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2301  Economy / Exchanges / Re: Bitcoin ATM Operator Coin Cloud Files for Bankruptcy on: February 10, 2023, 07:35:15 PM
~

Eliminating the out and out owners taking money out of the company. If they bought a lot of BTC during the 2021 runup ATH they might have wound up selling a lot of it at a massive loss.
As a person you can DCA a lot of things, as a business that is in so many states / locations they may have actually been selling $55k BTC for $30k or less. And at that point you really can't afford to buy more since you are now in a loosing situation.

Wait a minute, why would they have bought and held for long term any kind of cryptos in the first place?
They are just intermediaries between the exchange on which they buy and liquidate coins depending on the order received at the ATM, even assuming each of those would get more than 10k a day which is highly improbable they would still need to hold at any time more than 50 million in assets at any time, and they would keep adjusting those as the orders flow. They are just munching on fees, they don't have to stock up on anything, if they want to invest they could do that with a separate business but not throw operational funds at that.

Add on some inflated salaries and too much staff and it's not that hard to get to big numbers quickly.

This one might be indeed, maybe some secret headquarter in a penthouse in the Bahamas also?
2302  Economy / Economics / Re: The fear of global recession is real or just a speculation? on: February 10, 2023, 07:20:38 PM
After we have battled the pandemic and not gone extinct, survived the great toilet paper shortage, and managed to survive without cooking oil,  surprisingly we here in Europe haven't yet frozen to death, we have been able to avoid eating our pet hamsters, managed to survive another wood, lumber and coal shortage, seems like even the egg crisis will go away and despite the fears of bankruptcy and recessions the EU economy is still growing (inflationary adjusted), how could one that has witnessed all this fearmongering and all the experts predicting a billion crises feel?

Quote from: Sayeds56 link=topic=5439201.msg61735614#msg61735614date=1675951827
The real challenges for policy makers are growing debt, climate change and increasing frequency of natural disasters, such as earthquake,

How do you deal with earthquakes? Besides, do you have any source for that increasing number and frequency?

https://ourworldindata.org/grapher/earthquake-deaths?time=1950..2017
https://ourworldindata.org/grapher/decadal-deaths-disasters-type?country=~OWID_WRL
https://ourworldindata.org/grapher/economic-losses-from-disasters-share-gdp

If that's not recession, then I don't know what is. Iphone is simply the best electronic device that everyone wants to buy but somehow people can't do that. That's because they have to pay for their rent, food, water etc and there isn't any money left to buy an iphone.

Look from all angles:
https://ycharts.com/companies/AAPL/revenues
- it went down 5% compared to 2021 but it's still 5% bigger than 2020 and 30% compared to 2019.
Leaving aside the lockdowns in China, there have been already signs immediately after the launch of the 14 that a lot of users will simply not upgrade just for that, iPhones are optimized to run easily and no 13 users are experiencing any hiccups so a lot of them are deciding to upgrade less frequently, my father is still happy with his first one, an xs and doesn't plan on ever changing it unless it breaks.
Apple will need to adjust its business model, this is not 2014 anymore when you could double specs in two years.
2303  Economy / Scam Accusations / Re: Colelcting contact information by the name of Job applicaation on: February 10, 2023, 06:45:42 PM
I don't get it.
There are hundreds of ads for call center jobs, for virtual assistants, if you accept the job wouldn't you at one point still have to provide them all the data they ask for, phone, skype, email, name? The guy seemed legit, you said no, he said ok and that's it if his target was to gather your data he would have probably insisted, and furthermore, probably had made a far more attractive ad and offer, right?

That being said, ..., how did you end up applying for..
Quote
Responsible to post NSFW pictures to reddit and other sites for marketing /promotion in the adult industry.
before I could get the job?

