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Showing 20 of 415 results by DudeAtWork420
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Board Bitcoin Discussion
Re: If the powers that be….
by
DudeAtWork420
on 09/12/2024, 12:38:10 UTC
It would be near impossible to eliminate or fully regulate bitcoin. The government themselves knows that and if anything happens, they would regret their actions as the revolt would be massive for a country that is digitally inclined and are fully into bitcoin. The peoples power would come into play and nothing can stop them. I have come to realize something that the masses could be calm and obedient to the laws but can not be oppressed forever as they would definitely revolt or protest to communicate or show their grievances.
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Topic
Board Bitcoin Discussion
Re: Laptop used to seize Bitcoins from 2016 Bitfinex heist now at the Smithsonian
by
DudeAtWork420
on 09/12/2024, 12:05:32 UTC
I think this hack could be amongst the greatest hacks of all time as the volume involved  is something that could be worth sharing as a story or an event that took place in the past hence the laptop was taken to the museum to be kept for public view. It could attract tourist to that country and museum to see for themselves and also avail them the opportunity to be able to know elaborately the story behind the laptop, why it found its way to the museum and the names behind the laptop.
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Topic
Board Bitcoin Discussion
Re: Do you sometimes get irritated by excess bitcoin fees ?
by
DudeAtWork420
on 07/09/2024, 20:37:21 UTC
Spending high amount for gas fee is absurd and you can imagine you paying a higher fee than what you want to withdraw and how does this sounds to you? Not everybody would be happy with such situation as it would be very frustrating to those who can not put up with the gas fee. At first did Satoshi develop the Bitcoin ecosystem for users to be paying a higher fee than normal? I know you would say no then why the high outrageous amount of gas fee paid for transaction? Well the transaction fee is currently okay now and one can be able to do their transaction with minimal fee.
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Topic
Board Bitcoin Discussion
Re: Hello Bitcoin investors!
by
DudeAtWork420
on 07/09/2024, 20:07:18 UTC
This lad is a very wise boy. He picked interest in bitcoin so early and I was wondering how far he must have gone with his bitcoin savings just as he said. He just might be the lucky type to have a source of income which would allow him save up in bitcoin and made good profit in the long run while working and earning from his physical labor to saving part of it in bitcoin.

It is also matured of him to have understood the timing and his parents reaction to not supporting him as a result of them not being aware of it  but he understood and never bothered them again. I believe nature and time will show him good favour.
Post
Topic
Board Beginners & Help
Re: For those of you that like trading bitcoin physically, learn the usual lesson
by
DudeAtWork420
on 07/09/2024, 19:48:38 UTC
These are silly mistakes that ought not to have happened. It is best one avoids physical meeting to sell or buy crypto than to expose your identity. These days transactions of such nature are very risky because you do not know who you are going to meet and once your identity is exposed, you never can tell  the next move of your deal partner if they would trail you to your living house or not because. You never can tell who they must have sent to go before them to watch you and monitor your movement and you just can not tell their intentions. This is the reason why one needs to be careful when engaging in such activity. Make sure you choose a public place where people can see you but can not be able to get what you are doing if your country law is against crypto. Be careful and stay safe while dealing on physical p2p.
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Topic
Board Beginners & Help
Re: Bitcoin confirmed, blockchain explorer shows but nothibg in wallet....
by
DudeAtWork420
on 07/09/2024, 18:50:18 UTC
I have also checked and I can confirm that the wallet is still holding the bitcoin as at now but OP should be able to use other reliable self custodial wallet to check for confirmation. Since it could be seen through explorer that it is still in the wallet then it means it has not been tampered with so OP can do the needful by making use of another wallet to import his seed phrase and transfer his asset to another wallet before it is too late.

