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81  Other / Beginners & Help / Re: in my opinion don't buy crypto at high prices on: February 13, 2023, 02:40:09 PM
There are a lot of reasons people buy when the price is going up and it depends on when they're investing as to what they're doing or trying to get out of it. If they're investing because it's in the news then it's likely the price has done a lot better than whatever the journalist that wrote that article expected. If it's because more people are discussing it or something then it's likely the price has done the same too.

I'm guessing there are a lot of people that ride crypto bull runs and then sit on the sidelines once it drops off and they've had their last sale just waiting for a better opportunity to buy. There may be arguments most cryptos become more secure as they're rising too (there's more people watching them too see if there's vulnerabilities and normally more miners as well).
82  Economy / Economics / Re: Anyone here into passive investing (of their time)? on: February 13, 2023, 02:23:43 PM
In case of Youtube, a lot of people do well or better when they become notable enough to do collaborative videos with others who are also big in their area (or a different one).

For written content such as websites, I imagine blogs do a lot better when they have a large back catelog to be picked up by search engines (essentially, they've written a lot already and have a lot of articles).

Good investments with crypto normally happen when you've been around the space for a long time, know what to look out for and then find something interesting you decide to research (this is normally what I've experienced). Both a lawyer and a surgeon have to take a lot of time to perfect what they're doing so they don't mess up and end up ruining someone else's life, the same could be true of investing if you invest more than you can afford to lose, don't understand what you're doing or are trying to chase large returns from the promises of a medium article or a dev team who says their coin will do well...
83  Other / Meta / Re: Forum PM feature adjustment on: February 13, 2023, 02:06:18 PM
I don't use PMs that much but it might be helpful to include a design of what you'd expect for someone who does.

You have forwarded or responded to this message [link]here and [link]here. Where link is a hyperlink to action=pm;msg=messagenumber

You could then also change "here" for the subject you set the message as too.

Conversation view is a good idea but I don't think it'll be easy to develop unless someone knows php and smf well and does it.
84  Alternate cryptocurrencies / Altcoin Discussion / Re: Breaking: Paxos reportedly ordered to stop issuing Binance USD on: February 13, 2023, 01:59:59 PM
The last word hasn't been spoken here yet if I understand correctly that Paxos has 30 days to respond and convince the SEC otherwise.
What I find a bit odd is that BUSD gets targeted first. What about Tether and USDC? This may just be the beginning of a wave of lawsuits against stable coin providers. I do get Armstrong's point that attacking regulated stable coin providers will only lead to people using offshore services, thereby increasing overall risk.

As a bit of a lucky bunch, I reckon it's the worst stablecoin for actually being backed by anything of value. USDT recently publicised it's financial statement to the public for last year (I think) I saw it in another thread recently, USDC is managed by coinbase and another firm so it seems the safest of them all. (I've excluded dai as I don't think I fully understand it).

There's also the case that binance said any usdt or usdc deposited there would be converted to busd, I think that also makes it much riskier than usdc and usdt because of that (you're relying on multiple assets).
85  Economy / Economics / Re: Economic implications of a US-China-Taiwan conflict on: February 13, 2023, 01:42:41 PM
No one prays for war, but the USA-China war might be counting down in years, and many of the US top military personnel have confirmed it. I will only blame the world for this by giving China undue power economically, which might, in turn, alter the balance of the world. The two countries I fear most aside from the terrorism-inflicted countries are China and Russia, while the latter has shown the world how irresistible it is, China is only waiting for opportunities. And with their economic power, they can do and undo, but the implication of the Taiwan invasion will be minimal economically since the world does not depend on Taiwan the way they depend on Ukraine for supplies of sunflower meal, oil, seed, wheat and many raw materials.

And you're saying we need food more than computer chips?  That's probably accurate. Not sure how well they can be produced elsewhere either.



A China US war would have a huge impact on most international relations and would probably strain them. I don't know if China could handle a them against the world war though if they did try to start one with the US (I don't know how many countries are friendly with either but hopefully we don't have to wait to get a repeat of what happened in the second world war of people assisting invaders until they realised they were worse than what they already had - eg stealing resources, political power etc).
86  Other / Meta / Re: [REQUEST] Tor .onion v3 hidden site on: February 13, 2023, 01:33:57 PM
It'd make sense to get an onion version of the forum in some ways but it'd have made this place harder to find for newbies. I can think of a few reasons an onion site could be favoured over the current one but there's a few drawbacks too (like not getting a pretty address, being poorly indexed by search engines - even if we already are).

DoS attacks remain on tor and can strike still too (I also don't know how using tor compares to using multiple vpns in series).
87  Bitcoin / Bitcoin Discussion / Re: Arguments for Bitcoin against UPI? on: February 12, 2023, 11:54:25 PM
People collectively not using something means it probably has gone badly wrong, and even then there aren't many places that accept bitcoin and don't accept other crypto like usdc, litecoin or eth.

