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1081  Other / Beginners & Help / Re: Phobia on being active on: January 15, 2021, 11:15:54 AM
There's nothing to fear, honestly. This is a community, not an exam. If you don't understand anything, either reply (but try to stay on-topic) or create a thread in the right board asking us more about the stuff you don't get.

We've all made mistakes and some are punishable, but it's more about the common sense: don't go off-topic, don't spam and don't scam. Participate in discussions and you'll learn a ton of stuff over time.
1082  Bitcoin / Bitcoin Discussion / Re: Does Bitcoin Change GOLD AS STORE OF VALUE? on: January 15, 2021, 08:51:56 AM
There are probably going to be such scientific breakthroughs - I expect it, since science just keeps evolving on a daily basis. It could be added next to gold, but won't replace it. Gold has lots of advantages and is scarce but cannot be split into as many pieces as you like and is heavy while Bitcoin has the advantage of being weightless, instantly transferrable and can be split into as many pieces as you like.

BTC is online while gold isn't.. In the event of a EMP attack, gold might be the only one surviving. In the event of a war, it would survive but its weight makes it hard to move gold to another place. So the best thing to do isn't replacing gold but being added next to it as a store of value.
1083  Alternate cryptocurrencies / Altcoin Discussion / Re: Why are people still buying XRP? on: January 14, 2021, 07:47:51 PM
Because people care about profit more than anything else. Crypto is used more as an investment than anything else, and we have to accept that. XRP is probably doomed and I hope it is out for good, considering the damage it's done to the markets mutliple times in a row.
1084  Bitcoin / Bitcoin Discussion / Re: The higher BTC goes, the bigger the risk/reward ratio and the less buyers enter on: January 14, 2021, 03:45:20 PM
Isn't increasing buyers the reason bitcoin recently topped out at USD40K+? Rising price means there are more buyers than sellers.
Not necessarily. There is a larger amount of BTC bought than sold, but it doesn't mean there are more or new participants in the trading sessiom than before. If I had a million bucks, I could create a big fuss in the market within seconds. It could be institutional investors just pumping millions into the market while the number of traders is decreasing.

EDIT: there doesn't even have to be more BTC sold than bought. Liquidity is part of the game as well. If someone comes in and sells a thousand BTC, the liquidity could make it easier to pump the market with less than what was sold earlier.
1085  Bitcoin / Bitcoin Discussion / Re: Banks hope to issue their own "bitcoins" to fight BTC on: January 14, 2021, 01:52:06 PM
It's a false fight they will likely win, honestly, from an average person's perspective. People care about how easy it is to transact, not how decentralized the network is. Once they get the digital USD that is 100% stable (besides inflation) at all times and instant to send and receive, they won't care about Bitcoin's existence much anymore. The average person's mind is what cmatters, not the smaller community's (ours)... unfortunately.
1086  Bitcoin / Development & Technical Discussion / Re: Will Bitcoin ever be as fungible as Monero? on: January 14, 2021, 08:39:12 AM
The closest it'll get is when Monero's team launches the atomic swaps between BTC and XMR. If you swap from BTC to XMR and back without leaving a fingerprint, think of that as an alternative to CoinJoins. Possibly a better one, in fact.

Bitcoin doesn't have the same main focus that Monero does. XMR is full-on devoted to privacy aspects of a currency, and props to them for doing that but Bitcoin should imho stay away from the privacy aspects of XMR.. if one of them falls, at least let the other stand up, right? Privacy's going to slowly become a thing closer to "criminality" than ever before, and BTC going that route might actually trigger a huge oppression against it.
1087  Bitcoin / Bitcoin Discussion / Re: Bitcoin Is Dying on: January 14, 2021, 08:33:03 AM
I know a ton of people who are buying dips and investing in EUR or USD. However, it's still classified as a currency. Bitcoin has a lot of use cases and, obviously, some of them are more convenient than others are. The worst thing about Bitcoin is probably the fact that its current fees are too high to be used as a daily currency by the average person, but other than that it's amazing.

As long as there is nothing to replace it with (and there isn't), it's not going to die. In fact, it's only gonna grow.
1088  Bitcoin / Bitcoin Discussion / Re: The antidote to financial censorship: Unbanked Trump needs Bitcoin! on: January 14, 2021, 07:31:24 AM
Just wanted to add.. if this is what a bank is able to do, then just imagine what a government would do if they had a CBDC everyone used. Your account could be closed without even having to care whether the government is going to be fine with the decision, because it's making the decision on its own.

How realistic is it though that Trump would agree entering the crypto stage? When I think of billionaires, I think of people who've worked their butts off with the help of corporations. I usually expect them not to like Bitcoin specifically because BTC provides a freedom corporations don't want, and you can't really get up there without them or the banks' help.

