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1  Economy / Economics / Re: considering the advantage of Fiats over Cryptocurrencies on: April 07, 2024, 08:56:14 PM
The advantage fiat has over crypto is usability, most elderly persons and illiterates will have difficulty in interacting with crypto and securing their wallets.

A very key point you just mentioned, which the opposite term should probably be acceptability. Definitely, everyone can use the US dollar, but it would now depend on who chooses to accept it. The fiat of a particular country is acceptable in every part of that country but might not be accepted in other countries except with the intervention of the bank were exchange is been made.

People will accept Bitcoin but they also cannot leave fiat currency because that is used for purchasing daily objects. I think that both have its own importance and we cannot ignore the importance of any of these but we have to take advantage of both according to its uses.

Both of them are quite unique in their own way. Bitcoin gains value by accumulating in price but fiat doesn't.
2  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin Still Dead? on: April 07, 2024, 08:40:45 PM
Whenever I see this type of topics which are common after a bullrun correction, I get reminded of the bitcoin obituaries topic by 99bitcoins. Here in the link in case the newer users are not aware of the site:

https://99bitcoins.com/bitcoin-obituaries/

Bitcoin is definitely suitable as a means of payment. Volatility of price rarely affects the numerical value of the article in BTC, you can do the math yourself and see. But the number of merchants accepting crypto may not be that decent to be proud of, but we are improving on that.

As long as people use bitcoin, it is anything but dead. On the contrary, many altcoins are actually dead.

I literally don't believe my eyes right now. Do platforms that mock Bitcoin really exist? Because all I could find on the link (99bitcoins.com) you sent is completely odd.

I literally don't understand what the writer of that article meant by "Bitcoin has failed", going to the extent of mentioning different events that have occurred over the years.

Some people don't understand what it means to fail. Bitcoin has passed through series of tests over the years, including manipulations, but it still stood tall.

In the area of payment, Bitcoin is definitely suitable, especially for high-cost items. But most people would prefer to use alternatives rather than spending their Bitcoin due to its value and potential future profit.

And thanks for providing that link for new users.
3  Bitcoin / Bitcoin Discussion / Re: Wrong perspective towards Bitcoin investment on: January 19, 2024, 06:19:58 AM
(....)
I couldn't just leave him hanging with that mentality towards Bitcoin. I showed him some love by converting $10 worth of Bitcoin from my personal funds, sending it to him, and also sent him the BTT link so he can learn from a large Bitcoin community. I have done my part, and I repeat: there is no such thing as getting rich quick. I am glad he has joined the community, but wouldn't want to be mentioned.

Thanks for reading, and do well to share your opinion.
This act you did will make him become more curious about Bitcoin, and for sure he will be amazed and thankful. After that, for sure he will learn a lesson from his mistakes like falling in scams, and some mis understanding of Bitcoin.
By also doing this, you are promoting Bitcoin and helping new people to fully understand how Bitcoin really works.
Promoting Bitcoin by raising curiosity. Nice statement. Coincidentally, I noticed a similar point in one of my posts. Helping others in the best way I can, just by advising them on things to avoid, won't cost me anything. So why hold on to sensitive information? Certainly, he has realized his mistakes and has been able to correct his wrong perspective.
4  Bitcoin / Bitcoin Discussion / Re: Wrong perspective towards Bitcoin investment on: January 19, 2024, 05:54:28 AM
some days ago I stumble upon a thread where I learned about a dusk attack in which an unknown transaction held in your wallet when you will open the transaction to know about the details of the transaction your wallet will be compromised.

Is there a guarantee that we are all safe in this crypto space? I don't understand how someone can easily avoid such attacks, even when we emphasize more on Bitcoin security.

