About inflation in Turkey, Venezuela or Argentina, wouldn't the solution be as simple as swapping the money for a less volatile fiat as soon as they get paid (or even before, during the process?).
That's the problem, capital control, and fake exchange rates! If companies could easily exchange pesos to USD we wouldn't have a black market rate and a government rate anywhere, but since we have restrictions on this the rates are all over the place and they are not able to get pesos or liras, they have to either keep it in the local currency which devalues by the day or use government rates when permitted and lose 50-60%. https://bluedollar.net/tourist-dollar-rate/This might be sad news for many people, who were making money by buying game keys from Turkish and Argentine Steam accounts and reselling them on platforms like G2A and G2G.
With the number of bans being handed lately for those resold keys, it's the people who end up with accounts locked that are to be pitied, not guys who can move thousands of dollars in and out of a ravaged country with hundreds of bank accounts! |
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~
I don't understand what's the point, do we want privacy, anonymity and decentralization? Well, Binance is not a great choice but isn't it good if they let everyone to use their service and make it as accessible as possible without implementing further restrictions and blocking someone due to someone's forced regulations? It's about double standards and whataboutism! If you think Binance not disclosing its activities and the activities of its users is great for privacy then you have absolutely no problem with banks and their off-shore accounts also you're against things like "Panama papers" where such things are disclosed, right? Cause...privacy! People see this the wrong way, Binance is free to serve NK, Iran wherever they want, the simple thing is that once they do they have to assume they won't be doing business in other countries, from an exchange that fled China then Singapore then Japan then Malta while bragging about non-existent licenses it's a pretty rich stance. If we want to move from CEX to DEX, I want to underline that DEX doesn't know terrorists and anti-terrorists, it's equal for everyone without sticking a label.
DEXs don't buy 1000 sqm penthouses in Dubai from those trades! |
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Not sure I understand the logic here, but I would appreciate a little bit more explanation, "Explain Like I'm Five" would do. :
Bitmain knowing their new line of models is a failure, not that it didn't happen earlier, they realize that if they don't sell this subpar gear in a short time everyone will know what failure rates they are to expect so they cut prices to the limit of profitability scaring small resellers into dumping their also at cheaper prices. There have been a lot of manufacturers who cut prices out of the blue on several smartphones, hard drives and even cars just for customers to realize afterwards that the product was a flop. The devil is in the detail, how much did they spend to get the 2.85 cents/kWh? anyone can achieve that if the initial investment is to be ignored if your power rate is 10 cents / kWh you sell your power back at 5 cents, and you have 6 hours of sunlight, all you have to do is generate 7 times what you consume and you will get "free power".
I think the name is misleading, just as that "carbon free", CleanSparks has nothing to do with solar other than showing solar panels on their brochures, their two data center expansions in Georgia are fully nuclear powered, that's the rate they manage since Georgia at least on paper is a net exporter of electricity! So it wasn't as much as putting money in building stuff as maybe throwing some money at bribing. Not the only ones: First behind-the-meter bitcoin mining facility powered by 100% nuclear power at scale in the U.S.
TeraWulf benefits from a fixed power cost at Nautilus of only $0.02 per kilowatt hour for five years. |
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Congratulations to NeuroticFish!  And we avoided the plague of the flying pigs again!  However, in the "downtrend" scenario you still won't get the max discount, because gear prices are affected by both profitability (a combination of difficulty and BTC price) and time, many sellers will still hold on to their gears thinking the profitability will rebound, so a 50% drop won't scare them, but you know what will? 6-12 months of sideway market, it's when everybody capitulates and you get the best prices ever.
