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3241  Other / Meta / Re: [INFO]Gambling Board Spams; Concerns, Solutions & Suggestions on: August 04, 2022, 09:35:40 AM
I went through a few of those megatrends, I wonder if even 5% of the post would qualify as being about gambling.
Since I'm pretty sure a lot of the posters don't actually gamble or don't have a clue how to place a bet other than on the winner, most of the discussions there could be classified as football fans talking about their team, one post in one hundred talks about spreads, about handicaps about anything, it's about X beat Y so they might beat Z, A is a great player or bad one, xerox copies.

That being said, I've been always curious, in that whole mess of a board, is there a horse racing topic as I haven't seen one and it's the only spot I actually gamble on, not just watch.

3242  Bitcoin / Bitcoin Discussion / Re: Saylor steps down as Microstrategy CEO on: August 04, 2022, 07:23:50 AM
And as Executive Chairman, he will focused himself to what he do best, "Bitcoin acquisition and strategy".
What are your thoughts on this moved?

That they should totally split the company in half:
Microbankrupcy, to take care of their actual business which was already falling pretty hard prior to this.
Lasereyes, to focus on bitcoin purchases and tweeting 24/7.

But on the other hand it has a good impact on those of us who believe in cryptocurrency, it increases the reputation of this industry, which is one of the biggest companies in the world investing millions of dollars because of the great belief in this matter in Bitcoin or cryptocurrency.

Biggest in the world? Just lol.
Microstrategy's total market cap is 3.5 billion, Apple's is $2596 billion, it's not even in the first 1000 companies in the world, and not by a long margin.

I wouldn't really say this is a voluntary step down because he basically, owns this company.

He doesn't own the company, he has 72% of the voting power through class shares but has only 23.7% of the total shares of the company.

Anyhow, shares are up
313.68+35.42 (+12.73%)
so seems other investors are pleased with the kick in the butt!
 
3243  Bitcoin / Bitcoin Discussion / Re: 1 Billion Bitcoin users by 2024 is possible with increased access to electricity on: August 04, 2022, 06:52:24 AM
Agreed on this. I read some article before on how to have a wise estimate on how many real bitcoin holders are there. Since a user can have a multiple address containing dust amount, Some expert suggest that counting the number of people registered on exchange is probably the best thing to do due to KYC since the majority of crypto holder is using exchange and probably undergo KYC due to regulatory compliance.

And the problem is that you will have to trust the exchange reporting the numbers, let's look at Celsius:

Quote
One area in which Cradle said Celsius lacked transparency was its number of accounts. While Celsius reported 1.7 million users, Cradle said that number is inflated.“It’s probably closer to 300,000, because the amount of fake accounts was so vast and there was nothing the management team was willing to do to really stop people from doing that,” he said.

So be ready to cut everything big exchanges say by 5 and eveything smaller ones claim by 10-20.

But sir if they can save the 30 cents, maybe they can be able to buy a fraction of Bitcoin after sometime. There are many people in these developing nation that are poor but they still want to use their small saving to invest. I have learnt that Bitcoin can also be earned.

O yeah, everyone at the last of the month will ask themselves what to buy a bag of rice to have secured dinner for 4 days or 1000 satoshi, even counting who will allow you to trade around the ~1.

As for the earned part, you don't realize Bitcoin is money! You don't just earn Bitcoin, you work for money, simple as that, doing something for someone else that includes a reward of any kind is working, and if those people would have been able to do extra work they wouldn't be in that situation anymore. This is a complete misconception of earning bitcoin, when you create post things is not bitcoin that pays you, it's the owner of the blog who pays for your writing, when you design stuff and get paid in bitcoins it's for your design, it's not bitcoin that somehow pays you for all this, it's a normal business that does.

Seriously, are we so desperate to come out of this bear season that we are targeting the cents in the pockets of the poorest people in the world?
Just think for a moment, they have 100 needs and you can only think about how they could buy coins so that bitcoin reaches 100k.
How would you call it?

The normal way things should be done is all those shills that claim to have made millions from crypto should put aside 1% of their earnings to support the electricity and water infrastructure in Africa, but what we see is thousands of tokens claiming that only to fleece more investors and not giving out a penny.

