I did not see you mention it earlier. Sorry but I am confused.

It was so funny to ask question regarding which is more important bitcoin or fiat here for the answer is very clear to bitcoin enthusiasts.

I do not know how they made up the principle but I think it is also important to consider here (everyone's ideology). However I know that all of us here need money. Bitcoin is money, fiat is money but which is more important? That is all I want to know and this is why I made the poll.


It is just so hypocrite to say that you do not need fiat because you have bitcoin. But they know that bitcoin will be traded soon with fiat currency when ATH happen. Am I wrong? If not then hold your bitcoin and use it whatever you wanted like paying hospitalization bills and etc. 😂 but for ordinary people will definitely going to sell their bitcoin once ath happen and that is a real talk./b]

Anyway, we have a poll to answer and 30 days will be over and we will see the result.
But you do not answer my question about which will you going to pick? It will not going to happen yes we know of that but it is just a scenario that I would like you to decide whichever you like to pick.

Does bitcoin has economic value of that certain country like being acknowledge as part of their asset that can determine the value of their econmy?

I know I will be sound awful but if it rains fiat and bitcoin assuming that bitcoin could not be traded to fiat currency, what will you pick?

I am literally good in with no doubt about it and if someones says he will donate a bitcoin to me I will going to accept it wholeheartedly for it can be used like a fiat currency could do or more than fiat currency could do. Bitcoin is all in one coin that involve also some sort of investment.

Most of the members here are over rating bitcoin compared to fiat currency. Others had degrading fiat currency because it can get easily influence by inflation rate and its value keep going down except for those rich countries that has maintain or stablize their economic growth. As we all know the value of fiat currency will depend on the economy of that country like those assets, resources and how it was being assessed. But I do not know how they made the assessment.

In my point of view, I more like fiat currency than bitcoin. I like to use more fiat currency and use the bank service  as well that can be access digital through atm machine. However, I may not feel better with their service because any time they can steal your identity or their database that can be use in illegal activity but this is only a slight chance to happen but it is possible. The fiat currency has largely being used and applied in our daily life compared to bitcoin but I do believe that bitcoin will going to play this role too.

In my opinion, bitcoin has no real value.

Why?


Correct me if I am wrong,

* You can have bitcoin but if it is not being tradable to fiat currency then your bitcoin has no value at all.

* You need to buy bitcoin with fiat currency without fiat currency you can't have bitcoin

* when you buy bitcoin you have to pay services like in those banks and when you like to convert bitcoin to fiat and withdraw it to a banks then you will then again to pay the service of the bank. You need also to pay the bitcoin transaction fee. So fees are everywhere from those banks to bitcoin network deducted by the miners.

* bitcoin could stand alone without being paired by fiat currency but we should make it paired with fiat to get the bitcoin with value depending on the demand of the community.

* You can earn bitcoin investing in it but can take losses too depending on you. And this is why i think that many had said that they like bitcoin because they are earning but some that aren't. I feel sometimes bad about it you had your earnings coming from other people knowing that you had bought bitcoin cheaper price compared to the new comers with higher price of bitcoin

However, there are some of my points though of having bitcoin like the following,

* being anonymous in making a transaction or in a decentralized manner if bitcoin to bitcoin no third party services being used.

* p2p transactions and you do not need to worry the process of transaction for whenever there will be a new teansaction going to take place it will be broadcast to bitcoin network and will be confirm by a miner so no need for a third party service to take care of your transactions.

* bitcoin could be use to transfer money outside the country for a lesser expenses than bank or money transfer services.

* less hassle in bringing money to pocket but banks also offer digital money saving it or ready available through atm.


My conclusion

I agree that bitcoin is sort like a form of money but no way it could be the same as fiat currency because people trade their fiat to bitcoin which will then the price of bitcoin decided depending on the demand of the people wanting to have bitcoin.

Again, this is just my opinion because for me it seems that cryptocurrency has been exaggerated, over rated and fiat currency is being overkilled.


Bitcoin and fiat currency must not get overlap to each other. Both currencies are important especially for bitcoin lovers but if you are not a bitcoin lover then I know you will going to prefer fiat currency of course for its widely use if we will going to analyze its current function compared to bitcoin.