One more semi-possible variable in the mix. Bitmain or the others throwing some new gear into the market or realizing they need to empty stock really fast! If they would do a 30% discount now on the brand new 20j/t gear I think a lot of guys holding first generation s19 will see only numbers all day long including in their sleep. But doubt bitmain would suddenly feel generous enough to sell gear without a 100% added value tax! Unrelated but a bit of insight in one of the big players' business (pr article but still) CleanSpark Reaches Rare Bitcoin Mining Milestone at 10 EH/s . CleanSpark's fleet-wide efficiency is estimated at 27.8 joules per terahash (J/TH). CleanSpark recently purchased 4.4 EH/s of Antminer S21 bitcoin mining machines, which are scheduled to be delivered in early 2024. Once plugged in, the Company expects to reach a total hashrate of more than 20 EH/s. already fully funded by investors, and from their SEC filling: We have publicly disclosed our current energy mix of 95% carbon-free power, at a fixed price of $0.0285 kWh. So, how to compete with these guys? As for the new diff at this point, not even going to comment: Current Pace: 108.6942% (92 / 84.64 expected, 7.36 ahead) common...right? |
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So here we are, round 2! [banned mixer] Mixer Review Program #2
Bitcointalk username: Stompix
Since I was part of the first round I would insist less on the first impression in design and accessibility, not because I feel lazy but because I feel like those things have been already touched and discussed enough and that there is no humongous change that can be done or something of great impact with a real effect on the number of users or user retention, so no point beating a dead horse and will concentrate my efforts on the two aspects I think are the most important: - Mixing
- EconomicsBefore we go full steam to those two there is a thing worth mentioning - In the first review I was impressed with the speed despite cycling through VPNs, I even mentioned that it was quite an incredible experience after a DDOS attack, well, when I did my test on Saturday it felt sluggish like every action needed a few seconds to really kick in, probably a security measure in place but this was my impression, quit the delay when you mistype the captcha also, and damn all the 2 look like 9 in the one I got! So straight to MixingSince this is also a test and not just a review of look how cool your website is give me money for applauding, and moreover since there were previous issues with the links between mixed transactions I decided to act like the average Joe would when mixing a few coins and see the outcome when doing something not that smart. I used a few mbits in my personal address that has a history of getting coins from anywhere and decided to split directly from it for two mixing processes: *Note that I erased the addresses by habit, nothing really worth censoring there but I said since it's mixing afterall..You will see why I'm combining the result of the mixing for a single conclusion further on! Number one: Chrome, over clearnet, premium!Funding from the personal address used the discount coupon I received in the first review, chose to split over two receiving addresses with really close receiving times, 25.09% to bc* after 103 min., 74.91% to bc* after 209 min,  Number two : Firefox, clearnet , standard!Funding from the same personal address used the discount coupon again chose to split over two receiving addresses 25.16% to bc* 65 min., 74.84% to bc1* after 152 min.  Need to mention that I did the mixing at almost the same time, choosing the delays to fit quite close to see what kind of risks would the average Joe expose himself while doing this! And this is the point where, to be honest, I was impressed! But let's leave the congratulations for a bit later and focus on some issues, the fee tracking is still possible, all for funding tx had 24 and 24.1 sat/b and I think there is something you need to tune on the estimator. Out of 4 one got really close to being optimal, with the lowest fee in the block being 17, the other three overpaid the minim tx by 3x or 4x. But since you're probably emphasizing delivering right on time you have taken this overpayment into account, nevertheless, I would advise on randomization for this, make it like at least 24.7 and 24.1 or 23.9 and 25.2 Now for the results and the congratulations:  *Note that the graph was looking like this somewhere Sunday afternoon, it has grown a lot and I can't really track if there are converging points!A complete improvement on the previous mixing, I had to go a few steps back to find a link between a branch The funding to the addresses that sent me the coins happened on the : - 26 October and 18 October
- 20 October and 25 October
