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5301  Economy / Exchanges / Re: Binance worth more than sum of European banks? on: March 20, 2022, 11:53:37 AM
@Lucius. However, would I be correct in assuming that Binance's real networth might be very much underestimated?

As I have already pointed out, this is just a word of one man whom I personally have no reason to trust - especially when he says that one crypto exchange is worth more than the total value of all European banks. It is true that the situation in the EU is not perfect, but all of them together have far more money than what this crypto exchange has - it is something that is incomparable to me. The only thing I can agree with is that this company has a lot more money than is publicly known.

Last year I was speculating that FTX might kill Binance and become the largest exchange in the world. But I began to think that I might be wrong after I read this article. Su Zhu might be saying something that forum cave trolls like us do not know.

There is something in money, but it is not the deciding factor that can keep someone competitive in today's world. They live off the old fame and the fact that they have long resisted KYC, but now that this is no longer the case and they can remain competitive only if they otherwise attract customers. Since they obviously have a lot of money, why not reduce the withdrawal fee by at least 30%?
5302  Economy / Speculation / Re: BITCOIN will rise on: March 20, 2022, 11:32:16 AM
Yup. I know I can't be the only one sometimes forced to dig into Bitcoin we score we'd never touch so soon (happily for me, have been also fortunate enough to take advantage of unexpected dip opportunities to even it out. I never really bought the theory that inflation and recession leads the regular guy to get further exposure to Bitcoin. Doesn't make sense to take on more risk when you need to keep your gas running.

For those who know how to assess the situation a little better, key decisions are made long before prices skyrocket, not after we find ourselves in the midst of inflation and war. People will say that it is impossible to estimate when such things will happen, but the consequences of the pandemic simply had to surface and there is no more hiding than the fact that ordinary people will have to pay for everything politicians did during that time.

I doubted that the four-year cycle would continue and I decided to take a share of the profits on the last ATH which now turned out to be completely correct. I now use that money for all those things that I would not otherwise be able to buy from my regular income. Although I know the potential of Bitcoin, I can hardly decide on such an investment at the moment - I just don't have the cash I don't need at the moment.
5303  Economy / Economics / Re: Impact of a US Digital Dollar on Crypto? on: March 19, 2022, 04:19:38 PM
Knowing that people prefer convenience on top of security/reliability/decentralization, it's likely the majority will "ditch" crypto in favor of a government-backed digital currency.

For all those who will not understand the difference between CBDC and Bitcoin until then, it will not be too important anyway, because the only difference between paper and digital fiat is that the government will be able to control us much better than now. Those who value privacy will certainly gravitate even more towards Bitcoin, but I do not mean only those good people, but also criminals who prefer banknotes above all.

By the time all countries have their own digital currencies, it's likely governments will become more oppressive against crypto/Blockchain tech. We're still a few years away from seeing a Digital Dollar in circulation, so there should be nothing to worry about at least in the time being.

It's always a possibility, but the authorities still have very powerful instruments today to do great damage to Bitcoin, only if they want to - all they need to do is follow China's example. In addition, the CBDC will be introduced gradually, so we know from the example of the EU that it has been proposed that each adult resident will be able to have a maximum of 300 digital EUR one day when it becomes available.
5304  Economy / Speculation / Re: BITCOIN will rise on: March 19, 2022, 03:46:03 PM
The market now is really different, I am glad about it.

We are definitely in a different environment than 4-5 years ago, because large amounts of BTC ended up in the possession of institutional investors, and they mostly bet in the long run and have credit for some claiming that there is less liquidity on crypto exchanges. Yet this is far from any serious shortage that would arise if some big investor wanted to buy some larger amount of BTC and the market could not meet his demand. If we know that there is an OTC market as well, then we probably have several million BTCs on sale at any given time.

I believe most of people now are being introduced with Bitcoin because of inflation right now on fiats, and you will see that most of people are intended to hold it off exchanges and this is very good news.

It would be more accurate to say that many people have heard of Bitcoin, but are not too interested in such investments. One of the reasons is that negative stories about Bitcoin being harmful to the environment are constantly circulating in the media, not to mention how Bitcoin, without any concrete evidence, is often put on a par with crime and terrorism. The average person still trusts the mainstream media and politicians more than some random guy who writes or talks about Bitcoin online.

When it comes to inflation, people are faced with a lack of money for basic necessities, so the question is whether they have any money at all for any investment.
5305  Economy / Exchanges / Re: Binance worth more than sum of European banks? on: March 19, 2022, 03:17:36 PM
Su Zhu did not show any numbers, however, it has been speculated that the Asian crypto hedge fund founders and whales might be in secret private discord servers with Asian exchange owners and founders.

He didn't show anything because he has nothing to show - such statements without any cover only serve to attract some new investors and make free PR for the company.

