Some of us might be aware about the ongoing protest in the province of Henan in China as thousands of people are unable to withdraw their funds from the banks.

This is seem to be largest bank scam in the country after the four small banks in Henan province refused to pay the customers after they went to withdraw the funds from the banks but were unable to do so and till then the protest are going on there.The official of bank clims the system are being updated or in maintanence but have not communicated with them after that and people are protesting out there.

So what's the safety of your funds in these banking institutions? You are unable to withdraw your funds only and have to take the street of protest for it?

The four banks that were the focus of the protests are believed to have frozen a total of 39bn yuan ($5.8bn; £4.9bn) of deposits

See how the protest are going on in the country and people are getting injured just to get their funds back as it's their savings and they can't let banks scam them but are being mistreated:



The ongoing protest are getting violent day by day and authorities have claimed to give the funds back to the extent they can :

Advance payment will be released to customers with a combined amount of less than 50,000 yuan savings in one institution," it said.

"If the combined amount of a single institution is more than 50,000 yuan, the advance payment will be made successively, and the advance payment arrangement will be announced separately."

The regulators asked customers to contact the association from 09:00 local time (02:00 BST) this Friday.

But in the latest news the authorities have deployed tanks outside the banks to counter the protest and restricting people to enter the banks in Henan province :



There is lot going on in these provinces at this time as people are eagerly waiting for their funds while the bank scams and protestors being suppressed by the forces and officials through these cheap tactics and when you will look into the matter there are many disruptive images for the protest going on.

So this is why China doesn't want bitcoin because it can provide freedom to the people and they won't let it happen and you would find social media restrictions also there and they want full monopoly there but under these people are being suppressed and bitcoin is hope for them but they are being taken away from it.

The bank getting scams and declaring your funds as investment products and completely restrict you from using your own funds is sign of how centralised chain of authority is curse for the society.

This is where bitcoin empowers you and your funds are your own.BTCBTC

For more information read here;

Tanks outside banks

Henan province bank protest

[Coinbase can take your cryptos in case of bankruptcy]

This has been said many times and advice given to newbies and other members that never ever keep your funds on Centralised exchange as they have the custody of your funds or in simple words say they have keys to your funds and can easily spend them if they wish to do so or in any other case they turn out to be scam.

Not your keys not your funds is common phrase you might have heard of but still we see huge volumes over these exchanges and people trusting them like they will never cheat them or funds are safe but they have no idea about it.Keeping your funds on exchange have some other problems also which are not unnoticed but still some prefer to keep them over exchanges :

1) Privacy : You should not except any privacy when dealing with CEX at all as your personal information is always at stake and they can always trace you with additional requirements of KYC documentation to withdraw your funds with different levels

2) Freeze your account : They act just like banking system who can restrict you from withdrawing your own funds if sufficient proofs are not submitted and they found something suspicious in it

3) Using third party software for storing information and then it's used as phising scams against user who loose their funds in these scams.

There are many other things which acts as sign that you must take out your funds from these exchange and they are government puppet who will act according to their will giving out then full information and trace their users or providing them information about you.

Re: Coinbase the most anti-Bitcoin organisation. Make #DeleteCoinbase great again

Binance selling data to Russian authorities

But this thread is also created with the same intention of warning you all that you should stay away from these CEX for safety of your funds

Coinbase can take your cryptos in case of bankruptcy

They have their policy that in case of bankruptcy they will take your funds as they are deemed to be your property so how safe you assume yourself? Or being too optimists that this will never happen and your funds are safe there forever?

I don't how many more signals people want to take out their funds from these CEX and have store them on non custodial wallets or HW with backup of their seeds and passphrase on offline places with security.

There are lot of threads explaining these matters on the forum like this one from @o_e_l_e_o explain it in best way :

Why beginners should pay attention to their privacy

If you still are keeping them on these exchanges then regretting afterwards will not have any impact or safeguard your from these problems because you are not taking any responsibility of your funds and privacy so seeking advice later on will not have any impact



Your funds your responsibility so be sure how you keep them

There are more and more scams coming out on daily basis draining out the funds of users from their wallets and the recent one is for Metamask walllet.

According to one report the users who were having iCloud backup for app data it was also having the password encrypted metamask vault giving hackers access to your wallet and drain out the funds easily.

If your password was not strong enough it easily be brute forced and one user got scammed worth around $650k from this scam who was holding NFT's in his wallet which were all gone :



Original Tweet

The user also received a call from fake Apple company asking for code which he gave and access to the wallet so this was extra mistake on his side

Got a phone call from Apple, literally from Apple (on my caller Id) called it back because I suspected fraud and it was an Apple number,” Iacovone tweeted. “So I believed them, they asked for a code that was sent to my phone and two seconds later my entire MetaMask was wiped.”

The Metamask has also confirmed it that it was being saved for those who have gave this permission on iCloud backup and now they have asked everyone to deny it and be safe :

The DeFi wallet provider said Sunday users who have iCloud enabled for iPhone application data were susceptible to hackers because the backups include their password-encrypted MetaMask vault.

“If your password isn’t strong enough and someone phishes your iCloud credentials, this can mean stolen funds,” MetaMask tweeted.

So this is just warning to all to be safe in every aspect because one wrong step can land all your funds in your wallet to the hackers as we are seeing day by day.Use hardware wallets more and your seeds stored on some safe offline storage with proper backup for them as this online services could easily be hacked.

Metamask iCloud phishing scam

We all know that recently we all celebrated Easter Egg day and it was normal for me as well but there was one image which i came across the internet that popped up the reality many are still lagging to understand.Also sorry for being late.

