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Showing 20 of 128 results by bixiiMaphi321
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Board Bitcoin Discussion
Re: What is the biggest threat to Bitcoin?
by
bixiiMaphi321
on 09/10/2021, 16:53:25 UTC
Despite fairly steady growth over the past decade, Bitcoin is still a market facing a risky future. Bitcoin will have to continue to struggle to develop step by step and claim a more promising position in the future. The biggest threat to Bitcoin's future:
 - Miners lost confidence: after the price of Bitcoin went down, thousands of Miners fell into trouble with consecutive losses, even many factories selling mining machines went bankrupt.
 - As users become more conscious, Bitcoin may be shunned in favor of anonymous coins and altcoin may even become insecure.
 - Attacks of hackers listening to this very fertile cryptocurrency market. this even had a negative impact on the BTC price, causing many investors to give up.
 - Many factors outside the crypto community still have a great influence on Bitcoin or BTC investment.

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Board Bitcoin Discussion
Re: Iranian Bitcoin Mining Ban Lifted after four Months
by
bixiiMaphi321
on 09/10/2021, 16:39:01 UTC
Iran legalized crypto mining in 2019 and started taxing the sector, thereby helping to offset the country's huge electricity subsidy. A year later, the country asked crypto miners to sell their Bitcoin rewards to the Central Bank of Iran. Iran has suspended BTC mining for four months. Due to high temperatures and energy shortages, the country's electricity grid was on fire, and President Hassan Rouhani issued a temporary ban.
Although Iran ranks in the top 5 for cheap electricity due to its large oil and natural gas reserves, this year's power outages only show that the country's national grid is not suitable for high electricity demand.

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Topic
Board Bitcoin Discussion
Re: US Infrastructure Bill 2021 and Bitcoin
by
bixiiMaphi321
on 08/10/2021, 16:24:05 UTC
Even assuming more precise language could be included, ensuring critical elements of the Bitcoin ecosystem are not affected by the infrastructure bill, this volume illustrates the need for members of the Bitcoin community to continue engaging with policymakers in the coming year. As Bitcoin adoption continues to grow at an exponential rate, more situations will arise that require the Bitcoin community to speak up. Issues like tax exemptions de minimis are more likely to be enacted if Bitcoiners regularly give their voice on Capitol Hill and with local policymakers across the country. According to a 2021 estimate by the New York Digital Investment Group, 46 million Americans now own some exposure to Bitcoin. This represents an important voting block that is most likely single issue voters, giving the Bitcoin community the power to influence elections. If united, those voting on a single Bitcoin issue are likely to propose pro-Bitcoin policies across the United States. Many in the Bitcoin community maintain a healthy level of skepticism about the idea of ​​lobbying the government for positive legislation for Bitcoin. However, the recent exercise on infrastructure bill could be avoided if Bitcoiners make a more consistent effort to engage with policymakers and spread awareness about how the Bitcoin revolution works. . The Bitcoin community has the potential to fuel debate and drive adoption through political activism. The only question is whether the community will seize this opportunity.
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Board Bitcoin Discussion
Re: Lightning Network Observer
by
bixiiMaphi321
on 08/10/2021, 15:36:05 UTC
Something is wrong before everyone corrects their behavior. When mistakes happen, some people learn immediately and change their habits, while others do not. But gradually, over time, there are fewer central points of failure and the whole thing becomes more resilient. A similar situation may arise here. If any of these primary nodes fail, people are more likely to use smaller nodes in the future. All I can suggest is to keep a close eye on it, see what develops, then make a backup plan if it seems to get worse.
