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5041  Bitcoin / Bitcoin Discussion / Re: Are we entering the era of CBDCs? on: April 15, 2022, 01:35:43 PM
The way I see it is that people don't have or care about privacy already. Majority of trades are taking place on centralized exchanges that have already enforced KYC. Majority of purchases using fiat is done through the same CEXes using banks and again a lot of KYC. Using CBDCs isn't changing anything about their privacy but will provide them with a lot of security because they no longer worry about when FBI is going to raid Bitfinex headquarters and shut down Tether.

I absolutely agree that the average person cares very little about their financial privacy because they think that the authorities know everything anyway and that there is nothing to hide. Therefore, most people don't care whether they use stable coins or CBDC, it is important that the transaction is fast and cheap. As I already wrote, if you have to choose between two evils, it is logical to choose the one that has more legitimacy, and the CBDC of a stable country is probably less evil (risk) than some company that prints tokens as needed without being backed with anything.

Speaking of USDT, some speculate that they have already bought their own state (El Salvador), so I would not be surprised if they move their headquarters in that direction Wink
5042  Economy / Economics / Re: Man spent $150 eating every meal at Six Flags since 2014 to pay off student debt on: April 15, 2022, 01:12:00 PM
Whatever doesn't kill you makes you stronger LOL
But definitely this guy has missed a lot of taste in his mouth for a year. I wouldn't expect him to be there everyday actually still even if you go there in Six Flags 4 days a week, you still save a lot of money. If he really planned it, then he really wants to buy a house of his  own which he did.

It's not one year, but 7 years of this way of life - how else could he save so much money to pay a student loan debt and buy a house in Los Angeles where real estate is extremely expensive. Yet man needs to be acknowledged for his perseverance in reaching his goal, for persisting in such an intention for so many years is by no means an easy task.

Imagine if he knew about Bitcoin at the time, a man would surely be a real rich man today Smiley

Quote
He’s eaten an estimated 2,000 meals at around 50 cents per sitting at Six Flags for the past seven years.
5043  Economy / Economics / Re: Man spent $150 eating every meal at Six Flags since 2014 to pay off student debt on: April 15, 2022, 11:03:13 AM
The guy said that at the beginning the food wasn't healthy. So saving thousands of dollars in the short term could cost him thousands of dollars later, especially with the insane costs of American healthcare.

As soon as I read the title, I thought about it, because no matter what someone thinks they have found a way to play the system, all that cheap (free meal) will still be paid dearly, and in this particular case fast food is bad for everyone's health. I remember watching some documentary about someone who did an experiment on what happened after eating only junk food for 1 month, and the results were not pleasant at all.

However, I must admit that I did not know that such services exist, and for someone who would, say, eat one such meal every week, it is really more than a good offer. Many must have been angry when the theme parks canceled such an offer, and all because of one man - he certainly no longer visits theme parks after all Cheesy
5044  Other / Beginners & Help / Trust Wallet - Fake Verification! on: April 15, 2022, 10:31:01 AM
Since this is a very popular mobile crypto wallet used by many beginners, I want to warn everyone who uses this wallet or will use it in the future that there is no verification and do not fall for this cheap trick that scammers have been using for a long time.

A new phishing campaign is currently underway, so if your email leaked somewhere you can expect to receive a message identical to the one I personally received. If you get it in your inbox, report it as spam, and in no case click on the link in the message - it may just be a classic seed stealer, but it is possible that at the other end you will find malware/virus.

5045  Bitcoin / Hardware wallets / Re: Any vulnerabilities in changing OLED screen of Ledger Nano S? on: April 15, 2022, 10:04:34 AM
I was expecting Ledger would require me to send back the faulty device in return for a brand new product, but they have instead written me an email stating that they will send me a new one without requiring me to return the faulty one! To be honest, I'm quite surprised!

Why are you surprised if I showed you an example in which one member of the forum also got a replacement in the same way? Personally, I was more surprised that you want to repair a device that is under warranty, but considering what @SFR10 wrote, if you are in one of the banned countries, you will have a problem with delivery.

A possible solution is to send the new device to someone who is not in the banned country (friend, relative), and then they send it to your address.
5046  Bitcoin / Legal / Re: Virgil Griffith sentenced to 63 months for helping DPKR avoid sanctions on: April 15, 2022, 09:44:41 AM
What can you say about this? is 63 months to lenient for this kind of case or his sentencing should be longer as he has assisted a known terrorist country?

If he really helped terrorists, then he really received too little punishment, considering how the USA treated terrorists until it declared the Taliban good guys. Maybe such punishment is somewhere on the trail of a softer policy towards such things, because there are fewer and fewer terrorists, and the machinery to fight them is massive.

