forwarding whole email to the list since i think stefan said the privacy was an accident
On 12/1/21, Karl <[email protected]> wrote: > Hi Punk, Stefan. > > Stefan asked me for off-list cryptocurrency investment advice. > > On 12/1/21, Stefan Claas <[email protected]> wrote: >> Hi Karl, >> >> Mixing would allow one to hide the origin, from where the transaction >> came >> from. >> But what I have seen so far is that the required amount to do so must >> be relatively >> high for the average user. > > like anything, threat modeling > >> My take on cryptocurrency. When Satoshi invented it and did with Hal the >> first transactions it was revolutionary and could have probably changed > > it seemed like just a cool thing for nerds. i was a minor and it let > me hold money without a bank account. > >> some things, but nowadays I do not like the enormous computing power >> required and the impact on the environment and no privacy options. >> >> So, if you are an early adopter you have luck and can make some bucks >> if you have the patience over the years and did know that, well then ok. >> >> But show me in 2021 a way that you, Punk, or me can make some bucks >> with it (privately) ... >> >> Regards >> Stefan > > I do not like responding privately. I don't know who is considered > part of the private group, and who isn't, and would much rather loop > in everybody else on the list, or at least some other recent > poster[s]. > > To confirm, I am probably an anti-capitalist (the friendly, peaceful > (and insane) kind). I also try to honestly answer questions and > requests, and have held cryptocurrency some. I imagine most > anti-capitalists as not doing that. > > - as far as I am aware most people are judging, cryptocurrencies are > still going up exponentially. Holding e.g. BTC or some other big > crypto, I would expect most people would still think this would x10 in > value within the decade or so, even though it will likely drop > significantly before it does that. the plan is clearly still for > cryptocurrency to completely replace fiat currency, but it's a tossup > whether BTC will be the cryptocurrency to do that. > > - some exchanges provide opportunities, this can be lucrative due to > low fees and how frequently prices can swing. a simple strategy is to > set up many buys at different low prices, and many sells at different > high prices, and replace them regularly when they fill. obviously the > percentage difference of the closest prices needs to be greater than > the exchange fee to profit. the percentage difference is 100 x > ((higher sell price) - (lower buy price)) / (higher sell price). here note: of course this would be doubled if there is both a buy and a sell fee to counter > you make more money the more volatile the currency is, the more it > swings randomly up and down. you still want situations that aren't > likely to crash without recovering, as then you can't sell high after > buying low and you lose what you put in. > > - new altcoins can spike very intensely before they crash. i hear > that buying up new coins has enough of a chance of one of the coins > spiking, that it is by far worthwhile to just invest a little bit in > all of them. > > - if you are a coder there is still a ton of room for automated market > making, which for some reason has not filled the digital economies > yet. same thing if you are into machine transformer models or data > processing pipelines. > >> >> >> >> On Wed, Dec 1, 2021 at 4:48 PM Karl <[email protected]> wrote: >>> >>> On 11/30/21, Stefan Claas <[email protected]> wrote: >>> > Bitcoin usage, regarding privacy, could probably be enhanced if people >>> > focus >>> > on Bitcoin Mixer usage/development in combination with the Nym >>> > Network. >>> > >>> > But how to exchange then Bitcoin privately to fiat if needed ... >>> >>> Is mixing different for stablecoins like USDT? >>> >>> What do you think of cryptocurrency? I always worry that rational >>> voices critical of digital economies have reduced on this list. >> >
