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181  Bitcoin / Bitcoin Discussion / Re: 2020 - Set your Target and Make your Plans on: January 02, 2020, 12:20:40 PM
For those who own less than 1 Bitcoin, that illusive target of owning at least 1 could
potentially get harder in 2020. Today being the first day on the new year it is a good time
to set a goal and make plans on how we all propose to meet our targets.

Everyone knows that Bitcoin Halving is happening this year on or around the 14th of May
this obviously means that the amount of Bitcoin reward will be halved which in turn means
miners will have 50% less to sell to the markets. [decrease from 12.5 to 6.25 coins]

It has been debated to death already on how or if this will affect the value of Bitcoin but if we
take it that the value will rise and it doesnt have to be an astronomical figure it means that
whatever your target is now, it could be potentially harder to reach after the halving.

https://www.bitcoinblockhalf.com/

Here are some interesting statistics on the distribution of Bitcoins and through what wallets they reside.



https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

An interesting article has come to my attention which states an interesting statistic as follows:
owning and holding at least 0.28 BTC will mean that no more than 1% of the current world’s population can ever own more BTC than you

According to former product director for Google Steve Lee

"Throughout the next few years, the scarcity of Bitcoin will increase as more investors and institutions continue to accumulate the cryptocurrency,
which could further reduce the total possible number of individuals that can ever own one whole Bitcoin (1 BTC)."


Further Rerading > https://finance.yahoo.com/news/bitcoin-still-early-stage-hold-134600144.html?soc_src=community&soc_trk=wa&guccounter=1&guce_referrer=aHR0cHM6Ly9jb25zZW50LnlhaG9vLmNvbS8&guce_referrer_sig=AQAAAMWPa1fWYPGHLfOuaqHc7TBUc5pPjfgElk5kZzcOeFIT0nv3dgGpDA3_eiajFlblMBVWraDzu7qhK9eLoEGZcb-B27QcmPahuCU4LAwQYdXAVY0kEvzjYW0x7_gmFpndLv5oj2kWkYqXDVsuX4ObbQAHUaX1HOs2YzcMjtP16PiJ

  A lot of people in the community are dreading, but fail to see all the inspiration Bitcoin has caused that lead to other projects improving upon Bitcoin and Blockhains code and original idea. Ethereum could well be considered Bitcoin 2.0. The introduction to smart contracts and the utilization of tokens really took the whole scene a leap forward. The proof of work consensus algorithm pathed the way for proof of stake and all the others that were inspired by it. It was obvious this would happen, Bitcoin was going to become scarcer due to future halving's.
182  Bitcoin / Bitcoin Discussion / Re: Faketoshi has failed again! on: January 02, 2020, 11:53:13 AM
I really don't think that Bitcoin is a ponzi scheme, though it does share similarities with the "Tulip Mania" era which had collapsed in February of 1637. It was considered to be the worlds first recorded speculative bubble. Unfortunately socio-economics comes into play so there are numerous unknown variable that could effect market prices significantly, other than just whales shifting money around. Bitcoin is an attempt to completely digitalize and decentralize a monetary system, while block-chain revolutionizes the way was digitalize the ledger system. It's a bold step forward for transparency.
183  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum co-founder Secretly Sold $11M Worth of ETH on Christmas Day! Got Outed! on: January 01, 2020, 01:11:47 PM
He thought it would go unnoticed because we would be full and occupied with family on Christmas Day!

https://www.cryptozink.io/ethereum-co-founder-jeff-wilcke-secretly-sold-eth/
So are we going to crucify this guy for spending his own money? I thought the guy had stole something or worse. You mean to tell me, he spent from his own wallet and now hes being dragged through the mud?
  I can understand the impact it may have on people, if a guy important as he is for Ethereum platform is dumping his hard earned share could cause investors to lose faith. Wilcke said it wasn't an unsubstantiated claim, that the funding was to support development for his game.
184  Bitcoin / Bitcoin Discussion / Re: Stable coin - a threat to the international monetary system and bitcoin on: January 01, 2020, 12:47:08 PM
https://www.bis.org/cpmi/publ/d187.htm

The report of Bank of International Settlements or BIS have found out some alarming negative impacts of the stable coin towards  competition policy, financial stability, monetary policy and the international monetary system.

