Topic: Report plagiarism (copy/paste) here. Mods: please give temp or permban as needed - page 4. (Read 118768 times)

Cryptocurrencies have the potential to vastly improve systems of payments if designed and implemented correctly; – In practice, however, digital currencies are struggling to uphold their creator's objectives, given that no existing cryptocurrency has been universally successful in fulfilling the role of 'money.

As we navigate through an increasingly digitized world, it becomes evident that cryptocurrencies are not just a passing trend but rather the future of finance. In this article, we delve into the reasons why crypto holds the key to reshaping the financial industry.

Just like big banks sometimes run scared of new payment methods until they can vertically-integrate and control it, central banks around the world have been pondering whether to launch or nationalise their own cryptocurrency.

Stablecoins are an attractive development to dampen the wild market volatility of most forms of cryptocurrency. They tether the virtual asset to a regular, respectable fiat-based asset, often with 1-to-1 real currency back-up. They may be also provide an attractive starting platform for a central bank keen to put things back into perceived traditional boxes.

“Notably, large technology companies have proposed issuing global stablecoins. These instruments promise more efficient and innovative means of paying and might obtain rapid global adoption due to the market power of their issuers. …

If a global stablecoin were issued successfully in Nigeria the Central  Bank could face a scenario where a potentially large number of transactions and savings would be conducted outside Of it and offshore. This could limit our ability to use monetary policy to influence interest rates and therefore inflation and employment targets, which would mean a loss of monetary sovereignty for Nigeria .”
Another key obvious risk discussed in the consultation is cyber-security.
What is your opinion about this ?

Thanks for the information all Newbie’s really appreciate we are almost completely lost here thank everyone for the encouragement, reply am grateful this really help

Throughout history, many items have been used to exchange value—such as shells, beads, animal skins, and precious metals. In this respect, these items are regarded as "money." Money doesn't have to be the printed currency we are all familiar with—all it needs is to act as a store of value, be recognizable as a unit of account, and be accepted as a medium of exchange.

Bitcoin has value because it can function as a store of value and a unit of exchange. It also demonstrates six key attributes that enable its use in an economy. The definition of value in a currency has changed over centuries from physical attributes to the velocity of its use in an economy.
Bitcoin demonstrates the attributes of a currency, but its primary source of value lies in its restricted supply and increasing demand

Why Traditional Currencies Have Value

Throughout history, many items have been used to exchange value—such as shells, beads, animal skins, and precious metals. In this respect, these items are regarded as "money." Money doesn't have to be the printed currency we are all familiar with—all it needs is to act as a store of value, be recognizable as a unit of account, and be accepted as a medium of exchange.1


Bitcoin has value because it can function as a store of value and a unit of exchange. It also demonstrates six key attributes that enable its use in an economy. The definition of value in a currency has changed over centuries from physical attributes to the velocity of its use in an economy.
Bitcoin demonstrates the attributes of a currency, but its primary source of value lies in its restricted supply and increasing demand.

Mining Cost per BTCBTC

Decrypting a block of the Bitcoin network requires a very high energy cost, but it is not the
only operational cost. Producing 1 Bitcoin specifically refers to enabling it on the market
(remember that there are only 21 million Bitcoins created), and this work entails a series of
other costs, fixed and variable, associated with the cryptocurrency mining industry and that
should be considered.
The mining industry must face depreciation costs for mining equipment and infrastructure,
energy costs, maintenance, cooling, rent, taxes, administrative, etc.

In Trading Different, we calculated this Costs, making an indicator we many other variables that hepls to understand the market and predict the price.

The graph shows the production cost of 1 Bitcoin, represented by the orange line. This cost
is an important indicator of market health as it allows investors to understand whether they
are buying Bitcoin above or below its production value. This indicator is useful for all
investors, both long and short term.
Holders can make a better investment by seeking to buy when the price is at cost, or on sale
below it. While traders can better identify the direction of the market in a macro structure.

