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Messages - TomPluz

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Bitcoin News & Updates / Re: IMF Demands Changes to El Salvador's Bitcoin law: Report

« on: April 14, 2024, 12:44:48 PM »

Quote from: ABCbits on April 13, 2024, 03:01:30 PM

It's not surprising when IMF did same thing some years ago. They also doesn't acknowledged El Salvador finally gain profit after putting a bit of their reserve in to Bitcoin few years ago. Your opinion is greatly appreciated.

IMF is ashamed to acknowledged that El Salvador made a good decision of NOT listening to its ideas and demands and that this small country got the vision IMF do not like at all and so they keep on pressuring the government of Nayib Bukele to modify things as the narrative of IMF is exposed to be not really advantageous for countries it supposed to help. In exchange for financial help, IMF usually lay down the things it requires for a country to accomplish first before one can access money needed for developmental programs and economic stimulation for progress...in many cases IMF is actually curtailing real growth and is hindering the potential of a country to stand on its own. I am not so sure if the president of El Salvador will yield to these required changes or what areas he can compromise without losing the grip of the country's fragile economy.

Basic Questions about Cryptos / Re: Is BASE token a good token to buy?

« on: April 14, 2024, 06:47:41 AM »

Quote from: DabsPoorVersion on April 11, 2024, 02:31:10 PM

Probably OP has done his research about Base Token that's why he comes up with the question of whether if it is a good investment or not. Besides, asking questions or gathering opinions is one way of doing research.

I am also wondering if OP is referring to the Base Protocol with the symbol BASE now traded in some exchanges and according to CMC: "Base Protocol (BASE) is a token whose price is pegged to the total market cap of all cryptocurrencies at a ratio of 1:1 trillion. BASE allows traders to speculate on the entire crypto industry with one token. The Base Protocol is built on the Ethereum blockchain, integrates a (Chainlink) oracle, and is launching on ((Uniswap)." The current price is $2.66 as of April 14, 2024 and with its total supply of 480 million it got around $1.2 million marketcap. What is interesting with BASE is its being pegged to the overall marketcap of the whole cryptocurrency industry and with this calculation "if crypto market cap is $1 trillion, BASE is pegged to $1.00; if crypto market cap is $2.5 trillion, BASE is pegged to $2.50" according to its official site. To be honest, am not that impressed with this platform but then again I can be wrong...this can be one of the best performing crypto-based projects in 2024 so make your diligence, decide based on what you know and close your eyes for some luck.

Basic Questions about Cryptos / Re: [GUIDE] What are Crypto Airdrops?

« on: April 14, 2024, 06:15:11 AM »

As expected, there had been an influx of airdrops coming from good and bad crypto platforms especially in the last two quarters of 2023 and into 2024 as we entered the bullish season and with the surge of people's interest on cryptocurrency because of the coming halving event I really heard more and more airdrops offered to eager participants with some costing some amount of dollars and free ones (of course, this requires some time, effort and a little bit of skills). In the first phase of the history of Bitcoin, faucets become popular which resembled then like airdrops today...and many did make good money especially if they kept what they got until Bitcoin really valuable. I know of some friends who made double-digit when the airdropped coins or tokens made it to credible exchanges and got good price of their own. Unfortunately, I got already tired in participating with bounties that I got burned out and did not have the taste for airdrops. These days, many bounties are not anymore lucrative and have become like the vehicle for scamming projects to take the limelight on the stage though there are of course many similarities with airdrops and bounties and can be considered as linked and intertwined. I am then looking at this Paldo site to see if I would love to participate with the airdrops which I assumed to be vetted and not done in random which is good for us.

News related to Crypto / Re: Rich Dad Poor Dad Author Robert Kiyosaki Believes Bitcoin Price Will Reach $2.3

« on: April 14, 2024, 05:37:34 AM »

Reading through the responses here to the $2.3 million dollar prediction of Robert Kiyosaki, I realize that I prefer to deal with overwhelmingly positive speculations rather than the gloom and doom evangelists telling us that Bitcoin has no value and will soon crash in the market. I am not saying that this positive prediction can really come true but one thing for sure is that Bitcoin will be rising as years will go on...and we should not miss the big point Kiyosaki is sharing and that is to get as many Bitcoin as we can as it is a sure ball winner. And whether BTC will one day be $2.3 Million or just $500K, a Bitcoin investor today will be smiling all the way to the bank when that time will come. Of course, people who are already believers of Bitcoin don't need to be reminded that Bitcoin is a deflationary asset and will one day be our ticket towards financial freedom. We may not agree with this specific dollar value but we can all agree that Bitcoin will surely grow tremendously 10 years from now. So the main question is: How much BTC are you hodling?