Su Zhu might have an informed guess on how large Binance's real networth. It might not be as big as the combined networth of European banks, however, it might be underestimated.

Given their shady business throughout their existence, one might be very interested in how much money they really have, or in other words how much tax they have evaded so far. If this statement is even approximately true, then this company could find itself under investigation. Of course there is another option, and we all know that enough money in the right pockets provides a certain dose of immunity.
5306  Bitcoin / Bitcoin Discussion / Re: Crypto Scams now the second largest in the world on: March 19, 2022, 02:29:16 PM
What is "Rug Pull"
This is a process of creating new cryptocurrency. A person or group create and establishes whole new cryptocurrency or token that investors can put their money into. They garner all the funds they need, and right when the token appears to be reaching a new price peak, the executives run off with all the cash, leaving investors with bruised egos and empty pockets.

This problem has nothing to do with Bitcoin, but with the fact that every kid today wants to have their own token or coin - which is easier to do than many other things in life. This whole altcoins industry is very problematic and no matter what anyone thinks when it comes to cryptocurrencies, much stricter criteria should be set when approving such projects in the sense that the process of listing such tokens on crypto exchanges should be much stricter than is the case now.

Of course, scam always requires the participation of the other side - and the world is full of millions of naive people who obviously have the money to invest in every crazy promise. The question is, should we protect these people from themselves in such a way that we do not allow such scams to be presented to them at all - or should we pretend that nothing is happening?

Before you answer that question, remember that the biggest collateral victim of all this general mess is Bitcoin - because the average investor doesn't make a difference between shitcoinx and Bitcoin, when he loses money, it's all the same to him.
5307  Economy / Economics / Re: PayPal started working in Ukraine on: March 19, 2022, 12:01:24 PM
PayPal was previously available to citizens of Ukraine, but there were restrictions on receiving money through this monetary system. Thus, it was previously possible to pay for the goods using PayPal, but it was impossible to make a withdrawal from a PayPal wallet to a Ukrainian debit card.

Thanks for the additional clarification, because it was illogical for me that PP was not present before in Ukraine - and once upon a time it was the same in my country, you could pay for goods and services, but you could not withdraw funds to your bank account .

It should be added that since March 18, PayPal has blocked all wallets of Russian users for an indefinite period.

A logical move by a US-based company whose president has called the Russian president a war criminal - and most companies that hold on to their reputation will do the same. I watched yesterday and I can't believe my eyes, 100 000 Russians at the stadium are celebrating the occupation of Crimea and the invasion of Ukraine. As someone has already noticed, we seem to have got another North Korea, only much bigger and more dangerous.
5308  Bitcoin / Bitcoin Discussion / Re: What can we do to speed up Bitcoin mass adoption? on: March 19, 2022, 11:31:21 AM
Did I understand correctly that people in some places in your country pay in bitcoin, which are converted into fiat and go to the seller's account from which taxes are paid? So basically everything is legal?

Yes, you got it right - paying with Bitcoin and some altcoins is completely legal, although the question is how many people use such payment methods. I can only say that the payment processor and the company behind it are generating more and more revenue year after year, although I believe most of the revenue comes from their crypto exchange business.

I didn’t want to put links in a previous post, but this is one of the very popular web stores in my country, and everything you see can be paid for with cryptocurrencies. Another example of how easy it is to accept cryptocurrencies in everyday business.

I am also inclined to the point of view that bitcoin has strongly departed from Satoshi's concept. The function as a means of payment has evolved / transformed into an investment tool, a way of accumulation, savings. The role of the method of payment for goods and services has been partially preserved, but the share of this is already smaller.

This is more than evident, but very little can be done about it. Most people are far from understanding Bitcoin to the level where they could use it as a currency, because the problem with on-chain transactions is that they are not instant and people do not understand how fees work, not to mention the input/output factor and transaction size. Some say the solution is in LN, but the whole thing would have to be considerably simplified to be widely accepted.

In this regard, we currently have a problem due to the influence of people who promote Bitcoin as digital gold, and ordinary people are just following their example. It is ideal to find some balance between using Bitcoin as a currency and at the same time as a long-term investment.
5309  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2022, 03:58:09 PM
Wasnt it mostly Nazi soldiers,nazi supportes and people who were targeting his rule in a malevolent way? Other people - working class - farmers all had so much money and happyness that they worked satudays for charity .. I dunno i just know that people lived well under his rule

Everyone was killed, whether soldiers, children or women, there was no mercy for anyone - all with the support of the British Army, which could have saved most of these people but returned them to Tito's butchers. About 444,000 people were captured, and according to official documents discovered later, only 10% survived. If you don't believe me, here's what the British soldiers say...

https://archive.org/details/BleiburgBritishMassacreConfessions
5310  Bitcoin / Bitcoin Discussion / Re: What can we do to speed up Bitcoin mass adoption? on: March 18, 2022, 03:42:13 PM
Quote
What can we do to speed up Bitcoin mass adoption?

