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Showing 20 of 30 results by Mcphail
Re: US to make Bitcoin use a FELONY unless report sender's social security number
My first thought was how to determine if the recipient was a citizen. Is it naïve of me to think that bitcoin’s anonymity plays an important role in being asked to police it, that I think it’s easy to get away with it
or is there another way?
As it was mentioned. There are plenty of ways such as private funding. This is the most easiest way for a project to gain funds. Even the project havent started yet. There are somw who gain interest to offer some money in order to support a start up project provided they get the fund with a lower seed price. This is the most risky of all since werent sure whether the platform would go live and could return their investment or luckily earn some profit from it. Private funding has the disadvantage of being a whale. It has an impact on the development of the project, casting pressure is a common problem.
I call this type of coin meme coin, and I choose to invest in meme coin with strong community support. The most important is that the holding time can not be long, generally not more than a month. You sell it before it crashes, usually when it’s going up. At that time you will be reluctant to part with it, because you think it can rise again. But, in my experience, when you get a lot of referrals, it’s time to step down.
Hello, this is not advertising. I just wanted to share a good source https://gemvotes.com/ from where I follow all new crypto coins updates. There are also votes, you can see most voted coins. 
The website you posted is too difficult for a newbies. First of all, it is the defi project, which is very difficult for novices to operate; secondly, the recommended project is not necessarily a good project, meme coins. The risk is too high.
Re: Fake exchange scam in a kind of Ponzi scheme and high yield return
There is a word to remind investors: You want his high profits, but what he wants is your principal.
Any high-yield investment must be accompanied by high risks.
Liars are very shrewd and will catch our minds and lead us into traps, but as long as we are not greedy, we can avoid them.
Any high-yield investment must be accompanied by high risks.
Liars are very shrewd and will catch our minds and lead us into traps, but as long as we are not greedy, we can avoid them.
Why didn't most people expect Bitcoin to be as brilliant as it is today?
Within the time when we started to hear about cryptocurrency and bitcoin in my locale, many had lost all their capital to a perfectly planned ponzi scheme that lasted for well over six months and completely won over the believe of many people until the whole system crashed and people lost their money to the scheme during the festive season. It was a really terrible time for everyone who had invested their money into this online venture, so no one was particularly interested in paying or giving attention and ears to any word about digital or online money. This is perhaps the reason in my locale why many people did not expect bitcoin to be as brilliant as it is today.
A friend told me about bitcoin and it's prospects then, but i was too pained and skeptical being that i just lost my money to one online ponzi to even want to believe another no matter how genuine that it sounded. In my head, it was just another elaborate ponzi scheme. This is why i didn't purchase bitcoin at first, bot like the information wasn't there, but because of my previous experience, i was too reluctant to act.
It sounds like you have experienced a terrifying case.Without capital and enough understanding, you missed the opportunity.
But fortunately, you finally arrived and did not miss the era of cryptocurrency.
Re: Satoshi Nakamoto made machines evolve into life forms of AI
Bitcoin is undoubtedly a great invention, a successful demonstration of blockchain technology.
If we are to develop into the AI era mentioned in the article, Bitcoin will be stored like gold instead of being used in daily life. Your imagination is indeed very rich.
If we are to develop into the AI era mentioned in the article, Bitcoin will be stored like gold instead of being used in daily life. Your imagination is indeed very rich.
Bitcoin's "consensus" is people's acceptance and recognition of Bitcoin. Bitcoin is endorsed by "consensus", not by physical assets, nor by the credit of a centralized government or country. So from this point of view, Bitcoin is difficult to replicate.
The blockchain technology represented by Bitcoin naturally solves the problems of centralization and trust, making the transfer of value more convenient than ever.
The internal combustion engine solves the problem of converting explosive energy into power. The generator solves the problem of energy transmission. The problem solved by the Internet is the problem of cross-domain transmission of information. Bitcoin solves the problem of the trust of communication.
The blockchain technology represented by Bitcoin naturally solves the problems of centralization and trust, making the transfer of value more convenient than ever.
The internal combustion engine solves the problem of converting explosive energy into power. The generator solves the problem of energy transmission. The problem solved by the Internet is the problem of cross-domain transmission of information. Bitcoin solves the problem of the trust of communication.
~snip~
The mistake you made first - telling your friends that you invested in something, it should still be a private matter, especially if you look at it from a security perspective. Owning digital assets in the form of cryptocurrencies is definitely a risk, and even greater if your friends and acquaintances know it.
Another thing, when someone equates Bitcoin with a casino, then that story should stop - such people can't stand that someone disputes their opinion, even if they know they are wrong - because in most cases it all comes down to people out of ignorance talking negatively about something, because they won’t admit that someone is smarter than them.
Religion in the context of cryptocurrencies is another big nonsense - because no one has built a crypto church or prayed to Saint Satoshi every day.
You shouldn't waste your time on people like your friend in the sense of convincing him of something - I would from now on avoided cryptocurrency as a topic of conversation since it is obviously a one-way street for him.
Yes, I regret that I told him now. At first we were talking about how to invest to make money, but then I accidentally said this.
After listening to his long talk, I chose to shut up.His inherent concept is not something I can make clear in a few words.
