^ Yup. But dunno... I’ve always seen Hamilton as this guy waiting to come home to McLaren. He is to McLaren as Messi is to Barca or Ronaldo is to United. I hope to see him return before he retires.
Don't forget the money part as these guys will always put that as their top priority. Long are gone the days of those sportsmen who felt some love and passion for their team. You also picked two wrong examples IMO, as Messi is trying hard to leave Barça while Ronaldo will never go back to United ever again. |
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Sorry efialtis but I can't keep up with all the signups we need here to leverage all these amazing promos of yours!
By the way, I see only a few reviews miss the KYC info right now: are you still working on them too?
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There've been far too many endorsements for bitcoin recently and the guys in power probably realized that it was enough. Yellen, Lagarde & co. could have made these statements earlier on but they waited. If you ask me, this is the repetitive pattern about bitcoin is bad we've seen up to now.
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Are there so much hash rate in North America? I don't know. However, that 8% you're telling is already more than I expected. keep in mind, that's just the DCMNA's claim. it's not publicly verifiable at all. they have an interest in creating the perception that they are a force to be reckoned with, especially considering the general expectation of future consolidation in the mining industry, and also the expectation of growth in north america. That's all the hash rate they will have when bitmain finishes delivering all the gear and it is a confirmed order from bitmain side also: https://blog.bitmain.com/en/marathon-patent-group-purchases-additional-70000-19-series-miners-from-bitmain/They right now have about 33k, which's a bit lower than 3% of the global hashrate, with the additional gear assuming no hash rate increase they will indeed manage to get close to some 8%, enough to mine a block every two hours, although not quite enough to cause a real disturbance (on today's numbers) things could go ugly pretty soon if we hit another transaction spike. Would be interesting to research whether and if these companies have had any form of a public grant or something to pay for that huge contract they signed with bitmain; that would tell a lot of the game they are playing. |
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This thread is an important one as the majority of newcomers don't know that nodes make a difference here. I believe mycelium is a secure wallet for storing/handling keys but like many other wallets out there it relies on mycelium nodes. If there's any problem or issue to these nodes, people can't reliably send and broadcast txs, check their balance etc. How I wish everyone on the network would have their own node.  |
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Those words are truly timeless and we desperately need to re-think our lives in those terms.
We've been lobotomized in recent years, I can't believe the state in which we are now.
I see Bitcoin as our last tool to save some sovereignty and freedom in the future, I see no other hopes. buwaytress you are right, I'm sure many of us are eagerly waiting for those developments to arrive.
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Over the course of 6 years, I have probably put something like 10% of my old fiat currency savings into bitcoin and that has probably been the best and soundest choice I could have made with my hard-earned money.
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Seems the Yellen announcement has some people spooked.
What I don't understand is why Yellen and others are seeing "cryptocurrency" as a "growing concern for terrorist financial movements". The event that sparked this was a group of right extremists that received "donations" in the form of BTC a month prior to the DC shenanigans a couple weeks ago. Let's think about this... we are able to see the transaction, when it happened, identify who received it down to individual names, and determine the amounts. All of this solely because it was in the form of BTC and can be seen on the block chain. If this transaction happened via cash, no one would know any of these details. It never would of been brought to light. To me, this is like complaining about the check engine light coming on in the car instead of fixing the damn car. If it wasn't for that light you wouldn't know there was a problem in the first place. When will these people start using the tools instead of blaming them? They are still afraid of those tools, they will never get to complete the first they hate you cycle. They can't do that with bitcoin. |
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This makes me think of this kind of thing - countries that don't seem to trust their citizens and have rulers who want to control, not let people be free, even more so with the incoming US administration. Talk about bad company for the USA! Censorship is bad for everyone, including their business. https://help.sideshift.ai/en/articles/2874595-why-am-i-blocked-from-using-sideshift-aiYou are accessing SideShift.ai from a blocked country:
North Korea (DPRK)
United States of America
Iran, Islamic Republic of
Belarus
Cuba
Eritrea
Syria
Residents of these countries may not use SideShift.ai. You allowed me to think that this story can be easily linked to what's happening to democracy: if even the President of the United States can be silenced by big tech, we the poor people, truly need to fight hard for something like bitcoin to never have to suffer any of these forms of censorship. We need more nodes, more miners, more people aware of what is unfolding in front of us. |
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Shall we get into politics every time? L-BTC is a form of bitcoin IOU, yes. Like WBTC and RBTC and whatever else. These tokenized bitcoins, have a few use cases now. As they don't affect the real deal badly, I wouldn't bother if a company or a protocol leverage these tools to allow users to get more from corn. my 2 sats
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In fact, it's really interesting. I've always been into cryptic things and I believe one of the reasons that intrigued me the most was the fact that satoshi himself intentionally wrote what he wrote in the Genesis block. Hey, even Genesis comes from the bible. |
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And this is it, the final results of the poll say that the majority don't have a single coin (66%). I am going to lock the thread and avoid further discussion on a topic that will come up again and again here. Thanks, wishing you all the best throughout your journey.
