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oba;12409 wrote:Vastextension;12408 wrote:Meanwhile, this is one of the key benefits of using cryptocurrencies in financial transactions because it eliminates the need for intermediaries like banks, which can delay or reverse transactions under certain circumstances.
However, there are some exceptions to this rule. For example, some cryptocurrencies and wallets have incorporated features such as multi-sig and smart contracts, which allow for more complex transaction types that may include an option for refund or reversal.
The operations involving these features require multiple confirmations before the transactions can be finalized.
It's always important to take extra care in entering the correct cryptocurrency address, double-checking all transactions, and verifying that the transaction has been completed successfully before considering it final.
Vastextension;12387 wrote:oba;12385 wrote:Yes, and generally, cryptocurrency transactions cannot be reversed after they have received at least one confirmation on the blockchain network.
When a cryptocurrency transaction is sent, it is broadcasted to the network of nodes that validate transactions through a complex cryptographic process.
Once a transaction has been broadcasted and validated by as little as one node, the transaction is essentially considered final and irreversible.
Meanwhile, this is one of the key benefits of using cryptocurrencies in financial transactions because it eliminates the need for intermediaries like banks, which can delay or reverse transactions under certain circumstances.
oba;12397 wrote:Vastextension;12396 wrote:Yes, that is correct and another thing is that centralized exchanges are prone to hackers, technical errors, or human errors. This can result in the loss of users' cryptocurrency or breaches of their privacy.
The only benefit of a centralized exchange is the advanced functionalities offered by centralized exchanges and vast trading pairs, but they often have high transaction fees or management fees, making it more costly for some.
I hate the fact that centralized exchanges depend on individual organizations, they are subject to local or international regulatory authority's rules and regulations.
Meanwhile, the regulations may restrict the exchange's functions, transaction flow, or even geographical reach, preventing some users from accessing the platform.
joanna;12394 wrote:oba;12303 wrote:First Binance is not a project, it is a centralized cryptocurrency exchange and it turns out to be a scam exchange it will affect the price of the cryptocurrency market since its the leading centralized exchange.
This is one of the problems we have with centralized exchanges, the regulators will always intervene in their mode of operation and this will literally hurt the market price. However, it is good that it won't affect the price of Crypto coin.
Apart from what you mentioned, there are other issues about centralized exchanges we should not forget that they hold user's digital assets in their custody, which means that users do not have control over the custody and access to their digital assets if the exchange is found guilt it may be hard for the user to access their funds.
Yes, that is correct and another thing is that centralized exchanges are prone to hackers, technical errors, or human errors. This can result in the loss of users' cryptocurrency or breaches of their privacy.
level;12290 wrote:Vastextension;12289 wrote:Yes, Elon Musk didn't have any misfortune in the aspect of making money through social media but I think the misfortune they were talking about is him losing his position as CEO.
I totally agree about Elon Musk's irrational behavior is the reason why he loses his position. From what I see he's not needed and his car factory is the best place for him.
I want to talk about Elon Musk losing his CEO job. Before he promoted Dogecoin on Twitter to raise money quickly, I think he was already aware of this.
Yes, he is already aware of everything and I am sure no genuine Twitter user will like how he operate everything when he was on Twitter to the extent of making some celebrity lose their blue ticker mark.
thrive;12382 wrote:Kelechi;12357 wrote:Let's say there are three blocks for a cryptocurrency transactions to be confirmed right, can it still be reversed if only two were confirmed?
If only two were confirmed? Your statement is hard for me to understand new blocks are generated on every blockchain and once a transaction is added to it instantly has one confirmation. Once it has a single conformation there is no way it can be reversed.
Yes, and generally, cryptocurrency transactions cannot be reversed after they have received at least one confirmation on the blockchain network.
When a cryptocurrency transaction is sent, it is broadcasted to the network of nodes that validate transactions through a complex cryptographic process.
