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@OP I really appreciate your tutorial tungkol sa trading, binasa ko rin iyong mga previous thread mo at sana me continuation pa ang thread na ito at ishare mo pa ang mga knowledge mo about sa trading. Marami kasi akong natutunan sa mga thread na ganito.
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Parang kailan lang tanging coins.ph at Union bank lang ang naaalala kong involved sa cryptocurrency. Ngayon pati Gcash at Maya saka ibang mga banks ay nakita na rin ang potential ng cryptocurrency. Sana mas marami pa ang magadopt ng cryptocurrency sa ating bansa. Kung sakaling maging successful ang pouch sa pagpapalaganap ng Bitcoin adoption sa merchant baka mas lalong mapabilis ang pagdami ng mga financing services na magadopt ng cryptocurrency.
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Another factor is the mind set of rich people and poor people. They have different mind set that resulted in different outcome. Rich people mindset is to make their expenses as investment and since they have money to spend, they often create a business that is connected with their hobby or interest and get profit from it. While poor people's mindset is to spend money to satisfy their interests.
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Convincing people to invest in bitcoin means to force them to invest without having any interest to invest. Instead of convincing people to invest in bitcoin, it is better to teach them bitcoin and the reason why bitcoin is important in this modern aga. In making people to have understand bitcoin it will make them to develop interest in learning bitcoin more and if they eventually take decision to invest they will not hold anyone responsible for their lost like when they are forced to invest.
There is a thick line between convincing and forcing them to invest. This two action is not similar. Convincing them is "to make them believe that something is true" while forcing them is coercing them. There is a huge difference from convincing and forcing since forcing use power which what coercing is about. So it is not right to say that convincing them is to force them to invest even without interest. Convincing is like to make them have interest. |
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Bitcoin mining was first done with CPU, then it improves and done via GPU. After some years, ASIC had been introduced and now it is mainly the miners used since GPU and CPU hash power is obsolete to compete against ASIC miners. There is also some point in early years that botneck is used to mine Bitcoin. This is a person injecting malware to several private computers in order to mine Bitcoin for him.
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I think the title is exaggerated. No matter how many sidechain is created on Bitcoin, it won't reach that price in just a matter of 9 years. I am always open to the possibilities but we should also look at the target timeframe. In 9 years time, I doubt Bitcoin will be adopted by develop countries because Bitcoin has a feature that is the main issue why majority of the countries are not accepting it as legal tender.
It is the decentralization that prevents government to control it completely. I would say $1M bitcoin is still vague to happen even after 9 years what more $10m.
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in bitcoin core is it possible to create a new reception address if the wallet isn't fully sync? Or do we need to fully sync the wallet before I can process to create new reception address?
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I believe a new Four Year Cycle has started. But I do not have confirmation of it. And that's OK! In this video, I describe why that it is. As investors, we're looking to gain allocation at the right times, and to reduce allocation at the right times. With the benefit of hindsight, I believe this will end up as one of those times. The Model Portfolio ADDED to positions. Here is the model portfolio https://bitcoin.live/4yearcycleThank you for being on this journey with me over Four Years! Here is to another Four! All the best. Video Title: The NEW 4 year Cycle Video Link: https://www.youtube.com/watch?v=ou9i-zfZVvkNote to remember: The video do not attempt to predict the bottom but rather talk about the new 4 year Bitcoin cycle. Since the author thinks that we are now venturing in a new 4 year cycle. Sharing this video since it has been proven that people who were guided by the four year cycle discussed by Bob Loukas had ended in a positive gain. It can be supported by the given reply on the video. This is not a financial advice but rather gives concept on how Bitcoin behave and some insights of the author. I believe there are lots of learnings in this video and keeping it will be too greedy for me to hoard the information.
My previous thread about the 4 year cycle discussed by Bob Loukas : The Birth of a Cycle (Current Bitcoin 4 year cycle is about to end) |
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-snip- You are confusing airgapped wallets with broadcasting transactions. It is of course entirely possible to run an airgapped wallet and transfer signed transactions to an online computer in order to be broadcast. What OP is asking is what to do if you do not have an online computer in order to broadcast your transaction. I am not confusing airgapped wallets with broadcasting transactions as far as I know, you see the hr on the reply before I stated methods of sending transaction offline, there is no way I stated a broadcasting transaction on that part did I? I just summarized what had been discussed on the earlier replies. Anyway, still thank you to the clarification. In this case you need to use something like radio (as I've discussed earlier in this thread) to send your transaction to someone who does have an internet connection and can broadcast your transaction for you. Indeed since this idea and procedure had been brought up in the earlier replies I think there is no need for me to reiterate what you had been explained since it is very clear and easy to understand. |
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There are methods stated on the earlier replies to send Bitcoin such as hardware wallet, QR code scanning etc. But at the end of the day it needs to be broadcasted online for the blocks to confirm. So there is no way to complete a transaction without using the internet. It is worth noting that sending Bitcoin offline is way more complex than sending Bitcoin through internet. Although these method increase the security I believe it has its own set of risks and limitation.
