Stablecoin pose no threat to Bitcoin, as i explained at length in the other thread. You say they are not coins, you are correct, they are tokens, most (all?) don't even have their own blockchain, and they all depend in whoever is pegging their value to the alleged coin. Not only you have to be trusting the government that is backing the real fiat they peg to, now you also have to trust a third party (person or group) that they "back" their tokens with an equal amount of coins (which they don't, they do fractional reserve, and that is a time bomb) AND that they will fulfill their promise at any given time under any condition (they won't).

That is actually a feature. 2 year olds should not be buying things in a store to begin with...

Legalizing Bitcoin doesn't necessarily mean extinguishing your fiat, you can probably keep using both in parallel. But suppose the fiat is killed entirely, i have an idea that, you can go to a shop/venue/whatever and purchase tokens in a machine with your bitcoins. Think amusement park, but instead of using fiat for the tickets, you use bitcoin. In fact you could buy them in advance and pay the lowest transfer fee, then your little ones could use them just fine in the rides they want to go the actual day.

This can be extended to anything, not just amusement parks...

You could also use some sort of card that could be refilled this way, not unlike what mass transport systems use in many countries. The elderly use those cards in those countries just fine (ie. Hong Kong).

Bitcoin is not volatile, its free. Price fluctuation is a good sign, it means freedom, and don't forget its limited, i will always tend to go up because the other coins are unlimited in supply.

Actually the problem is more fundamental than that. Doesn't matter if you "back up" the USD with more gold, or go back to pre 70ies gold standard. Do you honestly think the State would, under any and all circumstances, fulfill their promise? Do you think if every US citizen back then went to reclaim their gold for their dollars, they would have actually had them or willing to give it? The whole "coin backed in asset" idea is flawed in the first place, it think breaking with it was more honest.

You say they have 8000 tonnes, did you yourself went and audited that? Are you sure every single ingot is pure gold and not tainted? Are they in perfect condition, all same weight size whatever? Sure trust a third party to certify that, everyone has to "trust" someone at some point.

Bitcoin is based in a trust-less model, you don't have to trust anyone. There is a source code, it follows that, period.

Going back to a gold standard? I don't think so. Main problem i just explained to you, and perhaps there is not enough gold to back everything anyway, they would resort to fractional reserve, so in short it would be going back to lies, just bigger lies.

Yes some countries want to end the USD supremacy, because it gives a terribly unfair leverage to the USA, they can print some more money than others without being caught. But make no mistake, all fiats are in the same "basket", its just that a few are managed better than others. In the modern world, the backing of each fiat is the economy they represent, no assets in a vault nobody is allowed to see, ever (the vault might as well be empty fwiw).

Federal Reserve? Pff. Want to sanitize the economy? Kick the Chicago boys and summon the Austrians, first thing they'll tell you is to close that and eliminate fractional reserve banking (which is the only reason Central Banks exist). They also want to end fiat and go back to gold, unfortunately actual gold can be tampered. That is the beauty of Bitcoin, no one can fake it. Bitcoin and the Austrian proposals fit very well together, even is some Austrians don't think that way and stick to the original idea of using actual gold as money, because they haven't grasped Bitcoin yet.

Do note there is a huge difference in using gold directly, than a paper that claims can be exchanged for gold. Because the latter, is a promise, that is supposed to be fulfilled by someone, again, the trust model. Trust your government? Your bank? Your company? To redeem those? Hope they never go broke, or a revolution sweeps them away...

Do you think your bitcoins would lose value if a revolution happens where you live? Now think about your national currency. Can you spot the difference yet?

If you trust your distro official binary packages, you should know most distro sign their packages after compiling and the package manager verifies this in case they have been somehow tampered by a rogue mirror or such. This simple concept has somehow evaded the windows world, like forever, which is why they have to do it manually, which of course given the laziness of the average windows user, they never do.

A typical windows user is used to the idea that binaries are downloaded from random web pages, the concept of an official repository is alien to them. Microsoft attempted something with their software shop thing, but with little success. (Bad) habits are hard to break, especially when reinforced over decades of IT malpractice.

Do you still get pop ups? I'm surprised, none of my browsers are allowed to do it, and my Desktop Environment seldom does it, except the occasional Want to save? prompt if i forgot saving a document or such. In Windows i remember some malware faking the whole popup so even the "close" button triggers whatever it wanted to trigger, its just a lost cause, there is no salvation for that OS.

There is Tor, and there is Tor Browser, which is Firefox with Tor bundled and a bunch of preset settings. I don't particularly like Tor Browser, as you can point any browser to Tor anyway, but it was made for lazy people, especially in Windows where its harder to explain people how to configure things properly. It beats me how could people use Tor in Windows to begin with, kinda defeats the whole idea, but even Satoshi apparently made that mistake, ugh.

