What I think is that the exchange might have just hired the wrong marketing team, which the OP appears to be part of, and the person who is in charge of the marketing might not even be checking what the OP is doing. What they know is that the information has been made public on Bitcointalk.
That is most likely the case. A small exchange with a small budget hires a crappy firm to do marketing for a couple of hundred dollars, those try to make it with just 10% of the sum and they hire some idiot on Fiverr to do 5 posts on social media websites and forums. Now fast forward, the exchange gets suspicious looks for this and a $ loss, and rather than new customers trying it you have older ones advising everyone to stay away from a business with such practices. Mission accomplished! Anyhow, this doesn't change the previous user assumption: Judging from all the posts you have made since you created this account, it’s obvious this account was created to promote your exchange.
I don't think the Op is the owner of the exchange; He said created, not that it's the owners themselves posting this. |
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It really amazes me that such a company could even do business in the US, because what we are seeing now, someone should have noticed and reacted earlier and prevented everything from going to hell. How realistic is it that no one knew about all these illogicalities within FTX until it was too late, isn't there someone who oversees such things?
A bit late to reply but there is one thing I must mention! Us, Japan, EU, south whatever, there is simply not enough workforce to monitor everything, and these companies know it, you can't have a million supervising a million companies, they all have to do with the numbers these provide, and even if on inspection they find a flaw that will be discovered only after a trimester and then real action will take further months. Besides, the major fuck up was not even over ftx.us but com, which was not US jurisdiction, in September 2021 was based in HK and then in the Bahamas, just like how CZ keeps binance.us clean so did SBF. It's worse than that - we know for a fact that Tether doesn't have the assets it claims to have. They revealed in court that at one point only 14% of USDT was actually collateralized: https://bitcointalk.org/index.php?topic=5322147.msg56656992#msg56656992. They also admitted that their collateral includes loan repayments they are making to themselves after printing almost $1 billion USDT out of nothing and loaning it to themselves to stop themselves going bankrupt. So print USDT out of thin air, loan it to yourself, claim USDT is backed up by future loan repayments.  The situation is better now, probably because of the last bull run, not that they have proved beyond a doubt they have a 1:1 backing but even if we ignore the parts of the audit that can't be trusted they do have at least 40% of those sums in treasury bills, that is the only sure thing they can't fake and can and has been checked, the rest, god knows and with their business practice I'm a bit unsure even he will be able to come with the right numbers. My most recent favorite snippet from the trial below. Gary Wang was a the CTO of FTX and co-founder alongside SBF: Lawyer: Are you aware of the difference between solvency and liquidity?
Gary Wang: Now I am. What an absolute clown show. If he tried to be a smart ass, then he's an asshole, if he was sincere then probably this is just the tip of shitshow we're about to discover. |
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~ Especially small investors who exclude themselves from the casinos, do whatever it takes to keep betting, and when they can no longer find a way to bet in the casinos, they move on to betting short on the crypto market, because they can't exclude themselves from that one. Oh my bad, I should have known, it's always like this, I'm even afraid to check posting histories anymore, the one starting a topic on giving advice is in deeper trouble than any of us! So, seeing this: Years later im in debt to loan sharks let me rephrase it: People should first treat their own addictions, then they should learn to stop borrowing money for addiction or investment and only then they should talk about manipulation and others, If you can't control your own actions knowing well that they are faulty then why the hell would you try trading when it's basically gambling on what news are coming out next day? I'm not a small player if you are asking my friend.
Yeah, you're right, you know how we call someone who borrows money from loan sharks and loses it all in a day? Big player |
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Small investors lost a lot of money yesterday on leverage or buying spot at top.
Small investors should stop playing with leverage and reacting to any FOMO trend. If you're playing with your lunch money better go and buy food with it, not risk it in a volatile market! And not just them, but everyone should stop blaming everyone else but themselves for these losses This type of moves create a media view of BTC as a scam and a manipulation device which the cex's or dex's who do manipulation will regret later.