I read a post that iPhone is also planning to remove telegram from the app store.
Haven't heard about that, but Telegram isn't the best app to use if you want privacy anyway. The only thing is, they have so many groups and communities no other app has. As long as fully open-source alternatives such as Signal are a choice we have, it's fine.
1089  Bitcoin / Bitcoin Discussion / Re: Bought Trezor through Amazon, arrived sliced open. on: January 14, 2021, 07:17:16 AM
Return it, rent a PO box and order from Trezor's official website using a fictive real name (and maybe also purchase a disposable prepaid SIM card and create a new e-mail for the order) using the PO box as a delivery address. This is to avoid future database leaks as Ledger has been in the wrong once already, so expect future attacks as well.

Or, create your own Trezor wallet using your own components. There are quite a few tutorials on the Internet if you're interested in it.
1090  Local / Română (Romanian) / Re: Metode legale de schimbat bitcoin cu taxe minime on: January 14, 2021, 07:11:50 AM
Multumim pentru informatii! Desigur ca pentru a trece de la obligatiile catre Statul Roman la un alt stat e o cerinta dificila, fapt pentru care am si mentionat ca a scapa de taxe intr-un mod usor si totusi sa ramai in limita legala e cam greu.

Deci sa inteleg ca in cel mai bun caz, la o suma de 1 mil EUR se platesc doar cei 10% plus CASS-ul, iar in cel mai rau se adauga si CAS, plafonat alaturi de CASS la o suma totala de 8200 RON, corect? Adica in cel mai rau caz, la 1 mil EUR vine o datorie fata de stat in valoare de 100.000€ + 8.200RON.
1091  Economy / Economics / Re: The sale of the COVID-19 vaccine on the dark web continues. on: January 14, 2021, 06:54:03 AM
Black markets are... black markets. They'll always find a way to sell anything at any given price. If people trust purchasing drugs through them, why are we surprised that they're purchasing vaccines as well?

The vaccine might be free in most countries, but for example in mine you have to sign up and wait in line for it. Hence, purchasing it off the black market makes you just theoretically skip the line.
1092  Bitcoin / Bitcoin Discussion / Re: Google Trends and bitcoin on: January 13, 2021, 01:55:12 PM
During bull runs, I honestly do Bitcoin (and crypto in general) searches way more often - probably up to 10 times more often than I usually do. So I would honestly not consider this a good or accurate indication that a lot of people are getting into BTC. If all older users constantly keep looking for BTC or crypto prices during bull runs more often than they used to, it leads to such stats..
1093  Bitcoin / Bitcoin Discussion / Re: The antidote to financial censorship: Unbanked Trump needs Bitcoin! on: January 13, 2021, 07:12:51 AM
This is the moment where people actually start looking for a currency that is censorship-resistant. Be it Trump, Kim Jong Un or anyone else in this world, your actions should NOT be subjectively interpreted by a bank leading to a subjective account closure. This is basically the infringement of our right to financial freedom (not that we ever had one before crypto).

Put your love or hatred against Trump to the side and stop dreaming - try to be realistic at least once. It doesn't matter what he's done in the past - even if he was racist, is that a good reason to strike his financial freedom?

This is the Orwellian state smoothly opening the door towards us. This is the moment where a corporation has the power to shut a President's mouth and close his wallets whenever they feel like they want or need to. It's scary how much power they have right now - so is the idea that the vast majority simply doesn't care or cares more about his actions and words than about what corps have just done!

To put it another way, nowadays if you wanted to protest exactly against the power corps currently have, expect to have no right to do so because they will not like what you're doing and they have enough power to shut you down.

We need Bitcoin. More than ever before.

@pooya87 Theoretically, everyone should be treated the same. But obviously, people tend to treat a high-ranking politician different to the average person. The main idea is that, if the President can be censored and have his rights infringed, then imagine how easy it is to now do the same to anyone else.
1094  Economy / Speculation / Re: How low will BTC go before the next leg up to 45-50k?? on: January 13, 2021, 06:53:54 AM
The first months of the year have been usually quite rough to BTC previously so I expect it to either sit around $30-40k or dump even lower for a few weeks/months to come before the real bullish market begins. It realistically cannot just keep pumping continuously.
1095  Local / Română (Romanian) / Re: Guvernul vine! ANAF si DIICOT ii urmaresc pe traderi on: January 11, 2021, 09:21:28 PM
Degeaba fugi in alta tara in speranta ca ocolesti impozitarea daca lucrezi tot cu bancile. Bancile din alte tari mai "prietenoase" cu siguranta au, in mare parte, cel putin o legatura fie cu bancile noastre, fie cu cel putin o autoritate din tara noastra, fie ambele. Totusi, daca doresti sa continui pe ideea de a iti deschide cont la o banca din alta tara, mare atentie sa fie si banca prietenoasa cu cryptomonedele - nu doar statul tarii respective!

