FTX Bankruptcy Judge Denies US Trustee's Request for Independent Examiner

The judge presiding over the FTX bankruptcy case has denied the U.S. Trustee’s request to appoint an independent examiner for the ongoing proceedings. The decision comes after judge John Dorsey postponed the ruling last week, citing concerns that the examiner could cost creditors tens of millions of dollars.

Source: https://news.bitcoin.com/ftx-bankruptcy-judge-denies-us-trustees-request-for-independent-examiner/

SEC Chairman Proposes Amending Federal Custody Rules to Cover 'All Crypto Assets'

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has proposed amending federal custody rules to cover “all crypto assets.” The SEC chief said: “Though some crypto trading and lending platforms may claim to custody investors’ crypto, that does not mean they are qualified custodians.”

Source: https://news.bitcoin.com/sec-chairman-proposes-amending-federal-custody-rules-to-cover-all-crypto-assets/

There must be a couple of miners if there are "daily raids on crypto farms" 

I couldn't find current electricity prices for Abkhazia on the internet, but according to this article: https://oc-media.org/electricity-prices-to-double-in-abkhazia-as-rolling-blackouts-return/ - it doubled from ~$0.01 to ~$0.02 in late 2022 - that's still extremely cheap compared to other nations => mining is profitable in this country.


Cheap electricity means: mining companies from other countries are moving their operations to this country (population doesn't matter)

Are you buying physical gold or paper gold? I think it is good to have gold in case of a power outage or in case of domestic or global internet problems.

I do have some physical bullion gold, silver, and platinum. I actually bought it with crypto.

Authorities in Abkhazia are stepping up efforts to clamp down on cryptocurrency mining amid electricity shortages in the winter months. The government of the breakaway Georgian region announced it’s also taking measures to prevent imports of mining equipment.

Source: https://news.bitcoin.com/daily-raids-on-crypto-farms-as-abkhazia-intensifies-mining-crackdown/

Stocks, bonds, ETFs, gold, silver, real estate?

What do you see as their advantage?

How do you decide your wealth allocation for each asset type?

Personally, I do have my own apartment, some gold, silver, stock, coffee & oil futures, some valuable collectibles.

Let's discuss this.

A new law expanding the regulatory framework for cryptocurrency miners while restricting their access to low-cost electricity has entered into force in Kazakhstan. The legislation introduces a licensing regime for mining with two different categories of licenses that companies will have to renew periodically.

Source: https://news.bitcoin.com/kazakhstan-law-limiting-crypto-miners-consumption-of-electricity-enters-into-force/

Bitcoin Cash (BCH) is a cryptocurrency that was created in 2017 as a result of a hard fork of the original Bitcoin blockchain. It offers several benefits over its predecessor, Bitcoin (BTC), making it a more attractive option for users and businesses.

• Faster and cheaper transactions: One of the main benefits of Bitcoin Cash is its ability to process transactions faster and at a lower cost compared to Bitcoin. BCH has a larger block size limit, which means that more transactions can be processed in a shorter amount of time. This makes BCH a more practical option for everyday transactions and micropayments.
• Increased adoption and liquidity: Bitcoin Cash has a larger and more active community of users, merchants, and exchanges, which has led to higher liquidity and greater acceptance compared to Bitcoin. This makes it easier for users to buy, sell, and trade BCH, as well as use it for everyday purchases.
• Decentralized and secure: Both Bitcoin and Bitcoin Cash are decentralized, meaning they are not controlled by any government or financial institution. This gives users more control over their funds and provides a higher degree of security compared to traditional payment methods.
• Long-term sustainability: Bitcoin Cash is designed to be a more sustainable cryptocurrency compared to Bitcoin. Its larger block size limit and lower transaction fees make it better suited for widespread adoption and use in the long term.

Bitcoin Cash offers several benefits over Bitcoin, including faster and cheaper transactions, increased adoption and liquidity, decentralization, and long-term sustainability. These benefits make it a more attractive option for individuals and businesses looking to use cryptocurrency for everyday transactions and investments.

Menschliche Erfindungen kommen und gehen und die Menschen suchen immer nach neuen spannenden Ideen. Nichts bleibt für immer.

Denkt ihr ist Bitcoin und das Konzept einer Kryptowährung bereits veraltet und wird bald von etwas neuem abgelöst?

Wie ist eure Einschätzung in 2023?

Früher war es noch so, dass noch innovative Krypto-Ideen aufkamen, doch heutzutage steht fast nur noch der Marktpreis und die Spekulation im Mittelpunkt. Ich denke auf lange Sicht ist ein solcher Markt nicht solide und zum Kollaps verurteilt.

TL;DR: Bitcoin ABC (current reference node) has implemented a coinbase rule to redirect 8% of the block reward to them, everyone in BCH disagrees.

A new development team was created in response - Bitcoin Cash Node: https://bitcoincashnode.org

And a replacement for the ABC-owned bitcoincash.org page: https://bch.info

More info: https://read.cash/@georgedonnelly/amaury-sechet-is-forking-bitcoin-abc-away-from-bitcoin-cash-d701cbde

What's everyone outside of BCH thinking about a dev team implementing a controversial consensus rule redirecting 8% of the block reward to them? What would you do?

Maybe edit OP and add:

Bitcoin Cash Node

https://bitcoincashnode.org

Full Stack (APIs, free tier and paid available)

https://fullstack.cash

Sometimes having your own keys can be a risk: when you don't have a clear mind (drunk/high/enthusiastic) and/or are about to make a big mistake like that.

Generally having your own keys is better, but storing some coins on centralized exchanges isn't a terrible idea if you enable 2FA and whitelisting and such.

Okay, but what if you combine a few services like that? I found the two mentioned above, but maybe there are others (?) - you can definitely use them simultaneously.

I recently discovered an old explanation to verify provably fair games (for old version of satoshidice.com, but I think the verification process is still the same)

Mentioned in another (related) thread: https://bitcointalk.org/index.php?topic=5262858.msg54816907#msg54816907

That's true, I recently tried nano, did not buy nano, but for payments? I'd use that instead of BTC.

Development is also centralized in BTC: 97.6% of all nodes are Core (source: https://coin.dance/nodes)

I own more ETH than BTC

But it needs to solve some issues.

Maybe it's a typo and it should say "Probably fair"  


I found an old link to verify satoshidice.com games: https://bitcoin.stackexchange.com/questions/4609/how-can-a-wager-with-satoshidice-be-proven-to-be-fair

You should prepare good documentation (dates/time/relevant information/addresses/e-mails) and try the following:

- complain elsewhere publicly, like on reddit or something
- tell @brianarmstrong on twitter that his company's employees are not helping you regaining access to your own funds
- file a consumer complaint (for U.S.: https://www.usa.gov/consumer-complaints#item-35237)

I like ETH, but this needs a fix. Some stablecoins and other tokens are moving to other blockchains now (USDT / Tether can be transferred on Bitcoin Cash for less than 1 cent)

Maybe related, maybe not:

I have received a suspicious e-mail from Twitter like this.