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521  Bitcoin / Bitcoin Discussion / Re: Bitcoin Whales moved $230 Million to New Address on: November 02, 2023, 07:22:53 AM
Seeing this thread just after reading this one; Are you tracking bulk Bitcoin transactions being sent by Whales.

And I maintain the reply I wrote there. Transactions are meant to be private and whale transactions shouldn't be an exception. Tracking this sort of transactions does not have an impact on Bitcoin or the market.
522  Bitcoin / Bitcoin Discussion / Re: Do you track bulk Bitcoin transactions being carried out by whales? on: November 02, 2023, 07:14:26 AM
Do you track bulk Bitcoin transactions being carried out by whales?
No, I do not.
I do not track any transaction at all.

Do you feel it has good impact on Bitcoin  prices and a regular trader can benefit from this data.
No. The only impact it has is on social media where they are posted with the intention of stoking interest from the readers and getting reposts to attract more audience. In truth the purpose of the transaction is unknown and that uncertainty will not change the sentiment of traders.

Even if it does have an effect, it will be small and short lasting.
523  Other / Meta / Re: Image ban or tagging, is it possible? on: November 02, 2023, 05:14:57 AM
No, you won't get banned for plagiarized images.

It is very difficult to determine the original source of an image and anyone posting an image usually do not pass it off as their own except they created it.
It's too much stress for the mods to engage i
524  Other / Meta / Re: How do I change my display name? on: November 02, 2023, 04:23:34 AM
The most common reason that gets approved for a display name changebus a security risk. So if you have info of your real name or email or any other information that can undermine your security, the admin will give attention to your request.

or are going to pay a donation of 50btc.
The forum no longer accepts donations.
525  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin help? on: November 01, 2023, 06:04:45 PM
I know many will think investment in Bitcoin is reserved exclusively for the rich or those who are comfortable; the lower class can actually buy as little as $10 per week. Majority of these immigrants are farmers that the quest for greener pastures pushed into these journeys.
In many developing nations, $10 per week summing up to $40 per month is above the minimum wage, not something that an average Joe makes in a month, and definitely what they can spare in a week.

Bitcoin cannot fix poverty and is not a get rich quick scheme. If you're a potential immigrant your focus should be on trying to improve your financial status through multiple income sources and grow up from there.
526  Other / Archival / Re: Bitcoinica Theft with unusual transaction to Theymos. on: October 31, 2023, 08:46:03 PM
If you want people to play a random video you will need to include more context that what you have written here.
Add some of your oerso Al opinion on the video and a snippet of what people should expect when they play it.

This is not limited to when posting videos, but any external content like articles, social media posts etc.
527  Other / Beginners & Help / Re: Cryptocurrency Basics for Beginners on: October 31, 2023, 08:37:26 PM
My question is, why did you make the thread self-moderated? Is there any reason for that? Because I don’t see any use in you making the thread self-moderated, it’s useless to me.
The major reason I see why users create self moderated threads is to moderate spam on the thread, this comes behind setting house rules like limiting certain users from commenting.
528  Economy / Economics / Re: Isn't Fiat the Real Ponzi on: October 30, 2023, 09:57:41 PM
Inflation does not make something a Ponzi scheme. Bitcoin is wrongly labeled a Ponzi or a pyramid scheme a lot of the times, I will not want to throw the same assertions at fiat when that is inaccurate.

Fiat is a system that was created to solve the problem of exchanging value but has progressively gotten worse over the past 50 or so years. The system is greatly broken now and is just being held together by government backing.
529  Economy / Economics / Re: Us-Based Crypto Exchange Kraken to release significant data to IRS on: October 30, 2023, 08:56:56 PM
According the article, increased compliance from cryptocurrency firms could compel government to enact clear and friendly policies towards crypto. Do you agree to this?
Crap!!

Increased compliance will spur the government to tighten the ring around privacy and anonymity and demand that everyone make their crypto transaction information available to them in real time and anyone who seeks to stay off the grid will have to do that at an increased cost as they clamp down on all privacy related services.

Everyone should consider that centralized exchanges will in the end reveal your info to the government and that's just one of the risk using centralized exchanges poses, it also exposes your information to be stolen and you're dependent on their security network, not something you want to do with a decentralized asset.
You also don't own the keys.
530  Other / Beginners & Help / Re: Giveaway Scam On the Rise on: October 30, 2023, 08:26:26 PM
Technology is advancing so fast we barely have time to catch our breaths. Deep fakes can be made to look a real that it is almost impossible to tell the difference, meaning we can see the most realistic videos and pictures being used by scammers posing as other people and majority of the population will not be able to tell the difference.

More than ever the best approach is to consider everything to be a scam until proven otherwise. This way you are skeptical of everything you see and are looking to doubt as the first approach. Scam attempts are already considered scams and it will take a whole lot to convince you otherwise.
531  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.
532  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.
533  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.
534  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.
535  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
536  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.
537  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.
538  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.
539  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.
540  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.
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