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1341  Bitcoin / Bitcoin Discussion / Re: Bitcoin Distribution among Accounts on Blockchain on: August 25, 2023, 10:46:07 AM
This is wrong - According to this site Bitcoin Exchange Balance there are only 2.2 M BTC on exchanges (~15% of supply) and this number goes down starting from 2020 when it hit ATH @3.2 M coins.

I don't know how accurate these data are, because although 2.2 million BTC does not seem too much compared to almost 19.5 million BTC mined, it still shows that there are still those who do not understand the need for non-custodial wallets. However, I would dare to say that this number is even lower, because we all know that CEX always manipulates numbers in order to show liquidity, so it is a similar story as in the case when speculating about how much BTC is actually irreversible or currently lost.

What is certain is that the number of BTC that are on CEX is decreasing over the years, which is really good news and I hope that it is not only related to the fact that we are still in a bear market.
1342  Bitcoin / Legal / Re: Accelerated U.S. Bitcoin ETF Adoption on: August 25, 2023, 10:25:53 AM
~snip~
Everyone has an interesting question: Why is a futures ETF that is more risky allowed, but a spot ETF with less risk is not allowed? 🤡

I do not think that the futures BTC ETF is more risky than the spot ETF, because with the former, the risk is lower in that the fund does not contain actual BTC, that is, the fund does not buy BTC in order to issue shares in the fund based on it, which is the case with the spot ETF. The spot ETF has additional risk because it is exposed to the risk of buying and storing BTC, although the SEC probably has some other reasons for taking such a negative view.

In addition, if we go into conspiracy theories a little, then we could conclude that the SEC wants to approve the first such ETF to someone who is still much closer to the government than to any other company. From this we can draw the conclusion that the most likely candidate to receive approval is BlackRock.
1343  Bitcoin / Press / Re: [2023-08-22] Bitcoin Mining Startup Raises $13 Million to Turn Trash Into BTC on: August 25, 2023, 10:08:21 AM
~snip~
Now burning methane gas to produce electricity, might not be the most environment friendly option, but it is released into the air in any way.. so why should we not use it?

Perhaps because we should not give additional arguments to those who use it to portray Bitcoin as one of the great threats to our environment, no matter how meaningless it is if we take into account the facts from all relevant research. Those who mine BTC of course do it for profit, but I believe that they should always strive to use clean and renewable energy sources, although even these energy sources are not something that does not leave an impact on the environment.

The less oil, methane, coal and similar fuels associated with Bitcoin, the better for all of us in the long run.
1344  Other / Meta / Re: Request: Disable merits in the Wall Observer thread on: August 25, 2023, 09:56:38 AM
I voted NO for the reason that I think there are other ways that could solve that "problem" without going to a complete ban on merits in that thread. I personally like how the rules are set in Serious discussion, which means that you only need to limit which ranks can participate in that thread, and if that rule were set to Senior + rank in WO, I believe that such discussions would not be necessary.



For myself I have some out the forum occupancy and there fore I always empty my source on Good forum user as I know they will resend on quality posts… and Theymos said send merits are better than merits not send.

For those of us who are not merit sources and are not very popular on the forum, such a source of merits really means a lot, because be sure that every sMerits I received from you and other members of WO ends up as a reward for what I consider a useful and quality posts.
1345  Other / Beginners & Help / Re: Ledger, safe or not? on: August 24, 2023, 01:54:52 PM
~snip~
If you have a Ledger, just don't use Ledger Live — that itself removes a good chunk of the uncertainty risk.

If only it were that simple, but for those who buy Ledger HW for the first time, using Ledger Live is mandatory for the initial setup of the device, and for those who have been using it before if they want to upgrade the firmware or add/upgrade any coin app. In addition, regardless of which software you use with the device, you still connect to the Ledger servers for every incoming/outgoing transaction, which means that you still take certain risks, at least as far as privacy is concerned.

For anyone who can afford it, it would be wise to find an alternative, or to pretend that nothing has happened and will not happen.
1346  Other / Meta / Re: how to know how many members have badges? on: August 24, 2023, 01:02:26 PM
You're going to have to check all profiles to find them all. Good luck Tongue

Fortunately, the OP has plenty of time to move in that direction, although I doubt he would ever succeed in it, considering that he very often asks this kind of pointless type of question instead of looking for the answer himself.



Aren't those personal badges only temporary?

If we talk about some forum contests, it seems to me that the winner keeps the badges permanently, and the others get them temporarily, while for some other badges the status is permanent.

