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My country people una well done oo since wen I don de dis forum I de observe threads for other boards I notice say some times people de use offensive words wen Dem de try correct others.But since wen I de go through dis our board I neva see curse of any kind we de always de polite wen we de correct others.so I de create dis thread tay praise and thank una say make una continue to de do am oo as e help motivate newbies Dem to ask important questions for here.
Nice post Op but I think you should work on your post title properly next time and instead of making post rather try to read more on the forum so you can gather enough information about the crypto space. Also I think this post would be better off in Bitcoin discussions.
From your present rank you of All members should understand that merit is not a 100% criteria for knowing a quality post .other criteria also exist such as
Posting In the correct board
Post presentation
Information and links if necessary
Theses are the main attributes a quality posts should have. They are also the main attributes that differentiate a newbies post from a more established members post. However if a post carries these qualities it will likely get the right attention but if it does not you can check out these threads if you feel you have a post of good quality that didn't get proper attention
https://bitcointalk.org/index.php?topic=5412657.msg60895527#msg60895527
https://bitcointalk.org/index.php?topic=5275032.msg55173475#msg55173475
Posting In the correct board
Post presentation
Information and links if necessary
Theses are the main attributes a quality posts should have. They are also the main attributes that differentiate a newbies post from a more established members post. However if a post carries these qualities it will likely get the right attention but if it does not you can check out these threads if you feel you have a post of good quality that didn't get proper attention
https://bitcointalk.org/index.php?topic=5412657.msg60895527#msg60895527
https://bitcointalk.org/index.php?topic=5275032.msg55173475#msg55173475
I heard about bitcion from my uncle and he has been talking about bitcion since February 2022 and have been hearing how bitcion pays and support youths. If invest in long term. And he also warned me that bitcion is not get quick rich scheme and there are different ways one can get bitcion. And the ones he told me were:
1) buy bitcion and store it in the wallet for the next bull market to come. And he told me to buy it in the bear market and invest it for a long term investment for like 3_5 years period, so I am planning to invest for the long term.
2) trading is the buying and selling of bitcion in the market at all time or anytime which gives you profit if you can trade well. But trading is more risk than investment.
3) mining is the solving of mathematical problem through computing system when someone send bitcion to a recipient, a minor must mine the cions in the blockchain before the recipient will receive the coin.
Conclusion:
In my incusive to know more about bitcion, he told me to register in bitciontalk so I will be learning and knowing more from there. So if I make any mistake in any of my writing, please correct me. I am open to correction.
Although your narration seems vague I will advice you OP to spend more time reviewing your post if your English is bad rather search for your local board to make necessary contributions to the forum.1) buy bitcion and store it in the wallet for the next bull market to come. And he told me to buy it in the bear market and invest it for a long term investment for like 3_5 years period, so I am planning to invest for the long term.
2) trading is the buying and selling of bitcion in the market at all time or anytime which gives you profit if you can trade well. But trading is more risk than investment.
3) mining is the solving of mathematical problem through computing system when someone send bitcion to a recipient, a minor must mine the cions in the blockchain before the recipient will receive the coin.
Conclusion:
In my incusive to know more about bitcion, he told me to register in bitciontalk so I will be learning and knowing more from there. So if I make any mistake in any of my writing, please correct me. I am open to correction.
I will advice you to read more about Bitcoin on this forum as you will gain a lot rather than making posts of this nature.
