The government of Costa Rica advise citizens to increase sales of eggs for nutrients and exchange of bitcoin should be allow to increase it demands in the country.
Bull***** This kind of clickbait fake headlines are destroying everything nice about what should be normal good news is making people not trust a thing anymore. It's one person in a market that has decided to accept bitcoin for her products. The government has nothing to do with it, there is no such government proposal, and how the hell would even be possible for the government to ask citizens to sell eggs for bitcoins? What would the benefit be in this since from their point of view since it's simple coins changing hands without taxation? This is one perfect example of LN doing its thing, despite all the fearmongering about mempool full, attacks, fees more expensive than a cup of coffee and it's great that we see it in practice but to go fully nutcase and think the government is demanding BTC for its citizens balls eggs is just nonsense. Soon South America will have highest number of countries legalising Bitcoin. El Salvador started it, Guatemala, Paraguay, Brazil, Costa Rica and others are moving well towards it
El Salvador is in North America, not South America. Some countries only legalized bitcoin for it to become a taxable asset, I prefer to be in a country that do not completely ban it. So are Costa Rica and Guatemala, with just 12 countries on the continent it will be a wonder for South America to lead the pack in a number of counties legalizing Bitcoin but don't expect people to dwell that much on the subject, if the name sounds exotic then it must be somewhere in the Amazon. |
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I guess this is the endgame for the US as one of the leading countries for crypto innovation. Bittrex will go away, but I believe others will follow suit (Binance, Coinbase, Kraken) unless US regulators become a little more flexible.
Crypto innovation? What has Kraken or Binance innovated? One hundred types of trading and leverage and shitcoins in order to fleece you to the last penny in shitty deals and fees? Binance's greatest innovation was having 7 shitcoins posing as Bitcoin over different chains. Segwit is innovation, LN is innovation, Bisq is innovation, all the above crying in fear of losing their fees CEX are nothing like that, they are one huge step backward where the whole thing of denying a third party control is forgotten. There is nothing lost in advancement and in creating new stuff if all the CEX go bankrupt, they are the ones hurting innovation and they are the ones painting a fake narrative on cryptos, making them look more like easy money and ways to get rich than what they were supposed to do normally. No entity that works on the principle of taking your coins and not guaranteeing their return should even dare to talk about hindering crypto progress and decentralization, they are the ones keeping the entire environment in still a bank-like stage with centralized solutions in charge of your funds just like banks. |
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If you mean not using a centralized payment processor but instead having customers send funds directly to a Bitcoin address, then the merchant doesn't pay any fees, which is wonderful for the merchant. However, the fees fall upon customers, and as was mentioned in the thread, it's not in percentage.
The merchant wills still have to pay extra. He will receive thousands of inputs that he must either consolidate or send to another address to pay its suppliers if he can do that in BTC or to cash out in $ if that's his only option so roughly he will still need to pay almost the same as the client in order to use that money. It's a small thing everyone forgets but if you're looking at hundreds of small-value transactions he might end up paying more than 1%, way more, on top of what the client pays so it will lose any advantage over other payments. Clearly LN is the answer here not on-chain tx. |
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On a lighter note, it isn't for nothing that we've the Red Cross symbol on the Switzerland flag. The reason is clear.
Clear? Not for me, care to elaborate? One is 700 years old and one is not even 200, and it's not in the order you think it is. Good piece of info shared - I went to read why Switzerland flag has red cross symbol on it, thanks for the share.
The Red Cross simply got this symbol because it was established in Geneva at the initiative of Swiss citizens so they simply used the flag of the country where they did it. The Turkish flag, for example, has the same relation with the Red Crescent and as you can see in that table there is no trace of it in the top 20 countries, Israel uses also a different design based on their own flag. Just like the guy above you've got it backward. A short summary on what went down.