I have had similar experience with one of the popular wallets and it was a terrible one that the wallet could not synchronize showing wallet balance and other statistics details on the app. It still persist after updating the app so I had to user another self custodial wallet to import my seed phrase and it was showing. After confirming it, I quickly transferred my assets to another wallet I created to avoid further issues.
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Topic
Board Beginners & Help
Re: Memecoins: Not all that glitters is gold
by
DudeAtWork420
on 07/09/2024, 18:02:06 UTC
There was a topic that was created about it on scam accusation board on this forum two days before this month begins. Millions lost as Mbappé’s hacked account promotes $460M crypto scam

I think I have Mbappe to be blamed for this. People's account hack on X is very common and this celebrities know that. They should use 2FA apps or security key to protect their account. Also I have people to be blamed as they are greedy. All those meme tokens have been seen to be scam. You will see them pump it and later dump it as usual.
Hackers majorly target celebrities account as a result of their influence and followership. They know using such account could aid their nefarious act because celebrities are always listened to and whatever they do their fans would want to do same with them. This is the more reasons why they should be very much careful with their social media handles and possibly upgrade their security functions to make it difficult for hackers to access.

However, I agree to your thoughts with people being greedy. They would want to join the train without doing a proper verification to know if what they are seeing or hearing is true. The case of Mbappe scam should be an eye opener to those who are easily carried away by celebrities post for investment without doing their own research.
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Topic
Board Beginners & Help
Re: How can we act against scammers, hackers and criminals?
by
DudeAtWork420
on 20/02/2024, 01:31:34 UTC
It has always been the nature of scammers and hackers to take advantage of the ignorance of novice and also the inception of a new tech to do their  dirty job. This has been the norms of scammers to always have their ways where ever they are but being self conscious and alert will help you better.  Nobody can help you save your assets than you. So therefore, it is pertinent that one avoids clicking links they have knowledge about and linking of accounts and wallets to websites because doing such alone  means you granting them access to your account or wallets for them to do whatever they wish to do.
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Topic
Board Beginners & Help
Re: Am a Beginner
by
DudeAtWork420
on 27/12/2023, 14:12:10 UTC
Welcome to bitcointalk platform. It is not too late you coming here. Bitcoin is still at its early adopter stage and looking at the current price, we can say that it is still affordable to get so you can still catch up if you intend to buy and hodle for a long term.

Added to what other members have presented to you here,  you can access this website to read the material there to gain more insight and knowledge about bitcoin. https://cryptopotato.com/bitcoin-for-beginners/

There are other  threads on this platform were you can get articles and links to read about bitcoin and its founder. You can navigate round to see for yourself how the platform works and things about the platform you would need to know more about. It can guide your stay here.
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Topic
Board Beginners & Help
Re: what is the importance of identify in your local board?
by
DudeAtWork420
on 30/11/2023, 08:36:05 UTC
Posting on your local board is not compulsory neither is it necessary. There are a million and one people here that have been here for years and are not posting on their local board but they have been making ways for themselves all these while. Some people I guess do not want to identify with their local board as a result of being anonymous and wanting to maintain their privacy here as a result of the mode of work here.

However, as it is not compulsory that one must identify with their local board, there are some possible other engagements one could be able to benefit from and they have been mentioned already by other members here. Brainstorming of ideas, helping each other to solving problems, talking of their country's involvement in bitcoin and lots more. I think these can be a way forward for the local boards.

