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Showing 16 of 16 results by Coinhere
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Topic
Board Bitcoin Discussion
Re: Why do people care who Satoshi is/was?
by
Coinhere
on 11/03/2021, 23:21:26 UTC
Why do people care who Satoshi Nakamoto is/was? It's like wondering the name of the person that created the wheel. Sure, I suppose I would be curious about the name of the inventor of the wheel, if nothing else to raise a beer to them from time to time, but ultimately the wheel is the important part of the story.

More a case of curiosity, I believe. A mythical figure creating the thing, given to devs, then gone. Very romantic way of seeing it, gift to the world. Quite possibly the ingenious thing was to remain anonymous, making Bitcoin faceless (everyone's coin)
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Topic
Board Bitcoin Discussion
Re: Bitcoin can / cannot replace the banks ?
by
Coinhere
on 11/03/2021, 23:12:14 UTC
https://i.imgur.com/fv7FsP1.jpg


They are of the point of view that since internet cannot replace the newspapers, the same is true with the banks. Being a crypto lover, i would love to see banks eliminated but does these big people with so much money will let that happen  Huh

This is a utopian mind-set, replacing the system. In time maybe, but negotiation with government is necessary
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Topic
Board Bitcoin Discussion
Re: The World Without Bitcoin
by
Coinhere
on 11/03/2021, 23:03:40 UTC
Have you ever thought what would the world be without Bitcoin? Imagine if the cryptocurrency was never invented and we'd still be living with Fiat (paper money and credit/debit cards). People would be subject to banks' desires without a chance for freedom. A cashless society would be only a dream, without innovations in the FinTech space. Gold would still be an option, but not everyone will be able to access it. The unbanked people will be forced to deal with banks in order to participate in the mainstream economy. A lot of challenges and hurdles would arise without a decentralized form of currency for the enjoyment of all.

What do you think the world will be today without Bitcoin? Your input will be greatly appreciated. Thank you. Smiley

The space is filled with cool people, I think it makes it a brighter world, a world with new options. To me, and hopefully others, that's exciting
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Topic
Board Off-topic
Re: Is skipping meal a bad habit?
by
Coinhere
on 11/03/2021, 22:10:03 UTC
I’m a bit confused about these. My doctor will always say don’t skip a meal and he will always remind me “An apple a day keeps you from the doctor” so if skipping meal is a bad habit, why do experts and professional nutritionist  say intermittent fasting is healthy?

Intermittent fasting has been proven to have benefits. Reduced red meat, more fish. No issues with a meal skip once in a while
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Topic
Board Bitcoin Discussion
Re: What's your exit price(s) on this bull run?
by
Coinhere
on 11/03/2021, 22:00:39 UTC
Seeing quite a few predictions here based on log charts that BTC is going to 150k, 200k, 400k, etc. by EOY then crashing 50-90% in '22. If you think the markets are going to follow this pattern a la 2017, then what are your exit points and reentry points? These could always change but I'm interested in what your medium/long-term strategy is to capture most of the anticipated highs of the bull run.

No exit price, don't endorse trading (especially margin trading). Continue to HODL is prudent
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Topic
Board Legal
Re: Are You Afraid of KYC?
by
Coinhere
on 11/03/2021, 21:51:52 UTC


I can see that soon almost exchanges and even ICO programs will be requiring us to do the KYC procedures where we are required to pass copies of our legal documents before we are granted entrance or the use of the services or programs we are interested with. This can be as common as having a password or 2FA.

Now, personally I have no big problem with it though just like anybody else am also concerned that my personal information can be divulged to anybody or a group that might use it for any illegal purpose. This is one risk we are facing once we are actively living in the online world. Evil people who can be thousands of miles away can now be just one click away.

What are your apprehensions about the KYC procedures that will soon be as popular as noodles?

Absolutely. People shouldn't have to KYC, in a true decentralised space. It should be different, KYC leads to centralisation, control, abandonment of privacy. Crime resulting from no KYC will not change, criminals will always find a way (my little opinion)
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Topic
Board Bitcoin Discussion
Re: Time to sell my BTC?
by
Coinhere
on 11/03/2021, 21:36:50 UTC
So I bought BTC at £9000, made a nice amount. Is it a good idea to now sell this and move that money into alt coins? or should I  sell half BTC and buy back in after alt season is finished?

What do you think?

Completely your call, I suggest not taking "action" on the advice from members, feel they would agree. Bitcoin is the gold, appears prudent keeping some in this. Be safe within the top 10 if you are considering other things (Don't take my advice as a truth, do what you feel is right, do research on projects)
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Topic
Board Bitcoin Discussion
Re: Where you guys think is the best place to buy Bitcoins using Debit, Credit card
by
Coinhere
on 11/03/2021, 21:11:10 UTC
I am created this topic just to discuss about which platform or website that providing the best service in your opinion so other can know and have a choice or at least we will have other option. Grin
In my opion BitStamps is the best and fastest platform to buy bitcoins and then Coins Base, how about you?  Huh

Fair question, there are a wealth of options now. The classics: Coinbase, Kraken, Binance. Bitstamp I am a fan of as they don't offer margin trading
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Topic
Board Altcoin Discussion
Re: DEFI question?
by
Coinhere
on 11/03/2021, 20:58:37 UTC
Hi All,

Any defi coin i buy do i need to stake or can i just accumulate as much as i can on an exchange and hope for some profit?

Or do all buyers of DEFI coins stake?