However, I still want to know your opinion regarding on the bitcoin vs. fiat currency.

Could it be possible to get bitcoin a value if not because of Fiat currency?

Could fiat currency will have no value without bitcoin? (Honestly fiat currency has value with or without bitcoin)



Note: The poll will expire in 30 days and the result will be shown after the poll expire.

Please respect post!

Edit: Sorry for being a bad guy here. But this is what the forum is all about to discuss matters that help us enlightenin every way.

Special thanks to @mk4 towards professionalism

Correct me if I am wrong,

We consider bitcoin as money because it can be used like what money could do like buying products, services and online payments. Its purpose is the same as with fiat currency and bitcoin has a value like a fiat had but it is more volatile than fiat currency.

Now, the only thing that bothers me a little bit is that if we are to base the real scenario of bitcoin is that it could have no value at all if we will not peg the bitcoin to fiat currency. The basis we have of this bitcoin is fiat currency. Why? These are some of my points about bitcoin.

* You can have bitcoin but if it is not being tradable to fiat currency then your bitcoin has no value at all.

* You need to buy bitcoin with fiat currency without fiat currency you can't have bitcoin

* when you buy bitcoin you have to pay services like in those banks and when you like to convert bitcoin to fiat and withdraw it to a banks then you will then again to pay the service of the bank. You need also to pay the bitcoin transaction fee. So fees are everywhere from those banks to bitcoin network deducted by the miners.

* bitcoin could stand alone without being paired by fiat currency but we should make it paired with fiat to get the bitcoin with value depending on the demand of the community.

* You can earn bitcoin investing in it but can take losses too depending on you. And this is why i think that many had said that they like bitcoin because they are earning but some that aren't. I feel sometimes bad about it you had your earnings coming from other people knowing that you had bought bitcoin cheaper price compared to the new comers with higher price of bitcoin

However, there are some of my points though of having bitcoin like the following,

* being anonymous in making a transaction or in a decentralized manner if bitcoin to bitcoin no third party services being used.

* p2p transactions and you do not need to worry the process of transaction for whenever there will be a new teansaction going to take place it will be broadcast to bitcoin network and will be confirm by a miner so no need for a third party service to take care of your transactions.

* bitcoin could be use to transfer money outside the country for a lesser expenses than bank or money transfer services.

* less hassle in bringing money to pocket but banks also offer digital money saving it or ready available through atm.

I agree that bitcoin is sort like a form of money but no way it could be the same as fiat currency because people trade their fiat to bitcoin which will then the price of bitcoin decided depending on the demand of the people wanting to have bitcoin.

Again, this is just my opinion because for me it seems that cryptocurrency has been exaggerated, over rated and fiat currency is being overkilled.

Part of keeping safe your money through bitcoin is not by keeping it to exchanges. It is natural for a bitcoin holder to withdraw bitcoins from.exchanges to store it in their personal bitcoin wallet for safe keeping. If it happen to be that mostly in most of exchanges that bitcoins users are keeping their bitcoin for holding purposes then high chance that bitcoin will take the bull run. We can be happy with that of course.

Bitcoin is the main thing about cryptocurrency other than that all are called altcoins. This is what Iearn from people here base on their replies. So do not get too upset for who knows that we might getting as well different crypto for paypal to offer. As we all know that they are just doing business for them to earn and by that I think the Paypal will be open for another crypto and tha XRP could possibly be added in their platform of buy and sell crypto.

These people are really good members of the forum. I can see too their posting abilities like @fillippone, @Ratimov and @Loycev and @DdmrDdmr

Having them in the forum is a big impact in learning about thr forum and cryptocurrencies by sharing their ideas. They are already an asset and that forum really need this kind od members. It will be a big loss for the forum if one day these guys will going to leave the forum and hopefully it will not going to happen.

Lastly, there are other new members too that are stepping up in getting few merits like their merits received are already qualified to legendart but are still waiting for to increase the activity to become legendary.

Lol, good one OP..Nice.saving your funds. I think this is one of the great advantage of storing your money in cryptocurrency. Robbers don't have idea about it and even if they sees it knowing that it is just like a usb then they could have just leave it. So, I suggest to make the devices of storing crypto online to make a design that is not catchy to the looks of the robbers so that they will only get lesser attention in taking it as well.

