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881  Other / Archival / Re: WasabiWallet.io | Open-source, non-custodial Bitcoin Wallet for desktop on: November 01, 2023, 02:21:21 PM
government-approved, blockchain analyltics-audited UTXOs that are marked clean and free from "taint".

I bet $1000 that you will have any coinjoined bitcoin rejected from at least one centralized exchange, Wasabi or not.


Ask Kruw if he's confident enough that he can assure that that will not happen to Wasabi users.

Get the context of what's being discussed ser. It's not about giving up custody

I am following the context of what's being discussed. You are desperate to take advantage of newbies by convincing them that they should use "mixing sites", which are honeypots of data that can steal your coins:


I'm merely taking about layering the process of mixing ser. What about, send your UTXO's through Lightning, mix/tumble through a mixer, send again through Lightning, then on-chain, then send to Wasabi's coordinator? I believe that could be successful in not getting false positives, no?

In Lightning -> Mixer -> Lightning, what data could a mixer possibly get assuming that the user is using the service behind TOR + VPN?

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To the newbies/plebs. Mixers, the honest services, are incentivized by profit. If they do a good service, then more people will use them = more profit. Kruw is merely having a bad mood because of her period.

I am here (along with Theymos) to warn users NOT to use these centralized "mixers":

For everyone looking to improve their privacy, I highly recommend checking out Wasabi, especially over centralized "mixers".

You can insult Theymos and I by saying we are on our periods, but we are protecting newbs from having their coins stolen or tracked. In the spirit of the 15th anniversary, you should also read the Bitcoin whitepaper and see what Satoshi Nakamoto had to say about trusted third parties:

Quote from: Satoshi Nakamoto
A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending.


Insult? Pardon me, that was meant to be funny, not offense. But about trusted third parties, isn't zkSNACKS' coordinator a trusted third party?
882  Economy / Speculation / Re: 2023 end game sentiment check on: November 01, 2023, 02:03:58 PM
The month of octobar remains positive mostly due to its previous month's usual negative price action. The month of november can be positive or negative but from december to march before the year of bitcoin halving, the bitcoin market shows a correction to liquidate long and short positions is mass before the bull starts its rally. This is historically accurate but this time it can be different though i think history will repeat itself this time too. I don't think the bitcoin price will exceed 40k this year nor will it go down to the $28k level.


Ser, it was what they say as the month of UPtober. But for the month of November, I believe there was a Bitcoin price monthly table that was posted in one of the topics that illustrates that November = MOONvember.

Cool

Plus I agree that there's some probability that Bitcoin crashes before it surges after the halving, BUT that would be caused by something very unexpected. A Black Swan, and there's no point in trying to know because actually knowing before it happened would make it not a Black Swan.
883  Economy / Economics / Re: "Prepare for deflation in 2023" on: November 01, 2023, 11:57:09 AM
I would welcome deflation because of the reasons of inflation that I have witnessed and I think that it would be a good time to accumulate BTC because the prices of daily living would have been reduced, thus enabling more funds to be channeled to other areas.

Currently, the interest rates are higher than normal and I believe the prices of commodities would reduce but interest rates may linger for a duration because once prices go up, it's always hard for it to come down.


I have been around a long time. You see some deflation in electronics and tech. but most everything else just goes up and 🆙.


But those products are relatively still expensive, no? A good, brand new smart phone still can't be afforded by most plebs if they don't have a credit card or any kind of access to credit.

Everyone dislikes inflation... It's hard to argue. But deflation is the "other side of the coin", and noticeable deflation is not a gift either. It's from the realm of "everything seems fine, but it's getting worse and worse every day" Smiley

"Deflation is a steady decline in the prices of goods and services in an economy over a period of time.
As demand falls, companies are forced to reduce production and lower prices. Fewer employees are needed to produce less goods, and companies start laying off staff, which leads to higher unemployment. Increased unemployment causes demand to fall because people have less money."

