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Showing 20 of 25 results by LeastComicStanding
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Board Bitcoin Discussion
Re: Don't believe in digital money? Well...
by
LeastComicStanding
on 02/06/2021, 09:03:59 UTC
Most money has been digital for decades. It's rare that I actually use paper money or any other physically tradable asset for goods.

Bitcoin is different, but it's not a great system for digital money. Digital USD is way better and there are other cryptocurrencies that also do it better, if you're just trying to get away from the current financial system.

You are new and you have still much to learn.

I'm a bit worried though that even people who made it to this forum do think like this and they don't understand that the way the central-bank based currencies are designed and used by the banks is against the benefit of common people. USD already has the inflation. A central-bank issued digital USD will (most probably) also have the options for surveillance (full tracking) and seizing (if they want to, they can get your money). They are not a way to go away from the current system, they are a way to keep you in even deeper.

I was not trying to make a case for central-bank based currencies as much as I was trying to debunk the OP's title and post.

I am all for the separation of the federal reserve and the ability for citizens to obtain goods with currencies, I just don't think Bitcoin is the answer for any of that; it is a great poster child and has served to really bolster the adoption of cryptocurrencies, but like I said, there are many better options now.

And to infer that "digital money" was somehow created by or originated with Bitcoin is silly - it's the first cryptocurrency, but it's not the first, last, or best digital money.

Hope that clarifies my stance and intent. :-)
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Topic
Board Bitcoin Discussion
Re: Don't believe in digital money? Well...
by
LeastComicStanding
on 02/06/2021, 06:40:25 UTC
Most money has been digital for decades. It's rare that I actually use paper money or any other physically tradable asset for goods.

Bitcoin is different, but it's not a great system for digital money. Digital USD is way better and there are other cryptocurrencies that also do it better, if you're just trying to get away from the current financial system.
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Re: People of btctalk, what kind of pet do you have at home?
by
LeastComicStanding
on 31/05/2021, 08:38:11 UTC
I also have been raising a pair of hamsters in the past. every 3 months give birth to about 10 hamsters, the cage is a full smell of urine.

Incredible procreation rate. It reminds me of a house I went into one time where they had the walls lined with cages for all the little rodents. I don't think there were many in there at the time, but they were set up to have tons, so maybe they were planning ahead a few months.  Grin
Post
Topic
Board Economics
Re: Bitcoin could win the currency war
by
LeastComicStanding
on 31/05/2021, 06:59:23 UTC
Bitcoin is an exceptionally poor currency. It's expensive, it's slow, it doesn't scale... Nothing in the OP post supports the subject of the thread that bitcoin could win the currency war. Bitcoin will have to solve all three of it's major problems to win any type of currency war. Cash is superior in every aspect right now, and centralized payment systems are far superior to a decentralized blockchain system thus far.  
All this points of yours really needs debate, saying that centralized currency is far preferable than decentralized currency, i think these really need more explanation or insights, it's accepted that centralized currency come into existence before digital currency, which digital can be decentralized currency, because looking at the current situation of nature it's obvious that people uses the digital system of payment which might be cryptocurrency and especially Bitcoin, so it's left to individual to decide for a means of payment, so am disputing the fact that fiat currency is superior than crypto, automatically it depends on the environment we found ourselves for transportation, many people currently accepts crypto because they use it for investment within short period.

Well, point of clarification- I said centralized payment systems are better than bitcoin, and then second point is that because of bitcoin's inherent flaws, cash is a better type of currency.  An example of a centralized payment system is Visa or Square.  The payments are instantaneous, cheap and trustworthy.  Compare this to bitcoin where payments are slow, expensive and trustworthy.  Visa and Square are hands down better payment systems than bitcoin, it's not even a fair competition because bitcoin is so slow and so expensive.

As for my second point, because of how slow and expensive bitcoin is as a currency, cash is far superior to it.  Cash holds a steady value and is far easier to use.  Digital payment systems make up the one shortcoming cash has compared to bitcoin in not being able to be used online.