2304  Economy / Exchanges / Re: [2023-02-09] - Crypto exchange Kraken ends staking programme and pays $30mn in.. on: February 10, 2023, 06:35:20 PM
This is starting to get ugly for Kraken, one small step at a time
- 30 million fine which is easy to pay but a huge chunk of revenue and customers gone
- IRS  again filing for a court approval to check the user's finances and tax liabilities
- exiting Japan and now Abu Dhabi

The surprise came from Coinbase, as they obviously are going to be next and they are already on the offensive, but there was one tweet from Armstrong and one tiny phrase that caught my eye:
https://twitter.com/brian_armstrong/status/1623459203150131201

Quote
Staking is a really important innovation in crypto. It allows users to participate directly in running open crypto networks. Staking brings many positive improvements to the space, including scalability, increased security, and reduced carbon footprints.

And it immediately backfired  Cheesy

2305  Economy / Reputation / Re: Discrimination against bounty hunters on: February 10, 2023, 06:13:17 PM
There are two kinds of bounty hunters. There are those who ONLY do bounties and nothing else. You can recognize them as accounts having hundreds and thousands of posts without a single merit. And there are bounty hunters who partake in bounties and use the forum the way it was intended - talking and reading about Bitcoin.

The first group are a problem. Not a problem as much as they are useless to the functioning of the forum. Imagine going out with 5 friends. The four of you speak with each other normally and discuss various topics. The 5th one doesn't take part in your conversations, but he is a nuisance because he insists on barking out random words and sentences.

I don't think it's really accurate or fair to split them like this.
There is a group here that is interested only in bounties and that isn't making a single post outside the bounty section, all they do is post their proofs and sometimes argue about not receiving payments, they don't interfere at all with the other discussions in other boards. I think those are not doing any harm at all, as long as you have the altcoin section on ignore you will never know that they exist, so I actually have nothing against them at all.

The most troublesome are the ones that enter bounties that are required to make posts on other boards, often in areas where they have almost no clue what they talk about since most of them are not actually dealing with bitcoin at all but most with ETH or BNB and their tokens, so they don't even know how bitcoin works. These indeed, are really annoying, especially when they use translation and don't bother to read replies or go into necro-ing 5-10 years old topics. This is a different thing, but it's not only related to bounties, the yobit spam is proof every campaign bad managed can trigger such an issue.

So, maybe three kinds of?
2306  Economy / Exchanges / Re: Bitcoin ATM Operator Coin Cloud Files for Bankruptcy on: February 10, 2023, 05:49:58 PM
The company's largest creditor is Genesis Global Trading, which has an unsecured loan of just over $100 million.

Oh god! This shit is going out of control, just when it seems as it stopped for a moment there you have another one going bankrupt who owes money to a company that just filed fro bankruptcy, Gemini will have to cough another 100 million to bail out Genesis again just two days after the first batch.
How, just how do you burn 500 million dollars? How the hell do you manage to waste $100k for each installed BATM?
From the filling seems like they haven't paid a lot of shop owners for the rent, maybe? I see a lot of names there are for sure gas stations and chain stores.

Not sure how this work but why is every state listed there in the creditor matrix, taxes?

I do hope that they survive as well, but there is another "problem" with them (at least for me) : they are often located inside some other business and not right outside on the street (I used BATM in several EU countries and never saw it right outside) like a regular ATM so when you need money in some weird hour or during the weekend, you may not be able to access it. And that should be one of the main ATM advantages.

It's because of the risks involved, you might have a gang buying 50k of BTC, grab the coins and then blow the ATM and there you have it, and nobody is ensuring these at the same rate as banks do. Plus, a lot of them are really cheap stuff, not even close to the normal level of protection a normal ATM has, I saw one of those getting refills and I could probably bend the inner case with a simple crowbar in one swing.


2307  Economy / Service Discussion / Re: Curious Address - Concerning on: February 10, 2023, 05:10:32 PM
Thank you for all your kind responses, unfortunately it does seem it’s a scam how would I report this website to ensure this doesn’t happen to anyone else?

