Bitcoin Forum
May 21, 2024, 01:36:27 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 [114] 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 ... 291 »
2261  Bitcoin / Bitcoin Discussion / Re: To those Russians who are against the war: use Bitcoin to help! on: February 27, 2022, 12:29:08 PM
I talked to a guy I used to know who's from Moscow, and even though he's against the war and has an audience of thousands of Russians who look up to him, he's afraid to protest or even publicly express his opinion about the war, saying he'll be immediately imprisoned. I don't think there's a good excuse to stay silent now, when your country is sending your boys to die in my country, hits our homes and kindergartens,
This is an unfortunate situation for the citizens involved on both sides, and while discussing the politics behind it is a bit complex, the bottom line is that humanity should prevail and loss of lives avoided at all costs.
Contrary to what you said, the threat to ones safety is reason enough for them to stay silent publicly, they have a life and family as well. Silence solves nothing of course and making yourself a sort of martyr could make a huge difference, it should however not be expected from people, but a conscious decision they make.

Donating is a good way to help, and to do so anonymously as well. Is there also a donation address that goes directly to the affected citizens and foreigners who are caught in the crossfire?
2262  Bitcoin / Bitcoin Discussion / Re: New Real Proof Bitcoin Should Be used As Main Money System on: February 26, 2022, 07:41:23 PM
Now with countries like El Salvador making BTC a legal tender. This type of scenario could easily make or break Bitcoin.
No, this situation would not have so much of an impact as to make or break bitcoin. Bitcoin is a product with utility, people use it as a currency, investment, store of value etc. These people who use it would all have varying  opinions about it,
• As a currency, Mr. Bob who tried to accept it as a means of paying for his coffee service did not do his research well and accepted an unconfirmed transaction, while Mr. Jerry did his full research and took all precautions to prevent losses,
• As an investment, Mr. Bob heard that you can 10× your money in no time and through his life savings in, while Mr. Jerry did his research, understanding the volatility in the market and how the value is affected by demand and supply and how to invest only amounts you can afford to lose.

In these different scenarios one party would likely have a bad experience with bitcoin while the other would have a significantly improved one, this does not affect the utility of bitcoin.
2263  Bitcoin / Bitcoin Discussion / Re: Ukraine is now accepting cryptocurrency donations. Bitcoin, Ethereum and USDT on: February 26, 2022, 07:30:53 PM
This situation goes to show the utility of bitcoin as a borderless currency which is immune to regulations, sanctions and the other games of politics and more people would come to the realization of this through such public acts.
I however sometimes wonder how many of the donators are enthusiasts of the cryptocurrency they donated in, or if they simply googled "how to buy BTC, ETH etc with credit card" and would not be interested in looking it up further.

Lets suppose its true and people will realize the importance of bitcoin. In the situation o war, bank and credit cards (plastic money) stopped working. Only cash and crypto in ur personal wallets can be handy all the times.
Cash would have more utility is such a situation as it is the fastest means of transacting and is not dependent on internet connection or access to a mobile device.
2264  Other / Beginners & Help / Re: Bitcoin' the new generation banking system as opposed to traditional banking. on: February 23, 2022, 08:31:46 PM
Bitcoin' on the other hand, also allows for transactions just like the bank but as a "digital asset"
This is the extent to which the similarity goes, Bitcoin being able to be used as a medium to send and receive transactions, does not mean it functions as a bank nor that it can. There is a lot more to a traditional bank and the bitcoin network cannot effectively replace all that, meaning we would always have use for the banking sector, or up until an alternative emerges.

Quote
Of what use is it, having your money starched in traditional banks?
Fiat has so far proven to be a poor choice of a store of value as the value is prone to inflation and supply shocks, Bitcoin is a better option to store money you are not using as it is deflationary.
2265  Alternate cryptocurrencies / Altcoin Discussion / Re: I hope paper wallet gets a rebirth on: February 23, 2022, 08:11:25 PM
Paper wallets do not have to be created the traditional way, with a non custodian wallet software and an airgapped device, you can create a paper wallet which would be completely offline and back it up in a secure location or preferably multiple locations, with the private keys and/or seed phrase written on paper or any other durable material.