I think there's a demand from poorer individuals that it could hedge against inflation and store value much better than their native currency (even if it doesn't do it over a medium period of time they get a warning before it dumps normally and can sell or find a way to hedge against the drop).

There's normally a risk with using centralisated systems that they have much more points of failure where things stop being processed (this might not even be noticed by the average user if they go offline as many try to queue requests instead and pretend they don't have a problem) but it might become an issue eventually. Also most centralised networks can go offline (as has happened before) so they're much less reliable.

There's also the fees of a centralised payment provider for a retailer to consider. Higher value purchases make the fees a lot cheaper too and might be a large margin to consider for high value retailers (perhaps things like car sales).
88  Bitcoin / Bitcoin Technical Support / Re: BTC LIGHTNING NETWORK help please on: February 12, 2023, 11:33:56 PM
You might have better success going to their support and asking them since it's fully custodial (you don't control your keys, you're jus tusing their channel).

If they don't know what's going on, are you sure the send succeeded on the senders side? Have they shown you a screenshot of it succeeding?
89  Economy / Economics / Re: BTC Silver and Gold on: February 12, 2023, 11:30:54 PM
I don't think Gold has much of a hedge against inflation but I might be on too small a time frame (the last 5-10 years).

I think stocks are the next best thing after crypto as long as you can find good stocks to invest in or invest in a diversified way. Jewellery likely acts as a hedge against inflation much better than gold and silver do on their own (turning raw silver into jewellery seems like it could be difficult though).
90  Economy / Trading Discussion / Re: In need of good trading teaching video link for beginner on: February 10, 2023, 08:46:53 PM
What are you looking for or at?

I can't find the link I used to use to get a lot of information but the most important place you should start from is looking at support and resistance and then trading it on SPOT (or paper trading via sites like telegram or even making a spreadsheet for it).

Technical and fundamental analysis often does just OK (fundamental does well if less people are looking at the news you've found or price hasn't already reacted). Videos might be a bad place to look too compared with other resources available online (like lecture slides or worksheets).

Trading take a long time.to learn and a lot of dedication, don't expect to be good at it and don't gamble with more than you can afford to lose..
91  Alternate cryptocurrencies / Altcoin Discussion / Re: Tether reports $700 million Q4 net profit in latest attestation report on: February 10, 2023, 08:38:25 PM
Didn't tether seize assets in relation to tornado cash? I wonder if that's considered profit or if they had to hand over that money to somewhere else.

I don't think 1% is the most efficient rate they could've got either if they were holding liquid assets like bonds. Also it feels pretty risky to promote you've made a profit if you keep doing it and then go silent one quarter when you make a loss and kill off the token's value (even if they can buy it back, you might have to kyc and who wants to be doing that). Considering the detail of their balance sheet they've probably got quite a few employee salaries to pay so I guess there's that (meaning they might've made 3-5% instead which is what I'd think is reasonable if they're investing all their assets in treasury bonds or ~20% in corporate bonds).

It may sway opinions with most governments though like you say on how much and how well they should be adopting crypto.
92  Alternate cryptocurrencies / Altcoin Discussion / Re: Best safe places to get USDC or DAI Interest? on: February 10, 2023, 08:23:22 PM
Have you got any experience with crypto? If not then trying to earn a safe yield off stables without risking your entire portfolio to too much risk probably won't happen.

If you do, finding a liquidity pool to stake in is probably your safest option (rewards can go up and down throughout the week - find a network and pool provider that's trusted and has low fees). This is the least risky option I can think of but it still exposes you to risk (mostly from the code of the smart contract you're using and any vulnerabilities in it as well as the other issues I mention).

Holding stablecoins is still a fairly risky business as you're exposing yourself to one centralised authority (most of the time).
93  Bitcoin / Bitcoin Discussion / Re: People will choose bitcoins more if the number of cryptocurrency option is less. on: February 10, 2023, 08:14:33 PM
They'll learn from their mistakes soon enough. Bitcoin is well known, a lot of people buy alts for silly reasons too (like "i can buy a whole one" when talking about alts like bat and doge).

Ultimately, if and when their coins start crashing they'll have to sell up and move to somewhere safer like bitcoin (or leave) but I'd assume those people would be more likely to pick bitcoin then anyway.
94  Alternate cryptocurrencies / Altcoin Discussion / Re: How to deal with shitcoiners without being harsh about reality. on: February 10, 2023, 09:31:27 AM
Can you please detail for me what happened around 2017 with Eth?

Over the course of 7-8 months, eth went from reaching an ath with bitcoin of 0.156357 btc per eth in June 2017, by the end of December 2017, the price had reached a low of 0.023121. This is according to the data bitfinex gave tradingview at the time it happened. Afaik it got a lot worse on other exchanges too.

