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4281  Other / Beginners & Help / Re: This is why Bitcoin is the only way on: July 25, 2022, 02:09:14 PM
It's actually about being our own banks. It's actually about self-custody. It's all about full control. Bitcoin as a way would prove pointless if we forget that it is about freedom and independence. Bitcoin in Binance is no Bitcoin at all. Bitcoin staked in centralized platforms is no Bitcoin at all.

And we know that most people are not able or do not want to think too much about such complicated things as the possibility of being their own bank. When I think about how many people have problems with their bank cards, whether they constantly lose them or forget their PIN, imagine what would happen if they tried to use Bitcoin.

Because of this, many have accepted the wrong storage method, so they use CEX as storage, which is no different from storing fiat in an ordinary bank. In some countries of the world, certain savings deposits are insured by the state up to a certain amount, so that even if the bank fails, you have a chance to get your money. It's not that some CEXs don't have insurance in case of hacking, but in the event that QuadrigaCX or something similar happens, everything can only become a story for a movie, and clients can hope for some crumbs after years of lawsuits.
4282  Other / Beginners & Help / Re: Websites for Dollar Cost Averaging DCA on: July 25, 2022, 01:00:32 PM
So is it worth starting to DCA during the bear market and carry it through to the next bull market? Also, thank you very much for the informative post Smiley

If you are ready to invest for the long term, then I see no reason to be skeptical about when you should start investing, especially if you now have the opportunity to buy Bitcoin at a significantly lower price than a few months ago. Although it is possible that in the coming period the price of Bitcoin may be lower than today, DCA enables you to invest as much as you can afford at regular intervals.

I suggest you visit the links posted in the first post, because you can learn a lot from some concrete examples.

Investing in Bitcoin with no DCA (Example)

It’s January 1st, 2018, and John decides to purchase $5,000 worth of Bitcoin today.

The Bitcoin price at the time was $13,800 per coin, which means that John now owns 0.362 BTC.
Investing in Bitcoin using DCA (Example)

It’s January 1st, 2018, and Alice decides she wants to purchase $5,000 worth of Bitcoin.

However, instead of investing the entire amount today, she decides to purchase $500 every month, for 10 months.

10 months later, Alice owns 0.61 BTC. That’s allmost twice as much as John, even though both invested the same amount.
4283  Bitcoin / Bitcoin Discussion / Re: What is the real impact of cryptocurrency mining? on: July 25, 2022, 10:42:04 AM
Do we need another thread about what should be an already finished story considering the number of posts on that topic on the forum?

@GFDhd, please read -> Debunking the "Bitcoin is an environmental disaster" argument.
4284  Bitcoin / Press / Re: [7-21-2022]Insider trading charges filed against CB employee on: July 25, 2022, 10:33:13 AM
https://bitcointalk.org/index.php?topic=5407225.0

There has been a discussion on this topic for some time in the Legal board, and all I can say is that I absolutely support the strictest sanctions against anyone who abuses their position in any way. First of all, people should be demotivated to do such things - because people agree to risk a few years in prison if they get caught, and in the process manage to hide the millions of $ that await them when they are free again.



I understand that the DOJ is largely relying on certain tokens listed on Coinbase as being a "security", and I think they are stretching the definition. What Wahi is alledged to have done is certainly unethical, but I don't think it reaches the point of being illegal.

For me it is both unethical and illegal, but it all depends on how one views the world. Today, we are increasingly going in the direction of saying that many negative things are unethical, even though someone used their position and privileged information to obtain financial profit. Recently, in my country, the governor of the central bank and some of his associates were suspected of using privileged information available only to them, which earned them a certain amount of money - instead of investigation and conviction, the matter was only called unethical - so although the example may not be completely comparable, society has become too lenient towards some things.
4285  Economy / Economics / Re: How Much Garden You Would Need to 100% Survive On on: July 25, 2022, 10:09:30 AM
Solariums.

