What do you mean this is effective for publicity? Poloniex is dying. A hack which costs it more than a hundred million dollars might be the final nail in the coffin. It's mind-boggling to call this well-planned and that Justin is prepared for this. Even given that Justin is that eccentric clown, I don't know how this could be used in his favor.


Whatever they claim should be taken with a grain of salt. If only we can fully know how irresponsible these platforms are, all their claims could be discarded right away.

Was it already complete or it remained lacking? The previous times he mentioned his decalogue, he provided an octalogue and sometimes a nonalogue. LOL!

Anyway, while I agree with many points in his decalogue, I feel like he's exaggerating in his price prediction of Bitcoin. 12 months from now and Bitcoin already hitting $370,000? Come on, that's not realistic. But, of course, such bullish kind of prediction serves him pretty well.

As to fiat's debasement, whether there's Bitcoin or not, fiat is all about it.

Indeed. Why is it a big deal now? For numerous times, the SEC has rejected spot Bitcoin ETF applications. As a matter of fact, they denied all of them. Have we panic sold our Bitcoin? Did Bitcoin stop reaching new ATHs? Of course, not.

Today's rejection means a new application tomorrow and so on until such point comes when one is finally approved. When that happens, the others will also be approved. In other words, it's always a matter of when.

There's no reason to lose hope. There's already a futures Bitcoin ETF in the US. There's already spot Bitcoin ETF in other countries. There's no reason why a spot Bitcoin ETF won't get into the US market.

Justin Sun seems to be gifted; he's got the opposite of the Midas touch. LOL! And he also gets to remain nonchalant despite another debacle, this time happening in his other platform. It must also be another gift.

He seems to have been well prepared for this that he's just recycling his old script. Having your platforms hacked one after another has certain advantages; you just have to Ctrl+C and then Ctrl+V, rephrase a little, and, voilà, there's your familiar statement.

Anyway, for the nth time, everybody's reminded of the dangers of centralized exchanges.

You are of the reasonable side, OP. Certainly, you aren't filthy rich. Don't cite me on this because neither am I, but to be really rich is to pay enormous amounts of money for things that otherwise cost only very little.

I'm sure there are dishes out there that are served in very small amounts-- less than a mouthful in fact-- on unreasonably large plates that are very expensive.

To a certain extent, being rich means flying away from reason. Again, I've never been one, so you can challenge me on this, but there is no other way of explaining how a golden toilet paper, for example, is made and actually sold for $1.3 million.

Before, I wanted to buy apparels with Bitcoin designs. I was discouraged by certain reasons including this possibility. It somehow changed my attitude. Before, I'm eager to dispel doubts of friends and acquaintances on Bitcoin. Today, I prefer to remain silent most of the time. If I share a little knowledge, I prefer not to be too spirited or enthusiastic. There was a time when I wanted to put Bitcoin stickers on all kinds of stuff. Not anymore today. I now avoid being suspected of having so much Bitcoin that I become an attractive target.

Perhaps this situation in Sweden also gives us a lesson or two about openly speaking about Bitcoin. After all, the targets are prominent Bitcoin figures.

This is the tragedy of fiat. Not only is it going to lose value through the years as designed, it also loses value due to incompetence, greed, perhaps necessity as well, and all kinds of abuses by the government. All in all, the speed at which our money loses value makes savings worthless.

And this kind of problem prevalent in fiat can be traced back to the very day this soft money has taken over. Another problem that this fiat standard caused is the discrepancy of worth between different fiat currencies, as illustrated by the ratio of your Naira to USD which changed from 150-300 Naira per USD to more than 1000 Naira to USD after just a few years.

This is innovation indeed, but still well within the fiat system. This isn't, therefore, a big deal as if it's something that could compete Bitcoin. In the first place, this is an initiative coming from the central bank. Moreover, this would be rolled out in partnership with traditional banks. There's nothing very special about this. But, of course, we always credit the Swiss Franc for being innovative and for integrating new technologies to its function and development. But the Swiss Franc would only return to its old glory if it goes back to the gold standard. For as long as it follows the debt standard, it remains more or less equal with the rest of the fiat currencies.

Well, perhaps Jake Paul is indeed trying to become more of a real fighter than just an exhibition boxer. But, of course, while he's now choosing a real boxer this time around, he makes it sure that he's going to be an easy opponent. Hence, a smaller fighter, an old one as well, who is pretty much unknown in the boxing world with less experience, and who has just returned to the ring after some 3 years of inactivity. That's Andre August. But he's probably an improvement in Jake Paul's opponents.

You're not alone. As a matter of fact, I guess many of the latest Bitcoin supporters only perceive Bitcoin as a speculative asset or a new investment option. In other words, they are only looking at Bitcoin's USD price. It may not be their fault as they might have been first introduced to it through its price itself, but I hope they will also realize later on that Bitcoin isn't just that. In the first place, Bitcoin is the kind of hard money that the world badly needs now. It has implications in economics, privacy, governance, freedom, human rights, and so on. Isn't Bitcoin interesting?

We never learn from experience, that's why history keeps on repeating over and over again.