3244  Economy / Economics / Re: Anyone here from Germany? What exactly are your electricity costs? on: August 04, 2022, 06:21:41 AM
I was just pointing ~

No, you weren't pointing anything!
I asked you a simple question, what's the minimum hourly wage in India?
You're very good at making stuff up, like the month that has 40 days, the Germany that will freeze to death, and bullshit like this:

What will they do until then? Maybe they will travel in donkey carts and heat their homes by burning firewood?

and when asked a simple question you somehow try to spin it around and avoid the obvious that doesn't align with your narrative.
So if you have one last drop of dignity there and you're not here just for the relentless illiterate Russian propaganda and to make your weekly quota, simple question mister know it all:
At a little gasoline at 1.77 a german person will be able to buy 6.7 liters of gas, how much can an Indian buy?
And if you're man enough, you can answer the second, who is going to drive donkey carts? This one is simple since there is no change from the present.

What is their minimum income per hour or day if they live on only one pension?

The minimum monthly income is exactly 14.72 times the one of the minimum social pension in Russia. Does this answer your question?
3245  Economy / Economics / Re: Can Tesla's Electric Semi Resolve Shipping Issues Related To High Fuel Costs on: August 03, 2022, 11:42:51 AM
Electric based shipping carries a potential to reduce shipping costs, and stabilize prices to a relative degree. It also carries a potential to reduce consumption of fossil fuels, and perhaps help stabilize prices.

You know how we call those electric-based shipping carriers who can pull 100 trucks, require no batteries, need only two people to drive, and have been around for centuries? Trains!
So rather than reinventing the wheel and it would be far simple to offer incentives to companies to ship over long distances with trucks and to operate logistic centers near railway junctions, cutting a lot of traffic and pulling a lot of trucks from highways.

Does this mean that all the green cars of Mr. Mars were actually created with the help of exploiting children in Africa, and destroying the environment of the countries where such mines are located? To me, that doesn't sound encouraging in the sense that I would buy such a vehicle, because once someone exploits someone to gain financial benefit, he continues to do so indefinitely.

Actually, Tesla is the only one using LFP batteries for their models right now, with VW doing the same but only inside China.
So, for any other electric car, smartphone, laptop, or power bank, you are still using the same cobalt with probably the same source.  Wink


3246  Bitcoin / Bitcoin Discussion / Re: 1 Billion Bitcoin users by 2024 is possible with increased access to electricity on: August 03, 2022, 11:04:22 AM
Most people that are interested in Bitcoin are discouraged because they don’t have access to electricity to power their phone or other appliances that can grant them access to the Bitcoin space. And they cannot afford the cost of buying and running a generator.
~
. If Bitcoin would achieve the mark of 1 billion users by 2024 and 4 billion users by 2030 then developing nation must have access to major infrastructures like electricity to drive this growth.

Ok, so not all are using BTC right now because they don't have the electricity to power their phone and this is why we're stuck to 1 billion users till 2024, despite the fact that somehow, magically, the number of smartphone users reached 5.22 billion by the end of 2020.

Bruh, even if the whole of Africa would be without power completely, that's only 1.2 billion, leaving more than the other 6 billion for growth, there is no "MUST". Do you really believe that the growth will come from people who earn less than 5$ a day? Do you think their first choice once they get electricity would be to invest...what? The 30 cents they are left with at the end of the month after barely managing to buy food for their families?

Seriously, those poor people have little access to electricity, clean water, a damn hospital, or a school and the major concern is that they can't buy bitcoins...



3247  Other / Off-topic / Re: Petition to Remove Gary Gentler from SEC Chair position. on: August 03, 2022, 05:31:42 AM
I have once believed the signatures can help actually but a government official that is purposely put there to act to put discomfort to crypto space, Gentsler lol really is doing what the government is up to. He is doing great for them, at least he thinks he is helping the crypto though by looking at every coin as Security while Bitcoin is not.

First thing, when two people in the topic point out that the OP hasn't been able to even write the guy's name right and you come here and baptize him "Gentsler", you're definitely starting with the wrong foot here.

