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Messages - TomPluz

Pages: [1] 2 3 ... 281
1
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.

2


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.



3


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.

4
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.


5
Gambling discussion / Re: How did the gambling life Start?
« on: Today at 06:27:30 AM »
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.






 

6
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?




7
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.


8
I come to the question when I have to make such an important decision, should I choose the first or the second option, which is better and safer for you people? How long do you leave it on that option?

Better and safer will always be choosing a non-custodial wallet rather than relying on an exchange (no matter how good, big or solid an exchange is) in storing your digital assets. This topic is always discussed whenever cryptocurrency is involved and newbies should understand the key concept of "not your keys, not your coins" well in connection with this subject matter. As far exchanges is concerned, they are good for "exchanging" or converting your assets into cash like using a P2P option...and that is why it is called as an "exchange" and not a storage. Right now, we already have good non-custodial wallets around and you just have to take a choice. Now, the next question should be: What can be the best non-custodial wallets one can choose from? Just look for that matter within this forum and I an sure you can be guided accordingly.



9
Ethereum’s price is yet to continue its uptrend following a rejection from the $4,000 resistance level. But the bulls are now showing signs of strength, perhaps staging a more considerable recovery.

Ethereum’s price is yet to continue its uptrend following a rejection from the $4,000 resistance level. But the bulls are now showing signs of strength, perhaps staging a more considerable recovery.

It is evident that the funding rates have significantly dropped compared to a couple of months ago. Low but positive funding rates can be interpreted as a bullish signal, as they show that while the futures market is not overheated anymore, the demand is still there, and the price can soon rally higher.

This piece is taken from here: https://cryptopotato.com/is-the-ethereum-bull-market-back-or-is-another-dip-below-3k-imminent-eth-price-analysis/

Next time, OP please make sure you are also including the source of the material you posted in this posted so we will not be known as a plagiarism forum. Talking on Ethereum, just like many of its holders and supporters, I am more inclined to believe that it would eventually be back around $3500 though getting  back into the $4K level can be an uphill climb. When it touched below $3000, I was taken a little bit surprised but am still looking at its fundamentals and then I know that it would be bouncing back to where it was days ago and then maybe in the next few weeks get back it its pre-halving station. Just like Bitcoin, Ethereum remain to be strong and if ever the time will come for the approval of its ETFs we can see it surge even more than $5K which can be a big step towards its rightful price of $10000 which should be happening in 2025. Now, be aware that this just my speculative view and anything can happen in the market as there are many unforeseen forces working for and against any traded asset.






10
Reputation, Scams & Phishing / Re: Yo mix scam for 1.6 btc
« on: May 05, 2024, 12:17:51 PM »
I also think that 1.6BTC is a big some to try to mix at a time. Dividing the fund into 3 and mix differently would have been a good option.

I would have done the same thing if I am using a Bitcoin mixer as transferring 1.6 BTC is quite big and with the risks involved if something bad may happen the loss can be staggering. The transaction should have been divided into parts...or better yet get into a mixer with a far better reputation and with very positive testimonials just like those who are advertising in this forum. I once became aware with Yo Mix while in the other forum but I never transacted with them in the past. I am hoping that eventually OP can get back his 1.6 BTC and everything can be fine. This is one of the many possible risks we are all facing when transacting online most especially in the world of cryptocurrency and related sub-industries so our mindset should be to avoid loss as much as we can and limit our exposure to them.



11


In the past years, I have been reading of the big potential of tokenization of Real world Assets (RWA) ad how this represents a new wave of opportunities for ordinary, low-key and small investors like you and me to get into prime assets even with our limited resources. Essentially, RWA tokenization is opening up access to broader capital base for these established assets as well as for the people to take advantage of these opportunities regardless of economic status and standing. I am sure that in the next few years, RWA will be taking the market by storm as these tokenized assets really represent real, solid and verifiable value that maybe be lacking in the cryptocurrency market. As what the article states: "It heralds a fundamental shift towards a more equitable financial landscape that will attract and welcome investors of all classes of wealth." And, of course, this is something that we need to participate of as a way to diversify our investment exposure.

12


This can be a good partnership that bodes well with people based in USA who are using PayPal as they can now easily get into their favorite cryptocurrency with less hassles. Marking as another milestone for PayPal with its intent to be a good player in the expanding cryptocurrency business, let's see how its customer base will be reacting to this option. As one of the most known payment platform all over the world, PayPal has just realize that the market and landscape is changing and they need to stake a presence in the crypto business, otherwise they can be left behind and be kicked by new, energetic and innovative competitors on the field.

13


This is an amusing comment: "This definition is so broad that if you plugged your cold wallet to a PC via a USB cable that hooks into a frying pan, the frying pan would constitute a financial institution."  I would say that indeed the kind of definition that DOJ is using for money transmission belongs to the age of dinosaur and is not quite fit with the current situation most especially in the era of cryptocurrency and the blockchain. Now, in case DOJ will be successful in pushing for its definition, this can have a large impact on the whole cryptocurrency business and can put many platforms and personalities in jeopardy. One of the many grounds why some people are feeling that the government is really doing an overreach and using lawfare but basically they are ignorant of how things are working with the industry we are in.


14

This can be another warning publication of the big possibility that the US economy will be undergoing rough and tough journey ahead most especially in 2025...and this can be based on many weaknesses that remained not fixed since many years ago and even got worse these days.  Surely, under a gloomy economic scenario for this superpower nation, assts like gold and silver will be playing their "safe haven" role. Now, I am actually wondering where will Bitcoin and cryptocurrency will be coming in on this situation. Considered as the digital gold, will Bitcoin also be experiencing its unprecedented rise in price...the race to the million mark be finally happening? Well, at this junction, we can only speculate and if one has the money then start buying gold, silver and Bitcoin just like Robert Kiyosaki has had been saying all these years.

15


I think CZ is right with his perspective that the cryptocurrency industry is now entering a new phase where compliance and the role of the government are taking the centerstage. In other words, there is now nothing we can do that the government will not be involved somehow, someway. and this should be the time for the industry to think hard as the government will not go away no matter what we do...they are here to stay so there is no choice but to comply and even partner with the government so that platforms can continue doing business and never be prosecuted and like CZ meted a prison time sentence.  Anyway, I am still happy that CZ got only 4 months which is significantly lower than what the government prosecutors were asking the court. Four months can easily fly and soon he will be out with all the lessons learned...and enjoy a comfortable life somewhere with his loved ones as he is surely a very rich man.

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