However, many have commented on John's death, the most talked about being that his identity was leaked to everyone
Bruh, he was doing interviews for Forbes!!!! It's not about leaking identity it's about not entering unknown cars in the middle of the night! Lol at one of the comments: Here are the angles:
He & His Brother founded a Cryptocurrency company in 2019, trying to help give “people from developing countries access to the cryptocurrency market.”
He recently got divorced.
He recently got engaged.
He married his ex-wife twice.
He has 7 kids.
He graduated from a medical school in Barbados.
He’s been an ER doctor for 15 years.
He lived in a Luxury RV in the parking lot of the hospital.
His body was dumped in The Ozarks.
He gets into a random car near a swimming pool, then gets back out of the car.
He leaves two phones in his car. Let's add that his onfocoin turned into nothing being basically dead https://coinranking.com/coin/8A9wGGomi+onfo-onfoSo I guess there is a lot more than hiding your identity online, I'm betting on first being not doing drug deals in the middle of the night! |
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Is it that the Buy link is an ads? But it doesn't look like an ads.
I'm really surprised you don't know how these things work. There are hundred of websites around the internet that offer you to buy or sell cryptos via their platforms but when you go one step further you will see the exchange is provided by another service. Some use white-label websites which are basically a copy of the exchange but hosted on their domain and they get % of the fees. https://support.moonpay.com/hc/en-gb/articles/4406209996049-How-do-affiliate-payouts-work-Once a partner has completed KYB (Know your business) with MoonPay, we can enable them to charge an additional affiliate fee on top of the MoonPay fees - if they so wish. Typically, the added fee ranges from 0.5-1.25% and if at any time a partner wants to adjust this or the payout address they need to inform MoonPay's Partner Success team.
Once you have generated at least $1,000/equiv. USD of commissions, we will automatically send the funds to the payout method of your choice (see list below). But at a 4.5% min. €3.99/£3.99/$3.99 fee for cards I think there are better options out there. |
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How nice of you, after 3 years on this forum you finally shared your knowledge with your sister. And obviously, it's far better since this ain't one of those fantasy merit fishing stories! She told me that she is interested to be a Bitcoin user. And already she started to keep some money from daily pocket money and after that she will invest in Bitcoin.
That's not being a Bitcoin user! What you have told your sister is that Bitcoin is money-making machine into which he has to pour her savings to get moar money! Which as always will have catastrophic effects for a lot of guys going this path if we enter another bear market and not a bullish season like everyone is expecting. I still can't wait for a topic of somebody telling their relatives about Bitcoin on how this is censorship-resistant, how it works 24/7, how nobody can ban you from using it, how it allows you to pay somebody a continent apart, how you can store it safely without anyone ever knowing and not once mentioning the price or making rain money with one quarter. But I guess that would be a surprise even for users here! |
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China and Russia were the very first countries who started this movement and some other countries also followed suit, if all countries start creating mutual trades in their own currencies then USD might not be the same and it might not hold the same power anymore.
The USSR was the first country that tried it. How did it end? Well, rather than the dollar falling the USSR is no more. What almost everyone that claims all day for the dollar to fall forgets is one thing, the dollar grew into this position because of economic power and trust, nobody is putting a gun at camping managers here to base their campaign on the $, why do they do this and not choose yuans and rubles? Why wouldn't any Indian want to be paid in a rupee equivalent or any Argentinian to be paid at a peso flat line? Let's make a poll here and check how many of us know the current price of Bitcoin in yuans, rubles, rupee or real? Those figures will show just how much the real population is on board with the idea of dedollarization. For politicians, it's simple brag all day about nationalism and making your currency strong, getting rid of colonialism, of the bad influence of the West, it's free votes, but when you check their bank accounts they are full of dollars and euros when you check their assets it's shares in western companies and houses in Europe or North America. Rather than the great dedollarization one should call it the great Delusion! Russia is capturing the Dollar market fastly
And then you woke up, you went to the bathroom and you threw up all that Russian propaganda that made you lose your mind.  |
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So, you've exposed this "scammer" by making a post on Twitter calling him a scammer?
Second, aren't you getting tired of creating accounts over accounts and stupid topics after stupid topics?
