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681  Economy / Economics / Re: When the world is evolving, follow the trend. on: November 30, 2023, 03:36:30 AM
The evolution of money has been rise and fall and the current mainstream money that is in use is a fall. Except that there is this Bitcoin thing which serves as a better alternative right now, the present time actually has a money that is a trash, backed by nothing but fiat, an order coming from the government which, if not so powerful and forceful, won't certainly be complied with.

When the trend became fiat money, Switzerland became the last to jump on the bandwagon. As a result, its money held value and respect, of course until the country itself joined the fiat gang.  

Don't just follow the trend. That's a sheep mentality. Don't just blindly fall down the cliff with the rest.
682  Economy / Service Discussion / Re: The fate of mixers. on: November 30, 2023, 02:08:03 AM
Mixer exist to enhance the privacy but most of the people use it for launder money. So I do agree with you if the mixer provider can know wheter the transaction is coming from the hacker/dark activities or just want to secure their btc. But I think is hard to do so, from hack yes we can trace it and usually explorer like etherscan made label on it. But dark related activies i think still hard to find

Wait a minute, can you back up your statement that most people use mixers to launder money? If this is the case, then all mixers should already be shut down and seized by the authorities. But I don't agree with you. And I'm 100% sure that many who use mixers only want that their transactions can't be traced. And that's not laundering. To erase tracks is not to launder.

Anyway, I'm afraid that if mixers' main function becomes to clean dirty money, governments might declare war on them and we might end up mostly with centralized mixers, which isn't what anonymity and privacy are all about.
683  Economy / Exchanges / Re: Now Red 🚨 for Exchange Influencers on: November 30, 2023, 01:38:15 AM
To be quite frank, I can only sympathize so much with the victims. Consumers have rights, but they, too, have responsibilities. Surely, a responsible investor or trader doesn't just buy a Binance-tied NFT or use Binance for trades, respectively, simply because somebody else who is good in football promotes it. Would you be depositing money on FTX simply on the ground that it is being promoted by a man who play good basketball and a woman who's got nice curves? I find that absurd.

Although celebrities and athletes should also exert effort in doing background checks of whatever they're promoting, I partly blame the consumers for being drawn toward products merely because they're promoted by popular personalities.
684  Economy / Economics / Re: Black Friday deals and your plan to hold bitcoins. on: November 30, 2023, 01:17:10 AM
Black Friday is a good time to buy what you need, even what you want. But it isn't a good time to just buy whatever it is that is on sale. Many of us have needs and wants that we put off buying because we want to buy them at a much cheaper price. Black Friday may be that buying day as most goods are offered on discounted prices.

Trezor is offering up to 40% off of their products. Ledger is giving away gift cards which contain up to $50 of Bitcoin. These are stuff that you either need or want. And Black Friday is a good time to buy them. But, again, it isn't a good time to just browse what's on sale and shop. That's impulsive shopping. And with big discounts, you might end up buying a lot of useless stuff.

Me, I haven't joined this Black Friday sale.
685  Bitcoin / Bitcoin Discussion / Re: What happen if Bitcoin shutdown? on: November 30, 2023, 12:34:03 AM
The market will definitely fall, albeit temporarily assuming problems are eventually addressed. And that's a normal reaction. We can actually go back to Bitcoin's history for this.

Contrary to what others are saying, Bitcoin doesn't have a perfectly smooth operation. Bitcoin doesn't have a 100% uptime since the genesis block. There were two instances when the network went down. First was in 2010. It was down for more than 8 hours. Bitcoin didn't have a USD value at that time so there was no price reaction. The bug was eventually addressed by Satoshi himself/herself/themselves.

The second down time of Bitcoin happened in 2013. It lasted for more than 6 hours. Again, there was a bug. By this time, however, Bitcoin was already actively traded. As a result, the price fell to more than 20%. Had the downtime lasted longer, I'm sure the impact on the price was much worse. Hence, my belief that the market will experience some serious red candles should Bitcoin go down.

However, these two downtimes of Bitcoin aren't caused by an outside attack. It wasn't because of a hacker or a government. Those were simply caused by bugs which were easily addressed.


