Desperation, your name is pooya87!!!

After getting hammered with all the news that there is sunflower oil in superstores, that we have more than enough food, that gas has dropped 5x times, that the German economy has still posted growth in the last trimester, that there was no wave of 60% of bankruptcy now it's clinging to straws time, one company one out of one thousand.

Don't worry, the company has already been bailed, 28 billion is nothing, it might be much for the Iranian economy which is half the size of Bavaria, but for a 4 trillion economy is peanuts. Worry about your crumbling toilet paper rial that just hit the lowest against the dollar and stop caring so much about countries you will never get a visa for. 

As for the stock market crash, DAX is recovering pretty well,


must be really painful for you.

But keep it coming, those topics full of flaming hate will keep us happy and warm in winter 

Hihi seems like their partner cryptoconvert just added a bit of capacity over LN just at the start of the month probably when the partnership was finalized. Anyhow, it's still the best combination to date, you still keep your coins in your wallet and you pay over LN if the third party has enough funds and liquidity the strain on the main chain will be limited to a few transactions for thousands of clients.


I assume this is in rands, so 3 US cents, slowly we're getting rid of the "fees are higher than a coffee cup price" saga.
Now let's see how this goes!

Just to make sure that I don't get misunderstood because of the previous post.

Yes, it's damn frustrating to not see action taken, and it's frustrating to not even get a reply on your ticket/report, but at least for me this won't be a stop in sending a few emails, after all, it's a 3-minute thing that could prevent somebody losing years of his earned money to a piece of something scammer. And a ton of frustration comes from the lack of feedback, at least if they would deny it, if they would say like Twitter did that they haven't found any problem with an account promising double the money, but the silence is worse than this.


Since the .one is now redirecting to the .xyz I don't know if it's the same guy, but for certain it landed in the hand of the worst one to date, the owner of the xyz that now tops the search results because of his fake complaints to Google.

You, Hitler and who else thinks of this?


And while we're still at this let's compare pubs with ASIC miners, wallets with the Dorset cliffs, porridge with private keys, and Mark Karpeles with the Queen, cause it all makes sense.


If you mean simple as simple-minded void of any actual number, yeah you got this right:

Uk, M2 supply  $3.6 Trillion, exports $714 billion.
China, M2 supply $37.5 trillion, exports $3548 billion.

Uk wins this by a double ratio.

And I was telling you he is a wannabe JP Morgan and from the looks of it might end like JT Heath (the guy was lynched).

No wonder he has become so eager to see everything regulated and which that much emphasis in his speech on stablecoins and tokens, he knows that with one wrong step, and FTX token is in trouble, and if that happens the rest goes like a house of cards without a money printing machine, nobody with a brain isn't aware of that after the latest series of fiascos, and he, with his involvements in voyager and celsius knows very well what happens.

That being said, FTX the exchange won't go down, the thing is just way too profitable, but the empire that he wants to create for our sake might not see the end of this bear season.

If you're extremely lucky! One year since I posted in here:
[Warning] Fake Chipmixer website

is even worse, Namecheap was at one point taking off Ponzi schemes in a matter of days, disabling mining gear shops (probably for internal investigation) and then erasing the domain altogether, especially when I (and probably others) mentioned they were using a copyrighted name but after a period, nothing.

And even if they suspend the account, the domain just pops-up back again once it expires, brand new

You're overthinking stuff.
All I need to do is install electrum on a laptop and get an address and the seed of the wallet.
Erase everything, throw away the laptop, send the address to the middleman and watch the address in mempool, when the deposit gets confirmed I hand the documents to the spy, I get my passport, I fly to Salvador, and there I restore my wallet. 

You don't need to be connected to anything to receive, also I don't think somebody who has done this and got enough in payments will linger that much in the states after it.


Coming from a country that after the fall of communism was corrupted as hell, I wouldn't really care about things 10 years after the event.
The first thing that can send you to prison is to actually receive the bribe and if you don't spend it because of a guilty conscience with BTC at least you can be safe, with any other method you're in danger, bank accounts, gold, a suitcase of money, with everyone is the danger of either being traced or having been filmed when you pick it up.