Personal Post:
1: https://bitcointalk.org/index.php?topic=5283828.0

For post of others
Username: erikoy
1: https://bitcointalk.org/index.php?topic=5122664.msg50239105#msg50239105

There are many altcoins being listed in this site https://coinmarketcap.com. Still there are lot of coins that are not listed due to low marketcap volume and others too that are being created for scamming purposes and project were dead.

If you are new in cryptocurrency and will going to check what crypto you might be into in which you think will put a good use especially if you wanted to integrate it in your exisiting business then make a good use of bitcoin. The problem is that chosing between those coins is already a difficult task. What could be more when you wanted to check the coins one by one? It will be a load of work with the huge number of the altcoins in the market the common scenario that has happen with altcoins

1. There is no assurance that you can earn investing on altcoins unlike investing in bitcoin. Other altcoins liquidity are questionable so it can't get your money back whenever you wanted to.

2. Pump and dump scheme, Altcoins could be easily pump up especially the low total supply and this could be mean a trap where many people will going to anticipate the pump scheme investing more believing that it will go high. The next thing happe is that it will be going to dump for no certain reasons or just being told big investors pulling out the project.

3. Team abondone the project. Once the project is dead it can really be difficult to regain for project is abandon already. I think that most of the scammers are like this always creating new projects because it is more easy to get money from the crowd through ICO or DEFI crowdfunding projects.

4. All altcoins market are mostly dependent on bitcoin market. Seldom to see in the list that it could move on its own without being influenced with the bitcoin market. Meaning that all altcoins had no value if it will not be paired to bitcoin directly or using other altcoins that is being paired with bitcoin. So, all of altcoins value are peg to bitcoin which sounds like as coins name after alt coins.

5. Most altcoins value falls down after it gets listed to an exchange if compared to their ICO price as I checked the projects that can be found on gecko sites regarding the ICO price of the tokens.

Most of the coins are set up to failed (Not all). If this is the trend in these altcoins then why invest such that can make you more losses? I suggest  not to believe on the bounty hunters stating that the project is good, team is good, gathered funds is good and or at the part where low cap was achieve and project is good to go. Yet, the tokens will be listed in a cheap exchange or no listing at all due to the common reasons such as

1. The project is still being developed an promised within next 6 mos. to.deliver. But nothing has changed after 6 mos. (false hope)
2. That one of the member of the team had been replaced or there is a misunderstanding within their team and they are still couping up with that problem.
3. That they are following the regulations of the government where project was basing and that the cause of project delayed.
4. The listing will get delayed due to pandemic.
5. The project is doing great with new affiliates which they are waiting for something great to happen but it weren't (you will again a victim of false promise)
6. There was no funds collected at all and it was just a false claim that they had claim much funds to trick you to trust them and invest in their projects.

There are so many reasons why you should chose to be careful with altcoins or investing in projects. If you do not want your money to be wasted then invest directly on bitcoin or to establish altcoins and not the new projects that are only good in making false hopes.

You or we as a newbie in investment would you rather care to invest in altcoins even with the current conditions stated?

Are you still willing to take the risk?

1. When and why did you become interested in cryptocurrencies?
I was never really get interested in bitcoin or other cryptocurrencies even as of the moment. However, there is a spark that i will be probably having the interest in the part of investing bitcoin. Yet, the current market of bitcoin is not good so I think I will going to wait when the right time has come like having a bitcoin market crashing or low price of bitcoin.

2. When and why did you buy your first bitcoin?
I am not buying bitcoin for now but I am already installing an offline wallet ready to buy bitcoin when market goes down to ide price to buy. 6K $ or below would be ideal price per btc to buy.

3. How did you get on the forum?
My friend invited me here. He was a bounty hunter and I was promoting networking locally earning commission from the invites. I am not thinking of earning through bounty hunting. I do not know and difficult to do it besides even if I know I am having hard time to complete the task.

4.1. What prevents mass adoption of cryptocurrencies?
Not being able to pass government regulations, scam and hack issues especially if it involves huge amount in those exchange. It does mean that having funds in the internet or online through cryptocurrency is at risk.

