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1021  Other / Meta / Re: The things we need to put in considerations on: October 07, 2018, 09:17:54 AM
My question is, what are the duty of high ranked members?

there is no "duty" here for anyone. people can choose to be kind enough to others to spread the knowledge they have the best way they can. that is all. there is no obligations in my opinion. people are here to discuss, learn, earn, and increase their overall understanding of bitcoin and sometimes cryptocurrencies in general. they can help keep the forum clean by reporting shitposts, reporting account farmers,... as they are already doing in meta board. but there still isn't any obligations, they are doing it because they want a better forum they enjoy participating in.
1022  Other / Meta / Re: The things we need to put in considerations on: October 07, 2018, 08:15:20 AM
One thing I've noticed among the high ranked members is, Each time a newbie (not referring to those only that has newbie tag to their profile)  creates a post that is contradicting to the beliefs, most high ranked members always critise instead correcting or teaching.

maybe you should have included a topic you had in mind although that might change the discussion altogether.
I agree with what you said here but also let's not ignore the fact that there are a lot of topics by the newbies that do deserve the harsh criticism by other members. for example those who are too lazy to do a search before posting about something that was discussed to death here a million times. or the topics that the newbie reads some FUD and then starts something here spreading the same thing. for example I personally hate those topics that start with "we all know that [blank]...." and [blank] is usually a false statement or an FUD they are trying to say is valid before they continue with making a conclusion based on that.
not to mention that most of these topics by newbies are obvious shitposts. most of them don't even come back to their own topics to read a single one of the replies! they just post something and run away, possible only to increase their post count or have their topic stay on top (while advertising their own signature like ref links) by creating something controversial.
1023  Economy / Speculation / Re: Bitcoin won't top $9,000 by year's end, Novogratz says on: October 07, 2018, 07:52:56 AM
one of the characteristics of bitcoin price rises has always been that it doesn't need a big announcement prior to the rise! it just happens and we can end up seeing the $9000 prices by the end of this week as the manipulative pressure by the accumulators lifts. otherwise this pressure stays until the accumulated forces against it  become so big that it can not contain them anymore. in which case we can see a shoot up to $9k. in any case saying it won't happen this year is as bad a guess as those others saying it will reach $50k, etc.
1024  Bitcoin / Bitcoin Discussion / Re: Bitcoin maximalism: is it toxic or a good influence in bitcoin community ? on: October 07, 2018, 07:37:22 AM
There is no such thing as "Bitcoin Maximalism".
People who use that expression are usually just looking for a sorry excuse why their beloved Altcoin fails.

So-called "Bitcoin Maximalists" are usually simply conservative in that they prefer a decentralized, stable, well-developed blockchain as the basis for a digital currency over some random, premined or ICOed copycat with feature-bloat.

The term “Bitcoin-maximalist” was first coined by the developer of Ethereum, Vitalik Buterin.
Maximalist believes that Bitcoin BTC is the only cryptocurrency that matters.
Maximalists believe that most altcoins do not have real use cases and speculatively trade on exchanges to get more BitcoinsBTC.
This is a philosophy that has the right to exist.

this has nothing to do with bitcoin minimalism but the way of thinking you are mentioning here in green doesn't come out of nowhere and based on nothing. it  comes from the fact that whenever you look at the altcoins the only thing you see is useless projects  created for pump and dumping purposes. when you go to altcoin circles like reddit boards, the altcoin board in this forum,... the only discussions you see are about how you can make more profit on your bitcoins. whenever you go to each of these circles the top posts belong to shitcoins that  get pumped the most not an altcoin that is actually good but has no pumps.
if you don't believe me you are one click away from proof: https://bitcointalk.org/index.php?board=67.0
none of the coins that are mentioned in these topics on first page are any good. they are all pure pump coins.

saying "all" is obviously wrong but it is not that off the mark when 99% of the altcoins (including creation of Vitalik Buterin) match this description.
1025  Bitcoin / Bitcoin Discussion / Re: When there are 2,100 trillion Satoshis why the talk of scarcity? on: October 07, 2018, 07:23:51 AM
This is the one thing I don't quite understand about the talk of Bitcoin's "scarcity value". Sure, "21 million coins only" does give the impression of scarcity prima facie. But then, each coin is divisible to the tune of one hundred million Satoshis. While currently, there's no way to transact a single Satoshi without paying significantly more transaction fees, if 1 BTC reaches US$ 200K as some analysts speculate, then even that won't remain a miniscule transaction anymore.