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The economy is yet to face the real consequences of this health crisis: as of now, most European countries are supporting companies, entrepreneurs, workers and professionals who got affected by closures and lockdowns. I don't want to be Madame Lagarde when those aids are over as hyperinflation will dissolve the Eurozone.
She's really going to have a tough time. Do you think this could be karma for perjury against bitcoin?  She's doing what her role supposes her to do. When such people reach these important roles they tend to follow a clear agenda. Maybe she thinks bitcoin is a remarkable financial instrument but, obviously, she could never say that in front of the public. Don't worry, karma always works as intended. |
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It's so funny to read some of the comments here.
Dear people, there are no shortcuts in life and if you value something you should put all your best effort and work into it.
You guys don't understand that those who benefited most from bitcoin are the ones who spent countless hours researching it.
Feel free to leave bitcoin then, honey badger doesn't care
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OK, fair point. But what happened with 'legit' transactions mined in the blocks that followed immediately after block #74,638?
https://bitcointalk.org/index.php?topic=823.msg9623#msg9623If you and I made a trade of some sorts and I sent you 1 BTC as payment in block 74,639, after the bug was patched wasn't this money returned to the original address. I now have the goods you sent + the 1 BTC I paid you.
In any case when going into a ~one year old currency that is first of its kind and running the 3 rd beta version of a software, one should expect some risks. This is why I always tell people who complain about "early adopters" that they took a much bigger risk than them and their reward is proportional to that risk. I agree, there was nothing like bitcoin back then and everyone knew this was an early experiment. The most important thing to have in mind when comparing the two incidents is that the overflow bug went against the bitcoin protocol and specifications; the ethereum fiasco was a way to put a patch up a mess! |
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(...)
But insurance will never cover the value of all the assets. Custody with insurance is a scam
Not saying you're wrong or right. Just wondering why you state this as a fact. Amount of coverage
100 million USD
For digital assets with option to purchase additional excess insurance up to $500 million to supplement BitGo’s $100 million policy. At the time of writing, $ 100M is roughly 2879 BTC and considering this covers ALL the assets held by BitGo for its clients I don't even want to know what % of the total that covers. I don't think it can be paralleled to the money covered up to a certain point in bank accounts (i.e. €100k in Europe, $ 250k in the US etc.) To me, it's a scam because it bring clients into believing all their funds are secured. That's not the case. |
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1 million dollars would be already a great achievement which could be actually reasonable if the world's billionaires will start pouring their 1-5% into btc as a long-term investment. Remember this is not only about scarcity: bitcoin is about wealth transferability, censorship resistance, security and so on. All things that wealthy guys like a lot.
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Passive income can come in many forms like renting some real estate, saving accounts, dividends and the list goes on. Even in the crypto world if you would like to take some risk you can get some interest on your crypto holdings on both CeFi (Nexo, BlockFi...) and DeFi (Compound, AAVE...) platforms.
There are definitely some ways to earn while you sleep.
Taking risks to make money is not passive income. That was my point. You rent your real estate, that's not passive income. That's just another business which you'll have to keep your eyes on because the tenants always carry some risks. Managing your risks = business. That's not passive income. Now you should realize everything you do to make money has its own risks that means it is not passive. Risk is always involved! Unless you want to patronize me like Robert Kiyosaki would do about the difference between assets/liabilities... https://www.richdad.com/what-are-assets-and-liabilitiesWhatever form of passive income you may think of, will always imply risks! Even when you cross the road, you may accidentally die. Simple question: Let's say you own 50 different real estate which you collect rent from. Would you consider this passive income or a separate business? I think that's a business. It would be passive income maybe if someone else was dealing with the tenants though but then you need to deal with him.  If there's no material involvement from your side, i.e. you simply collect a percentage of earning from the tenants then yes that is passive income. Let's not play the specifications game here, I only wanted to stress the fact that even with passive income there is risk involved, you can't simply rule that out. |
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