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April 12, 2021, 02:06:48 PM *
News: Latest Bitcoin Core release: 0.21.0 [Torrent]
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1  Other / Beginners & Help / Re: Bitcoiners Show Me Your Scars!! on: Today at 12:29:58 PM
Fortunately for me, I have very little scars to show. I lost only 0.015 BTC in total - 0.005 BTC to an exchange exit scam, and 0.01 to an ICO scam, which was my first and last ICO investment.
It's like purchasing a random smartphone without researching the model or brand and being disappointed of it. After enough attempts, you move back to the top brands although they're way more expensive. This is alts vs BTC at its finest.
2  Bitcoin / Development & Technical Discussion / Re: What are the Problems With DEX Development? on: Today at 10:56:03 AM
Take Bisq for example. It has not succeeded in becoming a very popular exchange yet although it's not as complicated as other alternatives (BlockDX?) are. Why has it not succeeded?

First of all, alts have high volumes usually due to trading activity on exchanges. Besides trading, they are quite useless to say the least. And even when you have high volumes on centralized exchanges, on decentralized ones it's pretty much nonexistent. If a shitcoin barely has a few million USD in volume on all exchanges together... since they're useless, why bother with complicated versions when you have Binance or so?

Had Bisq become a large-volume exchange with decent fees (fees are crap especially when Bitcoin has a bull run, which is exactly when people trade it the most), devs might have worked on improving the UI even more than it has been so far.

Second of all, making cross-chain swaps is more complicated than it sounds. Not necessarily the swapping part but making sure that if the other party withdraws from the swap, you get your money back or vice-versa. Doing this in a fully decentralized manner is a pain in the arse, especially when there isn't an incentive for it.

The missing demand for such exchanges makes it a long run until we get a working product with some results that provide a high level of user satisfaction. It's not an impossible task, but it's useless if there's no need for it. And if shitcoins are barely used through DEXs, imagine how much volume a LN version of them would have...
3  Bitcoin / Bitcoin Discussion / Re: The mayor of miami sells his city as the world's crypto capital on: Today at 08:25:22 AM
I wonder how this is supposed to work from a regulatory point; the mayor is probably looking forward to cashing in a lot of BTC and limiting the outgoing coins. If the Bitcoin flows first to the people and then from people to the gov, then isn't Bitcoin slowly becoming a reserve currency for the said state?
4  Other / Beginners & Help / Re: Bitcoiners Show Me Your Scars!! on: April 11, 2021, 05:21:15 PM
The "wounded" are quite naive to say the least - is a scam you fell for as a victim by your own fault a reason to leave the markets? Is the greed you had when investing in fake fairy tale-ICOs a reason to leave the market? They weren't for me! Any mistake I made was mine and caused by my greed or inexperience, and with every little mistake you learn more. This is how everyone should take it instead of running away and crying out loud.
5  Bitcoin / Bitcoin Discussion / Re: Bank & Government Crypto on: April 11, 2021, 05:12:53 PM
When you say control, you mean the government has the power to devalue crypto by making it infinite? Isn't that also possible for other cryptos made by companies?
The government will have full control over everything. Supply, addresses, inflation rate, transactions.. Just like banks function today, the digital currency will. The difference is, today you can purchase an item worth $5 using cash without the government knowing you were the dude who's purchased a condom. There likely won't be a possibility to keep it on a Ledger - and even if there is, there will be the possibility that your coins will be seized at any given time if the government wants to.

The currency's price will be stable. Don't imagine a CBDC created by the US would explode past Bitcoin's price due to adoption. No, it will most likely be pegged 1:1 to the USD. We won't give it value. It's still the rich and the bankers who will Wink

Yes, it's possible for other cryptos created by companies too. Once a blockchain is centralized, its users are no more under control. Instead, the control falls into the hands of the coin's creators.
6  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 11, 2021, 05:03:16 PM
I think we get to 75-95k by oct 2021.

I then think we take off with explosive growth.

Pushing beyond 100k then 200k. In a flash.
Same. It feels like 2013/2017; there's some distinct feeling of power accumulation in the market that is only usually felt around the times before an explosive growth.