4.2. How do you think mass advertising of gambling projects has a positive effect on the development of the forum or harms the community?
I am a fan of gambling but this type of activity should be isolated in one part and not all sections of the forum. This can get the idea of minors here joining the forum to do gambling activity.

4.3. How do you consider whether 2-3 years of experience in cryptocurrency is enough to successfully invest or does an investor need to receive special education?
yes, even new comers could adapt on this scheme because it all depend on your experience and it could be related to a skill or environment which you are good at.

5. What do you think of the current Merit system and signature campaigns?  Do they harm the forum?
I do not know there aren't statistics or post that talk about it. In the case of merit system I think that admin will going to have an adjusment in the future like giving only one merit per post and not like those receiving couple of merits. What is the point on giving more merits when the intention of rewarding merits is to acknowledge post as contributing posts or something that you like?

6. The most useful forum topic? Most helpful users?
Hepful users are the merit source they can be the reason of a member to rank up. They had the discretion and the power to do it so but it all still depend on the member if they wishes to grow or rank up here in the forum.


7. 3 things you would implement on the forum?
1. To modify trust system like being visible to all users or names will have red in color if it receives negative trust.  Meaning a user cannot be trusted.
2. Merit system should be only a recognition for contributing helpful post and not by means of growing up in the forum. Ranking up should depend on time (#of days, hours and minutes) of being active in the forum as shown above to rank up and certain activity needed.
3. Promote local boards for non english members.

8. Do you trade on exchanges or invest in projects?
Not fan of investing for there is no assurance to it nor doing trade I am not good to it and does not have bought bitcoin but probably trading will be consider one day.

9. Tell a story about your big profit or big loss?
No story to tell about cryptocurrency but talking to networking then I do have bigger affiliates and was becoming a leader in certain area. I am earning through commission from the invites

10. What do you think about the DEFI ecosystem?
Not fan of those projects but it seems good knowing that you have full control over of your funds. However, as I mention above that it is not alright to hold funds in the internet for it is prone or at risk from scammers and hackers. Bitcoin may do storing it offline and this is why I like bitcoin compared to other coins.

11. Is your anonymity a vital necessity or precaution?Not really, but because of the scammers in order not to get in trouble by them stealing your identity then it would be better to keep anonymous and KYC should be avoided as much as possible.

12. The last cryptocurrency book you read?
None, but if someone could provide a link for me then that would better and I would be thankful for it.

13. Advise 3 cryptocurrencies/tokens for investment in the next 1-2 years?
Only two cryptocurrency I know.
1. Bitcoin
2. others

14. How much will Bitcoin cost at the end of 2020?
19K$ that is my best estimate but hopefully ir could be more than that and then hopeful that market will going to crash again for me to buy my first bitcoin.

15. P.S. (Optional)
I would like to thanks for this wonderful questions provided by OP @zasad. The questions I answered made my time for today not to get bored while waiting for someone. My answers are all from the best of my knowledge and intention of bitcoin and the forum. Thank You!

I would like to participate to get the chance to earn merits. Thanks OP for this wonderful opportunity that you had shared to us the low rank members of this forum.

The purpose of signing in message of bitcoin wallets and digital signatures
Re: Do we need a new child board or we are good here with meta board?
Government slowly open the economy, will it make the pandemic worst?
Check Your lifestyle to get a longer life like Japanese people did

Once again Thank You for this wonderful opportunity!

I want to discuss you guys about the recent happening that takes in our place.

Pandemic really had been a problem that frustrates all especially to the worker that has a scheme of no work no pay policy. The lock down had made of some establishment to close temporarily except for those that offer essential products. This means that there are many employee now are getting hungry due to no work no pay policy and they all depend on the government financial support. It made worst when rumors says that the financial support had not reach to them or just being kept by the local officials for their own interest.

As the government trying to improve the economy here in our place, It decided to lift the lock down and impose more relaxed quarantine protocols. This now allow other establishment to open. Yes, many are happy about it and that they can go back to work to earn money to buy for the basic needs expenses and that even includes some medications and maintenance for some health conditions.

