With a political system that rewards politicians for short-term actions and does not hold them accountable for the results of long-term actions, as also happens in banking. In general, humans tend to overestimate short-term risks and underestimate long-term risks, and this also influences the way we vote.

Once we are in the hole, we have continued to print more and more, because stopping printing leads to short-term problems, although continuing to make the hole bigger also causes problems, in this case more in the long term, but I think we are approaching what was the long term some time ago.

I tried once, selling a small amount. I simply wanted to test how they worked in person. In my case the one I used did not require KYC, you simply send the amount in Bitcoin required, when the payment is confirmet a QR code appears on your mobile, you scan it on the machine and it gives you the money. I don't remember exactly the fees but it was something like 5-10%. It didn't seem that expensive for what I had heard and a non-kyc system of selling fast.

My advice to newbies is different from yours.

Taking your case as an example, what I advise them to do is to first get informed about personal finance, and with basic concepts such as having a contingency/emergency fund, risking only the money they don't mind losing or diversifying the risk.

What you say has all the characteristics of an impulsive person who knows nothing or little about personal finance and investment, who because of this ends up investing in the coolest thing of the moment (high risk, of course), and who ends up losing everything.

Better to take your story as an example so as not to repeat the same thing.

In view of the foreseeable EU legislation that I commented on in another thread, I am pessimistic about it.

As I see it now, Bitcoin is going to remain just another financial asset, like a stock or an investment fund, and unless the legislation changes, it will not be used massively for day-to-day payments, due to the problem that it entails. of having to declare and pay, if applicable, capital gains every time you buy a coffee.

I hope that more countries join El Salvador, which will surely be poor countries, and that more and more politicians from countries like the US, UK, EU, etc. are in favor of implementing legislation favorable to Bitcoin to be able to use it on a day-to-day basis. But today I look to the future and I don't see it.

What I think is that it confirms a global trend of increasing acquisition and use. A simile is often repeated with respect to this and it is that we are today with respect to the use of cryptocurrencies as we were with respect to the use of the internet around the year 2000. There are still years to go before everyone has cryptocurrencies in their cell phones and can pay with them, but we are heading in that direction.

Putting in context everything that has been discussed in the thread, we are in a global context of reduction in the use of cash voluntarily by people, who prefer to pay with their cell phone or smartwatch, and the governments are smiling thinking about cashless societies in the future, or with cash replaced by CBDC, whose essential difference with cash is that governments can know what you spend all your money on.

Bitcoin and later currencies like Monero appeared as an alternative to fiat, but if laws like the draft we are talking about are implemented and measures like the one Lucius mentioned regarding privacy coins are taken:


P2p trading will be pretty much useless for the acquisition of goods and services. I think the original idea of Satoshi, and those of us who have dreamed at some point of mass global adoption, would be to be able to spend Bitcoin, perhaps with LN or some other system, in the future for the things we spend fiat on today.

But with these legislations, even if we can acquire some goods and services, the most basic necessities we are not going to be able to acquire without KYC. Ideally, with a Bitcoin-friendly government, a threshold could be set below which no transaction reporting or KYC would be required, for example $100 (I remember reading this idea from o_e_l_e_o), but as it turns out, it doesn't look like this is going to happen.

Let's analyze which of the basic necessities we could pay in the future without KYC:

1) Food. We have all at some point dreamed at some point in time of being able to pay at Walmart or equivalent in the future with Bitcoin. If that ever happens, it will be with KYC. Regarding the number of transactions discussed above, I believe that the IRS will simply use software.



I understand that just as you can set up a trading bot you can set up a program that analyzes the reported movements.

2) Shelter. Forget about paying a mortgage with Bitcoin or paying directly for a house if you have sufficient funds in Bitcoin without KYC. Maybe an undeclared rent, with the potential problems it could cause, we could pay it.

3) Clothing. The same. If you know someone who has a small store and is a bitcoin believer, maybe they will accept Bitcoin payment to buy clothes from you, but it is highly unlikely, because there are going to be fewer and fewer small businesses of this kind left.

4) Transportation. The same. You can maybe buy a second-hand car to a P2P private individual, but nothing more.

Well, since you ask me I'll answer you, let's see if you and me, and maybe someone else who can possibly comment can find out how this works, and at the same time we do some free publicity for [banned mixer].

I believe that in this advertising there are two components, SEO and the fact that potential customers see the advertisement and can go to the website being advertised.

For SEO it doesn't matter where the posts are published.

On the other hand, a potential customer is not going to read your comment on page 37 of a quality megathread when it reaches page 40. When it reaches 38, maybe. However, if you are the creator of the megathread, it is very likely that potential customers, especially if they visit the thread for the first time, will read your OP every time someone comments, because the thread is bumped.

Maybe someone could show me a statistical analysis to the contrary, but if I were an entrepreneur putting advertising on the forum, what I would be looking for above all is people who create threads and publish posts on the first pages. That's where the advertising is going to have the most impact on my potential customers.

Why do you think there are many sections that signature campaigns do not pay for, such as off topic or politics? I don't think it's because of the spam there. If it was because of spam, none of them should pay for posting in Gambling and Bitcoin Discussion which are full of spam. The issue is not about spam, it is about impact on potential customers.

A quality post in off topic is going to have a very low impact on potential customers, much less than one of the same quality published in Bitcoin Discussion or Gambling.

That's what I think, but maybe someone who knows more about how this works will change my mind.

Lol, I didn't want to open a debate about this. It's just a suggestion and icopress will do what makes the most sense to him.

