Private key is the thing that proves that you own this specyfic digital identity. Just like with every crypto wallet. But that's probably not what you wanted to ask, but how idena deals with the fact that one person has multiple nodes. Its the turing test i was talking about before. Its not a "some CAPTCHAs". Its 6 logic puzzles that you have to solve. This test is performed simultaneously for the entire network and short session last only 2 minutes. So there is no way to validate more than 1 identity. Well you can try with 2-3 but sooner or later you will run out of time and fail valition loosing stake and identity. Based on my experience with idena, 1 node is easy to have, 2 is hard, 3 is super hard and risky.


Fair point. But its not as hard as it looks like. I'm the owner of IDENA digital identity for more than 3 years.


you need 10-30 min of your time each validation (~20 days). They tried to aim for a sweet spot. Validation each day is cool because new members can join right away but from the other hand old members needs to spend 30 min each day instead of once every 20 days.



I'm not an expert but to me sharing any data is a red flag. I have no guarantee that this app wont collect my IP address, mobile phone hardware details, information about the browser, about the font size set on the phone, screen resolution, location from GPS. I have no guarantee that it wont be connected with darknet databases from other services that were already compromised.

Also if biometric data is all i need for your app ... it means i wont be able to safely use other apps that will one day reach mass adoption if this project will fail because my biometrics can already be compromised.

Impossible to calculate/estimate. Price is based on supply and demand which is impacted by addoption, project use-cases, project user base, market conditions, short term irrationality of investors, amount and condition of competition and many more.

If future Web3 Trustless Decentralized Identity would be based on Biometric Data ... the worst thing you can do is to share it with random project in ICO stage for few pennies. Why this data is needed for? To prove that you are the owner of identity? Thats why private key is for. To collect sensitive data and run away? Most likely. To avoid sybil attacks? Maybe but there are better alternatives that does not force you to expose to unlimited risks.

For example IDENA and its Proof of Person network. It does not need any sensitive data. 1 node = 1 vote. Sybil resistance achieved by Turing test.

They really did? I dont know why this metric does not include inflation into calculation. If GDP grew by 0.2% with inflation at 6% it means that it went down by 5.8%. I bet you can have growing GDP even on dying country in deep recession as long as you will print enough money. USA, UK and whole euro zone is in deep recession. People sees this, no matter what official numbers says.

And the worst is yet to come. we have at least 10 hard years ahead.

Just a reminder that next next validation is at 15.02.2023 - 3 days from now. If anyone has a problem with receiving an invite code, feel free to write me a pm. I should be easily able to collect up to 5 invitations.

Also 6 days before mainnet. Any predictions?

Od mojego ostatniego postu sprawdzającego fundamenty bnb minęło już 9 miesięcy. Chyba pora na aktualizację:


Obecnie suma z 4 ostatnich burnów to 2.378 mld$, co by dawało zysk na poziomie 11.9 mld$. Spadek o 20% ale trzeba uwzględnić to, że jesteśmy od ponad roku w brutalnym bear markecie. C/Z utrzymuje się na poziomie 4.1 co daje skrajnie niedowartościowaną wycenę (na podstawie tego jednego wskaźnika).

Jako, że binance oficjalnie odpuścił politykę palenia 20% zysków to sprawdzę powyższe wyliczenia podobnie jak zrobiłem to ostatnio:


NA dzień dzisiejszy wolumen na binance to 40 mld$. Jak w mordę strzelił podobnie do ostatniego 44 mld$. Również mamy weekend. Jedyna różnica jest taka, że binance zrzekł się prowizji z pary spot BTC/USDT (około 4.5 mld$). Więc do obliczeń trzeba by było wziąć ok 35 mld$. Założyłbym podobne marże, bo niewiele się zmieniło. Daje to 11.1 mld$ szacowanego zysku. Zbliżone do pierwszego pomiaru.

