Wow didn’t think Roboform actually still existed back then. I think I used it when I had Windows 95. Surprised people were still using it in 2013.

The way they solved the password is interesting. Imagine if you got satoshis exact laptop he used when he created the Genesis block, and changed the clock back to the same date and second. Would you also be able to generate the same private key as satoshi did? I always wondered if this was possible. However we have no idea on the exact hardware that he used.

Yes I saw it rally and I looked at the CPI print and was surprised it was only a surprise number off by 0.1%. I am thinking that the markets are just illiquid in May and they swing high and low in both directions on insignificant news.

I don’t know why they treat the monthly CPI as important when in the past we had very low inflation one month and the next month very high inflation. A better indicator would be perhaps a 3 month average which is smoothed out over the longer term.

I just don't see any mobile mining actually working long term. You got phone emulators and one can easily emulate hundreds of phones on a single AWS instance. And there is no way to know for sure whether its a legit user or not. This was tried many times in the past and never really caught traction.

Phones are also horrible for constant CPU use, just like a laptop. Its not a good idea long term mining 100% because you will stress the battery and with the constant heat the battery can swell and explode. Most phones require a battery to opperate unlike a laptop where you can remove the battery and mine directly with AC power.

Depending on which country you are from, crypto is treated like a commodity and you need to pay taxes on any earnings. Same if you mined it with your laptop in 2009 and same if you got some Uniswap airdrop. There are some countries which treat crypto as tax free but most countries are not under that category.

Consult a tax professional if you are unsure. Many exchanges KYC and they might send your documents over to the IRS or whatever agency handles taxes in your country. They have started to crack down lately because too many people haven't been paying their share.

Yeah this is typical for the type of pump and dump meme coins which are added daily on Solana. Depending on when you enter you can easily 10x and sometimes 100x your money. But the issue is that most of those tokens are rugs. Almost immediately as you enter it starts to drop and within minutes you can be out 50% and within hours your position can be -99%.

It’s a very risky way of making money. Tokens like WIF, SHIB and PEPE were extremely rare to catch and most that did catch those they probably sold way too early.

We are entering summer and usually summer months, especially August. Are going to be very dry. I try and trade as much as I can but it seems there are no opportunies at the moment. Market is going nowhere.

The etfs are still adding bitcoin so it’s obviously bullish long term. We will see what will happen with the ETH etf. It’s very bullish that crypto has went this far in the financial world. It means that the long term growth will always be positive. But I feel the next few weeks and months will be nothing but sideways trading.

I haven’t been active much in the gambling section so I am not sure this happened but did Duelbits get hacked in the past?

Just found out on Twitter that the hacker is sending the stolen ETH to Tornado cash to mix it. I read the last few posts and nothing mentioning about a hack so I am assuming this happened a while ago.

Wondering if there was any user funds lost in the hack?

The issue with bitcoin is that it is very unstable to be used as a currency. Remember Nov 2021, we peaked at around $70K and 1 year later we bottomed at $16K. These types of moves don’t make it an ideal asset to be used as a currency hedge against inflation.

You actually would be better off just using the crypto stablecoins because those are always pegged to $1. However you might as well just use US dollar fiat instead.

They need to overall their entire government and fix their currency. Most likely the currency will be replaced by a new currency and hopefully the new one will holds its value.

Its funny, yesterday I was on Youtube and was watching this popular Youtuber who makes videos about counting cards in casinos. He normally does physical casinos but for fun, he decided to see if its possible to count cards at a virtual casino. He was based in UK if I recall.

Anyways he makes an account, makes a deposit, and starts to play and do his documentary. Long story short, you can't count cards at an online casino. He played some more and decided to withdraw the rest of his money because he started to lose. Thats when the problems started. To withdraw he needed to KYC. And this is not a crypto casino, he paid by credit card to fund the account.

He also said it was a hassle getting his KYC approved. He had to submit it multiple times before it went thru. Eventually he got his money back, but it was very stressful.

We all knew one day it would finally come and those coins would move. Bitcoin at the moment isn’t really shaken up by the market. As you can see there was not much movement due to the news. Maybe because it’s another 4-5 months before it’s actually sent to the retail users.

Bitcoin might survive this dump but I wonder what will happen to BitcoinCash. I am sure many will want to hold some bitcoin but Bitcoin cash most likely they will liquidate. Should be interesting to watch.

