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I'm not even sure "cash" will survive. People will be hoarding more concrete stuff like food, shelter and ammo.
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It's also possible that even with the halving, that there's no bull run and that we have reached the ATH for a while.
I think it's better to buy Bitcoin because you believe its fundamentals are good and you think it makes up for sound money.
Anything else -- especially with money you can't afford to lose -- is too risky.
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It really seems to me to be all hype and nothing concrete. I'm still not sure what's the use of the "metaverse".
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I don't know if WWIII will happen because of that, but this issue really highlights the pitfalls of globalization. Countries should strive to be independent in sectors such as energy or food production!
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Lying is part of human nature, I have no doubt about it.
According to my observation, socially-savvy people are especially good with "white lies" to grease social interactions.
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It will be like other halving: because less Bitcoins are being generated, its value will increase.
However, I do not know if the value will increase as much as in the past since we will probably in a cycle of rising interest rates.
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Good for her! I know a friend who unfortunately forgot the password to his wallet from 2013.  |
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I'm very doubtful about the "metaverse", but who knows, maybe I'm wrong!  |
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My opinion is unpopular among my friends, but it's not because something is energy-intensive that it's necessarily bad. In exchange for Bitcoin's energy consumption, we have a decentralized, incorruptible and uncensorable ledger of financial transactions. That seems like a great deal to me!
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They aren't many legit projects for sure. Honestly, I see BTC as the only legit project where the author's motives were "pure".
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It's possible, but it's definitely not easy! I used to operate ATMs and our business would fluctuate wildly!
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While it's ironic, self-custody is hard. If thieves were determined to break into my house, could they do it? Probably. Would my safe be enough to keep them at bay? I really don't know.
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Elon Musk is just one variable among so many. In the short term, he surely can have an important influence on Bitcoin, but on the long-term, it doesn't matter.
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I believe it was in 2013, during a bull run. I remember thinking, "Man, it's already too late to invest in it." Boy was I wrong! |
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What always bothered me about Tor is that there is not real incentive to be a node. There's the same incentive as with running a Bitcoin node: privacy. Whenever you use Tor to browse the internet privately, you're a node that relays traffic. That's why the more Tor users the better. You can use Nyx to see to whom you send information, by whom do you receive it, and other general bandwidth info. What you must have meant is an incentive to run an exit node. Not only doesn't there be an incentive, but there's actually a disincentive, because IP addresses from exit nodes are not welcomed in some sites. That's why there are very few: https://tor.stackexchange.com/questions/646/why-are-there-only-1000-exit-relays/You are a correct: I meant exit node. |
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I would say that mainly those who try to avoid KYC buy in this way, but also those who have not yet found out that there is a much cheaper alternative, whether it is CEX or DEX. As you yourself say, the price of such a device, along with all the costs arising from maintenance, insurance, and paying taxes, does not give the owners too much room to lower fees and be competitive with other players on the cryptocurrency market.
However, the number of such devices is constantly increasing, and regardless of the current situation, I think that it will continue, perhaps even at an accelerated pace, considering that more and more people are learning about Bitcoin and want to buy it in one way or another.
People who are doing shady business definitely avoid KYC. People who are being scammed, not so much. As a result, large transactions are often made by people who are being scammed, not people who are doing shady business. We've had customers who didn't care so much about the fees as they were caught in the hype or they were only buying a small amount of BTC. We've also had customers who didn't know about cheaper alternatives, or who couldn't use them because they were being blocked by their banks. Unfortunately, these types of customers are not as common as one would think. It was also interesting to me if Bitcoin ATMs have limits for deposit. With regular ATM, in some countries there are monthly limits of 5k for cash deposit, and it is physically impossible to insert a pile of banknotes in ATM whole. 1 Bitcoin, that is $19k or a solid pack of cash. It will take time before you feed all the banknotes to ATM. I am sure that will gonna cause people's interest, when they observe a person inserting banknotes for 10-30minutes without stopping. To that will be first signs of loosing anonymity. Imagine a persons wants to turn shady cash into 5 or 10 BTC...
P.S. I just cant imagine a person that wants to turn $10 into BTC will care much about KYC and will go to ATM to lose 8-20%.
The limits depend on the company and the law in the country. In Canada, if you want to buy or sell more than $1,000 at an ATM, you have to give out some of your personal information. If you want to buy or sell more than $10,000 per 24 hours at an ATM, you have to give even more information. And yes, most ATMs will only accept one bill at a time, so it takes forever if you want to make a big transaction. |
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As a former operator of ATMs, I do not see a bright future for ATMs. (I live in Canada.) They are expensive to buy and you have so many fees to cover that you have to charge an extremely high markup to customers. Depending on the company, the markup ranges from 8 to 20%. And who buys Bitcoin at 8-20% markup? People being scammed and people doing shady business.  |
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What always bothered me about Tor is that there is not real incentive to be a node. Yet, at the same, being a node requires many resources. Among them, you better have an ISP that's going to be lenient over all the crazy stuff that's going to go through your node! As such, nodes are often run by intelligence agencies. It's why I don't really trust Tor... |
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When I had a Bitcoin ATM business, I was suprised by the sheer amount of people who told me "they had no money for one Bitcoin". That's when I taught them they didn't need to buy a whole Bitcoin to get started!
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