|
Governments would need to ban ALL cryptocurrencies, tokens and a lot more. If only Bitcoin was banned, we could simply give it a new name, so what - in the end - will be banned? Code in general? Using math to create large numbers? Cryptography in general? The internet? Computers? Btw I can mine bitcoin with pencil and paper. Will they ban pencil and paper? I can use drums to transmit binary code. Will they ban drums? I can also shout. Will they ban my voice? Not gonna happen...
Too many big guys are in the game already and greed is a motor for progress. Bitcoin is like a trojan horse in my view.
|
|
|
|
There are ways for those people to cash out without filling any KYC procedures like passport identification.
For example trading them for cash face to face under spot value to find buyers fast, in a location with no CC cameras.
They could also use btc mixers to obfuscate the coins.
In short, that money is permanently lost unless the thieves are exceptionally stupid and try to cash in at legal traders.
Where do you find these people with a suitcase full of cash? Can you trust them not to rob you? Easy to say you could do that, but in reality you will end up rekt in 9/10 cases. |
|
|
|
I lost a lot of money on crypto more than 8000$
Is it recoverble this year?
As mentioned by earlier messages, you should have planned well on when to sell your cryptos. Most investors who enter with the sole aim to trade cryptos generally lose out since they didnt sell at the right moment. With regards to your investments, these are some of the best cryptocurrencies and it is likely that you will break even back again in few months. Or let's hope Elon tweets something very positive about crypto and the markets react to it. Since we don't know the "right moment" it is really the best to define how much profit you want to earn. Quick bucks give you a low roi, like 20-25%.If you can afford to wait, you can easily double your money mid term. I would aim for quick shots now. Price is relatively low comared to ath. If it goes down, buy more. |
|
|
|
|
Next time, set a goal where you would sell, put it into an order, go fishing or sleeping, come back when order was filled= PROFIT!
|
|
|
|
|
Oh. You are new in the game...
Just delete this topic, sit back, relax and zoom out.
|
|
|
|
You might change your mind about Ross, when you read the chatlogs from his computer. Esp. the parts where he ordered to kill various people and his reaction, when he knew about the deaths, which actually never took place, but he definitely THOUGHT he ordered to kill somebody. Not sure if love of freedom! really fits. Have those chatlogs been made public in court documents? I'm not really sure how the general public found out about them if law enforcement seized/intercepted these logs but then didn't provide them as evidence.
Does anyone else find the idea of a "double life sentence" or a "life sentence + some years" nonsensical? Because the prisoner is dead by the time the first life sentence is finished. Somewhere here: https://antilop.cc/sr/Dude, just look at the address of the bitcoin wallet created by the FBI to retrieve the coins from Ross's computer on that same site. the address remains active today, with numerous transactions. Is it true and are the sources publicly available that he ordered to kill people? We might underestimate in that regard and honestly if that is true, that's a no go. I didn't know he is that brutal assuming it is correct. Otherwise the penalty is insane. You can find out everything by yourself here: https://antilop.cc/sr/#exhibitThe torchats with vj/cimon are the ones you want to look for. |
|
|
|
You might change your mind about Ross, when you read the chatlogs from his computer. Esp. the parts where he ordered to kill various people and his reaction, when he knew about the deaths, which actually never took place, but he definitely THOUGHT he ordered to kill somebody. Not sure if love of freedom! really fits. Have those chatlogs been made public in court documents? I'm not really sure how the general public found out about them if law enforcement seized/intercepted these logs but then didn't provide them as evidence.
Does anyone else find the idea of a "double life sentence" or a "life sentence + some years" nonsensical? Because the prisoner is dead by the time the first life sentence is finished. Somewhere here: https://antilop.cc/sr/ |
|
|
|
You might change your mind about Ross, when you read the chatlogs from his computer. Esp. the parts where he ordered to kill various people and his reaction, when he knew about the deaths, which actually never took place, but he definitely THOUGHT he ordered to kill somebody.
I think that there is a strong possibility that one of those corrupt agents on the case framed him. Sure they framed him. They even trapped him to do what he did and they got caught. Nevertheless he thought he was acting just like a kingpin of a drug empire would. He didn't deserve this long sentence though. |
|
|
|
Let us not forget him. Let us not forget the injustice done. Let us not forget, above all, the love of freedom! https://freeross.org/You might change your mind about Ross, when you read the chatlogs from his computer. Esp. the parts where he ordered to kill various people and his reaction, when he knew about the deaths, which actually never took place, but he definitely THOUGHT he ordered to kill somebody. Not sure if love of freedom! really fits. |
|
|
|
4 sats per byte fees are now confirming. The mempool is much clearer than it’s been for some time, might be a good idea to consolidate smaller amounts now if you want to.