Sources:

1. https://bitcointalk.org/index.php?topic=822.msg9474#msg9474
2. https://buybitcoinworldwide.com/bitcoin-downtime/
686  Economy / Gambling discussion / Re: Do you think that this is aperfect analogy of how gambling addiction starts? on: November 30, 2023, 12:15:35 AM
That's why whether we like it or not, gambling is designed to make the gambler lose and the gambling operator win. That's the basic rule in gambling. There's the jackpot, however, and most people find it worth trying to win. But that proverbial jackpot is only hit very seldom. Luck is the word. And luck is unreliable. You simply can't rely on it to make money. So whenever one gambles he/she better have fun. Otherwise, gambling isn't worth it.
687  Economy / Economics / Re: Central banks getting ready for cbdc-s USA is good for freedom on: November 29, 2023, 03:54:50 AM
CBDCs to me are unstoppable. They're a matter of when and not if. Paper bills and coins will be gone. That's the call of the times. The fast development in technology means cold cash is becoming obsolete. The financial world is turning digital. Although developing countries like mine will take a much longer time to adopt, it will eventually happen.

As a result, Bitcoin becomes more and more relevant. CBDCs mean death of privacy. CBDCs mean death of ownership. CBDCs mean death of freedom of money. Bitcoin is our refuge.

It is an optimistic vision of the topic that not many of us share in the forum. Go through other threads and you will see. CBDCs indeed spell the death of privacy but Bitcoin is in more danger than ever of censorship. If you add to that the fact that most people who buy Bitcoin are only thinking about profit and don't care about privacy, using CEX and/or custodial wallets, I'm not that optimistic.

Bitcoin can't truly be in danger of censorship. It resists censorship. People get themselves involved in many things they don't understand or care about. They get themselves censored in one way or another. It's either they learn their lessons or they let history repeat itself. I'm sure the huge majority will embrace whatever currency governments order them to use. CBDCs will be adopted as soon as they're enforced.

Those who "are only thinking about profit and don't care about privacy" might not mind using CBDCs. It's not a problem. But to those who seek an alternative, or when those who are apathetic suddenly realize and begin to shudder at the thought or experience of censorship, Bitcoin will always be there.
688  Bitcoin / Bitcoin Discussion / Re: Original USD value of a BTC transaction on: November 29, 2023, 02:57:43 AM
Is there an easy way to view how much the transaction value in USD was at the date/time the BTC transaction happened ? I remember it used to be visible on blockchain.com if you hovered over the BTC amount but seems they have removed this option.

Not sure what you mean? I took a random bitcoin address from the net here: https://unblock.net/bitcoin-address-work/

And view it on blockchain here: https://www.blockchain.com/explorer/addresses/btc/3Mrdyvm4Dnc4Dii4xDpEtbTsQTEUbZiQQs



As you can see, there is the sats and fiat in USD transaction there.

But that isn't the USD value when the transaction was made. That's the current USD value. Those USD values reflect the real-time USD price of Bitcoin. So, they also change accordingly. OP was asking a way to know a Bitcoin transaction's USD value during the time when the transaction took place.

OP, blockchair.com offers this. Under your address is your transaction history. Scroll to that particular transaction and click on its transaction hash. It will show you the details including the USD price of the transaction when it happened.
689  Other / Beginners & Help / Re: How can about this forum??? on: November 29, 2023, 01:55:23 AM
On the contrary, you have already known what exactly you're "running after" on the very day you signed up on this forum. Apparently, you were looking for a way to earn. I don't know how it has been for you so far, but it must not be that great. Joining bounties doesn't make you earn much. What you get oftentimes is a few dollars, and sometimes even nothing. This was at least my experience.

While you can indeed earn here, it often requires a high rank, a good track record, and so on. Accomplish these first, if I were you. If you won't or you can't and you badly need to earn, you better look for job sites or develop your skills rather than do bounties. Most of the time, they aren't worth it.
690  Other / Beginners & Help / Re: How could this journey be on: November 29, 2023, 01:25:31 AM
Welcome!

Spend time reading, OP. I guess that's the best start. Almost everything is provided by the internet. The basics of Bitcoin is easily available online. Help is sought when you go beyond the basics. But to somebody who has "no knowledge of Bitcoin", it is sufficient to start with the "what." In which case, a short introduction or perhaps the whitepaper is probably enough for a start.

