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1  Other / Politics & Society / Re: There's a new table has been built and U.S does not have a seat at it. on: March 24, 2023, 11:17:07 PM
There's been some rumors that Saudi wants to settle their oil trades in Yuan (China's currency) replacing the Dollar. If this happens, the Dollar's global reserve currency status will be in serious question. And one more thing, Saudi and Iran could join the BRICS (Brazil, Russia, India, China). If this is to happen, it will become one of the largest oil producing alliance. This is like half of the global population, where US is not a part of it.
How much of an impact this could have on the global economy and how bad or good is it?

The potential shift in the global oil trade towards using the yuan instead of the dollar and the possibility of Saudi and Iran joining BRICS would have significant implications for the global economy.

If the shift occurs, it could diminish the demand for the US dollar as a global reserve currency, which could weaken its value and reduce its dominance in global markets. Additionally, the formation of a large oil-producing alliance that excludes the US could potentially shift the balance of power in the global economy and have significant geopolitical implications.

However, it is important to note that these are still rumors at this point, and any such shifts would likely take time to occur and have complex consequences that are difficult to predict. The impact on the global economy would depend on a variety of factors, including how quickly the shift occurs, how it affects other markets and currencies, and how major players in the global economy respond to these changes.
2  Bitcoin / Legal / Re: The war is on on: March 24, 2023, 10:49:32 PM
Coinbase has assembled their team of avengers to go and face the SEC and prove to them that proof of stake projects are not a security, how do you think this will end?  The team consists of six different tough attorneys, will this end in Success or failure? So far, why is coinbase the only one who was forced to assemble to battle?

It's like the whole crypto space is yelling out to Coinbase to save them.  Cheesy

The outcome of Coinbase's efforts to prove to the SEC that proof of stake projects are not securities remains to be seen. The fact that Coinbase has assembled a team of experienced attorneys indicates that they are taking this issue seriously and are prepared to fight their case.

It is worth noting that Coinbase is not the only cryptocurrency company that has faced regulatory challenges recently. Many other companies in the crypto space have also had to deal with regulatory issues, and it is possible that more will follow in the future. As to why Coinbase seems to be at the forefront of this battle, it could be due to a variety of reasons, such as its high profile, its size, or its unique business model. Ultimately, the success or failure of Coinbase's efforts will depend on a variety of factors, including the strength of their legal arguments, the SEC's response, and the broader regulatory landscape for cryptocurrencies.
3  Alternate cryptocurrencies / Altcoin Discussion / Re: Ordinals - NFTs on Bitcoin network on: March 24, 2023, 10:41:14 PM
Hi, how do you view Ordinals? The market is a bit young, but it's already becoming competitive with ETH, not to mention Solan and other Cardano. Do you think there will be a boom for it like there was for NFTs in the previous bull market?

Ordinals is a relatively new market that is competing with established cryptocurrencies such as ETH, Solana, and Cardano. It is difficult to predict whether there will be a boom for Ordinals similar to the one seen for NFTs in the previous bull market. Much will depend on the market's adoption and the unique features and benefits that it offers compared to other cryptocurrencies. Only time will tell how the Ordinals market will evolve and develop in the coming years.
4  Economy / Economics / Re: Today I learned some US states mandate gold and silver as legal tender on: March 20, 2023, 03:19:34 AM
Would fans of crypto support laws to establish precious metals as forms of legal tender? What does everyone think?

The support for laws to establish precious metals as legal tender among fans of crypto is likely to vary. While some may see this as a positive move towards diversifying the currency system and providing more options for payment, others may view it as unnecessary or even counterproductive to the growth and adoption of cryptocurrencies.

One of the core principles of cryptocurrencies is decentralization, which means that they operate independently of government or central bank control. The establishment of precious metals as legal tender by the government could be seen as a threat to this decentralization and may be viewed with suspicion by some cryptocurrency enthusiasts.

That being said, there may be some who believe that the coexistence of precious metals and cryptocurrencies as legal tender could provide greater financial stability and flexibility. Ultimately, the views of fans of crypto on this matter will depend on their individual beliefs and priorities when it comes to currency and financial systems.
5  Bitcoin / Legal / Re: Security bindings for bitcoin on: March 20, 2023, 02:14:56 AM
What really do you think about safety of btc, probably some form of legal bindings legacy for the project. Am assuming if btc has this securities it will do it more good improving the stability of government collaborating with project for longer extensions and records.

Do you know if btc have this binding records or what is the safety security of it?

Bitcoin operates in a decentralized and trustless environment, which means that there are limited legal protections for Bitcoin users and investors. While some countries have implemented laws and regulations that specifically address Bitcoin and other cryptocurrencies, there is no universal regulatory framework for Bitcoin. The security of Bitcoin is based on a combination of cryptographic algorithms, peer-to-peer networking, and a consensus mechanism. The decentralized nature of the network means that there is no central point of control, which can make it more resilient to attacks and censorship.

However, it is important to remember that Bitcoin, like any technology, is not infallible and there have been instances where the network has faced challenges such as network congestion, high transaction fees, and security breaches.
6  Other / Beginners & Help / Re: Who is most reliable person? on: March 20, 2023, 01:52:06 AM
Can we also show our bitcoin key to someone closer, maybe love, spouse, next of kin?
Better still between someone; who introduced and taught you about bitcoin, a friend or family member and your children who's most preferred and reliable person to give out our information about your bitcoin?

