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1881  Economy / Economics / Re: The thin line between contentment & living below potential, Patience & wasting t on: May 13, 2023, 02:16:14 PM
In any business activity or job, there is a time limit for judging the project to fail. For example, before you think of resigning from your job, you must have enough money to cover your expenses for the next two years, otherwise it is better to stick to your job and secure a second job.
The same applies to commercial activity. Depending on these activities, the period in which you can be patient varies. For example, the technological sectors are sensitive to changes, and therefore need a period of 6 to 9 months. It depends on the economic activities such as the trade of cloth and clothing, which takes from one year to a year and a half, including the traditional trade in grains and oils, which needs more than 3 to 5 years before you decide that the project is a failure.
1882  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitcoin vs XRP? on: May 13, 2023, 02:03:48 PM
XRP is not supposed to be a currency with a high market value for the long term, given that the quantity offered is infinite, and therefore, no matter how much the price increases, the value of that money will not increase.

diversifying investments does not mean investing in more cryptocurrencies, but rather in several investments, starting with gold, stocks, real estate and bitcoin, and not expanding investments in other currencies.

Also, the goal of the project is to provide stable international transactions, so the possibility that the price will rise against pairs of cryptocurrencies is not supposed to increase.
1883  Other / Beginners & Help / Re: Difference between long and short term investments in crypto on: May 13, 2023, 01:52:26 PM
When you want to invest, the investment experience varies according to the return, the money you have, and the extent of your need for that money. There is no objection to the individual having a long-term investment, and when he finds an investment opportunity, he transfers part of his share to a short-term investment, and so on.
So investing in itself is a personal experience, and its return can vary according to your experience, past experiences, and psychological factors. In short, we cannot judge by simply writing or reading without going into personal experience.
1884  Other / Beginners & Help / Re: What is going to be the faith of other currencies in time to come. on: May 13, 2023, 01:02:20 PM
Inflation is not a new crisis. Since the dollar was disengaged from gold or paper money in general, inflation was associated with it in one way or another. We have examples such as inflation in the German mark, which reached limits that Zimbabwe's currency did not reach.


Therefore, converting it to other models such as the digital dollar or any other models will not solve the problem of the economy, because the solution to the problem does not lie in the form of money, but rather in the state’s behavior with that money and how to manage it economically.
1885  Economy / Exchanges / Re: Exchange Withdrawal Fee manipulation on: May 13, 2023, 12:25:04 PM
There is already a discussion about it here -----> https://bitcointalk.org/index.php?topic=5451909.msg62212034#msg62212034

Through it, I explained that the increase in fees in the interest of Binance has several aspects, the first of which is more money for them, and secondly, encouraging users to use their BSC, as increasing the withdrawal fees for bitcoins will make some beginners withdraw using WBTC in BSC.

Therefore, increasing the fees is good for them, and they will try to make it much more because it brings them direct and indirect profits.

Direct earnings example:

Here is an example of Binance doing a tx:
https://mempool.space/tx/e097cd778c171aee685baf67f63a96a09f0160685108c2d13ec65c83980b0332
297 sat/vB  Fee   575,000 sat $166.56  and it has 78 outputs.
So it has paid $166/78 > around $2.12 for each withdrawal.
Or in Satoshi, they are charging  20000 and paying right now 7300 for each payment.
1886  Bitcoin / Development & Technical Discussion / Re: What will happen if this congestion continues on: May 12, 2023, 11:00:24 AM
I don't know, but the bet that block congestion will continues is a losing bet. The only thing that developed the NFT technology is the cheapness of the fees. No one will pay $140 to upload a photo, and he does not guarantee that he will sell it ---> projects will not continue like this for a long time.

The bad side of the story is that we will not go back to those low fees soon, as we will not see, for example, fees less than 10 sat/vb, and therefore the use of bitcoin for daily payments will be the problem.
There are solutions to this problem, such as the Lightning Network, but solutions such as Hardfork, due to the increase in fees, is similar to increasing block size, which has proven to be a failed solution.

