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Showing 20 of 37 results by LSDadventure
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Board Beginners & Help
Re: Reason for acquiring bitcoins.
by
LSDadventure
on 14/07/2024, 02:36:56 UTC
Quote from: Franctoshi on July 13, 2024, 06:11:55 PM
But to me aside all this other reason I have made mention, One other major reason is because of the freedom it brings unlike the traditional way fiat currency system that is completely centralized and controlled by the government.
You only can have it if you don't handle your ownership and control to any party like centralized exchanges or custodial and close source wallets.

To achieve what you wanted to have, you must use non custodial wallets, and it needs to be open source too. Then create your wallet, back up your wallet seed phrase, private key, and the backup can be used for recovery. You will have complete control of your bitcoin, UTXO and transaction and won't depend on governments, central banks, centralized exchanges.
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Board Bitcoin Discussion
Re: BTC Now Official Currency in Lugano: Another Milestone for Cryptocurrency
by
LSDadventure
on 05/04/2024, 01:56:14 UTC
Quote from: TheVeteranAngel on April 04, 2024, 05:16:47 PM
While El Salvador made headlines by legalizing BTC as a payment option, the recent decision in Lugano, Switzerland, allowing citizens and tourists to transact in BTC—including tax payments—signals further mainstream adoption. This news is undoubtedly welcomed by crypto enthusiasts, with hopes for more nations to follow suit.
It is a good legal adoption for Bitcoin in Switzerland, at least in Lugano. It's another good adoption for Bitcoin in a European country and it can lay down foundation for Bitcoin legal tender in Switzerland in future.
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Topic
Board Economics
Re: "Various aspects of Bitcoin and crypto economics"
by
LSDadventure
on 03/04/2024, 02:16:03 UTC
Tokenization is a good migration and intersection of Traditional Finance with Cryptocurrency market, Blockchain technology to bring more seamless experience to investors and at the same time, give them more transparency too.

With investors, nothing is more important than transparency of data, stocks or token holders and distribution of a company's stock/ token. With transparency, investors will have more valid data to assess and make their decisions more accurately.

Without tokenization, RWA, they will have to rely on reports from companies and it is clearly that reports from companies can not be trusted. Investors can be fooled by company reports.
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Topic
Board Bitcoin Discussion
Re: Is the newly minted USDT, a driving force to surge of BTC ?
by
LSDadventure
on 11/03/2024, 06:04:22 UTC
Bitcoin has its market with buyers and sellers. In this market, there are buying and selling demands and price rises if demand on buying is bigger than demand on selling.

Minting Tether USDT stable coin gives the market a new source of capital, that will be used in the market. It is logic to think new USDT supply will be used for buying and price will rise consequently.

If they need to dump the market, they don't need to mint more USDT stable coin.
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Board Altcoin Discussion
Re: Which ICO in 2017-2018 left the strongest impression on you?
by
LSDadventure
on 27/02/2024, 10:35:12 UTC
I wonder how many ICOs failed and those projects died.

How Many Cryptocurrencies Have Failed?
Quote
Why Do Cryptocurrencies Fail?

Saturated market.
Lack of liquidity.
Inexperienced teams.
Scams.

Lack of monetization.
Every cryptocurrency project requires funding to remain operational. Early funds are often used to pay for developers and marketing so that a project can get off the ground. Thanks to Initial Coin Offerings (ICOs) and incubator platforms it has never been easier to generate funding for a project from both private and public investors. However, private and public investors need to eventually see returns from an initial investment. If a project fails to generate lucrative profits, investment funds can quickly be pulled and a crypto project can easily fall by the wayside.

They have incapable teams to develop products, use cases, utility and bad management for their project operation. Cost its up total fund they raised and they abandoned those projects.
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Topic
Board Speculation (Altcoins)
Re: Layerzero Speculation airdrop
by
LSDadventure
on 19/01/2024, 01:40:03 UTC
Quote from: libert19 on January 16, 2024, 12:18:53 AM
The way Layerzero is massively farmed, I feel they will invent some new method to filter out sybils, and we we'll only know that when they publish the criteria, or if they go with something generic farmers gonna receive peanuts. I drift towards former more tho.

Also I feel, Layerzero is farming the farmers.
I did not know about Sybils, what is this exactly?

And how Sybils filter can affect airdrop farmers?

