Yeah, well, that's the most extreme example but there are many who are not nearly as good and yet receive merit. In my case, I received merits when my rank was lower, as I said before:


And I don't even come close to n0nce's shoe.


Since theymos is an avowed ancap, I doubt that such an idea even crossed his mind.

This thread reminds me that over time I learned the meaning of "cycling merits".

I am one of those who hardly gives merits to lower ranked members and I have sent and received many from higher ranked ones.

Mind you, when I was a lower ranked member I did receive many merits from higher ranked ones.

I simply believe that there are few newbies and lower ranked members that stand out but when there are they receive a lot of merits, look at the case of n0nce for example.

So, this does not worry me nor do I see it as a problem unless we start from the socialist assumption of trying to equalize everyone, which is precisely the opposite of what the merit system intends, which is to recognize those who deserve it the most.

You are correct so far the discovery has had minimal, if any, impact on the price. We will have to see the permits and how the extraction goes, at what speed, but until the gold is brought to market I doubt it will have a significant impact.

With Bitcoin we know, however, that this cannot happen. It wouldn't be impossible either because hypothetically there could be a consensus to increase the 21 million limit, but I think we'll see the elephants fly first.

I highly doubt that Bitcoin will experience parabolic bull runs, and I created a thread about it some time ago:

Are spectacular returns over for bitcoin?

Personally, I would like to see parabolic returns in the future, but with the current market cap it is going to be more difficult. The fact that we have done only 3.5x this cycle points to this, and the levels we are at also.

Although it's not all bad, volatility should tend to reduce overall, for upside and downside.

I believe that for the rest of July and August we are not going to have any big surprises. It is normal that we will stay more or less at these levels, maybe going below $20k again or maybe going up, but I doubt very much that we will go over $30k.

In September we will see, things will start to move again, and the way the general outlook looks I don't see it very bullish, but who knows.

What has "happened" to Germany is very bad news and unthinkable not so long ago:

Germany’s much-vaunted trade surplus disappears as import prices surge

Having what was considered the economic locomotive of Europe running a trade deficit, with an increasingly weaker currency, rising energy prices and preparing for gas rationing paints a very dark future for the Eurozone.

If you're going to make statements like that, you better put the source. I thought you made it up but I see there's a famous author who's going bonkers:

I'm Waiting for Bitcoin to Test $1,100: Robert Kiyosaki

He has already made some failed predictions, but lately I see him more and more apocalyptic, maybe he sees the hour of his death near and projects it to the world.

For my part, I think it is very difficult to be bullish now, as there is no reason to be. I think we are going to be pretty bored until the next cycle.

This can only be regretted by those who do not have a long-term vision. If you buy to hold for a couple of cycles you don't care, and if you do DCA the same, or any of its variants, because very few people have a big lump sum and buy only once. The normal thing is to make several purchases, and as you are not going to hit the bottom, unless it is by chance, it doesn't matter if you bought at $30k or $20, the point is to accumulate.

Ok, so then, depending on the price, if they are very cheap, it can be a good offer for someone willing to learn.


That you don't need is less and less true with each passing day. If you play zoom or snap formats that's what the regulars do. Obviously they are not as good as NL200 regulars but the aggressive tight play makes the game tougher.

I don't know where you play that allows you to select tables, and find weak tables. In the end a lot of people are multi-lobbying because it is hard to find fish in one room.

I prefer to play the fast variants where there is less fish, and the tables are harder because the number of hands per hour is much higher, and I avoid the hassle of changing the table.

But yes, ideally if you play on a site where you can select a table and find weak players, with value bet to the fish and not get into a lot of trouble with the regulars you are doing well.

As I told you in a previous message, the answer will depend a lot on where you live and how inquisitorial the IRS or the Treasury Department of your country is.

The only thing to remember is that Al Capone got locked up for tax evasion. It wasn't Bitcoin, but all they could prove was that he had a lot more money than he could justify.


If we are talking about high amounts, there will be. Remember that the greater the amount, the greater the problem. Having $2K in cash of undeclared origin is not a problem, but having $2M in either cash or Bitcoin of dubious origin can land you in jail. I would take action long before the amount gets higher, rather than having plausible deniability as the only plan.

I believe that after so long of giving that money away, most people are going to sell the coins. Firstly because they have an extremely high return compared to the original acquisition cost, secondly because they have waited a long time, and finally because in the bear market we are in, there is not much incentive to hold. If they had received it last year, with the price rising, and when it was beating ath after ath, maybe more than one would have been tempted to HODL but now I don't think so.

