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1  Economy / Collectibles / Re: [FREE RAFFLE] MYBITS SERIES 2 SET on: Today at 12:11:26 AM
10 - Abiky

Thank you! Cheesy
2  Alternate cryptocurrencies / Altcoin Discussion / Re: Does staking even make any sense on: June 29, 2022, 02:00:15 AM
Staking is for anyone that have too much money and they don't really need them so they could grow their money instead.
It definitely isn't carrying the same chance of return of investment like trading but it's quite safe investment alternative in case you just want to leave your money and let it grow.
Also, usually anyone that stakes have massive capital so they got higher return of investment, it's just matter of how much capital you have in getting greater ROI.

Exactly. Staking is more suitable for whales who have a lot of money to waste. But it's not for the average Joe like you and me. If you have the capital to stake long-term I'd say go for it. Unlike banks, PoS coins give higher returns per year. That entirely depends on the stake rates and current market price of the coin you're investing into.

I see many altcoins abandoning PoW in favor of PoS, so it's possible more people will get into the game with the hopes of getting rich quick. As long as you don't put all of your life savings into staking, you'll have nothing to worry about. Just my thoughts Grin
3  Alternate cryptocurrencies / Altcoin Discussion / Re: Is NFT's hype over? on: June 29, 2022, 01:55:14 AM
Oh it will definitely "boom" again. I just doubt it will have the same "boom" as the first time, now that most people know how worthless NFTs actually are. Why would anyone pay for something that they supposedly own, yet copyright laws do not back it up? I think most people who bought NFTs were just hoping to sell it for a higher price to some poor fool who had no idea what they were doing but had a lot of money.

Newbies will continue to be duped by the NFT craze, hopefully it will die out soon.

NFTs won't disappear just because there's so much money invested in them. Of course, 90% of NFTs are just garbage. But there are some good ones that are quite worth the investment. I'm pretty sure regulators will weigh in once NFTs become extremely popular. With legislation, the whole space will bring confidence to serious investors looking to obtain a good return of investment.

There are some prominent companies in the game, so it should only be a matter of time before NFTs gain traction once more. I'd say the hype is temporarily over because of the bear market. Just wait until prices go back up again to see people getting interested into NFTs again. Who knows what real use cases this new trend will bring to us in the next 10 years? Just my opinion Smiley
4  Economy / Collectibles / Re: [PRICE CHECK] 2017 Polymerbit ETH "Bitcoin Error" Note on: June 29, 2022, 01:50:41 AM
Yeah I have 2 of these,
- Sample/Polymer Test - A01 000000
- Regular (non-test) - A01 000049

The other 4 I have are all marked with the "fixed" Ethereum strip (2 Test, 2 regular (serials 58 & 74).

That said, I have no idea how many exist either, so thanks for asking! Cheesy

Cheers!

I guess these Polymerbit notes were a limited edition run. They're extremely rare as far as I can tell. We'd be lucky if we hold onto our notes until BTC hits $1m. Mine is in mint condition as I've never taken it out of the protective plastic sleeve. I'm not sure whenever to load it with ETH or just leave it as is. I've heard that PCGS graded some Polymerbit notes in the past, so I think I'll give them a shot. Cheesy


Ive seen them sell for upwards of $200 in BTC

Hope that helps.

thanks!

Not bad. I bet you can get more bang for your buck by selling it on eBay. I've seen sellers selling BTC collectibles there at a higher premium than what you see here. If I do that, I will take the extra cash to buy more Bitcoin. Maybe I'll get lucky when BTC hits $1m?


While we don't have the full number of notes produced; they were definitely under 100 pcs.

Awesome! Cool
5  Bitcoin / Bitcoin Discussion / Re: Bitcoin and bear season. on: June 29, 2022, 01:45:05 AM
There is nothing certain in life besides death and taxes, but if last time we managed to see bitcoin at almost $70k then it's very likely that we could see for the first time in history the 6-digit number. It'll be interesting to see if many people will sell just before the $100k, kind of what happened in 2017 with the $10 but then it kept pumping. That was very unexpected.