Look what hail did a few months ago in my country, and even greenhouses with glass that was supposed to be resistant to hail impacts were destroyed. Conditions have become extreme in every way, be it hail or temperatures going over 40 degrees Celsius in the shade. You must be aware that some plants cannot bloom and form fruits if the temperature does not suit them, so for example, we do not plant green beans in spring at all, but in late summer, which is more suitable for them and they produce good fruits in autumn.

https://www.zagorje-international.hr/2022/05/25/tuca-kakva-se-ne-pamti-nema-kuce-i-staklenika-koji-nisu-osteceni-usjeva-koji-nije-unisten/

You're not going to like it, but int he near future even the farmers will be looking at screens, J&D just brought their autonomous tractors CES, our company has in plans to test by 2025 the first full autonomous loader /unloader in one of our logistics centers, and delivery will probably start being dominated by pi-cup delivery locations like those safe boxes that have been popping up like mushrooms from Denmark to Bulgaria.

It is logical that technology enters every pore of society, and agriculture is no exception. I have no doubt that in the future everything will be automated to the extent that the entire farm will be managed from one center, provided that it will be possible to produce food at all, given that some areas will look more like deserts than arable land.

https://ec.europa.eu/research-and-innovation/en/horizon-magazine/stretching-sands-desertification-spreads-europe
4286  Bitcoin / Bitcoin Discussion / Re: Finland sold 1,900 BTC, for a good cause on: July 25, 2022, 09:44:57 AM
Regarding the aid that we received during the war, majority of it didn't reach those that actually needed help and while those who were assigned to distribute it got rich instead. My guess is that similar thing is happening in Ukraine with donated money and goods.  

You probably mean all that money that was stolen from our emigrants and ended up in the private accounts of the same party that is still in power today and steals from its people to the same extent as before. But it is not only the thieves who are to blame, but also those who support them all the time.

There is no doubt that some of the aid will not be used as it should be, but I think that most of it will end up in the right hands. The proof is that Ukraine still manages to defend itself, even though on the other side stands the second strongest military power in the world (which I strongly doubt) after everything seen.
4287  Economy / Invites & Accounts / Re: [ Blockchain Mart ] Buy Followers, Accounts, Giftcards With 300+ Crypto Currency on: July 25, 2022, 09:32:56 AM
That Is Not A Mistake Actually With Correct Discounts & limited time offers And Some Vpn That Is Possible
Those Accounts Are Made By Us And Are Fully Warrantied

From my perspective, it seems a bit unreal, because regular Netflix HD costs EUR 8 per month in my country. Regardless of the fact that you offer a guarantee, I hope that these are not those accounts that constantly have problems and need constant replacements.

The advice is to move your topic to the appropriate board - just check for move button and move here -> https://bitcointalk.org/index.php?board=234.0
4288  Economy / Invites & Accounts / Re: [ Blockchain Mart ] Buy Followers, Accounts, Giftcards With 300+ Crypto Currency on: July 24, 2022, 01:41:00 PM
If the prices are correct then I have to admit that I have not seen a cheaper price for 1 year of Netflix UHD which is only $7 for one year - is this correct or is it a mistake? I don't know how anyone can make money legally selling something at such low prices if we assume that it's not about hacked accounts...?
4289  Economy / Economics / Re: You don't earn money only from others, but also when you avoid spending your own on: July 24, 2022, 01:19:16 PM
~snip~

If everyone was a good accountant, then far more people in this world would live better - but the problem is that today's society has become an obsessive consumer and instead of spending more time with family or in nature, they go to huge shopping centers and spend hours walking around the shops. Everyone who does it knows that it is almost impossible to avoid buying things that we don't need at all, but desire is sometimes much stronger than common sense.

