What’s this crypto thing about? There are many ways to make digital payments, from Apple Pay and Google Pay to Venmo. Mainstream payment schemes, however, rely on a third party — usually your bank — to verify that you actually own the assets you’re transferring. Cryptocurrencies use complex coding to supposedly do away with the need for these third parties.
Skeptics wonder why this is necessary and argue that crypto ends up being an awkward, expensive way to do things you could have done more easily in other ways, which is why cryptocurrencies still have few legal applications 13 years after Bitcoin was introduced. The response, in my experience, tends to take the form of incomprehensible word salad.
Bitcoin does not supposedly do away with the need for third parties, it actually does. All on chain transactions has been conducted without the need for banks or any other third party. This is necessary to give financial users freedom and create a purely peer-to-peer system. Bitcoin already has lots of legal practical applications. Legal goes with regulations and it has already been established that bitcoin functions without the need for a third party. So crypto has become a large asset class even though nobody can clearly explain what legitimate purpose it’s for. • Creating a decentralized network which offers privacy and pseudo anonymity, • a borderless network, • a fast and efficient means of transacting, • a network that gives full control to the user. And activities like Bitcoin mining, while environmentally destructive, are economically trivial compared with home-building, whose plunge played a large role in causing the Great Recession. It has already been proven that bitcoin is not environmentally destructive. Now, maybe those of us who still can’t see what cryptocurrencies are good for other than money laundering and tax evasion are just missing the picture. Exactly! But these investors should be people who are both well equipped to make that judgment and financially secure enough to bear the losses if it turns out that the skeptics are right.
Unfortunately, that’s not what is happening. And if you ask me, regulators have made the same mistake they made on subprime: They failed to protect the public against financial products nobody understood, and many vulnerable families may end up paying the price. Who determines who is well equipped, is that decided by a college degree? |
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You can not predict the price of bitcoin or any speculative market, that is the volatility. It is possible for bitcoin to be over $50,000 by march and also possible to fall below $40,000 within the same time frame. Nonetheless, experts may seem to predict the current situation and that bitcoin will likely experience a steep drop in the upcoming months.
"experts" is a word that is very often thrown around, but no one can master how the market moves and predict it with any form of accuracy, it is all just speculations. |
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From the past decade, bitcoin failed to add any value to the real world. It was supposed to be an alternative payments solution but it become an assets class for storing values.
Bitcoin functions as a peer-to-peer currency which basically makes it an alternate payment solution, and it is accepted by a number of merchants and also different platforms. But this was not the objective of bitcoin, it is a free, decentralized network you can use for different purposes. Its technology is old, slow, and expensive compared to many altcoins.
The technology of bitcoin is more secure than all other altcoins. transactions speed and amount are also adjustable. |
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nowadays people around me think that cryptocurrency is a scam, people no longer believe in bitcoin. the name of the cryptoqurrency is tarnished because of the binomo platform  Fiat has been used for scams over time, but it has not been associated with scam over the years. Anyone who does not believe in bitcoin as a result of a scam news (real or fake) never actually researched on it and needed a reason to validate that. The general public is much larger than the people around you and this would not tarnish the image of cryptocurrencies. |
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How these currencies will affect the bitcoin/crypto ecosystem?
The existence of fiat does not affect bitcoin or other cryptocurrencies. They both serve different markets and function differently, rebranding fiat using the blockchain would not do much to change this. Core bitcoin users would not flip bitcoin for digital fiat, non bitcoin users would not understand the need to apply the blockchain to fiat. |
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-Will you quit your job if in a month, you earn more from signature campaign than you do get from working 8am - 4pm?
I would not and would advice against it. This forum is by no means a stable way of earning an income, especially not through participating in signature campaigns; • It is an unreliable way to earn a living, • Depends on too many external factors, your account not getting hacked, the forum staying up etc. You cannot take your experience of working in Sig campaigns in search of another job, but you can do that in real life. -Is it okay to hinge your life on the earnings you get weekly from your signature campaigns?
-Has the existence of signature campaigns on this forum eliminated the need to work offline for other people?
Same answer -No -No. |
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its just standard market karate kid stuff.. markets go 'upp, down, up down, up down'
Exactly! The public constantly discuss how volatile bitcoin's price is and then act surprised when it actually fluctuates in value. Not every real world situation is actually related to the price of bitcoin, it is just the market doing what the market does. |
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Authoritarian governments would very certainly fight to maintain their use of money as a control device.
They do not really need to fight, authoritarian governments do not really care about the opinion of the public and can make any decision, no mater how extreme it is. Do you anticipate a future in which there is a large-scale battle between pro-and anti-Bitcoin nations?
I assume that by "battle" and "war", you mean disagreement or dispute. Countries would not go to actual war because of their opinions on bitcoin, that would not make any sense. A disagreement or dispute could happen depending on how bitcoin evolves over the years. At this present state of how bitcoin is perceived countries would not bat an eyelid, no matter what decision different nations make on it. |
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Is there a place to see how many posts have been deleted there in the last few hours?
Brings to mind, are there any stats for spam post deletions, frequency, etc?
You can use Modlog to monitor deleted posts/threads, nuked users etc. It doesn't directly give info on the board posts was deleted, you would have to research on it, using the available information. Some of the virus posts have accounts originating in 2017/2018, and I’ve seen at least one that had a lot of bounty history until the virus post.
