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4261  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH future on: March 26, 2022, 06:20:59 PM
I fear for ETH future, almost all smart contract projects are using the PoS staking algorithm but only ETH PoW stands alone, this makes ETH different and one of a kind smart contract project, I think vitalik buterin will regret is decision after ETH goes PoS.

https://www.fiahub.com/blog/ethereum-eth/
The PoS algorithm was planned a long time ago and if you learned how validators would work, then you would calm down a bit. Over time, light clients will appear that will allow even an inexperienced user to create their own nodes.

4262  Alternate cryptocurrencies / Altcoin Discussion / Re: Why Gas Fee is too High? on: March 26, 2022, 06:14:29 PM
The commission in Ethereum has decreased because so many projects have gone into layer 2 ecosystems.
https://l2beat.com/
NFT tokens are also well minted in L2 ETH. And sharding will still push through 3 or 6 months after the merger.
4263  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ethereum: Welcome to the Beginning on: March 26, 2022, 06:05:55 PM
sp_- troll king. LOL!

__
But I would advise reading the biography of Vitalik Buterin
4264  Bitcoin / Bitcoin Discussion / Re: Russian individuals are using crypto to bypass sanctions on: March 26, 2022, 05:55:32 PM
Russians have been banned or restricted especially for using crypto currency. Their normal use may be disrupted here but those who have assets in their personal wallet can easily solve this problem with the help of someone from another country(P2P). However, those who have assets in the exchanges may have difficulty. Remember that till today Russia have good friends like china so everything is possible.
In short, I’ll tell you how Russians buy crypto wallets or expensive phones (oversized goods).
The buyer sends the cryptocurrency to the guarantor in Poland or Belarus, and the guarantor sends the goods along the route Poland-Belarus-Russia. It is even easier with China and Kazakhstan.
4265  Bitcoin / Bitcoin Discussion / Re: Russian head of the committee on Energy about selling oil and gas in Bitcoin on: March 26, 2022, 05:43:49 PM
I can understand what bloggers like MMCrypto are screaming for hype
https://twitter.com/MMCrypto/status/1507288255074557957
"BREAKING NEWS: Russia is considering energy sales to some nations in #Bitcoin!"

If you think about it logically, Russia will never do this.
Kazakhstan, China, Belarus are actively importing goods to Russia.
4266  Bitcoin / Bitcoin Discussion / Re: Russian individuals are using crypto to bypass sanctions on: March 25, 2022, 06:06:00 PM
Wealthy Russian citizens have exchanged their money for cryptocurrencies and are buying up real estate in the UAE and Turkey.
~
This is how the sanctions of Europe and America help the economies of other countries Grin

And the most obvious fact, is sanctions are pulling even more wealth from Russia, people moving money out of Russia and buying properties in foreign countries, properties that they will have to pay taxes on every year, draining more and more their pockets. You're witnessing a full capital flight with money leaving the country at insane levels and you still think that the sanctions are a joke, lol.

This capital flight is proof of how much trust the people that have some money in Russia have in the future economy, if they would have had even a bit they would have used that money to buy property there or invest in companies that would replace the western ones that are fleeing, something like building Elbrus chips, but the reality is that everyone flees faster than rats from a sinking ship, the water is barely leaking and the rats are already onshore. What happened to Make Russia Great Again? Still in beta testing?
It is a very difficult time in Russia right now. Some people choose to run away because they already have a lot of money. But this will end sadly, because other people will take away their business in Russia, and they will live in other countries as tourists.
I will tell you my opinion, despite everything that happens, there is a lot of money in Russia. I have a business in Russia, and the problem is not in finding investments, but in the fact that all industries are busy. So now there are a lot of opportunities for business in Russia. I can write you many examples, for example about McDonald's. The food in the European McDonald's is very different from the food in the Russian McDonald's, because countries have different requirements for food in public catering. Many companies use palm oil for food production, although it is banned or very strict in Europe.
Many cafe and restaurant owners are very happy about this and will take a share of the business from foreign companies.
4267  Local / Альтернативные криптовалюты / Re: Стейблкоины обзор (Ноябрь 2019) on: March 25, 2022, 04:49:31 PM
Перевод
https://twitter.com/pothuEth/status/1504505881949573135
Про Terra и $UST

"1. Terra решение для стейблкоинов и будущее DeFi
Вот ваш путеводитель по #Terra , его нативному токену $LUNA и стабильной монете $UST. #Terra — это блокчейн-протокол, используемый для создания алгоритмических и масштабируемых стейблкоинов.

2. #Terra — это блокчейн, который позволяет пользователям создавать стейблкоины, привязанные к фиатным валютам. Эти монеты, в том числе #UST , действительно децентрализованные и алгоритмические. $UST — флагманский стейблкоин Terra. Он также использует потличный механизм сеньоража.

