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Showing 20 of 30 results by baedrill
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Topic
Board Bitcoin Discussion
Re: I am new to Bitcoin, how can I get started?
by
baedrill
on 08/01/2018, 11:05:39 UTC
You need to read up. A lot.
Also, never trust anyone for investment advice. Make sure you get to a level where you can form your own analysis on when to sell, buy, or HODL.
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Topic
Board Electrum
Re: Electrum bug - what about hardware wallet paired accounts?
by
baedrill
on 08/01/2018, 11:03:29 UTC
The only case you are in danger is when you opened the Electrum wallet domain and you surf on the internet. That will open the possibility for a hacker to getting access to your wallet.

Hardware wallets work differently. You're talking about the desktop wallet.
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Board Archival
Re: Bitcoin and global warming
by
baedrill
on 24/11/2017, 15:17:58 UTC
Bitcoin mining is really contributing in the global warming but as others are saying even banks are doing the same maybe when the time comes that bitcoin replaced the currency fiat system then it will be an acceptable use of energy and contribution to the global warming.

I think its very minimal or even neglectable to what really affects global.warming on a major scale. He focus should be in a more bigger scale and mining btc is the least among those.

Yeah it should be low respectively to the other projects using electricity. Bitcoin's production is not that huge and don't consume that much electricity. Think about giant oil production points, they consume tons of electricity.

Bitcoin is still environmental friendly.

That's not exactly true. Bitcoin's energy consumption has gone above some countries. Granted, these countries are more on the underdeveloped side, but its consumption is growing steadily, and it may come to a point that it can't be ignored anymore.
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Topic
Board Bitcoin Discussion
Re: Bitcoin loses 20% in an hour
by
baedrill
on 24/11/2017, 15:12:56 UTC
Probably $5000. It's a completely arbitrary number though.

Still, at this point, it would take nothing short of a catastrophic event for bitcoin to drop that low. Don't hold your breath.
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Board Electrum
Re: I have been stolen 10 btc by fake scam electrum website
by
baedrill
on 07/11/2017, 12:01:36 UTC
Sorry man, I doubt there's anything you can do. It's good that you posted it though, as you may have saved other potential victims. Most exchanges come with warnings to make sure they're always on the correct URL, and if only people paid attention to those warnings, there wouldn't be any phishing sites.
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Board Bitcoin Discussion
Re: Bitcoin uneven distribution as a global currrency
by
baedrill
on 07/11/2017, 11:49:40 UTC
Quote
One of the early arguments for bitcoin was that it will allow for a fairer distribution of wealth.

Who actually said this? Bitcoin was much much easier to get in the earlier days so the argument falls apart instantly. I don't think Satoshi mentioned this in his whitepaper either, so it was never designed with that in mind.
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Board Bitcoin Discussion
Re: About the relationship banks (goverments) and cryptocurrencies
by
baedrill
on 22/10/2017, 14:22:49 UTC
He could actually be true, once cryptos are widespread and cash is abolished, goverments will be able to monitor all transactions, how much you make, what you buy, where you work, where you travel, how much taxes you have to pay, no more privacy at all, everything will be in the hands of few bankers and oligarchs.

http://www.zerohedge.com/news/2017-10-21/crypto-currency-calm-storm


This is assuming that wallets and addresses aren't anonymous though. Honestly, if they weren't anonymous, you're much better off using banks and fiat. Your finances would be hidden from the general public that way, as opposed to non anonymous cryptocurrencies where everyone can see your entire financial history.
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Board Bitcoin Discussion
Re: Switzerland is gradually turning into "the bitcoin country"
by
baedrill
on 22/10/2017, 14:19:30 UTC
Switzerland is the country of cheese and of famous banks. They know what to do for the money to be in their favor. Especially when it comes to banks, Switzerland is the most progressist country in the world. If you have some money invested in a Switzerland bank then you know that you can trust them. I knew from one month ago that some people can pay their taxes with Bitcoin, thus is Switzerland is turning into "the bitcoin country", you can trust the great future of the bitcoin.
  

