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2761  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
2762  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.
2763  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.
2764  Economy / Services / Re: [OPEN] [banned mixer] Signature Campaign | Up to 0.005 BTC/W on: March 21, 2022, 07:43:55 AM
Username: Wind_FURY
Current post count: 7986
BTC SegWit Address: bc1qf20wlaaszm0fzkn0xwjheg5fh2zt4yv2hdaypw
2765  Bitcoin / Bitcoin Discussion / Re: Bitcoin becomes priority alternative when cash fails on: March 21, 2022, 06:45:47 AM
~

They are sanctioned from using the Dollar, but they are still required to pay their debts in Dollars? Wouldn't that make the lender, for receiving payments from Russian companies/financial institutions, be breaking U.S. orders under the sanction? I believe the U.S. have also sanctioned Russian Gold.

My viewpoint truly is, I believe the sanction might hurt the Dollar more in the future, because other nation-states might start losing trust in the cabal behind the U.S. Dollar.

The sanction against using the dollar is more theoretical, the actual way it works is that they can't issue more debt in dollars nor can they ask for financing through most financial systems. But nobody is stopping them to pay from their bank's accounts to some bank in China 1 billion dollars, that's why I told you on the other topic, sanctions don't work by chopping somebody's hand off so he can't play tennis anymore, it's more like nobody wants to play tennis with him at all.
Plus Russian companies' debt and governmental debt can't be sanctions since it's actually not theirs anymore, for example, if the IRS would seize all your goods and funds and bank accounts, they won't cancel your mortgage, that would still be up and running.

As for the second part, I don't know how old you are, but my father when he was a child had nothing else to listen than to all that communist propaganda about the fall of the dollar and look now, 60 years have passed, and the dollar is going strong but people still say it will ...what?
Russians are desperate for getting dollars and you think this will hurt it? Lol.


I believe it MIGHT hurt the sanctity of the U.S. Dollar, I never said that it will definitely hurt it. Do you believe that the United States' actions will strengthen the other nation-states' trust on the cabal behind the Dollar? It might weaken that trust, which was the main point.
2766  Bitcoin / Bitcoin Discussion / Re: Why Satoshi was dumb on: March 21, 2022, 06:26:52 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.
2767  Bitcoin / Bitcoin Discussion / Re: Why Satoshi was dumb on: March 19, 2022, 11:46:01 AM
I can't tell if you are trolling, are sarcastic or serious. The tone is not being conveyed in text form.


He's trolling. Bitcoin would never be where it is currently if Satoshi had greed in the agenda for building the network. To truly be a success, it had to be bootstrapped by the community altruistically. It is always an open source project first, like Linux.
2768  Bitcoin / Bitcoin Discussion / Re: US Recovers And Returns Over $500,000 In Bitcoin Stolen From A Coinbase User on: March 19, 2022, 11:07:26 AM
Quote
The United States Attorney's Office has recouped more than $500,000 in Bitcoin stolen from an elderly citizen of North Carolina. The fraudsters purported to be from the Inspector General's Office. The victim invested his retirement assets in Bitcoin through a cryptocurrency exchange. The transaction was flagged as possibly being an elder financial fraud.

How can the government rehabilitate itself? I realize that an address may be tracked and monitored, but how about a return? How is that possible??

Source: https://bobosandwojaks.com/more-than-500000-in-bitcoin-stolen-from-a-coinbase-user-is-recovered-and-returned-by-the-us-government/

I believe that if you had carefully read the brief article you link to, you would have had a clear idea and you would not ask that question.

As I understand it, the money never left Coinbase. Coinbase identified that transaction as suspicious, blocked it, and alerted the FBI, who would then confirm that it was fraud. The article doesn't say it exactly like that, but that's how I understand it.


If the "Bitcoins" that were "recovered" never left a centralized entity's ledger, then technically no one "recovered" any Bitcoins. We should know the difference between Bitcoin, and units in a ledger of a centralized entity called "Bitcoin". It's truly not Bitcoin until it is confirmed in your Bitcoin address.
2769  Bitcoin / Wallet software / Re: The default Wasabi Wallet coordinator will start censoring "illegal" UTXOs on: March 19, 2022, 10:25:24 AM
But how would developers mitigate this in the next iteration of the "next Wasabi"? Or what other alternatives can be built, using another path, to protect and preserve Bitcoin's fungibility? Offchain layer with Zero-Knowledge Proofs perhaps? Is that possible?

