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April 17, 2021, 09:34:40 PM *
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1  Other / Meta / Re: Get Notified when quoted - on forum feature on: Today at 01:39:10 PM
Hopefully, Epoch talk will have it. I will go for LoyceV's creation in this case. Thanks for the feedbacks and suggestions ya'll.

Yeah, it would be helpful, though I believe it was one of the features being worked on for the new forum software.

Any idea when the new software will be implemented? I don't go almost for that section but I see that the threads there started 7 years ago.

It's not that I'm too expectant about the new software either as some things could be improved, like what is talked about in this thread, but I've seen software changes in other forums that I didn't like.

2  Other / Off-topic / Re: Covid -19, Stagnant of whole world on: Today at 01:32:07 PM
Corona Virus only kills the elderly & people with pre existing health conditions. You don’t need to pray to anybody, you just need a moderately good immune system. The world has been in mass hysteria over what is essentially a bad flu.

Don't say it too loud, if some people hear you in the Politics section they will tell you that you are a fascist who with your careless behavior kills old people.

Nobody knows the solution now.We must pray to Almighty to get rid of it.

Your prayers to the Lord may work for what happens in the afterlife, but it has long been clear that in this world prayers to Gods achieve nothing.

Moreover, what you say is characteristic of primitive societies, to think that behind natural phenomena there is a deity that causes them. For example, to think that if there is a drought it is because a certain God is angry and then what we have to do is to pray or make sacrifices to that God so that the drought will pass.

With science it has been clear for a long time that behind natural phenomena there is no God controlling them at will.
3  Bitcoin / Bitcoin Discussion / Re: Bought my vitamins with Bitcoin on: Today at 01:24:29 PM
Yeah, the wrong part was not really about the fee but about it being p2p, it was more like a Paypal transaction than a decentralized p2p payment.
Even if it's between two different wallets and it is a real blockchain transaction as long as there is a payment gateway between like coinbase or bitpay it shouldn't be counted as p2p.

But, sincerely, I think that at least in the near future those types of transactions would far outweigh real on-chain ones, just looking at the fees it makes them really impracticable, I don't know how much those vitamins cost as I know their price can range from a few $ to a few hundred but still a 5-10$ is a bit of turn-off. Eh, in the end at least it did involve bitcoin, every day I feel like there are just so few people using it to sell and buy stuff.

That's what I thought when I read the thread. Let's see if he had paid $15 in fees to buy $50 worth of vitamins.

I'm not exactly thrilled with the OP's story either. At the moment Bitcoin is succeeding as a store of value and we will see if in the future it becomes a means of payment, either by LN or by this type of transactions. But if the Bitcoin is the best store of value in the world, which does not stop appreciating, giving the best returns, the most sensible thing to do is to keep it and not spend it. Spend worthless fiat instead.

I am not criticizing the OP for this, I too have made small transactions as the price of Bitcoin has been rising, but I am referring to the fact that I see it difficult for it to become a means of payment if it is such a good store of value, at least in the near future.
4  Other / Meta / Re: Get Notified when quoted - on forum feature on: Today at 06:39:58 AM
Wouldn't that be helpful?

Yes, I totally agree with that. Most forums have a similar system and I am surprised that this one does not have one. I'm surprised it's for a security issue as @Quickseller comments but I suppose there is some reason like that.
5  Bitcoin / Bitcoin Discussion / Re: Equivalent Network Time on: Today at 06:33:52 AM
Just yesterday I saw this video of a Poker player I follow:

Alec Torelli: The Future of Money: Ep.1 - What is Money?

Which is somehow related to this. He was commenting that money is closely related to time, because it takes us x hours of work to earn x money. And at the end of the video he pointed out that the best form of money would be the one that best represents time: our time is limited, so the best currency would be a limited one and not like worthless fiat which is potentially unlimited.