If there is a physical or online store where you would like to pay with Bitcoin, then you should ask them if they can add that payment option. If more people were interested, the store would certainly consider this option. Sometimes it’s better to act than to wait for something to happen on its own. I see that we agree on that, and I think that is the best way towards that kind of adaptation.

Residents of any country in the world can officially use only the national currency as a means of payment (if somewhere this is not the case, then correct me).

Your view of the situation is based solely on where you live, but I live in a relatively small EU country where Bitcoin is not regulated as a currency, but at the same time it can be used on various online sites but also in physical stores. The fact is that the state cares exclusively about collecting taxes, and all those who operate legally are liable to pay taxes. In addition, sellers use a local payment processor that allows them to get a fiat directly to their bank account, in the end, it is a win-win situation for everyone.

However, one thing we must not forget is that most people do not see Bitcoin as a currency, but as a speculative asset - which leads us to the fact that the volume of such payments would probably not increase significantly even if Bitcoin becomes a legal tender in most countries.
5311  Bitcoin / Bitcoin Discussion / Re: The House of Nakamoto: A Bitcoin store in Vienna, Austria on: March 18, 2022, 02:57:40 PM
@Husires, I believe that this information is outdated, because the Bitcoin Store has a branch office in another city (Rijeka), and cryptocurrency trading is also possible in 55 offices of the Croatian Post, in various money exchange offices, and places where gold is sold/bought. It should be emphasized that except in the Croatian Post, it is not necessary to show documents in any other place if it is traded up to the amount of 7500 HRK (around 1000 EUR), or 15 000 HRK, which is the limit in the Bitcoin Store.
5312  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2022, 02:44:13 PM
Talking about Yugoslavia... That day in the Video , the whole world Cried. Every leader attended this great mans funeral .
Josip Broz Tito
https://www.youtube.com/watch?v=Q7Txj43GmYA

Strange people wept for one of Europe's greatest criminals and dictator, who killed over 400 000 Croats after World War II alone. Even stranger are people who still have some sympathy for Stalin, Tito or Máo Zédōng and even Hitler today. More than 1000 mass graves throughout the former Yugoslavia testify to how good Tito was, and a CIA report says the total number killed during his rule was more than 1 million.

https://en.wikipedia.org/wiki/Barbara_Pit_massacre
5313  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2022, 11:46:14 AM
Sorry if already posted but still I want to post it again one more time, not one more time but I think I should post it monthly or weekly  I guess.

Crypto… no not crypto but bitcoin, it’s only about bitcoin.



https://www.reddit.com/r/Bitcoin/comments/tgaz74/we_have_our_first_bitcoin_royalty_prince_philip/

The Kingdom of Yugoslavia has not existed since 1941, and the other Yugoslavia since 1991 - that prince is royalty as Faketoshi (CW) is Satoshi Nakamoto.



A lot of military aircraft over western Europe right now.
Click "military" then "filter".
https://globe.adsbexchange.com/



Yes, it seems to be quite crowded above the EU.

5314  Other / Meta / Re: Problem with plugin uBlock Origin on: March 18, 2022, 11:23:17 AM
@PawGo, this problem has existed for more than a year, and in addition to the problems you describe, in some cases, the signatures have also been blocked. As others have already noticed, I can also confirm that I notice the same thing 2-3 times a month - but it lasts for a very short time (maybe 1-3 minutes) after which everything returns to normal.
5315  Bitcoin / Bitcoin Discussion / Re: Bitcoin searches Google Trends 2009 on: March 18, 2022, 10:56:27 AM
Check the date of Satoshi's last post with Hal's first on this forum, they almost corresponds. However there is a lot of evidence. But as many said, perhaps it's useless to persist in wanting to discover the truth. I would like to have a guide/mentor and know his true identity.

If I understood correctly, do you want someone to help you find out the true identity of the person or person behind someone who introduced himself as Satoshi Nakamoto? Do you even understand why Satoshi decided to leave his project to others and can you understand what it would mean for someone to really reveal his identity?

This would not only jeopardize his security (if he is alive), but would very likely have very negative consequences for Bitcoin. The strength that Bitcoin has is that we are all Satoshi, and one man is completely irrelevant in the whole story. In other words, some mysteries should never be revealed - and even if someone discovers them out of curiosity, it would be better not to share them with the public.
5316  Economy / Economics / Re: US warns India over oil deal with Russia on: March 17, 2022, 03:41:57 PM
Why the US should warn? Don't they believe India is an Independent country? Do they only believe that Ukraine is an independent country? I am not supporting the Russia-Ukraine war anyway. Russia should stop killing people. But not agree with the US, the sanctions given by the USA, not by India or the world. It doesn't necessary to follow the US in every section. India is an independent country and they have the right to take their own decision. They have to think positively for their own nation, not for US or US citizens. The US should stop interfering in every country, it's quite ridiculous they want to role the world.