Most start ups would rather get loans but the problem is that most banks don’t want to lend out money to start ups because a large percentage of them fail and when it fails they don’t get their money back.

Getting a loan for an old business is different because those actually generate profits right away. Say somebody getting a loan to finance a McDonald’s location. That is pretty low risk to the bank. But a start up is completely different because it’s an idea which might not pan out.

So they have no choice but to get investors and sell them some equity in the business. It’s because the investor is taking a huge risk in lending out money.

I remember when it became popular to "spend your stimulus check on Bitcoin" back in 2020 and 2021. Back then bitcoin wasn't really going anywhere unlike the stock market. So many people suggested it would of been better to just buy GME with that $1200.

However after it started to rally and Elon started to buy, its when all these $1200 turned into $XXXXX started to pop-up. However later on it was pretty much too late, bitcoin rallied hard and the ship has sailed. Wonder how many actually held till now if they actually bought bitcoin with the $1200.

It might put in a lower usage to debit card use but credit cards will still have a lot of volume for 2 reasons.

1) Someone doesn’t have the cash to buy something so they can only do it on credit and they use the credit card.

2) Credit cards pay rewards for all purchases like 1% for groceries, 2% for gas , 3% for restaurants and as long as it’s paid off, no interest is charged and you get to keep the rewards. Hence the reason why so many people are paying for everything by credit card these days.

One thing you are forgetting is that there is no guarantee that gold or crypto or the nasdaq 100 will go up enough to keep up with inflation. It can trade sideways or worse go down.

There is something called TIPS, it stands for Treasury Inflation Protected Securitites and these are basically bonds but their coupon pays the CPI rate yearly. This way you don’t have to worry about investing in some stock which ends up losing 20% in a years time.

They could have their own bank but that’s not the goal of stablecoins. When stablecoins were first released it was so users could transfer money from exchanges such as Bitfinex to exchanges which had tons of altcoins which the bigger exchanges didn’t have.

So the user wouldn’t need to sell their US dollars, buy bitcoin, send bitcoin to some alt exchange and then sell that bitcoin for US dollar and finally buy what alt coin they want. This is too many transactions and hence why stablecoins were introduced because you could send back and forth between exchanges.

There is no point is having a bank for stablecoins however. Just send to your exchange, sell for fiat and withdraw that fiat to your bank and buy whatever you want.

Yes you guys are right. The APR rewards is not in the stablecoin but it’s paid in the native token. So for ZK finance you are paid in ZF. Looking at the chart of ZF it’s declining but not that much.

So I guess it makes sense. They pay these huge APR but issue it in their native Token and hope most people don’t sell the token and use it instead.

Ok makes sense. I assumed it was some scam going around.

Thanks for the replies.

Yeah I was just going to mentioned this. I first started to accumulate Tether when I traded it on Poloniex. It was the first exchange that supported stablecoins I think.

And back then it was only available on the bitcoin networking under the OMNI network. Only years later it was added under Tron and Ethereum.

After the competing chains started to show up, the volume quickly died on OMNI network. Many reasons. For one it took a long time for the transactions to confirm like Bitcoin transactions and another is that the transactions were large. And this was at a time of high fees and hence many found it easier to use ERC20 tokens on the Ethereum network.

Keep in mind that it can be simply variance. There are times when we get like 10-20% more daily blocks than normal and then we will have -10-20% days and we will average out.

Yeah the halving means that the block reward is halved but most of the miners these days are large commercial farms and not retail individuals mining in their basement. They knew about this halving a year back and adjusted and bought more efficient gear.

So I know there are a few places where you can be a LP and gain about 4% APR for your stablecoins like USDC and USDT.

You can also just keep it in your US savings account or buy bonds and get 5-6%. This I understand.

But I keep seeing these protocols like Mute.io which is KOI now and Zk Finance and they claim they pay 20% for staking your stable coins.

You need to add it to the pool and then add it to some farm. And you get 20%. My question is where is this 20% coming from?

On many LP you only get 3-4%. And they are paying 20%. I would understand if this was some memecoin which gave 20% APR because those are at risk of going -90% but for a stable coin, paying 20% almost sounds Ponzi like.

What is going on here ?

I pretty much tried everything. Only solution was to use a different browser, Firefox and it loaded right away. So it’s not my internet connection.

With chrome I tried everything, clearing cookies, nothing. Then I cleared the cache and same problem. So I gave up and just tried a different browser.