I don't know, here in the forum is that we tend to see everything with a Bitcoin perspective, I think we have what is called a clinical bias or something like that.

It is good to teach younger people about Bitcoin but I think that within education in general, financial education, but also in many other aspects, education in values, for example.

If you teach a child about Bitcoin and you see that he is interested, then nowadays there are many resources for him to learn more by himself, and you don't have to insist on it.

I wouldn't push it. A little bit of Bitcoin education within general education, OK. To help him and to give him more education if he is interested, OK, but not to be too persistant.

If by replace we mean that the system they use will end up being adopted globally, I don't think so. If you mean a system adopted by them and a few other countries, it is possible. What I also find interesting is the window of opportunity this opens for cryptocurrencies. It seems that Russia is considering charging friendly countries for gas and oil in Bitcoin.

I'm not exactly a Putin fan but I partly understand. It is a retaliatory action against the retaliatory actions that the countries that buy from him have taken.

When there is a breach of contract by the other party, what you can do is to consider the contract as broken, which in practice in this case would mean that they don't have to buy gas from Russia. But if they want to continue to do so, they will have to pay you in rubles.

This has another implication, and that is that Saddam Hussein was killed because he wanted to be paid for his oil in euros instead of dollars. With Putin they will not be able to do much, at least not that easily, and he is not the only threat to the hegemony of the dollar at present, but this would be the subject of another thread.

Yes, but the question is how long it will take to implement that. They're not going to stop buying Russian gas today, is an issue that EU leaders were discussing yesterday:

"Germany, which gets 55% of its gas imports from Russia, however, has warned that an immediate ban would cause unemployment and stop drivers filling their cars. To stop using Russian energy “from one day to the next would mean plunging our country and all of Europe into recession”, the chancellor, Olaf Scholz, said on Wednesday.

He was supported by Belgium’s prime minister, Alexander De Croo, who said an oil embargo “would have a devastating effect on the European economy and I don’t think it’s necessary”.

So in the short term they're going to have to buy rubles, that's inevitable, and with that, the ruble will appreciate.

I have been reading theblockcrypto.com article and there is one thing I don't understand. It says on the one hand that they are buying it on the one hand because they are going to tokenize Bitcoin into Luna, their native token and on the other hand they are going to serve as a reserve for their UST stablecoin.

I think in part this is an acknowledgement that their stablecoin and token are crap and that Bitcoin is better.

I suppose the reserve is to cushion the depreciation suffered by fiat currencies and therefore stablecoins, but it is not clear to me what role the volatility of the Bitocin can play in a currency that is supposed to be "stable".

I just took a look at the Gambling section and I see that there are several threads spamming Betnomi, all created by newbies. The strange thing is that only one has posted the referral link.

Betnomi and you.

One of the greatest Gambling site with lots of kind people.

I love betnomi!!!!!!!!!!!

My favorite Crypto bitcoin site

I don't know if you have seen this before and what is the reason.

If none of them had put the referral link maybe we could think that it is the house trying to promote itself and on the other hand if in all of them there was a referral link it would be more normal to think that it is an individual person trying to get referrals.

Surely, but not all, there are many who spend their time in the altcoins sections and don't get out of there, those surely don't share our enthusiasm for Bitcoin.

Good reasons have been given but there is one that has not been said or at least explicitly: Bitcoin is the best financial asset to improve your economic situation. I believe many of us discovered this forum when we discovered Bitcoin as a financial asset to invest in. Then we started looking for information and learned about its intrinsic properties, which are responsible for its success and why we love it.

Thank you for sharing this. I had no idea and I find it interesting, although I am skeptical about how successful they can be.

In case anyone had no idea of what this is about or is lazy to visit the link, I quote:

“JPB Liberty is organising a Class Action against Facebook, Google & Twitter for their ongoing ban on Crypto related advertising.
…
    Anyone holding cryptocurrencies or involved in the Cryptocosm can join the Class Action as a Class Member on an anonymous, no win no fee basis.
    Proceedings were filed on 14 August 2020 and class member signup closed on 21 Aug 2020. It may reopen in future.”

