Here is the post for the Daily Leo Talk. In preparation for the upcoming Microblogging features, this is a good place to start conversations, posts charts, memes, trades, or anything else that comes to mind.
Let us boost our overall numbers by posting lots of comments throughout the day. Spread the word to get others involved.
It is a great way to stimulate engagement.
We can think of this as a Reddit type engagement thread. We are not dealing with long form content so topics of discussion can start off with a top line comment. We can fill in from there.
We are open 24/7/365.
Stay Informed About LEO!
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El Salvador: Bitcoin To Be Legal Tender Today
We are going to try something new. Each day we will have a specific topic. So, in addition to our normal posting, we encourage everyone to discuss and post as many links related to the headline as possible.
For today, we can see Bitcoin and Legal Tenders are the keywords. Let us see if we can really add a ton of links with the proper SEO format.
If we do this on a daily basis, then we can really have an impact.
Also, scour Leofinance to try and find articles posted about the topic of the day. This will really help to key word those older posts.
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That's a great idea Task!
Today is going to be a historic day. I want everyone to guess the next country to adopt bitcoin after El Salavador.
Also, there are rewards - Vote for the top three countries you think are going to make Bitcoin a legal tender. If your guess is right, you can earn Diamonds on Coinmarketcap:
https://coinmarketcap.com/legal-tender-countries/
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This is something that can help our SEO.
With a topic each day that mirrors the headline, we can help the search engines with reaffirming what is there. I also added a secondary line in the first comment.
Hopefully we can get a ton of activity covering that to help us along.
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Today seems like a great day. I am sure we will be getting many top-line comments related to the main topic.
I hope it's still okay to post other stuff as well.
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Other stuff can be posted, as always. We just have to satisfy the requirements for the daily topic first. That's about 2 to 5 posts per person.
I've been backlinking to @crypto-guides Guides once per day per Guide I mention here. That's not part of the deal, but we can use all the traffic we can get.
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Got it. Thanks, Magna.
I do that in most of my posts. ✌ We have covered so many already so there are enough links to incorporate inside the content.
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You guys are legends :)
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When I figure out which other celebrities have been shilling SafeMoon I'll be able to backlink to it more often. I just know about the one guy, but there have to be others.
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That's probably a good idea. I actually just did that for the guy who asked about safemoon
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I began going through my notifications oldest-first, so I made my comment before I saw yours.
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Hopefully that will help us really to generate some major SEO rankings over time.
A lot out there to post, we just need to do it.
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I am sure it will. Chance of getting a higher rank increases by posting enough content with a variety of keywords. Since El Salvador & its bitcoin law are the trending topics, we must ride the wave.
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Ah I already voted but it does seem the vote will last quite a while.
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Could take a few years I guess. 😂
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Even before I checked the link I expected Paraguay to be in the lead. I think they check a lot of the boxes that make a country a good candidate
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I havent looked. Is there any information or articles out there you can find to post in here about that?
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I have found two articles on @leofinance concerning Paraguay's Bitcoin (BTC) activity:
Paraguay Looking for a Companion to Make Bitcoin a Means of Payment
It Came Out Of Nowhere But It's Here To Stay
They are over a month old, but fit into the narrative.
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Great find. Older articles are actually good for SEO
And yea, it will be interesting to see how the current events in El Salvador will reflect on Paraguay and also other countries.
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It's bad timing for Brazil because we are in the middle of a political crisis and also we have a presidential election approaching so I don't expect any progress on crypto talks around here any time soon, but hopefully, we can start talking about it in a couple of years.
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I'll take a look! Nothing official yet I believe, but it's a strong candidate in my opinion.
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But do you think Paraguay will be ahead?
It is ahead already. Right now it's the first on the list
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Ok good information
I believe I already made my picks on coinmarketcap.com. I just used 100 of my Diamonds for a Doge Avatar. I like to spend every once in a while.
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That awesome Dan. Even I am going to spend my candies and diamonds very soon. Just waiting to accumulate some more of them.
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I'll see if I can find a few posts about it. Do we care if they are older articles or not?
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Older posts are fine. In fact, if they are Leofinance posts, they are better older.
Link those to get their weighting.
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I wonder if it becomes legal tender, does that mean it would be treated like asset or the currency?
Legal tender is like official currency of the country . Just like dollars in USA , Rupees in India.
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Thank you was my question too
The big thing is that being legal tender, there is no capital gains tax on it.
With crypto, you hold it, it goes up in value, you have to pay tax. Not so with currency.
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Ooh that's interesting. I didn't know about that detail.
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Good details
Yes, that's why this is such a big deal and why the IMF and other countries are hammering on it. If this starts spreading to other countries governments might actually be forced to come up with a fair tax system. I'm not holding my breath on either count; lots more countries adopting it and a fair tax system.
It's a start though...
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It's more like a currency. So shops can't avoid accepting BTC as a payment for their services or goods.
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Yes, it basically means that if someone owes you money and gives you an equivalent amount in BTC, the best is extinguished
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I have an article prepared, so count on it.
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Cool! Share it with us when you are done
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That's a good idea. It should help with our SEO so let's try our best
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That is the goal. Also get a lot of conversation/education about a particular topic.
We all can find a series of articles that pertain to it to enhance what is taking place.
Plus it is a great way to link older Leofinance topics to help affirm those articles.
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Yes I agree
Hit those search engines gang.
Get those articles linked in here. We want to get as many as we can to really drive home the headline.
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Bonus if you use Presearch-- PRE ERC20 tokens for search, only PRE beats BAT.
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I should resume using Presearch . Any new concepts in them ?
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Whatever search operators you use at Google, Presearch recognizes them. You can also specify which sources to use for searches you make; in this way Presearch acts as a metasearch engine. I have a bit more information in this post I wrote 3 months ago before I began posting at LeoFinance regularly: Earn Crypto from Searching
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Cool , I will definitely start using it again . I like how everything which we do on internet is enabling us to earn .
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Even if Presearch didn't offer its users PRE tokens, it's still good enough to be used as an alternative to the Big Tech search engines. I use Presearch mainly to search for crypto-related content, but it can be tailored to search for nearly anything people do during daytime hours.
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It's super slow earning PRE tokens. I current only have like 200 or so and its so far from even being able to withdraw
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I've been using Presearch for 3 months, and I just reached 80 PRE today. Using Presearch to earn PRE is slow, but I prefer doing that than trying to earn BAT from using Brave browser to view ads. With BAT I felt I was wasting time. If I want to waste time, I have far more rewarding ways to do that.