Ironically you're the one here spreading rumours about manipulation and painting a bad image of BTC |
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So if you have a considerable amount of dust, you might want to hurry up to hit the 0.005 BTC threshold and leave antpool, if the dust you got is not worth it, you should just leave the pool now.
Hobby miners with just a gear will probably just have to leave that there, if you're at half you need two extra weeks of mining, and you might not get a thing. But I doubt they will enforce it at levels of no KYC no money, probably they will just try and get rid of the small players that don't want to pass it pay them, and then simply tell them to stop mining, I don't think they are that interested in guys with under 1ph even if they would provide all the documents! Now, if they go next level, how does proof of funds work with a mining pool?  They will ask you where you got your ASICs, how much did you pay for it and show them the import papers? This will be funny! /s I think they have been forced to follow some U.S stupid shit such as banning countries that are sanctioned by the UN aka the U.S such as Iran, Syria and all the none US friends, this pool has turned out worse than centralized exchanges, my guess, at one point they would start taking shit seriously and you won't be able to withdraw anything without KYCing yourself.
It was going to happen sooner or later, what will be really funny is when I'll see the first mixer imposing KYC, that's when I will probably choke myself laughing with a piece of fudge! Antpool is done for, Foundry was never an option, I assume Binance is already full KYC since you need an account with them in the first place, Mara is private(?), Luxor is US based also, SBI is owned by former SoftBank, SBI Holdings so .....via and f2? Solo mining at ck? |
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Ok it seems you're from Bulgaria.
Missed again, common, get real with those! Gas at 1.72 euros in Bulgaria, like yeah, when oil will hit 300 euros per pint, it's 1.41 there. There is no Aldi in Bulgaria also! So, you're not from the EU, right? Then again, why do you care about us so much? So you're lucky in a way but that doesn't mean other countries are not feeling the pain.
Yeah, stop quoting internet graphics for the start of the year!! Let's see it for Germany 26,56 ct/kWh, or for France 22,76, you see 2* cents is the higher one, countries like Bulgaria and Romania are at 10-15! As I said...the horrroorr! Again, you have no clue what prices are but you keep saying stuff from god knows what propaganda machine! What I know about the European country is that most people there are freelancers, which are not really employees;
Guys, let's just stop with the freelancers! https://www.cedefop.europa.eu/en/tools/skills-intelligence/sector-employment-occupations?year=2021&country=EU#1 But digital nomads, freelancers, all that stuff, put a lid on it! Europe has self-employed people but those are not most of them in the digital field and most are in the service department, people that deal with home repairs, commerce, and legal matters and they are only 14% of the total workforce. Just as an example, lawyers can be self-employed and I don't think you're going to find them doing their job from another country. Especially in today's time where there are wars going on in Israel, Hamas, Russia, and Ukraine,
Oh god, Hamas is an organization, not a country!!!!!!!!!!!! |
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~. You think the problem with lightning is to paying a couple of dollars to open up a channel? Because I think it's rather the technical experience you need to possess with running a node, maintaining your capacities and backing everything up perpetually. No, and this is why probably we have a disagreement! It's not the sum it's the quantity, even if you would have people opening a channel every 3 months and closing it 9 months after you still need the blockspace unless you opt for centralized solutions. With the technical experience, I'm a bit less concerned, every single day that passes a new generation becomes the majority, far more technical, far more willing to explore this, if we look at the median age probably it looks to them just like setting up core was in 2010 to the generation without smartphones Since I remember myself engaging in conversations with you, you've consistently pointed out the negatives, which is not inherently wrong. But, do you have any constructive suggestions to improve the situation?
