I don’t think they will make it legal tender like in El Salvador. There isn’t enough knowledge for the older folks and how to use it. Plus it’s also very volatile and not a good store of value in the short term.

I doubt they will accept Bitcoin for their oil. I don’t see Shell or Mobil sending them Bitcoin in exchange for their oil. Plus they are going to use Unionpay which is Chinese based since visa and MasterCard are blocked there.

It’s been over 10 days or so and it’s still getting bad. We all assumed they would have some peace talks and find so resolution. However Facebook is down, credit cards, auto companies, fedex, etc. The entire country is going to become North Korea pretty much.

Pretty sure no citizen wants that, seems only Putin wants this war. Wonder when this will finally end. Here in North America , gas is getting out of control. Basically rising by a few cents every day and looking at price of crude no relief in sight.

It gets worse. Today a few hours ago. Visa and MasterCard shut down their services in all of Russia. Don’t know how it is there but in North America, everybody pays with credit cards because it’s secure, fast and you get to collect points. So now everybody in Russia won’t be able to pay this way.

Businesses will suffer. And many citizens will suffer also. These sanctions I think are really going to upset the Russian people and they are doing this to they hopefully rebel against Putin and put a stop to this war so everything is reversed.

If you are investing with savings it’s fine. Whatever you do don’t do the following.

1) Borrowing money to invest in Bitcoin. People were taking lines of credit to buy Bitcoin late last year and others were maxing out their credit cards. In a bull market it worked out however it will hurt you in sideways or bear markets.

2) Leverage trading. Basically sending your Bitcoin and using it as collateral to trade. Some exchanges give 100x leverage. So basically you can earn up to 100 x more but at the same time can get cleaned out much faster. Be very careful with leverage trading.

Where are you located where it’s cheaper to mine with a generator than with electricity. Given how high the price of fuel is lately I am guessing you must live somewhere in Iran where fuel is like $0.10/L for you.

Either way. Like the above posters have said. Not all generators are rated for this job. Many generators are for construction equipment like power drills which don’t need as clean a signal as a computer. You need to get a different generator.

There are way too many bots in bitcointalk judging by some of the replies here which make no sense.

Micro ATX has nothing to do with age, it’s it means it’s a smaller motherboard designed to fit into a smaller case. Micro doesn’t mean it’s an old motherboard. They sell new micro atx motherboard everywhere now.

Many people buy micro ATX because they don’t want a huge desktop. Gamers and miners generally buy the regular larger sized motherboards.

Yes it’s pretty bad especially when you look at all those residential building which have gotten a missle thrown at it. Those apartment buildings were peoples homes and now they got nothing.

Looking outside you see burnt cars, tanks, smashed windows, etc. basically looks like you are watching a war movie however it’s real life. There are reports of air horns sounding which means you need to leave and seek shelter. Never would of thought this would happen.

Its not only sports that is affected. This war has affected everything pretty much. Gotten fuel lately? Most likely you are paying the highest you’ve ever paid for fuel due to this war.

They also got Facebook, Twitter, banned. Some car brands are no longer selling there like BMW or Volvo. Some luxury fashion brands are keeping their shops closed. Even the Apple store is closed all over Russia.

It’s been a little over a week and it’s crazy how out of hand it’s gotten.

Basically if you are actually paying for the AWD, as in you got a credit card on file then you can mine or do whatever you want. However keep in mind those AWD are expensive and you are going to pay more for the rental than make actual income.

If you got some free credits and you try and mine like that , then you might get kicked off the platform I heard. These days there is no coin out there which is profitable enough where by renting some CPUs you will net a profit.

First of all Biden has nothing to do with USDT or USDC. And he doesn’t even have much to do with USD that is mostly by the Federal Reserve.

I don’t think the USD will be replaced as a reserve currency. Sure Powell said something about there being more than one currency however I think that is years ago from now.

Keep in mind that USDT or USDC is centralized, it can be frozen unlike Bitcoin. So know this if you are a holder that there is a certain degree of risk.

Yeah I was watching the markets when all of a sudden crypto and stock markets are going down rapidly. Then I checked the news and they said they blew up a nuclear reactor. However as time went on there was more and more reports coming in that the news is false.

