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2981  Bitcoin / Bitcoin Discussion / Re: Finland sold 1,900 BTC, for a good cause on: July 23, 2022, 10:54:11 AM
I am curious why instead of selling Bitcoin to fiat or converting it to fiat currency like USD and donating, they directly use Bitcoin to donate?
There are some authorized or legit entities who are accepting Bitcoin as donation, especially the Ukraine government.

If I were to guess, probably the fact that donating the bitcoin directly would give the impression to the masses that bitcoin is actually useful, and the Finnish government might not like that.

I'd add something more to this: it could look like they would be endorsing or at least advertising bitcoin.

Plus, I would not be surprised that some politicians may have been doing a great deal with some businessmen who bought the coins at such a great price (and will help the politicians with donations for next elections).
2982  Economy / Economics / Re: A Government-Suitable Digital Currency (CBDC vs. StableCoin) on: July 23, 2022, 10:42:22 AM
Regardless, the idea of a CBDC really doesn't make sense. A CBDC would not provide any benefit beyond what banks and central banks already provide. At least in the U.S., the Federal Reserve is run by banks, so it would not do anything that would put banks out of business.

Well, they don't care about the (lack of) advantages for the average Joe. They think on advantages for them, advantages we know - full tracking and control on people's money. Of course, they may sell CBDCs as good for businesses, which will no longer have to pay big fees to VISA/MasterCard, instead they will pay a symbolic fee (if any) for the use of the database (CBDCs) coin. And if they wrap that nicely, people will use CBDC instead of cards.
2983  Other / Politics & Society / Re: European Union looks to Nigeria for Gas to replace Russian supplies on: July 23, 2022, 10:23:54 AM

You chose to believe the lying narrative. I guess it help you sleep better.
However, you're off topic here.

Russian gas, in fact, has become a new "economic weapon of mass destruction" ...

The Russians thought that Europe will turn a blind eye on the war, like they did with Crimea, to keep them connected to the pipe.
Also they've made it overly expensive (to finance the war), forgetting that on such prices other sources can easily become attractive.

Nigeria currently supplies 14 per cent of the EU’s gas imports, while 60 per cent of the entire shipments of LNG from Nigeria goes to Europe, he said.

I guess than only the LNG part can be expanded; the pipes for actual gas are long and might need developed more, and that's overly costly.
However, it can easily be a good move for both Nigeria and Europe. And even if the current govt doesn't do great there, there's always hope the next one will do better.
2984  Bitcoin / Bitcoin Technical Support / Re: Bitcoin address to mine on: July 23, 2022, 10:11:03 AM
I’m currently mining on solo ck but using NiceHash Bitcoin address for payout. Will this address support it?
Or should I use my Coinbase address?

You should use your own address, safely generated, and certainly not a third party. Just imagine that you actually get to hit a block and there's a problem with your payout. And you cannot prove ownership on the payout address either...
So you risk losing a lot of money for... laziness?

Learn how to safely generate and store an address for yourself. If you cannot do that, get yourself a hardware wallet. Better safe than sorry.
2985  Economy / Speculation / Re: Effect of Tesla bitcoin sale not significant on: July 23, 2022, 10:03:18 AM
PS. It was a big surprise for me that Tesla did buy high and sell low. I've been expecting them be smarter.
Why do you think that they made a loss on those 75% BTC that they sold? Afaik they bought Bitcoin before December 2021 when price was around 20k, and they didn't sell yesterday when this news broke but sometime before that so there is a high chance that in the end they profited from this trade.

There were many saying on twitter that Tesla has bought high and sold low... they've convinced me and I didn't go to check the numbers.
So they were not at loss after all?
2986  Economy / Web Wallets / Re: Safest Exchanges in the World on: July 22, 2022, 11:20:30 AM
Exchanges can get hacked.
Exchanges can suffer from inside jobs.
Exchanges can get bankrupt.
Exchanges can lock your funds because of whatever laws.
Exchanges can lock your funds because of something they don't like in your KYC filling.
Exchanges can lock your funds because you got your funds from somewhere they don't like or you use your funds somewhere they don't like.

And... does anybody expect them admit that they're unsafe for your funds?!!!?
2987  Economy / Trading Discussion / Re: buying low and selling high on: July 22, 2022, 11:00:22 AM
is using spot trading to buy low and sell high for few dollars a good practice?

In theory it is... if one does his math right and doesn't pay more for fees than it earns (this is in general, since no-fee trades won't stay forever).

