It's not something to wish for. Economic crisis is imminent at this point.

As far as I've seen, the virus situation we're confronting today is leading to the "digital" idea of cash and some people surely did start thinking about accepting digital only instead of physical, tangible currency. The markets are immature enough for Bitcoin not to take a path and keep staying volatile. Once volatility will reach the level of Gold's, you will know the market has matured. And I believe that time will only come after the number of BTC/block will decrease substantially or once the entire supply has been mined.

I keep wondering how Atomic Swaps could be used for the better of Bitcoin. A while ago I had the idea of using Atomic Swaps to anonymize your coins - which seems to be both a bad and a good idea at the same time according to the replies.

Now I have another idea. What if we could use Atomic Swaps in order to minimize the volatility of Bitcoin for invoices? A decentralized mechanism could be developed.

How does it work?
Let's say Bitcoin is worth $10k. A customer places an order worth $100 on a website and wants to pay with BTC. Upon placing the order, the customer has 90 seconds to send the 0.01BTC to the generated address with a minimum sat/byte requirement. The BTC will then instantly undergo an Atomic Swap from 0.01BTC to 100TUSD and in the end, when the txs all confirm and everything goes well, the business receives a total of 100TUSD in their wallet while the customer will also receive their ordered products.

What happens if there is no offer available to swap 100TUSD with 0.01BTC?[/b]
I'm thinking of two scenarios:
  1. There could be a main accepted stablecoin and multiple other stablecoins to be used for the swap in case there are no offers. If there is no 0.01BTC <-> 100TUSD offer, then the mechanism will go for a 0.01BTC <-> 100USDT swap. If this one does not work either, then go for the third option and so on until an offer is found.
  2. There could be a 5-10 minute to wait for the offer to be accepted while the customer also has a chance to "Cancel transaction". If the transaction is canceled before a Swap is initiated, then the customer receives their BTC back minus the fees.

What if there is no exact rate (100TUSD <-> 0.01BTC) offer available?
If there is no exact rate offered, then the mechanism will look for and accept any close rate. Upon setting up the system, the seller has the option to set which is the minimum accepted rate difference with 1% being the minimum as a requirement. If a seller wants to accept a difference of 3% rate (which could mean receiving between a maximum of 103 and a minimum of 97TUSD through the swap), that is their choice.

What happens if the Atomic Swap doesn't work?
I have had instances in my Komodo DEX's sessions in which the Atomic Swaps just didn't work. My BTC went through but the other peer did not have their tx confirmed in time. If that happens, the customer will get back the sum of BTC they sent as a refund and the order will not be processed by the website.

Now what I'm wondering is if such decentralized mechanism could be developed within websites or there needs to be a separate software to do all the work. Please remember I am not a developer and this is just an idea. It could be good or it could be shit. But maybe there is a developer out there who could take this idea and turn it into a reality. In that case, Bitcoin could be safely used by any business without having to worry about using a third party that converts your BTC into USD automatically or having to accept BTC and risking a big loss due to volatility. This mechanism could be developed as both a decentralized payment gate for a business and an easy BTC to USD (and vice versa) swap for anyone who wants to do it. The more it's used, the higher the chances are for orders to find an offer.

Any critics are apreciated.

Using stablecoins as cryptocurrencies is the worst thing you can do. Stablecoins or fiat is the same shit. USD inflation will be absolutely equal to USDT inflation. You'll own just as much shit fiat as you would if you keep your money in banknotes.

You can't get rid of fiat without having to experience the negative sides of it.

That's true, but it works all fine as a currency until it comes to the fees. I've placed some orders on a website and all went very well until the day I found out the fees they took for every transaction was actually more than 5%.

That's a turn-off for me.

Thank You, Hhampuz. If the campaign returns and you would like to continue having me as a member, you can already count me in.

I honestly had a feeling a signature would pop up after OP has asked whether it's okay for a signature campaign to require a number of threads to be written per week. But crypto1010, do not put words in my mouth.

Let's go back to the question you've asked before launching this campaign. This was my answer:


I have never stated that it is a good idea. In fact, I think my answer was pretty clear so were others'. I am in no doubt that you may have understood the wrong thing and thought it's okay to launch this shitty rule. It's an incentive to spam. Your participants will launch 5 threads each per week and then they'll answer each other's threads so they could also complete the minimum post per created thread rule. SPAM.

"but we are not changing the rules right now" That shows how much respect you have for this forum and for the members of it. Hey, dude, do you think it's that easy to get away with what you've just begun? Because you are now using this excuse against the forum and to defend the crap you've launched. You are not new here on the forum. You know very damn well how it works and how many shitposters YoBit had, hence you're consciously doing exactly what members of BitcoinTalk despise.

Did you just call us spammers? I mean, you're literally making your participants spam the forum.. hmm, spider-man blaming meme, here it comes

It's been 7 days now and there has been 0 response from you.. I think it's time we deserve an update on what's going on with the 6th week payout that still hasn't been sent?

