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May 25, 2024, 11:38:37 AM *
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1  Economy / Gambling / Re: I would like to place a $1,000,000 bet on: May 24, 2024, 07:26:01 PM
Loolz bud, 1 million dollars is an outrageous amount to put into one bet, and this is assuming you even have such an amount of money, because I have been seeing and reading some of your posts and comments around this forum, and sorry to say but you don't seem to me, or pass out the impression like someone who owns such or more of such amount of money.

You can never know. It's usually the most normal looking people that throw money around. Those that wear flashy clothes are usually just attention seekers and wannabees (just as people who make threads about betting a million without posting a single screenshot for proof).

Anyway, I've been to the dealerships to buy a car wearing normal everyday clothes and people (especially couples) would look like they took their church clothes out of the closet just to look more serious, be noticed. They'd look around like they're in a gallery and seek attention from the salesmen, but they wouldn't buy anything, so who knows, 1m is not that much, especially for an early bitcoin investor.
2  Economy / Gambling discussion / Re: When you are confident with your picks, do you win most of the time? on: May 24, 2024, 07:09:39 PM
Unfortunately no. I had a lot of picks in my life where I was pretty confident and they turned out to be disappointing.

A great example was world cup 2018 where everybody was betting for the Germans (former champions) to get at the very least to semifinals and they ended on 20th something place. I had so many bets where I felt strong over the years. Especially in UFC you can never be sure, like in that last fight where Gaethje was knocked out in the last minute of the last round.
3  Economy / Gambling discussion / Re: Where Will It Go If The Money Comes From Illegal Source on: May 24, 2024, 06:49:49 PM
Normally such money should go to the government but I've never heard of such happening before when a casino returns money back to the government and j think that should be the right thing to do, but I don't think there are acting based on or working with government agents but rather anyone who defaults the law they trace I and lawfully retain the money but they don't submit it to the government.

Which government? I'll give you a typical situation that happens all the time.

The casino owner is from counytry A.
The casino is registered in country B and it gets its license from there.
The player is from country C.
The person whose money was stolen is from country D.
Often the person who lost the money lost it on an exchange or platform registered in country E and that's where the theft occured.

Who should get the money?
4  Other / Politics & Society / Re: China deploys army around Taiwan on: May 24, 2024, 06:38:28 PM
New president can grow taiwanese moral, so china is doing everything they can to demoralize taiwanese people. I am guessing this is just show of force and in CCP is signal that Taiwan and William Lai specifically are toothless and powerless if china decides to make a move. And undermining their authority like this was to be suspected. They are testing waters of defence pacts like Russia is testing Natos. At some point they will cross a line, and most likely situation is either Russian forces or China's forces are sunken or dropped from the sky, and we de-escalate from that, rather then going to full war. At least i hope so.

Taiwan is in a worse situation than NATO with Russia because if you compare military firepower NATO is much stronger than Russia. Putin even said it himself that the US alone is spending much more on military every year than Russia, so they will not seek a conflict they cannot win. Even NATO without the US is much stronger than Russia, especially in the air.

Taiwan on the other hand is much weaker than China. It's more of a David vs Goliath situation. It can't even be compared to Ukraine VS Russia. It's more like if Russia was fighting Finland before it joined NATO.
5  Economy / Gambling discussion / Re: Is gambling bad to the society? on: May 23, 2024, 07:57:47 PM
It's like in physics, the energy never disappears it just changes form and it's the same with the money. Whether you spend money in a casino, waste it on netflix subscriptions, get a plastic surgery, or a new car, the money changes hands, moves around.

You could say that casinos are bad, but they pay taxes, they help circulate money, they move wealth from one person to the other.

Do you really believe that the gambling addict who wastes money every single day on a slot machine would spend time with his family if there was no casino? He's doing that to escape the family life, hios job and reality. Many of these people would become drug addicts or alcoholics. That's how I see it.