Quote
Some months ago There was a thread started by a newbie account that was offering 0.2 BTC for free i was confused about it so I thought to start a topic about it because it was a scam. here is the link to the thread: [Guide] Avoid These Kinds of Scams so always verify before taking any action. Many Thanks

The comment section of the post you shared was quite enlighten.
5  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 17, 2024, 12:35:37 AM
Lol, is that dube still breathing Grin, cause he's really got the nerve.
6  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 16, 2024, 10:24:45 PM
I just watched the movie via the link you provided. His reflexes were quite normal, like a human, but started acting like a robot the very moment he took out the eye. lol Grin
7  Bitcoin / Bitcoin Discussion / Re: My dream business succeeded on: January 16, 2024, 04:54:13 PM
Nice to hear that your father used the public funds meant for the development of the citizens to open a bar for you to increase the drunken in the society. Bar is always to attract more drinkers.
This got me laughing. A society were intelligent and talented youths needs just little assistance that can make way for so many lives.

And I will advise you not to take Bitcoin as your payment option for now because of the tx fee. And why did you use the money to invest in Bitcoin and just relax and Monitor the market because that bar business will stress you. You have to buy fuel and pay workers but in investment you would not do all this.
I think we should also consider the fact that he is targeting the wrong audience. Promoting Bitcoin's usage is a good idea, but we understand how customers behave in bars especially when it comes to making payment. I have worked there, so I am talking from experience. I wish her all the best in the next phase.
8  Other / Beginners & Help / Re: Beginner looking for a guide | A perfect Start for a Newbie! on: January 15, 2024, 09:21:08 PM
Hey, Bitcointalk fam! I am a newbie and I read somewhere, that someone said most people use this forum for good earning kindly guide me where I should start, is it possible that you earned a good amount from this forum?
Also, let me know how I should get into this to earn a good amount through the forum.
Someone on this forum let me know firstly you have to tell others about your services which I provided online so I went to the Economy ( marketplace) (Services) board and provided my services and explained it in a very easy format so everyone understand easily and then posted it in a thread.
Kindly guide me, what is the next step to take?

Carefully go back to the post where you got this information. The person might have also stated that this forum is not a get rich quick forum. It's very true that people earn decent amount here, since you are interested in earning, then you should be able to write well and contribute greatly to this community, abide by rules and also learn from others.

Quote
I went to the Economy ( marketplace) (Services) board
Just because it is called economy doesn't mean that they make money there. I guess those who earn can share more light on how they do that.
9  Bitcoin / Bitcoin Discussion / Wrong perspective towards Bitcoin investment on: January 15, 2024, 05:50:52 PM
The issue of getting rich quick isn't something that many adopters take seriously, as they've come to believe it is the only way to make a quick profit. It still saddens me to see that some adopters in our community have taken the wrong step towards Bitcoin investment.

I recently stumbled upon a guy few days back who happens to be a anti-bitcoinist. He showed his frustration and condemned Bitcoin in a way that got my attention. I was eager to know why someone would have hatred for a life changing opportunity like Bitcoin, so I had to ask.

From his reply, he said he came across a Bitcoin mining website that was shared via a YouTube video. The mining site mines Bitcoin in small quantities, which he decided to buy some mining power to accumulate faster. He successfully purchased one of the mining power worth $80, but the site eventually shut down a week later without allowing any withdrawals.

His reply got me laughing because I quickly pointed out two things from what he said:
1. He was eager to get quick profit from an $80 investment but ended up getting scammed.
2. During my early days in crypto, I often came across these demo-like websites and have also fallen victim.

It was very clear to me that some ethusiast who promote Bitcoin don't talk about the risk part of it, while those who adopt Bitcoin on their own don't learn about the risk part of it.

I couldn't just leave him hanging with that mentality towards Bitcoin. I showed him some love by converting $10 worth of Bitcoin from my personal funds, sending it to him, and also sent him the BTT link so he can learn from a large Bitcoin community. I have done my part, and I repeat: there is no such thing as getting rich quick. I am glad he has joined the community, but wouldn't want to be mentioned.

