I like your thoughts franky but its a bit ironic that you accept in the outset about having made bank through bitcoin to begin with.

Most people doing the advertising or looking to do it hardly care about gambling or mixer privacy or any of the shitcoins that used to get advertised in 2017-20 when altcoins first started being a thing. Everyone does it for the extra cash and more importantly, the easy bitcoin DCA.

It is indeed a luxury in today's precipitous world to know that your future is secure because of good decisions or fortunate co-incidences of the past. At the end of the day, everyone is looking for the "fuck you" stack, or in your case, "frank you" stack. Let them be.

Thanks for putting it so simply.

I don't think the basic premise that 'some' inflation is needed is going to change anytime soon. Like you said, if there was zero inflation, there would be no incentive to invest. People with generational wealth would simply sit over it and earn interest because they wouldn't have to care about beating inflation.

It is a vital part of the macroeconomic engine of our world. Its a necessary evil and like all things, balance is crucial.

Japan is often the cautionary tale of what happens when a wealthy, hard working but ageing population goes into the state where there is zero or no inflation. The Govt provides stable. low-paying jobs to a bunch of people, rest of the society breaks its back in a cycle of low-paying temporary or contractual jobs and 'work' becomes a big part of your being. In my opinion, you can't have the spirit of risk-taking and entrepreneurship that defines capitalism, without some level of inflation.

For all the years I have been here and Theymos still comes up with something that I can never imagine.

God there's so many people smarter, wittier, more intelligent than me in the world. Wish I was as smart as half of these idiots..

I think government has its hands tied because the nature of cryptocurrency is such that it can lead to a lot of scams and discontent in a country like India. The anonymous nature of the related businesses attracts the worse type of scammers. If the government comes out with actual regulations, you would see an upsurge in the number of scams where shiny, scammy adverts will appear saying "certified by the govt of India" or something of that sort.

The government and more importantly the financial and law machinery isn't well-oiled enough to deal with and prevent such scams.

I doubt they have any options. They have put it under taxation as an interim measure while leaving the brave to try and earn in this market. The scammers will still scam but i guess the logic goes that they'll have to pay taxes when converting to fiat.

Recently there were reports about apps that act as loan sharks and utilize cryptocurrency payments. Those kind of scams will have a complete free run in India if they can catch enough people in the name of being able to use crypto for loan funds.

The situation is complex and would need dedicated resources and departments in RBI to regulate such players. Doubt its anywhere on the list of priorities for the government.

What we are seeing in the world today cannot simply be called an economic recession. There are deep social and geopolitical changes where most of the post 90s international business/ trade etiquette has become obsolete. The growth we have witnessed in the last two decades has been due to two major reasons:

1. Proliferation of tech companies and IT services.
2. An active sociopolitical backing for globalization and cross-cultural teams (ensuring cheaper workforce for western companies, especially tech)

Both of these pillars have now outlived their utility. COVID has made companies re-look supply chains while work from home has shown them that maybe they don't actually need all those people. Couple that with the most recent wave of work automation which is being touted as AGI.

All of these factors mean that the whole value arbitrage between countries is changing in real time. This is also one of the times when the fundamental strengths of the American economy are again on full display. It stands to gain the most in this value arbitrage. Next in line is China which has done wonders to its capabilities.

The countries that are most vulnerable are the populous third world nations that have ridden on the west's need to have more "English-speaking" workers to do hitherto menial back-office work. These countries include India and those in SEA. Both of these groups stand to lose big time, unless they can start relying on their internal markets.

In short, we are not in a global recession but there will be a lot of downgrade to life standards in the "dependent third world nations" in the coming time period. I doubt that the US or the developed west has anything to worry about. This whole situation has been intentional and a long time in making to ensure wealth preservation for the Western elite and its playing out beautifully.

Since the start of the trial, Judge Mellor had shown real restraint. If you followed Norbert on Twitter, you would have enjoyed his minute-by-minute updates about the cross examinations as he was present inside the courtroom. The court even had a provision for getting access to the live feed but it was illegal to make any sort of recordings.

