Well, he did add a disclaimer that he isn't the one managing the campaign or in charge of it, so at least this one is clear:

but the thing with the fake profile is concerning.


I wonder how did this thing slip through, it's not even that much of a changed image, a simple google reverse search will return tens of results.
And the whole thing is really fishy: https://www.egold.farm/
So you buy plans of virtual hashes like in Farmville and this is supposed to earn you some virtual money that you can exchange only on their platform.  This is going to end badly.

The most important thing in all of this is right there in the middle of the text:


So, when you can do all this without some tokens or some blockchains, why even use tokens and blockchains?
To have something to sell to investors and to trick people into buying because there is nothing else?

How many times do we have to again start creating tokens for things that are working with them just perfectly, firth there were national coins, then all kind of smart contract coins, then the so-called utility coins for replacing Uber or DoorDash, then medical coins, then coin for properties, IoT, then art and NFT, then the whole Defi fiasco and now just another trend while we look back and there is nothing left of all the previous tries. Nothing!
Look at them:
https://cryptoslate.com/cryptos/ai/
and find one that has delivered something!

Again, this is Bitcoin mining, if you want to mine altcoins this is the section:
https://bitcointalk.org/index.php?board=160.0
Just a head's up, the video card you're looking at is worth around ~$10k and is mining you 80 cents, so do the math for the ROI, is around 30 years!
/end shitcoin discussion


The first and most important thing, that will probably nullify all your future plans or make them far more attractive, the first thing you need to mention, is how much you pay for electricity in kw/h and how much can you get at those prices.
Because having free energy but a cap of 100kwh a month is not the same and far worse than 5cents/kwh and unlimited consumption.
If you want help, start providing us with info, otherwise, we're just guessing here.

Creeping up a bit in pace but still losing for the previous difficulty each day, probably indeed 3% if anything special doesn't happen. I keep checking the revenue per TH but it's still disappointing, I wonder how things would have looked if we didn't have the price jump at all.

For the first time, I (more my parents) actually used the heat from the miners, we got -12C , something that was normal a few years ago but completely weird now, so helping the gas and wood bills a bit on top of those few cents they make, but in two days is back to 10C. That said I doubt anything fantastic would happen because of changes from cold weather to hot weather and the other way around, and things like this will count more:

https://www.coindesk.com/policy/2023/02/07/kazakhstans-president-signs-legislation-to-limit-energy-usage-of-crypto-mining/


More migration to texas?

Unless you're doing it with an undercover officer or you're always doing it in the same place with cameras all around and you start drawing attention from either bank employees or security guards it's probably the safest thing. Really hard for somebody to even start tracing you and on what grounds at all.
The hard part is trying to hide your wealth cause if you buy a 50k car while unemployed, then all your secret dealings were a joke.


He's not doing any of that, he accepted bitcoin for his business and now he stopped!
There is no solution for him, moving out of the country means losing his customers, and decentralized exchanges are of no help when you plan on accepting the currency as they don't protect you at all, there is simply no chance of him avoiding this the moment the authorities will enforce a complete ban and do punish lawbreakers. Again, this is only for the scenario where they actually care and enforce such a ban, but then all that is needed for him to get busted is a police officer coming into his shop asking him if he accepts bitcoin and there he has it, the moment he says yes it's game over!

I think some people are too lenient on those issues, it's not like they tried to build a rocket and this failed at launch, they, well, they did nothing! They issued a token (2 minutes), and they put up a mock-up of a shop website without even filling in basic parts, another 5 minutes. If I plan on taking payment from you with the promise of building you a house while I know nothing about that, I don't have any studies, any machinery, or anything but the first thing is to pay my friends and relatives out of that money is a scam from the start!


Are you sure about that?
On the last whitepaper the CTO is called Glen Huang
The image matches this:
https://www.theladders.com/expert/glen-huang-598f6f
and this:
https://www.linkedin.com/in/glen-huang-14b76358/

No sign of  any icechain mentioned anywhere, same for other team members that I got a hit on the images, so are you sure those people even know they are involved in this?

Then why use bitcoin in the first place? Why not rubles?
If a bank is accepting your payment in bitcoin as long as you're sanctioned it will obviously accept your payment in rubles also.
If someone is willing to sell you for crypto they will sell you for any kind of currency as long is convertible.
If your currency is not convertible, how do you plan on acquiring bitcoin with it? 


Heard that in '88, the USSR had no debt, a ton of oil and gas, and gold, we know how it ended.
And it was involved in a war in Afghanistan, not Ukraine, at a time when Ukraine was a part of the USSR.


A bit hard to not get their point, it has been like this since Lenin, the west is eating hamsters and burning rat dropping to keep warm while Russians live the best life on this planet. I've said it before, if you would have listened to the radio before the fall of the Union you could have sworn the US is fighting in a civil war and French men are cooking frog legs because they have no wheat or corn or meat left.

