OP: The treasury should be publicly available for consultation. All information is supposedly 'available'—and I say that in quotes—because only certain items are public, such as the total budget or the person in charge. We assume that the judiciary and the legislature review these documents, as those are the three branches of government in most 'free' countries.
But regardless, if there's no proper oversight or inspection, you can have blockchain, and corruption will still exist. The real issue lies with the individuals; it all comes down to the people who are in charge of the oversight. Technology can make that information accessible, but it still ultimately depends on individuals. The people are the ones who should be the most interested, yet they are the least vigilant. Some don't even go out to vote.
To be honest, the current system is a joke. Corruption is happening on every level possible. The bigger the project the more is stolen. Blockchain can improve this but only if it is used correctly, which I highly doubt. If implemented correctly it can show where the money is going and make it much easier for anyone from outside to audit. The reason why we have a lot of bureaucracy and information hidden form the public is precisely because it is harder to uncover corruption. Blockchain technology is truly groundbreaking but it seems like crypto investors are hyping it up way beyond what it can deliver.
Bitcoin is truly groundbreaking, blockchain technology on its own is mostly useless. |
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Yup. Pancakeswap is fantastic. My only regret is that I got in early and joined their LP program. At the time, the LP emissions were super good and one could get 1-5 CAKE daily from a small deposit. I didn't understand stuffs like AMM and LP at the time so I fumbled it by not doubling in on the LP when the emissions were massive. In addition to that, I sold majority of my stack below $1—I think i sold around $0.8.
I am also late to the game, I have not seen it early enough due to the massive volume of projects that were going on. Nevertheless, it is not too late for either one of us. Hold CAKE, they are one of the few tokens that are deflationary and where platform revenue is not solely being used to enrich the project founders. They removed staking completely in favor or better burning. Pancakeswap will continue to strive as long as the BnB chain continues to be one of top chains for all of crypto.
I don't doubt it. CZ created a monster company, Binance strongly supports BNB through platform revenue as well. It has a very low chance of becoming irrelevant. The only reason why BNB was not considered an early pick for ETFs is that neither CZ nor Binance are American. Still, CAKE no longer depends only on BNB. They have expanded already to other chains. https://blog.pancakeswap.finance/articles/pancake-swap-perpetuals-v2-expands-to-base-and-op-bnb-powered-by-apx-financehttps://www.ainvest.com/news/pancakeswap-expands-multi-chain-dominance-utility-tokenomics-shift-turning-cake-scarce-asset-2508/Funny because if you look at the comment section on the second page, it is clear that most crypto people are completely deluded when it comes to deciding what is a good project and what is a bad project.  |
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It is really bad, and it is not isolated to these projects. This happens in most countries of the world. These days politics are extremely corrupt. If you look at some international corruption rankings, they are a complete scam and joke. It does not even tell 10% of the real story. Help Philippines, don’t let this just pass by like another headline.
How exactly do you think outsiders can help with this? At most other people's countries could make sanctions against it, but that would require something more major for happen. Corruption globally, particularly in Southeast Asia, remains a serious challenge, with sharp disparities between countries. Overall, ASEAN has achieved slight improvements in the corruption index compared to a decade ago, but this progress is uneven and often hampered by political interests, weak oversight institutions, and the involvement of corruption in the infrastructure and natural resource sectors.
This index itself is useless and corrupt. Don't be fooled by such things. This is the flaw of democracy, we got options to choose from A or B but what if both A and B are not fit to be elected? If we skip our vote, still someone from these two is going to get elected and that's the problem. Eradicating corruption is a long process especially when it lies into the roots of people's mindset and most of the time they don't even realize that they are committing a crime, it's just so normalised everywhere. Ultimate solution is to throw all the political parties and government officials and have a system to reelecta leader at any point of time will create fear among the elected ones.
