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Showing 20 of 108 results by Lotus
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Re: The Trading Bot that will Revolutionise Crypto Trading FOREVER!!!
by
Lotus
on 18/01/2022, 09:16:42 UTC
Hey Guys,


Thank you all for your opinions.
as I said I will be bringing you guys lots of proof and
information in the coming days. As i had said earlier
we are in very early stages. and yes as someone had said
i will definately be giving you guys trial access to our bots
so that you can try it out and see it for yourself
our development team is working day and night and we predict
the trading bot to be fully developed and funtional either
by end of november or mid december before christmas

LMAO!

Not much of a team if you've been working for so long day and night and achieved nothing to show, IMO. Probably made no honest money either so it equals to voluntary slavery, at best!

And then this: coming days ... end of November ... mid December ... before Christmas: all gone.

If your team is really onto something, then they need to finalise the project in every detail and get better marketer, a truthful one with regards to ethics but only once the time comes as others have said: to provide proof, track record, support, at least limited guarantees in place etc.

Save yourself any further embarrassment, if that's of any importance to you.

Writing software is hard work and many projects are doomed to fail. No need to get personal about it and attack the person unless he tried to scam people or showed ill intentions.
That said, this thread is indeed suspicious and raises red flags.
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Board Project Development
Re: Suggestions for Arduino Nano BTC project?
by
Lotus
on 02/12/2021, 03:27:36 UTC
How about a "warm wallet" that allows you to only send transactions to your hot wallet on demand, but not to anywhere else?
Please explain how exactly would you do that with Arduino Nano.
All I found in project hub page is Bitcoin Price Updates using Arduino Uno, and much more complex vending machine project.

The idea is fairly straight forward, all you need is the code to sign a transaction and (separately) broadcast it which is freely available online and a little bit of logic to hook to the button.
You can hardcode your keys and target address into the code (just make sure that code is not shared anywhere) and just hook up the broadcasting functionality to a physical button. A led (or some other output) would be good to help you confirm the device did what you expected.

You can break this down into phases:
1. Sign the transactions offline on your PC or wallet, but don't broadcast them. Instead, just copy a small bunch of them to the device where they just queue up and wait to be broadcast when the button is sent and light up a green led. This allows you to skip the signing part for now while getting something working quickly. Of course, it's tedious to "refill" and is limited to the number of transactions you prepared.
2. Add signing to the device, so that it signs then broadcasts a fixed amount with each push.
3. Add more fancy logic to set the amount. Either pick from presets by pushing multiple buttons or longer push, or even control a number with multiple buttons and an 8-seg screen.
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Topic
Board Economics
Re: Credit cards | A scam or a tool?
by
Lotus
on 27/11/2021, 08:30:27 UTC
Undoubtedly, they are convenient when purchasing something of value, an expensive TV or bicycle for example, in cases where paying in advance is out of the question
That sounds like the wrong reason to use it in most cases! Unless it's interest-free, you're almost always better off just waiting and saving up to make the purchase.
I only proceed to use installments when an interest free option is offered. I'm not willing to pay 10-15% surcharge just to get installments. Likewise, I'll rather wait and pay in advance. I've never used it to buy something I couldn't afford, and wasn't offered with interest-free payments. It's just not worth it.
Buy only on what you can afford and able to pay and this should be your main priority or need to follow when it comes to financial handling because you couldnt really able to resist on spending
if you do know that you have something in your pocket or wallet that could possibly able to buy things on point on using your card and we know that interest is really that high whenever you
do past due into your payment thats why if you dont like to put yourself into trouble on paying up huge fees then better to be considerable in every actions you would make.
You will end up feeding the CC company when you failed to pay those overdue, it's really important to control yourself each time you use your CC, always check and balance if you really need the items that you'll going to purchase, most of the time, it's best to use your CC in every emergency, things like you've got short in balance but you have some expected funds to fill it up.

If you miss-manage your CC, expect that there many consequences that you will going to face, Roll Eyes Tongue

It's you who can determine whether it's a tool or a scam that will suck your finances. Grin

Haven't missed a single payment so far, so I guess I'm managing my credit card correctly. It requires discipline and great management skills, but if you're careful enough, in some cases, the benefits are totally worth it. Especially in the USA, I've read about enormous cashback, or flight benefits (Free flights, seat upgrades and so on), which we do not have here.

It's a great tool if used correctly, however, most people fail when using them, and that's what banks are aiming for.

Of course. When you're using it to breakdown payments with no interest, then that's a good use for the card (assuming of course you are relatively confident you can pay it). In fact, that's almost like free money in a sense.
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Board Economics
Re: Banks will die crypto will take over in 5-10 years
by
Lotus
on 25/11/2021, 08:35:27 UTC
banks will be fully protected by the state, for example if there are banks that will go bankrupt, the state immediately disburses funds so that the banks do not collapse
This is much easier done with a government controlled currency vs a decentralized one. Governments can bail them out then gradually print out more money to recover the cost (in effect making everybody using its currency pay for it). With crypto, unless it's state controlled, that won't be possible.
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Board Economics
Re: Credit cards | A scam or a tool?
by
Lotus
on 23/11/2021, 06:57:59 UTC
Undoubtedly, they are convenient when purchasing something of value, an expensive TV or bicycle for example, in cases where paying in advance is out of the question
That sounds like the wrong reason to use it in most cases! Unless it's interest-free, you're almost always better off just waiting and saving up to make the purchase.
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Topic
Board Economics
Re: US could run out of cash as soon as Dec. 15, Janet Yellen warns
by
Lotus
on 18/11/2021, 09:51:38 UTC
Although it may be considered a solution, it's also going to make inflation rise as it is happening already in US.
Absolutely! That's the price they will pay and that's what makes it a one-time thing. Once it's used, it's gone forever. Nobody will trust the currency again!
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Board Economics
Re: US could run out of cash as soon as Dec. 15, Janet Yellen warns
by
Lotus
on 18/11/2021, 03:17:48 UTC
The US can't practically run out of cash as long as the world reserve currency is the USD. They can print money to pay their debts even to foreign countries. Of course that's a single use get-out-of-jail card. Because once they do that, the USD will cease to be the reserve currency.

