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Messages - Stompix

Pages: [1] 2 3 ... 40
1
Looking at the development we have had over time now, I have seen my friends using wallets for several thing like the Launchpads, airdrops, staking and the like of the BWB wallet that has all these and you wonder if there are much difference between an exchange and spot platform. 

Which all are basically the same thing, you have a key stored in there!
As for the gateway thing, common, it's a limit with what you do with that wallet, and it's all crypto, which is...not even 1% of web 3.0
With my gmail account I can do like 1000 times more things than with a crypto wallet, and even if I could do that with one I wouldn't use it, it would be like using your bank account to secure your onlyfans account?  ;D Or sign in with it on a torrent website?

2
Now, in case I can trade a certain coin or token in DEX I would gladly do it as it can be fast and less hassles compared to CEX where you have to register and maybe even do KYC before you can fully use their services.

But with that pace done you're good next time, so if you're constantly getting this kind of low traded tokens you might have 50 sells for one KYC, with a dex you need to find 50 buyers, one every time!

CEX and DEX are not the same type of service at all. One is trading platforms, the other is exchange services.

Not necessarily, there are thousands who use CEX to exchange their coins and more importantly to sell them to fiat rather than trading.
I think that a CEX nowadays offers far more options than a DEX, you can basically trade, exchange to other coins, change to fiat, and even pay other users via ID or load a card (if they own one), while dex...it's just exchange and that's it!

3
Can there be things we can do as individual cryptocurrency supporters to help in limiting the reach of these ever adaptive and enticing scams? Or should we resigned to accept that this is already a normal way of life in this industry?

No!
And worse than that is that some people don't want the limitations on these, if only good coins with true companies behind it, respecting every step of their roadmap would be allowed to launch a tardeable coin everyone would grab a pitchfork and shout the government is against crypto!
The "shut up and take my money" meme is the representation of the majority involved in crypto, the greed is overflowing, everyone sees money and value in every piece of garbage so you won't be able to do anything at this point! It's done for!

4
Bitcoin was affected by this because a large amount of Bitcoin accumulated in the hands of a central company or companies. Whenever Bitcoin accumulates in the hands of a small group of people, we become closer and closer to centralization.

So what's the plan? Wealth redistribution?
Let's have a quota on how many Bitcoin can one have?
Should we also have some rules how many coins you can move at one time and how many you're allowed to sale?

Bitcoin is the perfect example of a capitalistic free market economy, it has always been like that and it will always be, the ones with money will have more, the ones with money will decide what to do with theirs.

As for El Salvador, it did not buy Bitcoin for speculation as companies do, but it bought it within the framework of the official adoption of Bitcoin as the country’s official currency, and I think this is something else different.

It's still one entity controlling a sum of Bitcoin, if you think they have an ulterior motive or it that's something that can relate to psychology, but in terms of code and protocol, there is no difference in centralization between Blackrock, Salvador, Satoshi or anyone else.
Their coins, their keys, their decisions, against you can't have freedom by restricting the freedom of others.

5
Crypto Exchanges / Re: cointiger.com is out of business - exit scam
« on: May 31, 2024, 02:48:06 PM »
~

I think we can now officially say that Cointiger is gone for good and as to many people lost their money on that exchange is something that will still have to surface maybe later. Seems to me that even the tiger in that exchange is not strong enough to turn the tide against its existential problems. This is one of the biggest problems in the cryptocurrency business: platforms that  are not managed well and will eventually collapse for reasons only the people behind them can fathom.

Well, that's the downside of this, too many people are trusting companies that operate outside their country, that are uninsured, that have no assets with tons of money, you can hate banks how much you want but at least you have a sum insured and you still have someone to talk about face to face, with these crazy exchanges you wake up and everything is gone and nobody knows a thing.

Why no law enforcement does not take any actions? I don't know even if they had any license or not. But, I guess should be punished.

Law enforcement can take action only if there is an active crime or a court order.