In this situation, I would favor low inflation, so stimulate the economy and invest the "skinny money"


You're absolutely right, but deflation through recession is precisely what the economies around the world need to control inflation. Because if the Federal Reserve, European Central Bank and other Central Banks around the world won't cause a recession themselves through QT/tightening of the money supply, then inflation will do it for them.
884  Economy / Trading Discussion / Re: Amc stock short case and melvin capital leverage question on: November 01, 2023, 11:42:01 AM
The question is what leverage the Melvin capital used ?  Grin
And why he did not used limit orders to short ? If only using 2x-3x leverage wich i think he did used then just before the liq price to use next limit order with a bit of higher quantity Even 5x Will move liq price way up and it could be safe.
Or did Melvin capital used futures or options trading way to short it ?

Then I think the melvin capital ceo has no knowledge about much of trading ?
Did he learned hard way so next time he Will be better


There are several factors at play in that debacle. Melvin Capital CEO is well versed in trading and he increased his short positions with the confidence that he was shorting GME in much greater quantities than the free float, so even if everyone else went long, there won't be enough shares to push the price against him...


Aren't naked shorts illegal? Plus isn't it required under the law that market makers should always provide liquidity in both the bid and ask sides? But OK, whether Melvin Capital cheated or not isn't important anymore. They were still out-traded by the plebs who coordinated their trades in Reddit, a public forum. Haha.

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However he did not factor in his calculations that the retail community would discover this anomaly, which clearly should have been illegal and proceed to rally against hedge funds to buy all the free float and never sell. Therefore eventually, the increasing borrowing costs of holding a short position drives the shorters to margin calls and bankruptcy, even if they pull the manipulative trick of shorting beyond the free float.


They thought that they already had the market "arranged fraudulently" that they would never lose. Hubris.

Quote

Nevertheless, in another notoriously criminal example of "too big to fail", dark overlords of corporate america stepped in and this time they literally removed the buy button from the then favorite retail app Robin Hood, arguably the most sinister manipulation of free markets ever observed...

Result was GME eventually calmed down and reverted to a more modest valuation, as the holders could not buy anymore but only were permitted to close their positions, so most of the hedge funds could cover their shorts without blowing up (and even profited on the downturn), and Melvin Capital was just the token sheep that was allowed to "fail" to maintain a semblance of legitimacy. Another pure evil chapter from the history of Wall Street...


Plus their Subreddits were banned, which made it harder for the community to coordinate. Perhaps next time they use more than one stock brokers, and coordinate in Discord + Telegram.

Should theymos welcome them in the forum? I believe their plebs and our plebs could learn from each other.
885  Economy / Trading Discussion / Re: Amc stock short case and melvin capital leverage question on: October 31, 2023, 05:19:24 PM
The question is what leverage the Melvin capital used ?  Grin
And why he did not used limit orders to short ? If only using 2x-3x leverage wich i think he did used then just before the liq price to use next limit order with a bit of higher quantity Even 5x Will move liq price way up and it could be safe.
Or did Melvin capital used futures or options trading way to short it ?

Then I think the melvin capital ceo has no knowledge about much of trading ?
Did he learned hard way so next time he Will be better


It was not that the people behind the company didn't know what they were doing. It was Hubris. Because they have gotten very used to winning for so long that they underestimated that a group of plebs from Reddit who were working together could play an institution in their own game, and out-trade them. Plus because of Hubris and believing they won't lose, they kept adding more money in the trade and thought that the plebs of Reddit would stop and give up.
886  Economy / Economics / Re: "Prepare for deflation in 2023" on: October 31, 2023, 05:05:11 PM
Higher energy prices lead to higher prices for the rest of the products and for shipping. For prices to fall and deflation to occur, there must be overproduction of at least oil, but the oil cartel has reduced oil production. Therefore, I personally do not see any conditions for the onset of so-called deflation at the moment


It's not that simple because overproduction also has a cost. If you increase production, the producer has to spend more for more employees, spend more for logsitics, more output, more for storage, which are also inflationary. Plus never forget that there never was inflation in any form that did not expand the money supply. It has ALWAYS been a monetary phenomenon.
887  Bitcoin / Bitcoin Discussion / Re: LastPass hack - move your crypto assets to a more secure place right now! on: October 31, 2023, 06:36:16 AM
Nobody should be using an online password manager; especially when it comes to sensitive information like private keys. There is no reason to trusting intermediaries when you have cryptography. Install KeePassXC on both your main computer and your mobile. Use a strong password to encrypt both password databases. Back them up. Both the databas(es) (digitally) and the encryption pass (on paper).