But this issues were not seen as a hindrance but a challenge to overcome thus a meeting with the stablecoin developers and the public sector authorities were called to tackle solutions to such challenges.

Somehow it is annoying to see that stablecoins will be the first to be mainstreamed rather than bitcoin. If they will be successful then bitcoin will be left behind and will only be viewed as a tradable cryptocurrency and can no longer be used as a means of payment due to the presence of stablecoins.

It makes more sense to see Stablecoins being adopted first way before Bitcoin ever will because Bitcoin is too volatile and your ordinary average Joe working class citizen wouldn't know what to do with cryptocurrency.
  Fiat currency is based upon stability, if my grand mother has $5, by the time she gets to the supermarket, the $5 will still be $5, not $4.97. Stablecoins will thrive in mainstream society, look at what Facebook is doing with project Libra? They're already one foot in the Door!
185  Bitcoin / Bitcoin Discussion / Re: My Bitcoin experience in 2019 on: January 01, 2020, 12:28:20 PM
Hey I'm back. haven't been on the forum for 1.5 yrs. Been on Twitter. But yeh 2019 was a good year for me in crypto.  1. I had too much in alt coins ,tron, and didn't gain much of it. My stack went all the way up. From btc. Then I saw my stack crashed down lol. It was amazing. But yeh still got a chunk back from hodling in 2017. I have been buying the whole year from 11k down. Little by little. I stayed for the 2020, 100k price well that didn't happen. Let's see the halvening now. Also stayed for the 1 million price prediction. I feel stocks is running n gunning at a good pace. But I'm still stacking satoshis.

If 20/20 means clear vision, then let's hole 2020 will be a clear year for all Bitcoin politics and undergoing. 2019 was very regulatory as it should have been because more institutional investors are starting to pool in and invest. How long before we actually get to see an ETF get approval, or for clearer regulatory guidance within all sectors of finance, not just from the IRS or SEC, but guidance from all of those bodies?
  Let's make 2020 the year of the Blockchain, so I hope the regulators get the ball rolling!
186  Bitcoin / Bitcoin Discussion / Re: 2020 will be a material year for crypto. What do you think? on: January 01, 2020, 12:00:10 PM
Honestly I think BTC will make progress , not only in price progress but also  technical development will be happened. And we, most of the crypto lover dont focus upon that point. It is Lightening network. The core team is working on it. The team will implement new changes to support basic multi paths payment. There will be 2 new technologies, splicing and dual funding. And both of them will improve the user experience.
And halving will make mining more expensive and production cost will correlates the ultimate market value of btc.
I agree, mining is going to become a whole lot more difficult and expensive after the Initial Block halving.
From here on out things begin to seem centralized, a small few who control the majority share of the mining.
  This is why I believe Bitcoin is open source, so that resolutions can be made in the form of better consensus algorithms, scalable blockchains, and any other problem Bitcoins original code can't address.
187  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: More Pressure Mounted By Apple, As Coinbase Sets to Remove iOS dApp Support on: December 31, 2019, 01:44:55 PM
This is a prime example portraying what can and will happen when over regulate, because the end result is the stifling of innovation. Apple is potentially shooting itself in the foot at his point (from a technological standpoint) regarding it's stance on cryptocurrency. It's a modest and conservative move they've taken, being that crypto is quite the controversy these days. Their approach seems to be to avoid crypto related things at all costs until more regulation rolls in. The problem is that Apple was founded and branded on it's innovation. Cryptocurrency is a spicy subject and conversational piece, If Apple is wrong, when projects like Libra finally do start to take off, Apple will be behind again in the innovation race.
188  Alternate cryptocurrencies / Altcoin Discussion / Re: Before 2019 ends, crypto addicts should check these! on: December 31, 2019, 01:21:05 PM
It is often said that the best things in life and are free. However, though the cryptocurrency industry was once filled with lucrative giveaways, there has been a stark reduction in recent months as the market has shifted away from these types of promotions.