It's hard to change when you're constantly under the influence of advertisements, whether it's on TV, the Internet, or the radio, to buy this or that. So watch less commercials and think more for yourself, and you will certainly save money. I can only say that I saved a considerable amount of money when I got rid of harmful habits like cigarettes or junk food, and that is something that anyone can do - better health and more money, two birds with one stone Wink
4290  Bitcoin / Press / Re: [2022-07-20] Novogratz says ‘worst is over’ and that Bitcoin will surge on: July 24, 2022, 01:00:47 PM
@bbc.reporter, any statement regarding the current state of Bitcoin in terms of price is just speculation based on someone's personal opinion without any concrete facts or evidence, or based on TA that is far from reliable. My feeling tells me that the worst may not be over yet, although I may be wrong and the price has reached the bottom. A serious investor knows that it is very difficult to guess the best moment, so he will invest gradually using the DCA method, regardless of the price - so he may only increase his investments during a bear market.

I think that MT.Gox is an overblown story that wants to manipulate the market in the sense that everyone will get their BTC back at one time and that everyone will sell it at the same time. However, it is known that everyone who claims their funds received a choice of payment in fiat or BTC (BCH), so we should not be afraid that some kind of mass dump will happen.

It also seems to me that I read somewhere that the payments will be made gradually, so not everyone will receive the payment at the same time. However, considering how long that Japanese drama lasts, I wouldn't be surprised if nothing happens this year either.
4291  Bitcoin / Bitcoin Discussion / Re: Finland sold 1,900 BTC, for a good cause on: July 24, 2022, 10:50:22 AM
All for helping, but cannot say for sure what this aid wi be for precisely. Not going to read too deep either but when I see it's "for the war", then that uncertainty is even more.

Even if it were a good cause, not for arms or violence etc., how this is good for Bitcoin, hard for me to see really ha.

Most people look at war from the perspective of one country defending itself against another country that is attacking it - and any help to a country that is defending itself against invasion is justified for me personally. Whether that money will be used for food, medical supplies or military equipment is less important, as long as we know that it is donated to those in need.

My country was in a similar situation 30 years ago, but instead of any military aid, the world imposed sanctions on the import of weapons and much worse things happened than what we can see in Ukraine today.

There is no special role for Bitcoin here, because Finland sold something that was seized, and it could also have been gold, cash, or expensive cars - but Bitcoin has undoubtedly played a big role in helping Ukraine through the huge number of donations that have been made so far.
4292  Economy / Economics / Re: How Much Garden You Would Need to 100% Survive On on: July 24, 2022, 10:32:39 AM
Evil tongues say that this is the work of Putin's secret climate weapon, but I think this is the consequences of the accident in the Gulf of Mexico in 2021, which almost killed the warm Galstream current, which made the climate milder in Europe, when there is no extreme heat in summer and there is no extreme cold in winter. Although I don't have an extra chromosome like Greta Thunberg to be a big climate change expert.

No one can blame the current politicians for what has been happening for decades, all the politicians who put development first, regardless of the price that the next generations will pay, are to blame. I just cannot understand all those who claim that climate change is a fabrication and that all that is happening is just a natural development of events.

I read somewhere a very detailed explanation of why the temperatures have risen so drastically in parts of Europe, and the reason is a disturbance in the flow of air that stays too long near Africa and sucks in too much hot air that then comes over Europe. In short, everything has been disrupted and nothing is the same as before, and it doesn't look like anything will get better in the future.



The environment, as well as the climate, isn't the same as before so growing plants and crops isn't as easy as before. There are also lots of things to consider for us to grow crops and plants. We need a good location, season, and so on so mostly, only professional farmers and agriculturists could grow good plants.
Also, we now have different focuses and priorities. Most of us don't have enough time to do things like planting so we rely on supermarkets when it comes to our necessities. Our generation now is different. We rely on technology and our time each day is limited to doing important stuff for us to survive so planting couldn't be our top priority if there are still other alternatives.

Unfortunately, people are increasingly becoming some kind of techno zombies who spend more and more time looking at screens, instead of trying to deal with other things. Large corporations produce food that is unhealthy and poisoned, poorly paid workers put the same food on the shelves, and then people like ants grab that food and deliver it to their homes. It doesn't seem like a promising direction to me, because if for some reason the crops fail or the supply chains are seriously disrupted, I wonder what all those people will do when they realize that the shelves are completely empty?
4293  Economy / Services / Re: [FULL] ChipMixer Signature Campaign | Sr Member+ on: July 24, 2022, 10:11:44 AM
I hope the CM is somewhere on holidays and forgot to refill his wallet. In any case, thank you for the payment, although I believe that the majority would agree to wait for the CM to appear and that there would be no problem if the payment for last week is late.

