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Messages - ABCbits

Pages: [1] 2 3 ... 28
1
He's probably right, as we've seen few threads about Peter Schiff (including this thread). And while there are risks involved when investing on Bitcoin, it's clear he usually exaggerate about the risk itself.

2
Technical Discussion / Re: Which blockchains are the fastest?
« on: May 21, 2024, 01:19:25 PM »
Initially i thought you're talking about confirmation time (how fast transaction included in a block), but i was wrong. Anyway, i'm surprised that Bitcoin doing good in terms of TPS when there are so many altcoin which promise high TPS or block size.

What do you think, how important is speed and what does it mean for the future of each blockchain?

Some blockchain definitely benefit from higher TPS capacity, especially ones which various usage (e.g. token/NFT creation). Although we shouldn't forget many coin have L2 or sidechain network, where we could keep using "same" coin.

3
I'm not sure the owner actually accidentally send Bitcoin to wrong address. After all, you need to copy Satoshi's address from certain place (e.g. news or article) and exchange usually require you to double check/verify whether you actually want to perform withdraw. And when i decide to verify the actual amount, i find it's weird that currently 3 block explorer showing 3 different amount.

https://explorer.btc.com/btc/address/1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa shows 99.98853451 BTC.
https://www.blockchain.com/explorer/addresses/btc/1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa shows Bitcoin Balance 99.98849842.
https://mempool.space/address/1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa shows Balance ‎49.97855575 BTC, which probably exclude mining reward from genesis block.

4
National security risks is really overused excuse to arrest someone or stop someone from doing something they don't like. ASIC designed only to mine cryptocurrency with specific algorithm. How can ASIC affect U.S. military installations? It doesn't make sense.

5
Maybe they should also go into the details on how people in these countries are able to get into Bitcoin and how they gonna be converting them into their national currency since am sure there can be restrictions on popular cryptocurrency exchanges operating overseas to enter their countries

Good point, it would be interesting to read. Although i expect some of them either,
1. Perform P2P exchange between member on local cryptocurrency community.
2. Use foreign currency or bank service, assuming their country isn't under economic sanction.

6
It is enough to read what their users think -> https://www.trustpilot.com/review/cryptobrowser.site

I initially thought this website is just one of many scam/shady website with poor promotion, but it's clear that i'm wrong.

hey, im crypticrevelation and its my pleasure to engage you guys today:  ;Dyou can earn in the background while you accrue bitcoin on autopilot! check it people- its called crypto-tab browser and its amazing. whoever wants to see what it is all about and what you will be
 able to achieve, please click here:
I wonder how this works hmmm.
I still remember the time when I heard this years ago and to my curiosity, I also tried installing this with my old laptop (no important files or anything crypto related files on it at all).

Didn't wait for too long and I removed it immediately after a minute or two. I heard a noisy sound inside of my laptop and whenever I hear that, I know that something huge is running in my laptop that it requires lot of memory. Anyway, I don't also think that this is a good way to earn Bitcoins. You might earn some, but what are the costs? I don't know though if it's a scam or not because the browser extension itself doesn't ask for money from other people. Might as well ignore, or avoid it.

Yeah, laptop (especially old ones) shouldn't be used at 100% cpu usage all the time.

7
I think we can make guess of their purpose by reading their blog post on https://usa.visa.com/visa-everywhere/blog/bdp/2024/04/24/making-sense-of-1713984605043.html. Visa wants to say stablecoin is still far from reaching Visa's volume.
Now it makes sense, +1 for you dude. Actually, I was confused because Visa is a financial infrastructure or platform providing financial services or allowing us to perform financial activities, it is not a currency so why they are comparing themselves with Fiat or Bitcoin? As Fiat and Bitcoin is a currency, assets or whatever a person call them. But they are not providing financial infrastructure there aim was not to? or is it?

That's why I asked the real purpose of this data, well, they made this dashboard with the help of Allium labs, which seems to me a good thing, as such things must need to be brought in front of our eyes, now with the help of this dashboard they can still remain in the third place. Nice move BTW.

As for other fiat service and stablecoin, i would guess it's because probably Visa know some users only care about make payment or sending fiat (or it's equivalent) to another user at low fee or high convenience. Other fiat service might offer lower fee, while stablecoin on altcoin network have very low TX fee.