Bitcoin has always rebounded after a severe bear market. This time is no different than 2013 or 2018 where BTC went downhill in an instant. If you're smart, you'd buy Bitcoin at a discount before it goes back up again. I have a feeling BTC will never touch $20k again, just like it never touched $1k back then. Just wait until the next BTC halving and you'll see everything will be shining again. Who knows if buying and "hodling" BTC and some prominent alts will lead you towards untold riches in the future? Just my thoughts Grin
6  Bitcoin / Bitcoin Discussion / Re: "Not your keys, not your coins" on: June 29, 2022, 01:41:31 AM
Most traders do not have too much of a choice, those which day trade with a small amount of capital cannot really afford to send their coins out of the exchange and then back to it after each day of work as this will increase substantially the fees they have to pay, so they have to leave their coins at the exchange and assume all the risks that come from leaving their coins at the exchange, so while holding our coins in an address which is exclusively under our control is the optimal solution there are circumstances which do not allow it.

That is true. But with atomic swaps and hybrid exchanges (decentralized/centralized) this no longer becomes an issue. Traders can still get access to their keys/seeds and enjoy high-performance order execution + low fees like they do with any ordinary centralized exchange. A good example of this is the hybrid exchange called Waves which has the performance of a traditional centralized exchange, but the decentralization of Blockchain tech (giving you access to private keys/seeds). It's the best of both worlds, if you ask me.

People just need to be thoroughly educated in order to prevent them from storing all of their crypto assets in a centralized exchange that doesn't give them control of their own keys. As long as most people have access to their keys, the number of hacks/scams/theft will be reduced to a minimum. Just my opinion Smiley
7  Economy / Economics / Re: Regulation seem like the only option left on: June 29, 2022, 01:31:26 AM
Bitconnect saw its stud days too and then crashed as well. It was promoted like anything specially among low income countries and became a very popular topic of discussion among the common users in the casino trollboxes too. Then there are these social media friend circles where such coins become circle jerk topics and then all buy it like anything.

Eventually they will all lose and the same cycle will repeat after a few years in another name and in another form. The winner is the person running these scams and not the investors. Chit funds and HYIPs/Ponzis exist in real life while LUNA exists in the internet. No difference between them at all.

Regulation will not stop such projects from being popular. If someone willingly wants to get scammed without doing research on the project they are investing in, why will the government force them to stop?

That's certainly true, mate. Regulations won't stop scams from happening, but they will minimize their effect in the crypto/Blockchain industry. The more legislation we have towards crypto assets, the better it'll be for crypto/Blockchain tech's mainstream adoption. Remember that regulations bring investors' confidence into the crypto market. Without them, how do you think they'll pour money into unprotected crypto investments?

Unfortunately, Bitconnect, Terra/LUNA, and several other scams have scared away investors from the crypto/Blockchain space. But that doesn't mean it's the end of the world. Things will only get better over time as regulations are enforced. As long as individuals and governments work together, crypto won't be going anywhere soon. Just my thoughts Grin
8  Alternate cryptocurrencies / Altcoin Discussion / Re: If USDD is "overcollaterized", why did it lose its peg? on: June 29, 2022, 01:22:13 AM
Not to be a hater but Justin Sun is really a pro ponzi scheme artist. The introduction of USDD is timely aftet the downfall of UST meaning he just want to show off that with this move, he can overruled the fear by other investors on what happened on its fate. But literally challenged the system for what? People fomoing and mostly USDD supply probably is on his disposal.

It will take some time before it happened to tron, but if Justin will be careless like Do Kwon, its not impossible especially there are lots of whale hate Justin Sun.

Justin Sun always shills his projects in order to get what he wants. He doesn't care about decentralization as long as his pockets are filled with money. Just like he destroyed the Steem project by manipulating the network's witnesses (validators) for his own personal benefit. USDD and UST are exactly the same thing with different names. If investors are careless, they could lose it all in an instant if USDD goes all the way down the drain.

I would steer clear from any algorithmic stablecoin as they're prone to failure. Only collaterized and regulated stablecoins like USDC and BUSD have a future. Tether claims to be regulated, but its quite shady in its disclosure of USD holdings. Fortunately, regulators will be weighting into the stablecoin industry to minimize scams/frauds as much as possible. Who knows if this becomes the time for the cleansing of the crypto market? Just my opinion Smiley
9  Bitcoin / Bitcoin Discussion / Re: El-salvador bitcoin investment is underwater on: June 29, 2022, 01:15:50 AM
What is the problem here? I'm quite sure El Salvador didn't buy Bitcoin expecting that it doubles its USD value overnight. Nayib Bukele must have been aware right from the get-go that Bitcoin isn't like some shitcoins that could artificially by pumped and dumped in order to make gains.  Nayib Bukele must have known better.