With the coins in your wallet, you can wait 10 years, become a grandpa trader,  buy a 5 BTC sell 7 BTC, declare all profits, and be totally legit.
Oh, and since you're mentioning yachts, there is no way in hell and no bribery method that would cover something of that size, at that point you have to be the law, much like in Russia for example.

So, a full trading day was over and it was rather uneventful, every single move was already priced in, and not even the full speech about the future possibilities dint triggered anything but rumors that dies down pretty fast.

If there will be a rally most likely the first possible date for it will be Nov 10, that's when the inflation data is released, if inflation growth has cooled off or we see things better than expected this will mean no more aggressive rate hikes and probably straight to 25k at least, a few good months and we will revert all the loss when this shit started back in April.


One day, but it's nowhere near.
Just the fact that we're still down 50% since spring despite inflation it's a clear thing that it's not fiat currently that is losing value the worse.
If those months have attached us a less is that you simply can't think of an asset commodity or whatever investment to go x10 in value in difficult economic times, for one to gain value you need money and there is not that much on the side for investment currently.

He's thinking of the ROI when saying double and he's got that 15k value from studies like this:
https://www.visualcapitalist.com/cp/the-cost-of-mining-bitcoin-in-198-different-countries/
pretty sure there was a thread about it but I can't find it anymore based on that thing there would be like 4-5 counties left in which you could mine at a profit and in which 100 miners won't be more than the grid can handle.

As for the ROI when he said the hashrate could double he did the math like it would double from tomorrow, not that it will be a somewhat linear growth, that's why the 2 years on free electricity with the best miner is now on order. But completely inaccurate!
If things were that bad we would see the hash rate decreasing already rather than doubling in a year.

There are a multitude of graphs and websites that track the correlation between Bitcoin and almost everything that is tradable on this planet:
https://app.intotheblock.com/insights/markets/indices/western

Corelation between SP500 or Dow and bitcoin has gone down from record levels a few months ago but it's still pretty high and actually growing back from a slump, no real breakthrough will happen unless something major happens in the economy, and that might not be good for anyone.

Too bad that the change (if it happens) in Congress won't be at all favorable, Republicans have always sought more control, and since the article does relate to the Patriot act, it was the Republicans who pushed it and the Democrats weren't all against it, how do you think this will look when the Dems are the ones pushing it? 545 pro votes about of 535?


The human brain is one of the most unreliable wallets out there.
Forgetting trauma that might affect it, I'm pretty sure that a few years in detention where you will only think of it stressed not to forget, with nothing to write down will create a mess in your head where you alone will screw your memory and the order of the words just like amnesia.

Here is the paragraph in question:
https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A52020PC0593


As simple as it gets, you don't disclose you have a ton of coins that you promote or "voice your opinion" it means market manipulation.
You start your video telling your fans that you're 200k in debt, took 3 mortgages on the house, and have a loanshark stalking you cause you bought 100 BTC , then you might get away with it. 

If the receiver of the coins doesn't move the coins to any centralized exchange, doesn't involve himself in the exchange the coins, and here do note that even if you trade p2p the other guy must know your name your bank account your Paypal address to send you money as your 3rd party service will know the amount that has entered your account, if none of these happen then it will be impossible to trace.
Furthermore, what's really nice with bitcoin is that if you're smart enough to hide the keys so they can't be found even in search there is absolutely no way for someone to prove that you own that wallet and that address.

I always thought cryptos are the best at getting a bribe and getting away with it, just print a QR code and have it sitting randomly on your office desk or on the table when you're hinting the guy to pay up, how would the cops ever prove you've received a bribe? Burn it after the discussion and that's it, your retirement funds are safu!

Those numbers, hmmm!


So, they have around 3 billion in coins, which is a thing I kind of doubt since for once it's quite a large sum considering their trading levels, and second, it's not like they operate and are used by the same clients as traditional spot exchanges, normally I would look at derivates having way fewer coins per unit of volume.

The other thing:

So they hold 3 billion worth of coins insured for $40 million? Somebody rushed to release a statement before realizing what they are saying.

Anyhow nowadays you don't know what to believe anymore, it might be a real hack, an inside hack, a tax purpose hack, a ready-to-disappear hack, but one thing is sure, a reminder to take care of your coins. 

