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Messages - philipma1957

Pages: [1] 2 3 ... 44
1
Forum related / Re: No Lightning Network board?
« on: Today at 05:36:33 AM »
i did a thread on bitcointalk on how to use LN on both nicehash and kraken.

10 screen shots and info. I could do a thread here using the info I did on bitcointalk.

both nicehash and kraken support LN and eliminate the need for you to maintain your own LN node.

obviously you put 1/10 or 1/20 maybe 1/50 of your btc on nicehash or kraken to use LN

but it is easier for new people to use them.

I will be honest I use LTC and Doge for small moves but those that really just want BTC should be able to find good info on LN

2
Cryptocurrency discussions / Re: Are more altcoins killing altcoins?
« on: June 20, 2024, 06:17:15 PM »

In the past, the spread of altcoins was a sign of market prosperity, as more projects with different capabilities meant more options and thus more cash flow, but in the last four years the market has witnessed a state of madness, as despite the increase in money being invested in altcoin, the number of tokens/coins has swelled from hundreds per day to thousands per day, and the bear market was an indicator of failure for these projects.
Is this growth beneficial for altcoins or will it make investors abandon from investing?



source -----> https://www.statista.com/statistics/863917/number-crypto-coins-tokens/

We. Are stable .

9900 in Jan 2022 and 10,000 in June 2024.

But if we ever do a big run up to 125k btc and 6k eth I think alts will run up to 13 or 14k alts which diluted things a lot.

3
but for people who are dependent on the internet, it could be a nightmare like living in ancient times, right? For example, we have electricity to power the television, relying on satellite signals will only provide a few broadcasts for people living in remote areas... and in the end it is the internet that makes live television more interesting.
-snip-
In fact, I'm sure there are probably only a very few people who still care about their Bitcoin.
I face electricity outages occasionally in my old home, so yeah it can be a bit annoying for those who work from home, or simply looking for entertainment. In a scenario where I'm not exposed to the internet or can't make Bitcoin transactions for a while, I'll probably sit back and find other means to check the network if possible. Not necessarily because I'm afraid my Bitcoin will disappear, but because I'd like to make a transaction if possible. I've been using Bitcoin to pay for stuff for months, I don't think that habit will disappear just because my internet is down. Especially when I have easy access to food in my area.

You are not answering the ops question.

The world wide failure of the internet would not be due to simple power failure. It would be the largest emp that hit the earth fully frying every chip there is.

Banking records would be erased it would be a failure of tech.
Every jet with a computer would fail meaning thousands of jets would crash and burn

4
Dogecoin Forum / Re: Love it or hate it, but DOGE made history!
« on: June 20, 2024, 03:10:11 AM »
Doge is a strong mining coin. I still mine it with LTC being doing so for a decade.
I'm quite curious about the profits you've made from mining DOGE and LTC for such a long time. Is the revenue enough to satisfy you and continue to support DOGE in the future? Why did you choose LTC over BTC when LTC is gradually being forgotten and BTC is very successful and has a new ATH?

If I had to choose between DOGE and LTC, I would choose to mine DOGE because its future seems brighter than LTC's because DOGE is the leader of memecoins and has the potential to explode in this cycle when the memecoin trend returns along with altseason!

I merge mine ltc/doge make more than just one of them.

the L7 burns 3kwatts at 10 cent power that is $7.20 in power burned.

it earns about $13.50 so net $6.30

the s21 burns 3.5kwatts at 10 cent power that is $8.40 it earns 11.20

so net $2.80


5
General Discussion / Re: How do you use the internet today?
« on: June 20, 2024, 03:05:08 AM »
I use the internet to support my work. Honestly, there are lots of tutorials on the internet that are very useful to apply. Even now, the internet has become a quite promising side income for me. Many people really want to earn money from the internet, but they find it difficult. I feel lucky to be able to get to know the internet and the world of cryptocurrency. Because with these two elements, my economy is stronger than before.

Information shared on the internet will only be limited to my knowledge. As long as there is still a lot of news that is full of lies, we all have to be skeptical of the information that is shared.

I use youtube to learn how to repair stuff that breaks in my home.

Just fixed my garage door for under 100 bucks. It would have been 350-400 if I hired a guy.
I sell shit on ebay.
I also earn from signatures here and bitcointalk.

6
80% in the wallet 20% in the exchange if you are not looking to sell.

60% in the wallet 40% in the exchange if you are looking to sell

if you do sell pull most of the cash out.

I am interested in knowing what you do as a miner. Especially after halving. Do you really plan to sell some of your earnings to pay electricity bills? Are you guys mining at a profit at this moment? Do you keep your money on exchanges just as you described here? If these are not too personal questions, I guess the answers will be interesting.

