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Author Topic: During these hard times, it's time for self improvement  (Read 444 times)
KonstantinosM
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September 18, 2018, 01:25:35 AM
Merited by d5000 (1)
 #1

When there is a bull-market everyone jumps on the bitcoin train, we get a ton of newbies and most of them are greedy bastards just wanting to make a quick buck off-of us.

Now that the market is down, most of these people have left us. This gives us time and quiet to improve on our skills and understanding of bitcoin.

Now that the dead weight is off we can re-evaluate our objectives with bitcoin and come back sharper on the other end of it.

We don't need everyone talking about bitcoin, we don't need people who are here to make profit without working. What we need is scaling solutions. We need more active peers on the network.

We need people selling food, electronics, land and everything else. We need people who buy those things and sell products for bitcoin.

We need restaurants and fishermen and farmers.

We need movers and shakers.



We don't need more speculators. We have enough of those.
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September 18, 2018, 01:45:41 AM
Merited by ETFbitcoin (1), o_e_l_e_o (1)
 #2

self improvement
lesson one
bitcoin is not a person. it is code. it has no voice, no arms no legs.

do not wait for bitcoin to provide you with shops that offer food for btc.
if YOU want YOUR local store to sell food for btc, then YOU have to help convince YOUR store to accept btc

bitcoin cannot phone YOUR local store, arrange an appointment, get on a plane to YOUR town and talk to YOUR local stores manager. its something YOU are going to have to be involved in.

here are some tips.
1. organise a local meetup of like minded bitcoiners in your area. the more that turn up the better as it shows there is a demand for wanting local stores to sell things for btc.
2. find the confident ones that can talk about the benefits of bitcoin.
3. organise or research how that store can swap its BTC back to fiat or pay staff/suppliers in BTC. this might be as simple as one of the meetup members who wants to buy btc often just buy it off the store manager hand to hand. or just learning how to sign a store up to a payment/merchant service like bitpay/coinbase.

then approach the store with the advantages, including demoing how easy it makes things

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Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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September 18, 2018, 02:00:52 AM
 #3

do not wait for bitcoin to provide you with shops that offer food for btc.
if YOU want YOUR local store to sell food for btc, then YOU have to help convince YOUR store to accept btc

Big multi-nationals are difficult because obviously all their policy is dictated to them by headquarters, but tradesmen and small, independent retailers are generally pretty easy here. Any time I'm hiring any tradesman to have work done on my house, land, car, etc, after they've quoted me I always ask - "Do you accept Bitcoin?". If they don't want to, fine, but it at least lets them know the demand is out there. Farmer's markets, public markets, street vendors, food stands and the like are all easy to convince as well.

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September 18, 2018, 03:15:40 AM
 #4

you can't fight speculators and prevent them from coming in, in fact all the things you said (the adoption by merchants) is going to bring even more speculators in. it is because of the price and the way it moves. as it is adopted more then there will be a price rise because of the increasing demand. and as that happens we will see more newbies and profit-seekers come in and price goes even higher.

as far as we don't lose the objective altogether (which is adoption as a way of payment) we are fine, even with lots of speculators and weak hands.

KonstantinosM
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September 18, 2018, 04:03:59 AM
Merited by pooya87 (1)
 #5

you can't fight speculators and prevent them from coming in, in fact all the things you said (the adoption by merchants) is going to bring even more speculators in. it is because of the price and the way it moves. as it is adopted more then there will be a price rise because of the increasing demand. and as that happens we will see more newbies and profit-seekers come in and price goes even higher.

as far as we don't lose the objective altogether (which is adoption as a way of payment) we are fine, even with lots of speculators and weak hands.

People trading bitcoin for fiat is fine, but what I'm saying is that we don't need speculators and we shouldn't pretend like the people who are buying bitcoin are somehow heroes and the people who sell it villains.

If people bought gallons of milk with bitcoin and used it to just help trade gallons of milk and boxes of cookies then you'd still know the value of bitcoin without fiat being involved.

You could also make the calculation that e.g. I can get 1 gallon of milk for 0.5 mBTC... I can get 1 gallon of milk for $3.00..... Therefore 0.5 mBTC = $3.... Therefore 1 BTC = $6,000

No bitcoin exchanges or speculators necessary. All you need is a farmer who sells milk and a baker who sells cookies.