It's generally not recommended to share your Bitcoin private key or any other sensitive information with anyone, including your loved ones or family members, unless it's absolutely necessary. Your private key is essentially your password to access your Bitcoin, and if someone else has access to it, they can potentially steal your Bitcoin or misuse it.

However, you can share information about your Bitcoin with someone you trust, such as a close family member or friend, without actually sharing your private key. For example, you can tell them about your investment in Bitcoin, how you manage your Bitcoin wallet, and your overall strategy for buying, selling, and holding Bitcoin.

If you want to ensure that your Bitcoin is passed on to your loved ones in the event of your death, you can consider setting up a legal will or trust that includes instructions for how your Bitcoin should be transferred to your heirs. You can also consider using a multi-sig wallet, which requires multiple private keys to access your Bitcoin, and give one of the private keys to a trusted family member or friend.

Ultimately, the decision to share your Bitcoin information with someone is a personal one that should be carefully considered based on your individual circumstances and the level of trust you have with the person in question. It's important to remember that once you share your private key or any other sensitive information, you lose control over your Bitcoin and the risks associated with it increase.
7  Other / Off-topic / Re: What's the most beautiful language? What's your favorite language? on: March 19, 2023, 05:19:43 AM
Language preference is subjective and can vary based on personal experience and exposure to different languages. While many people find English to be a beautiful language, it's important to note that language preference is not always influenced by being a native speaker. Ultimately, there is no one language that is universally considered the most beautiful, as each language has its unique qualities.
8  Other / Beginners & Help / Re: which sub-forum is suitable for posting bitcoin ordinals related nft project? on: March 18, 2023, 10:35:09 PM
which sub-forum is suitable for posting bitcoin ordinals related nft project?

If you're looking to post about a Bitcoin-related NFT project, the most appropriate sub-forum on Bitcointalk would be the "Alternate cryptocurrencies" or "Altcoins" sub-forum. These sub-forums focus on discussions about cryptocurrencies other than Bitcoin, including NFTs and other blockchain-based tokens. However, it's always a good idea to read the forum rules and guidelines before posting to ensure that your post is appropriate and follows the forum's guidelines.
9  Other / Off-topic / Re: What all men's want most in life on: March 18, 2023, 10:06:11 PM
For me, not all men want the same thing of course, But from  where I come from most men want thing like Power over all,
Wealth for some is more important to them to and also the key word called "Respect" and also they want to be called the bread-winner of the house, And like to be
treated in a way that does'nt Diminish their Egos or make them feel inadequate and also a man want this most in his life to always praised him for his hard works and above all they to be called a Great Guy.

It is important to remember that not all men have the same desires or goals in life, and that societal and cultural factors can also influence what men may prioritize in their lives. That being said, some men may value power, wealth, and respect, as well as being seen as the primary provider for their family. Others may prioritize personal growth, relationships, or creative pursuits. Ultimately, what each man wants most in life will depend on his individual values, experiences, and goals. It is important to approach each person as an individual with unique desires and priorities, rather than making assumptions based on gender.
10  Other / Beginners & Help / Re: Cashing out profits & Tax in the UK? on: March 18, 2023, 09:57:02 PM
I have been in crypto 14 months now and yet to cash out any profits but I am just wondering when I do so how the tax works? Do I have to pay that straight away or do I have months after cashing out to pay the taxes on my profits?

At the moment I am just under break even, if my portfolio was to 2x in the coming months for example and I decide to cash out what I put into the market and leave the profit. How does that work?

I want to be ready for when the time comes to cash out and understand how and when I need to pay the taxes.

In the UK, the tax treatment of cryptocurrency is subject to HMRC's guidance on cryptoassets. HMRC considers cryptocurrencies to be assets, and therefore, profits made from buying and selling cryptocurrency are subject to capital gains tax.

When you sell your cryptocurrency, you must calculate the capital gain or loss on the disposal of the asset. The capital gain is the difference between the sale price of the cryptocurrency and its original cost, including any fees and transaction costs.

In the UK, you have an annual capital gains tax allowance, which is currently £12,300 for the tax year 2022/23. Any capital gains below this allowance are tax-free. However, if your capital gains exceed the annual allowance, you will be required to pay capital gains tax on the profits above the threshold.

You will need to report any capital gains tax liability on your self-assessment tax return, which is due by January 31st following the end of the tax year. If you fail to report your capital gains tax liability or submit your tax return by the deadline, you may face penalties and interest charges.
11  Other / Beginners & Help / Re: I Never belittle my SATs because a drop of water makes an ocean on: March 18, 2023, 09:49:51 PM
There is that popular provers which say, A drop of water can make an ocean. yes I believe is true because I gradually accumulated some SATs and now have move from being Satoshi owner to Bitcoin holder. I want to encourage my fellow newbie that you should also give your Satoshi full security because if scammers get a hold of your wallet, they are ready to always keep an eye on the wallet untill the day it will contain a huge asset. Don't wait until you own a lot of Bitcoin before you can take security seriously.

I agree that small amounts of cryptocurrency can accumulate over time, and it's important to take security seriously regardless of the amount you hold. Protecting your wallet from scammers and hackers is essential, and everyone should prioritize safeguarding their digital assets.
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