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1  Other / Serious discussion / {SERIOUS} Misery of Crypto, Devaluation, and need of a "Stable" stable coin. on: March 18, 2023, 04:12:48 AM
I have travelled a long place since my first days of crypto in 2017 wasting years on faucets and stupidity till now, If anyone would look into my profile of both my accounts of Bitcointalk (one account got locked because  acc to BTCtalk I am forgeting the password)  they would think I am stupid and dont know anything which is fair enough considering my History here as I didn't used BTC Talk long ago.

Now to the Main part, The miseries of Crypto

I solely got into Crypto to earn money, The space is filled with scams, White collar frauds with no accountability and 99% useless cryptocurrencies.

I got hit by Luna, Decided to leave trading, I diversified my portfolio into stable coins BUSD and USDT on 2 Major exchanges

BUSD which was looking solid AF and USDT which is shady af and guess what BUSD got nuked and USDT still going strong.

Kept Half my balance on Binance and half on FTX and boom FTX is bankrupt now with my money stuck and No hope in sight seeing how John Ray is not interested in restarting the exchange and Lawyers are taking huge fees.

Got hit by Luna, Made a rational decision at that time of diversifying portfolio into Binance and FTX, Put half in BUSD half in USDT
(Dont come at me with the not your keys not your coins, Its hard to not get scummed by thousands of online viruses too considering individuals digital foorprint and exchanges are easy to operate)

FTX gone, BUSD disowned by binance now all buckets in USDT and Binance and on top of that my local currency devalued 80% in a year and it keeps devaluing so Keeping the money in my local currency is not a option unless i want to lose money 40% money yearly considering Inflation.

and that was not just the end of it Circle's USD got depeged gladly repeged now so diversifying from USDT and binance is not an option now too, If they go down crypto will be as alive as a 1000 year old dead.

Cant Keep money in USDT
Cant keep money in local currency
Cant Keep money on Exchanges
Cant survives this space without Land Mines in all spaces from Cryptos to NFTs.

Sometimes I feel like saying fk it i am going to fork a project or a stupid NFT and do white collar fraud but I know the misery of Losing money and i know the misery of Poverty in a 3rd world country and lost dreams and hopes and gladly my ethical and sympathetic mind.

Now to the Stable coin part

Crypto has proofed to not trust any project The Dynamics of Stable coins are simple and yet so hard to achieve

In Theory each stable coin has to be backed by 1:1 but its not technically possible, You would need Physical dollar for that and It is not possible for crypto to achieve it as its not a bank with branches and services fees but a crypto used all around the world.

Me paying 1 dollar equivalent to get 1 USDT will never be 1:1 backing as the currency of my country goes more up and down than a hooker at a strip club

one would ask why not convert any local currency to USD at the time of buying of USDT because of converting fees that 1:1 would more likely become 1:0.95 

Also the purposed plan of Arthur hayes (bitmex CEO) where he gave the idea of longing and shorting bitcoin for 1 dollar equivalent to maintain 1:1 backing is ridiculous because Where you will keep the shorts and longs open, Binance? FTX? or you can't  imagine there was a Stable coin on Arthur's plan running on FTX it would have depeged already.

Decentralised Stable coin? not a chance as once has to issue coins and one has to claim them.

Solution for a stable coin

The only solution in sight is to have more stable coins from reliable sources and the one who is transparent about their business, The majority of holding being stored in a too big to fail US bank which would get bailout even in case of a bankrupty because Uncle Sam likes banks.

End of my rant and open to discussion while there is 99% chances no one is going to read my bullshit but nothing goes in posting it .

Not native English speaker so ignore my Grammar and typos as i am too lazy to re read at this hour.
2  Economy / Services / [Extremely URGENT] KYC my FTX account on: November 11, 2022, 11:12:30 AM
Looking for an Ftx insider who can change my kyc location to Bahamas so i can withdraw my money as bahamian can still withdraw funds
3  Economy / Invites & Accounts / Need USA Bank Account on: July 15, 2022, 07:17:23 PM
I want to buy a USA bank account kinda urgently

