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501  Other / Beginners & Help / Re: Sent Coin by mistake to wrong address and got them back:) on: October 30, 2023, 08:14:56 PM
Unfortunately there is no way to cancel or rivers are transaction in Bitcoin. That is one of the biggest issues with Bitcoin. You are lucky enough to get the money back. There are numerous occasion where people have mistakenly sent out Bitcoins and never receive them back.
Being irreversible is not an issue, it's a positive that Bitcoin has other forms of currency.

First point to note is for a transaction to be reversible, there has to be a central authority to oversee transactions and go through the details of each one to ensure people do not just reverse transactions after paying for something. This will mean Bitcoin is not decentralized and is not a unique, futuristic asset at all.

If transactions were reversible you will not be certain you own the bitcoins in your wallet.
What we have to do it take responsibility when making a transaction. Triple check the address in it's entirety and not just the first and last characters.
502  Bitcoin / Bitcoin Discussion / Re: How to value bitcoin and cryptocurrencies? on: October 30, 2023, 07:56:20 PM
the best method is to look at the most cost efficient method of acquiring an asset.
This has to be combined with utility that the product has. There cannot be a linear relationship between the value of a product and the cost to acquire the product. Gold is difficult to mine and has real world value, both factors has to be present. A product can have real world value but can be easily acquired anywhere in the world with no effort, and it can have no utility, but be very rare; in both situations the value of the product will be low.

Bitcoin has utility which creates the demand, it also has a limited supply which means the demand is constantly growing against it.
503  Other / Meta / Re: How Was This User Able to Buy 550 Merits At ones? on: October 30, 2023, 11:38:16 AM
<snip>
You're right
I meant to write that it doesn't affect the merit count, not activity count.
504  Bitcoin / Bitcoin Discussion / Re: A Simple Reason Why Bitcoin is not Money on: October 30, 2023, 08:51:08 AM
If an item can be used for a concrete purpose besides being exchanged on the market it has value. With fiat currencies, that purpose is - the return to the banks. Namely, the units of these currencies are created as claims of commercial banks based on approved loans to individuals and companies, and as claims of central banks based on the purchase of government bonds.
This doesn't make any sense to me. Banks created a system, governments legalized that system and now the citizens are forced to use that system. This system was at a time backed by gold which has real value, but that was ditched and now it has no intrinsic value.

Trying to draw a connection between collateral and value is a high reach. For there to be a transfer of value then every unit is backed by the other asset which is not the case in fiat. And with the concept of credit which makes it possible to spend money you don't have to pay in the future, there will be a huge deficit using your argument


I would not have bothered replying if I had jumped to the end and read the gibberish about pyramid scheme. This is a terrible attempt at trolling.
505  Other / Beginners & Help / Re: Bitcoin is magic internet money on: October 29, 2023, 07:16:36 PM
Bitcoin is based on people's belief that Bitcoin has value. I believe bitcoin was consciously built based on people's feelings.
Bitcoin is not based off people's belief, people believe in it cause it has intrinsic value.
It was also not designed based off "feelings", I have no idea what that even means.

When Bitcoin first started, no one was pushing it!... it was only then, when people started believing and believing in bitcoin, that bitcoin started to rise.
Just like any new innovation, there were early adopters who beleived in Bitcoin even when it did not have a market value and there are those that joined the train when it was getting speed, that's how inventions work
506  Other / Beginners & Help / Re: Samourai wallet question on: October 29, 2023, 05:01:09 PM
Also does this wallet support cold storage?
Cold storage is more of a feature of the user that the wallet itself. As long as it's a non custodian wallet, you can implement cold storage on it by keeping the wallet offline or on an airgapped device.
507  Bitcoin / Bitcoin Discussion / Re: What would happen if there was only one cryptocurrency, which is Bitcoin? on: October 29, 2023, 03:45:25 PM
How would the price of Bitcoin change if there were no other cryptocurrency than Bitcoin?
Would Bitcoin develop faster without a competition?
I dare say the price will not be affected by it at all. The investments going into altcoins will have it entirely gone to Bitcoin and a number of people discovered Bitcoin as a result of the relentless marketing by altcoin projects. I believe both factors balance themselves out very nicely.

Bitcoin does not have a competition and it's development is independent of external factors.