@gmaxwell has a badge called "Bitcoin expert" and there is no doubt that it is something permanent, although I have to admit that @achow101 seems to have had a badge in the past that I can't see now (Bitcoin-Qt core developer). It is possible that (like some other things) badges can be removed on request.
1347  Bitcoin / Hardware wallets / Re: Someone displaying their own Ledger seed phrase on: August 24, 2023, 10:13:58 AM
~snip~
Despite being closed source and the recent controversial about their newest service delivery, Ledger still have good amount of following and customers. I think the reason majority of hardware wallet users are still with Ledger is the same reason why some people still prefer fiat to crypto.

If it is true that Ledger still (after all) has a large number of users, then we can conclude that the majority of their users are actually unaware of everything that happened in the past and what we learned a few months ago. Basically, it doesn't matter to them that their personal data is hacked and publicly available to anyone who abuses it, nor that the company seems to have the ability to access confidential information on the devices it sells and to share it with third parties (including the authorities).

Whether the reason is that someone is unaware of the risks or doesn't understand the risks, the fact is that the amateurism and crazy moves of that company (from a risk perspective) sound an alarm that everyone should take seriously.
1348  Economy / Speculation / Re: Is there still hope for the price of BTC to hit back $69k this year? on: August 24, 2023, 09:53:23 AM
I was waiting for the price of BTC to reach $40k in this month of August, before I will believe that $69k is possible before the end of this year 2023 which is the wish of many investors in the community. But the price started decreasing from $30k to $26k to create a great fear into the mind of those that is hoping for the price to increase above $30k before they can start thinking of how to visit the market to supply to make a good profits.

There are many of you who live in some of your illusions and wait for something to happen, regardless of whether you even think about what moment you are in and align your expectations with that. Expecting some kind of bull run in the year before the halving literally shows a misunderstanding of the fundamentals of Bitcoin, especially when it comes to the price of the same.

With this slow move of the price of BTC in this season, I don't think the price will hit back to $69k before the end of this year because the green light is not stable like the way it was stable last two years to reach $69k for both long term investors and short term investors to experience huge amount of money from their investment. Do you believe that there is still hope for investors to experience $69k this year? Because we just have 3 months and some weeks before the end of this year. What is you hope for this current price?

Why would the price of 1 BTC be approximately $69k by the end of this year, will the good fairies or Santa do some magic to make it happen?I think that it is possible that this is not the last dip, and that means that it will certainly not be easy for some of you who are obviously on unknown ground in the expectation of reaping the fruits of your investment.
1349  Other / Beginners & Help / Re: Another day to fear centralized exchanges, not your keys not your coin on: August 24, 2023, 09:33:21 AM
I've never heard of that "company", and it's no wonder considering that it's apparently a local business from Nigeria, which is apparently the product of some crypto enthusiasts with the idea of doing something, but without enough planning and professionalism to really make it work.

Whether the tokenization was part of the plan from the beginning, or whether they thought of that genius idea in the meantime, is not so important, because the end result is always the same in most cases. When I see any project that presents itself as serious and mentions its tokens as part of the business plan, I don't need anything more than to understand the direction in which the business is going.

Do not use centralized crypto exchanges, stay away from tokens and similar junk, and do not believe the fairy tales presented to you on social networks - their goal is to take your money and nothing more.
1350  Economy / Economics / Re: The refusal of the country from its own Central Bank on: August 23, 2023, 02:01:31 PM
~snip~
And what's the problem? Are some countries willing to lose their financial independence and use someone else's currency?
Of course, all central banks follow the recommendations of the IMF and BIS, but this is a very radical idea.

It is not something that Argentina would be the first in, because some smaller countries have been using the US dollar as their national currency for decades. El Salvador has been on that list for more than 20 years and still uses $ as its official currency. I am not a supporter of such moves, although I can understand that at some point an individual country may find itself in such an economic situation that it looks for a way out by changing the national currency.

When you look at the European Union in relation to the eurozone, it is easy to see that there are countries that have accepted the common currency without any problems, but also those members who still want to keep their national currencies. I am of the opinion that every country should have its own national currency, but it is also a fact that there are very few countries in the world that understand what it actually means to have a state.

That guy from Argentina seems to me like some kind of anarchist who doesn't need a central bank, but would be happy to transfer the problem to the FED and foreign currency, which is not something that characterizes a good politician.
1351  Economy / Service Discussion / Re: Bitcoin mixing on: August 23, 2023, 01:21:44 PM
Hi. Are you running your own node?

Do you think someone asking a question like the OP would even know what a node is?



~snip~
Also keep in mind that exchanges don't play nice to mixers - Don't send mixed BTC to exchanges e.g. Binance or they might give you trouble over it.