The vision of owning bitcoin representing network time is very interesting. I think we could establish an equivalence with a new way of thinking, like: if you own 1 Bitcoin today (2021) you own x network time which is equivalent to x working hours of someone who earns the median salary in x country (normally for international statistics the USA is used as a reference, like to calculate the number of millionaires in the world, where the dollar is used as a reference, but it could be applied to any country).
6  Bitcoin / Bitcoin Discussion / Re: Bitcoin: Store of value or Payment method or else? on: Today at 06:21:45 AM
Today it is more of a store of value than a payment method, although it can be used both ways.

It will take time, if ever, for it to come into widespread use as a payment method. Bitcoin has a problem for day-to-day payments: the waiting time for transaction confirmation and fees. This may be solved with the Lightning Network, but it remains to be seen.

Another point to keep in mind is that the price of Bitcoin revaluates enormously, so it is more profitable to keep the Bitcoin and spend worthless fiat than to spend it.

In short, it can be used as both, but today it is more useful as a store of value.
7  Other / Politics & Society / Re: The CDC will release biowarfare PATHOGENS in Texas and Florida to punish them on: Today at 06:16:35 AM
I wonder: is there any conspiracy theory that @BADecker does NOT believe in? The bad thing is that he keeps opening threads making predictions about the future in this case, and when they don't come true I bet he won't pay any attention and will keep opening this kind of threads.

It is not that I believe that the CDC are saints, and I also believe that there are dark things in this thing that has been called a pandemic, which is nothing more than an epidemic and they changed the name to pandemic when they changed the criteria on the mortality rate (being able to call diseases with very low mortality rates a pandemic).

If what the OP says is true, in a few months we should see an infectious disease outbreak in those states that differs significantly from the other states.

What will happen if we don't? That BADecker will not come to acknowledge his mistake.
8  Other / Politics & Society / Re: Will I be safe from litigation? on: Today at 06:09:21 AM
It will depend a lot on the country you live in. In some countries you can kill someone if he enters your property without your permission and in other countries, if you kill him you will go to jail and you will have to pay compensation to his family even if he was a violent criminal with a long record who had broken into your house armed.

The same applies to this case.

Anyway, I don't believe everything I read in the forums, but just in case, learn about the laws of your country.

9  Other / Politics & Society / Re: vaccine campaigns ‘will be used for massive-scale depopulation: Former Pfizer VP on: Today at 06:05:31 AM


By the way @cnut237, you always put that graph but there are things that the chart does not explain.

First of all, some of us believe that COVID cases have been being overdiagnosed, although I know you don't agree with that. But what that graph doesn't explain is why there were almost no cases in the summer, and then there is a huge spike in January. It has all the appearance of a flu-like graph. If the graph went further back, it would look similar, having the 2020 peak in March/April and then dropping.
10  Economy / Speculation / Re: Bloomberg predicting BTC reaching $400K in 2021 on: April 16, 2021, 07:27:08 PM
Some find it unrealistic that Bitcoin reaches $400k, but the PlanB model, S2F talks about this great price, which can come true at any time, the market is unpredictable, and the S2F model has a lot of validity so it expires, It is not an indicator or tool, plus it has a lot of inside information taking into account the best of Fundamental and technical analysis, BLoomberg is offering level 1A information.

Just a point of clarification. In the S2F model, as shown in the article written by @fillippone, there is a variance over the expected results:

Q1.
Quote
Stephan Livera: I guess the other factor here to think about is that in practice what happens is markets can swing, or it can overshoot and then undershoot. Can you discuss that a little bit?

A1.
Quote
PlanB: Absolutely. Maybe when we talk later about the model itself, you’ll see it doesn’t have an accuracy of 100%, of course, because it’s a model; so all those FOMO actions and bull markets and bear fear, it’s all not in there, and you see that in the chart as well. So, the model price is very simple, based on Stock-to-Flow; but the actual market, of course, where fear and greed are playing out, so it overshoots and undershoots. Usually, what you see… “usually,” I mean the last two times… is that the market overshoots 3-10x the model value, but undershoots 50% maximum, so that’s one of the reasons why I thought, “Okay, if we’re at a model value today of a little above $6000, 50% of that $3000 should be the bottom of current bear market. But, yeah, that’s how I see it.

