00- Darker45

Please and thank you! Merry Christmas!

00- Darker45

Please and thank you, MJ! Merry Christmas!

I have a bias against the media, but what seems to be so particularly wrong with this? This is the typical media doing its job. It may be garbage to you, but since when did the media become so outstanding in its job? What is in this article that makes it so explicitly illogical or wrong?

To be fair, the sentiment is indeed net negative. And that's happening in the face of an inflation that is reaching more than double the maximum target as well as the danger that the new COVID-19 variant seemingly poses which result to another round of strict measures.

It's so sad that in chasing shitcoins you ended up risking a lot, signing up and deposited money on a shitty exchange. And not only did you entrust your funds to an untrustworthy exchange, you also gave them your personal information. This is too high a price to pay for some short-lived meme coins. Lucky for you, you only risked a small amount. But that's only in addition to your complete personal information. 

To be fair, however, despite a long list of accusations and unsolved complaints, there were also users who were able to successfully recover their accounts and funds. So if you have funds stuck in there, there's still a little hope.

This is expected. I mean the recovery. I don't know, perhaps others are somehow surprised at the speed by which the recovery was achieved. Not only did the hashrate recovered after only a few months of the Chinese Bitcoin mining ban, it also created an ATH at almost 200 exahash per second. That's despite of the difficulty rising.

Well, of course, the world is wide. Miners could easily move to another country with welcoming arms. And they have more than a handful options.

d: row 2- Darker45

Please and thank you!

First and foremost, make a feasibility study. You cannot get a reliable answer even from the companies themselves or even from those who franchised from them. Every town, city, country is different in terms of real world circumstances. How is crypto adoption in your area? More specifically, how strong is crypto trading there? Are there stronger competitors? How many are they? How much do they earn in average per quarter or month or year? Are there experts you could hire from your locality to maintain a seamless operation? How well do you know about running an exchange? Is it allowed to operate a crypto exchange in your place?

Secondly, if you franchise a crypto exchange, it matters which exchange that is. If you franchise from an unknown, shady, and an exchange that doesn't have a track record because that is the only affordable option for you, you might as well drop your plan.

I voted for 2% and that's even a generous assessment of things observable. The truth of the matter is that despite the news about Bitcoin spreading around social media and other online platforms, when you go out of your house and talk to the people on the streets, in stores, restaurants, whatever shops, and so on, people don't know a thing about Bitcoin.

They may tell you that they might have heard or read or stumbled upon Bitcoin somewhere but they don't know what it is. We're still far from hitting mass adoption.

87- Darker45

Please and thank you! Merry Christmas!

With your long post, you still haven't told us even a little about your dice strategy. So, what is it really? I'm more interested about it than the amounts. It doesn't matter how much we could use as a starting bet or how much bankroll we could use on a daily basis. Just tell us first what the strategy is and perhaps we could analyze its probability a little.

For now, this looks nothing but a way to build up something in order to solicit investment from credulous individuals.

Circumstances vary from one country to another. In my country, however, the great majority of the people cannot buy a decent house without getting into mortgage. Borrowing is the only way for them to be able to own as expensive a property as a house. A house may be a basic need for a family, but owning one is very difficult.

If one is to only to rely on savings, salary, income from small businesses, and so on, it would take decades and decades before a house is built. So, many would find it practical to take a mortgage and pay monthly for 2-3 decades in relatively small amounts.

It takes regulatory policies for companies to finally integrate direct Bitcoin payments in their systems. For now, companies in different countries all over the world are tiptoeing on Bitcoin because of the lack of regulations. They are waiting for the proper green light from the authorities for them to finally make Bitcoin payment an integral part of their payment options.

However, things don't seem urgent because Bitcoin is not an attractive payment option even to Bitcoin owners themselves. With what's going on with fiat, it would be better to keep the better money and spend the bad money.

I appreciate what you are doing. I really do, although as much as we teach crypto to them to make money, we should also teach them the real essence of crypto. I'm afraid a lot of people who have just joined the crypto community are already losing sight of the real spirit of crypto. Crypto for many, newbies especially, is just a way to make money, to earn. There is nothing bad about it. But we should put a little more emphasis on the most fundamental ideas of Bitcoin. Otherwise, crypto would just be another ephemeral innovation in financial technology.

Although it might be unwise to just give somebody some Bitcoin without ever giving him/her a little of the basics and some do's and don'ts about keeping private keys very personal and all that.

But giving somebody a Bitcoin-related present is much more interesting to me. There are some Bitcoin collectibles out there, physical ones both loaded and unloaded, could be made of precious metals or not. There are a lot of choices out there as a gift and a way to introduce Bitcoin to somebody during this holiday season.

You cannot just erase fear at an instant. You cannot expect a newbie to have no fear at all. Imagine a newbie buying his first Bitcoin at $65,000. The next hour it went down at $63,000. The next at $60,500. He went offline for a couple of hours. The moment he got back, the price was already at $56,000. He checked the news and it was full of bad things and FUD and bearish sentiments. Would you expect a newbie to stay cool in such a scenario?

People who buy Bitcoin just so that they could also resell it at a bit higher price has yet to really see the bigger, much less the full, picture. If people are still buying Bitcoin so that they could grow their fiat more, they are not yet seeing the wider monetary, economic, and financial realities of the times.

Signs are abundant. We have seen even the most developed nations failing in their inflation targets. We have seen debt limits rising. We have seen money printing rising to intolerable levels. These are the reasons why we HODL.

What specifically about it? Take note that your seed phrase could give you your private key but not the other way around. I mean, you cannot derive your seed phrase from your private key.

So if what you have is a private key, you could import it to a wallet and be able to take control of your funds, but only those that are in the address whose private key you are in possession of. Generally, 1 address = 1 private key, but 1 seed phrase = unlimited private keys. So if you have a wallet and lost the seed phrase but have the private key of one of the addresses, you couldn't possibly retrieve those funds that are deposited in addresses other than the one of which you have the private key. 

Nope, if you have the seed phrase there is no more need to keep a copy of your private key. Your private key, after all, is derived from your seed phrase. Having the seed phrase under your sole control means you also have the sole control of your private key. If in the event that you specifically need your private key for whatever reason, you could always extract it from your seed phrase using iancoleman's BIP39 tool.

Overall, it is good enough. The opening was great with the economist Milton Friedman's prophetic words. But what happened next was sort of getting out of topic. There was incoherence so to speak. You entered with Milton's prediction that an e-cash will soon be invented, it's an internet and trustless form of money which goes directly from person A to person B; in other words, peer to peer. But why the seeming attack on banks after that? And also, the hooded partially hidden face of a man behind a computer suggests something underground or illicit. It may look cool, but that's how Bitcoin is being portrayed by its detractors.  

I guess it was more of a technical glitch than a hack, right? And it was not just coinmarketcap that experienced it as many sites and platforms are sharing the same sources.

Well, it was not something new. It happened a number of times in the past not just in coinmarketcap but also in tracking apps like Blockfolio and others. And it was not really much of a problem for as long as there was no vital data that was leaked, or no trading or investing decision was made by people while that glitch happened.