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1061  Bitcoin / Bitcoin Discussion / Re: What have you got rid of to accumulate Bitcoin on: March 29, 2023, 09:13:14 PM
I haven't sold anything to get more Bitcoin, but I have been hustling hard by budgeting and cutting back on unnecessary expenses. I have also been putting in extra work hours and taking on side gigs to earn more cash to invest in Bitcoin. I see Bitcoin as just one part of my overall investment strategy. While Bitcoin can be a great investment, it is still a relatively new and volatile asset. I think it is always wise to spread your risk across multiple investments.
1062  Bitcoin / Mining / Re: How effective is biowaste energy in bitcoin mining on: March 29, 2023, 08:57:34 PM
Yes. I think bio-waste has the potential to supplement other sources of energy, but I do not think it will replace them completely. Bio-waste energy is still a relatively new technology and there are some limitations to its scalability. It is not a silver bullet, but it can certainly contribute to a more sustainable energy mix. And as the technology continues to improve and become more efficient, we can expect to see more widespread adoption of bio-waste energy in the future.
1063  Economy / Trading Discussion / Re: Problems shared problem solve! on: March 28, 2023, 10:58:54 PM
It is unlikely that a 10 pip movement against you would have taken your entire wallet balance. If you closed a trade at a 10 pip loss and your entire wallet balance disappeared, it is possible that there was an error or issue with the trading platform or provider you are using. I would recommend checking your account and transaction history carefully to see if there are any other transactions that might explain the missing funds.
1064  Bitcoin / Bitcoin Discussion / Re: How to enable non-fiat Bitcoin onramping for the masses? on: March 28, 2023, 10:42:21 PM
You are basically describing Bitcoin in its early days.

Bitcoin was created in 2009 and initially gained popularity among a niche group of tech enthusiasts who saw its potential as a decentralized, peer-to-peer digital currency. Its value was initially very low, with some early adopters even giving away large quantities of Bitcoin because they wanted to promote its adoption and increase awareness about its potential. However, over time, more people became interested in Bitcoin and began to see its potential as a store of value and means of exchange. As the demand for Bitcoin increased, its price began to rise, leading to more media attention and mainstream acceptance.

So, even if you manage to create a digital token and a network that miraculously becomes universally accepted, you will end up with just another version of Bitcoin. Why would anyone want that?
1065  Bitcoin / Bitcoin Wallet for Android / Re: I just got an android on: March 28, 2023, 10:18:52 PM
To my knowledge, Electrum for Android also supports coin control. You can navigate to the address screen, sort the addresses using various filters, and then select and freeze specific ones.
Freezing of address and coin control are similar but not the same. With address freeze, you can freeze all inputs of an address. But with coin control, you can fix specific number of inputs of your choice of the address.

I love this forum. I get to learn something new every day. Thank you for that.
1066  Bitcoin / Bitcoin Wallet for Android / Re: I just got an android on: March 27, 2023, 09:53:54 PM
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But If you need more features like coin control, use mobile Bluewallet.

To my knowledge, Electrum for Android also supports coin control. You can navigate to the address screen, sort the addresses using various filters, and then select and freeze specific ones.
1067  Bitcoin / Mining / Re: Mining Bitcoin on Water Source or Solar Power? on: March 27, 2023, 09:45:46 PM
So my question is that is Solar Power energy better than the Water Source of energy. As every body has their own opinions. Let's see what will happen.

I believe that both solar power and water source energy have their own unique benefits and drawbacks, and the best solution depends on the specifics of a particular area. In some regions, solar power may be more practical due to the availability of sunlight, while in other regions, water source energy may be more reliable and efficient.

If it were up to me, I would choose Zero Point Modules (ZPMs) as an energy source. ZPMs have the unique ability to extract energy from the vacuum of space, making them incredibly powerful and long-lasting. With their ability to power entire cities and even intergalactic spacecraft, they would be the perfect solution. Unfortunately, despite their potential, ZPMs are not yet widely available to the general public. 



Are there any commercially available solutions for water source power harvesting to buy from like an AliExpress, or is it all DIY?

Sure, you can find a water source power harvesting kit on AliExpress right next to the "Build Your Own Nuclear Reactor" set. But, if you want something that actually works and won't break down after a week, you might have to put in a little effort and DIY it yourself. It's not rocket science, you know? Wink
1068  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.
1069  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.
1070  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.
1071  Economy / Service Discussion / 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.

1072  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.
1073  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.
1074  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
1075  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.
1076  Other / Meta / Re: Plagiarism Vs Scam on: March 24, 2023, 08:36:39 PM
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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.
1077  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.
1078  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.
1079  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 bitcoin.org
Why did he not secure bitcoin.com 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 bitcoin.org and bitcointalk.org and forgot about bitcoin.com?

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.
1080  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.
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