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Well BAT is kind of slow and you don't know when they decide to give you ads or not. So I would agree since they cut down rewards.
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I was never a fan of BAT, and my experience trying to earn BAT didn't help matters. There are people who make BAT work for them, and God bless them! For me, visiting Bitcoin faucets and Hive's GiftGiver were more productive uses of my time.
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It is another one like #CANDIES.
Just keep accumulating to see where it goes.
There was a time you could accumulate quickly but they ended up locking up accounts.
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Yea, it's a bit slower now, but then again, I would be searching for stuff anyways so it's not like I'm doing any extra work
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Presearch is definitely great. I've been using it for a while now
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Even if Presearch didn't have a token I would still use it. I would use anything else over Google.
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Amen bro
I've also heard good things about DuckDuckGo. Do you know it?
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I use DuckDuckGo for personal use when I'm not using Presearch for crypto-related searching.
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Awesome , okay . I will try to search through script at night and post here about it .
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I expect that India bring a Legal framework for crypto soon and this will help more people to be part of crypto. There are people who are still scared due to the lack of clear guidelines for crypto.
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That would be good indeed. I stopped following the situation recently, but I remember the government was going back and forth regarding crypto in India.
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Yes, many people are still afraid and have little knowledge of this new world.
Gradually if people lose their fear and try to know more about this world, this will give a big boost.
I am sure that will be quite helpful for many to adopt bitcoin and start using various cryptocurrencies.
Countries like India can really benefit from this opportunity.
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The Indian government has gone back and forth on cryptocurrency. It is really interesting to watch.
We will see what they end up doing. In the meantime, we just need to keep building things out.
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Well it would but I would also think there would also be a ton of regulations they want to include. I wouldn't mind them actually building one as it would gather countries attention and other countries will follow if things worked out.
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To be honest this news comes with a mixed feeling . First , it is goodnews for the cryptocurrency world and bitcoin lovers but for the part of El Salvador citizens , it is a huge risk taken which the outcome may not be known. There has also been prot at against the adoption which the Government failed to consider.
There should have been proper education before the adoption especially for the ages and those who do not have basic understanding of cryptocurrency especially things like gas fees and stop loss ( for those that will buy bitcoin ) .
I made a post review on this legal tender and I believe that there is more to it than we see
I also agree about the proper education. It needs to be done otherwise people won't really use it. They need to be shown how to use the wallet, how to purchase, how to convert and etc.
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Good point. I agree with you on the educational aspect of things. It can be complicated for newcomers.
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Yeah. They need to be guided properly less they will incur loss from transaction fee and Volatility in general
Tonight I discovered this post by @the-bitcoin-dood :
He noticed a trend in the hacks which have resulted in rug pulls. For me, the money quote is here:
(Emphasis added)
This observation in hacks or rug pulls may be familiar to people here, but it's new to me. It may happen with Binance-based tokens or the ERC-20 analogs on other blockchains, but maybe it's common to actual ERC-20 tokens.
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Rug pulls can happen in any token. If the development team is shady, it is a dead deal before one starts.
That is why it is buyer beware. It is also why many of us stick with Cubfinance and do not stray.
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It's the code in the smart-contracts. Devs don't see all the holes or consider all the possible exploits in what they're writing. They do it too fast. They falsely assume something covers an area of concern. They rely on open source code from other places that hasn't had the exposure they're about to get. Or they just make a mistake and overlook something.
There a many different ways for a hacker to wriggle through a crack. Many of which they find almost accidentally. It's why audits are important. Bounties are important. And knowing the team is important.
Nobody really cares about the code when there isn't anything to protect or lose. But put a few million dollars or more underneath it, and now there is an incentive to attack it. Like I said, Ethereum is open source so basically ANYONE can build something on it. Just like anyone here can build their own token. It's important to know who you're jumping into bed with when you're putting your money at risk.
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That is true. Blocktrades also noted that there are holes in the code because most are not familiar with Solidity. That is why the fact that these smart contracts are written in code that the developers are not fully aware of creates vulnerabilities.
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Which is why HAF is going to be such a big deal. Full circle. :-)
I read through that Speak Network Proposal and even they talk about the fact that working with HIVE is difficult in certain areas right now because of writing to the blockchain. They're actually going to use Peerplays for some of the tokenomics stuff and fully migrate it to HIVE later. I asked the question "Will HAF solve this?". I'll be curious to see the response.
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Nice! I still have to read it in detail but it looks promising.
HAF could help with that from what I understood of Blocktrade's interview on Cryptomaniacs but we'll see.
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It's true that rug pulls can happen in any token. But are some development platforms more susceptible to them than others?
The complaint in the post is about ERC20 tokens, but it's also true that Ethereum is the largest of the development platforms. More opportunities for mischief. Had Binance been the largest development platform at the time, maybe the complaint would be about BEP2/BEP20 tokens. Size matters in crypto as much as it matters in relations.
DYOR is fundamental any time we want to invest in a crypto, even a shitcoin.
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Poly had a number of hacks too, didnt they? I am not sure of the chain...was it Polygon?
I know there was one hit like 3 times in a week or 10 days.
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Yea they had
And also ThorChain had a few in a very short time.
It could also be the case that hacks on Ethereum make more news but I think, as you said, they can happen on every platform if the devs are sloppy
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Well it does look like hacks are becoming more common and the amount being lost is also increasing. I guess we need decentralized exchanges.
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We need more DEX's, not less. Peer-to-Peer commerce needs to balloon in volume. We need more decentralization, not less. More importantly, those cryptos which want to fall under central control can do so while leaving the decentralized cryptos alone.
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Decentralization and Distribution is what we need.
So you hit the nail on the head. We need more, not less.
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Hey Guys, If you want to know what kind of an impact @Splinterlands is having on people's lives then give this Twitter thread by @aggroed (Splinterlands co-founder) a good read:
You might cry if you are an avid player of the game or you love Hive. :')
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Yea I can definitely see people happy with the increased money earned and the free SPS airdrops too.
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I am really happy with the drop and the fact that we are so early. ;)
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I like their charts and images. Like this one:
By the way, I cry eat time I play @splinterlands.