Thus, in effect, rather than there being 21 million Bitcoins in circulation, the effective value would qualify as: there being 2,100 trillion Satoshis in circulation. This is way beyond the wildest, furthest estimates of total global money supply.

Why then the talk about Bitcoin being in scarce supply?


The result of a recent study of the company Chainalysis on the state of the Bitcoin network, says that 36% of BTC is lost in circulation, 22% is used by speculators and investors' assets are 30%.

Therefore, the number of Bitcoin is much smaller and will be even smaller over the years.

since their "analysis" is only based on whether the coins have moved for a certain amount of time or not it is obvious that the amount of bitcoins lost is far less than the amount that they came up with. the reason is obviously the coins that are not moving only mean that someone has purchased and stored them for long term. and we all know in bitcoin many people do this.
1026  Bitcoin / Bitcoin Discussion / Re: Difference between Digital currency and cryptocurrencies on: October 07, 2018, 07:12:50 AM
We're close to currency just being called currency. And then there are variations with how those currencies are constructed and made available. A currency becomes digital when it can be exchanged via the internet (for lack of a more sophisticated term). Crypocurrency means the identity of the participants in an exchange and the security of each transaction is protected by cryptographic means.

"digital" doesn't have to need internet, it needs to be in any form but physical and it requires computers. for example it can be your phone. but since these methods of payment are usually not only in one place so they need internet to connect to the central database.
as for cryptocurrency it is not about "identity of the participants" but the transactions itself. your identity is not protected, your transactions are.
1027  Economy / Speculation / Re: Bitcoin Gradually Increased in Price in September, Case for a Bull Run in 2018 on: October 07, 2018, 07:04:24 AM
someone needs to tell "ccn.com" that they shouldn't try so hard to publish news about bitcoin price when the things they publish are this weird and nonsensical. the funnier thing is there is another article by them calling the same rise "unexpected" in other words they don't even have consistency Cheesy

it is not a gradual rise or recovery at all when price keeps meeting the same upper and lower price levels at $7k and $6k respectively. it is called fluctuating between these prices. this may be considered a signal for an upcoming rise close by but only because this seems like an accumulation phase not because it went up 1% but still is below the resistance line.
1028  Bitcoin / Bitcoin Discussion / Re: The market of cryptocurrencies doesn't fall, is it growing steadily!? on: October 07, 2018, 06:50:20 AM
it is customary that you choose a title that is representing what you are talking about. here you are talking about bitcoin, bitcoin market and its price not "cryptocurrencies market" as a whole! and we all know the markets although having some similarity are very different from each other.

Now the cost of mining Bitcoin on average is $ 6,300 and therefore no one will pour it below this mark. Therefore, raise your orders at least up to $ 6500-7000, so at least there will be at least some chance to buy something.
the  cost of mining is not a fixed number. it depends on many factors such as your electricity cost and if applicable the rent, employees salary,... for mining farms and then difficulty and things like that.
not to mention that cost of mining is not determining the price. what does that is the demand in the market on exchanges.
1029  Bitcoin / Bitcoin Discussion / Re: MERITS OF BLOCKCHAIN. on: October 06, 2018, 09:02:59 AM
EG imagine a doctors surgery of 6000 patients has a chain of hashes. the personal data not being the chain. but being a UTXO database of encrypted data. and each new block of daily updated records is updating hashes. not clear text data.