But why do you guys look at some falling paper value? Although I'm not sure this is how a country handles its finances, if I were a president and there's some fiat money idly lying around gradually devalued and it's in the middle of a bear market, I'd also be proudly proposing they be used to buy Bitcoin instead.

Exactly. El Salvador's President knew what we was going to get into. Otherwise, we wouldn't had invested into Bitcoin in the first place. Bitcoin's been shown from time to time that it always goes up after a long-standing bear market. This is the moment to buy more Bitcoin, not to panic.

Only long-term "hodlers" will see the benefits in the future once everything goes back up again. Haters will always criticize you, but you'll be the one laughing at the end as Fiat collapses due to inflation. Who knows if other countries "mimic" El Salvador's decision to adopt Bitcoin as legal tender in the long run? Just my thoughts Grin
10  Economy / Collectibles / Re: [FREE RAFFLE] 485th- ฿ECAUSE I AM STILL IN A GOOD MOOD-MOPAR MINING ERROR CHIPS on: June 28, 2022, 12:36:29 AM
88 - Abiky

Thanks, krogoth!  Cheesy
11  Bitcoin / Bitcoin Discussion / Re: Will countries ban Bitcoin mining due to environmental concerns? on: June 28, 2022, 12:24:17 AM
bitcoin haters are countries. 

This issue has been widely heard and has become a global issue. according to them the impact on the environment is broadly from bitcoin mining into 2 parts (electronic waste, energy consumption) the impact that is often debated is the problem of excessive energy use and this has become illegal in some countries for miners. 
There have been many campaigns that have been launched badly for bitcoin by state bureaucracies around the world to create FUDs. 
the only problem is that bitcoins are out of their control

That's certainly true, mate. Most countries hate Bitcoin simply because it proves to be an alternative to the existing financial system powered by Fiat. They think Bitcoin will undermine their economies, leaving them behind in the dust. Countries may be complaining about Bitcoin's "harm" to the environment today, but tomorrow they will be complaining about Bitcoin's ability to be used for money laundering and tax evasion (which we all know that's not usually the case). Governments will always come up with an excuse in order to get what they want. As long as Bitcoin is put to the ground, nothing else matters.

I'd have to say it's been 13 years since BTC's inception, yet governments have been unable to shut it down completely (meaning the pioneer cryptocurrency is truly unstoppable). Who knows if Bitcoin remains as the only PoW cryptocurrency will the rest of the other coins turn to PoS? Just my thoughts Grin
12  Bitcoin / Bitcoin Discussion / Re: What are the best non-custodial Bitcoin mixers available today? on: June 28, 2022, 12:19:56 AM
It should be pointed out that Wasabi stopped being reputable or even safe some time ago when they decided to cooperate with anti-privacy firms such as blockchain analysis companies to report all their users activities and also start censoring transactions.

You can read about it all in the last pages of this topic:
https://bitcointalk.org/index.php?topic=5286821.0

That sucks. I know they think they're doing the right thing by cooperating with governments but giving away sensitive financial information would make Bitcoin no different than traditional banking. The third party must be removed from the system for things to work out as intended. How would people obtain true privacy if there's a middleman in between? We need as much non-custodial (decentralized) privacy solutions as possible to help fulfill Bitcoin's original purpose. Anyhow, thanks for bringing this up. It's really appreciated. Smiley


If you are looking for non-custodial solutions to obfuscate bitcoin transactions, consider Bitcoin-Monero atomic swaps [1]. Atomic swaps are basically a decentralized method to exchange coins between different blockchains without participants' necessity to rely on or trust a third party. When you swap your bitcoin for Monero, you break the link between past and future transactions, because what happens inside the monero blockchain remains untraceable and unknown to an outside observer or chain analysis company. Once you no longer feel the need for anonymity provided by the monero blockchain, you swap your monero back to bitcoin. It is arguably a perfect approach to mixing coins because it is impossible to figure out what happens between your initial and final bitcoin transactions. Another solution would be using on-chain mixing algorithms such as the recently proposed DMix, a.k.a. decentralized mixer for unlinkability [2].