They also talk about other potential class actions_

    “Against those Banks which acted in concert to ban cryptocurrency purchases by credit cards.

    Against those Banks which have improperly frozen customer accounts because of perfectly legitimate cryptocurrency transactions.

    Against Regulators who exceeded their legal and constitutional authority in attempting to regulate the Cryptocosm.”

It is certainly cool that they are taking this legal initiative against the established power, and although as I said before I am a little skeptical with the success they may have, I hope they will be successful, at least in some of their demands.

It is normal, we are at the beginning of a path whose end is that having cryptocurrencies will be as normal as having a cell phone nowadays.


I've read about crypto sponsors in the NBA. Googling around I found a few:  

NBA lands first cryptocurrency sponsorship with Coinbase.

76ers Become Second NBA Team to Ink Crypto Ad Patch Deal. (The first were the the Portland Trail Blazers)

Slam dunk: How crypto brands are making a splash with the NBA–and fans.


It seems to be just the other way around, that they consider the NBA an ideal place to advertise.

 

I partly agree with what you say.


I agree, and you can see that right here in this forum many people have a side income with signature campaigns. Some don't pay much but it's a decent income if you live in a poor country and there are some that pay quite well.

Although it may not seem so at first glance, the ability to write well is a skill. Then you can complement it with other things, such as graphic design, for example.


In my case it is a complement but I don't rule out the possibility that in the future it can be the main source of income. Either because I am forced to emigrate in the event of a war or whatever, because the income I receive from those side hustles increases a lot, as I said in another post, or because I become a bit fed up with life in my country and prefer to try living in another where the cost of living is much cheaper, as The Pharmacist suggested:

Is there a place in the world you could live like a king via sig campaigns?



This is the part where I disagree. There are people who do not make ends meet, some are greedy and others are not. I don't see a cause and effect relationship here.

To conclude, in the title you were talking about the war, but not so much in the OP. I would like to give you the example of icopress, who is in Ukraine suffering the war, helping his fellows and I know that he gets at least part of his income from this forum, so it would be an example of how digital skills can help you.

It's good that as a newbie you are thinking about these things. As for me, getting struck in the head by lightning the next time it rains is a possible scenario, but I don't base my life on it.


I consider the premise false, therefore the conclusion false as well. Although you are partly right that as time goes by Bitcoin is more expensive, therefore it costs people more money than they earn from their labor to buy it.


But I, to anyone who is hesitating whether to buy Bitcoin today, I would recommend not to think too much about it. These forums are full of people who could have bought at one point in the past, didn't and then regretted not having done so.

A good strategy is to DCA, with as much weekly or monthly as you can according to your finances. It's better that than waiting without buying and then complaining that it's too expensive and you're working too hard to get it.

They don't appear as deleted/off limits to me:




They are mostly technical boards. Let's see what he says.

I don't know where you get those percentages from but certainly your assumption is exaggerated. As of today, we are not losing anything close to 5% per year. At the beginning it was more normal that many were lost, because it was a new thing, which was worth very little and people were not careful. Today, in general, much more measures are taken to avoid losing your private keys, but even so, inevitably a small percentage will continue to be lost, much smaller than the 5% per year that you suggest.

But even if they were lost that much it would not be a problem because what would happen is that the rest would be worth more and when the time came a consensus could be reached to further subdivide the remaining ones. Just as 1 Bitcoin is equivalent to 100 million Satoshis, each Satoshi could be subdivided into 100 million miniSatoshis or whatever name you want to give it. And in fact, this is something that is already done with LN because millisats are used.

Problem solved.

In mine as well


This is what I was referring to. Surely the above screenshot was not ideal. Let's see if it looks better now:



The "r's" are broken.

Under "YOUR OPPORTUNITY TO", "HAVE BITCOIN BUSINESS" is missing.

And underneath "Become a seller", "Mix coins" is missing.

I know there are other signature campaigns where the signature looks broken, but the best two so far, which are Chip Mixer and Best Change, the signature is not broken in the mobile view.

I say that if we are supposed to compete with them, because in terms of payment this signature campaign today is the second best and has very similar conditions to Chip Mixer, and although Chip Mixer could work with [banned mixer], the manager has taken us as competitors; it would be good to consider to fix this if the campaign is extended. If it only lasts two or three weeks it won't be necessary.