Possibly at that point some "other" currency that is not controlled by any single government... perhaps something decentralized.
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Board Economics
Re: Credit cards | A scam or a tool?
by
Lotus
on 18/11/2021, 03:09:17 UTC
It is like a gun

That's a very interesting metaphor!
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Topic
Board Project Development
Merits 1 from 1 user
Re: Suggestions for Arduino Nano BTC project?
by
Lotus
on 16/11/2021, 19:29:54 UTC
⭐ Merited by dkbit98 (1)
Please explain how exactly would you do that with Arduino Nano.
All I found in project hub page is Bitcoin Price Updates using Arduino Uno, and much more complex vending machine project.
To keep it simple, you will need to seed the device with the basic key generation logic or at least directly store them there along with the destination address. Connect it with some form of input, like a button and wifi. Whenever you push the button, say for 3 seconds, you would sign a transaction to send an amount of cryptos to your fixed target address. You can later make it customize the amount.

The benefit there is that if your hot wallet is stolen, then it won't have any cryptos on it until you send some from the warm wallet. If the warm wallet itself is stolen, then all the thief can do with it is send cryptos to you!
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Board Project Development
Re: Suggestions for Arduino Nano BTC project?
by
Lotus
on 16/11/2021, 10:17:16 UTC
How about a "warm wallet" that allows you to only send transactions to your hot wallet on demand, but not to anywhere else?
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Topic
Board Economics
Merits 1 from 1 user
Re: Credit cards | A scam or a tool?
by
Lotus
on 16/11/2021, 09:15:22 UTC
⭐ Merited by NeuroticFish (1)
If you use a credit card with some sort of reward and never carry a balance, then it's a net positive tool. You gain interest on the delayed payment and you get the extra rewards on top.
If you can't control your spending, then a simple trick you can try is to just put equivalent money somewhere each time you purchase something, so you know you got it covered.
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Board Economics
Re: Banks will die crypto will take over in 5-10 years
by
Lotus
on 13/11/2021, 07:19:46 UTC
Not all cryptos are truly decentralized!
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Topic
Board Economics
Re: Banks will die crypto will take over in 5-10 years
by
Lotus
on 11/11/2021, 08:46:27 UTC
Banks won't go away in a decade, but if crypto (or similar digital forms) take over, their market weight will diminish.
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Topic
Board Economics
Re: Would crypto gain full intrinsic value?
by
Lotus
on 10/11/2021, 22:11:13 UTC
It might not happen soon, or even for current cryptos. However, it's not really a stretch to imagine a unified currency ruling the world in the near future. It will, by necessity, be decentralized since no country will willingly accept another's control over its economy. It has to happen organically, otherwise current rich countries would have no incentives to "allow" competitors on their turf. However, if it penetrates the world sufficiently, the transition would eventually happen because the need exists. It's only blocked by policies.
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Topic
Board Bitcoin Technical Support
Re: Recovering deleted wallet/files from HDD
by
Lotus
on 07/11/2021, 08:22:06 UTC
If you ever send it to "anybody" then assume it's been compromised. As to how to handle it, the answer is still the same. Use a hardware wallet. That way, even if all its content is stolen and you get it back with keyloggers and trojans, they still can't access your assets.
At the very least, transfer everything off the machine before sending it off and don't use it for local wallets again until you wipe it off.
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Board Bitcoin Discussion
Re: 5 Key words (short sentence) to explain BTC
by
Lotus
on 07/11/2021, 08:13:20 UTC
Bitcoin is an internet currency with no central authority to confirm transactions and issue new money.

This is the major problem bitcoin solved.
True, but it's the benefits of decentralization that matter to most users than the fact that it's decentralized. If there was some way to ensure that a centralized alternative was censor-resistant and uncontrollable it would have fit that function (maybe some satellite central node that is immutable). BTC just happened to do it via the ingenious decentralized design.
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Board Bitcoin Discussion
Re: 5 Key words (short sentence) to explain BTC
by
Lotus
on 06/11/2021, 01:22:24 UTC
Fluid reliable currency that transcends boundaries and defies limitations.
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Board Development & Technical Discussion
Re: math calculation problem - pay $50 for help
by
Lotus
on 06/11/2021, 01:19:44 UTC
yes, only then when k1 = k2
but what when k2 = curve.n - k1

?

r1 and r2 are the same
s1 and s2 are the same.
only k1 and k2 are like k1 != k2, and k2 = curve.n - k1

Your original question had no k2, r2, or s2!

s1*k1 - r1*x1 = z1
s1*k1 - r1*x1 = z2
The second equation was all 1's except for z2.
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Topic
Board Economics
Re: Would crypto gain full intrinsic value?
by
Lotus
on 06/11/2021, 01:02:38 UTC
The volatility isn't because of this.

How is that? If crypto was used to directly buy goods and services, then there would be little pressure on it to be volatile!
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Board Development & Technical Discussion
Re: math calculation problem - pay $50 for help
by
Lotus
on 05/11/2021, 08:21:27 UTC
s1=0 and r1=0
No payment needed Smiley