You can';t make the world better by removing a casino because people will find other ways to gamble.
6  Bitcoin / Bitcoin Discussion / Re: The psychology of btc on: May 23, 2024, 07:34:07 PM
Today, let's talk about the psychology of owning BTC. After BTC was born in 2008, a group of people owned a small amount of digital gold. Of course, I later joined the BTC army as well.

Are you talking about it being invented? I guess that was in 2008, but at that time nobody owned any, since the genesis block was mined in January 2009.

Quote
At that time, I didn't feel the magic of BTC; I just knew that it was something relatively magical and a completely new thing.
Back then, nobody was familiar with BTC. Even though I owned some, I was just observing and trying to understand its mysteries.

Are you saying that you knew about bitcoin in 2009 but did not feel he magic, yet you owned some? How did you manage to obtain bitcoin in 2009?
I really doubt that you're telling the truth, especially since you said you didn't know anything about mining, but I'd like to hear more.

Who did you buy bitcoin from in 2009? Satoshi or Hal Finney? Cheesy


7  Economy / Trading Discussion / Re: If all your wages were paid in USDT, would you accept it? on: May 23, 2024, 07:11:53 PM
Why not? I do not spend in USD in the store either. Here, it's kind of different. If you are working in the IT sector or a company that is related to crypto currency, you should not have a problem accepting a salary in USDT. It's not rocket science to sell USDT for your preferred currency. I am still getting my salary in USDT and constantly sell them for my local currency, and my local currency arrives within a couple of minutes.

I am not going to hold USDT. I convert them to my local currency right after I receive them. But sometimes I hold USDT if I plan to invest in cryptocurrency. Actually, it varies from place to place and person to person.

I get it, if you're in a country where you don't use USD and an employee would give you a choice to either get paid in dollar that you have to convert, or USDt that you also have to convert, USDt will produce lower fees and probably be faster to exhange online. Also, in such situation USDt would give you an option to convert it into bitcoin fast and cheap.

I was talking from the point of view of someone who earns in EURO and would either get fiat money or USDt. In such case I'd rather take EUR since I have plenty of BTC and would rather hold that and spend my fiat. Spending EUR here is much easier and cheaper than converting USDt through an exchange since I'd have to pay additional fee on that.
8  Economy / Economics / Re: Idea of btc is genius the limited supply that's why i think it's safe heaven on: May 23, 2024, 06:53:24 PM
I wonder if bitcoin has no use case and no practical application, how does the fact that bitcoin has a limited supply come into play?

I hope you're just being sarcastic here. If you are then ignore this post because humor is sometimes difficult to understand when one reads a post.

Bitcoin of course has use cases and practical applications and not just one or two. Just think of the unbanked. Are you aware that if you live in certain Afrincan countries like Zimbabwe you can't use international payment systems like PayPal? You also will have a problem when trying to send money out of the country or open a bank account in Europe or the US. For many people bitcoin is one of a very limited number of ways to store value and move money out of the country.
9  Economy / Trading Discussion / Re: If all your wages were paid in USDT, would you accept it? on: May 22, 2024, 08:12:21 PM
I would prefer to get it in USD. But if a company offers me to get it in USDT, why not? Both have the same value after all. The difference is not much. Maybe only a penny? But I am okay with that. Regarding USDT getting a de-peg, I will have to chat with that if USDT gets a de-peg within three days of getting the salary, they will have to pay me again and I am okay with that.

Getting a salary in USDT or any other stable crypto is not bad. I can still exchange them to my local currency within a couple of minutes. So, I won't bother too much about asking for USD instead of USDT.

The way I see it, the difference is huge, a bit like between real cheese and cheese-like product.

USDT has the value of USD, but it's not USD. It's a coin issued by a private company that follows the price of USD, like a price tracking ETF. When you hold USDT you don't hold USD. You hold an IOU from ifinex - a Hong Kong company. Do you trust that company with your money? Do you really want an IOU from them every month instead of USD? You're not going to be able to spend your USDT in any store.
10  Other / Politics & Society / Re: Is procreation really necessary? on: May 22, 2024, 08:02:03 PM
Procreation is necessary for the human race to continue. Without people having children we would eventually cease to exist.