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LOL, don't battle it out too hard Task. Even I win like 2-3 out of 10. I am not taking the game too seriously and playing it only for fun.
These charts and mind-blowing figures made me get into it.
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Well I lose about half of my fights or so if it makes you feel better lol.
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LOL I feel you man
I haven't been wining a lot there either
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It takes me most of a season to get 5 wins to fulfill the quest.
Oh well, We are going to be experts at EXODE (once you teach me what is going on).
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Well you can post the quest you are having a tough time on and we can give you some suggetions.
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The key is to not just do the quest each time. You need to look at the cards your opponent is using in his last five battles and plan accordingly. If you're predictable with which Splinter you're using each time, you will definitely lose way more than you win.
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So the plan is to do stupid things just to see how your opponent responds. Once you have the info you need, then you execute your tailor-made battle plan.
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lol No. You have to look at the cards they've been using and then choose your cards to negate that. If they like to use magic all the time, you can use death. Or if they are always using Fire, you could use Earth. Whatever summoners you have to combat the summoners they've been using. And then when you get the chance, you can sneak in you quests. Either when it happens to line up with combatting the opponent, or sometimes just out of the blue. Remember, they can see your last 5 battles too. So if you're just using Malric over and over, you'll keep losing to their magic or speed or thorns, or likely all three.
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Ooh I didn't even know that! I guess I should be looking at other people's battles then... That makes a lot of sense
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Hahaha yea, we got time to prepare for that one so we'll be rulers of space when it's done
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Some other countries where politicians called for Bitcoin adoption. In most cases, it's only tweets published by politicians of said countries but I guess that's how it starts.
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I havent heard any news out of Miami about either MiamiCoin or the quest to buy Bitcoin with the city Treasury.
That is something else to look up. Mayor Suarez is surprisingly quiet of late.
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There's a website you can go to to learn about MiamiCoin; what it does, how to get it, etc.
https://www.citycoins.co/miamicoin
It looks like San Francisco is next....although why anyone would ever want to buy anything from that place is beyond me.
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"In San Francisco, crypto buys you!"
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San Francisco is horrible. I don't know why they would want to start up there when you can get away with shop lifting if its under a certain threshold. I don't see why they would care.
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Haha is it really that bad? I only know it from movies and pop culture.
And the 49ers... hmm yea I can see it now
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Yea I am surprised that he is so quiet. I would think there would be some articles about the various companies moving in.
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I looked. Nothing really written about it in 3 weeks.
Very odd. Makes me wonder what is going on.
Not sure how to look up where the coin is trading, if it even is.
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okcoin.com seems to be the only place to trade it. Didn't bother looking up price. It looks like it's set up mostly to mine it using STX.
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Have you heard much being mentioned about Bitcoin by the Brazilian government?
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Not a peep. Of course I live in the north US so not many people squawking about Brazilian politics around me. I'll keep my ears open though.... :-)
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I haven't, but I'll dig into it.
The political situation here is a shit show recently and a lot of dirt on the president is being unveiled, so that's all the news is talking about for now.
Maybe there are Bitcoin talks happening, but they aren't making news. I'll investigate
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Well...it starts off small and then it balloons into something bigger. Let's just see more of them adopt it and maybe if crypto mining is great for tax revenue, we might see more acceptance by the government.
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I searched "EL Salvador" and Google suggested me this:
El Salvador is now bitcoin approved. ✌
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It seems you might really set yourself up to be in the lead if you link all those search results.
72 million comments might be a record for @leomarkettalk.
But you have to sleep so half will be okay. We might have to open up a few more rooms for you.
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I might freeze the blockchain or my fingers while attempting that. 😂😂😂 At least I would freeze the LMT thread for sure and yes, you might have to open up a few more rooms. Full-time job for both of us.
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Where do I sign up? 😁
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Too late for you! Heck, too late for me!! We're already signed up.
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Yes it is. Perhaps @amr008 would write a script for both of us. LOL
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Lol, then it's a full-time job for him. 😂
I am ready to write him a big fat cheque for doing that.
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Lol A cheque?
He is smart enough to only accept crypto.
Perhaps send him some STEEM. He might like that.
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Soon a Cheque book will become a rare NFT, lol.
I don't have STEEM to give but HIVE & LEO and others too. I am sure he accepts anything, even DOGE - still better than FIAT.
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Are you planning on automating it? I feel like its possible but I am not sure how accurate it is.
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A very bullish view on how #BitcoinDay could start a Snowball Effect for crypto adoption in the near future.
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There are a lot of things that will play into that in my opinion.
We are seeing so many areas where expansion is taking place. This is just one of them. So many different layers where growth is occurring.
Simply mind-boggling.
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No capital gains taxes and permanent residence for crypto entrepeneurs? El Salvador is all in with cryptocurrency specifically Bitcoin (BTC). Siete de Septiembre will be a day to remember!
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Heeey that sounds really grat
Put that on a shirt
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Haha thats why I love you man! Great work
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Maybe on the back have DIOS UNIÓN LIBERTAD (G-D, unity, liberty), El Salvador's motto!
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Too bad that tends to be a country that can be war torn at any moment.
Perhaps this will enable a lot of investment into the country and help them to clean things up.
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Well how much is capital gains there? I remember hearing that transferred money into the country is like equal to 25% of the GDP so I doubt they earn any taxes off that.
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Have got time this weekend guys , will be changing the banner promotion script so that it takes even the hyperlinks within the text like this and not just https://leofinance.io .
Till then bear with me :)
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Been told that the banners I made are spammy. Up to you but I would say do not even bother using them. Funny thing? Did not see any submissions for something better. It is what it is.
Well...I think I have only heard one person say it but I like your banner. So I would say we continue to use it.
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Spammy ? Nahh I didn't think so .
I will continue using the same .
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I like them Sarge! I think they help us grow
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Who said they look spammy? I think they look professionally done.
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Thank you. Don't mind me. I was having a poor me moment when I made those comments. Shit happens! 😋
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Why do I even fucking bother? (As you can see, I do not take criticism well. Low self-esteem I guess). 🤣
Its okay not to take criticism when its just BS :)
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Awesome bro!
Thanks for the great work as always
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My pleasure :)
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Awesome. Good to see you back in action. This would be quite helpful because sometimes I forget that I cannot add hyperlinks while sharing leo finance posts.