But I'm having mixed feelings. Again. The same ones I had back in both 2013 and 2017. This time however.. this time's going to be a first: I ain't getting out of the market!
7  Alternate cryptocurrencies / Altcoin Discussion / Re: What skills do you need to have to find new Hidden altcoin gems? on: April 11, 2021, 02:50:31 PM
If technical analysis means analyzing charts, that's only if you want to earn a living from trades. Usually, "gems" are coins that either have some interesting tech more popular coins don't have yet or coins that received bullish news (e.g. binance listing).

If you take a look at every single coin on CMC one by one, you'd think most of them are gems tho. That's because their description makes it sound like they're the next BTC or ETC, when in fact that's BS most of the time. Look for alts that have something new that has the possibility to change the industry/world for the better in a realistic way and, if you want my personal opinion, look for alts that are looking to bring crypto to the masses. Not on exchanges or so, because binance listing is a short-lived event. Don't be deceived by sweet coin descriptions.

Elrond seems to currently try their best (and succeeds tremendously so far) to bring crypto to the masses, and I always said that the first coin to come up with an easily comprehendable tech will be the biggest Bitcoin competitor ever. That remains to be seen though, and to find a "gem" out of the dozens of thousands of coins... requires mostly one quite hard to find skill: enormous luck!
8  Bitcoin / Bitcoin Discussion / Re: Most expensive account ever bought on: April 11, 2021, 10:59:54 AM
because no one can predict the future correctly, no one thought that the BTC that was used long ago to buy something, its value in USD will be very high nowdays.
Would literally be like we'd experience Bitcoin becoming worth $3,600,000,000,000 per coin if we were to compare the price 1 BTC had at the time vs today. That's how unpredictable this was. Who the hell would ever think this is possible?
9  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 11, 2021, 09:57:54 AM
Well, i haven't given them my any personal details except for my mobile number (which they already had)... but now when I'm traying to withdraw my remaining 9.79989008 BTC, its showing very strange message
Ah, there's the scam. They let you withdraw the initial amount saying it's a "limit" and now they're telling you that in order to withdraw the rest, you have to put it back. Wink I guess you'd find out where the scam is only if you give them your free money back, lol.
10  Bitcoin / Bitcoin Discussion / Re: Most expensive account ever bought on: April 11, 2021, 09:53:51 AM
Even those Bitcoin donator members in the forum before, do you think they regret it now?  Cheesy
Probably no. Without that pizza event, maybe Bitcoin would have never advanced to where it currently is. Laszlo sacrificed his coins for the entire community. Nobody here today would do that again for the benefit of everyone else, in a time where Bitcoin only keeps rising in value, signature campaigns exist and so many people are greedy or weak-handed. Back when Laszlo did it, he did it for the good of the community - not to his own.

Those who donated on the forum likely do not regret either. It was back when Bitcoin was close to nothing compared to today, and nobody could even imagine back then that Bitcoin would ever get to this price tag.
11  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 11, 2021, 09:25:26 AM
Another day, another attempt post-$60k apparently & another failure. Curious to see what's gonna happen today, but am I bored? Of the chart, yes. Of the price, no! So much opportunity to buy before we all getting rich

Good morning WO... check this amazing BTC scam...
They're probably gonna ask you tomorrow to deposit a bit in order to withdraw or something. Lots of noobs fall for that unfortunately. Either that or they're more interested in collecting personal info about you than the money
12  Bitcoin / Bitcoin Discussion / Re: Most expensive account ever bought on: April 10, 2021, 08:08:37 PM
You're not alone here - I've paid BTC on stupid stuff back in 2015 when everyone said Bitcoin is dying. I guess a lot of people spent their coins back then, since FUD was on an all-time high..

I think one of my transactions was worth $60 when Bitcoin was somewhere around $170-200, so best case is.. I paid $18k for it
13  Bitcoin / Bitcoin Discussion / Re: bitcoin problems that need to be solved on: April 10, 2021, 04:20:11 PM
I don't think Bitcoin should have to adapt to solve every single issue out there, it simply can't. Altcoins can be much more versatile in this aspect and Bitcoin should focus on its core ideas from when it was created in 2009.
Satoshi specifically mentioned Privacy as part of how Bitcoin works, and I personally think this part of his project has been left behind for many, many years. Sure, we have Tor, but Tor has its own flaws and, worse than anything, it's prone to so many user-made mistakes that basically cancel the entire attempt to improve privacy through BTC.

We're talking about a project that obviously couldn't protect itself from all negative sides and all potential outcomes, especially those that might have not been predicted by Satoshi back then.. one of them being blockchain analysis. His attempt to break the links between coins and owners has failed.