So first you need to have people taking action and filing reports, how many will do so for a hundred or so dollars, you need to rely on the ones with large sums, now if they find out the operators are in different countries and they do the math on costs for the lawsuit, the chance of getting anything back and so on there will be very few left and so the things go on. If it's an offshore company registered on some island owned by another company opened by one guy in either Malta and Lithuania good luck with the lawsuits.



6
I believe AI to be artificial intelligence which is generally known globally and as a matter of fact, it has been incorporated into the blockchain and crypto world which I believe made   the massive recognition it is enjoying currently. 

Where and when?
The blockchain is a database you can't have AI inserted in a table of data, you need to have an AI working with tables of data and in the blockchain you only have the transactions of tokens no AI would be able to work with that, and even if it would it still wouldn't be part of the blockchain..

I believe any project coming up on Crypto space would definitely have a blockchain or identify with one so they could be able to launch their token or coin.

Exactly what I was saying, the AI part is irrelevant, is the cash grab that matters for them.

Until now, I'm still hoping that there will be an altcoin that will be performing what AI really is doing right now, or at least more than that.

You're hoping for intelligent money basically, so...what would that look like cause if it were possible in the first place a lot of really big companies with true AI models would have done it, but what would be the final product?
Again we're not talking about an assistant, an autonomous driver, or a robot cook, but about money, I'm genuinely curious, how would people envision AI money, what would it do? I myself can't picture it!

7
Stable Coins Forum / Re: STABLECOINS
« on: May 30, 2024, 10:20:27 PM »
UST was a transparent solution and hope for the community, but LUNA spoiled it hard.

UST was a bad solution, it lacked any real backing and you saw the consequences!

[img geight=200]https://talkimg.com/images/2024/05/30/L5CuI.png[/img]
Have a look at the reserves of the USDT. it's really disappointing that there is no other solution except for direct P2P of crypto with local currency, DAI is still exists but it lacks the acceptability on maximum platforms.

And what is wrong with those? It's government bonds, the safest thing in the world and they are short-term bods, unlike any other crypto backing solution these government bonds are the only things that can actually be audited at their value,  you know they exist, you know the company has them, you know their value and you know they will always be pegged to the USD!

Any other solution that tries to mimic a stablecoin and is not based on that fiat currency value is vulnerable, that's how things work!

Of course, you could back your stable coin with Bitcoin, and what happens if the wallet gets hacked?  :o
Or what happens if there is a crash and Bitcoin drops like the last time 60%, how do you protect your stablecoin when the assets backing it are crashing?


8
^
i don't know. a lot of people who were once called conspiracy theorist in the past turned out to be saying the truth actually. people like Joe Rogan at some point hated because of what hes saying but eventually what he said was eventually being supported by the guys with factual data.
Whitney is not being heard somehow by the crypto community and its just like how Alex Jones being banned/cancelled in platforms.

Like pizzagate? Like how Jones was lying and lying and lying?
He didn't get canceled for the "truth" he got canceled because he kept on lying.

But let's do it otherwise, let's use basic logic, elemental grade!

These guys have insiders on BR, they know about the plans, they know how this can be done, and they know everything so well, then...
Why za f*** didn't any one of them talk about this before the ETF were approved?
Because if BR had the plans to take over Bitcoin they had those plans well before right, yet these guys didn't even manage to get the approval date of the of the ETFs right , check their history!!!!! And after that 4 months ago when there was just talk about ETFs those guys were cheering on the victory of Bitcoin, now suddenly...they need to keep making money out of their ads and they have no material anymore!

Seriously, it's pretty simple, just like you can't come and say you know where Russia will attack next when two years ago you made videos denying Russia will attack Ukraine!  ;)
Or how normally somebody who would have advised people in 2007 to buy into real estate like Kiyosaki should keep his mouth shut when talking about investments now, right?


9
Although I've said it a lot of times before, with the avalanche of users arising ai tokens I felt the need to open a topic about it!

So, yeah, THERE IS NO SUCH THING AS AI COINS!

First, what would be an AI coin or token?
- a piece of code that is intelligent on its own, it knows when to be spent or something like that?
- the blockchain is governed by the AI that....does ...what? We're supposed to have a decentralized crypto, how you have something in charge of it!
- the algorithm is AI, this is a stupid take since you;re saying a thing like c+ pr python is AI, which obviously is not!

