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1261  Economy / Economics / Re: I bought Apple stock because iPhones are garbage. on: May 04, 2023, 12:48:11 PM
First of all I am an Android user too cause I don't like the user experience of IOS and we need to take lot of work to do simple things on IOS compared to Android but Apple devices are known for their performances too apart from camera because the hardware designed specifically for the IOS so it performs well along with efficient but that doesn't worth $1000 but people are going after it just for the brand so there is nothing wrong with investing in their stocks but I don't expect it to grow a lot further like Tesla or something.
1262  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH gas fees are a joke. on: May 04, 2023, 11:39:47 AM
Possibly this is the solution but I haven't used metamask for long time and even when I use I generally use the high priority because I don't like to wait too long which makes me frustrated. Anyhow even with ETH2.0 the problem still exists which is kind of worry for the future of ethereum because the alternatives are offering lower transaction time and fee but decentralisation is the only difference if I am not wrong.
Well i was answering to OP and OP was using metamask. Also i am not sure what you mean by "ETH2.0 problem" or what alternatives are you talking about. You can always use Layer 2 options like Polygon or Arbitrum as they run of ETH so you don't need to use more centralized blockchains. If you are sending wrapped eth, or any token really.
I mean the alternative blockchain like BNB, Tron and others are cheaper however ETH moved to Proof of Stake so the developer working on the switching process but it didn't solve the problem completely cause the gas fee of ETH is still high but lower when comparing with PoW however it's too high to do make transfer in day to day life.
1263  Economy / Service Discussion / Re: What's highest amount instant exchanges can be trusted with? on: May 03, 2023, 02:47:50 PM
I can say that it's better to do several small transactions rather than one big one, it ultimately depends on your personal preference and risk tolerance. For example, smaller transactions may be less risky, but they may also be less convenient and potentially more expensive due to transaction fees. In the other hand, larger transactions may carry more risk but can be more cost-effective and efficient in the long run.
Well, you are right but I am not aware is there any existing instant swap exchange is in operation without KYC. In the past we had and we can use them just from our wallet itself but since 2019 they become obsolete when every exchange made KYC as mandatory due to regulations of government.

So anyone who wants to trade huge amount then only option is to choose the traditional spot trading method because where there is no risk for our funds but we need to compromise our privacy or can use Bisq like platform where you can find higher limits too but it totally depends on what currency your looking to convert.

For example in Bisq platform the volume is almost zero so I can't trade at all but for other currencies there I can find lot of offers.
1264  Other / Beginners & Help / Re: Darknet hackers are selling crypto accounts for as low as $30 a pop on: May 03, 2023, 12:56:50 PM
~snip

Almost all of those hacked accounts are clear, everything has been replaced, thieves even sell more expensive verified accounts, with full F2A enabled, and new email address access. Do you really think all those darknet sellers and buyers are that stupid?
If everything would have been a scam, do you think you would still have darknet marketplaces with thousands of users?

Anyhow, a ton of those accounts are not even hacked, they are simply accounts created with stolen IDs, far easier and cheaper, with everyone throwing their documents at every scam requiring KYC the price for a full set has gone down you can buy it for pennies.

As I said I am unaware of those hacked exchange accounts but I know in darknet people sell stolen credit cards which we can buy for very cheap but at the end of the day we will definitely get caught if we use hacked credit card to make any purchase.

Okay let's talk about creating an account using the stolen KYC documents is not easy either because most of the exchange requires selfie while submitting documents for verification to verify the liveness of the person which also can be helpful to avoid using account with someone's documents.
1265  Bitcoin / Bitcoin Discussion / Re: Why is the transaction fee and mempool congestion increasing ? on: May 03, 2023, 10:21:48 AM
AFAIK, it's related to Bitcoin ordinals[1]. If you're transacting on a regular basis, then maybe it's better to try and stick to the lightning network for now.