I see people have to make on chain transactions so if their total volume of swapping and on chain transaction count and maybe other critieria meets, they can be eligible for airdrops.
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Topic
Board Bitcoin Discussion
Re: Another attempt at Bitcoin ETF..You knew it was coming once BTC raised above ATH
by
LSDadventure
on 07/01/2024, 11:30:24 UTC
Quote from: rdbase on January 04, 2024, 11:56:10 PM
https://talkimg.com/images/2024/01/04/sMr35.jpeg

That is the one I was referring too @rohang

You might also remember him as the one with the now famous line from a tweet awhile ago too:
https://www.reddit.com/r/Bitcoin/comments/60xi1i/jihan_wu_cofounder_of_bitmain_studied_economics
the tweet had since been deleted from which it was posted in 2017
https://twitter.com/jihanwu/status/731902686379933697

Jihan Wu is a man behind Bitman and he supported a scam team with Roger Verr, Craig Wright who want to be recognized by community and government as Satoshi Nakamoto.

I don't trust this man.

Also Wu wiped out his engagement in any report from his company Matrixport by saying that the company has many departments and many staffs who are responsible for collecting information, writing reports. He is not responsible for it and not engaged in approvals of those reports before publishing.
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Topic
Board Economics
Re: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’
by
LSDadventure
on 07/01/2024, 09:49:52 UTC
Investors in MicroStrategy will think like they might have double ROIs by holding the stock.

Because
If they simply buy Bitcoin, they will have only one profitable asset, bitcoins in their wallets.
If they buy MSTR, they will have two profit sources: one from bitcoin and another one from MSTR stock. Because MicroStrategy is a company that provides other products which can bring benefit to their company and investors. Bitcoin is not the only one product MicroStrategy has.
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Board Altcoin Discussion
Re: Continuous Launchpool on Binance
by
LSDadventure
on 06/01/2024, 04:01:15 UTC
Quote from: JariKriting on January 05, 2024, 02:54:01 AM
the results obtained from launchpool on binance are small. so if the size of good profit from the amount of profit earned is clearly not good profit.
more profitable stable coins like USDT return and revenue is greater than launchpool
Could you explain more please?

I saw many tokens listed on Binance, were picked to Binance Launchpool, pumped crazy after their listings. Profit for people who bought those tokens before listings is not small.

Any hidden secret to join Binnance Launchpool and get profit?
Any risk?
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Topic
Board Altcoin Discussion
Re: Continuous Launchpool on Binance
by
LSDadventure
on 04/01/2024, 05:51:29 UTC
I heard that if you have tokens of projects in Binance Launchpool, you can get good profit.

I see charts of those launchpooled tokens have massive strikes but months later they have very deep dumps. People seem to fomo buy at token listing time, in early hours and hope they will get rich quick. Fact is behind, they will be poorer in later months if they can not get rich quick in early hours.
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Topic
Board Altcoin Discussion
Re: Future of privacy coins and tokens?
by
LSDadventure
on 30/12/2023, 06:34:26 UTC
Quote from: jrrsparkles on December 29, 2023, 11:45:38 AM
More than 20 trading pairs will be delisted next week as they no longer meet the crypto exchange's listing criteria.

Privacy tokens dash (DASH), monero (XMR) and ZCash (ZCH) slumped as much as 10% as prominent crypto exchange OKX said Friday it will delist their trading pairs on Jan. 5.
Centralized exchanges are fearful about newest fierce wave of regulations against mixers and privacy coins. They don't want their exchanges will be in legal case and will have to make deal with DOJ. for a settlement with very expensive legal fee like Binance and CZ did.

Those cryptocurrencies you wrote are coins, not tokens.
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Board Beginners & Help
Re: Some tips to help protect yourself from crypto scam
by
LSDadventure
on 26/12/2023, 13:43:53 UTC
Quote from: Barikui1 on December 25, 2023, 04:44:57 PM
(5) Use trusted exchange and wallet.
There is no trusted exchanges. If they are centralized exchanges, you can not trust them with your money.

Wallets must be self custody, open source and have good reviews and history.
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Board Gambling discussion
Re: UEFA Champions League 2023/24 Season
by
LSDadventure
on 14/12/2023, 03:31:03 UTC
Quote from: Oneandpure on Today at 01:36:40 AM
The 16 teams qualified on 16 round

Ligue 1
  • PSG
PSG got the ticket with help from AC Milan and with a goal of a very young midfielder. Mbappe did not have a good match but he and PSG were rescued by the young player Emery.

Mbappe got a chance to have a goal but a Dortmund defender's Sule made one of most impressive defense moments in history. There are memes that take his defensive moment as a new logo for Bundesliga.
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Topic
Board Scam Accusations
Re: 🚨🚨Kyberswap Exploited || Remove LP and Revoke wallet
by
LSDadventure
on 23/11/2023, 11:02:46 UTC
Quote from: Gladitorcomeback on Today at 01:44:03 AM
some days ago Poloniex exchange faced issue
Did hackers use hacked money on Poloniex to pump TRX days ago?