Yeah.. a few hours back, some of my transactions got confirmed immediately, after paying as little as 11 Sat/Byte in fee. The Mempool is still quite bit, with 100 MB of transactions pending to be confirmed. But this is a big improvement when compared to the situation we had two weeks ago, when the size had swelled to around 250 MB. I hope everyone makes use of this opportunity to combine their smaller outputs, so that the fee can be reduced in the future. When you say 11 Sat/Byte in fee, how much satoshi is that and how much USD is that approximately? So you could send a transaction right now with 2 sat/byte and it would work but take very long? Average transactions have a size of 100-150 Bytes, so a fee of 11 Sat/Byte translates to around 1200-1600 Satoshis in fee. That comes to around BTC0.000012 - BTC0.000016, and as per the current exchange rates, this amounts to $0.67-$0.90. But the size of your transaction decides everything. If your wallet contains a large number of small-sized transactions, then the size will be larger and therefore the total fee will be higher. And a fee of 2 Sat/Byte would be too low, IMO. It may never get confirmed. Right now 1 Sat/Byte txs are confirming. |
|
|
|
I agree with you, that a tx fee of 1000$ would make Bitcoin unusable. Not just for the lightning network, but for everybody. Now tell me, why should somebody (incl a bank) pay 1000$ tx fee? Just a rethorical question, of course nobody is going to pay a fee that high. Exactly because of this, your scenario is not going to happen, of course unless inflation ate the $ value and you pay 1000$ for a loaf of bread.
Bitcoin fees depend on people paying that fee, so we have a free market here, esp. when the 2nd layer (Lightning) fees are competing with the mainchain. Right now you can send Bitcoins for 4Sat/vb which is like half a dollar for an average tx and on Lightning this would be way cheaper.
Lightning is a solution for small payments, like buying a coffee and the mainnet has its advantages with big payments.
For the majority $1000 locking fee is a deal breaker, but a bank can pay that $1000 locking fee and perform 1 million transactions with another bank in a month. Which puts the banks cost per transaction at only $ 0.001 per transaction. So for a Bank using LN, Bitcoin is still usable because of the # of transactions they can generate between other banks. For the normal person, they make less than 50 transactions per month, and those are not between the same person or service. Which is why LN or Liquid works best for Banks. Who said banks would practically pay $1,000 for a “locking fee”? That’s based on assumptions, and your own biased assumptions at that. Bitcoin Exchanges, which should be, in my opinion, the biggest liquidity providers for Lightning has not adopted it yet.
Now say you lock $50 away in LN for your Coffee shop, and you paid the current $18 transaction fee.
Are you listening, or getting the context of AGD’s post? Who would be so stupid to pay $18 to open an channel for $50? Hmm, I know you are only 12, it is stupid to pay $18 to lock up $50, which is why the LN coffee shop myth is blown. Which was the point , junior. Banks are the only ones, that LN or Liquid could ever be feasible to use , as they are the only one that make enough transactions between other banks that it could be viable at even $1000 onchain fees. They do still teach math to 12 year olds, or do you skip school alot? Maybe you should ask Maxwell to explain it to you. Blockstream is partnering with Banks to use Liquid. https://www.coindesk.com/unpacking-the-avit-avanti-banks-new-digital-asset-being-built-with-blockstreamAccording to Blockstream CEO Adam Back, the asset will be issued on Liquid – a network developed and overseen by Blockstream that is meant to move bitcoins around more quickly than the Bitcoin blockchain itself. Assets on Liquid can be traded in atomic swaps, or smart contracts that allow for exchanging assets without an intermediary. In the traditional world, ACH payments to an exchange take several days to settle. https://www.coindesk.com/in-first-pure-crypto-hire-silvergate-bank-recruits-blockstream-liquid-network-execAt Blockstream, an outfit pursuing bleeding-edge tech improvements for bitcoin, Richman was responsible for the growth of Liquid, a sidechain, or parallel network sometimes used to move money between exchanges.
