DORANBU0818

On 10/6/2019 at 9:41 AM, teminalibug said:

So what is a forum?

According to Wikipedia, the free encyclopedia. An Internet forum, or message board, is an online discussion site where people can hold conversations in the form of posted messages. Forums act as centralized locations for topical discussion. The Forum format is derived from BBS and Usenet.

Well, that is very technical definition, but in short a forum is where you discuss matters that people or you don't know about or are confused with. Could be a question/ a statement but something discussiable (that's not a real word by the way only meaningful)

A forum is a place for people who seek knowledge, is a place we help each other understand things. Instead of goggling a document and read it alone here you get to discuss it.

I come here often reading posts and all i see is blog type post, something like what is x wallet? really?! really dude!, i don't wanna link those posts here. just so you know very boring, at first i thought maybe this wallet has some special feature, okay let's check it out and i wound like two lines of sentence defining the wallet.. sigh! not just that i found very useless content people posting. guys the reward is sweet but make it worthy it.

So here are the things to avoid in posting forum (at least the ones i think are right, i mean its not like I'm forum expert)

1. avoid posting bitcoin news, unless its breaking and interesting (discussiable) or holds very useful info.
2. Please don't Copy and pasting content, create original content.
3. Don't tell us what is bitcoin.. Please! LMAO.

NOTE: Contribute to other people topics, if you have nothing to say.. you might get some ideas reading other's topics.

yow dude this is so helpful men not only to share info but to help us how to make one please men keep doing this and many more people will have more thoughts about what you make.

uhmm for me it pretty gonna have a super duper bad time because almost all in the world use google so if that will happen we will be doomed.

I personally think that crypto is a very good crypto currency that can helps us earn money and helps us learn how to trade so crypto future is very unknown.

On 12/3/2019 at 5:09 PM, Migo said:

I don't think there an exact answer for this, no one knows but I can tell that bitcoin will stay for a long time from now, nothing sure yet

I agree to this man because only the CEO and the employees will only know the real status of bitcoin but he is right the company will stay for a very long time.

16 hours ago, ASDFGHJKL17 said:

I don't think it's mining, because as of now we can see mining going down before mining nowadays are not considered as profitable. Because mining requires a lot of electricity. 

Yes I totally agree with what you said in this but for me Bitcoin because it is stable and most trusted cryptocurrency that has been made.

yeah men thanks for saying this I almost forgot you this is a very rare opportunity for use people that wants to gain more money and trade more.

On 11/20/2019 at 12:53 AM, rakib7970 said:

Keep some BTC stored in your wallet and have them in a safe place. Bear in mind today's btc will more precious in the coming days and will be more expensive in future. So keep them in safe place right now and if you do it properly it will keep you safe you in the future. So be smart and get collect btc or top cryptoes as much as you can.

I agree with you we all peple need to store real money in hands so that we can train our self in saving so that we will not need anymore banks or anything.

I did not use yet my coins because I intend to save money for my future and so that when in the future I am insured that I have stored money.

On 12/4/2019 at 3:32 PM, Migo said:

Hi members, I found a great site for us and everyone would like to earn and avoid scam, because I know we are tired of scam and scammers, so this site is full with just and just the trusted sites in many fields, I mean there is not one field, but you have cpa, cpm, mining sites, and many more, if you have any suspicious site just type his name and you will find enough informations about it, anyway try it and please don't skimp me with your replies. 

https://foxyrating.com/en/

Thanks men I really appreciate this dude this will help a lot to keep away from scammers I hope you can find more if this you can help more other people from this☺️.

Accept that Bitcoin is a volatile, high-risk opportunity

If you’re going to handle Bitcoin investing mentally, you need to get your head around the fact that it’s going to be a bumpy ride. The volatility in Bitcoin is enough to scare off even the most experienced of traditional investors.

I think I have been in crypto 2 weeks before to be honest crypto help me to improve my skills in gathering information and helps me to sharpen my vocabulary to execute my comment.

