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Messages - bitmover

Pages: [1] 2 3 ... 41
1
USDC Forum / Re: USDC and USDT
« on: Today at 09:12:43 PM »
Circle, a USDC issuer, plans to move its legal headquarters from Ireland to the U.S. amid an upcoming IPO.

P.S. Brave guys, such actions really speak volumes. Not every major campaign would do something like this.  8)

Source link: https://www.bloomberg.com/news/articles/2024-05-15/usdc-issuer-circle-to-make-us-legal-home-ahead-of-ipo

I think the future of centralized stable coins is the regulation  . There is no escape. They will all have to fit in the regulations...

Usdc looks to be the safer of all of them, and the most regulated.

Usdt looks to be facing some legal problems already in Europe

2
In the part about censorship resistance, he drops this gem:

Quote
Maybe in a few years, we will come to the conclusion that we should separate money from the state for the same reason we separated the church from the state

I don't know how it is in other countries, but here in the EU, many countries have contracts with the Vatican that guarantee that the states pay the church every year sums of money that are not insignificant. I think that the Catholic Church in my country receives somewhere around EUR 40 million from the state budget every year.
In Brazil, churches do not pay any Taxes at all


Quote
No matter that the idea seems interesting, I wonder who would control the finances in that case - because if there is no central bank and other regulatory institutions, what would the financial system of a country look like?

Bitcoin.

There are some countries which uses usd directly. Panama, Ecuador..  so, it can workout without a central printing.

3
As there are no free money in cryptocurrency
I think the only place in the world where you can find free money is in crypto.

There has been a lot of opportunities of free money in the past. Airdrops which were worth thousands, bitcoin forks, etc...

4
Bitcoin Forum / Re: The anti-mixer arm of Congress
« on: Today at 04:29:15 PM »
Well, USDT doesn't have any sort of privacy at all and is not a coin I will be shedding any tears over if it gets banned. DAI is the better usd-pegged stablecoin with no asset freezing feature.

That's true, but it's no secret why stablecoins are so popular - because they can be transferred very easily and cheaply, and many people use USDT in the EU for this very reason. I don't think it's a coincidence that mixers and stablecoins are banned at practically the same time when something similar is happening in the US.

I think it has some privacy.  Better than using a bank (in privacy)
For example, you can pay me 200 USD without knowing my real name or bank account. The only other way to do that is buy using cash (or other crypto currency).

5
Bitcoin Forum / Re: The anti-mixer arm of Congress
« on: Today at 01:00:23 PM »
The government always hates the privacy. They want to know everything about the citizens. Meanwhile we are fighting for the right of privacy. Crypto world offers the privacy, it is against the government. So, it is not surprising if the government dislike mixer services. The want to control everything, including the ecosystem of crypto business.

They want to know everything, that's true. I'm not sure that they will actually use all that data though.

They won't use all data of everyone. But they want to have it available in case an individual is suspicious of "money laundry " ow whatever...

6
Well, I have been spreading awareness everywhere about phishing; unfortunately, I was the victim last night when an email was phished at midnight, and I did not have access to my desktop or laptop. I did not doubt the email because it was exclusively for airdrop farming. Since I was on my mobile, I did not check that email's URL and sender. I clicked on the link and went ahead and connected the metamask wallet. It takes only a few seconds to drain my entire wallet. Fortunately, The contract did not drain all the chains. The blast and Arbitrum chains were drained, and the ETH and Avalance chains weren't affected.

Sorry for your loss. Everyone can make a mistake.

I avoid keeping more than a few bucks on my mobile wallets. At most the price of the phone (my personal limit)

I don't have metamask in my mobile, just in my desktop. Maybe it is a good practice,  to avoid interacting with smartcontracts in the phone

7
Technical Discussion / Re: How viable is PoW for new coin?
« on: Today at 02:14:37 AM »
Which is why some altcoin users then share their database, to avoid the whole painful process of verification (or, users can use only SPV nodes, but still, someone has to run a node, to serve them properly).

Interesting post.

I think not many people run nodes for pow altcoins.