Accounts can be woken up for such activities. Could mean they were sold off or the user forgot about then and just put them to use. |
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The video had a bit of humor, but beyond that the vast majority of it were baseless statements that would easily be debunked with the slightest research. "Everybody is familiar with money, but thanks to cryptocurrencies like Bitcoin, Dogecoin, Ethereum, Stellar, and Binance we can now exchange those boring green presidential napkins for sexy computer cash that’s easier to lose, far more volatile, slaughters the environment, and can’t be exchanged for the vast majority of goods and services! Honest!" There is also a lot of truth in it. Comment if you agree!  The truth there would be the part about presidential napkins and how the government wants to maintain strict control over how people use money, and also the volatility part. |
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I would assume that due to how members of the forum perceive 1xBit participants it could be possible that their spam posts would be more noticeable around the various boards and would lead them to be reported more often and have their posts more frequently deleted. Many of my posts and those of others from the 1xbit campaign have been erroneously removed for no reason at all. The real reason is that all posts from almost all people participating in the 1xbit signature campaign are deleted, while the content of the posts is fine.
Those deleted posts were not fine in quality and must have been deleted for good reason. If more posts from a certain campaign were deleted more often, that will be a sign that the participants are shitposting alot. |
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1) If you were to recommend a platform which one and why.
2) If I was to stake my 1 bit coin what would I get in return as a passive income.
3) Can you recommend a good youtube to watch for advice on investing
1) It depends on your preference. If you are not to privacy cautious, you can purchase on a reputable centralized exchange like coinbase or binance. Buying up to one BTC would trigger some KYC requirement and could lead to your details being sent to the authorities. You have an alternative to buy on peer-to-peer platforms like hodlhodl or bisq. They are more private than centralized exchanges, but have less liquidity. 2) You can stake it, but it is not worth the risk involved. |
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If Crypto derivatives is banned in UK, does that mean it's also illegal for traders to trade it in other exchanges that are located in other countries?
I do not think so. The Financial Conduct Authority (FCA) only has authority for operations within the region, and can only act on regulated platforms. Is there anyway for retail traders trade futures in UK?
You can, through unregulated exchanges. This however poses significantly more risks. DYOR. What happens to the profit you made if you found out about the ban little later.
You should still be able to sell. The ban prevents regulated exchanges from selling to retail investors. |
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Now I see where it's going, just read the contents carefully. I am going to agree with Lafu. They are trying to get Play2earn in the search engine. Anything in bitcointalk rank up fast in the search engine because of the domain rank.
I don't have expert experience on SEO marketing, but I believe the would have to do a whole lot of work inorder to get ranked up in search engines this way; • Make more of such posts around the forum, and, • Get lots of traffic to those posts and get more engagement. Simoly starting a thread and replying to it, is not enough to get higher ranks in search engines. |
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So now, any 1xbit spammer should be banned from using signature if the quality of their posts is just total trash and bullshit.
Ideally, any user who constantly posts trash on the forum should eventually be banned permanently after warning bans. I do not think there should be a special rule for participants of a signature campaign, up to a certain extent. There is a rule to users getting banned for spamming even though it is not being strictly followed. Has 1xBit reached the extent to attract special attention from the admins? I will say Yes. • It is an obvious scam site, • It is running a spam campaign on the forum. Any 1xbit participant is not allowed to post here, if they do then report it for deletion.
Such local rules cannot be enforced, IMO. |
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I may just start off with a $10.00 purchase if that is possible.  A $10 purchase is definitely possible, although with the fees on exchanges it might not be worth it to buy such amounts. Also, if you do decide to buy whatever amount of bitcoin, always move them out to a non custodian wallet after purchase to protect your assets and truly own them, since Not your keys; Not your coins. |
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- According to the DOJ on Tuesday, special agents obtained court-authorized search warrants to go through the couple's online accounts and were able to find files containing the private keys required to access a digital wallet containing 94,000 bitcoins representing about $3.6 billion in stolen funds.
It is somewhat ironic that they could attempt to launder such amounts, but could not figure out a safer way of storing private keys or recovery seeds, besides storing it online. The question that comes to mind is do you think the FBI will return it to its rightful owner?
This should be determined after the money have been successfully recovered, although I think if the scammed users are to be refunded, it would be done with the exchange rate at the time of the incident and not now.[/list] |
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Lesson - if Wikipedia hadn't written off bitcoin as a scam and went ahead to accept it as a form of donation since 2010, alot of people would have donated hundreds of thousands of bitcoins to them back then since bitcoin was almost worth less then, by now, they would have all retired as millionaires and billionaires. And today, they've added bitcoin back as a form of donation, but I will rather donate usd to them than donate my precious bitcoins(my digital gold).
Believing in bitcoin 12 years ago would gave taken a lot as most people were vary wary of scams and also accustomed to the general way of transacting and what is accepted as money. Bitcoin is quite technically complicated and with zero or no value then, there was no incentive for anyone to actually take out their time to study. Wikipedia and all those who wrote off bitcoin would wish they have not, but it is not too late to get in. It might be important to note that there were no hundreds of thousands of users back then and wiki would have likely sold off long before now. |
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I agree that this is a possible distant future. We dont need to put every single transaction in the blockchain.
There are lots of possible ways bitcoin could be utilized in the future for it to run efficiently, but it has to retain the main essence of the network which attracted the core bitcoiners. Hal Finney's prediction could very well work out, same with the other possibilities. |
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It is probable that in a few decades onchain transactions will be more expensive...
Thinking more about this, if we expect on chain transactions to replace mining reward, then would that not discourage a lot of people from actually transacting with bitcoin? Considering how much it would cost to mine, I would not want to fund that with my fee on buying a product online. I am confident that in the coming years the system would adjust for the inevitable situation where there would be no more bitcoins to be mined, maybe through second layer solutions as you suggested, but that could potentially present a problem as well. |
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