There was one post made by me yesterday regarding this in WO thread but then it came to my mind why not create a thread for it so that other members can also understand it with my little one more attempt.

See i want to clarify in the start that I am bitcoin maximalist but don't enforce it on anyone else but just spitting out the facts in front of those who fear it or thinks shitcoins are good or fiat is superior to it.

So here goes the image for it :



You see bitcoin is the only golden egg in the basket while all other fiat currencies are depicting rotten eggs that are not going to give you any of the proteins and will end up badly.Almost all the currencies have witnessed downfall and loss in purchasing power capacity due to inflation and their reckless printing of notes making the existing one's worthless for the public.They have been doing it for past hundred of years and inflation is not a new thing but the fact is the situations are now crossing the barriers and people behind sitting in the AC halls doesn't give a fuck about how the normal residents are going to survive.

Every major currency like USD,Pound,Lira,Ruble have lost Major share of their value and all this due to inflation and all those eggs in basket represent them.Here is visual representation for them if you have not given it look with your eyes :

The US dollar and British pound have lost almost 60-70% of their value over time due to inflation

 

The next one in line is recently becoming victim of this inflation trap Turkish Lira and Russia Ruble :

.

You can check this must be the condition of every fiat globally and stiil people fear the volatility in bitcoin makes me laugh.Just your fiat is legal and owned by center doesn't make it safe which you need to understand and they can anytime restricts you even from using funds in the bank if valid documents are not provided.

While bitcoin had given so much returns over the past years and if we compare it to it's ATH near coinbase listing previous year it was 68000% growth with market cap reaching $1trillion in just time span of 13 years and is there any other asset that is capable of the same? NO so why we fear it when it's our future safety.

The inflation is rising at an alarming rate and is not fixed at all which this picture clearly states:



Even if your salary is increased which i assume is not increased at the same pace with inflation you can't cope up with the current scenario even if you are millionaire.In the countries like Venezuela where you can't even buy bread with millions worth of fiat how could you survive even if you are having tonnes load of money into your account?

On the other side having little fraction of bitcoin will also help you to sustain in the long run with it's deflationary nature so you must decide timely which side you want to be?

[@o_e_l_e_o -117@theymos -280@fillippone -124@El duderino_ -1074@suchmoon -1959@Ratimov -2039@DdmrDdmr -2159@LFC_Bitcoin -2990@pooya87 -3075@JayJuanGee -3279]

So we all are aware that 10k merit club is now already active with @LoyceV achieving it few months back and now other members are also heading towards to the same throne and become the member
of 10K club.So here is the presentation for the top 10 merit earners over the forum excluding @LoyceV as he has already achieved this target.

So in this thread I collected the merit summary of top-10 members of the forum to analyze how fast they will achieve the 10k merit target.I have gathered past 10 days merit summary for them and
the comparison is done on this basis just to have an raw idea about thier merits spree,speed and forum contributions.

I have divided the members into two groups with top-5 and bottom-5 who are growing fast over the forum gaining merits to reach 10K club

NOTE: There could be some chnages after i am writing up this post as members receive merits after that also and will update the charts later on accordingly

So here are the members and their remaining merits to reach 10K Merits :

@o_e_l_e_o   -117
@theymos      -280
@fillippone   -124
@El duderino_ -1074
@suchmoon     -1959
@Ratimov      -2039
@DdmrDdmr     -2159
@LFC_Bitcoin  -2990
@pooya87      -3075
@JayJuanGee   -3279

TOP 5 MEMBERS MERIT STATS PAST 10 DAYS

Date	|	o_e_l_e_o	|	theymos	|	fillippone	|	El duderino_	|	suchmoon
7thApr	|	9	|	9	|	7	|	5	|	9
6thApr	|	3	|	1	|	16	|	3	|	3
5thApr	|	17	|	3	|	17	|	0	|	7
4thApr	|	8	|	10	|	3	|	4	|	12
3rdApr	|	9	|	2	|	5	|	1	|	16
2ndApr	|	43	|	83	|	7	|	7	|	9
1stApr	|	23	|	78	|	15	|	0	|	12
31stMar	|	41	|	2	|	13	|	1	|	3
30thMar	|	22	|	1	|	30	|	4	|	15
29thMar	|	35	|	0	|	10	|	16	|	12

Graphical Representation for them:

   

 


Merit report of first group:

@ o_e_l_e_o   -210 Merits
@theymos      -189 Merits
@fillippone   -123 Merits
@El duderino_ -41 Merits
@suchmoon     -98 Merits

    

BOTTOM 5 MEMBERS MERIT STATS PAST 10 DAYS

Date	|	Ratimov	|	DdmrDdmr	|	LFC_Bitcoin	|	pooya87	|	JayJuanGee
7thApr	|	6	|	9	|	12	|	2	|	0
6thApr	|	6	|	7	|	5	|	3	|	7
5thApr	|	11	|	9	|	6	|	20	|	4
4thApr	|	4	|	12	|	0	|	12	|	0
3rdApr	|	2	|	7	|	0	|	7	|	0
2ndApr	|	1	|	14	|	13	|	13	|	9
1stApr	|	4	|	5	|	6	|	13	|	2
31stMar	|	2	|	23	|	17	|	25	|	5
30thMar	|	4	|	3	|	0	|	7	|	3
29thMar	|	8	|	1	|	2	|	7	|	5

Graphical Representation for them :

   

 


Merit report of Second group:

@Ratimov - 48 Merits
@DdmrDdmr - 90 Merits
@LFC_Bitcoin - 61 Merits
@pooya87 -   109 Merits
@JayJuanGee - 35 Merits


So it's clear from the charts that @o_e_l_e_o is leading the race and going forward with his unmatchable merit earning speed with his quality posting and helping out the members with his technical knowledge to make forum useful for them. He is also member with most earned merits as well.Other members  are also going ahead towards 10K merit mark with time and speed like @fillippone has achieved it within short span so he will definitely achieve it soon. Speaking of @theymos he has gained most of them on April's fool prank so other members can take a lead at some point if he is not up with more posts and major announcements forum related.