But to further debunk this let's go through a list of so-called AI coins and what they do:
https://www.forbes.com/advisor/in/investing/cryptocurrency/top-10-artificial-intelligence-ai-cryptocurrencies/
(it's a paid article to promote those)

Quote
Render is about “GPU computing,” the ability to provide enormous amounts of computing power through graphics processing units (GPUs). Previously, this meant computing power for developers, artists, web studios, and gamers, all needing to “render” graphics for their entertainment projects. But now, it means computing power for AI projects.

Which means a company with a lot of GPUs is selling GPU power,  Amazon was doing this since 2002 without AI

Quote
2) The Graph is a protocol for indexing and querying data from blockchains in a similar way that Google indexes and queries data from websites. Indexing blockchain data can be challenging, but The Graph aims to change that by organizing data into smaller “subgraphs”.

Basically this project is doing what google has done without AI, and without the need for a coin or token, so....where is the AI in this?

Quote
3) SingularityNET is a blockchain platform that allows anyone to build, share and monetise AI services. It has an internal marketplace where users can browse and pay for AI services in the platform’s native cryptocurrency – AGIX.

A platform like fiverr where everyone is selling services, and you can only buy them with their token, ....the AI being where?

Quote
4 Ocean Protocol is a Ethereum-blockchain-based platform that allows businesses and individuals to exchange and monetise data and data-based services. This might involve making data available to researchers and startups without the data being relinquished by the data holders.

This one doesn't even claim to be AI powered!  ;D

Quote
5 Exec is an AI blockchain platform that allows users to monetize their computing power, and to access on-demand cloud computing resources

Just as number 1, a nicehash with a buzzword!

And the list can go on and on and on, simply put, there is no AI coin or AI token.
There might be a coin that a company involved in AI uses for its services but that's not an AI coin, that's just Starbucks credits!

LE, managed to post instead of modify, hope a mod clears the second repost and sorry for the mess!

10
There is no such thing as a coin that uses AI.

Do you think anyone cares?

It's just another gimmick like utility tokens, nobody actually cares how the coins works, what's behind it and what it does!
Everyone cares about buying chap at the entry point, hope the price goes up with the hype and sell at a profit!

They care about the name only for the buzzwords!

11
Meme Coins / Re: Finally, a memecoin for beer lovers 🍻!
« on: May 30, 2024, 04:17:52 PM »
Amazing, right?

Nope, not at all!
There are already 5 beer coins with their own chain and 12 beer tokens, so....nothing special!

Will the narrative drive it to a billion-dollar market cap?

Since it didn't with the other dozen, why would it?

aims to unite beer drinkers all around the world

You don't unite people by having them pay for that privilege!  ;)

It's just one for hose token, with good marketing it might return the investment, but with a bad one it will not, if it's a pump and dump or a rug pull everyone will lose, so it's more of a gamble. Every true beer lover would rather buy a 6 pack and enjoy that rather than some clone of a clone meme jpg you can't drink!

12
Meme Coins / Re: Is BabyDoge coin still alive?
« on: May 30, 2024, 03:52:34 PM »
~

But Bitcoin already made it possible not to spend even 0.1 fraction of btc on a loaf of bread, talk more of spend billions of it on a loaf.

Yeah, that's the thing, spending fractions rather than billions of it!
Spending fractions of something was actually a thing for almost the whole of human history, the whole thing about people trading gold coins is a myth, normally you would have silver coins, and those cut in two and 4 pieces since their value was too much for normal daily purchases.
That's a normal thing, carrying 1 million coins to pay for something...

Lol 😂, I get the joke boss but those guys are seriously burning that token to reduce supply. Currently, 51.5% have been burned from the 420 quad and the burning is still slow and steady.

The sadist in me saying that ven with 50% burned  there are still 210 quadrillion too many!

13
anyone care to share your view to what she is saying? 