Of course, I'm definitely reading what others have done previously and I did check their results, now I don't know if I was just lucky because the amounts I was mixing happened to trigger a different path, there was a change in the algo, other persons where mixing at the same time but I would rate this as pretty good for the average stupid bot that follows transactions up the chain no more than 5 steps. I can find related tracks with a few more steps but, the thing is that I know the ending points for it! Some sort of rant! I would not rate the outcome of the premium mixing over the standard and going through the funding chains I would, to be honest rate the standard one as coming from a far more complicated tumbler tree, I don't know if this is because of demand or source of funds but this is the first impression! Recomdantion: Do not allow users to select intervals with less than one hour between them, make the system idiot-proof as there at some point there will be guys who will just slide that as close as possible and with a lot of luck in a mining block and a delay of 30-50 minutes to the next one all of them will be bunched in the same block, not really the outcome you want from mixing! Related low-importance mentions: I am no fan of AML bots, I completely distrust the score, I even had some issues on this forum when some idiot believed what that bot tagged and decided himslef to tag funds as suspicious when in reality the funds were coming from crypto(dot)com so I will not put that much trust in their score, which, was all over the place! No joke, seriously all over the place so the results are just something to be ignored. The privacy score on blockchair, which I did want to mention, as a further joke, my own address has a privacy score of 2 but the ones being funded from it have an over 60 score, so I would advise anyone not to even look at that thing, it is even more flawed than AML bots which is a feat to be noted! Economics!I must say from the start this is the user in me talking although I will try as much as possible to view this from a business side, as I know how hard it is to run one and how costs that rain on you out of the blue give you sleepless nights. I am against mixing small amounts, I think it's really bad, you end up with small inputs all over that you will make the mistake of consolidating, and you waste money for nothing. Having by chance the opportunity to test the mixing with leftovers just reinforced my opinion, I usually don't pay attention to numbers that far over zero but in this case, I sent 0.00564 to get 0.004, and this with a discount code, two mixing in 4 outputs from $193 to $138! Honest recommendation, increase the minimum mixing, this sum it's not worth for money you make as I analyzed on that tree how much you spend on fees alone and it is a bit of a waste. The 0.0002 for each address is another nail in the coffin for a small amount, to which again, I see no purpose to be honest other than testing! Maybe leave this for a while as you gain reputation since no one with a sane mind would bump 5 BTC to a brand new mixing in a single batch but in the long run dump it and raise it at least to 0.005 for each mixing! If somehow BTC goes up to 100k maybe drop it but allowing mixing for $30 is ... The other part is the fee for each address! Of course, every user would think about his own money first, but I think there might be some way around it! Make the charge for 1-3/5 addresses, don't charge for extra addresses over 10, more outputs help the mixing, it gives you an opportunity to use smaller inputs, it will please privacy freaks and will not really affect the average Joe who by default will only use max 2 -3. The coupon!This is a sensitive and personal issue as others have mentioned. I am grateful for the 50% discount received, I do understand what hit you're looking at since we talk about 2.5% for a premium, for one BTC at current rates its nearly one grand but I am a bit uncertain of really using it. It's a matter of trust and this is an opinion, if I am going to cycle sums worth mentioning from a casino through one or two mixers till it hits my cold storage, I would probably take the 2.5% hit myself or just go for the standard cheaper option and not put a tracking thing on it. Don't take me wrong on this but it's a thing of trust, we all trusted CM, I was in a sig campaign for them for what, 5 years, I don't even remember, I trusted them with my coins, and then when s*** hit the fan, to find out that 7 terabytes of data have been seized. Where it just nodes? Where it actual logs? Was it porn? Nobody knows but we're circling to the first issue, trust, and trust after all these experiences it's a bit hard to gain, especially in this type of business! |
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Well, it is not surprising because of the disastrous monetary policy in Argentina and Turkey that has led to very high inflation rates. As far as it is possible, the dollar is a less bad option and this has happened in several other countries, which ended up dollarized, which is what candidate Milei wants to do in Argentina.
But but but... de-dollarization!!!! Love how every politician (of course not Milei) can't stop talking about nationalism, about how to user their own currencies for everything but when it comes to companies and people they won't touch it with a 20-kilometer pole. What Steam did is pretty understandable, why deal with shitcoins? Furthermore, it's not just about the currency itself but about gamers cheating the system with the exchange rate, just as people buy Youtube premium accounts with Turkish virtual cards because it costs only 1.25$ same with Argentinian cards! I would have not expected Steam to stop supporting the Argentina Peso, to be honest.
Argentina is obviously one of the most important markets in Latinmerica for steam, obviously, people from that country will try to find new methods to continue to buy there through the use of USA dollars, like we do here in Venezuela, our currency is not supported either.