Besides, by what definition is North Korea a terrorist country, because that’s what the mighty US says? Each country has the right to develop its own defense mechanisms that guarantee its security, otherwise it will be attacked and occupied.
5047  Economy / Economics / Re: Elon Musk - Hinted that it would be nice if Twitter Ads be paid in Bitcoin on: April 14, 2022, 03:33:12 PM
It would be nice if Mr. Mars hasn't created all that confusion among people with his tweets about various things when it comes to cryptocurrencies, which he himself admits he doesn't know much about. To say that it would be good for Twitter advertisers to be able to pay in Bitcoin, and at the same time to say that his company will not accept that same Bitcoin as a means of payment is not only hypocritical but also completely stupid behavior.

Even if such an option appears, as others have already shown in the examples, the average person who owns Bitcoin is not inclined to use it as a currency, but as an investment.
5048  Economy / Exchanges / Re: Another reason to avoid CEX for buying Bitcoin on: April 14, 2022, 03:04:35 PM
Found this on another forum. This individual wanted to capitalize on the dip and in my opinion, he/she did the right thing.

Since the price was below $40k at one point, the buyer could have had an even better purchase if he had followed the market a little better. But in the long run this is very likely to be a very profitable investment.

The purchase of Bitcoin was made on the 12th of this month you can see the buying price but check the fee paid for making this purchase. $73 is a big amount and I think the purchase was made using the Coinbase exchange app. Anyone can avoid such fees by using a DEX. In case anyone is interested in buying Bitcoin through a DEX then they can visit Bisq or hodlhodl to avoid huge fees.

DEX or CEX, fees cannot be avoided because everyone wants to make money, and after all, intermediaries are not charities. The only way for people to avoid such high fees is to trade in person, but it always carries certain risks. Fortunately, as I have already written, the person who bought the BTC and paid that fee probably knows that it is a small price considering how much potential there is in the purchased BTC.
5049  Economy / Speculation / Re: If Dow Jones falls 80%, bitcoin will fall 99% ? on: April 14, 2022, 02:26:49 PM
I really wouldn't say "never" because markets always has it's way of surprising us one way or another, but I'd definitely put it in the "highly unlikely" territory. Not to mention that being in uncharted territory gives A LOT of market uncertainty.

I share your opinion, because if I’ve learned anything through all these years, it’s that I don’t use the term “never” when it comes to Bitcoin. However, the probability that the DJ will collapse by as much as 80% is something that is hard for me to imagine, just as the price of 1 BTC could fall below $10 000.

The latter would very likely happen in the event that the most powerful countries in the world take coordinated action with the aim of shutting down all centralized crypto exchanges and putting Bitcoin on the black list. But then we’re talking about an open war against Bitcoin, and that would be like a fight between David and Goliath - given the tools possessed by powerful states, let everyone judge who would be who in that story.
5050  Bitcoin / Development & Technical Discussion / Re: in case of death; mandatory bitcoin deathswitch Dead man's switch on: April 14, 2022, 01:10:13 PM
I mean its your decision at the end of the day, I don't anyone claiming it to be selfish has any real weight behind it.

Here we can talk about a lot of people thinking that there is too little Bitcoin (max supply only 21 million) for someone to allow that after someone’s death it happens that his BTC practically goes to the grave with him. The OP says it would be mandatory to avoid this in some way, but fortunately there is no law to regulate that problem in crypto, even when it comes to assets in banks to which no one is entitled. In Germany alone, it is estimated that there are between 2 billion and as much as 9 billion EUR in such bank accounts, with the difference that sooner or later the money will go to the state if no one responds and claims their inheritance rights.

Even families can turn against each other, so I wouldn't listen to anyone saying you're being selfish.

This has become quite common, so sometimes we can say that it is better for family members not to be familiar with some things, because a lot of money means a lot of discord, quarrels, and even violence.
5051  Bitcoin / Bitcoin Discussion / Re: Are we entering the era of CBDCs? on: April 14, 2022, 11:10:49 AM
Surprisingly enough the Chinese altcoin (digital yuan) seems to be doing fine as they reported a little less than $10 billion worth of transactions recorded on their chain (if we can call it a chain!). There are also at least 2 new ones coming out in the coming months.

China is a specific country where the government does not ask people if they want something or not, but simply puts them in a situation where they have to use something. Their CBDC is just a continuation of what has long been popular in China, such as WeChat Pay, which they say has about 800 million users, which means that people are already very familiar with digital payments.

Suddenly it seems like the central banks jumped on board of the Bitcoin train but only took the blockchain technology and ran away.

Central banks have not recently started using blockchain, but have been doing so for years because they have realized that the potential is huge and the whole thing is completely free. There is information that China entered such research in 2014, and thanks to that, they already have a functional CBDC that is used by almost 300 million people.

