Bitcoin Forum
May 29, 2024, 09:12:05 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 [93] 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 ... 504 »
1841  Economy / Economics / Re: Is Bitcoin here to stay in Brazil or??.. on: December 24, 2022, 07:26:38 PM
Countries can have different policies, and I don't think Brazil will be exactly like El Salvador. I guess the case of El Salvador is special because they don't have their own fiat (their fiat is the USD), which might be why they didn't think seriously of making their own CBDC. Brazil is a bigger country with more things to account for, and they have their own strong fiat currency. Maybe they'll make a CBDC, but it seems the plan is quite distant (for 2024), and who know if they decide to go through with it. But generally, I think a CBDC can coexist with Bitcoin. In my own country (Ukraine), there's a governmental plan to both accept Bitcoin as payment and explore a local fiat-based CBDC in the future, for example.
1842  Bitcoin / Bitcoin Discussion / Re: I found a Bitcoin restaurant in my neighborhood on: December 24, 2022, 07:07:49 PM
It is a bit weird to decorate everything with Bitcoin vibes but not accept Bitcoin as payment and not train the staff to at least know what Bitcoin payments are.
Inviting a person for Christmas dinner is nice, I think the traditions of who you invite can differ a lot within different cultures, and I think it was a nice gesture on the part of the op. It didn't strike me as weird, and I'm not surprised by op's answer to it. To be honest, I don't get why many in the thread seem so worked-up about a simple act of hospitality.
I hope the op will return and let us know if there was a continuation of this story (did the owner come to the dinner, did you visit their place again to discuss Bitcoin, etc.).
1843  Bitcoin / Bitcoin Discussion / Re: How did you come to know bitcoin? on: December 24, 2022, 06:37:12 PM
I'm not 100% sure, but I think it was because of the news of Silk Road 2.0 being shut down by the FBI. It was big enough news to make it to TVs and websites outside the bubble of crypto enthusiasts, so as you can imagine, my initial encounter didn't leave a positive opinion about Bitcoin. However, it gradually started changing as I learned more about banks, fiat, and how Bitcoin is different, and also figured that you can't really blame a neutral tool for being used for bad purposes (and all sorts of money are used by some people for bad purposes).
1844  Bitcoin / Bitcoin Discussion / Re: Russia to legalize crypto for international trade on: December 24, 2022, 05:56:14 PM
Russia hasn't been consistently anti-Bitcoin. While some people and institutions called for a ban, others have been playing with the idea of legalizing it for a while. The current position seems very pragmatic and practical: they don't allow their own citizens to engage with Bitcoin because it isn't going in line with the totalitarian regime and because they don't want to risk undermining their local fiat, but they do need to find ways of limiting the impact of international sanctions, and accepting Bitcoin for international trade is one of them. Russian economists seem quite smart, considering how they've been handling a very difficult economic position that Russia's in because of the war. But such a step, should they truly undertake it, can lead to reputation losses of Bitcoin as a tool to avoid sanctions.
1845  Economy / Economics / Re: A fact that the general public don't know on: December 23, 2022, 07:14:23 PM
Firstly, if there is an observable correlation between scams and low prices, it isn't enough to prove that the events are planned. Secondly, this isn't even correct because not all bear seasons start or peak at a scam event. In 2018, for example, it was just FUD about potential negative regulations of Bitcoin in South Korea. Thus year, we do have FTX event, but we've been in a bear market for a year now, so FTX didn't cause the bear market and didn't even make it much worse than it already was. Perhaps you meant only FTX as a planned event, and in that case, I don't have a strong opinion. I don't think the goal was to face criminal investigation and let down the crypto market, though, even if it was a planned scam.
I do agree that FTX is a private company and Bitcoin shouldn't lose reputation because of it.
1846  Economy / Exchanges / Re: Sam Bankman-Fried has been released on bail on: December 23, 2022, 06:42:30 PM
I generally support bail, given that people shouldn't be imprisoned before they are convicted, and given that the sum is pretty big (so I don't think he'll run).
But substance abuse and mental health treatment? If these are requirements for bail, might it mean Bankman-Fried's defence strategy is to prove that he, suffering from addiction and mental health issues, wasn't quite capable of recognizing his actions (regarding FTX) and thus isn't liable for criminal responsibility? IMO, that's the most interesting part in this news. I don't think such treatment is a standard bail requirement, so it might shed light on how the trial will play out.