8
Crypto-related Sites / Re: Coinmarkatcap?
« on: May 20, 2024, 10:08:58 AM »
I have different opinion about this matters. I would recommend CoinGecko instead, especially for newcomers.
Honestly, I tried to use Coingecko more for some other reasons, but CMC is still more user-friendly, or at least it is much more convenient for me to use.
Although lately, CMC has become quite slow, too much data is loaded, often completely unnecessary, plus various advertisements and javascript, and it has a lot of impact on the usefulness of the site itself.

In that case, have you tried using adblock add-ons or software (such as uBlock Origin) to block those ads?

I would like to see a better alternative that will be devoted exclusively to the needs of the user.

There are so many desktop or mobile application which shows cryptocurrency data, where it's data taken from either CMC or CoinGecko API. One of those probably could be more user friendly for you.

9
Crypto-related Sites / Re: Coinmarkatcap?
« on: May 18, 2024, 12:34:01 PM »
I have different opinion about this matters. I would recommend CoinGecko instead, especially for newcomers. It has more clean and less confusing UI with better coin/token categorization. CMC doing that badly, especially when categorizing privacy coins[1].

[1] https://www.altcoinstalks.com/index.php?topic=316407.0

10
BTPI Launches Study on Bitcoin’s Impact on Financial Freedom in Authoritarian Countries

The Brooks School Tech Policy Institute (BTPI) at Cornell University has launched a $1 million research project to explore the relationship between Bitcoin and financial freedom in authoritarian countries.

Led by BTPI Director Sarah Kreps, the research aims to understand how individuals use Bitcoin and stablecoins for financial security in these environments... Read more here.



While it's not started yet and we probably will see the result 2026, i find it's exciting news. After all, it's one of very real/important usage of Bitcoin. Although looking at institute's website, i also find they only focus on 12 country which is weird for me. Your opinion is greatly appreciated.

11
I do not read the bill itself, but overall it seems to be good news for Bitcoiner who live on Oklahoma. The news doesn't state about privacy though. Your opinion is greatly appreciated.
No need to read the whole bill as the news and the tweets give us almost all the information.
--snip--

You're probably right. But there's reason why idiom "The devil is in the details" exists. Although i don't see any news criticize this bill so far.

12
Crypto Wallets / Re: Best Ethereum Wallet with Lowest fee?
« on: May 18, 2024, 11:11:28 AM »
@Aanuoluwatofunmi is right. So you probably better ask "Which Ethereum Wallet let me configure TX fee rate manually?". I recall both MetaMask and Exodus let you do that under advance/custom option.
As far as I know, most crypto wallets have the feature of easily customizing fees according to user needs. Users only need to search for instructions and follow them to be able to save transaction fees when necessary. MetaMask, Coinbase, Blockchain, TrustWallet, SafePal... - users have many choices.

You're probably right, since i personally only tried few wallet software which support ETH. Although in few cases, those wallet might offer limited customization instead (e.g. choose between low, medium or high fee where it's fee rate already defined by the wallet).

The only case where users are forced to accept high fees is when using the Swap feature on the crypto wallets. These wallets often charge high fees to ensure the fastest possible user experience. Users of the Exodus Swap feature will understand this very well ^^

Yeah. Those wallet also do that to prevent wasted ETH due to too low gas fee.

13
I don't expect such statement come from some who supposed to be historian and philosopher. He can't even tell difference between distrust and better transparency/freedom which offered by Bitcoin. He don't even acknowledge reason why some people doesn't trust government so much.

14
Crypto Wallets / Re: Best Ethereum Wallet with Lowest fee?
« on: May 17, 2024, 11:55:13 AM »
@Aanuoluwatofunmi is right. So you probably better ask "Which Ethereum Wallet let me configure TX fee rate manually?". I recall both MetaMask and Exodus let you do that under advance/custom option.

15
It's a bit weird reading the right to self-custody of BTC as it's like a law giving you the right to stash fiat in your personal vault. Since bitcoin is already a capital asset and transactions are subject to Capital Gains Taxes, I think it's already implied that it's not illegal and you the right to store them in your non-custodial wallet.

I didn't think about that, but you're right. But at least, it would make Bitcoiner on Oklahoma  feel safer.

The most important part there is the legalization of Bitcoin mining.

But quick google search shows household electricity rate is above $0.1/kWh which isn't attractive for serious miner.

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