Daca doresti sa scapi de impozitare intr-un mod legal, scapa-te de obligatiile de stat din Romania si "muta-te" cu ele intr-o tara mai prietenoasa. In Germania, nu mai exista impozitare daca ai tinut crypto in portofel 1 an de zile neatinsi. Daca lucrezi in continuare cu bancile si incerci sa ocolesti deschizandu-ti conturi in occident, e tot un fel de evaziune fiscala si odata ce informatia ajunge aici, cum s-ar zice.. ai dat de belea!



@Rizzrack am un sentiment ca au avut demult acces, dar abia acum devine oficial.
1096  Alternate cryptocurrencies / Altcoin Discussion / Re: Are stablecoins based on trust? on: January 11, 2021, 08:09:45 PM
The point isn't to manipulate the price of USDT markets so that 1 ETH in USDT is exactly equal to 1 ETH in USD. What stablecoins do is they make sure that 1 USDT = 1 USD at all times instead.

If you take a look over fiat vs stablecoin Bitcoin markets on CMC, you'd notice their prices vary wildly. If a Bitcoin is sold at $20,000 for a USD pair, it could very well be sold at $20,500 for a USDT pair at the same time - but having such wild differences makes it easy for traders to make a profit. Hence, with high liquidity and trading volume you automatically have smaller and smaller differences between fiat and stablecoin Bitcoin pairs.

In the end however, the main idea of this system is making sure that if you have received 20,500 USDT for your Bitcoin, the value of those USDT are constantly equal to 20,500 USD. That is done through a centralized system. Meanwhile, trust is obviously part of the game. Say you had a USDT/USD pair. Although you and everyone else knows that 1 USD = 1 USDT at all times, you decide to sell 1 USDT for $5. Would anyone ever purchase it from you? If they would, then it is likely that nobody else would purchase it from them at a higher price than one buck. It makes no sense to sell or purchase a stablecoin at a value other than $1.00 per coin.

This is why the only way you can sell 10 USD banknotes for 20 USD PayPal balance is when the said buyer is in an emergency. The constant centralized price pegging is there, but it cannot realistically be enforced without our common sense. Makes sense? Cheesy
1097  Bitcoin / Hardware wallets / Re: Open source hardware wallets on: January 11, 2021, 05:46:23 PM
I've used both open source and closed source wallets but not hardware wallets, still can't tell the difference, security wise I believe open source is better but keeping my asset safe is all that matters to me, if I lose my private key the open source part won't get it back for me, same as closed source too, all that matters is keeping your keys, I've used coinomi wallet to store thousands of dollars assets since 2018 and it's never lost
Open sourced means you can inspect all the lines of code behind the said software or can fully inspect the hardware components themselves. For example, all customer-end GPUs have closed-source components in them. If you downloaded a mainstream videogame right now, you wouldn't be able to see the lines of code behind it. That's closed-source.

Coinomi has been a good wallet until they decided to go closed-source. Right now, they could simply make it so that they own every single seed that's generated through their wallet by their own customers - and you'd have no idea about it! Open-source may not "get it back" for you, but closed-source might give it to someone else without your knowledge and consent.
1098  Bitcoin / Bitcoin Discussion / Re: 🔥 If China confiscates miners - is Bitcoin still safe? [Threat Model Analysis] on: January 11, 2021, 08:29:20 AM
Forks are the best solution. If China decides to attack Bitcoin, they decide to attack the world's freedom. Take that as a war on it, which wouldn't end well for them. We'd just fork off the chain while changing the way Bitcoin works so that China doesn't have the control handle anymore. In the end, what the CCP will own is a ton of equipment that'd be redeemed useless every time they try to attack a cryptocurrency.. in other words, a waste of money.
1099  Bitcoin / Bitcoin Discussion / Re: If a BTC portfolio gains millions of dollars... on: January 10, 2021, 07:44:55 PM
Some exchanges/banks act harsher than others do. Those who transact millions likely have high-tier, fully verified accounts on exchanges .. or they just sustain the decentralized governance by using Bisq-like DEXs. I would personally not trust having millions on exchanges, but there are quite a few people out there who do. Trust is an issue I'm having, hence why I'm here..
1100  Bitcoin / Hardware wallets / Re: Bitcoin Core and Trezor on: January 10, 2021, 08:37:53 AM
I don't think you can. What you can do is run a full node with Bitcoin Core and point Electrum to it, or just run Wasabi with Knots instead. If you're more advanced and worried at the same time about leaking addresses and wallets to third-parties, you could use trezorctl.
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