But, in my opinion, the price of Bitcoin is lower if it does not have a competition. Why? Because if there is no competition, the buyer's thinking is "should I buy this or not?" however if there is competition, the buyer's mind is "should I buy Bitcoin or these alts?"
The latter does not benefit bitcoin at all.
508  Economy / Economics / Re: War and property mortgage you still need to pay If war destroy your Property on: October 29, 2023, 03:28:55 PM
If you live in a high conflict area where you fear that your property may be destroyed at anytime, then you have a lot more problems to deal with than.whether or not to put your property in Bitcoin or not.

Your first priority should be safety and security.
509  Other / Meta / Re: How Was This User Able to Buy 550 Merits At ones? on: October 29, 2023, 08:40:10 AM
Op also mentioned Ajpa94 case on his post that's why i ask this. check the op post history his 193 post has been made in 2023 and his total post shows in ninjastic is 279 (279-193=86)  post has been deleted then how he can get 250 merit by airdrop without 250 post/activity? It looks like ninjastic couldn't properly track this account activities
Ninjastic space does not scrap way back to when the merit system was newly created.

The plausible situation here is the user had enough posts and activity to get the airdrpped merits and deleted their posts soon after that which does not affect their activity count.
510  Other / Meta / Re: Services board is very hard to browse on: October 29, 2023, 08:08:21 AM
I may have understood what OP tried to explain. Signature campaign are forum's own dedicated services/features to promote crypto projects. Aren't they?
Signature campaigns are not forum dedicated or related to the forum at all. More than half of them do not promote crypto projects and are gambling related.
Of course the projects have to have some appeal to the audience here, so the casino houses are mostly those that accept cryptocurrency, other popular services are mixers for crypto and Bitcoin wallets, but their are not forum related in any way, just regular services being advertised.

Anyone looking to hire or be hired should be able to read through 2-3 pages of threads, but maybe the services board should have a child board to advertise a service that one offers and the current one will be to hire people to work on a service, that can help declutter it a little bit.
511  Other / Meta / Re: How to write a Ban Appeal. on: October 28, 2023, 07:18:55 PM
For upto 2 years of my stay in this forum, I discovered that the reason most ban appeals are not granted is the format or content of the appeal.
This is very far from he truth. Ban appeals are not granted cause most bans are legitimate and the banned user actually broke the rules deliberately, sometimes they broke it multiple times and they are not net positive members to the forum.
However you construct the appeal and the support you get will not change the verdict.

If you are banned

Your ban message may have an email address which you can email. If not, then appeals are unlikely to be accepted.
If you are banned, this is the most ideal way to appeal it. A thread in meta can be made to support this and get the attention of mods quicker.
512  Economy / Reputation / Re: Advertised services and participants in a paid sig campaign on: October 28, 2023, 09:34:23 AM
Let me prefix by saying anyone can advertise what they want as long as it is not a scam.

Now to the point of the discussion, I don't think users should wear signatures of projects they do not agree with, they feel may be detrimental and will not use for themselves. The world is not utopian and people do things for money in the real world due to situation and circumstances, but this is an online forum and what you do here is well within your control.

There are also numerous campaigns available, granted majority of them are gambling related but there are definitely others.
You can simply apply for some other campaign.

There's another argument that endorsement can have different meaning. Advertising a site can be me telling you that it's not a scam website. I'm not encouraging you to gamble, but if you must this is a good website to do it on.
513  Other / Meta / Re: There Must be child Board With the Name of "Location" in local boards. on: October 28, 2023, 09:01:40 AM
A country is already a small enough group, breaking that off into specific locations will lead to less and less discussions and presents a privacy risk for the users.

The focus should be on getting your local board approved, then working out the most needed childboards to include in it.
514  Other / Beginners & Help / Re: I'm new guy in Crypto World on: October 28, 2023, 08:59:11 AM
Wow I must confess the rules here are very strict, I am new here.from the way I see things here I think it will take quite a long time to understand how this forum works.
Violating many of the rules will only get you a slap on the wrist and nothing more. For you to get more serious punishments you need to break one of three rules;
• Steal someone else's content and pass it off as yours,
• Excessively spam the forum despite repeated warnings,
• Share malwares.

The above rules are not broken in ignorance, so if you have no plan toncheat the system you will be fine here.