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Yeah I saw that many users here are using the direct link to words which is very good . I will try to fix it on Ganesha Chaturthi hehe
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That is no problem. We have been going this way for a number of months.
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Yeah , it helps SEO in a big way .
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I think that would a be a great thing. Take your time as we are not in a rush.
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El Salvador bought 200 Bitcoins ahead of today's rollout. President Nayib Bukele also announced that they will be buying more coins in the future.
They have a homegrown BTC wallet called Chivo, which comes pre-loaded with $30 worth BTC if you register with a Salvadoran official ID.
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It seems like the official ID is a necessary thing since its to reduce the fraud. I wonder if the government will start paying for their bills in BTC from now on.
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Start paying for their bills or start accepting Bitcoin for bill payments? I am confused. 😮
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Well BTC is legal tender...so its official currency. So they could start paying government related services with BTC.
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Chinese investors are looking at Paraguay for Bitcoin production.
After the Chinese exodus, many investors are looking for other locations to set up mining operations and Paraguay is a strong candidate as it has a considerable surplus of renewable energy.
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That is great. There is speculation that Texas is going to benefit.
I also posted an article that cited Bitcoin mining going to Vietnam.
I guess there are a lot of contenders.
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Yea there is. I feel like only China is losing out since they kicked out the miners.
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Well that is a smart move. I don't see any reason for these companies to go where energy is cheap (either by using resources there or tax cuts).
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Bitcoin as digital gold?
This is what legendary hedge fund manager Bill Miller seems to think.
I see this a lot more than a payment system. This is a role Bitcoin can fill.
There is no doubt it can be a collateralized asset from which economic activity can be built upon.
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Personally, I thought this was basically a foregone conclusion when it comes to Bitcoin. While I know the Lightning Network is really starting to branch out, I didn't think anyone really thought it could eventually be a transactional coin. At least not for little purchases. I guess time will tell.
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I have the same thinking... I don't believe many people would spend their BTC but rather hold on to it. Maybe in the future that can be a thing but even then, I think there are other tokens better suited for that
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I dont see it as transactional coin either.
Lightning network is actually another system all together. To me, that isnt Bitcoin but something else that has its own vulnerabilities.
We will have to see how things go.
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Well yes it will be digital gold but I don't know if I want the chart of BTC to follow the chart of gold in the past.
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I am not really impressed with the pick of the new curators for the @leofinance whatever voting account. @whatsup is one of the new curators. Made a post and upvoted herself. Bad form, very bad form since, as far as I know, she is the only beneficiary of rewards. Does @hivewatchers care? As usual, no.
At least @acidyo has a set. I do too. WHALES do not scare me. Never have.
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lol, I'm not going to downvote you. No need to be brave.
Have a nice night Dan.
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Would not care if you did love. You have a nice night too!
My thoughts about a new 🐬 logo. A refabrication of something I made a while back. That includes WHALES not treading on us. Just call me an Adams Federalist (John Adams is my cousin after all).
Most of you will not touch this comment with a ten foot pole. I get it. No use, as many of you are fairly new and even old timers don't want to be part of this drama.
Not impressed with this newest of curators who decides to curate herself. Folks with small amounts of HIVE don't get away with it, yet the OLIGARCHS of HIVE do? Tell me again how blockchain is different from the legacy economic situation we have now? @onealfa.leo did it, and I will do it. Calling out crap. I like @whatsup and it is nothing personal.
Play it safe and do not respond to this comment. We all know how it works. I just happen to be one of the self-sabotaging types. Never been part of the STEEM/HIVE politics. Shit is shit and this is shit.
Dan, I'm not a hive whale. The purple whale avatar, is just an avatar.
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So, along with everything else, you misrepresent yourself and false advertise? Some people have no shame (or ethics). 🤣
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Wait 'til you find out I am also not purple. :)
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447 comments with 1 hour, 15 minutes to go (not including this comment).
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I managed to clean us up to 500 comments (not including this comment).
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Around 1 September @readthisplease wrote this article concerning some confusion surrounding Bitcoin's status in El Salvador:
FUDsters are saying that Bitcoin will be required, but @readthisplease is saying that President Nayib Bukele is saying that's not the case. To me it looks as if the use of cryptocurrency is optional in El Salvador, but when it is used it must (by law) be Bitcoin. Left unsaid, but understandably, is that USD still rules the economy in El Salvador.
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It is true. Nobody will be forced to deal with crypto if they don't want to. It's as simple as that. President Nayib Bukele and their government have clarified this multiple times. It's all part of a larger FUD attempt going on against this law.
I am sure it will be there for a while and co-exist with Bitcoin and other cryptos. Not going anywhere too soon. It's just that now El Salvador is not fully dependent on USD or the USA's economy. This dependence is expected to diminish over the years to come.
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What if the flow of money into the United States from El Salvador increases as a result of the use of Bitcoin there? Isn't that what a country wants from its neighbors, more money? That BTC from El Salvador which ends up in USA could end up being converted back to USD sooner or later. This point gets little mention, but it could happen.
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Sure. More money and good relations.
Sorry, I didn't get your point.
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Price increases. Both the seller in El Salvador and the buyer in USA get to cash out the BTC for USD, but due to when the cashing out takes place the American may get more USD than the person cashing out in El Salvador. I think "arbitrage" is the word I should have used earlier.
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USD is what people are use to. Obviously it will take time to change. But if it's not mandatory then it probably means that people won't really start the move anytime soon.
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Yes, I think that's correct. The fact that Bitcoin is legal tender means that you cannot refuse it as payment should someone chooses to use it, but USD is still going to be accepted just like before.
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So El Salvador will have 2 legal tenders: USD for fiat money and BTC for crypto. Any Ethereum or Dogecoin fanatics going to El Salvador had better convert assests to Bitcoin first.
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Hahaha that's right
Unless the president goes crazy and decides to make those legal too!
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If the experiment in El Salvador works, why not? He could even have the legislature pass legislation which allow all forms of crypto to be used in the country, and he would sign that legislation into law.
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I'm not sure how long this has been the case, but tonight I saw this when I visited State of the Dapps' homepage:
Hive appears 2 times in that screen capture of the home page. Word is getting out.
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Hive has a decent number of DAPPs in its ecosystem and if you compare the top ones with other equivalent DAPPs then we have better activity too.
