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Showing 20 of 259 results by maichimoto
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Board Bitcoin Discussion
Re: Change Your Mind About Bitcoin
by
maichimoto
on 09/09/2018, 11:15:44 UTC
Many people express different types of bitcoin. Someone says Bitcoin is not a currency. Again someone says that Bitcoin is only a bubble, it will never be universally recognized. Some countries have banned Bitcoins so that illegal activities will not be increased in the country. Because some of time bitcoin use for terror works.Some people say that investment in bitcoin is not profitable. There are some other such complaints about Bitcoin.

But the funny thing is that even though there are so many complaints, Bitcoin has become popular all day around the world. I think we need to change our mind about bitcoin's. Cool

Really, people's complaints about Bitcoin are correct?

bitcoin is not supposed to be an investment. But for those who invest, it can be ver profitable. Just ask some early investors. But of course there are also declines, you need to learn the curves
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Topic
Board Speculation
Re: What's happening to Bitcoin
by
maichimoto
on 09/09/2018, 11:14:46 UTC
What's happening to Bitcoin and any other coins? It's been a week and dumping real hard ever since. Will it ever go up?

if you knew the history of these currencies, then you would understand that this keeps happening in circles. If you can withstand it, then good, if not then you will lose
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Topic
Board Bitcoin Discussion
Re: Can you use Bitcoin as a practical currency?
by
maichimoto
on 09/09/2018, 11:14:09 UTC
Hello All, I have a question.
If I want to use bitcoin as practical or daily currency then what should I do?
Is American express or VISA offer such kind of opportunity so far?
I am very excited to read something special here: https://reliable.cash/t/can-you-use-bitcoin-as-a-practical-currency/33
Specially these are amazing to me:

Quote
There are many reasons for bitcoin to be not used as a practical currency. Some are listed here.

  • Some users lack the infrastructure required to use bitcoin
    Some users lack the knowledge required to use bitcoin
    It will not be a good solution for day to day purchase
    It takes time to process a transaction that is why it is not practical at all
    Not many stores accept bitcoin as a payment either online or offline
    Stability in pricing
    Strong network infrastructure required for its payment to process


Now I want to purchase my Pizza using Bitcoin Cheesy
What do you think brothers?

cards don't fancy working with crypto atm, the only option seems to be going through bank, I know some germans are trying to bypass it, am wondering if that will work though
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Topic
Board Bitcoin Discussion
Re: Do you reccomend family and friends to join the market when it's crashing?
by
maichimoto
on 09/09/2018, 11:13:28 UTC
Do you recommend family and friends to join the market when it's crashing?
We pray for the prices to go up and to more people join the market, but will you recommend someone close to you to join when the prices are dropping like crazy?

If you do, explain why.

now it's much better to join the market than when it's growing. The general atmosphere is more gloom but the profit they can make now is obviuosly bigger than when the price was $15k for example
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Topic
Board Bitcoin Discussion
Re: Hacking Bitcoin,How Possible?
by
maichimoto
on 09/09/2018, 11:11:54 UTC
When most people first hear about Bitcoin, they usually think there is some way in which the peer-to-peer digital cash system could be hacked. This is nothing new in some ways, as many internet users have seen their Facebook, Twitter, or other social media accounts come under the control of a nefarious actor over the years.
Having said that, Bitcoin is built for security. Due to the large amount of monetary value that relies on the world’s most popular cryptocurrency, the developers who maintain the de facto reference client for the Bitcoin protocol are careful about any new changes that may be made.
I think Bitcoin depends On Open source.
The Power of Open Source
One of the main reasons Bitcoin is viewed as secure is due to the fact that the codebase behind the network is completely open source. Anyone who wants to join the Bitcoin network is able to do so in a completely open and incorruptible manner. New users are able to confirm, if they wish to do so, that the financial network works in the manner intended because they are able to verify the source code that they’re running on their home computers.

