I don't believe that the U.S. Dollar will be "ditched" and removed as a global reserve currency unless we see the MAJORITY of people from the U.S. and other countries wanting to migrate to China, India, or Russia in order to earn their salaries in those countries' salaries.
This is very much true. US dollar for decades has dominated the as global currency and most of trades including oil are settled in USD. Things are changing quite rapidly specially after Ukarine Russia war, as there are sanctions over Russia so there are few countries like China and India who are doing trade with Russia in currencies other then USD. Now India has signed an MoU with 18 counties, we need to wait to see implication of this deal. The problem with those countries that, signs a Memorandum of Understanding, and "agrees" that they will use each other's currencies for trade, is they hold most of their foreign reserves in the U.S. Dollar. Because they hold most of it in the U.S. Dollar, especially China, they can't simply "ditch" it. Truly deep inside of them, they should not want the United States to fall or else they too shall fall. It will be like a Bitcoin HODLer that wants the network to fail. |
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My friend loves opening different trades at a time, most at times is difficult for him to control what's should be. Trading on free chart with multiple opening can be very dangerous. Yesterday he experience unusual hit when bitcoin price drops again, four trades loss at once when the market go against him. Personally I don't advise multiple trade especially when you're not familiar with trade
Did your friend trade with leverage? We might be starting to be in a bull market cycle, if he didn't get liquidated, then it's OK. If he is well-capitalized, he will be solvent enough to be still in the trade and get those losses back. But if he simply bought Bitcoin, tell him to "just HODL"! |
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How long must the network keep running, how many more blocks must it produce, and how much more FIAT must Bitcoin absorb before the doubters are convinced that it's actually part of the evolution of money? HOW LONG?
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OP, I have always suggested in digital back-ups generated from an offline computer that will never be online again, then stored in a brand new USB drive that will never be connected to any compter except the offline computer. Encrypt the contents in nested directories with different passwords as you go down.
It's probably paranoid of me, but it's most of my savings during 2018 - 2019 stored in there.
If you insist in writing it down, you should find/make a simple word cipher. It's the same as encryption.
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BTC to slow & expensive
--> just in tecnical its possible
I don't know if you're really a newbie, or if you're merely trolling. Because if you are truly a newbie, then I believe you haven't fully understood that "speed of confirmation" doesn't matter, it's about settlement assurances. Technically one confirmation in Bitcoin is probably equivalent to more than ten times more than a confirmation from a shitcoin. |
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Or if just for a "gimmick", it's probably better to build another chain, get community consensus behind it, and have its token merged mined with Bitcoin to help with miner revenue?
you mean create another sh**chain that no one cares about or wants to hold in their wallet? I said that there should be community consensus behind it, or else, it will just be another shitchain with a shitcoin. Plus you said that a "new gimmick" was perhaps required. That's merely another suggestion for a "new gimmick".
That's better than making Bitcoin inflationary, no?
i'm not sure it is. but who says it would definitely make bitcoin be inflationary anyway? it might not have that much of an effect. But in breaking the social contract of having Bitcoin's supply limited at 21,000,000, you risk another split within the Bitcoin community. |
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I think the world economy is currently prone to problems, interdependence between countries makes no country able to stand alone, it's time for the country to think about strengthening the agriculture and plantation sector, because agriculture and plantations are a source of life, unfortunately many countries reduce agriculture and switch to industry so food prices continue to rise.
Inter-dependence and cooperation is OK, because no country could produce everything they need within their own borders. But what a country should do is be a net-exporter if it does import products from other countries. The United States is an exception because it can print something that's still in demand in world trade = the U.S. Dollar. It's probably their "greatest export".  |
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It appears BTC will really struggle without a new gimmick. by 2056.
maybe the new gimmick will be to change to a constant block reward. the block reward going to zero is the problem for miners right? they don't like that. yes it is inflationary possible to *some* degree but if we're being realistic most people that use ethereum don't realize that its block reward doesn't go to 0 you just keep those type of details under the hood away from them and they'll be fine.  Or if just for a "gimmick", it's probably better to build another chain, get community consensus behind it, and have its token merged mined with Bitcoin to help with miner revenue? That's better than making Bitcoin inflationary, no? |
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I have a shower-thought-question for the readers of this topic. From and investor's standpoint, does Ordinals make you more bullish, or more bearish on Bitcoin, compared to 6 to 12 months ago?
