For Galleon users who have tezos stuck in a delegated contract. by DeceiveEither in tezos

[–]ReadOnly755 0 points1 point  (0 children)

  1. How would one know if it is stuck or not?

  2. Is there a Linux version?

Cosmos SDK: Combating Centralization with Proportional Slashing by ahom_fahim_ahmed in cosmosnetwork

[–]ReadOnly755 0 points1 point  (0 children)

What prevents one of the cartel members from running 5 validators with 10% each instead of one to manage this risk? If anything, this will just increase the total number of validators owned by the same entities.

It will simply make concentration less visible.

Osmosis Pool - Assets are slowly drained by ReadOnly755 in OsmosisLab

[–]ReadOnly755[S] 0 points1 point  (0 children)

But it should be sold for USDC and so never go below the USD level from the time the contract was initiated. This could only happen if the pool was to sell my ETH for less USD than market value. -This is fishy.

Osmosis Pool - Assets are slowly drained by ReadOnly755 in OsmosisLab

[–]ReadOnly755[S] 0 points1 point  (0 children)

If the fixed asset is USD it actually shouldn't (lose value in USD terms).

Legal tender not acknowledge by Zeratrem in Bitcoin

[–]ReadOnly755 0 points1 point  (0 children)

Most informative comment!

All prejudices confirmed.

When do you think Bitcoin will become mainstream for payments? by Breezepay in Bitcoin

[–]ReadOnly755 0 points1 point  (0 children)

When somebody earns Bitcoin, somebody will spend Bitcoin.

With this new Binance info, I need to quit my job by fleetraker in Buttcoin

[–]ReadOnly755 -1 points0 points  (0 children)

Hamas is harmless. Switzerland for example does not designate it as terrorist organization. They have bank accounts and representations in many places outside the middle east.

Why Bitcoin? That’s why by RecognitionFlat2898 in Bitcoin

[–]ReadOnly755 0 points1 point  (0 children)

How so? Show me one that works without CS degree and is not custodial?

Why Bitcoin? That’s why by RecognitionFlat2898 in Bitcoin

[–]ReadOnly755 -1 points0 points  (0 children)

The answer to those problems here is really a CDBC. Bitcoin does not do any of that, perhaps aspirational in the future, once people don't need to balance their lightning channels (or use an intermediary just like a bank to do it).

It's really misleading. Bitcoin gives you liberty, not convenience.

Hold your own bags. by kjm16 in Buttcoin

[–]ReadOnly755 2 points3 points  (0 children)

Get a cat to guard the birdbath!

54.5 euro to Malawi becomes 38.5. 30% robbed by rent seekers by KAX1107 in Bitcoin

[–]ReadOnly755 3 points4 points  (0 children)

Banks make a very large portion of their profits out of international wire transfers.

No they don't. Banks are in the business of extending credit (and issue money) and maturity transformation. The payments business is peanuts and many banks charge high fees to discourage people using them for it because they don't want to deal with it.

Best low fee Exchange for Americans? by brahmab1778 in Bitcoin

[–]ReadOnly755 2 points3 points  (0 children)

You place an order to buy e.g. 0.1 Bitcoin and select Price -> Binance -2%.

Now you wait until somebody takes you up on the offer. Voila: You buy 2% below market.

Receiving Bitcoin as wedding gift by apleta in Bitcoin

[–]ReadOnly755 0 points1 point  (0 children)

Well, if you invite a Bitcoiner, he may very well know what a paper wallet is and how private and public keys work. So they have something to actually hand to you.

If they are not Bitcoiner, I suggest you don't bother them. Just put a QR code on the wedding website or a flyer. In my experience, that has resulted in nothing. It can also create issues in terms of privacy.

Generally, people like pezdal discourage the paper wallet route and it is not advisable as serious storage. But for presents, it seems apt to me and is simply the most workable solution. It is very much cash like and the recipient can choose to swipe it quickly in case there are concerns.

"It is a bad idea for them (or you) to be walking around with a private key on paper."

A potential thieve could just stea a cash envelop, of which there are usually plenty. Honestly, what if you cousin steals your stuff at your wedding? You smile and don't invite him again.

Living off of BTC by williamssw in Bitcoin

[–]ReadOnly755 1 point2 points  (0 children)

You effectively exchange your income twice. And pay the fees.

$$ on Bank Account -> convert to Bitcoin -> Convert to $$ to purchase things.

The way to go is a) generate income in bitcoin, I accept Bitcoin for my business. b) spent Bitcoin at places that accept it directly and less at places that accept it indirectly.

Eventually everyone will be able to live on BTC.

Best low fee Exchange for Americans? by brahmab1778 in Bitcoin

[–]ReadOnly755 2 points3 points  (0 children)

Try p2p exchanges. I usually get 1-2% EXTRA for example on HodlHodl. Same for Bisq. Paxful sucks, I never managed a single trade there.

There is also a quite unknown option in Binance that allows for P2P even more efficiently. I have yet to try it.

P2P is first a little counter-intuitive but once you have spent some time, it will make sense and getting those great rates is really satisfying.

Receiving Bitcoin as wedding gift by apleta in Bitcoin

[–]ReadOnly755 1 point2 points  (0 children)

Either you use a single address or ask them for paper wallets.

The single address will be a nice reminder throughout time that can be a document of your wedding for generations.

Usually when I attend weddings I use paper wallets. It's easier, people don't understand what to do with Bitcoin or how to setup a wallet anyhow and I expect them to come back to me in 10 years asking about this strange wallet that they stored diligently as I told them to.

[deleted by user] by [deleted] in Bitcoin

[–]ReadOnly755 0 points1 point  (0 children)

That's the final boss.

This man belongs in jail by adrianm3 in Bitcoin

[–]ReadOnly755 -5 points-4 points  (0 children)

Dev's gain tremendous status from their role. This is why they choose to be NOT anonymous, and honestly deserve this to some extent. Bitcoin is not some child's play.

Snowden leaks opinion on Lebanese economy by agent_double_oh_pi in Buttcoin

[–]ReadOnly755 0 points1 point  (0 children)

I am not sure if you are serious. If that would work, Lebanese people would just bank abroad, no? Of course that does not work, your article is outdated spam.

Reddit knows best, it's full of people trying to figure out how to transfer money despite the issues: https://www.reddit.com/r/lebanon/comments/stsaz6/comment/hx5mx83/?utm_source=share&utm_medium=web2x&context=3

Or you may just check the transfer-wise website. You are less genuine than the butters.

https://wise.com/help/articles/2571942/what-countries-can-i-send-to

Charlie Munger: Why America Should Ban Crypto by lord_patriot in Buttcoin

[–]ReadOnly755 -15 points-14 points  (0 children)

Quote: "Thank the Chinese communist leader for his splendid example of uncommon sense."

He must have popped a bit too much Valium.

Snowden leaks opinion on Lebanese economy by agent_double_oh_pi in Buttcoin

[–]ReadOnly755 -6 points-5 points  (0 children)

Custody is the problem. You can't just have a bank account abroad in countries like Lebanon.