But for sure 2023, because you know...there was 2013,2014,2015, and it's really getting late!  


Surprising for who?
For the ones that have emerged from their toilet paper and tinfoil forts and dens and have just realized that the world hasn't ended?
What is surprising in seeing things happening continuously like this, have you watched the tourism numbers? Cancun broke all tourism records, and airports all over the world have done the same leaving behind 2019 numbers, the malls, the parks the restaurants are full, and it has been a pain in the ass to reserve a cabin with some friends for New year's Eve a month ago!!!

Just because a recession might be at the door because we have a 10% inflation it doesn't mean the world is stopping!
People need food, people need appliances, you need a laptop or a phone to post here and if that becomes outdated you do buy another one!

The economy and consumer spending doesn't stop because of a thing like this, it didn't stop in 2009, it didn't stop in ww2, and it's not going to stop now. Despite all the drama people still have money to spend, and if they decide they would want to take advantage of a bargain sale, it's pretty normal to see numbers increase!


Exactly, is fascinating how bitcoiners hop from my coins my bank my decision to the need to dictate to others what to do with their money!

 

And the good news keep on coming

Germany Industrial Production Rebounds In September
https://markets.businessinsider.com/news/interestrates/germany-industrial-production-rebounds-in-september-1031880990


Anmd the thing is even more surprising since everyone was expecting a contraction:

Seems like they interviewed a lot of Russian puppets instead of experts, so not only did it not go under but it grew both on MoM and both on the annual average, keeping 2022 2.6% higher than 2021. And with both gas and electricity prices falling on the spot market between 5-10x times since the peak, pretty obvious, another apocalypse is done for.

Oh, the two "saviours" fo the crypto economy, the ones that have done sooooo much for adoption, that have helped millions earnign a few cents with their exchanges are now damaging the whole system more than ever.

For years I've been telling that those two are one of the most toxic persons in this, both full of lies and manipulating everything, but the masses are in just for the money, Binance and FTX throwing a few free $ in some shitty token and everyone is kneeling and praying to them, and now we get the bill for these, allowing some to grow and become more powerful than it should have never been normal in a decentralized economy.

Little by little, month after month this is morphinginto the traditional stock /banking system we're so used to, with the same forex attacks with the same insolvency with the same fractional reserves, everyone blames Soros for his fx manipulation and crash of the pound, will CZ get the same treatment if he bankrupts a competitor? No way! He just has to print some BNB, make a giveaway and all your funds are SAFU with him safekeeping them, but only him, not somebody else..

Coinbse commerce charges 1%  not a fixed rate
https://commerce.coinbase.com/faq#what-are-the-fees-to-use-coinbase-commerce
Crypto.com charges 0.5%
https://help.crypto.com/en/collections/1512001-crypto-com-pay-for-business-merchant-faq
Bitpay charges also 1%
https://bitpay.com/pricing/

So, leaving aside the fact that you're posting misleading facts about your competition, what are your fees and why aren't they mentioned anywhere on your website?


So you have managed to find a way to spend 100 UTXOs using the same byte size in a tx as one?
Do tell us more about this!

Really? Never thought that! 
If you were asking me out of the blue I could have sworn that there is no day in which you find a problem and you find the solution with crypto 


Yeah, let's print some cryptos because well, being cryptos they don't act as Fiat when they are in oversupply.
Terra has defiantly proved that rptiing 6 trillion (?) I don't remember the number but I know they multiplied the coins in circulation by more than 10x in a day won't affect the value at all.

You don't fight inflation by printing any kind of money, you fight inflation by directing your attacks at one or even both of the triggers, demand, and supply, you have two choices, you increase the supply of goods by investing in manufacturing, cutting taxes, subsidizing production (not the product) or you deal with the demand trying to make people unwilling to spend all their money.
For the thousand time, everyone should look at how Japan was unable to reach desired inflation rates because the people didn't want to spend.


Let's make a poll about a fork of Bitcoin in which everyone in the world gets a few satoshi for free.
You're not going to like the result if we let only newbies vote for it!

One thing, if this kind of panic spread and everyone, like this guy:
https://twitter.com/dCliffb/status/1589416634934231040
goes back to his untouched 2 years old account to withdraw 5$ no company in the world will be able to process all those transactions and withdrawals in time.

Unfortunately seems that the consequences are the obvious ones, as panicked users that FTX might go down are dumping their coins to cash out in fiat, and then everyone will look at each other and say that wow, crypto is volatile when their headless chicken runs caused all this.

That being said, this fresh row of tweets isn't helping:
https://twitter.com/claire_FTX/status/1589384861777031169
https://twitter.com/FTX_Official/status/1589680515426443264
https://twitter.com/FTX_Official/status/1589689317034979329

If someone can explain the reason why they are posting these right now, I'm here to hear it!


When 400 million make your company worth 32 billion.
Nie, let me just go to Aldi buy a 40 euros carpet and raise my home value by 3200 euros.

