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4481  Other / Beginners & Help / Re: Meet a racist malware targetting extension based wallets on: February 03, 2022, 09:27:53 AM
The first thing it does is check the device language. If it matches the language ID of Kazakhstan, Uzbekistan, Azerbaijan, Belarus or Russia, the software leaves the system without any malicious action otherwise you are fucked.

9000 IQ move: actually change your device's language ID to any of those language IDs, just to be sure.

Jokes aside — not sure if I would call this "racist" though, as it's not necessarily an attack on a certain race, but rather the hacker is just protecting his folks I guess(not to make him/her less of a criminal though, obviously).
4482  Bitcoin / Bitcoin Discussion / Re: Bitcoin-Generator on: February 03, 2022, 07:58:18 AM
Think about it: If you could just easily generate bitcoin in just a few clicks, then bitcoin wouldn't be worth this much.
4483  Bitcoin / Bitcoin Discussion / Re: I was finally able to purchase an iPhone 13 pro max using my Bitcoin on: February 02, 2022, 10:57:12 AM
Since the price of Bitcoin has come down a lot now, it has become foolish for me to buy the phone with Bitcoin.  Because for that I have to spend more bitcoin.

Whether your decision to buy the phone with your bitcoin is foolish or not will completely depend on how you're going to use the phone. If you're didn't need a new phone to start with and you're just going to use this phone for games and Netflix and such, then we could probably say that it's foolish. On the other hand, if your initial phone was old and slow and that you're going to use the new one for business/work/income-related purposes, then I'd say it's probably justified.
4484  Alternate cryptocurrencies / Speculation (Altcoins) / Re: What are your plans for the 2022 crypto market? on: February 02, 2022, 03:48:02 AM
What are your plans for 2022 to continue earning more for yourself? What do you think about the crypto market in 2022? Are we surpassing the uptrend and will the market soon enter the crypto winter? What will you do.

- Continue to dollar-cost average so I win in the end regardless if we reach new all-time highs in 2022 or not
- Bring more attention to tokenomics when making altcoin picks
- Less impulsiveness when making trades
4485  Bitcoin / Bitcoin Discussion / Re: Celebrities Embracing bitcoin because of Divorce? on: February 02, 2022, 03:11:13 AM
Quite a genius loophole if the bitcoin-holder manages to buy bitcoin without having a questionable money transfer that could raise red flags lol. Probably the "right" way to do it is to buy bitcoin in smaller amounts.

With that said, this is mostly a personality relationship problem that both parties should solve.
4486  Economy / Economics / Re: Let's assume David chaum took the $180 million in 1999 on: February 01, 2022, 05:47:40 PM
Doubt it. The fact that David Chaum actually had the option of selling the project itself is a huge downside. And if Microsoft ended up being the "owner" of it, at some point the government would force Microsoft to push an update to make everything custodial(assuming it wasn't custodial to start with).

Bitcoin was successful because Satoshi left early, and handed over the project to the community. Ending up with Bitcoin having no single point of failure.
4487  Economy / Economics / Re: China considering the use of Blockchain Technology on: February 01, 2022, 05:42:57 PM
It's just nothing but China exploring more and more ways to further tighten their grip unto their people; and having increased surveillance over the money is definitely one of them. It's going to be a typical centralized platform, but on steroids.
4488  Bitcoin / Bitcoin Discussion / Re: 40,785 Bitcoins transferred away from Exchangers. on: February 01, 2022, 05:34:00 PM
We can make whatever assumptions we want with the supply being locked up by hodlers, but the bigger factor is still the demand side of things. Bulls could all be withdrawing their coins but if not much people are buying, then probably don't expect that much upward movement just yet.
4489  Bitcoin / Bitcoin Discussion / Re: Can you answer a couple of questions to a potential bitcoin buyer? on: February 01, 2022, 02:03:49 PM
And now the questions: if I can purchase a picture of a sunset for a couple of bucks on Shutterstock and watch something aesthetically rich, why on Earth would I purchase a number "1" for $37,000 and watch something aesthetically poor?
That what you're talking about is not utilizing but trading. Everything can be traded. The question is why would one pay an enormous amount of money for a single unit of a product that has an extremely low utilization capacity?
Ah, the classic unit bias problem that has been talked about thousands of times now. This is why I'm an advocate for using lower denominations like sats — to get the newbs away from the likes of XRP and get in on bitcoin.