3. Другие децентрализованные алгоритмические стейблкоины, такие как $DAI MakerDAO, полагаются на чрезмерное обеспечение. Люди, которые хотят чеканить $DAI , должны обеспечить в 1,5 раза больше $ETH, чем они хотят получить, и заблокировать их. Это по сути кредит и есть много рисков.

4. Есть много способов, которыми алгоритмические стейблкоины могут поддерживать свою привязку. Секрет $UST — #LUNA . UST использует эластичную денежно-кредитную политику для поддержания стабильности. $UST обеспечивает ценовую стабильность за счет корректировки предложения на основе колебаний спроса в реальном времени.

5. UST использует токен управления и стейкинга #Terra, $LUNA , для поддержания своей привязки с помощью алгоритмического механизма стимулирования. Привязка #UST поддерживается арбитражерами. $LUNA и $UST связаны друг с другом: чтобы создать $UST, пользователи должны сжечь токены $LUNA на эквивалентную долларовую сумму.

7. Всякий раз, когда соотношение между $UST и $LUNA неэффективно , арбитражеры могут вмешаться и получить прибыль от разницы. Это одновременно помогает $UST удерживать свою привязку.

8. Например, если стоимость UST упадет до 0,90 доллара, арбитражер может сжечь 1 доллар UST , чтобы отчеканить 1 доллар LUNA , а затем продать LUNA за доллар с прибылью 0,10 доллара. Аналогичным образом, если спрос на $UST возрастет, для создания $UST будет сожжено больше токенов $LUNA . Это также уменьшает общее предложение $LUNA.

9. По сути, стабильная монета $UST управляется волатильным активом $LUNA . Популярность доллара UST также растет, и в настоящее время он является 4-м по величине стейблкоином по рыночной капитализации."
4268  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ethereum: Welcome to the Beginning on: March 25, 2022, 03:17:40 PM
Ethereum is a serious fundamental asset, and I do not think that its price will drop by 90% of ATH.
Price of Ethereum might fall 90% from its all time high in a bull market. It is probabaly where price will bottom out from all time high. Question is where is the all time high for Ethereum in this bull run? If people think the orice above 4k is all time high for this bull run, they can wait for 80% or 90% discount and enter for a next long term investment.

If they don't believe it, why do they not enter now?

Honestly, Ethereum is a few cryptoccurrencies that I don't believe long term investment with them will cause loses.


Quote
For example, this is how the price of its competitors falls
https://www.coingecko.com/en/coins/internet-computer
For long-term investments, ethereum is a very promising asset due to lower inflation after the launch of Ethereum 2.0
Newer, younger altcoins will need 4 to 8 years to have a solid position in crypto market. BNB has gone through the first toughest testing period, others should finish it too.

Else, there is no strange to see altcoins with less than 4 years old have very highly volatile price.
Now it is not clear which market, bulls or bears. I think that the bear market is now, because a lot of inexperienced investors bought Ethereum for more than $ 4,000 and manipulators need to force hamsters to sell their coins cheaply.  If the price of Ethereum goes up, then I don't understand who will pay for it?
I am trying to understand various scenarios, but I am more confident that manipulators will not allow new investors to sell their coins at a profit.
4269  Bitcoin / Bitcoin Discussion / Re: Russian head of the committee on Energy about selling oil and gas in Bitcoin on: March 25, 2022, 03:06:04 PM
There’s an ongoing trending topic on tweeter about the video interview of RF head committee on Energy that they are considering assets like Bitcoin as payment for there oil and gas. The video is in Russian Language and still needs to be verify by Russian native speaker. This news maybe ignite the recent fluctuations on Bitcoin right now.

Anyone here can verify and translate the content of the video on source link: https://mobile.twitter.com/BitcoinComfy/status/1506982883076063236?s=20&t=wOZOKzpCqJ9SjG_J64-oaQ

“We have been proposing to China for a long time to switch to settlements in national currencies for rubles and yuan. With Turkey, it will be lira and rubles. The currencies used can be different and it's a normal practice. If it's Bitcoin, then it's Bitcoin,” the deputy said during a press conference organized by the Rossiya Segodnya news agency.