China started exploring digital currencies back in 2014, at a time when few had even heard of cryptocurrencies and Bitcoin. Other countries didn’t even enter the global race to launch CBDCs up until 2020 when crypto adoption took the world by storm. Nevertheless, courtesy of China’s first mover advantage, the country is years ahead of other major countries.

There may even be some silver lining that these CBDCs could replace the stable-coins in the market in the near future and we end up even seeing Atomic Swap capabilities added where you could easily swap one CBDC for another or for bitcoin without the risk of centralized stablecoins (issued by shady companies). That would definitely simplify things for traders while significantly reducing the risks they take.

I don't have a very good opinion of stablecoins, but I'm not too thrilled to replace them with CBDC - because the question is which is less evil than the two, shady private companies or corrupt governments and their centralized anti-private digital fiat. I agree that this would simplify the matter, but at what cost when it comes to privacy?
5052  Bitcoin / Bitcoin Discussion / Re: Are your coins really safe stored in your wallet? on: April 14, 2022, 10:48:45 AM
With fiat currency, financial institutions; mostly banks go all out with the notion that their institutions are safe and their vaults are top notch yet they still fall prey to bank robbers who would cart away valuables from the vault.

If you have a bank account and you have a certain amount of money in that account, in case someone robs the bank, or steals your bank card and steals money that way, the bank will reimburse you in full. From this point of view, the bank looks like a pretty safe place if we would make a comparison with any non-custodial crypto wallet where each user has their own bank.

The key question here is how well the average individual is able to protect their bank from theft/hacking, especially if we consider that in the event that someone steals digital assets from a non-custodial crypto wallet, the chances of recovering such stolen funds are minimal.
 
How safe then are the wallets used in storing coins? And if they could at any time and in any way be compromised hence losing your bitcoins

If the crypto wallet is open source and the code can be checked, and if the user knows what he is doing - then we can say that the security is quite high. If someone doesn’t understand how things work, then hackers happen to have a very profitable business as was the case with Electrum a few years ago when a vulnerability in that wallet was exploited to trick users into downloading a fake wallet and thus losing their BTC.
5053  Bitcoin / Bitcoin Discussion / Re: BITCOIN NOW A LEGAL TENDER IN SPECIAL ECONOMIC ZONE OF HONDURAS. on: April 13, 2022, 04:15:01 PM
@Oluwa-btc, how about discussing one topic in one thread?

No matter how excited some are that one city has introduced Bitcoin as a legal tender, we should not exaggerate with enthusiasm and stop reading the forum in order not to open duplicate threads.

Madeira and Prospera "adopting bitcoin"
5054  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 13, 2022, 04:02:51 PM
Ahhh another trick to Dominate ..

Well we are stubborn here we can't change our mind
Security of the the BTC is all about the POW proof of work here thats the Matter directly manipulation done by the VEO of the XRP here.

XRP ceo is continuous to try to dominate over the BTC network by making it an environment issue and energy consumption here..

image loading...

And they wonder why their market share is in decline. Dumped them for Brave a while ago for their censorship-friendly comments.

And I really thought there were intelligent people when it came to Mozilla, but it seems easier to move a thirsty man across the river without him drink water, than to explain to those in the delusion that Bitcoin POW is no disadvantage, quite the opposite.



She didn't even last a week? She literally said she will get Bitcoin as a legal tender in Mexico in the Bitcoin Conf 2022. LOL
From getting Bitcoin as a legal tender to make a CBDC.

I'm not surprised, Bitcoin is often used as bait, and when you bite, instead of the taste of freedom you feel the bitter taste of CBDC.
5055  Bitcoin / Development & Technical Discussion / Re: in case of death; mandatory bitcoin deathswitch Dead man's switch on: April 13, 2022, 03:45:21 PM
You could even make a 3-out-of-5 wallet and give your lawyer one key, wife one key and one key in a safe deposit box.

Given that life is unpredictable, and that almost always happens something that seemed least likely, in case I do something like that - my wife would get involved with my lawyer, and a lawyer's cousin would work in a bank where I opened the safe deposit box. By the time I realized what was going on, my BTC would have disappeared, along with my wife and lawyer - and they would have set me up for the murder of the banker who was involved in everything Roll Eyes

Of course, I'm kidding a bit, but when it comes to Bitcoin, I don't share private keys with anyone, no matter how much someone says it's maybe selfish.
5056  Bitcoin / Bitcoin Discussion / Re: Now we know:we (BTC/etc guys) are Machiavellian psychopaths with an inflated ego on: April 13, 2022, 03:32:01 PM
Am laughing so hard with tears in my eyes,  Grin

I think that's the only good thing that can come out of this kind of research (if we can call it that at all), and some would agree that it's a lot harder to make someone laugh than to do this kind of research Wink

Don't rule out all universities to produce nothing but rotten apples am sure there are many good apples among the rotten ones, it so happen that the rotten apples among the good ones came up with a nasty research to psychoanalyse crypto users, what a load of crap.
They are trying to tag bitcoin to human behaviour, more like when they see someone behaving in a particular way they will like ask 'is he a bitcoin user'  Cheesy. Impressive.