Thanks

If you find something truly useful, choose use over profit...my philosophy. The space is "supposed" to be DeFi, the main exchanges are centralised for buying, its a catastrophe
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Topic
Board Development & Technical Discussion
Re: Does Bitcoin become more decentralized over time?
by
Coinhere
on 11/03/2021, 20:49:26 UTC
Some people says raising Bitcoin block size hurt decentralization because it increases cost to run a full node. Bitcoin block size limit remains at 1MB 4 million weight units in past few years, while hardware and internet continue growing. The growth could be higher speed, higher efficiency or lower cost. With that in mind and ignoring other factor (such as blockchain size growth, hashrate distribution and total of full nodes), does Bitcoin become more decentralized over time?

P.S. This is just my shower thought, so obviously it has flaws.

I'm sure this question has a split opinion. My input, I think not. Between 10 to 15% of all Bitcoin is owned by investors, exchanges...and so on. Doesn't make a system better
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Topic
Board Off-topic
Re: What do you think about online dating?
by
Coinhere
on 11/03/2021, 20:38:04 UTC
I met a girl on a dating site. When I met her, she turned out to be much more beautiful than in the photo. Since then I like to communicate with people online, I met a lot of new people from other countries.

Online dating = Modern day dating. You can swipe for your type, they swipe if they like you, bit more honest. But...some people catfish, or make their muscles look big with photo shop (cringe)
Post
Topic
Board Bitcoin Discussion
Re: Has Bitcoin Failed as Money?
by
Coinhere
on 11/03/2021, 20:31:32 UTC
As a long-time Bitcoin hodler, I welcome the current development of Bitcoin and find the increasing acceptance great. But the question arises as to whether Bitcoin can still be considered as money for everyday transactions or whether the idea is outdated and Bitcoin is more of a store of value option like gold than a means of payment.

Why? I try to pay with Bitcoin wherever possible. Fortunately, more and more merchants and services are accepting Bitcoin. Whether directly or through third-party providers. Here are my experiences over the past few weeks.

I wanted to take out a subscription to my favorite streamer. $4.99 payable with Bitcoin. Timely Confirmation Fees, $ 6.71. 134% of the purchase price. Even with an annual subscription, the fees would still be around 20-23%.

Paying my web hosting costs of around $30, Bitcon fees also around $5, which would be 16-17% fees.

The fees may be acceptable for buying a Tesla for $ 40-50k, but certainly not for daily payments.



Another great question, thanks for posting. I wouldn't say it is failed, Bitcoin today is considered the "digital reserve gold". Fees are high, not good for daily transactions...store of value, with appreciation...it does well
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Topic
Board Mining
Re: Is bitcoin something new miners should try ?
by
Coinhere
on 11/03/2021, 19:31:40 UTC
It's difficult trying to mine bitcoin if you haven't got tools to do it. When you can afford them you're up against teams of miners operating farms using lots of electricity. Is it worth bitcoin mining now ?

In my view, no. Expensive business to get into in 2021. Not worth the time, without good capital
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Topic
Board Bitcoin Discussion
Re: digital currency market without training
by
Coinhere
on 11/03/2021, 19:18:17 UTC
Hello

I used the digital currency market without training
And I lost my capital
The capital I had earned with hard work
Please help me a little so that I can return to my normal life and my children's expenses
I owe a lot now

btc address : bc1qq4m3jh4eyaxt4qwtmd60ujgqkl4npwm3c54wls

https://pasteboard.co/JS9GlwL.png

https://pasteboard.co/JS9H7Bl.png

Help for God's sake
I'm Stroke

This is the wrong place for this. Sorry for your loss
Post
Topic
Board Bitcoin Discussion
Re: "What happens if bitcoin succeeds?"
by
Coinhere
on 11/03/2021, 19:03:35 UTC
I stumbled upon the article "What happens if bitcoin succeeds?" in which John Danielsson, Director of the Center for Systemic Risk at the London School of Economics, argues that the inequality between rich and poor will be further exacerbated.

https://voxeu.org/article/what-happens-if-bitcoin-succeeds


Quote
That leaves us with two interesting questions. What happens to the holders of bitcoin? And what happens to everybody else?

To begin with, the current owners of bitcoin will become the wealthiest people in the world, rivalling the kings and emperors that ruled over empires in centuries past. They literally will own all the money. They can buy anything they want. There aren't that many of them. Compared to the multitudes that own assets today via all the pension funds and mutual funds and the rest, it is a tiny group of people.

So, a sharp increase in inequality is an inevitable consequence of bitcoin success. And unlike the richest people of today – the Jeff Bezoses and Elon Musks, whose wealth comes from creating companies that benefit most of us – the bitcoin aristocrats will get their rank just by buying early. They will make no contribution to society.

And again, these conclusions are that bitcoin is a bubble, and because it is volatile, it will not be able to equalize with money.
So what are the risks of bitcoin going forward? Is it really capable of seriously dividing society and causing even greater inequality?

Good question. If is succeeds, simply put, the world have an alternative to transact "without" intermediaries - Obvious answer. Especially helpful to less fortunate areas
Post
Topic
Board Bitcoin Discussion
Re: SATOSHI !!! IS THIS LEGIT?
by
Coinhere
on 11/03/2021, 18:43:47 UTC
Now, to me, it doesn't really matter who Satoshi is and wether if one day he will show hisself which is not likely because I respect his decision of not wanting to reveal his real Identity.
However, I stumbled upon this topic and took a read and I really found it interesting so I thought
' okay, let's share it on Bitcointalk.org and see what other fellas think about it'

/// here is the URL

https://cryptodaily.co.uk/2020/10/satoshi-who-strong-evidence-indicates-cartel-boss-paul-le-roux-could-be-the-man-behind-btc

I'm going to say no, sorry. Always speculation, but no key signing