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It won’t help. They still have to use ruble because if they start using USDT then they will need every citizen to posses this coin. Once they do it there won’t be much of track where the money is going and coming from Once it’s in crypto space. Big businesses which are being forced to stay by Putin as after the sanctions they were pulling out of Russia will have an opportunity to launder their money by such small way outs. Russia will be more broken after this. Already many citizens of Russia are against Putin, if he makes move like this from currency to currency then Russia is screwed for sure.
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- Send them affordable Bitcoin on their birthday.
Give them bitcoin as a gift, but not on birthdays and valentines days and Christmas and stuff. A gift(especially for these special days I've mentioned) are mostly something to make them happy; not an opportunity for you to shove down your interests to them regardless if you have good intentions. Wow this changed my mind really. I was also down the impression to gift bitcoin on birthdays and special days of theirs but after this it makes sense. The learning time is entirely different and gifting and happiness is entirely different story. Because it should not happen that once they open the bitcoin gift card and end up confusing what the heck is this.  Could turn into disaster gift ever due to confusion but ideally some could Love it considering the newer modern world. But yes, will do think twice before gifting bitcoin. Whether they Love it or not that should be known. |
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This is nice work towards society. Whether it is from bitcoin or fiat, firstly I’m grateful they are blessed with you. Doing something social had its own karma and great feeling of being human.
Obviously doing these great things with bitcoin is another achievement. This is in terms of spreading the bitcoins info towards those youth group who will in turn become masters of same if they continued the knowledge further ahead.
Keep up the amazing work. If you want to do more then you can have your donation thread here if everyone sees authentic work ahead. Good luck.
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ETH PoS will never work, it is just not the way it was programmed initially. What happened is, due to its POW nature craze bursted out for ETH mining. From all around the globe peeps have invested heavily into building their farms. Most of them turned into whales and posses pretty good amount of ETH.
In PoS, miner does not get chance to validate the block on his own. Rather Validators are are selected randomly by the system and these are nothing but coin holders with stakes who have been turned into validators.
If such system comes in effect, then what would POW miners would do? Because these are more or less competition based miners. One with bigger hash goes above all.
POS Will make it worst.
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This is not new concept here. What you referring to is go back to the Gold Coinage. History states few of the example such as Henry III of England who was one to attempt the Gold Coinage by producing gold penny ~ 45 grains which was around the value of 45 pence silver. Since the conversion was measurable in between gold to silver value, it was difficult to maintain or simply they call it, insuperable! This was in year - 1257 Later came in Edward III King of England and introduced the his own Golden Series Coins which were called as florin, leopard, and helm (1/2 and 1/4 florin). However this also failed and they went back to the silver coins. Henry III had attempted in 1257 to issue a gold coinage by striking the gold penny (45 grains) of the value of 20 pence silver, later raised to 24; but the difficulty of relating gold to silver proved insuperable, and the coinage was withdrawn. In 1344 Edward III issued his fine gold series—florin, leopard, and helm (1/2 and 1/4 florin)—but his attempt to introduce a gold currency failed. A gold coinage was finally established in currency in 1351 with a noble of 120 grains of gold and its subdivisions, the half- and quarter-noble. In the same year, the silver penny was reduced to 18 grains and the groat issued (on Flemish models). The noble was valued at six shillings and eightpence (1/2 mark). Its obverse, the king in a ship, is supposed to allude to the naval victory off the Flemish city of Sluis in June 1340. This introduction of Gold coins continued till Elizabeth came into rule and by 1600 she kept experimenting the different coins and shillings through East India Company. However this only lasted up until Civil War, and by 1662 Modern Coinage started. Elizabeth I continued her father’s denominations and restored the purity of the silver coinage. She soon discontinued the groat, Edward VI having introduced the silver sixpence and threepence, although she continued its half, the twopence. Her “portcullis,” or trade coinage for use by the newly incorporated East India Company, appeared in 1600–01. She also experimented with machinery for coinage, although the insistence of the moneyers on their immemorial right to use manual methods delayed its establishment until after the Restoration. James I introduced a number of new gold coins, the most important being the “unite,” or sovereign (20 shillings), so called from its legend (Faciam eos in gentem unam [“I will make them into one race”]) alluding to the union of the crowns of Scotland and England. Charles I made no changes in the coinage until the Civil War (when Parliament coined in London and the king’s mint traveled with him); the king’s financial difficulties added many new coins to the English series. Reference: Gold CoinageObviously these are just glimpse of it. History is already known for biggest gold rush and its trading for the daily needs in various kingdoms and dynasties. We using today's money system because that evolved with the time and made lives more easier than to carry bag full of gold coins. What is needed is minting of precious metals in standardized $1, $5, $10, $20, $50, $100 denominations. With coins $0.01, $0.05, $0.10, $0.25. The specific weight and exchange rate at the time of minting can be recorded to make it easier to calculate price drift.
