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2921  Economy / Economics / Re: "Be your own Bank with Bitcoin" - A reminder why this is so important! on: September 15, 2022, 06:05:14 AM
Bitcoin doesn't remove the risks of you getting mugged. If anything, it's potentially worse with bitcoin/crypto. They just hit you with a wrench at your home until you give up access to your wallet. Hence why being private/secretive about your holdings is very important!

https://cryptosec.info/wrench-attack/
2922  Economy / Economics / Re: How lipstick and underwear can predict the economy on: September 15, 2022, 03:42:34 AM
lol, this sounds so bizarre, who would have thought such can be use to measure the rate of inflation? Men will rather forgo buying a new pair of underpants for groceries, a huge sacrifice that is.
And why will lipstick have a 48% spike in sales during times of inflation? shouldn't it be the other way around just like for men forgoing the purchase of new underpants? Women worry more about their looks than feeding, this is how I comprehend it, except am reading differently.  Cheesy

If I'm going to guess, the logic is pretty much the same with financially illiterate people buying expensive designer clothing even though they don't have much money. They'd rather be perceived as people that are doing really well in life, rather than them actually truly doing well financially.
2923  Bitcoin / Bitcoin Discussion / Re: Why isnt there a BTC browser wallet like Metamask on: September 15, 2022, 03:23:46 AM
I think avoiding it because for security reasons it's not because it doesn't exist, it might be there if you look for it and I'm sure you will also lose your bitcoins if you use a wallet in a browser plugin, you should hold the btc in the ethereum wbtc network so you can store it in metamask or other

If you hold WBTC, you're going to need to trust that WBTC's custodian is backing the WBTC with BTC 1:1. That's a huge unnecessary risk to take just so you can hold your "bitcoin" on a browser plugin. Honestly wouldn't do this unless you have a certain yield farming strategy you want to temporary take advantage of(assuming you totally know what you're doing as well).
2924  Other / Meta / Re: Recovery phrase instead of security question on: September 15, 2022, 02:34:42 AM
Since it was quickly implemented, adding it was fairly simple. I have actually seen a lot of them, many users support the majority of the good features that have been suggested for the forum,. However, it's possible that they won't be considered essential moving forward or that they could damage the forum's software/ user interface if they are added. The implementation of new software may necessitate numerous debates and observations, but I believe that this will allow for a larger range of suggestions of the later effect.

Literally any update to any software has a chance of wrecking the platform; it's not something unique to Bitcointalk or the SMF software. Theymos just simply seems to not want to put much effort into upgrading Bitcointalk anymore. (I don't like it, but I really cant blame him as Bitcointalk is working fine as it is.)
2925  Economy / Service Discussion / Re: Crypto.com mistakenly issued a customer A$10.5 million ($7.2 million) on: September 15, 2022, 02:23:06 AM
2) Are Centralized Exchanges finding newer ways to dupe money,  laundering or diverting to other sources

I seriously wouldn't over analyze it — as sometimes people can simply just be dumb. Now, I'd be worried if Crypto.com suddenly became insolvent because of it, but I totally doubt it would be the case. It's not like they disabled withdrawals for months end or something.
2926  Bitcoin / Bitcoin Discussion / Re: Bitcoin all over news so not unknown fiction anymore on: September 15, 2022, 02:08:12 AM
Bitcoin is definitely somewhat a household name now, but nah I wouldn't say that people in general "trust" it. Most people still think that it's a huge scam/scheme waiting to blow up.



those who don't trust bitcoin are mostly part of the parents who are hard to accept developments. indeed there are still people who think bitcoin is a scam like a ticking time bomb.
but we can see how the news in the media is starting to pay attention to the crypto market, especially bitcoin assets. even in my country, there are private television stations that talk about stock market movements. they have also covered Bitcoin and Crypto markets. This shows that governments and important people in the world are starting to pay attention to this market.

We've had crypto-related content on the news last cycle in 2017 as well(remember CNBC Crypto Trader ran by the shitcoin shiller Ran Neuner?); it doesn't automatically mean that people in general are taking it seriously now, especially after the bear market.
2927  Other / Meta / Re: Recovery phrase instead of security question on: September 14, 2022, 04:31:54 PM
The forum must have undergone a significant change when the merit system was added. Additionally, this reduced spam posting and improved the forum experience for users. Not until the latest introduction of the "OP" concept. More ideas, in my opinion should be welcomed, who knows which one he'll decide to include in the near future.

Take a look deeper on older threads concerning forum feature ideas. If I remember correctly, I've seen a good number of decent ideas, but that they'd require a good amount of development time to implement hence why they're just left to rot. I assume this (OP) thing was easy(and good) enough to implement immediately.
2928  Bitcoin / Bitcoin Discussion / Re: What is your diversification strategy? on: September 14, 2022, 03:40:35 PM
IMHO BTC tracks stocks to close to call it diversified in my minds eye but do you have stocks? Maybe into a ROTH IRA or traditional (tax deduction).

It sometimes does follow the US stock market's movement — but if you zoom out, not that much.

Personally though: 70% crypto(like 60%+ BTC depending on the circumstances), 30% stocks. (not including cash). I'm able to take these risks simply because I don't have children(nor a wife) yet. But, I slowly but surely move out of crypto down to probably 30% at some time as I grow older.

