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July 07, 2024, 06:57:39 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
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 71 
 on: Today at 11:44:43 AM 
Started by The Hidebehinder - Last post by MeGold666
Every halving people make the same claim and every cycle we only see hashrate rising since miners are making more money than you think.
Far from the truth:
https://www.youtube.com/watch?v=sw6aMxaNmXA&t=416s
I don't know if you're familiar how difficulty works but tl;dr: More network hashrate = less profit for most miners.
It's a fight for who eats most of the cake and it's getting centralized due to competition outperforming smaller miners.

Wrong. The goal of Bitcoin has always been to create a decentralized payment system.
This does not make my statement wrong, the goal was simply not achieved and postponed due to endless promises of the failed project called Lightning Network.

If you want adoption to grow and Bitcoin not to be replaced by something else (and die) you should wish bitcoin remains usable. That requires low fees and no spam attacks exploiting the protocol.

So how the network suppose to survive on low-fees when there will be not enough block reward to sustain the mining operation ?
Miners are already shifting towards AI learning and replacing their ASIC machines with HPC in their facilities.

This is the biggest problem of Bitcoin - instead of fixing known issues with known solutions, people just wish everything will be alright.

Here's a little song for you:
https://www.youtube.com/watch?v=mg5QAO72eLo
  Wink

 72 
 on: Today at 11:40:47 AM 
Started by Sky_T - Last post by btc78
If I have a client that wants to invest in Bitcoin or any other cryptocurrencies, but he/she does not have any actue ideas on how the Bitcoin ecosystem works. How do I convince such person? what are the smartest ideas and informations I need to share to such person inorder to align with their vision?
First of all you mentioned that your client wants to invest in bitcoin meaning they are already interested and they probably do not need much convincing. Well I would suggest since this is a professional setting you come up with a powerpoint presentation explaining what is bitcoin, how does bitcoin work, and why should your client invest in it.

You also can provide more resources for your client to check out should they be interested in reading further about bitcoin. I suggest passing over the basics as to not overwhelm and confuse your client. Remember to not push your own opinions onto your client as you can drive them away.

 73 
 on: Today at 11:38:54 AM 
Started by EluguHcman - Last post by avp2306
If the parent know about bitcoin then provably the best approach for their parent is to save whatever amount they can on regular basis to have certain stake for future of their child we know bitcoin potential is unimaginable and there's a lot of room for its value to grow.

But the story goes in other way if they don't know about bitcoin. Since everything will be in bad position if they don't know what they are dealing with. Bitcoin is stressful asset due to its volatile feature so people who deal with it should learn about this first before they enter the scene. But there are lot of time for them to do a research since everything could be learn if people will just show some willingness to learn.

Bitcoin is the most coolest asset since if they save it in fiat then maybe they lose some value due to inflation.

 74 
 on: Today at 11:32:13 AM 
Started by NotATether - Last post by MeGold666
...and to those who blindly followed him, they will have a chance to get their funds back with enough proof they have.

And lose their money to the next scammer in line, people like this never learn.

 75 
 on: Today at 11:31:17 AM 
Started by The Hidebehinder - Last post by pooya87
You don't want cheaper transactions in Bitcoin as miners are already struggling to stay alive with the block reward that was recently cut-off by 50%.
Every halving people make the same claim and every cycle we only see hashrate rising since miners are making more money than you think.

Quote
The goal of Bitcoin is to have more expensive transactions with time.
Wrong. The goal of Bitcoin has always been to create a decentralized payment system.

Quote
If you cheer the idea of "There will only be 21M" then you should also cheer whenever tx fee goes up.
If you want adoption to grow and Bitcoin not to be replaced by something else (and die) you should wish bitcoin remains usable. That requires low fees and no spam attacks exploiting the protocol.

 76 
 on: Today at 11:29:53 AM 
Started by NotATether - Last post by yazher
The problem with him is he was gathering funds from his fanatics fans who believes that he was really Satoshi and they gave him whatever he ask for and now they obviously regret their decision.

This is good news because someone will quickly move his assets somewhere safe after he got busted and to freeze everything means they cannot benefit in it anymore and to those who blindly followed him, they will have a chance to get their funds back with enough proof they have.