That must be one of these things on the mind of two people who decide to have children. Come on love, we have to make children because otherwise the human race will cease to exist.
When she's in labor the father stands beside her and whispers in her ear - be strong, you're pushing out the future of our planet. Do it for the world! Cheesy


Is procreation really necessary?


Necessary or not, it's fun. Whoever put this whole thing together was so interested in having us procreate that, He made it to be extremely enjoyable... at least to attempt it.



Cool

You are a man obviously.

Do you think women don't enjoy these attempts? Cheesy
11  Bitcoin / Bitcoin Discussion / Re: Donald Trump's stance on Bitcoin is changing, the Trump pump is beginning on: May 22, 2024, 07:52:02 PM
So many gullible members in this thread. That fat idiot must be laughing his ass off thinking how he successfully manipulated so many fools into thinking that he actually gives a damn about the crypto community.

Grow up people! Almost all politicians don't support crypto and the rare few that do support BTC etc have a tough time. Think!
He doesn't care, but he cares about the money and accepting bitcoin donations shows he's picked a side.

Biden clearly showed us what side he's on. His senator Warren has been attacking bitcoin for years and trying to promote CBDC and trying to implement 30% tax on mining. Trump on the other hand said he's against CBDC, doesn't support the mining tax and accepts bitcoin donations.

If I had to choose between these two I'd obviously choose Trump. If I could vote for people like Kennedy Jr, that would be my choice, but no real bitcoiner is going to vote for Biden.
12  Economy / Economics / Re: Idea of btc is genius the limited supply that's why i think it's safe heaven on: May 22, 2024, 07:35:57 PM
Scarcity is important just as the hard cap limit, but these things have never defined the value of something. The most important thing is use cases. Real acceptance.

I can give you many examples of things that are scarce but not really valuable, just because nobody needs them for anything.
Take tellurium - one of the least common elements on Earth. It's not that expensive for something that rare. It costs $80 per kg, which is much cheaper than silver, not to mention some other, rare metals like ruthenium that's over 10x the price of silver.

Rarity, cost of production and all that does not equal value.
13  Bitcoin / Bitcoin Discussion / Re: If this is doable what will you add or remove? on: May 21, 2024, 07:59:42 PM
Removing the feature that allows runes and inscriptions that clog out the bitcoin network is probably the only thing that I care about the most, that's it. Not to mention that no one will really hate me for it besides the miners and it will eventually cool down anyway and they won't mind anymore. I don't really like inscriptions anyway, I mean what does it even do for the network? It only makes things more difficult for people to do transactions because it gets expensive when these people put a lot of it in the network.

Yup that's the first thing that came into my mind that I'd block all that useless junk. I guess that would count as adding and removing. I'd add rules to remove ordinals.
It might not be a bad idea to add an option to mix bitcoin. I feel like if mixing was included in the original code, bitcoin would become even more private and secure, but despite my opinion, I probably wouldn't go that far. I'd be afraid to break bitcoin somehow. US agencies would probably target me for doing that as they hate privacy and mixing.

To those that want to increase the block size, this was already discussed years ago and most people did not want that. Small blocks aren't ideal, but they've worked so far and messing with that could break the balance that worked for a decade. It's better to build layers like lightning than mess with the original protocol.
14  Bitcoin / Bitcoin Discussion / Re: Why use decentralized bitcoin in a centralized way? on: May 21, 2024, 07:48:18 PM
On one hand, OP is completely right about people making a mistake holding bitcoin on centralized platforms. ETFs are a great example of that centralized bitcoin.
I don't own any of that and I wouldn't put my coins there, even if they paid me 10% a year for doing so. I'm more concerned about my privacy and freedom and I will not put all my money at risk just to get 10% a year.

