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March 27, 2023, 12:13:10 AM *
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1  Economy / Economics / Re: What's is daily budgets or expenses as a bitcoiner? on: March 26, 2023, 06:58:22 PM
I think we all can agree that budgeting and expense tracking is important, regardless of our income or social class. Tracking our expenses helps us ensure we are not overspending and enables us to make informed financial decisions.

I spend about $40 a day on average. That includes my daily commute, meals, and other miscellaneous expenses. I use a budgeting app to track my expenses, and I try to stick to a daily spending limit. It is not always easy, but it helps me to avoid overspending.
2  Bitcoin / Bitcoin Discussion / Re: Is storing bitcoin is more secure in iPhone than in an Andriod phone on: March 26, 2023, 08:46:59 AM
What's the point to compare iOS and Android, when you already know the best one to use?

I don't know which one is the best to use and therefore i have raised a question here  Smiley

Both iPhone and Android phones can be safe enough for storing Bitcoin, but it is important to choose a reputable brand and model with up-to-date security features. Also, you should make sure to use a reputable wallet app and follow best practices for securing your private keys. Therefore, comparing the security of these devices beyond this point is irrelevant, as any security vulnerabilities would likely be the result of bad software or user error rather than inherent weaknesses in the device itself.

But, to ensure the highest level of security for storing your Bitcoin, it is recommended to use a hardware wallet instead.
3  Bitcoin / Bitcoin Discussion / Re: Why was BITCOIN invented? on: March 26, 2023, 08:06:50 AM
Yes most of the people forget the main reason why bitcoin created and I think a majority number of people don't know the actual purpose of bitcoin. I think at this point all of us, including me treat bitcoin like an investment asset.
There is no reason other than treating bitcoin as an investment asset because in most countries bitcoin is not yet legal as a means of transaction, so the only thing that is most rational is to treat it as an investment asset.

I would say that this statement is not entirely accurate and is quite critical and doubtful. While it is true that in many countries, bitcoin is not yet widely accepted as a legal means of transaction, this does not mean that it cannot be used as a currency. Can you please provide the source of your information stating that Bitcoin is not yet legal as a means of transaction in most countries?

It is important to distinguish between legal tender and means of payment. Legal tender refers to a currency or payment method that a government has declared must be accepted as payment for debts and taxes within its jurisdiction. On the other hand, a means of payment refers to any instrument, including cash and cryptocurrencies, that can be used to exchange value in exchange for goods and services. Bitcoin is not legal tender in most countries, meaning that merchants and individuals are not required to accept it as payment for goods and services. However, it can still be used as a means of payment in many cases, especially in online transactions.
4  Economy / Marketplace / Re: Another mixer with chips? on: March 26, 2023, 07:44:13 AM
So if I buy crypto from the ATM, send it to that wallet and buy something a few days later, isn't that the same as Electrum wallet - easily traceable?

Yes, it is the same. If you buy cryptocurrency from an ATM, send it to a wallet, and then use that cryptocurrency to purchase something a few days later, it can still be traced.

You can use CoinJoin to improve the privacy. When you use CoinJoin, your transaction is combined with other transactions from other users, making it difficult to identify which input belongs to which user. An alternative choice is to use a different mixing service, such as one listed in the 2023 List of Bitcoin Mixers and Bitcoin Tumblers Websites. However, none of these options offer the same features as ChipMixer.

5  Other / Beginners & Help / Re: Tips To Make Quality Posts In This Forum As A Beginner on: March 25, 2023, 08:40:19 PM
One of the things I love about this forum is that sincerity and effort are rewarded. It is easy to spot members who are only in it for the quick merits and earnings, but the community is quick to recognize those who are truly committed to providing valuable insights and engaging in meaningful discussions.

Of course, everything worth doing takes time and effort, but the rewards are well worth it. While it is good to contribute quality posts and information to the community, we also need to recognize that not everyone is going to be an expert on every topic. It is okay for newbies to stick to what they know and feel comfortable discussing, rather than trying too hard to provide a content that may not be their area of expertise.

In fact, I think it is better to have a variety of perspectives and experiences on the forum, rather than everyone trying to sound like an expert on every topic. This way, we can all learn from each other and engage in meaningful discussions that showcase our individual strengths and knowledge.