I don't mind the 70ies, it also brought us the C language and the Unix kiss principle. Microsoft and others actually got into shortcuts, and some other not very fair practices such purchasing companies to deliver products they never had in the first place (See historical IBM/Microsoft DOS deal).

Don't you find it funny they say Japan is at the bottom? You know, home of defunct Mt.Gox, first country to legalize Bitcoin, etc, etc...

You are delusional.

Stablecoins? Really? You have not the slightest idea what you are saying. "Stablecoins" are backed in vapor, a bomb waiting to detonate. Why? Because like State backed Fiat, it depends on a (human) promise, by whoever manage them, and not code, like Bitcoin. Therefore, it takes a human mistake, or intention for it to break into pieces, just like fiat.

"Stablecoins" are as bad (if not more) than conventional State backed fiats. You don't get it, deluded by the apparent idea that all coins should magically be pegged to each other, because you are too lazy to deal with fluctuations (free market). But, you fail to realize that your fantasy can and will break when you least expect it, and by then it will be too late. Yes, just like fiat.

Furthermore, "stablecoins" practice fractional reserve. If you don't even know what that is, you should abstain from making these absurd claims.

Bitcoin has nothing to worry about these "stablecoins", they are but a passing fad, perhaps a tool to use in exchanges by traders at most. No one will give up their USD for fakeUSD "we promise to peg it to USD" tokens that don't even have their own blockchain.

If those altcoins are able to mess a bit the fiats, so be it. Bitcoin doesn't care, its following its code not depending on the whims of individuals or institutions.

All fiats are inflationary and these are pegged to them, therefore they are also all inflationary. The worst of both worlds, the benefits of neither.

Unplug all 3 boards, test each board individually, swap data and power cables, do this for each of the 3 boards.

Don't connect all three, do this test first, its important. It takes time, you should wait at least half an hour to make sure its hashing fine (per board).

I wonder if this will be the end of the USDC tab, and if Polo will launch their own token, because that's the trend nowdays...

Como lo leyeron, 31 paises han sido expulsados arbitrariamente del Exchange basado en Malta, Bittrex. Dan plazo solo hasta el 29 de octubre de 2019 para hacer los retiros.

A los correos envían este mensaje:


Esta es la lista de paises víctimas del nuevo atropello que hace Bittrex al discriminar millones de personas por su país de procedencia:

• Afghanistan
• Egypt
• Bosnia-Herzegowina
• Botswana
• Cambodia
• Central African Republic
• Democratic Republic of the Congo
• Côte d'Ivoire
• Ethiopia
• Eritrea
• Ghana
• Guinea
• Guinea-Bissau
• Guyana
• Iraq
• Laos
• Lebanon
• Libya
• Maldives
• Pakistan
• Sri Lanka
• Somalia
• Sudan
• South Sudan
• Trinidad and Tobago (
• Tunisia
• Uganda
• Vanuatu
• Venezuela
• Yemen
• Zimbabwe

No dicen porqué, pero se merecen todo nuestro desprecio. ¿Hasta donde van a llegar? Saquen todo su dinero de Bittrex como protesta, y boicoteen sus servicios, antes de que también les llegue su turno...

Anuncio oficial.

I am affected, i received this dreadful email:



Now here is the question, Why?

What gives an exchange, based in Malta, the right to discriminate millions of people based on country of origin. Many maybe not even live in those countries anymore, but their supplied IDs (ie. Passport) binds them back. This is yet more reason why KYC/AMC is so evil, and how it lets companies discriminate on arbitrary whims.

On what grounds do the people of these countries deserve such discrimination?

This is outrageous, and i suggest everyone protest and boycott them. Where does this end? If you have any money trapped in Bittrex, take it out before your turn comes. I wonder how much will they steal from those who couldn't get the message in time, because they are in vacation or whatever. Its until 29th, less than 10 days...

Avoid newer cards, use the older, smaller and slowest mini sd card you can find. Don't use SDXC and preferably not SDHC, the smaller the better, under 1g.

I could mention that an old SDHC reader isn't ever going to read an SDXC card, for example, but there is more to it.


Another reason is the way you are imaging the cards. DD under Linux is always the best way, as Windows and osx are too unreliable. In any case do a sync after dd before ejecting.

Bitcoin was not created to produce world peace, reduce inequality, or several many other political things some people often come with. As far as The State is concerned, the only thing bitcoin does, is separate money from State, like religion was made separate from State.