This is just normal presentation and the merits will vary I know on the daily basis but this can give us a little idea about how the race is going just from past 10 days viewpoint.Rest best of luck to all the members and the throne for 10K merits is waiting for another heir after @LoyceV to join him in that club.

Merits earned by Members in 14 days rank vise  

Code:

 @ o_e_l_e_o - 273
@fillippone   -150
@DdmrDdmr - 131
@pooya87    -115
@Ratimov    -76
@suchmoon     -70
@JayJuanGee  -64
@El duderino_ -53
@LFC_Bitcoin  -35
@theymos   -14

So the self proclaimed Satoshi Craig Wright who is none other than clown on that list of those having the same false claims is on the journey of losing all his fraudulent cases he has put against btc community and Cobra.

In a recent ruling by London high court he has faced legal setup against his case of bitcoin developers where he claimed of losing the private keys to the wallet containing his 79,957 bitcoins in Mt.gox hack and demanded it back from the developers.

The address holding the coins worth billions today is this one : Btc address

This was his another one fake attempt to take the control of money he didn't own a single penny but was determined to make everybody fool but the tables have turned upon him as the case is dismissed by the court

His lawyers were making this statement:

As reported by U.Today, Wright's lawyers claimed that the private keys to his wallet were stolen by hackers from the computer of the self-proclaimed Satoshi Nakamoto on Feb. 5, 2020.

But the court overuled this charges by giving out this response to his lawyers :

However, Judge Sarah Falk has ruled that "the pleaded facts amount to a fiduciary relationship." The court says that there is no allegation that any of the developers had "any involvement" with the Mt. Gox hack. Hence, it rejected Wright's efforts to impose a new legal duty on them.

The judge has concluded that the evidence presented by Wright "was not sufficient" to conclude that the entire case "was no more than fanciful." It remains unclear whether Wright will appeal the unfavorable judgment.

This one is just starting and he will taste his own medicine by getting defeat in every case proving himself the real fraudster and moreover the Clown who thought he would prove himself genius without even taking care of his keys 

   

He is always careless not to safely secure his private keys and can't even sign a message from Satoshi address but still if confident that he will win this one sided fake war but have no idea he is going to jail at the last for all his conduct because his networth will be wasted in these lawsuits and will get nothing in his hand at last.

Source

[Bitcoin is a bubble]

We all are aware that bitcoin is no longer unknown to the people and i would say now enough of the population has come to know about that something like bitcoin exist ignoring the fact at the moment that whether through negative or positive sources.The world has now been introduced with bitcoin at much big level.

But we also know that it creates some types of divisional groups or say communities like who understands it and support the usage while others who don't understand it completely or say nothing but still spread rumours about it as the market provides free opportunities to express your thoughts to others.

So we all must be familiar with meme trends these days and enjoy sharing and watching them.But they are related to something that is happening really in the market at this time (speaking generally) presented in funny manner.There are lot of bitcoin memes also but some have deep meaning in them which we need to understand.

So here in this thread i also want to share one such image which truly represents how people who don't understand shit about bitcoin have their own perceptions about it and start talking the same way about it without prior investigation which we also say jumping to conclusions fast.They have blur picture of bitcoin in their mind but still believes they know whole fu*king thing about it.

Here is the image :

See how people make their own assumptions about bitcoin without fully knowing about it? This thread has created with the intention to make you aware that all the  negative assumptions people have in their mind about bitcoin are false because they have not learnt about it in detail.

It's same like the terms you have heard many times like :

1) Bitcoin is a bubble : This is the most common thing the community has said against it from the past and it could burst anytime but they are proved wrong each time.The prices increase they say it will burst out and when they falls they say it's crash but in reality they don't know anything about it.It is a currency and like any other asset can go up and down in value so what do you expect from it? But in reality btc is needle that is bursting fiat bubbles.

2) Used for crimes : No need to say fiat is used more but spreading rumours about bitcoin is common practice.It is traceable if you don't use some mixing service but people assume it to be anonymous but in actual it's pseudo-anonymous

There are many more things which people have developed according to what they read about Bitcoin over those fake and paid articles but DYOR before that and read about it in detail.I am not convincing anyone to belive in bitcoin but if you make some efforts yourself there is no need to do that.

I have shared this image in WO but felt that also need to share along with you guys so if some newbie induces himself to be safe from some shitcoins in the market then it will be good.

Rest you make your choice but for me Bitcoin is the best.

[Certain disadvantages of these biometric recognitions :]

So we all know about Jack Dorsey who is the ex CEO of Twitter and his company Square who is bitcoin enthusiast also and have promoted the usage of bitcoin very well.He has came forward in its support like at the Bitcoin event challenging Musk to come and discuss about btc or running a node to implementing bitcoin tip system on twitter to boost the adoption and spread awareness about bitcoin.

But now his company Block has came up with the idea of implementing fingerprint sensors in hardware wallets for the security rather than having the seed phrase which is by the way key to your funds.