Irytujące nazwałem odtwarzanie tego samego kawału sprzed 10 lat w 1000 wariantach (czyli tworzenia shiba, husky itp). Oraz równie irytujące robienie listy "Meme coiny do kupienia w 2022 roku", gdy bańka meme coinów się skończyła a każdy powinien ją wspominać ze wstydem, że do tego doszło a nie próbować to jeszcze łapać niczym spadający nóż.

Gdzieś widziałem dobry mem o meme coinach:

https://pbs.twimg.com/media/FoNZ33pXkAAANl3?format=jpg&name=small

A sam fakt, że tłum w oparciu o manipulacje marketingowe i cenowe wycenia coś na 10 mld nie nadaje temu czemuś powagi i jakości. Doge, to jeszcze nie tak źle. Dekada życia, zebrał community bo był pierwszym tego typu coinem w czasach, gdy nie było 20 000 alternatyw. Teraz to inne czasy i inna gra.

Post full of lies and false promises. I would avoid this coin as its owners pays for such poor shill focused on unexperienced users without basic knowledge.

"stop your monthly job and focus on SATOSHI core" - this has been the worst financial advice in the history of financial advices, maybe ever.

Tak to raczej nie działa. Przynajmniej nie powinno, bo może powodować różnice cenowe przy braku możliwości arbitrażu. Musicie mieć bridge który będzie dynamicznie zmieniał balans między chainami pozwalając na arbitraże.

Poza tym z opisu, token nie różni się od pozostałych 10 000 projektów DEFI. Mnie nie zaciekawiłeś.

Poza tym watek powinieneś przenieść tutaj

Atak chyba skończony. Kapitalizacja tethera nie spada od czerwca 2022 (8 miesięcy). Wszystko wskazuje na to, że niezależnie od tego jak bardzo psy szczekają karawana będzie jechać dalej. Nawet jeśli nie mają poparcia 1:1 a na przykład 1:2 ... to wystarczy by być nietykalnym.
Już w 2018 roku mówiło się, że 30% bitcoinów jest "spalonych" na różnych portfelach na których został sam pył, lub zostały zagubione. To samo pewnie stało się z tetherem na przestrzeni ostatnich 8 lat istnienia. Sam spaliłem ze 50$ na rożnych portfelach, których nie chciałem łączyć z uwagi na zwiększanie anonimowości. Nie powinno więc dziwić, że mimo braku pokrycia tether może być niezniszczalny jeśli tylko nie przesadzają. Na chwilę obecną wydaje się, że zachowują bezpieczną rezerwę.


Przy okazji nowy papier od tethera, który sugeruje, że ich inwestycje przyniosły zyski z rezerwy przekraczają zobowiązania aż o 960 mln $, co brzmi imponująco, jednak jest to tylko 1.5%:

https://tether.to/en/tether-continues-to-demonstrate-strength-of-reserves-reveals-dollar700m-profits-for-q42022-in-latest-attestation-report

Nagania na shitcoiny, kłamiąc co do ich fundamentów i stabilności. Ważne, by wyświetlenia na stronie się zgadzały. Daje prostą odpowiedź na pytanie amatora "co kupić" bez poczucia jakiejkolwiek odpowiedzialności za swoje słowa, że ten amator faktycznie to kupi i popełni błąd życia. Fakt, że to tylko reklama jego strony nie sprawiedliwa go w żadnym stopniu.

W dzisiejszych czasach google, apple czy nawet TLT (ETF na długoterminowe obligacje USA) nie nazwałbym walorami, których "wartość jest raczej stabilna i stale rośnie" a co dopiero jakieś kiepskie shitcoiny.

Its too late. smart money bough earlier. dumb money is buying now at x10 pump. Whole crypto AI bubble will end up as pump and dump shame. simply to build an AI you need huge database to train it. No one will beat google (or similar companies) at the amount of users data they have. Its not something that can be done as a team of 4 DEVs and 10 mln $ from ICO.

