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July 07, 2024, 05:41:50 PM *
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 31 
 on: Today at 02:39:43 PM 
Started by DrHodler59 - Last post by Apocollapse
Use cases and utilities cannot guarantee the sustainability of bitcoin, we need more factors to evaluate the sustainability of bitcoin.
Bitcoin is the only one coin that is safe against centralization, can be send to anywhere, and secure, do you think it's not enough?

There are no assets that completely decentralized, borderless and secure except Bitcoin.

Fiat = Borderless, not decentralized and not secure.
Gold = Less decentralized and secure, not borderless.

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Even though we are bitcoin investors, we should be realistic and not worship it blindly.
That's true, that's why I never say Bitcoin will change someone life, Bitcoin will make you rich etc.

 32 
 on: Today at 02:25:16 PM 
Started by takuma sato - Last post by stompix
But that doesn't consider the actual dynamic between the miners - who are also speculators, mining difficulty, and the price of Bitcoin. Those parts are constantly moving that lead to whether a miner adds more hashing power, or reduces hashing power. That's the current reality. Running some of their hashing power for A.I. systems "may" become part of the rotation, but saying that Hashing as a Sybil Protection Mechanism is a "thing of the past" is simply wrong. It's the future.

There is no mysterious dynamic here, lower income less hashrate, that's it!
Q2 has ended and you can see that despite newer models replacing older with better ths/joules we have still gone down 5%.
Have the coin drop to 50k and you will see how much miners care about dynamic as they shut down!

Also, miners don't protect against a Sybill type attacks, that's what nodes do!

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So you don't believe that computers will be faster 20 years from now ?
Check the CPU frequency 10 years ago, and now. Compare it:
There is one problem with that approach: verification. Sending the whole chain is not a problem. But verifying still is. And what is the bottleneck of verification? For example CPU speed, which depends on frequency:

Can you please explain how doge manages to validate 10x the blocks as Bitcoin with all this CPU limitations mumbo jumbo?
Do they use some much wow shiba CPU that are different?

Rather than keep on talking about CPU limitations how about we do something else, see what the limit of the average CPU now in verifying a block is compared to the average CPU back in 2009, cause there might be a surprise! While you're at it you might also explain to me why the mother of all shitcoin cumwrightvision didn't break with 100MB blocks!

 33 
 on: Today at 02:23:07 PM 
Started by NotATether - Last post by Zoomic
With all this that is happening to Craig Wright right now, you all will agree that Satoshi made the right decision when he disappeared and made himself (or themselves) unknown to all. Satoshi would have gotten himself in many troubles just like Craig Wright with the government and even his close competitors if he didn't leave when he did.

I just hope Craig Wright rests now from all the lies he is instigating against himself, drop the pride and save himself from further legal troubles as all his acts of deceit over the years has not really been in his favour. We just hope the court's ruling marks the end of Craig Wright's entanglement with Bitcoin.

 34 
 on: Today at 02:19:08 PM 
Started by serjent05 - Last post by Apocollapse
Something I haven't seen mentioned here is the 1Feex account, https://mempool.space/address/1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF which holds nearly 80k Bitcoin.  Now there is a good chance that the keys to that address are lost forever but if they do ever turn up would these coins be distributed to creditors as well? As far as I can remember these coins were stolen very early on, but they should still belong to the assets of the exchange.  Would be very interesting if these coins ever did move again.
That address belong to hacker, if you think it's belong to the exchange or Mt.Gox, it's high unlikely. Even the hacker will move the coins, it will not distributed to the creditors. Probably the hacker is scared and trying to find a way to cash out without leaving any trace, that's why he hadn't move the coins.

That was essentially a "fixed deposit" kind of situation.
Still, Bitcoin give better return than the fixed deposit. Cheesy

 35 
 on: Today at 02:13:00 PM 
Started by Findingnemo - Last post by stompix
OK, let me try another angle, because IMO fiat money is more complicated than bitcoin.
You are making money from holding bitcoin, or you have a chance to make it in the fiat world.
With bitcoin all you have to know is how to secure your coins and how to transact with a wallet which isn't much more difficult than using a bank app on your phone.

Oh really?Let's compare using a card with a wallet!
I enter the store, I put my groceries on the table, I swipe my card , I'm out!
With btc, I enter the store, I go to the cashier, I have to see how much that is bitcoin, I have to input the amount, select the fees, have to look at the mempool, be careful for the value not to slip as I might underpay...
Are we even comparing the two?