Democracy sucks. It is the decision of the stupidest majority which of the few conmen are going to be stealing in the next cycle. |
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While other countries are making use of cryptocurrencies by buying or investing in bitcoin or making this a reserve, a senate in the Philippines has proposed something else. He thinks that using blockchain technology can ensure transparency in a very corrupt government. Even now the country is going through a big issue regarding corruption.
It can, but it is never going to happen. Firstly, because there is no real interest in resolving corruption. Secondly, those who implement these technologies and their advisers do not have the knowledge that is necessary to build systems to combat corruption with blockchain. Even if they decide to adopt it somehow, it will be in a way where it barely does anything so essentially a fake fight against corruption. It makes me think whether the usage of blockchain technology is a lot more effective in integrating cryptocurrency in a country.
A blockchain without a cryptocurrency is useless, you may as well use a database. Will the use of blockchain lead to the country finally accepting bitcoin and maybe not only holding it as a reserve but also to be used in local transactions?
No. |
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Satoshi designed Bitcoin to be money a digital peer-to-peer cash system. Money has three main use cases medium of exchange, store of value, and unit of account.
Good, but those are mostly not relevant at all to the discussion of this thread. If you use Bitcoin as money and a medium of exchange, you can have a high level of privacy because the money circulates within the economy. For example you buy meat from the butcher, the butcher spends Bitcoin to buy bread from the baker, the baker buys fuel at the gas station, and the gas station owner pays for lunch at a restaurant. This way, Bitcoin anonymously circulates through the economy.
Not necessarily. If you acquired the Bitcoin the way that most people acquire it which is using centralized exchanges, then using it as money and a medium of exchange does not give you any privacy. These features of money are independent from privacy. They don't require privacy and they don't guarantee it. If you use Bitcoin in ways that preserve privacy, only then can you retain your privacy. This will exclude you from most commercial activity. Anywhere you have to provide a name or delivery address, your privacy is already gone. I haven't ever read Bitcoin was created to avoid government oversight, what I had ever read Bitcoin was created to get rid from banks.  Anyway there is no way to get away from government oversight. Even Monero which is very private and anonymous is being surveilled all the time. That does not mean that the surveillance works, but the oversight is always there. Oversight could only disappear with the disappearance of governments. |
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Wow! The post quality of this thread has degraded severely since the last time I posted. WTF! So many terrible and generic posters. @Wind_FURY and @JayJuanGee consider your actions here please, do something. Look at this. You very correct
Yes, you are right.
You're very correct
Your message is very interesting
The patterns are clear, and this is without even looking deeper in the messages. It is terrible as this thread can be very interesting at times. I've read the past few pages and mostly wasted my time. Maybe 1 or 2 users seem to not be farming merits and spamming but I am not sure about them too. It definitely need more hype, otherwise it won't pump more because if only the government were to advertise Bitcoin, then they will do it in their own way to control them, because whoever controls the money they have all the power but with Bitcoin, the power shifted in the hands of the holders and they want it back now.
Currently there is zero hype about Bitcoin and crypto. The sentiment is very low among retail. All metrics indicate that. However, that does not have to mean that something is wrong with the market. Something could be wrong with retail, they may just be too poor or too distracted. |
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Essentially, and with that level of precision. I quote from the article: Therefore, breaking below $104.1k would replay the post-ATH exhaustion phases seen earlier in this cycle, whereas a recovery above $114.3k would signal demand finding its footing and reclaiming control of the trend. To me, believing in this level of prediction is like believing in God. I agree with you, it is ridiculous to even attempt to make such predictions. Humans are notable bad at making future predictions, with or without analysis. At best I could accept claims regarding the overall trend but with fair disclaimers. Do you know why there is organized posting of these analysis? They open positions to make money, and then try to promote the market movement that will give them the most money. In essence, it is just manipulation of retail to get them to artificially validate ideas that were incorrect all for the sake of profit.