 77 
 on: Today at 11:25:35 AM 
Started by obtainhigh - Last post by kryptqnick
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.

 78 
 on: Today at 11:14:52 AM 
Started by cygan - Last post by SickDayIn
ACINQ which are the developers of the Phoenix Wallet, are also one of the main developers of the Lighting Network itself. We can expect that whenever there is an upgrade to the Lighting network (for example to BOLT12), there should be seamless and timely integration for support in the Phoenix Wallet.

When I get some spare time (which isn't often), I might emulate Phoenix Wallet and perform some white-box security testing to see what it's like. It's been in development since 2019 and has a strong team around it though, so looks like a great option for mobile users.

For those who don't know, Bolt12 is superior to Bolt11 in two particular areas:

  • Reusable payment requests: You don't need to generate an entire new invoice which expires every time. That makes setting up a lightning wallet on the web much less complex. (For example, you can start receiving tips in your forum signature.)
  • Privacy: In Bolt11, the node ID of the receiver is disclosed, as opposed to Bolt12. This means that now, payments can be made privately by both parts.
Yeah, BOLT12 effectively allows the invoice to be used by anyone as an "offer" - and doesn't need a specific destination. Kind of like a real invoice, just having a balance that needs to be paid, but it could be sent to anyone, or as you mentioned published in your BitcoinTalk signature for anyone to use. An extra benefit is that the reduction is data size required for the invoice. Might seem small on the surface, but long term it makes it more scalable.


 79 
 on: Today at 11:12:07 AM 
Started by SickDayIn - Last post by Kliss
Before investing in other altcoins, research should be done properly. Not everyone understands that investing in altcoins is risky especially for holding on a long-term basis. Other cryptocurrencies seems to be on the rise every day and individuals will continue to invest in other altcoins because of the of quick gains and unrealistic promises it offers.

Holding Bitcoin especially for a long-term have proven to be beneficial and profitable to investors who held onto it. Bitcoin shows to be resilience to withstand the test in time without losing value,  unlike altcoins that lacks the capacity to withstand and recover from difficulties faced in the crypto market. Due to the volatile  nature of cryptocurrencies, investing in a crypto that cannot recover might result to loss of funds. Holding bitcoin is a preferable choice over altcoins because of it resilience,  longevity and potential growth.

 80 
 on: Today at 11:10:13 AM 
Started by EluguHcman - Last post by dunfida
All this discussion can honestly just be boiled down to one solution: Diversification.
Good but in crypto only bitcoin should be the asset to be considered, not altcoins. When the forum members here become parents they would likely want to keep much of their child's savings in diverse assets, including bitcoin.

I at least know one such proud dad who have kept bitcoin for their daughter @BitcoinGirl.Club and then there is also @TheBeardedBaby

Bank deposits are important, we have to be logical here and not cultish. In that way diversification is a key word here.
Bank deposits should also be a must for each of us here, regardless of the age. But we should not only focus on fiat savings, but learn to invest as well so we can also earn from our investment profits including from bitcoin. And by making use some of our bank deposits to invest in bitcoin, that's quite risky but has always been a wise option. At the end of the day, we will not only maximize our fiat savings but even earn a good amount of bitcoin as well that will definitely help us to prepare a bright future for our kids and even for our own retirement soon.
It's true that I have some of my asset for my daughter in bitcoin form. In fact Bitcoin is an investment for me. I don't prefer cash. When you save fiat, you are basically losing the value each year but when you make investment [I also suggest to invest in real estate, properties, gold] then you are giving more benefit to your future.
Yes, dont only focus on a single point on which this one would really be the key on which you could somewhat assure yourself that you could be having that multiple sources in the moment that you would really be needing those things. This is why it would really be that recommended that you should really know on what are the things that you should gonna do since we are talking about future of our kids then it would really be that wise that we should really be that putting up focus on which one would really be that worth. Yes, fiat would really be having that decreasing value as years passing by because of inflation but we do know that majority would really be that still trusting fiat among the rest. For those who do know about Bitcoin or crypto then they would really be having that another approach on which this is something considerable as well.

The thing on here is that you do know about the risk involved when dealing up with crypto. You should know that there would be no guarantees about having that kind of good value in the future.
Everything would really be still that speculative.

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