This would be a disaster for all following governments. Just imagine that average Joe starts realizing how much he's losing every year, especially now, with these high numbers for inflation... On the other hand, for the cup-of-coffee situation, we have Bitcoin, with 8 digits after the decimal point  PS. I did not miss the "return to gold standard" part, just it's not feasible. At all. Yes, if we talking about Gold then why not bitcoin? It is modern coinage, we need more or less digital currencies to pay on the go. With development of Unified Payments Systems, NEFT, RTGS, and all no one would want to carry Gold coins in their pockets? Gold is amazing store value. You can have physical security and you can easily get loans on it. |
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I think just keeping your miners in good condition and maintaining them in between could bring you enough efficiency. At the end of day, efficiency = mining reward - overall electricity cost. I’m mining alts, but whether you do BTC mining or alts, again the output you looking for is $ at the end.
The best way to increase efficiency of your miners is to note down at what price you got rewards and at what price you will be selling your BTC.
This does not even need technicalities.
With respect to technical aspects, you can just wait for higher ASICS hitting the market with some upgrades done claiming this model is more efficient etc etc.
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The belief is that Bitcoin should be the main money system in the world
This is only your assumption. All of these ideas are written in the Bitcoin white paper.
Completely misunderstood assumption I believe. First things first: bitcoin has not accomplished main stream adoption as of now so we can not really Call it “main money system”. I think that’s what you trying to say with just different terminology. For bitcoin to be accepted throughout world needs some sort of regularities. Like every place I go there should be peeps, businesses, small to big shops accepting bitcoin as mode of payment. Going further online shopping sites with easy to make payment. I’m not saying those systems which acts as middle party so that we can easily make crypto to fiat payments. It should be direct. But all of this not happening as of now. Even though we have some countries accepting bitcoin but there are more countries than that who do not like the idea of bitcoin. Moreover defining its value isn’t fixed. Would be difficult to streamline product and services prices to unless you don’t agree to state the price conversion 1 BTC=1 BTC |
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It's very unfortunate you only talking about savings account and interest earned on that. I think there are better ways like SIP, Mutual Funds, Stocks etc. If your money is going to sit in the banks then thats not gonna grow. But if your money is in MF's then I am pretty sure over the period of year you can easily get 15-21% on a good fund. There are many brokerage firms who has proper channeling to select these funds. The financial risk is there but its all about reducing it comparatively and growing your wealth slowly. For crypto's you may have high returns but you may have highest risk ever. Comparing to savings money, it's nothing in front of SIP & MF. Moreover, based on your locality and regulations, you are also entitled to get some tax exemption for holding these investments.
I used to think that Staking is good option when you have coin with 25% APY etc, but after reading @stompix explanation I am pretty sure that is not good idea. Just couple of days ago I posted it was, but after this example its best to invest in market with proper risk assessment.
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Good for those of us who are already part of this revolution because that's what it is, a revolution even though the government are trying so hard to denial and prohibit it.
Majority of the crypto enthusiast already know where the cbdc stand and what it represent, an upgraded version of fiat can't be expected to do anything different from fiat, it is the same manner of control with unlimited supply (if am not mistaken).
BTC may be volatile but is far more better to hold than fiat with high rate of inflation.
Correct. And you are not mistaken. The supply is unlimited and that is why it runs into inflation when they keep print more and more money. We already have above example and even saw last year how US kept printing the money when they ran out of it for health emergencies, stimulus packages etc. However, what they forgot is, they are loosing the liquidity at enormous rates and at the end inflation and peeps going crazy. This is why one intelligent man pulled us out of this mess, Mr. Satoshi. No wonder now peeps will understand the meaning of decentralisation and also bitcoin ultimately. That graph surely keep surging no matter what. |
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Getting listed on new exchange does not change many things. Definitely new investors might have joined the adventure to take the quick profits out of it since there may be lot of promotions about it on the exchanger itself. Fresh investors of robinhood May be. However at the end of day it is just meme coin with no realistic usage. So my view is vague for this.