Also people seams to forget that its not the first time everyone is excited about AI. We have AI mania fallowed by AI winter for last 50 years - https://en.wikipedia.org/wiki/AI_winter. If you are on profit. Take it. If you miss the rally. Limit risks and dont buy now. Risk/reword is not worth to take it at x10-x20 pump.

Each time you open a trade, put a stoploss few dollars about your liquidation price because liquidation is much more expensive than regular position close. It will save you a lot in a long run. Especially if you trade with high leverage.

Remember that even if you are successful for weeks, does not mean you are good at trading and can go crazy with big bets. Some strategies works until market change its dynamic which can happened after weeks/months. I know people that double/tripled portfolio in few months just to go bust right after.

Inflation is going down because of a bullwhip effect and a recession that we are most likely already in. Thats normal and temporary. Sooner or later (most likely later becasue its a slow process) we will see a trend reversal and inflation going back up.

https://www.youtube.com/watch?v=xvyt1d6119U&t=981s&ab_channel=RebelCapitalist

I agree with you. In my opinion interest rates should be equal to inflation +2%. When real interest rates are negative (lower than inflation) its equal to stealing. It does not stimulate the economy, it only causes missalocation of resources and  malinvestment (for example take a loan for 2% and buy real estate that grows 10% per year only due to inflation - housing bubble is ready). Even leaving decision about interest rates to the market is also an interresting idea.  
But no matter what we think about that ... Its not topic where we should discuss it. Its not topic about how high interest rates should be and offend those who think otherwise. Its a topic about current economy situation and expected impact on markets.

I think its good to rethink your strategy. 1970-1980 have a lot of similarities to present. If market is about to act the same and bitcoin will fallow stocks than your strategy will yell 0% up until 2035 while your savings will lose 70-80% of purchasing power (aggregated 12 year inflation). That's what happened in 1970-1980. So saying that you don't care and you will continue to accumulate just shows that I'm right with this:


Decade in which investing was super easy. Just buy the dip and wait max 6-12 month to take profit. Are you ready to wait 12 years to see green numbers on your trades while goods/real estate/cars price goes x3-x5? Are you sure you won't need this money right at the bottom in f.e. 2030?

I'm just saying that investing won't be that easy in next decade (at least that's what seams to be the most likely scenario).
There are also a possitive scenarios but in my opinion less likely. For example scenario in which bitcoin will fallow gold price and gold will act like in 1980 (pump 30x). all i'm trying to point out is that stategies that worked in 2010-2022 may not work in 2023-2035. Just be carrefour. Take profit, invest only the amount you will not need in next decade (not 1 year like it was before).


Noting is certain. There are only a propabilities.

I think the market is like a swimming pool and someone just do a bomb jump. What we're seeing right now is the first wave followed by a rebound, a pullback, before the next wave until the water surface calms down. The most likely is that the disinflation we see is nothing more than a bull whip effect which is a temporary phenomenon.
Last two high inflations periods in US (1940 and 1970) had 3-4 inflation/disinflation cycles. From 1967 to 1983 inflation pumped to 6.2% dumped to 2.9%, pumped to 12.2%, dumped to 4.9%, pumped to 14.8%, dumped to 1.1%, pumped to 6.3%.

No, this is not this type of chain I guess but I'm not 100% sure what you mean by "AI contracts". But its a coin that can gain popularity with current AI hype. Not sure if possitive.


Finaly a decent update.

High inflation. Interest rates at 15 years high, war, 0-covid policy in china, broken supply chains, energy crisis. Everyone expected a recession. Everyone expected a crash. Everyone expected the asset price to go down. Bitcoin to reach 10k$.
There was only one thing bothering me. If everyone expects declines, who is supposed to lose on it? Who is the preson that will jump out of the window at the bottom? It seams that everyone will be taking profits from shorts that day. A few days ago I got the answer and I wanted to share it with you.
Just after SP500 broke a downward trend and the internet was flooded with such articles:

"A Bull Market Is Coming. Here's How to Prepare in 2023."
"Jim Cramer says we're in a bull market, so buy on the dip"
"Are we in a new bull market for stocks?"
Here on bitcointalk, everyone is saying goodbye to bear markt too.