Today, a friend who works in the traditional Internet field announced his opinion after knowing that I bought Bitcoin and some altcoins:
1. He thinks this is a casino. Only those who open the casino and the lucky ones can make money. Don't indulge in gambling and don't be blinded by the deviation of survivors;
2. He believes that the fault tolerance of the blockchain is too poor and the efficiency is too low;
3. He pointed out that the public chain cannot be upgraded, otherwise the consensus will be torn and various forks;
4. He believes that giants represented by Facebook can apply blockchain in the financial field, but this has nothing to do with ordinary people's speculation, and it has nothing to do with the public chain;
5. He believes that Bitcoin is essentially a religion, so it's okay to be bullish, but it's nonsense to talk about blockchain killer applications.
I think what he said is right and a bit wrong, I don't want to say anything more.
Most people in the traditional field will only say that this is a liar, a pyramid scheme. This is not what the first friend told me, but so what?
Weakness does not hinder a person's survival, arrogance does. Weakness is not the end, but a state that can be changed.
Time will prove everything.
Put away your arrogance.
1. He thinks this is a casino. Only those who open the casino and the lucky ones can make money. Don't indulge in gambling and don't be blinded by the deviation of survivors;
2. He believes that the fault tolerance of the blockchain is too poor and the efficiency is too low;
3. He pointed out that the public chain cannot be upgraded, otherwise the consensus will be torn and various forks;
4. He believes that giants represented by Facebook can apply blockchain in the financial field, but this has nothing to do with ordinary people's speculation, and it has nothing to do with the public chain;
5. He believes that Bitcoin is essentially a religion, so it's okay to be bullish, but it's nonsense to talk about blockchain killer applications.
I think what he said is right and a bit wrong, I don't want to say anything more.
Most people in the traditional field will only say that this is a liar, a pyramid scheme. This is not what the first friend told me, but so what?
Weakness does not hinder a person's survival, arrogance does. Weakness is not the end, but a state that can be changed.
Time will prove everything.
Put away your arrogance.
4 reasons why I invest in Bitcoin:
1.From the perspective of the technical aspect of a digital currency, Bitcoin has always been in a long-term upward channel of heavy volume growth. This is a wheel with historical growth inertia, and every institution and individual cannot stop it. Only when we get on the bus as soon as possible can we get a share of the pie as soon as possible.
2.After nearly 12 years of normal operation of Bitcoin, there has not been a single erroneous transaction. This is the proof of time. This is the charm of digital gold. It is worth holding and storing for a long time. Like gold, it has a confrontational situation. The risk of turbulence is the function of hedging.
3.Bitcoin will be known to the people of the earth within 3-5 years. Just like historical relics, ordinary people will know that it is extremely rare and valuable. This will be the consensus of all people on the earth.
4.My father asked me to buy it.
1.From the perspective of the technical aspect of a digital currency, Bitcoin has always been in a long-term upward channel of heavy volume growth. This is a wheel with historical growth inertia, and every institution and individual cannot stop it. Only when we get on the bus as soon as possible can we get a share of the pie as soon as possible.
2.After nearly 12 years of normal operation of Bitcoin, there has not been a single erroneous transaction. This is the proof of time. This is the charm of digital gold. It is worth holding and storing for a long time. Like gold, it has a confrontational situation. The risk of turbulence is the function of hedging.
3.Bitcoin will be known to the people of the earth within 3-5 years. Just like historical relics, ordinary people will know that it is extremely rare and valuable. This will be the consensus of all people on the earth.
4.My father asked me to buy it.
Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
If you just want to store value without depreciating your assets, I suggest buying gold.
But if you want more and more value, of course, the risk is also high, and short-term price fluctuations can be accepted, I suggest buying Bitcoin.
I will not hesitate to hold Bitcoin.
But if you want more and more value, of course, the risk is also high, and short-term price fluctuations can be accepted, I suggest buying Bitcoin.
I will not hesitate to hold Bitcoin.
If I draw Franklin's face on a piece of paper that doesn't become a 100 dollar bill. It would be a useless piece of paper.
That's the same with altcoins, when a shitcoin copies bitcoin it doesn't affect bitcoin's supply or the fact that it is deflationary. It would simply be considered a weak copy.
Same thing is true if some day banks and other institutes start giving out "fake" bitcoin's through loans, etc. It won't affect bitcoin itself.
That's the same with altcoins, when a shitcoin copies bitcoin it doesn't affect bitcoin's supply or the fact that it is deflationary. It would simply be considered a weak copy.
Same thing is true if some day banks and other institutes start giving out "fake" bitcoin's through loans, etc. It won't affect bitcoin itself.
This analogy is very apt.Suddenly I understood that replicas are always replicas, and Bitcoin is always Bitcoin.
But I guess OP wants to express bitcoin derivatives, not replicas.
Re: Whether DeFi's "decentralization" is a false proposition？
In the past, during the ICO, there was still a project party who came out and said that we had failed.
I bought a memecoin in Pancake last month, and the fund pool was withdrawn after three days. My money was swept away silently, leaving a pile of worthless zero coins.
DeFi greatly reduces the cost of evildoers.In my opinion, it is not decentralization that is released at DeFi, but it depends on the design of the project itself.It is more centralized because of the freedom to design various rules.
I bought a memecoin in Pancake last month, and the fund pool was withdrawn after three days. My money was swept away silently, leaving a pile of worthless zero coins.
DeFi greatly reduces the cost of evildoers.In my opinion, it is not decentralization that is released at DeFi, but it depends on the design of the project itself.It is more centralized because of the freedom to design various rules.
- The risk of Policy
- The risk of the law
- The risk of Substitution
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This is a systematic risk, and it is difficult for individuals to avoid it.
- The risk of Speculation
- The risk of Money laundering