The only solution to make it simple would be a 3rd party but that would kill the idea of p2p!
Some need to understand that BTC was not designed to be easy to use, it was designed to be a p2p currency, just as how torrenting isn't as easy for the average Joe as pushing the Netflix button on the remote, Bitcoin isn't as easy to utilize as a credit card for the masses!

When you choose fiat money you have to set up a company, get a name for the business and register it. You have to prepare invoices for your clients, get a credit card terminal, a safe to hold cash, a printer to print receipts. You need an accountant that will do all the paperwork for you once a year when you have to file taxes. You have to manage money that you hold in the bank because if they just lay there you'll lose at least 5% a year... Isn't bitcoin simple compared to that?

It's the same paperwork and even more if you accept Bitcoin, you still need a company, you still need a business license, you still need to file taxes and an accountant! What you're suggesting is working unlicensed and doing tax evasion!
But let's drop the obvious arguments!
If BTC would be that simple, and if we have 20% of the population owning crypto, why don't we have even 1% of the shops in major cities in the Western world accepting crypto? Pretty obvious answer!

 36 
 on: Today at 02:11:13 PM 
Started by SickDayIn - Last post by Notalony
When it comes to holding potential, Bitcoin stand to be the best coin, historically it has been making a new all the high, so holding for long term for like 4 years and above will really much profitable, Bitcoin when it falls it rises again unlike most of  other coins when they fall they don't rise easily, to make the long story short, the performance of Bitcoin always determine the performance of other coins.

 37 
 on: Today at 02:09:38 PM 
Started by obtainhigh - Last post by Faisal2202
The developments and latest news you shared are not the latest anymore because they are like 4 to 5 days old if I am not wrong. But still, it's a good thing you created this thread it will help to get an overview of what's ongoing in the current market. I also heard the news that due to this downtrend, BTC miners are also losing and only 5 miners are making profit at the price of $54k (source)
It's an interesting selection of news, but I don't get the colour choice and why it's 6 news in one thread. The op is fairly new, so perhaps unaware that it's more convenient to discuss separate news in separate threads so that people stay largely focused on one topic.
What I find even more peculiar is that none of the six links the op shared work, I get the same error 404 for all of them. The information isn't made up, but some information is pretty old for it to qualify as news. For instance, the Supreme Court ruling and Strike UK payments were news over a week ago, and news articles about BTC mining difficulty date back to March and April.
You are right, the news is old but I don't get the 404 errors for the source links, maybe its an error on your side, because these links lead to Coindesk and some other famous new outlets. I also think OP is putting extra effort into making sure his post looks beautiful with these colors haha.

 38 
 on: Today at 02:05:48 PM 
Started by serjent05 - Last post by BoB_Bass
Something I haven't seen mentioned here is the 1Feex account, https://mempool.space/address/1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF which holds nearly 80k Bitcoin.  Now there is a good chance that the keys to that address are lost forever but if they do ever turn up would these coins be distributed to creditors as well? As far as I can remember these coins were stolen very early on, but they should still belong to the assets of the exchange.  Would be very interesting if these coins ever did move again.

 39 
 on: Today at 02:04:52 PM 
Started by Hunter.Liu - Last post by ebbe52e5
hi ethan, thanks for your great job. will you please send me a little sBTC? I want to try.

MY SIGNET ADDRESS: tb1qudr5u98mx4k04x6xudeh0xgmulx3uy4gd86289

Thanks again.

 40 
 on: Today at 02:00:20 PM 
Started by JamesNZ - Last post by FatFork
Another shity thread from a long term spammer and Bitcoin hater. No need reading this guys, it's just full of shit. Let's leave it for his likes Smiley
Why would I hate numbers on the screen? I hate people like you that spread lies and propaganda with the purpose to extract good numbers(fiat) from the public and dump them bad numbers(crypto). People like you were either stupid, greedy or naive to join these idiotic crypto schemes, others dumped bad numbers on you and now you're forced to spread lies and propaganda to dump them on someone else. So it is people like you what I hate. Not numbers.

Why would you hate anyone? Your anger is misplaced. Not everyone involved in crypto is out to scam people. You can't educate people about something you know absolutely nothing about yourself. You are a proven ignoramus and use lies and distortions to cover up your ignorance. If you're frustrated, focus that energy on understanding the technology instead of throwing out baseless accusations.

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