“We believe PINs, passwords, and seed phrases are confusing and often not secure given the workarounds normal people have to create given all the friction,” the company said in a Friday statement. “Instead, to achieve seamless authentication in practice, we plan to incorporate a fingerprint sensor into the wallet hardware.”

Source: Dorsey wants to implement fingerprint sensors in hardware wallets

This is somewhat modern approach and have it's own safety protocols but having the seed phrases in traditional manner is also good and feasible option according to me as there are also limitations to these sensors which cannot be ignored like :

1) What if during an accident there is loss and we can't access our hardware wallets? The seed can be entered securely under these circumstances

2) After your demise how can your family members restore your wallets because you can share the seed phrases but not your finger print sensors

3) The life also becomes risky if someone came to know about your bitcoin funds in hardware wallets and they can access your funds with one click of your thumb

Certain disadvantages of these biometric recognitions :

Although fingerprints do not change with age, it can be more difficult to capture them in older people. This is because the skin loses elasticity with age, and the patterns become less prominent, especially due to the thickening of ridges and furrows.

Adermatoglyphia is a sporadic genetic disorder that causes a person to have no fingerprints. People with this disorder have completely smooth fingertips, palms, toes, and soles.

Certain skin diseases destroy the dermis and epidermis of the skin. Consequently, it becomes challenging for fingerprint recognition systems to recognize the prints of these individuals.

The thing is I am not against the technical upgradation related to security but thinks that some things if done in traditional manner are more effective.Although they have said to elude the tradeoffs but still there are some caches remaining as technology can be used against us also if not taken proper care of.The funds could be at stake but these are all assumptions which might not happen.

There was past thread about this also on the B&H section and many members were also against this so thought of sharing it with you all and ask about your options here.

They have also asked for suggestions so what are your thoughts about this one?

[Legendary Member]

So finally after waiting so much our renowned and popular member of the forum @Ratimov has finally become Legendary Member of the forum so many many congratulations to him on achieving this highest mark on the forum.

Although he has achieved this rank 7 times with his merit sprees but was only lacking the activity to reach the rank on his profile but now he has finally made it as forum algorithm finally found him to shower the legendary rank on his profile at 1022 activity

He has reached it at the edge as you become legendary between 775-1030 activity so he finally managed to reach that rank today and now he is also among the top merit earners with this highest rank as he was feeling little embarassed to be only Hero member in this list but now it has been removed :

He has edited this post with 7k merits when legendary  and now he has finally managed to achieve it.

So now once again congratulations to you man and now keep the merit records high with this rank which you totally deserve from a long time.Justice delivered to you also now.

[Freedom Convoy]

So some of you might be aware about the ongoing truckers protest in Canada or so called Freedom Convoy against the fully vaccinated measures by Justin Trudeau.The truckers are protesting against this and beleive it to be monopoly and have put restrictions to their trade between the busy American-Canadian border Ambassadors Bridge.They need to be Fully vaccinated or they have to go through 14 days quarantine period which is what the protest are going for.

Importance of Ambassador Bridge

Spanning the Detroit River between Detroit and Windsor, Ontario, the suspension bridge accounts for a whopping 25% of all trade between the two countries, with $328 million (417 million Canadian dollars) in goods crossing each day.

The bridge is critical to the food sector in both countries as well as the auto industry; with crossings all but shut down, shortages have forced plants on both sides of the border to go offline or operate at reduced capacity.

The Truckers were also supported with the bitcoin donations which emerged as significant move and appreciated by many and they collected total of 21 bitcoins through this.The GofundMe blocked the donations worth $10 million for the drivers and inspect to block those accounts so crypto donations were inspired and they collected 21 bitcoins out of it

Crypto fans of the Canadian truckers' anti-vax protest have raised more than $900,000 in bitcoin after donations via GoFundMe were blocked.

Source : Bitcoin donation to drivers

After this state the government declared emergency situation in the country and said it will not reverse the decision and now the second part has started into motion which is blocking the bank accounts of those who are involved in freedom convoy protest or who are supporting them through funds.

The Canadian government has warned that it will freeze the bank accounts and suspend the vehicle insurance of truckers who continue to form blockades in protest of vaccine mandates, as the country declares a national emergency to quell the resulting gridlock.

"This is about following the money. This is about stopping the financing of these illegal blockades," said Canadian Deputy Prime Minister Chrystia Freeland at a press conference on Monday.

Source : Canada government to freeze freedom convoy protestors bank accounts

This is what happens with your central chain of authority that can anytime put restrictions to your funds and deprived you of your money because in reality it's their money and their control over it.

This is why we need bitcoin which embrace freedom and your funds are yours.

It's probably my first post on this mining board so spare me if i share anything you already know or not correct.I am not mining sort of person and have little or say no knowledge about this mining with all that stuff like ASIC machines and those rigs.But familiar with the procedure as technical working of Bitcoin is cleared to me.

Just wanted to share with you guys that Bitmain a name all mining community is familiar with as manufacturing mining rigs and supplying them across the globe has now launched Antminer S19 Pro + HYD as the latest one to help the miners

 

It is supposed to be built over liquid cooling technology that can boost the hashpower which seems impressive to me as a normal man who is not much familiar with the mining business.

The mining machine will have a hashrate of 198 TH/s, power efficiency (@ 35°C) of 27.5 joules per terahash (J/TH) and will consume 5445 watts of power, according to a tweet.

In comparison, the previous top-of-the-line Antminer, S19 XP, has a hashrate of 140 TH/s, power efficiency (@ 25°C) of 21.5 J/TH and consumes about 3010 watts.

The new model will also incorporate the “latest liquid cooling technology” and is designed for use with Bitmain's Antspace HK3 mining container.