Second, what did Gary Gensler do to put as you claim discomfort on the crypto space in the first place?
So, can someone present (and with proof of it actually happening)  a thing that Gensler did and it was anti bitcoin? He is anti shitcoins for sure but I don't see him anywhere near as critical of bitcoin!
3248  Economy / Reputation / Re: [Beware!] LDU QUITO on: August 03, 2022, 05:18:05 AM
This guy is a loose cannon looking for a sucker.  

Oh god! He's the guy with the binance accounts sale  that went wrong, now that I think about probably that's where two scammers met each other, and again 70$, seems like everything is going around these numbers.

Quote
Ok i interested tg @Iximversors899
tg @Chris003h
Tg @Comer000
tg hermxita84
Tg @Connorwatts
telegram @HumberRoll
telegram multu483
TELEGRAM  DIAXIQ81
TG Fern3832
telegram CambiodivisasLocalcrypto

Definitely not suspicious...
3249  Other / Off-topic / Re: Petition to Remove Gary Gentler from SEC Chair position. on: August 03, 2022, 04:57:40 AM
This is a real petition to attempt to remove Gary Gentler from his position as SEC chair.

Are you sure you didn't mean Mary Gatling?

Feel free to share as he has been a huge road block to good regulation.

Good regulation, ignoring this funny thing as I don't see how a truly good for every one regulation could ever be achieved, when did he put those roadblocks, and can you give at least one example where was anti-regulation? Ignoring the fact that a petition which was probably written by some illiterate money on a website will not do shit, it took it 8 months at least to get 25 000 votes, 1/4 of the votes for saving the turtles in Haliburton you can get yourself a pretty image on how much this means.

When did a change.org petition actually achieve anything?

No, all the success stories change.org claims were not because of the petition signed by millions, the signing was a side effect of the outrage in some cases, and it was this outrage that cause the government, local authorities, and companies to change something, whatever the cause was.
3250  Economy / Economics / Re: Anyone here from Germany? What exactly are your electricity costs? on: August 03, 2022, 04:18:19 AM
^^^ I was trying to convert it to my local currency and €0.5635 per Kwh translates to ₹45 per Kwh. For me it sounds outrageous. I am paying around ₹7 per Kwh (and it is higher than what most of the others pay in India, ranges from ₹3 to ₹8 per Kwh).

And what's the minimum wage in India and how does it compare to the 12 euros per hour minimum in Germany?

It's a German thing and has been like so for a decade, despite your endless claims about cheap energy that did bla bla since Ostpolitik (you really love that word, don't you?)  that gave all that misterious advantage for German's economy, the prices for electricity in Germany have always been atrocious. Same as gasoline price, around 1.5 euros since 2003-2004, E10 is currently 1.77/liter. Even diesel that is by default more expensive was 1.42 12 months ago and is 1.82 now in full economic doom and gloom, Germany will freeze to death, run for the hills, Europe is going bankrupt apocalypse everyone who hasn't set one foot in Europe claims because it has seen so on Russian propaganda.

I don't know very well the details of how the energy industry works, but I can't quite explain those prices, being the average price in Spain 0,2460 €/kWh nowadays (The link I have provided gives data from the end of May. At the moment it is a bit more expensive but nowhere near 47 cents).

It's as I mentioned, a German thing, Germany had those differences inprices even before all this mess, this is a document showing prices from 1980:
http://aei.pitt.edu/80172/1/1980_-_1987.pdf
It mentions ~30 pf/kwh, that's 15 euro cents while per comparison the french regions had 60 centimes, which is 9 euro cents.

I say this because Spain doesn't have oil either, it only has 5 nuclear power plants,
~
I don't understand how it can be so much cheaper than Germany.

Well, you answered your own question.
3251  Economy / Service Announcements / Re: Cryptomus.com - cryptocurrency payment system for business and not only on: August 03, 2022, 03:39:35 AM
Your service isn't trustless, right? It always strikes me as odd when any custodial claims to be "safe" without providing any guarantees. Let me put it this way: if you decide to run away, can you take your customers' money?

