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341  Other / Beginners & Help / Re: Anybody around here who is a frequent user of bitlet.net? on: February 03, 2024, 07:50:20 PM
I opened the account because I received a bonus code for an amount of BTC. I talked to their support. I'm not into bitcoin and I'd love to find out about someone using the platform without issues.
As has already been said, this is a scam attempt and you should not send any bitcoins as a deposit or you'll lose them.

You can also consider any email address you've linked to the website compromised, if you have other accounts which you used a similar email and password for, you should consider changing them as soon as you can.

If an offer is to good to be true then it's not true. I'll assume your profile name is the amount they promised on their website as your bonus, you shouldn't imagine any website will give you such an amount for free.
342  Bitcoin / Bitcoin Discussion / Re: why a large Bitcoin transaction does consume more space on the Blockchain on: February 01, 2024, 05:47:32 PM
<snip>
Here is a thread I made a couple of year back that tries to simplify the concept of transaction fees and how inputs influence the amount of fees paid - https://bitcointalk.org/index.php?topic=5251213.msg54504855#msg54504855.
343  Other / Beginners & Help / Re: Please I don't know if anyone can help me out of this on: February 01, 2024, 05:23:37 PM
I have heard about dust attack before, and how it being use to track what  goes in and out of that wallet, but I don't know what I really should do next about it?
Firstly, switch from trust wallet, you should not be using a closed source software to store your bitcoins.

When you've imported your seedphrase to a non custodia wallet like electrum. Use coin control to freeze those dust inputs, you'll not be able to spend them in future transactions. If you don't spend them, it doesn't get mixed with your other bitcoins (future) and the can't link up your UTXOs.
344  Other / Beginners & Help / Re: Reason for acquiring bitcoins. on: February 01, 2024, 05:16:01 PM
Bitcoin gives you freedom, so the choice of what to do with your satoshis is up to you.

• You can use it as an investment, it has proven to have lots of potential ROI.
• There are stores that accept Bitcoin, giving you the option to use it as a currency in exchange for goods and services,
• You can use it as a hedge fund against rising inflation,
• You can use it as a method of storing digital information on the blockchain.

It is majorly used now as an investment.100 years from now that utility would have changed as it evolves to changing times and new possibilities would have been explored.

are we going to continue till the 21 million Bitcoins have be mined, already 19 millions have been mined remaining 2 million
I don't think we last that long.
345  Other / Beginners & Help / Re: What have you learnt from this forum that has actually saved/ you in real life. on: February 01, 2024, 05:08:02 PM
It is impossible to outline all of the important things I've learnt that have real world applications and have potentially saved me from losses or hacks.
The answer many would give is on security; how the learnt to safely store their bitcoins, how they can apply plausible deniability in cases of a $5 wrench attack, also how to avoid a bad investment by choosing what to put your money into and what not to.
346  Bitcoin / Bitcoin Discussion / Re: At a range of 2years, can a Bitcoin literate invest with a borrowed fund in BTC? on: January 31, 2024, 10:44:58 PM
I have seen lot of traders and investors who made it prosperously and amiably in their ventures of chasing profits with borrowed funds.
It is is a norm fact that "No Risk and No Rewards"
Bad choices have worked out for some, at some point in time, but they're still bad choices and should not be encouraged.
No risk; No rewards, follows the argument that without investing, which is a risk in itself, you cannot profit from price growths it doesn't mean one should throw caution to the wind.

Now, I have a friend who is educated about Bitcoin digital currency but doesn't have the capital to invest on it. Meanwhile... He is considering to take loan from his relative to pay back within the range of 2years.
There are no guarantees in any investment. Bitcoin expectedly should be at least 100% higher than what it is now and I'll be willing to risk spare money I got on it, I would not advise others to do so, much less borrow funds to invest.
347  Other / Beginners & Help / Re: Always Make use of notepad app before posting on: January 30, 2024, 09:33:17 PM

Quoting the image so you don't have to click on the link.