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Board Bitcoin Discussion
Re: My Challenge with small investment in bitcoin
by
bixiiMaphi321
on 07/10/2021, 15:59:45 UTC
Appearing more than 10 years ago, Bitcoin is considered the first cryptocurrency in the world, in fact has increased in value and is increasingly used. However, as it has become an investment, Bitcoin has potential for both profit opportunities and risks. These days, everyone can afford to invest in bitcoin and it's not a delay. Because we believe bitcoin still has the potential to have better value in the future. You don't have to be rich to invest in my opinion. But if you are a good financial manager I am sure you will be successful and make a profit. We believe in BTC so make sure you can make a profit whenever the bull market turns around. If it were me, I would only buy whenever there is a drop in price, not weekly. Those who are doubting are usually middle class or working class will find it difficult to trust BTC as an investment act. It will take a lot of encouragement and hard work to get them to invest. The probability of success is that they believe in dropping coins in their piggy bank rather than buying BTC.
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Board Bitcoin Discussion
Re: Story of Bitcoin and Satoshi Nakamoto
by
bixiiMaphi321
on 07/10/2021, 15:53:58 UTC
Satoshi Nakamoto is the mysterious inventor of Bitcoin and the blockchain network. This person's name is associated with the famous white paper: Bitcoin a banking electronic money system. The true identity of Satoshi Nakamoto remains a great mystery. Many people don't know that Bitcoin was developed during the financial crisis that shook the financial world globally in 2008. So it is alleged that Satoshi Nakamoto wanted to create a payment system that works without financial institutions or their control. As a result, Satoshi created the blockchain network, which is a system that works on the individual contributions of each participant (miner). It offers complete transparency on the network and transactions are processed almost instantly without any additional fees. What makes this system so attractive is that the identity of every user remains secure. Today, blockchain technology has taken the world by storm, and it is being tested and applied in many different business fields.
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Topic
Board Speculation (Altcoins)
Re: This bull makes all alts will make new all time highs
by
bixiiMaphi321
on 06/10/2021, 15:21:58 UTC
Not sure what this means in the long run, however, it is interesting to note that the altcoin rally seen over the past two weeks is just a prelude to a true altcoin season, which has yet to begin. To date, Bitcoin has remained the leading indicator for making decisions about the future direction of the entire crypto market, but history shows that periods of Bitcoin consolidation often provide opportunities for altcoins move higher. If the Bitcoin price falls back to $40,000 or below, most analysts would expect altcoin prices to follow suit. On the other hand, a rally above $48,000 is likely to push altcoin prices higher.
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Board Altcoin Discussion
Re: What do you guys think
by
bixiiMaphi321
on 06/10/2021, 15:19:33 UTC
In recent years, Bitcoin is receiving great attention from the Vietnamese market and the world. The Bitcoin community is always seething with the problems that Bitcoin is facing. Both positive and negative, but in general, all reviews and views help contribute to making Bitcoin develop into a popular cryptocurrency in the future. Although currently cryptocurrencies in Vietnam still have certain barriers. But in the near future, the market is more and more open, hopefully the cryptocurrency playground will become more secure and popular.
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Board Altcoin Discussion
Re: Honest opinion poll about the potential of NFT
by
bixiiMaphi321
on 05/10/2021, 16:24:09 UTC
NFT stands for Non-Fungible Token, which means a cryptographic utility stored on the blockchain to represent a unique asset. NFT's great potential: NFT guarantees ownership, NFT expands the trading market, NFT adds value for owners... NFT Token satisfies the "ego" of people when they own something "unique". So there is no limit to the price increase! People almost monopolize what they have. We have seen a wave of "equitization" of business activities. And the upcoming wave will also witness a wave of “tokenization” of tangible and intangible assets. At that time, NFT is indispensable.
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Board Altcoin Discussion
Re: Will dYdX Lead The Breakthrough of DeFi Derivatives?
by
bixiiMaphi321
on 05/10/2021, 16:23:02 UTC
dYdX has long been known and popular among overseas DeFi circles. dYdX firmly believes that decentralized perpetual contracts are an important step forward for institutions and market makers to enter the market, and of course suitable for DeFi. Currently, the trading volume of crypto perpetual contracts is twice as high as that of the spot market and it is still growing rapidly. It is expected that this trend will also apply to the DeFi sector, and the trading volume of decentralized perpetual contracts will quickly surpass all DeFi spot transactions. dYdX is committed to the development of decentralized finance and its goal is to introduce the security, transparency, and inclusivity of open source software into the world of finance. At the same time, In a Distrusted Way Lending and Leveraged Transactions are fundamental breakthroughs in financial markets. DYdX offers the full range of technologies to make this a reality.