Of course, many users don’t actually verify the code related to their interactions on the Bitcoin blockchain. Most users simply purchase some bitcoin on an exchange like Coinbase rather than worry about operating their own full node.
But the point is that the option to run a full node to control one’s own digital financial sovereignty is always there through the use of open source software


Yes hacking bitcoin is possible because they need only to get the information that they need. Actually hackers get first the trust of someone and they will use it to hack it

no always need to get the trust of someone, just simple access to his computer will do. There are many ways how to scam and hack, it's important to learn defence against these attemtps.
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Topic
Board Bitcoin Discussion
Re: Is cryptocurrency so difficult to understand
by
maichimoto
on 09/09/2018, 11:10:15 UTC
Maybe yes. for people who are new to cryptocurrency for the first time and myself as a beginner in the crypto world, I am still confused and there are many things that I have not understood, especially in the marketing and selection of suitable wallets when storing crypto wallets.


Whats is it you would like to understand in marketing of cryptos? I guess many people are rather stuudying the tech itself than the promo the coins are doing, unless you're having your own blockchain project.
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Topic
Board Bitcoin Discussion
Re: Awareness is the biggest influence.
by
maichimoto
on 09/09/2018, 11:08:16 UTC
So we all know BTC drops when people sell their coins... but the peaking is purely because of investments...

The mall in S.Korea that started accepting BTC as of this month played a massive roll in BTC's growth. Obviously this is because BTC's awareness is growing!

Surely there are ways to bring the awareness of cryto to the population.

Are there any other 'blow ups' of crypto that you have heard of? Similar to the mall...
What are you doing to spread the awareness? Smiley

it's getting harder and harder to pump the price based on the news of accepting bitcoin somewhere. I remember in early days when some big eshop claimed to start accepting it, the price could easily double in no time
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Topic
Board Announcements (Altcoins)
Re: ⚛️ [ANN] Bitcoin Atom - Fork 1:1 of Bitcoin - Atomic Swap Powered ⚛️
by
maichimoto
on 07/09/2018, 12:24:56 UTC
So if BCA gets listed on an exchange now, will the holders of BTC (back dated to the snap shot) on that exchange suddenly find themselves with the same amount of BCA or has that time period past? If so who controls all the un claimed BCA which must be a huge amount, or are they lost forever as not claimed??

if the exchange didn't make a snapshot at the time of the fork, I don't think they would be capable of saying who to grant with what amount of BCA. So the answer is probably no
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Topic
Board Beginners & Help
Re: Where to keep BTC if I don't want to keep in exchange?
by
maichimoto
on 07/09/2018, 12:21:15 UTC
A few weeks ago I got an email telling me that my password had been changed by someone on my poloniex account. So, I suppose therefore my account was hacked. Immediately I went to freeze the account and changed my password. But the thing is, I don't want to risk that happen again with a large amount stored in the exchange.

Where would be the best place to keep my BTC while I'm not trading with it in an exchange? I don't feel as if storing it on my own hard drive is very secure as hard drives can fail, and what can you do if that happens..?

definitely a hardware wallet, either trezor or ledger. That way you can make sure the transaction is signed directly in your device, that is protected by password. Just make sure you back it up well
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Topic
Board Bitcoin Discussion
Re: How do we change the public's view of Crypto world?
by
maichimoto
on 07/09/2018, 12:19:34 UTC
Most of the people who dislike cryptos are those uniformed about the digital currency technology, aside from lack of knowledge they also hear negative feedback about cryptos. What we can do is to inform our community, let them be informed about the true system of cyrpto and how it will serve our future.

education and spreading the right information is absolutely crucial. the reason why bitcoin hasn't kicked off yet for local transactions is mainly that people only hear negative news on it from local media
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Topic
Board Bitcoin Discussion
Re: Why government announce bitcoin is illegal?
by
maichimoto
on 07/09/2018, 11:59:37 UTC
We know Bitcoin is one of the powerful and top coin in marketplace.
But world wide all county are announced its illegal.
I personally think that bitcoin is very help us for paying any payment.
Its has many facility.
But our government are announced its illegal

it's unlucky you live in a country where they can't understand why bitcoin should be embraced. Or perhaps they understand it too well and want to prevent people from getting into power
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Topic
Board Bitcoin Discussion
Re: The Lost Coins and Its Contribution
by
maichimoto
on 30/08/2018, 13:48:16 UTC
A lot has shared how they or others they know lost access to their wallets. And unfortunately, it has been well stated that lost wallets are lost bitcoins forever.

According to estimates by Forbes, lost bitcoins are roughly between 2.7 million to nearly 4 million.  That's roughly 17% to 23% of the total 21 million unearthed bitcoins by the year 2040. And many of these bitcoins were lost in the early stages of our most favored cryptocurrency.

