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Showing 20 of 82 results by mfyilmaz
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Board Press
Re: [2018-09-28] One of India’s biggest cryptocurrency exchanges is shutting down
by
mfyilmaz
on 05/10/2018, 13:04:03 UTC
People will find a way to get what they want and if they dont find a solution they dont want it enough I guess. Bitcoin and other cryptocurrencies are the future and nobody can stop this... because there is no bigger power on this planet than the people. The government is voted by the people and when the people are not accepting this they will vote for a government that is doing things the way people approve. This will only take time but in the end it will become the way it was meant to....
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Board Bitcoin Discussion
Re: Bitcoin is a new phenomenal innovation
by
mfyilmaz
on 04/10/2018, 20:52:54 UTC
yes I think bitcoin is the most valuable invention ever made and it will make so many things in life easier for us even tho it will make a lot of jobs redundant as for example bankers because everybody is his own bank with bitcoin. It has the same function as gold but with the convenience of the year 2018... I think in a few decades we will divide time into 2 pieces... before Bitcoin and after bitcoin as it will make a big mark on society and evolution of the humankind...
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Board Altcoin Discussion
Re: Could Satoshi burn BCH if he(they) are actually against it?
by
mfyilmaz
on 04/10/2018, 11:57:48 UTC
BCH was invented way later than satoshi did disappear so I guess there is no proof on wether he likes BCH or not the only thing we can do is assume. On one point if he wanted the blocksize to be 8mb why didnt he do it himself? On the other side 2009 space for data was more valuable and today you can get a lot more storage for the same money so it would be logical to aim for a bigger blocksize so we wont have a month of backlogs... if by some mystery all of the bch from the accounts we think that belong to satoshi send their bch to a burn adress this obviously would prove that he is against it, but however I dont think this will be possible as nobody heard anything from satoshi for almost a decade...
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Board Legal
Re: Bitcoin and Taxes
by
mfyilmaz
on 27/09/2018, 22:39:37 UTC
well if you spend your bitcoins you still pay taxes to some extend so I guess you cant avoid it but as its a decentralized system nobody should be able to see unless you get huge ammounts of money on your bank account out of nowhere. So selling your bitcoins for cash would be the best solution unless you have huge amounts of bitcoins but somebody who has huge amounts of bitcoins knows how to turn them to cash. In my country you need to hold your cryptos 1 year after that they are tax-free but I dont know how they do it with altcoins as most of them are not exchanged for cash but for btc and I dont know if I would need to hold those exchanged btc another year or not...
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Board Politics & Society
Re: NSA, CIA, IRS, DHS, ATF, FBI, GCHQ, Federal Reserve, ISIS are Terrorists
by
mfyilmaz
on 26/09/2018, 17:41:26 UTC
is anybody really shocked that all those people are actually terrorists and that ISIS is actually a group formed by the US Government to keep the wars going and exploit the oil of arab countries? We are getting screwed over every single day and it starts with our money which is only paper which is printed 24/7 by a single bank which is in private hands and ends with our media which is controlled by some people and tell always the same crap... like in germany we have maybe 100 different newspapers but 95% of them belong to a handful of families... our free speach is not free our free world is not free and the free capital is the one thing thats not free the most... we need to stand up or else we are going to get real problems not only for us but also for our descendants because those people who controll everything need us for their wealth, because if we dont work and dont produce they cant eat money but one day when they can substitute us with robots... maybe they will... who knows?
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Board Bitcoin Discussion