You think logically, but the world has long since ceased to be a place of logic, and has become a place where power and interests rule. The US behaves like a world policeman who reacts to irregularities, but only those that will not harm their personal interests. At one time, they went to war against Iraq and Afghanistan because of what later turned out to be false reports of weapons of mass destruction or that Afghanistan was a world terrorist base.

What is the result of that policy? Both countries have been left in chaos, people are living worse than before, the number of people they have killed is in the hundreds of thousands. As for India, it is no secret that they are great allies of the US, and that their attitudes towards China are almost identical to those of the US - so this warning should be understood as a warning more of a cosmetic meaning than a real threat.

In Europe, we have a case where a country that is in accession negotiations with the EU (Serbia) refuses to impose any sanctions on Russia - and helps them by maintaining an air corridor with Moscow through which Russians travel carefree throughout the EU. I have not read anywhere that the US is protesting against this, although the EU does not have a firm stance on such things either.

Unfortunately, the world is full of hypocrites who say one thing and do something completely different - as well as news that should deceive the public, while on the other hand, everyone does what they want.
5317  Bitcoin / Bitcoin Discussion / Re: Bitcoin searches Google Trends 2009 on: March 17, 2022, 03:10:17 PM
You haven't read this article:

Yes, exactly. And the other two countries are Finland and Sweden where we know that the source of the leasing server pointed to a small colocation provider in Helsinki, Finland.

This article does not provide any evidence, but like hundreds (if not thousands) of others, it tries to use the mystery of the identity of the inventor of Bitcoin to promote a token or app. No one serious will put in their article as one of the candidates the well-known Faketoshi, or some random people who are only Japanese, or of Japanese descent.

Satoshi was (and probably still is) a man of above-average intelligence who planned everything down to the smallest detail and all these clues that various researchers take as some important references are nothing more than false clues.
5318  Other / Beginners & Help / Re: Is my wallet still safe??? on: March 17, 2022, 02:21:30 PM
I never realized he was a scammer at first because I thought he was a legit support from a token airdrop until he asked and demanding via link address my seed phrase, of course I stopped to proceed coz I realized he was scammer trying to hack my wallet and scam me.

I hope you have learned something from what has happened to you, and that is that you need to be extremely careful with whom you communicate with when it comes to any things related to cryptocurrencies. All these airdrops are a potential danger, not only in the sense that someone will ask you to send them your seed or private key, but also because of the possibility that someone will try to infect your computer with a virus (fake wallet/s) or clipboard malware. Before you know what's going on, you can have RAT (remote access trojan) on your computer, and then the hacker will have access to everything.
5319  Economy / Trading Discussion / Re: 1$ per day crypto investment plan any good ? on: March 17, 2022, 11:43:09 AM
The OP says it earns $10 a day, which means about $300 a month, which means it will set aside $30 each month to invest in Bitcoin or some other altcoin. Although it may seem like a small amount, I think it is quite enough to start with, especially if that amount is not something that significantly affects everyday life.

As other members have already mentioned, with such small amounts one should always be careful when it comes to fees for sending money to crypto exchange and in case of withdrawal of cryptocurrency in a non-custodial wallet. Therefore, the only logical choice for the OP is to deposit $30 each month on the crypto exchange, buy the cryptocurrency and then withdraw to his wallet after a few months. Of course, the OP can always choose the option to store coins on the exchange, the risk is always there, but it will certainly save on fees.
5320  Bitcoin / Bitcoin Discussion / Re: The House of Nakamoto: A Bitcoin store in Vienna, Austria on: March 17, 2022, 11:10:11 AM
It's basically a physical space where anyone can go to buy and sell Bitcoin.
The main difference with any other exchange is that they have real people there talking to the people interested in Bitcoin. This is a huge thing for newbies, as the staff is there to answer any questions about how to start with Bitcoin, in a friendly way.

Such physical branches also exist in other EU countries, whether they are specialized branches exclusively for the sale/purchase of cryptocurrencies or are located within post offices. Although some think that Bitcoin must be a legal tender or have some special approval to be present in this way, in fact, it is very simple - everything that brings tax revenue to the state and is supervised by the relevant services can be made available to the public.

For some, this is really a much better option than online trading, because in addition to staff advice, you often have the opportunity to buy a hardware wallet. The only downside is that you can be the victim of a physical assault after making a transaction, in the sense that bad guys monitor such places and then follow you to find out your location.

https://www.bitcoin-store.net/en/stores/
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