The adoption of liquid cooling has been increasing in recent years as an alternative to traditional air-cooling, which allows mining machines to be immersed in a synthetic hydrocarbon compound liquid that has no electrical conductivity and is fully biodegradable.

This specialized liquid can reduce heat, power consumption and noise stemming from the computers, as well as prolong the lifespan of the machines, allowing miners to maximize profit in an increasingly competitive market.

The Shipping date for the same is May-Sept 2022 and for additional information you can visit their official site : Bitmain Antminer S19 Pro

My doubt how much productivity will it enhance? and what extra benefits will it have over the past ASIC machines?

[Craig Wright]

Don't know which board this topic will be appropriate adequately so posting here and in other way want to create some awareness among newbies about one hot topic

Although i share some memes in WO thread about bitcoin prices and have discussion about them but recently i shared one meme there which has a meaning in it which is worth noticing.

Made me laugh hard



To all the faketoshis in the market this technique is worth trying but still it won't help you.

There are lot of faketoshis surrounding the market and making claims they are the real Satoshi behind the creation of digital currency bitcoin but in reality they are frauds .The biggest of them is Craig Wright who has done so many attempts to prove himself as the real creator behind this innovation but those who know about bitcoin they can know from the meme why he is the Clown who is just asking everyone to support him just in order to claim those 1 million coins but in reality doesn't knows the fact who has the keys is the owner and Satoshi was not a fool like him.

Just shared it with you all so that you also knows those who are claiming themselves to be the original Satoshi like this clown Wright are the biggest frauds who will get nothing and we should not give them importance at all.

There was only one who has still managed to hide his indentity perfectly and all others are just front stage bad actors making worse films for them.

This is one of them Fake german Satoshi arrested

And just waiting for this type of news for Mr.Wright also and it is not too far away as many have come to know about true functioning of bitcoin and true reality of proclaimed Satoshi.

[Bitcoin is hedge guard against inflation which you need to grab ar the right time]

Feds printing notes to resolve financial problems of the countries is not new concept at all but they have been printing money at such at enormous level that if we see hyperinflation few years ahead but in reality it would come to the real world soon and then what will happen? The Feds will be busy printing notes again to tackle it creating even worse situations ahead or in simple terms your Fiat useless or mere piece of paper only like what happened in Venezuela where you could not buy toilet papers worth millions of dollars also and they have thrown them into garbage dumps of city :

But the problem is they don't see it as bad move and now you could see how much the supply has increased over past time like over 80% of US dollar supply is printed in a decade only.

2016 : Fed prints $6.25 Million each ten minutes

2021 : Fed prints $12.5 Million each ten minutes

While bitcoin halves US dollar doubles

Here is illustration for the same that how the money supply has increased over time and you could easily recognise how much was printed over past decade

But the problem is they still not take lessons from their past mistake and wants to raise the debt limit again by almost $ 2.5 trillion and bill was passed in the Congress session  for the same :

Congress gave final approval early Wednesday to legislation that would raise the debt ceiling by $2.5 trillion, moving over nearly unanimous Republican opposition to stave off the threat of a first-ever federal default until at least early 2023.

Senator Chuck Schumer of New York, the majority leader, said on Tuesday that the $2.5 trillion figure would be enough to punt the threat of a default past the midterm elections next year, an assessment shared by the Treasury Department, according to a person familiar with its internal estimates. The debt limit, which covers debt incurred by administrations from both parties, is currently set at $28.9 trillion.

Congress $2.5 trillion debt limit raise

You could check there is line in the article that says as follows :

“The American people can breathe easy and rest assured there will not be a default,” Mr. Schumer said in a speech on the Senate floor.

What the hell? You create all the problems and then prints notes out of thin air and says now people can relax easily? Well that's what they have been doing from past hundred of years like putting the whole blame on each other but the money printing game continues every time no matter who is in the white house.

But they do have the impact on currency devaluation and you could easily find that almost each fiat currency has lost it's quite good amount of value over time and then they say bitcoin could destabilize their economy like they were doing the right thing and knows inside bitcoin could safeguard them but still don't want to accept the reality.

Recently bank of England also issued some statement like btc could go to zero ignoring the fact the value British pound has lost over time :

Secondary dollar devaluation is not a new concept for most of us and we are aware that how much it has lost in value over all these years and spending billion dollars on wars and then again printing more and more out of thin air and then say crypto is not backed up by any thing like the fiat which only some knows in reality but they will keep talking shit about btc as they fear decentralisation of power.

For all these reasons i have invested in Bitcoin after so much research and that's why dips also don't matter in the end and have shared about the same here : Reasons why I prefer Bitcoin over any other assets and dips don't panic me....

The same is situation with almost every currency and that's why we need bitcoin as the main source to protect us from coming inflation or say super inflation situations that could be more worse than they might seem to you.Bitcoin is the exit policy from all such worries.

Bitcoin is hedge guard against inflation which you need to grab ar the right time.

[Dollar devaluation]

Bitcoin is not a new term to most of the investors or general public in whole and it's all over the news due to increase in prices,major companies making move to accept it as mode of payment or investing huge sums of money into it like Tesla with approximately 42k bitcoins and Microstrategy with 110k bitcoins in the balance sheet.We all know how much importance and recognition it has gained with time in the period of 13 years

Year          Price
2009         $0
2013         $200 (200x)
2017         $20k ( 100x)
2021          $68kATH(4.25x) Overall (68,000x)

Although we are at $49k at current

Have any other assest given you this much profits with holding them over all these years? The stock market was the only best option to people aside from gold but after the introduction of bitcoin people slowly and gradually became interested in Bitcoin and then whosoever came to know the decentralized, deflationary and secured system they put up the money into bitcoin.