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Board Altcoin Discussion
Re: Website for tracking new IDO on BSC.
by
bixiiMaphi321
on 04/10/2021, 14:41:20 UTC
The crypto market is getting hotter and hotter with new trends developing strongly, along with participating in IDO is quite interested nowadays. When it comes to IDO, names like Polkastater, Poolz, Duckstarter, etc. There are many websites to access the project such as: Visit website https://bscpad.com/. However, I know https://cryptorank.io is a very good site that lists such projects, of course it is not all because only legitimate projects get trust. When participating in buying tokens of a certain project on BSCPad, you need to have a sufficient number of BSCPAD tokens and must verify your account by KYC.
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Board Altcoin Discussion
Re: Unique Uses for Alt Coins and Bitcoin as a Decentralized Password Manager
by
bixiiMaphi321
on 04/10/2021, 14:40:44 UTC
I wonder what is the urgency and importance to create such a decentralized password manager? I don't understand if the usability of such a decentralized password manager is possible. The most important feature of Bitcoin is that it is decentralized, meaning it is not controlled by a single authority or person. The code for the software is open source and maintained by volunteers. The system is run by a worldwide network of computers. Anyone who wants to participate can join and start contributing. Instead of converting radio messages, Bitcoin uses cryptography to convert transaction data.
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Topic
Board Altcoin Discussion
Re: Website for tracking new IDO on BSC.
by
bixiiMaphi321
on 03/10/2021, 15:37:26 UTC
The crypto market is getting hotter and hotter with new trends developing strongly, along with participating in IDO is quite interested nowadays. When it comes to IDO, names like Polkastater, Poolz, Duckstarter, etc. There are many websites to access the project such as: Visit website https://bscpad.com/. However, I know https://cryptorank.io is a very good site that lists such projects, of course it is not all because only legitimate projects get trust. When participating in buying tokens of a certain project on BSCPad, you need to have a sufficient number of BSCPAD tokens and must verify your account by KYC.
Post
Topic
Board Altcoin Discussion
Re: Unique Uses for Alt Coins and Bitcoin as a Decentralized Password Manager
by
bixiiMaphi321
on 03/10/2021, 15:36:43 UTC
I wonder what is the urgency and importance to create such a decentralized password manager? I don't understand if the usability of such a decentralized password manager is possible. The most important feature of Bitcoin is that it is decentralized, meaning it is not controlled by a single authority or person. The code for the software is open source and maintained by volunteers. The system is run by a worldwide network of computers. Anyone who wants to participate can join and start contributing. Instead of converting radio messages, Bitcoin uses cryptography to convert transaction data.
Post
Topic
Board Altcoin Discussion
Re: Is Staking Coins a Good Idea?
by
bixiiMaphi321
on 01/10/2021, 15:49:48 UTC
One of the main benefits to crypto staking is that it eliminates the constant need to purchase expensive hardware and reduces energy consumption. The system provides a guaranteed profit and a predictable source of income, the value of the coins you bet on does not depreciate like using ASICs and other mining hardware, can only be affected affected by fluctuations in the current market price. Choosing the right currency to bet is both a game of numbers and a sense of courage. If you choose to start betting, start researching about minimum amounts, wagering rewards and specific wagering methods. Always remember to choose a project that resonates with you and one that you look forward to going far into the future. After all, by placing a bet, you are helping to make that project a reality.
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Board Bitcoin Discussion
Re: All crypto declared illegal in China!!!!!!!!!!!!!
by
bixiiMaphi321
on 01/10/2021, 15:48:04 UTC
The People's Bank of China (PBOC) bans all crypto-related financial activities, including cryptocurrency trading, token sales, derivative virtual currency-related transactions, and fundraising activities. illegal. The PBOC also banned financial institutions, payment companies, and internet companies from facilitating cryptocurrency transactions. According to the PBOC, in recent years, "the trading and speculation of Bitcoin and other virtual currencies has become widespread, disrupting the economic and financial order, giving rise to money laundering and mobilization activities. capital, fraud, multi-level fraud as well as other illegal and criminal activities.