If your exchange blocks transactions, then you probably shouldn't use it. Actual P2P exchange like Bisq doesn't have this issue. Bitcoin is fungible, 1 BTC = 1 BTC.
Not anymore though - my 1 BTC is not equal to your 1 BTC anymore if mine comes from a mixer and yours comes from an exchange. My coins are now considered by most exchanges as tainted. What if your government considers them to be tainted as well, but kept quiet so far?

P2P exchanges like Bisq falls into the same category Monero does. It pretty much anonymizes your trading activity as much as it can. This is why the "XMR is bad" argument falls short imo.. if mixers and Bisq are suggestions, then the way XMR works is automatically a solution and not a problem.

No, it wasn't and people should really stop creating themselves reasons as to why Bitcoin was created for. Satoshi only once used the term fiat money and while talking about the government he actually went against a phrase that claimed the same as you
It would be a big mistake to release a system that works against banks/fiat and publicly advertise it that way if you ever want people to join and support it.

The message he left in the Genesis block says a lot about his intentions. He didn't just randomly choose the article - it was chosen for a reason. When I say "fiat", I am talking about banks as well. I think banks are one of the main parts of how fiat works, and Satoshi's system was created in a trustless manner - something that eliminates the need of banks. Had Satoshi directly mentioned the system was anti-governmental and anti-banks, Bitcoin would have failed terribly.

Maybe I'm being too harsh when I'm calling Bitcoin "against" them - perhaps calling it an alternative to them is a better wording. But even this way, it's still considered a potential competitor. And banks surely aren't happy about competitors.

Bitcoin was created as a p2p payment system, nothing more, it wasn't meant as something to replace fiat, to replace banks [snip]
Abstract: "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."
14  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 10, 2021, 03:36:50 PM
Again: A Double Top is only a Double Top when confirmed (that is, breaking long term support level(s)).
So as far as we can "see", we have a possible DT, but nor very likely, because the ascending triangle forms on a higher, midterm magnitude.
Well crap, should've mentioned that besides the most basic stuff I am pretty much useless when it comes to chart analysis, lol. Thanks for the information.

As I said earlier today, I'm all in anyway. Double top or not, f*ck it. I ain't gonna miss this year's ATH - I've missed enough already!
15  Bitcoin / Bitcoin Discussion / Re: bitcoin problems that need to be solved on: April 10, 2021, 02:21:05 PM
I'd swap Security with Privacy instead, because the problem you're trying to detail is pretty much a privacy-related one. I fully agree that fungibility and privacy are two things Bitcoin is missing, yet I really do not see these coming through future updates unless MW somehow gets into BTC .. which is quite unlikely imo.

Monero is doing so, how is its path to becoming great with all the discussions about it getting delisted from exchanges?

And if you're really concern about the problem of anonymity, then the pretty obvious and simple is in my signature.
The news about XMR getting delisted was an overreaction to what Bittrex has done imo. It wasn't even that Bittrex had to remove the coin or anything - I'm not sure exactly on which news site I read this, but AFAIK, the XMR delisting from their exchange was a personal choice. Ever since, nothing negative has happened to XMR ... in fact, Grayscale wouldn't have thought about Monero had it been a bad choice from a legal perspective. XMR is perfectly fine from a legal standpoint. The fact that governments hate it when we deny surveillance is a different subject...

Privacy is needed. If we have a problem with XMR, I guess we should have a problem with cash as well since it does respect our privacy and it gets closer to what Monero does than Bitcoin.. it's kinda mind-boggling how we've reached the point where not only "tainted coins" are gonna be a reality soon (they partially are, if we consider those exchanges banning mixers/coinjoins) but we're also ignoring the fact that Bitcoin is a great tool for financial surveillance since the average person will not spend their time making sure no personal information gets leaked when they're transacting with BTC... coin control, mixers, CoinJoins etc - they're all extra steps and a lot of newbies come here wrongfully thinking they're going to be anonymous when the reality is pretty much the opposite!