This situation is actually a sad lost for those who failed to keep their wallet access (though a big part of this estimate are dormant wallets who does not reflect any transactional activities for the past couple of years could also indicate wallets of hodlers).

Rumors of Satoshi Nakamoto's wallets amounting to nearly 1 Million bitcoins that has remained untouched till date are a big percentage of lost bitcoins already.

Up until today, there has been a large attempt to retrieve lost bitcoins but there were no definitive & reliable reported means to do so.

But in a way, we have to be thankful for this lost bitcoins.  It was a substantial contributing factor of bitcoin's current price strength as it lowered the total number of bitcoins in circulation and it ensures that the total amount of coins will be well below 21 million after the last bitcoin has been unearthed.

So the next time you lost your wallet (which i sincerely hope you don't), may the thought that you made everyone else a bit more richer cheer you up.

As Satoshi Nakamoto said "Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone."


it is what it is. It's not great, I have experienced something similar, but you need to move on and get the things right next time. No time to despair, we need to be more responsible with our credentials
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Board Bitcoin Discussion
Re: Cobra's open letter to the Bitcoin community to change the mining algorithm
by
maichimoto
on 30/08/2018, 13:47:07 UTC
URL to the open letter, https://medium.com/@CobraBitcoin/an-open-letter-to-the-bitcoin-community-to-change-the-proof-of-work-algorithm-12a6545c20d0

I want to emphasize that the blog post was made by "the" Cobra, the co-owner of bitcoin.org and bitcointalk.org.

If this "movement" gathers more and more momentum, I believe we might be split as a community once again like how the scaling debate has split us in the past.

It's a big move. Bitcoiners should tread carefully.



this doesn't really have a chance to go through, although there is a lot of truth to it. But I don't see community seeing the threat as real as cobra does, unless something really happens.
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Topic
Board Bitcoin Discussion
Re: Crypto is dangerous....
by
maichimoto
on 30/08/2018, 13:42:12 UTC
Hello everyone, Today i'd like to share my story.
So in 2017 in sept, I first mined some electroneum coins and they were worth like $200 later, I as a student couldn't afford to buy Bitcoins for trading or holding, So mining did helped me ETN was a good coin, i would mine like 50 a day and it turned 20cents each, I got addicted to crypto and trading but i was scared to trade and lose those 200$ because then i'd have nothing, So from Sept to Nov, i'd just watch graphs and look at coins, Watch videos, try to learn trading and everything and in December i started trading and you guys know what happened at December 2017, But i was prepared so my $200 turned into like $150, still a loss but anyway.
But it went like this and i kept trading and everything, and i was in love with it...... Sadly in my Exams, I failed 3 papers in total 5... Because of Crypto, it takes you away from Real world, So i was disapointed because of it.
Now i trade carelessly without emotions, and i went above $200.. I saw many times and now experience told me its true that trading is 10% skills, 10% luck, 10% patience and 70% emotions....

good luck and enjoy your lives and don't ruin anything.

Edit: I still have high hopes from Crypto and i think this will change my life and i'll be not worrying about Studies later, But like people say "Don't put everything in one Basket" , so always have a backup. Study is my first priority and Bitcoin can be my side struggle and with luck and hard work, i might not have to worry about studies then.

crypto is not dangerous, your language is not correct. Your emotions are. If you weren't addicted to crypto, having the addictive personality, you would have ended up with some other addiction.
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Board Bitcoin Discussion
Re: Bitcoin must be regulated!
by
maichimoto
on 30/08/2018, 13:40:43 UTC
This is necesarry now because bitcoin involve huge money and the possibilities is that the bitcoin that we may hold may not have any value any more for its equivalency to fiat money are already secured in the owners system pocket. Our trust is slowly degrading for what we had on the current market even the huge investors are already withdrawing their money on bitcoin. And it does not help with small scale investors so there should be a preventive measure to be undertaken but hey where are the team? Common people like me does not even know who owns bitcoin and who are the team composing of bitcoin. If the system needs advancement they should create a remedial for the current market like having another promotion to get more investors. With the attitude of the market price manipulator right now there is no guarantee that bitcoin market price could recover. There is no action being taken and i do not if the team are so selfish with their business on this system they created. Are they only milking the investors? Obviously if this is their ideals then i will not expect bitcoin will last long.

