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1061  Bitcoin / Bitcoin Discussion / Re: Bitcoin Whales moved $230 Million to New Address on: November 02, 2023, 11:45:40 AM
Three Bitcoin whale addresses transferred 6,500 Bitcoins to new addresses, totaling about $230 million.
~snip~

Maybe James finally found his HDD in the junk pile Roll Eyes

Of course, you have to joke a little, because that amount is pretty insignificant one way or another, and it just proves that a lot of those coins that are marked as "lost" really aren't. I remember when a member of the forum did transactions of 40 000 BTC, and if we didn't get too excited about it then, we won't even today. Even if someone sells all 6500 BTC, in the total volume of daily trading that is over $25 billion, that's just a drop in the ocean that won't cause any waves.
1062  Other / Beginners & Help / Re: Securing your Bitcoin talk account on: November 02, 2023, 11:23:16 AM
You are right about them but some people prefer to use a VPN instead of TOR because there is some inconvenience for them when using TOR. The Tor browser doesn't store user login details so a user needs to log in every time he restarts the browser. Many avoid using TOR for this reason but there can be other issue but I don't use TOR for that. Also TOR seems slow which you already stated in your comments. 

That "problem" you're talking about is actually a big advantage because saving passwords inside the browser itself is a big risk and no one should use that way of saving passwords. Although it is true that Tor does not offer the best speed because the traffic is redirected through several levels, it is not as bad as some people think, if things get really slow you can always change the "tor circuit" in a very simple and fast way.

To be honest the level of hacking is happening in the industry these days I am also thinking about using TOR no matter how inconvenience it will be for me. Online security is more important than having too much comfort using the browser.

It's not just about hacking protection, but privacy protection in the sense that you protect your personal data from all those who misuse it. Considering that Tor is completely free, I see no reason why anyone should avoid trying it.
1063  Economy / Economics / Re: choose an option on: November 02, 2023, 11:12:33 AM
You can be happy that you (still) have your national currency, wait for your country to join the Eurozone and then things will change (not for the better, of course). I've only found one bank that gives 3% interest, all the others have below 2%, and it still seems completely pointless to keep money in bank.

I don't agree with this. Everything meaningful, from cars and houses to even mobile plans have the prices calculated in EUR and converted to local currency.
So all we get is the bigger inflation. Thanks, but I prefer EUR in this case.
As I said, whether the bank gives 2% or 7%, that is still under what the inflation takes away.


That's a bit strange to me considering that I know that your country is not in the Eurozone, so why express prices in Euros? My country entered the Eurozone at the beginning of this year and the sellers took advantage of that and increased all prices considering that the conversion ratio was 1 EUR -> 7.53 in relation to the local currency. It was only after about 8-9 months that the government took action and returned part of the prices to the values they were at the end of last year, but we were literally robbed during that period because some prices went up over 100%. I believe that every country should have monetary sovereignty and thus be able to deal with its problems, and not that one center of power decides everything.


And yet some members decided for some other options, and I believe that most of those who chose BTC would change their decision if someone physically presented them with $480k in cash and the option to give their BTC address and get 20 BTC. If people on the bitcointalk forum don't want 20 BTC, those who know a lot less than them certainly wouldn't even consider such an option.

Good point. But you're only partly right. Actually I thought also of choosing fiat if it would all come now into my account untouched and without taxes (and others too tried a similar rationale). And the reason is not the lack of trust in bitcoin, by far. It's that:
1. I would use some of that fiat to pay my debts first and only the rest I would convert into bitcoin. I find this easier here than getting 20 BTC and selling some of those for paying the debts.
2. Since it's a lottery win, KYC will be there anyway, so, for tax purposes it may be better to have those bitcoins bought. That afterwards I mix them before putting them into cold storage, that's another topic.
But since the money was not coming like that, the fiat options are "sub-optimal".