I'm saying this because this forum, for example, is mostly discussing about things related to or have implications to Bitcoin or certain details about Bitcoin. What is Bitcoin, which is the first thing a newbie should ask, is not the latest topic that's discussed here.
691  Economy / Economics / Re: Inventing a job is better than finding a job on: November 29, 2023, 12:57:14 AM
I don't quite understand how a simple man can invent a job on his own. He can start a business, yes. He can be a freelancer, yes, He can be a digital nomad, yes. But how can he invent a job? It's possible in a way because you could, for example, develop a new technology or discover something and hire somebody to become, say, a time machine operator. That's a new job, but it isn't available to the huge majority. The realistic option of almost everybody is to be employed, to be a businessman, to be self-employed.

I guess a better way of putting it is to develop new skills or earn new knowledge. In that way, you can come up with new stuff which you can sell or offer services that others may need. I used to enroll in a resin workshop myself because I thought of making resin products. So that's like inventing a new job myself, but not literally.
692  Bitcoin / Bitcoin Discussion / Re: The Authorities Are Not Smart Enough to Do This on: November 29, 2023, 12:25:48 AM
For the first strategy, fiat is not a problem to be solved. It can't be remedied. You simply can't give absolute power over money to human beings. It won't work. The only solution is to replace it. If you replace the ruling people, the performance of a certain fiat may improve, but it can't stay like that forever. It's only a matter of time before downfall ensues. Power corrupts. Money corrupts. Power over money corrupts even more.

For the second strategy, it's not actually how you treat Bitcoin. However you treat Bitcoin for as long as it remains relevant due to whatever factors, it will always attract. Like if fiat is performing so poorly that people's hard work is rendered useless because of hyperinflation, whether you completely ignore Bitcoin or declare a blanket ban on it, Bitcoin will always be interesting to many.
693  Economy / Gambling discussion / Re: Not this guy on: November 29, 2023, 12:02:47 AM
I've known a whole lot of irresponsible gamblers. I know of family men who allocate regular budget to gambling even if they don't have much. It's as if gambling is part of their basic expenses. It's good if they win, but if not it seems everything's all right because 'that's what gambling is all about'.

But these type of gamblers are different from those who seek intense thrill in gambling, those who bet huge amounts without fear. If they have the money and they aren't neglecting their other responsibilities and they're not really draining their wealth, it's not really a big problem. The problem are those who bet moderate amounts but can't even provide their families' basic needs.
694  Economy / Exchanges / Re: Is the Binance the next to bite the dust or FUD? on: November 28, 2023, 02:27:38 AM
They cannot print more BNB.
Why not? Who is going to stop them? They have complete control over the entire BNB network and can do literally anything they like with it, from printing a billion out of thin air to simply shutting the whole thing down with zero warning.

LOL! As if the Binance network is decentralized. Not only can Binance mint more BNB, CZ himself can order it. CZ is Binance. Forget about those handful of Binance validator nodes; they're all under CZ's command. CZ is the central power over Binance.

As a matter of fact, if I'm not mistaken, Binance minted BNB to be airdropped to the victims of the Morocco earthquake a couple of months ago. If I'm wrong on this, I'm sure that the Binance network was once paused. This is proof enough of Binance's centralization. And if they can pause the entire network, they can also tinker with anything on it including the supply of BNB.
695  Bitcoin / Bitcoin Discussion / Re: Will transaction fees affect Bitcoin in the future? on: November 28, 2023, 01:11:17 AM
It has affected Bitcoin in the past. It is affecting Bitcoin now. And it will continue to affect Bitcoin in the future. And those effects are significant. Although there are a number of ways to somehow mitigate it like using SegWit or consolidating UTXOs, those aren't actually remedies. Lightning itself doesn't address the problem.

However, Bitcoin remains cheap and efficient when it comes to huge and international transactions. Sometimes I'm convinced that Bitcoin is meant for this. Smaller ones on a day-to-day basis could make use of off-chain or other alternatives.
696  Economy / Exchanges / Re: $86m+ stolen from HECO bridge. ANOTHER Justin Sun service HACKED on: November 27, 2023, 10:30:21 AM
4 successful hacks on different platforms under Justin Sun within just a couple of months. That's a record. Whatever the reason or reasons may be, there must be something wrong with how these platforms are being maintained, particularly in terms of security.