That's the thing with different cases, the completely free movement without control is only for the Schengen area Bulgaria, Romania, and Cyprus still have full border control, and passing from Romania to Hungary in theory should be just like entering Italy from Tunisia, the fact the controls are more relaxed for EU citizens doesn't really matter, and since OP is from Romania, things are different than for the rest of us. He will have to go through those controls, thus the risks of running into an imbecile that wants to make a quota of seized...something.

As for the Bitcoin issue, it's pretty simple and once they will take their time to adopt clear laws specifically for it it will most likely be required to declare it just as cash and gold, the logic is pretty simple (for them)
- you enter with cash, gold, bitcoins, nobody can track where you have spent it and whom you have given it to
- you enter with 1 million on a debit card, it still can be tracked, ATM, resort hotel, shop, casino it's there

That's all they care about, they will not listen to logical things like the fact that you could send those coins while you're over the Atlantic ocean, toss your phone in the Mediterranean, and still those coins would get into the country without them being able to stop, it's far easier to make other do something.


Doesn't work like that, all the money is seized in that situation, but again, seized and not confiscated since confiscation is possible in the EU only with a final decision on individual cases, so even if the border guards do seize your cash you still have a chance to get them back. If the court decides you haven't provided enough evidence of ..a lot of things, lol, like source, the fact that you did this without ulterior motive and so on, then they get confiscated and are gone for good.

That being said I've traveled before 2007 a few times with sums over that amount into Germany and Austria, and they didn't give a damn, never bothered to actually check the amount, signed the papers and get out of here already!

And of course, sanctions, oil price caps, changing the supplier of gas, those are not affecting Russia at all, not a bit:

https://www.reuters.com/markets/russias-jan-budget-deficit-widens-energy-revenues-slump-2023-02-06/
https://www.kommersant.ru/doc/5799135


And here goes the so-called dedolarization, and the gold-backed currency!
They are publicly acknowledging they have sold gold from the CB reserve to cover the deficit!


How do you call in economic terms the situation where your revenue goes down by a third, your expenses u by more than a half and the worse part is not even here yet? If I were to quote some economic experts here this is a great achievement, right?
Oh did I mention that the current 3% deficit is for a price per barrel of 70$ while Urals is now trading at 52.62 and is being usually sold directly with discounts of over 10-20$ per barrel?

And who are you and where is your data?
Where are your facts, where are your numbers, where is your expertise, where is your notarized and published study?
You're just like any other around here, a user with an opinion, nothing else, and that opinion of yours can be wrong, have you thought of it?


That's why I said to test it, but we could make this speculation more interesting with a bet on the outcome!
Since this is about gambling, care to put some money where your opinion is?


I could still bet on 95% of it, and I could still win! Why do you think those topics were locked in the first place?

If you're that interested in researching topics, you could do something interesting for example.
Look at the profile of those users, and then search if in all their gambling posts, be it 10 or 1000, have they at least once mentioned some odds or god forbid a multi bet! You're going to be surprised!!!!!!!!!!!!!
Random pic from those topics, tell me what's the ratio of gambling talk to fan gossip?  

Let me tell you why creating a board for this is, well, going overboard!  
I'm willing to bet that over 95% of the posters in the gambling sections are not gamblers at all, and I seriously doubt that the majority would even be able to make a bet if it's more than one click and the odds are British odds like 6/4 , 13/2.

If you create a signature disabled board it will be a ghost town, you can speak with the mods to allow a self-moderated topic and keep it clean and you're going to see the results of it, because not only it will mean they need to not shitpost, they might not get paid for it but also take the risks of angering their campaign manager by having a negative attitude towards gambling and get excluded.
The other tricky part is, do you think there are members here with enough power of persuasion that would be able to really do something effective for people who have fallen to gambling addiction or are on the path of doing so? I'm a small gambler myself and I avoid completely the gambling section cause it's pure crap, but I know enough real-life gamblers who have destroyed their life, and hours of advice and begging from their families haven't changed a thing one few posts on a board is nothing.

Oh, and one more thing, just because you see tens of topics opened about gambling problems, it doesn't mean each one of them is real and not another way of fishing for some merit or increasing the weekly quota. Read them again and look at the OP history before taking all those stories seriously!

Minimize the risks?
You do realize that by actively trying to hide your payments from the financial authorities or inspectors or whatever the IRS counterpart is there you're committing an aggravating crime,  from gross negligence your charge will switch to aggravated fraud since they will have the proof you have planned and taken all measures to actively avoid detections, so you knowingly did this and you can't even defend yourself in court anymore!

You're not minimizing the risks, you're just maximizing how bad this could end!
The difference here between negligence and aggravated form is from a maximum of 6 months to up to ten years, doesn't look less risky to me!

I think it belongs more in the scam accusations since that's what it is right now.
I can't get any hit on the team, the LinkedIn profiles are clearly made up, I doubt there is anybody real in all this.
The website is a joke and more importantly, what's the use of their so-called token when the shop is simply a stripe integration module? They don't even have content on their pages with terms or faq, even their social media links point to the main website, like twitter.com not twitter.com/user..