You contact
- domain register, Namesilo,  abuse@namesilo.com https://www.namesilo.com/report_abuse.php
- actual hosting company OVH GmbH,  absue@ohv.net https://www.ovh.com/abuse/#!/
You file a complaint with your local pice or cyber crime branch if you have one.

That being said don't expect anything from that domain registrar, maybe the host will do something but that depends on what proof you send them and your overall story. For the police, they will have to act, but with the time it will take they would have already abandoned the website by then.
2308  Economy / Economics / Re: Open AI CEO says his tech is poised to "break capitalism" on: February 10, 2023, 04:54:29 PM
Quote
Marx's Revenge

Revenge, or blodbath!
The millions of people that died because some idiots believed in his utopian dreams had been enough to make his soul never find peace.

Havent you watched Black panther? Pretty much science in that movie is basically calculated by AI and humans are only creating whatever the AI calculated. Yeah I know its just a movie but basically the world as we speak will always head to the future so there isnt 0 possibility that we might not be heading to a future where everything will be generated and designed by AI

Have you watched the Jetsons? I'm still waiting for that flying car that was promised to the whole world before I was even born, yet all those promises are broken, all the IoT hype has died down, and suddenly because they've managed to create a piece of software that can write articles from data inserted in by humans, thus making the same human errors we again are facing another cultural revolution.
Replace workers? There is already a dire need for high skilled jobs in the EU , with as many as 700 000 need in Germany alone, every company has a problem getting employees and people are speaking about a 50% cut in the workforce.

Automatization of repetitive tasks in which humans are prone to mistakes is one thing and it has happened since the industrial revolution centuries ago, having an AI tell people what to do and how to do, that's different thing

If so, how does it actually break capitalism? On the contrary, it actually reinforces capitalism. It boosts capitalism. If huge companies in the future would no longer hire human beings for manual labor and other skilled jobs, it doesn't put capitalism in a disadvantageous position; it actually drives it forward.

Shh, don't tell commies that.
They might remember how they built their commie societies in the first place. You take everything from the rich guys, which means money, business, properties, and things like..capital..ups!!! Grin
2309  Economy / Economics / Re: The lies about "If invested $1000 during IPO for MSFT you would have made $1.6m" on: February 10, 2023, 04:38:02 PM
The lies about "If invested $1000 during IPO for MSFT you would have made $1.6m"
~
Let’s make some most ideal outcome, assume we achieve the bestest ever outcome[/b], we have US 200m population in 1986, say 10% population is 20m capable adult invested each $1000 into msft, each of them to be worth $1.6m after some 40 years... let’s do some simple maths.

The title was about a person investing, it didn't claim if everyone had invested everyone would be rich making millions!
If every single person in this world would have invested 100$ in Bitcoin in 2009, then the market cap of Bitcoin in 2009 would have been 800 billion or twice what it is now and nobody would have made a penny as it is!

Microsoft IPO raised $61 million, so do the simple math from that, not on how much could have been achieved if everyone would have poured $1000.That's how investment work, some invest and get profits, and some stand on the side and criticize things and try to find a flaw 30 years later, nothing different from Bitcoin.

2310  Economy / Service Discussion / Re: Curious Address - Concerning on: February 10, 2023, 03:16:13 PM
the website is called Bonzer trade.

If it's bonzertrade(dot)com you can be sure you got scammed.
A wordpress website without any info, fake reviews with pictures grabbed all over the internet, no adress, no contact, unable to spell even basic words like "METHODLOGY", but at the same time claiming shit like this:



Quote
We reserve the right to change the rules, commissions and rates of the program at any time and at our sole discretion without notice, especially in order to respect the integrity and security of the members’ interests. You agree that it is your sole responsibility to review the current terms.
Don’t post bad vote on Public Forums and at Gold Rating Site without contacting the administrator of our program FIRST – whether or not there was a technical problem with your transaction – always CLEAR the irregularity with the administrator.

Yeah, lol, ToS is just laughable, put there only to scare people off if they dare to confront the ones running the scam.

