At this point, I think it is an exaggeration to say that the collapse of Binance would mean the collapse of "the entire crypto market." Binance is not even comparable to Mt. Gox when the latter collapsed. When Mt. Gox collapsed, it was the epitome of a too-big-to-fail crypto institution. It handled more than 70% of all Bitcoin transactions all over the world.^[1] Not to mention that Bitcoin was still in its early infancy at that time. Bitcoin survived!

As a matter of fact, should Binance collapse today, it is not even totally surprising. There's already a whole bunch of prelude to it.

---

[1] https://en.wikipedia.org/wiki/Mt._Gox

It is all right with me when users are actively, even aggressively, hunting for merit. I cannot blame them. After all, merit is the way for them to rank up. There's no problem with that. Many of them must be trying hard so that they would one day land on a decent signature campaign and earn from it. That will help them economically. Although such motive is kind of questionable, it is not at all bad. It's even good.

My issue is that these people and their obvious schemes are insulting. They must have assumed this forum is made up of nincompoops that even if they publish outright lies, they can get away with it and even rank up.

There's no cracking of Bitcoin's anonymity because there's no Bitcoin anonymity in the first place. And it has been proven time and again that Bitcoin's pseudo-anonymity could be cracked.

Anyway, I can only read what's made available in the OP. It seems that Mr. Zhong is even lucky that the prosecutors are seeking a prison sentence of less than two years only. Or is it only for his case of wire fraud for which he pleaded guilty? Surely, he'll have another case of theft, for example, or of buying illegal drugs.

Zzzzzz. LOL! Don't be too naïve, guys. And please read beyond the OP. How can you easily fall for this kind of story?

Uche6215 is celebrating his/her 7th year as a Bitcoin investor when just a month ago he/she shared that he/she's been a Bitcoin investor for two years. I don't know which planet OP comes from or what kind of calendar he/she is using there, but here on earth and with our standard Gregorian calendar, two years cannot just turn into 7 years after just a month. LOL!

Speaking of a new non-KYC exchange, it seems BetterCallRaul.it isn't alone. There are a couple of others more. There is PeachBitcoin.com that had just posted its Announcement thread a couple of days ago. Perhaps OP might want to check it out. And then there's also AgoraDesk.com. Not only does Agoradesk never requires KYC, it is also emphasized, at least in their campaign thread, that it "never plans to do so." Perhaps this is also worth checking out.

These are interesting times. One leaves, another arrives.

Of course, OP is lying through his/her teeth. And he/she's been doing this for some time, perhaps to earn enough merits and rank up and be qualified to apply for a signature campaign. OP is trying hard to rise through the ranks to perhaps earn a few bucks when finally accepted in a signature campaign. It's sad that he/she's doing this through lies.

Yesterday, he/she said:


A couple of months ago, he/she shared:


So OP's first Bitcoin experience happened recently after dismissing it as a scam for more than a year? Or if it's true that he/she's been a Bitcoin investor for 7 years now, then he/she must have already known Bitcoin since 2015 or 2014. He/she must be an early adopter?

But he/she also said that:


This post gained him/her a bunch of merits, but it was just made last month. And if he/she's been "a Bitcoin investor for a couple of years now," why is he/she celebrating his/her 7th anniversary as a Bitcoin investor yesterday? And if he/she knew Bitcoin many years ago, why is he/she admitting that he/she actually doesn't know much about Bitcoin?

And then as to his/her first Bitcoin experience, it seems there's another one:

I also doubt there would be a significant change about how things have been here. That particular post does not really demand for a change. There is really no serious reason to implement something different.

But spreadsheets could indeed provide vital pieces of information as to how much Bitcoin one owns. One would know, for instance, whether a campaign participant is spending his/her salary or not, or if he/she is regularly moving his/her coins to a main wallet, and how much is already in there. Although it is highly recommended for security's sake to use an address only once, I doubt there is a signature campaign participant here who practices that. And if the account here has mentioned his/her email or social media accounts at one point, the risk grows higher.

I was also thinking that in the unlikely event that certain users here are investigated by whatever law enforcement agencies, for promoting a mixer seized by the government for example, spreadsheets are indeed a good source of incriminating information.

There is indeed a serious pressure on the US right now. Although the threat to ditch the USD has been there for a while, at this point it has become more serious than ever. China's economy, global influence, military capabilities are growing stronger and stronger and could now seriously challenge the US. And with Asia, the middle east, a part of Europe, a considerable part of Africa, the largest economy in South America all significantly drawn toward China, the US should begin to think of a new strategy. It has to develop leverage in order to attract these countries more.

Perhaps the most ridiculous bets that I made were those bets that I was clueless about. I actually placed bets based on unreliable tips from unknown users. If I'm not mistaken, I even placed a bet because the match was said to be fixed. And if I remember it right, the odds were even high. But these were minimal bets, of course. Sort of experimenting with those tips.

Other than those really ridiculous bets, the ones that really disappointed me were those lost bets with very low odds in a parlay. These are the bets that are almost certain to win but ended up lost and spoiling all other winning bets in the parlay.

I would understand if the banking procedures that cause too much hassle to their very own depositors are done solely for the sake of security, for the sake of protecting their clients' hard-earned money. The problem is that they aren't. You are even charged a fee for not keeping a certain amount of money in your account, and when you withdraw, you are also given a limit. That's ridiculous! And look at all the banking fiascoes happening in different parts of the world. You must have also heard of the current banking crisis and how those collapsed banks are giving their clients sleepless nights.