Best alternative wallet I see is Mercury wallet that is working on totally different principle of swaping private keys in secure way, in that way fees are much lower and privacy can be much higher.

I don't think regulators will be able to do anything with Mercury wallet, but there is always good old mixers we all know, or using Lightning Network is viable alternative.

Instead of creating bunch of shitcoin projects, developers should focus more on making better privacy for bitcoin, but hey you can't scam people like that and become rich overnight...


I believe a "for-privacy" offchain layer could be a feaible path for preseving fungibility for Bitcoin. Merely a network for handling a high volume of transactions might not be enough. Lightning is a little cumbersome to use. Users can simply trade their coins for faster shitcoins. There has to be some other form of utility for Lightning that users truly need.
2770  Bitcoin / Bitcoin Discussion / Re: Bitcoin becomes priority alternative when cash fails on: March 19, 2022, 09:11:52 AM
But wouldn't the Russian government start avoiding accumulation of U.S. Dollars currently that they are sanctioned from using it? All Dollars held within Russia and in Russian banks are essentially "erased" from the ledger.

No, money held by the central reserve and their own banks in their OWN accounts and not overseas accounts as collateral is not touched by these sanctions and the Russian government needs dollars because it has debts to pay, one was just the other day, it has to pay the debt of the companies that are owned by the state, the sum is of around 150 billion, that's why they had reserves in foreign nations, to back up this debt as collateral, not because Russia managed miraculously to set aside 30% of their GDP in savings in 3 years.
If they can't service the debt there will be a default, and if their own companies can't do that either there will be bankruptcies, and assets are going to be seized.
It's the USSR all over again, what other choice do they have than getting dollars? Do you think China will accept rubles for their stuff?  Grin


They are sanctioned from using the Dollar, but they are still required to pay their debts in Dollars? Wouldn't that make the lender, for receiving payments from Russian companies/financial institutions, be breaking U.S. orders under the sanction? I believe the U.S. have also sanctioned Russian Gold.

My viewpoint truly is, I believe the sanction might hurt the Dollar more in the future, because other nation-states might start losing trust in the cabal behind the U.S. Dollar.
2771  Bitcoin / Bitcoin Discussion / Re: Elon Musk Wont Sell his Bitcoin on: March 19, 2022, 09:01:02 AM
Whatever criticisms the people say about Elon Musk, which is understandable and he's very deserving to be criticized for trolling the community, nothing will change the fact that he has made one of the smartest investment decisions in history. The first trillionaires might be institutional Bitcoin HODLers. Cool
Elon and Saylor are two of the smartest people with big investments in bitcoin so far. They go in and invest at the right time where they have managed to get a commensurate return on that huge investment. I know they come on behalf of the institution, but they are more forward-thinking than us (most of the crypto community).

We are aware that bitcoin has a lot of future potential, but finances have been a factor why many of us don't invest in the long term. But I strongly disagreed when one of the two investors (Elon Musk) said that bitcoin is bad for nature especially with mining. Regardless of whether Elon sells or not, but he can't be trusted 100% because of his strange behavior. We are not supposed to trust influencers 100%, they also have a purpose in this investment.


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
2772  Bitcoin / Bitcoin Discussion / Re: Elon Musk Wont Sell his Bitcoin on: March 18, 2022, 12:02:36 PM
Whatever criticisms the people say about Elon Musk, which is understandable and he's very deserving to be criticized for trolling the community, nothing will change the fact that he has made one of the smartest investment decisions in history. The first trillionaires might be institutional Bitcoin HODLers. Cool
2773  Bitcoin / Bitcoin Discussion / Re: Bitcoin becomes priority alternative when cash fails on: March 18, 2022, 11:05:43 AM
Sorry to go off-topic but it was an interesting observation that I can only explain as market manipulation (I'd love it if someone could explain any other reason opposite of what I said).

Pretty simple!