The good thing about the model is that even if we have this divergence, the trend is regression to the mean, so that sometimes we will be above the predicted price and sometimes below, but always going up and down around the predicted price. So let's hope that the model continues to be successful.

11  Other / Politics & Society / Re: vaccine campaigns ‘will be used for massive-scale depopulation: Former Pfizer VP on: April 16, 2021, 07:11:03 PM
I will be sad if the great Depopulation don't happen, as many believers in here believed that. I can't wait to see the earth depopulized from "VACCINES" made by humans of course.

I don't think that the "FORMER" Vp has any reason to destroy the reputation of his old company.

we will see in 10 years the results of vaccines.  Cry

Why ten years when it is injected directly in the bloodstream. A day or 2 is long enough if you think about it.

If something is injected into your blood that has detrimental effects on your organism, it does not have to manifest itself in just two days, it is not a matter of thinking alone.

In this article: Long-term Side Effects of COVID-19 Vaccine? What We Know. you can find descriptions of negative side effects of all types of vaccines that appear up to two months later. I heard an expert on television say that they could appear in up to six months. That's why I think the more time has passed since mass vaccination began, the more we can trust the vaccines. But let's not exaggerate either.
12  Bitcoin / Bitcoin Discussion / Re: What will happen if Satoshi moves or sells his Bitcoin? on: April 16, 2021, 06:58:41 PM
As it seems most likely that these bitcoins will not move, since they have not moved in all this time, I wonder what is the reason. I can see three reasons:

1) Satoshi is dead
2) He doesn't care about the money or doesn't need it. His creation is somewhat superior to the personal profit he could make.
3) He lost the keys.

2) it is more difficult to believe, there are not many people like that in the world, although there are some. Also in this case it would be normal to think that he is not going to give the keys to anyone and that when he dies, no one will have access to those keys, if he has not already destroyed them.
3) It is also hard to believe, but it is not impossible.

In any case, I think we can consider those Bitcoins as lost as the most likely scenario.
13  Other / Off-topic / Re: My post collections on "Gambling Discussion" Section on: April 16, 2021, 04:36:58 PM
I often wonder how many of the members in gambling signature campaigns are problem gamblers. I have seen several posts of the style you quote. I remember replying to one that disappeared and I understand it was deleted by the same person who opened it. Then there was another one lately that he himself said he was going to lock or delete the thread. Surely they feel great shame after realizing the loss, open the thread, and then for some reason regret it and delete it, or lock it.

But I think the key to what is happening is given by the last comment:

The topic is very complex, apparently, I am not a responsible person, since I like online betting, right? I do not think so. I'm a gambler, I like to bet and play, what's wrong with that? I'm not worried about my money, it's important for me to get high from betting. I know the risk I'm taking, I'm fully aware of it. But that doesn't mean I'm stupid, okay?

Many people when they gamble get into an emotional state similar to that of a high, so they end up doing things that if they stopped to think rationally, they would not do. I am not referring to the fellow member aidi_hex who seems not to get into big problems in spite of getting "high" while gambling. I know many people who gamble responsibly. Some lost a little more than reasonable on a one-off occasion, but by and large gambling is an entertainment that thrills them and sometimes makes them money, although most of the time, in the long run, they lose money.

Those who develop a serious problem of self-control with gambling have a difficult solution, and I believe that it happens by

1) Seek help.
2) Quitting gambling for good. It happens like with alcoholics, even if they go years without drinking, a single drink triggers them to return to the destructive pattern of alcoholism.

By the way, I don't know why this is in off-topic, I think it should be in the Gambling section.

14  Bitcoin / Bitcoin Discussion / Re: Saving asset in bitcoin is much more better than saving in banks on: April 16, 2021, 04:13:21 PM
While I generally agree with the OP, it seems to me that he believes what he says in a very simplistic way, just because of the return it has given him in less than a year. The same could have happened to him with a shitcoin or a startup that then goes bust.