I understand that tax plays a role for some, but if I were to receive that amount in cash in a bank account and it would be the winnings that arose from winning the lottery, I would have to pay the maximum tax rate of 30% (which is the highest rate considering gain). On the other hand, if the winnings were paid out in BTC, and that would be something that the state would not have insight into, then I could sell that BTC without doing KYC, because that is still an option for me, considering that transactions up to EUR 1000 can be conducted without KYC.

Although we are talking about a lottery win here, not every such win has to be KYC, because if we take into account freebitco winnings (weekly or monthly) you get them to your BTC address, and I certainly wouldn't report a $200k win, because 30% would go into the pockets of corrupt politicians.
1064  Bitcoin / Bitcoin Discussion / Re: A Simple Reason Why Bitcoin is not Money on: November 01, 2023, 03:31:45 PM
~snip~
But for some odd reason, everyone vehemently refuse to address it. It's hilariously funny to watch this show.

If you find it funny to watch yourself make a fool of yourself, then you can continue to enjoy it as much as you want. If I were you, I would seek professional help, considering that for years you have been trying to prove something about which you obviously do not have enough knowledge, and you are not intelligent enough to remember the passwords of your old BTT accounts, but you create new ones and write the same nonsense.

The only thing we can hope for is that at some point you will have to get off the pocket money that mom and dad give you and that you will have to start earning a living - and then maybe you will understand some things and won't have too much time for nonsense.
1065  Economy / Economics / Re: Is energy prices about to shoot up? on: November 01, 2023, 03:03:21 PM
I'm not an expert in geopolitics, but my thinking is that a real war in that area can only happen if Iran intervenes. Although so far we have heard a lot of harsh words from Iran, for now it seems that everything will remain only on threats, and all the other incidents that you have already mentioned are only isolated incidents that cannot significantly disrupt traffic through the Suez Canal, and even less through gas pipelines or oil pipelines.

Since Russia attacked Ukraine, some things have changed significantly in the EU, which means that many alternative sources of oil and gas supply have been found, primarily from the US and Africa (Algeria, Nigeria) and increased production from Norway. The latest data indicate that EU gas storage facilities are about 99% full, and temperatures are still around 20 degrees Celsius (daily), and long-term forecasts point to a relatively warm winter.

In addition, progress is also being made in terms of using energy from renewable sources.

The EU's net greenhouse gas emissions decreased by around 3% in 2022, reaching a reduction of 32.5% compared to 1990 levels;
The EU drastically reduced its dependence on Russian fossil fuel: phasing out coal imports; reducing oil imports by 90%; reducing gas imports from 155bcm in 2021 to around 80 bcm in 2022 and to an estimated 40-45 bcm in 2023;
The EU reduced gas demand by more than 18% compared with the previous five years, saving around 53 bcm of gas;
Gas storage facilities were filled to 95% of capacity ahead of the winter of 2022-2023 and stand at over 98% full today, ahead of the coming winter;
The EU Energy Platform organised three rounds of joint purchase of gas, collecting 44.75bcm of demand and matching it with 52bcm of supply offers;
2022 was a record year for new solar photovoltaic (PV) capacity (+41 GW), which is 60% more than in 2021 (+26 GW). New onshore and offshore wind capacity was 45% higher than in 2021;
In 2022, 39% of electricity was generated by renewables, and in May wind and solar surpassed fossil fuels for the first time in EU electricity generation;
Legislative targets were agreed for a minimum share of 42.5% of renewable energy in the EU by 2030, and the ambition to reach 45%. Energy efficiency targets were also increased, to reduce final energy consumption by 11.7% by 2030.
1066  Other / Beginners & Help / Re: Bitcoin is magic internet money on: November 01, 2023, 02:25:01 PM
The OP is very fascinated by Bitcoin. There are a lot of similar songs dedicated to Bitcoin on the forum, but stay down to earth and don’t create an idol for yourself. To master the “magic” of Bitcoin, you need knowledge and understanding that if you mishandle the magic wand (seed phrase), your Bitcoin can evaporate or pass into the hands of other more experienced magicians.
But seriously, OP, you create a religion of worship, and it always ends very badly.