Yeah, made-up "facts", ton of speculation without basics, posting quota videos with clickbait-ish titles and so on
Seriously check the videos, every single day there is another "revelation" that everyone was too stupid to find out until they told us about this conspiracy
Don't you think people that smart and with such intel would be doing something else than working 24 hours to make videos for youtube revenues?  ;D


Now, the next question would be: Is there anything we can do to limit the influence and power of Blackrock and similar platforms so as to minimize their impact on Bitcoin?

And with that you just killed Bitcoin with that faster than anything else including BR could!
"Not your keys, not your coins" has a brother, "My keys my decision". Bitcoin is a decentralized permissionless network, the moment you try to restrict access you kill the concept, the moment you try to limit a player influence in a free economy you start acting like a central bank or a government!

You can't have true freedom while banning someone from this or restricting his actions because you think his rights should not be as equal as yours!

Since BlackRock entered the market, we know that it will have a major negative impact on Bitcoin and its main features, namely decentralization and privacy, in addition to the fact that investors no longer own real Bitcoin, but rather shares in a central company, while BlackRock is the one who owns real Bitcoin.

And how was Bitcoin affected by this?
What stopped decentralization, their coins follow the same protocol, they can't move coins without following the consensus rules, they can't overwrite the consensus rules by holding coins!

When Salvador bought coins, wasn't that also bad?
How is Salvador buying coins good and how is BR buying coins bad?

14
I don't know why all these projects are launching tokens, maybe just to get more money

Well, you answered your own question pretty fast and nice!
There is a constant overflow of both chains and sidechain and layer right now, oversupply with limited userbase, and, that's all.
Also rebranding of failed projects  (in this case AAV) is just...meh!

Buy a few early, dump with profit, next cycle next coin, layers2 are popping like and right now, probably a sign the meme hype is dying and we need another one!

15
https://stacker.news/items/555804

Take a look at this.

The guy got it backwards
https://www.govinfo.gov/content/pkg/FR-2023-10-23/pdf/2023-23449.pdf

Quote
§ 1010.662 Special measures regarding CVC mixing transactions.
(a) Definitions. For purposes of this section, the following terms have the following meanings.
~
(3) CVC mixing. (i) The term ‘‘CVC mixing’’ means the facilitation of CVC transactions in a manner that obfuscates
the source, destination, or amount involved in one or more transactions
,
regardless of the type of protocol or service used, such as:
(A) Pooling or aggregating CVC from multiple persons, wallets, addresses, or accounts;
(B) Using programmatic or algorithmic code to coordinate, manage, or manipulate the structure of a
transaction;
(C) Splitting CVC for transmittal and transmitting the CVC through a series of independent transactions;
(D) Creating and using single-use wallets, addresses, or accounts, and sending CVC through such wallets,
addresses, or accounts through a series of independent transactions;
(E) Exchanging between types of CVC or other digital assets; or(F) Facilitating user-initiated delays in
transactional activity.

They defined mixing as using different methods in order to obfuscate the sender and the receiver one of it being single-use addresses.
It doesn't mean that using a single-use wallet or address is mixing.

Simple example: A car has 4 wheels but something with 4 wheels is not always a car!

Also, another thing, this is only for:

Quote
The parties expected to comply with the special measure one include any and all domestic covered financialinstitutions as defined in 31 CFR
1010.100(t).99 Table 1 (below)

Bank b ... c 9,850
Broker/Dealer in Securities d ... e 3,540
Money Services Business f ... g 25,710
Dealer in Foreign Exchange h ... i 190 (3,000)
Check Casherj ... k 5,960 (21,970)
Issuer/Seller of Traveler’s Checks/Money Orders l ... m 380
Provider of Prepaid Access n ... o 20 (130)
Seller of Prepaid Access p ... q 40 (2,220)
U.S. Postal Service r ... s 0
Money Transmittert ... u 450 (16,460)
Telegraph Company v ... w 0
Casino x ... y 990
Card Club z ... aa 270
Person subject to supervision by any State or Federal Bank Supervisory Authority bb ................................................................. cc N/A
Futures Commission Merchant dd ... ee 60
Introducing Broker in Commodities ff ... gg 970
Mutual Fund hh ...........



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