There won't be any ICO with this one, it won't need a new coin or token since it works only with BTC and there will be no possible return from it.
Or at least this is what they claim now!

A few things about this on the first lecture, the technical data can wait till I had another coffee
- not really a new concept, the same things has been already tried once
- interesting that they are using naira and BTC in examples, so guess this is already targeted at a specific audience
- I was really curious how they will handle escrows and disputes, again, nothing new, rebranded them as oracles (d'oh) that suffer from the same flaw as every previous solution, two or three people colluding will be able to force a decision even it's unfair. Furthermore, positions are either appointed by the team, thus stopping decentralization or voted in, which means they can be a victim of sybil attacks. (acknowledge by the whitepaper)
- the interesting part would be the so-called bulletin boards, but I think the design of such boards relying on offers relayed via nostr message would be really unappealing to the masses.
- the whole rank proof servers idea, seems neet but wouldn't it be also a simple attack target?

I'll read it later on in more detail, although for the average user what's more important is how easy it is to use, not the magic that happens behind the app.


What do you mean by getting implemented in the blockchain instead of Nostr ? The signals between participants?


There was a bit more than just regulations:
https://www.coindesk.com/tech/2023/04/08/drugs-erratic-dismissals-and-feuding-founders-behind-bitcoin-marketplace-paxfuls-unraveling/

How many data centers have you seen being bombed by competitors in the US or EU?
You can't look at wars in Africa over mines or drug cartels wagering war in Mexico and think this will happen everywhere!

Just because there are people killing each other for gold mining in some 3rd world country doesn't mean:
- those people won't kill others for anything else, be it cattle, a motorcycle or some cash
- this will happen all over the world


And we haven't found a  solution for hiccups and we still use a ton of energy to power water fountains.
Let's solve that first and then argue what medical advance will happen if we shut down all miners, which I dare to estimate at around 0 point 0!  


And Icarus died because he used beeswax instead of gorilla glue!

No bruh, it's a losing battle.
Not China against currency but us trying to teach newbies how ridiculously small  the whole crypto ecosystem is right now and how little there is to gain from it when with talk about a country with a GDP in the trillions.
Everyone says that countries need to attract crypto businesses so
- low or zero taxes for those companies
- zero taxes on profits
So, what are those countries going to benefit from when they will not tax anything, they will end with millions of untaxed citizens' money, huge capital outflow, and all this for what? 10-20 low-paid customer support jobs and a 100 sqm office?

Newbies would really understand to analyze the different implications between personal gain and country-level gains when it comes to crypto, the fact that one person is earning $ doesn't automatically mean for the said country there is also a net gain.

Back to the HK thing, it's just China showing a bit of carrot, wait for the stick, as soon s too much money pours into this and they start losing control they will shut it down in a split second.

First, Twitter rumors are not a source!

Second, if they ran out of US Dollars it would be because they can't afford dollars anymore as their currency is useless.
So, how in the name of god would they be able to buy Bitcoin when they can't buy $? Magic?

What Argentina is experiencing is the classical Weimar inflation problem  and not Bitcoin, not gold, not the euro, yuan, platinum, or any other thing that would help them since their problem is that they can't afford it in the first place. If they would have the money to buy 1000 BTC they would have the money to buy any hard currency!

CryptoCity & Crypto Island in Bangui, Central African Republic’s capital
https://sango.org/#cryptoCitySection
Of course, it's going to be built on tokens that, well, are not selling! And what incentive you will have as an investor?


Useless citizenship, a promise of zero tax on gains that will never be there, and some more vaporware.


And how would they do this? Wishful thinking!
Nobody is going to invest in one of the poorest countries in the world that are one step away from a civil war just because they've legalized crypto.
Where are the returns from your investment going to come? Poverty is quite cheap and there are a lot of exporters, I don't think you can get too much for it!

You got the tabs mixed up, you wanted to go on lifecoachingtalk.org!

Seriously, these topics are really getting annoying, yeah we know this already, there are a ton of topics on the same subject, don't live your life in debt, don't live it on promises, don't risk money you don't have, don't be greedy, for god's sake, this is not some therapy forum!
Common, enough is enough at this point!