You're already at the hundred mark with those, just give it a rest, nobody cares about your gibberish accusations anymore!
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1. no, if we are heading to deflation. prices of goods & services must be going down.
if we do that the bank must reduce the money supply and they should raise bank interest rates.
The complete misconception is that an increased money supply will always trigger inflation! Japan is the perfect example of why this doesn't happen if you don't have consumers spending that money. Let me give you a clear example - the government throws $1000 at everyone, every single citizen rushes to buy stuff, consumption doubles, there aren't enough products on the market so obviously prices go up as we have seen after covid, we have inflation - the government sends $1000 but every single citizen deposits this in the bank. There is no increased consumption, there is no imbalance in the market, there is no extra demand, so there is no inflation! Is there any country in the world today that is experiencing deflation in this era that we are facing?
Before the spike in energy prices that was Japan, they are actually welcoming this inflation right now cause they have tried to trigger one unsuccessfully for a decade, for example, the BOJ is still keeping interest rates at 0% even now. But the truth in my eyes is not. And if I compare it with China, the situation of both of them is quite far. Because the U.S. is deep in debt and the inflation in China can be said to be under control in my opinion and observation.
China is deeper in debt than the US. And China can't print $. https://www.bloomberg.com/news/articles/2023-05-08/china-s-debt-to-gdp-ratio-rises-to-record-279-7-on-credit-boom |
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Bitcoin is still undergoing development and the two soft forks that happen in Bitcoin development is somehow related to minimizing transaction fee. If we look at the history, Bitcoin first implemented segwit. A bitcoin update that reduces the size of transaction, thus making transaction fee lower. Then comes taproot that further reduce the transaction fee. Before the ordinal issue, Bitcoin transaction are cheap, until someone uses BRC 20 token to congest the network and eventually increase the transaction fee exponentially.
You have to realize how minimal those gains were when we're talking about global adoption. Even with the extremely small size of brc20 minting that pushed the number of confirmed daily transactions to a record of +600k, it's still on average around half a million, Mcdonald's has 70 million customers a day, just as an example. If a 2 million tx made out of ordinals ravaged the network this badly, how are we going to deal with a million users daily? This problem has existed for many years, and Bitcoin is still the #1 coin with no competition. Countless coins claimed to have solved scalability, and they are in dust now.
Maybe because what they fixed was not actually what people want? The market hs shift is terrible, there is less and less action on blockchain that has a counterpart in the real world, we have insane flows that are basically just people sending coins from and to exchanges, and in the case of altcoins through that defi and "investing" platforms. The other coins have failed because they failed as an investment tool, what they offered was simply in no demand. Now, what if Bitcoin hadn't had this problem at all, maybe we would already be further down the road of adoption? |
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Well, currently there is no more than a $3 dollar transaction fee and you are saying people have to pay $30 dollar fee on 10 dollar worth of transactions. You can check for yourself from the Bitcoin Fee Graph that it was in the previous month when the fee reached to 30 dollars but after that, like after 18 May, the fee begins to reduce and now it ranges from 3 to 5 dollars if i am not wrong. And, i think it is still not that much for those who are making millions of dollars of transactions because they are still paying less than 10 dollars (max) to transfer funds from wallets to other wallets or exchanges. This is just a simplistic and overly optimistic take. There are a couple of issues with this take and a lot of people ignore a ton of problems: - you can't always use just one input if you constantly deal with BTC, at one point you will have a ton of dust that you will need to consolidate and it will cost you twice as more to use that. - when you pay with BTC there are cost for the seller too, he does receive the BTC free of fees, but he MUST USE them, so he will pay also to move that money, even if it's consolidating, moving to cold storage, moving to an exchange! But the worst thing is the take that all you have to do is wait, seriously? That was supposed to be an economically viable alternative when you have to wait for weeks to make a transaction that is finally cheaper than a WU transfer? Oh, but it's good for people making millions and moving millions every day! Suddenly from hating the bank and the rich elite controlling the economy, now we cheer for a solution that is 10 times more expensive than a CC but it's doing great at moving billion for a bunch of dollars This is copium! Pure 100% fentanyl free copium! Bitcoin needs to scale! That's it! Simple! |
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Not saying one part of the world is better/worse, but looks like the U.S players have a lot more cash they can't put elsewhere, they see things that the Chinese couldn't see, or, they just don't know what the hell they are doing, the last is the least likely, but I am still positive that some large U.S miners will be rekt by next year.