Yeah, Switzerland is pretty much the haven of technological innovation. They fully support new technologies and are quite lax with their regulations, careful not to negatively impact their growth. I wish the rest of the world would follow their model.
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Board Bitcoin Discussion
Re: contribution to the society of bitcoin
by
baedrill
on 22/10/2017, 14:16:23 UTC
People will always be quick to say how bitcoin provides opportunity and wealth and that those are its main contribution to society. I beg to differ though. Bitcoin revolutionizes the way transactions work as it completely removes the trust factor. It set off the rise of other cryptocurrencies, which are really pushing innovation to be able to overtake Bitcoin. It serves as both the pioneer and as a paragon that spurs competition. The ideals behind it and the effects they brought about is Bitcoin's true contribution.
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Topic
Board Gambling discussion
Re: Is bitcoin games legit?
by
baedrill
on 07/10/2017, 07:27:42 UTC
What game was it? Did you try to google other user testimonials? You can typically find out which ones are scams by simply Googling.
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Board Bitcoin Discussion
Re: WHY OWNER IS HIDING
by
baedrill
on 07/10/2017, 07:25:27 UTC
Maybe it was getting bigger than he was comfortable with? Some people simply don't want attention. He has technically never been out of hiding because his handle was a guise, and he simply abandoned that.
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Board Speculation
Re: Bitcoin won't live to see the next 10 years
by
baedrill
on 07/10/2017, 07:22:07 UTC
I don't think hard forks will ever be a threat. They're improved Bitcoins, to a degree, but being premined hurts them. Other altcoins are more of a threat, but I don't think the one that will eventually topple Bitcoins has been born yet. Ethereum can come close, but it has several issues of its own.
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Board Off-topic
Re: Bitcoin is not gambling
by
baedrill
on 01/10/2017, 06:13:45 UTC
Investing is usually a gamble, so I would argue that investing in Bitcoins can be considered a gamble. You just never know what the price will be tomorrow, so you could potentially lose or gain money.

If you're buying Bitcoins to purchase something else though, then it's just a simple currency.
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Topic
Board Bitcoin Discussion
Re: Bitcoin ban in South Korea
by
baedrill
on 01/10/2017, 06:11:12 UTC
They are banning ICOs, which are completely different from Bitcoins. Similar news from China made Bitcoin value plummet, so I am glad this did not make significant waves. I guess South Korea is not a big enough market.
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Topic
Board Economics
Re: JPMorgan Knocks Bitcoin Again
by
baedrill
on 24/09/2017, 05:13:22 UTC
We all  know the guy has an agenda. Unfortunately for us, people who have yet to be acquainted with Bitcoins don't. Governments are, at best, lukewarm towards Bitcoins so statements like his can pose problems for us in the future. He does have that case against him so I hope that shuts him up.
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Topic
Board Pilipinas
Re: Do you still do business kahit madami ka ng coins?
by
baedrill
on 23/09/2017, 08:58:55 UTC
Dapat ka magbusiness actually! Isa sa mga pinakamalaking roadblock diyan is yung capital. If meron ka nun e di wala nang risk na mabaon ka sa utang. Sinasabi din nila dapat mo idiversify yung portfolio mo diba? Kaya di pwedeng sa Bitcoin ka lang umasa, sobrang volatile rin kasi. Kung gusto mo magtuloy tuloy yung pagyaman mo, multiple streams of income dapat.

Ako mismo malayo pa dun pero libre naman mangarap diba haha
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Topic
Board Economics
Re: Most people dont even know what this is yet.
by
baedrill
on 23/09/2017, 07:59:44 UTC
What exactly do you think will happen if people find out what this is? I am going to assume the role of a skeptic here, and say that most are going to brush it off. Bitcoins are awesome, and truly have the potential to replace paper money someday, but it has less than a stellar reputation thanks to it being known as a currency used for cybercrime. It doesn't help that major players are spreading FUD to manipulate its value. As things stand, Bitcoin still has a lot of room for maturity, and the mainstream will not be ready for it until then. There will be people who will be interested and get into it, don't get me wrong, but they will be fewer in number than those who will not.
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Board Bitcoin Discussion
Re: So whats up with Bitcoin today????
by
baedrill
on 23/09/2017, 07:51:18 UTC
Still China lol. Meanwhile you can use this opportunity to boost your portfolio. Everyone is still worried, but we have stabilized a little bit compared to the last week. I honestly don't think we're going lower than $3500 again as far as the China issue goes. They cannot issue worse news nos can they?
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Board Bitcoin Discussion
Re: How can we help new people who think bitcoin is a ponzi scheme to understand it
by
baedrill
on 22/09/2017, 16:29:19 UTC
You don't. Just tell it like it is. Its potential is blindingly massive, but its decentralization means it could theoretically die in an instant. Don't tell them it's a guaranteed way to grow your money, because it isn't. Tell them they should only put in money they can afford to lose at least at first.

If they're not blind haters, then they should at least consider it. Otherwise, well, it would be a complete waste of time. You are not gaining anything either, so do not bother.
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Board Economics
Re: To be a millionaire in the United States is to still be poor
by
baedrill
on 22/09/2017, 14:42:21 UTC
What? One million dollars is a lot of money. Most people won't see that amount in their lifetimes. It's a lot, but not enough for one to be considered ultra rich. You would still have to live within your means. Spend it on a different state or a different country.