1847  Economy / Games and rounds / Re: Bitcasino.io 💜 — BTC Predictor December 🚀 LAST DAY TO PREDICT ⌛ on: December 23, 2022, 06:23:50 PM
EUR 15,700
kryptonomous
1848  Bitcoin / Bitcoin Discussion / Re: Brazil passes law to legalize crypto as a payment method on: December 23, 2022, 06:22:01 PM
If it's recognized officially as a means of payment, why isn't it like in El Salvador where Bitcoin is legal tender? Isn't legal tender the same as legal recognition as a means of payment? I understand the law is not as friendly as the legislation in El Salvador, but that's on other matters like mining taxes, right? So it's crypto-related business, but not Bitcoin's recognition and regulation specifically. To me, it seems like Brazil made a big positive step forward, and it's big news for Bitcoin adoption, especially considering that the population of Brazil is 216 million people, against 6.5 million in El Salvador.
1849  Bitcoin / Bitcoin Discussion / Re: Bitcoin is the vaccine against the CBDC virus on: December 23, 2022, 06:08:09 PM
I generally agree that CBDCs are another step away from privacy, although not a very big one after bank accounts and huge tech giants. For example, I recently visited one of those Amazon stores where you scan your Amazon account at the entrance, and then just take any products you want from the shelves (without scanning them anywhere) and leave without paying. The money is withdrawn later from the card linked to your Amazon account. While convenient, it does make you feel like you're in a Black Mirror episode. CBDC, IMO, isn't a big step further away from privacy after such things. And just like those Amazon stores, someone will find CBDCs convenient and won't care enough about privacy to be against them.
1850  Bitcoin / Bitcoin Discussion / Re: Which kind of situation will force you to sell? on: December 22, 2022, 08:00:30 PM
I believe in Bitcoin as money. Of course, it's nice to hodl some if it's possible, but even an investment should be something one can afford to lose, and as for money, it is meant to be spent. I think that if a person is in need of money to buy something, but only has BTC, this person should use BTC or sell it for fiat to use fiat. Even if it's not something urgent but to purchase something that will make a significant life improvement / make someone else happy / help improve or maintain good relationships, these are all good reasons to sell when needed, regardless of the price. Not everything in life is about making profits. That's the general guideline I follow myself.
1851  Bitcoin / Bitcoin Discussion / Re: Two types of predictors in bitcoin market. on: December 22, 2022, 07:46:26 PM
I don't trust people who were openly very negative about Bitcoin and then stopped. As I see it, they are unreliable, unless they specifically apologise and recognize that they were mistaken earlier. When I googled "Saylor admits being wrong about Bitcoin", I can't see any sincere apologies. I understand people who were mildly skeptical and then gradually became convinced Bitcoiners, but I wouldn't trust Saylor and wouldn't be surprised if at some point he starts spreading FUD about Bitcoin instead.
1852  Bitcoin / Bitcoin Discussion / Re: Edward Snowden is ready to become Twitter CEO for bitcoin pay on: December 22, 2022, 07:29:44 PM
I was supportive of Snowden for a while because I really don't think whistleblowers should be prosecuted, given the importance of the things they make public. That being said, there are a couple of things to note in his particular case. One is that allegedly the majority of stuff he disclosed was not about mass surveillance and stuff like that, but about US military techniques and capabilities, which does pose a serious threat to national security. Another very major thing is that he not only fled to Russia but became a Russian citizen in 2022, in the middle of the war, and swore allegiance to that country. For me, as a Ukrainian, that's something I cannot accept. So whether he supports Bitcoin or not and regardless of how good or bad of a Twitter CEO he could be, I'm happy he won't be.
1853  Bitcoin / Bitcoin Discussion / Re: Should your wife or husband know your seed phrase? on: December 22, 2022, 07:06:00 PM
I think it depends on a couple, and people should do whatever works best for them as a couple. My spouse and I have a common budget, which means that while we technically have different bank cards, we use them interchangeably without thinking of it, and of course my spouse knows how to access my BTC wallet, although tends to be reluctant about it and let me handle it. So sharing access to seed phrase is a part of our general strategy of a common budget and common money. But we have friends who've been together for about as long as we have (which is 6+ years), but they have totally separate budgets (even though they live together), and they only use their own bank accounts, not those of each other. I don't think they're into BTC, but I imagine they wouldn't be sharing access if they were.
I also don't think the question should be addressed to men specifically and to them sharing access with women, as situations can be very different nowadays, and it's more about a matter of sharing within a couple than about gender roles.
1854  Economy / Games and rounds / Re: Sportsbet.io ⚽ Southampton + Arsenal ⚽ Prediction Contest (Monday) on: December 22, 2022, 06:56:48 PM
Game 1:  27, 25'
Game 2:  27, 19'
1855  Bitcoin / Bitcoin Discussion / Re: Few Days To Christmas - How Are You Preparing? on: December 20, 2022, 06:21:45 PM
Buying presents for Christmas is IMO not at all about showing off wealth to neighbours, but about helping to make some people happy, even if a little bit. I'm not a supporter of overspending, but I also think it's very wrong when well-off parents give no presents or very cheap presents to their children because children need to be loved and cared for. Also, some things can actually last for a long time and be of high significance in various relationships, and sometimes people need to sell their BTC not to buy expensive presents but to buy any presents for their loved ones. So I believe people should first and foremost treat Bitcoin as money and money should be spent when there is a need to spend it or when spending it can lead to positive improvements of someone's lives.