1. Four Americans crossed the border and went into Mexico for a medical procedure(not sure all of them needed the procedure)
One thing about this, it was a cosmetic medical procedure: The tummy-tuck surgery sought by McGee generally aims to remove excess skin from the abdomen and tighten the muscles in that part of the body. Dental and cosmetic surgeries are the top reasons for these trips, so it's not like people go there only for life-threatening procedures and more for ones that are not that needed. One article claimed that every 1/20 is a breast augmentation procedure, so this would paint a completely different picture. |
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That's why I never put my money in banks either.
Really? You're the only one I know who doesn't do it. Well, who says he doesn't. It has become a bragging thing, nobody uses banks, nobody uses CEX, and everyone is keeping his coins in cold storage but the moment you change the question everyone has 3-4 accounts on CEXs and do daily wire transfers to cash out profits! I always laugh when I see those kinds of statements and the silence that fallows the question of how they have bought their coins or how they pay for p2p deals. As much as we would like to dream cryptos haven't put any kind of serious dent in banks' profits, more over they have allowed them to earn millions in fees. that was Disaster for the banks world
Disaster? No! Or at least not yet! To label that as a disaster it would have needed a full collapse and no FDIC limits payments, but all was contained for now, emphasis on for now. A lot of enthusiasm for the price going the right way as it should have after the news but it didn't trigger "adoption", more like speculation on those wanting to earn some quick bucks on the news after this prolonged bearish period. In some countries, for a commercial bank to be fully established and operational in holding people's funds, they must save a large amount of money known as reserve in the central bank. This is usually done so that the banks can settle their customers in the event of bankruptcy and the bank closing down. I'm not sure about the Silicon Valley bank you mentioned or how their operations are regulated, but if all banks adopt this, bankruptcy will no longer be a nightmare for those unfortunate customers who lose their money.
Banks can't deposit every single penny in a reserve fund because if they would do that they would be unable to operate not be able to attract deposits with interest above the markets and on the other hand they would be unable to give out loans either. They have turned into something different and are no longer that much of a place where to keep your money safe and more a combination of payment gateway, quick loans cc provider, and every other kind of service with less and less focus on safekeeping. No, with the current model banks can't be made fully one hundred percent safe and they will never be, so either trust them at most with a sum under the FDIC limit or not put a single penny in it if you're that much concerned. |
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One of the most common advises in this section, generally posted by other newbies, is that you need to "learn bitcoin" to "succeed". I think it's counterproductive.
Most of those topics are merit fishing, they are full of useless advice because the ones that make them are trying to make it look merit-worthy more than actually informative. You need to learn only two things - how to use Bitcoin and how to not lose it. The rest depends on what you want to do. You don't need to learn how to trade if you don't plan trading. You don't need to learn how Bitcoin works on a very low level if you don't plan to become a Bitcoin developer. Sure, it's good to know, but it's not necessary to "succeed". You don't need to learn all about mining if you don't plan to mine. You don't need to learn advanced cryptography if you are not a developer.