Edit: If you come by North Pinellas county, Florida I will gladly sell you 1 gallon of milk for 0.5 mBTC.
Edit2: 0.5 mBTC sound more natural as 50 millibitcents, it also sounds cooler, at least to me... You could even drop the bit... and make it 50 millicents, as no other currency offers millicents it will obviously refer to bitcoin.
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September 18, 2018, 11:34:20 AM
Last edit: September 18, 2018, 11:50:07 AM by franky1
 #6

you can't fight speculators and prevent them from coming in, in fact all the things you said (the adoption by merchants) is going to bring even more speculators in. it is because of the price and the way it moves. as it is adopted more then there will be a price rise because of the increasing demand. and as that happens we will see more newbies and profit-seekers come in and price goes even higher.

as far as we don't lose the objective altogether (which is adoption as a way of payment) we are fine, even with lots of speculators and weak hands.

People trading bitcoin for fiat is fine, but what I'm saying is that we don't need speculators and we shouldn't pretend like the people who are buying bitcoin are somehow heroes and the people who sell it villains.

If people bought gallons of milk with bitcoin and used it to just help trade gallons of milk and boxes of cookies then you'd still know the value of bitcoin without fiat being involved.

You could also make the calculation that e.g. I can get 1 gallon of milk for 0.5 mBTC... I can get 1 gallon of milk for $3.00..... Therefore 0.5 mBTC = $3.... Therefore 1 BTC = $6,000

No bitcoin exchanges or speculators necessary. All you need is a farmer who sells milk and a baker who sells cookies.

Edit: If you come by North Pinellas county, Florida I will gladly sell you 1 gallon of milk for 0.5 mBTC.
Edit2: 0.5 mBTC sound more natural as 50 millibitcents, it also sounds cooler, at least to me... You could even drop the bit... and make it 50 millicents, as no other currency offers millicents it will obviously refer to bitcoin.

for years the community have discussed the common terminology of the future
and it became apparent when the time comes that saying 'zero point zero zero" gets too irritating that we would use 'bits' (100 sats) instead

EG gallon of milk = 500bits
...
also the mbtc which is 10,000sats gets more confusing with the word Milli and Micro,, where micro is actually (ubtc) which is only 100sat

because if we started doing mbtc (10,000 sats) it wont be long before people (as you shown above) would start saying 'zero point five' for a gallon of milk or 0.1mbtc for a litre.. or "zero point zero five mbtc" for a pint of milk

so its better to skip the mbtc and go to ubtc (100 sats) aka 'bits'

the whole is a 'Mbtc' a milli or a micro. is confusing conversationally anyway.
and also milli is just a temporary thing which by the time it becomes common. its time to change again.
so much easier to just jump to 'bits' (100sats(ubtc(microbtc))) so that people can get used to on a more permanent terminology that 1 bit has 100 divisions. which most people around the world are used to

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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September 18, 2018, 11:47:21 AM
 #7

Quote
What we need is scaling solutions

Scaling solutions?Do you mean Bitcoin Cash,Segwit and Lighting Network?Those are the "scaling solutions" and I don't think that we actually need any of them.
No,the times for bitcoin are not "hard".Bitcoin is going just fine.The fact that the btc price is far under the ATH doesn't mean that bitcoin is in a crysis.

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September 18, 2018, 12:05:30 PM
Last edit: September 18, 2018, 03:43:51 PM by franky1
 #8

Quote
What we need is scaling solutions

Scaling solutions?Do you mean Bitcoin Cash,Segwit and Lighting Network?Those are the "scaling solutions" and I don't think that we actually need any of them.
No,the times for bitcoin are not "hard".Bitcoin is going just fine.The fact that the btc price is far under the ATH doesn't mean that bitcoin is in a crysis.

1. bitcoin cash is a different network
2. lightning is a different network. it is not a bitcoin feature. it is a separate network that multiple coins will use. dvs ar just using the co-branding' to drum up promotion so they can get paid. but as i said its a separate network multiple coins will use.

3. segwit is not a scaling solution. the 4mb weight does not equal 4x transaction capacity. thats the false illusion presented. sgwit is the tool to make bitcoin compatible with LN. strangely if LN was to be a btc feature of bitcoin. it would be LN eing altered to be bitcoin compatible. not the other way round. (hint bitcoin making bc1q addressses to be LN identifiable because litecoin will have ltc1q addresses sitting along side them in LN)

4.
btc price is temporary drama. i compare it to the karate kid painting fense "daniel-son: up down up down" its what is expected and the to be treated as such

5. the top price is ignorable. no one should care. not everyone gets to be online and take advantage when it hits. and all it causes is drama. however the bottomline VALUE. the part where no one is foolish to sell below. is the ground level where everyone can stand and take advantage of because the price is always above that line.