It's like saying: "why buy a 1kg gold bar if it's only 1 gold bar?"

Why would I pay so much money for a single unit of a product that in comparation to gold, a sunset picture, wheat or crude oil has so low utilization capacity?
Because gold is a boomer asset and has performed bad throughout the years, a sunset picture is highly illiquid, crude oil has a very unknown supply inflation(like gold), etc etc. But hey, if you want to invest in these stuff, then go for it!

"If you don't believe it or don't get it, I don't have the time to try to convince you, sorry." - Someone someone.
4490  Economy / Trading Discussion / Re: New here, GAS FEES- what is the most economical way to move assets around. on: February 01, 2022, 01:54:22 PM
Also, if your goal is to avoid paying high transaction fees, the only solution I can think of is to use other existing blockchain networks like SOLANA[1] or use a layer 2 solution like POLYGON or MATIC[2]

- https://solana.com/
- https://polygon.technology/

This would work only if this RVP thing OP wanted to buy was available on Solana or Polygon in the first place, but it's not. There's even zero liquidity on other DEXs besides UniSwap lol.
4491  Other / Beginners & Help / Re: Paper wallet: A poor practice and risky on: February 01, 2022, 05:44:37 AM
I've been against paper wallets as a cold storage recommendation for the masses for a while now, and we don't even need to really go deep into the nooks and crannies. I simply don't trust the typical person's computer to be secure enough; I mean, people in general just don't take security seriously — they download and install random files and software, click shady links left and right, etc. Hence there could be breaches on the multiple attack vectors on the wallet generation process.
4492  Economy / Trading Discussion / Re: New here, GAS FEES- what is the most economical way to move assets around. on: February 01, 2022, 04:40:52 AM
Thanks,

I did notice RVP is on some exchange called Bilaxy. Maybe ill move some assets over there or deposit funds and purchase that way... idk... i dont like joining a new exchange just for one alt coin though
It says it's 24hr volume is only $3,914. You'll probably just end up buying at a really really bad spread/price. It also says on CoinGecko that Bilaxy got hacked last year. So, yea.

My advice to you is to go to etherscan and observe the fees there and only do transactions when fees are low. Lately the fees have been reasonable. It was possible earlier this week to send an ETH transaction for $3 and a ERC20 transfer for $10.

The best time typically is during the weekend, usually on Saturdays or early Sunday’s. There is usually low liquidity those days so many Defi are not traded and hence the lower prices.
Swaps tend to be far more expensive than just merely sending ETH/ERC20s. Swaps are averaging at around $60 right now.
4493  Economy / Exchanges / Re: Binance - no stop-loss order... only stop-limit on: February 01, 2022, 04:05:17 AM
Thanks for the reply...

Doesn't this risk the token not being sold at all though? If you look at the 4 min video here: https://www.youtube.com/watch?v=GodKseSPFtE it seems to be saying that, if both the stop and limit prices are bypassed whilst the token is decreasing in value, the price would need to go back up to the limit value in order to be sold - which risks the token not being sold at all - unless I'm mistaken?

Yes, hence why I said it depends on how thick the orderbook is. But regardless, even if it's a stop-loss and not a stop-limit, you're very likely to be selling at a lower price if it was a flash crash(one huge red candle) in the first place. So if you really really want to get it sold no matter what, set it to like $50 or something; obviously it comes with the risk of your coins being sold far lower.
4494  Economy / Trading Discussion / Re: New here, GAS FEES- what is the most economical way to move assets around. on: February 01, 2022, 03:37:03 AM
TL;DR What's the best way to move an ERC 20 asset from one place to another without paying crazy gas fees?
There's no one universal answer to this; the answer will totally depend on what networks are available on the exchange your using.