Even though it is not recommended to keep money on exchanges, sometimes we have to move funds due to the network congestion and the fees. Maybe you don't have this problem because you can add your transactions as a miner  ;)

The mine finally ended. I have most of my money in my own wallets.

I still have 10% in exchanges. I am just stacking my signature coins and a tiny bit of home mining at a small loss.

7
Economics , Sociology & Politics / Re: Gold and Bitcoin
« on: June 18, 2024, 05:21:20 AM »
myself I do silver, bonds, and btc. I am all inclusive.

8
Gambling discussion / Re: Would you sell your Winning Strategy!
« on: June 17, 2024, 09:30:05 PM »
To be clear the op talks about an 80%;hit rate.

I assumed that rate is on a 50-50 bet.

 So 10 100 dollar bets means you lay out 1000 and get back 1600 minus fees of a say 80 bucks.

So 1000 becomes 1520 over and over and over.

You can't sell this because if too many do it the bookies will end that kind of a bet.

9
1 - Immediately release the developers of Samourai Wallet and Tornado Cash (I'm sure I've forgotten many more) from the prisons where they are serving their sentences.
2 - Immediately stop the persecution to which some Bitcoin service developers are subjected.
3 - Bitcoin to become a legal tender in the US.
4 - Free electricity (or very cheap).
5 - A very low tax rate for miners.
6 - Insert here many other good ideas.

If Trump signed a legal document committing to do the things I said above, I'm sure a lot of things would change. But as we know, he won't do any of that. Although if Trump really wanted to do it it wouldn't be very difficult for him with measures like those.

If Trump gets in he will go out of his way to hurt BTC.

He did it in 2017 he will do it again.

I can think of a lot of ways to hurt BTC so can he.

11
I think it is one of the promises that can be believed. moving mining to the United States will be good, so that they can be forced in the future to implement blacklists or influence the network if all mining pools are suddenly closed, and moderate taxes can be imposed on them, in addition to the fact that these activities will provide directly or indirectly
I hope @philipma1957 gives us his opinion here.

missed this was busy this last weekend.

In the USA and world  in dec 2017 btc and crypto was whaling smoking firecracker hot.

Trump passed the like kind trade law that end the tax break of trading coins with no tax reporting.

the law came into effect on Jan 1 2018 and crypto crashed in 2018.

So I think Trump knew how to hurt BTC bigly in 2017 and he did.

I would not trust him as a BTC supporter.

Does it mean I think Biden is good nope.

I think the USA is about to get fucked bigly over the next 4 years.

It is like I get to pick a lion 🦁 or a tiger 🐯 to watch me while I sleep. 💤

God help us all.


12
If the internet goes down today, it will be like the world has come to an end because a lot of things will go wrong. This is because internet is now part of our basic needs and imagine if there is no more food in the world, what will happen is the same thing that will happen when the internet is shut down, because a lot of people depend on the internet currently to sur.

It's not even possible for internet to go down completely because I think the likes of internet computers run an independent service providers, I don't know how decentralized they are but it's not possible for the whole world to blackout on the internet, this is even why we have the likes of Elon Musk cable as space X but I don't just know if this independence service providers don't have affiliations with the local providers since permission is needed before they are allow to lunch their service.

There are so many things on the internet that the world depends on, if the internet is shutdown today, not only cryptocurrency will have a problem on it networks, virtually all economy will die because Banks can't do without internet, digital banking takes more than 60% of banking activities.

The entire downing of the internet would mean the largest ever EMP in earths history.

All electronic devices with chips would die.

Only underground heavy protected electronics would survive. So much data would be lost the riots and looting would be terrible. No one would care about crypto

13
I used to do a lot of escrow on bitcointalk. tens of thousands of dollars at times.

escrow for miners on bitcointalk has slowed a lot.

and bitcointalk market place does not sell like they used to do.

14
General Discussion / Re: What tablet do you own?
« on: June 17, 2024, 12:29:46 AM »
all i own are sammy phones never had a battery fail. or die.

15
Cryptocurrency Price Speculations / Re: Who is HODLing?
« on: June 17, 2024, 12:27:41 AM »
You do not have to have a huge idle money to invest, a lot of people forget that savings is a way to make money in bitcoin too. If you get your salary per month, just after getting that money, invest every month. If you do that every single month for ten years, I do not care how late you think you are to bitcoin, you are going to make some good decent amount of money. This will not make you rich overnight, but after ten years of doing this, or twenty years of doing this, you are going to be quite wealthy I believe. Of course this is just a guess, or more like hope, because I am trying to do it and I hope it works out.

I am stacking my signature earnings and hodling them.

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