I always told people that mining operations at home can't be stealthy, not in western countries and not in a lot of Asian countries also.
The average consumption per household in EU is 3700 KWh a year, a 3kw miner, will use 26,280 a year, that's twice the consumption in US who is on another level, and that's just one.

Plus, the smart meter thing, the problem with a miner is that it goes on 24/7, there is no household anywhere on this planet that night after night after night will have this flat consumption, even with air conditioning you still have fluctuations, they top they go faster to keep temperature they shut down, but with a miner, you will have this 3kw (at least) extra all the time.


I seriously doubt right now that EU has more than 2-3% of the global hashrate, and a quick reminder for others, Norway and Iceland are not in the EU.

Not all, 99.9(9)%.
And you basically just said it yourself, if you're heavily invested in something and you advertise it for others with the obvious purpose of rising the price then, how do you call this but shilling? There is not a single "influencer" out there who promotes shittokens or NFT just for fun, they all either have a share in those or they are getting paid, it makes no sense to waste hours making videos for nothing.

Just look at what happened with Kim:
https://bitcointalk.org/index.php?topic=5415840.0

Do you see what token she was promoting?
https://coinmarketcap.com/currencies/ethereummax/
A 5k rank, yeah ranked 5000 by market cap shitcoin that is just a copy-paste project with the same gimmicks as 5000 others.

I never though that MICA would do something good for the community but at least, this thing is one huge thing that will cut a low of shills, a lot of spam, a lot of scammy projects and money-grabbing schemes.


That sounds like buying a Marriot hotel to advertise the Pretzel shop on the other side of the road.
Dogecoin has a 17 billion market cap, he has spent 44 billion for a platform that had a net loss of $1 billion in 2020 to shill some coins?

And mybtc.ca rates are better?
Current rates for card purchases are at 1BTC=CA$ 31870, spot prices are  CA$ 27739, you're already paying a 14% premium on it.

Coinstation has way better rates:
https://www.coinstation.ca/en/locations/
$ 29888 ($ 1 + 7.8%*)

Anyhow, try bitbuy.ca, they are fully licensed but be aware they require and id even for express verification.

Are you sure about that?
California has the most expensive electricity rates there, and from what Foundry released they are not making even mentionable percentages:
https://twitter.com/foundryservices/status/1499019700294103040


I'm genuinely curious, what are those numbers on GPU, revenue vs expenses from what I see a 3090 is making 50 cents a day before costs.
Is it still worth keeping those on or you don't have sha256 to replace them so you let them burn excess power?
Damn, just look at the stats once more, at 8 cents you're losing money with it!

Anyhow, if anybody is in the mood for something funny:
Bloomberg article (archived here because of paywall) https://archive.ph/Ynm51


24 bitcoins! One of the biggest mining companies in the states if not the world has 24 bitcoins!!!!

I would love to meet the guy who started this nonsense about the cost of mining a bitcoin as a sum between x and y, especially if it would be the day I carry a baseball bat with me.

If the guy above has free electricity as he has bought some 100 extra soal panels for his business, he has the batteries to do so, he already has the space and his rent is zero, he doesn't need a tech guy to check on the machines, what's the cost of mining a coin? Zero? 
An xp running at 7cents gets you 5$ in cost, 5 in profit, that would mean the cost per coin is 10k, way outside the "rumours".



With free electricity that hydro will ROI in 11 months, for it to ROI in more than two years you will need the hash rate to double tomorrow, and there is no way you're going to see 260exahash being put online not by tomorrow but not in 6 months!

Did they accept proof of address from a company that is not based in your country of residence?
Sounds weird to me, bank statements are not accepted here anymore unless the bank that has issued your end of the month statement is from the same area as your address on the id. It might be slip-up from Binance or it's the usual, do the papers, not look too closely at them, and have an excuse that you did something.

But the twice a year verification might make a few guys nervous, if they start with the selfie thing it's going to turn into a pain in the ass for those using a fake identity from a foreign country. We had a topic about a casino requesting this,  now imagine you have to pay a guy twice a year to verify your account!


Speaking for the EU, it's not really an abuse, there are a few countries that still have laws for that, every hotel must keep a copy (12 months here) for all the foreign customers that have stayed overnight, some have banned the practice altogether, and some are allowing this only if you agree with it, this is a thing of national security and it regards foreigners so it's a country level decision that can't be enforced on EU levels.