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1  Bitcoin / Bitcoin Discussion / Re: What can we do to speed up Bitcoin mass adoption? on: April 17, 2022, 10:58:37 PM
maybe bitcoin really needs a strategy or an advertisement to be able to introduce bitcoin to the wider community...

I think Central Banks are the best advertisement for Bitcoin that there can ever be. But it works only on educated people who understand how toxic their policy is. So education is the key. And care. About not only ourself but from the rest of the people on this planet too.
2  Bitcoin / Bitcoin Discussion / Re: Bitcoin has no intrinsic value on: April 17, 2022, 10:54:37 PM
Bitcoin generates profit purely from speculative trading.

This is BS. Bitcoin generates profit from supply and demand. And "speculative trading" is not the main use of Bitcoin. Sure some people use it that way too but it is ALSO used as a currency and savings account. Look Africa. These examples prove your "purely speculative trading" claim very wrong.
https://youtu.be/qvwqoYSani0
3  Economy / Speculation / Re: Btc price moving too much on: April 17, 2022, 01:59:59 PM
I really want to know why bitcoin is losing it value? If bitcoin is decentralized currency then why is it that bitcoin can not be stabilized? I believed everyone is going to Bitcoin because the currency is higher than others in the crypto space. I don't believe that bitcoin will crashed but my fear is that if bitcoin is devalued it will reduce the users.

Therefore, I am urging the Directors, Managers, Moderators and others to make sure that the price of bitcoin should roar, and not decrease anymore.

You sir have not understood Bitcoin enough yet. Bitcoin is valuable because there are no any kind of central governance that can affect its price like you hope by stablizing it or making it roar. Bitcoin's price will continue to go up and down a lot because it is valued only by supply and demand. And the demand is not every minute or every day the same. This is completely fine because it is honest. Greed of central bankers would just ruin it just like they ruin the fiat currencies by printing more to the groups they seem appropriate and the rest of us are stuck with devaluating fiat.

Decentralization means that it is not ran by any central group, it is ran by everyone who wants to help run the system. Nodes, miners, owners.

Stop worrying about short term price. It is volatile because Bitcoin is still very young asset. Volatility will propably get smaller when it matures and grows more. In long term you can see how Bitcoin is gaining more and more users, which means more and more demand, so the long term price will keep going up. Zoom out the chart to see proof.

If you want money that some directors and managers can control, there is 100% certainty that they will some day start to use it to their benefit, not yours.

Education is the key so keep learning.
4  Bitcoin / Bitcoin Discussion / Re: What can we do to speed up Bitcoin mass adoption? on: April 17, 2022, 12:05:57 PM
I am now conceptualize our small business into helping Bitcoin adoptions on how? that is offering Bitcoin as accepting payments from our costumers , I even plan to accept altcoins  Grin

and also i am no  actively luring my friends and family members to invest in crypto in their choices , this is our part to extend our engagement to others and let them learn the benefits of crypto .

Accepting altcoins and luring friends and family to invest in crypto (not bitcoin) is stupid road. There is huge difference between Bitcoin and other cryptos so I would not recommend that way of shitcoins. People will get mad at you someday for recommending anything else than the safe Bitcoin.
5  Bitcoin / Bitcoin Discussion / Re: What can we do to speed up Bitcoin mass adoption? on: April 17, 2022, 11:46:09 AM
People needs to be educated on how our current monetary policy is bad. Education is the key. They don't like it that price of everything is constantly going up faster than they get pay rise. They just don't know the reason for that.

They need to learn that it has been never worked in history of human kind when we give exclusive rights to print more money to some bankers or gevernments. Money needs to be separated from the state. Bitcoin is the solution for this. Running on fair rules which everybody can verify and not giving any benefits for rich or well connected people.

Human greed will always be there. So as long as the money policy is 100% on the hands of few, the human greed will make them to use that power to enrich themselves and their cronies, and not to benefit the whole human kind.

Education is the key.
6  Economy / Speculation / Re: Btc price moving too much on: April 17, 2022, 11:39:20 AM

or just fucking leave it behind as another failure. I am not ever going to adaptto a money system that crashes 7 out of 8 days



Then why is the price not zero already if it crashes "all the time" like you lie?
Dude, you keep crying about constant crashing in many topics here while in long term Bitcoin has been growing in value and keeps growing in value, because of supply and demand. Go get a hobby. Talking about money is not clearly not your thing.
7  Bitcoin / Bitcoin Discussion / Re: Bitcoin, a possible replacement for credit cards on: April 17, 2022, 11:33:58 AM
I personally consider bitcoin as investment option instead of a payment method but in some cases, this can be a good payment method for the people who prefer using and paying with bitcoin instead of credit cards.

In western countries, we prefer Bitcoin more as an investment or savings account, because we usually have more or less stable currency and government. Even though the old currency loses its value "slowly" all the time.
But in less developed countries in Africa, South America etc. the use case is more about replacing the worse local currency. To escape the bad policy of authoritarian dictator and so on. When you can't trust the local government, then you simply want currency in chich you don't need to trust anyone.