Thanks for reading, and do well to share your opinion.
10  Other / Meta / Re: [Voting 2023] Bitcointalk Community Awards 🏆 on: January 15, 2024, 04:08:34 PM
Here are my nominees for the Bitcointalk award
  • Hero of Good: theymos
  • Golden Feather: fillippone, JayJuanGee
  • Bitcointalk Ninja: joker_josue
  • Bitcoin Geek: LFC_Bitcoin, hugeblack
  • Event of the Year: 
  • Fail of the Year: Mixer Banned and CZ's resignation
  • Discovery of the Year: Shahzadafzal
  • Best SpamBuster: Nutildah, and actmyname
  • Best ScamBuster: dkbit98
  • Craft Master: icopress, Royse777
  • AntiHero:
  • Miss Bitcointalk: LoyceV
11  Bitcoin / Bitcoin Discussion / Re: What you can benefit from investing in Bitcoin on: January 13, 2024, 09:04:02 PM
As a late investor in Bitcoin, I have come to realize some benefits from investing in this cryptocurrency which includes:
1: With just your smartphone you can carry out financial services.
2: In bitcoin, you have full control of your financial assets. You have ownership to your private keys which is not always available in our normal banking.
3: As freelancer who works online, you can use bitcoin to facilitate some of your transactions.
4: As a business owner or an entrepreneur one can accept payment in Bitcoin.  
5: When there is currency devaluation, one can use Bitcoin to protect their wealth even though there is risk of price volatility.

For any individual who has not invested in Bitcoin, I would advise you to give it a try. Ignorance shouldn't prevent you from investing in Bitcoin. Read, research, and gather all the knowledge you need to know about it here.

Well said. Bitcoin has come to revolutionize the finance industry, empowering everyone to assume full control of their assets and become their own bank.


2: In bitcoin, you have full control of your financial assets. You have ownership to your private keys which is not always available in our normal banking.


I think bank users also have private keys in the form of a short pin. In normal banking, we also have private pins used to access funds in our accounts, but we often entrust them to a third party during transactions. Examples include payment networks like PayPal and Visa, which act as third parties receiving the input of our private pin during transactions. But having full control of your asset is never guaranteed.


5: When there is currency devaluation, one can use Bitcoin to protect their wealth even though there is risk of price volatility.


Well, I don't think everyone would want to try this, knowing how volatile Bitcoin is. Certainly, we often experience currency devaluation in many countries, but that doesn't mean we should convert all our wealth to Bitcoin, which can be very risky.
12  Bitcoin / Bitcoin Discussion / Re: [ASK] About Ledger and Transaction Speed ​Bitcoin on: January 13, 2024, 08:46:02 PM
We know that all bitcoin transactions will be recorded in the ledger and the data will get bigger day by day, is it logical if the recording has reached 100 or 200 years, and how big will the bitcoin ledger data be in the future?

In my opinion, bitcoin transactions are very slow, because they take around 10 minutes, even though currently there is LN but in my opinion it is not the right solution, especially since there are people who say LN is not bitcoin because it is different from the main bitcoin network. Can bitcoin transactions be accelerated in the future? I think Bitcoin needs to accelerate with increasingly sophisticated technological developments, and transaction speed will probably become a vital need in the future

The Bitcoin developers should work on an upgrade just like ethereum is working on upgrades to find possible means of processing transactions faster than initial design time.

I think the Ethereum community is anxious to perform the upgrade due to the significant development of various projects on the Blockchain, leading to slow transactions and high fees for Ethereum coins. Definitely, the Bitcoin community would make adjustments soon, but it seems that awareness regarding the need for this upgrade hasn't fully circulated. I hope necessary actions will be taken for a more effective upgrade.
13  Bitcoin / Bitcoin Discussion / Re: Bitcoin as P2P currency vs Bitcoin as an asset on: January 13, 2024, 09:06:54 AM

Overtime multiple debates have been raised concerning Bitcoin losing its adoption as a P2P currency. A lot users who transact with little amounts of Bitcoins during intervals seem to be in support of loss in Bitcoin P2P adoption. However some other users especially business men who transact non stop with Bitcoin on a larger scale, seem to have the opinion that the adoption rate is quite ok. Of course no one is happy when transacting with Bitcoin during periods of high conjestions as fees can be sometimes annoying.
Yes, this debate has been ongoing for some time now, with inconclusive opinions due to the criteria at hand. We understand that the primary purpose of Bitcoin's invention was to create a new financial system without room for a third party. However, things have taken a different turn as Bitcoin appreciates over time. Its ability to accumulate in price now makes it serve better as an investment rather than a medium of transaction.