And all supported by a soft landing narrative:

"Analysis: Fed feeds Wall Street's soft landing hopes"
"U.S. jobs report breathes life into Fed's 'soft landing' scenario"

Soft landing - Avoiding recession thanks to the great work of the central bankers. They took here, gave there, and suddenly the problem was magically solved. At least that's what they want us to bealive in.

You know what's crazy about this?

"Fed chairman projects 'soft landing' for U.S. economy - Business - International Herald Tribune" - https://www.nytimes.com/2007/02/15/business/worldbusiness/15iht-fed.4605930.html  - from February 2007! this is an article that, with some minor adjustments, might as well come out today. We have exacly the same narrative now. February 2007...



Just over half a year later, after "soft ladning narrative", the index plunged by 60% and the world faced the GFC (great financial crisis)

Suddenly I found the answer to who will lose ... as usual everyone. Those who now predicted the crash will lose on shorts, which are just about to trigger a margin call, and those who believe in soft landing will lose in six months on the crash, when they will buy on the FED pivot event, at the top of rally. They are probably still waiting with their investment because of "buy the pivot' narrative that is also very popular.

“The stock market is never obvious. It is designed to fool most of the people, most of the time.”
— Jesse Lauriston Livermore

Maybe we can avoid a recession and a solid stock market crash. I don't think anything is 100% certain. I just think it's highly likely its not over yet and we'll get hit really hard once again. Personally, as I have written many times on the forum, I expect a few green months before more serious declines:


Maybe not until April, as I wrote in December, and a few more months? Maybe Sp500 will break a new ATH in these few months and bitcoin over 40k? The exact timing is just hard to guess. At the moment, however, everything indicates that soft landing is a lie and the crash awaits us in 2023. Maybe in October, considered the month of crashes?
"The October effect refers to the psychological anticipation that financial declines and stock market crashes are more likely to occur during this month than any other month."
https://www.investopedia.com/articles/financial-theory/09/october-effect.asp

Why is the Fed lying? Because it must, otherwise the crash will be much stronger, because it will be intensified by human fear. They themselves mention it in this document:
"Nevertheless, as FDR might have pointed out, it can only make things worse if investors not only fear the prospect of a recession, but at the same time, are spooked by that fear itself,"
https://www.federalreserve.gov/econres/notes/feds-notes/dont-fear-the-yield-curve-reprise-20220325.html

Don't fomo, don't buy on the "fed pivot" event, don't trust mass media, don't trust FED. Its possible we are in 1970-1980 type of markets right now. 10 years of going sideways with new higher highs and lower lows. They will try to make you buy the top and sell the bottom.

Galopująca inflacja. Stopy podnoszone do góry. Rozpacz w prawie każdym gospodarstwie domowym z kredytem o zmiennej stopie a takich nie brakuje, bo 2021 rok był rokiem rekordowym pod względem udzielenia kredytów zarówno ilościowo, jak i wartościowo. To na naszym podwórku, ale za granicą wcale nie lepiej. Do tego wojna, 0-covid w chinach, zerwane łańcuchy dostaw, kryzys energetyczny. Wszyscy spodziewali się recesji. Wszyscy spodziewali się krachu. Wszyscy spodziewali się niższych kursów. Potwierdzało to rekordowe odwrócenie krzywej rentowności.