1. If you think someone in this industry is working for 10$ a day you're deeply mistaken, they are highly paid and everyone gets offers from different companies, even Bitmain tried to bribe TSMC workers to come work for them and the whole poaching scandal nearly resulted in them being cut
2. If chips are in high demand if prices are skyrocketing how are the margins low?
3. 10-15 years? Let's be serious. Besides none of the materials in chops are that impossible to get as obviously, the US is still manufacturing chips, Europe is manufacturing chips, and there won't be any huge next-day change where Intel needs 1000 tons of hafnium per day starting tomorrow.


Or maybe not:

For Chip Makers, the Flip From Shortage to Glut Intensifies
https://www.wsj.com/articles/chip-makers-cut-costs-as-demand-slump-supplants-pandemics-chip-shortage-11667560050

Hmm, does anyone have an estimate on the speed of those rats or an ETA on their evacuation?
There are still 3 weeks left till Black Friday and I don't want to miss it but at the same time, I don't want to spend the full price for a 1l per-minute popcorn machine that should would be needed when this happens.

With every day that passes the whole Defi/Cex/Stable coins/whatever shitshow is just getting worse, I was telling some a few years ago that we're sliding with those to things that match the whole WS manipulation, but now it's more and more like it, the whole crypto industry is starting to look more and more like traditional markets and unfortunately, the first things that resemble each-other are the bad things.


It might be small if we trust Binance numbers, but remember that CZ was the architect behind that incredible volume at OKCoin when everyone knew the numbers are fake, so how much of what Binance claims is true?

I'm totally surprised by the replies here, sometimes I wonder, is anyone actually working for a company, or is everyone here a freelancer?

Nobody in three pages of replies thought about a thing:
There are companies who can't keep their employees because the employees themselves don't want that from the start, from the moment they signed the hiring contract they knew, this is a job for 1 2 maybe 5 years!

If you're a student and you get a job at a call center, a hyper store, gaming testing, or a barista, this is what you're going to do all your life, you're going to serve coffee all your life at the same place for 50 years? Are you going to play Fifa 2100 for EA till you are 65 to discover bugs?
There are millions of jobs that have no retention capabilities at all, nobody wants to work there their whole life, everyone wants to get better paid, less stress, and less physical work and there is no way in hell a pretzel stand in some mall will be able to pay you what a desk job at Exor would.

Again, I'm shocked that nobody realized this, all of you you still think you could have worked for the first company that hired you and you think that company had the profit margin to grant you the wage you desired?

And a sunny day again in Europe, low gas consumption, full of LNG ships waiting to unload while the others...



Ignoring spot prices which are trading 1/3 lower even TFF futures for December(!) are crashing again:



And to keep up with good news,
China's gas consumption may post first fall in 20 years - state energy officials

So not only will China use less LNG as it will buy a few more billion of Russian gas but they re also overall reducing consumption, so moe LNG on the market, cheaper gas, less freezing. And this is good news for the rest of the world too:

Yeah?
Are you sure you want to move your fiscal residence from Germany for example to some third country that out of the blue might decide all crypto should be taxed at 30% and decide to emit an international bank freezing order on your name for not paying up?

You realize that once you move everything that is fiance outside the EU while having dual citizenship every perk of you being a citizen is voided as you can't have them both, and this only to pass a KYC thing that might land you in a ton of troubles, triggering red flags from every FCA since suddenly after getting new citizenship you're funneling money to another country where you don't have a  job, not a business not nothing? The days of Pablo Escobar are gone, and it becomes harder and harder even for banks to hide their own dirty business, small fry have no chance.


Told ya and it's nothing new, it's just Binance catching up to regulation slowly.
I know this from the time I worked for 6 months in Denmark dispatched from my company, Betfair refused to accept any document from Denmark and refused to make the transfer to a Danish bank also despite solid proof I was receiving my salary from a multi-billion international company on that account, I had to upload a bill from a house I wasn't living in currently and wire money to my old bank.

Anti-competitive against what?Fill a lawsuit and see how that will work as there is nothing about competition or monopoly here.

You don't realize how ridiculous it is, the chant here is always that bitcoin will kill banks, effectively creating a monopoly since there will be only bitcoin and nothing else but at the same time you go enraged when a bank decided who it wants to serve! The same age about CEX, there was no need for all of those in the first place at all, and in a true bitcoin economy there would be no need for it either, the whole thing of being your own bank, no third party, no nothing, but god forbid they would get closed as the pitchforks will be raised and lit.


That thing with the refund is the pure example of zealotism I hate so much.

You buy some coins via a bank transfer you send them to a Ponzi scheme and your bank doesn't offer a refund? The evil bankers!!!
Bitcoin transactions are irreversible? That's how things should be!

Too many acts on impulses on the news and too many think with their wallets, not with their brain.