The repercussions of that, you can guess, but that is beyond Bitcoin's control, design or intent. All Bitcoin does is give people a chance to escape from State controlled money, to money governed by a set of rules known as source code. These rules are not easy to change, unlike State money, where a single person can make millions poor and miserable overnight.

Unfortunately poor people are already poor, and they can't do much to overcome it with Bitcoin alone. Only the few fortunate that believed and invested early in the project could have managed to escape poverty, but that is not possible anymore. Bitcoin is simply a better money, for people without access to good money (ie. my country, the worst worldwide). But the people here, earning about 2 to 10 USD in a month, can barely save anything to buy a few satoshis, any random exchange would have higher fees than whatever they would try buying. Save for a year you say? In hyperinflation, the purchasing power of fiat disappears everyday. A year here means a million percent loss.

It mostly means the same, Bitcoin is similar to the precious metals market, but not exactly the same. Sometimes when the economy is bad, and they seek refuge in metals, they also seek refuge in Bitcoin. On the other hand, give current Bitcoin low price, it might even be quite smart move.

In that case you use Tails from a DVD (or usb stick). Update Electrum and use it from there. While you may not do purchases directly in bitcoin at shops, you can exchange for fiat only the minimum needed, do everything from Tails and they can never tell.

If they are prosecuting Tor users, use Tails in a public computer, for very brief amounts of time, and always change place. Or use random wifi access points (make sure your mac address is spoofed randomly, as most OSs seem to do by default nowdays).

If you want to know why buy bitcoin, the reason is simple: To preserve your savings. You might not see it now, but by the time you see it, it will be too late. Its best to have a portion of your savings in bitcoin, in case your fiat crashes, as most often happens when fools govern, fools that defy the economy and think printing will cure any budget deficit just fine, like it happened here, and in Zimbabwe a decade ago by the same kind of stupidity from the same kind of people.

Bitcoin, so you can understand it better, is money that is separate from the State. They cannot "control" it, so they fear it, but they cannot stop it. Just spread the knowledge, and you will see later how everything fits.

Oh and if you happen to leave the country, you won't have problems taking the money out. Or when they order the banks to give you miserable amounts of cash per day, like its done here. Eventually, you won't be able to survive if you just "obey their rules". Consider this your chance. If your "brilliant" ruler decides overnight to make everyone poor by messing the fiat and blame some other "enemy" country, you will have some cushion if you saved in bitcoin.

Now when you think you don't need it, is the time. Later, it is too late. Remember this, and act.

Attempting to manipulate (or state control) the economy is like trying to hold a river. You can stop it for a while if you build a closed dam, but eventually the water will overcome it, no matter how tall, water will always find its way back into the ocean. Of course, the higher the wall, the stronger the impact after its been surpassed.

Little projects (ie. tokens) are easier to manipulate, and pump/dump exploiters have existed ever since trading exists. You do know 5k isn't even 1 bitcoin? Maybe all whales together can no longer affect bitcoin price beyond a few points, while a "half" whale can crash any random new ico/token. There are of course also cheaters/scammers that never intended to make the project they promised, but the small honest ones are also at the mercy and if they didn't think in advance, they get swallowed.

Its just one more reason to stay away from those.

As for regulations, some countries have done it, but an universally world prosecuted thing, doesn't exists. Which is why you see countries like China banning the icos altogether.

I also got scammed by my own government in a State ICO pre-sale. Who do i turn to, the UN?

I think you should move this thread into Service Discussion. I saw a couple of yobit related threads there recently, perhaps you should consider joining with those there.

One of those threads mentions DoS attacks going on, maybe its related, maybe not.

---

PS. Never mind, if mods think this goes better into scam accusations...

Don't bother changing the fonts by forcing specific font names, everyone's system is different; Arial for example is a Microsoft font, don't assume everyone has it.

You could try using generic-family fonts, such as [font=serif][/font] but don't bother picking an specific font name.

Oh, and its not san, its sans-serif.


I'm generally opposed to the idea of people trying to force their font preferences. Sans-serif vs Serif is generally assumed to be a matter of readability depending on your display, with sans-serif being more legible with low dpi screens, and serif with high dpi screens. How are you going to know which person uses which? Do you think everyone is using anti aliasing, and a good one, or that their fonts are vectorized and not bitmapped? You just don't know.

Not true, you can have a centralized blockchain, just run a single node. That is why blockchain alone is insufficient.

You would be surprised how many people abuse the word "blockchain" because it sounds trendy.

This is the same thing as running Tails alone from a DVD. You can install anything to the running live session (as long as ram permits) then just turn off the PC and all you added is gone.