2016: >$300
2017: >$900
2018: >$5800
those are the important numbers.. not the ATH

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
KonstantinosM
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September 18, 2018, 10:33:51 PM
 #9


for years the community have discussed the common terminology of the future
and it became apparent when the time comes that saying 'zero point zero zero" gets too irritating that we would use 'bits' (100 sats) instead

EG gallon of milk = 500bits
...
also the mbtc which is 10,000sats gets more confusing with the word Milli and Micro,, where micro is actually (ubtc) which is only 100sat

because if we started doing mbtc (10,000 sats) it wont be long before people (as you shown above) would start saying 'zero point five' for a gallon of milk or 0.1mbtc for a litre.. or "zero point zero five mbtc" for a pint of milk

so its better to skip the mbtc and go to ubtc (100 sats) aka 'bits'

the whole is a 'Mbtc' a milli or a micro. is confusing conversationally anyway.
and also milli is just a temporary thing which by the time it becomes common. its time to change again.
so much easier to just jump to 'bits' (100sats(ubtc(microbtc))) so that people can get used to on a more permanent terminology that 1 bit has 100 divisions. which most people around the world are used to

That actually makes a lot of sense. I'll changeover to bits as well. It's also very easy to switch from bits to satoshi and back. We're all used to cents (United States with the dollar/ Eurozone with the Euro)

Edit: I think I just posted an off-topic reply to my own thread. This edit is making the post meta, thus restoring it to on-topic-ness.
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September 18, 2018, 10:46:42 PM
 #10

When there is a bull-market everyone jumps on the bitcoin train, we get a ton of newbies and most of them are greedy bastards just wanting to make a quick buck off-of us.

Now that the market is down, most of these people have left us. This gives us time and quiet to improve on our skills and understanding of bitcoin.

Now that the dead weight is off we can re-evaluate our objectives with bitcoin and come back sharper on the other end of it.

We don't need everyone talking about bitcoin, we don't need people who are here to make profit without working. What we need is scaling solutions. We need more active peers on the network.

We need people selling food, electronics, land and everything else. We need people who buy those things and sell products for bitcoin.

We need restaurants and fishermen and farmers.

We need movers and shakers.



We don't need more speculators. We have enough of those.

I'm have begun making a few purchases via Bitcoin and Ethereum.  Most of the opportunities I have to use crypto revolves around storage and server services.  I have had nothing but luck requesting a crypto option and getting it when purchasing technology services.  Unfortunately I live in northern Canada and there are more bear than people around me.  I don't even want to know what would happen if I went down to the local tavern and tried to use Bitcoin.  

I'm also going to scale back my bounties.  I have been using a quantity approach but i'm seeing the game evolve to a quality oriented system which in the need is much more beneficial and much less work.  It seems like the bounty hunters are creating a disaster in this forum so I'm going to cut back.  

I do own a farm (apple orchard and raspberries).  Once again I am in the wrong part of the country however maybe I will create a sign and give a discount for crypto use however I doubt I will get many hits.  i get lots of mothers and kids doing pick your own berries.  It would be amazing to transact with my fellow countrymen without using central banker scum notes.  

Any chance Bitcoin is a government creation made to tax transactions?  I worry we may be unknowingly ushering in a tax system for the elite but it may just be paranoid thinking.  


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September 18, 2018, 10:50:31 PM
 #11

We can't blame them for trying to make a fast profit,
besides, not all of those who buy Bitcoin when it starts rising succeed in making profit.

They have a bad effect on Bitcoin because they make everyone else
look at this revolutionary technology just as a source of income.
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September 18, 2018, 10:59:30 PM
 #12

Glad to see some positivity, we're all human after all, we make mistakes, but we stuggle to be better, those of us that put the hard work in to become the best versions of themselves will be rewarded for their hard work and sacrifices. Those who just want an easy lunch will never get anywhere in life, that is the way a capitalist society works!

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September 18, 2018, 11:15:25 PM
 #13

When there is a bull-market everyone jumps on the bitcoin train, we get a ton of newbies and most of them are greedy bastards just wanting to make a quick buck off-of us.

Now that the market is down, most of these people have left us. This gives us time and quiet to improve on our skills and understanding of bitcoin.

Now that the dead weight is off we can re-evaluate our objectives with bitcoin and come back sharper on the other end of it.

We don't need everyone talking about bitcoin, we don't need people who are here to make profit without working. What we need is scaling solutions. We need more active peers on the network.

We need people selling food, electronics, land and everything else. We need people who buy those things and sell products for bitcoin.

We need restaurants and fishermen and farmers.

We need movers and shakers.



We don't need more speculators. We have enough of those.
Yes, that whats we really need. To look on the positive side in this kind of situation instead of worrying because of the dump price of every coin in the market. If we will focus on the negative nothing will happen good. But if we focus on the positive side. We can find solution on it. We need more patience and understanding at this moment.