Re: Google to lift part of its cryptocurrency ad ban by October, I see bull market
by
mfyilmaz
on 26/09/2018, 08:36:55 UTC
Yeah, I agree on the others... its great news but still not a sign for a bull run as google ads have not much to do with the bull run. Sure there will be people who will see and experience crypto for the first time and invest but in my point of view this wont be as much that we can speculate about a bull run. We need other news which gives the people the feeling like "I need to buy crypto or I will be missing out on something" and when that happens (like last year october) then we wil have a bull run again but I think this wont be this year, but still I wouldnt mind if I was wrong on this matter and this news would bring a lot of new investors and crypto buyers into the boat.
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Board Bitcoin Discussion
Re: LIKE IT OR NOT, BITCOIN IS AN INVESTMENT
by
mfyilmaz
on 24/09/2018, 14:08:32 UTC
Bitcoin is indeed an investment but I see it rather as a futuristic currency and I dont like people who buy butcoins only to sell them for profit... I see it as a revolution and I hope one day we will have free money and free speach and everybody will have the opportunity to live a worthy life. Bitcoin is meant to be the solution we shouldnt make it into another problem by abusing it for market plays and speculation... please...
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Board Bitcoin Discussion
Re: Bitcoin in Iran touch 26.000 USD
by
mfyilmaz
on 19/09/2018, 23:09:29 UTC
The thing is the real exchange price of something is determined by the market and in a world where you can buy nearly anything with usd and almost nothing with iranian money its clear, that the USA can controll the exchange rate of their currency and so they can feign a demand thats actually not there and because every trade in the real world is based on us dollar the supply can almost never exceed the demand... and thats the whole trick so they can print more and more dollars as they go..
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Board Bitcoin Discussion
Re: Do You Believe that there is a crypto cartel suppressing the price of BTC?
by
mfyilmaz
on 14/09/2018, 12:37:50 UTC
I think people are dumping to create a FUD so others will dump to and they can fill their pockets cheap for the next bull run because I think the price of bitcoin will indeed reach 100,000 dollars and more but the only question is when... so those people want to make big bucks and sell for a fortune. If I had the money to do this I would do it aswell... but unfortunately I dont so this is more proof that we need more decentralized money... more people need to own bitcoin so nobody has so many bitcoins that he can dump it on the others... but this is just my 2 cents.
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Board Bitcoin Discussion
Re: Even the Politicians have secret investment in Bitcoin
by
mfyilmaz
on 11/09/2018, 11:24:25 UTC
Look at it in this way... if you do some shit in a country they can take away everything you have, your bank account, your house, practically everything... except for your bitcoins when you are clever enough to store your private key in a secure place nobody ever can take away your bitcoins from you and this makes it a really good investment even when it loses value... its better to have something than to have nothing...
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Board Bitcoin Discussion
Re: DO PEOPLE STILL HAVE CONFIDENCE IN BITCOIN?
by
mfyilmaz
on 10/09/2018, 17:49:22 UTC
I personally didnt lose hope in bitcoin, cmon last year this time bitcoin was 1000 dollars now it wont go under 5800$ so people have confidence in it and buy it for 5800$... I guess the price will go furhter up especially when 2020 the next halving is... however we need adjustments on the usage because I would really love to spend my bitcoins on local shops and buy things with it as this will drive the price further up as the demand will increase with every shop accepting bitcoin as there can not be a bigger supply than 75 BTC per hour....
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Board Development & Technical Discussion
Re: How many coins does Satoshi Hold?
by
mfyilmaz
on 07/09/2018, 19:27:57 UTC
Who would do this and trust bitcoin so far? Logically this person can only be Satoshi.