This! Bitcoin is a tool, that's what I love and I always told people to love it! You use it as you like it, as you wish, you want to trade be my guest, you want to store coins for 10 years nobody is stopping you, you want to send remittance with it just do it, you want to hide money from your wife and pay for some nasty porn, your choice man! Unfortunately too many forget this and think Bitcoin comes with a user manual, no, use it as you like for your own for your needs, and each individual has different needs and different perspectives on both freedom and security. Billions are using debit cards and I doubt more than 0.1% know how is information from a piece of plastic is linked to a bank account, but they use it nevertheless and don't care and haven't had a problem with it, you don't need to a be a genius cryptographer to use bitcoin either and most likely you will never need that knowledge. More than that, I think that overcomplicating the whole newbie experience with tons of info is doing more harm than good to general adoption. |
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Biowaste and biomass, are slightly different things so trying to keep this simple - biowaste as in manure is highly inefficient, has huge costs, even with government subsidies is a pain in the ass, can't work on a large scale, and on smalls scale <100 heads it's losing money even if you put them side by side with European prices, thus mining on on it, forget it! Been there, done that, we keep doing this just because the government is forcing us and they are paying us for this fiasco, plus there are fines for not participating in it and leaving manure in open pits. - biowaste as in garbage - highly unpredictable unless you're talking about a medium-large city, comes with tons of environmental permits for every single step, again, unless you go big you are losing money compared to the traditional stuff coal and gas. - biomass as in growing your tree or crop to burn it, again works only with government subsidies that pay us per ton for our poplar and black locust, this is because black locust are getting a hefty subsidy for the bees they sustain during spring early summer. So, as much as I dislike solar probably I would try that instead of biofuel or biowaste or biomass or whatever bio, but of course, I'm talking here from an EU perspective. How Irish farmers turn cow dung into digital gold (Bitcoin) Campbell primarily uses the electricity to power his farm, but when there is excess energy that cannot be exported to the grid, he uses it to mine Bitcoin. Mining involves using specialized computers to solve complex mathematical equations, with successful miners rewarded with BTC. Bitcoin mining requires a lot of energy, and Campbell’s farm produces up to 700 kilowatts of electrical output, equivalent to powering nearly 12,000 households. 700KW? Hmm, 0.03ton a day per head, 1:40 gas generation with straw leftovers, 60% efficiency in transforming it, and it still goes into thousands around 5000 if my math is right at this hour. Doesn't match the idyllic view with one huge patch of grass and 20 sheep grazing along. |
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They have finally posted this on one of their Twitter accounts: https://twitter.com/CoinbaseSupport/status/1642812200468217856It seems like it's not about inactivity as much as again, the usual "suspicious activity". It was weird enough, although I haven't had funds for almost two years in my Coinbase account thus zero activity I haven't received anything like this, my last email was in November informing me that they migrated all pro accounts, probably they are disabling the verified accounts with basic info? Or the ones with expired information for those that have done KYC with passports? |
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Law is law but the US govt make this sounds like they dont care about the bitcoin, but when you think about it. The one they seize, whose the one uses the money right?
No, the US doesn't make it sound like it anyhow, it's users like OP that want to make a whole drama out of it and make it look like something completely different. If you were going by the idea that they reselling it because they hate it then they hate real estate, they hate cars, they hate art and they hate almost everything as billions are auctioned every year, it's just that bitcoiners get so easily triggered at any perspective of a price dump and start the witch hunt. And the fact that they (the US government) sell BTC means that they informally recognize it as something that has value, and you could only worry if they destroyed all the seized BTC and thus showed the middle finger to everyone else.
Probably 99% of the hodlers would have loved to see them destroyed rather than auctioned, recognition and laws and regulations are only appreciated when they cause a pump, not when it might have an adversary effect. |
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Another US-based exchange closes its doors to US customers. It's sad, because this tells us how strict the US is in terms of regulating crypto compared to other countries. I've used Bittrex a lot for buying/selling altcoins in USD, especially when Coinbase gave me a lot of headaches in the past. But this decision to "close up shop", will force me to look elsewhere. I just hope other exchanges don't do the same (Kraken, Binance) or the US will be left behind in terms of crypto innovation and mainstream adoption.
Reminds me how everyone criticized Japan how tight their regulations were, how Binance and then Kraken fled the country how it will hinder everything all that doom and gloom and when FTX crashed down, what a surprise: Japan Was the Safest Place to Be an FTX Customer
So as a normal user that somehow still trusts CEX to be safe and to have access to your money at any time and not lost by some deranged individual trading between gangbangs with his roommates, what would you have: - tightly regulated exchanges where one can't play with your coins or fiat - laser eyes wild west with a ton of shitcoins and no guarantee somebody is leveraging your precious BTC against god knows what ponzi scheme The moment you have already taken the risks of sending your coins to a third party, why would you want that 3rd party to have the liberty of doing whatever he wants with no consequences? I really don't get it, tighter regulations can only lead to two things - end of CEXs, which is not a catastrophe anyhow since BTC was designed to work without them anyhow - tighter controls and safer ones, for the ones that are still foolish enough to trust a 3rd party |
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They hodled for 10 years. It's longer than most of the "bitcoiners" hold. Don't you think that taking down 25% of a position after doing 200x is a wise take profit strategy?
