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1  Bitcoin / Development & Technical Discussion / Wordpress Crypto Payment Plugin? on: September 29, 2021, 11:27:41 AM
Hello everyone,


Can someone please let me know which wordpress plugin is the best for accepting cryptocurrency payments on a wordpress website? The plugin should tick these criteria

1) Let me hold my own private keys (be trustworthy)

2) Be hierarchical deterministic (HD) so that all addresses generated are different. (no clash)

3) Offer a different crypto payment options (mainly BTC / LTC / ETH / BCH)



Thanks
2  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin spinoffs devalue Bitcoin over the long term? on: July 10, 2021, 10:05:54 AM
After Bitcoin Cash split from the main Bitcoin blockchain, a plethora of other cryptocurrencies followed suit. First came Bitcoin Cash, then came Bitcoin Diamond, Bitcoin Gold, Bitcoin SV, and so on. Each fork is basically the same Bitcoin with an identical supply (21 million coins) and genesis block. What makes them different is their approach to scalability. Every Bitcoin fork that is created, essentially multiplies Bitcoin's total supply two or three times its size. This is sort of a double spend (although not in a direct manner). Imagine if we had 10 Bitcoin spinoffs, that means the supply will increase to 210,000! I'd bet if the Bitcoin Cash hard fork didn't happen, we'd still have only one Bitcoin (BTC) with a price higher than today. I'm still wrapping my head around this so please correct me if I'm wrong.

Do you think Bitcoin-based forks (spinoffs) will devalue the original Bitcoin (BTC) over the long term? If not, why? Don't we have too many forks already? Your input will be greatly appreciated. Thanks. Smiley

Yes initially, fork coins will take some market value from bitcoin. The amount of market share will depend on how much hype the coin has. But after a while the market share will consolidate back into bitcoin. To further understand this phenomenon look in to bitcoin dominance and how it oscillates cyclically against altcoins including forks.
3  Bitcoin / Bitcoin Discussion / Re: why more women to trade crypto? on: July 08, 2021, 07:11:47 AM
Robinhood COO: We have enabled more women to trade crypto.
Gretchen Howard described crypto investments "stereotyped as a male-dominated space,Ē but she has seen significant growth for women during her two years at Robinhood.
https://cointelegraph.com/news/robinhood-coo-we-have-enabled-more-women-to-trade-crypto


Inclusion is important but I really think men are usually way more interested in finance and tech in comparison to women. With all due respect, women are naturally more into fashion and other industries. With that being said, if more women want to get involved in trading/tech they should be allowed to get involved without any stereotyping.
4  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it worth buying other cryptocurrencies other than bitcoin? on: July 08, 2021, 07:08:46 AM
I heard about Bitcoin and ethereum around the same time. Bitcoin was I believe around $15k and ETH was below $200. I couldn't afford to buy 1btc so I didn't buy any and I didn't buy ethereum because I believed Bitcoin was the only genuine crypto currency to buy. But since my discovery of this forum I have found members who believe different. Looking back I see I have lost on both fronts and wasted an opportunity. So my question is this which is more important factor to consider before buying a coin, do you buy because of the technology of the project and what it has to offer, the utility of the token or the news?

Diversification works in crypto during a bull market because altcoins pump harder than bitcoin, but in a bear market you are better off just loading up on BTC because for the same reasons altcoins drop harder than bitcoin. So before you decide to buy other coins, you have to research if we are currently in a bull or bear market.
5  Bitcoin / Bitcoin Discussion / Re: Bitcoin caused the mass production of altcoins and air coins on: July 08, 2021, 07:06:50 AM
As Bitcoin is gradually becoming known to the public, this financial and economic feast brought by technology geeks.
Bitcoin is like honey, attracting countless butterflies (altcoins, air coins), countless new projects appearing, ICO.IDO.
It feels more like a comet hitting the earth, leaving big pits. It seems that there are countless treasures waiting to be mined.
The greed of human nature, the inducement of big brothers, the participation of whales, all kinds of good news are flying all over the sky, but the result is just a place of chicken feathers.
Perhaps the sharp drop of Bitcoin and endless washings can calm more people down.
How do you think about this issue?