The mining industry must face depreciation costs for mining equipment and infrastructure, energy costs, maintenance, cooling, rent, taxes, administrative, etc.

The graph shows the production cost of 1 Bitcoin, represented by the orange line. This cost is an important indicator of market health as it allows investors to understand whether they are buying Bitcoin above or below its production value. This indicator is useful for all investors, both long and short term. Holders can make a better investment by seeking to buy when the price is at cost, or on sale below it. While traders can better identify the direction of the market in a macro structure

Bitcoin jumped 7.54% in the past 24 hours and pushed past $65,000 amid positive United States inflation data with traders now keeping an eye on two key indicators for a potential rise to $70,000.

Bitcoin crosses $66K as traders eye 2 key indicators for $70K target

Bitcoin jumped 7.54% in the past 24 hours and pushed past $65,000 amid positive United States inflation data, with traders now keeping an eye on two key indicators for a potential rise to $70,000.

Hi everyone,

I wanted to share some of my work-in-progress with you all. 😊

Recently, I participated in a discussion on Bitcointalk about a potential switch to Testnet4. You can check out the discussion here.

During the discussion, I quickly pointed out how to merge the pull request for Testnet4. However, last night, I started thinking about how to make this process reproducible. To address this, I created a Docker image that you can easily run yourself.

Hi guys, tought i would share my work (in progress)  

I was part of this discussion: https://bitcointalksearch.org/topic/run-a-bitcoin-testnet-4-node-5496329
It was about a potential switch to testnet4...

I quickly pointed out how to merge the pull request for testnet4, but last night i started to think: i want to do this in a reproducible way... So i created a docker image you could easily run yourself...

Bitcoin halving 2024
The Bitcoin halving happens essentially once every 4 years, so this a topic that needs to be discussed and analyzed.

The reason Bitcoin halving is such a popular topic is because the number of Bitcoin that miners are rewarded with.

Bitcoin halving has started already since April, the Bitcoin halving event happen once every 4 years, so this is a topic that needs to be discussed and analyzed.

Whether you believe Bitcoin is worth owning I definitely think that it should be at least a small part of your overall partfolion as a speculative asset.

The reason Bitcoin halving is the such a popular topic is because the number Bitcoin that miners are rewarded with.

From my little experience with the Bitcoin Investment system, the best time to buy the coin if you are targeting to make a profit in the bull run is during the bear run. The price is cheaper and you can make a good profit within the four-year circle. At this period you don't need to rush to buy because of FOMO but you can comfortably buy at your own pace using the DCA or other strategy that suits you.

Cryptocurrencies like Bitcoin can experience daily (or even hourly) price volatility. As with any kind of investment, volatility may cause uncertainty, fear of missing out, or fear of participating at all. When prices are fluctuating, how do you know when to buy?

In an ideal world, it’s simple: buy low, sell high. In reality, this is easier said than done, even for experts. Instead of trying to “time the market,” many investors use a strategy called dollar-cost averaging (or “DCA”)  to reduce the impact of market volatility by investing a smaller amount into an asset — like crypto, stocks, or gold — on a regular schedule

DCA might be the right choice when someone believes their investments will appreciate in the long term and experience price volatility on the way there.

-

Edit: I was unaware that Youngkhngdiddy had been banned earlier in the day, but here is additional evidence where he copies Quora replies word for word.

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The value of Bitcoin is proportional to Bitcoin Halving (reward).
(The lower the reward, the higher the price)

The Pi Cycle indicators is composed of the 111 day moving average (111SMA) and a 2x multiple of the 350 day moving average (350SMA x 2) of Bitcoin's price. This metric shows when BTC becomes significantly overheated (the shorter MA reaches the levels of the larger MA), and has historically been a good indicator for cycle tops.
 