For me, people should invest in bitcoin right now especially that its coin price is low and wait for the time that its price will go up for you to sell it.

I would just sleep all day because mining  and faucet is not that profitable so i will just sleep all day.

For me , the best token or coin that evryone should buy and hold is bitcoin because the price of bitcoin now is low. 

On 11/21/2019 at 12:44 PM, Crypto123 said:

The Lightning Network (LN) as a concept was created by Joseph Poon and Thaddeus Dryja in 2015. The main idea behind the project is to design a payment protocol that can be used as an off-chain solution for the scalability problem faced by the Bitcoin blockchain, but the concept may be applied to other Cryptocurrencies as well.

The introduction of the Lightning Network was triggered by the limitations that not only Bitcoin but by many other cryptocurrencies are facing. Currently, the Bitcoin blockchain is only able to process from 2 to 7 transactions per second (TPS). As the cryptocurrency ecosystem grows and more people join the network, the number of transactions being broadcasted to the blockchain also increases. As the network gets more and more congested, the overall performance is compromised, which greatly reduces the practical usability of Bitcoin as global digital currency. In such a context, the LN was created as an attempt to alleviate the network congestion of the Bitcoin blockchain.

How does it work?
The Lightning Network consists of an off-chain transfer network that is being built on top of the Bitcoin blockchain. The system works on a peer-to-peer (P2P) level and its usability relies on the creation of the so-called bidirectional payment channels, through which users can make seamless cryptocurrency transactions.

After two parties decide to open a payment channel, they are able to transmit funds back and forth across their wallets. Although the process of setting up a new payment channel involves an on-chain transaction, all transactions that take place within the channel are off-chain and do not require a global consensus. Therefore, these transactions can be quickly executed through a smart contract, incurring in much lower fees and a much higher TPS rate.

In order to open a payment channel, the two parties involved need to set up a multi-signature wallet and add some funds to it. Funds that are stored on multi-sig wallets can only be accessed if the private keys of both parties are provided (two or more, depending on the case). This means that one party cannot open the wallet without the consent of the other.

As an example, let’s imagine that Alice wants to use the Lightning Network to trade Bitcoins with Bob. First, they set up a payment channel, using a multi-signature wallet. While the payment channel acts like a smart contract, the multi-sig wallet acts like a vault, where the funds to be traded are deposited. During the lifetime of the payment channel, Alice and Bob can perform as many off-chain transactions as they want.

Right after each transaction, both Alice and Bob sign and update their own copy of the balance sheet, which records the amount of coins each one has. When they are done with their transactions, they can close the payment channel and broadcast the final balance sheet to the Bitcoin blockchain. The LN smart contract will make sure they receive their Bitcoins, according to the last version of the balance sheet.

Summing up, the parties involved only need to interact twice with the Bitcoin blockchain. One time to open the payment channel and another one to close it, which means that all other transactions that take place within the channel are not directly interacting with the main chain.

Network Routing
Even if two parties do not have a direct payment channel, they are still able to send and receive Bitcoins through interconnected payment channels. That means that Alice is able to send payments to Charlie without having to create a direct channel with him, as long as there is a network route between them that contains enough balance.

So, if Alice has an open payment channel with Bob and Bob has a channel with Charlie, she can send the payment through Bob. The payment routing may involve many Lightning Network nodes, but the smart contract will automatically search for the shortest available path.