each doctors surgury strand of chain. hass a block or UTXO header that gets added to a master chain. and so the network is not validating what the clear text says. but validating the hashes add up.
and its the doctors and patients in their smaller subchains that validate that personal stuff

ok, but the real question is WHY?!!!
it is not about how it is done it is about whether doing it that way is better than how we are currently doing things.

imagine each doctors clinic/surgery have a little black memorystick that is plugged into a electric wall socket with a usb outlet
that memory stick. is the node. now realise each doctors clinic/surgery has one.

now the health care system can sack all the auditors and data security guys. and just get a janitor replace a memory stick if one develops a fault.

letting doctors be doctors and let more of the treasury funds be used for healthcare instead of administration
walk into any doctors clinic and ull see less non-medical staff shuffling papers.

less surgery/clinic managers fiddling with numbers so they can vacation 48 weeks a year at others expense
...
now with all that said there are many places where blockchains are useless, but when there is a scenario that data needs to be in more than one location and edit/append data to it from more than one location. then there can be some advantages.

the more wider field of multiple locations and multiple entities needing more than just viewing privileges. the more a blockchain can be seen as beneficial.

that doesn't exactly answer my question though. it only talks about how the blockchain technology is going to used in this particular case.
my question is basically why would you use it instead of regular methods. you mentioned less paperwork and less staff. ok, lets make it digital with a database and a server. but that doesn't still have to be a blockchain.
1030  Bitcoin / Bitcoin Discussion / Re: New BTC dump upcoming! 18000 BTC moved to BitMex... on: October 06, 2018, 06:29:28 AM
Let's see how the market will react. Because its structure is stronger and provides very good service. Time will tell.

to you and all the rest who are bumping this topic up today:
in case you missed it, this topic is already 2 months old and it was pure FUD imagination of the starter of this topic. he had no proof of funds moving and also even if there were any transaction of that size it still couldn't affect anything as you can see  clearly on the charts for the past 2 months.
1031  Bitcoin / Bitcoin Discussion / Re: How to prevent selling your bitcoin prematurely, use this strategy on: October 06, 2018, 06:07:46 AM
I like the idea of having additional sources of bitcoin income to have more bitcoin at your disposal so that if some day you wanted to sell you have enough bitcoin to sell some of it and then still hold more bitcoin in your wallet.
although I don't personally like the airdrop kinds of methods of earning bitcoin but it is one of the ways. I personally prefer trading altcoins to earn profit on my bitcoins in addition to other micro jobs and passive income.
1032  Other / Meta / Re: Can't we ban this guy already? on: October 04, 2018, 04:33:47 AM
Reports were good but better if you PM the user to tone it down, remove the Advertisement Banners and guide him on the right board(s) where his typical posts should be posted.
Mods can't nuke a copper Jr.Member.

A moderator doing this along with the "Deleted Post Notification" is better than a straight ban.

when you get your comment or topic removed, you receive an automatic message which acts as the warning. so you know you did something wrong. when it happens 20-50 times you definitely know you were doing something wrong. repeating the same exact thing means you don't care and receiving a "guiding PM" is not going to change that.

here is the message you receive automatically:
Quote
A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted.
1033  Economy / Trading Discussion / Re: Cryptocurrency Crash on: October 03, 2018, 10:52:12 AM
each time bitcoin experiences a correction there are people who start their propaganda machine to scare newbies into selling their bitcoins because they want to take it from them at a lower price so that they can sell it back to them at a higher price and make profit. that is why you keep seeing so much FUD about bitcoin.

this is not about "cryoptocurrency crash" though. that is a different beast. it is all about the altcoin pumps that we had last year. that bubble had to burst at some point and that "explosion" of bubbles has some aftershock that even hits a big coin like bitcoin.
1034  Economy / Speculation / Re: Insider News : big dump on the 15th october on: October 03, 2018, 09:07:02 AM
sometimes people do these things to gain possible points in the future. for example imagine for a moment that what if price did actually reached the price what OP is talking about now. he will come back and start taking advantage of that guess he made a couple of days back and pretend that his guess was legit and milk it as much as he can.

