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No offense, but by the looks of it, it seems like having an app of your site is totally unnecessary. I mean, your site is pretty much a blog. It's not like you're running a web app or something, or am I missing something here?
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As we all know, bitcoin has been going up A LOT in price recently; And, friends and family asking us about bitcoin is pretty much inevitable, especially by the time we break all-time highs. This morning, a friend of mine sent me a message on social media. Non-verbatim: " Hey, I finally bought some bitcoin! What wallet do you suggest that I'd use?" And as per tradition, even when responding to newbies on Bitcointalk asking about which wallet to use, it's like my fingers automatically typed in "Electrum" by reflex. I then thought about it before I tapped on send— "Why the heck don't I suggest using a Lightning Wallet instead?". Since we already have Lightning wallets with great UX like Phoenix[1], Breez[2], and BlueWallet[3] anyway? If we want lightning adoption, why not make it a general recommendation for the beginners, right? Now, I definitely don't find myself the best in terms of technical stuff, and a lot of people here are definitely smarter than me especially in the technical stuff. So here's the question: Is there any reason why we shouldn't be starting to recommend lightning wallets to the beginners? Instead of the typical recommendations like Electrum, Mycelium, Blockstream Green, BRD, etc? Is it still "risky" at this stage? P.S. I created a topic months ago concerning one of the Lightning wallets I've mentioned: Topic: Opinions on Phoenix Wallet?
[1] https://phoenix.acinq.co/[2] https://breez.technology/[3] https://bluewallet.io/ |
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Seems to be the narrative for this halving's bull rin: "Boomers changing their minds on bitcoin".
Props to her for actually changing her mind and publicly announcing it though, in contrast to those kind of boomers who doesn't want to change their mind because of their fragile egos.
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Technically speaking, by established norms for determining such, HEX is not a scam. It is, however, a giant shit token, and this picture is all you need to know about what it does. The only thing you can really do with HEX is hope other people buy it at a higher price than you so you can sell it to them. Let's not fool ourselves: this is the case with many cryptocurrencies, but if the end goal of creating something is to profit from it then that thing doesn't necessarily have any value at all.
Its smart contract uses a novel algorithm for generating interest when staking, but other than that it is completely useless.
So, join the HEX sig campaign if you must, but knowing who Richard Heart is and what he's all about, I wouldn't expect any sort of payment in return. Seems like a needless gamble to me, but that's just me.
Sure, a lot more of a scheme like what NeuroticFish said. Hence why I didn't use the word "scam" even once on the main topic. (take note that I originally posted this in the Meta section, this just got moved by a mod/admin). As for Richard Heart, if he actually funded a signature campaign, I'd actually think he would pay due to potentially how much money he have made through this scheme anyway. If anything, paying for a campaign might be just pennies for him. But in this industry, he's probably one of the last people I'd like to support. |
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I don't think there are even good books about cryptocurrency investing in general(and I personally don't even suggest investing in cryptocurrencies in general besides BTC). I'd suggest reading about investing in general though. The Intelligent Investor by Benjamin Graham is good in my opinion. It's just that it can really be a boring read most of the time, but the knowledge you get from it is really really great.
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Participants don't care about the identity of the HEX token or anything even though it is hated by the community, because they will get BTC as payment. They don't think it's risky at all about the price of their salary.
But, this will be a new promotional scam concept, free promotions for at least a few days tricking unlimited higher rank participants who are starving with BTC paid campaigns. Scammers create an account on behalf of or resemble a certain project, then opening a signature campaign on the forum with the most expensive BTC payments (who cares) and the admission selection schedule is longer while the project owner doesn't admit that it's official.
Then participants started joining and waking up their sleeping alts to join without hesitation. Start wearing signatures and posting early for a greater chance of getting accepted. This kind of scam only deceives blind people about scam warning, I feel sorry for them but chuckled.
Pretty much. Though I really can't blame them that much(because poverty and all that), but still. Just made this topic as a quick PSA that hopefully they try joining the decently reputable ones instead, and also as a quick PSA for people who doesn't know how shady HEX is. |
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i see yes and i guess the volatility is just the price we have to pay for all other good things what does the btc have.
Pretty much. In the first place I don't think you can really have something decentralized enough that has it's value pegged to the US dollar. On the bright side, at least BTC's volatility is mostly to the upside. 🤷♂️ |
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so wich stable coin can not freeze funds? pax? dai?
Only DAI/SAI as far as I know, but there are other risks concerned with the project. The government could literally force the MakerDAO team to change some stuff in the code. who the hell have rights to touch my funds? lol what about peoples privacy? thats cryptocurrency is all about.
Well, they are a custodial after all. You're using their service. if they do so much bad things with crypto guess what ? we can all leave crypto and cash is king again.
I mean, this is literally why we have Bitcoin lmao. Most of "crypto" is BS. |
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i think not btc not even eth or even xrp can not help us with middle men problem.
i think stable coins like USDT can be better
USDT can work really well, until they freeze your funds. They're literally a middleman. 🤷♂️ PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets https://bitcointalk.org/index.php?topic=5204055 |
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That's the problem, that's the main problem that we need to change because most of the businesses are settling in using cash for their businesses. We need to change that mindset because bitcoin is good for investment, buying bitcoin is good but it does need a lot of courage when dealing with risks. Bitcoin is volatile and that's the thing that are holding them back before engaging to it.