Pros - Ordinals may bring more demand for block space, more rewards for miners through fees, and possibly also bring more demand for BTC.
Cons - Ordinals may be used as an attack vector for spamming the network, it stores dick pics and fart sounds in the blockchain, and it could open other attack unknown vectors.
Holy fucking shit. You could at least try to stay on topic, and then you just invite more divergence from the topic when you cannot at least present your question in a way that is relevant to the topic. Not entirely off-topic. I was merely asking because "IF the pros outweigh the cons", don't forget I said "IF", then from a viewpoint of a Buy the DIP and HODL type of investor, Ordinals could be something very bullish for the future of the network because it could bring sustainability for incentivizing miners through fees as the block rewards go down. |
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Sorry, might be off-topic, but I'm curious, do you frequently use Sparrow Wallet? I have it downloaded, but have yet to install it, to try their implementation of BIP-47. I just want to ask about your personal experience in using the wallet, and in your opinion, if it's good to use for public donations to avoid the sanctions that happened to the Trucker's Protest wallet. I wouldn't say frequently, but I certainly use it from time to time. It is great at just how easy it is to run from your own node. Unlike Electrum, you don't have to run an Electrum server on top your node. You can just point Sparrow directly at your node, and off it goes. have never used its BIP47/PayNym function. In what way are you looking to avoid sanctions? If your addresses/UTXOs are already sanctioned, or the addresses you are sending to are sanctioned, then it does not matter what wallet you use to make the transaction. The obvious option is simply not to interact with any service which employs blockchain analysis, treats some UTXOs as tainted, and is anti-fungibility and pro-censorship. Unless you mean about using Whirlpool via Sparrow to remove any "taint" or other such nonsense from your UTXOs? It's certainly a very easy option. As I said, it is incredibly easy to run Sparrow from your own node and also incredibly easy to route any external traffic via Tor, which means you can use Whirlpool completely anonymously and completely trustlessly. And of course there is no risk of being censored with Whirlpool like there is with Wasabi. If you want the best coinjoining method out there then JoinMarket is where you should go, but it remains harder to set up and use than Samourai/Sparrow. It's not for me. It's about Canada's Trucker's Protest, which I consider both a success and a failure for Bitcoin. It's a success because Bitcoin was chosen as an alternative for centralized donations sites, but it's a failure at the same time because the government could sanction a public address, follow the coins, and make it harder to use those coins. I believe BIP-47/Reusable Payment Codes might help gain anonymity and privacy back, which is implemented in Sparrow Wallet. But I haven't tried it for myself yet, that's why I'm asking you. |
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Or just use a coinjoin implementation which is not actively coordinating with blockchain analysis, is not anti-privacy, and is not pro-censorship.
JoinMarket remains the best but also the hardest for the average user to use. So for them they can either download Samourai on mobile or Sparrow on desktop and use Whirlpool.
Sorry, might be off-topic, but I'm curious, do you frequently use Sparrow Wallet? I have it downloaded, but have yet to install it, to try their implementation of BIP-47. I just want to ask about your personal experience in using the wallet, and in your opinion, if it's good to use for public donations to avoid the sanctions that happened to the Trucker's Protest wallet. |
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With such a small deposit you can't expect much. After how many days do you want to return the money to your wife?
That's a good enough amount to start trading, but the OP's mistake here is that he thinks trading is an easy way to make money and will pay back his wife when he makes a profit. It can be said that this is the mistake that most beginners make because even top traders have no guarantee that they will always make a profit when trading. By the way, I want to tell OP that taking your wife's money is not good, if you want to participate in the market, make your own money and invest in it. Cryptocurrency investing or trading is very risky, so invest only the amount you can lose. If you invest without knowledge, you are gambling, and that will only make you lose. when i would be still a noob or having that zero knowledge on trading on which it would really be just sufficient because its not on how big the capital you do have but rather its the sustenance that you would be making on prolonging yourself into something which we know that it wont really be that simple specially on dealing with this unpredictable market. It is really that on wrong perception that the bigger the capital the bigger money you would have or speaking about profits which is really wrong. The target that we should really be thriving for is on how you do able to make your capital way more bigger and lessening up the losses or errors you do make. I believe we as plebs should go for bigger, and try to make life-changing money, while Bitcoin's market is still inefficient. Because the current market conditions of high volatility and high demand might not continue going on forever. I'm not suggesting that you steal your wife's money, but do try to get more capital and purchase as much Bitcoin as you can, and HODL. |
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But gold and treasury bonds are boring as fuck. If bitcoin trades like these assets then it is volatility will go down and that means bitcoin may stay flat for years. See the gold price chart it is disgusting. It is barely above 2000 bucks and it was already at $1800 in 2013. 10 damn years lost on this if you bought this in 2013. I don’t want bitcoin to be like gold tbh. I don’t want bitcoin to be a boring boomer asset.