But there's a big problem in reality: if you are inexperienced you can end up with a lot of Bitcoin when the price goes suddenly down or you can end up with a lot of USD when the price goes up suddenly. So you have to know how to foresee such cases and have safety nets that allow you continue trading (even with a small loss) if this happens.

This is why people tell that trading is not for everybody: it is difficult, no matter how easy it looks for short periods of time.
2988  Bitcoin / Hardware wallets / Re: BitBox Data Breach! on: July 22, 2022, 10:31:47 AM
Shiftcrypto wil not be sending any more marketing emails until this incident is resolved

Since many people don't read the news and many bitcoiners are not on this forum, I do expect some will fall for phishing, with or without emails sent by Shiftcrypto...

This things are going to happen in future with all hardware wallets, so I see a big value for DIY signing devices like SeedSigner that uses RaspberryPi.

Raspberry Pi are overly expensive and out of stock in most places.
SeedSigner is bitcoin only, afaik, which means "no" for many.
SeedSigner may need a bit of knowledge it you indeed want to DIY (although I think that one can buy it already made too).
2989  Economy / Speculation / Re: Effect of Tesla bitcoin sale not significant on: July 22, 2022, 10:23:22 AM
Since Tesla's sale off has already happened at least weeks ago (if not months), most have understood that this news changes nothing.
It changed things when the sale materialised.

Clearly. But imho that's not what OP was talking about.

he's focusing the question wrong.

Yup.

They did sell 10% of the total somewhere in April 2021, so that was a pretty smart move making them about 120 million.

But overall.. they're on a loss, right?
Somehow I feared they'll sell earlier the bulk, i.e. while they were still on profit, but the market was going down.
But, as some said, the effect now (i.e. in 2022) may have been much more devastating.

Definitely a well-needed cleansing though.

Indeed. And despite their announcements that they may buy bitcoin again, right now I hope they'll never do that again. We don't need this kind of investors.
2990  Bitcoin / Bitcoin Discussion / Re: Why does Bitcoin seem to have a high influence over other cryptocurrencies? on: July 21, 2022, 08:16:29 PM
This has been answered many times, OP should really do some search.
One of the reasons is that a vast majority of altcoins is bought/sold (only) for bitcoin. This makes them very dependent on bitcoin price in USD.
2991  Economy / Economics / Re: Surprisingly, Elon's Tesla is not so keen on hodling BTC anymore on: July 21, 2022, 08:10:47 PM
It should be a surprise to nobody, just last year he claimed that Tesla was going to hold on to Bitcoin but it appears to have lost all nerve with the recent price declines and just wanted to cash out.

For me the surprise is that they (allegedly) bought high and sold low.
For me the surprise is that they didn't sell in Q4 2021.
For me the surprise is that people cares so much about this.

No doubt Elon has got bored of playing with cryptocurrency, especially since his legal tussle with Twitter going on which is the very platform that he spams all his junk.

I'm not sure it was Elon's call. It may have been the Tesla board...(which I expected to be smarter).

People are starting to see through the shroud of bullshit that Elon is constantly peddling for his own benefit and starting to ignore him a bit more.

Shouldn't this happen about all the personalities? They say what they think it helps them more. They do what they think it helps them more. They don't care about their followers/readers (why would they??)
2992  Economy / Economics / Re: "Surprisingly, Tail Emission Is Not Inflationary" -- A post by Peter Todd on: July 21, 2022, 07:47:13 PM
@tadamichi,
No offense, but

[~snip~]
 
Mining one bitcoin costs more than $15K nowadays, check for the costs in 2011 and make a judgment for yourself.

Indeed, there's a huge difference in mining costs. However, if one change is made wrong, Bitcoin price can easily go south badly. So bad that even mining price won't matter. So bad that you will look to <insert altcoin here> and sigh "bitcoin could have been even better".
This is always to be taken into account, hence you should not dismiss so easily people like @TraderTimm or @tadamichi (or their opinion), no matter how badly or offensive they express this reality.

Now, to @TraderTimm: don't worry, this discussion is more at academic level (i.e. ideas and nothing more), I don't expect anything really change.
2993  Other / Beginners & Help / Re: Bitcoin Vanity Address(es) on: July 21, 2022, 07:35:31 PM
I've used vanity addresses in the past, but not anymore. They look cool for a while, but then... they're just addresses.
As said, there can be risks, especially if you don't know what you're doing or using a flawed tool. Then there are obvious privacy concerns. Then they kinda make you reuse address, which is not great either...

So at the moment I understood HD wallets, I gave up vanity addresses.