Yeah pretty simple one, raise the block space in steps by doing a 4x by each havening, allowing both transactions on the chain to go by with 1-2 sat byte, reach a million in capacity, and leave enough room for another thing, from LN to consolidation unlike things are now, Bitfinex did one consolidation that with their hot wallet and they've dumped 10 blocks of transactions, one and a half hour of capacity! I'm not advocating for only on chain, not for only LN either, not for blocks containing money or videos but also not for blocks in which one actor can spam it with $1 million. Equilibrium, that's what I'm proposing! |
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You may have missed this:
This doesn't seem like P2P to me. In addition to the fact that it is obviously a KYC purchase.
No, I didn't miss it, I was actually curious what other shitcoins they might accept and if it's Ferrari or some dealership and read all of it. What happens is that I simply changed my opinion, you know I was anti shitcoin, anti-intermediaries, but if you see things are not working the way you wish then you start to think what's the next best and less bad than complete control thing, and yeah, payment gateways, without them there is nothing so the only compromise available. Besides, nobody stops Ferrari after taking your BTC to dump them on the market, right? Let's simply say that I prefer today's illusion versus the faraway dream I less and less believe in becoming true. As for the KYC, common, that would be the last problem, it's a car you have to register, even without KYC you would still provide the dealership with a copy of your ID as it's a legalized sale that's going to happen there. It's a shitty thing but if nobody uses it it will be even worse! |
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And you can't rely on fees in a network that can only operate in an on-chain manner, because it isn't attractive for the user. Unless you believe that paying $50 for a couple of transactions is sustainable and will definitely encourage people adopt it as currency.
Nobody is saying to have all the transactions on the chain! (well except Franky) What I have been always saying is that you need to give people the space to actually create an LN channel cheaply if you don't want them to use a centralized solution, as for the $50 pet tx is EXACTLY the opposite. I'm not advocating for a guy paying $50 for a tx I'm advocating for 100 to pay 50 cents! Here's a sincere question: have you ever considered taking tangible actions to address this? Complaining once in a while won't effect change. If you lack the requisite skills to develop software, have you explored alternative forks that align more closely with your beliefs?
Oh, the classical, if you don't like it you can go! Fair enough! Let's see what happens when Mara and Riot reach 40% and they will say that because of economic bla bla bla, weather conditions and geopolitical changes, they won't include transactions under 100sat in their blocks, suddenly it will make sense to tell people to host a $2000 miner at home to achieve decentralization. It will simply cause miners to abandon BTC blockchain and move to Scrypt.
I'm curious as to what is Scrypt? LTC/Doge algo, not sure about the numbers but a bit more profitable for the same age gear, an s19 would be in red while an l7 would still run at 12 cents per kwh. |
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The lack of enthusiasm is depressing... Remember the good old days of "When Lambo?' when goat actually bought a Lambo with BTC? What do all plan on doing with these coins, keep it till they reach one quadrillion and by that time they're too old deaf, or visually impaired to even drive a car have the seed inscribed on the top of the coffin so you might exchange them to afterlife coins on some cosmic dex? It's a "A Peer-to-Peer Electronic Cash System" it is supposed to buy things, and Ferrari is selling things, it's like a perfect match! I'm starting to believe the biggest obstacle right now to mass adoption for it like a true p2p system is the holders themselves! |
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LN is a failure.
Franky1, I'm asking you this time honestly, aren't you tired of attacking LN? Why do you even bother, it's a done thing, nobody is giving crap about what some users which are obviously a minority say, especially when their arguments are that cheap transactions are bad, so what are you doing and why? LN is here to stay and it will die only with Bitcoin, a thing I'm pretty sure you don't want to happen, so why? Seriously, why? today mining does 23,587,200 a day Don't you find it a little ignorant to compare the entire mining sector with just one lightning operator? Phil is a miner, and although he is overreacting sometimes his math and reasoning are spot on most of the time. You can't have security without a mining reward, and you can't have that reward without fees, in a decentralized network it's the users who pay, if you don't find a way to make them pay voluntarily it will suffer the same fate as an NGO that runs out of funds. I assume you remember our discussions you can't say BTC will become centralized because we need to spend 200$ on some SSD while at the same time thinking gear running on 8GW will do so out of goodwill. LN and the main chain need equilibrium, and ....money! |
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one thing we know for sure, anyone who is above 6 cents and not using sub 20w/th is already in deep shit.