[1] https://decrypt.co/138668/bitcoin-daily-fees-hit-all-time-high-with-3-million-ordinals-inscriptions
Yesterday the numbers of unconfirmed transactions around 290K but now it's near 210K so it's a sign of the network is clearing but as you said anyone who wants to make Bitcoin transfer can avoid on chain transaction to save few dollars because on normal days it won't even cost half a dollar now it's over $6.
1266  Other / Beginners & Help / Re: Darknet hackers are selling crypto accounts for as low as $30 a pop on: May 03, 2023, 07:29:33 AM
I was thinking who are the people that will buy these accounts? Only what that comes to my mind is that the scammers will be the people that will like to buy such accounts. I am also thinking that it can be beyond only hacked accounts because it is possible for people's KYC to be breached and stolen from exchanges and the platforms that the exchanges are giving the KYC.

Darknet hackers are selling crypto accounts for as low as $30 a pop

Do not think everything you see on the web is true. Some people are using bought verified account. But I am thinking what will be the legit reason to be using a bought account?

First of all buying hacked account is useless because even if the hacker can provide the login credentials on an exchange account you still can't login without authorisation link which will be sent to the email you used for registration and this security feature is called login shield which prevents logging in from new device until we give authorisation.


Taking from your explanation, if it's only from that point, it's not useless. What do you really think of these hackers?
These hackers don't just hack the exchange account they want to sell; they start by penetrating the email. That's where I believe they start, and these emails can give them access to whatever they want for those that make the mistake of backing up their passwords on their mail.

So if the hacker is to sell the account to any potential buyer, they will sell it together with the email and whatever authorization tools the exchange will need to give the user complete access to the account. It will now be left for the new owner to change those security settings.

I believe those hackers will still plant some sort of thing on the mail or even activate some kind of trusted device settings, which will allow them some way to gain back access to the account if the new owner eventually funds it. Those hackers are never to be trusted and are not the kind to engage in any sort of business deal with.
I haven't got any opportunity to see what they are selling but if they are selling exchange credentials along with the email they used for registration credentials then it will be useful for the buyer but no one with the good intention is going to get such account because they know its highly risky to deposit funds into those accounts and the original owner may claim back the access at any time by contacting the exchange.
1267  Bitcoin / Bitcoin Discussion / Re: Too many bills killing crypto on: May 02, 2023, 07:30:05 PM
They can pass a bill which restrict the platforms operating in their state should not allow any transaction via cryptocurrencies but they can't do anything beyond that, they can't stop bitcoin until there is no more internet in this world so these bills are suppressing its growth temporarily but in long term bitcoin broke all those barriers and made many countries to legalize it so don't worry about the future of Bitcoin.
1268  Economy / Service Discussion / Re: What will a mixer do under the mentioned situation? on: May 02, 2023, 05:08:10 PM
We all know about hacks, scams, password leaks and all the shit that's happening in the crypto world and we also see lots of scammers using mixers to eradicate the possibility of them being caught at all (though there are traces, but using mixer saves these scammers at the least, not intentionally).

Now, let's say that a hack happened some day at some exchange for about $300 million (or even $3 million, just e.g.), and the exchange immediately opens up about the hack. For a second, just think that the scammer keeps the coins in his wallet and doesn't move them for some time, however FBI and other major authorities are aware of this hack and they give orders to mixers that if a specific address is provided to the mixers (if they know exactly on which address the hacker has kept the coins), and they ask them to immediately report them about the same, then let me ask some questions:

1. Do mixers know where they're getting a deposit from?
2. If yes, will they co-operate here with the officials and let them know about the deposit?
3. If they do, how will they stop the scammer from moving his funds out of their mixer?

Generally hackers will try to cash out the stolen funds as soon as possible because they know that more longer they keep then it eill be harder for them to convert.

But as you said if there is such situation then the mixer has to manually blacklist any transactions coming from the listed address so they won't get into any trouble.
 
They're not really supposed to answerable to authorities but if they do when they feel that is the right thing then it can change the face of mixers from only funds mixed here are coming from illicit activities to they're here to give better privacy to individual and not to help the scammers.
1269  Other / Beginners & Help / Re: Darknet hackers are selling crypto accounts for as low as $30 a pop on: May 02, 2023, 03:05:52 PM
I was thinking who are the people that will buy these accounts? Only what that comes to my mind is that the scammers will be the people that will like to buy such accounts. I am also thinking that it can be beyond only hacked accounts because it is possible for people's KYC to be breached and stolen from exchanges and the platforms that the exchanges are giving the KYC.

