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Showing 10 of 10 results by Bear2Bull
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Board Bitcoin Discussion
Re: Bitcoin & PayPal
by
Bear2Bull
on 02/08/2025, 02:58:13 UTC
I honestly don't want to use decentralised way to make payment online, I just want to pay in Bitcoin instead of having dollar in the paypal account, I don't care about KYC because it changes nothing for me.

To swap bitcoin back to fiat in my country I have to use centralised exchanges and they all compulsory KYC verification, it doesn't matter to me, but the only problem I can have with PayPal is not supporting other countries except U. S citizens, it sucks.

I don't understand where your frustration comes from.

Does it matter that you pay via PayPal using USD or Bitcoin? For me, it doesn't. If you pay Bitcoin through PayPal, you're actually paying in fiat. The transaction isn't done on-chain. The merchant receives fiat. PayPal's financial books register the transaction in fiat. Everything's in fiat.

So, why are we complaining that we can't pay with Bitcoin on PayPal? Are there PayPal partner merchants that only accept Bitcoin? I don't think so. So, if you have a PayPal account and you can deposit fiat there, that's it. You can make the most of it.

The setup with Bitcoin on PayPal is like this:

https://www.talkimg.com/images/2025/08/02/UHVDLw.jpeg
Understanding how Bitcoin payments work on PayPal is crucial. When Bitcoin is used as a payment method on PayPal, the conversion to fiat currency occurs on the backend. This means merchants always receive payments in fiat, and all PayPal accounting is recorded in fiat currency. Therefore, complaints about the inability to pay with Bitcoin on-chain through PayPal are irrelevant. No PayPal partner merchants exclusively accept Bitcoin directly. If you have a PayPal account and can fund it with fiat currency, you already have everything you need to take full advantage of the platform, as PayPal is designed to mediate fiat transactions, not facilitate pure crypto transfers.
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Board Bitcoin Discussion
Re: Are there block explorers which respect your privacy?
by
Bear2Bull
on 02/08/2025, 02:51:33 UTC
Yes when we use block explorer repeated searches we make from same computer can be used to link different cryptocurrency addresses to us which is major privacy risk. To avoid this is best to use block explorers that care about your privacy. Look for services that are open source so people can check their code or ones you can run yourself on your own computer. Also choose explorers with clear privacy policies that promise not to track or sell your data and use them with Tor or VPN to hide your online activity. Good examples of these are open source explorers like Esplora and Mempool.space. We should keep in mind that even with these services using VPN or Tor is most important step to protect our privacy.
The concerns you raise about privacy when using block explorers are very valid and crucial in the crypto space. Identifying yourself through repeated searches from the same location can potentially link one's crypto addresses, creating a significant privacy gap. To mitigate this risk, choosing a privacy-focused block explorer is highly recommended. Prioritize services that are open source, allow independent code review, or can be run locally on your own computer. A transparent privacy policy, explicitly guaranteeing no tracking or data sales, is also a determining factor. Furthermore, using Tor or a VPN in conjunction is a crucial step in obscuring your online activity. Open-source explorers like Esplora and Mempool.space are excellent examples of this, reinforcing the importance of using Tor or a VPN as a key layer of defense.
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Board Bitcoin Discussion
Re: What happens if bitcoin mining stops or becomes too expensive?
by
Bear2Bull
on 02/08/2025, 02:43:52 UTC
What happens if bitcoin mining stops or becomes too expensive? Is that within the realm of possibility? Are there mitigating factors, probably the adoption of renewable energy?
https://www.talkimg.com/images/2025/08/02/UHV87Z.png
Whether it's renewable energy or non-renewable energy, you will lose energy. If you consume energy and lose money while mining, it's natural not to mine. If mining stops, Bitcoin will dominate the market with the same amount of supply as it has. However, the current price of Bitcoin will not remain the same in the future, and if this price remains, mining companies will go bankrupt and stop mining. If the big mining companies stop mining Bitcoin, then there will definitely be a severe impact on the market.
In 2024, the Bitcoin halving block reward was 3.125, but if you calculate it, the block reward in 2080 will be 0.00019073. If the price of Bitcoin does not increase, the big mining companies will go bankrupt and they will close their companies and say goodbye forever.
Your analysis of the sustainability of Bitcoin mining amidst diminishing block rewards is spot-on. Mining is indeed an energy- and cost-intensive activity, and without adequate financial rewards, the incentive to continue is lost. If the Bitcoin price does not appreciate significantly to offset the declining rewards, large mining companies will face bankruptcy, forcing them to cease operations. This would have a serious impact on the Bitcoin market, which relies on miners for transaction verification and network security. Projections of a near-zero block reward decline by 2080 clearly demonstrate that future Bitcoin appreciation is crucial to maintaining profitable mining and ensuring the long-term viability of this decentralized network.
