GovCorp conspiracy theory fails again

[Karl]

forwarding whole email to the list since i think stefan said the
privacy was an accident

On 12/1/21, Karl <gmkarl at gmail.com> wrote:
> Hi Punk, Stefan.
>
> Stefan asked me for off-list cryptocurrency investment advice.
>
> On 12/1/21, Stefan Claas <spam.trap.mailing.lists at gmail.com> 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 <gmkarl at gmail.com> wrote:
>>>
>>> On 11/30/21, Stefan Claas <spam.trap.mailing.lists at gmail.com> 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.
>>
>