The adoption of the peer-to-peer (p2p) system is still growing through large-scale businesses and e-commerce, but I believe the grassroots level (you and me) defines it more. Regardless, we still have p2p users.
14  Economy / Economics / Re: Reasons for personal financial accountability? on: January 13, 2024, 08:36:18 AM
It is not clear to me. Do you mean financial accounting?

Financial accountability: being responsible with your finances.

This is what i mean. Checkmating your spending lifestyle.

You don't have to use so called strategy.

The key is always try to looking a way to increase your income, try to lower your monthly expense, think few times before purchase something and keep DCA-ing Bitcoin. Sooner or later you will become rich, the problem is only the consistency.

I don't know if all these sounds like a strategy from your point of view, which it doesn't to me. They are facts that lavish spenders can't figure out due to various reasons.

I am quite aware of the DCA method, but it unwise to categories everything using the DCA method. Finance is broad, so let's generalize it because other people make their money outside Bitcoin.

Earning money is difficult so it is our responsibility to use money properly. Even if we earn a lot of money, we will not be financially sound enough if we spend money unnecessarily.

That's it. It's very clear from being selfish to oneself.
15  Economy / Economics / Reasons for personal financial accountability? on: January 12, 2024, 11:17:51 PM
As day and night keep occuring, hustling to meet our needs is not negotiable as long as we still have an interest in living. Whether working hard or working smart, the primary and secondary goal is to have something that can aid our survival at the end of the day. No one is interested in how you made your money, just get your basic needs and live your life.

Accountability happens to be an important figure that indicates how well everyone makes use of the resources they have in their possession. Don't be surprised that some people who earn very decent amount still struggle to survive due to the inability to give proper account of how they've spent their money.

Below are the few reasons why personal accountability is important
1. It fosters self discipline in the areas of spending. Accountability sometimes teaches us how to restrain ourselves from our wants.

2. It creates room for investment through wise decision making. In this scenerio, we often consider investment rather than squandering funds.

3. It encourages the regular checking of financial growth, which help us to monitor our earnings and expenses.

4. It builds financial confidence in hustling continuously.

How to practice financial accountability
1. Be truthful to yourself. Certainly, no one knows you better than you know yourself. Your decision to spend right is for your own benefit and not for others.

2. Have an innovative or conservative mindset. By having an innovative mindset, we tend to invest on our own ideas, while by having a conversative mindset, we tend to save our money like some Bitcoin hodlers do.

Thanks for reading through, and what are your opinions regarding personal financial accountability?.
16  Other / Archival / Re: Suppose you own a Bitcoin now. So what to do? on: January 12, 2024, 05:59:17 PM
In your country,  BTC? I'd like to see the nice things about your country.
If I read this correctly, you asked 'what can i buy with 1BTC in my country ?'. well, the photo below happens to be a very beautiful house in a nice location. I think 1BTC should be more than enough for this considering the current inflation.

17  Economy / Speculation / Re: Bitcoin [BTC] Price Could Reach $1.5 Million by 2030 Says Cathie Wood on: January 12, 2024, 05:29:21 PM
CEO Of ARK Invest Said in an Interview with CNBC Yesterday (Thursday) that Bitcoin Could Reach $1.5 Million by 2030.
Previously she Predicted about Bitcoin and Said that Bitcoin Could Reach $1 million.

Ark Invest is one of those asset-managing Firms that got one of the Bitcoin ETFs..