Doesn't the mixer in your signature and mine solve that problem considering what kind of mixing process it uses?

Quote
[banned mixer] does not shuffle available funds in one or multiple pots, but exchanges incoming bitcoins with coins purchased from investors -  cryptocurrency stock exchanges.

In addition, I probably made hundreds of transactions with mixed coins that went directly to various CEXs and never one of them was blocked or challenged in any way.
1352  Other / Beginners & Help / Re: Do you think privacy is important for a beginner? on: August 23, 2023, 10:45:41 AM
~snip~
People are divided on this. Some think privacy is really important and should be guarded by rules and society. But there are others who don't really mind and think privacy isn't a big deal. So, I created thread to see what everyone thinks about privacy.

If we are to be honest, most people have accepted that the privacy that once existed is a thing of the past, and if we look in which countries it is most expressed, then one might be surprised that these are the countries that present themselves as the largest democracies in the world. Their citizens are monitored down to the smallest detail and they obviously don't mind it, because most of them don't protest against it.

Let's take the example of the UK, where the authorities are testing a facial recognition system with the help of AI on the streets, and the system is so "precise" that it results in hundreds of wrong decisions that result in the harassment of ordinary citizens walking the streets. If I hadn't seen it, I wouldn't have believed it, but imagine that they single you out from the crowd and start checking you like a criminal or terrorist, and you can't do anything about it.

Privacy is important to me, but I don't kid myself that I can achieve it to the extent that I would like, because in addition to cameras that are everywhere, we are spied on by our smartphones, computers, smart TVs and every device that is connected to the internet.

Therefore, I would conclude that privacy is a matter of personal choice, and this means that those who want more privacy must be ready to make some concessions in life if they want to succeed in this.
1353  Economy / Scam Accusations / Re: Ponzi Trading Platform MTFE Collapse || $1 Billion scammed on: August 23, 2023, 10:24:48 AM
Most of them knew this platform would scam them. But they wanted to be a smart ass. If you ask them why did you invest there even though you know they will scam you? The answer they give you is; we thought they would run for a few more months. We were planning to get the profit and exit before they exited. LOL. Can you imagine how dumb they are? Another reason is MLM. They get commissions from each people they refer. Half of them were scammed before, and half of them were scammed for the first time. They will invest again if the new platform offers such profit. Idiots!

So some wanted to be smarter than scammers, and others just hoped that the scheme would last as long as possible and that they would manage to make a profit before everything collapsed. Unfortunately, the winner in that game has already been decided in advance, and maybe this was a strong enough lesson for many, and they will never think of repeating something similar.

Nah, bro. The minimum package there was $500 to get a level. I believe you know how big is $500 for a person who lives in 3rd world country. People sold their goods, sold their land, sold their cows, goats, and chickens to invest. Some of them invested their life savings. Some take loans from banks and NGOs. Can you imagine how hard they were fucked?

Now that whole story sounds even more incredible to me, because I thought it was a much smaller amount, but $500 is just a little less than the minimum wage in my country, so I don't understand how people can be so naive to sell something that literally means life to them to gamble. I don't know if there is any chance that someone will catch this scammer and that at least part of the money will be returned to the victims?
1354  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 23, 2023, 10:11:34 AM
Fundstrat’s Tom Lee Projects Bitcoin Hitting An Eye-Watering $180,000 After Spot ETF Approval

You obviously have no idea who that man is, and if you did know, then you wouldn't even think of mentioning his name on the forum. He belongs to the category of people with the biggest possible confusion factor, and unfortunately it looks like that. If all his speculations of the past 5-6 years were collected, a book could be written called "The Failure Expert".

Do you still think I'm exaggerating?

On Sept. 11, the White House banned certain flavored e-cigarettes, thus delivering a shocking blow to the multi-billion dollar industry. Now, Fundstrat’s Tom Lee presumes that Bitcoin could be the next thing on the Trump administration’s crackdown list.
1355  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 22, 2023, 03:04:38 PM
I see that there was some discussion about movies on the previous pages, and I can personally say that in recent years I have not been very impressed with movies, but that it is quite the opposite when it comes to series. The reason, of course, is the great competition between streaming services (Netflix, HBO Max, Amazon Prime, Disney+, (Sky)Showtime), and more and more actors that we are used to seeing in movies appear in series.

I know there are those here who like westerns and I can definitely recommend to watch 1883 which continues to 1923, and then to Yellowstone.

