If anybody claims he/she is Satoshi Nakamoto and wants to be taken more or less seriously, he/she doesn't have to go to great lengths just to make everybody else curious. He/she only has to sign a message and perhaps people would indeed become really interested. While having access to the purported private keys of Satoshi doesn't prove beyond doubt that the person behind the signature is the real Satoshi, it is definitely enough for everybody to get curious and raise probing questions.
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I think crypto gambling is more secure than fiat gambling. You're more or less private with crypto gambling. Most crypto gambling sites don't require KYC upon sign up so you don't worry much about data breach. You won't have to input your credit card or bank information, either. Although most of them have reserved the rights to require you to submit personal data, that occasion does not normally arise unless something significant or suspicious is detected on your account. You can also use VPN for as long as it is allowed by the platform and for as long as you aren't playing from a prohibited country.
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This was somehow expected during the pandemic. With jobs lost, businesses closed, and with people's movements limited to the minimum, it isn't surprising if a lot have lost sources of income. But I thought this was only rampant to my country and other developing countries, after all it isn't unbelievable for a homeless in the US to own a car.
So far, however, there is already an aggressive comeback here as far as car sales are concerned. Even though the used car market has abundant new supplies due to the repossessions in the past year or two, the growth rate of the sale of brand new cars is hitting almost 50% within the year. That's an amazing figure. It's really a quick recovery as far as the car industry is concerned, and that's despite of the steep increase in fuel.
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I'm not sure if Satoshi ever mentioned about governments' control over how much a person could withdraw from his/her very own money, but this is definitely one of the setbacks of having a currency that you do not truly own. I'm pretty sure we have heard or read the news of a man in Beirut who robbed a bank of his very own money. This is one of the shortcomings of the fiat system.
With Bitcoin, you can truly own your money. What's yours is truly yours. You can withdraw it, move it anytime of the day to whoever and wherever you want. That's simply not possible with fiat.
Unfortunately, however, with how centralized platforms are spreading, people are now beginning to complain about locked accounts, frozen funds, and so on. It's ironic and sad that a financial innovation that provides full ownership and control of one's money is being exploited by custodians and centralized platforms. But the saddest thing of all is that people allow it.
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How can you trade, then? How can you create orders and wait for them to get filled? Somehow I really want to laugh at this question, but I can think of something. The scenario is to make a deposit - buy - withdraw funds to the wallet - wait for the desired price to be reached - make another deposit - sell them - withdraw funds again. And so on. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) What's so funny about it? Anyway, what you're talking about is not the kind of trading I'm referring to. Although somebody who buys and sells is still technically a trader, like when somebody sold at $60,000 and bought back at $20,000 and plans to sell at 100,000, I'm referring to day traders, those who are actively trading day in and day out, those who have tens or hundreds of orders in a day in different pairs. Your scenario simply isn't possible. My point is that if you're really a trader, you have no choice but to risk leaving your funds in an exchange.
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I think the spread of CBDCs can't be likened to a pandemic yet. It is not widespread yet. Although many countries have either studied or piloted their own versions of CBDCs already, there isn't a single country yet that is using a CBDC as its official currency. So if we are to liken Bitcoin to a vaccine against something considered a pandemic, it must be against the fiat currency itself, which a CBDC essentially is though. But Bitcoin is basically a solution to the kind of monetary system we have in place right now.
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I guess somebody only has to take a second look at Bitcoin to know that it is way more than what it appeared at first. Not a few rejected Bitcoin when they first encountered it. First impression doesn't last with Bitcoin. If not rejected, they didn't give too much weight to it. They took it with a grain of salt. It's only when they took a more serious look at it the second time around that they realized how fantastic such technology actually was. Or, in the case of many others, they only needed to take a look at Bitcoin beyond its price. That's the turning point. And when they're already into the rabbit hole, it's almost impossible to get out.
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Much of what is thrown at Binance right now is probably just out of spite. But it doesn't discount the fact that Binance could fall anytime, just like Mt. Gox, QuadrigaCX, FTX, and countless others.
If you think that Binance's behavior right now is a guarantee that it isn't going bankrupt anytime, you could have been fooled more easily by FTX's behavior mere months before it collapsed. You should indeed be shaking your head with that logic of yours.
Who would have thought that FTX would crumble down after bailing out Voyager and BlockFi, looked into buying Robinhood, considered bailing out Celsius as well, and had billions ready to save crypto firms that lost liquidity amidst the crypto winter?
Who would have imagined that the CEO of FTX who donated many millions to politicians, even mentioned that he could donate a "soft ceiling" of $1 billion in the 2024 elections, is actually running a bankrupt company?
Who would expect that the platform that squandered so much money on very expensive ads like the Super Bowl, naming rights on Miami Heat's Arena, UC Berkeley football field, Mercedes F1 team, and others is actually going insolvent soon?
Who would have expected that the exchange that has stars like Steph Curry, Naomi Osaka, Tom Brady, Shaquille O'Neal, and others under its payroll is actually having financial troubles within?
Binance's activities right now are incomparable to that of FTX months ago, and yet FTX suddenly died. Is it, therefore, a surprise to you if Binance would also die anytime?
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As a crypto trader one thing you should not do is leave your funds in exchanges. How can you trade, then? How can you create orders and wait for them to get filled? Anyway, if you really want to avoid future losses in crypto, avoid trading altogether. When you trade, you should be aware that you are risking your funds. You could profit, but you could also lose. Not to mention that by merely depositing your funds in a centralized platform to do the trading, that is already enough exposure for a possible loss. Even if you're making gains from your trades, your platform could collapse anytime, it could get hacked, somebody from the inside could steal your funds, your account could get blocked or frozen, and so on.