And even at 6 cents if you're running on loaned money and your other expenditures are also making a serious dent. Latest Block: 812068 (2 minutes ago)
Current Pace: 106.7512% (1637 / 1533.47 expected, 103.53 ahead) So the scenario for slowing down to 5% didn't quit ematerialize, 2 days left and we need to go even more down compared to the previous period, blockchair said 141 blocks last 24 so we need two days of it. I find it a bit amusing that even now at 410m TH (to use the new units) we're praying on a rise of 5 and not 7, back in 2021 I was so bullish on the hashrate growing but I wouldn't have imagined a 6% jump on top of such a large pile. 200 days till halving, Bitmain maybe having a shitload of stocks of unsold gear, price is not being impressed by anything, so does this mean that if things go like this everyone over 4c is next down the hole? Serious question, assuming this happens and I'm sure in this case mining gear prices are going to tumble to scrap price, does any of you plan on buying and expanding? Cause you know, when there is blood on the street... Weather cooled a lot. I cant over heat my mine no matter how high I clock gear.
So basically I am running 15% higher hash than august 1.
Hmm, let's assume this jump is about cooling, would it make sense at these prices to sacrifice efficiency for small gains? And where is that whole extra power coming from? Cause assuming most of the US miners are on Foundry , then Texas is not the one to blame for the spike. Of course, I'm asking this in general not your case, I'm sure those guys are making a completely different accounting sheet. More and more it looks like mining is truly dead for the small guy! ----------------------------------------------------------- LE , updating this to not make a new post, it's the 15th Latest Block: 812308 (18 minutes ago)
Current Pace: 107.1815% (1877 / 1751.24 expected, 125.76 ahead) with less than one day left, even wiht a last hour change it seems it's going to be way closer to 7% than to 6% |
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Frankly, I don't care.
Then no problem, but you seem to be triggered by something, you bring this thing called Russia so much into discussion, why? Are you Russian or something? Who cares, I don't give a crap about what nationality or where people live or what language they use, this is about employment in Europe, why would you even have a problem with it? P.S. Btw, as long as you claim that you're a EU resident, perhaps you could share: 1 how much was your electricity (or gas) bill let's say in 2021 vs now 2 how much did you spend on groceries in 2021 vs now 3. how much you spend on fuel now vs 2021 The numbers will also give you a clue on why unemployment rate is falling. Deal, 1) price per kWh was 15 cents pe kwh is now 21cents per kwh! 2) common do you actually know somebody who writes down how much he spends on food a month? get real! Ask something about the price per item or so, but forget that, you don't even have to take my word for it Just grab the Aldi prospekt as the whole archive from 2016 on is online and compare the price 3) Again, why even bother asking me when there is fuelo.net it was 1.57 euros and it's now 1.72 euros The horroooooorr! Any more questions? Always happy to help people! |
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And this is different from your previous topic how? https://bitcointalk.org/index.php?topic=5462712.msg62672422#msg62672422Of course, I'm going to ask the same question, if you have such reliable information from top traders why don't you make millions all by yourself and you're trying to sell $15 subscriptions? Even if somebody would take your numbers seriously you still have made less than a few BTC from them, why even bother when you're standing on a gold mine of "leaks"! |
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Very weird, there has to be some explanation... perhaps signature campaign is not his only source of income here in this forum? Maybe a signature campaign or this forum is not my only source of income at all? You know, people with jobs? Actually, it would probably piss you off that according to the spreadsheet by not making my quota during the CM campaign I missed $6000 in earnings during those years! Imagine that!  Might come as a surprise to you but there are some here who discuss what they want how they want without feeling the need to kiss somebody's ass or be constrained by anything else, unlike posters that have to fake interest in a sport or gambling to qualify for their quota! I really think that falling unemployment rate is partially due to people forced to enter or return to job market which is not a great sign.