It's literally not a problem. How is using your company's cash to grow the business a "problem"? So you buy bitcoin, then what? Just wait? Instead of actually investing in your business to grow it? If I allocated my non-bitcoin related business' funds(instead of my personal funds) into bitcoin, I'd give everyone a permission to give me a good slap in the face. |
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I have just made some research. It is quite interesting that this token is listed on coinmakercap and Hex has gained a huge bull recently https://i.imgur.com/5gV99jC.pngIt is going up, at least for now. The thing though is, it has a liquidity problem — a sort of artificial one; because the token holders are incentivized to lock up the funds to earn interest, hence probably why it's going to be easier to prop up the market price. They cant just sell the tokens whenever they want(or use the tokens for anything else lol), because they'll be penalized if they sort of "unlock" the tokens if I remember correctly. |
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Aren't all alt coins? Can't say I've heard of this one though or think I've seen their signatures.
I mean yea of course. But this is a special case of shadiness, multiple times worse in my opinion due to their extra shady marketing; pretty much at the same level of those scammy investment sites. As for their signatures, I only saw two in this one thread[1], hence why I looked for their campaign topic.
[1] https://bitcointalk.org/index.php?topic=5286807 |
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If you mean the latest signature campaign, I've read here that it's not endorsed by Richard Heart so it may be a scam. Also from my (small) knowledge on HEX, even if one tries now to get free HEX now, he'll get under 10% of what he would have received one year ago. Of course one can argue that 10% of 0 equals 100% of 0, but that's another point  So from what I understand the only ones that'll earn anything would be those offering ref links. But I don't know if/how good will they be able to sell their earning and I somehow doubt that this can cover paying for signature wearers. But maybe I'm missing something... Taking a look at their signatures, though I don't see any referral links, it could just simply be a campaign for popularity(and obviously to gain token buyers). There's more shadiness to this than just the referral links. Take a few minutes and take a look at their website (hex.com). |
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A signature campaign thread was posted just days ago; specifically, a campaign promoting the cryptocurrency "Bitcoin HEX". If you didn't know by now, HEX is founded by one of the highly controversial(with good reason) "cRyPtO iNfLuEnCeRs" named Richard Heart. In summary, it's pretty much just a get rich scheme to enrich the founder. Personally, I wouldn't necessarily dislike the project if it was just created and advertised as a fun experiment, with a 1:1 snapshot of the Bitcoin blockchain. This one though? Nope. Though you could claim these "HEX" tokens by signing a message using your bitcoin wallet, well, the founder conducted an ICO for obvious reasons.. and that's just the tip of the iceberg. Now, obviously I don't necessarily condone joining signature campaigns(because I'm obviously in one) unless you're a spammer; but you might want to carefully pick what you're going to promote if you were to join one. If you want to dig deeper: Happy hodling! (of BTC, obviously), and congratulations.  |
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Fortunately in the Philippines, we have this local exchange called Coins.ph. Pretty much like Coinbase, but on steroids— we can use the funds in that wallet to buy through Lazada and Shopee(pretty much the Philippine version of Amazon).
Also, take note that you don't necessarily need to be using bitcoin to pay for stuff "use" it. You're using bitcoin, specifically taking advantage of it's scarcity aspect, by just holding it.
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" A Biden win means a win for corruption and the Deep State so I would expect Bitcoin’s price to bolt higher as people panic-buy unconfiscatable Bitcoin before Biden’s socialist, jackbooted thugs start confiscating everything in a replay of 1938 Kristallnacht." Take his statement lightly though. Though hindi natin alam kung ganito ung mangyayaring sitwasyon, malaki laking speculative claim tong sinabi niya. In my opinion it wouldn't be smart to make bets based sa information na to. I'd say if bullish ka sa bitcoin long-term, continue stacking regardless kung sinong maging presidente.  |
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Because a lot of these companies instead(ands hould) use their cash to actually grow the company, not to buy speculative assets. If they were to buy things that they just think would go up in value, then they should've just started an investment fund instead.
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Satoshi is laughing like hell about the human race seeing how his radical idea of decentralization and "being her/his own bank" is willingly moved into hands of ugly centralized monsters.
I'm pretty sure this was totally expected. The thing is, bitcoin has different use-cases. Some people like us use it for "being your own bank", and some people just wants to use it as a hedge or for speculative reasons(the people leaving them on custodial exchanges). |
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1. Grayscale is a fund. Though yes, they technically have a hold of the coins, but people invest in their fund to have exposure to bitcoin. So technically, it's not theirs, they just hold the coins.
2. Rich people will have huge amounts of coins. So? Bitcoin isn't here to fix financial inequality.
3. Not well adopted because it's too expensive? Let's not forget that bitcoin is divisible, and scarcity is actually an advantage in this case.
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