I see this part of what you're saying as more conspiratorial, and I don't believe it so much. I'm not saying it doesn't happen in specific cases, but I don't think it's widespread. What makes you think that? I don't mean to say that there is a widely organized group that does it together as would be the case in a conspiracy. It is more on the individual person or entity level. This is going on regularly at lower levels of the market, so why would it not be happening at the higher levels? If you look at smaller altcoins, usually the team and insiders open massive longs shortly before a major announcement. If the announcement is good it can fuel the price rise itself, but they tend to invest in massive and exaggerated marketing campaigns to provide more fuel. If there are very bad news, they still open shorts but try to not invest as much in marketing it as it could spiral out of control and they could lose more than they gain. The larger the asset, the harder it is to do though. You can also think about it more simply on a personal level. If an average person opens a long now, what will he most likely be talking about? How the price of Bitcoin will increase very soon and all indicators say that. This is essentially how these types of companies make money and they do it jointly with market makers. Basically most market makers in crypto are frauds, they are making artificial charts in altcoins all the time. This does not include only smaller caps it involves most things in top 100 too. |
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A random analysis by a random person from an analytics firm yields a random results. The only real answer to things like this is, maybe. It could be the case, but it also does not have to be the case. People still haven't learned that analysis does not work and is mostly fake. The markets strongly depend on the news. Even if all technical analysis showed that this week we must experience a massive crash, a single major news event could defeat all of those. Since this is easily possible, it indicates that technical analysis for crypto markets is mostly quackery.
Do you know why there is organized posting of these analysis? They open positions to make money, and then try to promote the market movement that will give them the most money. In essence, it is just manipulation of retail to get them to artificially validate ideas that were incorrect all for the sake of profit.
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I know of Pancakeswap well and as a matter of fact, I joined their CAKE token liquidity mining in the first few weeks when it went live. CAKE tokens were earned by LPs and the price was even below $1 at that time. The reason why I said it rocked back in the day was because before Pancakeswap, DeFi on Bsc was almost non-existent. It was because of Pancakeswap that projects like Bakeryswap with BAKE token ticker was made.
Those were insane times!
Fair explanation and proper view. It is very different from what I initially understood, so thank you for that. Indeed, Pancakeswap created and defined DeFi on Bsc and continues to do so to this day. I love what they are doing with the whole project and tokenomics. It is one of the rare projects that actually should have a token and is being treated very well, similar to BNB. Most crypto projects are just about extracting value from people to enrich the founders. CAKE and BNB are very different from those! |
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All blockchain based AI projects are gimmicks. The people who create these projects do not have any good ideas or solutions to real world problems, so instead they try to ride the AI hype wave and include it into their project in any way they can. Usually AI in a blockchain is a big red flag. There's nothing special, and I think the price is too high for $1 per token with a supply of 1B and 215M circulating. It's likely to gradually decline in the near future. By the way, today's trading volume has decreased by 31%.
Definitely. Most crypto launches are extremely overvalued, but since the supply side of things is so strongly centralized there is not that much supply that can improve the market situation. |
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it is the simple realization eth is a shit coin. and it went from 1400 to 4950.
so people that got in low just a few months ago are dumping. not bearish at all just shit 💩 turning into diarrhea.