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This is really helpful. I’m also playing on few of the gambling sites which I chosen only after having deep review about it. I think you have made really amazing thread however would be great if we can work on the rating status? I mean let’s add another column at the end and have fair ratings in view of trust. This can be done by taking the votes on each casino. I think I might just make another thread or submit rating pattern here. It’s good to see peeps are submitting their views already on various casinos. It’s good.
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Guys, any suggestions for short-term investment?
That is most difficult question ever. If you want to explore then you can also look after APY returns for short holding. There are many coins listed on the Binance for this. You can have Return back in very short period of time- 15, 30, 45, 60 days likewise. Your return of interest will be calculated based on your APY. Highest I have seen is around 25-30%. Irrespective of price change you can easily earn that much in the tokens. Trade them later based on at what price you locked them up and what is the prices at the time of selling. Go to Binance and click Earn tab. You will understand rest of it. |
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Very motivating to see these guys racing up with the time. No doubt about LoyceV, he is always ahead of @theymos. The contribution to the forum is just astounding and he never stops so yup, he deserves as standard line for all of us and mainly for the racers in the OP's list. Thanks for sharing these graphics. Looks like it is time to follow all these buddies and see what I can do more for the forum. I always want to dive into technical discussions and contribute there but because being from the life science field Im lagging a bit there. Though I keep trying to learn new technical aspect related to crypto space and do share them all the time. Just stay tune, I am inspired by you guys. Thanks. Anybody following @n0nce? That one is rocket on fire, could catch 10k before dawn, considering his merit rate.  |
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Though their families were running the nation I dont think the situation should have been this worst. Well we have living example of Queen Elizabeth United Kingdom, floursihing way amazing than before and prospering each year. They also have kingly family running the whole nation. They have properly sat up all the ministries and full control over every movement in the nation. Could not give more sweeter example than UK.
Srilankan's, actually got into trouble due to that very decision of banning the fertilizer. You can not risk your nation with the most basic stuff needed to survive -food! Thats what they did and fail into trap. Definitely tourism also gone from Srilanka now and worsening the whole situation further. $51 billion is lot of money for small country like Srilanka.
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If banks stopped working (which is unreal at the moment), then bitcoin ideally will loose all its value. There wont be any measure of unit to count the bitcoin value. For example, today we say bitcoin is worth 41,000 USD. What would you say after banks collapse? I assume following case: 1) Bitcoin will still exist anyway 2) We will just pay each other in satoshi's. I mean we may start tagging prices like this: one chocolate bar 1.2 Satoshi's, one gallon diesel for 500 Satoshi's something like that. 3) Government will regularise the bitcoin everywhere since they have to have a National Treasury for smooth running. 4) Gold, Silver, Diamonds would be taken into consideration. This is all hypothetical, because banks wont stop working.  |
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********************************
HOT UPDATES
********************************
Location Temperature → 103 F between 12 pm to 5 pm
AC Set Temperature → 60.8 F (Lowest it can go)
Mining Rig → Tmax 176 F between 12 pm to 5 pm
Though AC settings are at its lowest, due to external hot temperature things are really messy in the mining room. As whole, the room is settled on the roof and thus it gets heated up too. I have focused the AC stream directly onto the Mining Rigs so that it can cool off the most heating part that is GPU. However, still with high temperature fans are running on high rpm. Most of the PSU is supplying around 946 Watt electricity. The PSU capacity is 1000 W. Due to lot of fluctuations mining rig is withdrawing heavy energy at few times. In addition to this due to Hot Electrical Board and high electricity flow I had one of the socket burnt up. Mining rig is safe.
PSU is safe.
No other harm happened.***********************************************
REPLACED PSU WIRE, SOCKET. MINING STILL ON
*********************************************** |
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So i come back after few years then lets see if they have fixed btc.