So if you are new to the forum and feeling a bit intimidated, do not worry! Stick to what you know and feel comfortable discussing, and the rest will come with time and experience. As long as you approach the forum with a positive attitude and a willingness to learn and engage with the community, you will find that your efforts are always appreciated.
6  Other / Meta / Re: One new topic per month on: March 25, 2023, 07:59:04 PM
I agree, if the threads are valuable, then why stop people from creating new ones? It is important to focus on preventing spam rather than limiting the creation of new content. And if anyone comes across a thread that they believe is spammy, repetitive or off-topic, they can always report it to the moderator.
7  Bitcoin / Bitcoin Discussion / Re: I found this meet satoshi nakamoto on: March 25, 2023, 07:47:24 PM
It's very hard to totally disappear from internet no ?,  Satoshi was very smart to disappear without leaving any clue.

Well, they do say that the best place to hide a tree is in a forest. Satoshi may have just pulled off the ultimate disappearing act by blending in with the vast sea of information on the internet, never to be found again.

Maybe they are just waiting for the perfect moment to reappear and shock us all with their grand reveal. Or maybe they are just sipping margaritas on a deserted island somewhere, enjoying their newfound anonymity. Either way, it is a mystery that will keep internet sleuths scratching their heads for years to come!  Grin
8  Economy / Gambling discussion / Re: What do you think about this? on: March 24, 2023, 10:32:12 PM
In my opinion, the issue of gambling and religion is a complex one that requires a nuanced approach. While some religious teachings condemn gambling, others may view it as a personal choice that is not necessarily sinful. As for religious leaders, I believe that they are just like any other human beings and may also engage in gambling activities. They are not saints.
9  Other / Meta / Re: Plagiarism Vs Scam on: March 24, 2023, 08:36:39 PM
So my question is now is the crime of plagiarism more offensive than scamming? Huh

Both plagiarism and scamming are serious offenses that can harm individuals and communities. However, forums need to have clear and consistent policies and enforcement mechanisms. Plagiarism is often evident and easily verified, but preventing scammers from exploiting the forum can be challenging. That is why many forums have strict policies against plagiarism and may ban users who violate these policies. Scamming, however, is a gray area and is generally not moderated on the forum.
10  Bitcoin / Bitcoin Technical Support / Re: Difference between Lighting Network and Bitcoin on: March 24, 2023, 08:26:34 PM
Lightning Network and Bitcoin are two different technologies that serve different purposes.

As I understand it, the Lightning Network is a layer 2 protocol that operates on top of the Bitcoin blockchain. It is designed to address some of the scalability issues that Bitcoin faces by allowing for off-chain transactions. While Bitcoin transactions are publicly recorded on the blockchain, the Lightning Network transactions are not.
11  Bitcoin / Bitcoin Discussion / Re: How many BTC needed for retirement in 10 years? on: March 23, 2023, 10:30:14 PM
Well, that depends on how luxurious you want your retirement to be! Do you envision a retirement filled with yachts, private jets, and caviar? In that case, I would say a lot! However, if you are happy living in a cardboard box and dining on canned beans, then maybe you will not need any BTC at all. Grin

Jokes aside, predicting the exact amount of BTC needed for retirement in 10 years can be quite challenging, as it depends on various factors such as the volatility of the market and your personal expenses. All I can suggest that it is never too early to start saving and investing for retirement to achieve financial security and peace of mind.
12  Bitcoin / Bitcoin Discussion / Re: had Satoshi and Malmi problems with the .com TLD? on: March 23, 2023, 07:06:22 PM
1. Satoshi Nakamoto created bitcoin and also created
Why did he not secure domain. Does he have problem with the .com domain extension?

He could have if he wanted to, but he decided to go with the .org domain instead. The .org top-level domain was originally intended for non-profit organizations and has been used as such for many years. However, over time, the use of .org TLDs has expanded beyond non-profit organizations, and it is now commonly used for a variety of purposes. For example, many open-source projects use .org TLDs as a way to highlight their commitment to community-building, collaboration, and advocacy.

I mean as a CEO or an entrepreneur, what you are expected to do is to register and secure the two top level domain extensions(.com and .org) to your business name. Why did Satoshi and Malmi register register and and forgot about

Satoshi is neither a CEO nor an entrepreneur, in that sense. If he wanted to establish a company based on the Bitcoin project, he would likely have registered a .com domain, but he chose not to do so.
13  Economy / Trading Discussion / Re: Please explain the math behind the DCA. I am confused. on: March 23, 2023, 06:52:46 PM
So, I was DCAing, and at some point in January, 2023 I had 350 CNS (some coins) at 45 USD in average. Then I sold 100 of CNS. So now I have 250 CNS. The question: is the average still 45 USD per CNS? Or how do I calculate average price per coin after selling 100 of them?

To calculate the average purchase price of your coins, when you have multiple transactions, you can use the weighted average method.