What is KYC, I’ve already emailed them to discuss this as I was obviously concerned.
https://en.wikipedia.org/wiki/Know_your_customer
Basically, you'll be handing some scammers your documents and most likely you're not going to see a penny back.

So, how did you end up on this website?

2311  Economy / Scam Accusations / Re: Wiped up tokens by Scammers on: February 10, 2023, 02:56:07 PM
I lost wallet address and instead of Luno helping me recovering it, they end up wiping my remaining investment and put me wrong user information which i was not able to access my coins.

I'm pretty sure you've got scammed by a fake support account here, isn't it?
How did you contact Luno to help you recover your funds?

In another occasions, I was trading quietly on Hantec when I decides to involved myself with their investment platform where they offers me a lot of interest, I was so excited that it was keep coming, so I summoned mind to increase my investment on bitcoins with them, I put both my capital and all the interest I have earned from them, then after a while an issues system glitch came onboard, from that I was able to access my account, before I could realized the site is shut down.

There was no system glitch.
The scammers saw that you weren't going to deposit more money for your fake gains that never existed, other people weren't depositing either and so they decided to shut down that site and open another one to lure more victims.

I think you are not using trusted platform on your trades. I never heard about an exchange name Hantec. Where do you get this kind of exchange and are you not familiar on Binance?

I suppose it's Hantec Markets, it's a FCA licensed fx broker, but I wonder if  OP used them and not a clone, or someone impersonating them, it wouldn't be the first time:
https://www.financemagnates.com/forex/regulation/fca-issues-scam-warning-as-hantec-markets-site-cloned-twice/
2312  Economy / Economics / Re: Cash must be king, Giorgia Meloni tells shoppers on: February 10, 2023, 02:14:33 PM
Crazy women that wants to throw Italy into stone age. Today she does not like cards, one of most convenient payment options, and votes for cash, tomorrow she will say that linen bags with gold is more suitable, then we will go back to direct bargain such as item vs item.

Who said anything about sending Italy to the stone age?
Nobody is banning any card payments it just raises the limits on how much you Can pay with cash, and Italy had lower limits than a ton of countries in the EU.

Italy had a limit of 2000 that Meloni wanted to be raised to 5000, Germany, Denmark, Austria, and Ireland have no limit, and what's more interesting, there is no limit in Sweden either, which is the most cashless country in the world right now.
https://www.europe-consommateurs.eu/en/shopping-internet/cash-payment-limitations.html

This is simply astonishing, we're here on bitcointalk where we're supposed to talk about freedom of your personal finances and you're here criticizing somebody that wants to allow you more options for payment and no limits. How does this work?


2313  Bitcoin / Bitcoin Discussion / Re: What's happening in The Central African Republic? on: February 10, 2023, 01:59:43 PM
“There was no not even a single business that accepted Bitcoin. I gave my guide a tip in Bitcoin. I paid my host in Bitcoin.”

Hmm, this line is a bit contradictory
Not a single business accepts Bitcoin but he did pay in Bitcoin, so they can still deal unless that host thing was also just extra, and the main fee was paid in cash.

It's ridiculous the government don't want to buy Bitcoin using their fiat money, but they're trying to buy Bitcoin using their own centralized token which the funds will come from foreigner's funds.

I don't think it's ridiculous, it's the only way to fund that!
CAR doesn't have money to buy Bitcoin, funny thing, is they can't print money thanks to the CAF so their only way is to print virtual money and get real hard cash or coins in exchange for it. Either way, Sango is a failure.

Everything has been working alright

This is what I'm asking, what was working alright since we had no news after the law made it legal tender but we had those two articles which I quoted above where it seems they've backtracked on that issue. Well, I do understand the lack of information, with the current situation as they are more interested in war and disputes than building something is no surprise the number of tourists is probably abysmal.
2314  Economy / Service Discussion / Re: What after localbitcoins.com shutting down on: February 10, 2023, 01:40:15 PM
dont act as a spectator, be a player than probably your comment would matter..