The series are excellently filmed in every way, and each one has excellent actors such as Kevin Costner, Kelly Reilly, Harrison Ford, Helen Mirren, Sam Elliott and many others.
1356  Economy / Scam Accusations / Re: Ponzi Trading Platform MTFE Collapse || $1 Billion scammed on: August 22, 2023, 02:37:11 PM
~snip~
FYI, People from this country were fooled multiple times, and Pyramid schemes work great there. What a fucking nation we are.

It just fascinates me that such things are constantly repeated as if no one learns anything from their mistakes, and people usually become very cautious when someone scams them, especially if it involves a significant sum of money. Could it be that a lot of people invest relatively small amounts individually, so even though the total amount is huge, for the individual it is still not something that will prevent him from repeating the same thing in the future?

However, don't think that such things happen only in your country, there are such things all over the world, only a lot of it does not get media attention or remains within the framework of a certain country. Recently, an "expert" for crypto investments in my country disappeared with 70 million EUR, and now he is hiding in some hole and no one can or wants to find him.
1357  Bitcoin / Bitcoin Discussion / Re: No, Elon Musk's SpaceX Isn't the Cause of This Multi-Billion-Dollar Bloodbath on: August 22, 2023, 01:43:08 PM
Before going to what the article says, I must add I'm surprised everytime how people in the crypto world always look for always for the easiest answer, price goes down

I'm not at all surprised anymore that this happens, and personally I'm not surprised that beginners do it, but also members who have been on the forum for years and have some kind of legendary status, so that makes all of this actually tragicomic. Again, not only people are to blame, but also the so-called "crypto media" who place such stories in the public, because they know that most of them are easily caught on clickbait headlines.



In this topic, some reasons are mentioned that led to disruptions in the markets, including the price of BTC, so although some mention that it was Mr. Mars, some brought up an old topic like Evergrande, it seems to me that no one mentioned another Chinese company Country Garden, which is in trouble and as things stand, will go in the same direction as Evergrande.

In addition, it should be added that some economic indicators in China are so bad (record youth unemployment) that the authorities have decided to censor them, and some other sources claim that China has not been in a worse position for decades. It would be good if we could say that we don't care what happens in China, but unfortunately problems in that country mean problems for the whole world.
1358  Economy / Reputation / Re: I need help the adivce regards my loan service here on: August 22, 2023, 01:08:59 PM
~snip~
I will advice you to know that lending is risky, make sure you lend people that are in signature campaign that are not likely to go away with your money. You can also lend bitcoin to people that have collateral.

It's not exactly a guarantee that someone won't disappear with borrowed money, especially if it's a larger amount for which someone might have to spend a year in a sig campaign. Not that something like this happens often, but I remembered one example that shows what some are ready to do for only $100.
1359  Bitcoin / Project Development / Re: Trade on Binance via ChatGPT! on: August 22, 2023, 10:45:57 AM
~snip~
AI that's available in public at the moment, is bullshit. How can we call it an intelligence when it follows certain written algorithms instead of pure creativity and own exclusive decision-making? And I am sceptical about those documentaries too and I think their purpose is to direct attention of people on some absurd.

I agree that the situations I described are absurd, but I would not agree that it is absurd to talk about it publicly, because it is precisely such examples that show us that we cannot rely on such systems when it comes to things that require a person to manage them and to make decisions based on human perception and feelings.

In the specific case of trading with cryptocurrencies, the biggest damage can be that the AI messes up badly and creates a financial loss for us, but if you follow what is happening in the military industry when it comes to AI, the implications are far more dangerous and can have catastrophic consequences for humanity.
1360  Economy / Gambling discussion / Re: Croatian League - Hrvatska nogometna liga on: August 22, 2023, 10:25:46 AM
~snip~
From what I could notice on other forums, Rijeka fans are gutted by Sergej's move (I would be too if I was Rijeka fan) but what they have to understand is that is hard to resist Dinamo call and much bigger salary.

In fact, everything revolves around money, and this kind of move only proves that. Apart from that, there is also the matter of some kind of prestige and the further career of each coach, because if you do something good in Dinamo, it is definitely a good reference for your further career. Bjelica did a good job in Dinamo and then after Osijek he went abroad, and he certainly wouldn't have done that if he was the coach of a smaller club from HNL.


Also, there are rumours that Dinamo appointing him is a sign that Mamic brothers still have the last call in Dinamo which is not a good news.

There is no doubt that there are connections between Miskovic and the fugitive brothers, but I can tell you that most of the people who were loyal to the brothers were expelled from the club, although the question arises whether there is some kind of financial weight from the past that still gives the brothers the opportunity to influence some decisions.
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