EDIT: would prefer a old member not newbie
4  Other / Off-topic / any esport site i can invest in? on: March 19, 2020, 08:55:49 PM
any one know any esport site i can invest in?
5  Economy / Invites & Accounts / Selling Binance KYCed accounts on: September 12, 2019, 03:57:40 AM
hi if anyone want to buy verified account pm me.
account can be use for any thing. margin. ieo participation etc.
email will be ttransfered to ur mail
6  Economy / Invites & Accounts / Want to buy verified paypal account on: August 05, 2019, 09:42:06 AM
need verified paypal account , account will be used for trial and hosting paying services
pm me
7  Economy / Invites & Accounts / Selling Verified Kucoin Account. on: August 05, 2019, 09:13:44 AM
if anyone want to buy kucoin account for high limits, IEO participation or for Kumex . pm me if you want to buy it .
8  Economy / Invites & Accounts / Selling Verified Kucoin Account. on: August 05, 2019, 09:11:49 AM
if anyone want to buy kucoin account for high limits, IEO participation or for Kumex . pm me if you want to buy it .
9  Economy / Invites & Accounts / I want to Buy Verified Tokinex account on: June 04, 2019, 12:43:04 AM
i want an verified
https://tokinex.ethfinex.com/

account for IEO before 10 june

account must not be from these countries
http://prntscr.com/nx8xn3

pm me and drop msg below , or pm me on discord @sumair7230
10  Other / Beginners & Help / how to create a MN/POS coin? on: May 07, 2019, 09:35:46 PM
there are guides on how to create POW alts but nothing on how to create a MN/POS coin
can anyone guide me a little in correct position?
11  Economy / Invites & Accounts / i want to buy verified kucoin account on: March 25, 2019, 08:16:20 PM
account must be eligible to participate in icos
mustn’t be from these countries http://prnt.sc/n2tt3c

pm me for fast response

UPDATE
account bought no more pms please Smiley
12  Other / Meta / whats definition of off topic to mods ? or they are just enjoying deleting on: March 16, 2019, 09:57:43 PM
looks like btt mods have decided to remove every post from btt

can mods tell me how it is off topic when its posted in Pakistan board?
http://prntscr.com/myutc2
13  Economy / Invites & Accounts / i want to buy lvl 2 verified binance account urgently on: March 13, 2019, 02:03:40 AM
account owner mustn't be from these countries
http://prntscr.com/mx395e

EDIT: i have bought one need one more , its better to pm me directly coz i get notifications so i can check easily

EDIT: scammers try hard
14  Alternate cryptocurrencies / Altcoin Discussion / Is there any Big Upcoming ICO Like Bittorrent token ? on: January 28, 2019, 06:38:48 PM
missed the BTT ICO boat coz the presale went fast as hell

you guys know any big Upcoming ICOs?
15  Economy / Micro Earnings / Selling deadsats.com For Just $150 on: January 23, 2019, 07:23:19 PM
hello Selling http://deadsats.com coz need some money urgently

Major Features:

Bot Free
Nice Design
solvemedia and google captcha
claim limit
antibot Links
iphub to ban all VPN users without hitting Iphub limit
Shortlink rotator
Alexa 300k alexa.com/siteinfo/deadsats.com

Site Accepted by alot of Adnetworks , Bitmedia, Bitcoadz, coinvert....

Price $150
BTC or Paypal

For more questions please write below
16  Economy / Micro Earnings / Selling deadsats.com The whole site not just the domain on: November 28, 2018, 08:25:54 PM
deadsats.com is approved by many ad networks
bitmedia, coinverti, bitraffic, bitcoadz, popunders etc

the whole is for sell not domain
this includes

my site with  custom facuet script


anyone interested drop comment below for details or pm me on discord : sumair7230#1552



dunno if its the correct room to post this but i see other selling here too anyway if its the wrong section mods lemme know i'll move it
17  Economy / Services / Looking for a developer who can code a site like Masternodes.online on: October 10, 2018, 06:09:17 AM
a site which can calculate the roi of Masternodes coins like MNO but with more good interface
if u can do this please drop your  portfolio and estimated fees below

Thanks
18  Economy / Services / Looking for a developer who can code a Fully Automated Staking Pool Site on: October 01, 2018, 08:02:58 PM
Looking for a developer who can code a Fully Automated Staking Pool Site like stakecube or btcpop staking
please comment below your portfolio if you are interested
19  Economy / Services / Looking for a developer who can code a Fully Automated Staking Pool Site on: October 01, 2018, 07:42:00 PM
Looking for a developer who can code a Fully Automated Staking Pool Site like stakecube or btcpop
if you are one of them please comment below with your portfolio
20  Economy / Goods / Looking for a developer who can code a Fully Automated Staking Pool Site on: October 01, 2018, 07:41:49 PM
Looking for a developer who can code a Fully Automated Staking Pool Site like stakecube or btcpop
if you are one of them please comment below with your portfolio
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