It was Argentinians who dropped the pesos before Steam: https://www.bloomberg.com/news/articles/2023-08-23/inflation-at-100-has-argentines-demanding-pay-in-us-dollarsIf paywall: https://archive.ph/WsBSfIn industries such as technology and finance, skilled workers are demanding salaries be paid in dollars. Companies, including MercadoLibre, Argentina’s largest tech company, increasingly are acquiescing. Most landlords in Buenos Aires now only accept payments in dollars. Ditto for Airbnb rentals. And the list goes on and on: musical instruments, divorce lawyers, imported leather — you want it, you cough up the greenbacks. But some fools still believe in de-dollarization! |
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I have a basic, only very basic, concept of the need to run a node. This includes the need to make the entire Bitcoin system resilient and prevent a 51% attack. That attack would be rather difficult to do right now, but if the node count drops, might become a problem.
The 51% attack refers to hashrate! You can have 100 000 nodes and the attacker only one, if he has more rate than the rest of the network he can attack it. What multiple nodes can prevent is a sybil attack. But there are no direct advantages. No minor amount of Satoshis seem gained, meaning no financial gain. The disadvantage is the cost of the computer and storage space, and the cost of electricity and cost to cool my house.
There are no direct financial advantages! A slight difference to no advantage at all, which weirdly enough are listed on that article you linked. Also, cooling your house from running a node? Common! |
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I don't see how separating business funds and customers assets will happen or how it will be implemented because this means that there are third-party services or applications that take customers’ money and leave the fees to the platform, or will the platform pay an amount as a guarantee because the platform’s failure to use customers’ funds makes their resources scarce, as some of them work like a bank, investing customers’ money in low-risk investments, .
This is the thing, they will be banned from! Japan has already been doing this for years and this is a reason why FTX Japan users still have their money! There is a bit of nuance here - you deposit your money in a bank but you expect interest, how would that work if the bank is not allowed to touch your money - you deposit coins on an exchange knowing that you can withdraw them at any time but you don't demand interest and they get fees from you - you deposit coins for 100% APY then you know those coins are going to be lend What those laws require is that unless the user specifically allows you to play with his money you must keep every deposit safe and untouched. Rather than a bank, think of it like your stock broker, imagine you call him to liquidate some AAPL shares and he tells you everything is in SBNY (signature bank). we all know that as per CZ they are SAFU.
Yeah right! |
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He have some picture apps on his phone for meme creations and picture filtering apps, one of this apps have access to his library, including all his photos, and I believe the app scooped the image screenshot, maybe the developer of the app happen to stumble on the picture and decide to steal the fund.
Let's see - a developer going through millions of pictures of the users of his app, and all this data traffic is not getting picked by anyone - your friend by mistake when selecting pictures posting the pic with the seed also on some website - your friend by mistake sending that picture to somebody instead of other picture I would place my bets like 49.9% on each of the last two and 0.2% on the first one! How it's possible in the first place? few months ago I tried to take a screenshot of my wallet's back up, but I can't and received a warning message. Although there are a lot wallets out there and not every wallet have a same security.
It depends on what wallet you use, I can't take a screenshot of my PIN cards or CVV number when displayed in the bank app but I can easily take a screenshot while generating a seed in Electrum. |
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With what I'm seeing is like my eyes are getting cold every second, I thought it wasn't possible to buy merit but you have to earn it by your hard work.
~ Buying of account is common per say but this merit buying is something I still can't believe is happening and is like nobody cares about that move instead the account buying is more looked into than the merit buying. What would be so strange about buying merit? It's not that looked into because it's harder to track unless you do something stupid like in this example, but that's also the reason why it's being done! When you buy an aged account you have to deal with its history, you have to adapt your writing style, not forget that your account was speaking German or French at some point, and always with the fear that it might get connected to others the account farmer has grown. Merit buying poses no such risks, with the number of shitposts that earn merit here with stupid topics or just copy-pasting meme and tweets nobody is crazy to investigate it. I'm pretty sure there are a dozen merit sellers most of them in local forums where it's even harder to look into. This matter is not like simple on the ninjastic you will see Ajpa94 has post total of 279 including deleted post but this account make must of the post in 2023 but this account reached 500+ merit before 2023. then how this is a simple matter and how you understand he only bought 50 merits? it seems he bought all of his merits. Would you say ninjastic's information is wrong? https://ninjastic.space/user/Ajpa94Use Bpip https://bpip.org/Profile?p=Ajpa94 |
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But do you see that happening soon? I think it could be at least 3 cycles away.