That's how it usually happens at the beginning, everything looks incredible and magical, until the moment something bad happens - because of course, apart from good magic, there is also bad magic. Some bad magicians try to bewitch those who do not stand firmly on the ground with their magic, and when they succeed, things don't look so magical anymore.

I think that Bitcoin as "magic money" was even promoted in some countries, and then it is not surprising that some took it literally. Who knows, maybe someone will come up with the idea and establish a "Magic Bitcoin" church, and the condition will be that each member has an LN wallet and donates a few sats at least once a week Cheesy
1067  Economy / Micro Earnings / Re: Does Faucet give real bitcoins every few hours? on: November 01, 2023, 02:03:17 PM
~snip~
Now faucets are not profitable anymore, they don't even exists anymore, you can find one or two for other altcoins but you can't find for Bitcoin and Ethereum anymore, not even Dogecoin, man I made a lot of Doge coins through faucets and still lost them.

It is not at all clear to me how people like you even reached more than Member rank on this forum considering that you constantly write nonsense, you do not know how to use search engines and you live in some parallel world where facts are not facts but fabrications.

Given that you say that there are maybe one or two more faucets, why don't you start counting and tell me what the actual number is - of course, these are only those who use FP as a microwallet -> https://faucetpay.io/page/faucet-list
1068  Economy / Economics / Re: choose an option on: November 01, 2023, 11:43:43 AM
In 2023 a lot of commercial banks in my country were giving ~7% yearly interest on local currency.
Just the inflation here is significant and the yearly interest for EUR and USD were going at 3-4%. I know it's not franky's 7%, still better than 1%.
(I will add that afterwards one has to also pay tax on gains, but I guess that it's the same everywhere).


You can be happy that you (still) have your national currency, wait for your country to join the Eurozone and then things will change (not for the better, of course). I've only found one bank that gives 3% interest, all the others have below 2%, and it still seems completely pointless to keep money in bank.

I still think that 20 BTC is a great offer at this point, because I have no doubt that it is the fastest option to double that $480k, and probably more than that.

I can't argue this rationale  Smiley

And yet some members decided for some other options, and I believe that most of those who chose BTC would change their decision if someone physically presented them with $480k in cash and the option to give their BTC address and get 20 BTC. If people on the bitcointalk forum don't want 20 BTC, those who know a lot less than them certainly wouldn't even consider such an option.
1069  Other / Beginners & Help / Re: Securing your Bitcoin talk account on: November 01, 2023, 11:23:32 AM
Many forum users use the Tor browser to avoid IP detection. Some even use VPN to keep their location private.
~snip~

Doesn't using both tools really have the same goal? The difference is that Tor is free and it's a browser like any other with the difference that it provides the best level of privacy you can get at the moment. On the other hand, any VPN, regardless of whether it is paid or free, is a far worse option considering that it stores user data and shares it at the request of the authorities.

Of course, people use VPNs a lot more because that way their surfing speed is much higher than is the case with Tor, which is still much more sophisticated in terms of the privacy it provides, but because of that it is also a little more demanding to use.

But Tor cannot provide absolute anonymity, because if you have done something very bad, there are security services that can find your real location, regardless of how you tried to hide it.
1070  Economy / Micro Earnings / Re: Does Faucet give real bitcoins every few hours? on: November 01, 2023, 11:04:50 AM
It is not fake, but it is just a waste of time.
If faucet give you 6 satoshi every hour, that is 0.00000144 BTC in a day, which is $0.0504 in a day if bitcoin is $35000. Can you see that yourself that it is an absolute waste of time. You will have to wait long before you can be able to reach the minimum withdrawal. But some people are patient, have no work, but able to have several accounts with different IPs for just to turn the small amount of bitcoin to something big. As for me, I see it as a waste of time and energy.


