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Messages - TomPluz

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

« on: Today at 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: Today at 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: Today at 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: Today at 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: Today at 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: Today at 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: Today at 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: Today at 06:46:26 AM »

Quote from: Captain Corporate on Today at 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: Today at 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.

Basic Questions about Cryptos / Re: A wallet as a container of money or exchange?

« on: May 05, 2024, 01:07:57 PM »

Quote from: Doovla on April 26, 2024, 12:04:16 AM

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.

Ethereum Forum / Re: Is the ETH Bull Market Back or is Another Dip Below $3K Imminent? (ETH analysis)

« on: May 05, 2024, 12:57:51 PM »

Quote from: Stanlosky on May 05, 2024, 10:27:25 AM

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.

Reputation, Scams & Phishing / Re: Yo mix scam for 1.6 btc

« on: May 05, 2024, 12:17:51 PM »

Quote from: KingsDen on May 02, 2024, 03:28:52 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.

News related to Crypto / Re: Democratizing Investment – The Power of Asset Tokenization in Real-World Assets

« on: May 05, 2024, 11:59:26 AM »

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.