If they close your account simply because of this topic then Trustdice is only proving that it is indeed a scam.

But a high wagering requirement doesn't make a casino a scam. But it really discourages gamblers. A 5x wagering requirement is apparently a mechanism to make sure deposits are drained even before the player considers making a withdrawal.

Keep us updated here as to what happens after you make your deposit and complied with the wagering requirement. We'll see if you will be able to withdraw your bonus winnings, or more requirements are asked like KYC. Trustdice also includes KYC in their ToS.

The advice has to be qualified further. If Peter is saying everybody should be getting rid of their US dollars now and shift to Bitcoin, then perhaps it makes some sense. But if he is simply saying get rid of the US dollars, that's a bit misleading. As a matter of fact, if I kept my savings in USD rather than my own local currency, I would have made a decent profit. So which asset or currency shall we be converting our US dollars to? Gold? It barely even moved for the past 10 years.

Others may not agree with my opinion, but I think financial freedom in the context of Bitcoin doesn't have anything to do with having much money you don't have to worry about it anymore. I think financial freedom in Bitcoin's context is that you are no longer dependent on the abusive banking system. You no longer suffer from the flaws and the fraud of fiat as far as your finances are concerned.

It isn't about getting rich. It is about emancipating yourself from traditional finance. It is about being free from the constant devaluation of fiat, from its mismanagement, from the need to trust them and being disappointed in the end.

Well, transparency is one feature of the blockchain. It's a public ledger, after all. Everybody can confirm certain information there. As far as users' payout addresses are concerned, they're public addresses. But if these addresses could be linked to accounts here which, in turn, could contain clues or information leading to his/her identity and whereabouts, I guess it may indeed pose a certain danger.

Spreadsheets could remain public, but perhaps campaign managers could at least provide participants the option whether to publish their addresses on the spreadsheet or not.

Everybody should make it a habit to transact only with official sites. Especially when it comes to investment decisions or when personal details are asked, it is best to proceed to the official site and not through Facebook or any social media platform and other dubious sites. If an announcement or an offer is made through social media platforms and other sites but not in the official website, it should immediately be dismissed as shady and must be avoided.

I cannot speak for everyone else, but I really hate credit, so while I received some offers for a credit card, I refused all of them. My bank would still contact me every now and then convincing me to grab their limited offer for a credit card that doesn't ask for any requirement and that doesn't charge any annual fee for life, but I remain decided not to get one. I never really liked credit cards as I hate debts. I transact in cash most of the time. But as an alternative option, I also have a debit card. Those are the most reasonable options for me.

And with the advent of digital banking, another option would be to pay through mobile apps.

Welcome to the forum!

It is good that you decided to officially introduce your product here. But even before you doing this, there has already been a discussion of your platform here. Although there are some who appreciate the way PeachBitcoin works, there are also those who are skeptical. For one, it is an issue to some that your app is closed-source.

You must understand that trust is not easily earned especially if there are security concerns raised. Perhaps you might want to spare some time and drop by the thread discussing your platform and respond to the legitimate issues raised.

OP has been here on the forum since 2016. He/she's been doing business here selling stuff in both fiat and Bitcoin. He/she has also made exchanges between Paypal and Bitcoin. So I think he/she used to have a Bitcoin stash, but it's possible he/she didn't hodl them.

It is quite weird to be here on the forum for many years and never had Bitcoin at some point. When I learned about Bitcoin and got here, I was already very excited to own my first Sats. So my Bitcoin came prior to me learning about the specific security dos and don'ts.

$22,000? He/she should have already bought some. Where was he/she a month ago when Bitcoin was even less than $20,000?

A common international currency is essentially the spirit behind the Bretton Woods system, the very system that established the US dollar as the world's reserve currency. Precisely, it was proposed by John Maynard Keynes that an international currency be created. He wanted to call it the Bancor. However, it didn't happen, and instead of a new international currency, the USD was assigned the role.

As to the alternative that you mentioned, it simply isn't possible at all, because of how unstable other local currencies and economies are. Who would trade with Venezuela or Zimbabwe, for example? Who would trust their local currencies?


China's goal certainly isn't only economics. It is power. It is influence. It has hegemonic ambitions.

Yes, of course, developing nations are always at the receiving end of the world's power struggle in which the major players are the most powerful countries. While these poor countries could benefit from this competition, they're also the ones that could easily be made hostage, bullied, and the most to suffer when the economic competition turns into a war.

---

1. https://www.investopedia.com/articles/forex-currencies/092316/how-us-dollar-became-worlds-reserve-currency.asp
2. https://www.investopedia.com/terms/b/brettonwoodsagreement.asp

I don't think this will happen without a law explicitly declaring or legally branding cryptocurrencies as illegal. What they can only do so far is to seize those who are linked to illegal transactions or platforms. Other than those, I don't think they are in the right position to confiscate all crypto assets.

Now, there seems to be initiatives of certain legislators who are anti-cryptocurrency to somehow demonize the technology. If they are successful, it could indeed be possible for the government to order crypto owners to voluntarily surrender their crypto assets or else they will seize them forcibly. But I don't think this will scare majority of the believers. This will only push them to go underground with their crypto assets.