I have seen this multiple times so far. usually people go with predicting the price in a much more vague manner than OP though so that they are not giving it away and sometimes they even predict both ways (a rise and a fall for instance) to have the opportunity to say "I told you so" either way!

Yeah but the likelihood is against his prediction. He may gain some point in someone’s eyes but he will lose many points if the prediction fails. Although if that is the case, I suppose he won’t come back here.

well the only thing is that when this type of "guess" doesn't come true, everyone simply forgets the person who made that guess because he is only one in hundreds who were making such random guesses. for example do you remember those who were saying price will go back down to $200 back when price reached the ATH of that time at $1200? I don't remember single account names but I remember at least a dozen of them even using charts and tried to convince us that the chart of $1200 in 2017 looks exactly like $1200 in 2013 and price should fall down to $200.
1035  Economy / Speculation / Re: Insider News : big dump on the 15th october on: October 03, 2018, 07:29:50 AM
The guy is probably just making stuff up for fun.

However coincidentally imagine if he is correct on those 2 dates which wouldn't be all that impossible then he gets a phone call from the SEC for insider trading.

Hence if someone knows about insider trading they never make it public because it's a crime.

sometimes people do these things to gain possible points in the future. for example imagine for a moment that what if price did actually reached the price what OP is talking about now. he will come back and start taking advantage of that guess he made a couple of days back and pretend that his guess was legit and milk it as much as he can.

I have seen this multiple times so far. usually people go with predicting the price in a much more vague manner than OP though so that they are not giving it away and sometimes they even predict both ways (a rise and a fall for instance) to have the opportunity to say "I told you so" either way!
1036  Economy / Speculation / Re: Tom Lee, from bitcoin bull to bitcoin bagholder on: October 03, 2018, 07:02:45 AM
Just because someone bought from high prices doesn't make him a bagholder, he can drop his averages down from buying more which as a rich person he can definitely worth doing it and probably doing it plus being behind a project means being behind it on bad days as well as good days. I have been here for over 5 years now and I am supporting bitcoin from highs and lows and really don't care where the price is going and I will still be here.

If you are not supporting bitcoin because the price went down than you are not supporting bitcoin at all and just trying to make money for yourself. Which makes you the bad people bitcoin was invented against.

That is what a bagholder would say hehehe. Bagholders say things because they are so sure that their coin will make the new highs again even if the price today is saying that there is a possibility that it might not occur.

I might appear that I am teasing you, but we should be honest with ourselves. We are taking a risk, nothing is certain.

that is stating the obvious, nothing is certain and we are taking a risk but we are talking about chances and potentials. unless you think bitcoin's potential has just ran out and the adoption has hit a brick wall and stopped there is no reason to believe price isn't going to rise up.
and the current price is not giving us any reason to believe otherwise. price is currently stable and looks more like a solid accumulation phase just like the couple of prolonged accumulation phases that bitcoin had in the past after each of its bubbles. each of which eventually led to a bigger rise.
1037  Economy / Speculation / Re: Bitcoin Price Manipulated by Cryptocurrency Trading Bots: WSJ on: October 03, 2018, 06:27:34 AM
this is just another drama created by a click-bait news site trying to post something that people "click" and read. and at the end of the article you will be unsatisfied because you always read a bunch of statements that the author is assuming are correct and then makes his conclusion based on them. there is never solid proof or a valid speculation about it. they just make any assumption they want.

Or this is another FUD attempt ordered and paid by the WHALE-CUMULATORS.

Bitcoin was already going to $6700 again. The whale-cumulators didn't want that, and they were very excited to disappoint the sheep again. They sold down to $6300, and ordered their lackeys in the news to post any FUD story they can invent.