Let's not forget this:


Everyone becomes a believer when they smell the cash, just as how when there is no more money and no possibility of a get rich quick scheme they will be the first to betray and stab you in the back. But seems like the community needs a Bitcoin Jesus desperately, too bad they are selecting the worse of the worse.

Hmm, not so sure, it doesn't look like or feel like it.
He is spending full inputs and moving them into batches of ~90 BTC but not of equal value, there is a 5 BTC difference between the current 5 addresses that hold those coins, plus he would have moved them all, right? If it were an inheritance they would have done it with all of it combined, not leaving some there, and for sure not a 3-hour difference between the two outgoing tx.

Well, probably I'm inclined to think of this because that's what I would do if I were him, split it slowly and carefully into small batches, make the back-ups, split again, and then slowly erase the traces by mixing them before liquidating smaller amounts. With $40 million even if I would go through KYC and pay all my taxes and be completely legit I still wouldn't want anyone to trace my steps. Imagine making a one-time payment at a coffee shop in the neighborhood or some online store with your name and address and some employee with too much time on his hand discovering you have 1000 BTC on you!

He doesn't own those coins, Microstrategy does, and Saylor has only 16% shares of MicroStrategy!
Back to the drawing table!


If the monetary system collapses then there are two possibilities
- 10 million dollars will buy you a lollipop
- nearly all the wealth in the world will be destroyed, making it impossible for BTC to have a market cap of 210 trillion.

You can't have the cake, eat it, and also throw it in somebody's face at the same time!  
So let's stick to the scenario where Bitcoin is reaching 1 million without any apocalypse!

Interesting that here no-one mentioned the top reason Reddit users did
- 10 years in jail ? 

Either way, even if it's about regaining aces or regaining freedom for sure it's not about the price!
If he wanted money he would have cashed out way earlier, in 2027 when the was just a bit lower and not even mentioning when it hit $60k, besides, after one hop the coins haven't moved so definitely not moved to an exchange.

Anyhow, the really interesting part is that he's not moving random sums priced in $ or rounded BTC values, he's moving entire inputs and breaking them into ~90 BTC. Wonder if he plans on mixing them.

They don't even call it WBTC (which is on ETH) or anything else, but straight BTC!
And they have two of them!

@OP
Since Binance is charging more for a segwit transaction and a higher minimum you can pretty much guess how many pigs will fly till they add LN!!!
But CZ will post some bs on Twitter, some #safu thing and most will forget he's actually one of Bitcoin's biggest enemies.

Problem:

Solution:



Seems like way too many are concerned more about the price and the gain in $ than realizing Bitcoin will work as intended by Satoshi even at $100 or $100k.
I remember Bitcoin being called "A Peer-to-Peer Electronic Cash System" not a quadruple your money every cycle earning scheme.

It was the arrest of Sonny Meraban who ran Bitcoin of America that caused that decline, not General Bytes who came back online shortly after
https://www.cbsnews.com/chicago/news/ohio-cryptocurrency-charges/

Bitcoin of America had over two thousand ATMs and they are all gone, forever!
General Bytes actually added a few more ATMs by the end of the month.

Somebody else said the same about the monkey price, but I mention, this is the price Google gives me for a healthy pet monkey of the same genus.
Probably a wild animal just traped and sent in a cage to a foreign country would maybe be 500-1000 at most including the costs but I have like zero clues about monkey prices, monkey farming, and monkey trading!


Both the 28 and the 1000 numbers are somewhat correct.
There are only 28 zoos that respect normal animal welfare standards, the rest are private enterprise or municipal owned small zoos with terrible conditions, cramped, and without vets, so by Western standards, they would qualify mostly as a poultry farm than a zoo.

China’s terrible zoos and why they’re still thriving
https://www.scmp.com/news/china/society/article/2100775/chinas-terrible-zoos-and-why-theyre-still-thriving

As for the question everyone asked, let's be real
- 100 000 monkeys won't fed even one city for a day
- you don't buy 100 000 monkeys for zoos when the species are known to be the best at reproducing in captivity

They are going to do testing on them it's obvious as the sky is blue, and everyone knows it.