IyaJJJ;12230 wrote:full;12123 wrote:It does bring up misfortune to him if not for the cryptocurrency Twitter community won't have voted him out as the Twitter CEO and sure people are happy with how Twitter is operated after Elon Musk step down.
It does bring up misfortune to him if not for the cryptocurrency Twitter community won't have voted him out as the Twitter CEO and sure people are happy with how Twitter is operated after Elon Musk step down.
I don't know in what sense you guys are talking about Elon Musk's irrational behavior bringing him misfortune because i don't see any misfortune on him and for the record he has made the money he invested on social media.
Yes, Elon Musk didn't have any misfortune in the aspect of making money through social media but I think the misfortune they were talking about is him losing his position as CEO.
oba;12285 wrote:joanna;12284 wrote:Yes, users can earn additional CRP coins by participating in the PoS consensus algorithm of the UtopiaP2P ecosystem just by holding their CRP coin in the built-in uWallet.
By taking part in the mining process, which entails supplying processing power to support the network and verify transactions, users can also earn Crypton coin (CRP).
Another means of earning I know is hosting uNS names which create and host unique domain names on the UtopiaP2P network using uNS, and earn CRP through the use of their domain names.
In summary, the Utopia P2P ecosystem offers a number of alternatives for individuals to supplement their income but the earning depends on individual technical skills and knowledge about the benefits provided by the UtopiaP2P.
oba;12280 wrote:joanna;12279 wrote:Yeah, the trading of uNS like NFT could trigger the UtopiaP2P ecosystem to join the NFT market. What do you think of the UtopiaP2P launch pad that was paused?
It is hard to tell what's the reason why the development of the UtopiaP2P ecosystem choose to pause the launchpad but I believe launching it now is not a good idea and that's why they pause it.
Yes, creating a launchpad now is not a good decision since there are still a lot of things that need to be well-developed. An example is the mobile wallet and more trading pair on the Crypton exchange.
There are a lot of things that need to be put in place before some features are added to the UtopiaP2P ecosystem but I believe with time they will be added and the best thing to do now is to accumulate CRP coin.
IyaJJJ;12218 wrote:full;12150 wrote:Why do you believe the UtopiaP2P ecosystem doesn't need NFT?
I think you're missing one thing about the UtopiaP2P project. It was said to be all in one kit. Technically it ought to provide privacy in all areas.Yes, UtopiaP2P need to join the NFT market and make privacy available there since the development team of UtopiaP2P said they are going to make privacy available almost everywhere.
Other than what you said about making privacy accessible everywhere in your utopiaP2P development statement. They already had a plan for NFT before things changed.
Yes, they were planning to create privacy NFT marketplace some months ago before the NFT market was abused by naive NFT project owners and the community lose interest.
oba;12270 wrote:joanna;12269 wrote:If we do the mathematical calculation you are right because the Crypton coin was currently accepted as payment by 1859 online merchants which is a hard record for every privacy coin.
Yes, some of the records achieved by the Crypton coin in 3years is something some cryptocurrency in the market was unable to achieve as we speak.
What I like about Crypton coin that also makes me believe it will be among the top privacy coin is that it is completely good for everything, transaction, and mass adoption.
Its transaction confirmation time is world-class and there's no doubt that it will be incredible for mass adoption and border-to-border payment.
joanna;12265 wrote:level;12264 wrote:I supported what you said since Telegram is a messaging app that provides various features such as end-to-end encryption, and cloud-based storage. Therefore, there's a huge danger for people that use it for end-to-end encryption, and cloud-based storage.
Even though Telegram provides end-to-end encryption and other security measures, there have been reports of hackers gaining access to user accounts. Users may also be vulnerable to phishing scams and other security threats.
From my own understanding, Telegram is primarily a messaging app and may not be suitable for all use cases, such as business communications.