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Topic
Board Bitcoin Discussion
Re: Ransomware and Bitcoin
by
bixiiMaphi321
on 30/09/2021, 16:36:26 UTC
Ransomware is a type of malware that prevents users from accessing their systems or personal data and demands ransom payments to regain access. Ransomware is very dangerous because, a properly deployed ransomware, recovering data without the decryption key is an extremely difficult problem. In addition, it is difficult to track the digital currency flows used to pay the ransom, making it difficult to track down and prosecute the perpetrators. While ransomware has technically been around since the '90s, it's only within the past five years that it has really taken off, mainly due to the availability of untraceable payment methods like Bitcoin. Bitcoin is particularly useful here because it's fast, reliable, and easily verifiable. Hackers can simply look at the public blockchain to see if and when the victim has paid; he can even create a unique billing address for each victim and automate the process of unlocking their files when a bitcoin transaction is confirmed to that unique address. A convenient, fast, reliable and anonymous form of cryptocurrency payment like Bitcoin or other anonymous digital currencies is a gold mine for hackers to exploit for profit from illegal activities. France. It is very difficult to trace and know who is the hacker, who is the criminal and who is the normal user. This becomes an effective payment tool that explodes the development of ransomware in particular and other anonymous cybercrime activities.
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Board Bitcoin Discussion
Re: Do you believe BTC can be attacked?
by
bixiiMaphi321
on 30/09/2021, 16:35:19 UTC
I believe there are countless hackers attacking Bitcoin, they are tirelessly searching for Bitcoin vulnerabilities. We have not heard any news that hackers have successfully hacked Bitcoin. News like this can shake the community a bit, but it's important to note that this will not affect the Bitcoin network, which will continue to function normally. Bitcoin-related third-party websites or services are not directly connected to the Internet. Due to the proof-of-work mechanism implemented by the network, it is not possible to “crack” the blockchain and attempt to crack the system. Also, Bitcoin is designed to be a self-sustaining system, so even if some malicious actor tries to attack it, the network will adjust to keep it running without harm. Do you know why Bitcoin is still the most popular cryptocurrency even though it takes longer transaction time and higher fees? For security. The Bitcoin network is quite stronger than any other cryptocurrency. A lot of cryptocurrencies have been created with faster transaction speeds and lower transaction fees, but due to the lack of strong security, they are still the backing of Bitcoin.
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Board Bitcoin Discussion
Re: The difficulty of explaining Bitcoin to people is massive
by
bixiiMaphi321
on 29/09/2021, 16:37:30 UTC
It's a bit difficult to explain about bitcoin, who are completely new to this world. Basically, people think that someone has full control of bitcoin and they are manipulating its price. From my personal opinion I can suggest you to share some information regarding bitcoin and blockchain network online with your family member or loved one rather than explaining everything from scratch yours from the very first time. There is a lot of knowledge about bitcoin and cryptocurrencies on the internet. All it takes is for them to realize that bitcoin is decentralized and its community in control. I think this difficulty is due to people's different understanding and their level of interest and enthusiasm towards bitcoin and cryptocurrencies.
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Board Bitcoin Discussion
Re: China trying its best to get hated
by
bixiiMaphi321
on 29/09/2021, 16:32:26 UTC
China has previously banned cryptocurrency exchanges and initial coin offerings (ICOs), and has moved to crack down on crypto mining activities. Of course, many people don't like this, but I think people have no choice, they have to do it to survive. Why is China restricting people's access to cryptocurrency so much? Probably to limit their abilities and still control them... The market is manipulated by Chinese whales and the government. It means they don't ban the market. Who will ban if they can abuse the market and their ban hammer for profit? But the more China tries to ban bitcoin, the more bitcoin rises in price.