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2721  Bitcoin / Bitcoin Discussion / Re: Russian head of the committee on Energy about selling oil and gas in Bitcoin on: March 25, 2022, 08:19:19 AM
No ser, it is truly cheered by those who care about Bitcoin as a permissionless, censorship-resistant protocol with an underlying nature that can weaken political strongholds. Those who care only about the price are afraid that that would happen, because "Russia Bad will Bitcoin Bad Price Crash".

For Russia and China, Bitcoin is only a toy they can use and throw away. If Russia will indeed sell gas for Bitcoin to whatever sanctioned countries, we may get back to "bitcoin is illegal money" and businesses/individuals getting restricted in using it.


Bitcoin is a permissionless, censorship-resistant cryptocurrency, that can be used as a Medium of Exchange, and as form of self-sovereign Store of Value. If they take Bitcoin as a ground-breaking technology, OK. If they take it as a mere "toy" they can use and throw away, OK but will be laughable, their choice.

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I do understand your point, this kind of use would show how powerful Bitcoin actually is. But if then Bitcoin will no longer be accepted in the western world... it will be pretty bad, and not only for the price.

For "underground" use there are the privacy coins. But I would not be happy with Bitcoin used again only by (some of) us. I want to see Bitcoin accepted literally everywhere, by every merchant/business. The more legit the better.


It will be their loss in my opinion, and Bitcoin will crawl into the systems that the legacy "legal entities" will not serve, and make those markets more efficient. The price might crash, but I'm confident it will surge again.
2722  Bitcoin / Bitcoin Discussion / Re: Impact of bitcoin if Satoshi Identity is revealed on: March 25, 2022, 06:59:17 AM
One of the reason for high trust on bitcoin is that the bitcoin owner Satoshi identity is hidden.


It's because the Bitcoin network has continued doing its job without down-time, and maintaining its ethos/social contract with the community.

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If all of sudden Satoshi come in the public and his identity is revealed, do you think it will have a bad impact on the bitcoin price and it can dump?  Or do you think that bitcoin price will pump on this revelation? Mind you that i am talking about the real satoshi, not the fake ones claiming themselves to be satoshi.


I believe no one would care who Satoshi is. The community might care out of curiousity, but not to decide whether Bitcoin is "good or bad" depending on who Satoshi is. That would be laughable, and stupid. Would you dump Bitcoin if it's proven that Satoshi is Hal Finney or Adam Back?
2723  Bitcoin / Bitcoin Discussion / Re: Russian head of the committee on Energy about selling oil and gas in Bitcoin on: March 25, 2022, 06:36:19 AM

This news is cheered by those who care only about the price (which has indeed started going up), but I fear it will give even more ammo to Bitcoin's opponents.

And BTW, the whole news as I've read it, tells that they consider asking Bitcoin from the friendly countries and rubles or gold from the others.
However, changing the means of payment currency is not allowed by most of the existing long term contracts, so this looks to me like pushing the countries take the (not so easy) decision of finding better providers than Russia.


No ser, it is truly cheered by those who care about Bitcoin as a permissionless, censorship-resistant protocol with an underlying nature that can weaken political strongholds. Those who care only about the price are afraid that that would happen, because "Russia Bad will Bitcoin Bad Price Crash".
2724  Bitcoin / Development & Technical Discussion / Re: Privacy: How to Store My KYC Coins After Whirlpool Coinjoin? on: March 24, 2022, 11:37:23 AM
OP, if you want to "just HODL", just leave the coins alone and send them to your cold storage, IF you currently don't have any reason to require privacy.

Shower thought, if OP requires minimal privacy, can he use BlueWallet, create two Lightning wallets, load one of the wallets with Bitcoin, open invoice in the second wallet, loaded wallet opens direct channel to second wallet, send, then exchange Bitcoin from Lightning wallet to onchain wallet through zigzag.io?
2725  Bitcoin / Bitcoin Discussion / Re: Around 300 to 400 students will be attending my Bitcoin webinar next month on: March 24, 2022, 10:13:38 AM

OP, good luck! Emphasize Bitcoin's ethos and social contract first, and then explain how that's achieved through the usage of Proof of Work. Satoshi truly discovered something ground-breaking. Talk about the market after 30 minutes, and explain Bitcoin's first mover advantage, network effects, and its underlying ability to absorb financial markets by making them more efficient. The dark markets are good examples in my opinion.