In short, let the economy talk and you'll see fees stabilizing soon.
1887  Economy / Trading Discussion / Re: Understanding the Basics of Trading in the Cryptocurrency Market on: May 12, 2023, 10:49:39 AM
The trading strategy must contain numbers 3, 4, and 5, as the development of the strategy includes reducing fees, which also testifies to choosing the correct stock exchange and how to improve performance. The following points will not be valid.
In general, trading is a broad science and just limiting it to points will not be correct, even if the points are correct. The most important rule is to continue learning and private research. Ask and ask and do not let shyness prevent you from asking. This question and experiences are what make you a successful trader.

In addition, knowing the basics of cryptocurrency from choosing the right wallet, minimizing network fees and how to protect the security of private keys.
1888  Other / Beginners & Help / Re: The Man Who Saw Tomorrow on: May 12, 2023, 09:43:09 AM
I do not think that this is what Satoshi meant, otherwise what happened in 2017 is a confirmation of what he said, the blocks are currently full, but most of them are spam or useless data (not peer-to-peer transactions or real use of bitcoin)
What Satoshi meant was a very large transaction volume in the sense that more and more people would use Bitcoin and thus a currency for international trade or a dead currency.

In general, 6 years remain for the statement to be finally verified, and perhaps the 20-year period is the period of maturity of technology, just as it happened with the Internet.
1889  Economy / Exchanges / Re: Security risk notice: Google Authenticator's cloud sync feature on: May 12, 2023, 08:44:34 AM
An excellent warning from OKX, although I see a disclaimer of responsibility if Google Authenticator is misused by Google to access user accounts or attempt to collect data about them. If you use trading platforms periodically or in large amounts, it is better to take this warning seriously.

Google has a bad record in dealing with user data and preserving their privacy, and therefore it is better not to think that you are safe by using one of their cloud services.

Thanks for a list of suggestions, I will give -------> https://getaegis.app/ a try.
1890  Economy / Economics / Re: As an Economist how do you tackle inflation? on: May 12, 2023, 08:25:20 AM
The first thing I will think about is searching for the reasons for the rise of the commodity. Some commodities rise for reasons that cannot be avoided, such as the occurrence of a disaster or floods, poor storage, the failure of the agricultural season and other factors that affect the final product of the commodity, which can be avoided with a little patience.

There are economic reasons, and those reasons can be solved or reduce their impact without the need to wait, such as low purchasing power, taxes, some logistical obstacles, which you can solve by preserving the purchasing power of your currency, either by converting it into dollars or gold, or searching for another state with cheaper prices, or transferring products personally.

Generally, there is no single, perfect solution and you have to research on your own.
1891  Bitcoin / Project Development / Re: VPN Service Provider. BTC / USDT Accepted on: May 12, 2023, 08:04:19 AM
The design was made with the help of Elementor, a website builder for WordPress.
Thanks for pointing that out, now this project has got a reverse promotion, if you can't manage a front-end, it's unlikely that you've managed customer privacy well, especially since one mistake or leaking of one of the sessions means a complete collapse of an individual's privacy.

Cheap price is not the deciding factor, especially in privacy applications. You should focus on the technical development and security team to make users feel that the promises you make can be fulfilled.
1892  Other / Beginners & Help / Re: How can a beginner in the forum significantly grow? on: May 11, 2023, 02:47:02 PM
Personally, I recommend that you watch Andreas's[1] YouTube videos and read Mastering Bitcoin[2], it will give you a lot of useful information that is the basis for self-learning, with it all you need to know is to search Wikipedia for that information and then ask here[3][4][5] if you did not get useful information or wanted to discuss a topic that needs more details.

[1] https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ
[2] https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388
[3] Development & Technical Discussion
[4] Bitcoin Technical Support
[5] Mining
1893  Other / Beginners & Help / Re: Electrum wallet software. Why you should use it, not exchange accounts on: May 11, 2023, 02:31:50 PM
They are Enabled by default and the newest version does not allow you to Disable it. It gives Newbies better Default, they will not have stuck transactions in mempools and can not do anything to bump fee.
Many users may not like these changes and therefore they will try to avoid updating as much as possible, and the reason for this is that some deposits (especially for gambling services) give you the possibility of instant deposits with zero confirmations as long as the transaction does not contain RBF enable.

Generally, we should stop thinking about accepting zero-confirmation transactions in the future. However, many platforms rarely update their code regularly.
1894  Other / Beginners & Help / Re: Use self custody wallets, don't use exchange wallets. Check mempools these days. on: May 11, 2023, 01:18:08 PM
If we take the fees as a criterion, then Binance is the worst, but it is not a reference to judge that the fees are bad compared to the wallets, and the reason for that is that the withdrawal transaction contains one input and several outputs, and therefore the fees that you pay for each address are much cheaper than the fees that are paid to one address.