So those are my two points-  1) centralized payment systems are faster and cheaper than bitcoin, and 2) centralized payment systems make cash a far better medium for exchange.

Don't forget that centralized payment systems have someone to go to if something goes wrong. Also, if you mess up the sending or receiving address in a defi transaction, or put in the wrong gas amount even, the entire payment could be subject to being lost.
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Topic
Board Altcoin Discussion
Re: Passive income
by
LeastComicStanding
on 31/05/2021, 06:51:55 UTC
If you are afraid of the risks associated with trading bitcoins and other cryptocurrencies, it's time to try betting. There are many platforms at the moment, all you need to do is find the highest reward coins.

I feel like this has to be a troll or a spam post. OP asked about passive income and you suggested betting? Please feel free to expound on how one can bet passively and get any kind of passive income unless they own the site (the house always wins).
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Board Altcoin Discussion
Re: Passive income
by
LeastComicStanding
on 30/05/2021, 22:15:54 UTC
There are also opportunities in crypto games. Some of them like RPlanet and Alien Worlds aren't very "fun" games, but you can buy items that can give you passive income with the games. "Land" is usually the biggest one, where you buy it and either stake it or people mine on it, and you earn.

For crypto games, the land sales can be risky and are usually much cheaper at game launch, but if the game does well, the prices skyrocket so you not only have a passive income but also hold a highly valued asset too. So it is wise to search out new crypto games and sign up for the initial NFT sales, be it land, items, characters, etc...

I don't have enough information about RPlanet, but I can say for sure about Alien Worlds that it's too late to invest in this game, because the prices have already reached their high. The 5 thousand dollars available to the OP will not be enough to buy the land, despite the fact that the price of the plot is now very much reduced there and will obviously continue to decline, because the game is no longer developing.

The game is still developing - they are about to release the awaited "Thunderdome" events. It does progress slowly though because they are a small development team.
I missed the part about the $5k limit or maybe it was added, but probably it was late and I was reading while asleep lol, but you can easily use a very small portion of that to buy tools to mine with, and the game is not time-intensive, so it's partially passive. You only click 2 buttons every time the cooldown is reset. It creates an income, even if small at this time, that could be worth much more in the future, because even though TLM hit a high during the binance bridge announcement, it could easily go higher than that in the future.

But yes, most lands are more than $5k now, even though I have seen some go on sale for close to that recently.

As for RPlanet, you can buy a ton of stuff for $5k on AtomicHub and stake it all and earn very passively. Then you can watch the conversion rate on Alcor exchange and trade Aether for WAX and sell that on bigger exchanges.
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Board Altcoin Discussion
Re: Passive income
by
LeastComicStanding
on 30/05/2021, 06:57:42 UTC
There are also opportunities in crypto games. Some of them like RPlanet and Alien Worlds aren't very "fun" games, but you can buy items that can give you passive income with the games. "Land" is usually the biggest one, where you buy it and either stake it or people mine on it, and you earn.

For crypto games, the land sales can be risky and are usually much cheaper at game launch, but if the game does well, the prices skyrocket so you not only have a passive income but also hold a highly valued asset too. So it is wise to search out new crypto games and sign up for the initial NFT sales, be it land, items, characters, etc...

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Board Off-topic
Re: People of btctalk, what kind of pet do you have at home?
by
LeastComicStanding
on 29/05/2021, 20:25:12 UTC
Dog and cats with rabbits and Turkey .

if only that i have a farm land, for sure i will be having more pets and animals .

Since most of us are now working at home, you can now spend more time with your pets. With that being said, what are your pets at home? Just to share, I have 7 shih tzus at my home.  Grin

Wow, 7 is a lot. Do you have to have a special license for that?

I have no pets. Pet fur and dander can clog up computer fans and I have to have my computer working perfectly so I can get more crypto!  Grin
That's a lot of Dogs.. Wondering if he can still took care of them fairly .