Cypherpunk is an activity, movement, or concept that began to be widely discussed in 1980/1990. This group emphasizes social and political change through cryptography. The basic idea behind cypherpunk is privacy, transaction anonymity and reputation. Source
These Cypherpunk groups aren't just regular people, some of them are experts. they do understand ciphers and capable of writing software. One of the highlights is, the concept of cryptography in 1970 was first developed in secret by the military and spy agencies, until in 1980 this document was leaked to the public so that many people were talking about it. Source
The RSA algorithm was first introduced to the public in 1983 by Ron Rivest , Adi Shamir dan Leonard Adleman - Source
Well-known list participants
Julian Assange - Source
John Perry Barlow - Source
And Other
Other sources ; Source 1 Source 2 Wikileaks
Main Article - Source
This is a small summary of an article. I don't know cypherpunk yet and I'm having a hard time understanding it. Maybe the discussion will make me quickly understand the concept of cypherpunk (in my opinion this is the basis for the formation of bitcoin)
Edit : Bitcoin Prehistory
Do you suggest the cypherpunk to be the pseudonymous entity Satoshi who created Bitcoin? How ever. According to an article I read the cypherpunk wanted a more unique digital currency which led to the creation of Bitcoin. You can read more about it here. https://www.coindesk.com/markets/2016/04/09/bitcoin-and-the-rise-of-the-cypherpunks/?outputType=ampThese Cypherpunk groups aren't just regular people, some of them are experts. they do understand ciphers and capable of writing software. One of the highlights is, the concept of cryptography in 1970 was first developed in secret by the military and spy agencies, until in 1980 this document was leaked to the public so that many people were talking about it. Source
The RSA algorithm was first introduced to the public in 1983 by Ron Rivest , Adi Shamir dan Leonard Adleman - Source
Well-known list participants
Julian Assange - Source
John Perry Barlow - Source
And Other
Other sources ; Source 1 Source 2 Wikileaks
Main Article - Source
This is a small summary of an article. I don't know cypherpunk yet and I'm having a hard time understanding it. Maybe the discussion will make me quickly understand the concept of cypherpunk (in my opinion this is the basis for the formation of bitcoin)
Edit : Bitcoin Prehistory
Re: How to get profit when have PC is idle and unused in home
So what should I do to earn profit when have a PC not used and lying idle in my home?. I have armagedon 29' monitor, core i5 9 generation, 16 GB Ram and GPU 1030 GTX 2GB. I actually intend to mining, but I don't know what coins I can mine with my PC specification. It's clear enough make me lose when mining Bitcoin or top coin market cap.
A lot of people talk about steps to becoming a good Bitcoin investor or tech bro in the crypto space. The point is how really can this be achieved?.well achieving this is not a very simple task , however there is a simple point to note.
To become successful in the crypto space you have to first understand the idea behind the crypto space (emphasis on Bitcoin).
The first question is what is the idea behind bitcoin. It may seem vague but it was this idea that prompted the pseudonymous entity Satoshi to create Bitcoin.
This idea was;
1. Creating a currency that was not controlled by any entity especially the government.This can be summarized as Decentralization in other words you are in total control of your assets.
2. Creating a currency that would not require any means of identification.Making it quite impossible to totally track a user still making it possible to notice transactions by that user.This can be summed up as Anonymity.
3.Creating a currency as secure as possible.
With these being said,logically the main idea behind bitcoin is Anonymity,Decentralization and Security.
Come to think of it ,understanding the reason something was created gives you the best sense of use and therefore an edge over others in the same space which in this case is the crypto space.
And most importantly Don't forget to keep your keys safe 😁
To become successful in the crypto space you have to first understand the idea behind the crypto space (emphasis on Bitcoin).
The first question is what is the idea behind bitcoin. It may seem vague but it was this idea that prompted the pseudonymous entity Satoshi to create Bitcoin.
This idea was;
1. Creating a currency that was not controlled by any entity especially the government.This can be summarized as Decentralization in other words you are in total control of your assets.
2. Creating a currency that would not require any means of identification.Making it quite impossible to totally track a user still making it possible to notice transactions by that user.This can be summed up as Anonymity.
3.Creating a currency as secure as possible.
With these being said,logically the main idea behind bitcoin is Anonymity,Decentralization and Security.
Come to think of it ,understanding the reason something was created gives you the best sense of use and therefore an edge over others in the same space which in this case is the crypto space.
And most importantly Don't forget to keep your keys safe 😁
Re: Bitcoin miners energy usage has exceeded 50%, where is Elon?
This is only according to an analyst from Bloomberg. However, if this is confirmed real information then the question from the community should be will cousin Elon support his statement and begin accepting bitcoin payments in Tesla again?
Tesla also should start buying again hehehe.