I'm not really sure if paper wallet is been use now because storage technology has improved since crypto currency become popular. In some circumstances it remains the best way to store you keys.
Self custody is still the best way to store your coins and a written seed phrase is one of the most common ways, so majority of people still use a paper wallet, although the MAJOR difference is that they generate the private keys online and transfer bitcoins out of it, exposing the public keys.
2266  Other / Meta / Re: What is the limit of Activity points every two weeks? on: February 23, 2022, 07:49:09 PM
But its simple you get 14 activities even if you post a single post in the 14 day time period but the activity on you account only increase according to your post count if the potential activity is higher than your post count.
This could confuse some members who are not very familiar with how activity points are counted in relation to posts.
You get 14 potential activity if you posts at least once within an activity period, not the full activity points. Also, activity points will only increase if you are actually active and posting and not simply cause your potential activity is higher than your post count
2267  Other / Beginners & Help / Re: why does the price of Bitcoin influence other coins on: February 22, 2022, 06:47:00 PM
You basically gave the answer in your thread, Bitcoin is sort of the backbone of the ccryptocurrency market;

Crypto functions as a correlated market and bitcoin being the first crypto coin and holding majority of the market cap of the entire network, means that the price actions of bitcoin influences the opinion of majority of traders and can affect if they are bullish or bearish, which reflects in them following the price actions of bitcoin.

N.B., This does not mean that every single coin follows the price actions of bitcoin and some can rise or fall when bitcoin does the reverse.
2268  Other / Beginners & Help / Re: Using of quotes BBcode on copy post is not hard as beginner on: February 22, 2022, 05:52:55 PM
I've noticed a pattern of reference that I believe is not standard procedure for making a reference to a post on Bitcointalk by beginners, they are unaware that they can easily be banned for not properly using quotes in their posts, even adding the source links at the bottom of every text you copy and paste here is not enough.
There are personally ideal ways to reference a source or to show that you do not take ownership of the text you posted. Simply including the source is not the best option, but it is enough to avoid getting banned, using quote tags or the actual quotation marks is also another way to avoid getting banned as it shows you are not claiming ownership of the text.

Ideally, using quotes and referencing the source is a generally accepted way to post contents of others.
2269  Economy / Service Discussion / Re: trusted recovery agent on: February 22, 2022, 01:43:03 PM
In addition to what Mbitr said, looking the domain name up on https://www.whois.com/whois/aramezglobal.com and it shows that the company is barely 6 months old and lots of information about the owners and its registration are not available, this raises more red flags and I would definitely not be revealing any information to that platform.
2270  Other / Off-topic / Re: Clipboard hacking on: February 21, 2022, 10:49:59 AM
Naturally, as blockchain transactions are irreversible, there is no way to retrieve your funds once they are sent.
There is no way to retrieve your funds once they are confirmed, not sent. Unconfirmed transactions can possibly be double spent.

However, since there is a possibility that your anti-malware software may not detect the program, the only way to be safe is to double- and triple-check addresses before you confirm any transaction.
This is a very important advice that crypto enthusiasts to take into account. It is not enough to glance over the first and last few words, but take out a minute to actually go through the entire characters and cross check them multiple times.
2271  Other / Archival / Re: Why you shouldn't invest in NFT tokens on: February 21, 2022, 10:43:51 AM
Just like we see with bitcoin, majority of investors are motivated by hype and would not be interested if there is no fomo or the price is not skyrocketing. When bitcoins price is within the low range and going sideways or down, many tease bitcoin investors for their poor decision, when the price starts bulling upwards, those same people would buy at the top or wish it were cheaper so they could buy more.

NFT is another of such hype trap, lots of attention and money flowing around in it and many people wishing to get a little of the billions in marketcap, exposing them to scams.
2272  Economy / Economics / Re: computer capable of breaking elliptical curve encryption algorithms on: February 21, 2022, 10:08:47 AM
Here is something to give you sleepless nights ... enjoy !  Grin
I am pretty sure I will be sleeping perfectly fine. "Anonymous" and "confirmed", do not go hand in hand, unverified sources cannot be taken as reliable means of spreading information. This seems like a poorly done way to spread FUD and possibly tank the prices of some cryptos.
2273  Bitcoin / Bitcoin Discussion / Re: A peculiar Response to the Ontario Superior Court of Justice on: February 20, 2022, 09:15:19 PM
Anyway, how do we even know this is a response to the court. All I see is an email to someone called Monique.
Exactly this. It could all be a publicity stunt to trend on social media and build traffic. I have seen businesses do far more for an increase in follower-ship.
However, whether or not this was their response to the court, it passes a bold message to the public that;
• Storing your funds on non custodian platforms are the best alternative to escape heavy handed policies, and
• The government have no control over a decentralized platform.
2274  Bitcoin / Bitcoin Discussion / Re: what gives Bitcoin it value? on: February 20, 2022, 01:16:38 PM
in my own understanding about what gives Bitcoin it value I think it because of it higher demand in the society
Demand and supply are the two major driving force behind the growth of every market, Bitcoin inclusive. A growth in demand against supply would lead to a growth in the price. As an example, consider 12 years ago, when the price of bitcoin was below a dollar, today, it is almost $40,000 and has reached a peak of almost $70,000. Same network (except for few improvement proposals updates), but a much larger market and demand.