Nonetheless, though the range of available freebies is limited to just a handful of offerings, there are still more than enough available to make your day.

With that said, we’ve scoured the internet to find the four best cryptocurrency freebies that are still available in 2019!


Source link here

Now this should be interesting before 2019 ends....

I had to admit that I am using Brave browser since the day they are offering free BAT for just browsing. However, for Coinbase, this is something that I hadn't checked out for a while. Maybe I should try them after New Year's celebration.

Of course, I love free stuff like these. Airdrops and bounty hunting as well. I can't imagine what would my life be without deciding to take crypto seriously around 2 years ago.

No matter how small it is, it's still a great help and I'm thankful for it. Looking forward on what future lies ahead of us in 2020!
The Bitcoin price was becoming highly inflated back then when there were more Airdrops and bounty campaigns that were abundant. The market was also highly unregulated with little to no guidance except from the IRS on how to navigate within the sector. Once regulation started rolling on, and clearer guidance was issued like from the IRS stating airdrops were taxable, or from the SEC stating that ICO's could be violating security laws, and should be considered securities, the Freebies became slowed down to a crawl.
189  Bitcoin / Bitcoin Discussion / Re: what would be relationship between bitcoin and stockmarket? on: December 31, 2019, 01:00:55 PM
If stockmarket goes up, do you think crypto market would too?

please provide me good reasonss
I really don't know the answer to that one my friend, and I'm not sure if the two will ever be directly connected anytime soon, but what I do know is that cryptocurrency market operates in a remarkably similar fashion to the stock market but in a more decentralized kind of way. The Forex market may be the best and closest comparison you could make to the cryptocurrency market. This is why many people find the transition from The Forex markets into the crypto markets an relatively easy switch.

Before cryptocurrency I had never traded Forex or Cryptocurrency before, but I found this free guide and school course on FOREX essential for learning how to trade both markets correctly.

It's a FREE guide and course system on trading, no bullshit!
https://www.babypips.com/learn
190  Bitcoin / Bitcoin Discussion / Re: What do you think are the hot topics of crypto in 2019? on: December 31, 2019, 12:45:56 PM
Even though the cryptocurrency industry is not new to ups and downs, 2019 has turned out to be the year with the most surprising reveals. The long-lasting bear market of 2018 moved market analysts to call it the year of regulatory reckoning, leaving many jurisdictions uncertain about how to treat cryptocurrencies.However, 2019 also turned out to be the year of the comeback.

Enter the new year immediately,Why not review the hot topics of crypto in 2019?

