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1  Bitcoin / Bitcoin Discussion / Re: Why did you miss Bitcoin? on: August 21, 2021, 07:58:20 AM
In my opinion, having wealth too early is not necessarily a good thing for the growth of young people.

He is still young and misses wealth. Isn't it a kind of wealth?

Some people will regret the missed opportunity, but I think such an experience is an intangible asset for him. It is not money, but cognition that can really achieve the class transition.
2  Bitcoin / Bitcoin Discussion / Re: South African Man Loses $900,000 Worth Of BTC After Accidentally Deleting Keys on: August 21, 2021, 07:33:27 AM
He can find a "crypto hunter"  to try his luck.
https://www.wsj.com/articles/a-fifth-of-all-bitcoin-is-missing-these-crypto-hunters-can-help-1530798731
3  Bitcoin / Bitcoin Discussion / Re: Does Bitcoin have copyright? on: August 19, 2021, 09:16:00 AM
Bitcoin itself is not copyrighted. You can do it. I think all the friends in the Forum will support you. Good luck  Grin
4  Bitcoin / Bitcoin Discussion / Re: Bitcoin ban, mission impossible on: August 19, 2021, 09:11:31 AM
There has been no prohibition for more than a decade, and it would be a good ‘wise’government to waste time trying to figure out how. What the government should be thinking about right now is coexistence, integration.
5  Bitcoin / Bitcoin Discussion / Re: Bitcoin Youtube Scam? on: August 18, 2021, 09:37:35 AM
If you make money, will you have time to bring other strangers to make money? Anyway, I won't. At least I won’t advertise that I’m making money



6  Other / Beginners & Help / Re: 3 types of Newbies on: August 17, 2021, 08:37:50 AM
There are 3 types of Newbies here in forum.

2. Newbie in this forum but there's an experience on bitcoin for how many years- there are few Newbies here in forum that have already knowledge about bitcoin but they newly saw this Site. Thats why we have new member here in Forum share their Ideas and knowledge to us. But in the forum they are currently studying and familiarize what is forum all about.


I belong to the second kind of newbie. I learned about Bitcoin and traded for a while before I came to the forum to communicate.

The original purpose of coming to the forum was to learn more about Bitcoin, not just to trade it. This forum grew up with Bitcoin, so here I am. Fortunately, I met with the help of many enthusiastic veteran legends.
7  Bitcoin / Bitcoin Discussion / Re: Why did Satoshi Nakamoto name the first block of Bitcoin Genesis Block? on: August 17, 2021, 08:20:38 AM
In theory, the first block of every blockchain project can be called a creation block, the first block mined by Bitcoin is called a creation block, and the first block mined by Ethereum A block is also a genesis block.

Genesis-God used his own ability to create all things, and then he has the present world.

This is of course a mythical story, but later, people continued to use the concept of "Genesis" to describe an unprecedented pioneer.

Then, according to this logic, the meaning of the genesis block refers to the first block in history.
8  Bitcoin / Bitcoin Discussion / Re: Is there merit to a fixed supply increase rather than fixed supply cap? on: August 16, 2021, 09:21:51 AM
Most of the responses in this thread seem to boil down to "that's how it was from the start, so that's how it should be". I'm keen to understand why it was like this from the start. Did Satoshi (and other developers) not consider the impacts of lost coins and population growth? Did they feel that we should incentivise saving more than investment? Did they feel that the fixed 21m approach doesn't in fact incentivise saving more than investment? Has there been any meaningful discussion by the developers about the implications of the various options apart from "this is just the way it is"?

Someone said: "Although the supply of Bitcoin is constant, the population is growing. As more and more people start to join the buying ranks, the rigid money supply will lead to deflationary pressure."

This is the wrong idea of ​​not understanding the status quo. With the continuous improvement of the level of social and economic development and the level of education, the aging of the population will become more and more serious, which is caused by the decline in population growth. At present, some regions, especially developed countries, have seen negative population growth. In fact, our second-child policy was proposed in response to the slowdown in population growth. With the increase in the degree of industrialization in areas with the highest level of population growth (poor or underdeveloped), this downward pressure will continue.
9  Other / Beginners & Help / Re: HELP for MEW wallet on android on: August 14, 2021, 06:53:18 AM
I am sorry to tell you that if you have neither the private key nor the seed phrase, you will not be able to retrieve it.
This incident reminded me that I checked my backup again because the wallet has a lot of assets.
10  Bitcoin / Bitcoin Discussion / Re: What factors can affect the value of Bitcoin? on: August 14, 2021, 06:40:31 AM
On the one hand, the value of Bitcoin comes from the resources and labor invested by objective people, such as computing power, applications, etc.; the value of Bitcoin also comes from people's subjective identification. At least there are already a group of people in the world who recognize the value of Bitcoin and are willing to pay their own price to obtain it, or simply invest in its world.
11  Other / Meta / Re: What do you think of the Bitcoin Discussion section? Does he need to change? on: August 13, 2021, 11:00:42 AM
In the beginning, I would only be active in the  Bitcoin Discussion section. At first I only read, and then I tried to reply to the post, and now I can publish my own post.

I have a habit of not searching for old posts, but only looking at the latest replies that are displayed.
Recently, I found that the topic of the new forum posts is similar, but the title is different. Will they be locked? Decide by quality or by the order of publication?
12  Bitcoin / Bitcoin Discussion / Re: The ideology of Bitcoin on: August 13, 2021, 10:35:04 AM
So bitcoin will remain if there is demand that will push the price to go higher.
Does the price really need to go that high for it to remain?
I believe it's a talk of volume as the price is somewhat ok within the range of $40k to $60k. If the price rises so high above $100k, it might scare many who will think it's too late away.