I have never heard altcoins be called air coins. That's a good one. But to the point, price crashes or a prolonged sideway price movement usually makes it unattractive for scammers to operate because there simply aren't enough participants in the market to victimize with "air coins". So in a way flat markets are good for the reason of washing out scammers.
6  Bitcoin / Bitcoin Discussion / Re: Who to Trust, Fiat Banks or BTC? on: July 06, 2021, 11:49:54 AM
In my opinion you can trust both. Banks have their benefits and bitcoin has its benefits. Both are simply tools, use them accordingly.
7  Bitcoin / Bitcoin Discussion / Re: What do you think will happen to Bitcoin in 100 years? on: July 06, 2021, 11:45:14 AM
I think bitcoin will be around in a 100 years. Gold has been around for thousands of years and fiat money has been around for nearly a century. Bitcoin will be here as long as it survives regulations or any unforeseen technical issues.
8  Alternate cryptocurrencies / Altcoin Discussion / Re: Will Altcoins replace Bitcoin?!?!? on: July 05, 2021, 06:51:13 AM
I personally can see a world where bitcoin's marketcap and activity is eclipsed by a future altcoin. Ethereum is getting very close. But in regards to "replacing" bitcoin, nothing will replace bitcoin. Bitcoin will always be the first cryptocurrency, it is the most decentralized coin and it is literally the underpinning of the entire crypto economy. Nearly all coins are quoted against BTC. This won't change in the same way the USD isn't going to be usurped by the yuan for an example.
9  Bitcoin / Bitcoin Discussion / Re: Bitcoin is the only thing that humans cannot control on: July 05, 2021, 06:45:06 AM
In my opinion, Bitcoin is the only thing that beyond human control. On the surface, Bitcoin is a decentralized, trust-free, and non-proof value. Bitcoin also has split and transfer functions. But at the most essential level, Bitcoin is the first thing independent of human civilization and beyond human control. Bitcoin is an advanced civilization system independent of the existing human civilization system.

The reason why humans cannot control Bitcoin is determined by the Bitcoin technology itself. Bitcoin's quadratic elliptic curve encryption, and the mining packaging with verification system established in human society, has formed an immune system against humans. Humansí existing science and technology cannot crack the private key, nor can they successfully attack the entire package verification system. Humans cannot influence the work of the Bitcoin system.

Since the birth of human civilization, nothing has been out of human control. Human beings can transform and destroy nature unscrupulously. All kinds of human science and technology can make human civilization progress continuously and even explore the universe. This is the human civilization built with human as the main body.

But in Bitcoin, humanity has lost their power.

After Satoshi Nakamoto created Bitcoin, Bitcoin has become a new civilization. It exists temporarily dependent on human civilization, but it will not be affected by human civilization. The birth of Bitcoin announced the birth of machine civilization and silicon-based civilization.

As long as human beings still have the greedy and selfish nature, there will be people who continue to build mines and nodes for Bitcoin to get profile. These actions convert the energy in human nature into electricity and then into hash rate to support the continuous development of Bitcoin.

The criterion for measuring whether a system belongs to human civilization is whether human can control it. Everything around us is formed by human consensus, which can be controlled or changed by humans. Only human nature, which bitcoin based on, is something that humans cannot get rid of, so humans cannot control Bitcoin. Bitcoin has become an independent advanced civilization system.

Bitcoin's protocol definition is very simple. It uses the principle of irreversible entropy increase to keep humans out of the door to control it. No individual human being can crack the private key of Bitcoin and obtain Bitcoin, not even the entire human race.

The Bitcoin ledger can still exist after net split, and even if there is a world war between humans, the Bitcoin ledger will still exist. Even if all the Bitcoin mining machines are destroyed and most humans go extinct, the Bitcoin ledger will still exist as long as there are two earthlings with two USB flash drives.

As long as the Bitcoin ledger still exists, the ledger will be copied whenever there is a chance. It is easy to rebuild the power grid and restart the Internet, and Bitcoin will be able to resume work soon.

This is another advancement that human has made since stone civilization, mechanical civilization, electric power civilization, and Internet civilization. From being restrained by nature, human is in the era of using and transforming nature. Human will enter an age which limited by what they invented.

Some people may say that humans can control the price of Bitcoin and make profits by letting the price of Bitcoin fluctuate. But the source of Bitcoin's price is not Bitcoin itself. In the Bitcoin system, there is no code for the price of Bitcoin. The price of Bitcoin is an exchange rate between Bitcoin and legal currency introduced by humans to facilitate their own economic behavior.

When the legal currency in human society disappears completely, Bitcoin can still anchor human civilization by itself.

What do you think about this?


I would argue humans can control bitcoin more than they can control the forces of nature.  With that being said, bitcoin is not totally control/centralization-proof. Regulators, miners, even a large entity investor can potentially "control" certain aspects of bitcoin. Be it the price, transactions (miners selecting particular transaction inclusion), etc.
10  Alternate cryptocurrencies / Altcoin Discussion / Re: Binance Deploys New AML Solution Amid Regulatory Pressure on: July 05, 2021, 06:39:51 AM
This was bound to happen sooner than later. Binance has recently been under huge regulatory pressure across the globe. From the UK all the way Thailand. The regulators want Binance's blood. For this reason I personally wouldn't leave substantial amount of coins on Binance.
11  Bitcoin / Bitcoin Discussion / Re: I think Bitcoin is great as an asset and not as a Currency. on: July 05, 2021, 06:34:29 AM
Quote
I read somewhere they are planning to buy 20-30% of the Bitcoinís market supply

Even if this was to be true, I don't think I would be comfortable with one entity holding this much of the overall BTC supply.
12  Bitcoin / Project Development / Re: Blocks of Crypto -- a Minecraft-Crypto Concept on: July 04, 2021, 01:51:03 PM
Few concern/problem,
1. Bitcoin isn't practical for micro-transaction, decent percentage of BTC could loss to withdraw fee (even if it's 1 sat/vbyte).
2. Moderating the community who have financial motivation rather than having fun (for example, compare this forum with other forum which discuss video game/movie).