Also, I have small businesses that earn me money semi-passively, so there's that.
2929  Other / Meta / Re: Recovery phrase instead of security question on: September 14, 2022, 01:06:15 PM
Not exactly true statement.
Theymos just made forum changes adding OP next to the member who started a topic Smiley

Yea, and as far as I know this (OP) thing was the biggest update we've had on Bitcointalk after the (very important) merit system (and the April fools updates). Saying "rarely" is a total understatement lol.
2930  Bitcoin / Bitcoin Discussion / Re: Why isnt there a BTC browser wallet like Metamask on: September 14, 2022, 10:13:10 AM
Because it doesn't make sense for Bitcoin to have a wallet integrated into a browser plugin; it simply adds unnecessary risk. The reason why MetaMask needs to be a browser plugin, is because Ethereum users connect their MetaMask to "DeFi" websites.
2931  Economy / Economics / Re: Crypto Engineers, Investors Sue US Treasury Over Tornado Cash Sanctions on: September 14, 2022, 05:18:40 AM
No he doesn't this is just smoke and mirrors and diversionary tactics.  He's fighting a case that basically is going to lose, so he looks good while basically risking nothing and in the meanwhile reports data to irs and has already sold them blockchain analytics software; basically meaning he is full of shit, playing both sides and hoping not to get booted by the board.  Coinchase at it again.

They deserve criticism for that as well, but let's not act like it's not bound to happen to any centralized custodian; also the fact that we all know that the ledger is public anyway.

If this is just for a PR move, it's a total waste. Most of Coinbase's users don't know what tornado cash or chainalysis even is.
2932  Economy / Economics / Re: Crypto Engineers, Investors Sue US Treasury Over Tornado Cash Sanctions on: September 14, 2022, 04:33:15 AM
I know Coinbase deserves a lot of criticism for all the fuckery, I applaud Brian Armstrong and Coinbase for this move.

"Law abiding citizens deserve access to privacy, and financial privacy deals with some of our most sensitive data."

https://twitter.com/brian_armstrong/status/1567915956307107841
2933  Economy / Service Discussion / Re: Usespiral - Private Blockchain explorer? on: September 14, 2022, 02:33:49 AM
Seems to work, but definitely not as detailed compared to the top explorers. Also, it seems like it scrapes the blockchain every like 5-10 mins or longer. That's going to suck a bit if you're going to check for new transactions.

Cool project though, I'll definitely stick to Blockstream.info + Tor for now.
2934  Economy / Gambling discussion / Re: How to choose an online casino? on: September 14, 2022, 01:51:33 AM
Personally been a long time user of NitrogenSports. UI/UX sucks, but it works decently based on my experience.

P.S. I've heard a lot of complaints about it, though I personally haven't had any issues. dyor.
2935  Bitcoin / Bitcoin Discussion / Re: Luxury resort, Palazzo Versace Dubai now accepts BTC on: September 13, 2022, 04:49:46 PM
As per reports in 2019 there were around 15k businesses accepting bitcoin so the rise in three years would be high as many have jumped into accepting btc.

Re-read my response. I was looking for industry-specific data to know which specific industry has more bitcoin adoption, not general business adoption metrics.
2936  Economy / Service Discussion / Re: Portfolio Tracking on: September 13, 2022, 06:21:17 AM
Noob: Blockfolio, Delta (as far as I know doesn't support NFTs)
Pro: a Google/Microsoft spreadsheet (in which you can deeply customize to your own liking)



P.S. Move this to the Service Discussion section: https://bitcointalk.org/index.php?board=85.0

Move option is on the bottom left part of this page.
2937  Bitcoin / Bitcoin Discussion / Re: Luxury resort, Palazzo Versace Dubai now accepts BTC on: September 13, 2022, 03:28:49 AM
Do we have any data on bitcoin adoption based on industry? I'm going to guess that resorts, hotels, and such are going to get the most bitcoin adoption initially due to the fact that it's the industry with one of the highest amounts of foreign customers.
2938  Economy / Service Discussion / Re: Is bitwemix real on: September 13, 2022, 03:14:42 AM
I've said this a lot and I'm going to say it again — if you're going to use a centralized exchange, just go use the big and trusted ones(e.g. Coinbase, Binance, etc). You almost have nothing to gain and everything to lose by trying out new exchanges(even if it's legit).
2939  Bitcoin / Bitcoin Discussion / Re: Fake Bitcoin. on: September 13, 2022, 01:23:38 AM
Remember the proof of keys day? This is one of the main reasons it was created — to potentially expose exchanges that are insolvent.

https://www.proofofkeys.com/


*snip*

Probably shouldn't overthink this as Binance doing something shady(though I'm not saying it's impossible). The disabling of BTC withdrawals was only like an hour if I remember correctly.
2940  Other / Politics & Society / Re: U.S. life expectancy drops sharply, the second consecutive decline on: September 12, 2022, 03:24:12 PM
Hard to be really surprised knowing how much obesity(and the fact that rates seems to be climbing based on data[1] up to 2018) is present among US citizens, and then add the fact that COVID(or probably almost any other illness/disease) has probably far worse effects on obese/unhealthy people.


[1] https://www.niddk.nih.gov/health-information/health-statistics/overweight-obesity
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