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If we go by State of the Dapps, Hive has 1% to 5% of the dApp count of Ethereum. It doesn't mean much beyond being a point of reference. What matters is that Hive has the kinds of dApps people want. What also matters is how easy it is for developers to create dApps for Hive from conception to official release; Hive has to make it worthwhile for developers to choose it over Ethereum or Cardano or Polkadot.
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No. of DApps on Ethereum might be more but as you said Hive has more quality work and we provide a better user experience simply because of 3s feeless transactions.
I am 100% sure that bootstrapping cost is much less as compared to Ethereum. DPoS is so damn cost-effective and efficient.
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Are you sure it's our HIVE or is it the stock HIVE?
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Yea, I have the same question...
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It's #HiveFixesThis Hive. I just confirmed it a minute ago. Hive dApp rankings are at this page.
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Hopefully it's our Hive!
If so, that's great news! It's the dApps that will promote mass adoption and we need all we can have out there
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What made Apple's iPhone a smashing success immediately in 2006 wasn't the actual phone; it was the App Store. Apple had the foresight to set up the App Store and load it up with apps by developers. For years there were commercials based on the theme "there's an app for that." Without the apps from the App Store, iPhone would have been like a BlackBerry device.
(For reference, Casino Royale (the 2006 James Bond movie starring Daniel Craig) was made and released in the pre-iPhone era.)
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I'm not sure if Ars Technica is considered a fair and balanced source of cryptocurrency news or if it is known as a source of FUD, but it posted this article in June about the Bitcoin situation in El Salvador:
My question is why would El Salvador-- or any other nation in similar circumstances-- want help from the World Bank or any other part of the global banking system? I thought the idea was to bring money into El Salvador by eliminating as many middlemen and intermidiaries as possible.
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Well I think its probably because they still need funds and world trade is still something they want to keep. After all, they would want to make sure their economy is running.
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El Salvador can still trade with other nations. It's not under any sort of sanctions regime. I just doesn't need the World Bank. For many nations, the World Bank and IMF (and the rest of the nation-state-level banking system) is a scam; just ask people in Cyprus, Greece, and Italy.
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The problem is that the World Bank and IMF tends to be cushy buddies with a bunch of countries and could definitely affect the economy and what happens going forward.
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In theory, the World Bank, the International Monetary Fund (IMF), and other global financial institutions formed by partserships of nation-states after World War II were supposed to help newer nations and developing nations improve their economies to get out of poverty and become relatively wealthy. While the World Bank and IMF did that, it came at a cost for client nation-states. This cost has hindered their potential to become much better off economically than they are now.
Essentially the major banks running the World Bank and IMF benefit while their "customers" struggle to pay down debts. World Bank and IMF do to nation-states what banks do to people, and you can see how that turned out for us.
Maybe there needs to be a cryptocurrency (not CBDC) geared for nation-states as a counter to World Bank and IMF. The problem with this concept is keeping this nation-state crypto decentralized.
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Apparently, they have a lot of debt, which costs them a lot and so they are looking for help to bridge that gap and balance things a bit
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Debt is what keeps nations poor-- even the United States. When a nation has more financial obligations than it has assets to fulfill those oblications, it is a poor nation.
Maybe crypto can be used by El Salvador as a way to fulfill those financial obligations and draw down that debt burden. If the move to crypto can spur direct and secondary investment in things associated with crypto to make it work, then it can serve as a nodel for other nations to follow.
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Yup, that's what they are trying to fix with the programs offered by those entities.
They might have to do that on their own now, though
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They should do it on their own, or they should allow their respective private sectors to do it for them. Keep World Bank, IMF, and their ilk our of it.
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The problem with the private sector is that they will never risk that much money for the same low rates that those institutions offer so it's a no-go.
But either way, they are probably gonna have to do that on their own anyways because the World Bank and the IMF aren't happy about the whole crypto deal
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That's because the private sector uses its own money. Even if private sector companies are foolish in spending money. they are held to account for it and that's never fun. Public sector institutions, on the other hand, use Other People's Money, so they don't feel so bad in spending it or mismanaging it.
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2 hours, 30 minutes into this edition of Daily Crypto Markets Live Blog, and there are 104 comments.
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I am not sure but we are now above 200 before I go to sleep. So I think we might be able to hit 500.
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14 hours into the live blog we're at 353 comments. 500 or even 600 comments is doable.
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I am on clean up duty...so I am pretty sure we will hit 500 even if it's after the fact.
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At 24 hours the live blog was in the 450-475 neighborhood. Comments posted in overtime will bring this edition of the live blog to 500+.
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Definitely a good start. Our experience tells us that it's very important to have big numbers this early
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Big numbers are needed early and often-- and not just the generic tiny generic comments, either. We need to give people reading this live blog who don't normally comment or reply something that makes their time here worthwhile.
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Well said.
I think that's the new idea with the main topic for the day! Let's see how that goes
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The only bad thing I see coiming out of this is people spending too much time in the loo reading this live blog and then a leg falls asleep.
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Makes sense to Stake because you get more SPS which you can stake and compound your earnings. If you are not taking the advantage of this Airdrop then it's a lost opportunity to make free money. So many months of Airdrop is still remaining.
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Well the APR is dropping over time and I think people want to stake the SPS so they can buy the chaos packs.
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If you are doing crypto and not Hive, are you even doing crypto? Soon it will be uncool to not know about Hive like it is uncool to not know about Bitcoin.
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Lol. I would think we are at the 2nd or 3rd phone right now since we have a hot game like Splinterlands.
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Haha, yeah we are a bit ahead. The idea was to show how early we are. Things are just getting started to heat up... so... BUY HIVE 😁😂
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Why buy HIVE when you can earn HIVE lol.
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We know that many celebrities shill cryptos. Some shill for Bitcoin, Ethereum, and most especially Dogecoin and even Shiba Inu. Many of these celebrities are A-List, but many more are those who aspire to be on the A-List.
For many celebrities of the set mentioned earlier, the shilling they do is for shitcoins and scamcoins. Dave Portnoy shills for SafeMoon, but I don't fault him since he knows for a fact its a scamcoin so he didn't lose the rent money or payroll on it.
Given that there are more shitcoins and scamcoins in the cryptoverse than there are solid crypto projects such as Binance Coin, Polygon, THORChain, Chainlink, Cardano, Solana, Terra, Monero, Polkadot, Avalanche, and Hive, these celebrities and other shillers need to know which cryptocurrency is worth the effort to shill for.