This video talks about 3 cases in Africa: https://youtu.be/qvwqoYSani0

My point is, how we use Bitcoin differs because of what kind of society we live on. And beauty of Bitcoin is that it has benefits for everyone of us, not matter what our local society is.
8  Bitcoin / Bitcoin Discussion / Re: Bitcoin has no intrinsic value on: April 17, 2022, 11:08:54 AM

Your concerns are well grounded however. Bitcoin may indeed evaporate tomorrow without leaving a trace. It is written (or used to be, haven't checked the domain for a while) on the bitcoin.org website. It is experimental tech which nobody knows how it is going to end up.

Just because stocks went up higher during the last decade you don't invest 100% into stocks. You diversify.

1. Bitcoin is not experimental. It has been around 13 years, it runs on open source code which means that anyone can check the code and verify how it operates. Every single line of code. So there is zero question marks about how it operates and on what rules it operates. Also, it does not operate on any website. It operates on those thousands of machines that keep up the one and only Bitcoin blockchain.

2.1. Bitcoin could evaporate? No. Bitcoin runs on thousands of miners and nodes around the world. To be able to disappear, all these machines would need to be destroyed and people running them to be killed. Or else we can just run it on new machines. So this evaporating is kind of impossible to achieve.

2.2 If you mean by evaporating that it's price could go to zero tomorrow, again you need to think more about what would need to happen for that to become reality. Bitcoins price comes from supply and demand. And as long as there is demand (buyers) the price cannot go to zero. So price to go to zero there would need to be suddenly ZERO people in the whole planet who wants to buy Bitcoin. How would that happen? Only way would be if something better money gets invented and we have nothing better in the world at the moment. And even if we invent something better in lets say 200 years, it would be slow transition taking years from older monetary system to the new one. Just like it takes years now to move from fiat standard to Bitcoin standard.
9  Bitcoin / Bitcoin Discussion / Re: When and how did you discover Bitcoin? on: April 10, 2022, 08:31:46 PM
Don't remember the years but first heard about it online when it was only some cents or dollars. Next time heard about it when it was 300 USD and I remember thinking first time if I should buy it but was too afraid "because it had gone up so much recently". Checked it few times during the following  years and felt the same way. Then 2020 read about news that Paypal is thinking about adapting Bitcoin to its wallet and understood that if they do that, it will make Bitcoins price grow so I bought my first sats and started to learn about it. Following months BTC rose quickly so kept buying more, kept educating myself more about it and nowdays I am all in and working in a company which accepts Bitcoin as a payment.
10  Bitcoin / Bitcoin Discussion / Re: Where to store your keys? on: April 10, 2022, 01:35:02 PM

Seriously, I would not rely solely on a bank's safety deposit box. What if there is an earthquake or some other natural or man-made disaster and the contents of the safety deposit box are inaccessible? A safety deposit box is not as safe as people think, but having seed in a second location is always a good idea.


Agreed, but I feel the bank is more secure location than my own home. With earthquake, fire and flood. I have to learn more anyways about banks policy about is there any chance for their employee to gain access to the box without me.
11  Bitcoin / Bitcoin Discussion / Re: Let's play: "Pretend to be Satoshi!" on: April 09, 2022, 05:30:36 PM

Q: Why did you disappear in 2011? What have you done for the past decade?

SN: I was not needed anymore. Code was created and there was enough support from many other coders to improve the original code as well as big enough understanding that the key aspects of Bitcoin should not be changed as they are fine as they are.
I am now in better place. Not feeling the pain anymore.
12  Bitcoin / Bitcoin Discussion / Re: Jack Mallers’ Strike Announces Shopify Integration for Bitcoin Lightning Payment on: April 09, 2022, 12:11:03 PM
But what Strike gets from this then if the merchant receives the totality of the transaction? Do they sell a license for using the software?

Someone has to put liquidity to be able to do those conversions, and I guess that's not for free...


Propably Strike takes monthly fee from a store that wants to integrate their system. Store pays 49-99 USD per month and saves the 3% fee from old system fees. Profit.
13  Bitcoin / Bitcoin Discussion / Re: Bitcoin 2022 Conference on: April 09, 2022, 12:09:05 PM
I guess the most significant thing to come out of this was the Shopify integration thing? Because that would make use of the bitcoin lightning network to allow fees ~0% rather than the ~3% in case of Visa. And people don't even have to deal with BTC if they don't want to, retailers can chose to settle payments in any currency they want, it just gets converted to BTC and then fiat.

So no need to worry about volatility too. I didn't find the rest of the stuff that interesting. Only the above might cause an increase in exposure of BTC in the short-mid term imo.