I think one of the major reasons why local board was created was for language barrier in communication. People or countries who can not speak or write English since it is the universal language here can easily get involved in bitcoin discussion conversations among themselves with those who knows English to educate and enlighten them more about bitcoin within their local board in their own local language for them to understand properly.
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Topic
Board Bitcoin Discussion
Re: Estimate halving time with block time and a calculator
by
DudeAtWork420
on 18/11/2023, 10:44:00 UTC
Definitely the crypto and bitcoin community are eagerly waiting and anticipating the halving come next year 2023 with very high expectations in price hike which is always the outcome of the occurrence  but I would say that this estimate calculated by OP as shown on the website is based on assumption because there is every tendency that it is not 100% accurate.
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Board Bitcoin Discussion
Re: Could Satoshi have known?
by
DudeAtWork420
on 27/09/2023, 21:04:04 UTC
Satoshi knew that bitcoin would get to this point and he took his time to develop and build the bitcoin master plan. He envisioned it far beyond just using it as a means of digital payment he also knew it would be a good store of value which people would want to hold onto to measure the value of their wealth. For bitcoin to have gained this popularity people saw it just more than a means payment but just as satoshi has envisioned.   There it turned out to be a store of value which made it more popular and volatile.
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Board Bitcoin Discussion
Re: can Bitcoin provide food for our table
by
DudeAtWork420
on 08/08/2023, 15:27:24 UTC
I really think your statement is not complete OP. When you say bitcoin puts food on our table, you should categorically state the measures through which bitcoin puts food because there are lots of activities one can get engaged him or herself with to get food on their table through bitcoin.
You can buy bitcoin and use it to buy or exchange for food items which is commendable. You can trade bitcoin to get more profit which you can also use to buy or exchange for food items. You can also work for it ie work to earn bitcoin as a pay for your service rendered.  Typical example is this platform where people do some jobs here such as article writing, community moderation and management, web design etc which they are being paid in bitcoin and after which they can decide whatever they want to do with their bitcoin while some buy food just as you have said.
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Board Bitcoin Discussion
Re: My Thoughts on Bitcoin Adoption - I Could Be Wrong, So Let's Discuss!
by
DudeAtWork420
on 07/08/2023, 16:54:23 UTC

  • Educate and Engage: Let's  step out of the comfort zone and educate, give, and promote the entry of new local actors.
Education is always the key to knowledge and information dissemination. When one is educated, they are fully equipped to know the concepts of a given mechanism as the case maybe but in the case of the El-Salvador bitcoin adoption, I believe it was as a result of the decline in bitcoin price that led to their current situation. I could recall that they bought bitcoin when it was high and all of a sudden there was a drastic decline in price which affected their bitcoin reserve and since then it gave the nationals a wrong expression towards bitcoin and the citizens not too inclined are really against bitcoin adoption and that has caused economic crises in their country.

If these people are properly educated I  believe they would come to the benefits of bitcoin in the economy and on the other hand I see the       
El-Salvador situation as a political motivated one to smear the image of their President.
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Topic
Board Bitcoin Discussion
Re: Borrow to Buy Bitcoin is Not Advisable.Consider the Factors Before Doing That.
by
DudeAtWork420
on 05/08/2023, 11:14:57 UTC
Taking a loan for a risky and volatile market is a dangerous business or investment idea as no one can predict the next swing and direction of the market that is why we are advised to use our spare cash or money we can afford to lose but a loan is not a money you can afford to lose neither is it a spare cash. For the sake of your peace it is a loan and accrued debt on your side you which means if you burn it up possibly you can not pay back because before you borrowed it, you have nothing on you and you took the loan with the mindset of paying it back with profit. It is better you void it than giving yourself some stress to paying back if things go sour.
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Topic
Board Bitcoin Discussion
Re: Bitcoin Is Not Crypto, The SEC Confirms
by
DudeAtWork420
on 02/08/2023, 14:12:33 UTC
Bitcoin, due to its decentralized nature, market cap, and lack of involvement by its founder, does not fit the criteria of a security according to them.