They will do this repeatedly until the sheep have capitulated. If you read my posts, you know what's coming next. Hahaha.

of course that is always a possibility since we have had many cases of the media doing this FUD spreading to affect the price.
although I don't know how this strategy can be effective at this point. unlike you I don't think price was headed anywhere. we are pretty much stuck in this level and nonsense news, whether positive or negative, can not have any meaningful effects on the price.
based on what I have seen an FUD or the opposite of it a Hype is only effective when it is done with perfect timing. and the timing now is just wrong because the accumulation is happening and everyone else has given up on trying to do anything, they are mostly waiting for the change to come then jump in.
1038  Bitcoin / Bitcoin Discussion / Re: What "event" will be the nail in the coffin for your Bitcoin goals? on: October 03, 2018, 06:04:17 AM
I think the nail in the coffin moment for me will be if I found out that some government agency developed Bitcoin to take control of people's wealth. It has happened before that some agencies created honey traps to trace money derived from criminal activities and they even infiltrated Tor exit nodes.

I entered Crypto currencies, because it gave me some financial privacy <not for criminal use>, so if I found out that this was only a smoke screen, then I would definitely exit the scene.   Angry

that may already be happening with certain altcoins such as Ripple and Ethereum and Dash and are the most centralized and somewhat shady coins  that are controlled and managed by centralized groups of people but that can not happen with bitcoin as long as we keep it decentralized like it is today.

I am not to bothered by other Alt coins, because I am primarily invested into Bitcoin.  Wink The conspiracy theorist side in me says that Mike Hearn & Gavin were working for these agencies and that they were mandated to take control over Bitcoin and it failed with Bitcoin XT, so in my opinion there were attempts by these agencies to take control.

I am more bothered that all of this was simply smoke & mirrors and that they developed Bitcoin from the start.  Huh Roll Eyes

there has definitely been a lot of take over attempts in the past, both directly for taking over bitcoin itself or indirectly to take over bitcoin by pumping their altcoins and making people move their money there. for example Dash that was mentioned is one of the groups that funded the spam attacks of last year against bitcoin to increase the backlog and the fees so that they could advertise their coin more and get it used more.... they failed in the end though.
1039  Bitcoin / Bitcoin Discussion / Re: MERITS OF BLOCKCHAIN. on: October 03, 2018, 05:55:05 AM
EG imagine a doctors surgery of 6000 patients has a chain of hashes. the personal data not being the chain. but being a UTXO database of encrypted data. and each new block of daily updated records is updating hashes. not clear text data.

each doctors surgury strand of chain. hass a block or UTXO header that gets added to a master chain. and so the network is not validating what the clear text says. but validating the hashes add up.
and its the doctors and patients in their smaller subchains that validate that personal stuff

ok, but the real question is WHY?!!!
it is not about how it is done it is about whether doing it that way is better than how we are currently doing things.

for example take the case of bitcoin versus the banks. I have a bank account and a debit card issued by the bank. whenever I want to purchase something I use that and there is no fees involved. it is fast and safe enough. so why would I need bitcoin? the answer is obvious (the decentralization, global,...) I won't get into that. but there is a valid answer to that "WHY" question which is why bitcoin exists and is strong.
but I can't say the same about using blockchain other fields such as a hospital and its patient information.
1040  Alternate cryptocurrencies / Altcoin Discussion / Re: Stop comparing ETH with BTC!!!!!!!! on: October 03, 2018, 05:44:24 AM
You want people to stop comparing ETH and BTC but you just said on what's better which is correct and undeniable but I think you should be neutral on this. I don't even know why this is an issue to you since you don't want to talk about it. People have preferred coin so its obvious if they are comparing ETH to BTC then expect that their portfolio is full of ETH so let them say what's on their opinion.

Are you annoyed with those people that keeps on saying that "ETH will replace bitcoin"?

there is nothing wrong with comparison, specially when you are comparing two cryptocurrencies. there is also nothing wrong with having a preferred cryptocurrency and bag holding it.
however, what is wrong is when your comparison is ignoring every fact there is and only sticks to illusionary hypes to fool others. for example when people that OP is talking about are comparing the two coins they only say "ETH is faster than bitcoin" they never say this being fast has created issues such as more orphans, a gigantic blockchain which makes it impossible to sync your full node with the network and on top of that this "fastness" has not solved anything, the ETH network is still congested! and that is called "comparison".
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