The sheer amount of money US investors can throw at everything is just mind-blowing, they can throw money, see the business failing, throw more money, see the company going bankrupt, and even during restructuring again another shitload of money dumped in it. I think that all of those riot, mara, hut8, all of them combined are just a speck, peanuts money in the whole grand scheme. 1 million S19 XP Hyd are 9 billion, for comparison since Elizabeth Holmes just went to prison, Theranos at one point had something between from $400 billion to $1.5 trillion in cash at their disposal according to court docs. This is fresh from Mara: “In May, we increased our operational hash rate 9% month-over-month to 15.2 exahashes, and we increased our installed hash rate 13% month-over-month to 20.1 exahashes. With the construction of Applied Digital’s facility in Ellendale, ND progressing and optimizations across our fleet continuing, we believe we are on track to reach our 23 EH/s target near the middle of this year.
In May, approximately 5,500 of Marathon’s Bitcoin miners (c. 0.75 EH/s) were newly energized at Applied Digital’s facilities in North Dakota. Approximately 5,300 S19 XPs (c. 0.72 EH/s) were newly energized in Ellendale, ND. The remaining units were energized at the Jamestown, ND, facility, where Marathon’s first domestic deployment of immersion mining is well underway.
If farms were able to deal with the slump to 5-6 cents per th/s last year then it's pretty sure they can deal with this in the future with cheaper electricity and far more efficient gear. So, worst-case scenario we could go about 30-40% in advance to any price growth in difficulty. Oh.. not mentioning that fees still make 0.25 - 0.5 a block, despite the weekend. |
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What does it matter whose wallet it is?
You said it was your wallet! Those pictures you've posted show the reward from the first 3 blocks in Bitcoin history. This means you must be Satoshi, and as I'm quite unsure about your knowledge, let me explain further, this means you must have created Bitcoin! After all, I have the dat file. all we have to do is crack the password?
Yeah, that's all you have to do! So, drop the act, how much have you paid for it or how much are you going to ask a noob to pay for this garbage? |
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snip
Don't force yourself to write four mandatory lines if you don't have anything to say! Thinking backwards a bit, what if they continue to oppose bitcoin? And this story turns positive or negative for the crypto market
In what dimension could a continuous ban from China be a positive thing? I think its too early to say the market didn't change when the Hongkong start. Some are saying that it will need 6 months to see the effect in the market.
This is not about HK it's not about their laws regarding Bitcoin but about the whole Chinese economy that is starting to suffer right after the most anticipated economic event in the last years, it's roar back from the lockdowns, which turned into prolonged suffering. HK laws or HK acceptance are a speck in the global economy if China's output drops further, it's like comparing 10 guys going to Salvador beach with the FED rising rates, two things different by orders or magnitude. I don't think a lot of investors buy Bitcoin because they believe it will protect them from inflation, it's just a narrative for promoting Bitcoin. The actual reason is that people believe Bitcoin will be worth more in the future ...
Here you contradict yourself. Buying things that will be worth more in the future is the way to hedge against inflation, as long as the percentage increase exceeds it. In other words, if cumulative inflation over the next 4 years is 20%, the assets you have that equal or exceed that 20% in cumulative return have served to protect you from inflation. He can still be correct. A true hedge against inflation must work at every single moment, if inflation is 50% a year next year it must be worth 50% more, if inflation goes 30%,40%, or 50% it must follow this by at least the inflation rate to keep being a hedge against it because you need it at every single point in the future to preserve the value. A long time investment doesn't need to follow these steps, it can go down in value by 50% next month and can linger there for years, as long as in 4 years it goes 10x it has earned you profit even against inflation, but with a difference, it hasn't been able to do this for every single day. So if you're out of luck and you need money you're going to have to sell it at a loss before the spike, and that's not really protecting you from inflation one tiny bit. |
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This past May 31, the Fed continued to raise interest rates. And the reason is "Bitcoin Recedes to $27K as Fed's Mester Favors Unabated Tightening" Because the Fed said, It's the other way around, it's not the reason, that's the consequence. New bank failures will positively affect the price of Btc.