Read more on RBC:
https://www.rbc.ru/crypto/news/623c75db9a79474e05533924

This is a video with the right phrase for the news.
https://mobile.twitter.com/gegelsmr2/status/1506999204295725060

English is very formal. The same phrase in Russian can mean nothing Smiley
"Будут биткоины - будем биткоинами торговать"
As a native speaker of Russian, I will write you a simple example: If there is a brick, we will build a house. It’s just not clear whether a brick will ever appear (most likely never) and maybe I’ll build not a house but a barn, and maybe it will be in another country, since the place for construction is not indicated.
Such phrases should not be taken formally, meaning that maybe someday, but probably never.
4270  Bitcoin / Bitcoin Discussion / Re: There is a way to getback all your lost or stolen Bitcoin ! on: March 25, 2022, 02:22:22 PM
I recently did analytics on bitcoin wallet hacking using quantum computers. As long as the bitcoins are safe.
https://bitcointalk.org/index.php?topic=5389664.msg59523925#msg59523925

I'm worried about another problem. Most of the pools in the USА, Most of the exchanges in the US, Oteny large volume of bitcoin trading in the US. If one day their politicians want to make the most successful financial transaction, they will raise the price of bitcoin to high prices, sell their reserves, and then decide to ban it. Bitcoin will live, but its price may fall dozens of times.
4271  Bitcoin / Bitcoin Discussion / Re: Russian individuals are using crypto to bypass sanctions on: March 25, 2022, 02:10:47 PM
Wealthy Russian citizens have exchanged their money for cryptocurrencies and are buying up real estate in the UAE and Turkey. It is perfectly legal in the UAE. You officially change cryptocurrencies in this country and open a bank account, and then buy real estate.
https://iz.ru/1310195/2022-03-24/kolichestvo-sdelok-s-nedvizhimostiu-v-dubae-vyroslo-v-chetyre-raza
In Turkey, the exchange is done through intermediaries and Russians also buy apartments and houses.
Prices have also risen in Georgia and Armenia, and housing rent has risen in price.

This is how the sanctions of Europe and America help the economies of other countries Grin
4272  Bitcoin / Bitcoin Discussion / Re: "Russia May Accept Bitcoin for Gas Exports, Lawmaker Says" on: March 25, 2022, 01:56:53 PM
Russia sells gas for foreign currency. The Ministry of Finance will oblige Russian exporters to sell 80% of foreign exchange earnings
Read more on RBC:
https://www.rbc.ru/politics/28/02/2022/621c7d2b9a79474bff316771

Now Russia will sell gas for rubles. Firstly, this law is not for all companies. Secondly, if this happens, then foreign companies will buy the ruble on the Russian stock exchange and pay them for gas. The Russian currency exchange will earn more commissions.

The dollar will still remain the world's largest reserve currency, there is more politics here than economics.
4273  Bitcoin / Press / Re: [2022-03-23]Thailand Bans Use of Cryptocurrencies as a Method of Payment on: March 25, 2022, 01:46:58 PM
https://phangan.ru/
A useful portal that has been operating in Thailand since 2018 and there you can get any help, including exchanging cryptocurrencies for fiat. The exchange of cryptocurrencies is not prohibited yet, but the tourist will have to pay additional fees.
4274  Local / Альтернативные криптовалюты / Re: [ETH] Ethereum - мировой компьютер on: March 24, 2022, 01:19:57 PM
https://blog.ethereum.org/2022/03/23/finalized-no-34/
Перевод вольный

Печь🧱🔥 работает, зацените
Неделю назад тестовая сеть Kiln🧱🔥 прошла через слияния, чтобы перейти от тестовой сети PoW к полностью функциональной тестовой сети PoS.

Если вы запускаете валидаторы в основной сети, сейчас самое время протестировать настройки после слияния. Перейдите на целевую страницу Kiln и изучите ее.
https://kiln.themerge.dev/

Тест Merge идет полным ходом.
Переход с PoW на PoS в Kiln прошел не без проблем. Из-за ошибки кодирования Prysm создавал недопустимые блоки , в то время как у некоторых клиентов выполнения были другие ошибки, связанные с синхронизацией во время перехода.

Несмотря на то, что функционал клиентов теперь полностью готов и близок к массовому применению, незначительные программные ошибки все еще появляются то тут, то там. Хотя это не фундаментальные проблемы с основными спецификациями и исследованиями, это указывает на то, о чем мы говорили в течение довольно долгого времени - безопасность и тестирование будут важным моментом, определяющим окончательную дату старта Merge.

С этой целью команды клиентов, исследователи безопасности и тестировщики удвоили усилия по тестированию на всех фронтах в течение следующих 4+ недель, готовясь к обновлению общедоступных тестовых сетей. Эти усилия включают в себя тестирование hive, создание тестовой сети Kurtosis, фаззинг сети, управляемый  Antithesis, разветвление Goerli и Mainnet, ручную проверку кода, фаззинг по всему стеку, улучшение тестов консенсуса и многое другое!