Because this is not Bitcointalk, if Sri Lanka would have had the collateral it would have used that.
Besides, to the ones approving or asking for the loan it doesn't matter, they are not the ones paying it, and to China, it doesn't matter either, they can loan one billion, then bribe the next government with a few million and those will sell them things worth 2 billion for that debt.
Simple as that, it's easy when it's not actually your money!

Sounds completely unrealistic? Yes, it does!
Is it actually real? Yes, it is!
Can even be applied at country level? Definitely!

Sri Lanka planning to send 1,00,000 toque macaque monkeys to China


Of course, there are a few questions about it and darker aspects of this:
- I don't know how a species that numbers over 1 million can be considered endangered, but let's leave it like that
- even if they have 1000 zoos that means 100 monkeys of the same species for each zoo and that is just not real
- what they are going to do for real with them, and most hint at labs testing, which stops being funny  
- how much of the debt will be really erased for this?

But nevertheless, Sri Lanka is in so much debt that it needs either cash or a way to pay out its debts to China so, probably for the first time in human history monkeys will be used en masse to pay for a portion of that debt, giving a whole new meaning to the term "monkey business".
At $4000 per monkey (google sources) that would make about $400 000 000 (in theory, not including costs), around 5% of the 7 billion they have in debt with China.

So, do you feel like you could show up at your bank and hand them two or three monkeys to cover your mortgage?

How about you stop with the disinformation, seriously, stop!

The same parroting about 2020 prices is really getting old, every propagandist here takes the 2020 gas prices as a reference but forgets to mention why gas was cheap then. Funny thing, they forget also to mention that oil trading now at $80 is ....drums.. 120$ dollars more expensive than it was in 2020!
So let's once and for all deal with this whole crap!

Dutch TTF is right now trading at 42E/ MW, it's high against 2020 value but if you go back beyond that period you will see it's nowhere that expensive:
https://www.barchart.com/futures/quotes/TGJ23/performance?mode=monthly

For example, if we go for a 10 years period so before the invasion of Crimea you will see that the price was, what a surprise
so it's not 3 or 4 times more expensive but only 60%.

But!!, it doesn't stop there the 42E/MW is just Dutch TTF, the prices for LNG are different:
https://aegis.acer.europa.eu/terminal/price_assessments
And as you can see LNG trades right now:
at a 7.8 Eurous DISCOUNT against pipeline gas!
This also means that the US is selling cheaper LNG than gas coming from Russia, Algeria, or via Turkish pipelines.

So let's do simple math and put the 27.35 price at which EU was buying Russian gas in 2013 against the LNG prices now at 35 and you got one big whooping, oh wait, it's not 3x is just 30% increase. And what a surprise, even Russia admitted this before the war, this is from 2018, so before the war
https://www.aa.com.tr/en/energy/energy-diplomacy/us-lng-price-up-to-40-higher-than-russian-gas-novak/20225
Of course, it was even by then manipulation but at those time they had to be at least decent so he only said what the minimum decency allowed him to say.

Now to address the other of your concern.
Europe was importing 155 billion cubic meters of Gas, there is a single gas pipeline that transports gas to China at a 25 million capacity!
How have they switched selling gas from Europe to China? Simply, they haven't!


That 2022 number includes the two months before the war and another 6 months in which Yamal worked.

So next time, rather than regurgitating the stupid Russian propaganda, look for facts!
Otherwise, you will have the same shock as commies had when the USSR went bust because till that moment they were sure the USA is in a civil war, western Europe is dying of hunger just to find out there were more washing machines in Bremen than in all of Russia!

To be fair you haven't provided anything to back up your claim other than what you persoanlly think of the said person!
Being against exchanges that are trying to bypass every regulation, that play around with people's money, shady ICOs that run with user funds and ETF is not being against Bitcoin, it's actually following Bitcoin's whitepaper by the book.

Remember?
- not your keys, not your coins
- remove the third party from a  transaction
- no IOU promises instead of real coins in your own wallet.

I can't understand how someone who is against thinks that do exactly the above these but on the other hand claims that Bitcoin is the only true decentralized currency against Bitcoin.