The first thing I thought when I saw this is that I would like to see it become generalized and start seeing bars of this style all over the world.

Although I immediately thought that there is a drawback: the regulations that consider Bitcoin as a financial asset and that make you have to declare, and if applicable, pay capital gains every time you pay for a beer or a coffee.

So, it has occurred to me to look up the legal status of cryptocurrencies in Mexico, and I see that they are not regulated specifically, but:

"Given the legal nature of the cryptocurrency, in principle, it should be considered as  movable property. It is worth noting that Mexican individuals have an annual tax exemption on  capital gains from the sale of movable property up to ~$90,000 Mexican pesos (~USD $4,000),3 which is an amount that may cover many cryptocurrency transactions, mainly when used as a  payment method."

Source: Overview of Mexico’s Crypto Taxation

What is not clear to me is whether even if below that amount is exempt, supposedly the transactions have to be declared. Although I suppose that as it is not specifically regulated, even if it has to be declared, if it is exempt, no tax official pursues people for not having declared 3 beers paid in Bitcoin.

The thing is that for Bitcoin to be used for day to day life being considered as a financial asset for which to pay capital gains, you have to establish a threshold below which capital gains are not paid and better if you do not have to declare them either.

I have been perusing the thread and understand the OP. Maybe he opened the thread a little early but I understand him being pissed off.

Surely, if Stake.com is hiding behind their clauses, nothing can be done from a legal standpoint, but to me it seems morally reprehensible.

If the bets are voided, those who lost the bet are not going to protest, of course, it benefits them, but it is normal for the winner to be pissed off.

I think that in this case they should have assumed the mistake and pay edgycorner what is his, which in the total budget of Stake.com should be nothing.


I don't quite understand this. If you get 1 to 1 it's the same as if they cancel your bet. He should have been given 1.2 of his bet, but whether they cancel it or give him 1 to 1 is the same thing. At least mathematically.

I don't know how he's going to be any less pissed off because they use one word or another.

Not too realistic I think. More wishful thinking than anything.

I think adaseb has given us the main clue:


Although with Bitcoin you can never know for sure, I highly doubt there will be a bull run this year. And if it does occur, it would not be based on a repeat of previous cycles isolated from events happening in the real world. The predictions for last year, which all gave at least $100K, were based on a repeat pattern of cycles, when it's not like the Bitcoin has had a million cycles with similar patterns, there had only been 3 cycles before.

I think if we go into a bull run it will be a combination of things like: end of the Ukraine war, more states adopting bitcoin as a legal tender and some large companies announcing they are buying bitcoin for their reserves and/or accepting bitcoin payments.

While I partly agree with your argument, I highly doubt it would reach that price this year. Demand would not remain constant. You have to think that we came from a $60 price a year ago. Now we are at double that price, not that far from an ATH. To reach $300 would be to multiply by 2.5 from this level.

There are many people who would not be able to afford to go to work with those prices, for example. People who used to take the car on the weekend to go to the countryside would stay in the city. Etc. So, I think the more the price goes up, the more difficult it will be for it to keep going up.

Let's see if we find out what it's all about, the last news I've seen didn't seem very bullish to me:

Honduras’ Central Bank Debunks Bitcoin as Legal Tender Rumors

Thailand is banning Bitcoin and crypto payments – why it doesn’t matter


Yes, it is probably just normal short-term price variability, without us having to look for a specific explanation for it.

What is also clear to me is that it is a crisis caused by political decisions, it is not something that came about like a hurricane.

Whether the political decision is justified or not, based on ecological issues, I will leave for another debate.

If we look at Europe, the demonization of fossil fuels and nuclear energy (the latter except in France), led to an increase in prices before the war and with the dependence on "ecological" Russian gas now with the war even more.

In the USA, we have a country that was energy independent not so long ago, a net exporter, and that by political decision now prefers to go begging dictatorships around the globe to produce more to lower prices.

If you get on a chair, hang a rope from the ceiling, put it around your neck, and kick the chair, don't be surprised if you suffocate.