It is important for users to carefully consider the risks and limitations associated with any software or service they use and to take appropriate actions to safeguard their privacy and security.
joanna;12260 wrote:KAMSI_UG;12117 wrote:Same I think I first heard about Utopia p2p on telegram and I was interested in what the person actually said about UtopiaP2P and so I checked it out myself.
Telegram is a good place to learn about cryptocurrency but be careful of scammers that offer shady business deals and trading.
You're right and despite the benefit of the telegram, the only problem it had is that some cryptocurrency scammers use it as a platform to target their victims.
Even so, Telegram is a contentious social network that has also experienced data leaks and problems with vulnerability discovery.
IyaJJJ;12221 wrote:Kelechi;12130 wrote:Investing in real estate is volatile in the sense that the price always very often go up, it's difficult to see the price of a land property go down.
Yes, the price of land always appreciates I believe that's because of the increase in population and limited settlement in some geographical areas.
Yes, as the world population grows, the demand for land also increases, leading to a rise in prices. This is particularly true in populated cities where there is a shortage of land.
I think the construction of transportation infrastructure, such as roads, bridges, and public transportation, makes the land more accessible and alluring to buyers, which raises land prices in some nations.
full;12236 wrote:IyaJJJ;12235 wrote:It is when your transaction is confirmed not when all blocks in a transaction are confirmed and when a transaction is included in a block it is technically confirmed though it may not have all the needed number of confirmations yet.
I don't know the cryptocurrency you guys are talking about but, Yes, when a cryptocurrency transaction is included inside a block, it is considered confirmed.
Miners are individuals who compete to solve difficult mathematical equations in order to validate and process cryptocurrency transactions. In return, they are rewarded with new cryptocurrency units.
When a miner completes the equation, a new block is generated, which contains all the transactions that have been included in the previous block and confirms the solution.
IyaJJJ;12242 wrote:thrive;12241 wrote:The same underestimation is currently happening to the Crypton coin of the UtopiaP2P ecosystem and I hope people will be wise enough not to lose the opportunity.
The best wait to not miss the benefit of a project is to know the project product benefit, service, or action is meant to achieve. The benefit can only be understood in the context of its purpose.
I will suggest always conducting research on the product, service, or action to understand how it works, its features, and its effects.
It is good to identify the specific advantages that the product, service, or action offers while also considering the ways in which it is superior to others or how it can address the desired outcome.
Vastextension;11806 wrote:full;11800 wrote:Aside from that, the activation fee introduced by the UtopiaP2P development for this forum will be a drawback for scammers on this forum.
Yes, the activation fee upon registration on this forum only makes this forum accessible for only UtopiaP2P enthusiasts and supporters. Therefore scammers won't like the idea of moving mountains to join this forum.
Apart from the idea introduced by the UtopiaP2P development to stop spammers and scammers from having access to this forum, we ourselves can also escape them if will practice being cautious of unsolicited offers or earnings.
We should exercise caution if someone messages us out of the blue and asks us to invest in their cryptocurrency project or take part in a trading competition. Before investing any money, it is critical to confirm their identification and conduct your own research.
Vastextension;11799 wrote:JONSNOWING;11780 wrote:I agree that forums like this are what scammers targets to get newbies and users. Because they put in efforts to appear real only knowledge of Cryptocurrency platfolms and how to handle it , can preven it and their schemes
I dont see any reason that forum like this will be the venue for scammers to target newbies or supporters of the UtopiaP2P project due to limited traffic.
Aside from that, the activation fee introduced by the UtopiaP2P development for this forum will be a drawback for scammers on this forum.
Yes, the activation fee upon registration on this forum only makes this forum accessible for only UtopiaP2P enthusiasts and supporters. Therefore scammers won't like the idea of moving mountains to join this forum.
I agree that forums like this are what scammers targets to get newbies and users. Because they put in efforts to appear real only knowledge of Cryptocurrency platfolms and how to handle it , can preven it and their schemes
I dont see any reason that forum like this will be the venue for scammers to target newbies or supporters of the UtopiaP2P project due to limited traffic.