There were some hilarious moments including wright being asked what a "const unsigned int" means. He was unable to explain what unsigned was.

Then there was the amazing stuff about wright talking about hosted platforms changing his documents, the new excuse about the watermark in whitepaper. It truly was like the narcissistic, pathological liar was inventing lies on the fly. At a lot of points, he has his own lawyers embarrassed. If i recall correctly, his lawyer at one point said, "I am not sure my client knows what he is talking about my lord".

The high point of course was the closing remarks by Judge Mellor recounted below for your enjoyment. Read every line to your heart's content for all the times that you had been exasperated seeing that slickly dressed, smug SoB bamboozle people with his feigned expertise and jargon. Here is what Judge Mellor said at closing:

     

Joya.Casino Username: hectoroll
Rank: Legendary
Bech32 BTC address: bc1q3lfd7zycc2fv84u9sr5777u4n59tdddeyz8fav

The honorable miner patron of bitcointalk, always the one with the most practical and straightforward advice..Have missed these for the times i have been away from the forum.

I like that strategy and the concept. But yeah, DCA'ing is the way to go with bulk buys as per your capacity. Doing it with ladder buy and sells would be the idea thing. What i think is that with the advent of the bigger players, Bitcoin pricing will now be driven a lot by the fundamentals regarding legislation, perception etc. Those are the real signals now. The time of retail investors running the price up is possibly over now.

The traditional markets are tanking everywhere so that generally shows up immediately in bitcoin these days. You can't really be sure that the price will not dip below this. Like always, the BTC movement leads to some sort of frenzy in some other unrelated area. The frenzy this time seems to be memecoins and L2 networks which are seeing mad swings, scams, pump and dumps.
Nothing really new here except the substantial positions that the ETFs have taken. Now we'll see the effect of truly mature speculation on the price because the institutional traders are going to do their thing on this big a scale for the first time. DCA'ing is still the best thing to do in my opinion.

Maybe do a few bulk buys as per your capacity by keeping a target assuming that you can wait for the ATH as well as take the L for sometime if it goes downwards.

A few years back, this was a pretty respected practice because good posters weren't so easy to find on the forum. There were some who exclusively wrote essays, and good ones at that.

Now, looks like inflation and the tech downturn has given people a lot of time as well as motivation. On top of that, it has become far too easy to write a lot without saying much.

What i notice though is that there are fewer novel topics of discussion coming up. Its mostly the same things being talked about that we used to argue since the days of Segwit. Jamie Dimon anyone?? LOL.. I maybe wrong on this as I am just finding my way back to the forum after some time. Maybe I haven't been to the exciting nooks yet.

Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1107844
Current amount of Posts (Including this one): 2721
SegWit BTC address for payouts: bc1q9kcppnnw7qka2xnwwfnn5jm778kvgf6pkt942w
EARNED merit in the last 120 days: 10

Edit: Sorry, didn't notice that this was just for "Full Members". Got excited looking at the slots mentioned in OP. All the best to Full member applicants!

JPMorgan Chaseis the biggest bank in America. It is odd the way that someone like Jamie Dimon who has presided over this empire for so long, can be so foolishly opposed to an idea.

A bank is in the business of managing the movement of money but the more important function that banks perform is managing the credit cycle that leads to the multiplier effect. Bitcoin is simply not in that same business and has nothing against the work that banks do.

This is also the reason that a lot of these institutions are now gradually starting to accept that Bitcoin is here to stay. Yes, there is a need to dissuade bad players but that a law and order issue which is definitely not exclusive of Bitcoin. Instead of rallying against bitcoin in such stupid manner Jamie should use his clout and the enormous resources to find a way to better integrate bitcoin into his services.

His opposition is almost like a hatred, an emotional stance, rather than a well-thought out, rational one.

It is funny how times change. At one point, mixers were celebrated as the harbingers of liberty and privacy on the forum. Yet, the way that they started to be used  to obfuscate the origin of a Bitcoin has led that to change completely. The origins need to be obfuscated so if ill-gotten/ hacked BTC is to be cashed out, you eventually need to go for a CEX which will probably need KYC.