an exponential distribution,
fτ(t) = αe
−αt
where α = 1/t0 = 1/E[T]. If the miner starts mining at t = 0,
and if we denote T1 the time needed to mine a first block,
then T2, . . . ,Tn the inter-block mining times of successive
blocks, then the Markov property shows that the random variables T1,T2, . . . ,Tn are independent and are all identically

distributed following the same exponential law. Therefore,
the time needed to discover n blocks is
Sn = T1 + T2 + . . . + Tn .
The random variable Sn follows the n-convolution of the exponential distribution and, as is well known, this gives a Gamma
distribution with parameters (n, α),
fSn
(t) =
α
n
(n − 1)!
t
n−1
e
−αt
with cumulative distribution
FSn
(t) =
Z t
0
fSn
(u)du = 1 − e
−αt Xn−1
k=0
(αt)
k
k!
.
From this we conclude that if N(t) is the process counting the
number of blocks validated at time t > 0, N(t) = max{n ≥
0; Sn < t}, then we have
P[N(t) = n] = FSn
(t) − FSn+1
(t) =
(αt)
n
n!
e
−αt
,
and N(t) follows a Poisson law with mean value αt. This result is classical, and the mathematics of Bitcoin mining, as
well as other crypto-currencies with validation based on proof
of work, are Poisson distributions.

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 Imagine you are in poverty, barely enough money to get by, going to bed hungry. Living on the edge. Now, you don’t eat for a few days, you scrape some money together. Are you really going to put it into a risky and volatile financial instrument that you do not understand? Or are you going to buy food, clothing or shelter? Please, everyone, give up on this pipe dream that somehow crypto helps pull people out of poverty. Anyone that believes this really does not understand poverty at all. If you live in poverty you don’t risk your money on things that you cannot immediately take advantage of, life is day to day.
  I’m afraid crypto cannot solve this kind of problems. Right now by the majority crypto is seen as a way to protect savings. This is the reason why we can see the burst of crypto purchases during crisis. But it has no influence on people’s wealth. To have it and to be able to exchange it to anything you have to buy it.  The problem between poverty and money is not the form or type of money that is being used, but rather how that money is distributed and accumulated. Cryptocurrencies are still prone to the same problems that are prevalent in liberal market economies. CEO salaries are still questionably exorbitant, tax havens exist, special interest groups have large sway over governments, low-income earners have stagnating income against rising inflation rates, and a whole host of other problematic issues. Just because people are really starting to embrace cryptocurrencies, there is no clear indication that cryptocurrencies will have any meaningful impact on lowering the amount of people in poverty.

  El Salvador becoming the first country to adopt Bitcoin as legal tender is a significant milestone for the cryptocurrency industry. The move is expected to have both positive and negative implications for the wider adoption and use of cryptocurrencies. On the positive side, El Salvador's decision is likely to increase awareness and adoption of cryptocurrencies, especially Bitcoin, in other countries. It could also pave the way for other countries to follow suit, further legitimizing cryptocurrencies as a means of payment and store of value. Moreover, the move could also provide economic benefits to El Salvador. It is estimated that the use of Bitcoin could potentially reduce the cost of remittances, which is a significant source of income for the country. In addition, it could attract foreign investment in the country's cryptocurrency industry. 
   However, there are also potential risks and downsides to El Salvador's decision. Bitcoin is known for its volatility, and using it as legal tender could expose the country's economy to significant price swings and other risks associated with cryptocurrencies. Moreover, the adoption of Bitcoin as legal tender may not necessarily lead to widespread adoption by businesses and individuals, as it still faces issues such as scalability and regulatory uncertainty. Overall, the move by El Salvador is a significant development for the cryptocurrency industry and could have far-reaching implications for its adoption and use as a means of payment and store of value. However, the success of Bitcoin as legal tender in El Salvador remains to be seen and will depend on a variety of factors, including its ability to address key issues such as volatility, scalability, and regulatory uncertainty.

