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3261  Other / Beginners & Help / Re: I need some Merit,and how I got it? on: February 26, 2018, 06:49:21 AM
Merit is given to you by people that read your posts and responses. A person can give you merit for any reason, but most will give you merit for a post or response that they like.

I give merit to informative posts and responses that are helpful and correct, contain information that is new and relevant, and that required some work or research to write. I give merit to opinions that are thoughtful, interesting, and novel. However, I don't give merit to members of signature campaigns.
3262  Bitcoin / Bitcoin Discussion / Re: Will it make sense if someone turned bitcoin into paper money? on: February 26, 2018, 06:27:38 AM
To everyone that says it can't be done:
It has already been done.


It is called a "physical bitcoin". It is not practical to use them as currency because they are expensive to manufacture, so they are made for collectors mostly.
3263  Bitcoin / Bitcoin Discussion / Re: Who Is The Rich Bitcoinist? on: February 26, 2018, 06:19:54 AM
Nobody knows.
3264  Economy / Economics / Re: "We need to think deeply about the economic function of money" on: February 26, 2018, 02:56:59 AM
This is ICO spam. Nothing more.
3265  Bitcoin / Bitcoin Discussion / Re: I need help (bitcoin) on: February 26, 2018, 01:16:42 AM
yes very serious because I have more than 1 million dollars from my bitcoin account.

Oh, I see. This is a scam.

Sounds a lot like someone that is trying to find someone to help him hack into someone else's account. Call me skeptical!

This type of scam is not unusual. Typically, the scammer will:

1. Try to convince someone to buy the address.
2. Try to convince a newbie to send them some bitcoins in order to unlock the account.
3266  Other / Beginners & Help / Re: digging coin on: February 25, 2018, 08:18:11 PM
One thing you can try is to run NiceHash. It will tell you what you can mine and how profitable it will be.
3267  Other / Beginners & Help / Re: Bitcoin is a scam?! on: February 25, 2018, 08:15:11 PM
I am a newbie and i asked few people, and these people are people.i respect, because in terms of current news or financial situations of different countries, they are always updated or knowledgable about this topic, but how come when i asked them about bitcoin, they said it is a scam, what are the resons for them to say so?
I am new and haven't read much so i just want to get your POV.
TIA for your comments.

I would ask them why they think it is a scam. Research their reasons (if they actually have any), and I think you will find that they are simply misinformed.
3268  Bitcoin / Press / Re: [2018-02-24]46% of Last Year’s ICOs Have Failed Already on: February 25, 2018, 07:57:03 PM
So I guess what I can take out of this is I'm a God damn genius when it comes to investing in ICOs. 46%!? Really?! That's insane! I have two that I did okay on, like +10-30% in bitcoin value depending on the day, and another that I'm either double to quadruple on. So idk what people invested in, but obviously not what I invested in if they lost any money.

I don't think very many ICOs will succeed. Most will fail eventually when the developers run out of money, give up, or run away. Some may take longer to fail than others, especially the ones that raised millions of dollars.
3269  Other / Meta / Let's retire the Bitcoin Discussion > Press sub-forum on: February 25, 2018, 06:06:42 PM
The purpose of the Bitcoin Discussion > Press forum is to post links to notable articles that mention Bitcoin. In the past, such articles were relatively rare and it was helpful to have a forum that would collect them. I valued the forum because it was interesting to see where Bitcoin would pop up in the mainstream media, and these links were provided good indicators about how the rest of the world perceived and reacted to the Bitcoin phenomenon.

These days, Bitcoin is mentioned constantly in the mainstream media, and there are now many media outlets devoted to articles about Bitcoin and cryptocurrencies. Thus, the original benefits of the forum have largely evaporated. If mentions of Bitcoin are common, then they are no longer notable. If there are media sites dedicated to the subject, then there is less benefit to collecting links because the majority always point to these sites. The value of linking to articles mentioning Bitcoin has dropped. I note all of the links in the posts, but I only read a few of them now.

My suggestion is to retire the forum. Links to articles about Bitcoin could be posted in the Bitcoin discussion forum instead.