I agree that not all megathreads are spam, this one for example is not:

[Mar 2022] Mempool empty! Use this opportunity to Consolidate your small inputs!

And Best Change doesn't think so either, that's why they pay for some posts on megathreads, and with that rule they are known as a campaign with high quality posters.

Also, I'm not sure if posts in megathreads are too profitable for advertisers, even if they are quality megathreads. Unless, apart from posting in it, you are also the creator of the thead, as LoyceV does.

You might want to consider implementing a rule about that similar to Best Change's one:

I see he's already removed the tag.

OP, I think you should lock the thread now.

I see that the trust negative tag is based on sharing a facebook profile. If it were an address where funds are received, for me it would be a stronger connection, although I am not an expert in catching alts.

Let's see what people who have more experience in this say, like lovesmayfamilis and others.

I would prefer a reduction in public spending, as raising taxes, especially in this context, further stifles the productive sectors and consumption.


No, it is not that I expect much from the ECB, and in any case I would say the opposite, that what it has to do now is to print less and buy less, not more, but if they see that there is a crisis, or a decrease as they like to call it, they are immediately tempted to give drugs to the junkie again.


I would specify and say that only successful businesses are able to beat inflation by passing it on to their products and services and being able to continue at a rate of sales that gives them a net profit. Inflation affects businesses and can take a lot of them down with it. Think of companies that have long-term contracts for a set price and now have to pay much more for raw materials, for example.

I'm not too keen on technical analysis, as I am a long-term investor, and in the past I used to follow technical analysts who used to be wrong on several occasions. The more cautious ones always use words like "most likely to be"....

I see a well worked post, the only thing I think it would lack is a more explicit conclusion. We are about to enter a bull run, I understood?

I infer that from what you say that we are currently waiting for 100 MA to cross 50 MA and that means Bottom is in.

Well no, I didn't know about the latest Bitcoin to be mined, and I appreciate this kind of threads to acquire more knowledge about the nature of Bitcoin little by little.

We can never be 100% sure if the Bitcoin will exist then, or if it will have been replaced by some other digital coin, or if the world will have disappeared by then, due to a nuclear cataclysm or something similar, but everything indicates that if things continue as they are now, with governments with an unstoppably increasing spending trend, with fiat currencies increasingly devalued and with the Bitcoin being more and more acquired and used by the population, by the time the last Bitcoin is mined, whoever has a fraction of Bitcoin will be rich.

It is a question of supply and demand, scarcity and production.

In the current system, rank has quite a lot to do with knowledge, another thing is people who got their merits airdropped because they already had a certain rank when the merit system was introduced.

But someone who doesn't know anything, doesn't care about learning and doesn't contribute to the forum, is not going to rise in the ranks.

Another thing is that "knowledge", is a broad concept, and does not mean only technical knowledge of Bitcoin, as n0nce may have, I don't have much technical knowledge and I have managed to reach Hero level.

I would leave it as is. Surely this version throws off younger people when they see the forum for the first time, but it is functional, and we also don't know if we would like the new forum once it is implemented. I've seen quite a few times people complain on other forums after a change.

On the other hand, if we look at Bershire Hataway's website, for example, we see an example of a company with a crappy website, which does not prevent it from succeeding.

https://www.berkshirehathaway.com/

No matter how many predictions are made, no one has a clue. In the end someone is right about what will happen in the price, but because so many predictions are made, that if instead of human beings making them, monkeys throwing darts at a dartboard or a similar system would make them, in the end someone would be right.

Today there are mainly two visions:

1) We are in a somewhat delayed cicle. We will beat the 2021 ATH this year.
2) We hit the high point of this cycle last year at $69K.

Take your pick.

When the price reaches $100K, one satoshi will not equal one cent. We will have to wait until it reaches $1M. I like the enthusiasm you have but at least base it on real facts and basic mathematics, not just feelings.

I am not sure that this is not a fake news, because it is in several digital media but not in any of the big ones. In any case, there is inflation all over Europe, and there will continue to be, but such a rise in supermarkets, if it materializes, should make the ECB think about what to do, since its main mission is to control inflation, and lately it had been a bit lenient with it.

'...the German trade association said that before the Ukrainian war, prices had already risen by 5% in Germany "for the entire product line" because of rising energy costs. Moreover, "the second wave of price hikes is coming, definitely by double-digit percentages." Aldi also expects German food prices to rise by 20% to 50% in the next few weeks. According to a survey recently published by the Ifo Institute, almost all German food retail companies plan to increase prices. "Germany's food supply is guaranteed for the foreseeable next year," said the German Agricultural Organization. "But beyond that time frame, it is difficult to make predictions. "'

Source: German food prices will rise sharply, Germans have to face a more impoverished life.

The problem with inflation is that there is no short-term solution to it. You have to have at least a medium-term vision to fight it and it cannot be based only on withdrawing liquidity from the market as the ECB plans to do. Energy policy also plays an important role, and the solution proposed to stop depending on Russian gas is more expensive.

With respect to the ECB, another problem that may be encountered is that of a catch-22 situation. After many years of giving massive amounts of drugs to the junkie, you cannot withdraw all the drugs at once, or the junkie will go cold turkey. Let's see how they do it without a major crisis.

Although there may be some more acceptances, it is clear that the vast majority of us will stay in this campaign.

From now on, we need to continue writing quality posts, as best we can, to give a good return to the [banned mixer] businessmen and to make them extend the campaign. It's just a question of numbers, if with the advertising they get more revenue, especially if it is in a substantial way, they will extend it.