In other words, the withdrawal fees from some CEXs may be much lower than your self custody wallet fees.

Despite this fact, many CEXs charge high withdrawal fees (compared to what they pay) to achieve more profits.
1895  Alternate cryptocurrencies / Altcoin Discussion / Re: About Binance Innovation Zone on: May 11, 2023, 01:04:59 PM
The name seems radiant, but the meaning is far from intended. Ideally, it is a second chance for those projects before they are removed, but I see that it is a pressure tool from Binance for these projects. They also indicated that there is no founder, and therefore the opportunity for Binance to make a profit from that platform will be less, and therefore delisting them is better than moving keeping it.

Personally, I see that Binance is trying to be a central cryptocurrency and milk these projects to achieve maximum profit.
1896  Bitcoin / Wallet software / Re: Trust wallet dust UTXO error on: May 11, 2023, 12:52:30 PM
This is still a transaction made from electrum using the twt seed in order to empty the wallet. Funds are still funds.
Will never use trust wallet after this and make several new electrum wallets. Hoping i get this sorted out first tho.
Glad that your problem has been resolved, and sorry Trust Wallet makes things look easy for beginners, but as soon as any problems occur, the headaches are violent.

Seed associated with that wallet contain serval cryptos other than Bitcoin, so if you have a balance other than Bitcoin, it may be best to check  before you decide to new wallet. It is also better to use a newly generated wallet in the future instead of the seeds that you got from the Electrum wallet.
1897  Economy / Economics / Re: Interest Rate, Inflation, Debt vs Bitcoin in US on: May 11, 2023, 12:26:46 PM
Frankly, I did not understand the point you are trying to reach and its relationship to El Salvador, but it can be said that bitcoin is suitable as a currency for cheap payments between countries, countries that need to resort to the complexities of banking systems, and it is a good long-term investment that enables the individual to save the value of his money and multiply it, and it is not a parallel economy that the state can rely on instead of the system The current financial system based on petrodollars.

Therefore, if a country decides to adopt Bitcoin, it will not help it solve its economic crisis, but it will help individuals transfer money to their relatives around the world and improve their economic situation if the inflation crisis is the only economic crisis they have.
1898  Bitcoin / Project Development / Re: VPN Service Provider. BTC / USDT Accepted on: May 11, 2023, 11:58:36 AM
I think that the design of the site needs some work, which will give a bad impression about the service you are trying to provide.

It is true that the price of 2 dollars per month is appropriate and attractive, but the industry is based on privacy. If privacy is not perfect, then the amount of 2 dollars will be great.

You do not have a legal page or a terms of service page, and therefore promises such as No logging seem non-binding to you.

Servers all over the world? according to your website you have servers spread across only 6 countries, even their location on the map is inaccurate.
1899  Economy / Exchanges / Re: Netexbit.com is a licensed exchange office on: May 11, 2023, 11:28:15 AM
Depositors will take two minutes to know that the platform is an incomplete template, and here the fears will increase that there may be many side doors that may lead to losing their money or giving them bad trading prices, so no one will deposit their money.
Try to rebuild the site professionally, redesign the interfaces to look like a single platform and not a collection of ideas and codes that were collected from the Internet.

Also, I do not think that you have sufficient liquidity to cover customer requests, and therefore the platform will run APIs in the backend, which is linked to other CEXs (more fees.)
1900  Economy / Exchanges / Re: Binance announced LN integration on: May 11, 2023, 11:21:40 AM
But it will be good if they integrate lighting network, at least they should really do something beneficial since 2017. But fees are going down right now and they just increased the withdrawal fee instead of having a flexible one, they are milking cash but they pretend they are learning from mistakes.
The only thing that will force them to reduce withdrawal fees or adopt any solutions such as the Lightning Network is competition, the lack of which means that they will not change the current situation, as it brings them a lot of profits.

It is also an ideal promotion for BSC and its support. The beginner will not realize the difference between Bitcoin and tokens that they give them, the same price and cheaper fees, and therefore the higher the withdrawal fees for Bitcoin, this means more profits because people move to their SC with lower fees.
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