For example, let's say you purchased 10 coins at $100, sold 5 at $150, and then purchased 5 more at $90. The calculations would be as follows:

Transaction 1: Buy 10 coins at $100
Total cost = 10 x $100 = $1000

Transaction 2: Sell 5 coins at $150
Total cost = Total cost - $750 (5 x $150, but we will subtract that amount since you received money)

Transaction 3: Buy 5 coins at $90
Total cost = Total cost + $450 (5 x $90)

Total cost of all transactions = $1000 - $750 + $450 = $700
Total quantity of coins purchased = 10 - 5 + 5 = 10

Average purchase price = $700 / 10 = $70

Therefore, the average purchase price of your coins in this case would be $70.

Using this calculation method will provide a more precise average price compared to only calculating the purchase price. Essentially, each time you purchase coins at a price below the current average and sell them at a price higher than the current average, your overall average purchase price will decrease.
14  Alternate cryptocurrencies / Altcoin Discussion / Re: What could have happened to all meme coins on: March 22, 2023, 09:49:11 PM
Honestly, I do not think many of them would even exist without Musk. They are all just riding the hype train, and without him, they would probably be nothing. Maybe there would have been some other celebrity or influencer who would have championed the cause of meme coins. But let's be real, it is hard to imagine anyone having the same level of impact as Elon Musk. I mean, he can just tweet something and the whole market reacts. He is like the king of memes!
15  Economy / Service Discussion / Re: Suggest Online Shopping Sites That Accept Bitcoin Payments And Ships Everywhere. on: March 22, 2023, 09:39:53 PM
I would very much appreciate any suggestions,

Have you given any thought to the possibility of utilizing crypto debit cards? They offer a convenient way to use cryptocurrency for everyday purchases, and many of them also come with additional features such as rewards programs and cashback incentives. Some of the most popular options include the Binance Card, Coinbase Card, BitPay Card, Card...
16  Economy / Web Wallets / Re: Trust Wallet on: March 21, 2023, 10:42:27 PM
Yes, it appears I've lost $170,000. And to make matters worse, I trusted someone online who gave me this info. I've lost everything. I don't know what to do.

I'm so sorry to hear that you are going through this. It is important to take a step back and assess the situation. Have you reported this to the authorities? At the same time, it's also important to learn from this experience and be cautious of trusting anyone online with financial information or investments in the future.
17  Bitcoin / Bitcoin Discussion / Re: Buying cheap is best formula on: March 21, 2023, 10:14:10 PM
It's not about how much money you have, it's about making the most of what you do have. Even a small investment can yield big returns in the world of crypto. I remember when I first started investing in Bitcoin, I only had a few hundred bucks to spare. But I did my research, took the plunge, and now I've seen my investment grow substantially. It's all about taking action, no matter how small. If you're waiting for the perfect time to invest in Bitcoin, you're going to be waiting forever.
18  Other / Beginners & Help / Re: Who is most reliable person? on: March 19, 2023, 08:53:14 PM
You are barely making sense, but I can guess what you are trying to ask.  Smiley

To answer your question, I think sharing your private key with someone is a big deal as they will have full access to your bitcoins. If you want to do so, make sure it is someone you really trust and who understands all the risks. It might be tempting to share it with a family member, but they might not know how to keep it safe. As for someone who introduced you to bitcoin, I see no reason why you would do that. If you want to show gratitude, there are alternative and safer ways to do so. So, think carefully before sharing your bitcoin key and make sure you are comfortable with the person you are sharing it with.
19  Alternate cryptocurrencies / Altcoin Discussion / Re: New projects come out when bull market begin. on: March 19, 2023, 07:42:19 PM
Imho developers shouldn't care about the price but focus on the development. In fact usually when price talk is allowed in the official chat, i am not investing into that.

Totally agree with you, mate! Back in the day, people invested in ICOs and IDOs during the bull market because they were all the rage and pretty much guaranteed investors a sweet return. That is why 99.99% of projects turned out to be scams in the long run.

But developers should focus more on the development of their projects than on the price of the tokens. At the end of the day, a project's success should be based on its technological advancements and real-world usefulness, not its price or how popular it is in the crypto market. That is my take on it, anyways.
20  Other / Beginners & Help / Re: a new problem faced, help on: March 19, 2023, 06:52:31 PM
is this question worth changing the forums code or editing the forums code .

No, I do not believe that this question warrants changing or editing the forum's code. Usually, code changes should only be made if there is a critical issue or if there is a significant benefit to the user experience. In this case, the forum software works as it should.
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