@Fivestar4everMVP: you can look for topics about vanitygen, get the newest binaries from the oldest thread, play with it locally, whether you'll ever use such an address or not. You will see that it's not quick&easy to generate one, especially if it's long. if you want to use such an address, make sure it's a good vanitygen and make sure you generate it in a safe environment.
2994  Other / Beginners & Help / Re: UN proposes to strengthen regulatory methods for cryptocurrencies on: July 21, 2022, 06:30:42 PM
I read that there are "security recommendations" from the UN, which propose to reduce interest in cryptocurrencies

One day they like them (innovation and so on), next day they don't (emissions and other lies).
One day the promote them (in order to also promote CBDCs), next day they want to reduce people's interest in them.

So they have no idea. Still, they do like to tax the income from crypto, don't they?
2995  Economy / Speculation / Re: Effect of Tesla bitcoin sale not significant on: July 21, 2022, 06:24:20 PM
now on the news that Tesla bitcoin sale is affecting bitcoin market price to be decreasing

Since Tesla's sale off has already happened at least weeks ago (if not months), most have understood that this news changes nothing. Of course, some needs more time to understand that's old news.
Also.. we're still in bear market; I've said it not long ago that the recent rise can very well be just a bull trap.
And somebody has also said something interesting: literally anything can trigger the next sell off (not as news, but as pretext). Is it  the case? I don't know. We'll see.

We need more patience until we're sure the bear market is over.


PS. It was a big surprise for me that Tesla did buy high and sell low. I've been expecting them be smarter.
2996  Other / Beginners & Help / Re: Hackers Recruiting Programmers and Developers ??! on: July 21, 2022, 05:44:52 AM
and the fact that even a senior software developer was susceptible to such an attack due to a lack of cyber security training only serves to highlight how weak human factors are.

Also, why is it that the Sky Mavis do not have a protocol to their developers not to open a "work" laptop for personal or unauthorized use?

People are careless. You can train them as you want, in most cases a new scenario will take them off guard again.
I've seen something very smart somewhere, but obviously costly: the people connect to virtual machines and only those are part of the network. The laptops are just machines that can be hacked. The people will most likely open those documents on the laptop, not inside the VM. Problem solved
2997  Alternate cryptocurrencies / Altcoin Discussion / Re: Difference between Coin and Token on: July 20, 2022, 07:16:10 PM
So you mean the token are not relevant in blockchains

It depends on what you count as relevant. Imho they are relevant, since they are "paying customers".
For example imho Ethereum is seen as a very successful blockchain exactly because it has so many tokens using its infrastructure (and paying for that).
2998  Economy / Scam Accusations / Re: [Warning] EuroneMining.com (multiple red flags)!!! on: July 20, 2022, 07:10:19 PM
It looks indeed fishy. Supporting the flag.
2999  Economy / Reputation / Re: [FUN] Is DdmrDdmr even human? on: July 20, 2022, 07:00:20 PM
Though 1000 is a way high to distribute monthly, unless the smerits roll over to the next month.

Merit sources' each point of (merit source) sMerit replenishes at 1 month after it was spent.

I guess it depends on each merit source's habits and activity (meaning topics read) how much merit they can spend; I know merit sources were asking for more, I know cases some were spending much less than the monthly quota (I don't know though if that still happens).
3000  Bitcoin / Bitcoin Discussion / Re: Hold your bag when you can on: July 20, 2022, 06:52:33 PM
A couple of days ago all I have seen are a lot of threads where people ask questions about the possibility of Bitcoin going down to $1 or coming to an end because they are panicked that Bitcoin may not experience another surge in price due to how the market downtrend a lot in just a few days ago.

People who bought high are scared. Some love to exploit their feelings and making that kind of topics has the potential to convince them sell.
Also, while 1$ and "bitcoin is dead" are obvious FUD topics, questions whether the bottom is in or how long this bear market last are actually legit imho.

Are you wondering the reason behind this sudden surge in the price? 

The current surge is not that big. It's nice, but fr from uncommon. So asking for reasons may not give correct answers.
It may be China problems (as you said), it can be end of bear market, it can be bull trap. We'll see.

take advantage of the people will always happen. This will make people realize the purpose of BTC and before that happen hold your bag when you can. 
Always remember, not your key not your coin.

One can look into recent history and will see that some banks did take people's money in the past financial crisis. Bitcoin was created to fight that.
But people never learn. Greed (and poverty) make people risk big money to earn some more cents. Average people's financial knowledge is almost zero. And governments (and banks) exploit that at maximum. This is the world we're living in. So you're right: people should carefully hold their Bitcoin.
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