Of course not! It's going to be a long way and as you can see from actual usage we're just at the beginning of things! But a decade sounds ok, I expect the second halving after this one to be a fiasco that will probably turn people from speculation to actual usage. As things stand with most regulations today, every time you spend bitcoin you are triggering a potential taxable event. If at that moment the price is higher than when you bought it, you will have to pay capital gains tax or the one that corresponds to your legislation.
I don't see that as a problem even with current technology, no matter what you do the moment you exchange them from coins to fiat you have to pay taxes, for your pen and paper average Joe it will be a complete nightmare to deal with 100 random purchases compared to one exchange and a bank transaction but here is where tech comes in. We already have software that gets your complete tax statement from all the trades you did no matter how many on exchanges, a few adjustments where you insert your wallet addresses and based on your tx it calculates everything you own is pretty simple, and unlike normal tax statement you don't have to deal with storing receipts, they are all in the chain! Of course, there is the actual problem, people not wanting to pay that at all, which is a far bigger hurdle! We're still struggle in scalability issue, rather than expecting people will use Bitcoin as daily transaction, we need to think what's the solution when the fee reach 100 sat/vbyte lol.
Fess won't reach continuous 100sat/b unless mass adoption, mass adoption won't happen with 100sat/b! |
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Second, Merchants also realized that bitcoin also serves as a big cow, the business will milk profits from bitcoin price increase, for a long period. As of the time of the survey total number of bitcoin users slayed at 220 million around the globe. With young people, the majority. Today it has doubled to 420 million, according to a google search. With young people, retaining the majority.
Users? If they are going to say, people that own crypto, maybe! Users as in using, no! Bitcoin manages 400 000 transactions a day, that would be 12 million a month, add 6.599.553 let's say double the numbers with altcoins and you have the 400 million users doing ...one tx every 10 months! That's almost saying as there are 2 billion Christmas tree users! But let's not trust numbers and go over a topic in this forum that should be full of "users" !? What is the most weird thing you bought with crypto?Nah, I'd say keep that crypto and let it grow.
I haven't spend cryptocurrency to purchase something because I feel their is no need to spend cryptocurrency
Almost similar case with you, I don’t fancy buying stuffs with bitcoin
I never even think too much about what to purchase with crypto,
Honestly, I view bitcoin as an investment, a potential future asset, so I have never and do not want to use bitcoin to buy anything. And the rest are VPNs and gift cards! Merchants left behind, unfortunately, and painfully it's the users that get left behind, as merchants offer the payment gateway, suddenly everyone that demanded that is thinking wow good news BTC it's going to go up in price by another 25% it would be stupid to spend and the merchants seeing no customers disable the payment option! What deloitte failed to take into account was greed, they were still in their scenario treating it like a currency when it's like 90% investment now. I don't think bitcoin will ever become big in day-to-day small payments, for the simple fact that it is very valuable and will become increasingly so.
It will the moment you can't imagine it going another 100% up in a year. It's much like currencies in countries like Zimbabwe or Argentina, once you get the payment you immediately rush to either exchange it or buy stuff as you know the value of the usd/your shitty currency is going to go up, once there is no such thing and the gains are in the 1-2% people will stop doing it. Now everyone is focused on the bullrun so merchant adoption is a dream! |
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but what does it mean -->/S From what I have learned, it means, you are talking in a non-serious mode.
/s > sarcasm https://linguaholic.com/linguablog/the-meaning-of-slash-s/I forget sometimes this is an international forum, my bad! You are right, even my 80%+ funds are on centralized exchange, but that's on purpose. I cannot buy Cold wallets in my country as crypto is banned but arrangements can be made but I don't want to take the risk. Waiting for it to be unbanned again and then I might consider buying one.
You don't need a hardware cold wallet for that! You either go with the cheap solution of pen and paper or you put a bit more effort into it and follow this https://bitcointalk.org/index.php?topic=5389446.0And to be honest, after the last leak of ledger customer's database with full home addresses I would also not be that thrilled to buy something from an online shop. |
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If we look here, El Salvador has a relatively small inflation rate, namely 3.02 percent. We know that the country is starting to stockpile Bitcoin and mine Bitcoin at the same time.