Just for such issues, we have made an automatic instant withdrawal to your other wallets. Over time, we hope to earn your trust.
The internal security system is well done and simple. Try it yourself - registration takes a few clicks.

Again, au automatic instant withdrawals that are controlled by you, so the problem of trust was not solved at all.
LoyceV asked a simple question if you decide to run away, and since we have zero information about your "company" it men's that we must be prepared at any time to lose all out money, right?

3. Who would believe that these reviews are real? Cheesy
The developers are joking a bit - we are adding and testing the testimonials block to the site. Soon it will work as it's supposed to, or we'll give it up altogether.

Are you sure that Binance would have had the same joking attitude seeing you're using their name and their CEO name without their consent on your website? This shows a lot about how you think business works, there are some lines nobody but scammer dare to cross when you want to present yourself as a real business.
And these 5-star reviews from people with 1 review in their history are also legit, right, or this is another playful joke?
https://www.trustpilot.com/review/cryptomus.com

Bottom line, you an unknown entity, with no headquarters, no license, no real life presence anywhere but you claim to have done 100 000 transactions already, common, at least try something else!!!!
3252  Bitcoin / Mining speculation / Re: 2022 Diff thread. on: August 03, 2022, 02:49:46 AM
True, but those are Hydro and future orders, I was talking about spot prices, they have generally gone up in the past couple of days, even the used ones, by the way, the Hydro requires 3-phase power and has to be installed in Bitmain's own container.

Yeah, I know but I was just thinking, maybe if Bitmain is cutting prices to industrial-size clients it might hint at a lack of customers there,  and I really don't get the XP prices either...

Running through some numbers,at 2/5/10 cents
The XP 140T gets you 13/11/7$ a day
The S19 95T gets you 8/6/2$ a day.

Assuming your price of 8.3K and of the other one Bitmain standard of 4k, at 5cents/kwh you get 754 days of ROI for the XP vs 666  Roll Eyes days.   Adding 45 days in which the S19 XP has to catch up with the other one it means it will take the lead and be more productive only after two years and two months! Of course, it gets better and better the more expensive your energy is, at 10cents per kWh it is no competition, but if you have even cheaper energy then it kind of makes no sense...
With the 19pro, the competition is even tighter if you manage to get it at 5k.

Quote
Latest Block:   747737  (13 minutes ago)
Current Pace:   102.1586%  (1818 / 1779.59 expected, 38.41 ahead)
Next Difficulty Change:   between +2.1885% and +2.2102%
Next Retarget (earliest):   Tomorrow at 1:59 PM  (in 1d 8h 18m 9s)

So it'll be under 3%, one day left it will be a period of extreme luck, and manage to get another 20 extra blocks just now, eh..

See the irony, we are now happy with 23k btc and 2.7T difficulty  Cheesy.

Yeah, it was way better than 28T and B at 22700  Grin
3253  Economy / Economics / Re: Anyone here from Germany? What exactly are your electricity costs? on: August 03, 2022, 02:22:51 AM
For the past few months I’ve been seeing charts and posts about electricity in Germany being extremely expensive. Today I read an article it’s more than 10x expensive than it was between 2010-2020. This can’t be true.

The first part is true, Germany has had the most expensive energy in Europe for a decade and it has some outrageous prices now, but the second part is not true, prices haven't gone up by 10x.

Just one quick look at the offers on the market and you can see that they haven't gone up anywhere close to that.
One of the most expensive ones, like E.ON is offering 56,35 ct/kWh for new clients, guarantee tariff till 8.2023


But there are "cheaper" alternatives, you can compare prices here.

That being said, nobody in Germany has seen 5cents per kWh this century, from the bills I have from one friend since I had this discussion before the used to pay 26 cents per kWh during 2019, now he is on 47 cents. Still expensive but no way near 10x.



3254  Economy / Scam Accusations / Re: [Expose] Icbroker.io Ponzi Exchange Project on: August 02, 2022, 08:52:28 AM
I think we have a new record for the oldest (claimed) crypto investment platform


these guys thought of trading and staking currencies 8 years before Satoshi

That's what I would do. If you are asked to invest in something from people you don't know (or even from people you do know) and they are offering you an unreasonably good deal, most of the time it's a scam waiting to happen.