Yes, but that's the exact reason I mentioned the numbers.
Of course, nobody can force every citizen in the EU to stop stealing electricity for any kind of activity, nobody can ban everyone running an Appolo miner that draws just 200w, and there will be people who will still avoid this ban even with ASIC miners.

For example, in my case, it would be easy to hide one or two ASICs in the farm run by a family just as I run a few now completely legally and paying my bill, but in all these cases where somebody can hide a few miners, the overall number won't matter compared to the actual hashrate. It's like you sharing movies with your friends would kill netflix, and we know how that went.

That's what happens when you adopt a legit way of getting a loan to a money printing scheme, in a normal business procedure if a company would be offering you a special loan in which you would have to use a part of the funds for assets that can be collateralized and be part of your manufacturing or whatever your business type is, it would be legit, just as a stretch from issuing shares for expansion would come close to this.

What they are doing is just on a different level, I'm still surprised why the US is still letting them roam fee, but I'm pretty sure if one government agency will ask them to provide the proofs they are not operating like either a fractional reserve or a Ponzi scheme there will be thousands who is defended tether and blame everything on the evil gubbermint.


Remember what I was telling you about how some defend Tether or at least are gullible enough to repeat what others tell them till it ends all over the internet?

The Tether Business Model – How Does Tether Make Money



But, but, you're losing the opportunity to lose all your money 

The whole hash rate that you might feed with staling electricity, just for the sake of numbers, let's say 5%, 15 Exashah, the best gear on the market, S19XP, 100k machines needed, 300MW or a nuclear reactor worth of electricity staling before anything else will not help is a bit when compared to the scandals and the negative representation in the media about the thieves getting caught.

Again, this can't be done by small individuals, with larger it's becoming way risky and if we talk about huge farms that have some shady deals with governments, well, how is that helping decentralization at all when they are killing small legit home miners with their free electricity?

It's nothing new, Bitstamp tried to start charging this half a year ago, but there are others who have done this for a long time, let me quote my post from May 2020 when some were outage that Latoken will be doing this:




Hmm, let me get this right, a fee for inactivity is discouring people from actively using crypto?
This is like an extra tax on unused office space would discourage owners to rent it.  

It's actually encouraging people to stop using exchanges are wallets and stop leaving all their coins on an a CEX that might get hacked or "hacked" and thus lose all their money.

And not only that, it's actually worse.
The same morons will defend this fiat coin to the death, arguing that money printing is not bad because is backed by the same printer, that the coins are secure because that's what some random guy on Twitter said, and most important, it can't fail because he has some, and this will lead to more and more falling for this "stable coin".

I am sure that despite the whole luna/terra fiasco, despite the fact that everyone is saying look what happened, you need to be careful, despite all the sob stories on Twitter from the victims, the same "investors" who put their money in just to keep them safe will again fall for the next scam or failure. And when that happens I'm willing to bet that at least a big portion of the ones screaming how they lost everything with tether are the ones that screamed they have lost everything with ust.

And it will keep on going like this forever, no coin can fix human nature, but human nature can destroy any coin.

The reason for him saying that is right in the article:


TSMC and Taiwan (which at this point cna be considered one entity already) are scared that if their influence in the world would decrease so would the help in case an invasion from China happens. But this is only a speech, in reality money counts:

Taiwan's TSMC progressing well with Arizona chip plant, governor says

Besides, what can they say, that they will lose the top spot and that their business is doomed?
Have you ever seen a CEO saying that the competition will bankrupt his company in the next years?


The foundry price was 18 billions, he spent 44 billions on twitter, do you actually think that money was the problem, besides, if there was a shortage of chips, how was that possible in the context of these small margins you claim?

Bruh, nobody screams in agony here!
The only ones that claim destruction, death, recession, and that the whole country is doomed are the ones that never set foot in Germany in their lifetime. Just look at the profiles of those that scream the economy is dead, most of them are from Russia, Asia, and Africa, people in Europe are not hiding in their bunkers and are not preparing for an iceage.

Read the topic and see how everyone is surprised that the prices are nearly the same as in their countries while the wages are 10 times higher, that the stores are full, all those things are of no surprise to us, people that actually live in Europe. But brainwashed propaganda zealots are having heat attacks seeing how everything still works here.


So you're telling me that in the richest country in the world or whatever you called Russia, the average monthly pension will be not enough to buy one Milka Chocolate a day?
And you guys still consider yourself a global superpower and a model of how a country should work?

I think that the loophole might be in the own system:


so just go to your local branch, ask to make a wire,  sign it and it shouldn't get against the limits, that is if they still have physical offices and have not turned all their branches into kiosk payments only.
If that doesn't work, just have your wife split the funds, 72000 GBP a year would be enough for most families.

The problem will be when they change the limit from 3000 a month to zero a year, that is going to be ugly.



It's the other way around, the limit for 3000 is for buying not for selling, they don't care how much you pull out of an exchange.