Sure I’ll take note of these. I still have at least a month to prepare myself, gathering all of the information to be put to my slides. I already have my old slides from last year and can still use them, but I may have to update some of them though with the inclusion of NFTs, metaverse, etc. But the main focus is Bitcoin and cryptocurrencies in general for their real use cases and fundamentals as well as giving them advice in risk management.


Encourage their imagination by talking about "blockchain". Tempt their greed by talking about "Bitcoin six digits". BUT I believe we must educate the newbies about the basic, ELI5 technical side of Bitcoin for them to have a solid foundation in understanding cryptocurrencies. It goes back to the white paper, and what made everything stick together, POW.
2726  Economy / Trading Discussion / Re: Tips and tricks for day trading on: March 24, 2022, 08:46:56 AM
The best tip for someone like you is to stay away from day trading, day trading is for experts only


But someone can not just become expert in one day, if you are discouraging people not to trade, then no one will be an expert.

now you may engage on it if you want but I guarantee you that you will lose your money


New traders do lose, then best to advice them to use a very small amount which they can willingly offer to lose, starting to trade with $50 is not bad while trading with $10 in each trade

so I recommend that you begin by just holding your coins and then after some time you can lower the time frame in which you make your trades.
Tradimg can start anytime, it depends on the approach used.


That's a waste of time, and your money. If OP wants to treat trading like gambling when he's bored, then OK. Deposit 50 and lose all of it like he played dice. But if OP wants to make some extra profit, best way for us plebs is to save part of our monthly salary and HODL them in Bitcoin.

My advice will always be, "Spend less than your monthly salary, budget your money, pay your expenses, then HODL the rest in Bitcoin".
2727  Economy / Economics / Re: Thailand ban using crypto for payments on: March 24, 2022, 08:30:02 AM
I believe Thailand will launch their own CBDC, the Thai government obviously doesn't want their citizens to have absolute freedom to transact.

This is exactly what happened with the Nigerians government, they did the same thing by placing ban on crypto just to reveal the launch of their E-Naira CBDC, i think you're right, government are contending with cryptocurrency but they lack the understanding that CBDC is totally different from cryptocurrency.


They truly understand. Cool

I believe Thailand will launch their own CBDC, the Thai government obviously doesn't want their citizens to have absolute freedom to transact. But at the same time I believe the Thai government wants to HODL Bitcoin as part of their FOREX/commodity reserves? Why are the allowing Bitcoin as an investment?

Speaking of CBDC, I did posted earlier about the Philippines doing a pilot implementation run on it here.

I just don’t know if CBDC’s poses a threat to the adoption of cryptocurrencies as mode of payment or so. Every country has their own point of view regarding Bitcoin. As you said about Thailand not allowing crypto as mode of payment but allowing as investment, maybe they need to study more deeply about it as they don’t want to be left behind in the trend like the anti-Bitcoin countries right now.


CBDC in its final form will pose a threat to each citizen's right to transact. Everything we have feared as Bitcoiners will be happening in CBDC. Your freedom that you enjoy with paper money right now? WILL BE GONE. They will monitor you, censor you, cage you. It's very important that Bitcoin should be HODLed by as many people as possible.
2728  Economy / Economics / Re: Thailand ban using crypto for payments on: March 23, 2022, 11:25:29 AM
I believe Thailand will launch their own CBDC, the Thai government obviously doesn't want their citizens to have absolute freedom to transact. But at the same time I believe the Thai government wants to HODL Bitcoin as part of their FOREX/commodity reserves? Why are the allowing Bitcoin as an investment?
2729  Economy / Trading Discussion / Re: Tips and tricks for day trading on: March 23, 2022, 11:08:37 AM
Hi everyone,
I'm a newbie and I would love to receive from you all of your tips and suggestions about doing day trading.
I want to understand strategies, websites, people to follow for doing shot term investments.