I would say nearly always!
Unless the guy sends you a referral link for which he gets paid a share or a fixed sum then there is zero incentive for somebody to pick up strangers all day on the internet other than scamming them

Today one of my friends told me someone invited her in person to join and invest on some platform and asked me to have a review.

Well, this is a new one, usually it's men who get invited by women to invest, seems like sexism is done for even in the scam business  Grin
3255  Bitcoin / Bitcoin Discussion / Re: Why Ilya Lichtenstein didn't coinjoin? on: August 02, 2022, 08:11:11 AM
Smart people like Lichtenstein couple couldn't figure out a way to wash the coins? through coinjoins or converted them into monero and then converted them back.(through localmonero or anything like that)

There are two things, trying to break the links between the hacked coins and the coins in your wallet, which can be done with mixing and,  like Lichtenstein and Morgan tried with depositing and withdrawing coins from Alphabay, peeling chains, and even chain hopping through instant exchanges, and many others and the other is cashing the coins (even if clean) out.

This is where two really f** up, they've set a few fake identities, set up companies, and tried to exchange the cleaned coins through them but in most cases, they ended up with them frozen because exchanges asked for the source of funds and the two of them have been able to come up with a believable story, and since more and more of these cases happened investigators started putting the pieces together.

Basically, if the two would have never tried to exchange the coins to fiat through centralized exchanges they would have probably never been caught, or at least it would have been that easy for the investigators.
3256  Economy / Economics / Re: Is the US economy in recession? on: August 02, 2022, 05:07:36 AM
This is a sign of recession. Inflation is felt highly in an economy where recession is setting in but I'm not sure if USA is already facing this but it has witnessed increase inflation during the Biden administration.

Guys, just stop with the inflation thing!

Japan has experienced a recession on the same levels as the US is doing now without having inflation at all, the great depression in 1929 happened while there was ample deflation, and inflation was barely above 3% during the 2007-2008 crisis in the EU and US, the largest inflation Greece recorded while near defaulting was 4.71 %.


Biden has rush to Saudi Arabia to ask for the oil and gas supply.

Since when does the US, the largest exporter of LNG in the world need gas from Saudi Arabia?


3257  Economy / Exchanges / Re: Cryptocurrency exchange koinex shut down in india on: August 02, 2022, 04:56:15 AM
Wrong. Many Indians buy and sell cryptocurrencies on a regular basis in India even though their pathetic government doesn't support BTC and other popular cryptocurrencies since they cannot control them effectively.

Even exchangers say something different:
‘We Have Entered a Period of Pain,’ Says WazirX CEO of India’s New Tax Laws
Indian cryptocurrency exchanges lost over 75% monthly trading volumes in last six months

Quote
According to data accessed from CREBACO Global, a cryptocurrency research and analysis firm, monthly trading volume on WazirX, which was acquired in November 2019 by Binance, the world’s largest crypto exchange by volume, monthly trading volume plunged from $38.98 million in January to $9.6 million in June 2022, dropping by 75.18 per cent. Zebpay’s monthly trading volumes fell 72.83 per cent from $10.67 million in January to $2.90 million in June, while Bitbns’ trading volumes dropped by over 50 percent from $15.39 million to $7.33 million over the same period.

Koinex isn't really a popular crypto exchange to begin with. There are many other great alternatives available(Domestic and International).

You know Koinex shut down in 2019, three years ago, so it couldn't be really that popular anymore!
3258  Bitcoin / Bitcoin Discussion / Re: Bitcoin Miners Can Leverage on ECOS Data Center on: August 02, 2022, 03:35:59 AM
Quote
Also, we have to mention ECOS end-to-end service: The company takes full care and responsibility for the purchase of mining equipment from Bitmain, on behalf of our clients or simply helps to move from other data-centers to ECOS, the company’s employees test, install and maintain equipment 24/7 and you can watch and control your assets directly from the mobile app.

Yeah, reminds me of this:
The risk of NOT actually owning your mining hardware.

Compas customers lost a ton of money when sanctions kicked in and the company forcefully liquidated their miners, what could go wrong in a country that has just been in a war with its neighbor?