Source:
https://www.coindesk.com/markets/2024/01/11/cathie-wood-sees-bitcoin-price-reaching-15m-by-2030-after-etf-approval/
and
https://coinmarketcap.com/community/articles/65a00143f4756d5768d055e9/
There has always been an avenue for freedom of speech in the Bitcoin community, where almost everyone can make predictions about Bitcoin's price that suit them. It's not new that supporters express their views for something they love and see significant potential in. Undoubtedly, Bitcoin has been exceptional over the years before reaching its current price. While Cathie's predictions might be accurate, it doesn't mean every Bitcoin enthusiast buys into that forecast, knowing fully well that 2030 is a future tense.
18  Bitcoin / Bitcoin Discussion / Re: The Intersection of Bitcoin and Gaming Industries on: January 12, 2024, 03:43:16 PM
Hey Bitcointalk fam! 🚀 Just stumbled upon something wild – the crossover of Bitcoin and gaming! 🕹️ Ever wondered how these two powerhouses join forces? It's not just about buying in-game goodies; it's a whole new level of excitement. From blockchain-based games to earning BTC while conquering virtual worlds, the possibilities are endless. 🌐💰

Have you guys dived into this combo yet? Share your gaming tales where Bitcoin made a cameo or if you've hit the jackpot in a crypto-powered game. Let's swap stories on how our beloved BTC is becoming the ultimate power-up in the gaming realm. Any hidden gems or cool projects we should check out? Spill the beans, and let the crypto-gaming adventure begin! 🚀🎮 #BitcoinGaming #CryptoAdventures
The association of Bitcoin with gaming is gradually changing the gaming industry. We haven't been paying attention to this, which makes it feel unrealistic from our perspective. Casinos are a major talking point as they have started accepting and issuing Bitcoin as rewards to gamblers. I believe Bitcoin can make a significant impact in the gambling industry, but It's uncertain if Bitcoin can work well with other gaming sectors aside from casinos, so it's best to focus on its investment and peer-to-peer aspects.

I'm not too sure where Bitcoin is heading in the gaming world due to price and other factors. However, I think the Ethereum (ETH) community shares something in common with the gaming industry in terms of staking and rewards.
19  Bitcoin / Bitcoin Discussion / Re: Bitcoin ETF officially approved! on: January 10, 2024, 09:16:54 PM

This is indeed a huge news to the Bitcoin community. The long awaited ETF has just been approved. Hoping that Bitcoin meets my price expectations which is $50K. Congrats to the Bitcoin community.
20  Other / Beginners & Help / Re: Who is newbie and how long does it take to navigate the forum? on: January 10, 2024, 12:43:36 PM
First one: A user with a very old registration date but made only a couple of posts, but did not earn merit to rank up and his login time is around 10 hours or so.

Second one: A user who registered two months ago and spent 7 days login time and earned around 250 merits in the last 60 days and made 500 posts.

Third one: A user who has been there for six months and spent 25 days login time but made only a hundred posts but his rank is member or Jr. member.

You should keep in mind that a user's rank is a newbie here, but maybe he was a member of another forum like hacks forum, craked forum, or nulled forum. Maybe they have dip knowledge of coding or other sectors. Now, who should be considered a newbie, and how long would you consider him as a newbie and why?

I often see people posts like don't teach others when you are a newbie. This is an absurd word in my directory.
Well said, Besides, I didn't even know about these things until now.

Quote
People like Powerglove or n0nce has far more better knowledge than some legendary members who has earned two thousands merits. So, what is wrong if a newbie try to correct you?
I think this is a scary part that most people don't want to admit. Ideally, newbies are all categorized as learners just because they are new to the forum. Even if newbies have great experience in the crypto space, some people tend to look down on them. I stand to be corrected, but I have also noticed that newbies' ideas or opinions sometimes face altercation, unlike those of regular ranked members. I am saying all this from the experience I once had and maybe still facing. There won't be any change soon, we should just move on with it.
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