But considering that this is not the first time that @DarkStar_ pays from his own pocket, we can be happy that such a professional is managing our campaign👍
4294  Other / Politics & Society / Re: European Union looks to Nigeria for Gas to replace Russian supplies on: July 23, 2022, 01:35:41 PM
Nigerian gas may close the supply gap, but it will definitely not be a full-fledged replacement, since the EU bought gas from Russia at the best price on the market. Even if the volumes are the same, the price will obviously be higher, which will also be a cause for dissatisfaction

It is difficult to expect that anyone will be able to offer the price of gas that the EU paid (and still pays) to Russia and which is delivered by gas pipeline. Everything that comes by sea is of course more expensive because the gas must be converted into a liquid for transport and then converted back into gas in the LNG terminal.

The EU is looking for gas everywhere, so Canada has been mentioned as one of the possible partners for some time, although agreements have yet to be reached. However, regardless of all the negotiations, next winter in the EU we will face restrictions, because it is not realistic to fill the underground storages to the appropriate capacity in such a short period of time.
4295  Economy / Economics / Re: How Much Garden You Would Need to 100% Survive On on: July 23, 2022, 01:08:10 PM
It was nice to remember how everything was beautiful and green in the spring, and now, unfortunately, the heat waves are destroying everything in front of them, regardless of all the effort. Anyone who tries to grow their own food under these conditions really needs to be incredibly persistent or as some would say a little crazy.
4296  Other / Beginners & Help / Re: How do you safely keep your recovery phrase written on paper? on: July 23, 2022, 12:52:35 PM
Yesterday, my mom did a general cleaning on my room and when she's done, I saw the recovery phrase of my Trezor hardware wallet on the garbage can which I placed on my computer table, I also have that same copy on my wallet but still can't stop myself to tremble in fear to lose that piece of paper. I didn't told her about it to avoid more argument because she wouldn't still understand what it is.

There is no doubt that you made a mistake in leaving something so important and sensitive in such a visible place, but now I guess you have learned something from all that. If you have stored your HW safely, then treat your backup in the same way - because imagine a situation in which your HW breaks down, and then you discover that your mother threw the backup in the trash - unlike that character who is looking for his HDD in some junkyard, you wouldn't have any chance of finding an ordinary piece of paper.

This is what I've been scared about when people say to write your recovery phrases on a piece of paper instead of storing it online.
I would like to know how others keep these secret phrases if the people in your house are not really knowledgeable in crypto. Would it be safe if I store it online but the file is encrypted and password protected?

The problem is not that you use paper for backup, but in how you will store that paper. Physical storage, whether it's paper, plastic or metal, has its drawbacks, but you're sure that you won't be hacked by a hacker because you saved your backup as plain text on your computer, or you save it in the cloud or e-mail. However, everyone who has a physical backup should know that one backup is not enough, as well as that 5 backups in the same location do not make sense if that location is threatened by fire, flood, or earthquake.

You don't need to complicate things as some do, so after x years some don't know why the backup doesn't work, whether the words are mixed up or maybe there is additional protection in the form of a passphrase. Make it simple but effective.
4297  Bitcoin / Bitcoin Discussion / Re: Educating people on Bitcoin for free on: July 23, 2022, 12:20:48 PM
Despite the fact that just a few countries have made Bitcoin a legal tender, the truth  Bitcoin is going to be adopted by the whole world as a decentralized global digital currency.

The acceptance of Bitcoin as a legal tender should not have much relevance when it comes to its adaptation in society, because as we could already read countless times on this forum or anywhere else, Bitcoin does not require permission from any government or institution to be used. Bitcoin is already accepted all over the world, but researches say that it is used in one way or another by about 5% of the total population.