It makes me cringe how some people put so much trust on Binance, and other centralized exchanges and platforms for that matter, that they believe it will allow them to withdraw their funds before completely shutting down. That's too naïve of them.

How is that even possible? A centralized exchange going bankrupt but allowing its customers to withdraw their funds first before finally closing down? Are they serious? Do they even know what bankruptcy is? Are they even aware that those centralized exchanges that collapsed were still operating despite insolvency?

This is the first time I've heard of somebody who wishes to use a mixer for USDT. Mixer is for privacy. USDT is the opposite of privacy.

Anyway, I've searched a bit and read about The Crypto Mixer and also USDT-mixer-obfuscator.com. I haven't tried both, so this isn't a recommendation. I don't vouch for them. I can't even access both of them from my location. But you might want to learn more about these two USDT mixers.

But if conversion to XMR serves the same purpose, why the need for a mixer?

This isn't a Bitcoin discussion, by the way.

The average monthly income here is around $270. That's according to a survey. I have doubts. It could actually be lower in reality. Before anything else, please note that the income disparity in this developing country is very wide, with the top 1% earning 17% of the national income while the bottom 50% shares only 14%.^[1]

Although this could highly vary from one place to another, in my city, you can live with more or less $4 a day for food. That's composed of rice and one dish, either meat or vegetable or fish. That's if you prefer to eat at a lowly eatery.

With this income, you still have enough money left for your other expenses like rent, fare, and so on. But you are barely living. Figuratively, you're not even living; you're merely existing. But that's the general condition of the working class here. You wake up, go to work, go home, sleep. You repeat that until you die.

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[1] https://www.worldbank.org/en/news/press-release/2022/11/24/ph-reducing-inequality-key-to-becoming-a-middle-class-society-free-of-poverty

The one thing I probably don't find interesting with Ark Invest's Cathie Wood is her overly bullish predictions. She must have her own analyses, of course, but she doesn't seem realistic. As a result, she sounds like she simply wants to cause a FOMO especially among institutions. She was wrong before and has already admitted that they had to temper their assumptions. But even so, they're still convinced that the price could still grow above a million dollars within this decade alone. I highly doubt this, although I wish she ends up proving me wrong.

It's funny how we're starting to mistrust our technologies. But I guess that's just what we need to do in order to protect our privacy. If only we can avoid all of them. I remember the scene in the movie Snowden in which Edward has to hide inside a blanket whenever he types his login information. Eyes and ears are always around us. Unfortunately, however, our smart phones and computers are precisely what they are. To a non-techy person like me, sometimes it makes me paranoid.

I haven't heard of this news. Thanks for sharing!

Well, what can I say? This news sounds cute. A town with only 330 people, a police chief who requested that his salary be paid in Bitcoin, and a city commission approving it. That sounds really fun.

In 2013, not many people have heard of Bitcoin. But it seems to me Chief Vaughn didn't have much work to do that he probably had a lot of time to update himself with what's new. He probably studied it deeply to the point that he even requested that he be paid in Bitcoin.

Did Vicco have a nerdy police chief? LOL!

Do not gamble if you are depressed, guilty, feeling desperate, or whenever there's a strong emotion running inside you. You can't gamble when your focus is on something else.

Also, if you are not rich, don't go to a casino or a gambling club bringing so much money. In other words, don't bring with you money which you can't afford to lose even if you're only planning to gamble a small portion of it. If possible, bring only what you intend to gamble. That would also mean you shouldn't be carrying with you your credit and debit cards.

Not yet at least. But the general direction is probably going there. With China's labor cost going up higher and India becoming one of the main options for companies exiting China, the potential is there. Not to mention that India is already an industrialized country, its people very able to cater the needs of a globalized world with its English proficiency, its socio-political environment much healthier, and so on.

It doesn't help that China's economy is imploding and its huge real-estate market seems to be in a state of crisis. Problems are rising in the red country.

There are multiple factors at play in assigning value to Bitcoin. Bitcoin's features are to be considered, of course. The process of producing Bitcoin will have be considered as well. It's not just Bitcoin's decentralized system and limited supply that count but also the fact that a coin costs energy and technologies to produce. Another factor is its relevance and alternatives. Are there other options for those who wish to enjoy the benefits provided by Bitcoin? Is there an urge for people to get into Bitcoin? I think these are all factors, among others, in giving value to Bitcoin.

I think it should be made clear to beginners right from the start what a currency means. A currency is money, a medium of exchange. Cryptocurrency has already grown into something else. So it cannot anymore be defined simply as digital currencies. In the first place, the huge majority of cryptocurrencies nowadays aren't acceptable in any store anywhere in the world.

Second, we have this common assumption that crypto is decentralized. It isn't. There are so many cryptocurrencies that are centralized.

I guess we should avoid equating Bitcoin with cryptocurrency. Bitcoin is cryptocurrency, the real cryptocurrency. But it cannot be vice versa. Not every cryptocurrency is Bitcoin. Others may be saying Bitcoin, not crypto, but I don't agree. Bitcoin is crypto. What is not crypto are those shitcoins claiming to be such.