On the other hand, it's their mistake to make. If they find this risk worth taking, let them. It's their life and their money.
15  Other / Meta / Re: 🍕 Bitcoin Pizza Day on Bitcointalk on: May 21, 2024, 07:39:38 PM
Wow this is great, I'm definitely in for this one.

I didn't win anything in the last one, but the tables can always turn in my favor.

I'll edit this post with my photos later.
Hope to see a lot of yummy pizzas here soon.
16  Economy / Gambling discussion / Re: Does prediction in sport work for you? on: May 20, 2024, 07:59:59 PM
No, they never do.

I usually try to make my own luck and when I bet on sports I try to support the players and teams that I like. I don't bet against my own, even when I feel they are at a disadvantage.
When that disadvantage is too big, I don't bet at all.

I also like watching sports so I don't bet on the matches that I'm not going to see. I'm more of a sports fan than a gambler so gambling always comes second. I can watch a match and not gamble, or I can watch it and gamble. There's no third option for me.
17  Bitcoin / Bitcoin Discussion / Re: End Goal or Keep HODLing? on: May 20, 2024, 07:46:44 PM
You can have 2 basic approaches to bitcoin. You either think it's a pump and dump and that's where you look for an exit point, or you believe it's a permanent asset that is going to eventually stabilize and become more of a digital gold. I'm in that second group which is why I don't look for an exit price. I only look for a price where I can buy something with my bitcoin and usually that moment is during a rally.

IMO, there is no safe haven asset. Bitcoin investment also has risks, the price also fluctuates and unpredictable.


There's always a risk, but safe haven assets are characterized with very small risk, or a very good risk-reward ratio.
That ratio has actually been measured by a number of investment banks and they came to a conclusion that 1-2% allocation into bitcoin should be a standard among companies.
18  Bitcoin / Bitcoin Discussion / Re: DCA: the power of little beginning on: May 17, 2024, 07:25:08 PM
I did some DCA because I'm getting a few bucks every week from my signature campaign and I've been doing it for years, but I still wouldn't recommend that to all. There are situations where DCA is good and there are some where it's not.

When you're a small earner, like many of us here. You get a few extra dollars every month. Why not put that into bitcoin? On the other hand it's dumb for a millionaire to do the same. For him the best option is a lump sum purchase and I've seen articles where people show that lump sum, if you can afford it, is better than DCA.
19  Economy / Gambling discussion / Re: Concerns grow over online gambling among teens on: May 17, 2024, 07:17:30 PM
"It's time for schools to focus on the root cause of online teen gambling by implementing gambling prevention education in all high schools. Health class curricula across the nation cover the typical risks for teens such as smoking, drinking, vaping, etc yet gambling education is nowhere to be found in our schools. "

So instead of the government working on this, they want teachers to do all the work? It's a joke if you ask me.

Teachers are there to teach. When you're good at math or chemistry it's your job to focus on that part. Teachers are not there to do jobs that parents should be doing. Their job is not to be protectors of the public, it's the job of politicians, the police, the judicial system and so on. Saying that schools should do it is like saying that now they're giving 100% of their time and effort to teaching kids how to read, write and count. Now they should put 80% of their effort into that and 20% into making sure kids don't drink, smoke, gamble and take drugs.
20  Economy / Gambling discussion / Re: Where are you hyper focus, online casinos or physical casinos on: May 17, 2024, 07:07:37 PM
I'm a lazy gambler so I prefer to do it in the comforts of my home and spend as little time on it as possible. There fore I don't go to physical casinos at all, so the answer to whether I'm hyper focused there is pretty simple - I'm not because I don't go there. I don't live in the city center, so If I were to drive there and go to a casino, it would take at least 30 minutes + parking fees and all that. I'd rather use my computer. Also, I don't like noisy places so I'm more focused when I'm alone, or with one or two close friends.
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