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1681  Bitcoin / Bitcoin Discussion / Re: G20 exploring cryptocurrency regulation on: February 11, 2023, 05:15:13 PM
AFAIK, it's very hard to reach consensus in G20 due to the nature of the list of the countries and that some are very different from others there. So when they do get to make a joint resolution, it tends to be mild to appease all these countries with varying policies. Also, I'm not sure, but I don't think their decisions are legally binding to anyone, it's more of a declaration of the general stance. I hope, actually, that they won't manage to come up with a unified regulatory framework because even India isn't exactly pro-crypto, and a few others in G20 aren't very friendly either.
1682  Bitcoin / Bitcoin Discussion / Re: Do you want to Confess on: February 09, 2023, 05:40:05 PM
If you bought Bitcoin a few days later at a higher price, that still must have been good, right? I mean, how much could the price change over such a small period of time? Or were you scammed by the exchange or something like that?
I don't have any big confessions, but I can share that I used to buy altcoins with Bitcoin during the 2017 altcoin era, which I think was a mistake. I didn't lose a lot like this, but I've made some questionable decisions no doubt.
But what's important is to learn from mistakes, not regret something from the past.
1683  Economy / Economics / Re: The fear of global recession is real or just a speculation? on: February 09, 2023, 05:17:13 PM
I think we're already entering it, and it's not just because of the war. Two years of the pandemic hit the economy hard as well, and recessions just happen from time to time because I don't think constant growth without setbacks is even possible.
Maybe it won't hit as hard as the previous one initially did, but perhaps it will be a longer period of a milder stagnation. Also, not all countries and areas of life will be hit equally. Those that seem likely to be hit harder are the energy sector and food sector. Last time it was stocks, debt bonds.
1684  Bitcoin / Bitcoin Discussion / Re: Do you think Bitcoin will lead the world currency market?? on: February 09, 2023, 04:49:32 PM
US dollar is the world accepted currency and can be used as a medium of exchange.  In the crypto world, Bitcoin is the most popular and the highest accepted currency with greater value. Different countries have permitted bitcoin for transaction and many of them are thinking so and will eventually do so. Its acceptance is gradually increasing day by day. Do you think bitcoin will be the leader of the world’s currency market like US dollar in the future?Huh
If you think about it, there are very different metrics to consider here. Dollar is legal tender (accepted as payment directly) only in a handful of countries, and it's not hard to imagine Bitcoin having more users in the near future than dollar has as money. But people also use dollar to save up money if their local fiat is less reliable, and people use Bitcoin often for things other than payments for goods and services (for example, for gambling or trading). Dollar is also the biggest foreign reserve currency used by countries, and I don't see Bitcoin beating dollar in this regard any time soon. Then there's market capitalization (or, for dollar, total supply), daily transaction volume and the amount of transactions. To talk about leading the currency market, we must first determine which factors we take into account and how we compare Bitcoin with the USD.
1685  Bitcoin / Bitcoin Discussion / Re: Teaching children Bitcoin is not in vain on: February 09, 2023, 04:09:14 PM
Children should not be concerned with earning money or be led to believe that earning money is the most important thing in life, but teaching them generally about what money is, which kinds of money exist, and how Bitcoin is different from other types of money is probably useful. Of course, it's important not to make it boring and not to force children into learning these things because then they might hate it all later, which is even worse for crypto adoption than if a child never heard of Bitcoin. So I agree about teaching children, but I disagree that the motive for it should be around investment and becoming rich.
1686  Bitcoin / Bitcoin Discussion / Re: Which countries do you think this year will adopt Bitcoin as a Legal tender? on: February 09, 2023, 03:45:14 PM
If it was a question about something more long-term than a single year, I think it would be easier to pick a list of potential countries, based on those that are already exploring the crypto-friendly approach, but are doing it slowly and probably won't make Bitcoin legal tender this year.
Predicting the next country is really hard, as decisions can be surprising, as it was with the Central African Republic, which doesn't really have enough Internet coverage for proper adoption IMO.
I won't try guessing a country, but I think the region of Latin America has high prospects in this regard. The president of Argentina said in 2021 that he's open to the idea of Bitcoin as legal tender, and Brazil is already pretty close to BTC as legal tender as well.
1687  Economy / Economics / Re: A steady source of income is a man's bottom line to support his family on: February 08, 2023, 05:28:39 PM
I am sorry for your friend and what he's going through. I hope he'll manage to find the right job for him, which will pay enough.