To understand how the forum works you have to interact more with it, join discussions and try out the available features. Visit the Help option for assistance.
515  Other / Meta / Re: Why my posts were deleted from a Reputation board thread? on: October 25, 2023, 04:40:27 AM
Edit: Well, the posts were merged without any moderator's note. I didn't notice that at first. Didn't they notice that the author removed several posts?
Time to lock this thread and move on since you're aware of what happened now.

It will also be nice if we stopped policing the moderators and assuming they take action cause a higher ranked or more "reputable member" requested for it.
516  Economy / Economics / Re: Nigerian naira hits record black market low of 1,100 per dollar on: October 24, 2023, 09:20:46 PM
I can remember exchanging a dollar at N110 in 2008, not to even talk of the N450 range.
I remember doing same around 2016/2017, less than a handful of years ago.
How much value has been lost shows nothing is being created by the economy, SMEs are everywhere but the majority of them end up falling.

Just imagine it. It's heartbreaking to even think that there were those who shamelessly campaigned and did all they could to enthrone this present administration with mouthed promises that the incoming president would put together eggheads who would man our economy.
Appointments by the president were made based on nepotism Ora's a reward to that helped him to climb on that seat.
517  Bitcoin / Bitcoin Discussion / Re: The PATRIOT Act comes to cryptocurrency on: October 24, 2023, 09:05:49 PM
Looks like the first couple of comments are now starting to show up:
Out of curiosity.
Will positive comments about the proposed regulation also be taken into account and what stops the government from sponsoring comments encouraging it inorder to counter any criticism that it gets?
518  Bitcoin / Bitcoin Discussion / Re: Maybe I should have taken this risk earlier. on: October 24, 2023, 06:10:38 PM
I didn't plan to do anything with the money I saved for my education but recently the price of bitcoin has increased by about 10 thousand dollars and seeing this increase I think that I should invest in bitcoin now instead of leaving the money in the bank for these four to five months.
Do not risk money you cannot afford to lose.

Bitcoin is a reliable investment, but expecting returns in four to five months is highly risky due to the volatility of the market. Investments are best done with spare money and a long term target, so you will not anxiously check the charts every few hours and be forced to sell at a loss.

Although I think it's a bit late for me to invest. Maybe I should have invested when Bitcoin was 26 thousand dollars then maybe I could have made a good profit at this point but there is no point in regretting what I didn't do Of course I will think about the present now. I think the price of bitcoin can cross 40 thousand dollars so investing in bitcoin now will not be a wrong decision for me at all.
It's not too late to invest, the price can go well beyond $40k but do not rush into an investment cause of movement in the market.

Do your research and take your time.
519  Bitcoin / Bitcoin Discussion / Re: The PATRIOT Act comes to cryptocurrency on: October 24, 2023, 05:59:48 AM
It doesn't really matter as long as they don't force miners to censor non-compliant transactions. They can't stop anyone from using privacy tools, doing p2p transactions, paying to services that don't comply, etc. If you are using Bitcoin the way the cypherpunks envisioned decentralized money, then Bitcoin fulfills its goal of being decentralized money.
• They CAN start a crackdown on privacy tools for whatever boogey reason,
• They can do the same to P2P platforms and any other service that doesn't comply for the same non existent reason.

If this is allowed the cost of privacy will keep growing until those seeking it are considered to be doing something illegal.

It's just that, due to the situation and opportunity, we still can't avoid submitting our KYC because we have something that needs to be released to an exchange that is under this regulation, or else we won't be able to release our money on their exchange site platform, right?
There are a couple of non KYC compliant options that you can use.
520  Economy / Scam Accusations / Re: [Warning]: Fake Emergency aid to Gaza website on: October 24, 2023, 05:46:28 AM
Using the ongoing genocide of Palestinians to rip people off has to be a new low.
This is not a new low at all. Scammers have always been doing things like this throughout all recorded cases of violence or crisis.
It makes it almost impossible to trust anything one sees on the internet, I certainly will not send money to any random website or handle without doing days worth of research and communication with those who are handling it.

Twitter has now become a place where in the name of free speech trolls are active and with the new blue tick policy, it is now easy for scammers to buy the tick and take scamming to the next level.
No one should trust a blue tick enough to be scammed by one.
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