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Messages - TomPluz

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News related to Crypto / Re: US Authorities Charge Founders of Bitcoin Mixer Samourai Wallet

« on: Today at 06:12:46 AM »

This is quite expected and with the reach and influence of the US government I am sure that these two guys - Keonne Rodriguez and William Lonergan Hill - will be getting some prison terms at their sentencing day. I am seeing the possibility that the accused would settle the case by accepting the guilty for the possibility of lesser years in incarceration. With the gravity of the charge, surely they will not be getting just four months just like what CZ got recently. Now, this is serving as a big warning for other operators of similar crypto-related businesses to be always careful when dealing with residents and citizens of the United States...the risk of its government running after you can be gargantuan and running away will not solved anything as well as fighting DOJ is not worth it.

News related to Crypto / Re: Robert Kiyosaki Shares Crash Survival Rules — Warns Crash Has Begun

« on: Today at 05:25:22 AM »

One of the many things I heard from Robert Kiyosaki is the warning that there is a coming economic and financial conflagration coming for United States that will have a global repercussions similar to what transpired in 2008 that resulted in a worldwide bloodbath. Well, we might get tired hearing this warning as nobody would love thinking of the gloom and doom scenario which can upset our lives and our loved ones but the point here is that we must be prepared for any eventuality...and with Robert Kiyosaki's suggestion we can protect our wealth with gold, silver and of course Bitcoin. And whether this gloom and doom scenario can happen in USA, it is good to invest with solid assets that can withstand the changes that might occur.

Cryptocurrency discussions / Re: Crypto mining firms are facing $90 million substantial tax bill in Sweden

« on: Today at 04:58:26 AM »

In my view, this can be a little bit of a technical problem where both sides - the miners and the government - are not in agreement on how to properly compute, report and pay the right amount of tax. Of course, we all understand that cryptocurrency mining is a big business and must be treated as such...surely this is not anymore a hobby of an enthusiast who is just trying things. I am sure the Swedish government is requiring operators to fully register and must be transparent with everything they are doing and so when all records are scrutinize there are discrepancies found. The best thing to do here is to ask the government for a possibility of a compromise as $90 millions can be a hefty sum to pay for these affected 21 crypto miners. On the part of the government, they should make things so clear from hereon how to do taxation so there will be no similar issues later. We all know that the government is always looking for the correct amount of tax to be paid by business owners and it does not matter if one is into cryptocurrency or not. Everyone has to pay their fair share of taxes.

Bounties & Rewards [BOUNTY] / Re: ✅[BOUNTY] ✅ Anaphora AI -Listed ✅ $30K Rewards ! 2 Week Campaign ✅ESCROWED✅

« on: Today at 04:46:14 AM »

Bitcoin News & Updates / Re: EU is set to delagalise decentralised mixers

« on: May 07, 2024, 01:38:04 PM »

Quote from: pawel7777 on May 02, 2024, 07:13:31 PM

As far as I understand all this, offering mixing services will be illegal, but using such services will not be outlawed.

It means we can still use those mixing services but since operators are not allowed to provide such services then we will be left with no other option but to surface above and not anymore enjoy a greater level of anonymity. Actually this move by the European Union is nothing surprising at all as even the United Sates is also at war with Bitcoin mixers and many had been charged with money laundering charges before. I am expecting that there will be more restrictions coming from EU as it is at war with privacy in the name of going after funding for terrorism and again money laundering practices. What is so clear here is that the government is really at odds with anything that empower the people away from the prying eyes of them and they hate the idea that control has been reduced due to crypto-related technologies and options. Unfortunately, there is no stopping with this war and will only escalate for more.

Bitcoin News & Updates / Milestone: Bitcoin Network Surpasses One Billion Transactions

« on: May 07, 2024, 01:17:20 PM »

Quote

The Bitcoin network has hit a significant landmark, processing its one billionth transaction. This milestone comes 15 years and four months after the genesis block of Bitcoin was mined on January 3rd, 2009.

Bitcoin has processed transactions at an average rate of 178,475 per day, showcasing its capacity to handle substantial volumes securely without the need for centralized intermediaries. Despite initial skepticism regarding its utility, Bitcoin now processes daily transaction volumes comparable to those of major payment companies.