Bounties & Rewards [BOUNTY] / Re: ✅[BOUNTY] ✅ Gas Wizard ✅ 40K$ worth of $GWIZ Token Rewards ! 4 Week Campaign✅

« on: April 14, 2024, 05:04:52 AM »

#Proof_of_Authentication_Post
Forum Username: TomPluz
Telegram username: @Boygirlbaklatomboy
Which Campaign you joined: Twitter, Telegram, Instagram
ERC20 wallet address: 0x90269f0989C0e0C3E71ee4D0F3201A81620cbC47

Philippines (Tagalog) / Bakit Mas Sikat at Ginagamit ang Binance sa Pilipinas?

« on: April 14, 2024, 04:46:26 AM »

Sa desisyon ng SEC na di na payagang maka-operate pa ng negosyo ang Binance dito sa merkado ng Pilipinas, sigurado ako na 100% ng mga crypto users dito sa atin ang nalungkot at di masyado nagustuhan ang pangyayari...pero bakit nga ba mas gusto ng mga Pinoy ang mag-trade sa Binance kumpara sa Coins.ph na matagal na sa negosyong ganito at sa PDAXX na medyo bago pa lang at lahat sila ay talagang rehistrado at legal na mga negosyo dito sa bansa?

Sa ganang akin, una ay talagang magaling ang Binance at si sila maging numero uno sa buong daigdig kung mahina silang klase lalo na sa mga features na talagang nakakatulong na mas madali ang pag-trade ng crypto...at sa larangan ng P2P di maitanggi ang Binance ang nangunguna dito sumusunod lang ang iba.

Sa larangan naman ng security at safety, dumaan na ang Binance sa matinding krisis nito ng ma-hack sila noong 2022 n umabot sa $750 millions pero imbis na manlumo ang Binance naka-recover sila at bumangon...at nagpatuloy sa pagiging isa sa mga nangungunang crypto exchange na may trading volume na $34.26 Trillion sa 2023.

Sigurado ako marami pang dahilan bakit naging sikat ang Binance sa Pilipinas...at sana yung ating mga local-based crypto exchanges ay matuto sa Binance kasi panahon na para sila naman ang susuyo at manalo sa merkado dito sa ating bansa.

Cryptocurrency discussions / Re: What challenges do cryptocurrencies face in achieving mainstream adoption?

« on: April 13, 2024, 04:05:16 PM »

After more than 10 years of introducing Bitcoin to the market, I would say that its history has been very fascinating most especially if you look at the price as we know that it started with almost no value to something like 70K in April 2024. Such an astounding story is really amazing and for many who first believed on it they are now reaping the sweet fruits of their investment and it became a big tool for their financial freedom. Now, with the success story of Bitcoin and the subsequent cryptocurrency industry, there is always that concern on mainstream adoption, the idea that crypto must be used by as many people as possible just like fiat cash. Is cryptocurrency a big failure on this aspect? I would say yes and no. Yes, because admittedly it is not yet used a lot in daily small and big transactions compared to fiat and even with credit cards. No, because the timeframe is still too short to make such a judgement...maybe we have to give cryptocurrency more time to flourish and really make it to the general population. Now, there are many reasons for this supposed failure...and on my part is the learning curve necessary to effectively use the technology. Plus, we know that there is no marketing budget for promoting cryptocurrency so this is relying a lot on word-of-mouth. And then we have the presence of many scams and frauds in this industry which put fear to many to get involved and has become a ground for the government to regulate more and impose more restrictions so as to protect the people. There are still more but I would stop it here.

Bitcoin Forum / Re: All of us are more important to Bitcoin than Satoshi!

« on: April 13, 2024, 03:46:48 PM »

I am jubilant when I learned that finally COPA won the case against Craig Wright which once and for all set the record straight: Craig Wright has never been the real Satoshi Nakamoto, the creator of Bitcoin and therefore he has no legal right whatsoever to any part or all of Bitcoin. The man is purely fake and the very fact that he is claiming to be the guy is the best indicator that he is not, as the real one opted to go underground never to have been traced and has never shown any credible sign of coming back.

1. Will the outcome of the lawsuit involving Faketoshi Craig Wright affect the value of BTC?
Positive or negative, I don't think the cryptocurrency market is giving any real weight to the failed saga of the fake guy named Craig Wright...but this can certainly affect his own BSV as he officially lost all the credibility still left of him. And maybe it is time for him to go and just concentrate on BSV and his own community as we know that there can still be people whom he can fool.