Yes. But not only the Shopify integration but integration to brick and mortar stores via Poin of Sale payment terminals too.
14  Bitcoin / Bitcoin Discussion / Re: Proposals for global shutdown of crypto on: April 08, 2022, 04:09:43 PM
this is what you get buying from ath, but don't despair because good times are coming.  Grin

More like, this is what you get buying meth  Grin
15  Bitcoin / Bitcoin Discussion / Re: How do you feel if satoshi back on: April 08, 2022, 12:44:09 PM
He will not come back. Ever. He understood it from the beginning how revolutionary technology this is and how mad the old elite will be when Bitcoin takes away their power and exclusive right for money printing, so being a public figure would just paint a target on his back.
Source: He planned to be anonymous from the first email and forum post he/she wrote.
16  Bitcoin / Bitcoin Discussion / Re: Proposals for global shutdown of crypto on: April 08, 2022, 12:18:54 PM

nigger you had nothing to do with bitcoin but ripping people off ith fortunejack. You are the scum that all of humanity need to stop. Johnny fuckhead calling people scared of bitcoin. No one is scared of bitcoin, Im here to kill motherfucking cumfuck criminals who spread suffering. Die motherfucker

Dude. You are not going to kill anything and anyone. Stop acting tough on internet. It is pathetic. Cheesy
Go do something with your life instead of crying over the internet about new innovations and using racistic slurs.
17  Bitcoin / Bitcoin Discussion / Re: Where to store your keys? on: April 08, 2022, 12:09:35 PM
How do you guys feel about putting the seed phrase into bank safety deposit box inside their vault? My local banks boxes need 2 keys. One is in the hands of bank, one would be with me. And if I suddenly die, they would tell my kid that I had box there and my kid would have access to that. So it would prevent the loss of phrases in case of sudden death.
18  Bitcoin / Bitcoin Discussion / Re: Proposals for global shutdown of crypto on: April 08, 2022, 11:49:34 AM


I dont blame bitcoin or any digital asset. I am not anti bitcoin. Bitcoin did not devastate my life.I understand this site is the heart of hardcore dedicated followers. I am here to kill evil. If bitcoins crashing spreads suffering I have an obligation to my fellow humans to adress that problem

Dude. You are not here to kill anything. Everyone knows thats impossible. It can't be killed. Only way to "kill" the demand for it is if something better comes along. Then it can be replaced. But because it is the best and most fair money we have at the moment, the demand for it will only increase. Accept it.

Money is volatile. Life is volatile. Accept it. You can't make the world flat and numb so do yourself a favor and stop trying to do impossible things. It is not good for your mental health to stay in that toxic mindset with all that hatred.

Just accept the fact that there is nothing you can do to "kill" Bitcoin. Focus on making your own life happier and for those around you too. Growth of Bitcoin does not need to be endless source of misery for you. You can choose happier things for yourself.

EDIT: This idea of yours that volatility of a known volatile asset somehow makes people suffer is not true. People take risks. If you invest your money on something, you better learn what it is. How it operats. What are the risks. If you fail to do that, you can blame only yourself. Not the asset. Be more educated next time you put your mind and energy on somethig if the last time you made bad decisions. Stupid people does stupid decisions with their money. (Not meant personally for you)
19  Bitcoin / Bitcoin Discussion / Re: Proposals for global shutdown of crypto on: April 08, 2022, 11:19:44 AM


im not blaming anyone. Im not after miners. I am discussing social responsibility and the explicit purpose of bitcoin beieing built as a better replacement for the jewish central banking system that destroys nations. If bitcoin is causing the same devstation as the jewish criminal central banks. we have to shut it down, and try again.

1. You don't understand how Bitcoin works as an decentralized asset. You would need to go after miners to shutdown Bitcoin. You would need to kill the intener from every last piece of miners and nodes around the world to shutdown Bitcoin and you are not able to do that. Even the most powerful governments in the world are not able to do that. Bitcoin is in the hands of people. Not the governments.

2. Bitcoin being volatile just like every other new asset class when they are new, young and therefor in "price discovery" phase, is not a sign of anything bad. It is completely normal for the price to make big changes during the growth of that asset. You keep claiming that Bitcoin all the time crashes. Then why it is not valued zero but over 40K? Because it is not only crashing but growing. Have you seen the chart? Zoom out.

3. I think you have some mental problems. Maybe because of loss of loved ones. Or maybe you are just not a nice person when you blame digital asset for the misery in your life. I don't know you so I don't know. All I see is one less educated person about Bitcoin who tries to fight the progress of the world. Same as horse carriage people fought the automobiles, envelope companies tried to fight email etc. Progress always wins and Bitcoin is great progress for human kind on matter or money. More fair, more equal, finally truly limited in total amount of money and finally not in the hands of any central party like central bank or government. The power to create more and more money must be separated from the hands of central powers and governments and Bitcoin solves that. You are just mad when seeing other people make progress in their lives with new, better asset.
20  Bitcoin / Bitcoin Discussion / Re: 19M Bitcoins are mined but did you know about the last Bitcoin mined? on: April 08, 2022, 12:08:42 AM

I was just thinking about the time when all BTC will be mined. I know we all won't live at that time but I'm wondering... If the fees should cover the cost of mining, won't they be too high?

Too high for buying cup of coffee? Maybe. But you need to think also how worthless everything will be in 2140 in fiat money. 120 years of more endless inflation IF the fiat even survives that long.

But to answer your question: Smaller purchases will be made in Layer 2 tech like Lightning network and those payments will be "saved" in the Layer 1 blockchain only at the end of a day or a week. So it is not a problem.
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