Maybe at this time we cannot conclude that Bitcoin plays a role in suppressing inflation in this country. It takes several years of data and country consistency in adopting Bitcoin. Absolutely nothing to do with Bitcoin! This is Salvador  This is neighboring Guatemala  This is far better faring Panama  Now, why don't you do other countries that were supposed to have high adoption rates and see if there is any correlation? Like you know, Turkey for example, with about 45% of its population owning crypto? I wish people would start to understand that what's good for your personal finances is not immediately good at a country level maybe actually worse! Example: a) You exchange 10 000 Turkish lira to Bitcoin, you get your coins, and nothing extraordinary happens b) 100 million people exchange 10,000 Turkish lira to Bitcoin, and suddenly there is a sell order of $33 billion worth of turkish lira on the market that nobody wants, what do you think that will do to the value of the currency? Drop it like a stone, making the previous buys impossible and turning the lira into dust! Weimar Republic? Sounds a bell? |
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Maybe you have free time so you have time to write something like this. I think benCodie is entitled to whatever his stance and beliefs are.
Everyone is free to have his own beliefs and his own stance on something! When you try to push your beliefs on somebody else then you must be prepared for the other one to do the same to you! This is how it works if you want to truly believe in a democratic way and freedom of speech. The moment you believe somehow that your point of view must be respected at all costs and not contradicted by anyone but you refuse to accept somebody else opinion then you're a piece...of something! As for this topic, it's pretty simple, distancing yourself completely from what you promote is impossible! A clear as possible example for anyone who is against gambling: Do you consider gambling should be banned from TV and street advertising? - if yes what happened to the whole thing of do your own research it's not influencing anyone - if no, then you admit advertising gambling poses no harm, so why is the guilty conscience present in the first place? Everyone has to deal with the consequences of his actions, I did wear a CM campaign, does that make me some hacker or Lazarus group member? No! I did wear a WW campaign, I will never forgive myself for not seeing the red flags! But saying something like I'm just wearing this sig I'm not influencing anyone is just BS! Why the hell are you then getting paid if your sig makes no difference? |
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There is also no comparison between Bitcoin and Tesla, as they are both in different fields and target a different type of customer, and Bitcoin is not a stock to be compared to one of the stocks.
Why no? Some experts argue that bitcoin behaves like a technology company, and in some ways it is, given that it is technology and it's market behavior. So, what do you compare? The stock value? Let's make it easier and change Tesla with Paypal since they are both finance! We compare the stock price or the amount of user funds Pyapal has in their custody! Or we can go for Apple, it has 2.8 trillion but it has $ 400 billion in assets, how much has Bitcoin in assets? Zero as it doesn't own property just as gold! Tesla has 90 billion in assets, what is the equivalent for Bitcoin here? Nobody should compare a company with a decentralized currency, it makes no sense! And if we go even deeper into those, let's assume both of them go down by 50%! The effect on your Bticoin stash would be obvious, but the effect on your Tesla car? Zero! Same when it goes up, you are raking profits with BTC, but your car has the same range no matter if the shares go up 1000% times! |
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Im on with notourious powerpump team yesterday they pumped yfi i made nice profit with them.
Date Open* High Low Close**
Oct 27, 2023 $5,793.14 $5,795.19 $5,577.73
Oct 26, 2023 $5,802.79 $5,962.69 $5,640.35
Oct 25, 2023 $5,751.24 $5,909.23 $5,640.24
Oct 24, 2023 $5,884.86 $6,015.79 $5,686.02
Oct 23, 2023 $5,433.28 $6,008.59 $5,373.68 And when you woke up.... Im on power pump team on Facebook and Telegram long time they never let down.
Im on LTC today aswell and i hope to see 100$ price soon because fomo is huge now for LTC
I've told you a hundred times, no matter how many accounts you have here, if you use the same stupid shit as the subject, the same bad grammar, the same mistakes it simply makes no sense to create that many, they stand out worse than a glacier in death valley! How more obvious that can be? UK Bond Market Has problem.
UK cant print money If they do it Will be Zero value.
They cant just not print money and letting the economy fall ITS a bad For USA and the elite bankers If people around the world see that UK the BIG one Has fallen it Will couse panic all around the world and people in Western countries Will start asking Will they Gona be next ones ?
There is not many options what the UK can do now one thing they Will try to give out Loans but nobody dont want from them this is Also occupied by the USA so USA is the Loan and money printing cartel.