That statement is far away from being logic..
Because coins havn't been moved, they have to belong to satoshi ?

What if those private keys got lost ? Or the owner died ? How can you be so naive to say it is 'logic' that they belong to satoshi ?

Well its s matter of fact, that satosho mined the genesis block and also a matter of fact that he is for sure the person who mined a lot of blocks after that aswell... so its likelay as the difficulty of bitcoin was 1 (lowest possible value) for all blocks up until #32255 blockchain.info so its very likely that satoshi has a lot of bitcoins there but I wouldnt bet a penny on an exact number as nobody can know this.... we have limited data BUT we could find out more if we had the hashrate of every block as this would give us an overview of all the miners (like when genesis block is mined with 10kh/s and the next 1000 blocks also and on block 1001 it goes to 17kh/s then you can be sure that the blocks 1-1000 belong to satoshi) but dont ask me how to extract this information from the blockchain or if there is even a way to do so...
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Board Bitcoin Discussion
Re: Why government announce bitcoin is illegal?
by
mfyilmaz
on 05/09/2018, 11:19:17 UTC
The governments dont want you to use bitcoin as they cant controll it... for example if you have a bank account they can freeze it and stop you from recieving and sending money with bitcoin you cant do this as bitcoin is decentralized and nobody has controll over it. This gives people unlimited possibilities to launder money and do other things which are illegal BUT on the other hand is gives you the maximum controll of your wealth and this is not something the governments want for you...
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Board Bitcoin Discussion
Re: How can we make people accept bitcoins as a currency?
by
mfyilmaz
on 03/09/2018, 13:11:40 UTC
I think the main reason why a shop doesnt want to accept bitcoin is its violatility... a currency that can go 20% up or down a day is not a good payment method for them, but on the other hand the more people accept bitcoin the less volatile it will become as the market will groß and the supply and demand wont be seasonal... but this is only theory. On the other hand most small shop users dont know how to do handle bitcoins so there should be a payment gateway for them to easily accept bitcoins which are converted in the actually market price to whatever currency and that goes to his bank account... an easy solution is always a way to go for mass adoption.
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Board Bitcoin Discussion
Re: Crypto is dangerous....
by
mfyilmaz
on 30/08/2018, 15:15:20 UTC
crypto is not dangerous but you have to know how to handle it, as its the same with fiat money. Most people dont know how to do this and therefore they keep working for money and live on their salary month over month instead of beeing smart and let their money work for them... thats the same with crypto with the difference that you have some components where you have virtually no controll and so you have to study the coins, the dev teams and make right decisions... like there is a saying that you make your profit when you buy not when you sell, so even a bear market can make you a fortune if you know what you are doing...
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Board Speculation
Re: The value of Bitcoin is rising again?
by
mfyilmaz
on 29/08/2018, 11:47:13 UTC
nobody can foresee the future but I think that bitcoin will rise in price much higher than the last ATH because of many factors. The difficulty is rising so it becomes even more difficult to mine bitcoins and the reward halves every 4 years (May 2020 is the next halving) and the ask for bitcoin rises aswell as it becomes more and more acceptable payment for a lot of online and offline shops... I wouldnt be surprised to see bitcoin rise to 50,000$ after May 2020...
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Board Economics
Re: it is possible fiat currency will crashed?
by
mfyilmaz
on 27/08/2018, 08:37:30 UTC
I think that while cryptocurrency evolves and more and more people will use it fiat money will crash some day but I dont believe that this will happen in the next few years as some already said fiat is backed by the government and 100% of the citizens of each country use fiat while only a few million in the world use crypto.. so I think it is just a question of users and trust... most people dont trust their government and when they start to use crypto instead of fiat, fiat money is doomed and will crash for sure.
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Board Bitcoin Discussion
Re: What Are Your top Concerns in Bitcoin and Crypto?
by
mfyilmaz
on 23/08/2018, 23:05:19 UTC
my biggest concern is that people dont see crypto for what it is so that it wont reach it full potential and will never be fully used arround the globe... because crypto is not a tool to become rich but a way to distribute the wealth of the world in a more fair manner so everybody who use it benefits from it... so that we wont have 1% who own more than 50% of the wealth while the botton 50% own nothing... this sucks especially if you consider that those 50% create the wealth for the top 1% with their blood sweat and tears....
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Board Development & Technical Discussion
Merits 2 from 1 user
Re: How much Terabyte needed to get 51 characters all possible combination?
by
mfyilmaz
on 22/08/2018, 18:42:03 UTC
⭐ Merited by DarkStar_ (2)
Combination is not the term, I guess you mean permutations and it is 50! = 3.04140932*10^64 which you can't store it anywhere not just because of capacity problems but also because of the time required for writing them, it would take billions times the galaxy's age for a multiple penta byte per second write operation, I suppose.

you are wrong... permutations are only for cases where the sequence is not a factor like when you draw 5 cards from a 52 cards deck... it doesnt matter if you draw spade ace first or last... so As-2s-3s-4s-5s is the exact same as 5s-3s-2s-4s-As....

while in this case the sequence is important because AAAA5 and 5AAAA or AA5AA is NOT the same... so here you have to actually do like #character pow 50... like when you use 26 alphabet then its 26^50... if you use captions then its 52^50... if you want to use alphanumeric (26 alphabet + 26 ALPHABET + 10 Numbers) then its 62^50

this is such a huge number thats its not even possible to write all this different combinations down...

https://www.reddit.com/r/Bitcoin/comments/8ss3dp/bitcoin_is_money_secured_by_law_of_universe/

and btw

2^256 = 1,15 * 10^77
62^50 = 4,16 * 10^89

so this number is 3 trillion times bigger as the number of sequences described in that picture... so pretty much impossible to do this. Smiley
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Board Development & Technical Discussion
Re: Smart Contracts - just a buzzword or are they applicable to the real world?
by
mfyilmaz
on 20/08/2018, 16:31:14 UTC
I think smart contracts would make a lot of things in life easier for example you could do more things without a notary as most paper works could be stored digitally and uneditable in the smart contract and nobody could deny it as blockchain technology is not changeable... there are endless ways to use this new technology for a much simpler life but tho it would make some people unemployed and so they would need to do something else... still this was always the way to go, some people will benefit while others will lose.. thats life I guess.