Basically some admin building caught fire and not the reactors. I think the reactors are down. And the markets pretty much reversed most of the moves.

Either way, not smart or normal to have a war zone near a nuclear reactor. No idea what is going thru their minds.

I actually remember Feb. 2017 very well and I actually also was looking to sell some Bitcoin if it broke the previous ATH which was like $1100-1200 or so.

Reason why was because everybody was bullish about that Winklevoss ETF and they were 99% sure it was approved and everyone was buying. But I sold some right before the decision knowing that there is a chance it won’t be approved and I’ll go down to like $800 again.

Well it wasn’t approved and Bitcoin did go down but a few weeks later it broke the ATH anyways. And the rest is history.

It looks like it has stabilized a little. Currently sitting at 100 per USD for many exchanges. I think the efforts that they took such as making interest 20%, injecting money into the economy and preventing selling of foreign currencies is helping. At least temporarily.

The stock market and everything in the USA seems stable too. The only thing that is ripping higher is the price of crude oil which hit $120 an hour ago or so.

This is pretty bad since we were around $80-90 a few months ago. And with inflation where it is this is going to hurt many people. Especially when it’s Time to buy gas.

If they do reopen the coal plants then it will have to be temporarily, they can’t use it long term. Think of all the work that was put in recently to protect the environment and now they will open up the coal plants? I guess it’s better than shortages and a cold winter however there needs to be a better alternative.

This war only went on for 1 week. Who knows, maybe by the end of next week or next month some agreement can be made and all of this will be reversed. At least for next Winter.

Like the poster said above, those countries just won’t have enough supply to meet all the demand in the middle of winter.

I looked at these in the past however one thing I learnt is that this isn’t entirely accurate. There are different levels of money supply out there apparently.

In the chart you posted below, I think it’s only the physical fiat circulating supply. It doesn’t include the fiat from certain investments or if someone goes to the bank and gets a mortgage for $1M. I’m not an economist so maybe someone can do a better explanation.

Well the recent fud was the russian invasion. Remember last week when stock market futures and cryptos crashed over night. People were predicting the stock market would have to get halted. Then when the stock market opened we had a huge rally and another huge rally the next day.

Many retail traders probably put in market sell orders for their stocks before the open, and that’s why we got the huge gap down and completely reversed. This is one example why you shouldn’t believe too much into FUD.

Who knows if they will actually collapse. Putin is crazy rich. He might actually be the richest person on the planet. Unlike Elon or Bill Gates he is private with his wealth. He doesn’t show it off. However he has tons of money and so do all the rich Russian people near him.

If the banks are in trouble he can easily bail them out. Or they can be bailed out with money from his friends. So this is why I don’t think they will necessarily go default. Lots of fake news out there. Don’t believe everything that you hear.

It seems to be stabilizing at around 104 rub per USD. The reports over the weekend were something crazy like 150-175 rub per USD. Either way, never seen a currency lose this much value in such little time. This is some record.

Now here is what is interesting. If you go to Binance, the rate is 94 rub per USD. Why is that? Basically seems like an arbitrage opportunity. However I am guessing is due to fear that you won’t be able to transfer those RUB out due to sanctions. If it was easy then obviously the arbitrage wouldn’t be there with such a huge spread.

Yes I remember when that report came out and I don’t think it’s actually that high. I think they are over estimating that figure and they didn’t even provide proof that they owned that much. Either way I do think they own large amounts of crypto however.

Before all this started they were pro Bitcoin this and pro Bitcoin that. So most likely they bought it well in advance knowing they would need it in times of sanctions.

Bitcoin rallied almost 20% today and many think it’s because the Russians are selling Rubles to buy Bitcoin. However it’s hard to see if this is true because there is no data to back it up.

The Sanctions are very harsh. Happening everyday. Even today Volvo said they won’t sell cars to them anymore. And there are more and more Sanctions added every few hours it seems. Even the new Batman movie won’t be play in Russia.

I think this will mostly hurt the poor as the rich were probably well prepared in advance. And most likely Putin prepared for this move many months or years ago. So who knows? I am assuming they got a secret stash of cash or gold somewhere laying around to survive. I only feel bad for their hard working citizens which don’t deserve this.