I'm not sure whom you are talking about

If you are talking about the famous dude from Canada who has sold his house in 2014 for 600 bitcoins (he made quite a noise around the forum at the time), it was not his home. He inherited from his parents if I'm not mistaken. Then Bitcoin crashed below 200 dollars, and some people were making fun of him, while others related to him. But ultimately he turned out a winner as he just kept his coins, and it paid off handsomely at the the end of the day. Don't know what's become of him lately, though. Anyone?

Может быть все намного проще?

И доги ходят против битка не потому, что есть некий агрессивный собачник-манипулятор, а по той простой причине, что основные торги идут в долларе, а не битке? Поэтому когда биток растет, а ценник догов в долларах - нет, это необходимо приводит к подобному эффекту

Который, кстати, наблюдается только при относительно небольшом движении цены битка. Если биток срывается в крутое пике, то доги, в конечном счете, тоже летят вниз, и даже в долларах (но, возможно, не так мощно и не столь отрывисто)

Please share with us the link to that campaign once you kick it off

Personally, I'll be watching the Cryptotalk forum closely (I have an account there) but it still would be nice to make an announcement here as well. I assume many people will be willing to join the new campaign too (provided the rates are worth the effort, of course)

Video games pretty soon become quite tiresome and boring

I've been there, seen and felt that. Without real interest (read, your money at stake), you will feel exhausted in less than no time. Indeed, I don't mean online games where you can earn things which you could sell for money or which could help you boost your ego. But then they are not particularly different from such games as poker and its likes

On the other hand, playing single-player video games or such modes of these games is like rolling dice without risking anything and with no chance to win something actually valuable to you (read, you will quickly lose interest)

Что-то я сомневаюсь, что пользователей у догов сильно меньше, чем у битка

Другое дело, что спекулянтов может быть действительно меньше, но это как раз и объясняет весьма нетипичное поведение этой крипты. Как я склонен считать, в отличие от битка, у догов намного более равномерное распределение монет, т.е. основными их держателями являются как раз мелкие игроки. И чтобы два раза не вставать, 2-3 года назад и дальше в глубь веков доги пампили будь здоров. Я уже писал, что в конце 2014 и начале 2015 года очень неплохо арбитражил на данной монете

Доги абсолютно точно не скам

Причем если что-то не скам, то это как раз доги, а не биток. Это, наверное, единственная крипта, которая хоть как-то пытается ходить против битка. Когда биток растет, доги в битке падают и наоборот, в определенной мере. Это говорит о том, что ценник этой крипты определяется реальным спросом и предложением, а не исключительно спекулятивной игрой, как это происходит со всей остальной криптой. Пусть даже это реальное применение всего лишь онлайн-казино

Какая-то весьма вольная взаимосвязь

Если начать проводить подобные аналогии, то можно договориться до того, что существование карманников увеличивает наполняемость карманов прочей публики, хотя в реальности все происходит с точностью до наоборот. Народ, который вкладывается в скам, желает получить баснословные прибыли, а обманутым быть никто не хочет. Если бы не было этого скама, люди больше бы вкладывались в нормальную крипту, и от этого всем было бы только лучше (ну кроме скамеров, разумеется)

Well, I wouldn't call it so much a means of obtaining relaxation as satisfaction

In this regard, reading is like money. With money, you can spend it uselessly (like on drugs, whores, partying, or even reckless gambling, while we are at it), and you will most certainly regret this type of spending later. On the other hand, you can spend the money with some useful long-term purpose in mind (e.g. buy a few bitcoins now and then), something which relates to you and your interests as you see and feel them deep in your heart

Reading for its own sake is meaningless, it is what you get out of it that matters and counts. It is only a tool which gives you a key to new opportunities. Discovering these new opportunities, or rather concrete ways to actually work them as you read into other people experiences, is what makes reading so fun and enjoyable. It is like you are living not just your own life but the lives of other people, gaining from their mistakes and successes alike

That ultimately depends on the total supply of money and the size of the economy

As you say, a higher exchange rate doesn't necessarily mean that a currency is stronger. It just means there are fewer currency units in circulation given more or less the same size of the economies compared. To gauge the strength of a currency we should look at its dynamics, i.e. how its exchange value changes over time. So if a currency with a higher rate loses its value (depreciates stronger and faster than other currencies), this rate should go down too even if technically it may still stay above the parity

We should always be exploring new avenues for obtaining jobs

As it seems to be part of the job. Presently I'm translating for a crypto-related blog on a more or less regular basis, and I'm asked to check if the translations are unique. I see a couple of other local news outlets trying to translate same articles, and their quality is subpar (most likely, the translations are semi-automatic). I tried to contact them directly and offer my services but so far didn't get a word from either

Это не совсем так

А если быть честным и точным, то совсем не так. Ценности альты друг другу не добавляют. Они ее как раз отнимают. Если бы на рынке было всего пять криптовалют (какие именно, я уже писал), то ценник каждой сейчас был бы намного выше. Вы только представьте сколько люди потеряли во всяких скамкоинах. А теперь представьте, что они эти деньги не потеряли, а вложили в пятерку лучших, которые и так лучшие, даже без их денег. Какая была бы сейчас цена у этой крипты?

But that's how things have been all this time

Well, not about the halving specifically, of course, but just about anything crypto related. People get all worked up when the price first goes up and then goes down (it works in reverse order as good). As an illustrative example and in line with the thread topic, it can be claimed with a degree of certainty that virtually any bull run inevitably ends with a bull trap, and the higher the price rises, the deeper will be the trap. So even more people will get excited and blinded to "the realities of the market and what it can achieve in a short amount of time", as you put it

Maybe some kind of physical activity?