Methods of sending Bitcoin offline as stated on earlier replies - hardware wallet
- paper wallets
- QR code transaction
- Air gapped device
- infrared
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Any advice welcome, we want to start something mainstream which shows the masses that bitcoin can be used
literally for anything.
First of all you need to be easily discovered by people or merchant searching for such service so I may suggest that you give thought on - Search Engine Optimization
- Social Media Marketing
- Content Marketing
- Paid advertising
- PR and Influencer Marketing
- Affiliate Marketing.
Security of course should be the priority and some suggestion had been given by the earlier reply. But any good or better service will be in vain if they are not discovered by target audience. |
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I read from an online source that in order to implement a protocol to boost Bitcoin usage you need to: Some of the key technologies that you'll need to learn about include:
Bitcoin Script: A programming language used to create Bitcoin smart contracts.
Bitcoin Core: The reference implementation of the Bitcoin protocol.
Bitcoin Wallet: A software application that allows users to manage their bitcoin transactions and addresses.
Bitcoin Payment Protocol (BIP 70-73): A set of standards for securing bitcoin payments.
Bitcoin Network: The peer-to-peer network that enables bitcoin transactions.
Bitcoin Mining: The process by which new bitcoins are created and transactions are verified.
Bitcoin Scripting: A set of scripts used to create Bitcoin smart contracts.
For learning these technologies, you can start by studying the Bitcoin Core documentation, the Bitcoin Script documentation, and the Bitcoin Wiki. Additionally, you can find a lot of resources in the Bitcoin Development community, such as Bitcoin.org, BitcoinTalk, and Bitcoin StackExchange.
It's important to note that creating a PoC of a complex protocol like the one you described is a significant undertaking, and it will likely take a lot of time and effort to complete. It's also important to be realistic about your abilities and be willing to seek help when necessary.
I hope this information helps you to get started. I hope it helps and just disregard it if it didn't  |
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If there is no chance that outside factor can affect that transaction, it is possible that the malware is from the downloaded file itself. It is possible that you have downloaded an infected or modified exodus wallet file that was injected with hijacking script that transfer your received Bitcoin automatically. There is no other reason than what I stated since you have zeroed out a third party intrusion.
It looks like there is a lot of cases like this that is using exodus wallet. https://www.reddit.com/r/ExodusWallet/comments/ug7vai/my_exodus_wallet_got_hacked/That is why I stop using exodus due to this there is no difference from what other people experienced using their wallets so I guess it's an inside job. For now, there is no way to reverse the transaction and I suggest switch to a better wallet like Electrum or hardware wallet.
I also think that it is highly likely an inside job. |
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What you would also need to consider that New York and Texas beginn to regulate or even ban crypto mining in large quantities.
Since most of the hashes is located in New York and Texas, if these state regulate to the extent of banning crypto mining in large quantities, it will have a huge impact on the cryptocurrency. Imagine a sudden huge decrease in hash will affect the bitcoin performance since the difficulty needs two weeks to readjust. During those time it would be hard for the Bitcoin hashrate to solve blocks due to very high difficulty in ratio to the existing hash rate after mining farm in the two state close. Second it also affect miners since they need to relocate which may result in increase energy consumption and maintenance costs for those miners. It also affect the economy of the state and employment of people that works on that sector. More or less it will have a negative impact on the sector stated if ever the two states implement ban on crypto mining in large quantities. |
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Bitcoin lightning network need both parties to make (receiver and sender) a payment on top of the transaction because of the structure of the lightning network being built on top of the Bitcoin blockchain to enable fast, off chain transaction which is called the commitment transactions. So the reason for the payment on top of the ongoing transaction is to enable a fast off-chain transaction. A commitment transaction is a type of transaction that locks up a certain amount of Bitcoin in a 2-of-2 multi-signature address, where both parties have the ability to spend the funds. This creates a "channel" between the two parties, allowing them to make an unlimited number of transactions without having to broadcast each one to the Bitcoin blockchain. You can find more explanation here: https://medium.com/softblocks/lightning-network-in-depth-part-1-payment-channels-b943607950dd |
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I believe we must have seen or heard about fire outbreaks, where buildings are completely erased by fire. Imagine if the owner or occupant of such a building has some Bitcoin assets, and has his/her phone, tablet, laptop and the seed phrase piece of paper in the building and everything was lost to fire. Now, this brings me to the question... Can seed phrase be memorized? It's advisable to memorize seed phrase?