Darknet hackers are selling crypto accounts for as low as $30 a pop

Do not think everything you see on the web is true. Some people are using bought verified account. But I am thinking what will be the legit reason to be using a bought account?

First of all buying hacked account is useless because even if the hacker can provide the login credentials on an exchange account you still can't login without authorisation link which will be sent to the email you used for registration and this security feature is called login shield which prevents logging in from new device until we give authorisation.

There can be no other reason than scamming others using the account or possibly to launder the money but doing it is highly risky cause you can't deposit fiat to most exchange from third party accounts so you can use it for crypto to crypto conversion only.
1270  Economy / Economics / Re: Bitcoin Supercycle? on: May 02, 2023, 12:47:29 AM
Is it possible to have a bull run for the next couple of years? I mean more people and companies start using bitcoin often and knowing there's a limited supply of it, the demand for the crypto will go up eventually. Do you think it's possible considering inflation and our global economy today? I know its a very volatile asset but what do you think?

I am not sure that we reached that state because companies are not adapted the Bitcoin in full form, they announced they will add in the future so I don't see anything like called super cycle which will exists for nore than a year above its previous ATH but definitely ad sd know a cycle is about 4 years so 2 years for bull and 2 years for bearish so it's somehow reliable question for the title of this topic
1271  Economy / Gambling discussion / Re: do you lose on slots? on: April 30, 2023, 04:47:20 PM
I like to play slots and If I am not wrong my winning ratio is 1/10 or less than that and didn't made any big wins too but it feels fun and the wow factor of hitting the jackpot keep myself engaged. I just play with very little amount on slots compared to dice, plinko or others since the slots aren't working really atleast for myself. But I like to watch the live stream of slots and sometimes I do it for hours and feel the thrill with the user who is spending the money and I am just losing my valuable time.
1272  Economy / Gambling discussion / Re: Are you a fan of sports betting? Have you ever considered using Bitcoin sportsbo on: April 30, 2023, 02:40:48 PM
Have you tried betting on sports with Bitcoin? Share your experience in the comments!
What kind of stupidity is this because you are asking have you considered using bitcoin for sport betting or just gambling on the gambling board of bitcointalk. Tongue

Can someone look into OPs post and find whether he used any AI too make this post!



Anonymous is not completely available because you have to go through KYC verification for AML so it means you can play convenient but you can't be anonymous user even using decentralized medium of exchange on a centralised platform.
1273  Economy / Speculation / Re: The power of Bitcoin in global world on: April 29, 2023, 07:09:42 PM
Have you ever wonder how lucrative or powerful Bitcoin is in the crypto world.
And you ask yourself(especially as a beginner in cryptocurrency business) can 1 Bitcoin make you a millionaire? Now listen!
The  creator of swiss key,kyle kemper created a formula that determines how much Bitcoin one has to own in relation to the value of the world's wealth and the rise of a Bitcoin over time.
According to Kemper's formula: A person need a total of 0.06624605 BTC in order to guarantee wealth worth $1 million.
Pretty impressive when I look that number so hopefully I will become a billionaire when that day arrives. Cheesy

Obviously he calculated the total available supply of bitcoin and estimated atleast half of the world's fiat replaced by bitcoin or cryptocurrency and then this figures will appear.