Exchanges probably do, as they shouldn't trust a third party. But I don't see why regular people would run a litecoin node or a btg node for example.

8
Campaign manager is 1 route to go, but the company could also do a review campaign. A manager can help with that as well, but isn't always needed. Companies can research and do this on their own if they have a little sense.

I like reviews campaigns. I have participated in many of them, and sometimes I continue to use the service afterwards

Projects only pays for positive reviews, which is why they rarely assign this work to a reputable campaign manager who will pay for honest ratings (poor or good). .

I have made dozens of reviews in bitcointalk. They always paid me correctly, and there wasn't an "positive review' obligation.

I think most services even like when you govee constructive feedback, as they can improve.

9
Campaign manager is 1 route to go, but the company could also do a review campaign. A manager can help with that as well, but isn't always needed. Companies can research and do this on their own if they have a little sense.

I like reviews campaigns. I have participated in many of them, and sometimes I continue to use the service afterwards

10
In the part about censorship resistance, he drops this gem:

Quote
Maybe in a few years, we will come to the conclusion that we should separate money from the state for the same reason we separated the church from the state
This is also what Satoshi wanted when he created BTC: a currency that is not dependent on any individual or organization. However, this is quite difficult to achieve for many reasons, and at present we do not see BTC becoming a currency, it is still considered a commodity, asset or investment related to technology.

I use it a lot as a currency.

As payment for campaigns. As a webdev I receive payments in btc many times.
Some years ago I wrote in a news website which paid me in btc as well. I think it works very well as a currency.

Maybe not so good to buy a coffee, but it is a currency.

11
Technical Discussion / Re: How viable is PoW for new coin?
« on: May 13, 2024, 07:07:33 PM »
I think most new coins don't get attacked because what is left of miners is desperate to keep them alive, but in reality, their protection against someone willing to do harm is minimal.

I agree. New pow coins and all btc forks are not safe.

Miners dont attack because it isnt profitable for them usually, unless they make a very profitable double spend over an exchange.. which is also problematic,  because they would be committing a crime and they could have problems to spend/clean those coins. And the value would also drop... making the attack less profitable

12
~snip~
...people should use DAI instead of USDT in my opinion (EU users, be careful USDT will be banned in June for the whole EU).


I didn't know that the EU geniuses would do it, but it has been a big wish of some people from the ECB for years, especially their chief CL, who otherwise has a similar position on cryptocurrencies as, for example, the well-known SEC chairman. Given that I do not use stablecoins, this decision will not affect me, but it is really funny to me that they are fighting in such radical ways against everything they consider a threat to the euro - but they are obviously learning from their political brothers across the big pond.
They feel threatened at least for the Euro, so they decided that it is best to ignore the problem.  :o The old school of politicians really needs to retire, they have a hard time adapting.

Even users who do not hold usdt can be affected. I think stablecoins are among the best altcoins out there.

Stablecoins are a convenient and somewhat private (more than banks). I have received a few times as a webdev, and converted to btc.

13
Prediction 2: 62929
Bech32 bc1q8jr7cf3lgp64xsntx69m0l6z4acd7ryynua8ak

14
Great job buddy, those guys often shit their announcement thread with alt accounts to get some attention but they don't understand that newbie accounts aren't trusted by anyone and even if the continue shilling the thread it won't give them desired results.
It's probably an old technique to use the SEO power of the host (forum in this case) as a result when someone searches for a certain service and gets a lot of positive feedback. It can be difficult for someone from the outside to distinguish fake from real comments because they probably don't understand the hierarchy of the forum.

I this is not just SEO. It will also create fake reviews , giving a false authority to the service which isn't well established yet.

A good company could hire a campaign manager to properly handle the community

15
I always find it very good to listen to Antonopoulos.

It had been a while since I heard anything from him, and today I came across this very cool video that I watched again

Five pillars of open blockchains
eature=shared

In the part about censorship resistance, he drops this gem:

 
Quote
Maybe in a few years, we will come to the conclusion that we should separate money from the state for the same reason we separated the church from the state

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