And if those don't come? Bitcoin was doing great when the economy was doing great also, both the inflation and the war haven't helped the prices that much, so are we going to cheer for an economic disaster every time we want the price to go up? And after the halving, the price of Btc should be more expensive, otherwise the stock prices of companies that are engaged in mining will fall.
And? Miners have gone out of business, mining companies have gone bankrupt and others have begged investors for millions to keep them afloat, it's not a general rule that after the halving we need prices to get x2 to keep miners running at the same levels. This is not OPEC that can play with the output, if there will be no demand to rise the price to 60k it's bye-bye for most miners after the halving. |
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How does the cashback work, though? Is using a centralized app to pay in BTC required?
To clear the confusion once and for all, the title of the topic is misleading!The discount only applies when you pay with LVGA! LVGA is a centralized token, it's pegged to the Swiss franc, it's impossible to convert on any exchange as it's impossible to transmit outside your app, it's basically PayPal money or Starbucks credit. The promotion has nothing to do with Bitcoin, : https://my.lugano.ch/en/MyLugano uses LVGA, a local payment token based on blockchain technology, to create a concrete incentive and thus support spending in the city. By downloading the app, users receive up to 10% cashback paid in LVGA to spend on subsequent purchases in the city.The partners , by releasing the cashback in LVGA, create a loyalty bond with the customer and help to keep the cashback money in the city, creating a virtuous effect with positive spillover effects on the entire city economic circuit. So this is shitcointalk material. It is not a scam, just like i have explained in my previous posts in this thread. The LVGA stable coin doesn't have any value, it cannot be used outside Lugano, and its only use-case is for making payments to merchants within Lugano. This stable coin is backed by the Swiss Francs, so it is more like you are just spending fiat, but in a digital way; the initiative is clear and open for people want to take advantage of it, you are correct that it is not really about BTC, but it isn't a scam.
You do realize you're cheering for a CBDC centralized, fully censorable, mandatory KYC, not your keys, not your coins shitcoins here, right? |
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So it's been proven o et the time over and over again.
When Fed rates up .... it's BUY
When Fed rates down it's SELL
Proven? The first FED rate hype happened in March 2022, BTC price was $42 000k then by your advice you would have continued buying when it is clear the best course of action would have been to dump it all. So, back to the drawing board for you and drop the master from the username, n00b is far more fitting taking into account the number of stupid topics you're making around here. It's part of everyone's growth. We tend to make mistakes and we learn from it.
Learning from the mistakes is just a part of it and it only offers some comfort, when you lose all your money in some stupid pump-and-dump scheme you might have learned to not touch shitcoins again but with all your money gone there is no way for you to apply the gained knowledge in trading anymore. |
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Child support from the state is not payed out of taxes of other people!
Example - Germany:
That means an average expected future tax payment of ~600,000,000,000 Euro per year. For that credit-worthiness the german state is getting a lot of credit (money) from the banks! Through these credits the (german) state CAN generate a lot of profits. And from these profits child support from the state is payed for children, which parents cannot pay child support.
Completely flawed view. First, there is no "bank' that suddenly offers loans at zero interest to the German government, second, you're mistaken about the whole creditworthiness, and what's even worse you assume somebody will just lend a country money just because it will have children. So, why isn't this working in Nigeria or Bangladesh?  They could have trillions. The other problem is that the government can't make money out of thin air if it gets those loans without devaluation, it can only get those back from taxes paid by the citizen, even if it were to invest in highways or schools or industry, the revenue will still be in taxes, still paid by the average Joe well before the kid will get his first job. But most important you've forgotten about secondary benefits, Kinderfreibetrag and Kinderzuschlag and Unterhaltsvorschuss. These are not like credit granted by some unknown entity and in one case are actually tax deductions, completely invalidating your theory. Also, 600 billion per year? Lol, yeah! so 1/3 of the budget is made out of future loans. Common! Could we tokenize the synthetic asset of "average expected future tax payments" and bring it back in the hands of the people? Basically we could create "crypto token" for "average expected future tax payment" and give it the children to economize their own child support.