In fact, this is a fallback option to deal with any kind of mental stress, as well as the answer to the boredom caused by desk jobs. But I wouldn't discard reading altogether. It is an all-encompassing thing, and you just need to find what actually interests you, deep down inside, and then read into it to the hilt. In this fashion, you won't be so much relaxed as motivated (more of a roller coaster type of experience) because you will get something else from this activity other than just instant gratification and entertainment (read, it will be more rewarding in the long run). That's what hobbies are for unless your job is that hobby, but then you wouldn't ask obviously (this is an ideal situation but rarely the case in real life, though)

Honestly, this is not what I would consider a thorough explanation

Besides, I don't think that gold has any important place in our fiat-based monetary systems specifically because these systems exclude gold. It has even got into the IMF rules, I mean that provision according to which no fiat currency of the member states can be based on gold. Put differently, if gold disappears completely today, nothing in particular is going to change in monetary matters. Things will go on as usual, and probably even better. So what do you mean by "high liquidity" here?


And how is gold supposed to provide that stability?

Its intrinsic value will be constantly changing due to economic conditions changing all the time, and specifically because it has that value in the first place. We no longer live in the 12th century where things were the same 100 years before and would be the same 100 years later. The irony is that it is fiat which doesn't have any intrinsic value on its own (apart from transactional utility) which allows to remove the innate instability in the value of a hard currency itself from the equation (provided it is managed properly, of course). In a properly managed fiat system, there is always enough money in the economy thanks to built-in feedback loops which automatically adjust the supply of money to a changing economic environment


This is not so much a prediction as it is a description of events that have already transpired

Gold, or rather gold standard in general, was the cause of a continuous streak of economic crises that plagued the economies throughout the world in the second half of the 19th century and the first quarter of the 20th. In this manner, it doesn't take a lot of brain power to say that essentially the same is going to happen again if gold is to become the next money. But this time the consequences will probably be more drastic, even dramatic, up to a point of being irreversible. That's the reason why we will never get back to the gold standard unless there's something that throws us back into the dark ages (like an all-out nuclear war or whatever)


It already failed in the past, and it will doubtless fail in the future


You will get a most insidious type of communism working on an entirely new level, i.e. economic level, with people getting the slice of the pie for essentially doing nothing. And I wrote about that in my reply

Empty talks aside, how are you going to create new money with gold when the economy needs it?

Yeah, but you obviously don't take into account the consequences

Watching TV, getting hooked on junk food, and even chain smoking don't necessarily have such devastating consequences as gambling so often has. You ask me for an example which will help us relax and that will not be (as) addictive at the same time. I can instantly name one, simple and easily available to everyone. It is reading. Yes, it can be addictive too, but this addiction is nothing compared to the ones mentioned before. And it can be quite useful on its own, apart from being totally entertaining. Even reading the forum will do (just in case, you can stick to reading only my posts as there's a lot of them)

Это принципиально ничего не меняет

"Водораздел" между игрой с нулевой суммой и ненулевой проходит совсем в другом месте. Ненулевой игра становится в том случае, когда актив (в данном случае, крипта) используется для чего-то еще, а не только для спекуляций, т.е. возможна не только ситуация, когда кто-то выигрывает, а кто-то обязательно в итоге проигрывает (как это по большому счету происходит сейчас), но и ситуация, когда обе стороны в конечном счете остаются в плюсе - просто плюс у каждого свой

That's because you are likely not bored to death in life (pardon the pun)

But when you are, and don't know how to spend your time, gambling becomes an appealing option. And personally, I don't consider it any worse than any other option out there as long as you keep it that way, as a small roller coaster to spice up your dull and uninteresting life. In fact, it works just wonders

But unlike so many other options, the problem with gambling is that it is highly addictive, and most people learn it the hard way, after losing something which they didn't expect and didn't plan to lose

Фьючи пришли на этот рынок не сейчас, а уже достаточно давно

Только в отличие от золота, нефти и прочих материальных активов, которые нельзя отправить себе на кошелек в произвольном объеме, битки очень хорошо отправляются и получаются в любом количестве (были бы деньги). Я это, собственно говоря, к тому, что манипулировать рынком с помощью бумажных битков не получится, ибо местная публика очень хорошо понимает разницу между цифрами непонятно где и цифрами на адресе в блокчейне, от которого у тебя есть приватный ключ. Думаю, это основная причина, по которой (расчетные) фьючи на биток особой популярностью не пользуются - про это уже неоднократно писалось

Да, было такое время годах в 2011-1012

Но я пришел уже позднее. Первоначальный биткоин-капитал я заработал на подписной PrimeDice (это было либо самое первое, либо одно из самых первых криптоказино). Кстати, их подписная тоже была самой первой подписной кампанией на форуме, и поначалу они платили 0.4 битка в месяц - это для обычных Member, а для более высоких рангов, возможно, что и больше

А основную массу битков я наарбитражил на догах. Я помню, как за один оборот у меня получилось поднять 0.7 битка чистого профита, практически за пять минут, пока доги перекидывались с одной биржи на другую. Если кому интересно, я арбитражил на Exmo, Bter, Bittrex, Polo и Cryptsy. Так как это была очень нервная (но веселая) работенка, где-то через полгода я перешел на обычную торговлю

I for one keep a list of representatives here whom I reached out to previously. In this way I managed to get a few jobs, mostly in the gambling field. It would be interesting and beneficial for us to compile a list of important online job exchanges related to translating and copywriting beyond the forum. I encountered a few in the past but they seem to be dormant. I also procured some jobs on bits.media forum

It is a very active forum, and there are perhaps others out there worth looking into