Crypto doesn't have to be regulated. It can be regulated, but there is no vital need for that. The more people will be becoming fed up with centralized system, more they will incline towards using the p2p currencies.
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Topic
Board Bitcoin Discussion
Re: Lost my BTC, any ideas?
by
maichimoto
on 30/08/2018, 13:39:49 UTC
I have transfered Bitcoin Diamonds to exchange by Electrum Bitcoin Diamond wallet, but transaction somehow  afects my real Bitcoin account . So I lost all my BTC.
Exchange said that BCD didn't arrived


Could anybody help me with some ideas?

How did you claim your bitcoin diamond? If you used the private key from the btc address, it migt have ben a phishing attack that ave away your btc address access to attackers.
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Board Bitcoin Discussion
Re: Is Bitcoin a Digital Gold??
by
maichimoto
on 26/08/2018, 10:28:49 UTC
interesting comparison)) perhaps you can compare bitcoin with gold because gold is an expensive rare and unique resource but the difference is that gold is not so easy to use as bitcoin) you can not pay off a piece of gold as it can be done by bitcoins at any time and almost everywhere!

there is something they have in common, yet they have a lot of differences. There can be many more bitcoin replicates created with the same code, yet there can't be the same gold with the same chem composition.
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Topic
Board Bitcoin Discussion
Re: How do we change the public's view of Crypto world?
by
maichimoto
on 26/08/2018, 10:27:55 UTC
Guys we are very much aware how the crypto community through this great forum has helped most of us in terms of our finances but is so heartbreaking that the most of the public views only describes how insecure and unsafe the crypto community is. I do understand that cryptocurrencies are volatile and the issue of anonymity sometimes scares people away but y'all bear with me that if  crypto is explained to you and you really understand it properly you would not make wrong mistakes and get swayed away by panic sales or submit your private key as ethereum wallet address. Is it a public campaign or some other form of tutorial that we should organize to help explain crypto to the world because believe it or not the blockchain technology of cryptocurrencies is being admired by most organizations and some of them have decided to run their operations with the use of blockchain technology. What can we do as a community to help change the public view of Crypto?
Spread the awareness! i think the most simple thing that we can do as a community. We can use the pupular media social like twitter, facebook, or even instagram to spread the awareness about bitcoin, that not only the bad side that bitcoin but more than that, bitcoin can be the key for the future.

true, we simply need to teach others about bitcoin. Also to educate ourselves in the first place, so we can persuade our friends that bitcoin is te right path for them, unlike central banking
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Topic
Board Bitcoin Discussion
Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
by
maichimoto
on 26/08/2018, 10:26:31 UTC
Yes! You need to protect your wallets against any possible theft or hacking. You must protect your private keys and wallet passwords. This is a must for everyone, else your coins will be stolen.

The frequent warnings of ensuring you protect your private keys from anyone seems to have eaten too deep into almost everyone of us in cryptocurrency. Some of us have forgotten certain realities of life and cryptocurrency wallets which I want to warn you about. My warning is mainly targeted at anyone who has a family, or at least, a child. You must leave a means or trace that your family will be able to access your wallets when you are gone. I mean when you are below 6ft. Each one of us will die some day. No one wants to hear this, but it is the absolute truth. If you suddenly die today with your secret keys and passwords unknown to your family, your coins are lost forever. Your crypto wallet is not a regular bank, so no way your family can claim your many crypto wealth online.
Don't be selfish. Your family or wife or children must not suffer when you have so much Bitcoin or other coins trapped in an inaccessible online wallets.

Remember your family and loved ones.

You have a very strong and uneasy decision to make today.



yes,I'm sure there are people around us who we can trust. We need to let them know where we store the private keys so they can get to the wallets if something happens to us
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Board Bitcoin Discussion
Re: Will bitcoin go under regulation
by
maichimoto
on 25/08/2018, 16:21:49 UTC
Yes its threat to them just because they are trying to protect the citizens against any form of scammish  investment,regulation will still be adopted by them so that it can be trusted by many people.

it's noit a threat. I fhtye really do it the way to protect people, it can only do good and help. But if they will try to protect centralized systems and banks, then not really