New members are unable the o properly vet a crypto project and will most times still fall victim even if they do proper research on it.
My advice to them will be to stick to Bitcoin, invest sparingly and increase your investments as I out gain more knowledge. At this point they can choose to expand to altcoins or not.

If a better system is created and it is proven to be superior to Bitcoin is security, decentralization, scalability and other factors, it will replace Bitcoin as the top cryprocurrency.

Bitcoin is at the top cause it is superior and not because of the sentiments of investors, so it will be an easy choice should something better come up. This will not make the inventor the second Satoshi and will not make the invention Bitcoin 2.0.
Bitcoin will still exist and be used

Finding someone in El Salvador is one thing, finding someone that can connect you to the supplier is another.

I'm with LoyceV on you using an exchange, that will be a more straightforward transaction than trying to o fund a local supplier based off the recommendation of a stranger.

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.

No, I do not.
I do not track any transaction at all.

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.

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

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.

The forum no longer accepts donations.

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.

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.

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.

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.

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.

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.

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.

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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.

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.

You're right
I meant to write that it doesn't affect the merit count, not activity count.

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.

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.

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

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.

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.

The latter does not benefit bitcoin at all.