Sick of Shilling for Shitcoins? #HiveFixesThis
Sick of Shilling for Scamcoins? #HiveFixesThis
Disappointed with Sportscoins? #HiveFixesThis
You get the idea....
Special mention to @the-bitcoin-dood who posted about this topic at D.Buzz recently. It led me to consider how #HiveFixesThis can be used in this context.
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China's loss might be Vietnam's gain.
No this is not referring to the manufacturing that is moving out of China in favor of the lower labor cost country of Vietnam. Instead it is Bitcoin mining.
I think China made a mistake with their ban of Bitcoin mining. That is going to come back to haunt them.
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I think so too. I wonder if they will flip and try to get them back once they realizetheir mistake
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The CCP doesnt make mistakes. That is their main mistake.
China always had an arrogance about itself, for centuries. This always cost it big time. Like when they built the beautiful ships hundreds of years ago, one that were top heavy and could not sail on open waters.
They were pretty but the country needed cutters which others built. That is why they were not part of the global shipping success.
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They don't try to fix things until its too late.
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Interesting historical fact. I actually didn't know about that.
Leo Market Talk can educate us in many ways
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Yea but we all know China is doing a lot of things hurting them economically right now. Just look at all the fines and stuff on Chinese stocks listed outside of China.
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I still think they have an ulterior motive behind their decision. Not sure what it is but I don't doubt it's nefarious... Time will tell as always.
Of course, maybe they're just planning to fleece it all fully-mined from Biden.
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The first official Bitcoin purchase by a country was done today.
This is literally history in the making folks. We are seeing a nation purchasing Bitcoin. I imagine this is not what Satoshi envisioned but here it is.
We have the opportunity to make some money off governments and Wall Street. Eventually, they will control most, if not all, of the Bitcoin supply.
Nevertheless, those in early can ride the price run up.
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It's a funny coincidence that it happens on the same day as Brazil celebrates its independency from Portugal
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Maybe not a coincidence. There could be bigger forces at work.
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Definitely not a coincidence! 🤞
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Siete de Septiembre (7th of September), a day that may become a holiday in El Salvador. Their Independence Day is on the 15th of September, nine days away.
There is no such thing as coincidence in my opinion.
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That's cool! How do you guys generally celebrate this day? Do parades happen?
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Yes, usually there are parades but right now the political situation here is very unstable so rather than celebrate, the enemies of the president are going to protest for his removal and his supporters are going to protest for his permanence.
We'll see how that goes
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Lol. Politics screws up all the fun little good things. Screw it!
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Have a happy Sete de Setembro. Here in the United States Brazilian Day, as it is called here, will see a celebration in New York City near Times Square! This is a look at the celebration back in 2019.
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Thanks!
Yea, I remember hearing about that celebration! If I remember correctly, there used to be concerts featuring famous Brazilian artists too.
Probably didn't happen the same way recently due to COVID but it used to be pretty big I think
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They now HODL 400 Bitcoins. And they will be buying more. Celebrating this day as #BitcoinDay on Twitter.
Everyone's going to watch El Salvador today and for many months to come. I am looking forward to seeing how they upgrade their infra and support Bitcoin transactions all over the country.
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It will be interesting to see what happens if and when the price doubles to $100k over the next few months. Or tanks back down to $20k....
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Haha. Ofcourse I don't want it to tank but yes, it would be really interesting both ways. 😂 Roller Coaster Ride.
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They need that BTC for the USD 30 airdrop everyone in El Salvador is supposed to receive. Once that's covered, who knows about the rest.
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Yea, I think the government will hold some of the BTC they bought.
I read that they said they would be buying more
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After 10 years, countries that will hold more BTC they will be doing their own space missions without any external help. LOL! 😍🚀
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Hehehe that could be the case indeed
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I think this scheme is limited! 😂 So hurry up.
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If this experiment in El Salvador fails, it's back to plain old USD. Still, lessons learned from the failure can be used by other nations as they make their own experiments with cryptocurrencies.
If this experiment succeeds, then we will be witnessing an epic transformation of commerce and finance. It may even reach the point where Americans immigrate to El Salvador in large numbers.
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Last I heard, El Salvador had purchased 400 BTC. I don't know if that will be it or if more will be bought by the government there.
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Yea, I heard that's what the had before the deadline but I also heard they would continue to buy so who knows how much they will end up with
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There's no limit to the BTC which needs to be purchased, only a minimum.
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It's #BitcoinDay and #HIVE is pumping :')
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I went to go check the Splintertalk community and realized that the SPT tokens stopped coming out after their switch to Outposts. It wiped out all the tokens we got before the swap over to the new UI outlook so no tokens are being issued.
Tagging @taskmaster4450le since he asked about it.
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You mean all the pending post rewards are gone once the switch happened?
Are they going to do something about it?
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As for them doing anything about it, I don't think I have heard anything yet either.
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Yea it seems like all the pending post rewards got wiped...so it seems like SPT tokens were not issued. So I don't know if its a bug since it only shows posts that have been created after the outpost was implemented.
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Check out Tulio's comment below. Payouts should resume in about 7 days after the transition.
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Ah thanks. I just came back to the thread and I saw the discord screenshot.
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I read on Discord someone saying that payouts should resume in about 7 days after the sitch to the outpost
Tagging @jfang003 and @dagger212
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Nice find! Thanks. I went looking on Discord myself and never found anything related to it. That place is kind of nuts. Lots of newb's looking for answers...lol
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Hehe no problem!
I stumbled on it by chance on LeoFinance Discord and thought I'd share it here
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Alright. Okay, no problem. I did not lose much I guess. I made my last post on Splinterlands after the transition, sooo... I am good anyway.
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Thanks. It won't matter much in the long term so I guess we can just move forward knowing this.
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What does this mean? Do we have to do something? I noticed my delegation to @monster-curator hasn't paid me any tokens for a few days....
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Well if they aren't getting tokens from curating content then there is nothing to send. I think it's similar to what happen after HF 25 on HIVE. We just have to sit through the week without rewards but it should start working again after the week is over.
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This is off today's topic but I believe it's also very important:
SPK Network Funding Proposal is out! This is a very comprehensive post so take your time and give it a look. It will be worth it
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It is so good we have to post it twice. LOL
In case people want to read it again.
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Hahah you did a better job marketing it with the fancy image and all!
