He said the same thing for FTX a few days ago, only to delete the tweet a day later. He was probably trying to buy some time so he could pay off a select few individuals.


It is hard to say at this point. He is either a scammer or just grossly incompetent for the job he was doing. I believe the latter.

I understand what you're saying, and I partially agree with you. DEXs aside, it is impossible to get in or out of crypto without using an exchange. But, you know that some people leave their cryptocurrency in exchanges? They probably do so because they want to save on some transaction fees or they are too lazy to go through the process of withdrawing their funds. It's like going to the store to get groceries, but instead of taking them home you leave your bags at the cash register. It's a big risk. Exchanges could be hacked or they could go bankrupt, and you are exposing yourself to a lot of risks that could result in loss of funds.

If you want to hold your Bitcoins and use it as a store of value, then the best advice is to avoid using exchanges as much as possible.

OP, if you actually have a problem with gambling, get help from people who know how to help gambling addicts. Please stop blaming casinos for your addiction. It is easy to get addicted to gambling, but it is not the casino that makes you do it. It is your own choice and responsibility to stop gambling, not the casinos' fault. But something tells me that if you hadn't lost, we wouldn't be having this conversation. So I don't think you are really addicted to gambling, you are just a bad loser.

I think it is just an interesting coincidence, nothing more. Unless CZ timed his tweet based on this. 

I personally believe that if Bitcoin will continue growing at the rate it is now, it is going to help our society in the way we have never seen before. The basic reason for this is because the money we use, fiat currencies, are being printed out of thin air. And this creates hyperinflation, economic instability and generally weakens society. But with Bitcoin, we have a cryptocurrency that isn't printed out of thin air; so long as people continue using it, we don't have to worry about inflation because there can't be inflation without massive money printing as seen in modern day economies. Bitcoin may be imperfect, but it is infinitely better than what we use now.

As I already said in my previous post on this subject, the role that exchanges play has been vastly overstated by the media and the business community, who would have you believe that a companies like Binance, Coinbase or FTX "holds" all our bitcoins. That is simply not true if you own your private keys (which is what true ownership entails). The vast majority of users had never heard of Alameda Research or FTX Ventures before they started hearing news of the latter's insolvency. This is why I keep repeating this mantra: do not use an exchange if you want to truly control your BTC! And, as we have seen in this example, local wallets are indeed the safest option.

Yeah, I usually like to read everything in the WO thread but I had to put that idiot on ignore.

In the end, the only way to be 100% sure that your crypto is safe is to remove it from an exchange and store it in a wallet where you control the private keys. One just needs to look at the exchange situation over the last few months to realize that this is nothing new or surprising. Businesses offering these services are simply not prepared for a rapidly fluctuating market. Nor are they prepared for the security risks of managing so much money. It is no wonder that they have failed in large numbers when dropping hundreds of millions in a week is a common occurrence in this market. That being said, you're still going to need to trust someone at some point; we haven't had a string of successful DEXs yet really get off the ground, so we'll see how those pan out in a year or two.

It is hard to say. But I reckon there will be a few more exchanges to go before that happens. Binance has been immensely popular. It grew fast, basically when there were few other options. However, even though Binance is an important company in the crypto space, it is far from irreplaceable.

Who will buy Binance? Probably someone with a lot of money. Perhaps Musk?

This is a really complex issue, and I am not sure I can draw any conclusions from it. However, I do believe that the decision to let these threads exist as they are is a good one; most mega threads are harmless and aren't just for of spammers. They contain long discussions on various topics, and people usually update them regularly with new information as well. On top of this, deleting signatures in these threads would probably just drive any discussion that does take place into other threads on the forum, which would defeat the whole purpose. So for now at least, I think we should keep mega threads intact.

I would like to see that voodoo magic. Heck, if you can create a truly decentralized working forum-like platform, I bet you could even make a few bucks from it. But something tells me that you won't be able to do that. Why? Because you are obviously not an engineer and cannot code. And because the blockchain is not a magic wand that makes everything possible.

And, like Rizzrack said, I actually doubt you really understand what you are talking about and I think you may have some misconceptions about what decentralized applications are. For starters, they are not the same thing as having local copies of online data.

---

Ahh, good old KISS principle! 