Supposing all these rumors about exit scam are not true, I'm afraid there remains no reason why users should entrust their money to any of Justin Sun's services. But are all of these talks not true? Is this just coincidence? Or is there somebody out there specifically targeting Justin Sun's businesses?
697  Economy / Economics / Re: Economists advise caution in trading in Bitcoin currency on: November 27, 2023, 09:12:55 AM
First, here's a real life analogy. Just days ago, there was a nationwide transport strike here conducted by jeepney operators and drivers. The main reason is the transport modernization plan of the government in which the franchise of these old jeepneys shall not be renewed. They disagreed, of course.

This is basically what it's all about. My country's central bank governor has the same sentiment about Bitcoin. He labels it as something based on the greater fool theory. But are we going to ask the opinion of a central bank governor about Bitcoin? Surely, we won't ask the opinion of the printing press about online newspapers, publications, eBooks, and the like, just as we don't ask the opinion of a traditional rickshaw operator on taxicabs.
698  Bitcoin / Bitcoin Discussion / Re: What one change to Bitcoin can make it's adoption faster? on: November 27, 2023, 08:28:39 AM
Bitcoin isn't perfect, yes, but what's the alternative? My point is that Bitcoin's adoption rate would increase a lot not necessarily by changing Bitcoin's imperfections but only by making people aware of the real situation of the currency they are using. Bitcoin is far from perfect, but the mainstream currency is much worse, not even worth comparing with Bitcoin. So, it's enough that the people realize how oppressed they are by the fiat system and Bitcoin adoption accelerates.
699  Economy / Gambling discussion / Re: Gamblin with crypto because taxation makes no sense? on: November 25, 2023, 01:30:35 AM
This made me curious. Is there anybody here who actually pays taxes for his/her gambling wins whether from a crypto platform or not? While I'm aware that any form of income is subject to taxes in my country, I cannot remember of a single instance in which I paid for my gambling wins. I'm not sure how strict this kind of taxation is being implemented in other countries, but it isn't strictly done here.

Anyway, I guess crypto gambling isn't actually designed to shirk tax responsibilities. After all, most of these gambling platforms are duly registered and have KYC terms.
Not me, not that I don't want to pay taxes, but to be honest, gambling taxes here are lax, specially online or even in traditional based casinos. Maybe if you win the lotto or something you will be tax, but playing on casinos? I don't think that everyone is paying taxes or even declaring it in their tax returns.

Even brick-and-mortar casinos here, which are directly regulated by the government's gambling board, don't collect taxes when you convert your chips into cash. Even in cockfighting stadiums where there are government employees actually monitoring the operations and where hundreds of millions are at play, they don't collect taxes from the winners.

Quote
Yeah, I think in the beginning, this is not what crypto based platform wanted to see, or even exchanges (but right now they are heavily tax specially in the US if I'm not mistaken). Hopefully there will still be some leniency as far as online crypto platform for tax purposes, otherwise it's going to be huge for us players.

Crypto gambling companies and crypto exchanges are taxed, but individual gamblers and traders who are making money are probably not. To the first crypto gambling company or crypto exchange that deducts winning gamblers and traders taxes, if that happens, it would certainly cost them a lot of users and therefore revenue.
700  Other / Beginners & Help / Re: Some people say they will never sell BTC. Is there any reason for that? on: November 25, 2023, 12:55:51 AM
This may be true if you are keeping intergenerational wealth, but if you are just saving like an ordinary man, albeit in Bitcoin, then you will certainly sell it or use it at some point.

When you read it especially on social media, don't believe it, or at least don't take it literally. They're simply saying that Bitcoin is worth keeping for a long time, or that the price will continue to rise (so why sell early?), or that time will come when Bitcoin becomes a mainstream currency (so hodl until that time comes), and so on. Or they simply want that the available supply remains low so that the price will rise. But, again, take it with a grain of salt. That is self-serving.
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