Two years, those are the coins seized back in 2021 https://www.justice.gov/usao-sdny/pr/us-attorney-announces-historic-336-billion-cryptocurrency-seizure-and-convictionAnd quite funny, they are selling at a loss, bitcoin was at around $60k by that time. I want to talk about the US government selling 51,000 Bitcoins, why are they doing this. Is Bitcoin going to be trashed let's talk about all this stuff and more this came out yesterday and a lot of people were talking about it what happened to these 51,000 Bitcoins.
Because that's how the law works, seized property goes to auctions, and it has happened before it will happen again, the USMS has had hundred of those auctions, you can just search the news how many times those have happened. So, drop the tinfoil hat, nothing new and nothing to see. Besides, it's an auction why would the price on the spot market be affected unless somebody plans on immediately dropping those coins, and why would they do that only to lose money in a split second? |
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Wall of text
And look who was telling us about morals! Look who was telling people to not fall for the capitalist disease! Look who was looking down at banks that charge interest and women who do porn! The morality police that once it made it to full member immediately started advertising a casino! This just proves how shallow your beliefs are, 50$ a week and you would sell all of them, probably you would do it even for less. Too bad there aren't some xxx projects around that pay for signatures, for 100$ I bet you would forget everything and start carrying xxx signs! Pathetic! There is no morale in this world and what only matters is money.
Morale is something different, again, not the first time: morale - the confidence, enthusiasm, and discipline of a person or group at a particular time.
morality - principles concerning the distinction between right and wrong or good and bad behaviour. But that aside, morality is not something for you to decide or impose on others. Does it bother you that somebody is doing porn? Does it affect your life? Then maybe it bothers you that I'm paying for *** with Bitcoin, should we also restrict Bitcoin from being used in porn or prostitution? Should we prevent Bitcoin for being used in casinos, mixers, or anything else because of somebody's morality? Do you realize the slippery slope you're on? Religion doesn't exist, gods are dead in modern society.
Do you have a clue how many times gods have died in my country in the last two millennia? We had 2 or 3 sets of gods before Christianity, what happened to those gods? Did capitalism kill them also? Just lol! At past you couldn't marry to a woman who wasn't virgin but today who is virgin?
But you could marry someone against her wish before she was even born and get another wife if the first one can't give birth to a boy! Pretty decent times, do you miss them that much? And I'll never understand why boys like it, it's terrible when you go outside and constantly meet people who had sex with your wife, its terrible when you go to school and constantly see men who had sex with your mother.
Stop treating your wife or your girlfriend like objects, it's not like you're buying a car and you want it to be brand new, and it's not like you have defiled someone because you have had sex with it, this is a dark ages mentality, the same mentality that sent people to be burned because they asked themselves if maybe the Sun is not spinning around the earth. |
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Plus the narrative is, it will be the Chinese Yuan that's going to replace the U.S. Dollar, and that it's going to happen "soon". But what the people who push the narrative never researched is that China is one of the largest HODLers of the U.S. Dollar. It would be laughable if they'll cause its destruction, and burn the value of their own assets.
And it's not just that, the whole economy stands upon exports to the western world, the yuan is not getting dumped like other currencies just because there are USD entering the economy, if that is gone the yuan will follow the rest of the shitcoins, they need the US to be as powerful economic as it can in order to sell them stuff, otherwise is bankruptcy for them Plus as you said, China is losing its workforce, and this thing was captured perfectly in this quote “China has become older before it has become rich,” The labor force is going down, 800 million in 2016, 780 million in 2021, and from here on it will be a pitfall, with what do you want to project power when your main source of power is going down? Fans of populism, of course, "clap their hands", rejoicing. True, they do not understand that in fact, the situation is diametrically opposite ...
