It's incorrect to say we are in a free market, we are not from a long time, from the time perpetual futures are on. Big financial players like a bank can artificially pump or dump the price of the underlying asset. Assuming Bitcoin spot market (real btc to buy and sell) is priced at 100k, on the perpetual futures (fake btc to buy and sell), you can make a gap like pump the future to 150k or dump to 80k for example, and so the arbitration process will play it's role and the real market will be pumped or dumped, because of nothing, that's an illusion. The spot market is driven by the future market.
Futures seems good, but when you can perpetually hold a fake position, that's a cheat code.
That means we are in a full controlled and faked market.
But you know, there is other way to fake the market like Tether...
"The value, aka price" --> Price Is What You Pay, Value Is What You Get.
"To be fair, it really depends on what you are using it for."
A Peer-to-Peer Electronic Cash System
https://audio.nostr.build/c0289970de86a0ecf84d23f3744d52231f2404be0f7990fa9c5e2334414ad898.mp3
It's time to dance πΊ πͺ©
#Monero
Without privacy, there is no censorship resistance
The fight of our generation ?
Monero vs CBDC
Nodes on, Nodes on
Monero accepted, not Bitcoin, I don't want to be taxed ^^
You can determine the more close will win, if there is multiples people at the same distance from the target, you can split the distribution
Well, there is something we can try ^^
To be as most random possible, maybe we can check on Bitcoin ^^
Check a block, we can consider :
- number of transaction
- nonce
- size (bytes)
- total spend
- total fees
As example the block 873 240
So with consideration:
- number of transaction = 2477 = 2+4+7+7 = 20
- nonce = 3,616,984,066 = 3+6+1+6+9+8+4+0+6+6 = 49
- size (bytes) = 386,053,475 = 3+8+6+0+5+3+4+7+5 = 41
- total spend = 8 144 = 8+1+4+4 = 17
- total fees = 0.09
So the formula can be something like: (tx + nonce + size + spend) / fees
In that scenario : (20 + 49 + 41 +17) / 0.09 = 1411
1411 will be the number to found.
For example, you can say We are on the block 873 240, Let's go bet the result of the block 873 340, it's 100 blocks forward, around 16 hours later from now, you have 14 hours to bet from now.
And because your message is timestamped on nostr, we can verify you post the message before the block 873 340, by that we can be sure there is no cheat possible by you.
And you can't use someone to cheat, because of course we can check the reply timestamp.
So there is 100% guarantee of the legit lottery here π
Maybe something like that
Maybe you have generated multiple results and nostr:npub14q5r0kplpmn7xt6suztjaxdn6u3g5wnjxcpx0ncwnmwdy8dl4tlqjztqkl is one of your friend π
Why not upload the video on encrypted archive and include the link in the post ? The password will be given to everyone for verify, it's better, but anyway it can't break the multiple results friend cheat... I don't know how we can really run a lottery without any cheat possibility.
Do you have an idea ?
How can I verify it was real ?
This is journalism
Don't be afraid about parallel economies, it will follow naturally, look the DNM, people are using Monero, why ? Because they need it. People don't understand it yet, but all of us need Monero. Check, when do you learn to escape the prison ? Before ? No, that's when you are in, so people will learn Monero over time, wave after wave of censorship and abusive taxation. We are just early
If people really understand the situation, I'm pretty sure they will run to learn how cryptocurrency work in details ^^
I don't want people to adopt Monero like NGU in Bitcoin, not a HODL shit, I want people to understand the value of freedom and privacy, and how Monero support that on the financial plan. The only thing we need to say is "learn history, learn economy, we are traced every time, you have no financial privacy with Bitcoin, it's linked via KYC and you will be put in jail if you fund an opposition movement, you will be hunted if bad guys found your wallet address because they will know how much you have". If people remembered what's happened in Canada for example in 2022, if people keep in mind that Bitcoin is traceable and it's a big issue, if they learn in Denmark they will be taxed on unrealized capital gain by 2026 with Bitcoin, if people understand how Bitcoin mining is heavily centralized and there is high risk of censorship, especially because every transactions are public not anonymous. If people understand the importance of privacy, they will understand why Monero is a game changer and they will definitely adopt it and I think it's just a matter of time.
The average person should understand the basics of cryptocurrency, if someone don't master the concept of private/public keys, this person should not go into crypto for his own safety. There is a seed to keep safe, giving address to receive fund and sending fund is easy. If someone can't do these 3 easy moves... maybe use cake wallet ?