Don't "day trade", not during the current politico-economic situation, and the situation of the markets both legacy and crypto.

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• Could you explain to me a good strategy?


Buy and HODL, wait for the big DIP. I believe placing bids near the 200-week SMA will be filled, like during both bear cycles.

This graph shows a 200-week WMA heat map, 200-week SMA currently shows +$5,000, https://www.coinglass.com/pro/i/200WMA

Use TradingView, and graph your own weekly Moving Average. Plus use Bitstamp's data.
2730  Bitcoin / Bitcoin Discussion / Re: Around 300 to 400 students will be attending my Bitcoin webinar next month on: March 23, 2022, 08:27:48 AM
OP, good luck! Emphasize Bitcoin's ethos and social contract first, and then explain how that's achieved through the usage of Proof of Work. Satoshi truly discovered something ground-breaking. Talk about the market after 30 minutes, and explain Bitcoin's first mover advantage, network effects, and its underlying ability to absorb financial markets by making them more efficient. The dark markets are good examples in my opinion.
2731  Bitcoin / Bitcoin Discussion / Re: Russian individuals are using crypto to bypass sanctions on: March 23, 2022, 08:13:42 AM
Some people might be able to bypass some sanctions but it’s quite tough to be able to. Most exchanges are KYC & aren’t allowing Russian nationals to trade with them atm. You can avoid sanctions by using crypto but how are they supposed to buy significant amounts of crypto when exchanges won’t accept their fiat?

maybe from p2p trading platforms. but if they are dealing with large amount of fiat, they will be subjecting themselves to possible screw-up. most centralised exchanges require kyc if you are transacting with large amount of money. so unless, the exchange is not putting any restrictions from russian nationals, they can use the exchange. however, with the ongoing war situation, their assets are also in jeopardy once the government will be very strict to the exchange itself. though they can always ask someone they know, not russian in origin to do the conversion for them. a lot of people has connection somewhere in the world that they can ask favour from.


I believe in the saying that, "necessity is the mother of all invention". It will not be an new "invention", but a black market for trading Bitcoin and other cryptocurrencies might be a solution for the inefficiencies caused by the sanctions on Russia. It will also open opportunties to arbitrage for the buyers and sellers operating in that hypothetical black market.
2732  Bitcoin / Bitcoin Discussion / Re: Elon Musk Wont Sell his Bitcoin on: March 23, 2022, 07:18:20 AM
What would make him sell his Bitcoin? This is someone that has a lot of money to spare and if he invest in Bitcoin he doesn’t care whether the price is going up on or down. So, he’s definitely going to keep his investment rather than selling it, because that is definitely going to worth more than it is today in the next few years to come.

And even in the next few years to come if he shouldn’t see the need for him to sell it because he has a lot of money, then he’s still going to continue holding his bitcoins as part of the assets that he owns rather than just selling it. I also don’t have any plans to sell all my bitcoins, although I did sell part of it to take profit when the price was high.


What would make him sell? It would probably if Bitcoin fails to maintain its social contract with its users/HODLers/community. What is the social contract? It's debatable, but if you ask me, I believe they are, "There shall only be 21,000,000 coins", "Anyone can use Bitcoin, permissionlessly", "All users should have the ability to verify the rules of the network".
2733  Economy / Speculation / Re: Buy the DIP, and HODL! on: March 22, 2022, 12:05:12 PM
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Today I become to first Elected official in the world to have his entire salary paid in #Bitcoincash, as our country moves more and more to making use of cryptocurrency and blockchain. Thanks  @rogerkver for the guidance in making St Maarten the Crypto Capital of the Caribbean!

https://twitter.com/mpbrison/status/1505178876015788046


Does the honorable Elected Official actually know that he's receiving his salary in an altcoin, not actual Bitcoin? Roger Ver probably explained how Bitcoin and Bitoin Cash "bilaterally split", and citing Satoshi's whitepaper, Bitcoin Cash is the "real Bitcoin", because "peer to peer cash".