I agree, I think this year is the year that was meant for for high regulatory scrutiny. The crypto scene has been very disruptive for the past for years. The ICO scene was so wild it was being compared to the Wild West, from time past where regulation, policies, and law itself operated on some rough and really murky waters due to there being no proper enforcement agencies on the scene. The U.S as we know it was still a young budding, developing country in the midst of building a solid enough foundation to stand on. Mean while at that time civil unrest was happening between the American north and American south. A lot of time, money and energy went into actually uniting the states as many where divided.
   During this period, the western states where rural, ranging from prairies, to mountains, to valleys and desserts. A lot of these territories didn't have a strong enough law enforcement, and thus the scene was called the Wild West. In order to get a clearer picture of the scene, just check out an episode of one of these old "American Western" (shows) portraying those times and events, like  "Guns Smoke", "RawHide", "Bonanza" and the "Rifleman" just to name a few.
  The Crypto scene at the time was very similar, a little unorganized and and very unregulated. Regulation was bound to happen, it is the only sure way to get institutional investors involved. In my opinion, the only way to push forward is to find a middle-ground with the policy makers and regulators and reach a compromise that leaves us with clear guidance for navigating within these murky waters and gray areas of law.
191  Alternate cryptocurrencies / Altcoin Discussion / Re: Under supervision, do you think that anonymous coins have a future? on: December 31, 2019, 12:09:23 PM
Hello everyone and Merry Christmas! According to the current situation, cryptocurrencies are about to be brought under government supervision. Do you think that anonymous coins have a future in this case? How should we choose, thank you for your proposal
I don't think that the governments can really stop any anonymous cryptocurrencies unless there are specific mandates, policies and regulations purposefully put into place that would stamp out any cryptocurrency to fiat conversions. That would really stifle the scene and people would start panic selling. Instead I believe organizations like the SEC, CFTC, the treasury departments and congress will each issue some sort of small amount of guidance on to to proceed lawfully within these sectors. The toughest part is to prevent the strangling of innovation while still maintaining balance and order.
192  Bitcoin / Bitcoin Discussion / Re: Vending machines that use Bitcoin on: December 29, 2019, 01:38:21 PM
Now that it's possible to send instant transactions at a fraction of the cost using Bitcoin's Lightning Network, I'm starting to wonder whenever we'll be able to see vending machines accepting Bitcoin someday?

For years, we've been accustomed to vending machines which accept physical cash above all else. A Bitcoin vending machine that would use the Lightning Network would turn out to be quite revolutionary for many businesses in the mainstream world. It'll be even better than paying with physical cash. This would also benefit the Lightning Network in terms of adoption worldwide. I'm sure that someone is already working on this in order to make our lives easier than ever.

What are your thoughts? Is the Lightning Network ready to be used on vending machines, or is it too early to tell? ??
This would be awesome, imagine If major corporation merchants and vendors decided to allow the implementation of  cryptocurrencies as an viable payment option. Bitcoin would most likely be the first, then maybe Ethereum being a future second choice. You walk up to a beverage or snack machine, perhaps scan your phone or use some kind of near field communication option on your phone, and bam, instant snacks!
  In fact, you could probably add a scanner to read paper wallet public keys, and create some interface on screen to make it simpler. Your a genius bro, this sounds like an awesome idea. Bitcoin ATM's are becoming more popular but a freaking vending machine would be stellar. Get a permit and contract for your local college campus, and bam!
 Just wishful thinking though! Just my two cents  Wink
193  Alternate cryptocurrencies / Altcoin Discussion / Re: Coins or Utility Tokens? on: December 29, 2019, 01:20:26 PM
By far I think for legalities sake the safest option would probably be for me to choose a utility token, as long as it isn't a security. Many projects are in the past and up to now have faced big hurdles with convincing the regulators like the CFTV and SEC that their start coins are not securities and are in fact tokens based upon and around their utility. Just look a Telegrams token offering, it was touted as a utility token, but the SEC gave them the shakedown and made them cease and desist all activity related to their token while an investigation is underway.
  Scary to say the least,  as this will be a daunting hurdle for many projects in the future to overcome.
194  Bitcoin / Bitcoin Discussion / Re: YouTube admits error over Bitcoin video purge on: December 29, 2019, 12:57:43 PM
I bet this might have caused quite a stir up within the cryptocurrency related content creator community within youtube. I would be be madder than a hornet if they not only demonitized my content but remove it as well? I hear that it was a sweep removal of all things crypto related, including the educational channels, not just the those offering investment advice.
   This seems like good news that they were able to acknowledge their fault and correct the mistake without much hassle. I thought it was a sweep stemming from regulatory uncertainty, due to the legal guidance being sparse. An alternative platform maybe be needed as a backup for future reference.
195  Bitcoin / Bitcoin Discussion / Re: Reasons to be thankful than hate him on: December 29, 2019, 12:08:02 PM
Hi,
Beautiful people

This post is dedicated to all the haters of Bitcoin in this forum. I have been asking my self what did Bitcoin and the creator of Bitcoin do wrong with them?