I never used LastPass, I was actually very surprised that their app doesn't let their users store their data locally. Or do they, and online storage is merely one of its features for convenience and accessability?

But OK, I would probably use something like that for hot-wallets containing small amount amounts of Bitcoin for playing Craps in a casino, but never for storing my Bitcoin life-savings.
888  Economy / Speculation / Re: 2023 end game sentiment check on: October 31, 2023, 06:28:35 AM
@STT. It might also be they do not care because they have already made much money for their needs, wants and for their retirement. The price pumping to another all time high will only be something similar to a bonus hehehe.

In any case, what does everyone think of this speculation? I only found this on social media.




I may sound like a broken record again, but I believe that because of some macro-economic and geo-political conditions, there's a possibility of something unpredictable, a Black Swan that could happen that might get eveyone by surprise. A "Lehman Moment, A Nuclear Strike, another Virus like how the pandemic started during 2020?

But what that truly is though is another golden opportunity to, Buy the DIP and HODL. Bitcoin is priced higher away from the discount level. It's probably good to start lessening DCA and wait for DIPs for bargain hunting. Cool
889  Economy / Economics / Re: Energy Crisis 2.0 in the New World Order era on: October 31, 2023, 05:17:41 AM
.....

I won't argue about the main part - everyone has the right to their opinion Smiley
I will answer the question about the use of weapons of mass destruction, and we understand that we are talking about nuclear weapons.

The fact is that, for example, Western developed countries are categorically against the use, because They are well aware that a nuclear war is a stick that will hit both sides, and VERY painfully and for a long time.

For countries with developed economies, familiar comfort, stability - even a limited blow to their territory will again throw them into a terrible state. They have something to lose, they are against it. But... they may be forced. Until today, nuclear weapons were weapons of DETERRENCE. But today we see that outright terrorists threaten the world with nuclear weapons.

Moreover, they degenerated to the point that they began to threaten nuclear-free countries with nuclear weapons. And it is not surprising that one of the proponents of the concept “the whole world is in nuclear ashes” was surrounded, probably in order to minimize his nuclear terrorist impulses. The second one is of course more difficult. But.. and here China is unlikely to “fit in” with a psychopath waving a nuclear baton. No matter which side China takes in a nuclear war, China will also suffer from a retaliatory strike. It seems to me that for China this is not the best way out of the difficult economic situation that has developed this year....


And that's actually part of the point being made in the topic. China, which is a Nuclear Power, can't make another country, Russia, which is another Nuclear Power, bow down and make it their "slaves". That would be a catastrophe in foreign relations.

Plus China will just put themselves in a bad geo-political situaton. Japan in the West, Russia in the East, and India in the South? Where can China's military go?
890  Other / Archival / Re: WasabiWallet.io | Open-source, non-custodial Bitcoin Wallet for desktop on: October 31, 2023, 05:05:59 AM

Then that's why, layer your mixing/tumbling with other centralized mixers, then the Lightning Network, then back to onchain, then make attempts to mix them further in Wasabi's CoinJoin/centralized coordinator in order to get that "clean, safe, government-approved" UTXOs that are free from "taint".


Why are you so determined to convince people into giving up custody of their coins when there's no reason for doing so? There's only risk added by using the "centralized mixers". Just coinjoin.


Get the context of what's being discussed ser. It's not about giving up custody, it's about layering different mixers/tumblers + the Lightning Network to gain more privacy, and using WasabiWallet's CoinJoin as the final destination if the user chooses, to gain government-approved, blockchain analyltics-audited UTXOs that are marked clean and free from "taint".

 Cool

That's probably better to store in cold-storage, no?

Plus BIP-352 would probably complement layered mixing when it's merged and implemented into the network.
891  Economy / Speculation / Re: 127% Up from Bottom in 2022 on: October 30, 2023, 02:12:38 PM
Many are still bearish and think it will go back but let me tell you, it's not going to stop anytime soon. I hope this HODL journey will be awesome for all of us.

