This is the place to discuss whatever you want. All Trezor unrelated stuff belongs to this topic.
Hey, I stumbled into a pub! Where is the ?
Not many people here … (looks around in the empty pub)
Anyway, I was thinking if I should HODL stablecoins, like USDT, USDC, DAI and EURT into my Trezor before the banks and exchanges implement stricter regulations. What do you think?
you are right, it’s rather a ghost pub so far
I wonder what is the purpose of hodling stablecoins for a long time? They are of course useful to hodl them during the bear market, otherwise I see them useful only as a short term hedge or to move your funds between exchanges.
Yeah, I agree. I was thinking about using them to swap/convert to BTC and others on DEX exhanges if/when new regulations force banks and custody exchanges use Know Your Customer (KYC) and Anti Money Laundring (AML) policies. Well, banks already have these policies but not all online exchanges yet.
If I had stablecoins and perhaps WETH, WBNB and some other common swappable coins too, I’d not need banks to withdraw Fiat and online changes so often anymore, thereby avoiding the AML and KYC privacy problems.
I think DEXes will flourish when governments tighten the grip around normal exchanges, because they’re without KYC and AML.
PS: Is it possible to get WETH giftwrapped, to give as birthday gift?
The problem with DEXes is that people still need to use bank accounts to send money to the seller, unless they can use some stablecoin which is accepted by the seller. The part of the story is how you acquire the stablecoin withou KYC and AML. You still need to buy it from someone and unless you pay for it with cash, you need to do bank transfer payment. I am sure banks will track regular sellers who will have a lot of transactions on their bank account and can track them quite easily. All this means you won’t be anonymous with DEXes either.
But you are right, using stablecoins makes sense to swap/convert to other crypto the way you describe it, it will just be too difficult to maintain privacy even with the DEXes.
And this is the right example, this is quite difficult for an average user. Also, there is a good example with Binance, they are forcing KYC now, so the privacy is gone as the BUSD is linked to yourself. On the other hand I am quite sure new ways how to acquire crypto anonymously will come.
I really hope so, kolin.
Maybe some new DEXes will appear in a country where crypto is legal and unregulated. Hm … where could that be? Wherever, I do hope they sell beer there.
Interesting reading how seed works. You can create it manually on your own and learn how it works. Pretty cool.
Interesting! I will read that article.
Edit: Bitcoin Magazine doesn’t like my browser (Opera) it seems - I get a blank page after seeing the heading for a fraction of a second, so I’ll have to try and read the article with another browser.
Edit 2: It worked in Chrome but refused to load in Opera because of my Ad Blocker. Fixed now.
Edit 3: I’ve read the article now. Very interesting and fun read! I learn something new every day.
About that BIP39 english wordlist on Github …
… can’t someone ask admin-slush to renumber it with 0 - zero - as the starting number (or submit a Pull Request in the project)?
BTW, it just occured to me how it’s possible to store private keys and passphrases digitally: on an air gapped computer, which is never connected to the Internet. For instance in a password protected KeePassX datafile on a Rasberry PI (I already own a couple of those). Then, I could put the Rasberry PI - or just the (micro)SD card - in a safe place. At least it’d be more secure than a handwritten seed card put in the same safe place. But this is food for thought only, not a recommendation of course!
Here’s another interesting article I read today in Bitcoin Magazine:
It contains a short overview of the hard times in the Czech Republic during the 20th century. As a History buff I knew most of this from before, but set into an economic perspective with today’s opportunities with cryptocurrency, it makes you sit back and think. No wonder many people in the Czech Republic are interested in crypto!
I don’t agree with the everything which are said about how we’ve progressed into a better world though. Or that Fiat is the last big problem for humanity. Yes, we got clean water. For a while. Then plastic microparticles has polluted water all over the planet so there is no place with clean water anymore. And there are many other big problems to be solved - if even possible - for instance that little thing concerning climate change …
However, I wholeheartedly agree that cryptocurrency can solve many problems. Bitcoin is only 12 years old but already an economic revolution that can’t be stopped. I believe the future will benefit from cryptocurrency in many ways. And the article in general is great reading!
Not sure if the numbering has a reason here, but I believe someone can submit the pull request to find out what can be done.
Thanks for sharing, will read it
About stablecoins - I was thinking about the most popular one Tether US (USDT) … It’s based in Hong Kong, I believe, and we know how China has taken control over Hong Kong now too. Earlier, China has gone after miners but in the recent days China has tightened their grip around the crypto industry, including overseas online exchanges, domestic traders, illegal fundraising, and any website condoning crypto it seems.
The main effort seems to have been on mainland China, but it’s only a matter of time until Hong Kong is targeted too. So I’m worried about USDT and its future. Will it survive, if China cuts of Tether’s funds?
This is also a very interesting read:
Does it means that transactions will be cheaper when using the Cardano network instead of through the Ehtereum network? If so, the ADA coin will be even more popular in the times to come.
this will be very interesting to observe
It’s auto-numbered by github. The text file itself doesn’t contain the numbers. You could ask github to change it, but I don’t think they will
Ah, I see. Thanks for the info. In that case, maybe the file should contain numbers in a two-column matrix.
Cheers! Or, as we say in my country - Skål!
You all know about Solana’s (SOL) rise recently. I wanted to show you a graph I added to my crypto spreadsheet earlier, which shows growth from when Bitcoin was as its lowest on July 20th. The coins in this graph are from my watchlist and most of them have been in my list since before July 20th, but some are added later. The graph starts at $100 so the growth is relative to that and means that when the column shows $550 for Solana it means it has risen 450% since July 20th.
hmm, it will be interesting to watch the performance of the coins with the lowest relative growth, could be an opportunity
Yup, I’m HODLing some of the more unknown tokens, in the hope that they’ll rise to $1 sometime in the future and make me rich someday! LOL! Shiba Inu (SHIB) is one I’ve bought 30 million tokens of. They were cheap … Ha-ha-ha! So if SHIB ever gets to be worth $1 then I’ll get $30,000,000.00!
Also, I have strong beliefs in Slam (SLAM), which is a casino token. It has risen a lot in the past few months, but is still cheap. I’m going to buy a few millions of that one as well.