The Bitcoin network, with its continually increasing hash rate, has seen a corresponding decrease in its emissions intensity, according to recent reports from Bloomberg. Analyst Jamie Coutts explained that this trend is contrary to most other industries and could potentially trigger the next wave of institutional investment.
Data cited by Coutts on Monday revealed that the sustainable energy mix for Bitcoin has been steadily rising since 2021 and now exceeds 50%. This increase in sustainable energy use has resulted in a slower growth of emissions relative to the network's expansion. Coutts noted that the evolving relationship between Bitcoin network growth and the global push to transition from fossil fuels could "catalyze a wave of institutional and even sovereign investment capital."
Read in full https://finance.yahoo.com/news/bitcoins-sustainable-energy-mix-surpasses-060305672.html
As a matter of fact the entire scheme of if to accept Bitcoin or not is a profit based one.with Bitcoin being volatile digital asset, Elon will definitely estimate his chances of profit or loss if he adopts Bitcoin for purchases and if these odds according to his thesis will not yield profit he will not accept Bitcoin.Tesla also should start buying again hehehe.
The Bitcoin network, with its continually increasing hash rate, has seen a corresponding decrease in its emissions intensity, according to recent reports from Bloomberg. Analyst Jamie Coutts explained that this trend is contrary to most other industries and could potentially trigger the next wave of institutional investment.
Data cited by Coutts on Monday revealed that the sustainable energy mix for Bitcoin has been steadily rising since 2021 and now exceeds 50%. This increase in sustainable energy use has resulted in a slower growth of emissions relative to the network's expansion. Coutts noted that the evolving relationship between Bitcoin network growth and the global push to transition from fossil fuels could "catalyze a wave of institutional and even sovereign investment capital."
Read in full https://finance.yahoo.com/news/bitcoins-sustainable-energy-mix-surpasses-060305672.html
Re: How to get profit when have PC is idle and unused in home
So what should I do to earn profit when have a PC not used and lying idle in my home?. I have armagedon 29' monitor, core i5 9 generation, 16 GB Ram and GPU 1030 GTX 2GB. I actually intend to mining, but I don't know what coins I can mine with my PC specification. It's clear enough make me lose when mining Bitcoin or top coin market cap.
From the speculations of the computer I don't think it will be profitable to mine Bitcoin on the computer since the computation is low.however you can consider mining ETH,LTC,or XMR as they they demand lesser computation power.If you insist on mining BTC you can get a computer with better computation power and don't forget to consider the electrical cost in your locality before venturing mining as it is very power consuming.Lately I decided to explore the MEMPOOL.i came across some relatively small transactions which occupied large block spaces therefore making the fees big.I also saw a couple of blocks on the meme pool some were large amounts of Bitcoin transactions but had very low transaction fees which is accountable to the small block space they occupied.I am aware of how to use the time factor to my favour. how is it possible to make your transactions occupy the smallest block space possible so as to reduce your transaction fees. Will using the layer 2 reduce block space?
I did some research on Bitcoin transaction but I wasn't too clear on some things.
Bitcoin transaction fees are the rewards miners get when they verify transactions therefore the bigger the transaction fees the more inclined miners would be to verify the block.Does this mean that if two Bitcoin transactions are carried out simultaneously, the transaction with larger block chargess would likely be validated before that of lower transaction fees?
Take note that validation is for nodes, while confirmation of tx's is for the miners. Miners can choose to include any tx in their block that they are trying to mine, but they are incentivized to first include tx's that pay the higher fees because it earns them more rewards should they find the block. That's why it is recommended to check https://mempool.space/ before making your tx, so you choose a suitable fee. I don't know if i've answered your question, so i'll like to add this; tx's aren't mined individually, but in blocks that can contain over 2000 tx's, and once a block is found, all tx's in it becomes comfirmed, now take note that all the tx's wouldn't have exactly the same fees attached to them, but fees that the miner considers suitable irrespective of when the tx was made.Bitcoin transaction fees are the rewards miners get when they verify transactions therefore the bigger the transaction fees the more inclined miners would be to verify the block.Does this mean that if two Bitcoin transactions are carried out simultaneously, the transaction with larger block chargess would likely be validated before that of lower transaction fees?
