Someone has figured out a way to spam DuckDuckGo, making it so that searches for topics related to Bitcoin come back with hundreds of sites all linking to u s t r a d e r s j o u r n a l . c o m / b i t c o i n.

Up until now, I had a strong preference for DuckDuckGo over Big Brother (Google), but now it has become useless.

Any suggestions?

Just imagine a man buries $2000 in gold coins in a vacant lot for safe keeping. He comes back a year later an finds a building on top of the site. He insists that the owners tear down the building and recover his coins.

That could be the situation here. I don't know because we haven't heard Kraken's side.

There are very few careers in "block chain" now, but the field is likely to grow in the future. My recommendation is to study engineering, finance, business, or economics.

If adoption grows then there will be increasing trading volume. However, I believe that volume on exchanges will become a small part of that because most people will be trading bitcoins for things other than fiat as the volatility falls.

You don't need screenshots. You can see it for yourself right here:

https://bitcointalk.org/index.php?action=profile;u=3
https://bitcointalk.org/index.php?topic=2228

The price has nothing to do with volatility. If you have $1000 worth of bitcoins, a 10% change in the price will result in a change in your holdings of $100, whether the value of a bitcoin is $1 or $100000.

Another way to think about it is this -- Is the volatility in the price of a satoshi worth $0.0002 any different in the volatility in the price of a bitcoin worth $20000? The answer is no.

No. The lesson is that as adoption increases, the volatility will fall. When the volatility approaches that of fiat currencies, there will be no longer be any expectations of high returns from holding bitcoins. HODLing and speculative buying will no longer have any benefits, and bitcoin will finally show its strength as a medium-of-exchange.

A world without fiat currency does not mean there can be no cash, i.e coins and paper money. Just as governments and banks did when the world was on a gold standard, they can issue their own money backed by bitcoins.

How do you express the value of a dollar? There is no reason why you can't express the value of a bitcoin in the same way.

I set up nodes on my PC and on a RPi 4, both using a disk for storage.

Initial sync:
The initial synch took a couple days on the PC and about a week on the RPi.

Ongoing:
I run the node on my PC only occasionally and it is frustrating that it takes an hour or so to synch when I open the wallet. On the other hand, my RPi node is always running so it is always synched. The disk has no problem keeping up.

Summary:
With a disk, initial synch is slow, and synching only when you open the wallet can result in long delays; but there are no problems if the node is always running. If this is ok, then you can save a lot of money by using a disk rather than an SSD. Keep in mind that although an SSD is faster, synching still takes time.

I recently set up a full node on a Raspberry Pi 4. Here are the instructions: https://stadicus.github.io/RaspiBolt/

You can just set up the Bitcoin node if you aren't interested (yet) in the rest. In addition to a Bitcoin node, I also set up a Lightning node, an electrum server, JoinMarket, and a block explorer.

Then it is irrelevant, or am I missing your point?

Perhaps adding "connect=..." to the configuration files would ensure that at least one connects to the other.

There are many aspects to security. Each kind of wallet has its pros and cons. Remembering the 12 word seed is not risk-free.

• 1. You could forget the seed.
• 2. Someone could force you to reveal it.
• 3. You must reveal the seed in order spend the bitcoins.

I think that the main advantage of a hardware wallet is that it is the safest form of portable wallet.

The fact that CSW can write something that is historically accurate is not proof that he is Satoshi. I could have written that same article (though I would have left out any claims that I am Satoshi and that posts were forged).

No. That is not a Ponzi scheme. Look it up.

In fact, if that is your definition of a ponzi scheme, then you must believe that most investments, including real estate, gold, silver, options, futures, all currencies, and stocks that doesn't pay dividends, are ponzi schemes.

Anybody that believes that Bitcoin is (or appears to be) a Ponzi scheme doesn't understand Bitcoin, or doesn't know what a Ponzi scheme is, or both.

I have met and interacted with Gavin Andresen and he seems to me to be a decent and intelligent person. Even decent and intelligent people can be fooled, so I feel that any animosity towards him is undeserved. Note also that he is not the only person that was fooled by CSW.

My belief is that Gavin probably felt that his certification was not really important because CSW stated that he was going to show the proof to the public. Then, when CSW's public proof turned out to be bogus, Gavin's certification led to his undoing.

The following chart shows the volatility in the price of a bitcoin since the beginning. Each point shows the coefficient of variation for the year or month surrounding that date.

The coefficient of variation is a measure of volatility. It is the standard deviation relative to the mean.

Previously, I stated that the volatility is falling over time. If you look at long-term graph, that seems to be the case as the price is no longer rising as quickly as it was many years ago.

However, the volatility as measured by the 33-day CoV seems to have actually flattened out. My explanation is that even though adoption has increased tremendously, the use of Bitcoin as a savings device has removed enough liquidity from the market to counter the effects of adoption.


Long term:


Short term:


Edit: Updated as of 2023/9/25

Sorry for nitpicking, but they aren't monoliths. A monolith is a single block of stone.

Saying "it's easy to spin up another Bitcoin" is like saying "it's easy to spin up another Apple or Google".