But I am living in the present currently its around 30K so don't forecast too much and just accumulate as much as you can but only if you have the faith in the future of cryptocurrency.
1274  Bitcoin / Legal / Re: Let's talk about FedNow and the relationship with cryptocurrencies on: April 29, 2023, 05:19:54 PM
The FedNow Service is an instant payment service provided by the Federal Reserve, enabling individuals and businesses to send and receive payments within seconds. It's not a form of currency nor a step toward eliminating any payment form, including cash.
I don't see any special feature of this new product by the US Federal Reserve apart from the speed of transactions. This is clear proof that the banking system is not giving customers the needed service, hence the Central bank wants to cover these vacuums. I think the American banking industry is going through a lot of problems that they want to showcase this service to divert the attention of the public from the main issues. This is because this fast service is also offered by commercial banks in my country and their transactions sometimes ate reliable. But the Fed didn't guarantee that this service will never experience any service downtime. Let's see how it goes.
Isn't the central bank responsible for the interaction between banks? There is a processing center that is responsible for processing transactions. In Russia, there is a system of fast payments, to which existing banks are connected, and no new solutions are needed. Each participant in the system has only 1 identifier, this is a phone number. Therefore, transactions are confirmed after a few seconds. There is no need to invent anything new, you need to add a new option to the processing centers.
Already the instant transaction available on many countries and upto certain limits so the delay will be there for big transactions which may take few hours like when you transact a million dollar it will take upto 30 mins to 3 hours so they aren't inventing anything new just invented a fancy name and try to use it as a barrier agains the decentralised monetary system. Anyway it won't be an alternative to decentralised money but can pause the adoption for a while and that's what Fed even looking too.

About the title FED will never going to be on the side of crypto I mean decentralised ones like Bitcoin because it's their direct threat to their future so they will be doing all the things to suppress the growth as early as possible.
1275  Other / Beginners & Help / Re: Difference between long and short term investments in crypto on: April 29, 2023, 03:31:28 PM

Bitcoin is an excellent example of a short term investment. Day traders have made quick profits by buying and selling bitcoin within a single day.

I have exact opposite opinion about this because bitcoin volatility exists everyday but is it really possible to hit the trades everyday when price goes up and down which is almost impossible and I am mentioning it from my all the years of being a day trader that is why day trading is highly risky as well as you can get high rewards too.

But if I have to pick either short or long term with bitcoin then definitely long term will be my choice because I know the price of Bitcoin will be a lot high in the next 4 or 5 years from now so what's stopping you to invest and just relax until the next ATH approaches.
1276  Economy / Economics / Re: using credit card on: April 28, 2023, 09:39:26 PM
i am studying in college, i was really excited to get my first credit card Wink. i thought it will give me a sense of independence and allow me to buy things i could not afford with cash.

though, i quickly learned that credit cards can be a double edged sword. while they can be helpful in building credit, they can also lead to debt and financial trouble if not used responsibly.

at first, i used my credit card reasonably, only for like emergencies or small purchases that i knew i could pay off in full each month. but as time went on, i began using it more and more for larger purchases and impulse buys, without really thinking about how i would pay the balance off.

before i knew it, my credit card balance had  blown up to several thousand dollars, and i was struggling to make the minimum payments each month. the interest charges alone were eating up a significant portion of my income, and i felt like i was going under debt.

it was not until i sat down and made a budget that i realized just how much my credit card debt was affecting my overall financial health. i had to make some tough choices and cut back on some of my expenses , but finally,
i was able to pay off the balance and get back on track.

the lesson that i learned here is that credit cards can be a valuable tool for building credit points/scores and making purchases, but they should be used responsibly and with caution. it is important to keep track of your spending(like keeping a journal), pay off the balance in full, each month if possible, and avoid carrying a balance that will increase interest over time. by being mindful of your credit card usage, you can avoid debt and maintain your financial health.

i am weak at economy, is it wise decision to use credit card?
You should not use credit card unless you have the money which you're going to spend in your bank account in worst case you know the sources of income will get you that amount before the due date.