Elected Official, "YES YES THAT MAKES LOGICAL SENSE, I SHALL RECEIVE MY ENTIRE SALARY IN BITCOIN CASH".

This is how early we are. Buy the DIP, and?
2734  Bitcoin / Development & Technical Discussion / Re: Can't NFTs work on Bitcoin? on: March 22, 2022, 08:35:11 AM
On the topic of "who decides what to have how much value". This analog-NFT with the colors of the Ukranian flag is valued/priced at $46,000,000. That's two commas and six zeroes ser, thank you very much.



Analog-NFTs are better, you truly own them. NFTs that don't truly "live" in the blockchain should not be as valued in my opinion.
2735  Bitcoin / Development & Technical Discussion / Re: [Megathread] The long-known PoW vs. PoS debate on: March 22, 2022, 08:21:56 AM
I might not be the best PoS enthusiast but i'm definitely not a fan of Pow, today a new bill was introduced into the EU parliament named (MiCA) legislation, the bill lost votes but it had 28 votes, this bill says that All tokens to stay Legal must move away from the high energy consumption it currently has, I suggest all the PoW people to stop dragging BTC to the mud because of their pride and ruin the whole cryptocurrency movement. this is a dark point in the history for crypto people. Energy isn't free and Bitcoin uses lots of it. and we are playing Russian roulette because bills like MiCA will keep coming and oneday one will pass and it would be too late.

You are a troll or a moron.

Sounds harsh but it is essentially true.


I have developed:

 a  45 kwatt solar array
 a 115 kwatt solar array
 a 280 kwatt solar array

Mining BTC (and shit coins) are a huge incentive to develop solar arrays.


A cooperative interaction between Bitcoin and energy providers will be inevitable, with the energy providers starting to understand their role as a kind of quasi-central bank in the network.

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Rather than blaming mining for power usage. Simply encourage miners that use solar arrays.


It's the easy debate for anti-Bitcoin trolls who believe that if Bitcoin "dies", all the liquidity will flow to their POS shitcoin.

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Problem solved on so many levels it is a joke.

I would say really nasty shit to any one that is against properly developed mining via solar arrays.

This is not a debate it is simply trolls and shills for fiat and anti coins.

My disgust at main stream media is truly bigly larger than both of Trumps hand and feet combined.

I really will leave you with this.





this is a coal strip mine.  Basically a subsidy to coal companies as they are not required to fix it.

Simply make them build a solar array and use it to mine.

All pow problems go by by so long farewell

BTW sorry for insulting you , but I get so fucking pissed off whenever I hear or read what you wrote by you or anyone that is anti pow.


You don't have to convince them because they simply refuse to understand how important POW is for the world, and Bitcoin as designed. Bitcoin was built to survive against an adversarial environment. Proof of Stake doesn't provide the same level of assurances.
2736  Bitcoin / Bitcoin Discussion / Re: Why Satoshi was dumb on: March 22, 2022, 05:33:20 AM
The intention of Satoshi was good. And he was consistent in pursuing it. He simply was a person who have sort of foreseen everything. He seemed to have known everything that would make his invention successful. All things were considered. He made it perfectly. But more than that he made sacrifices for its success.

But to the surprise of everybody who saw and believed Satoshi's vision and invention, shitcoins which were all Bitcoin was not, also sold well to the people. Satoshi must have asked himself, where did I go wrong? Lol.

There are no "good intentions"

There are no "bad intentions"

There are only

[Some action]

Intentions

 Cool

Satoshi knew he had the "formula" for the censorship-resistant network/protocol for "money" that the Cypherpunks have always failed to build. Whatever Satoshi's intentions were, the secret component was adding Proof of Work in the "formula", and Satoshi needed to let the cat out of the bag.