Dollar devaluation

People fear when the bitcoin prices fell down but have they ever cared to notice how much the fiat they are holding for years like the legal cash which they earn as salary,spend them on various items, paying taxes has depreciated almost 70-80% of it's original value over this time and this is the case with most of the currencies over time.If your USD is strong compared to some other weak nations currencies it doesn't imply that inflation has not hit the same but the case is different for all nations and over time it will become value less or just piece of paper like in Vietnam there are one Million Bolivian dollar could not buy you toilet paper only so what's the holding of these currencies at last if not investing?



Gold devaluation

The fiat have gone too much down in the value and speaking of another safe heaven gold for people and have the top most priority of people's investment has not given any returns over past 10 years and moreover there is value depreciation of $4 for $1000 worth of gold investment so what's the fun of holding these gold bars in your bank locker which is shining metal only to show off to people only and not going to give you any returns for future guarantee?

I often see posts on the Internet from novice crypto investors: is it worth investing in bitcoin, because it is so expensive? It may be better to invest in stocks of well-known companies or in gold, because these investments seem to be more reliable. For such people, this picture will be a good motivation to choose Bitcoin as an investment.

Inflationary Financial Assets

You people invest in stock market and is the returns stable? NO there is volatility there also but some don't fear the same because it's regulated and you feel safe? Or you think the stock would pump again and funds will be restored with profits? So why not have the same approach for Bitcoin also which has given so much returns over all these years? I prefer because all other asset are not deflationary and you can't have $100 remaining $100 also after 5 years also so you need to invest it so why not make wise move and prefer bitcoin for the same reason you are investing in other financial assets?

Why not altcoins?

I would not go into much detail about the same as i have given it many times but to explain it in simple way here is illustration for you all :

So if you understand the market and want to safeguard yourself from all of these problems then BTC is the best option for you.Few understand it fast rest late but soon you understand the better it will be for you.


I am proud btc holder and these are the reasons why dips don't panic me and I am not afraid of because all other investment have already been screwed up already by the government policies and all that same stuff but btc is hope to me personally that shows some bright future ahead free from worries if I manage to HODL for all these years and I will surely do that.Do you guys have any other options?

Most of us here are aware about the term Bitcoin but how many have told their children about the same? I have came across some threads in which members have hinted that they are setting up wallets for their kids and even kids mining some coins for huge profits at an early age.But they all have learned it through some source and it's good to teach the children about bitcoin even not too technically but some kind of methods like book reading which could benefit them more in future.

I was just wandering across the twitter when i saw @realbitcoinmagzine post in which they have shared an image of children learning about the basic of Bitcoin in one of the School in Slovakia and just shared it in WO thread also and here is the reference from the same:

That's really awesome



See we don't need to over burden the students and children at an early age by making them learn or forcing them to study about the technical aspects of Bitcoin but this time is best when you can grab more out of your mind and if you are aware about bitcoin at this age you could save yourself from future problems and reading about them is best.This school deserve my respect.

The book they are reading is this one :

It's available on Amazon easily in different formats.

Slovakia is country in Central Europe and have an estimated population of 5.4 million only and it's the best tourist place for castle lovers and what is Slovakia is best known for as it has more than 180+ castles and 425 chateaux.If this small country can take this big step why can't we? We also need to educate our children and make them familiar with bitcoin but in an interesting way as many like technology these days if all not and to educate them so they know about true financial freedom.This is the change what we all were wanting and btc has come a long way to this.Happy to see this school making bolf move.

[Katie Britt]

Bitcoin is not a new term to most of the investors or general public in whole and it's all over the news due to increase in prices,major companies making move to accept it as mode of payment or investing huge sums of money into it like Tesla with approximately 42k bitcoins and Microstrategy with 110k bitcoins in the balance sheet.We all know how much importance and recognition it has gained with time in the period of 13 years

There was time when many did not embrace it or didn't like to invest as government and media have potryed it in negative sense like it is used by criminals and all other illicit works are carried out by it.But with time when people came to know about the true use case of bitcoin and prices were increasing due to demand many people become interested in buying and investing in bitcoin.We heard many are accepting btc payments and recently El Salvador accepted it as legal tender which was turning point of btc.But now there are so many people who wants to accept it and here are some of the famous people joining the btc club.

Here i am listing some people,band, club, players accepting btc this year.

1) US Senate candidate Katie Britt announced her campaign is now accepting btc donations through Bitpay app.She is accepting btc donations for election campaign and she has updated the page with that also and you could find out it here:

Britt is running for the Republican Party, which is the historically strongest party in Alabama. For example, in 2020 the Republican candidate for Senate in Alabama won with 60% of the vote, compared to 40% for the Democratic candidate.

Donations


2) OneRepublic has signed a deal to accept bitcoin payment for the next show and they have become first major US artist to do so.

OneRepublic is an American pop rock band formed in Colorado Springs, Colorado,[5] in 2002. It consists of lead vocalist and multi-instrumentalist Ryan Tedder, guitarists Zach Filkins and Drew Brown, bassist and cellist Brent Kutzle, drummer Eddie Fisher and keyboardist Brian Willett.