If you have great retentivity then by all means memorize your seed phrase though I won't advice to only memorize the seed phrase, you still need a physical back up of the seed phrase for security purposes and place it in a condition that the medium that holding your seed phrase is water proof, rust proof, fire proof and insect or termite proof. Even if a person has high retentivity, there is always a possibility that he will forget things, so to avoid lost of our Bitcoin due to forgetting the seed phrase it is always best to have another form of back up. |
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This is an opinion by Matt Smith, an operations officer for the United States Air Force and an assistant professor of aerospace studies at the University of Nebraska-Lincoln as the article[1] stated. Titled FOR THE U.S., BITCOIN IS A NATIONAL SECURITY OPPORTUNITY, NOT A THREAT The article stated two pointers: 1. DIGITAL CURRENCY CAN NO LONGER BE IGNOREDPart of the most recent NSS, under the “Trade And Economics” section, states, “[the U.S.] will explore the merits and responsibly lead development of digital assets, including a digital dollar, with high standards and protections for stability, privacy, and security to benefit a strong and inclusive U.S. financial system and reinforce its global primacy.”
Despite being labeled “magic internet money” and “rat poison” over the last decade, the rise of Bitcoin secured its credibility and since then, has gradually made its way into committees and boardrooms consisting of members holding the highest positions of influence. It can no longer be ignored. The aforementioned excerpt of the NSS provides important insight into the executive branch’s current view of the growing significance of developing digital assets like Bitcoin.
One driver for this growing interest into digital assets is undoubtedly the U.S. national debt, as the nation currently runs a $31 trillion deficit with no sign of slowing down. Senator Rand Paul recently acknowledged that “the greatest national security risk is our debt” after the release of a single, $1.7 trillion (or roughly 95 million bitcoin, in today’s value) spending package. The mountain of national debt is certainly a cause of concern. 2. THE U.S. CAN ADOPT BITCOINHowever, there may not be a need for the U.S. to invent a domestic digital dollar as Bitcoin fits the criteria that the NSS details. Bitcoin is the hardest form of money and provides the highest standards of protection to individuals. It is the most stable digital asset as it continues to release a new block every 10 minutes, and is the most inclusive monetary protocol as it allows not just individuals with social security numbers and two forms of government-issued IDs to access its benefits, but its open-source protocol grants protection and services to everyone including the 1.4 billion unbanked people across the world while the Lightning Network promotes efficient transactions, arguably the most important dimension of a globalized economy.
As more individuals, companies, banks and countries are forced by the market to pay out loans in bitcoin instead of notes, holders of the largest bitcoin stacks will naturally gain more influence. Its built-in deflationary nature and absolute scarcity features ensures that 100% of the work and value created by people is enjoyed and never diminished through monetary debasement. Lastly, Bitcoin’s enormous defense system discourages bad actors as the cost of attack has become too great and thus forces peaceful and mutually beneficial agreements.
In every sense, the Bitcoin protocol perfectly aligns with the core values of the United States and its national security strategy. Contrary to what some senior officials claim, Bitcoin does not generate a national security risk. Instead, ignoring the Bitcoin network would significantly impede the U.S.’s ability to pay its national debt, “outmaneuver [its] geopolitical competitors” and weaken the country’s economic instrument of power, which aims to leverage the country’s wealth to influence the behaviors of others. Thus, further delaying Bitcoin adoption is the national security risk.
I agree with the opinion of the author, instead of creating and spending billions of dollar in creating infrastructure of CBDC the US can just adopt Bitcoin since as the article stated, it fits that criteria the NSS details. But I bet the people who is in authority will reject the idea because they will definitely think that they will lose control over the finance system of the government but I believe adopting Bitcoin as an alternative mode of payment won't harm the financial structure instead it opens lots of opportunities and business venture that can help the economic situation of the country. Upon reading the whole article this leave me thinking, is it possible for the US to think the same as the author and accept Bitcoin as a National Security and not a threat? Personally I doubt that since financial institution are hostile whenever an entity disrupt their traditional epic fail system.
[1] https://bitcoinmagazine.com/culture/bitcoin-is-national-security-for-u-s |
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