Let me get this right: Low unemployment is bad for the EU! Medium unemployment is bad for the EU! High unemployment is bad for the EU! Low employment is bad for the EU! Medium employment is bad for the EU! High employment is bad for the EU! Right? although as far as I know he is Ukrainian and doesn't even live in the EU?
Lol, you're about 3 countries, 1500 km off, and 20 years off ! And here is where the employment level comes into place.
Interesting viewpoint. When I read the title, I was happy because I thought finally some good news but reading your first sentence has brain me indifferent. Considering now that we have digital nomads and remote workers I can't say that I agree with your statement. Read again! Employment levels count only people living in the EU having a job in the EU! Digital nomads who are not paying taxes and social/welfare contributions in the EU are excluded! LE: What's more interesting, is why OP is creating a boatload of similar topics glorifying and admiring the EU
Actually, you know something, seeing people so triggered because of good things, I'm going to start one of those each day! Cause you know, that thing we have called freedom of speech and freedom of spreading joy? Probably not something you're aware of! Maybe I'll throw one about the 1 cent per ruble since I'm pretty sure it will hit a nerve! |
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~snip~
If what Caroline Ellison said is true then how successful was Sam Bankman-Fried in keeping the price below $20,000?
She (or anyone else in a similar situation) will say anything to save her own skin, and shift as much blame as possible to her boyfriend or whatever. Wow, exactly what I was thinking when reading that, the dumb * will portray everyone around as the devil in disguise just to get out and make herself both look better and earn points for discussing this huge conspiracy! Like I would trust her after the videos showing stuff like this: “Our plan to wait for several months and for market environments to improve did not work out,” Ellison responded in part, giggling afterward. Plus, I don't buy the reason why he would have suppressed the price, when you have a ton of coins you try to raise the value, selling coins means you have to actually give coins to people who would buy and withdraw, by simply buying with fake tokens you can print in unlimited numbers you have no problem. |
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Seems like it was all a big scare and nothing on the size of the Ukraine invasion effects. Oil went down, actually lower that it was before this whole shitshow, the only ones that are getting recked are Iranians as their currency went nuts:  now that Qatar has frozen those 6 billion they were supposed to finally get. So probably if we exclude the humanitarian consequences of this nothing major in the economy will happen, China is quiet as it has its Uyghur problem, India just....common, we know how much they love Pakistan and Muslims, so most likely everyone will stay quiet while Israel turns the entire Gaza into Mariupol. I.E 10,000 cash in a home could be burnt. But my digital wealth is safe.
That's if there is a fire you're away and the seed is not in the house, if a JDAM is dropping on you cash or trezor or whatever cold wallet you have it doesn't matter anymore. The whole thing is so damn complicated, you have 5% of your wealth in BTC safe but you lose 95% and maybe you lose a leg or a hand, at what point do you start thinking if it maybe was better for all to end it right there? This whole shit is so depressing! |
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CNN reporting it was a localised bank run so not widespread & nothing to worry about yet.
When you have police arresting anyone who dares show his face in front of the bank even if he has a bill to pay I too can believe that it was "small". Posts about the bank are disappearing from every social media allowed in China the instant someone types, of course, everything is under control, nothing to worry! YET!  This is why we bitcoin, obviously self custody is the only way to go.