The price rises as more and more people recognize it, and it will be higher in the future.In the future, satoshis will be used as the unit, so it seems that the price will be'not high'.

13  Bitcoin / Bitcoin Discussion / Re: Bitcoin are not by nature money, but money consists by its nature of bitcoin? on: August 13, 2021, 09:32:19 AM

5.Does Bitcoin have its intrinsic value? Except for the energy and equipment required for mining to give it a certain value, there is no value that ordinary people understand. Such as: a vase made of gold can be stored for a long time, so gold is very valuable.


If you want to discuss the intrinsic value of Bitcoin, check out BlackHatCoiner’s post,https://bitcointalk.org/index.php?topic=5354190.0.

Credit currency is supported by credit, not gold. The gold standard was shattered after the Bretton Woods system. At present, the mainstream currency in circulation in the world is not backed by gold.

14  Other / Beginners & Help / Re: When Decentralized in DeFi has a Single Point of Failure on: August 13, 2021, 09:07:27 AM
For me, the current fees for DeFi participation are expensive, and I hate risks. Perhaps it is a good choice to wait until the underlying technology is perfect and DeFi matures before participating.
15  Other / Beginners & Help / Re: Questions about lottery on: August 13, 2021, 08:00:45 AM
i know crypto lottery on pancakebunny, pancakeswap and moonpot by beefy you can check them out i tried moonpot its actually win win lottery sytem so you will not lose your money when your not the winner  Grin using chainlink vrf maybe this was fair enough

I played a lottery game on pancake, and the last trader was the winner. Without a doubt, I lost again.
16  Bitcoin / Bitcoin Discussion / Re: What is Bit Civilization? on: August 11, 2021, 09:02:09 AM
“Every civilization sees itself as the center of the world and writes its history as the central drama of human history.”

― Samuel P. Huntington, The Clash of Civilizations and the Remaking of World Order

We are in the era of Bitcoin, and perhaps it is not possible to conclude that Bitcoin has developed into a civilization.
17  Other / Beginners & Help / Re: Questions about lottery on: August 09, 2021, 06:44:28 AM
The winning numbers of traditional lottery tickets are generated by lottery machines. Whether it can truly guarantee the randomness has been questioned. If blockchain technology is used to make lottery tickets, can randomness be controlled?
Not exactly. Using blockchain will only provide transparency while the method that is used will remain the same as if blockchain weren't used and the randomness or better said the provably fair system is only fair if the used method was was fair.

For example the current existing method that gambling sites use for their lottery (usually using HMACSHA512 in combination with user and server seeds) could be translated to a smart contract but that wouldn't provide any additional security or anything like that. It could only automate things and possibly (if done right) make the lottery more decentralized.
You got the point. If I have merit, I will definitely give it to you. Even if blockchain technology is applied to gambling, the organizer still has the opportunity to fake it, right?
18  Other / Beginners & Help / Re: Introduce Bitcoin in one sentence on: August 09, 2021, 01:40:45 AM

 I can't help but say this,

Say what? You haven't actually said anything other than sharing a link to a very old thread.

If you don't believe me or don't get it, I don't have time to try to convince you, sorry.
Didn't you see this sentence? What a classic sentence.
Don't you know this?
19  Other / Beginners & Help / Re: Questions about lottery on: August 09, 2021, 01:35:06 AM
The winning numbers of traditional lottery tickets are generated by lottery machines. Whether it can truly guarantee the randomness has been questioned. If blockchain technology is used to make lottery tickets, can randomness be controlled?


PS: Someone used mathematical methods to calculate for a day and picked a few numbers to win the second prize. I am not good at math, can I really increase my chances of winning through calculations?

No. If you can "cheat" the code to increase your chances, it is a bad code with poor randomness

[/quote]

No, you misunderstood me. What I mean is that without intervention in smart contracts, the chance of winning is increased by mathematical methods.Choose 5 numbers from 1-45.
20  Other / Beginners & Help / Questions about lottery on: August 08, 2021, 05:49:38 PM
I bought two lottery tickets with curiosity today.

The current mainstream lotto-type lottery, that is, a number of numbers are selected from a set of numbers, and the prizes are paid according to the number of selected grades. Lotto-type lottery business also has some problems in the development process, the more typical one is the trust problem.

Because the winning number selection machine is provided by the lottery agency, it is not known whether the machine is really randomly selected; on the other hand, the time and amount of the lottery ticket purchase by the lottery are only known when the lottery ticket is won; the identity of the final winner is also confidential . This opacity leads to society’s distrust of the lottery center. Lottery players have every reason to suspect that the lottery center controls the lottery numbers and winners. This kind of distrust will seriously affect the lottery’s enthusiasm for buying lottery tickets.
In the past, news reports have reported falsifying institutional data and hacking systems to gain profits.

I am thinking that blockchain technology can solve these problems.
The lottery function is mainly to calculate the winning result according to the lottery information and betting information on the chain by calling the smart contract and store it on the chain. Through the openness, independence, security, and non-tamperability of the blockchain, the entire lottery function ensures that the lottery process and winning results are more fair, just, open, and transparent on the chain through smart contracts.
I checked the information online and found that someone had already done a lottery case.lottery case
I don't understand the code, and I don't know what loopholes are.

The winning numbers of traditional lottery tickets are generated by lottery machines. Whether it can truly guarantee the randomness has been questioned. If blockchain technology is used to make lottery tickets, can randomness be controlled?

PS: Someone used mathematical methods to calculate for a day and picked a few numbers to win the second prize. I am not good at math, can I really increase my chances of winning through calculations?
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