EDIT: looking to obtain RVP (not a typo) but can only find using uniswap. ok cool, but that gas fee is more than im willing to pay for. any help here?
You're out of luck. Looking at it's trading pairs on CoinGecko[1], UniSwap is the only viable solution. Unless you find someone online that's willing to sell you RVP in exchange for your low-fee coins, which is unlikely, and you're likely to just find scammers.


[1] https://www.coingecko.com/en/coins/revolution-populi#markets
4495  Economy / Exchanges / Re: Binance - no stop-loss order... only stop-limit on: February 01, 2022, 03:32:35 AM
With your example, you can just set the limit price to something like $90. Because even if you set it lower, the coin/token will be sold to the highest buy offer available anyway, which should be around $92-94(depending on how thick the orderbook of the trading pair is).
4496  Other / Beginners & Help / Re: Is this not another smart contract for altcoin? on: January 31, 2022, 04:35:57 PM
The memory pool was congested and the fee increased but it lasted for two months last year when people bought bitcoin significantly and Chinese drama but ever since April, the fee was not high. But static and very high on exchanges. Bitcoin fee was not high in July last year but it is just a misconception.

It is not bad to add that to reduce the fee and confirmation time. But if it is not bitcoin, nothing changed.

I mean, obviously fees being "high" or not is totally relative. A $20 transaction fee may not be high enough for you and me to be making transactions, but they may be "high" enough for 99% of people living in 3rd world countries.
4497  Economy / Economics / Re: Crypto in Indian Economy? on: January 31, 2022, 09:22:37 AM
Isn't India a country with a crap ton of technologically knowledgeable people? I remember back then; whenever I had specific problems with anything concerning programming(or tech stuff in general), there's always that one Indian dude on YouTube that has the solution lol.

Also, probably due to the desire to get out of poverty? Like how we also see significant adoption of crypto in places like Venezuela.
4498  Other / Beginners & Help / Re: Is this not another smart contract for altcoin? on: January 31, 2022, 09:11:25 AM
The teal part of (2) is very wrong, the reason for my introduction. The last transaction I made was less than $0.26, some people will think bitcoin transaction fee is static but not.

Is this not another altcoin?

That forum thread seems to be written in July 2021. While I'm not sure, there has been instances last year(or was that in 2020?) whereas bitcoin transaction fees(if you want them to be confirmed in an hour or so, and not wait more than 24 hrs) reached around more or less $20. So there's some truth to it, depending on how congested the mempool is.
4499  Bitcoin / Bitcoin Discussion / Re: Bitcoin White Paper - Now available in 40 Languages on: January 31, 2022, 09:06:11 AM
While this is great, imo we should be focusing more on easier-to-digest information as it's highly more likely for the new people to read them. The majority simply just won't be interested in reading a science paper. Probably something like this[1] page; though it's definitely going to need some updating on the "fast" and "cheap" part.


[1] https://en.bitcoin.it/wiki/Main_Page
4500  Economy / Trading Discussion / Re: BTC and Nasdaq? on: January 31, 2022, 05:56:33 AM
The reason why stocks like TSLA go down when bitcoin drops is because over the past years companies (of those stocks) have been buying bitcoin in large quantities and have somewhat tied their stock value to bitcoin value. So it is obvious that when bitcoin price drops, their stock should drop too.

Stocks like MSTR are for companies (like MicroStrategy) that live because of bitcoin! That means their whole existence depends on bitcoin so it is more than obvious that their stock should dump when bitcoin drops!

None of it has anything to do with your conclusion that "bitcoin is acting like tech stocks"!

We could make that assumption with MSTR, but BTC is only a small minority of Tesla's balance sheet.

Whether we like it or not, there's definitely some correlation between the more risk-on assets(BTC and high growth tech stocks). Take note that having market movement correlation doesn't mean that they're "pegged", obviously.
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