The one who invented never came out with his name or asked us to popularize him. He became famous because he did invent something that was meant to help us.

We are innovating, we are creating brilliant product but, it does not mean we degrade the one which started it all.

Why anyone would like to question Bitcoin?

What makes you think it is inferior to what you have invented?

Remember, it is Bitcoin that started the revolution and it is Bitcoin that will change the life for the needy.

I have been asking myself what did the inventor do wrong to be conned and claimed as they never were able to prove it? Cheap stunt!!

Mr Nakamoto(it would be nice that everyone give him/her that respect) invented something, which has changed our live, we should appreciate and love his creation, rather asking everyday who he was? where can we find him? and so on.

I am not a judge here, I am that individual who was no one until this guy invented a product and made me who I am!

Thanks.



Respect Bitcoin and Respect the creator!!!

We never would have been here, If Bitcoin creator NEVER thought about us.
I think a lot of the hate comes from people not being able to literally see or hear Satoshi in actual real life, up close and personal. The fact that Satoshi had chose to remain anonymous gives some people the impression that he/she is a vigilante of some kind, like Batman  Grin.
  Bitcoin and blockchain was so great that Satoshi most likely seen the far reaching implications it would have and how disruptive the tech could be, hence taking an anonymous choice.
196  Bitcoin / Bitcoin Discussion / Re: Government Taxing Bitcoin? Here's the Answer on: December 28, 2019, 12:54:39 PM
I always wonder how could an economy operate and run without taxes from cryptocurrencies. How could a government obtain taxes from people when people are completely utilizing a currency that is not supporting taxes. Would it be really good if we completely have our fiats converted to crypto? For me, there's always a way if our intention is good. We cannot really deny how government is providing regulation that is mainly for the betterment of us despite of some issues regarding corruption and frauds.

For me, the way we could still make it possible is to establish a local exchange wherein, if we convert our money to crypto, these local exchange could already have the portion intended for the tax of each transactions.
I think it would be utterly ridiculous to convert all of ones money into cryptocurrencies, unless one wanted to loss the shirt off of his/her back and then some.
Cryptocurrency is way too volatile to dump an entire Bank account into it. Are cryptocurrencies the future, almost certainly, whether or not Bitcoin will still be around is highly debatable, but Fiat really isn't going anywhere anytime soon, you can count on that.
  Maybe within the future once regulations and policies are much clearer for everyone involved, but to each his/her own! Fiat is way too easy to use whether physically or digitally, try explaining Bitcoin and Blockchain technology to my grandparents, they'll laugh at you then ask you does your president or local Congressmen support it? If not, it's probably a no go!
197  Alternate cryptocurrencies / Altcoin Discussion / Re: Read whitepaper, could you write a whitepaper in the future? on: December 28, 2019, 12:20:17 PM
I have a theory, if I can read cryptocurrency white papers, maybe in the long run I will be able to write a white paper, because by reading how they are initially written, their structure, technical explanations up to a point of view, and all the elements that a white paper has, I should be able to have notions to write one, what do you think?

Certainly, as long as you study the basic logistics of creating a white paper, you could probably earn some extra income helping people write theirs here within the community. If you analyze the structure, study the formula, examine the layout, it shouldn't be that hard to grasp the basic concept.
  Now, you might run into serious trouble creating a white paper from scratch, that is where the real innovation steps in. Anyone could learn the process, but few have the creativity and spark to write something as life altering as the Bitcoin and Blockchain whitepaper. In other words, mastering the process and layout of writing white papers in general is quite attainable and even feasible, but creating one from scratch with it's own original concepts and ideas, and technical explanations is a hard  daunting task.
198  Alternate cryptocurrencies / Altcoin Discussion / Re: Libra coin alive or dead? on: December 28, 2019, 11:50:42 AM
There was a rapid growth in bitcoin price in last 2-3 months when it was announced Facebook is going to launch its own coin, called libra coin,
Now its already in cold store, due to US and EU agencies interference.