Quote
AbstractóWe present a protocol that lets participants operate a decentralized mixer to exchange coins in the Bitcoin blockchain. DMix does not need the election of any leader and respects both the unlinkability and the atomicity properties, so that there is no possibility to correlate addresses or lose funds using the protocol. We leverage the MuSig aggregate signatures. This aggregation scheme is based on the Schnorr signature scheme, a recent proposal for a ECDSA alternative, the current Bitcoin signature scheme. We also present an analysis of the method and mitigation of attacks.


[1] https://www.getmonero.org/2021/08/20/atomic-swaps.html
[2] https://twitter.com/nobsbitcoin/status/1528701408341540865


I think this is by far the best solution to "anonymize" Bitcoin without any third parties. You've given me the answer right here with XMR-BTC atomic swaps. Sometime ago, I've heard that the new technology (atomic swaps) is experimental. If that's still the case, then it wouldn't be ideal to exchange large amounts of BTC for XMR. Once perfected, atomic swaps will be a true game changer not only for privacy but for trading as well. Monero is quite a hidden gem that's often overlooked by the general public. At least, both XMR and BTC have been going strong after all these years. Who needs centralized mixing services (no offense) when we already have decentralized solutions? Just my opinion Smiley
13  Alternate cryptocurrencies / Altcoin Discussion / Re: Sweatcoins will be launching this summer...Is it worth it? on: June 28, 2022, 12:12:58 AM
AFAIK, Sweatcoin isn't really a new token. I think they were already there for the past years and became popular once but after that, they didn't materialized with their popularity. Not until the coins like stepn came that has the same algorithm as them about walking.
I would like to earn while getting some pounds off of me but whether they're going to be worth it to take or not as an incentive, we should really have that routine of getting healthy through any means like walking.

Yes, I'm aware about that. But this time's different since the company will be launching the coin as a real cryptocurrency (not a proprietary token you can only use within the app itself). You'll be able to trade Sweatcoins for crypto, just like you would with any other altcoin being traded across crypto exchanges worldwide. I know you won't be earning that much walking for coins. But at least, it's better something than nothing. MangoCoinz and other similar projects turned out to be a huge failure, so I wouldn't count on Sweatcoins as a long-term investment anytime soon. Who knows if people move on to the next big thing in crypto? Just my thoughts Grin
14  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH gas fees are low....A great time to get in? on: June 28, 2022, 12:04:24 AM
For NFT users, yes. This might be their best time to avoid certain fluctuations again in Ethereum-based projects like games or just investments.
There are still more out there who uses the ERC20 and I don't think they will be changing that sooner.
Buy some Ethereum and keep it or directly use that Ethereum to buy NFTs.
An opportunity that might not happen again soon. Not until the Ethereum 2.0 comes out. So for those in rush I'd prefer this cheap time and maximize it as much as possible.

NFTs are a real bargain these days. Especially when their price in ETH terms are unchanged. You can purchase cheap ETH with Fiat to buy NFTs at a huge discount. I'd advise anyone to do as many operations on the ETH blockchain as possible before gas fees rise back to their previous levels. That said, bear markets are a great way for you to expand your wealth in the future. Who knows if we never see sub $1k ETH prices again as the Ethereum blockchain becomes more popular than ever? Just my opinion Smiley
15  Economy / Economics / Re: How would a global economic recession affect Bitcoin's price? on: June 27, 2022, 11:59:30 PM

Whatever happens, plan yourself on how long you're willing to stay holding bitcoin. Long term is still the best decision while holding it just to avoid being worried with the current world events.

Also, there's the China-Taiwan tension and that's also something that we don't want to happen and sure the economy of most countries ties to the both of it will definitely be affected too.