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Board Bitcoin Discussion
Re: What can we do to contribute to the blockchain?
by
Bear2Bull
on 02/08/2025, 02:33:42 UTC
To contribute to the blockchain is you can run your own node. If you wanted to donate then I suggest you donated to the developers who are trying to make bitcoin better. Holding your own bitcoin in my opinion should also be contributing to the blockchain since you are making a transaction and it should be recorded in the blockchain when it is confirmed. Using it in your business is also helpful for bitcoin since it is what satoshi made it for.
To support the Bitcoin blockchain, operating your own node is a proactive step that strengthens the network's infrastructure. Another impactful alternative is donating to the core developers dedicated to perfecting Bitcoin, driving innovation and maintenance. However, contributing doesn't stop there. Holding your own Bitcoin also represents support, as every transaction you make validates and expands the blockchain record. Furthermore, using Bitcoin in your business context aligns with Satoshi's goals, facilitating its use as a functional currency. All of these actions collectively increase Bitcoin's decentralization, security, and practical adoption, solidifying its position as a sustainable monetary system.
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Board Bitcoin Discussion
Re: Sign to accept your salary in bitcoin?
by
Bear2Bull
on 02/08/2025, 02:15:42 UTC
Even if you are not earning $750,000 and you are not rich enough to put all your salary into investment yet, accepting bitcoin for your salary sounds a good deal. Some people are worried about the fluctuations in the market but as long as the employer gives you the equivalent amount of btc in usd, I think there should be no problems, am I not right? The good thing is if you are planning to put your salary in bitcoin to invest, you do not need to convert it into bitcoin since it was given to you in bitcoin already.
In my case, if you plan to pay my salary in Bitcoin, I will have no objection. I will definitely accept the decision to pay my salary in Bitcoin. Because I know how helpful Bitcoin will be for me and how much profit Bitcoin will give me in the future. However, those who do not know about Bitcoin and do not know about transactions may disagree with receiving their salary in Bitcoin. Also, it may be a little different for those who have to spend their monthly salary on family work. Moreover, I think those who know about Bitcoin and know about the popularity and price of Bitcoin will always accept Bitcoin as a salary.
Your willingness to receive a salary in Bitcoin highlights your forward-thinking outlook on the future benefits and advantages it can offer. This perspective contrasts sharply with those less familiar with the intricacies of Bitcoin and its transaction processes, who might reject it. This highlights the challenge of bridging the knowledge gap. For those with tight monthly financial commitments to support their families, the inherent uncertainty of Bitcoin may be a concern. However, individuals with a strong understanding of Bitcoin and an appreciation for its popularity and market value are more likely to accept compensation in Bitcoin, viewing it as a path to wealth accumulation. This suggests that accepting Bitcoin as a salary directly correlates with one's investment understanding and strategy.
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Board Bitcoin Discussion
Re: Crypto’s biggest problem isn’t regulation or adoption says Suhail Kakar
by
Bear2Bull
on 02/08/2025, 02:07:48 UTC
The first time I heard about Bitcoin it sounded intelligent and complex, something that only nerds will understand, also the name cryptocurrency sounded cryptic but when I got into it, I found out that you don't need to understand technicalities to hold cryptocurrency. I believe that many people still have that mindset that I had and until they research and understand it will continue to look like something complex. Crypto awareness is increasing unlike early days of Bitcoin and people are gradually understanding that it is not rocket science to understand basic knowledge of holding cryptocurrency.
Initially, the idea of Bitcoin and cryptocurrencies often felt very sophisticated and perhaps only understood by a select few. The perception that this was the exclusive domain of tech experts was common. However, you're right that over time and through exploration, it became clear that technical expertise wasn't necessary to participate. Many still feel this way, and only through personal research do the complexities become apparent. Fortunately, awareness of crypto continues to soar, far surpassing Bitcoin's early, lesser-known days. People are gradually realizing that the fundamental knowledge required to manage cryptocurrencies is actually quite simple, removing the initial barrier.
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Board Bitcoin Discussion
Re: Before they talk of gold but now also bitcoin
by
Bear2Bull
on 02/08/2025, 01:46:55 UTC

Gold is much more stable than Bitcoin, and gold also doesn't offer as good a return as Bitcoin, so asset diversification is necessary to maximize potential. Choose both to maintain the circulation of growth in our assets so that we can continue to maximize long-term profits. Gold and Bitcoin both have advantages, although Bitcoin's returns are far better, but adopting a second approach is far better.