For investors, no one wants that to happen, and that's also why we invest in bitcoin more than gold. The higher the volatility, the more profitable, and I really hope bitcoin will always hold this factor. But it is difficult to say what will happen in the future, and as we have also seen, the volatility of bitcoin is gradually shrinking. The returns in recent years have started to be smaller than in previous years as bitcoin has gotten bigger, but in return, it has become safer than it was in years past. The Bitcoin market might only have one or two cycles more before it truly matures, and becomes a "boring market" like Gold or the Brent Oil market. I can't say that it will absolutely happen in one or two cycles, but just like your observation, it becomes a higher probability after each cycle. BUT, I believe there's also some probability that the next bull cycle might be the same as 2015 - 2017, when the Federal Reserve returns to QE/BRRR-Money-Printing. |
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Now there is news from India that Indian Rupee has also gone up to become global currency as 18 countries have agreed to trade in Indian Rupee. This announcement came in the backdrop of the commodities crisis due to sanctions imposed by US and EU on Russia due to Ukraine crisis. These 18 countries include: Botswana, Fiji, Germany, Guyana, Israel, Kenya, Malaysia, Mauritius, Myanmar, New Zealand, Oman, Russia, Seychelles, Singapore, Sri Lanka, Tanzania, Uganda and the United Kingdom. This move will help importers in Indian to import goods by paying in Indian rupee. India is taking full advantage of current wave of de-dollarize, as India is one of key ally of Russia. I don't believe that the U.S. Dollar will be "ditched" and removed as a global reserve currency unless we see the MAJORITY of people from the U.S. and other countries wanting to migrate to China, India, or Russia in order to earn their salaries in those countries' salaries. |
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So he is finally back at break even. Very crazy how he started out with a good dollar average and then by buying high he put himself in a huge bad bag holding position for over a year. Very glade that he wasnt margin called below $20K like many said he would.
Now we just need to make sure he doesn’t start dumping. Due to the state of the economy he might be forced by his shareholders or management to lighten his load and scale out. If we see that during his earnings report then I’ll cause a sell off obviously.
He will never sell! Chad Saylor's Bitcoin "gamble", if Bitcoin surges to six digits/near seven digits, will probably be written in history books as one of the greatest investment decisions of all time, possibly comparable to those great investing barons of the past like when Cornelius Vanderbilt bought most of the rail road companies when they were in a DIP. |
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I wants to begins trading but I don't have money in coven, I took my wife's $200 to put it into trading wallet pending where I will do good in trading returns my wife's's money. Could this be enough to start trade?
Did you really do that? Hahaha.
My wife's mum's has suspect me of taking my wife's money and she didn't know I have already confess to my wife but my sweetheart doesn't wants her mum to interferes in our family matter that she knows am the one who took the money.
Hahahaha.
So what do I do now that the money is legal in my hand?
My serious answer is, you should return your wife's money, get a job a second job and get another source of income, then save as much of the monthly salary as you can for buying and HODLing Bitcoin. But if you don't want to return your wife's money, and you don't have a job, my less serious answer is gamble in a shitcoin, and pray you can get 100x, then use the profit to buy and HODL Bitcoin. |
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there are a few other ways to protect a trezor.
but this one is nice.