As I said, when it comes to politics yeah, ditch the dollar, when it comes to your own wallet, good dollar, more dollars! It is laughable how every single politician from those countries that want to end the US dominance is having bank accounts in the western world, in either $ or Euro, is sending his kids to western countries for education, and is buying properties there, despite every single daying tweeting about the collapse of the western world. |
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The mistakes;
He invested a huge amount in crypto without prior knowledge about it.
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He lost more than millions of dollars and only invested 1.6% of all the investment that came to his account.
Those two things contradict themselves. If he invested only 1.6% of the sums he has got then how can you call the amount "huge" ? With only 1.6% gone on bad trades, he could have still had 98.6% left to reimburse and I doubt anyone would kidnap him for losign 1%. If he had indeed received $40 million it means he has only invested in crypto a bit over $600k, a tiny amount compared to the sums that claimed to be lost because of his spending, which is the problem and here are two articles more detailed on the whole thing: One from last year : Investors scramble to recoup money from 23-year-old 'Crypto King' who allegedly owes $35 million
and one about the "kidnapping": Ontario crypto king kidnapped, tortured in an attempt to get millions in ransom, documents sayI'm saying "kidnapping" because to date the police haven't confirmed the actual kidnapping, just claims of his family that he was kidnapped. Back to the money, this is the problem: Instead, he spent nearly $16 million on extravagant cars, private jets, and elaborate vacations that equated to approximately 38 per cent of the money he raised from investors, according to a banking analysis in the new report. In conclusion, this scam wasn't so much about crypto or trading but about somebody spending investor money right and left. |
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So, the SEC closes down an exchange accused of fraud and misappropriation of funds and looking at their front page, what do they say: Regrettably, we are announcing the immediate suspension of services on Beaxy Exchange. Due to the uncertain regulatory environment surrounding our business, we have made the difficult decision to cease operations.
Not only it was their "difficult" decision that they have taken themselves but it was the uncertain regulatory environment that caused this, not the fact that they spawned companies to hide their transactions, not the fact they never bothered to register with the SEC, not that they ignored everything to date, not a word on anything else. Binance was giving away Lamborghini? Lol I didn't know that. Those marketing "techniques" are usually reserved for the worst possible ponzi scams.
Freebitco.in has been doing this for years, I don't even remember when they first started but they do have one raffle each year at least (??) |
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We know these lastest coordinated attacks should certainly concern the whole cryptospace industry.
Concerned, and exactly now? Why would they be concerned when for years I've only heard how the government is fighting crypto is sabotaging it and here we are, with BTC still standing and nothing really harmful happening to it? Might be that CEX =/= crypto =/= BTC or that just all that drama was as fake as this one? SEC taking down piece of garbage that has done a lot of harm to BTC, that has brainwashed thousands, that has taken a piss on the whole, not your keys not your fund slogan, that is actually laying every damn second can't be seen as a war against crypto but against some as I said it before, pieces of garbage! When Binance is charging you extra for segwit and has no plans on ever accepting LN just as Coingbase, when they are both CEX which from the start should be avoided, then why should "all" the industry be concerned? On the argument about Sam and FTX, I have already admitted my mistake. FTX was a scam from the beginning. However, on the argument about CZ and Binance, he might have evaded some laws and regulations but did he create Binance to scam the community? Mainstream news media appear to be campaigning for this.