Posting here for a quick Merit count update.

Anyone who posts in this thread will have their Merit count updated on http://loyce.club/120days/!

16 members * 5 threads = 80 threads per week
80 threads per week = 320 threads per month
That is equal to 23 threads every 2 days..

Keep in mind that each member will most likely write at least 6 posts per week to make sure at least 5 will count. That changes the final answer to.. 27 threads every 2 days.

Speaking from purely personal experience: When you have to hit a high max target in order to maximize your weekly payment (e.g. BitVest paying a maximum of 60 posts/week), you get to a point where you struggle to hit that target and therefore you start bullshitting. This is something I really do not want to do, but subconsciously I did it every now and then. And I'm sure the best of us do it.

23 threads/2 days as a requirement is gonna hit BitcoinTalk hard. I think I've made 4 threads in the past month and I barely ever feel the need to do it unless I have an opinion I really want to share or some news I'd like to tell others about. Trust me, there's gonna be a point where these participants will not know what to write threads about anymore as they'll run out of news articles.. so you can warmly welcome bullshit, shit-threads and spam.


I second your thoughts.


Big difference between paying for posts and paying for threads. I can write +50 posts a week but I assure you that I'm gonna run out of ideas for new threads very often. I expect a lot of "is craig wright satoshi or not?? what do you think  " kind of threads..

How are you going to decide whether a thread is going to be counted toward the weekly requirement or not? "Not paying them" sounds kinda fishy to me. One member may have a legitimate question, ask it and then you decide it doesn't count because the question's been asked before?

Well, just don't tell anyone you're holding anything of value. Maybe it's not the closer ones who'd have some bad intentions, but you never know who might hear the information about your holdings and shit might happen.

If you're holding some valuable asset, keep the info to yourself. It's just common sense: you don't tell anyone that some ounces of gold are sitting in a vault inside your home, do you?

Unfortunate events happen so do mistakes. Should be a lesson for those who can still prevent this from happening..

I've looked this up and cannot find a single article about it.. nor can I find any tweet. A source would be awesome, because until then the information is quite doubtful. The population of Nepal isn't very small.. it's actually half higher than mine (Romania), so such news would be pretty interesting to hear. Sounds like good news, but I don't expect this to have any impact on other countries..

20 threads per month. Approximately $10 for Sr Members and $40 for Legendary/Hero so more Legendary and Hero members will be attracted. It looks like a trap to me.

This is basically an incentive for members to spam the forum. Imagine only 20 users join the campaign. That is 400 threads per month REQUIRED, or 100 per week. Where the hell will this thing go towards except more shitposting than we've ever seen before...

I wouldn't shape an idea based on what has happened yet. Things are still uncertain, people are still in panic. The US stocks market has had its biggest drop in its history and today it just had the biggest rise. All things are too uncertain to give the "safe haven" idea of Bitcoin a shape as of now.

The following months will be very interesting. It will finally be proven for the first time ever what people think of BTC in reality, because I'm pretty sure most of us here are believers in a future of the crypto king.

It's been "the beginning" for so many years now. How long is this beginning?

There's plenty of history out there of companies adding cryptocurrencies as a payment method and then pulling back. Microsoft accepted Bitcoin as a method of payment years ago (IIRC, they removed it and it's not accepted anymore) and it didn't bring much of a change imo.

Bitcoin will probably never really become a true payment method, there's always going to be a third party we have to be linked to in order to pay with BTC, which is exactly the opposite of what BTC is meant to be..

Although it's probably one of the largest industries out there, I see no reason it would change Bitcoin. Like come on, aren't we already past the "X is accepting Bitcoin!" stage?

The only thing it helps with is that you can buy a subscription without your gf/wife knowing you're a porn addict.

When I first started using BTCTalk, these kind of mistakes happened pretty often. I didn't know shit about BB Codes and the code for reply quotes looked like rocket science to me until I found out how to properly edit a message.

Now I use the Preview button probably more than 5 times for every single post. I want them to look as close to perfection as possible.

Thank you, LoyceV. I am leaving this reply here as a test and as a notice that I'll add your method to the top of the OP because I think it's the easiest way.

If something goes wrong, I'll let you know

Edit: works within seconds. Perfect will update OP soon

Thanks. Added to the OP.

It'll always work. One way or another, these fuckers will always find a way to scam somebody. If they will stop doing it in the crypto world, they'll do it in real life.

Whenever I want to join a giveaway/an airdrop and they start asking me for more than just my address, I close the tab. No KYC, no personal info, no seed. If you ask me for any of it, you can also fuck off. I don't want anyone to link my ETH address to my full name/email/other personal data.

Be aware: some giveaways may provide you a shitcoin worth $5 for free, but is your identity worth $5?

Added to the OP. Thank you