I do agree about the lesson because earning money regularly, but I think it applies to any responsible human being, not just to men. I also agree with mk4's point about multiple sources of income. I currently work as a private teacher with various students, and I feel good about being able not to worry if one of them decides to stop our lessons or if I find it difficult to work with a particular person. Different sources of income give you more freedom, but it's also a challenge of its own to plan your week, do different tasks under different conditions, instead of just focusing on one job and a fixed schedule.
1688  Economy / Economics / Re: Saving is Wasting? on: February 08, 2023, 05:14:08 PM
Saving in fiat often means wasting a significant amount due to inflation. I still think it's best to have money for at least a couple of months worth of expenses if you need or really want to go on a trip, lose a job or something like that. So saving up some money makes sense to me, just as a little back-up which is often needed in the contemporary world. As for more, I believe investing is alright if you want to try it and are okay to take the risk, as you must be ready to lose it. I understand that it's hard to work as a student, but that you also need some money anyway. If you want to save up for some meaningful change, such as starting to live alone or becoming more independent, I think it's worth it.
1689  Bitcoin / Bitcoin Discussion / Re: What is the best way to earn with your idle bitcoin (if there is a way anymore?) on: February 08, 2023, 04:51:05 PM
Even if there is a place where you can stake your BTC for a few percent per year, I honestly don't think it's worth it. One reason is that it's risky to keep funds on a centralized platform because not your keys, not your coins. Another reason is that Bitcoin is so volatile, that those tiny profits in percentage are honestly negligible. I'd say there still is a great way to earn with idle Bitcoin, and it's just called hodling. It's safe, relatively reliable, and very simple. Other things are IMO not worth it. Even a big reliable platform can crash at some point (be hacked, perform an exit scam, go bankrupt, etc.).
1690  Bitcoin / Bitcoin Discussion / Re: Gavin Andresen calls it a "mistake" to trust CSW on: February 08, 2023, 04:03:12 PM
History can't be rewritten, but it's important to recognize one's own mistakes, both personally and publicly. Given the significance of Gavin himself (especially before he chose to support Bitcoin Cash, which undoubtedly some saw as a bad decision), his support of the idea that Craig is Satoshi was a significant point for Faketoshi believers. It's great that he admitted now that trusting Craig was a mistake. And while he didn't say that he no longer believes Craig is Satoshi, at least he's not making guesses any more.
Sure, I agree it's overdue, but I think it's better late than never.
1691  Bitcoin / Bitcoin Discussion / Re: What is Bitcoin? openAI ChatGPT edition on: February 07, 2023, 06:28:39 PM
I've tried talking to ChatGPT, and I was impressed by its ability to support a conversation. But I also noticed that it seems to have some biases.
Analyzing the responses provided by the op, it chose to tell a 15-year-old about theft but somehow failed to mention that bank robberies also exist, or that if you store your money in your own wallet to which only you have access, and you are not careless with your means of accessing the wallet, it's impossible to hack it. And that thefts largely happen on centralized platforms like exchanges, which with Bitcoin you can avoid, while with digital version of fiat you cannot.
It's also a bit weird how it tells you about the benefit of privacy only at 50 years old, as if a 25-year-old doesn't appreciate privacy or can't understand it. Same goes for lower transaction fees.
1692  Economy / Games and rounds / Re: Sportsbet.io - UFC 284 - Multi Master Challenge - (Saturday) on: February 07, 2023, 06:19:54 PM
13. Islam Makhachev
12. Yair Rodriguez
11. Jack Della Maddalena
10. Parker Porter
9. Jimmy Crute
8. Zubaira Tukhugov
7. Joshua Culibao
6. Kleydson Rodrigues
5. Jamie Mullarkey
4. Jack Jenkins
3. Loma Lookboonmee
2. Shane Young
1. Modestas Bukauskas

NOT go the Full Distance 4
1693  Economy / Games and rounds / Re: Bitcasino.io 💜 — Bitcoin Predictor February 🚀 15 mBTC total prize 🎯 on: February 07, 2023, 05:45:51 PM
EUR 22,180
kryptonomous
1694  Economy / Economics / Re: America's Egg Shortage Is About to Get a Whole Lot Worse on: February 06, 2023, 04:37:33 PM
The current bird flu is pretty serious, and I think a serious shortage of eggs and/or a huge increase of the prices are possible. I think this might be the first time for many people to learn about the harsh conditions the birds are kept in, and the brutal policies used and, I suppose, required, to limit the spread of diseases (if one bird in a whole compartment is sick, all others are killed along with it).