Vastextension;11693 wrote:oba;11692 wrote:Yes, and he was right but the government is naive to wake up to the fact that their mode of operation in printing fiat currency is hurting the economy.
If I am right all of this is what Satoshi Nakamoto fully understand before now when he creates the first cryptocurrency and introduce blockchain to the world.
According to knowledge about Satoshi Nakamoto's creation of the first Bitcoin because of the centralization, creation of opportunity for people in an equal way, and better control of inflation.
This explains the reason why some people consider Satoshi Nakamoto brilliant for creating the first cryptocurrency. Glad he or they introduced cryptocurrency to us.
Vastextension;11691 wrote:oba;11690 wrote:Absolutely, and when things get out of hand the inflation will be out of control. If you check people like Robert Kiyosaki who's using the strategy, he will advise not to keep fiat currency
Robert Kiyosaki is a well-experienced man investment and always be honest. I guess this is why he advises people to invest in cryptocurrency and that fiat currency is a scam.
Yes, and he was right but the government is naive to wake up to the fact that their mode of operation in printing fiat currency is hurting the economy.
If I am right all of this is what Satoshi Nakamoto fully understand before now when he creates the first cryptocurrency and introduce blockchain to the world.
Vastextension;11689 wrote:oba;11688 wrote:Let's be honest with ourselves inflation will never stop. The government like the idea of printing more fiat currency and through the Billionaires and Millionaires loan they must achieve it. Therefore, they introduce the tax-free concept that Billionaires and Millionaires will love to request of loans.
This is a kind of you help and I help your situation. Through the government loan agreement, there's no reason the billionaires and millionaires won't get richer if they management their investments properly.
Absolutely, and when things get out of hand the inflation will be out of control. If you check people like Robert Kiyosaki who's using the strategy, he will advise not to keep fiat currency
Robert Kiyosaki is a well-experienced man investment and always be honest. I guess this is why he advises people to invest in cryptocurrency and that fiat currency is a scam.
Vastextension;11687 wrote:oba;11686 wrote:Billionaires and millionaires invested their funds into real estate, blackrock, gold, cryptocurrency, and other valuable assets. Get a loan from the banks which is tax-free and invested in their business while also using it for other financials.
I guess this I why there's a lot of debate on increasing the tax rate of billionaires and millionaires.
You said the loan funds the get is tax-free. How can it be like that?Let's be honest with ourselves inflation will never stop. The government like the idea of printing more fiat currency and through the Billionaires and Millionaires loan they must achieve it. Therefore, they introduce the tax-free concept that Billionaires and Millionaires will love to request of loans.
This is a kind of you help and I help your situation. Through the government loan agreement, there's no reason the billionaires and millionaires won't get richer if they management their investments properly.
Vastextension;11685 wrote:oba;11683 wrote:The idea of not borrowing money to invest only cage people to the old strategy of investment and things are changing. Most billionaires and millionaires are living in debt as investments.
This is understandable that change is always constant but I still don't get what you're trying to pull and why billionaires and millionaires will live on debt.
Billionaires and millionaires invested their funds into real estate, blackrock, gold, cryptocurrency, and other valuable assets. Get a loan from the banks which is tax-free and invested in their business while also using it for other financials.
I guess this I why there's a lot of debate on increasing the tax rate of billionaires and millionaires.
You said the loan funds the get is tax-free. How can it be like that?
Vastextension;11682 wrote:oba;11681 wrote:From my own understanding, the idea of not borrowing money to invest in a lame idea and I never buy it because the best concept is to never go for what you cant afford.
Let's say I agree with what you said which I technically don't agree with you but still curious about the reason behind your statement and i will be happy if you can share.
The idea of not borrowing money to invest only cage people to the old strategy of investment and things are changing. Most billionaires and millionaires are living in debt as investments.
This is understandable that change is always constant but I still don't get what you're trying to pull and why billionaires and millionaires will live on debt.