Exactly what I'm doing, not acting as a spectator and reminding people what kind of hyena is now spamming around here

There is a KYC free alternative to local bitcoins. It's called Particl marketplace.

LB was an exchange, not a marketplace, the two are completely different.
LB was used exactly because it was easy to deal with it, you would just look at the prices, decide from who to buy and which method, and at least here in EU with instant national transfers you could get your coins or funds in minutes and finish the trade.
That's why some don't get why other solutions are not getting traction, as the situation is now fewer people care more about privacy than about how fast and easy things can be done, that's why Bisq has dozens of traders and Biance p2p thousands.

I do not have charts for trading volumes, but the platform seems profitable, perhaps their profits decreased and therefore they preferred to stop rather than the platform dying, but the advertisement is somewhat strange.

Most likely.
https://coin.dance/volume/localbitcoins/ALL
Their volume went down as BTC went down, from the 45 mils a week to 6 mils a week, at some point maybe the profit from it simply doesn't make sense anymore and you're better off just quitting. Assuming they are getting 1% of all that volume it would be $3 mil a year, with 50-100 highly paid employees in Europe as they claim just the wages and taxes and rent would drive that to almost zero. If he's an early adopter probably he has 100x more than what would be left over a year stashed in BTC already.
2315  Economy / Scam Accusations / Re: Ponzi SCHEME Bitnaka on: February 10, 2023, 12:42:32 AM
And how could such prestigious company who promised hundreds of thousands of dollars only have an initial capital of 100 GBP? And only one registered staff? I thought you said you have a team of professionals?

Oh, nice one, you made me look over at the staff name, and that one does ring a bell

BITNAKA LTD
https://find-and-update.company-information.service.gov.uk/company/14170123/persons-with-significant-control
Mr Kendrew Greg
Date of birth
December 1991

BIT NOVA INC LTD
https://find-and-update.company-information.service.gov.uk/company/13759030/officers
GREG, Kendrew
Date of birth
July 1991

TRADENANCE LIMITED
https://find-and-update.company-information.service.gov.uk/company/12005884/persons-with-significant-control
Mr Kendrew Greg
Date of birth
July 1980

I find it interesting there are 3 ponzi schemes (two which have already exist scammed) run by three Kendrew Greg with different birthdates.
What a coincidence!

we have research abount bitnaka company the Bitnaka limited is working with trading bots they have created 6 bots



What a coincidence! Again!  Grin
2316  Economy / Reputation / Re: Discrimination against bounty hunters on: February 10, 2023, 12:00:45 AM
What will happen if all or majority of the bounty participants stop participating?
How do you all expect the managers to survive without having those to participate in the work they bring?
Do you think project teams will keep on paying managers without seeing impact of promotion?
How can people be aware of new and upcoming projects without bounties?

What will happen if all countries ban cryptos and prices plunge to zero?
What will happen if Theymos is arrested and the forum is seized?
What will happen if Satoshi comes back and says this is Bitcointalk, not Altcoins talk, and trashes the entire section?
What if Musk decided that all those accounts involved in bounties are against the ToS and bans every single one that is caught spamming 100 posts a day?
How have 7 billion survived to date without bounties, how is the entire world still spinning around even if "projects" are fewer and fewer and the payments lower and lower? You have some really weird egocentric view where you think this is the only way for things to still go on and the only way for some people to cling to hope for the better and a "raison de vivre". Well, it's not!

As for how can people be aware of new projects, hmm, how many bounties has Satoshi run for Bitcoin? Has Ethereum also run a bounty here?
We have 398 pages of bounties, do you think you can make more than one page of topics of coins that are still alive out of those?
You see, anyone can fire one hundred questions just as you did, do you have an answer for all of them?!

Let respect their choice.

