It can happen in California too, and there was supposed to be a lot of green and cheap energy there but instead, there is no energy, it has the most expensive power rates in the states, and so on.
The problems are the same, you can only have one limited amount of energy created with green initiatives, and only during certain times, there is no way to expand hydroelectricity capacity in Switzerland so all they can do is import from others, just like California, but when the others from which you were buying are going the moronic way too, this happens.


Just one, close to the border with France on one of the pipelines that bring oil in and next to one of the gas pipe that comes from Germany to Italy but most diesel and gasoline has always been imported from Germany.


Household electricity consumption in Switzerland is 4500kwh a year, that's 13 kWh a day, so you're off by almost an order of magnitude.
The average personal car distance driven is 40km a day, so for the most efficient Tesla, it will be 4.5 kwh.

So, as usual, you're completely wrong about everything.

And what do you expect from a national currency, seriously?

This whole privacy thing gets overblown so easily, you want total privacy as in nobody knowing what you're doing with your money, nobody knows where you're money is going, good, then just one day later the narrative change, what the hell we can't track the government spending either, the gubbermint is doing something fishy!!

You have to draw a line somewhere and understand that there is no way this total privacy would work in any environment, you go to a bank you present the ID because without the ID check everyone could come and claim he's you, you run your business there is your name there, you sell a car, you sign for insurance, you buy a pizza the guys know your address. So here, the government and not a bank will know what you have purchased, so instead of two guys there will be only one, and that one will stay as in every single instance there will be someone who knows where your money is going.

It's quite ironic when we have a scam accusation in this subboard forum everyone asks for proof, proof you have sent the money, proof of the bet, proof of the tx, document everything, when it's about privacy, no recordings,s no tracking, no nothing, how dare you, infidel!


But, but, banks, money laundering, HSBC, ABN AMRO, fractional reserve, all that stuff...
Anyhow, wouldn't it be easier to change the government? I mean, I don't think you can accuse the danish government of leveling people's houses with tanks searching for a stolen bicycle!

Anyhow, as I said, quite funny.
I want to know where the money from FTX went!!!! The government shouldn't be able to trace any transaction, we need bulletproof privacy!!!

You've got this wrong, she didn't say a thing about money laundering, her position was that raising the limit slightly won't affect money laundering that much since it will still be low enough and still comparable to other EU countries. She focused on the other aspect, that you're forced to use a credit card or a debit card for payments over 60E even at a chain store, which is a bit stupid, to be honest, I'm in the EU and I can still pay my groceries in cash far higher in value with cash at any store. Now switch from groceries to a night out and you're out of luck since it's highly improbable to come under those 60 euros for a dinner for two persons, so basically, everyone would be forced to have a card.
It's one thing to encourage, but it's completely a different thing to apply unseasonable limits, the limits in Italy were the lowest in all of EU and even increasing them they would not be the highest at all, Germany has no limit and is just planning to introduce a 10k one, double the one Meloni is aiming for.


It's not about digitalization, is about the resistance of their own citizen, Italy scores one of the lowest even looking at the number of transactions per card, Germans also prefer cash to cards despite being able to pay everywhere with a card, this is no longer a thing of infrastructure but mentality.

They switch to LN, simple as that.
The only reason to accept zero confirmation transactions is to not let your customer wait for minutes or even hours after he has paid for his coffee, pizza, and groceries, holding him hostage till the tx is confirmed. Besides, in most cases, if we exclude tourist hot spots the ones paying with bitcoin are just a few, merchants would know them already as regulars, so what are you going to do, scam a grocery store of $50 and then never show your face again there? Not even mentioning the fact that the business can file a complaint for fraud?

It all comes down to a simple thing, will you lose more in revenue from customers, or are losses from theft higher than the profit, merchants always have to balance the pro and cons of everything in their business, and some will get scared after one-two thefts and drop it, some who have just regulars will keep doing so even with this change. Online merchants probably won't even care, they will definitely have the time to stop the shipping, and gambling and exchange sites will just all use the same cooldown some do right now where you're not allowed to instantly withdraw the sum you have deposited despite them accepting zero confirmation deposits and allowing you to gamble with them.

I doubt a bit numbers there, Compass mining is having just 80 employees and they have like 75 specialists on their "about us" page. Plus with all their location it would be simply impossible to run that with just 80, especially since they deal with a lot more stuff. Some of them might have subsidiaries as FTX had.