Quote
For Revoking use revoke.cash and revoke above address
Revoke Smart Contract Approval and Access with
3 Minute Tips: How to Revoke Token Approval Following Opensea’s Latest Security Episode
https://revoke.cash/
https://app.unrekt.net/
https://etherscan.io/tokenapprovalchecker
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Topic
Board Beginners & Help
Re: How to verified My Binance Account?
by
LSDadventure
on 17/11/2023, 02:16:57 UTC
Quote from: Pattaya on Today at 01:55:59 AM
I want to verify my exchange account.
Many people will say that you can verify by searching YouTube or Google but I am not interested in that.
I want to learn from our experienced and senior brothers in this forum and know how to get my Binance account verified easily and quickly.
If you want to verify your Binance account, you have to do it on Binance.

How to verify your Binance account?
No better place to find guides for it than Binance, Identity Verification that has many guides and videos to for you to go step-by-step for identity verification on Binance.

I don't know how you thought you can verify your Binance account through Youtube or Google?
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Topic
Board Economics
Merits 1 from 1 user
Re: Swiss Franc become a new Cryptocurrency ;D
by
LSDadventure
on 07/11/2023, 11:40:02 UTC
⭐ Merited by Jawhead999 (1)
Quote from: goldblumandpartners on Today at 11:32:01 AM
The Swiss National Bank has launched a program to digitally transform the Swiss Franc into Cryptocurrency.
Five banks are participating in the experiment, including UBS (Credit Suisse went bankrupt, as we know).

https://goldblum.ch/news-and-media/swiss-franc-is-becoming-a-cryptocurrency
Many countries want and plan to build their Central Bank Digital Currencies CBDCs. Swiss is only one of those countries, not the only country.

https://cbdctracker.org/
https://www.atlanticcouncil.org/cbdctracker/
https://cbdctalks.com/

With the first website, you can use their table and sort countries by Announcement Year column.
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Board Economics
Re: Us-Based Crypto Exchange Kraken to release significant data to IRS
by
LSDadventure
on 31/10/2023, 10:24:16 UTC
Centralized exchanges have to obey to many laws, regulations as well as request from governments and regulatory institutions to keep their business running.

It's a matter of time for a centralized exchange turns on their Mandatory KYC policy on their platform.
Under pressure from government, they can satisfy government by leaking data of their users.

We all know about that risk so it is not a shock news if Kraken exchange do it to the IRS.

Why KYC is extremely dangerous - and useless?
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Board Bitcoin Discussion
Re: Blackrock ETF Discussion
by
LSDadventure
on 26/10/2023, 06:53:10 UTC
Quote from: Tytanowy Janusz on Today at 05:41:36 AM
It disappeared, but only for a few hours. Now it is visible again.

https://www.dtcc.com/products/cs/exchange_traded_funds_plain_new.php

It is possible that this was a form of deliberate manipulation. The main question - who lists ETFs on this list and based on what criteria? You will find the answer to this question and you will have an answer to how important this entry is.
They tried to say it was there since August this year, to clear the fud and attack against their service.

But it's hard to believe that the iBTC ticker was there since August and no one knew about it till October.
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Board Economics
Re: Is there a formula for Bitcoin starters?
by
LSDadventure
on 22/10/2023, 10:20:51 UTC
Quote from: Pablo-wood on October 21, 2023, 05:41:12 PM
Starting Bitcoin investment with little capital will be very challenging mostly if that happens to be the major survival option of the investor. And in cases where the investor plans on using the proceed to solve their needs they might end up selling when the price have dropped just to settle the pressing need of that time.

As experienced investors are there measures that can be imbibed by new investors with little capital to help boast their capital. Some will want to mention patience which I will agree to but in situations where the money is needed to meet an emergency need how to you tackle such situations. Your formula might be a saving approach.
We can not know about future and I agree with you that our plan will save us.

A safe plan is never use 100% money for investment even it is an investment in Bitcoin.

My plan is using 70% of my money for investment, 20% for life expense and 10% for emergency.
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Board Economics
Re: Early Retirement [Pros and Cons]
by
LSDadventure
on 21/09/2023, 11:22:20 UTC
Quote from: xSkylarx on Today at 10:59:59 AM
If you are retired you will be receiving a pension which is close to your salary or even more that is why are others really wanting to retire. I'm not sure where you live but mostly I've noticed that employees want to have an early retirement as their pension is close to their salary and they are not doing anything.
Money you got from your retirement in pension is not closely to your full salary when you still worked in office. If you had very good job before retirement, received very high salary, you will get good pension after your retirement.

If people had bad jobs, low salary, they will receive low pension after retirement. It's opposite pension rate and can make life of those elderly a little bit harder.

Quote
Most of the reason why people are back at work is that they are just bored and they are used to doing work this is like your grandmother that they can't just sit and watch TV all day as they want to clean the house and do other stuff, so that is also the feeling of retirees.
Some elderly get back to work because they love working and feel boring when they stay at home too long but not all people get back to work are like that. Many people have to do this because of money, they need money.