As if that wasn't it, the price took off again against btc to go over 0.12 just 2 months later (by the end of February 2018) before plunging even further dowards to a range of 0.017-0.04 until May 2021.

The fact technology has come to replace eth and it's still going strong says a lot for its community (I wouldn't call it good, I'd call it a lack of critical thinking).
95  Bitcoin / Bitcoin Technical Support / Re: The benefit of serving as a node on: February 10, 2023, 06:05:39 AM
I think one of the main advantages of having your own node is reducing the chances of your wallet addresses being linked together (as they can be linked when using spv wallets like electrum by the server you're connecting to). If you connect to an spv client without a vpn/tor they may be able to link those funds to your physical location too (there's nothing to suggest this has ever been done yet though).

Well, since Bitcoin Core traffic is not encrypted, unless you are connecting through Tor then you will leak all the transactions you are sending which can then be correlated to your IP address and location. In the case of a datacenter location, people can phone the operator and get the real customer in most cases.

I don't think linking your transaction to your ip actually happens for the average user. Your node only connects to about 10 nodes and those nodes then reach the other few thousand nodes so no one would really have an accurate picture of what your ip the transaction correlates to.

Block explorers also got rid of that as a function and I think it might've been because of them receiving most transactions from the same few nodes (they also didn't seem very accurate - "relayed by 0.0.0.0" I saw a few times on blockchain.info).

Obviously if you're not using a vpn and/or tor your ISP and the nodes you're connecting to are likely able to know you're hosting a bitcoin node and can your location/bill payer's name from that.
96  Alternate cryptocurrencies / Altcoin Discussion / Re: How to deal with shitcoiners without being harsh about reality. on: February 10, 2023, 05:50:14 AM
You could always find a top 10 list from a few years ago when things looked a lot different and see how comfortable they are with their investments then.

You could show them what happened in the months after eth went to 0.1 last time (a few years ago, perhaps before or around 2017).

I feel eth and a lot of the eth based alts are well overvalued and I don't know why devs had an obsession with making so many alt chains of one coin. There are altcoins, though, where this is the case that seem to have a large and thriving developer community so you might want to consider that too (shorter term holdings are a lot safer but still risky).
97  Bitcoin / Bitcoin Discussion / Re: What's happening in The Central African Republic? on: February 09, 2023, 09:19:19 PM
Simple: they talk about cryptocurrencies not Bitcoin. Bukele knows better than them...

Yeah... But maybe they don't. A 15 person task force sounds small but perhaps making suggestions that get them in the media might make people know they exist.



I think a CBDC that comes out of CAR would be very corrupt and highly centrally controlled and manipulated for what they want. El Salvador and CAR should probably both have made their own tokens to attract investors as well as recognising bitcoin as legal tender (they can easily do both of those and actually look like they're getting somewhere).
98  Economy / Exchanges / Re: Localbitcoins closing down on: February 09, 2023, 05:04:34 PM
Makes me glad that I didn't do any KYC with these goons. Before you can trade, they ask for all kinds of stuff including ID cards and SSNs (if you are an american). Who knows what is going to happen to these documents once LocalBitcoins is gone or whether they will even securely destroy them.

I think they were partially a victim of regulations and being stuck where they were physically. There's a lot of countries they could've easily moved to that has fewer regulations, but no, they stayed in one of the first countries that decided to enforce them (Finland).

Doing trades on there before kyc was really slick. They were a great dex when I used them (similar in style to bisq now iirc) but then regulations came...



Is this going to be like when Purse.io tried to close or a lot of other sites in crypto? They're either: closing, wanting the free ads, wanting to quit and sell the site (there's probably a decent number of buyers out there especially if they can keep the name and the brand but go kyc free).
99  Economy / Economics / Re: The fear of global recession is real or just a speculation? on: February 09, 2023, 04:56:36 PM
Inflation is the main factor of recession which US is currently battling now. Global GDP is cause inflation for a long term that might result to hyperinflation if the government failed to solve it earlier. Too much growth on GDP can give a bad effect if left unchecked.

Doesn't a drop in inflation normally cause a recession under some of the criteria (ie gdp could drop if domestic spending falls - that could be a particular problem for the larger and more exposed economies like the US and China but I imagine it'd go further than that and cause something more global).



I wouldn't bet on it but there's been a lot of speculation governments have become better at handling recessions for the people that experience it the most (generally by giving cash or resource handouts - though they seem to be more Conservative/right wing overall now and there's a chance that's stunting growth like it normally does).
100  Bitcoin / Legal / Re: Dubai Mandates Licensing for Crypto Companies on: February 09, 2023, 04:38:52 PM
I'm starting to think regulating crypto firms (or looking like they are) might be something governments are seeing as a bit of a race to enable international investors to see how those regulators are adapting.

Also banning privacy coins is going to be a fun exercise if bitcoin and ethereum make more steps towards going private - I could see that legislation dying either then or by then too.
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