FTX only become a known scam when it crashed down. Just because Binance is up and running just like FTX last year doesn't mean it has all your funds #SAFU! |
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Oh yeah, the ditching of the dollar, the never-ending struggle of some counties to make their worthless currency worth something. It's not hard, it's not politics, it's simple economics why they don't want to use the $, and that is because they can't afford it anymore, Weimar style! Go to an exchange website and check the pair over 10 years: https://www.xe.com/currencycharts/?from=USD&to=INR&view=10YUSD to INR +51.00% https://www.xe.com/currencycharts/?from=USD&to=BRL&view=10YUSD to BRL +151.93% https://www.xe.com/currencycharts/?from=USD&to=PKR&view=10YUSD to PKR +188.33% https://www.xe.com/currencycharts/?from=USD&to=RUB&view=10YUSD to RUB +145.74% And a special mention of course:  How bad can your sight be and how twisted is your mind to think this is killing the dollar and that dedollarization is in full swing and the USD is dying? Dying by doubling and going tenfold in value against the currencies that were supposed to kill it? This is like the Dash and Bitcoin SV planning on killing BTC by allowing only trades between them.  If they are ditching the $, thus this means selling $ reserve and dumping it for their currency, why is their currency still depreciating against the greenback? Oh, but wait, I have one question for everyone here: If the $ is dying, why don't you ask your campaign manager to be paid a fixed sum in INR or RUB or Rials and you are all fine with $?  Might it be that behind the propaganda, when it hits your wallet the reality is different? |
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So you really mean that peeps be posting 'em achievements for some merits?? Cus that's what it implies.... If everyone is doing the same thing, isn't that gonna be some dubious means to earn merits??
Yes, 99% of them are made up crap to fish enough merits to enter a campaign that usually requires 5-10 in the last 120 days and then recycle the smerit by giving a smaller portion to some other "newbies" that just come with the same bullshit story. I've gotten tired of calling out the inconsistencies in the stories, like that guy that was spied on with a hidden camera in his honeymoon suite and they read the passwords from his phone, lol, a guy that got all his belonging stolen but he was safe because he had his cold wallet so he could guess what withdraw money to his debit card (probably by using his laptop that wasn't stolen, to his credit card that was in his wallet that wasn't stolen either), and many more. Also, the never-ending topics about they started their business with Bitcoin when they don't present a single shred of real evidence. There was a guy that suddenly opened a coffee shop, bragged about how it did it, never told us where is situated, and if I go right now through his post history after 1 year he never ONCE talked about his shop anymore! And it doesn't stop here, there are so wanna-be psychologists who open a topic every day with counseling tips on everything, just open the Beginners and Help subboard and check the titles, it's like you're in the self-medication section of a library. |
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suppose if HSBC create a signature campaign, it won't be a problem  Or that we need to trash all Binance topics and ban every link to Binance since by their own admission: 'Like come on. They are here for crime’Also, should we ban every link and member posting to kycnot since this is also a directory that provides information to avoid FATF and AML regulations and controls? Oh, but wait!!!! Bisq? Is that legal? |
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It seems your post was generated from an AI bot based on what it looks like and some tools to check your post?
It was generated, he probably just copy-pasted the title with a slight modification in the question box:  but, @alexkut987 actually no AI can optimize a said miner or mining farm when setting up a miner there are software or managing tool that you can automatically adjust and optimize a miner.
That software and tools are also basically a form of AI, since it's a tool that decided based on preset parameters how to act without supervision or human interference, so you could call them some sort of AI. If one can call a dog smart because it knows how to bring his bowl at 7 am in the kitchen then I don't see why not call this piece of code also intelligent. If the AI is perfectly developed I think it would "Enhance" BTC mining to some extent, but not quite in the way you think, it's more so the other way around, it would help the ignorant lazy people who buy mining gears without understanding a thing or two about the economics of BTC mining, and honestly, mining is rather complicated when looked at from the outside.
I don't think that even this would be a cure for pure greed or ignorance. For decades I've heard that saying about the weakest link in security for an OS is not the system or the bugs but the human user, even here although a smarter AI system than the one above who recommended me Hashflare would indeed make a case and present a convincing study on what to do and what not to do there will still be hundred who will ignore because they don't trust it, thousands who would say that the same AI would have told them to stay away from BTC in 2009, and many more excuses to act on their own hunch. So if we think of a 25% decrease in people losing money on this I would still call it way too optimistic. |
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