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Simply put, it is for convenience's sake, to make certain transactions easy or possible. Since Bitcoin, and other coins for that matter that have their own native blockchains, can't be used on a different blockchain, innovators came up with wrapped versions. So these are basically tokens on different blockchains that mirror the price of Bitcoin. They can now be used on a network that otherwise cannot communicate with another network. These are not real Bitcoin, of course. The same goes with other wrapped coins.
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The biggest obstacle here is that there aren't enough jobs that pay decently. So you go to college, spend a good deal of money, sacrifice a lot, end up working long hours in a job that is not fit to your degree, or that which you don't love, and receive a salary that is not commensurate to your effort. This is a big obstacle.
Now, what to do? You either have to stick and grow old (and fast) with it or you will look for other ways to survive. You might want to start a small business, but then that requires a starting capital. If you have saved enough to start one, might be better, but then there's no guarantee it will succeed.
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I know that CZ is investing in ventures and it keeps on going but what he's trying to prove? I doubt it that he just want to save the company and the people who has still some pending money there. Maybe he sees something that we can't see? But we're all sure that we see the same thing that Voyager is already on the grave and it will barely stand up and even with his help, he's just throwing money there and good for the people if they'll still take their money out after the acquisition.
CZ is not trying to prove anything, I reckon. This is a business decision and his team might have made an assessment that there is value in absorbing Voyager clients and bring them to their own platform, binance.us. There might also be other things that might give Binance an advantage like old licenses that can be renewed, skilled employees necessary for Binance's expansion or some cryptocoin assets still being held by the company. Although this appeared to be a huge and timely statement-- that Binance doesn't have financial troubles or whatever-- I agree with you that this is probably not to prove anything. Headlines everywhere have it that Binance will buy Voyager's assets amounting to more than a billion as if Binance would actually release that huge of an amount. Of course, it won't. But Binance has already benefitted from those news already, especially from those who only read the headlines and not the details. This is probably more business than a statement or a proof of something. So, this isn't altruism for the sake of Voyager's clients, either.
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You're very vague. What do you mean you "realized that bitcoin gives you your time back?" Time can only move forward. There's no going back with time. Time spent is time lost. But if you mean that with Bitcoin you're able to get hold of your time once more, how so? I'm interested to know how Bitcoin has somehow freed you from the mind-numbing monotony of work. What's Bitcoin's specific role in your being "able to work remotely and live anywhere and be happy" now? How has Bitcoin given you that life?
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This is good news. At least they're trying to reconsider their previous policy on Bitcoin and crypto. It seems this bill has a bright future. The chairman of the committee on capital markets in the lower house, which happens to be a former president of the country, seems positive on it and probably influential enough to bring his colleagues into passing it. And if Bitcoin and crypto thrived unrecognized in the country, this will certainly provide a boost to its local adoption.
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Them casino bonuses, there's always a catch. The more you chase after them, the more the casino makes money. Those are designed to entice you, to prod you to go further with your bets. They all love you eyeing on those bonuses. They're there for that exact reason. If those bonuses are your goals, then I guess it's worth it. But to set them as goals, I don't think it's worth it, especially with heavy wagering requirements. Especially if you're only gambling with limited funds and for fun, it's probably better to just enjoy and focus on your games. Let the bonus come naturally.
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Those who have been with Bitcoin long enough knows that bear markets do not last forever. They've been through the cycles themselves. They know for sure that Bitcoin winters are temporary, and when the price bounces back, it will surpass its previous ATH.
As for me, I think I'm immune to bear markets. If the year ends with Bitcoin falling all the way to $10,000, I think I wouldn't lose an hour of sleep. I guess it's the benefit if you're gearing up for the long-term. 2 or 3 years from now, you'll only look back at this time with a smirk on your face.
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It's all over the news. There are articles and videos of it as well. You can easily look for the actual words coming from both clowns online.
I am never a fan of both, but I'm with CZ this time. He's no hero; he's a villain. He's dirty himself, but Kevin O'leary is dirtier this time. He's in a congressional hearing and he doesn't anything relevant to say and he's pointing fingers at CZ and Binance as if FTX and SBF are clueless victims.
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Their main goal is only to acquire the customers data. I'm not sure whether the main goal is acquiring customers' data alone, but this is basically what this deal is all about. It's Voyager's customers that they will have the right to. So this deal is not literally Binance.US buying Voyager Digital assets worth $1.02 billion. The assets won't actually be liquidated. Binance.US won't be shelling out $1.02 billion. They will only pay $20 million for the right over Voyager's customers. Once that's approved, the customers will have their funds back. They're free to decide on what to do with them. This is now way cheaper than when they first made their bid for Voyager against FTX months ago. Binance.US originally offered $50 million for the same, and they lost. Now they won with only $20 million bid.
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Why should one HODL Bitcoin in a decentralized exchange? An exchange is for exchanging Bitcoin to whatever, and vice-versa. If you have no plan of exchanging your Bitcoin, then it has no business in an exchange. If you want to self-custody, then keep your Bitcoin in a wallet that you alone have access and has the private keys.
And I think this is to be taught along with the very basics of Bitcoin. Self-custody, after all, is a fundamental principle of Bitcoin.
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If I love my current company, I think I might politely request for a raise. If I don't and there are other openings out there with a higher pay, I will definitely leave.
But this is not the dilemma from where I am right now. I generalize that majority of workers here in my country don't love their jobs, and they are also underpaid. And not only that, they are also overworked. They are thoroughly exploited but not properly compensated. But the option to leave and move to another job is close to nonexistent. All of them are dispensable. And it's not hard to look for a replacement. A request for an increase is pointless as they are even underpaid. Even the required minimum wage is low.
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