However, a growth in demand and consequently price would need to be sustained by an actual utility otherwise it would eventually crash down, similar to the Tulip Mania of the dutch golden age.
2275  Other / Beginners & Help / Re: Number of Post in a Day and a Week. on: February 19, 2022, 03:15:14 AM
Is that real production code? Where can I find it?
Yes, it is.
It was posted by theymos some time back for members to use to calculate their cool down time;
What are the time limits on posting and the levels??
I know 360 seconds are for new people like me, but was wondering if there was break down somewhere on this.

Code:
waittime = 360;
if(activity >= 15)
        waittime = (int)(90 - activity);
if(activity >= 60)
        waittime=(int)(34.7586 - (0.0793103 * activity));
if(activity >= 100)
        waittime = max((int)(14-(activity/50)), 4);

2276  Other / Beginners & Help / Re: Number of Post in a Day and a Week. on: February 17, 2022, 10:24:06 PM
There is no total number of posts for a week or day. There is just a wait time between posts, sort of like a cool down time to stimulate users to read more then they post. Here is how it is calculated based on your activity;
Code:
waittime = 360;
if(activity >= 15)
        waittime = (int)(90 - activity);
if(activity >= 60)
        waittime=(int)(34.7586 - (0.0793103 * activity));
if(activity >= 100)
        waittime = max((int)(14-(activity/50)), 4);
The higher your activity, the shorter the time.
Note; other actions like searching and sending PM's count as a post. So if your used the search engine, you'll have to wait for a while before making a reply.
2277  Economy / Economics / Re: Nice job Justin! on: February 17, 2022, 10:18:01 PM
I wish people saw cryptos as an alternative to banks not only when something like measures against the anti-vaccination movement take place...
Seeing crypto as an alternative is one thing, but using it as a decentralized network is another.

A lot of people who are into crypto do not necessarily care about their privacy, anonymity, or freedom, they simply use it cause it's shiny digital money that can grow in value. This usually means that they go for the easiest way to store it, in a centralized exchange (custodian wallet), so if they ever lost their account, they could restore it, cause the platform offers a Fail-Safe. This still makes then vulnerable to government regulations as their crypto related accounts can also be identified and frozen as easily as their bank accounts can be.
2278  Economy / Exchanges / Re: Paper Bitcoin wallet "with" ATM? on: February 17, 2022, 05:53:58 PM
The idea is to create a paper Bitcoin wallet, put bitcoin into it at a Bitcoin ATM, and then redeem it for cash in the future at a second Bitcoin ATM, without using an online wallet that could potentially expose my personal information. Or something like that.
Is that possible?
How do you plan to "redeem" a Bitcoin wallet for cash? This would only be possible if you give the ATM providers access to the private keys, or they created it themselves (and you never owned it, similar to how centralized exchanges work). This doesn't sound like an outlet which an ATM provider would want to create.

To protect your privacy, you can run your own full node and transfer your funds over an airgapped device which never goes online.
2279  Alternate cryptocurrencies / Altcoin Discussion / Re: A painful loss on: February 17, 2022, 05:48:56 PM
Sorry for your loss, almost everything on the internet is a scam and you should treat it as such, that way you will be more cautious about how you invest. If you had looked up the site, you would see that it was registered less than a month ago, and lots of information are redacted, showing no transparency;
Code:
Expires On
2023-01-19
Registered On
2022-01-19
Updated On
2022-01-24
Source

You can also make a detailed thread in the Scam accusation board to warn more users using this link as a template
2280  Bitcoin / Bitcoin Discussion / Re: The most reliable coin to invest in is Bitcoin. on: February 16, 2022, 08:00:18 PM
It is the most invested currency in cryptocurrency. And although the price of this coin has decreased many times before, in a few days the price has reached the desired level again. So it can be said that the price of this coin will reach the desired price again.
Bitcoin has definitely spent more than a few days after dropping to rise back in the past, with prolonged bear markets lasting more than a year. So, if you plan to buy simply because the price of bitcoin rebounds after dips, then you definitely have to do more research as to the benefits of holding and using bitcoins to avoid panic selling if the price drops for an extended period of time.
Pages: « 1 ... 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 [114] 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 ... 291 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!