How about not?! Let's stop tokenizing and creating shitcoins for every single thing just because it sounds trendy or cool or promises flying unicorns farting honey? You're basically proposing money printing, at birth for each child to get 700-800k euros because yeah, printing money out of thin air solves everything! Why even stop there, let's give them 1000 trillion, let's create a school token worth 50 trillion or their education, let's create some other 4 billion food tokens and some 100000 quadrillion toy tokens cause it's to ease, just give people money and everything will be fine! Do you have another ideas?
How about not trying to fix what is not broken? |
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I think the inflationary pressure on most of the Fiat currencies will still outweigh whatever price reduction is recorded in commodities. And don't forget that the industries or attentions could move to least affected countries to fill up the demand gap.
You're mistaken things, industries will not move to other countries when there is no demand for their goods in the first place, neither local nor exports, industries move because of favorable locations and low wages and!! because of demand there. Not the other way around. IMO, China reopening is a big step in increasing the acceptance of cryptocurrencies like Bitcoin.
Just as much as the gate to hell opening will mean a lot of devils will buy into Bitcoin! Seriously? China and Bitcoin? I will personally preferred the deflationary consequences on the economy than having inflation which has been a consistent reoccurrence in most economic settings, but the issues with deflation is that the government got affected than in inflation where the people are the ones affected most, we cannot do without having the encounter of either of the two in a standard economy, but in place of China, if it has developed a racial economy ties with other countries in collaboration, the rate of this consequences would have been reduced oner going deflated.
Deflation sounds good on paper, in reality, is a nightmare! You think only of your current wage and how much you can buy from it monthly but deflation will sap n t the value of all your assets, your house will be less, your assets will be less, your stocks will be less, and everything you own will be worth less than before. It might sound good if you live paycheck to paycheck but in reality, not even there it's all rosy! |
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But for bitcoin, nothing will be revealed relating to you by merely seeing your address.
This is a mistake! Nothing can be revealed when you just post an address that has either zero balance or that you have just deposited some coins from a really private source, like a mixer and that's it. The moment you start using the address that has been linked to your profile and the more you post about your profile, with every single action your privacy gets eroded till you will not be safe anymore, and in extreme cases it might be even worse than a bank. Let me give you an example, of how badly this can turn - you purchase from that address a hard wallet since a ton of chain analysts can label almost all business and value at the moment of the tx, they will see you have made a transfer of the exact value of a Ledger Nano X. - Ledger does what it knows best and leaks the data again So now everyone can link all the addresses that have paid the price of a ledger wallet to the addresses posted online on social media, and here you go, addresses bc1xxxx, with a balance of 100 BTC which is tempting to any thief has a user that is from Shangri La and here you go, the address, your phone number, and everything are now tied together and your privacy is gone, forever! And it's not just that complicated, you order a simple pizza from that address, the pizza store owner knows your apartment address for the delivery and knows from where you have paid him, from now he can have a new hobby, let's see what this customer of mine has been doing, oh, he just withdraw 20 BTC, half a million from ana exchange...Hmm, I know a few guys!!! |
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So, should I accept that Bitcoin has now become an established medium of exchange and savings, and just include videos about it in a general offgrid camper channel? The alternative would be to create a dedicated Bitcoin channel, and thus have to compete with all the established Bitcoin channels.
Just talking about the fundamentals of Bitcoin won't help your channel gain traction as you've already guessed. You will either have to come up with sensationalistic clickbait titles and stories, out of which you have to invent 99% of them, or simply deal with the fact that you can't get hundreds of sounds of subscribers and cater to a smaller community. So I would definitely pick the second choice, of combining Bitcoin with something different, now you get a second niche, you get more material and you get to show different things, people get tired of a guy simply talking in front of the camera like the old tv days, they need diversity. I've also got a problem with the new GA4 Google analytics. Should I include my Bitcoin websites in my Offgrid Camper property, or, again, would it be better to have a financial property for Bitcoin?