They should know before hand that Bitcoin is a community driving asset and nobody has the soul autonomy over it. The founder did hand it over to the masses and left anonymously which made it very difficult for him to be spotted. So therefore, ok me single individual would claim to have invented the Bitcoin without proof attached. It is decentralised because of the nature and how the founder wanted it to be so that the masses could be in control of it and not a single individual.
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Board Altcoin Discussion
Re: Memecoins Vs legit Altcoins in 2023
by
DudeAtWork420
on 29/07/2023, 12:22:06 UTC
Meme coin are a pump and dump coin. So I am not surprised if you say so because scammers and get rich quick actors are always ready to take advantage of the situation to makeore money from the newbies in the system. For sometime now it seems meme coin are taking position in the crypto market with good outcome from holders who kept promoting  it as a result of what they have benefited from it. Celebrities too who support and promote meme coin are another reasons why the meme coin are still doing much well in the crypto market.
 Memecoins do not waste time to grow very fast compared to legit altcoin which would require time to build and nurture to the final stage before it starts utilising it's potentials in the market. Just as you have said, legit coin takes time to be build as a result of the nature of their projects but memecoin doesn't need such as it is a hype type of work to gain attention of big names to aid in providing promotional content for which they would be of great benefit from.
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Topic
Board Bitcoin Discussion
Re: Robert Kennedy Jr bought each of his 7 kids 2 BTC each!
by
DudeAtWork420
on 27/07/2023, 08:49:18 UTC
Who cares how much Bitcoin he bought. Any person can decide to buy Bitcoin as it pleases them as nobody owes anyone whatsoever. Possibly, he has been campaigning and one of his major campaign point is focused on Bitcoin adoption which has so far gianed attention so I believe doing such will mean him leading by example which will make him the topic of discussion but my thoughts are as follows, why choose now to do such, you claim you are a Bitcoin enthusiast why did you not do all these you have been doing earlier before now so that the electorate would know it's not strange and would acknowledge the fact that you have long been doing such why now buying Bitcoin and making it public so that people would start talking. I am beginning to see all these as a cheap political campaign point and not making any sense.

OP next time do well to attach your reference so as not to get your account in a plagiarism saga.
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Board Legal
Re: Belarus wants to ban bitcoin P2P transactions
by
DudeAtWork420
on 04/07/2023, 21:30:23 UTC
According to where I read it, Ministry of Foreign Affairs of the Republic of Belarus said thee is high crypto crime rate in P2P crypto transactions while exchange bitcoin with each other. 

Although what the government has said is nothing different from the truth, meeting and exchanging is a bit risky as you do not know who is who and the next move or plans of your counter part so one needs to be very careful when dealing or engaging in such transactions. On the other hand the government is trying to protect each and everyone member of Belarusian involved in crypto for their own safety.

I feel since the citizens  of Belarus do not want to pay tax for crypto transaction hence their indulgence in p2p transactions and there is nothing the government can do about it as long as they can not trace money movement and knowing where it is coming with the reasons such money was paid for so i think it is a waste of time the government thinks of man hunting her citizens.
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Topic
Board Bitcoin Discussion
Re: Belarus wants to ban bitcoin P2P transactions
by
DudeAtWork420
on 03/07/2023, 22:15:22 UTC
According to where I read it, Ministry of Foreign Affairs of the Republic of Belarus said thee is high crypto crime rate in P2P crypto transactions while exchange bitcoin with each other. 

https://cointelegraph.com/news/belarus-wants-to-ban-p2p-cryptocurrency-transactions

Quote
The authority cited a high cybercrime rate in Belarus, stating that local prosecutors have suppressed the activity of 27 citizens providing “illegal crypto exchange services” since January 2023. Their total illegal revenues amounted to nearly 22 million Belarusian rubles ($8.7 million).

So if Belarusian wants to sell bitcoin which is an asset to themselves, they have to go through a centralized exchange approved by Belarus Hi-Tech Park (HTP).

Is this not too hash?

There is nothing that can stop P2P trading. It can only be reduced.


We cannot deny that trading P2P certainly pose a risk for both party since meeting face to face may trigger a crime if the other party intend to swindle the other party.  In a huge transaction, this might result in a bloodbath.  This is also one reason why I prefer selling my BTC in an online exchange to avoid this kind of incident.  

In terms of the government suggesting the use of centralized exchange and the plan to ban P2p may also have something to do with the taxation.  But whatever the motive behind the government of Belarus wanting to ban P2P can only be seen after the government had successfully passed a law of banning P2P transactions.

Obviously true sir. Most times what the government see and try to prevent is what people do not see. For the aspect of security, this is very risky and moreover, a deadly exposure of one to danger. Going out for a p2p transaction does not guarantee ones safety neither does it guarantees ones assurance of successfully p2p trading success but rather insecurity and possible theft or kidnap. I still believe banning p2p would be very difficult for the government to do because they are not everywhere to monitor what every one in Belarus is doing.  So iti is a waste of time doing such.