But yes, I hope it finds its way to people because it really is very good.
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Ah ok that is nice. I'll go vote on the proposal after I read it through.
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SpkNetwork has put forth a proposal for funding of the network.
It is a long read and only briefly skimmed it.
Certainly something everyone has to read in detail. It is something we are all excited about.
Give it a look.
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It seems the UK regulators are no fans of the Kardashians, at least Kim.
I get what they are saying but really, if anyone buys a cryptocurrency based upon what Kim Kardashian says, he or she deserves to lose their money. This holds true for any celebrity.
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Well it's not just Kim Kardashian. It's pretty includes a bunch of youtube/tiktok/twitter social influencers as well. But yea I don't know why people don't think before they invest.
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Lol that's true
We have a few celebrities here promoting crypto projects that are obvious scams and some of them are even getting scammed themselves.
That's one of the reasons I hate the so-called digital influencers.
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Digital influencers are about as worthwhile as a roll of toilet paper. Wait, that has a use case.
I just share what I know about technology and cryptocurrency and let people take the information for what they want. That is the best way to influence. People are free to disagree with me or think I am wrong. That is what makes the world go round.
But people need to do their own thinking.
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It's the biggest issue I see now. They don't think and they just follow what the main stream media says.
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Yea, that's true.
You also live it every day. You have skin in the game, which provides credibility.
I see many celebrities advertising crypto without having any idea what it is all about.
People said Sunny Boi paid a bunch of celebs to advertise his crap, even though he denied it
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Yea the entire "Save the kids" things was horrible. Right now its an entire blame game right now because everyone involved knows they are in trouble.
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I'm sure Kim Kardashian is sick of getting burned by shilling for cryptos which turn out to be "unreliable" (to say the least). She should consider more dependable cryptos to shill.
Sick of shilling "unreliable" cryptos? #HiveFixesThis
She and all other celebrities and influencers can restore their good names by shilling for Hive to make up for the embarrassing incidents caused by the other cryptos.
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Pros and cons for El Salvador after making Bitcoin legal tender
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I don't understand how the forex market will work together with BTC though. I guess it might just be converted into dollars or are they going to use BTC/current pairs?
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That's a good question. I was assuming it was the former but now that you mentioned it, I'm not sure anymore...
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El Salvador held 400 BTC this monday and was going to buy even more before the deadline.
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Hive is still holding strong, just below 80 cents.
Here is what Coingecko has Hive at.
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That's some very good news! Let's see what happens in the next few days
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Yeah we need to hold the 10s.
So if it crosses 80 cents, lets see if it holds. A run up in Bitcoin pricing due to the move by El Salvador could really help the entire cryptocurrency market.
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Looks like it did in fact.
As I'm writing this, Hive is at $0.81
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Yea Well it looks like it's above $0.80 right now so lets see if that support holds.
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"El Salvador" search trends:
Two spikes:
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It will probably increase as the new media put out the FUD articles. We all know its coming.
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That's true. The FUD wave is gonna be big. It could be the biggest one yet
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FUD is inevitable. We can clear out the air with our own research. Fighting the FUD with facts.
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Steve Forbes is already at it with the FUD. Sadly the man does not have a clue about Bitcoin (BTC) or cryptocurrency in general.
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Hey, he could be President!
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For all the Bitcoin talk, let us not forget that Septemer 2021 is altcoin month.
The altcoin season index is starting to swing. We have a lot going on including the nearing of the total cryptocurrency market cap exceeding a new high with Bitcoin well off its highs.
Fun times.
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Let BTC take a rest. It's time to see tokens like HIVE pump.
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I hope we see our Hive tokens jump!
And I wouldn't mind if RUNE got back to it's glorious days either
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Yes, I'd like to see RUNE take off as well. There are a lot of people starting to pay attention to it. Just needs to get a little more press.
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It isn't hard to see whose side the authors of these articles on are with their headlines...
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Funny, you don't see many "Bitcoin has already appreciated 5% in the El Salvador peoples' wallets while the US closes in on printing another $3.5T for pork-filled infrastructure bill" articles. I wonder why that is?
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Because the main stream media wants that infrastructure bill to pass. It's obviously just a bunch of hand-outs to people who would benefit from the bill even without getting paid.
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Heh that's true.
And I think it's just the beginning.. we'll see lot of FUD coming out of that
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Even though there are lot of uncertainty about crypto in India , the crypto businesses aren't stopping from entering India.
Crosstower crypto exchange enters India
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That's cool. I hope the government doesn't drive them away!
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They might .
THe crypto bill is in the list of bills that will be introduced in the parliament in the coming session , we have to see how other politicians responds to it .
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So is the government still flip-flopping on crypto?
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Do you know?
Hemp Plastic is the only plastic that's 100% biodegradable. Hemp plant consumes 4 times more CO2 than other plants from the atmosphere. The fiber we can produce from the plant is stronger than the conventional fiber we are using these days.
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Yes and the Declaration of Independence of the United States is written on hemp paper. True fact.
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Hah, didn't know that!
But I guess it makes sense since hemp fiber was so much used back in the day.
It has really interesting properties but it's a pain to work with because of all the regulations. At least here in Brazil
Back in college, a friend of mine was doing some research to develop a new compound fiber and he wanted to use hemp, but the paperwork was so massive that he gave up
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Wasn't this a Hoax Dan? I saw it in the news. But you can't always trust them.
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Not a hoax. Hemp was a very big crop here in the United States. We have a term called smoking rope here in the United States. Rope was traditionally made from hemp.
Hemp is very easy to grow. There is a reason its nickname is weed.
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Even some types of fabric were made from hemp. It's actually a very versatile material.
It's a shame that we don't use it as well as we could because of very outdated ideas and limitations
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— SEWPORT.COM: What is Hemp Fabric: Properties, How its Made and Where
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Oh yeah. That's so cool. In India where I live, it grows automatically adjacent to the roads. Big 6 feet tall bushes of Weed. 😂 😂
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Ah now that is something I don't think I have heard of before. Then again I doubt schools would try to promote weed to students.
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Let's go green!
I bet the media is gonna twist the fuck out of this lol
I can already see parents protesting this because it will turn their kids into potheads
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Everything hemp-related will make you a drug addict. 😂
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Lol I can definitely see this happening.
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Biodegradable is good. I support their change to this and hopefully we will see more companies do the switch as well.