But One of the set back for Bitcoin adoption is the lack of proper awareness about Bitcoin and the stereotyped opinion of most newbies in Bitcoin that make Bitcoin look like a get-rich-quick scheme, this assumption about Bitcoin has made many frustrated when their investment/holdings in bitcoin go down during a bear market. So there is a need for enlightenment on the key features and purpose of bitcoin adoption.
I have tried my best to educate people around me on the basic concept of Bitcoin and make them aware of the advantages and disadvantages of Bitcoin adoption and how best to minimize the risk associated with Bitcoin, to attain some level of self-satisfaction through Bitcoin.

The average person has the opinion that Bitcoin is some kind of internet money that you can buy for a certain price, and after some time sell at a higher price and thus make a profit. If you explain to them that they should use Bitcoin as a currency, most of them will tell you that they have nowhere to spend it anyway, and even if they do, it's too precious to them because they bought it in the first place for profit.

Knowledge is mostly free and available to anyone with internet access, so anyone can research what they are interested in - the only problem is how to filter all available information. I often heard people talk nonsense about Bitcoin, and when I asked them where they got it from, the source would always be the Internet.

I agree that everyone should contribute in order to pass on the knowledge they have acquired about Bitcoin because that is the only way we can fight against lies and misconceptions. At the same time, I always emphasize that we should also take into account our privacy and security, because people who talk publicly about Bitcoin can often become targets of hackers, as well as ordinary thieves.
4298  Bitcoin / Bitcoin Discussion / Re: Finland sold 1,900 BTC, for a good cause on: July 23, 2022, 10:00:54 AM
I am curious why instead of selling Bitcoin to fiat or converting it to fiat currency like USD and donating, they directly use Bitcoin to donate?

That was the first thing that came to my mind, because a direct BTC transaction would be the least complicated and fastest solution in the current situation. Apart from the reason mentioned by @mk4 (which makes sense), I would perhaps add that Finland did not want to send dirty Bitcoin as a donation, but rather wanted to clean it in some way - so even though that may not make much sense to us, the politicians, in addition to their ignorance still think differently about Bitcoin than most other people.

Be that as it may, those confiscated Bitcoins are in circulation again, and the money goes to help those who really need it at the moment. However, it should be taken into account that such a decision is not only humanitarian, but also political, given that all countries west of Ukraine know that a weak or defeated Ukraine brings war to their doorstep.
4299  Bitcoin / Bitcoin Discussion / Re: Tesla: "We have converted approximately 75% of our BTC into fiat currency" on: July 23, 2022, 09:43:58 AM
But speaking of equating stuff, why do we equate Tesla's decision with Musk's beliefs?
I've seen people mentioning that he sold ~900 million to pay for the Twitter fine, but these are Tesla's assets, not Musk's money.

The data says that EM is the largest individual owner of the company's shares with almost 16% of the shares, but I guess that doesn't give him the right to make decisions without the other owners - so you're right when you say that people shouldn't mix the two things. I was referring to the fact that people have the wrong perception of EM as someone who supports Bitcoin for the reasons it was created, and the man is just an investor who aims to make as much money as possible.

Honestly, I don't follow the Twitter saga closely, but it's not surprising to me that people draw various conclusions that don't make much sense.
4300  Economy / Speculation / Re: Effect of Tesla bitcoin sale not significant on: July 23, 2022, 09:29:11 AM
Totally addicted to green, in every possible sense and form, and maybe we would have more luck if by any chance the Bitcoin logo was green, when it doesn't help that more than 50% of the energy used for Bitcoin mining comes from renewable sources...
In that regard I don't think that he is any worse than a huge majority of bitcoin hodlers who only see it as a way to increase their fiat amount and bitcoin proved to be a very good for that.

I would disagree with that, because after all, he is a man who has far more influence than any ordinary person who sells or buys Bitcoin - and if you look at what the media is doing with this news and how much discussion is going on in this forum, it is also more than enough proof that people care what he says and what he does. Accordingly, I hope that people have understood that he is only a part of the majority that you mention, and that he is not interested in Bitcoin for some other reasons.
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