This achievement follows Bitcoin's recent record high of over $73,000 in March 2024. Increased network activity has been stimulated by the excitement surrounding the latest halving event. On April 23rd, Bitcoin set a single-day transaction record, exceeding 926,000 transactions. Although transaction volumes have since decreased, the network continues to process over 600,000 transactions daily as of May 2024.

In its 15-year history, Bitcoin has facilitated one billion transactions, demonstrating its resilience and capacity for large-scale operations.

Red more of this development here: https://www.btctimes.com/news/bitcoin-network-surpasses-one-billion-transactions

What can you say with this another big milestone of Bitcoin? As for me, this speaks volume of Bitcoin as a payment network pushing aside the narrative that it is not viable compared to other centralized platforms. Young as it is, there will be more developments and innovations that can make Bitcoin more attractive as a platform as well as asset. Looking forward to see it process its 2 billionth transaction many years from now!

Bitcoin News & Updates / Re: Jack Dorsey Commits $21 Million to Bitcoin Development Efforts

« on: May 07, 2024, 01:10:02 PM »

This is a very good move by Jack Dorsey who is one of the well-known supporters of Bitcoin and let's hope that with this huge donation it can make Bitcoin more progressive and more attractive to the mainstream population. With continuing developments funded by people who are strong believers in the powerful and game-changing potential of Bitcoin, the King of Cryptos will eventually evolved to be what the people are looking for in an empowering cryptocurrency most especially in today's ever changing era. We should be thanking Jack for his initiative and generosity and hopefully there will be more to be encouraged to do the same.

Philippines (Tagalog) / Re: Bitcoin Stocked sa 63k

« on: May 07, 2024, 01:02:04 PM »

Walang masyadong good and influencing developments sa merkado na pwedeng makatulong sa Bitcoin para mas lalo itong lumipad paalis sa $63-64K zone pero sa tingin ko naman eh mas maigi na rin ito kaysa mas bababa pa sa $60K na nangyari mga ilang araw ng nakaraan. Sa katunayan nasa bouncing back ito ngayon...sana lang eh wag na bumaba pa at magpatuloy patungong $65K sa susunod na linggo. dito sa published article sa Bitcoin.com ay sinasabi na talagang aabot sa $150K and BTC na maaring mangyari sa 2025 pero sa tingin ko kung maging maganda ang merkado eh baka sa katapusan ng 2024 magkatotoo na ang prediction na ito. Ang mabuti nating gawin ay mag-ipon ng Bitcoin hanggang kaya natin samantalang di pa sya umuusad patas masyado. Ang problema nga lang kung wala na tyaong pera pambili kaya sana ol na lang hehehe.

Bitcoin Forum / Re: Hal Finney and his contribution to the development of Bitcoin

« on: May 07, 2024, 08:27:58 AM »

Among some well-known personalities that got associated with Satoshi Nakamoto and Bitcoin, Hal Finney is a giant name that will always be known for his many solid contributions to the eventual development of this digital currency...and the whole cryptocurrency industry salutes and recognizes the man as one of the those who paved the way for Bitcoin which the whole world is now using and enjoying. No wonder that there are those who are still suggesting the idea that the real Satoshi Nakamoto is no other than Hal Finney himself and in this case we would not anymore see and witness the possible comeback of Satoshi as Hal is already dead. On the man's birth anniversary, let's all remember with gratitude Hal Finney as a hero for Bitcoin and the whole cryptocurrency industry where we are deriving many benefits from.

News related to Crypto / Re: BTC-e Operator Alexander Vinnik Pleads Guilty to Money Laundering Charges

« on: May 07, 2024, 08:03:00 AM »

I can still remember that I once used this BTC-e exchange platform when I was then a newbie in the cryptocurrency industry and then later I just saw in the news that it was confiscated by the US government for operating an alleged international money laundering scheme which has now become the usual charge operators will get when they get into legal battle with the DOJ. In its early years starting in 2011, BTC-e was one of the most known exchanges especially for Bitcoin and I understanding it got a good share of the expanding market back then even if its focus was primarily the Russian market. Now, the big lesson here is never do any business with people of the United States not unless you are allowed to do so, otherwise you would be facing jail time later as shown now with what happened with CZ of Binance. I am wishing Alexander Vinnik and hope he gets a lenient sentencing soon.