Hopefully, this will lead to better regulations that ensure birds have more space, even an the expense of the higher price.
Also, there are plenty of plant-based alternatives to eggs for various cases, so perhaps people will get to explore them more in an event of a shortage.
1695  Economy / Economics / Re: I don't see this changing anytime soon on: February 06, 2023, 04:15:26 PM
The problem is that one-time events don't fully discourage humans from doing anything. This is just not how we learn to react to events, as a majority, and the general mechanism is even useful. There've been tragic car/plane/ship crashes, mass shootings at schools in the USA, and lots of other major events. But people continue to take kids to school, use various means of transportation, etc. If we didn't, life would be so much harder for humanity. So here comes a scam/bankruptcy of an exchange. It's a bad event, yes, but people are also very use to exchanges to abandon them, and since this crash didn't trigger a series of many other crashes, it can still be perceived as an unfortunate but unlikely event, thus not motivating enough to avoid centralized exchanges.
1696  Bitcoin / Bitcoin Discussion / Re: Lost Bitcoin? on: February 06, 2023, 03:41:38 PM
I remember a Vice News video that explained they presume coins that weren't moved for 5 years were lost. I thought that it wasn't long enough, as while lots of those unmoved coins might be lost, it's not unthinkable that someone just won't move their funds for 5 years and would continue hodling. Still, the op's suggested 2 years barrier is even lower, and I hope estimates of the amount of lost coins don't use it. I wish those who write articles like 20% of BTC is lost or 30% of BTC is lost would come forward with such info as how many years they take as their criterion.
1697  Bitcoin / Bitcoin Discussion / Re: Bitcoin History, Philosophy, And Prehistory on: February 06, 2023, 03:25:04 PM
I've looked through the course, and it seems pretty cool for people who are relatively new to Bitcoin. It's short enough for many people to get involved, and also covering very general useful topics, instead of focusing just on one aspect and diving deeply into it.
I've looked into the website, and it seems that Saylor Academy is a product of Michael Saylor, so if the op means him as Chad, that's probably true.
But this guy is a billionaire, so he probably doesn't need a hand in making his course popular, and he is also weird and not consistently pro-Bitcoin. While he is pro-Bitcoin now, it seems he was very wrong about Bitcoin in 2013 (as well as about online gambling, btw).
1698  Economy / Games and rounds / Re: Sportsbet.io ⚽ Arsenal + Southampton + SPFC ⚽ (Wednesday + Saturday + Sunday) on: February 06, 2023, 03:10:06 PM
Game 1:  32, 19'
Game 2:  32, 12'
Game 3:  32, 17'
Game 4:  32, 9'
1699  Bitcoin / Bitcoin Discussion / Re: The future of CEX and no privacy world, will you still become an anonymous? on: February 06, 2023, 03:01:51 PM
Centralized services do seem to be favoured by the authorities, perhaps because it's much easier to enforce regulations upon them. The op mentioned custodial Chivo wallets and a potential of growth of the centralized exchange market, which are both reasonable predictions. In my country, there's also an example of a centralized exchange (Binance) being a part of collaboration with a network of pharmacies, so if someone wants to pay with Bitcoin for their goods, people can only pay using their Binance accounts.
Of course, such decisions motivate people to turn to centralized services like exchanges, but I am okay with it, as long as decentralized solutions and non-custodial wallets aren't outlawed. And thankfully, while outlawing them is possible, enforcing the ban is extremely hard. So it should be fine, with all sorts of companies and options getting their audience and growing.
1700  Bitcoin / Bitcoin Discussion / Re: Big money bad for bitcoin in the long run on: February 04, 2023, 06:24:30 PM
I don't think that the current Bitcoin's upward trend is related to 'whales' pouring their money in. This is a spontaneous FOMO process, triggered possibly by a lot of things, such as the prognosis of recovery of the EU economy, stabilization of the USD inflation, hopes for a better year than the one we had, and maybe even El Salvador's Miss Universe candidate wearing a Bitcoin-themed costume. Bitcoin isn't manipulated by whales, and while a bearing market tends to follow a bullish market, it happens with or without big investors, and the lowest price Bitcoin goes down to keeps getting bigger every year. It's three steps forward and two steps back, but that one step forward that remains each time is enough for progress.
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