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Question for everyone:
Who gets under your skin more: Bitcoin or Ethereum maximalists?
They are both annoying but at least the Bitcoin people have the store of value on their side.
The Ethereum people do not seem to realize all the obstacles they have in their way.
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Definitely the Ethereum people. They talk like paying $100, $200, even $300 or more in fees is nothing to be bothered with. It's a very narrow-minded group. Bitcoin people at least have some decent logic behind their convictions. The vast majority of the tokens out there are NOT really very decentralized. Ethereum included. There is still third-party risk on almost all of them.
I'm not a maximalist because I see the value of these other tokens and feel like they will eventually get some of these things solved, but the Ethereum people act like they don't even exist. It's THEIR smart-contracts that are being exploited on these rug-pulls. It's not necessarily Ethereum's fault, but they are certainly not doing anything to help stop them. They just keep collecting the fees and let the defi world fend for itself.
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Honest answer: Nobody.
I hate coins which are pumped through celebs or coins which lack use case.
I have read a lot about ETH, only thing that is against them is Mining, the moment they drop the miners 100% from network, they will become strong like avalanche (AVAX) and it'd be really hard to stop ETH from being part of a strong use case.
We as you said , both are annoying but for me the most annoying ones are Shibu and Doge maximalists here in India .
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Are they that bad there? I am guessing a ton of them are followers of Elon Musk too.
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I don't think about either, but to answer the question I will pick ETH maximalists. At least BTC maximalists can point to 21M BTC and the price of BTC (especially as it reaches new ATHs). I'm not sure what ETH maximalists can brag about since ($$$ > code).
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Bitcoin (BTC) maximalists along with HIVE maximalists. Both are annoying and ignore reality. Sort of like the TRUMP cult and the LEFTWING cult. The blind leading the blind.
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I believe the ETH maximalists are worse. I know a lot less ETH maxis than BTC maxis but they are still twice as annoying. That says a lot
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Well I would have to say ETH even though both are annoying. I would agree that BTC does have store of value but ETH might also have that with all the burns.
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@joseph23's view on what could go well and what could go wrong after #BitcoinDay in El Salvador:
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Yeah . Thanks for the mention. Indeed there are many uncertainty facing the adoption in El Salvador
Who bought $30 dollars worth of Bitcoin?
I decided to participate. I bought mine tonight instead of waiting
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That's nice to hear , I haven't bought BTC recently but I am buying CUB , LEO etc
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nice!
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Not me, but then again I believe Bitcoin (BTC) will go the way of MySpace. Still around but irrelevant in the grand scheme of things.
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If MySpace still around? Daamn
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I did!
I was already planning to buy some, so I thought what the heck.
Bought 30 USD first and then will get the rest tomorrow
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Good thing you waited. lol
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hahaha I know right!
THis DCA thing is a real life saver
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Mum says social media is a waste of time.
Mum, please, did you even see my comments on LeoFinance? 😒😒
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My Indian mom: Launches a flying sandal aimed at my head.
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Social media is a waste of time-- except when it's Hive.
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!giphy captain obvious
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Via Tenor
Haha, that's not always right. You can earn from traditional social media websites too. There are so many opportunities there as well. Crypto provides better and more open opportunities. ✌✌✌
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It's true that people can earn money from "traditional" social media (as if it's been around for generations!), but that's only after acquiring insane numbers of followers. It's like living the real-life version of Rising Star only without the sex, drugs, and rock'n'roll. Many try, few succeed.
For many people, traditional social media is a rigged system benefitting only The Few.
Hive let's you start from 0.00000000 and a few days later you receive your first earnings. Initially modest or even embarrasing, a point is reached when earnings are good enough to begin delegating and spending on games.
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Rofl , I am at that stage right now that if I am not on Hive , my family members ask why the hell are you wasting time ?
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LOL
That's awesome man. Living the dream lol
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Then you must listen to your family bro. 😁
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Lol yeah I know right :p
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Lol. Are you still onboarding your family onto HIVE?
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That is the weapon of choice for Puerto Rican mothers as well. We call sandals or flip-flops, chonclas.
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Lol and it doesn't include all the other HE tokens you are earning along with HIVE.
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The legalization of Bitcoin as legal currency in El Salvador has really added to the Bitcoin rolls.
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Keep distributing it far and wide. The wider it gets, the less controllable it can ever be.
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You knew this what your opinion is that you think of this
Bitcoin price plunges below $43K in minutes in crypto market rout
Eightcap launches more than 250 cryptocurrency derivatives, positioning itself as the largest cryptocurrency offering for retail clients.
New news what do you think of this what your opinion?
news has just come out R $ 3 billion and the biggest theft of crypto in history a Hacker managed to hack into system and take giant amount in crypto
Where did the hack occur?
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Poly Network
It seems SEC is trying to regulated the exchanges and the DeFi.
https://www.coindesk.com/policy/2021/05/06/sec-chair-gary-gensler-recommends-congress-regulate-crypto-exchanges/
Good! Centralized exchanges need to be regulated in my opinion. Truly decentralized exchanges can not be regulated. Not because of legal reasons but simply because it is impossible to do as long as the internet exists!
The only way a decentralized exchange could be regulated is if the entire internet could be regulated. The technology may or may not exist, I do not know. I am sure that governments are looking at ways to do this though.
It is always about control and power.
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Anyone have any idea about market dump today?
I'm assuming too many people went long leveraged again and the CEX's decided to wipe them all out. That's why this is a HODLers game. Timing the market gets you rekt.
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A youtube video I saw said 1 month ago, BTC was around 44k and there was a low amount of leverage. So it would make sense that people started adding leverage as the price went up over the past month and why 44k or so was the point where it dropped to.
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Thanks! It's a good reason. Still waiting for the market to be recovered :(
It was rather fast so it is interesting.
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I could come up with all sorts of factors that have influenced the crypto markets today. I could talk about Steve Forbes FUD video. Maybe legacy financial institutions are dumping after pumping. Who knows? It all boils down to:
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Well it was a 20% price cut and it didn't last very long. So I would say it's really bullish since it didn't drop for long.
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The price of Bitcoin just took a dump along with most of the rest of the cryptocurrency market.
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It happened while I was busy during the day. Prices have generally recovered somewhat afterwards so I guess things are fine.
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Oh wow time to buy!
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Did you buy the dip?
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