Also, two things:

They are getting another round of lay-offs, seems like the unicorn is not feeling too well, might have to get him to a vet after the coinbase deal failed seems like down is the only way to go.

When you suddenly realize that all the promised money is not coming as all your investors lately have backed off their deals I wonder why you still keep any employees at all and not just shut down and run the whole "investment" company on Twitter and youtube from home as that's all she's doing lately.

This amount of lay-off also tells another side of the story, all those people were basically earning their wages on the money people were pouring into crypto, they weren't doing anything else, just moving money from A to B and waiting for B to increase in price, I'm pretty sure that while telling people to hold on social media silently they were selling coins to have to pay their expenses. This model is flawed from the start and until you have a bull run and a huge inflow of cash everyone running the company like that will keep firing.

Which reminds me of one on the list, Core Scientific:


If one of the largest miners is liquidating bitcoins to survive, what about the others who don't produce a cent o their own?

Just because crypto is not regulated by law it doesn't mean that the government can't force you to pay taxes on the profits you made, many have called for this, saying that the government doesn't care about coins and then wake up to find letters from the IRS equivalent, as the profit you make is still profit and profit is taxable everywhere.


1. Tens of countries have established specific taxes on cryptocurrency gains yet are not moving an inch towards adoptions and have no plans on doing so.
2. It depends from county to country, in the ones where people pay their taxes they pay taxes on crypto gains also, in the ones where tax avoidance is a way of life and the citizens split their time between work and figuring way how not to pay of course it's not working that great. So it's impossible to have the same effect in Nigeria and in the US for example.
3. Nobody knows, n one extreme scenario it might actually drive a few to stop dealing with the moment the equivalent of the IRS there starts digging and inviting active traders to have a talk and take their money.

The best thing is to ask yourself what are you going to do, are you going to declare all profits down to a penny and pay all the taxes or not?
Ask a few friends and if the result is a unanimous NO, then this will of course have no effect whatsoever. And if the government sees that nobody pays, then it might restrict it even more.

Hihi, is nobody going to comment on the fact that they he sodl?
Some weak hands stuff, anything like this? 


They sold all their assets and bought Bitcoin at $900 so they should've made made x50, if the house was even the basic 2 bedroom one they still have a little fortune there.
Although, the numbers they give are a bit chaotic,  it's 900 buy in but in other interviews, he claims a 2000% profit, which doesn't really match the numbers, or maybe he has lost some since he did invest in tokens.


So, if no matter when this was, before or after he moved his tokens he still had at least $300k on CEX, it took a crash like FTX for him to understand it's not a good idea, and he trusts Bybit that much? Real assets? He made a serious move and managed to get lucky at that time, I admire him for the courage, not that I would want to live their live of nomads even for a week but seems like he's pushing it.

So according to
https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm

The current labor participation for November is 62.1%, and in November 2019 it was 62.2% , this well below is just 1% off.
So, a bit too much sensationalism for someone who writes on reason dot com.


Or, things have changed and not everyone who is 16 yo is that keen to go to work and is more interested in finishing his studies.
In the last 20 years, the participation rate for over 20yo has dropped 5% from 75 to 70 while for 16-19 10% from 47% to 37%.


And let's throw a few anti-capitalism views cause socialism needs another breather after failing again and again and again.


That people got free money and got used to it, that a lot of them are still thinking they might get another free check and are living and debt or from savings, still dealing with that miraculously something will happen and they will never need to go to work again? The whole r/antiwork sub is full of those daydreamers, just wait another year went the savings are gone and the credit is maxed, and you're going to see a hiring spree like never before.
Before even thinking it twice, this is not something global and one should look over the ocean



Month after month of record-breaking employment levels.

So, how is he going to do both the things you're advising him to?
Not using his bank account but sending money from his bank account, or not using his bank account but getting money from strangers in his bank account?

I should just give up, some really think that this so-called P2P when you're dealing with a guy that does 100 transactions a  day with people all over the world from his bank account and which in any country with AML laws is clearly under surveillance if it's not an undercover agent is somehow safer than sending your money the same way to the account fo an exchange rather than the account of a strange.