As you can see @OP, these are some of the biggest cryptocurrencies in the game. And Litecoin is one of them. So, yes, it has a place in this world and a reason to continue existing. Think of it more like silver than gold, it may not be as flashy or popular as Bitcoin, but it is still useful for some things. Litecoin has its shines too, and it's definitely worth the time to check out if you're interested in investing your money or just using it for transactions. If your opinion of Litecoin is based on facts, I can almost guarantee that you won't be disappointed.

NFTs, at first were being used as collection of arts. The existence of gaming NFTs makes NFT vulnerable to many attempts that promise huge return but end up with blanks. Play2earn like sites are garbage and scammers. NFT needs to be originality, not staked in games. If no one is trying to strive for improvement, this market will only stay at its current state: scam and blind trust in ideas that has no foundation or plans at all. It is sad that in order for people to understand this, something have to go wrong first. On the one hand, I do still believe that NFTs will be used for many different applications in the future. However, I do not think that the gaming industry is a good place to start.

But you decided to use bitinfocharts.com for Bitcoin transactions even though you admit that their calculation is incorrect? As I said, you are cherry-picking.


Ignoring the fact that you are not actually sending anything using an exchange's internal function would be just stupid.


You mean BitcoinTalk.org members? Well, welcome to the club! 
If you are new to bitcoin, try making a transaction every now and then and see what happens.


I'm afraid your information is inaccurate. As of right now, there are 15383 Bitcoin nodes online on the network.
https://bitnodes.io/#reachable-bitcoin-nodes

It is not a good idea to invest with friends and family members, because if something goes wrong you will see their true colors very soon, regardless of what they say right now. So, I would kindly advice you to be extra careful dealing with your friends and family.

Risk is inherent in any type of investment and speculation, that may not satisfy their expectations and/or needs. In the end, be honest with them if your goal is to maintain a good relationship. If they want you to handle the work, don't promise them a profit, but point out the risks involved and explain that you cannot guarantee anything. It is not your job to guarantee that they will get something out of it, so don't make false promises. Instead, explain what you are doing and why you think it is a good idea, then let them decide whether they want to invest or not. If they still want to invest, then be sure that they understand the risks involved in doing so.

On many of the other forums I participate in, there is some kind of notification about banned accounts in the profile information.

This is an important feature to me, as I want to know whether a person is banned or not while I'm browsing through posts and participating in a discussion. It can be as simple as a red flag that displays next to their name, or it could be something more subtle. I see no such thing here. Sure, we have a BPIP extension, but it is not a standard part of the forum and I do not know how many people know about it. I think it should be a standard part of the profile information, similar to how banned users have BANNED next to their names when using the BPIP extension.

This is very informative thread and deserves a small bump to stay on the front page. I always say, it is better to revive old threads than to create new ones on the same topic.

You are cherry-picking charts and stats that fit into your flawed narrative. 


https://bitinfocharts.com/comparison/ethereum-transactionfees.html#3y
Current Average price is $2.68 per Ethereum transaction


There, I fixed it for you.


LOL! Using centralized services for transactions kind of defeats the whole concept of decentralized cryptocurrencies.

According to https://mempool.space Bitcoin mempool is practically empty right now. This means that all transactions, even with the lowest transaction fee of 1 sat/vB, will be confirmed in the next block.

In other words, the most basic segwit transaction with a single input and a single output will cost you about $0.03 at the current bitcoin rate.

Accounts Connected: (Note: Banned shown in red / Inactive in Blue/Active)

1. Discussion
2. hanah102

Proof:


https://ninjastic.space/post/60338501

Reporting:

These alts have been reported by me in the "[Report] Ban Evasion [Requesting Admin/mod to check those and ban]" (https://bitcointalk.org/index.php?topic=5094661.0) thread for ban evasion - n/a
I have marked these user's trust feedback pages with distrust.

Related Addresses:


Miscellaneous:

Another alt from a known bot farmer and bounty cheater.

---

Accounts Connected: (Note: Banned shown in red / Inactive in Blue/Active)

1. lanlinhtinh
2. hertryshin

Proof:


https://ninjastic.space/post/60432436

Reporting:

These alts have been reported by me in the "[Report] Ban Evasion [Requesting Admin/mod to check those and ban]" (https://bitcointalk.org/index.php?topic=5094661.0) thread for ban evasion - n/a
I have marked these user's trust feedback pages with distrust.

Related Addresses:


Miscellaneous:

Another alt from a known bot farmer and bounty cheater.