 While some people believe that all you need to win in gambling is luck, this is not the case. Players definitely need the luck to win gambling games, but this is not all that you need. Yes, as a gambler, you will also need skills. Although, while we can see that skills are also very important, skill alone will not make a winner. In fact, skill combined with luck and psychology and a good and reliable casino will make you are a successful gambler. Gambling always involves a certain amount of luck, but certain types of games also require a great deal of skill. But, as we shall see, even in games that rely entirely on luck, such as roulette, skill can be an asset for players to understand their chances. With most of us staying at home during these difficult times, American, European and British casinos are seeing their visitor numbers increase. What better time to find out where luck can help you make quick money and where your odds are relatively small.
  Poker is clearly an example of a game that requires a lot of skill. The World Series of Poker is not won by a random player, but by a fairly skilled individual. However, poker can also involve a bit of luck. Poker is a long-term game in which players consider their cards and hand and think mathematically about the probability of success in the game. But in the end, if you keep getting the wrong cards (and it happens), you are sure to lose, regardless of your skill. Sports betting requires some skill to keep an eye on teams and players, but there is also a bit of luck involved, as matches can involve a fair degree of uncertainty. Casino slots and lotteries do not involve skill, and some might say the odds are always against you. The most important thing to remember is that the casino always has the advantage. Roulette is a game based entirely on luck, but as you will see, there is also skill involved. First, understand why the casino has the advantage.

    One of the conceits of cryptocurrencies is that anyone can mine them using a computer with an Internet connection. However, mining popular cryptocurrencies requires considerable energy, sometimes as much energy as entire countries consume. The expensive energy costs coupled with the unpredictability of mining have concentrated mining among large firms whose revenues running into the billions of dollars. Though cryptocurrency blockchains are highly secure, other crypto repositories, such as exchanges and wallets, can be hacked. Many cryptocurrency exchanges and wallets have been hacked over the years, sometimes resulting in millions of dollars worth of "coins" stolen.
   Bitcoin and other cryptocurrencies still have their fair share of haters and critics. Being a relatively new currency, it will take time to gain widespread trust and adoption. That’s why it’s risky to invest in bitcoin. Critics and haters try to spread distrust in cryptocurrencies such as bitcoin, which can impact the value and your investment in bitcoin. But when it comes to investing, you've got to balance your adventurous spirit with some down-to-earth sensibility. Do your research, diversify your investments, and never put all your eggs in one basket — unless it’s a basket you’ve crafted yourself from end-to-end, and even then, be cautious. So, yes, Bitcoin could be a thrilling part of your portfolio. Just make sure it's a part you can afford to take a wild ride with, or possibly even afford to lose. Enter the game with eyes wide open, a solid plan, and an exit strategy.

Plagiarism paraphrasing
KupaCrypto  Banned

Presidential elections in the USA happens every four years and interestingly Bitcoin halving happens the same year as the USA presidential elections , so let me analyse the  previous presidential elections starting from 2012 the early years of Bitcoin, that was the year for the first Bitcoin halving, Bitcoin was around $10 and finished that year at $13 , but fast forwarding to November 2013 a year after the halving and USA election Bitcoin surged to $253 and $1129 at the end of November 2013,

After the halving and the elections of 2016 by 2017, BTC broke through $1,000 in early January 2017 and $2,000 in May 2017. BTC then doubled to $4,000 in August 2017.

Though the COVID pandemic actually affected Bitcoin in 2020, Keep in mind that the bulk of the last Bitcoin bull run took place after the 2020 presidential election
it made its real move in the final quarter of 2020. It shattered its all-time high by breaching $15,000 in November 2020, moving above $20,000 in December 2020, and ending the year at around $29,000, so with all this statistic BTC is up for a bull run after the halving and the presidential elections.

Starting to sell goods and services online has never been easier for small business entrepreneurs. Receiving payment for goods and services, on the other hand, is a hurdle that most businesses experience. Payment gateways, which are used to receive payments over the internet, were born with the advent of the internet. Payment gateways are the largest chunk of internet users in the country and their numbers are increasing at an alarming rate.

~long post~