Jedno mi tylko nie pasowało. Skoro wszyscy spodziewają się spadków, to kto ma niby na nich stracić? Kto jest tym, kto będzie skakał z okna na dnie skoro wszyscy wtedy będą realizować zyski z shortów? Kilka dni temu dostałem odpowiedź i chciałem się nią z wami podzielić. Wystarczyło tylko by kurs SP500 wybił trend spadkowy by internet został zalany takimi newsami:
"A Bull Market Is Coming. Here's How to Prepare in 2023."
"Jim Cramer says we're in a bull market, so buy on the dip"
"Are we in a new bull market for stocks?"
Tu na bitcointalk też wszyscy żegnają już bear markt.

A wszystko poparte narracją soft landing:

"Analysis: Fed feeds Wall Street's soft landing hopes"
"U.S. jobs report breathes life into Fed's 'soft landing' scenario"

Soft landing, czyli miękkie lądowanie. Uniknięcie recesji dzięki wspaniałej pracy bankierów centralnych. Tu zabrali, tam dali i nagle problem magicznie rozwiązany.

Wiecie co jest w tym niesamowite?

"Fed chairman projects 'soft landing' for U.S. economy - Business - International Herald Tribune" - https://www.nytimes.com/2007/02/15/business/worldbusiness/15iht-fed.4605930.html z lutego 2007! jest to artykuł, który z drobnymi poprawkami równie dobrze mógłby pojawić się z dzisiejszą datą. luty 2007...


Nieco ponad pół roku później indeks zanurkował o 60% a świat zmierzył się z GFC (great financial crisis)
Nagle znalazłem odpowiedź na to, kto straci ... jak zwykle wszyscy. Ci, co teraz przewidywali krach stracą na shortach, którym właśnie zapala się margin call a ci, co uwierzą w soft landing stracą za pół roku na krachu, gdy zapakują się pod pivot fedu, na który pewnie jeszcze czekają.

“The stock market is never obvious. It is designed to fool most of the people, most of the time.”
— Jesse Lauriston Livermore

Może i uda się uniknąć recesji i solidnego krachu na giełdzie. Nie uważam, że coś jest pewne w 100%. Uważam tylko, że jest wysoko prawdopodobne, że jeszcze dostaniemy po głowie. Osobiście, jak pisałem już wielokrotnie na forum, spodziewam się jeszcze kilku zielonych miesięcy przed poważniejszymi spadkami:


Może właśnie nie do kwietnia, jak pisałem w grudniu a jeszcze kilka miesięcy więcej? Może Sp500 wybije jeszcze nowe ATH w te kilka miesięcy a bitcoin ponad 40k? To akurat ciężko trafić. Możliwe. Na chwilę obecną wszystko jednak wskazuje na to, że soft landing to kłamstwo a krach czeka nas jeszcze w 2023 roku. Może w październiku uważanym za miesiąc krachów?
"The October effect refers to the psychological anticipation that financial declines and stock market crashes are more likely to occur during this month than any other month."
https://www.investopedia.com/articles/financial-theory/09/october-effect.asp
A czemu FED kłamie? Bo musi, bo inaczej krach będzie o wiele mocniejszy, bo będzie spotęgowany ludzkim strachem. Sami o tym wspominają w tym dokumencie - https://www.federalreserve.gov/econres/notes/feds-notes/dont-fear-the-yield-curve-reprise-20220325.html
"Nevertheless, as FDR might have pointed out, it can only make things worse if investors not only fear the prospect of a recession, but at the same time, are spooked by that fear itself,"

Podobno przechodzili audyt bitcoinowych środków:


Z tym, że bitcoin to tylko mała część całości i jak zauważył PawGo na takie audyty należy patrzeć z przymrużeniem oka.


Dodatkowo jest jeszcze zdecentralizowane proof of reserve, które może przeprowadzić każy z użytkowników:

https://www.binance.com/en/proof-of-reserves

Ale to też da się zmanipulować poprzed dodanie sztucznego użytkownika o ujemnym saldzie.


Wydaje mi się, że to jakiś mały błąd w kodzie samego CMC i źle wyświetla, w sensie myli giełdy. Fałszywy alarm