I saw in coin market cap, its only general information about libra coin, but no technical data is available yet.

Neither, it is stuck in a suspended animation, or limbo if you please. Marky Mark and the Facebook bunch took the right approach by going ahead into Congress first in order to get approval instead of just shooting for the stars and launching right out of the gate, which would be a sure way to see a disaster. I think after more regulatory guidance is issued and once Congress has a better grasp at the far extending reach cryptocurrency could provide, they might soften up and give old Mark Zuckerberg the green light to go ahead and launch his platform.
199  Bitcoin / Bitcoin Discussion / Re: Bitcoin cannot be decentralized if the Internet is centralized on: December 28, 2019, 11:20:50 AM
Satoshi's invention of a revolutionary form of money that would give people control over their funds back in 2009 (Bitcoin), turned out to be a success. While the cryptocurrency's PoW consensus is partially centralized (mostly dominated by the Chinese), it has a wide distribution of nodes all across the globe. Theoretically speaking, Bitcoin is decentralized where anyone can set up a node to support the Blockchain. With enough capital, it's possible to secure Bitcoin in our homes with sophisticated ASIC machines too.

So far, many people believe that Bitcoin is truly decentralized as "no one" controls it. But the harsh reality is that every single cryptocurrency and Blockchain network depends on the Internet to survive. It's no secret that in today's world, big companies like Google, Facebook, and even Amazon control the Internet. On the other hand, ISPs (Internet Service Providers) have a final say over what people can view or host using the Internet. This means that Internet is centralized, greatly defeating the purpose of Bitcoin and other cryptocurrencies of eliminating the middleman.

For Bitcoin to be truly decentralized, the Internet needs to be decentralized first. Once that's done, you could expect to achieve financial freedom that's out of the scope of oppressive governments, central banks, and large corporations alike. Until then, Bitcoin and all other cryptocurrencies will be subject to the risks of the Internet's centralization for years to come.

What are your thoughts? Huh

I think people are putting way to much emphasis on Bitcoin itself instead of the Blockchain. Satoshi Nakamoto made the Bitcoin and Blockchain source code open source. So most likely Satoshi knew Bitcoin was flawed, hence making the project public in hope's of people contributing to where he left off. As we speak, other projects are being developed that blow Bitcoin and it's current blockchain out of the water. I don't think Bitcoin was designed to be permanent but instead it was just a proof of concept demonstrating the use of Blockchain and what could potentially be a new form of digital currency.
  Instead people took Bitcoin and Blockchain and ran with it. I doubt Bitcoin makes the long run, I see Bitcoin as the archetype and prototype for future cryptocurrencies and blockchains, being made after Bitcoins likeness and image.
Delegated proof of stake and sharding seem like a more efficient and viable choice at the moment, but eventually even these methods will be replaced by better ideas as I am sure Satoshi envisioned.
200  Bitcoin / Bitcoin Discussion / Re: Did Satoshi think that quantum computers will exist? on: December 28, 2019, 11:01:10 AM
Satoshi has mined the most coins.
In 2010 they were talking about lost coins and Satoshi said

Quote
Think of it as a donation to everyone.
https://bitcointalk.org/index.php?topic=198.0

1. He thought the coins are lost forever and we have a lot of 'shalecoins' https://bitcointalk.org/index.php?topic=5134441.0 and they will become active one day

or

2. Satoshi created the greatest prize competition and the privatekeys are somehow within the blockchain. https://bitcointalk.org/index.php?topic=5150688.0



1. Yes, with quantum computers they would become active. Did Satoshi think that quantum computers will exist?
Quantum computers are a long ways away from becoming general purpose computers. As of right now, quantum computers are highly limited to only being able to perform specific kinds of calculations and tasks. There is no threat stemming from quantum computers at the moment and there won't be for quite some time now.
   I would worry if quantum computers became commercially available like smartphones, then there would probably be room for panic to ensue. I believe that people have been watching way too many science fiction movies.  Grin
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