No, you don't need a notepad to edit your posts before posting them. Notepads does not contain any of the forum tags, neither does it allow you to quote messages of others or include quotes while you're still making your reply.

Some notepads are also tracking tools which collects information about you, so you should limit your usage.
348  Bitcoin / Bitcoin Discussion / Re: Less than 80 days until the 4th Ever #Bitcoin Halving on: January 30, 2024, 09:24:54 PM
Honestly it looks as if within two more Halvings Bitcoin will only rise by a little bit percentage wise.  Price wise it will continue to look crazy, but this is why it is important to become an investor NOW. 
Over the next two halvings we would be at ~21 million bitcoins which is over 99% of the total supply. When you go that high in the total supply cap the remaining halvings start to have less effect on the price, resulting in lesser increase by percentage compared with what we had couple of years ago.

I really hope we will see millions of Dollars per Bitcoin.  But I doubt it happens soon.
A million dollar is a long way off from where we are now but it is certainly possible couple of decades down the road.
How much of that would be down to devaluation of fiat however?
349  Bitcoin / Bitcoin Discussion / Re: The Relationship Between Cryptocurrency and Traditional Banking on: January 30, 2024, 09:02:15 PM
Traditional Banks and Bitcoin share no relationship.
One is centralized and another is decentralized.
One operates on controlled and finite supply, another can be printed at will.

Banks can hold Bitcoin just as the would any valuable asset like gold, but this does not mean that both have anything in common.

I'm talking about Bitcoin specifically cause most other altcoins are not centralized and more importantly would not interest the banks when they can simply get their own by creating a CBDC.
350  Other / Beginners & Help / Re: As a crypto investor, the less app you install the better. on: January 30, 2024, 07:22:49 PM
Who told you that they don't have to worry about what they download? What about trying to update the hardware wallet? Most hardware wallets still update only by connecting them to a PC and using a USB cable, are you saying that this is not a risk of using a hardware wallet?
Updating your wallets frequently on an airgapped device is not necessary, unless there is a serious security flaw, you can use the older versions for along time. Furthermore the risks in getting a updated version is nothing compared to having your wallet on your regular device.

What about those Ledger users that got scammed by fake Ledger apps on third-party stores? People still fall victims to this isn't it?
Ledger is not an open source wallet, I recommended you use that for more security.
Getting scammed by fake stores is a whole 'nother discussion which is unrelated to my initial comment.
351  Other / Meta / Re: Should bitcointalk ban promotion of other forums? on: January 29, 2024, 04:56:47 PM
Bitcointalk is not in competition with any other crypto related forum, so it's perfectly fine to discuss other forums.

The one time the admin banned a forum from being advertised here was one some yes back that was paying members to spam posts here on the forum. I can't remember the name now, but the spams we're getting out of hand and needed to be regulated.
352  Other / Meta / Re: Suggestion payment for those new member on evil IP. on: January 29, 2024, 04:47:45 PM
Unless something has changed, LoyceV is one of them. Others include SFR10, Welsh, hugeblack, Upgrade00, and maybe some others.
That's correct. AFAIK, all mods can also whitelist users, but they do not have a puvlucly available email where proxybanned members can reach out to them to request a whitelist.
Welsh is a mod so should always have had the ability to whitelist since they were appointed.
353  Other / Beginners & Help / Re: As a crypto investor, the less app you install the better. on: January 29, 2024, 02:54:52 PM
<snip>
I didn't say a hardware wallet is the solution to all problems, there's isn't a singular security advice that offers 100% security neither is there a best advice, rather we have an application of several precautions and security tips which we are constantly learning and improving.

Combining a hardware wallet and a airgapped device deters majority of online threats like clipboard malwares or seed stealers.
354  Other / Beginners & Help / Re: As a crypto investor, the less app you install the better. on: January 29, 2024, 11:08:28 AM
As a crypto investor, you should invest in a good open source hardware wallet or keep your coins on an airgapped device. This way you don't have to worry about what you download on your mobile or desktop cause it's not linked to your holdings.