Only the strongest will be able to "hodl" Bitcoin long-term. I usually "hodl" BTC no matter what. But not everyone has the guts to do it. When prices are falling at a fast pace, the first thing that comes into mind is to sell BTC to avoid losing all your money in an instant. This usually happens when you don't have the extra money to spare into Bitcoin. Imagine how negative the effects over Bitcoin's price will be once we enter a global economic recession. Most people will be so scared of investing into Bitcoin, that they will prefer Gold instead. There's also the issue of China's (likely) invasion of Taiwan, which could be a severe blow to both the world's economy and Bitcoin's price. I would proceed with caution until the mainstream economy shows signs of recovery. Just my thoughts Grin
16  Economy / Collectibles / Re: [PRICE CHECK] 2017 Polymerbit ETH "Bitcoin Error" Note on: June 27, 2022, 12:10:16 PM
I have that same note - one has the line that reads "2017 Bitcoin Document" and the other reads "2017 Ethereum Document"

The one I have with "2017 Bitcoin Document" is numbered A01 000000 and is marked as "sample" "test print"

The one I have with "2017 Ethereum Document" is numbered A01 000063, only 8 sequentially after yours

Cool. I guess your "2017 Bitcoin Document" note is rarer than mine because of the serial number. Not sure what would be the market price for these, but I'm guessing they're in the triple digits due to their scarcity (not being sold anywhere online as far as I'm aware).

I've not decided if I'm going to sell it for BTC or hold onto it a little longer. The bear market has made Bitcoin quite an attractive investment, so it's most likely I'll be making an auction thread soon.

If anyone else has additional info about these kind of Polymerbit notes, feel free to share it here. Thanks! Smiley
17  Economy / Collectibles / [PRICE CHECK] 2017 Polymerbit ETH "Bitcoin Error" Note on: June 27, 2022, 02:00:18 AM
I've noticed one of my Polymerbit notes have some kind of error on the printing. It's an ETH banknote, but it has a text which reads "Bitcoin 2017 Document". I was wondering if this error makes the note valuable or something. I'm not sure what the asking price would be, so I'd appreciate your help on this. Thanks in advance. Smiley



(click thumbnails to enlarge)
18  Bitcoin / Bitcoin Discussion / What are the best non-custodial Bitcoin mixers available today? on: June 27, 2022, 01:00:52 AM
Does anyone know of any good non-custodial mixers besides those built into both Wasabi and Samourai wallets? There used to be something called "TumbleBit" back then, but it seems development for the mixing solution has been abandoned. Non-custodial mixers are often a better choice than centralized mixing services because you have full control of the keys (not your keys, not your coins). If Bitcoin Cash has CashShuffle and CashFusion, then why can't Bitcoin have various non-custodial (decentralized) mixing solutions?

That said, if you know of any other alternatives to the ones mentioned before (Wasabi and Samourai), please let me know. I'd like to have a list of all the non-custodial mixers available just in case one of them becomes abandoned by the developers (like what happened with TumbleBit). Any suggestions and/or recommendations would be greatly appreciated. Thanks in advance. Smiley
19  Alternate cryptocurrencies / Altcoin Discussion / ETH gas fees are low....A great time to get in? on: June 27, 2022, 12:51:41 AM
It seems that the persistent bear market drastically reduced ETH's network congestion. Gas fees have been ranging as low as 17 Gwei to 30 Gwei on average. The native cryptocurrency Ether (ETH) has been declining like crazy in Fiat terms, so it would be a lot cheaper to buy NFTs or do other network operations than before.

Assuming ETH doesn't go any lower in price, would now be a great time to get in? Or should I wait a little longer? Do you think gas fees will soar back up again after the crypto winter settles? Your input will be greatly appreciated. Thanks. Smiley
20  Alternate cryptocurrencies / Altcoin Discussion / Sweatcoins will be launching this summer...Is it worth it? on: June 27, 2022, 12:41:00 AM
There's an app called "Sweatcoin" which basically pays you by doing nothing other than walking. Each 1,000 steps will be equal to 1 Sweatcoin. Back then, the coin used to be proprietary from the app itself. But lately, the company took the decision to launch it as a real cryptocurrency. Apparently, the new coin will be launching this summer to be later traded at crypto exchanges. This reminds me of a similar coin that used to pay people for walking called "MangoCoinz". It didn't turn out to be a huge success, so I wonder if this new coin (Sweatcoin) will have the same fate as its predecessor?

What do you think about Sweatcoin? Is it worth walking/doing exercise just to get paid coins in return? If not, why? Do you think the project will have a future? Your input will be greatly appreciated. Thank you. Smiley
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