One republic accepts btc


3) The latest NFL star Odell Beckham Junior announced that he will take his 100% salary in Bitcoin through a partnership with Strike app and according to his salary he could make $4.5 million in one year.He has signed deal with Los Angeles Rams and here is his contract according to reports:

Beckham's contract is a one-year deal that contains a $750,000 base salary and a $500,000 signing bonus, according to NFL Network's Ian Rapoport. The full value in which his contract can total includes $4.25 million with $3 million of the deal being incentives

ODL nfl Bitcoin deal

4) Perth Heat the Australian baseball club is next one on the list to pay their employees in Bitcoin and also holds btc on their balance sheet

The Perth Heat is a baseball team in the current Australian Baseball League and a foundation member of the Australian Baseball League. It is now the most successful team in ABL, winning 15 Claxton Shields

Perth Heat paying employees in Bitcoin

5) Another NFL star Russel Okung is also accepting Bitcoin and has demanded to be paid in Bitcoin for his pending salary.He has also converted his half salary of $13 million into Bitcoin.



Russel Okung btc demand

6) Aaron Rodgers is the next on the list to take some portion of his salary into bitcoin.He has also tweeted about the same and also giving away $1 million in bitcoin to his fans while in partnership with cash app.

Aaron Charles Rodgers is an American football quarterback for the Green Bay Packers of the National Football League

Aaron taking salary in btc

7) Rapper Meek Mill has also recently announced that he is getting his next record deal paid in Bitcoin

Robert Rihmeek Williams, known professionally as Meek Mill, is an American rapper. Born and raised in Philadelphia, he embarked on his music career as a battle rapper, and later formed a short-lived rap group, The Bloodhoundz

Meek Mill btc deal

There are many more to the list which i have not listed yet but it's just a sign to show you all how the Bitcoin has moved from it's the worst to it's the best crypto and now all want it.The list is long and will continue the same way but at much faster pace.

The world is eagerly accepting Bitcoin due to it's usages, security and deflationary nature and we all know the supply cannot be increased and it's of 21 million only and that's why everyone wants to be part of it and this is clear sign of rising adoption curve.If you know you know it.

[we have missed the boat]

With Bitcoin prices reaching close to $70k in 2021 and setting up new ATH for all the holders i wonder how far we have came up with that and now having only 1 btc is sufficient only or accumulating even some sats is profitable to the holders in long term.

We all could have some different goals like with extra funds we could save more or less btc and every member could set his target no force movement in that but many times we have heard the line we have missed the boat and found out that this is not a new one as people have been claiming this from the initial days also.I found a similar thread and went up to read different posts about the viewpoint of members discussing how many btc they have.

Here is a thread from 2011 : https://bitcointalk.org/index.php?topic=12893.20

Some of the interesting quotes from the thread are here:

approx 320. Most in bitbills ;P

About 583, after spending some on Namecoins. I guess it's a lot to some people but of course I'm greedy so I wish I had more.

Reading this makes me really upset that I sold 112 (all) of my BTC a couple months ago for only $118...

Don't feel bad, I sold 5K for 1500€

There are some other members discussing about hundred of owned Bitcoin and selling them at very cheap prices or say some are sad that they only have 200 or 300 coins.Many of them were miners in the early days but what i wonder is whether they still holds all those coins or not?

Here is one more proof to the same:



Profile: https://bitcointalk.org/index.php?action=profile;u=316

The reason why i am making this thread is to make newbies aware that sometimes we feel that we already missed the boat but in reality it has not started the voyage at all.All those coins if stored safely would now be worth millions or even billions if you made the excat calculations.

There are lot of altcoins that might be shining at this time but Bitcoin has been the king of CMC from long time and will remain the same and there are more chances of growth so you better don't get eroded by all such things like you missed the boat and do the same mistake they might have done.Just jump in and enjoy and stay safe.

[Blockchain]

As we all know that bitcoin is becoming quite a intersting topic these days due to all the news ,high profits and latest trend among the people due to which many wants to learn and invest in it. But those who have made up account on bitcointalk forum have reached a heaven where you can learn a lot of things about bitcoin and other crypto related stuffs.

But when you join the forum with newbie account you might be familiar with bitcoin working or not but you can have some prior knowledge about it and for this I am gonna advice you take this test for small help in your knowledge enhancement as newbie regarding bitcoin :

BITCOIN TEST

This is really good test setup for people who wants to know about bitcoin and be familiar with it's working. It contains 50 questions which cover questions related to various topics like :

1)Blockchain
2)Bitcoin Mining
3) Economics
4) Bitcoin Working
5) Others

So if you are newbie or familiar with bitcoin try giving the test and you would come to know how much you know and where you lag behind. You can then work upon such topics where your answers were wrong and gain knowledge about them in detail later on. This is little help for you to enhance your knowledge and self evaluation of your bitcoin knowledge. This forum will teach you a lot no doubt but you can try learning on your own also with such knowledge giving tests and other things.

See this is not a competition or anything which you will be rewarded but just your self evaluation so don't try to cheat by giving the test again and again as this will not help you a lot in the long run. So best is to give the test on your own without any google search or any help and then note down the points where you was wrong and work on them.

Purpose of this thread:  My main aim is that you can gain some knowledge and be familiar with some basic parts of bitcoin and blockchain with this test as you will have to give answers and you will gain knowledge from it and the post quality is enhanced on the forum.So if you are willing to learn something the surely give it a try otherwise leave it.

Rules for posting the results here:

1) As a newbie you would not be able to post image so just copy BBcode link for image uploaded to image hosting site like Imgur or imgbb and paste the link in your post

2) You don't need to edit the post once you have posted the results to avoid any cheating so give it once only.

3) Post the screenshot of only results not the full page.

