OP, you don’t get the point. USDT issuance is controlled by a centralized entity which could go down anytime. Where is the “Safe Haven” in that? Bitcoin might be volatile, but its value is decided by the open market at all times, its issuance is fixed in the protocol, and its storage is only controlled by the owner of the private keys.
Unfortunately not many people do realize that, I get that it is not something that is easy to handle all the time, sometimes it is very difficult for people to see things for what it is and they make mistakes and deny the fact that they are making a mistake. I would never consider USDT as a safe heaven, I mean it is dollar after all and investing into fiat is not something that I would ever consider doing ever since I found out about crypto. So far I only kept USDT or BUSD just because I wanted to have some sort of liquid so that I could invest that back into crypto whenever it falls, to be honest that does help me but it is a temporary thing and only until the price of crypto drops, then I am back into crypto. So all in all there will be some people who invest into shitcoins and USDT is just a shitcoin that is disguised as not so shitcoin. Use it for trading to buy the DIP, but telling everyone that it’s a “safe haven” would definitely make me believe that OP is either oblivious, or he’s merely trolling. I’ll be nice and say he’s just oblivious, and that he needs to learn.  |
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OP, for my hot wallet I have only used Electrum for my PC/laptop that both run Linux, and BlueWallet for my mobile phone. Has anyone used HexaWallet, https://hexawallet.io/A friend discovered it while looking for the most appropriate wallet for accepting donations. |
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DIPs are still for buying. Stop feeding the whales your sats, OK? They have already front-run us the plebs, and they are already very fat in Bitcoin.  A surge is coming. The trolls will tell you it’s a “bull trap”. |
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This is apparently occurring, at the highest levels. Miramax sues Quentin Tarantino over Pulp Fiction NFTsProduction company Miramax has sued director Quentin Tarantino over his non-fungible token or NFT collection based on Pulp Fiction. The lawsuit, filed yesterday in California court and noted online by attorney Mark Jaffe, says NFTs don’t fall under Tarantino’s reserved rights for the film. Miramax accuses him of violating the company’s copyright and trademark, and it’s demanding a halt to the upcoming sale. Tarantino’s NFT collection is supposed to include blockchain tokens associated with high-resolution scans from his original handwritten screenplay of Pulp Fiction, plus a drawing inspired by some element of the scene. But Miramax alleges that Tarantino’s limited contractual rights for Pulp Fiction — including interactive games, live performances, and other ancillary media — don’t cover NFTs linked with the film’s screenplay. https://www.theverge.com/2021/11/17/22787216/miramax-pulp-fiction-quentin-tarantino-nft-lawsuit Even Quentin Tarantino is selling NFTs containing content he doesn't have the rights to. I still think NFTs aren't so different from collectibles, art, memorabilia, antique markets. The only difference is, there is a lot of silicon valley dot com hype behind NFTs wheras other collectibles and art have long since hit a saturation point. What would happen to the buyer of that NFT, and what could Miramax do to the buyer? Who is most probably be anonymous. I believe the market for that NFT will crash. No one would like to HODL a Tulip with a legal action waiting.Hahaha. |
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Hory sheet, sgbett the troll returns.
As if your last laughable price bottom prediction (which failed miserably) wasn't bad enough, now you come back with $1150??
Even proudhon couldn't suggest a bottom like that one and keep a straight face.
My god man, give it up. Go crawl back into your hole. Maybe take up ant farming.
He probably sold around the $1,150 price point, and used all the profits to buy Gold and Silver, then Bcash SV. With Craig Wright not keeping his promise that Bcash SV will replace Bitcoin as the Real Bitcoin, sgbett wants to buy back Bitcoin at the same price point he sold. He converted all his BTC to BCH when it split, and then to BSV when it split again. He is 100% in BSV. He still has 1 share of XBT-Provider (an ETF that tracks BTC price) remaining in his SIPP. Here are the dates that I bought/sold XBT-Provider over the last few years, I can't complain. You can't buy it anymore due to FCA regs. He does not want to buy BTC at any price. Date Action Unit cost pence
23/02/2021 Sold 165,312
14/01/2021 Sold 135,073
27/06/2019 Sold 44,275
06/02/2018 Bought 23,041
16/01/2018 Sold 41,629
19/12/2017 Sold 65,922
06/12/2017 Sold 47,404
29/11/2017 Sold 39,388
20/11/2017 Sold 30,906
24/10/2017 Sold 20,555
18/10/2017 Sold 19,407
16/08/2017 Bought 16,239
01/08/2017 Sold 9,988
10/07/2017 Sold 9,281
15/06/2017 Bought 8,739
12/06/2017 Sold 10,550
26/07/2016 Bought 2,496
Trolling and idealism aside, and from your point of view, it’s a waste of opportunity from an investing standpoint in my opinion. I believe even Roger Ver has never sold a large part of his HODLed Bitcoins for Bcash. |
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Hory sheet, sgbett the troll returns.
As if your last laughable price bottom prediction (which failed miserably) wasn't bad enough, now you come back with $1150??
Even proudhon couldn't suggest a bottom like that one and keep a straight face.