Advantages of Lightning Network
The LN project is working towards an off-chain solution for the scalability problem. If successful, it may reduce the traffic on the Bitcoin blockchain.
Through the use of bidirectional payment channels, the Lightning Network allows for nearly instant transactions.
The LN may be suitable for micropayments, as it allows the transfer of small values. Moreover, automatized micropayments may be implemented on the Machine-to-Machine economy, where transactions are made between electronic devices without the need for human interference.
Limitations of Lightning Network
Unlike on-chain transactions, LN payments cannot be made if the receiver is offline.
Participants of the network may need to monitor payment channels regularly in order to keep their funds safe (such risk could be overcomed by outsourced monitoring services).
The LN is not suitable yet for large payments. As the network counts with many multi-signature wallets (which are basically shared wallets) chances are high that these will not have sufficient balance to act as intermediaries of large payments.
Opening and closing a payment channel involves an on-chain transaction, which usually requires manual work and higher transaction fees.
When Is Lightning Network Coming?
On March 15th of 2018, the Lightning Labs announced the 4th major release of the Lightning Network Daemon (lnd), which gave rise to the first Lightning mainnet beta release. The lnd is a complete implementation of a Lightning Network node and is currently being experimented on the Bitcoin Test Network. Along with lnd, there are other implementations being developed, such as c-lightning and eclair. 

Note, however, that there is no official release date for Lightning Network as each protocol implementation has a different approach, which is based on regular updates and continuous development.

Since the lnd beta release, there was a huge increase in the number of LN nodes and payment channels. As of January 2019, Grafana dashboard reports more than 24,300 payment channels.

The collective work of nodes and payment channels is what makes the Lightning Network an interesting solution for the scalability problem. The beta version has been going through a lot of experimentation and its efficiency is yet to be proved. Nevertheless, the Lightning Network does have a huge potential to improve the Bitcoin and the cryptocurrency ecosystem.

 

Source: https://www.binance.vision/blockchain/what-is-lightning-network

Thank you for sharing this information to us. Now i know what lightning network is. Thanks to you. I learned another lesson here. 

Bitcoin and Ethereum or btc and eth is the two most top performing coins that many people uses but bitcoin is still in the first place.

To be safe from scammers always be attentive and always be smart, avoid giving accounts and passwords that may use by the scammers to hack your accounts and if you notice somethings wrong about your account change your password account.

I think bitcoin use electricity but not waste it it's natural to use money for some machine to work right? So then it's not considered as wasting electricity.

On 10/28/2019 at 7:35 PM, Cryptohash said:

 

6 Useful tips which will help you to find Scam sites

Check link is totally virus free using - Virus Total

Check website is secure or not - Near website name in left corner

Search -> Website name + Review

Content search - Copy paste all content - To google search

Any Programs with team member -> copy paste all there photo in google image and check for image detail.

Check and Report - scamadviser

 

If you got any good idea other than this or any stuff to be added 🙂 you can share below

Wooow! Thank  you so much for  sharing this tips to detect scam  websites. I really appreciated this.

It is easy to earn money here in crypto because you can trade, invest, and gamble your money and it has a chance that the money you bet, will be doubled. 

Yes, i agree with you. One of the advantages of mining is even that you are sleeping, you are still earning money because mining is operated 24/7 but one of the disadvantages of this is wasting a lot of electricitym 

I think what you can do is to report it to the proper authority that can help to your problem and try to outsmart the scammer that wants to scam you and no matter what do not give you account and password.

Yes. I suggest you to buy bitcoin now especially that the price of the bitcoin is low. It is an advantage to us that the price of the bitcoin is low. 

14 hours ago, Agios said:

Not too surprising if the USA accept the Crypto Market because the USA is a home to most of the largest crypto companies. Anywhere in America you will easily to buy and sell cryptocurrency and also many store will accept crypto/Bitcoin as payments. There are still many countries that prohibit cryptocurrecies because their governments are not ready to accept crypto, which they think will disrupt their economy and financial system.

 

I agree with you. It is not that surprising because USA is a home of the largest crypto companies. And in America, crypto or bitcoin is legal in there.

19 hours ago, noman said:

If you dont have any electricity source in your village what will you do with your cryptocurrency.

Will you convert it to fiat ?

Or 

will you keep it ....(for profit or something else?)

 

If i do mot have an source of electricity in my village, i will still keep my cryptocurrency. I will go to any places that have a electricity or wait until our source of electricity will be back.