Bitcoin has become the most popular among people of the digital age, but gold is still the most valuable asset for those born before this digital age, like our parents and grandparents. Although BTC is not as stable as gold, it has gained much popularity among this generation due to the progress made in this era. Gold is a stable currency, but it is not as popular as Bitcoin. However, if we consider the previous generation, gold was very popular back then and has endured and is likely to continue surviving in the future due to its enduring popularity. However, the profit from gold is less compared to Bitcoin.
The comparison between Bitcoin and gold highlights an interesting contrast in asset preferences across generations. Gold, with its inherent stability and historical reliance, remains the preferred choice for older demographics, symbolizing reliability and security. Conversely, Bitcoin's skyrocketing popularity among the digital generation is based on its higher profit potential and technological appeal, despite its less stable characteristics. While gold maintains its unwavering fundamental value and is likely to continue to do so, Bitcoin's exponential growth makes it a more dynamic asset in today's market. This contrast underscores the evolving investment perspective, where gold's long-term stability contrasts with Bitcoin's revolutionary profit potential.
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Board Bitcoin Discussion
Re: The not so far future of Bitcoin
by
Bear2Bull
on 02/08/2025, 01:38:37 UTC
Thoughts like this will certainly continue to exist and make it possible for things to happen, but if we only focus on speculating about the future, we will ultimately become even more confused about the decisions we want to make.

Currently, I am only focusing on the achievements that have been made, but for the future, we clearly do not know what it will be like. However, this does not mean it is an obstacle because after seeing what Bitcoin has achieved and its progress over the past decade, the hope is that it will be far greater than this.
They have proven that in just one decade, Bitcoin has become one of the assets worth considering, so the hope is that the longer it goes on, the better its development and progress will be.
Interest is continuing to grow, not only from ordinary investors but also from governments, even though there are still some governments that are quite opposed to this. However, it cannot be denied that the more people take an interest in Bitcoin, the faster it will develop.
Focusing on Bitcoin's proven achievements rather than speculating about its future is indeed a wise approach. For over a decade, Bitcoin has demonstrated remarkable resilience and growth, transforming into a significant asset. The progress achieved in this short period, from initial concept to global recognition, provides a strong foundation for future expectations. While some governments still show resistance, increasing interest from various segments of society, including institutions, is indirectly driving accelerated adoption and innovation. This demonstrates that over time, Bitcoin's potential to develop far beyond its current state is immense, underscoring that its historical progress is the best indicator of its brighter prospects.
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Topic
Board Bitcoin Discussion
Re: Algeria Ban Bitcoin, Users to Face Sanction.
by
Bear2Bull
on 02/08/2025, 01:31:22 UTC
I want to thank all members who supported me and gave me great ideas and advices after what happened with the new laws in our region. I can say that because of you and your warnings to not deal directly with local banks while trading crypto, I managed to find a trust worthy group of people that trades face to face. Haha, the only positive thing about this laws is that prices in blackmarket went up and it’s a great thing for me.

One more thing for those who are interested in this situation, I will discuss a subject related to the reasons behind Algeria banning crypto, and its relation with Gambling. I will post it shortly in the Gambling discussion section.
The resilience and adaptability you demonstrated in the face of this new law are truly remarkable. It's impressive how you managed to find innovative solutions and leverage community support to find secure transaction channels outside the conventional banking system. The fact that the regulatory changes resulted in unexpected gains in the black market is a compelling example of how the economic landscape can shift and create new opportunities. We eagerly await your upcoming analysis of the reasons behind Algeria's crypto ban and its relationship to gambling. Your discussion will undoubtedly provide valuable insights for anyone interested in this evolving dynamic.
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Board Bitcoin Discussion
Re: If you don't believe me, I don't have time to try to convince you - Satoshi
by
Bear2Bull
on 02/08/2025, 01:23:43 UTC
This is the core value that Satoshi is trying to develop for us, let the people talk about bitcoin and hate it all they want, still they can’t drag bitcoin down. And convincing people to like bitcoin nor be open-minded about it, I don’t think Satoshi is happy about it, instead let bitcoin’s success in the future manage it.

For over a decade bitcoin continues to thrive in the market, despite of the attacks lead by the government and the banks, and the people that talk negativity about bitcoin, but look at bitcoin now, no need to defend it because the success of bitcoin itself is enough to prove them wrong.
Bitcoin's distributed system, with its inherent immunity to centralization or destabilization efforts, embodies Satoshi Nakamoto's vision for a resilient currency. Bitcoin's resilience to criticism and persistent market deflationary efforts for over a decade is an intrinsic testament to its fundamental strength. Its narrative of success hinges not on public approval or institutional support, but rather on the network's ability to operate autonomously and accumulate value, despite persistent opposition from various parties. This core principle underscores a belief in quiet achievement and unwavering sustainability, a paradigm that defies external manipulation or reliance on popular opinion. This resilience serves as an affirmation of the original goal of building a self-sufficient and irreversible monetary system, affirming its viability through uninterrupted functionality.