But if Satoshi wanted to create a better money, a currency which is resistant to the abuses of those few people who are controlling fiat, I must say the intention was good. We have a generally bad fiat currency so if somebody wants to correct that and tries to create a much better alternative, the intention must be considered good. To innovate in order to provide freedom for the people is to mean good. Is there even a neutral intention?


It was merely my humble opinion, and you might disagree and you would also be right. But from my point of view, the intention was more technical than moral. Bitcoin had to be invented, and it was Satoshi that invented it first. If he failed, I believe another coder would have discovered that the Proof of Work was the most required component for something like "a Bitcoin".
2737  Bitcoin / Bitcoin Discussion / Re: Prince Philip of Serbia: "only way around inflation is Bitcoin" on: March 22, 2022, 05:09:39 AM
I do agree with the Prince. It is one of the solutions to inflation, and we need to act on it now. It may not be as big of an impact as you may expect, but that's how it will move forward. People need to understand how important that is to the economy. Having more BTC than fiat currencies; it's just to save its value, and continuing to do so would be suitable for financial stability.

It's good to see that Serbia has enacted a Digital Assets Act (DAA). Maybe other countries will follow suit as well.


It's a hedge, and not just a financial hedge, it's an actual hedge against the cabal who were NOT voted in by the people to be in control of the monetary system.

I believe next time we will hear such people as the prince say that Bitcoin is a protocol that can weaken political and financial strongholds. I believe the people are only starting to understand this underlying nature of Bitcoin's design. It is not priced in yet. Cool
2738  Bitcoin / Bitcoin Discussion / Re: Elon Musk Wont Sell his Bitcoin on: March 21, 2022, 11:29:18 AM
Who said that the community should be trusting him? Plus if he cannot be trusted, then Michael Saylor shouldn't be trusted. He is as capable to do anything. I trust Bitcoin as a protocol. That it will keep working and will keep chugging along for years because of thr design decisions made by the Core developers. Elon Musk and Saylor can sell, but Bitcoin remains. Cool
No, no one would say that except for just a few people who benefited from the hype they generated earlier.
I still believe that these two will sell their bitcoins any time they want even when they really have endorsed bitcoin as a good investment for everyone to consider. They are known to do so as a long term store of value and adopt it as a means of payment in their companies, but it is clear they are targeting bitcoin profit.


Everyone is HODLing Bitcoin for profit, BUT that doesn't make Bitcoin less as a decentralized, censorship-resistant cryptocurrency/protocol for payments, nor does it make it less as a self-sovereign Store of Value. It also doesn't change Bitcoin's underlying nature that could weaken political strongholds. Elon Musk is smart, he knows that Bitcoin is not fully understood and it's not in its final form.
2739  Bitcoin / Bitcoin Discussion / Re: Why Satoshi was dumb on: March 21, 2022, 11:17:57 AM
I woke up today, completely lucid, with the following realization: Satoshi was naive at worst and plain dumb at worst.

Thinking one has fully understood other individual's reasoning is imho at least naive, if not plain dumb.
Thinking one knows for sure how much bitcoins other individual has is imho at least naive, if not plain dumb.

From my knowledge one important point in Satoshi's leaving was his own physical security/integrity.
If he's alive and well, I surely hope that he did buy or mine plenty of bitcoins around 2010 so he has a good life.
Since we don't know who is he, we don't know if he has known crypto business and lives between us or he's enjoying life somewhere far from all this.


And any wild guess about what he has done after leaving.. is just a guess. We will probably never know the truth.

OP is merely trolling. Satoshi left nothing, or tried to leave nothing, open for nefarious groups, or government agencies to use something like a "premine" in Bitcoin's boot-strapping phase to FUD the project. Satoshi himself also took extra steps, and made sure his identity is hidden. It might either be, he's someone "known" or he works for a tech company who doesn't want the intellectual property rights of his invention to belong to that company.
2740  Economy / Services / Re: [OPEN] [banned mixer] Signature Campaign | Up to 0.005 BTC/W on: March 21, 2022, 07:43:55 AM
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