Don't sell your Bitcoin to buy stuffs that will perish few days or weeks after Christmas.

When I was in school, Gobseck by Honoré de Balzac was a mandatory reading. It's a story about a wealthy man who died without spending any of his wealth and living a very frugal life. It's a reminder that people should also enjoy the present and not live only for the future.

If you're even denying yourself a Christmas, then what sort of memories are you creating? Years from now you might look back and realize that you wasted your best years not doing anything, only waiting for Bitcoin to go up. And worse, when Bitcoin does go up, people often fail to take profits and then wait for the bull cycle again.

There can't be any objective rule for managing your Bitcoin investment, because value and time preferences are subjective. In some cases it could indeed be a bad idea to sell Bitcoin to buy a Christmas gift, in other it is not.
Also had Gobseck as obligatory reading at school, and totally agree with your point.
1856  Economy / Economics / Re: Texts exchanged by Binance CEO and Sam Bankman-Fried as FTX collapsed on: December 20, 2022, 06:06:57 PM
It's interesting how they talk to each other and how several top executives knew about the fall of FTX before it happened, it seems. I wonder if knowing about the crime (via group chat) and not reporting it to law enforcement amounts to being an accomplice. Could people from this chat also face criminal investigation?
I didn't quite grasp why Bankman-Fried wanted to decrease the value of Tether, but since he allegedly tried, it probably means others can try as well, and who knows, maybe one day someone will succeed. Tether is very stable, but it might also be much more fragile than many people think it is. It's not unthinkable that it would collapse, not any more unthinkable that a major exchange would collapse, and that has already happened.
1857  Economy / Games and rounds / Re: Sportsbet.io 🏈 Week #16 Thursday Night Football Giveaway 🏈 on: December 20, 2022, 03:58:52 PM
1. NYJ
2. JAX
3. NYJ
4. Under
5. 2nd
6. Odd
7. Odd
8. NYJ
9. NYJ
10. JAX

Final Score prediction 19-17
1858  Bitcoin / Bitcoin Discussion / Re: How to properly store seed phrase during inspection? on: December 20, 2022, 03:44:03 PM
Why was the video released? I understand why body cams should be there and record inspections, but isn't it just so it can be reviewed upon request if there are allegations of misconduct or if something bad happens? Why was the video published online at all? Obviously, the seed is enough to take the money out, and now anyone could have done it. It's been 8 months, though, as the cam says the date is April 22. So there must have been a follow-up, as surely someone typed in the words and took the money? I can't see information about such stuff, though. If the money was stolen, and it was the police who published the bodycam video, I'd say the officers should be held accountable for leading to a loss of funds.
As for prevention of such situations, I think it's safer to store a seed in a mix of other text, so that you know it's a seed, but others can't.
1859  Bitcoin / Bitcoin Discussion / Re: Just lost $4000 because of addresses starting with "bc1p" on: December 20, 2022, 03:27:39 PM
I am so sorry for your loss, it's a significant amount of money... Like Charles-Tim, I usually don't fully check the address but I check the first 3-4 characters and the last 3-4 characters to ensure I got the right one. I remember there used to be malware that targeted copy-paste and pasted the wrong address, sometimes even making it an approximation of the original in terms of the first few characters, which is why I always do the basic checking. I still don't fully understand how the op lost the money (was is copy-paste malware or copying a wrong address in the first place because the first few symbols were identical?), and I'm not sure if anything can be done to get the money back (probably not, unless you know to whom that address belongs and can reach out in any way).
As for what was wrong with old addresses, I believe Segwit was at least partially aiming to reduce transaction fees, and given how the fees have been for the last few years, I think it worked.
1860  Bitcoin / Bitcoin Discussion / Re: Cryptocurrency (Bitcoin) Can't Be Stopped on: December 18, 2022, 08:57:38 PM
I'm a bit confused with the op, as it looks in parts as if the op is interpreting the words of Toomey as supportive of banning Bitcoin because of FTX. But the senator actually has a great reasonable position, and in the article there are good examples, like that mortgages weren't banned after 2008. The other guy also agrees that cryptos shouldn't be banned on the grounds that FTX failed. I agree that banning Bitcoin for what isn't its fault doesn't make sense. And yes, it's just going to lead to the USA missing out on a market filled with profit and tax opportunities.
Pages: « 1 ... 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 [93] 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 ... 504 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!