What do you mean by a financial property for Bitcoin in this case? |
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Had to chop the title so it really sucks but I can't do better right now!  With everyone focused on the debt of the US, the freezing Europeans, yeah lol, there is some really bad news on the horizon and for all sides in this game. If a slowdown in the Western world could be explained by jumping energy prices last year, prices that have since gone down to 2013 levels when it comes to pipe gas, in China manufacturing is dropping right after the reopening, at a continuous pace and despite the downturn in both raw materials and energy prices, copper, coal, iron, steel, wheat, everything is sliding with the PMI alongside. So, to not be biased and using only the English version of the mouthpiece of the Chinese government: China’s factory activity growth falters in March due to weaker demand, slowing productionChina’s factory activity dipped in April on weak demand as bumpy post-Covid economic recovery continueChina’s official manufacturing purchasing managers’ index (PMI) fell to 48.8 in May from 49.2 in AprilAnd things get worse, remember this is Chinese information, so take it with a grain of salt since it might be far worse: Youth unemployment has become one of Beijing’s biggest economic headaches amid its recovery efforts, and in April, 20.4 per cent of China’s 16-24 age group were unemployed, up from 19.6 per cent in March. So no manufacturing so now jobs for the not qualified, no jobs for the young ones that have finished college, which is a different area, and this can lead only to one direction. If the economic slowdown is present everywhere, China and the Western World, manufacturing is affected on all continents there is only one culprit in sight, and that is demand destruction, and with this, there is a chance we might end in a deflation period if things don't change. There is simply no demand, and with no demand, there are two choices, prices going down, which means obvious deflation, or bankruptcies which I doubt anyone is that stupid to do before trying the first solution, but the first choice is pretty hard to do when you just had an influx of free money and the rate rises have not yet started to be serious enough. There is an interesting piece on this from Forbes: https://www.forbes.com/sites/greatspeculations/2023/05/13/more-proof-deflation-is-the-future/of course, it's just an opinion and I will from the start warn you it's a bit speculative even with the data presented but it ends with the same warning as many others on the incoming deflation, although their take on what to do and what next is really not my cup of tea. Now, slowly turning from this to Bitcoin. Bitcoin was mainly designed as a p2p way of exchanging and transmitting value, due to its limited supply it turned into a way of safekeeping your wealth and further down the line evolved into an investment! Now, assuming all the required stars align and we really head into a deflationary period for fiat currencies, how will the price of Bitcoin react, since this is the only thing that can be affected by the economy, the rest, the p2p payments, the cold storage, the be your own bank will for sure not be affected, but lately those are of less interest and the focus is on the price most of the time. For sure, Bitcoin has the required advantage to erase all fears, that is adoption, unlike other commodities it can still attract users, and since I don't really believe those hundreds of millions of users quoted by most sources right now I can safely bet in my mind an x10 adoption rate would be doable at any time from the current moment. But, the question is, will it happen in this short span with enough traction? So, to make this long story short, two simple opinions: - do you believe we're heading to deflation? - how do you think the price of BTC will be influenced if we do so? |
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And here I was, almost convinced that sanctions don't work since - Russia's GDP drops only 2.5% insignificantly while Germany's economy crashes 0.3% which is a disaster /s - Russia is experiencing deficit after deficit every month, but I was told this is normal - Gazprom is cutting dividends pay for the first time in decades, but this is also good for god knows what reason and now this shit, almost unexpectedly: https://markets.businessinsider.com/news/commodities/russia-economy-drop-industrial-output-labor-shortage-ukraine-war-mobilization-2023-5Russian industrial production fell 5% in April from the prior month, according to the economy ministry. and what a surprise, they managed to fix unemployment at 3.3%. Of course, with hundreds of thousands fleeing the country, hundreds of thousands killed and maimed for life and every single foreign worker fleeing the country not willing to die for Russian Mir, it was pretty obvious! I wonder what the long-term plan is right now, https://worldpopulationreview.com/countries/russia-populationBirths per Day 3,766
Deaths per Day 4,760
Migrations per Day -373
Net Change per Day -1,368
Population Change Since Jan. 1 -207,936 maybe kidnap some children from other countries? Oh, wait!!!!!! |
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