As seen in the public areas the number of crowd has been arising especially during rush hour like in the public market, malls and other crowded areas. The transportation are now slowly going back to normal just with those materials and other health protocols mandated by the government in the transportation to prevent the spread of the covid19. So, in the process there are many problems that has been observed and hopefully will be notice to imposed the rules and regulations to stop or minimize the spread of covid19 virus.

So far this has been a problem I observe.

First Public Land Transportation problem
* The use of fiat currency to pay the public transportation like coins which is metal and high rate of virus to stay longer in that objects. Paper money also could be a medium of transmission for covid19.
* The distance of provided seats between the commuters does not meet the observance of social distancing protocol.
* Covid19 is airborne and some buses especially the aircon bus had no proper ventilation and air flows just go round and round inside the buses.
* Contact tracing sheets were not strictly observed and done
* Some commuters not wearing face mask properly.





Second, Small Businesses are operating even without securing permits.
* Automated Tubig Machine (ATM) - Coin operated water dispenser are visible everywhere and are operating and people tend to use it due to its cheaper price compared to bottled water.
* Some resorts are also open despite of no securing permit from agencies concern regarding in the implementation of the minimum health standard protocols.
* Fitness gymnasium are also open and more easily for virus to transmit due to the fact that the equipment are there and that anyone could use it.
* Bars are discreetly open usually those establishment that are far from the reach of the concern authorities even if they know that it is not allowed for them.
* Buwangan, or cock fighting are now being endorse by the authority to open. Probably the officials sitting in the position heading the authority were likely missed visiting cockpit or arena.




Third, The Public Market
* the capacity of public market does not compensate the number of vendors plus the people that went to market especially rush hours. Social distancing is not really observe.
* Still fiat currency is being use as a medium of exchange and this is not really ideal for now with pandemic.
* Vendors not properly wearing face mask and face mask are not prescribe usually are just made a piece of cloth.
* Disinfection does not observe in the market at the end of the day.





Fourth, Sex social workers still rampant and was not contained.
After a long working days usually we had to find our stress reliever and this open the doors for the sex worker to offer their service for pleasure and fun.
* Gays, Female, Male are discreetly offering their service and still operate through online transaction then meet up for deal to take place.  
* Spa and massage with extra service offer they tend to attempt in making you go for sex and eventually they will ask for it in return to increase the pay for the extra service.
* Beerhouse usually has GRO but they too are sex workers. Some of them are teens or are minors.
 



Fifth, Online businesses had been also a way through transmission of Covid19.
* Barter community had been violating the government mandate especially during the lock down or quarantine days.
* Online shoppe become rampant and are also violating the rules of community quarantine.




Understanding the importance of observing the minimum health requirement protocol is very important. Now that the community quarantine are at ease we are now heading to open up the economy. This can be a trial and error from the leaders that are showing. If not then they have good reason why they slowly open the economy back. I am not against this move but at least they will make sure that community needs to follow the protocol and will imposed sanctions to those who will not going to follow the mandate of the government. So?

The question is that are we really going to improve the economy?

Or make covid19 transmission worst of their decision?

Edit: Pics for attention only CTTO
Reference: Google pictures

Well if you could be the moderator what will you do when you see things coming back over and over again?

Probably if you are snappy moderator then you can imposed sanctions to the user violating the forum rules. However, it always coming back so it would be stressful in your part if you will going to work hard for this where there other sections to which activities are going to be checked.

Even myself would not take part of that stressful work. Remember that snappy or lousy you still get the same salary and that is how things would be done if I am one of the moderator in that section.

Bitcoin is peg with fiat currency for if not then we will not buy for it or exchange fiat currency to bitcoin. This make the value of bitcoin however unique because it can be vary depending on the market of bitcoin. This is what really happen when OP wanted to buy copper membership through bitcoin. Buying copper membership is really worth it because the features that can let you do with copper membership can be the same as with member in rank where one can post image and can wear signatures with high numbers of characters compared to jr. members.

Sub section you mean?

If the purpose is to segrate posts that could useful for future references like statistical reports, compilations of reports to admin, ban appeal, archival posts and etc could be better if meta section got more activities or pile of post per day.

