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June 28, 2024, 01:05:15 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
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 81 
 on: June 27, 2024, 06:30:53 PM 
Started by MainIbem - Last post by adultcrypto
It is only those who are new to bitcoin that will still doubt bitcoin to this point when it is obvious that bitcoin will always bounce back no matter how low it goes. The last bear market actually tested the faith of many people but in the end, bitcoin bounced back stronger and better and that should show that bitcoin has come to stay. Even though jumped into the market at the peak of 2021 bull run were in good profit this year when bitcoin reached $73k, so it is just a matter of holding and never to panic and sell.

 82 
 on: June 27, 2024, 06:29:23 PM 
Started by DrHodler59 - Last post by MeGold666
...Bitcoin Layer 1 is something like Fedwire; it is only used for settling high-value transactions. Further building can be done on Layers 2 and 3, etc. The Lightning Network can perform millions of instant transactions per minute, but there are still significant challenges.

Don't forget about layer 4, 5 and 6

What a clusterfuck...

The challenges in LN are unfixable, first you would need to modify Bitcoin protocol which is written in stone.

Have you ever researched what the Difficulty Adjustment is?

Have you ever researched what 51% attack and centralization is ?

It's like talking to kids, what a waste of time.

 83 
 on: June 27, 2024, 06:26:20 PM 
Started by DrHodler59 - Last post by BitGoba
There are many but for me the biggest one is the deadliest one for the project:

The unsustainability of mining due to halvings, two more halvings and it's over if nothing is changed.
There's also a threat that this mining companies will switch to more profitable and less demanding projects way before this halvings.

This companies will reevaluate at some point and numbers will speak in which direction to go.

That's the biggest risk around Bitcoin. Once mining companies stop making profits from mining, they will surely switch to a profitable crypto to mine. Because most of the mining companies are businesses. They won't run the machines unless they see a way to make profit out of their mining activities.

Even if they do, they will solely have to depends on the transaction fees which may not be sufficient and as a result bitcoin transactions will become more expensive than the current level.

I am sure the Bitcoin Developers will think of a way out of this.
Have you ever researched what the Difficulty Adjustment is?







 84 
 on: June 27, 2024, 06:24:42 PM 
Started by MainIbem - Last post by MeGold666
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Binance are run by scammers who were caught lying to their customers when they were trying to withdraw non-existent coins Binance have sold to them.
So stop advertising this scum.

 85 
 on: June 27, 2024, 06:24:32 PM 
Started by Princess Leah - Last post by FinneysTrueVision
Back when I first heard about Bitcoin, I didn’t have a credit card or a bank account so even though I would have liked to have invested in it I just didn’t have the means to do it. I considered doing an in-person cash trade through Local Bitcoins but I never really found the right opportunity.

Bitcoin just became too popular too fast and this is why most people missed out on getting in earlier. We can’t really change the past but we can still take advantage of future price gains by accumulating in the present.

 86 
 on: June 27, 2024, 06:24:19 PM 
Started by Bitwave01 - Last post by OgNasty
While I do think that the coming ETF will do wonders for the value of Ethereum, that doesn’t necessarily mean that Bitcoin will lose its shine. This could very well be a case of a new emerging asset class attracting investment from traditional investors. As such, diversified options aren’t the worst thing. A rising tide lifts all boats.

 87 
 on: June 27, 2024, 06:20:55 PM 
Started by DrHodler59 - Last post by BitGoba
If someone criticizing Bitcoin is slow and expensive, I don't think there's an answer because it's a fact.

There are many altcoins that faster and cheaper than Bitcoin, although they have many disadvantages that actually these are Bitcoin's advantages like decentralized, secure, and trustworthy.

We have side chains and layer 2 for Bitcoin, but it's not as safe as the on-chain.


Bitcoin is criticized either by cunning fraudsters and shitcoiners or by regular nocoiners who still live in the fiat matrix and do not yet understand what Bitcoin is and what money is. You need to understand that Bitcoin is not Visa or Mastercard; Bitcoin is a monetary network and protocol. Bitcoin Layer 1 is something like Fedwire; it is only used for settling high-value transactions. Further building can be done on Layers 2 and 3, etc. The Lightning Network can perform millions of instant transactions per minute, but there are still significant challenges. The problem is that Bitcoin is decentralized; there is no foundation, no one taking care of Bitcoin. This is unlike scam altcoins, which have entire teams of developers and marketing teams, and who have kept a large portion of the supply for themselves before launch, earning huge amounts of money which they invest in marketing and developers.

 88 
 on: June 27, 2024, 06:19:15 PM 
Started by takuma sato - Last post by Wind_FURY

There are only two solutions to this problem:

.1 Switching to tail-emission and forgetting about "there will only be 21m" mantra.


Peter Todd has actually been entertaining that idea of adding a tail-emission or extending Bitcoin's inflationary period indefinitely. But it's going to be very hard to convince the community, and many people believe that the network has ossified to the 21,000,000 total coin supply. But perhaps if the situation will be life or death for Bitcoin, the community might start to entertain a discussion of a tail-emission.

Quote

.2 Switching to PoS (which will make it even more centralized)


POS doesn't work.

https://youtu.be/NYPGub6XzjE?si=YnAFxEvDmKdsudAx

 89 
 on: June 27, 2024, 06:16:47 PM 
Started by balotelli - Last post by sunsilk
The same for other financial products that have risks associated with gains and losses. And for each financial market that someone will be involved with, there will always be losers and winners.

If it's about risk and gain, Bitcoin isn't different from the other assets and investment vehicles that have been known for so many years. While it's still considered as one of the youngest assets in the world.

This is a game for the new generation while many that prefer traditional investing and assets won't get into it. And this is the beauty of this game, it's not just for the young but also for everyone at any age.

 90 
 on: June 27, 2024, 06:13:13 PM 
Started by MarvinHagler - Last post by Charles-Tim
Hardware wallets are more useful for frequent transactions but in a way your private keys are safe than on online wallets. If you do not want to spend the coins but hold it instead, you can create an airgapped device and install Electrum on it. Electrum is preinstalled on Tails OS. Create your wallet on the airgapped device, delete and reinstall the OS after you created and backup the wallet seemed phrase offline.

You can create the paper wallet and go for stainless steel or Titanium seed phrase backup option together with laminated seed phrase backup in different locations.

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