My god man, give it up. Go crawl back into your hole. Maybe take up ant farming.
He probably sold around the $1,150 price point, and used all the profits to buy Gold and Silver, then Bcash SV. With Craig Wright not keeping his promise that Bcash SV will replace Bitcoin as the Real Bitcoin, sgbett wants to buy back Bitcoin at the same price point he sold. |
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Today I found an interesting post on /r/Cryptocurrency about an artist who had to shut down his online gallery, because people keep stealing his works and turning them into NFTs - here's the original post. NFT technology is legitimately useless, all it does is creating a unique token on blockchain that has zero meaningful connection with the thing it's supposed to represent. When you NFT is an url that points to a centralized site, it's really no different than buying a star or moon land from some scam company. It’s really blockchain spam, but shitcoin blockchains can do what they want, and lose the war of “sustained friction”. If you know, you know.
The artist said that NFT hosting sites refused to cooperate and remove the stolen art, but even if they were doing their job, it would still mean that the whole system is centralized and pointless. Deluded NFT fans like to say that NFT gives people the ability to "truly" own something, but in reality NFT owners own absolutely nothing and are at mercy of NFT hosting sites.
NFTs were said to help support the artists, but here we see how they did the opposite and forced an artist to close their gallery and reducing their chances of selling their art or getting commissions. The artists who are profiting from NFTs the most are the big names like Grimes who are already rich.
They’re merely Tulips, anyone can right-click/save any digital image/NFT, convert them into a NFT of your own, sell in your marketpace. |
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WasabiWallet is giving a grant for research teams to design a privacy-focused Lightning Network wallet, https://blog.wasabiwallet.io/1-btc-ln-privacy-grant/It’s a very good counter-defense against Chainalysis’ attempts of breaking privacy, and using Lightning for surveillance. The grant isn’t very big, but it’s a good way to start in my opinion. |
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Turkey will hike its minimum wage by a massive 50% to 4,250 lira ( $275.44) per month next year to address a currency crash and inflation spike, President Tayyip Erdogan said on Thursday. The dollar value of the 2021 minimum wage – some 2,825 lira monthly – has tumbled to $185 from $380 at the start of the year due to the currency crisis, Turkey’s second in four years. https://egyptindependent.com/turkey-hikes-minimum-wage-by-50-in-face-of-lira-crisis/I’m not an economist, and I’m not also very intelligent. I am merely a low-IQ pleb, BUT I believe this is one of the first signs that a country is on the brink of Hyperinflation. Turkey increased minimum wage by 50%, but the wage hike is still lower if converted to the U.S. Dollar. Is anyone from Turkey? How much is BTC/LIRA? |
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OP, you don’t get the point. USDT issuance is controlled by a centralized entity which could go down anytime. Where is the “Safe Haven” in that? Bitcoin might be volatile, but its value is decided by the open market at all times, its issuance is fixed in the protocol, and its storage is only controlled by the owner of the private keys.
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It’s stupidity, Russia would need to trust China, and China would need to trust Russia. That’s a vulnerability. The Bitcoin network is there, open, permissionless, and ready to be used. The question must always be asked again, “How long should the protocol run to convince them”? If both countries agree that the USA and the SWIFT system is the common enemy they want to fight against, it's easier for them to come to an understanding and establish some level of trust to benefit both sides. Remember the saying that " the enemy of my enemy is my friend". I don't think it's a question of convincing them to use Bitcoin. It's probably not an option they see fit even if it was around for 50 years. It’s not an option they see fit? Any competent thinker would know that Bitcoin is the best choice to do the job for what they want to do. It’s obviously, and clearly the ONLY choice they currently have. Although, it’s good for them to learn the hard way. They will conclude that Satoshi’s white paper is ground-breaking. |
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Getting dip is not so easy. where you find the dip? Where does it end? the last dip is possible? And if you do not get it can not be traded? You must be tired of searching for the answer to this question. Therefore, it is appropriate to trade by market analysis. The time when the price dumps in a large value is deep and then if someone buys then he will definitely be able to make a good profit.
Those are fair questions, and obviously yes, it’s not easy, BUT what should you do? Be inefficient with your capital and buy at any price, OR try buying on DIPs? Plus even if you are wrong, ZOOM OUT. Any more DIPs after a DIP is an opportunity to buy more. Plus we are not merely buying to sell a few months, or few years. We buy to HODL. |
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I believe the bulls are quietly buying again, like what they were doing during June and July, then made Bitcoin quietly surge during August when everyone was doubting the market. Is it another situation that will make the plebs who didn’t buy the current dip FOMO during the next surge again? |
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@Wind_FURY I remember reading about a somewhat similar story concerning Russia and Iran a couple of years back, so I'm assuming that one didn't succeed and now they're trying to build version 2.0 with China in the picture! Let's assume for a second that they'd be using their own CBDCs [or as you said, "Bitcoin without a Bitcoin"] to trade with each other, I don't think that'll end with a different result since, at some point, one of them would probably want more control [based on their true nature] over the other one [I don't think it's going to work in the long run]. However, Russia and Iran are working together to ditch the dollar to weaken the effects of U.S. sanctions.