Also aside from network congestion which can be avoided by transacting when the network is less populated and transaction size , how does block space demand affect transaction fees?
The address that you use affects the tx fees as well, SegWit transactions for example are cheaper.One of the most important things I have learnt from this forum is how to secure your digital assets.
Here are a couple of things you should avoid after setting up your air gapped device or when installing your wallet generally;
1. Avoid visiting sites with low trust score and security warnings. These security warnings are usually displayed in your browser.
2. Use secure browsers like;
BRAVE which you can get from their official page
https://brave.com/
TOR browser which you can get from.
https://www.torproject.org
You can even make use of the local browser that comes with your OS as long as your privacy is safe and your device is protected from malware.
3.And most importantly always get your softwares from their official pages especially when installing a wallet software. This will reduce your chances of installing a malware or getting an altered or monitored version of that software.
Here are some official pages of some of the most secure and popular wallet softwares
LEDGER.
https://www.ledger.com/ledger-live
TREZOR.
https://trezor.io/
MYCELIUM.
https://wallet.mycelium.com/
ELECTRUM.
https://electrum.org/
And most importantly Don't forget to keep your keys safe mate😁
Here are a couple of things you should avoid after setting up your air gapped device or when installing your wallet generally;
1. Avoid visiting sites with low trust score and security warnings. These security warnings are usually displayed in your browser.
2. Use secure browsers like;
BRAVE which you can get from their official page
https://brave.com/
TOR browser which you can get from.
https://www.torproject.org
You can even make use of the local browser that comes with your OS as long as your privacy is safe and your device is protected from malware.
3.And most importantly always get your softwares from their official pages especially when installing a wallet software. This will reduce your chances of installing a malware or getting an altered or monitored version of that software.
Here are some official pages of some of the most secure and popular wallet softwares
LEDGER.
https://www.ledger.com/ledger-live
TREZOR.
https://trezor.io/
MYCELIUM.
https://wallet.mycelium.com/
ELECTRUM.
https://electrum.org/
And most importantly Don't forget to keep your keys safe mate😁
Yo fam ( whatever that means ), I'm a nobody just a stalker being around since 2016, now even if I ask for a few satoshis, a large monster dildo will be sent my way, let alone someone registering few minutes ago.🤣
Exactly it is sincerely almost impossible for OP to get his request besides this is not a place for such. However I suggest you move this post to off topic. Or better still delete it So are you trying to say fear is your drive in the crypto space? Your write up seems to be a form of motivation to newbies but in the real world fear in trading or hodling will only cause losses because you find yourself selling your hodlings in dip instead of strategizing when to sell and hodl in bull.instead of letting fear drive you I suggest you allow experience and research take the place of fear.
Since I joined this forum I have always wanted to invest in Bitcoin however Bitcoin investments in my country is not easy because of our currency value and the government is not in much support am currently working on convincing my mom to accepting Bitcoin in her tailoring shop i Also intend on hodling those Bitcoins
I would appreciate any advice on this my move
I would appreciate any advice on this my move
According to my Bitcoin understanding Bitcoin is an asset that should be owned by an owner anonymously now my point here is Bitcoin investors especially newbies should be very careful with wallets that requires kyc for verification most newbies may be shocked or confused but the reasons are for your safety
kyc puts you personal information and privacy at risk it also gives ability for your transactions to be monitored.
So please before making wallet registrations always read through terms and conditions as well as privacy policy
Or rather get a hard ware wallet especially if you have large amounts of Bitcoin or other crypto currencies
Part of the Bitcoin idea was anonymous identity of users
so as an asset owner you should support this notion
DON'T FORGET TO KEEP YOUR KEYS SAFE MATE!!
kyc puts you personal information and privacy at risk it also gives ability for your transactions to be monitored.
So please before making wallet registrations always read through terms and conditions as well as privacy policy
Or rather get a hard ware wallet especially if you have large amounts of Bitcoin or other crypto currencies
Part of the Bitcoin idea was anonymous identity of users
so as an asset owner you should support this notion
DON'T FORGET TO KEEP YOUR KEYS SAFE MATE!!