Agreed, I think that's why most places require licenses to care for more than 2 or 3 of any species at any time because it requires usually a lot of attention and effort to care for them properly.
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Topic
Board Altcoin Discussion
Re: What is your favorite NFT chain and why?
by
LeastComicStanding
on 29/05/2021, 20:17:09 UTC
My favourite one is Enjin because Enjin has grown into an ecosystem of integrated digital products, for trading and monetising games. Developers can use the Enjin Coin to tokenise in-game items on the Ethereum blockchain. In March 2021, Enjin Coin had the highest market cap of all NFTs. Give it a try I'm sure you will like it.

Other than hearing the name thrown around rarely, I have only come across Enjin in one place - the game Lost Relics. I didn't care for the game all that much but went to give it another try and it said it required Enjin wallet to function all of a sudden. I didn't like that Enjin was mobile only since the game is for PC only, and that there was no real integration (purely separate entities operating through separate programs - felt a lot like an Eth game requiring MetaMask to function, but worse because MM is usable on PC and is already incorporated into Brave browser).

Since I never installed the mobile wallet, I don't know how usable it is or even could be since I use my PC for most all of my crypto-dealings.

I'll have to do some searching and see why it has the highest market cap; if that's true, it's an interesting fact.

Thanks for responding!
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Topic
Board Bitcoin Discussion
Re: More China Craziness - "Cracking done on mining"
by
LeastComicStanding
on 29/05/2021, 20:07:12 UTC
Another alternative to banning is to move their mining rigs to more crypto friendly country...
Moving to a new country isn't as easy as it sounds. These people have a life in China, family, children, friends. All that can't be abandoned over night just like that. Not to mention familiarizing yourself with the regulations of the new country, finding an appropriate and cheap location to set up your farm, and physically moving your equipment from point A to point B. All that takes time and money. There is also the language barrier, cultural differences to consider, etc. Of course it's doable when someone forces you into it, but I believe that's not what the Chinese miners want to do.   

This is an interesting take. I usually think of the mining outfits as large companies or companies that have made enough to be able to move when forced (like this), but surely there are lots of operations that may just have to shut down because they can't overcome the barriers you listed. Moving across country lines isn't as easy as pick up and physically moving, there are import/export laws and regulations and stipulations that could all make it very difficult, even if you DID speak the language(s) of the new locations.

Thanks for sharing this perspective.
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Topic OP
What is your favorite NFT chain and why?
by
LeastComicStanding
on 29/05/2021, 07:03:49 UTC
I started on Eth and have some NFT's, but it seems clunky and weird to go through a third party site (like opensea) to be able to see them (there is no built in function in MetaMask or TrustWallet to see your items, that I know of).

I am really getting into WAX NFT's and love all the items and gamifications that are happening with that chain, even though it has some undesirable setup/maintenance to it (CPU, NET, RAM issues).

Curious if there are other chains I should be checking out that are similar or even better.
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Board Off-topic
Re: People of btctalk, what kind of pet do you have at home?
by
LeastComicStanding
on 28/05/2021, 21:51:19 UTC
Since most of us are now working at home, you can now spend more time with your pets. With that being said, what are your pets at home? Just to share, I have 7 shih tzus at my home.  Grin

Wow, 7 is a lot. Do you have to have a special license for that?

I have no pets. Pet fur and dander can clog up computer fans and I have to have my computer working perfectly so I can get more crypto!  Grin
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Re: Price of a bear
by
LeastComicStanding
on 28/05/2021, 00:53:55 UTC
Just curious. Has anybody eaten bear meat? Is it good?

Cool

Most animal meat isn't really tasty in its basic form, which is why the spice and seasonings market is so huge.
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Re: Suggestion Required for Free upgrade windows 8.1 to Windows 10
by
LeastComicStanding
on 27/05/2021, 07:10:51 UTC
Not sure why this thread hasn't been locked, as that free upgrade expired years ago and is no longer valid.