They have to fix btc? What do yo mean by that. I think you are just here to make random posts. Do you think bitcoin is broken and thats why it is not moving anywhere? So that's your theory hnn, bitcoin works by fixing it and then only it can go up. Whether it is crypto or any commodity in the world, the value comes from the basic formula that is demand and supply. You can not just sit around wait for someone to fix it. I would suggest you start with some investment so that you can contribute to the chain. The bitcoin market cap is huge. You dont fix it, peeps invest into it, make use of it, circulation goes on, liquidity forms and then movement occurs. |
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Since I signed up in the forum, and started to earn merit, I had been steadily climbing positions in terms of earned merit, but lately I see that I have a hard time advancing, being around the 200th position, despite the fact that today I earn merit faster than ever, almost twice as many merits as activity, which I think is not bad at all. Definitely you are good member, and if the merits have speeded up then I am surely you are contributing something better than previous times! Being around 200th position is just fabulous. However, this is not a race. You can still keep on contributing to forum voluntarily and growth will follow. I wonder if you have noticed anything similar, although I suppose that not in all cases people will have noticed that around the 200th position. I am sure that n0nce, for example, did not notice anything at that position and will certainly do so later, when he gets to the first 25 or so. But his is an exceptional case, which we should not consider the norm. Oh yes, n0nce is whole new chapter to forum. He is very knwoledgable person and can quickly answer technical queries. So thats a learning for us, if you want to be good at forum you have to have proper knwoledge and you should be able to speak out desirable answers. Peeps will automcatially read and follow you. I would also like to clarify that those in the top 10 of most earned merit (or those in the top 25 if you want) I would not call them just quality posters, I don't know exactly what I would call them, but it would have to be something else, like exceptional posters or something like that.
I don't know if we could consider that there are about 200 (or 150 or 250) high quality posters in the forum. Not only because of my perception, which could be subjective, but also taking into account the following:
There are 54 participants in the CM campaign, 25 in the Best Change campaign and 22 in the [banned mixer] campaign. Maybe someone may have a member of these campaigns in mind who does not consider a quality poster, but the vast majority of them are. That would make about 100 members and we have to take into account that there are people who write with quality who are not part of those campaigns, either because they are part of other campaigns or because they don't wear a paid signature.
I believe that taking this into account, we would get roughly a minimum of 150 high quality posters, which coincides with my perception.
What do you think about it?
I agree that you are correlating quality poster with the campaigns they are in, may be because of the managers who run them have different ways to accept them. Most recently DarkStar had algorithm which chose the best of best, for example, n0nce so yes the best poster with high merits etc. We respect their judgments but it does not mean you or me or other hundreds out there are not doing anything good just because our speed of meriting is slower. At some point, amounts and ranks don't matter that much anymore... At least, that's how it was in my case.
Sure, i still like to receive some merits, because it means somebody appreciates what i've written, but wether it's 5 merits or just 1 isn't that important. At some point, merits become less of a tool to rank up, and more of a thumbs-up functionality. I know it wasn't created for this purpose, but still, once you reach the legendary rank, that's a bit how it feels for me personally.
Exactly what I want to explain in single line. :-) |
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I didn't know there's such a thing but now I do so Happy Financial New Year to you too. I am kind of intrigued so I tried to read more about it and a lot of surprises was discovered, mostly in UK. My goals? I think what I will do is just the same as the past years. Save as much as I can even with the inflation and try not to run dry when it comes to the needs of everyone in the family. It works so there is not much of a need in changing it. I guess there will be a big change when the kids starts growing and the school opens up again. (physical, not virtual). Because there will be more expenses when that time comes. Don’t bother, unfortunately these things like financial management, setting up your goals, etc. Honestly we have to either learn it ourselves or may be taught by someone before we become of that age. Financial management is not a easy job. Sometimes you make lot of plans but you don’t really end up following them. You might think to save up X amount each month but then there are family celebrations, someone birthday, gifts, emergencies and what not. So it has to be way way controlled. Better start with recurring deposits as they need to be done every month compulsory or there is bank charge for failed transaction. So at least there would be big effort to save up. |
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Is coused by there is no enough liquitity to serve all people
Also fed will stop REPO so liquitity will go down.
We are liqutity crisis soon like it was year 2019 the only way out was to start printing money year 2020-2021
On short time of period we had and will have enough cash until end of summer this year at some.
So all those exchangers ban you rules and bla bla is really just to hide problem that banks and all financial instutions have some serious liqutity problems.
I cant put it any more simple ways we are out of cash thats the problem just now.
No man it’s not bla bla something, it’s way to stop the war. It’s strategy to disconnect Russia from rest of the world and crush it from the inside ecosystem. This is to avoid world war break out. Because USA can easily take it down but in the process both the countries will go into endless war, nukes and what not. Better handle the situation with excellent strategies rather than war. It’s not about hiding the problems, it’s about restricting the most weak part of every nation that’s financial system! No finance means burdened procurement, people going on moments against the Government due to increased inflation. The end result they have to regain the control over their people otherwise they will loose both war and government. |
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