In Russia, everyone tries to get dollars including the government which banned dollars purchases, driving a black market which in some reported cases goes to 300 rubles for a dollar, the government is desperate for foreign currency and the lack of it does what you see happening.
In Ukraine, the country is flooded with billions in aid, poeple received a ton of donations which have to be converted in local currency, doing the exact opposite as it happens in Russia, driving the offset between demand and offer down, just the proposed help to date is about 1/3 of the monetary mass in the country.


But wouldn't the Russian government start avoiding accumulation of U.S. Dollars currently that they are sanctioned from using it? All Dollars held within Russia and in Russian banks are essentially "erased" from the ledger.
2774  Economy / Speculation / Re: Bitcoin, I salute your final ATH. on: March 18, 2022, 10:27:35 AM
I believe proudhon and sgbett are probably having the JOMO feeling right now, but I do not know why they are not currently trolling. Are they really buying and HODLing the DIP?

The meaning of JOMO is in this topic, https://bitcointalk.org/index.php?topic=5390052.0

Cool
2775  Economy / Trading Discussion / Re: Do you ever JOMO? on: March 18, 2022, 10:11:32 AM
I learned about this word today too. It stands for 'Joy Of Missing Out".

You were thinking of buying a coin and later that coin dumps to oblivion. That's JOMO!


Hahahahaha! I currently only buy, and HODL Bitcoin. I have not felt the JOMO feeling in a very very long time. There was a few months when I was in my days as a "day-trader" that I felt that very laughable feeling. I believe there are JOMO feelings everywhere during the current stage of the market.
2776  Economy / Trading Discussion / Re: EMA vs. MA(SMA) on: March 17, 2022, 10:16:50 AM
OP, if you are an active day-trader who use shorter time frames, EMA might be better because it is weighted more towards recent price data, but for longer time frames, like weekly charts, I believe it doesn't actually matter anymore. I personally use SMA for my weekly chart.
2777  Bitcoin / Bitcoin Discussion / Re: Bitcoin becomes priority alternative when cash fails on: March 17, 2022, 07:50:53 AM
OP, I believe the priority alternative for the entities that matter is Gold. Central Banks will buy Gold with U.S. Dollars because Gold simply has the precedent of acceptance around the world. Humans have valued Gold for more than 5,000 years. BUT, in due course, I'm very confident Bitcoin will be used for international trade for more efficiency. Gold can't be shipped back and forth efficiently.
2778  Bitcoin / Wallet software / Re: The default Wasabi Wallet coordinator will start censoring "illegal" UTXOs on: March 17, 2022, 07:25:32 AM
Quote

The default Wasabi Wallet coordinator will start censoring "illegal" UTXOs


It FAILED to live up to Bitcoin's ethos. But how would developers mitigate this in the next iteration of the "next Wasabi"? Or what other alternatives can be built, using another path, to protect and preserve Bitcoin's fungibility? Offchain layer with Zero-Knowledge Proofs perhaps? Is that possible?

2779  Economy / Economics / Re: US warns India over oil deal with Russia on: March 17, 2022, 05:13:09 AM
In what currency will Russia be willing to accept, and in what currency will India be willing to purchase? It's expected that Russia will never accept the U.S. Dollar, or the Euro. Will payments be in physical Gold/other commodities, because that would only be the logical choice.

I believe, because of the U.S. government's financial cancellation and sanction on Russia, a narrative will surface. "The beginning of distrust over the World Reserve Currency/U.S. Dollar".
2780  Bitcoin / Bitcoin Discussion / Re: Elon Musk Wont Sell his Bitcoin on: March 16, 2022, 11:09:22 AM
Maybe he thinks that holding a lot of Bitcoin forever will save him and help him become more famous. A whales like Elon Musk can really play the market without worrying to lose their money, perhaps, they can afford it. However, whatever he does with his Bitcoin, people are not interested to know it, actually, we don't care. But believe me or not, Elon Musk is a wise person, he could trick us. he can pretend that he is holding till now, in fact, we don't know the truth.


Roll Eyes

Or maybe he's really one of the smartest, most intelligent minds in the world, and that he truly understands the underlying nature of a ground-breaking invention like Bitcoin. In the history books of the future, Bitcoin will be considered to be a breakthrough the same as the invention of the printing press, the telephone, the airplane, or the discovery that the Earth is round.
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