Мы хотим выразить огромную благодарность Blockdaemon за то, что он предоставил для тестирования Merge 900 тысяч долларов в виде облачных кредитов IBM! Фаззинг- это все, что нужно для того, чтобы направить на решение проблемы больше ресурсов, чем ваш противник, поэтому с помощью этих кредитов мы уверены, что сможем устранить все ошибки, которые можно найти.
4275  Bitcoin / Press / [2022-03-23]Thailand Bans Use of Cryptocurrencies as a Method of Payment on: March 24, 2022, 07:07:33 AM
https://www.sec.or.th/TH/Pages/News_Detail.aspx?SECID=9353&NewsNo=39&NewsYear=2565&Lang=TH
https://www.bloombergquint.com/onweb/thailand-bars-use-of-cryptocurrencies-as-a-method-of-payment
"(Bloomberg) -- Thailand will bar the use of cryptocurrencies as a means of payments for goods and services, saying the wider use of digital assets threatens the nation’s financial system and economy.
While the restrictions on the use of digital currencies for transactions will be effective starting April 1, companies in Southeast Asia’s second-largest economy will have until the end of April to comply with the new rules, the regulator said. It said the curbs on cryptocurrencies such as Bitcoin for commercial transactions are in line with regulations in Europe, the U.K., South Korea and Malaysia. "
4276  Alternate cryptocurrencies / Altcoin Discussion / Re: Terra projects are looking solid on: March 24, 2022, 07:00:59 AM
The $10 Billion Bitcoin Bet On Stablecoins
https://pomp.substack.com/p/the-10-billion-bitcoin-bet-on-stablecoins?

"First, Terra is becoming a persistent buyer of bitcoin. They are slowly purchasing $3 billion of bitcoin from the Luna Foundation reserves.
Second, Terra is highlighting the opportunity for bitcoin-backed assets.
Third, bitcoin gets a credible layer two in Terra, one of the largest smart contract platforms in the world."
4277  Bitcoin / Bitcoin Discussion / Re: Btc and usdt people trust on: March 24, 2022, 06:52:46 AM
Traders and alot rich traders investors are in 2 things.
Btc and usdt as USDT is safe place to hold funds but how the exchangers protect this ?
Imagine if something happens with usdt many people will lose so much that they never cant deal with crypto anymore so what is the exvhangers security plan to fully protect customers ?
As myself fully depend on usdt thats how much i trust usdt and usdc also.

People want to be in crypto if they can funds in stable coins to give them safety but if usdt not safe as there is rumours about usdt then all the crypto game will be over.
I can never sleep well if i know my money will be in volatile coins so USDT is now very important and gives confidence for investors and crypto lovers such us myself
Centralized stablecoins are just as insecure as centralized exchanges. I allow the use of these stablecoins for the duration of the trade, but for long-term storage it is better to use DAI or TerraUSD.
https://bitcointalk.org/index.php?topic=5247581.0
4278  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: has anyone heard about tokenswap.net ? on: March 24, 2022, 06:06:13 AM
2016 - 2021 but there are no reviews for this service, which is very strange.
If it is a centralized exchange, then there are always risks. If this is an unknown centralized exchange, then these are additional risks. I would rather use known exchanges like
https://www.hotbit.io/ where you can trade without KYC or decentralized bridges and aggregators.
https://bitcointalk.org/index.php?topic=5389259
4279  Alternate cryptocurrencies / Altcoin Discussion / Re: Quit expecting a ETH killer on: March 24, 2022, 05:56:34 AM
It's getting annoying to see people talking about a project is the next Ethereum killer, for how long are we going to keep this up? So far there are so many ETH killers that haven't taken a single shot at Ethereum, this has proven that Ethereum isn't a project that any new coin or token can just take over like that, it has never been easy.

They said

Oasis Network is the next ETH killer but before it was EOS, Cardano, Chainlink, Tezos and a few more, get busy gathering these good projects and stop expecting them to be the ETH killer, not killing ETH won't stop them from becoming very useful smart contract project in this space.

Ethereum killer, this is the ICO trend of 2017 for raising capital from similar projects. Today, all ecosystems work through various bridges, and no one needs to kill competitors.

Cross Chain Bridge Aggregators
https://bitcointalk.org/index.php?topic=5389259

And read this statistic
https://bitcointalk.org/index.php?topic=428589.msg59562224#msg59562224
4280  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ethereum: Welcome to the Beginning on: March 24, 2022, 05:49:07 AM
Traders Bet on Ether Staking After Ethereum 2.0 Upgrade

30billion usd has already been locked in the staking pool, but nobody know the price of Ethereum after the hardfork. A crash in the price could in a worst case scenario give a 90% loss of the initial investment... The staking reward is payed in Ethereum and not in fiat.

Ethereum is a serious fundamental asset, and I do not think that its price will drop by 90% of ATH.
For example, this is how the price of its competitors falls
https://www.coingecko.com/en/coins/internet-computer
For long-term investments, ethereum is a very promising asset due to lower inflation after the launch of Еthereum 2.0
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