I would like to mention that there is a problem with the forum's moderation (in my opinion), but that is not part of my reasons for retiring the forum. I don't think that fixing that problem would improve the forum's relevance.
3270  Bitcoin / Press / Re: [2018-02-25] BITCOIN.COM - Trading Tip `The Wall´ – Meet the TA Gods on: February 25, 2018, 04:02:25 PM
So, while I color myself a TA skeptic, I still tend to marvel at the near-surgical precision of which the market tends to move in certain cases. Observing the above picture, I’m yet again amazed to see the bitcoin price just reaching the descending trend line just under $12,000 before continuing its downward trajectory. How can it be, that while the empirical evidence for TA disproves its relevance, these TA bulls-eye calls appear again and again?

There is nothing to marvel at. It is called expectancy bias (https://en.wikipedia.org/wiki/Observer-expectancy_effect), more specifically:

Another major contributor to the belief in pseudo-sciences such as astrology and TA is confirmation bias (https://en.wikipedia.org/wiki/Confirmation_bias) -- you notice the evidence that supports it, but ignore the evidence that refutes it. Street light interference phenomenon (https://en.wikipedia.org/wiki/Street_light_interference_phenomenon) is a great example of confirmation bias.
3271  Other / Beginners & Help / Re: Newbie can- Earn Bitcoins in 8 different ways on: February 25, 2018, 12:06:31 AM
8. Earn Bitcoins from gambling - not suitable for everyone

To be honest, I'm not a big friend of gambling. But it is a way to earn Bitcoins so in order to make this list complete it needs to be mentioned here.

I don't know why people recommend gambling as a way to make money. It is a terrible suggestion. The casino makes money when you gamble, not you. It is a good way to lose money, and the more you gamble, the more you will lose.

3272  Bitcoin / Press / Re: [2018-02-24] Will Lightning Help or Hurt Bitcoin Privacy? on: February 24, 2018, 05:39:22 PM
In summary, in order for LN to hurt privacy, the network would have to be very centralized and nodes would have to collude.
3273  Bitcoin / Bitcoin Discussion / Re: Can we stop promoting FUD threads on: February 24, 2018, 05:19:05 PM
I don't mind the FUD here at all. It helps to balance the irrational fanboy exuberance.
3274  Other / Beginners & Help / Re: Earn bitcoin for free ambbox.com to faucethub on: February 24, 2018, 07:31:47 AM
1: claiming for normal faucets that pays directly to faucethub. you can earn upto 50 satoshi per 5 minutes from each faucet.

50 satoshis every 5 minutes is $0.06 per hour. Is it worthwhile for anyone in the world to work for $0.06 per hour, or even $0.18 per hour if you go to three faucets?
3275  Economy / Economics / Re: Lost Bitcoins on: February 22, 2018, 08:09:42 PM
Increased adoption and lost bitcoins will cause the value to rise, and there is potential issue if the value rises. The potential issue is with the value of a satoshi, the smallest possible unit. If the value of a satoshi becomes too high, then that could cause problems.

For example, if a bitcoin is worth $1 billion, then a satoshi is worth $10. In this case, transactions could only send multiples of $10 and the minimum transaction fee would be $10.

Gavin Andresson has suggested that one possible solution is to increase the divisibility of a bitcoin, and that it could be done with a soft fork.
3276  Bitcoin / Bitcoin Discussion / Re: Transaction fee down to $0.11! SegWit works! on: February 22, 2018, 07:49:38 PM
Segwit usage is still low. It is more likely that transaction volume has dropped because the crash scared a lot of people away.
3277  Bitcoin / Bitcoin Discussion / Re: Wallets of Whales? on: February 22, 2018, 05:44:47 AM
Despite what was written in that article and what the previous poster wrote, it is very difficult to associate an address with a person. It is possible to determine addresses that are used by exchanges, but generally not by individuals unless they publicly associate themselves with an address.
3278  Other / Beginners & Help / Re: Errors of beginners in the bounty on: February 21, 2018, 10:48:11 PM
That is completely unreadable. Please don't do that any more.
3279  Other / Beginners & Help / Re: Upcoming Overwinter update for ZCash and compatibility on: February 21, 2018, 07:06:04 PM
The answer is probably yes, but this is a Bitcoin forum. I think you will get better answers in a Zcash forum such as this one: https://forum.z.cash/ or https://www.reddit.com/r/zec
3280  Bitcoin / Press / Re: [2018-02-21] Finland Hamstrings Its Ability to Store Confiscated Bitcoin on: February 21, 2018, 07:01:17 PM
Another article written by somebody without basic knowledge of the subject.
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