However, I think the smartest thing to do would be not to sell everything. If you get 5 Bitcoins, you sell 2 or 3 and you get your money back after waiting for so long, you make a profit and you stay invested.

I do not recommend anyone to accept your offer. If someone wants to learn poker there are plenty of schools to choose from, for example:

https://www.pokerstrategy.com/

But let's face it, acting as a coach from time to time when you play NL10 and NL25 is to die laughing.

In general I do not recommend anyone to start playing poker now in order to dedicate professionally or even on a regular part-time basis, because it is a shrinking market and every day harder. You have to work harder and harder to earn less and less.

A winner today in NL10 Pokerstars zoom would have been a clear winner in NL200 10 years ago.

Today in microlimits there are plenty of tight players and moves that were typical of higher levels years ago. Players fight the blinds very aggressively, they balance their ranges, etc.

In this context it is good for the USD which remains the safe haven currency, despite what they print and inflation. Since the US does not have the problems of Europe, they have been able to raise rates and be strong in this context.

The Euro is almost equal to the Dollar and it will not collapse because of this, but the Eurozone economy will be more negatively affected because raw materials such as oil are bought in dollars, so the Eurozone will find it more expensive to buy oil, regardless of how much the price rises in itself, which affects inflation in general and the production costs of companies, making them less competitive.

Regarding your country, your currency is very weak against the dollar and now a little more recently because of the above mentioned that it is still the safe haven currency, and the big winner of all this.

The problem of having a weak currency in the current context is that traditionally a weak currency favors exports, but if you have a weak currency and very rising costs, such as the cost of energy, what you gain on the one hand you lose on the other.

Germany has closed its trade balance with a deficit and that is very bad news.

Barring a miracle, I see a very dark future for the Euro. There is already talk of a two-speed Euro or what to do with the PIGS. If rates are not raised drastically, it is because of the consequences it could have on the southern countries.

Well, I guess he had such a classification in his head and has created such a thread to see if he gets any merit.

I see the ranking as somewhat arbitrary. To make classifications I would add those who defend privacy in Bitcoin to the maximum vs those who think that loss of privacy is inevitable (with more and more AML/KYC, blacklists etc.) and those who absolutely don't care.

LOL.

Among the speakers there are such decentralized entities as:

ING, Vodafone, City, Mastercard, J&J or Shell.

At the last one in Miami there were Saylor and Keiser, and Bukele who was announced but in the end did not go.

This at first glance looks more like a conference on how to control Bitcoin from centralized entities.

I doubt if Support OpenChange is going to come back here, but just in case he does, I would like to ask him a question.

I can understand that the legislation of the country where you are located does not oblige you to put information about the company on the website, apart from the email you put. Another thing is that if I am fine with that legislation.

But it is inconsistent to ask for KYC documents while you do not expose anything about your company.

Can you give some more information about your company?

One thing is that the legislation does not oblige you, but it does not forbid you to share information about your company. Not sharing anything makes us think that the company simply does not exist, that it is not legally registered.

Besides, I agree with most of the things that have been commented here. For example, keeping 10% of funds that you consider stolen says a lot about you, and about the supposed legality of your actions.

I think he is simply repeating what the article says, which is paxful propaganda, rather than an objective description of the facts. It would make more sense that statement last year, when the price was going up and even a fool could make money.

But despite the price drop there are still people making money. There are some Nigerians on the forum who make money with signature campaigns or being campaign managers, for example. I don't rule out that there are also those outside this forum who are doing something related to cryptocurrencies that pays them more than the average salary there.

Although I doubt very much that it will be massive, so I share your skepticism.

If you got your Bitcoins in 2013 and they are in the same adress today, you are in a good position, or you moved them but the transactions are clear and you can sign messages from the addresses. The only thing is that if you can't prove the purchase price, you will most likely be charged a 0 purchase cost, which won't make much difference with the real purchase price, since almost everything is profit.

If you moved the Bitcoins by mixers for "privacy" I think you have it more complicated as the IRS does not like privacy.

The only doubt I have is whether they will do so at the end of the summer, in view of the mid-term elections. I am not saying that they will change radically and lower rates in a drastic way, but perhaps slightly, because the return of summer is expected to be tough and I do not think that the Democrats want to face the elections with a more catastrophic economic situation than the one we have today.