This is bad. I was hoping to see more times to buy Bitcoin at a price less than 30,000, but it seems that the wheels of the train have moved. Let us hope that Bitcoin maintains levels near 30,000 and does not move quickly. In general, until March it reached the price of 40,000 to 50,000. The possibility of 100,000 during 2024 will be very possible.


Truly bad. Hahaha. But there will always be more DIPs and more opportunities to buy Bitcoin at a discount. Although they may not be the DIPs that many people want, those will be the kinds of DIPs that will make it easier for your mental health and sanity because they will form higher lows. Those DIPs won't disappoint you. Cool

Exactly, even if there will be no more really dip, it's always good to buy because, for me, it is better to buy than to miss the opportunities to buy because of too much waiting for the dips.

For me, buying on confirmation is also better than buying with dips, at least somehow you have some confidence to continue the price hike.


The only hope for those people who are not yet well-positioned for the next bull cycle is a Black Swan, which one possibly could happen because of the unpredictability caused by some macro-economic and geo-political conditions that are currently happening around the world. Plus I don't want to be bleak, but I believe World War III is becoming a possibility as tensions in the Middle East rise. There are prophecies written that that's where the next Great War will begin.
892  Other / Archival / Re: WasabiWallet.io | Open-source, non-custodial Bitcoin Wallet for desktop on: October 30, 2023, 11:08:28 AM
Every service, not just mixers, definitely are incentivized to do that. That's why when people using mixers, use them behind TOR and/or VPNs, and layer your OPSEC by using other mixers/tumblers in combination with the Lightning Network and CoinJoin like Wasabi. Plus with Wasabi as the final destination of "the layer", because any UTXO that passes through your coordinator is considered "safe" by government-licensed blockchain analysis companies.

Using Tor or a VPN doesn't protect you against a mixing site, they have full visibility over which withdrawal was claimed from which deposit.


Then that's why, layer your mixing/tumbling with other centralized mixers, then the Lightning Network, then back to onchain, then make attempts to mix them further in Wasabi's CoinJoin/centralized coordinator in order to get that "clean, safe, government-approved" UTXOs that are free from "taint".

893  Economy / Speculation / Re: Buy the DIP, and HODL! on: October 30, 2023, 09:15:51 AM
I don't!, no stash for trading all that just for BTC investment and HODLing so on, how to accumulate using DCA strategy.... 30% of monthly income for BTC investment and the rest for living and other needs.
Nice to see that you've got the status to put 30% of your monthly income to BTC and you're firm in holding that.

You are right with the implication that 30% is a lot to be investing into bitcoin and/or otherwise saving, jossiel..

Most people have trouble saving any income and frequently, 10% of their income can be a reasonable and even a somewhat aggressive target for a lot of people (even though surely some people have more discretionary income than others and if they make a lot of money, sometimes they can live a kind of minimalist lifestyle and end up getting up to decently high savings/investing levels).  Many of the normies can make quite a bit of progress just by going from near or at 0% to 10%, and surely if they can invest/save more than 10%, then the is o.k. as long as their other financial matters are in order.


That would probably be very difficult if you have an "OK" salary, but with a family/with mouths to feed. Finding another shift and a side job to add more income to save and invest in Bitcoin. It's also probably best to have a little urgency to get find more money. Because with the current surge and renewed optimism, we might not get another opportunity to buy the DIPs below $25,000 anymore. Probably something below $30,000? Perhaps. But the actual point is get the most of the opportunities you currently have, especially if you're young and single. Cool
894  Economy / Economics / Re: Energy Crisis 2.0 in the New World Order era on: October 30, 2023, 09:02:18 AM
I believe not, and if that's your opinion, then OK. I respect it. But shower-thought, if China won't truly engage in a real partnership with Russia, and merely want to treat their neighbors as their "slaves", then again as I posted before, Russia can switch sides and attack the "master" in exchange for the lifting of sanctions and immunity from war crimes.

China would need real allies if they truly want to invade and occupy Taiwan. They can't merely treat Russia as a "slave". Perhaps later if they take over and become the THE super power. China going to be like the United States. A bully.