It could also give the user of possible options in how to store all of their physical back ups. I hide my back ups in different parts of the house, hide one in the car, hide another one in my parent's house, and now with the Waterproof Crypto Wallet Case, I can hide one in the toilet tank! |
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Little progress report: The high fee unfortunately is "normal" here and that's something we're constantly improving and there's a lot of room for improvement there. Privacy getting lost is what does not seem normal, but a bug. It'd be only normal if the users would be the largest participants in the rounds, but that's not the case. I took a look at the only modification we've done for the release: #10100 and it does not seem to be the culprit, because it barely affects anything and I tested against some wallets. https://github.com/zkSNACKs/WalletWasabi/issues/10462#issuecomment-1501026369High fees for WasabiWallet = Impractical It will currently be cheaper to accept the slippage and the fees to trade through BISQ for a coin like Monero, and get better privacy for making your transactions in it, then converting back to Bitcoin if needed. |
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The introduction of inscriptions on Bitcoin’s mainnet made the creation of Ordinal NFTs on the bitcoin Blockchain. I have read lot of negative comments about the effects of Ordinal NFTs on Bitcoin Blockchain and so I would like to know why it was still created despite negative effects it can have,Although there are some positive comments, The negative comments are something that can cause stressing issues later on.
In short: greed. Some people got carried away with a possibility to sell monkey pics to gullible peeps, that's all. Miners got excited too as they're earning extra buck for processing spam transactions. Again, it's greed.  Anyone could call it greed, but to put it more simply, it's actually just Incentivization. In a decentralized system such as Bitcoin, to have everything constantly working and sticking together, the miners must be incentivized to do their job, or be penalized if they failed or if they didn't do anything. Excellent post. While my first thought is to bat-slap serveria.com for saying miners are greedy, you managed to make a much more intelligent reply. With all due respect, a bat-slap doesn't encourage learning ser. I believe many people make such comments because there's simply a misunderstanding on how and why Bitcoin actually works. I also make the same mistake sometimes, and I need to be taught, not bat-slapped. As I type I am mining with 3 other people one 3 locations. Due to mining we have built a 280 kwatt solar array. and a 45 kwatt solar array. These produce about 1.25 megawatts a day. This is real wealth created by BTC's financial incentives. I love NFT's and Ordinals for the ability to continue to incentivize mining of BTC. I am 66 I so wish I was 36 as I know mining coin with my partners will allow us to build more solar arrays as long as mining continues to sweeten the pot so to speak. If I was 30 years younger I would operate a bit differently. I see all of this as Satoshi's idea of turning energy into coin. So I am pro mining my biggest issue is many people do not see what I see. BTC could be used to help pay for 1000 megawatts of solar every year. Throughout USA and rest of the world. Below is great adventure in New Jersey Notice only ⅓ of the parking lots have solar. One of my partners has the service contract to keep the panels they have running. He has talked with them on and off about expansion to more of the parking lots. One of the talking points is they can earn money mining when the park closes from Jan to April.  Now we see mining for what it is watts turn into coin. As solar business is real and working we rather BTC stay on top of things and figure ways to keep its rewards and fees for mining. But to be honest scrypt algo since 2020 fall which is around 2.5 years has been better for us than BTC.
mining LTC/Doge makes more $$ per watt than mining BTC. And here we have a thread with many people arguing against putting more reward/fee money for BTC Our main business is not mining. 2 of us own warehouses 1 of us owns a solar business 1 of us me is a retired Navy veteran So attacking ordinals and NFTs simple makes us diversify into Gpus and Scrypt. We are very green and want to be more green. Rather than hurting us simply attack miners that do nothing to make the industry green. one last thing is if all mining dies and all coins die, we will still have solar arrays with 20 years left on warranty making 1.25 megawatts a day which is about 1250 x 14 cents = 175 dollars a day in power or $63,875 a year But with Ordinals bringing more demand for block space = higher fees, and possibly also bringing more demand for Bitcoin itself, would you say that "mining LTC/Doge makes more $$ per watt than mining BTC" is more seasonal? |
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I have a shower-thought-question for the readers of this topic. From and investor's standpoint, does Ordinals make you more bullish, or more bearish on Bitcoin, compared to 6 to 12 months ago?
Pros - Ordinals may bring more demand for block space, more rewards for miners through fees, and possibly also bring more demand for BTC.
Cons - Ordinals may be used as an attack vector for spamming the network, it stores dick pics and fart sounds in the blockchain, and it could open other attack unknown vectors.
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