If you have to use a regular mobile device, you have to take necessary precautionary measures.
• Don't use third party keyboards,
• Don't use closed source wallets like trustwallet,
• Don't store passwords or seed phrases on the device,
• Don't click on unsolicited links.
355  Other / Meta / Re: Suggestion payment for those new member on evil IP. on: January 29, 2024, 10:58:26 AM
@upgrade00, even with on the bitcoin payment available, many newbies will see it as a scam. Imagine where you haven't been before and you are asked to pay to atone an evil you did not commit.
Certainly. I'm certain most of the members who stumble on the forum without any guidance from an already registered member will abandon it once they see a big red banner telling them they have been banned and need to pay a token to get unbanned, no matter how small that token is.

I thought that theymos has given LoyceV, Upgrade, hugeblack and others the authority to whitelist people and has included same in the welcome message. OP could have toed that lane.
Most of the members who use that option are ban evaders (this of course is down to personal perception),  so we still are not getting through to target audience.

I do not know if there are alternative solutions, but according to what is available now, we will try to help as much as possible.
Discontinuing the evil fee penalty all together is a solution. It is long overdue and has not had the desired effects to prevents account farming and ban evasions.
356  Bitcoin / Bitcoin Discussion / Re: Why Do People Steal Hundreds of Millions in BTC And Still Get Caught? on: January 28, 2024, 09:40:45 PM
A huge percentage of those who scam get away with it. Very few cases gets global attention which attracts lots of chai analysis and tracking of the path of the funds.

There exists some safe havens where those whk want to live privately using Bitcoin without being tracked or forced to give up their privacy, this fortunately does not provide security for scammers.
357  Other / Beginners & Help / Re: Adults of bitcointalk what are your candid advice to newbies in the forum? on: January 28, 2024, 09:10:50 PM
I came up with this topic to pull up some insights or secret advice to guide newbies that are still having some difficulty in the forum so that they can easily flow through the process responsibly.
There's no secret advise to navigate the forum. Just keep to the rules, find a niche that interests you, build knowledge on that and join conversations here.
Doing more of reading means you do more of learning and can apply that to your practical Bitcoin journey.

There are twists and turns that newbies may encounter either in their investment journey or otherwise, and your little insight could be the compass to scale through them successfully.
Use the search option. The forum has tons of information on every topic you are interested in.
358  Economy / Service Discussion / Re: drak forum on github, is there something? on: January 28, 2024, 06:33:38 PM
why is it indexed on google and why would someone make a dark market on google?
Being indexed on Google does not mean a website is safe and there are so many reasons why someone would put a malicious website on Google.

Include your links in code tags when you're not certain of its authenticity.
359  Bitcoin / Bitcoin Discussion / Re: Bitcoin Lightning Network Tutorial on: January 28, 2024, 06:25:11 PM
The barrier is you have to open your Lightning Network channel, with an on chain transaction, before you can use LN as an off-chain solution for your bitcoin transactions.
If fees are on the low side and you plan to use the channel for an extended period of time, opening the channel would not be a barrier at all . What complicates it is when users expect they can use LN to perform a single transaction and pay cheaper fees.
360  Other / Beginners & Help / Re: Honeypot websites are dangerous for our privacy - BEWARE on: January 27, 2024, 05:25:07 PM
The examples you highlighted are instances of when it is used in relation to cryptocurrency, but the possibilities extend far beyond this, making simple searches for gyms around you or a shipping order can pick up very relevant and accurate information about you.

Social media is a good tool for this, which has been used for a very long time now, and as long as the companies can lobby their way out of any legal issues they would not face any problem at all

With crypto using open sourced tools would go a long way to protect you from websites that track different levels of information.
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