2. Does Satoshi's true identity matter to your BTC investment?
No. When I bought my first BTC, I never know the full story of Satoshi Nakamoto and at that time it was not a factor for my decision. It was only later that I heard more of this man and his contribution to humanity being the one who started Bitcoin which lead to the cryptocurrency industry that we have now. And I think this is the same story with many other people...we don't care the details and whereabouts of the creator...what is the most important is the one he created.

3. When will the community stop searching for Satoshi's identity?
In my own view, Satoshi Nakamoto is already a "cult" figure and there will be people obsessed in finding out more details on him and speculating on who can this man be. And for this reason, the search for Satoshi Nakamoto will never stop today and into the future unless either he will show up someday or it can be verified that he is already dead...or maybe it can ascertain that he was not actually a real person. For now, nobody can answer those concerns so Satoshi Nakamoto will always be on the "wanted" list.

Gambling & Crypto Casinos / Re: Demo games can also motivate Irresponsible gambling

« on: April 13, 2024, 11:40:04 AM »

Quote from: EluguHcman on April 11, 2024, 07:26:56 PM

So far so bad I think this is also how some gamblers are inspired to irresponsible gambling of what is not affordable to loose all because of chasing huger profits.

Yes, of course, that is so true and if we are really thinking about it, this is the way to manipulate a prospective paying customer to really spend money for the game and then end up losing his shirt as one can then be addictive with it. Demo game is the best way for the platform to showcase what they got and they are usually putting forward their best feet so one will be stimulated and manipulated to shell out money. In other words, this is a marketing strategy and it is called as gamification by making someone feel good and triumphant although the real picture will emerge soon and that is when one will be razored with the big reality...gambling is all about making money from the people who are gambling. Now, many people would be gambling for the sake of enjoying the whole process or entertainment just like watching a movie in a theater where one will be paying some money so there should be a big reminder to gamble responsibly...that is if there is such a thing.

Cryptocurrency discussions / Re: Why did most project launched close to halving?

« on: April 13, 2024, 11:10:26 AM »

Quote from: SmartGold01 on April 12, 2024, 10:45:36 PM

I just have this feelings that either since bull is around the corner they wanna utilized the opportunity for their project to soar or they launched for the purpose of scamming people around since most people don't know the real project to invest during halving.

Many projects would love the opportunity to make a splash during the bullish season and this year we have the approval of the ETFs and the coming halving as the biggest triggers for the bull to show its head in the market. With Bitcoin getting a lot of attention from many investors directly and indirectly, there is that chance that alts will also be getting the attention they are craving for. And in this situation, many developers and project managers are thinking that they got more chance to succeed when the market is under a big stimulation...unlike if there is a big winter situation enveloping the industry when investors are souring on the whole market. Now, with this in mind, it should be noted that a big chunk of many new projects can be categorized as scammy or just there for the sake of making money...and we are I think witnessing this now especially in the memecoins market now making a rage under the Solana network. That is why we have to be careful not to be fooled by the hypes by many promoters all over the place. Many of these new projects will eventually fade by next year when the reality will hit the ship they are imaginarily selling.

News related to Crypto / Re: Judge to Sentence Former FTX Executive Ryan Salame in Late May

« on: April 13, 2024, 10:56:03 AM »

I am happy and sad to see this development coming down on people behind the FTX debacle and after Sam Bankman-Fried got 25 years for the many crimes he committed while heading FTX, his minions are now facing the full brunt of the law in the unexpected collapse of the crypto-focused exchange they once managed and abused to the core. Happy to know that here in the cryptocurrency industry nobody is above the law and if one is committing a crime then there comes a time when one will be held accountable and be facing severe punishment. I am also sad that these people were given such a big trust and responsibility and yet they failed to treasure them and instead used the outfit they are managing to be the milking cow of their unsatiable desires and twisted dreams. FTX was supposed to be one of the shining stars in the industry and considered to be the envy of many and yet behind the doors termites were eating its very foundation as the heads were corrupted by power. And soon we can see Ryan Salame get his freedom punched and curtailed.

Cryptocurrency discussions / Re: Crypto crimes around the world, cybersecurity is not enough.

« on: April 12, 2024, 06:45:22 AM »

Quote from: examplens on April 10, 2024, 12:19:56 AM

I am posting this as a kind of warning, even if you protect your wallet, the problem can come from where we least expect it. It is certainly good advice not to talk much about assets and to keep them as private as possible.