A waste of time for you and some others, but for people who use that faucet practically from the beginning and have referrals and know all the possibilities that faucet offers (in fact, it is much more than a faucet) it is by no means a waste of time. The minimum reward is not 6 sats per hour, but can be even over 100 sats, with the fact that with each roll you get free tickets for the weekly lottery, as well as reward points that you can exchange for satoshis in a 1:1 ratio.

Besides, where else do you have a chance to win a Lambo or $200 000 in BTC every few months?
1071  Economy / Gambling discussion / Re: My Little Advice For Gamblers on: October 31, 2023, 03:53:20 PM
~snip~
And in all his family, friends, no body knew the password to unlock his phone or computer, not even his girl friend.
They have tried all the password ideas they had but non was correct, at the end, they had to reset the phones back to their factory settings , right now as I am typing this post, the family have no idea how they can access the casinos where the guy left tens of thousands of dollars, and neither do they have any idea how to access the money.


Perhaps that person had no intention that anyone other than him would ever come into possession of those online accounts, or in other words, he did not even intend to leave anything to anyone. As for the family, if they know the exact casino or perhaps which CEX he used, with an official death certificate they can request that the funds in these accounts be allocated to the legal heirs.

Otherwise, they can try to guess passwords or look for a possible backup, because it is unlikely that this person kept all the data in his head.

1072  Economy / Gambling discussion / Re: Most you have ever lost in one session? on: October 31, 2023, 03:41:45 PM
What is the most money you have ever lost in one session? could be land base casino or crypto casino.
mine was $200,000...

It seems that you are a millionaire when you gamble with such large sums, although I can also say that I once lost twice as much as you, but without proof it is just another in a series of possibly fabricated stories. No matter how you look at it, it is very likely that you would lose that money sooner or later, because people gamble for the thrill of it, not for the profit, right? Wink
1073  Bitcoin / Bitcoin Discussion / Re: Bitcoin ETFs and the 401(k) Dilemma on: October 31, 2023, 02:59:36 PM
~snip~

No matter how positive someone is when it comes to Bitcoin, I think that some things should not be gambled with, and that is certainly the diversion of retirement funds into any risky investments. Isn't it a much better option to try to invest your money in different things and in that way reduce the risk of losing everything in the event that Bitcoin fails to do what you want - or in case you happen to be hacked in the future?

The world is always in chaos, it's just that now we are exposed to this information far more than before and it seems that it is much worse than it actually is. If something really bad happens, then money and Bitcoin will lose all value, and everything will come down to what you have to trade in order to get food and water and everything you can't survive without.
1074  Other / Beginners & Help / Re: Securing your Bitcoin talk account on: October 31, 2023, 02:21:39 PM
7. Make use of secure browsers to avoid phishing attacks or leaking of your info to third parties.also avoid changing your email address frequently as this puts a message on your trust page for a certain period of time.

Which browser can be considered safe in the sense that it can prevent phishing in the literal sense of the word? Every user can install some kind of adblocker and protect himself from the display of paid ads in the search results, but if someone wants to click on a phishing link that he received in an e-mail or that someone posted on a forum, the browser can only protect him if someone has reported a malicious location and then it will display a notification.

Changing the e-mail address and password is a completely legitimate procedure and I don't see why it would be a problem, except in case there is a suspicion that the BTT account has changed owners.



Seems you miss with another important points for securing Bitcointalk account, you can set up question security with your account when some one accessing to your account and try to change password. I think that feature is still available in bitcointalk profile security and make more secure with your bitcointalk account.
~snip~

This is a bad option that should have been removed a long time ago, because people are very often predictable and set a very simple question and answer.

Another good reason not to use this feature -> PSA: ACCOUNTS WILL BE LOCKED IF THE SECRET QUESTION IS USED TO RECOVER IT
1075  Economy / Economics / Re: choose an option on: October 31, 2023, 11:58:24 AM
franky actually gave a better argument for choosing $480K lottery upfront. No burdensome money management needed when you can just put it in a savings account that yields 7% annually. You can withdraw the monthly interest for your basic necessities and side investments. When you put that into numbers then it's $480K * 7% = $33,600/year or $2,800 per month. I bet that would be enough passive income for a lot of people.