Respect is earned, not given!
LE just to make sure:
A guy that wakes up at 4 am for the crappy low-paying job he has and does this every day without bickering once has all my respect, a guy that makes clicks 100 times a day and demands respect for that will not have any of it!
2317  Economy / Service Discussion / Re: Mining on cryptocurrency. on: February 09, 2023, 11:21:04 PM
   Who has been mining any cryptocurrency and have succeded in withdrawing his money, cause I have minied so many cryptocurrency for past years and presently now, but has not have access in withdrawal.

A lot of the guys active here in the mining forum, who actually own their gear?
But yeah, pretty obvious what happened, and sad that it's 2023 and there are still users falling for cloud mining scams.
I don't really want to sound harsh but how have you let this happen for so long and haven't learned that "mining" where you buy packages on shady websites that promise you great returns is not mining at all and just scams?

With mining is the same thing as with bitcoin:
Not your keys, not your coins. Not your miners, not your income.

Now, about the bolded part, we can already picture what kind of site that is, but do tell us, what's the name and adress?
2318  Economy / Service Discussion / Re: What after localbitcoins.com shutting down on: February 09, 2023, 10:59:16 PM
You couldn't wait for this moment to shill your coinbaazar exchange, could you?

I've once read that hyenas are very patient, seems like the humanoid type can't even half a day before trying to get a bone, even if the victim is still moving.
I knew the name looks familiar, no surprise:

Second, when checking the forum about "coinbaazar" in the last year there are only your posts and your previous sockpuppets topics , 3$ for sending my details to some shady LLC that uses 10$ fiverr videos to promote itself as some reliable company, no way.
Btw, I've seen this guy in 20 videos by now, is he that cheap?

The exchange with sockpuppets bumping a dead topic, a Fiverr presentation, and photoshopped pictures did I forget something?

It's been several years since I last used them but I'm sad to see such an advertisement, they don't give any details about the reason for the shutdown and blaming Crypto Winter seems like a nonsensical argument.
Does anyone know more details and whether it is related to a regulator or exposure to bankrupt platforms?

It's not about exposure, is dying volume overall,  far more competition and getting things even more complicated is the fact that they were dealing in BTC only, buttimes have changed and more users with a ton of coins want to swap in every kind of token, not something they built their business for.
2319  Other / Meta / Re: Selling bitcointalk account is allowed? If not, the post should not be deleted? on: February 09, 2023, 10:37:40 PM
For why I have created the topic so that Mods think again if something needs to be changed.

It's not Mods who have a say in this it's Theymos and the last time he touched this subject (as far as I know) his opinion was that even if we would attempt to cut on these kinds of trading happening on the forum they will just move over in private deals, so, there you have it. And from the number of accounts we run into every day that have changed from speaking perfect English over a long break of a few years to being active only on local sub-forums, I'm pretty sure a lot of them those deals are indeed not happening through opened topics.

Besides, when you say these harm Bitcointalk directly, so do HYIP schemes as obviously it's going to be forum members who get tricked but we still have a section full of them.
2320  Economy / Gambling discussion / Re: What most gamblers do. on: February 09, 2023, 09:23:32 PM
I want to ask a question. And I need serious answer from this forum, and my question is WHY DOES A GAMBLER DON'T HAVE A SAVINGS.

You're generalizing and this is never a good idea.
There are a lot of people from everywhere that don't have savings without being gamblers, the same thing is the other way around, there are enough gamblers who have more savings than the average non-gambler:
https://www.bi.team/blogs/dealing-new-data-what-bank-transactions-can-tell-us-about-gambling-behaviour/

Quote
A new survey has found that 29% of Europeans don’t have any personal savings, neither do 16% of Americans nor 23% of Australians.
vs
Monzo’s below-average gamblers contributed 42 times as much money into interest-earning savings accounts than they spent on gambling, while above-average gamblers contributed only 0.1 times as much as they spent on gambling.

Also, since you're a gambler yourself, does that mean you don't have any savings also?
Quote
I just stick real Madrid to win Valencia with my last $100 and the odds just increased wooo
Hmm, look who's calling the kettle black!   Wink



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