With the ban, i suppose there is little to support that cause anymore.

Mixers would have been a good idea in a world where you only used it to hide your tracks for the sake of privacy. Yet, i think few people do it to keep it that way. On top of that, if one really wants to maintain anonymity, it can still be done if you do P2P transactions/ trading only.

As far as the question that whether we need bitcoin mixers, i think those who use them will continue to use them. Its just sensible for the forum to stop association with them because of the nuisance the criminals create with them.

The western countries, especially the scandinavians have done a pretty good job of halting corrupt practices in their society. So again, generalizing it to every country is not right. Any discussion on corruption in a populous, poor country like, say, Nigeria or India has to acknowledge that the systems have been left to rot. We have failed to inculcate ethics in society because of the cut-throat race for survival and money.

Its stupid to try to defend the "honor" of the country when it comes to corruption. People are misled based on these statements and the politicians get away with it. You are just being a useful fool for those politicians if you equate the two things.


Acknowledging that Nigeria is corrupt doesn't mean that the people are bad/ evil. The people are just plain ignorant because of the level of their societies. The same was true for western societies for a very long time. Even today, you will find ignorant Americans who will talk about Flat earth, conspiracy theories and will be downright supremacist and racist. Those people are in every country. Yet, due to the level of leadership, social debate and human values, these societies have gradually reformed from within.

We have to be laser-focused that reform needs to come from within. And diverting the corruption topic by making it about how the people are not bad or how the country itself is being manipulated by Americans, is a sure shot way of being a useful fool in the hands of the very politicians who are the cause of social/ economic degradation.

Another educated person who thinks he has it all figured out because he uses big words like "Neo-colonialism". Are we going to talk about "Cultural appropriation" next??

Your theory goes that the developing world sucks because the West doesn't allow them to progress. You talked about Gaddafi. In Libya and the other Arab Spring countries, all that the west had to do is destabilize an already precarious peace between generally two warring parties. Do you care to ask that why the fuck are those people, who are Arabs on both sides, Muslims on both sides, speak almost the same languages; still can't reconcile their differences and give a "Fuck you" to the west??

It will always be in West's geopolitical interest to keep the Arab/ African lands destabilized and dependent. So they do it..Why the fuck can't those people figure out how to stop killing each other??

Take Sudan's example. The people are very much ethnically same but those from the North consider themselves Arabs and Muslims while they see the southerners as Ethnic Christians. Now that North-South separated after years of bloody conflict, each of them is again busy in fighting along their own ethnic, religious fault-lines. (Nuer vs Dinka in South Sudan. Army vs Revolutionaries in North Sudan)

What you guys in Africa and all of Arab world need to realize is that the West isn't the root cause. The root cause is the deep divisions within your own societies where you are willing to kill your fellow countryman if he happens to be from another ethnicity/ religion/ language/ ideology.

But yeah, "Death to Gamora" is so much easier of a rally call to keep all the sheep in line.

Nothing wrong with us. We are all awesome people. It's America doing all the destabilization!

Why are you so sure that the market is being manipulated. Especially Bitcoin. Bitcoin is not promising smart contracts or a world computer. It is just the penultimate settlement layer and reserve currency of the evolving Web3/ DLT world.

Also, when it comes to market manipulation, it is generally stuff like insider trading that corporations can engage in, specifically the people within those organizations who are privy to privileged information. In case of Bitcoin, there is hardly anything that can be hidden. The network is transparent for everyone to see and anybody who tries to buy/ sell the news is going to do it in full public view.

Unless the SEC itself is compromised about the ETF news.

It is good that the gig workers are making ends meet but the government will have to be more proactive in establishing norms of their employment. As far as job creation is concerned, government had a huge role to play in it but for the last 5-6 years, they have been banking on startups and local production to boost jobs. This is yet to create an impact because there are no regulations as to how much should be paid as per the type of work being done.