Is there a way to ping a mod inside a post or to mark a thread for locking?
Post
Topic
Board Economics
Re: Bitcoin could win the currency war
by
LeastComicStanding
on 26/05/2021, 20:48:49 UTC
Seeing comments about China vs US, as the post was a little convoluted in its purpose, or the title was misleading. Bitcoin can't possibly win the currency war, as it's terrible for that purpose. It may have its place as the original, but there are way better crypto options for a usable currency. Speedy transactions and low transaction fees come to mind immediately as cons for Bitcoin.

Maybe with additional development, but then it's possible that like with the Eth vs Bnb discussion, upgrades to the network may be "too little too late."
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Board Beginners & Help
Re: How can I unlock "100 REWARD POINTS/ROLL" in freebitco.in?
by
LeastComicStanding
on 26/05/2021, 07:15:06 UTC
I could be wrong, but it seems like you might be in the wrong forum. Does that site not have a help/faq? Surely that's a common question if it's a standard feature.
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Topic
Board Altcoin Discussion
Merits 1 from 1 user
Re: Don't blame Elon musk and China for the dip!!!!!!!
by
LeastComicStanding
on 26/05/2021, 06:46:25 UTC
⭐ Merited by Ratimov (1)
It may not have been one or the other specifically, but it was a coordinated drawback from large institutional adopters who may or may not have used them as scapegoats to explain why they were taking so much out.

To look at the top 100 coins on coingecko, you can clearly see that most of the charts are almost identical.
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Board Altcoin Discussion
Re: How to find potential projects without programming knowledge.
by
LeastComicStanding
on 25/05/2021, 05:56:52 UTC
I've found that discord has become a popular platform for coin marketing /launching lately. I stay away from Telegram and all the airdrop schemes/dreams, but with discord, coins can pay a relatively small listing fee with the tip bot "tipcc" and begin sharing their tokens with any and all discord users who are in any server that has incorporated the tipcc bot.

Once the new token has paid the listing fee, they are allowed to "promote" their project, which usually means posting a link to their server and relevant information, as well as posting an airdrop to be collected (no strings attached, just click a button and it goes into a user's tipcc custodial wallet).

There are some coins that don't make it, but there's no risk or investment for collecting, and you can find out a lot about a coin/token by how they handle their community in their own discord server. Also, you can still use your checklist of whitepaper/team/etc...


Yes, some airdrops for new projects are carried out on discord.
However, some projects limit that only the first 100 or 1000 people who enter the discord can get these short positions.
How to get this kind of consultation? Need to follow many projects on Twitter at all times?


I've only seen this kind of setup once, and the airdrop never happened and the server was deleted soon after. On any coin of substance that intends to stick around, the airdrops will be carried out over a time period defined in their whitepaper and to be distributed to as many people as possible so as to create a mass appeal. It's kind of like the old drug-dealer slang: "The first one's free."

And in discord, not only the project team will distribute, but you'll find that there will be key players in the community that will take an interest in the coin and also distribute it in order to boost interest in their investments as well.
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Board Beginners & Help
Re: Satoshi Response To Elon Musk's Tweet On Bitcoin Mining
by
LeastComicStanding
on 25/05/2021, 00:58:32 UTC
Quote
And what use will gold have if all the computers and electricity in the world disappear? Or fiat in that case? In such a scenario the things with value will be food, shelter, fuel, medicines, weapons, etc. No one will care about any form of money, gold, or bitcoin.
Just the same as it was before computers - gold held value because it has a limited supply and it has valuable physical properties.
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Board Bitcoin Discussion
Re: More China Craziness - "Cracking done on mining"
by
LeastComicStanding
on 24/05/2021, 06:14:14 UTC
It's a good opportunity for mining companies move their businesses to another countries and decrease the total mining power China is responsible for. It will give a lot more stability for bitcoin if mining power isn't concentrated in one only country, especially a country ruled by communist dictators like China. It's also a chance for smaller countries which need to increase their income to attract these mining bitcoin operators to their territories.

Yes! So much opportunity created here to make things better overall. It seems like a big hit if you look directly at the BTC price, but when you see the big picture, it all makes sense.