For UK IS only solution to borrow from USA china or russia
Eu cant give out Loans becouse eu Has same problem that UK Has Bond Market Crisis.
The power of the world remains USA russia and china eu and UK Are out of the power For now.
The economic fight is over power in the world.
Eu and china want to move over Green energy.
The russia and USA power Will be dominant if old oil is king Same goes for AE arab countries.
Eu and china are much more advanched in green energy then russia or USA.
If russia wins then world Green energy not gona develope so easy.
But EU ally is china they both are good with Green energy.
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It's why 1 BTC = 1 BTC, not 1 BTC = $34,000 or anything else.
If 1 BTC = 1 BTC, then I assume you're not hoping for anything from an ETF or the halving as even with those 1 BTC =1 BTC! Actually, if you don't care about the value at all, what are your expectations from BTC ? Let's drop the act, 1 BTC=1 BTC only when we're in a bear market, when it's bull season is only $$$$$$$$ from dawn till dusk and all night long! Assuming Bitcoin drops to 1000$, but since the price in $ is irrelevant, you will still think 0.03 BTC a month is good for a wage, right? The actual value of bitcoin lies on the demand and supply, just like gold and every other real asset whereas fiat doesn't hold any value but just a promise from your central banks that this paper holds the promised value.
Oh wait, so the value of Bitcoin is backed by demand and supply, which means that is backed just as fiat! When a fiat currency goes down is because the supply outweighs the demand by printing, like Zimbabwe or Venezuela! The dollar is still powerful because there is demand for it, so is Bitcoin, see what you did here, you made them stand on equal footing! Bitcoin and dollars are like positive and negative electricity, where they cannot move forward or down equally;
OMG, what does your fridge use, positive or negative electricity? |
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Should we still choose FTX even after what SBF (CEO) did with it, well, at the first place, choosing a centralized exchange is itself a bad choice in the sight of many but, if OP doesn't care about that, then FTX might not be the best option. Just a thought, what do you have to say?
Again quoting myself: Do I have to add /S ? Can you even deposit on FTX? Have you actually checked as the platform is closed! It was a clear as glass example of what happened to previous platforms that offered high APY, you didn't get the interest and you didn't get your coins back! Anyhow I love how everyone is saying don't keep your money on exchange but I'm a bit suspicious everyone is also doing this, if I were to bet on it I would say at least 33% have at least a few hundred $ worth of coins on some exchange and not in their cold wallet! |
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I did not a full document of the lawsuit and only what you quoted, that are points you want to discuss.
There is no "lawsuit" https://www.lummis.senate.gov/wp-content/uploads/Letter-to-AG-Garland-Final.pdfBinance is different than FTX. At least they proceed billions of user withdrawals smoothly and their exchange did not collapse after a few days like FTX because of insolvency.
So did FTX, so did MtGox, till they didn't anymore! Hmm, The Questionnaire on a platform for showing their complete finance is not new here, but the point to be considered is the current market sentiments, Traders and investors both are highly Bullish on the coming market momentum but from a couple of days I've been going through some topics Binance and Teather are getting targeted for their transparency. Can it be another market's leading hit and similarly a top-tier centralized exchange of industry?
Except for for the fact that the issues highlighted in that letter were reported by newspapers before the jump in price! For example: On October 16, 2023, the Financial Times reported that Israeli law enforcement authorities had ordered the closure of over 100 Binance accounts
associated with Hamas since hostilities began on October 7, 2023.4 Bitcoin was at 27k at that time and it actually kept sliding till the 15th. So, it's completely the other way around, the reaction is not some "FUD" lol, I simply can't stop laughing at people who use FUD like it's some word of prayer, as it happened before there was any bullish momentum!Besides, how the hell is it even FUD when Binance acknowledge this by closing those account? Imagine the police come to your door and you say you don't do drugs, here mister office, there are the smashed pills I used to take but I just destroyed them 5 minutes before you knocked at my door! I'm clean now! How does that do for a defense story? But it's really funny how some think! Banks are evil, they allow a lot of money laundering and terrorist funding, and they are the worst! Binance doing the same, no, they are innocent, centralized exchanges are the new churches! |
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