The reason is pretty simple, nobody wants to spend something that might earn them x10 more if they hold for one year.
The whole thing about VAT or taxes or ToS is just an excuse, I doubt more than 10% actually pay taxes even for the money they withdraw via banks, VAT is not a problem at all since you pay it on purchases in every country that has VAT and no sale tax, and the thing about the ToS, common, there are people who hand over all their details copies of their papers and selfies to companies they don't even know where are located, what more compliance you would want.

The reality is that 99% of the ones involved in crypto think Laszlo was stupid to buy a pizza with bitcoins cause if he didn't he would be rich now, completely missing the point that if it weren't for early usage it's highly possible none of us would be here right now. After all, what would be the purpose of a coin nobody wants to part with?


There is no need for those researchers at all, we can look at the blockchain and see the number of traction is going down, and if we look at the value of the coins right now over LN, the total capacity in $ is actually decreasing, not even mentioning that in the last month for the first time even the BTC value has gone down.
Probably only when we've reached a point where everyone would understand an x10 x5 jump is no longer feasible overnight we might start seeing people actively using their coins.
It is what it is and he has to live with it, like it or not, I'm starting to believe more and more that even deciding on a common goal is impossible, everyone will use it as it sees fit, no matter how a this might turn to be longterm.

And why are you so sure it won't happen?
Is SBF rotting in jail right now or am I missing something?


You're not an advocate but you're opening a topic on how grateful we should be to CZ for all the glorious work he has put into crypto and that we should not dare to doubt to attack him and tolerate all his dick moves and all the bullshit the claims on Twitter because we're too stupid to understand his greatness. F*** CZ! And a big FY to all his cohort of asslickers too!


That's why I asked you, since you like regulation and open data so much, again, where are Binance headquarters and office?
Is Binance licensed and regulated in your country? Oh, wait, no it's not!


Building a monopoly, attacking others, attacking bitcoin, fleeing from the law? This is, good for the industry?


It doesn't matter, Binance is the only exchange you trade on and you're here praising Binance, that is called bias and that's how it is.

No, it's not like that!
There is no FTX intl, there is FTX Digital Markets Ltd., the subsidiary of  FTX Trading Ltd , both of them were registered in Bahamas.
FTX Digital Markets Ltd kept their bankruptcy with the Bahamas authorities, while FTX Trading Ltd agreed with the liquidators appointed by the Bahamas authorities to file for chapter 11 in Delaware US.


Money doesn't belong to a country!
The money belongs in both situations to the creditors that will file for a claim, there is no money going to the US or Bahamas government, all the assets will be frozen and retrieved by the ones appointed at restructuring or in case this is deemed impossible liquidate the company and pay up the how much as recovered to the debtors.
It's not like FTX Australia will pay first Australians then the users from New Zeeland and last the ones from France.

As for how will they be split it's simple, the money either belongs to FTX DM or to FTX Trading, and there will be no split in any moving assets from one side to another.


Again, it doesn't work like this, each of the companies will have to pay back their own claims first if anything is left will there be a complete liquidation nd see who gets the extra or it might be that the exchange will be kept running as a separate entity! There is no pooling of funds and paying randomly.

If you don't know the name of the owner, nor the correct name of the exchange if you have to search who the guy was, then why are you so angry at him being "popular" when he obviously isn't as you don't have a clue about him?


I'm actually not sure this is what's happening there, when I type SBF I get results related to the crypto scandal, when I type SMF I don't get any hit, not even in the news, I get news from French and Indonesian sources but nothing about SBF and FTX.


Yeah, I'm pretty sure that after losing 10 billion, with a high chance of getting in jail SBF must be so damn happy that when people search SMF (how many even do this) they get results on how much of a scammer and incompetent he and his team was. You're putting way too much emphasis on how much people normally care about their social media presence or internet exposure, especially in this case.

Anyhow, quite ironically, while complaining about his popularity you just opened a thread with his name and made a lot of people that are curious about your story search for " SBF", exactly the opposite of what you were angry of.

Would help more to pinpoint what happened if he could remember if he was CPU or GPU mining at that time, for now with the info we have we could only say that he was probably mining on a pool and that CMD thing he remember might have been one of the mining programs like cgminer but that's of no real help.