Exactly. Many funds that were chasing shitcoins are down bad, because they included a mix of allegedly good coins like ETH and many the new big thing narratives. Many of those are useless and were just short-lived on hype. Most projects that were doing very well in the last cycle are down terribly still. Most will never recover. Bitcoin is different, Bitcoin does not care. Bitcoin is not built on hype, on funding, on presales. That's why none of these news are relevant to us.  |
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[Edited out] DCA defeats any strategy of dip chasing. Normal people would not even have time to consider something such as dip chasing. Find a way to make DCA automated, set it up and forget it. Come back in a decade or two and see where you stand. One of the best ways to do it. As long as you don't look frequently, you will never have temptation to sell.  The beauty of DCA strategy is that it removes thee stress of chasing the dip or perfectly timing the market. Imagine someone decides to invest $10 into Bitcoin every week without worrying about the pricee movement.......That’s equivalent to $40 a month and about $480 in a year. Now if we stretch the guy's 1 year investment over 5 to 10 years. That's around $2,400 to $4,800 invested little by little, and if Bitcoin keeps on growing over the long term, as it has done in the past, that ur steady habit can build up massive wealth for you. And the best part of it all is that one do not need to worry about checking the the charts or the short term price movement. Exactly. If your finances improve and you have more cashflow, you can increase the purchases on the way. People tend to have terrible advice for normal people, in the altcoin world it is even worse as they want people to spend time daily in crypto farming, chasing events and drops, keeping up with news and chats and so on. Bitcoin should be as neutrally minimalistic and as easy to use as possible. Normal people should not need to check things daily for information, it is too time consuming and manipulative to live like that. It should become second nature, that is what makes DCA perfect. |
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Almost all users missed the point entirely and are writing irrelevant things about communism.  It depends on the government policies, in my country if I won the land then it's completely belong to me but there is nothing stopping the government if they want to take it and I have no other choice and most of the time they don't even give the right compensation for it and that's almost same for everywhere even if you own both the land and house still government can take it.
I think this is precisely the point that he is trying to make. There is no real ownership of any of this, it can be seized at will. It is more like an illusion of ownership. They can take it away tomorrow and you could not do anything about it. The only thing you truly own is bitcoin. The rest are promises.
Gold is yours to,o right? But anyone remember Executive Order 6102, issued by U.S. President Franklin D. Roosevelt in 1933, " That order required all U.S. citizens to turn in their gold coins, bullion, and gold certificates to the Federal Reserve in exchange for paper dollars at a fixed rate of $20.67 per ounce."So if the government wants to take what is in their citizens possession then they can take it in one way or the other but good things with bitcoin is digital so as long as you are not leaking your bitcoin possession data to government by KYCing to centralized platforms and using it on your primary wallet linking that reveals what is under your possession so if you want them not to take away wha is yours then keep your main stash away from your KYC linked addresses. This is where Bitcoin is entirely different. They can't take it from you, they can't even prove that you have it if you use it correctly. Sure they could keep you imprisoned until you give it up or torture you to force it out of you, but that is a totalitarian level of existence where Bitcoin seizure will be the least of our problems. |
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It’s a great investment but I am disappointed in the performance of this bull run. We have barely done anything vs the 2021 cycle top when you factor in inflation. We are not even double that top. Self custody of your own money is what makes Bitcoin amazing & it’s decentralised nature by design. But as an asset where you are looking for big profits, is that now a thing of the past.
So according to you overall inflation is 100% since 2021? I guess they should put you in charge of global economies. El Salvador has legalized Bitcoin through legal tender and its President Nayib Bukele is moving forward with a far reaching plan to use Bitcoin as a strategic reserve in the future.
What a load of bullshit. El Salvador passed bitcoin as legal tender in September 2021 and had to remove that status in February this year due to pressure from the IMF. El Salvador's strategic bitcoin reserve is not a future possibility; it also began in September 2021 and continues to accumulate. A lot of people in this section only post bullshit, it is starting to remind me of the gambling section. The US President signed a bill for the establishment of a Bitcoin reserve but I doubt if the country has bought a single Bitcoin. Only seized Bitcoin is in US custody. I am also aware that states like Texas, Arizona, and New Hampshire have signed the same bill but it has not been implemented.
Be grateful and patient. |
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If this is real and there is significant money involved, you should contact this reputable company. I hope I got the right link. http://walletrecoveryservices.comhttps://bitcointalk.org/index.php?topic=240779.0Hey everyone! I really need some help here. I found a wallet.dat from 2013–2014 with some balance, but I have zero memory of the password—it’s been ages.
If you don't know anything, but the password is very long and secure then you will have no real chance of breaking it. In this case one should hope that your password was crap.  |
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If the Internet shuts down for just a week, be rest assured Bitcoin will survive it and if it goes beyond that, I can't tell exactly but I believe possible solution will be formulated but it will take some time, it may not be immediately but it may happen just like we had with COVID 19 years back, it was a global epidemic without a cure as at the time of outburst but after awhile it got controlled and today it's not one which brings things a halt again as before.