Probably the real "team" behind this is already working on another project by now, f they are not at number four or five already

Some of you really forget this is China we're talking about and there former has a different meaning:


Usually, when you're former you should keep your mouth shut rather than trying to voice your opinion, a former president means nothing, an advisor would just vanish in seconds.


Give it up, China has made quadrillions out of Bitcoin taxes, their whole industrial revolution happened because of crypto mining and they are producing now chips only because bitcoin mining gear has triggered innovation, even the Three Gorges Dam was built because of bitcoin mining, don't you know?
Sometimes there is no point in even trying to point out the obvious, there are some things that have become like the teaching of Jesus to some here, Bitcoin does that and that and everything else and you infidel have no business proving to us with numbers that what we think is wrong.

When I think about taxes I wonder what would a real poll show, how many of those that argue every day how Bitcoin generates revue though taxation are actually paying a dime at the end of the year on their profits!

Do you guys realize that p2p is not something magical that will shield you from authorities?
You still trade with a stranger, you send a complete stranger your bank account, your PayPal address your whatever 3rd party information, all the authorities have to do if they really want to crack down on such trades is make two-three sections in a database and there you have it:
- people that have sent wires multiple times of different values at random intervals not matching monthly payments
- people that are constantly making wires to ones that are not relatives and not situated near them
- people that have no business registered which would involve those transfers

And this is only if the government hasn't already turned so-called p2p platforms into honeypots.

P2P is used to stop a CEX from having all your data and IDs, it's not able to completely erase all your tracks unless you deal with a complete stranger in fiat every time.


Everyone is a hero and defies the authorities till a tear gas canister explodes in their face or a door knock is heard at 2 am at their door  

53db is just too much for a heater!

I watched the video, and the guy at 4:00 says that he's surprised the sounds come only from the air being moved just as a normal fan and he can't hear any mechanical noise. WTF!!! What kind of mechanical noise would you expect from a miner other than the fans? Pickaxes chipping away bitrocks?  

Also, the heat test is just nuts!
He compares a 1.4 kw machine with a 2KW heater and surprise surprise, the results reflect the power draw.

You want a heater that mines some coins and does not cost $800?
Just go with this solution:
https://bitcointalk.org/index.php?topic=5436532.0
They mine at the same hashrate, they radiate the same heat (d'oh), and you're left with $1000 you can buy some coins now!


It's an S9 in a box, put an ASIC miner in a sound proof box and you're going to get the same result!

You see, that's the problem with monopolies at the state level.
If they would just compete with CEX then that would ensure the users would get to choose, and the government itself would need to keep up with others in order to not fall behind, once there is no such thing they can just take their time, provide crappy services, spend money like there is no tomorrow on useless stuff and in the end the population foots the bill.

Of course, the good parts still stand but them acting like an overlord in the entire crypto arena won't lead to any breakthrough.

Almost anyone who knew about MtGox also knew FTX won't stop users from using CEXs.


I'm tempted to bet that if ever FTX comes back online as rumors say there will still be users depositing and trading there, but I also think that there won't be anyone to bet against as we all know this will definitely happen. A bit of promo, a FTX 2.0 token, a giveaway and they are back in business.


I have a feeling that they are not going to be replaced by banks and more likely become banks if they haven't already
- you need an ID to open an account, you need to go through KYC, and even Proof of Funds
- you have your wallet's addresses, like an IBAN
- you can get a card in your name from them, linked to your account, and you can do internal payments between users, completely off-chain
- you have "Earn" accounts just like some banks do
- you get your account frozen even easier than with a bank with nobody to talk about, this is a bonus

So, what really are the differences, other than one is using BTC and the other $ ?

Pretty simple reasoning
- they would be always in control of the funds
- they will have a perfect record of all the funds that are going in and out of all the exchanges since they seem they want to act as a clearing house for others also (here the article is a bit fuzzy)
- knowing all the above they can tax everything with accuracy and there is nowhere to hide

And most important of all, they can keep the money inside the country, so Indonesians won't be trading on foreign exchanges but with just their fellow citizens so less capital outflow, probably the same take as South Korea. I wouldn't be surprised if you would only be able to withdraw money to a national bank from this exchange and not a foreign one.

But there would be some really good parts also for the masses
- fewer newbies falling for fake exchanges
- probably fewer shitcoins
- users will finally be able to actually communicate with the exchange and get support, unlike with those off-shore entities that have no telephone number, no address, no way of ever reaching somebody or bringing them to court them when they seize steal your money.

One final thought, it's the government doing it, so expect a lot of further delays

Oh crap!, this is what I get from being even once a week positive on something, I knew when I edited the post by mistake that was a sign! 
As a slight hope, it's still just one advisor saying that, but as I went through the article you posted, of course using google translate, there is a paragraph there in bold


Are they actually planning on abolishing the just-signed regulations? Or it's just a journalist with too much time and a deadline for an article?


Actually, I think a common currency with Argentina would be good for Brazil for a while as it can boost exports, I don't know if you have a positive trade balance but that would help for a while till all comes crashing down, for Argentina, yes, it going to be a replay of the Greek crisis every month till there is no Argentina left.