Anyhow, there are just a few pools that are still online and only slush would be the one that he could have used back at that time, if he can't figure out how to recover his account then that's it.
If he was solo mining (which I doubt because of the webpage thing) he must first recover those files, again, I doubt he has them since he could have started the program and remembered what he was doing.

Anyhow, maybe one of the old timers here that was an active miner at that time might have a flashback but the chances of getting those coins....

And Ghana has defeated South Korea, does this make Ghana more technologically advanced in any field than SK?
Or more bitcoin-friendly?


Do you actually think that Nokia is a Japanese brand?
God, it's so funny to see all these experts in geopolitics and global economy casting their opinion when they don't know even basic stuff.

Anyhow, how does somebody define being in the first place in the crypto industry?
Have exchanges operating from your country? Then the Bahamas was a leading country till...a month ago!
Developing shit tokens that fail two months after launch?
What are the others criteria cause the two above really suck!?

Almost all of those are instant exchanges, day trading with 0.5-1% fees on each trade would mean losing money for any trader or switching from day to weekly to allow at least a 3-5% swing to make a profit. People that day trade on major CEX with huge volumes can't sometimes wait for even one block confirmation before they buy or sell again.
Take one of those p2p rated 9/10, bets offer for me right now is 16620.37 EUR per BTC, and the spot price is 16,133.54, already losing 3%.

If you want to DCA or just cash in some profits after a good week yeah, but day trading, no way!


Withdraw only should mean no trading also, otherwise what's actually blocked, only deposits?
I have my account also disabled but funny enough my card with ~2$ on it still worked as I bought for fun a bottle of Pepsi in the gas station.
Unfortunately, I can't test trade anymore since I don't hold even 1$ minimum to see if it still works.

What would be the point of running a full node on a separate if you think you might have to completely unpowered it for months at a time?
If you just plan on running it occasionally twice a year just use your usual dive and then get rid of the data till next year.


Blockchain data is available from thousands of nodes, there is nothing that is permanently lost because of a single drive failure, that's actually the sale point of a decentralized system, you lose the blockchain data on a failed drive you just put in a new one and resync from the network. Far easier than trying to recover it from a broken HDD.

Anyhow, just go with a standard 1 TB SSD like the EVO series from Samsung, it's $80 right now and you won't need more space this decade.


I bought my desktop SSD on 08.03.2018 according to the invoice in my email, HDD Sentinel says 1689 days and 15 hours of power on time, so, you can safely put 5 years minimum there.

None


Of course, because you're using something that is not yours to deceive for financial gain. The pure definition of fraud.


Credit repair services are also mainly scams, there is no such thing as fixing a credit miraculously or erasing debt or bankruptcy by paying a few hundred dollars, a few legit ones can help you with errors in your history when you have proofs that data is wrong or with advice to check on dubious numbers that you didn't notice, nothing else, most of them are just as shady as those bitcoin recoveries or Instagram unban services.


It's impossible so it would've no use whatsoever since we're talking about theoretically growing something that is not accepted anywhere.

So does smoking, drinking, driving, and eating unhealthy. So, we should make a committee and decide that people should not be allowed to do anything that might be harmful to them and might have consequences?

We had another topic where someone was criticizing banks for not allowing him to deposits to a crypto exchange, by the same "protectionism" banks did a good thing since they didn't allow you to deposit money on an unlicensed exchange that requires you KYC and might run with you coins and sell your data!
Your keys, your coins, your decision, it might be stupid, in some cases it's really stupid but you can't force anyone to stop doing it.
If someone wants to trade his bitcoins for shitcoincash, should there be a law against it?  


Hello, Sadolf Nakatler!
And here we go across the thin line where you suddenly want to turn people into slaves because they are not playing along with your view. At first is for punishment for criminals, then for the ones with a different opinion, then for the ones that don't do every single thing you ask them to. As always, from freedom advocates to tyrannically despotism it's just one tiny step, usually because somebody thinks he is smarter than the rest of the world and everyone else is dumb so he must follow his rule.

Being on bitcointalk and reading how we need to turn bad guys into slaves and send them to mental hospitals sure seems unreal.

"Uncommon" is the chance of matching one of  40 million out of 2¹⁶⁰ in a trillion tries, you know how many zeros after dot and zero that is?

I'm pretty sure math doesn't work that way..


Just 316880878.14 Years, no biggie!