Which bank gives even 7% annual interest? I know that interest rates in recent years have been close to 1% or even less and that keeping money in the bank just to earn something from the interest did not make any sense.

I still think that 20 BTC is a great offer at this point, because I have no doubt that it is the fastest option to double that $480k, and probably more than that.
1076  Economy / Exchanges / Re: Kraken Warns Users: Your Bitcoin Trading Data Is Headed to the IRS on: October 31, 2023, 11:43:35 AM
~snip~

I think that many people were under the misconception that Bitcoin is something anonymous and that the companies that enable trading protect their data, but the truth is that the IRS sent some of the biggest criminals in the US to prison, and I am sure that they will catch many crypto traders as well.

I wouldn't bet that tax collectors in the whole EU will ever be at the level of the IRS, because each country has its own rules, and our areas are still far from the efficiency of Western Europe. However, we should always consider that some ambitious official will come up with such an idea, so if someone already trades through CEX, then pay the tax and sleep peacefully.
1077  Economy / Exchanges / Re: Kraken Warns Users: Your Bitcoin Trading Data Is Headed to the IRS on: October 30, 2023, 03:50:35 PM
I wonder how many US users have used any CEX without thinking that sooner or later the IRS won't get their data? The IRS already showed a few years ago that it wants such data in the case of Coinbase, and there should be no doubt that every CEX operating in the US will have to cooperate with the IRS or lose its license.

I don't see why any CEX would even legally fight such claims when there are laws that allow any court to rule in favor of the IRS - unless someone thinks they can trade cryptocurrencies perfectly legally and invoke privacy and data protection when it comes to paying taxes?
1078  Economy / Economics / Re: Does Using a Credit Card Demonstrate Financial Literacy? on: October 30, 2023, 03:17:17 PM
I would say that in some situations a bank card can be very useful, such as paying for some online services for which you cannot even use cash, or for online shopping from abroad. Therefore, I would not conclude that those who use cash are more financially literate than those who use cards, but that it all boils down to how much an individual can control himself from excessive spending, especially from buying things we don't really need.

Cards and cash have their advantages and disadvantages, and in some countries, such as Sweden, there is almost no cash at all because everyone uses cards, and more and more shops are appearing where there is no possibility to pay with cash or even with a card directly, but with the help of a special account that is connected to your bank account, and then at the entrance/exit the cameras scan you and charge you for each product you put in the basket.

No matter how someone pays, the most important thing is not to spend more than we earn (if at all possible).
1079  Economy / Economics / Re: choose an option on: October 30, 2023, 02:55:13 PM
~snip~

Given that those 20 BTC will be worth at least 3-5 times more in fiat value in the next 1-2 years (if we assume that the halving and possible spot BTC ETF will have a positive effect), for me personally that option makes the most sense.

Another option would be a house, although you did not specify the condition of the house - because there is a big difference in whether it is a house that is relatively new and habitable, or a house that needs additional investments to be able to live in it or rent it/try to sell it for a larger amount.
1080  Bitcoin / Bitcoin Discussion / Re: A Simple Reason Why Bitcoin is not Money on: October 30, 2023, 02:18:52 PM
A) Why's Bitcoin not money?
Because it is purposeless. Meaning, when bitcoins are bought they can never be used for anything, and whoever holds them must ultimately sold them - dump them on someone else.
~snip~

It doesn't make much sense to try to have any kind of meaningful discussion with this troll who has been writing the same nonsense for years using various accounts, and he is especially nervous when the price of BTC rises, since he lives for the moment to see how the whole thing failed.

Writing that Bitcoin is used only for trading is complete nonsense, because there are so many online stores where you can pay for various goods and services with it, and there are also people who travel the world and pay exclusively with Bitcoin.

I know it doesn't make much sense to fight single-minded trolls, but anyone who has ever bought Bitcoin can spend it -> https://spending-bitcoin.com
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