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Other / Off-topic / Re: Everybody WILL hear the letters BTC.
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on: September 09, 2023, 03:25:08 PM
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I understand your enthusiasm for Bitcoin but since the abbreviation never meant anything related to Bitcoin in it's meaning then it won't have a positive impact on BTC . this is because if someone eventually asks a person in that locality what the abbreviation meant they would likely give you the intended meaning without making mention of Bitcoin.
It will also take more than putting BTC signs on cars to make people understand Bitcoin
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10
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Bitcoin / Bitcoin Discussion / What if salaries were paid in BTC
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on: July 25, 2023, 07:22:48 PM
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A friend of mine in our discussion today about Bitcoin was insisting that salaries and wages be paid in Bitcoin in some countries.
I was of the opinion that the government will not allow fiat to be replaced by Bitcoin .so what is your take on this will it be a positive move on the Bitcoin ecosystem or not
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11
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Bitcoin / Bitcoin Discussion / Re: SCAM or not ?
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on: July 25, 2023, 06:50:51 PM
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If you had IQ above 50, you would realize while typing this post out that it was an obvious scam. So you didn't thought this was a scam, that proves your IQ is way below 50.
In that case, let me tell you that it's a scam. I hope this is the answer you were looking for. Have a good day.
I understand that you are trying to give your idea about op's post I also recognize the internet is all about free speech but try to censor your post and make your choice of words wisely I believe if a more established member had said this your reply would be different and quiet censored so try to treat all members equally when addressing them.please try not to sound offensive when addressing someone that is my point |
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12
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Bitcoin / Bitcoin Discussion / Re: About the analysis of the US Pension Plan
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on: July 25, 2023, 05:05:32 PM
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Nice post op but from your subject and write up I believe this post should be In the off topic section and I insist as a newbie you rather spend more time reading quality posts and understanding the forum better than making these post you can check the beginner and help section for more information
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13
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Bitcoin / Bitcoin Discussion / Don't be intimidated
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on: June 30, 2023, 08:20:20 PM
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Dear newbies pls don't rush into making Bitcoin investments like selling a property very valuable to you just to impress on the forum or putting in your entire savings to purchasing Bitcoin I am not against making Bitcoin investments but
Before making Bitcoin investments always make sure the odds are safe for you like some members here will say "" make investments that will not affect you" in other words make investments with free money except you have more profiting ideas than hodling
I am sure this is what other investors here do
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14
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Other / Meta / Offensive words on the forum
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on: June 13, 2023, 10:16:09 AM
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Every person is right in his own opinion so do not use offensive words on others who make a post but rather convince them to understanding why their opinion is wrong Some members of this forum do this alot Like saying a person's post is nonsense or is of no use like this post made by a newbie with SOKO- DEKE saying it is nonsense https://bitcointalk.org/index.php?topic=5454681.0Please let us be more polite when making post or replying posts |
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15
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Bitcoin / Bitcoin Discussion / Re: Changes in bitcoin usecase effects how people understand bitcoin
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on: April 23, 2023, 08:15:16 AM
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I've been reading through the story inside the book " Tracers in the dark" and found on twitter that the Author was a forbes writer and once published, in 2011, an article about the future of bitcoin at 1$ . He had good views about bitcoin and his statements were right. Fast forward to 2020, his perspective about bitcoin has changed due to the usage of bitcoin, which people thought was untraceable and how it's now a vehicle to track down illegal business and child trafficking businesses, who use bitcoin to receive payments. In his story, I found some terms, peel chain which I didn't know, and found out it's a means of laundering cryptocurrency, and how chainanalysis reactor was able to trace people through the blockchain. Initially before the dark web started utilizing bitcoin for illicit activities Andy Greenberg a wired blog writer, believed in bitcoin and passed down reasonable articles about bitcoin when he was with Forbes, when the use case began to change he didn't hesitate to tell the world the bad aspect of bitcoin and the amount of crimes lords or businesses that adopted bitcoin believing that it's untraceable. Two sides to every story and my response