Not sure why on their website, they've said it's "free energy", but this is what I found from another article.

Not just free but:
Quote
ECOS data center receives an additional 60 MW of clean, affordable and stable electricity from high-voltage networks, which makes it possible to claim almost 100% up-time electricity.

This combined with the fact that Armenia imports all the gas and oil needed to run those, and I wonder why anyone should be surprised if in one or two months the cost of your colocation is double the income from mining.



When a company shows you this nice income model, somehow putting the price at 90 000 (but you can't set it lower than 43k, lol) , then some alarm bells should start bringing for anyone.
3259  Bitcoin / Mining / Re: Mining Farm Europe on: August 02, 2022, 03:24:48 AM
You have to consider that in many nordic countries there are very few people and a lot of natural resources, especially hydro power. That means that also in extremely expensive countries like Norway there is very very cheap electricity.

If that would be a rule for it Norway wouldn't have the most expensive gasoline either.
The best price you could get as an energy-intensive manufacturing business will be around 6 cents prior to taxes, while services price starts at 11 euro cents with the consumer at 13 Eurocents, there are some other numbers about 6-7 for households but that's a subsidy from the Government and you won't qualify by running 10 3kw miners.

Also, do not lump all nordic countries into the same model, while Norway might indeed have a lot of hydropower, in both Sweden and Finland nuclear is the main producer of electricity, hydro in Finland for example is just 1/6 of the total.

Anyhow, I think that OP just looked over some figures, saw a yearly average of industrial prices at 7 eurocents per kWh and thought why not, then, reality kicked in and saw what the real prices are including VAT, so, back to square one. Trying to set up a mining business in Europe without some solid connections that might be able to grant you a two-year contract on some below-market prices in an already cheap country it's just business suicide right now.



3260  Bitcoin / Bitcoin Discussion / Re: Why are so many Derivative Exchanges are filling for Bankcruptcy ? on: August 01, 2022, 07:57:16 AM
I read an interesting article about him today, and what he promoted for years is obviously no longer valid - because the banks that he often mentioned in a negative context are now mentioned as potential saviors.

Excellent article, and it shows the situation perfectly right now, all these saviors are just using the community and its funds to get rich.

Laser eyes, fuck the banks, fuck the government, they keep shouting these as they know the userbase is susceptible to this message, and if somebody dares contradicts them there is the mass destruction weapon of the cultist, the FUD!!!!! Dare to say anything about an exchange, a token and you're going to labeled as a FUD-ist, a horde of 5$ investors who think their pennies will turn into millions by hitting like and kissing the ass of some cryptopornstar will start crying FUD, will swear everything is fine, that moon is scheduled tomorrow.

And these pieces of * like Mashinsky know that you just have to throw a few useless tokens at them and you have an army of online supporters ready to ridicule any attempt at showing the truth.

Just as the other moron tattooed a useless token on his arm, I wonder what story is behind that shirt, I have a feeling right now that the majority or at least a large chunk of the money he made selling his tokens is sitting right now in a bank, not in a Defi solution that would magically replace banks.

The same thing that Gerald Cotten did with his clients' money in the case of his crypto exchange Quadriga, if the Canadian authorities' investigation is to be believed.
Haven't heard that name in a few years. Did we every get to the bottom of it? Last I looked in to it (which, as mentioned, was several years ago) I was thoroughly unconvinced by the story that he had died. It looked far more likely that he had scammed all his customers, fled the country, faked his death, and was living the high life somewhere under a new identity. It seemed all this was planned in advance, so by the time the exchange collapsed and people started looking for him, he was already long gone.

One thing has surfaced since then, that Quadridrga has financed itself on customers' money, and lost a lot of them during the time of actually operating, so the claimed 130 million have never been actually there, much of it being spent in the year before Cotten's supposed or real death. They've managed to get ahold of real estate investments of 20 million, so it's highly likely he sold or used his customer's funds well beyond that date to purchase stuff for himself and then run the business as a Ponzi.

So, basically, the exchange was already bankrupt with almost nothing left some 8 months prior to his again...death?
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