Moreover, you're telling me that an advisor at MIT who held courses entitled:

which you can download from here or even watch on youtube was doing so for years promoting bitcoin and blockchain solutions to his students and taking questions and debunking myths about time settlements, transactions costs, decentralization and so on just because his hidden agenda was to...what? Tax the hell out of shitcoins and exchanges that print money and offer them to newbies only to let them devalue one month later and then start a new hype?

So let me spell it again: All this is BULLSHIT!
This guy has promoted bitcoin and blockchain more than 99.9% of this board has ever done but for some weird conspiracy theory, he must be evil just because he's the chairman of the SEC.


We need an enemy! Because not everything is going to plan and you can't invest 1$ today and get 10 trillion tomorrow we need somebody to blame, and of course, is the evil gubbermint! The lower the understanding about the basic economy and the deeper the frustration from its own failure the higher the need to find a culprit that is to blame, an all-powerful entity who has nothing better than sabotage this, but of course, at the same time this all-powerful being that controls everything will be brought down by somebody buying 10$ of coins.

The whole thing is so frustrating I can't even describe how much I'm willing to curse everything right now
- Saylor said Bitcoin is a Ponzi scheme, then when he smelled the $ invested millions of other people's money just for profit and he's the hero of the community
- Gensler held course about Bitcoin for years in front of MIT students, not Twitter clappers, but because he is now the chairman of the SEC he is the evilest person in the world

Seriously, f^&%^&% this shit!

Have you tried looking at the population?
1800:
USA  ~ 5 million
China  ~300  million
India ~ 170 million

In 1900 the USA population went up to ~76 million, that's the main reason for the growth compared to other countries in this short span!


Again with the petrodollar myth?
The US became the largest economy in the last decade of the 19th century overcoming China, how much oil was traded then?
Oh, wait, where was Saudi Arabia then?

Seriously, what is this bullshit?
It's ^&*^% video from 2019, 4 years ago, he wasn't "caught" he was doing it openly and the videos have been online for years, now somebody decided to make a fuss about this by cropping 10 seconds out of it and he has a story!

Algorand was developed by a professor at MIT, and Gary Gensler was an advisor at MiT, in one of those videos on of the developers of the coin was standing right in front of him, he asked for an example, of course, he will pick one done by his own colleagues who are standing 2 meters away there!
For god's sake, he had a course on blockchain and crypto, what was he supposed to do, talk about what?
https://ocw.mit.edu/search/?q=Prof.+Gary+Gensler



Yeah right, in trouble for what?
You read the headline and suddenly you know all the laws, he will get 100 life sentences for that for sure!


When did he do that?
He has claimed numerous times that Bitcoin is the only crypto that is not a security, how is that attacking Bitcoin?

Gary Gensler: ‘Everything But Bitcoin’ Can Be Accountable Under SEC Jurisdiction
https://beincrypto.com/sec-chairman-gary-gensler-caught-shilling-algorand-now-deems-it-a-security/
He is against centralized shitcoins, not anti-Bitcoin!, that's why every "dev" and shitcoin bagholder is getting triggered by his actions!

Coinbase when it needs access to markets and to let investors buy coins :
- We need regulations as soon as possible, we need ways for people to invest, SEC do something fast!!

Coinbase when it needs to follow the regulations by the book:
- Why so many regulations, we need to take it slow, why so many rules, we're going to the EU&UK!

Coinbase when the UK turns out to be just as strict:
- Please let us alone, we just need to earn money!!


I don't know what others think but every 1/4 adult in the UK owning crypto right now and 1/2 of them doing so in 12 months sounds like he's pulling those numbers out of his you know what.

Also, look what he wishes for, stablecoins:


I think that some of those guys have lived too much in their own world and they don't realize that a lot of every country's economy doesn't care a bit about web 2.0, web 3.0, and the rest of the numbers till one quadrillion. 9 years have passed since this so-called revolution of digital assets should have started as a lot of guys including Armstrong cheered alongside Gavin and they aren't making a dent in the real economy, it has been restricted to a parallel universe where people trade coins and lose money in shitty projects and nothing else, in short vaporware.