The two are working to develop a new financial transfer system to replace the U.S.-controlled SWIFT. This system would circumvent third country sanctions, Russian presidential adviser for international affairs Yuri Ushakov told the media.
"In order to protect bilateral trade and economic ties from third country sanctions, measures are taken on the expansion of direct payments, the use of national currencies, the improvement interactions between the Russian financial transfers system and the Iranian Sepam, as an alternative for payments to SWIFT," said Ushakov.
It’s stupidity, Russia would need to trust China, and China would need to trust Russia. That’s a vulnerability. The Bitcoin network is there, open, permissionless, and ready to be used. The question must always be asked again, “How long should the protocol run to convince them”? |
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OP, Bitcoin will take as long as it should. Your wait will be long, or it will be short, but when in doubt, zoom out. May it encourage you to continue buying the DIP. I believe it’s also the right time to save some fiat, if in case it’s the end of the bull cycle.
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KYC for me would be OK, if security of the data is perfect, and anon-set of Bitcoin could be set and reset, which is possible.
But, there is no guarantee of the confidentiality of the data we use as a condition that it is safe. Actually, I am very afraid if later my data is misused. All of a sudden came people collecting debts, it made me dislike KYC. See when some of the hacks regarding KYC bayak occur. One of them is in my country in one of the online buying and selling service providers Tokopedia, that the data has been hacked then in Binance in 2019. My post wasn’t clear. It is possible to set, and reset Bitcoin’s anon-set, but no, it would not be possible to ensure perfect security of data in some other entity’s server. Not your server, not your data. I believe this applies if it was given the right context. A decentralized exchange, running on a centralized server. Hahaha. https://mobile.twitter.com/dydxprotocol/status/1468293558360805381
Due to a major AWS outage, dYdX exchange is currently down. We are experiencing greater latency across services and impaired functionality with endpoints not working and the website not loading
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And as time goes on, the proof from the signature becomes less significant. There'll definitely be a time in the future when someone finds the private key of the genesis' public key[1]. This won't make them Satoshi. Proof of ownership isn't proof of identity either way. It'll be really vague if a valid signed message appeared out of nowhere and I wouldn't hold my breath that they're Satoshi.
[1] 04678afdb0fe5548271967f1a67130b7105cd6a828e03909a67962e0ea1f61deb649f6bc3f4cef3 8c4f35504e51ec112de5c384df7ba0b8d578a4c702b6bf11d5f
That’s a very good point! Because what if Hal Finney was the real Satoshi, and what if he gave all his private keys to his son/daughter/wife as an inheritance? I believe it must be time to accept that Satoshi should be “dead” to the community, although should also be honored for opening the Pandora’s Box. |
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Wanting Bitcoin without Bitcoin, an interesting thought although of course it makes no sense. Bitcoin is a decentralized cryptocurrency, and if Russia and China want an independent financial infrastructure, then they will design a centralized financial product that will be 100% under their control, and it can never be anything like Bitcoin.
So isn't China a leader in the CBDC and the digital yuan has already become commonplace in that country? Let the Russians make their own CBDC and then let them trade with each other if they want to - no one is forcing them to use the US dollar or the euro.
It won’t make any sense of you take it too literally. The point is they want censorship-resistance, and a build network-infrastructure that is not vulnerable to attacks from third parties. Are they describing something like Bitcoin? Yes they are. Plus if they truly try to build their “network”, they will fail. Bitcoin is already here, and ready. |
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 Today, Chainalysis announced product support for the Lightning Network, a layer 2 protocol built on the Bitcoin blockchain that allows faster, cheaper transactions. With Lightning, small, recurring transactions that wouldn’t be economical to carry out on the blockchain due to transaction fees become feasible, enabling new commercial use cases for Bitcoin. https://blog.chainalysis.com/reports/lightning-network-support/
Soon, Chainalysis will support Lightning Network transaction monitoring in KYT! Staying compliant with regulations will be vital as the second layer protocol is adopted and we’re excited to be the first in the industry to offer this support.
https://twitter.com/chainalysis/status/1469317238893289475It’s not “support” for the Lightning Network. It’s actually surveillance, pretending to help Lightning “stay compliant with regulations”. Although, Lightning users can thank Chainalysis for the liquidity. Can Chainalysis trace every transaction in Lightning? How can users add more privacy? |
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At first, I wasn't sure if the news were legit, but I found articles on Russian news websites about it, so it seems like the talk actually happened. They want an infrastructure that won't be under control of third countries, but there's a big potential difference from Bitcoin: there's nothing there about the financial infrastructure being independent altogether. Bitcoin's not under control of the US, but it's not under control of China or Russia either. I believe this is not desirable for Putin and Xi, as they'd prefer a centralized currency that would be under their mutual control. That being said, it might be very hard to achieve, so they might settle on something like Bitcoin as good enough. They want their network to “be designed to be invulnerable to pressure from third parties”. Obviously they prefer censorship-resistance, and a financial infrastructure separate from SWIFT, which Bitcoin truly is waiting to serve them. But, they would never admit it, especially China. |
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