Well-paying, regulated jobs are few and far between. SMEs do not pay well enough or even as per the needs and welfare of employees. We need real innovation and a continuation of exports. There are no easy answers but the push towards electronic manufacturing would be good.

Knowledge economy should also be continued to be promoted. Web3 and DLT technologies included. Yet, the powers that be are not convinced that this won't solve more problems than it creates.

If lack of merits is the factor then that should not be a problem here on. Let people show a little bit of activity with well thought out and useful posts.

I also sent some merit to you @pakhitheboss so you can have sMerit top-ups. Lets get this wagon rolling. Would love to see who bags the prize. i would say that keep extending the competition till we have some good traction. I can help top-up the prize pool when this one ends.

A few posters above confirm what i was saying in my post.

People make comparisons egged on by their stupid media and stupid politicians. They tell them that the problem is not their own leadership or thought standards but the WEST is the problem..."Yayyyy...Death to Gamora".

My whole post was not about hurting the sentiments. I clarified that much towards the end.

Yet, people don't read their own history. African nations have nobody else but their own divisions of ethnicity, tribes, languages and religions to blame when it comes to their historical exploitation. One warlord fighting against the other while the west is able to make them kill each other, supply weapons, get cheap resources and profit from both sides.

No major revolution came out of any of these African countries except in South Africa. All they did was get their own heroes killed and crucified when they tried. My whole point was, stop blaming the west and find your unity irrespective of the divisions. Maybe then you can boast about Nigeria having resources. Stop making excuses that the countries have gone to shit.

People saying "Corruption is everywhere" to a post about corruption in Nigeria really trivializes the point the OP is making. Yes, there is corruption in other places too but most of the developed world stands where it is today because the rich and powerful were not so easily able to trample rights and just practice unchecked corruption in those places. Someone gave the example of Switzerland. Are you out of your mind making a comparison between an impoverished, filthy, socially and politically broken and rotten country like Nigeria with Switzerland??

Really?

Its the age of right wing governments around the world and you will always hear these chauvinists egging people on to be "proud" of their heritage and culture. Tell me, What the fuck does a lot of these poor, impoverished African countries have to be proud of??? They let themselves be split in factions, tribes. Nigeria has these deep divisions due to Islamic fundamentalists, the divisions due to languages and what not.

Be proud all you want for the reason that you were born in that nation, but lets not wash over the plain fact that the leaders of these nations have been corrupt, power-hungry, incompetent fools. On top of that, the people themselves have fallen in ethics, humanity, dignity and honor. There is a reason that the "Nigerian Prince scam" became a meme to denote scamming throughout the world. The people will justify it in their own way but this reality is something that every Nigerian, every failed African national should face and ask to themselves. The people who rule you are generally only as worse as the people themselves.

These nations have let their culture and humanity rot. Lets not even go to the extreme sexual violence and the pathetic state of women in countries of Africa and impoverished Asia/ India. Frankly, Africans should really re-recognize their humanity first and then talk about bigger social things like corruption. You let Belgians fuck Congo over and really just became what Joseph Conrad described as the "Heart of Darkness".

That my friend is the unadulterated truth about the state of African nations and their history. Lets not trivialize it with "Ohh, corruption is everywhere". You have far more serious problems to consider than just corruption.

EDITED: Please don't consider this as a hate post about Africa or Nigerians. I am not against any people. I have met many cool African friends. Yet, the problems of Africa are something that has always broken my heart since I was a child reading about it being the "cradle of civilization". I understand that a lot of this impression may also be wrong considering how things have changed in the past 20 years. Yet, i have read enough of the sad histories of Uganda, Congo, Rwanda and countless others. Even South Africa has these horrifying crime figures in Johannesberg. It almost feels like Africans have become incapable of humanity. May God help them all.

holly molly..This is going to be all over the crypto news as well as MSM i guess.

Wish there was a reaction recording of the guy while spinning it? Maybe just the voice atleast. All that I can hear is the background music and it just inconspicuously suddenly clicked the yellow thing with a flashing "winner" at the wow pot. Can only imagine the guy's new year party!

Well done sportsbet.io and congratulations anon!