I think it is better to save in Bitcoin but because of its limited and decentralized nature, and because after what we are seeing this cycle, there is no stopping it. The return is a consequence of this, and of massive fiat printing.



15  Bitcoin / Bitcoin Discussion / Re: Does it still make sense to dollar cost average when the market is crazy bull? on: April 16, 2021, 11:19:19 AM
Of course it makes sense. DCA works always because you can't predict the future. It is always better to do DCA than to try to time the market. If you believe that Bitcoin is going to keep going up in the long run, and that it will reach $100k and eventually $1M, trying to time the market (risking losing) makes no sense.
16  Other / Politics & Society / Re: The Immortality Project on: April 16, 2021, 10:34:54 AM
I will borrow what Wim Hof said in an interview, it is only when we are not afraid of death that we will be able to do anything, this are not his exact words but you will get the point across.

That's a great thought. The point is that this is fighting against the natural survival instinct that we have and that makes us afraid of danger as a way of preservation. But there have been people throughout history who set an example of that, not to be afraid of death. In general, it is something that diminishes the older we get, with some exceptions, as there are those who are fearful all their lives.
17  Other / Politics & Society / Re: The Immortality Project on: April 16, 2021, 06:42:09 AM
There are a lot of billionaires spending money trying to become immortal, they also cryogenize themselves when they die.

I think it is better to accept the fact of death. The fear of death is so powerful that it gave rise to religions, with the influence they have had on the history of mankind.

No matter how much you cryogenize and are resurrected, you are going to die. Nothing is eternal.
18  Bitcoin / Bitcoin Discussion / Re: Why doesn't bitcoin go up higher percentages like altcoins? on: April 16, 2021, 05:19:56 AM
With some coins going up 50% or even l00% in a day or few days or in a week... any reason why bitcoin doesn't do that almost ever?  Look at binance coin and many of those other coins that are literally doubling in a week.  Now the btc dominance is going so low.  And even when btc goes up... you don't ever see it going up that much percent in a week.  I mean... its rare to see bitcoin say go up 50% in a week yet tons of altcoins do it.

Yes, but don't cry.

That's simply because of the market cap, when Bitcon was worth much less it also had higher percentage changes. With $1T market cap it's much harder to move the price, and yet it's still the most profitable asset, more so than those shitcoins. You can play to get the movements of those shitcoins right in the short term but it's like playing roulette.

And I'm not worried about the market cap. Bitcoin loses market cap with respect to 10,000 shitcoins? LOL Let's compare one to one to see.

19  Bitcoin / Legal / Re: Ray Dalio predicting bitcoin to be outlawed on: April 16, 2021, 05:15:41 AM
I believe that Bitcoin is too big to fail. By this I mean that, especially in the USA, I see a hard ban as almost impossible. You have to think of all the companies that are getting into the Bitcoin world, either by buying it as a reserve or by implementing mechanisms for people to buy and sell it, like Paypal. All those companies have lobbies, there are pro-bitcoin senators, the SEC chairman taught a course on Bitcoin and blockchain at MIT etc.

At some point in the past I would have bought into a hard ban but not today. What might be is that some other kind of measures are put in place such as banning it being held off exchanges and the like, as has been mentioned.

20  Economy / Economics / Re: Coinbase has started trading in NASDAQ minutes ago on: April 15, 2021, 07:56:41 AM
Now that Coinbase has been valued at double digit billions, we have to wait and see what investors like Warren Buffett have to say about it.

LOL.. I don't expect any change in the stance from Warren Buffet. He has become more and more grumpy with his age and he still can't fathom the fact that an innovation that he derided earlier has now reached a market cap of $2 trillion plus. His recent statements also confirm that his stance is unchanged. That said, I need to ask you why you guys are so desperate to get the attention from this guy. IMO, we don't need his certificate or endorsement.

Lol! You are right. Other than that, Buffett has underperformed the S&P 500 over the last 15 years or so. He missed the big tech bandwagon and only a few years ago bought Apple. He got rich in a different world. He is not the best person to analyze well what is going on in the crytpo world.
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