It may have seemed like I was generalizing about universities, but this is not the first research coming from so-called highly educated people who should contribute to society in a positive way, and they are among those who poison society with various nonsense like claiming the world will remain dark because Bitcoin will consume all its energy - because it is difficult for them to calculate that it consumes a total of 0.14% of the world's total electricity production.

In addition, from my own experience, I can say that I had very big problems when I explained Bitcoin to highly educated people, from those who have never been to university. Perhaps we can look for an explanation in the fact that some use this period of life mainly for some other things under the pretext that they are actually studying. Too much alcohol, drugs, and various other things sometimes really create rotten apples in the end.
5057  Other / Meta / Re: Which forum to post Guides/tips about bitcoin? on: April 13, 2022, 01:57:17 PM
Hey guys, I am interested in posting Bitcoin guides on how to manage wallets and other cool tips.

Before you start posting your guides, it would be a good idea to look for similar content on the forum and not cover topics that have already been covered. It's not that I'm discouraging you or telling you what to publish or not, but some things like "how to install Electrum" or "how to make a cold wallet" are already topics with countless open threads.

But, the question is, in which forum should I post them?

Anything related to wallets or is of a technical nature would belong in Development & Technical Discussion -> Wallet software, and some crypto wallet security tips also in the same boards or maybe in Beginners&Help. What you need to know is that the threads can be moved as needed, either by you as the one who opened them, or if the moderators think it is necessary.

Tip for longer stay on the forum -> plagiarism is punishable by a permanent ban, so all content that is not yours should have a source Wink
5058  Bitcoin / Bitcoin Discussion / Re: Now we know:we (BTC/etc guys) are Machiavellian psychopaths with an inflated ego on: April 13, 2022, 01:19:27 PM
I used to think that people at universities were doing some serious things, but I'm starting to believe that there are a lot of rotten apples in that system, and as a result, there are even more rotten apples coming out of the system in the form of so-called highly educated people. Given where the research comes from, I am not surprised by such an attitude and thinking towards anything that deviates from already well-established values and uniform attitudes in society. By that, I mean the incredible scenes of violence that came from Australia when they terrorized ordinary people walking in parks or when they didn’t have a mask in the open.

Furthermore, this kind of research is nothing more than a continuation of the agenda "Bitcoin is bad in every sense", from consuming too much electricity, polluting the environment, and being used only by criminals.

If some independent scientists did research on these researchers, it somehow seems to me that on many of them would find exactly the same characteristics that they labeled Bitcoin investors.
5059  Bitcoin / Bitcoin Discussion / Re: Do not trust this devil woman, she wants Bitcoin dead on: April 13, 2022, 11:04:02 AM
Maybe that's why she's fighting bitcoin so much. Still remembers being pranked by a bitcoiner.
They fired the poor guy as far as I remember.

I don't believe that she is such an evil and grumpy old granny who would take revenge on a personal level because of such things - because she is in the service of politics, and she only says what is the official position of the same politics. I'm not aware of what happened to that guy, although I was convinced that two people were responsible for that incident. Either way, dismissal is the least evil that could have happened to them given everything that is happening in that country.



She does! Let's consider her an ambassador for Bitcoin 😉

Any type of publicity ultimately helps bitcoin to spread out no matter it's good or bad publicity. Wise people hear about it and then they do their own due diligence. And when you spend time on bitcoin then you realize you were in dark before. They wanted to keep you in dark to pocket their benefit. The rest is done automatically. This become just a matter of time to get involve with bitcoin.

Why not, every opportunity should be taken, and when that evil woman realizes what Bitcoin really is, the force would become stronger in her and she would come out of the darkness Smiley

5060  Economy / Reputation / Re: 325btc with loads of topics on: April 13, 2022, 10:41:42 AM
He is the one behind polo7 and spy100, of course, there is no evidence about it as you don't have any wallets to link but the style is clearly the same with the same lack of any knowledge about the things he talks about, including mistaking one country for another.
He did link to his own topics when at the beginning praising himself but that's all

You have a good memory, so even though it may not be the same person - there is no doubt that it is someone who is on the same mental level. What may be a little different for this user (if I'm not mistaken) is the posting on various boards, so it's hard to avoid him unless someone puts him on ignore.

As far as I can remember, I only recently posted in one of his threads, but only because he announced that he was leaving for a while - and that post reminded me of some others who were in the style of "Bitcoin is boring", which reminded me of another possible alt he used before.

Regardless of freedom of expression, I think Newbie and Jr.Members should be limited to 1 thread per day, although that might not be enough to stop someone from making 10 profiles and spamming again.
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