There is nothing to formulate, the solution already exists and is a feature of the protocol. Miners keep mining. Longest chain wins after a week.
There it is. |
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Here, instead of arguing about time, we should talk about the real purpose. The main purpose of long-term investment is to avoid short-term price fluctuations or market volatility and make big profits by keeping the investment for a long time or years maybe 10 years or more. As a result, the stability of assets increases. The instability of a few days, months or years can be avoided. Through this, you can save yourself from the impact or panic of investment. Not only that, compound interest means profit on profit. In short, if it is said in a formal way, if you invest for a long time, the profit is reinvested and money grows on money. So instead of arguing about time, pay attention to your holding capacity.
Sure I mostly agree with you, still I think it is wise to always educate people on patience. It is one of the virtues that has no boundaries. One and a half cycles is not a long-term investment. Did you see the news of recent massive wallet movements, the old wallets? Now that is a long term investment! We live in a terrible economy of overpriced consumer items that nobody needs. They use all propaganda to make you desire things that are useless. Stuff like $1000-$1500 phones, come on. Nobody needs those things. Safe your mind and body, don't sell and don't spend. It seems that the pushback that you are getting are both in regards to the specifics of your earlier timeline for dips and recovery and then also newbie guys seem to be less receptive to the idea of significantly changing their level of aggressiveness based on both uncertainties regarding the dip but also that changing their aggressiveness levels might otherwise screw up their cashflow management practices and/or systems. So it seems to be somewhat counter productive for guys to be changing aggressiveness levels based on BTC price moves (and speculation) rather than perhaps changing aggressiveness by knowable, such as how strong their cashflow management systems are.
DCA defeats any strategy of dip chasing. Normal people would not even have time to consider something such as dip chasing. Find a way to make DCA automated, set it up and forget it. Come back in a decade or two and see where you stand. One of the best ways to do it. As long as you don't look frequently, you will never have temptation to sell. |
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Does anyone know if he's an active community member in BitcoinTalk. If he wants to join the Push-Ups topic, he could do that and be also in a weight-loss journey.
I don't why everyone in that topic continues to do their push-up until £100,000 challenge, because Bitcoin is already over that value.
Mate, you are wrong. £ stands for British pound, and currently Bitcoin is around £80k. Investment should be treated as retirement plans even though we're to take profits in the long run but holding that portfolio firmly with tangible accumulated bitcoin values without the need to sell or opt out your entire assets in the short term. On my own, long term investment plans would have a benchmark of 4 years if invested in the earlier stage after a closed market cycle after the Bull run is over.
4 years is not a long term investment, that is very short. In crypto I would consider a long-term investment 8 to 10 years based on its young age. For traditional stuff, 20-30 years at the very least. Otherwise the naming would be stupid. If you call 5 year investments long-term investments, what are 20 year investments then? Ultra long term investments? |
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It led me to meet interesting people, who can understand the world as it is not the way that it is being shown. So many things in the world are broken, and very few people understand any of it. It is refreshing to find people who know the subjects even if you don't agree with them to the detail, that is what makes it even more fun. The mathematics behind Bitcoin and its code have made me enjoy the journey, it is too interesting for me, I can spend hours reading about it, and I currently feel as if it were an infinite topic, since every time I learn something new I feel the sensation that I ignore even more things, and that motivates me to continue learning, I admire those who know every corner of this world, and who know everything by heart, they are geniuses.
Lol you can read better mathematics and code somewhere else much more interesting code. What a weird post. |
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Would Bitcoin survive through offline solutions like mesh networks and satellites, or would it completely halt?
Both cases would be fine though. Even if all the networks and satellites are down and the chain halted, it would just resume as soon as the internet was back. Where's the problem? |
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