If someone use credit card in this way then it's good for them because it will help you to build your credit line so get loans for less interest rate for example while doing business,etc and also enjoy the free perks comes along with credit card for example free lounge at airports, free hotel stay, etc.

so that is really a point of credit card to to take a loan with less interest and easily got the a loan i would prefer this than using it to spend on something that later on youll pay it, i mean even you cant afford it you can still buy it and pay it in installments which my view is that it isnt good idea because why purchase it if you cant afford it in cash mostly this are wants and not the needs in our life.
Unfortunately we have been tuned in that way so majority of people don't realise the credit card trap but who knows can use it wisely and get a certain amount as long with zero interest and this will further build the credit score so in future we may get better interest rate for example while buying a house or car or anything.
1277  Economy / Exchanges / Re: What do you actaully consider KYC in terms of information that has to be given on: April 28, 2023, 02:26:14 PM
With more and more exchanges asking for KYC, and some people being a bit more privacy oriented / or even just caring about it then others. I was just wondering what people thought of KYC info vs. 'whatever info'

Picking on localcoinswap.com they ask for an email address to sign up that then then send a code to for verification and then a cell phone that they can send a text to.

That's it. But some people consider that KYC. I look at it as since I have a few phone numbers that cannot be tracked back to me [no real reason just wound up with them] that it's not KYC. Send me a text, to that number I really don't care.

Some places go deeper and ask for an address and other things but really never verify it. I have a few places that think I live in a building that was torn down a few years ago.

Then you have the 'full anal probe' KYC

So, for me the 1st 2 are not a big deal. It's just the last one that *I* think is KYC.

What do the rest of you think? And do you really care so long as there are non KYC options.

-Dave

Email and Phone number verification is to avoid the bots attacking their website for any reason but I am sure they will atleast need your national ID to be verified once you cross certain trading limit and probably it will be around $1000.

So people who trade too often and high amount definitely needs to go through extensive KYC which includes video call verification, source of income on certain cases,etc which may not be comfortable for everyone but to be a reliable trader they need to sacrifice their privacy if they want to trade with cheaper fee, more trading pairs, various deposit and withdrawal function.
1278  Economy / Gambling discussion / Re: There are many advantages to the relationship between gambling and Bitcoin. on: April 28, 2023, 12:18:30 PM
There are many advantages to the relationship between gambling and Bitcoin. Firstly, Bitcoin provides a secure and decentralized way to gamble online, which is attractive to many gamblers who value their privacy and security. Transactions are processed quickly and can be completed without third-party intermediaries, making it a popular choice for online gambling sites.

Another advantage of using Bitcoin for gambling is that it allows for more anonymity than traditional payment methods. This can be especially important for gamblers who wish to keep their gambling activities private.

Furthermore, Bitcoin transactions are often cheaper and faster than traditional banking methods, which can save gamblers money and time.

Many online casinos and sports betting sites now offer exclusive bonuses and promotions for Bitcoin users, which can provide gamblers with extra incentives to use Bitcoin for their online gambling activities.

Can you tell us another advantage of opening an account in a Bitcoin Sportsbook?

Well bitcoin is decentralized but online crypto gambling sites are not, they are centralized and comes under regulatory body which almost made KYC is mandatory for every crypto gambling sites so it means you can play conveniently but for anonymous part it's not really achievable anymore due to this strict regulations coming from government for AML and other illicit activities which may take advantage of the decentralized asset like bitcoin.

1279  Other / Beginners & Help / Re: Missing Bitcoin on: April 28, 2023, 01:58:28 AM
Can someone help me with a transaction that has been confirmed over 600# and is not showing in my wallet and yes I sent it to the right wallet.
Since you mentioned it's wallet I hope you're not talking about exchange's wallet here and if that's the case its different and you should contact the exchange ASAP and let them know your balance doesn't show up.

Now what's possibly can be a reason if its not showing in your wallet, the wallet isn't connected to a node so try to install the latest version of the wallet and let's see if it works but before doing all this just go to blockchain explorer and search your wallet address and see whether the balance is showing there or not.
1280  Economy / Gambling discussion / Re: The psychology of betting..... on: April 27, 2023, 06:27:07 PM
I beleive I will be lucky if I wear black and it's true to some extent but when we apply the common sense here let's imagine I believe black is lucky colour for me so I wear black all time or most of the time so at the end you didn't really noticed what happens when you wear other colours, but obviously it doesn't make sense while everyone has some superstitious beliefs and myself is not an exception to it.

But I keep it clear If I win I will be happy and if not just feel for loss and move on while most people try to chase and ends up losing more and more.
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