The activity in meta seems so low for seeing the same thread the last time I visit the section. I think that this is not necessary yet for now and if it does the the admin of the forum will be the first to announce to make the changes. Besides, making sub section can get me tired of moving for one sub-section to another sub-section just to check the threads being made. I had trouble also with my internet connection that slows me down to access threads in this board I am not against it but for now I am comfortable with threads being unified.

I can suggest other members to change their posting habitt as much as possible the title of the thread should have determiner or something that will distinguish like the statistical reports, ban appeals, for archival posts, and reported post to the admin. This can help my life easier if it can go happen other than that there are feautures actually being seldom in use like the image below that coule put to good use if there will be some modifications if possible in the choices or options.








If that feature will be encourage for the users to use then we can easily determine posts that are intended like the posts I had mention above.

Above all, let us wait for the admin to decide things here and should not tell them what to do because they are the members that knows more about this forum (staff, personnel and the admin of this forum)

There are many things that you need to learn in this forum so I suggest to take it slow here.

However, I just wish you the best so you can check this shortcut for you to learn about the forum. Check the thread below,

Newbies - Read before posting
Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ
Do not post off-topic replies
Forum ranks/positions/badges (What do those shiny coins under my name mean?)
FAQ: Everything you need to know about forum 'activity, account ranks and merit
[General] Bitcoin Wallets - Which, what, why?
[General] How to earn Bitcoins
Verifying Bitcoin Core
Security bounties
Recovering hacked/lost accounts
[SUCH GUIDE] Guaranteed method to earn many merits, statistically proven

Just take it slow and everything will be alright. Other thread posted above needs update so again take all your time here to learn and do not be hasty in learning all things here.

yeah I still not able to sign in message into that thread however I manage to post a sign in message and get verified in @OgNasty's thread supporting newbies to sign in message in bitcoin wallet.

I have learn the basic on how to sign in message using mycelium bitcoin wallet. The question is what really is the purpose on signing in message to bitcoin wallet? I forgot to ask this and due to heptic schedule on work I had no time to start a thread and probably to check replies too from other members. So, I relied on google using the google search engine and found similar thing on digital signatures and about signing in message to bitcoin wallets. Not quite sure though and this is why had decided to start a thread regarding on this matter.

Signing in message on bitcoin wallet.

In simple terms the purpose of signing in message on bitcoin wallet is to prove the ownership of bitcoin address may it be the sender bitcoin wallet or the recipient bitcoin wallet. The process in signing in message to bitcoin wallet is to input plain text message then encrypted using a hash - mathematical calculation that is applied to message and encrypt it using the private key. The result is what we called MD - Message Digest (a string of digits after hash has been applied).

This process is usually done prior to make transaction to ensure security of e-payments, validate ownership of bitcoin address and for authentication purposes. Bitcoin wallets are actually using digital signatures and a good practice is to always show or ask digital signature whenever a transaction to be made. This will ensure the validity of bitcoin address to be use in the transaction after a digital signature has been provided.

Not really bad for this kind of idea and technology that has been applied. I appreciate it that much for whoever had invented or created such making digital signatures and putting it to good use.


Digital signatures not in bitcoin wallet

Digital signatures has been adapted for some purposes. The digital signature was actually applied to other applications not only to digital currencies or bitcoin. The application of digital signatures could be as follows,

*Electronic Mail
*Data storage
*Electronic fund transfer
*Software distribution
*smart cards
*ISDN (Integrated Services Digital Network)
*Time stamp Signature
*Blind signature - disguise message content and can be verified using digital signatures(Unblinding)

I had hard time reading about those applications being mention but as far as it concern digital signatures was used for validation purposes just like a live signature of a person can made in those hard copies of documents being validated.

How does digital signature work?




The figure above shows the process of digital signatures and how does digital signature derive.

It may be look so complicated but mind you that the digital signature is the good way in validating authenticity of e-mails, e-payments and documents to avoid getting altered. Isn't it wonderful?

Advantages of the digital signature




Disadvantages




conclusion




Reference:

https://en.bitcoin.it/wiki/Address.
https://www.slideshare.net/mobile/AdarshkumarYadav/digital-signature-72467638