Now one thing I'm wondering is... why are we not improving Bitcoin's fungibility and privacy? Is it that we're scared of the governments' reaction to it? Wasn't Bitcoin released as a counterattack against the fiat system? What are we scared for precisely? If Bitcoin anonymity is an issue, then what's the difference between that and using CoinJoins/Mixers? Cheesy

Another quite interesting/funny thing is.. Binance blocks coins coming from mixers/coinjoins, yet XMR can easily be deposited without issues. This further proves that the more we comply to what the government wants, the more they'll make it sound like privacy is a bad thing. They literally want to say that if you want to be anonymous on a public blockchain, you're a suspect.. while using XMR does not make you one since it has privacy on by default. That's how I take it.. otherwise, where's the logic?
16  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 10, 2021, 01:54:08 PM
So that was it? (again?)
Doesn't Bitcoin usually explode through a bull run after calm times? I feel like Bitcoin has been awkwardly chill in the past few months, something has to happen soon.. perhaps Monday? So far all we have is a double top as far as I can see..
17  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 10, 2021, 11:50:45 AM
people can do what they want but im with the science on this one. ive got comorbidities so ill let the deniers take the chance of long term organ system damage from catching covid.
I see it as a double-edged sword, but one of them is a choice while the other is just a possibility.

I am still waiting until the vaccine is studied more. I think it's fair to say that some of us are here, on BTCTalk, specifically because they don't like having to trust. I'm one of those guys.

At this point, I have a few friends who've received either their first dose or both. While some of them have had a few days of fever and other mild side effects, one thing I know for sure is that they all did need at least a few days free from their work due to how bad the side effects were. I have a few of them who've had quite bad ones though - they were never against the virus/vaccine, yet they said very loud and clear that "they thought they wouldn't be able to go through the side effects and it was just the first dose, so I shouldn't be surprised if they won't be able to go through the second anymore".

On the other hand, one of them was infected with the virus after taking the shot.

Something I don't know is what the longer term side effects are. Right now, we're comparing the chances of having bad adverse effects + the possibility of still being infected with the virus vs not taking the vaccine, which still has the possibility of being infected. But the difference is that the vaccine is a choice, and you're choosing to possibly have adverse effects through a substance that possibly protects you from the virus. Makes sense?

As you said, the virus is mutant. It means that even if I take it and everyone else in .. say Europe does, there will still be someone in India who might get another variant and it's going to still spread across the globe. The fear that, once vaxxed, you are going to receive a new variant from someone non-vaxxed does not make much sense in my opinion specifically due to the fact that this is quite uncontrollable and invisible.

At this point, the only thing I really wish is that the vaccine does not become mandatory because while you fear the long-term virus effects, I fear the long-term effects the vaccine plus the virus might have on my body. I don't trust those corps making vaccines, at least some of them. Especially J&J, which is known for their quite ugly lawsuit.

Right now, it's a complicated scenario where everything is pretty uncertain. We don't know what kind of other variants of the virus will appear, we don't know what the long-term effects are post-infection but we don't know those of the vaccine either.. it's all just an uncertainty and I think the worst thing I can do right now is take rushed choices..
18  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 10, 2021, 09:37:38 AM
It's been x6 since last time he came for a visit. I think we won't talk about that.
A close friend of mine put a very modest sum in alts after I convinced them to just try cryptocurrencies out. Whenever BTC dropped, I suggested they should start investing and DCA-ing Bitcoin instead. A $100 investment took over 4 years to get to $150; by now, if they invested in BTC instead from the start, they would've had over $6k.

This psychological thing with BTC's price tag works so well it annoys the hell out of me. If you considered Bitcoin expensive every time I recommended you to invest, which was at $700, $1k, $3k, $5k and $10k, it's STILL going up and you STILL consider it expensive even today then I don't even know anymore!
19  Bitcoin / Electrum / Re: Electrum Android.. sending Unpaid on: April 10, 2021, 08:59:47 AM
Might be saved as an Unpaid invoice because you're clicking the floppy disk icon instead of the "Pay" button. Upon launching Electrum, click the Send tab, paste the recipient (this is the address you want to send to!), fill in the amount and press the "Pay" button. Set the fee rate as high as you want and click Send. Does that not work for you?
20  Bitcoin / Bitcoin Discussion / Re: I have $150,000 US dollars and my target is a 10x gain. Stop me going all in now on: April 10, 2021, 08:36:14 AM
The same argument is still valid, just add a few zeros to the $10,000.
Oh, and the real inflation and trouble hasn't even started yet!

Also, from this year on, BTC annual inflation rate will drop for the first time below USD's. This is a historical moment and I think the potential outcome of this or the next halving is absolutely crazy.
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