Russia to attack China?! Do you believe this? The only reason is to declare war on China and throw 1 grenade across the border to immediately surrender to China Smiley


If indeed a multi-national war, and a deal with the United States and its allies, and their support? OF COURSE YES. It would be a foreign relations disaster for China to treat their Russian neighbor as "Slaves". It would be a laughable mistake.

Quote

Forget the fairy tale about the “second army of the world”, in Ukraine they have not been able to achieve any noticeable successes in two years, except for the complete destruction of a high-class strike group... Let me clarify - THEIR OWN, Russian group, which entered Ukraine in February 2022, after which collected rabble in Russia from recruits to criminals Smiley
And to organize “meat assaults” in the war with China, and there are no other options, well, this is the height of idiocy when assessing the number of people in China Smiley
What can it oppose to China with 1+ billion population, the largest military budget, developed industry, including the military-industrial complex, and... a huge number of Chinese in eastern Russia? This will be the fastest and most idiotic suicide Smiley

PS And the key question is - who then will buy huge volumes of gas and oil for any money???



Probably not, but if it comes to dealing with China, Russia shouldn't be forced to use weapons of mass destruction. Could China truly make such a country their mere "slaves". That again would be laughable, I'm sorry.

Plus about the United States not wanting war vs. Iran. I believe they do. In fact, they have the enemy surrounded. Haha.

895  Economy / Gambling discussion / Re: Can loneliness make one addicted to gambling on: October 30, 2023, 07:24:03 AM
I'm confused and looking for answers

If you are lonely, can you have interest in gambling simply because of your loneliness?


It's the boredom that causes some people to gamble. Loneliness causes many people to get prostitutes.

Quote

How would you judge someone who says they don't gamble because it's fun, is that a sign of a gambling addiction?

If you are making $600 a day, that's $20000 in a month, and because you are only you start having interest to gamble, what do you think this is?

All these questions is been asked because someone close said all these and I think he are losing money and losing himself too, of all the discussions we had, these are the points I held unto.

Later he open up to have been using $500 for gambling per day, he said all these started when his wife left him, that he isn't into gambling at all, but I can't ask why his wife left him in the first place, but does loneliness make people become addicted to gambling or it's something else.


You probably should tell your friend to stop gambling as distraction from those his feelings he has from his divorce, and start getting prositutes to get those "good feelings" from actual girls who might be better "at their jobs" than his ex-wife. Hahaha.

Prostitutes are cheaper and could be more effective in making himself feel better. Get those high-class prostitutes who I would be sure will be prettier than his wife.
896  Economy / Gambling / Re: Cryptocasinofinder.org - Trusted Guide to Crypto Casinos on: October 30, 2023, 07:05:02 AM
Just stumbled onto this thread and checked the site out thoroughly. I recognised a couple of popular crypto gambling sites, but the reviews themselves are lacking and need to be more comprehensive.

Also, giving 5 star reviews to sites like 1xbit, bitstarz etc who are regarded as scam sites makes this review site untrustworthy. Not recommended as of now.


But why do those scam gambling sites remain, and still continued to be allowed, to have their gambling/business licenses? Because of mutiple instances of scamming, shouldn't there be multiple investigations by now? And during investigations, aren't they supposed to be ordered to stop operating?

Perhaps instead of merely making scam accusations in the forum, the community should also get the attention of the license providers and show them the scam accusation topics for further investigation.
897  Economy / Gambling / Re: ✨ Shuffle.com | The next generation of crypto casinos | Sports, Casino + token on: October 29, 2023, 11:30:58 AM
I’m not sure if this question was already raised before but I want to request for the target wagering volume on each VIP level. It only show percentage which is too hard to determine how much wager I need to do just to rank. Having an exact volume in mind makes me motivated to push gambling rather than depending only to the percentage.

It will be better too if you will have an info page on how your VIP level works clickable on the VIP page. Everything stated in there is too generic which doesn’t contain how much percentage is rakeback per VIP level and other info.


