asked to test their mixer. Here you can find the topic for reference. https://bitcointalk.org/index.php?topic=5140688.0 The major difference between this two scenarios is that the one you linked asked that the review be posted on that exact topic in services, while this one which is being discussed is referring participants to their ANN thread. That's the clause which gives the impression that participants are being motivated to post in their ANN thread; boosting discussions.
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If the IP address is banned, it will be blocked from rejoining the forum. But if this IP address is allowed to rejoin the forum by paying an evil fee, that means the user has atone his sin with the evil fee payment, and therefore should not be punished for ban evasion again.
That's not how ban evasion works; the evil fee or whitelisting window was created for members who are inadvertently affected by the IP restrictions to give them a way to join the forum. The rules on bans are simple, if a member is banned, then the are not allowed to create another account on the forum, doing that is an evasion of the ban and would lead to a ban if discovered.
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but I have access to 180TB of HDD from my deceased father and I want to know if there is ever any crypto-related use case for HDD, The most practical use would be running your own node and downloading your copy of the blockchain, you can run a full node; This helps enforce network rules and maintains the consensus.
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I read through the forum rules and happy to know that it's tightly moderated to intelligent discussions.
I hope you do not get too disappointed when you browse the forum more. Jus like any platform on the internet, do not take all contents posted to be accurate, there are lots of spam around the forum and posts made solely for the sake of it. Always verify what you read.
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