Exactly, and we have solved the bank run problem also, if there is no money in the bank then there is obviously no bank run, right? |
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The cluster* of the real estate market seems to be for now a never-ending story that when finally finished will be ten times worse than any real estate crash in history and will grab a lot of both coulpable and innocent all the way. Country Graden is one foot in the graveyard as per their own release they can't make a payment and their sales are collapsing: https://www1.hkexnews.hk/listedco/listconews/sehk/2023/1010/2023101000054.pdfGiven China’s property sector has undergone profound adjustments, since the beginning of 2023, the Group’s sales have been under remarkable pressure. Based on the Group’s unaudited operating figures, the Group recorded contracted sales of approximately RMB154.98 billion during the period from January to September 2023, representing a decrease of 43.9% and 65.4%, respectively, compared with the same period in 2022 and
2021. For the month of September 2023, the Group’s contracted sales were approximately RMB6.17 billion, representing a decrease for the sixth consecutive month in 2023 and a decrease of 80.7% and 86.5%, respectively, compared with the same month in 2022 and 2021. If you have 1/5 of the sales you had during a covid lockdown, then it's safe to assume you're done for, which leads us to probably the same fate as the main actor here Evergrande so expect the same episode to happen again and again Evergrande, after losing US$66.3 billion in 2022, filing for bankruptcy in the US, seeing its reopened tarde in HK collapse, his workers arrested and so on, is not triggering a bank run! Of course, the bank run is illegal in China and you're not allowed to tell people there is no money in the bank: Police in Cangzhou have arrested “many people” suspected of spreading rumors that the bank was suffering a cash crunch because of its exposure to Evergrande, Yicai, a state-owned media outlet, reported on Wednesday, citing an officer deployed at the bank. “[We urge] financial consumers to make rational judgments and to avoid losing interest on your deposits due to rumors,” according to a photo of the statement posted by the media outlet. So listen up plebs, are you going to lose your $12 APY in LUNA tokens just because of a rumor  !!! Ups, my bad, the situation is so damn similar, and the reaction of the "officials" too that I ended up mistaking the two things but that can be forgiven, I assume, as : You have a bank that used people's money to finance a bankrupt company whose assets are crashing down! You have a company that used your coins to prop a shitcoin that crashed down having zero value right now! So before you think of 12% APY a year, of making money with the newly launched copy trading, don't forget, your balance on that exchange is just numbers, as in every bank, just how it was with FTX,seriously, read this topic by o_e_l_e_o !!! Proof of reserves? Insurance fund? Best I can do is a random number generator!Having money in some bank that invests in real estate doesn't mean you own real estate, having coins in an exchange that owns bitcoin doesn't mean you have bitcoins, you only have an IOU that has no value once that exchange is gone! So, fog god's sake, stop thinking about 5% extra and think more of the 100% you might lose! |
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I'm happy for Germany reaching the top-3, it's truly amazing. I hope they'll be able to fully stop their trading with Russia, now that they're officially super rich, though, as they're still transitioning from their dependence on Russian resources.
It's going to be tough but it's being done! Canada just launched a finished new pipeline that brings 600k barrels of oil to the coast, the US is going to hit a record in oil production this year, Enron is actually repairing Venezuela fields so it might return to production in 2 years and Australia digs out everything like mad, gas and coal and copper and bauxite, so soon some will realize that the west was doing fine even before there was trade with Russia! It's not about them becoming super-rich. I believe their GDP growth rate (in USD) is still below the inflation rate.
That's the misleading thing when people say recession and all that, GDP figures of growth and shrinking are always inflation-adjusted, Real gross domestic product (GDP) is an inflation-adjusted measure that reflects the value of all goods and services produced by an economy in a given year. Real GDP is expressed in base-year prices. It is often referred to as constant-price GDP, inflation-corrected GDP, or constant-dollar GDP. so it does end in weird things, but the whole value expressed in dollars for example, or why not, in BTC as above is growing! That's why I always favor GDP nominal over GDP PPP as that one has to deal with country-level specific situations, just because you own a $10k flat in, how not to piss somebody, random name on Google Kochi, it doesn't mean that when selling you're going to get the same amount as somebody selling a flat with a square view on Chance Elysee. |
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