Certainly, we should learn to make our involvement with cryptocurrency as private as possible and should refrain from announcing to the whole world the crypto portfolio we have most especially those who are holding many digital assets at a good value...unlike me which almost got nothing due to a personal emergency. We must remember that though we can make our wallets really secured, once somebody will be poking a gun or a knife in your neck demanding for the keys to open the wallet and transfer the assets, I think we have no choice but to do it no matter how we might be protesting. A person can be kidnapped so he can open the wallet and have the funds dried up or a family member can be taken forcefully for ransom using cryptocurrency. In my view, this is one area that all crypto holders should think about and there must be a protocol our country can establish specifically for this matter. In other words, just like in the normal world we live in, there is no 100% fool-proof security as evil people can devise ways and means to get what they want...and on our part there is no such thing as too much careful.

Cryptocurrency discussions / Re: Safe to share your personal data for extra stipends ?

« on: April 12, 2024, 06:11:07 AM »

Quote from: Macjaja24 on April 11, 2024, 10:07:14 PM

As the bull run approaches, I'm hunting for promising tokens while my hunger for airdrops keeps increasing lol.. Recently, I discovered Masa on X and was impressed by its achievements. Checked through their community and could feel the activeness in it , although also noticed most investors are more keen on the airdrop they are yet to get .. you think it’s a pass or a fade ? Notwithstanding still got eyes on it to see where Masa goes next market phase.

I am not so familiar with the Masa project which is calling itself as the leading ZK-Data marketplace and network where we own, share and earn from our data and applications with the use of AI. Now, it should be noted that I think the word data is not limited to information we personally possess and can have a wide implications most especially in our modern era. One of the main focus of this project is the use of AI and we can participate on its journey as an LLM (Large Language Model) which are artificial neural networks which we can use to train AI, an opportunity presented by this platform. Now, with its strong potential, will Masa be a good thing to invest with? That all depends on your appetite for risks and how you do the due diligence needed so good luck and more power to you.

Cryptocurrency discussions / Re: Should crypto exchanges be audited quarterly?

« on: April 12, 2024, 05:38:47 AM »

Quote from: CryptoTalisman on April 11, 2024, 09:12:38 PM

I think auditing a CEX on a quarterly basis will help users make informed decision of whether to continue using a particular CEX or find a better alternatives. I will like your thought on this subject matter.

There is a big need for regular, credible and transparent audit for all the CEX doing business in the cryptocurrency market...and this should have been established many years ago. I am not so sure though what kind of reporting are CEXs doing these days to comply with regulatory concerns most especially those doing business in USA where we can find stricter laws protecting the investors and consumers. One big challenge is if a CEX is based on an offshore country where there is no strict law requiring them to submit an audited reports regularly...and I think we have seen this with all the harrowing stories surrounding Sam Bankman-Fried and his FTX. I think we should be demanding this from the CEXs we are doing business with and only use those who are certified to be compliant. While I am not favorable with using laws to kill innovations, I do agree that we need to make sure that accountability and transparency should be the norm of the cryptocurrency industry so that scammers and fraudsters will not be making residence with us.

News related to Crypto / SEC Officially Sends Statement of Intent to Sue Uniswap

« on: April 12, 2024, 05:22:54 AM »

Quote

Uniswap founder Hayden Adams announced on Wednesday that the SEC had sent a Wells notice to Uniswap Labs, requesting compliance with law enforcement.

Hayden Adams, the founder of Uniswap, stated: “I’m not surprised. I just feel uncomfortable and disappointed, but we’re ready to face the challenge. I believe that the products we provide are legal and we are doing the right thing historically.”

Adams also expressed dissatisfaction with the SEC focusing on dealing with companies like Uniswap and Coinbase instead of addressing cases like FTX.

Information about law enforcement actions against Uniswap comes amid the SEC’s increasing focus on controlling cryptocurrency activities, especially with major companies like Coinbase, Ripple, and Binance.

Marvin Ammori, Legal Director of Uniswap Labs, described the SEC’s warning about law enforcement as “another abuse of power” and deemed the Wells notice “regrettable, but not surprising.” He also emphasized that Uniswap’s products comply with U.S. law and seek cooperation with reasonable regulations for cryptocurrencies, rather than continuing the abuse of power. Uniswap Labs is prepared to fight against this abuse and believes they will prevail.

Taken from this site here!

With the lawfare carried by SEC like a never-ending crusade supposedly to weed out scalawags from the cryptocurrency industry and to protect the people so they won't lose money, it is fighting many players whom it thinks can be doing things not accordance with the law of the land...and after many outfits as the receiving end of its power to regulate and prosecute, Uniswap is going to be added to its list.

1. Do you think this can hamper Uniswap in doing its business and will it affects its standing in the market?
2. Do you think SEC is just doing its job and is really doing things for the sake of protecting the small investors and users?
3. Which can be the next platform to experience the power of SEC and be facing possible charges?