More importantly, one major challenge is finding an income source to fund the money that the server will be giving away.

How about in-game advertising?


Wouldn't a solution that uses LN fix issue 1?
13  Economy / Service Discussion / Re: Is there a one stop crypto news source? on: July 04, 2021, 01:49:08 PM
I personally like using cryptopanic.com. Its a news aggregator and lists all the latest news from all the crypto news websites.
14  Economy / Trading Discussion / Re: What should we do in the sideways market of Bitcoin? on: July 04, 2021, 12:54:45 PM
Most of the market's revenue is completed in a short period of time. Most of the time it is horizontal. The sideways market is actually the best time to stock up. Normally, at the end of a sideways market, you will always feel that the window period is too short. Short positions are very dangerous because they are really easy to miss. Be able to hold Bitcoin firmly, trade on the left, do not bet on trends, and do not choose timing. Hold the currency firmly.

Unless you are an experienced trader, I would advise you avoid trading in a sideways market. The market chop is ruthless when the market is undecided.
15  Bitcoin / Bitcoin Discussion / Re: Is there any miner who have not sold any bitcoin from the beginning? on: July 02, 2021, 10:46:10 AM
Mining has become a business and itís growing. It has daily expenses and for that miners need to sell their BTC to cover up electricity bill and other cost if exists. But is there any known miner who has not sold their BTC for a single time who is mining for a long time now? We know there are addresses which havenít moved their BTC for a long time. Is any miner included in the list?

Satoshi and possibly a few other early miners are still sitting on their 50BTC block rewards. I'm sure a quick scan on the blockchain will reveal idle coins from that era.
16  Bitcoin / Bitcoin Discussion / Re: Gov must have power to reverse transactions, says co-chair of blockchain caucus on: July 02, 2021, 10:44:17 AM
It fascinates how desperately some humans want to control other humans. Crypto and blockchain technology is sticking it to these power hungry people, lets hope more tech emerges that completely levels the playing field.
17  Bitcoin / Bitcoin Discussion / Re: The recent house hearing concerning bitcoin and cryptocurrencies on: July 01, 2021, 05:48:18 PM
Link: https://www.youtube.com/watch?v=WG3N_QcHEcs

We're once again remembered how technologically incompetent the committee is, and that Brad Sherman is a worm.

Ben Sherman is an obvious attention seeker. On the other hand Coin Centre's Peter Van Valkenburgh is an absolute legend.
18  Economy / Speculation / Re: How come BTC is still so cheap? on: July 01, 2021, 05:45:46 PM
This is the only thing I don't understand right now. It is extremely cheap. The potential is huge, El Salvador goes all in BTC and people still don't have the eyes to see it. More countries will soon join in, people will regret it later for not buying but it's their choice. It's still so cheap and this is not normal!

I don't understand how you can say $35K per coin is "cheap". For an asset that is just over a decade old and that entirely exists electronically, $35K is an amazing price. Now, I'm not saying bitcoin cant go much higher but to describe $35,000 as "cheap" is plain wrong.
19  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Are the bulls back? on: July 01, 2021, 08:31:28 AM
What the heck is happening  Shocked? The market looks to greenish today im currently seeing some big green candles on BTC and other coins charts, are the bulls back or what?


We just had the worst Q2 in 8 years. Down 40%. I think the bulls will be back for the next 6 months. Q3 and Q4 will be bullish.
20  Alternate cryptocurrencies / Altcoin Discussion / Re: What happen if US ban cryptocurrencies? on: July 01, 2021, 07:30:26 AM
Do you guys think one day USA may ban cryptocurrencies? If yes what would happen? I think it's not totally impossible and that would be a global crash on prices.

If the US was the "ban" cryptocurrencies then it is very likely that would be the end of crypto or the beginning of the end at the very least. The US is the largest economy in the world and by far the most influential country. If they ban crypto then it is likely the whole world will ban it as more and more countries follow the US. I know there are lot of people on here who say "Bitcoin doesn't need the US" or something similar. But sometimes you have to be realistic. If the US banned bitcoin it would be catastrophic.
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