to his stories In a side he writes to unveil to the world how shallow the anonymity of bitcoin is, and the fact it's a bad actor to the society as people use bitcoin to commit crimes. On a second flip, if these illegal businesses are being tracked down with the help of blockchain network, why the blame on bitcoin? people who read his books may not use bitcoin because its usage, dark side, can scare them away. And as we all know, crime stories go longer ways in sales. Isn't every money likely to be used by crime lords? he claims that the fiat transaction can easily make things easier for the Government to track down illicit businesses. A lot of things are being used to commit crime including the internet, cars, guns, bitcoin etc. Yet, the case of bitcoin is stressed a lot, is it because it's new or something else is attached to it? In conclusion, Crime is bad and people will always frown at whatever tool that helps or facilitates crime. A lot of people like this writer now think evil of bitcoin especially his readers and they forget easily the good use cases of bitcoin like he said in 2011 post.  Photo from twitterYes, modifications to Bitcoin's use case may affect how people think about and interpret the digital currency. From being initially a peer-to-peer electronic cash system, Bitcoin has developed into a store of wealth and an inflation hedge. People's perceptions of Bitcoin and its potential as an investment have been altered by these changes in use cases. When Bitcoin originally appeared, it was viewed as a mechanism to transmit money rapidly and cheaply across borders without the use of middlemen like banks. However, as the network expanded and transaction costs rose, the primary use case for Bitcoin shifted to becoming a store of value. In its role as a store of value, Bitcoin is regarded as a safeguard against inflation and a safe haven asset that may preserve wealth in times of economic unpredictability. |
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16
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Bitcoin / Bitcoin Discussion / The Future of Bitcoin: Unlocking the Potential of Decentralized Finance
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on: April 23, 2023, 08:01:28 AM
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Greetings to all.
I'm eager to discuss Bitcoin's potential to transform the decentralized finance (DeFi) industry with you today. As you are all aware, Bitcoin was created in 2009 as a decentralized digital currency. Since then, it has developed into the most widely used cryptocurrency in the world, with a market cap of over $1 trillion.
Although the primary use of Bitcoin has been as a speculative asset or a store of wealth, its underlying technology, the blockchain, has the potential to completely change a variety of industries, including finance. The growth of DeFi in particular has created new opportunities for developing decentralized financial applications that are open, safe, and available to anybody with an internet connection.
What what is DeFi, and how can Bitcoin use it?
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17
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Bitcoin / Bitcoin Discussion / Keep hodling your Bitcoin
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on: April 22, 2023, 09:20:17 PM
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Most recent posts on this forum such as https://bitcointalk.org/index.php?topic=5449800.0Seems more like few persons are scared that they may loss to their Bitcoin hodlings due to the recent drops in price of Bitcoin This is very understandable but as a Bitcoin investor you should know that with the series of price changes Bitcoin has encountered over the years we can say that it rises in value more than it drops . Therefore I want to urge all my fellow bitcointalkers to not lose interest in holding because of these little drops in price keep holding your Bitcoin .It will definitely boom soon |
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18
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Bitcoin / Bitcoin Discussion / Re: are you still strong holding btc
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on: April 10, 2023, 08:40:36 PM
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I want to ask if you also keep holding btc?
This question depends on your reason for engaging in Bitcoin transaction If you are an investor you should definitely hold your Bitcoin as it is valued higher over longer periods of time unlike someone who buys Bitcoin for just Normal daily transactions you would not expect to hold their Bitcoin. |
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Bitcoin / Bitcoin Discussion / Bitcoin and dollar
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on: April 10, 2023, 08:33:00 PM
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Most crypto currencies are valued using dollar including Bitcoin .Does this mean that fluctuations in the price of dollar will affect the price of Bitcoin directly or indirectly.since most other currencies(not crypto) still are priced using dollar expecially during exchange.
Or does the pricing of dollar value have no effect on Bitcoin
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20
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Bitcoin / Bitcoin Discussion / Can Bitcoin cover total liquidity
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on: April 09, 2023, 10:40:29 PM
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According to my knowledge from a research article of which I got from a reliable source I understood that the amount of Bitcoin which is in circulation is far less than the total money available in circulation.also the Bitcoin ecosystem is not large enough to cover liquidity properly Since mining is not promisingly efficient how will enough Bitcoin get into circulation? Such that everyone has enough Bitcoins to cover their net worth
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