News related to Crypto / Re: Nigeria Mulls Over Banning P2P Crypto Transactions

« on: May 07, 2024, 07:26:03 AM »

This is just another sad development in Nigeria which is considered as one of the top countries in the African continent where more and more people are getting into the cryptocurrency business. Since the government has become a rabid enemy of cryptocurrency and with the recent actions against Binance executives who visited the country for possible talks but were instead arrested, things will only get a lot worse from here on. With this backdrop, I am suggesting that the government instead pass a law totally banning cryptocurrency for good just like China or totally regulate the industry dictating on what can be allowed and not allowed. Sadly, the government has been blinded with its assumption that cryptocurrency is an enemy and will not be contributing for the good of the country's economy and the people.

News related to Crypto / Re: Class Action Lawsuit Claims Coinbase Operates as Unregistered Broker

« on: May 07, 2024, 06:46:26 AM »

Quote from: Captain Corporate on May 07, 2024, 12:12:44 AM

Doesn't make sense at all, but usually when people lose money because of their own stupidity saying "I am stupid and that is why I lost money" is a very hard thing to do, so they start blaming others, it is human nature.

In essence, this class lawsuit can be summarized this way: "We are stupid and have not used our critical thinking when we bought those digital assets and then when we lose money, it must be the fault of Coinbase so we need to be refunded." Now, while I understand that there is really a big problem with Coinbase as it is operating right in the heart of USA which is not a crypto-friendly country and maybe must have cooperated to the highest level with the government so as to avoid getting into legal skirmishes, if this suit will be successful this can open up a Pandora's box and the repercussion can be game-changing and can mean that no exchanges will anymore operate within the legal jurisdiction of the country. I do agree, that essentially, this case is an admission of stupidity and that stupidity must be rewarded a lot by the law and the court, that is if we go with the reasoning of these crypto investors who filed this new class action lawsuit.

Gambling discussion / Re: How did the gambling life Start?

« on: May 07, 2024, 06:27:30 AM »

Quote from: Power420 on May 05, 2024, 03:52:19 PM

I am present to gamble for a long time without becoming addicted. So how did your gambling life begin?

I would say I admire that you are into gambling and yet you are not addicted and that means that you are still in control of yourself and have not allowed gambling to be dictating your life, instead you controlled your gambling hobby in the way you want to be. As for me, I am not a big gambling aficionado but here in my country gambling - legal and illegal types - can come in many forms so there is always that chance that anyone can gamble in one way or another. Right now, the most famous is the national lottery where one can win millions, if you are the lucky one. In addition, there are also lotteries with more chances to win but comes with less amount of money to win. Of course, since many people love to gamble, there are also those who are going from one neighbor to another promoting a gambling system not sanctioned by the state and in the past I used to participate with it as one can gamble even with a very small amount. Right now, there are now many apps available in smartphones and one can easily gamble away if one has the money and the desire. I know that gambling can be addicting so I decide that gambling is not actually for me and I prefer to use the budget for foods and other necessities especially these days when inflation is roaring its head tremendously.

Bitcoin Forum / Bitcoin: The Most Beautiful Currency in the World

« on: May 05, 2024, 03:40:17 PM »

With all the many things we can say on Bitcoin and the revolutionary benefits it is offering to all people that can game-change many areas like finance, money, banking and so much more, we can describe it either as what others are saying it is or in a more personal level we can describe its attributes as it has become like a force in our lives.

In a recent interview with Tether’s CEO, Paolo Ardoino, in Dubai, he somehow encapsulate what Bitcoin is in a very artful manner beyond the many technicalities involved and just simply summarize Bitcoin in a way all of us can easily imagine: "Bitcoin is the “most beautiful currency in the world.”

Aside from the many things why Paolo Ardoino called Bitcoin as such, what do you think can be your own reasons why Bitcoin is something beautiful today and in many years to come?

Cryptocurrency discussions / Re: Does proof of reserve affect token prices?

« on: May 05, 2024, 03:15:44 PM »

Quote from: Joseph Lee on May 05, 2024, 02:38:17 PM

I simply want to understand the underlying reason behind all this excitement. Does it have any influence on the tokens listed on the cryptocurrency exchange or the BGB token itself?

I think there is a big correlation between a solid and verifiable Proof of Reserve (PoR) and a coin/token price in the market. We have to remember that everything is about demand and supply...and demand can be influenced by a lot of factors. People like traders and investors would tend to buy and hodl digital assets that they think really represent value and can be here today and into the future...meaning there must be a business that is doing well in the market. And this can be true with your example above which is BGB of Bitget.