In his new job, Richman will be in charge of crypto customer growth for Silvergate. He is taking over the duty from the executive vice president of corporate development, Ben Reynolds, who will focus on the bank’s newer initiatives such as crypto-collateralized loans and the bank’s application for a New York trust company license. FYI: By Blockstream artificially limiting bitcoin onchain transaction capacity which keeps the fees high. This gives them the potential to create profit for their company by creating offchain networks for banks. Oh, you thought they made LN for the little guy, and you were wrong.  No worries the banks will still drive the price of BTC higher, but don't expect to be sending alot of bitcoins onchain unless you are rich or a bank. Even though you are starting to become offending, I will clear up things for you about Lightning: Now say you lock $50 away in LN for your Coffee shop, and you paid the current $18 transaction fee. If you are an enduser, you might want to open a channel for more than just 50$ and the fee to open that channel depends on what the actual fee for a btc tx is. So right now you pay about 1000 Satoshis btc tx fee to open a channel, which will save you alot of fees in the future. You don't need to open a channel to every coffee shop you are going to, but you would have a channel open to a well connected node and all of your payments will be forwarded by that node to your favorite coffee shop (if he is also well connected to other lightning nodes which I assume) ...Blockstream blah ... Nobody incl Bitcoin cares about what this company and its individuals are doing (or not) Banks are the only ones, that LN or Liquid could ever be feasible to use , as they are the only one that make enough transactions between other banks that it could be viable at even $1000 onchain fees. You don't understand Lightning. A transaction this big would cost a fortune on Lightning, because the fees on Lightning depend on the number of Satoshis you are sending, while Bitcoin transactions depend on their size in bytes. As I said, Lightning is a solution for the enduser and not for banks. |
|
|
|
whatever your problem, I think the increase in bitcoin is reasonable because as we know now the price of bitcoin has increased, so it is balanced for the current bitcoin gas fee which has increased. snip If the fee climbs to such levels, then I am afraid that I need to look towards other alternatives. Which would be Lightning. If the Bitcoin deposit/locking fee reaches $1000, then lighting would not be a usable alternative. It still forces people into lower fee altcoins with ample onchain capacity. Also if you look at Offchain Solutions such as lighting , to truly take advantage you need 100s to 1000s of transactions, which the only ones that would have that many transactions monthly are corps and banks, not a normal person. I agree with you, that a tx fee of 1000$ would make Bitcoin unusable. Not just for the lightning network, but for everybody. Now tell me, why should somebody (incl a bank) pay 1000$ tx fee? Just a rethorical question, of course nobody is going to pay a fee that high. Exactly because of this, your scenario is not going to happen, of course unless inflation ate the $ value and you pay 1000$ for a loaf of bread. Bitcoin fees depend on people paying that fee, so we have a free market here, esp. when the 2nd layer (Lightning) fees are competing with the mainchain. Right now you can send Bitcoins for 4Sat/vb which is like half a dollar for an average tx and on Lightning this would be way cheaper. Lightning is a solution for small payments, like buying a coffee and the mainnet has its advantages with big payments. |
|
|
|
whatever your problem, I think the increase in bitcoin is reasonable because as we know now the price of bitcoin has increased, so it is balanced for the current bitcoin gas fee which has increased. snip If the fee climbs to such levels, then I am afraid that I need to look towards other alternatives. Which would be Lightning. |
|
|
|
Hey guys. Bitcoin Lightning (NO shitcoin!) is what you need. Electrum wallet supports it btw If you want to run your own node to make money with routing fees your can build it on a RasPi or you buy a complete RasPiBlitz, that is almost ready to start a node on arrival. https://shop.fulmo.org/ |
|
|
|
|
Just to clear OP's misconception and add a little more:
If you use a regular exchange to buy Bitcoins, this transaction will NOT appear on the blockchain. It will be stored in an internal database of the exchange and all the trades that happen on this exchange are not taking place on the blockchain. Technically the Bitcoins you bought are not yours until you withdrawal your Bitcoins into one of your own wallets, because the exchange holds the private keys of your Bitcoins. Your withdrawal will appear on the blockchain and after a few confirmations these Bitcoins are truly yours.
If you want to sell your Bitcoin, you transfer your Bitcoins from your wallet to the wallet of the exchange (on the blockchain!). Your Bitcoin trade on the exchange will NOT appear on the blockchain, as it is done on the internal database of the exchange. Technically the fiat money you got from the Bitcoin sale is not yours until you make a withdrawal into your bank account and cash out, because once the exchange or your bank closes doors, your money is still in their database and you will have a hard time getting your money back.
|
|
|
|
|
Use Lightning. There are easy to use wallets. Electrum for example supports Lightning.
|
|
|
|
|
If they are behind this, why do they still need to invest money in it?
|
|
|
|
[removed]
Sorry dude. Your bs will stay here forever I don't have another account. Maybe one from 2011 but I can't remember the username. Who do you think I am? I worked on alternative currencies from 2007-2009 with cryptoanarchist and a famous bitcoin person who owns a jet - https://bitcointalk.org/index.php?action=profile;u=14775In 2009, I went to Salt Lake City to visit a mine with cryptoanarchist and for the owner of Mulligan Mint (the Dallas RCO). There I met a person who told me something related to gauge symmetries. From Lex Fridman's podcast with Eric Weinstein, gauge symmetries and bitcoin 2/22/21- https://www.youtube.com/watch?v=ifX_JnBfxTY&t=7411sIn March 2008, I responded to my mysterious Japanese friend's questions about what is the ideal money. I explained standard philosophies, then I mentioned gauge symmetries. I just assumed by your writing that you are interested in Bitcoin for a longer time, than your date of registration on this forum might suggest. A big part of your posting is looking more like a self promotion, than a straight contribution to this CSW topic. So you want to say, you believe that this mysterious Japanese friend was probably Satoshi Nakamoto asking you for help? |
|
|
|
|
For me a btc crash is always a dip
|
|
|
|
|
Show Posts