4) Junior and above rank members can post screenshot with [img height=200]


I am not a merit source so my smerits are limited but still will try to give to members scoring good in the test but remember if you cheat you will gain 1 merit but no knowledge so just know the difference and do better for yourself. This test is not limited to newbies only and other members can also give it a shot if they want to check their bitcoin knowledge. So best of luck to all the members.

Rising inflation is not a new concern for the economies but growth in prices at alarming rate and others or moving towards hyperinflation situation is matter of concern which needs to be taken care of but no what the government are busy doing is just printing more and more notes or say printing more fiat making it worthless which can be compared to piece of papers only.The developed countries are also facing such issues even though it's less compared to underdeveloped or developing countries like in US or any but now this time UK is witnessing inflation peak in food prices with growth in one month only

UK inflation made its biggest jump on record in August, adding to pressure on households as the government ramps up taxes on workers and prepares to cut universal credit benefits from next month.

The Office for National Statistics (ONS) said the consumer prices index measure of annual inflation rose to 3.2% in August, up from 2% in July, to hit the highest rate since March 2012.

The 1.2 percentage point increase between July and August was the largest since records began in January 1997

Moreover the government has ramped up the taxes and cut the social benefits also.Who is gonna face all these situations in bad way? The middle class who have trusted the banking system and government but they failed to manage such situations.This is just a step towards devaluation of your fiat and you will be worth zero near future.

UK inflation rising

So what is best for you? Bitcoin can safeguard you from all these things and provide you deflationary future ahead and you don't have to worry about all these things.Have your bitcoin stacked with you ASAP.

[bitcoin payments are accepted]

There are lot of groceries stores around me but they all belong to same category like accepting cash or card related payments and bitcoin is not as much famous in our locality. I often went to buy stuff on my own but this time an unusual thing happened with me. As I was passing by the road I see a board up the store that bitcoin payments are accepted here and was surprised to see this and immediately went in to meet the owner out of curiosity. It is not a big store and you can buy regular stuff from there like groceries and some food packaging materials.

     
 I talked with him and I was surprised to see that he has all the technical details of the bitcoin working and he appreciated the bitcoin exposure more and more and was accepting it that's why. It was good to have long discussion with him and sharing our thoughts on the same was really good experience. .At last I thought to interview him and share the same with you all guys which I thought must be good idea. So here is the interview session with him :

Q1 How did you come to know about bitcoin?
Ans. It was 3 years back actually when there was news about bitcoin and other cryptocurrencies and it was new term for me and being interested in technical things from the start i became keen to explore bitcoin to know exactly what it is and how it works.So i made deep research about it and it opened up new decentralised door for me.


Q2 So did you know the technical working of bitcoin?
Ans. Yes i am aware of the technical working of bitcoin although i am not a programmer but I have learned about the mining process and how transactions are made and recorded on public ledger which is called blockchain.There are many things in the backend of which i am aware about (i was happy listening to him)

Q3 Do you think bitcoin is better than fiat?
Ans. Undoubtedly, bitcoin is our funds and fiat is centres funds and they can prohibit users making transactions and ask documentation for the same but bitcoin comes with freedom so we both must be of same thinking 😄


Q4 How many customers pay with bitcoin here?
Ans. There are some users who are paying with bitcoin and i was also surprised to see that thing as bitcoin was not famous here but you can say that i have 4-5 regular customers making btc payment to me.Hope to see numbers increasing.

Q5 How do you accept bitcoin payments?
Ans. First i was not having many customers paying with bitcoin on regular basis so was accepting payments with my qr code set up on front desk.But it usually takes 8-10 minutes for 1-2 confirmation but now i am having 6-7 customer fixed so will be opening LN channel with them on any wallet like phoenix to avoid such issues.

Q6 Do you convert it to fiat or holding to your funds?
Ans. Actually i can't hold all my funds in bitcoin which is my bad luck as this store is my source of earning and i have to refill the stock regularly so i need to have cash with me as they don't accept btc payments still.So.i have set up my rule like what i need is converted and profits partially are hold in bitcoin.Like i made $100 profits then i will hold $40 in btc and rest i need them.

Q7 Fees and Volatility don't affect you?
Ans. I usually convert payment in btc at the last of month and in single transaction so whatever the fees is i don't care because i am going to use it anyway.I also get cash profits also so not major loss and know when prices will rise profits will be enough to cover all those past expenses.

Q8 Do you think government Should legalized its usage?
Ans. For sure the the underdeveloped and developing countries need to regulate bitcoin and give it legal status to boost their economy and leave the pessimistic approach to have full control over the people otherwise they will still lag behind in every term and inflation would kill the economy.


Q9 What security measures do you take to secure your funds?
Ans. I am using hardware wallet Ledger Nano S for this and have backed up my seed phrase in various locations which are easily accessible by me not everyone.(This was best part i wasn't expecting from him )

Q10 How much user growth you see in bitcoin payments?
Ans. See at this moment i have less users but soon more will be paying with the same method and i believe it.

Q11 What message you would like to give to the readers of this interview session between us?
Ans. If you want to revolutionize the world and be free from central capitalism and take control of your funds then don't fear Bitcoin rather be part of it and invest, accept or pay with it and you will have great future ahead.


This was one of the best bitcoin talk I have recently made with an completely stranger person few moments ago but now we share a btc bond that is unbreakable like the network and will buy groceries from him monthly by opening a LN channel with him along with his other 5-6 customer and decided to meet him whenever we have time to talk. I also introduce him to the bitcointalk forum and told him that he can learn even more from here and can ask any his question related to bitcoin and seek advice of senior members on technical topics also and they will be ready to help you a lot.BTC