That's definitely a good suggestion especially for those high-volume players who are very obsessed in knowing their exact volume numbers/figures to the dot, and to know how much more volume they need to play to get their rewards. Cool

Plus it truly does encourage people to play more if they could see how exactly much more they need to play to go to the next level. Seeing just the mere percentage would probably make people not mind on the VIP levels that much.
898  Other / Archival / Re: WasabiWallet.io | Open-source, non-custodial Bitcoin Wallet for desktop on: October 28, 2023, 09:54:10 AM

Ser, you're not trying to understand the point being made, nor are you getting the context. Centralized mixers/services are incentivized to be HONEST because if they're not, then users will go and use the next tumbler = profit down. Plus it's developing to be a very competitive business like VPNs, and it will be a competition on who has the lowest fees, who has the best UI/UX, and who simply does the mixing/tumbling most effectively.


No, I understood your point and your context, I simply disproved it with economics:  Mixing sites are incentivized to be dishonest since they can profit from selling your data even after they cease operations. Furthermore, there's no way for customers to verify that their data hasn't been sold, so a dishonest mixing site that sells data will be able to undercut the fees of an "honest" mixing site that does not sell data without this underhanded practice being detected.


Every service, not just mixers, definitely are incentized to do that. That's why when people using mixers, use them behind TOR and/or VPNs, and layer your OPSEC by using other mixers/tumblers in combination with the Lightning Network and CoinJoin like Wasabi. Plus with Wasabi as the final destination of "the layer", because any UTXO that passes through your coordinator is considered "safe" by government-licensed blockchain analysis companies.
899  Other / Archival / Re: WasabiWallet.io | Open-source, non-custodial Bitcoin Wallet for desktop on: October 27, 2023, 04:47:15 PM

We know that CoinJoins done the right way are superior than traditional mixers, but can you please STOP that. There are newbies in the forum that read our posts. We're here to learn, debate, and find truth in many matters. We can't merely accept that kind of stupid viewpoint from a developer of one popular Bitcoin app.

Misinformation will not work. Write the pros and cons, or simply write the truth.

To the newbies/plebs. Mixers, the honest services, are incentivized by profit. If they do a good service, then more people will use them = more profit. Kruw is merely having a bad mood because of her period.

That profit motive also incentivizes "mixing sites" to fractionally reserve user deposits to pay for shills and incentivizes them to sell your data for additional revenue.  Coinjoins are the only way to align incentives with your privacy.


Ser, you're not trying to understand the point being made, nor are you getting the context. Centralized mixers/services are incentivized to be HONEST because if they're not, then users will go and use the next tumbler = profit down. Plus it's developing to be a very competitive business like VPNs, and it will be a competition on who has the lowest fees, who has the best UI/UX, and who simply does the mixing/tumbling most effectively.
900  Economy / Gambling / Re: ✨ Shuffle.com | The next generation of crypto casinos | Sports, Casino + token on: October 27, 2023, 04:32:08 PM
Op was last active week ago so i am guessing we have to adjust our expectations on answers. At the start OP was answering to anything and fast.

All i care about at the moment is details of the token as all the info i have is "soon". So i keep on waiting. Op seemed to be unusually insightful when it comes to casino announcements. Usually it's pr team giving official statements. Which is just fine, but direct communication is cool.

I'll try and be a little more active on here! I read it regularly, will start replying as much as I can though - glad you like the communication style, I would much rather be on the ground chatting with our users than hidden behind a PR team.

Suggestion, I hope you can add other network for USDT such as BSC or TRC to have a cheaper fee instead of only ERC20 while the casino accepts Tron already.

Roger that, will add for you ASAP! More promotions coming soon, we run a lot of promos outside of Bitcointalk but I'll see what we can do in adding some more forum specific ones.


Obviously the forum's most favorite "sport" is debating about Bitcoin's price/market, and trying to predict other coins' prices. Perhaps Shuffle's next promotion in BitcoinTalk should be centered around Bitcoin price predictions? A promotion on guessing the price of Bitcoin during the next halving would be very very good. I'm confident many people would be happy to give their predictions, with or without a prize. Cool

Or if you want it to be more educational, maybe a prediction of the month when Jerome Powell decides to pivot from QT to QE. Everyone also loves debating about that.
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