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September 18, 2018, 11:24:39 PM
 #14

When there is a bull-market everyone jumps on the bitcoin train, we get a ton of newbies and most of them are greedy bastards just wanting to make a quick buck off-of us.

Now that the market is down, most of these people have left us. This gives us time and quiet to improve on our skills and understanding of bitcoin.

Now that the dead weight is off we can re-evaluate our objectives with bitcoin and come back sharper on the other end of it.

We don't need everyone talking about bitcoin, we don't need people who are here to make profit without working. What we need is scaling solutions. We need more active peers on the network.

We need people selling food, electronics, land and everything else. We need people who buy those things and sell products for bitcoin.

We need restaurants and fishermen and farmers.

We need movers and shakers.



We don't need more speculators. We have enough of those.

we get a ton of newbies and most of them are greedy bastards just wanting to make a quick buck off-of us.

  - This is true, most of the newbies here in this forum are stupid or moron, sorry and excuse me for the terms guys. But it is reality happened because of this people and the FUD news always came from them I don't know if that is there strategy to make bitcoin go down until they achieve what they want. That's why must learn more and develop ourselves through exploring and reading most of the time not only here in the latest updates news about in bitcoin or crypto., feed ourselves with this things.
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September 18, 2018, 11:31:39 PM
 #15

beginners who just go along without trying to understand to take advantage of the application of bitcoin in the global transaction sector towards a more established economy, they are bacteria that can damage all layers of bitcoin because they just come looking for profit and if they don't get it they will go and spread negative issues about bitcoin

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September 18, 2018, 11:34:50 PM
 #16

You said we need everyone except speculators! But I think sometimes we need them too. And we can't stop them to come into bitcoin and crypto platform. A lot of people was a quick money seeker from the bitcoin but now they are working for the cryptocurrency. So, we need to show them more way to believe and work for crypto. Bear market helps us in different ways, we will not afraid if more bear market comes in future, we know what to do in bear markets, we have patience. So, we are self-improving from the bear market.
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September 18, 2018, 11:47:51 PM
 #17

Here in our country, it will be difficult to make the farmers and fishermen understand on how bitcoin works. This is a technology yet to be accepted by that sector.

I also have not seen any restaurants that accepts bitcoin for transaction. If the the big one's started accepting crypto's, maybe the small ones would follow.

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September 18, 2018, 11:57:36 PM
 #18

that's right, newbies who are new to bitcoin are quite influential on the fall of bitcoin prices. most of them are short-term investors who are easily influenced by issue issues which are not even true, but we must appreciate those who continue to be consistent with bitcoin.
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September 20, 2018, 11:43:06 PM
 #19



I'm have begun making a few purchases via Bitcoin and Ethereum.  Most of the opportunities I have to use crypto revolves around storage and server services.  I have had nothing but luck requesting a crypto option and getting it when purchasing technology services.  Unfortunately I live in northern Canada and there are more bear than people around me.  I don't even want to know what would happen if I went down to the local tavern and tried to use Bitcoin. 

I'm also going to scale back my bounties.  I have been using a quantity approach but i'm seeing the game evolve to a quality oriented system which in the need is much more beneficial and much less work.  It seems like the bounty hunters are creating a disaster in this forum so I'm going to cut back. 

I do own a farm (apple orchard and raspberries).  Once again I am in the wrong part of the country however maybe I will create a sign and give a discount for crypto use however I doubt I will get many hits.  i get lots of mothers and kids doing pick your own berries.  It would be amazing to transact with my fellow countrymen without using central banker scum notes. 

Any chance Bitcoin is a government creation made to tax transactions?  I worry we may be unknowingly ushering in a tax system for the elite but it may just be paranoid thinking. 



You're definitely one of the early adopters and kind of like me, libertarian leaning and actually using bitcoin every now and then.


I don't think bitcoin is part of the government, that'd be like shooting themselves in the foot.
Don't let the paranoia take control of your life. Bitcoin solves real problems, yes, it also creates new ones.

 If you're smart enough, you can completely avoid the government in your transactions and you can even legally avoid the banks, which get their power from the government in a round-about way.


Technically you're constantly breaking a bunch of laws all the time, (if you live in the US), so to a certain extent you have to pick and choose.

Follow reasonable tax laws by all means but don't rat on yourself for buying a box of chocolates over the internet or in person using bitcoin, you don't have to.
Olayinka225
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December 18, 2018, 06:14:03 PM
 #20

Yes indeed
It's time for self improvement in that,  it's going to be a eye opener and most time the better time to do proper research on some coins/project to invest into. Most time, these is always the time to buy most of the shit coins that might turn boom with proper research on them.
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