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1021  Economy / Economics / Re: What is the difference between banks and big whales in crypto? on: May 15, 2023, 11:24:28 AM
Banks are earning big profit from our deposits, they earn bigger than the interest that we get from our deposit because they put a bigger interest rate through thier borrower's or lenders, i think bank is not too far from big whales in crypto they buy or collect coins in dip and they sell in bull and they earn bigger from the holders that sell at loss  they are almost the same or what? What dou you think?

No, they are not the same. Most banks are trading stocks and bonds, while the crypto whales are trading cryptocurrencies, which have way higher risk than most stocks and bonds.
The banks use depositor's money and loaned capital. The crypto whales usually invest their own money(I exclude the crypto scammers like Sam Bankman-Fried, who became crypto whales by stealing people's crypto).
The banks offer various financial services to the people, the crypto whales work mostly for themselves(some crypto whales might own big crypto exchanges and crypto companies).
1022  Economy / Gambling discussion / Re: UEFA Europa League 2022/23 Season on: May 15, 2023, 06:23:07 AM
The UEFA Europa League is supposed to be Sevilla's tournament. The Spanish team had won so many Europa League trophies in the last 20 years, that I don't remember the exact number. However, the success in previous years doesn't guarantee anything for Sevilla.
Juventus is notorious for losing finals in the European tournaments. I'm sure that they are capable of eliminating Sevilla, but I'm not sure about them winning the Europa League.
Roma is also a big favorite for me. Mourinho knows how to win such tournaments. I'm not a big expert in German football, so I don't know the current level of Leverkusen. They seem like a decent team, but they lack experience in such stages of the European tournaments. 
1023  Bitcoin / Bitcoin Discussion / Re: Third graders and Bitcoin on: May 15, 2023, 05:47:57 AM
I had a math class with third graders of which we discussed money I told them about virtual and real money of which I was very shocked and happy that they had knowledge about Bitcoin.
However we ended the class after we had spoken alot about Bitcoin they were soo happy and loved the class also
Like wow being with the kids was a nice time for them and I to get to know Bitcoin better look forward to having a class with them next week

We live in times, where information is everywhere. Those third graders probably have smartphones and computers, so they have seen info about Bitcoin here and there, while surfing the internet. There's nothing shocking about that. I'm sure that 99% of them don't know how the Bitcoin blockchain works, which is perfectly fine. They will grow up and they will learn more about the core principles of Bitcoin/crypto.
By the way, can you show us proof that you were teaching kids in a math class about BTC? Your forum post seems like many other "I told random people about Bitcoin." posts, which received a decent amount of merit. It seems to me that some forum users are making such posts only for the sake of getting merit.
1024  Economy / Economics / Re: 199,983 companies went bankrupt in Europe because of the energy crisis in 2022 on: May 14, 2023, 11:02:11 AM
This is capitalism. Some companies went bankrupt while new companies are being created. It's a never ending cycle. There's no tragedy here.
The vast majority of those companies are small businesses. Those business owners will be fine and they will soon create new companies(or some of them might get a job).
The Russian propaganda keeps screaming about the huge crisis and deindustrialization of Europe, that Europe can't survive without Russian oil ad gas. Obviously, Europe CAN and WILL survive without Russian oil and gas and the situation isn't that bad, but the propaganda never stops.
1025  Economy / Gambling discussion / Re: Eurovision Song Contest 2023 discussion: Who is your favorite? on: May 14, 2023, 06:39:40 AM
Sweden(the main favorite) won the Eurovision song contest. Congratulations to all the people, who placed bets at 1.54(or maybe 1.44).
I hope that you will spend well the millions, which you have earned from your bet. Grin
I totally don't care about pop music. I'm more into the rock/metal/rap side of music, so Eurovision has always been a cringe fest for me.
Anyway, this forum thread shouldn't be about the quality of the songs on Eurovision. This forum thread is about gambling, odds and placing bets. I'm curious about which betting platforms were accepting bets for the Eurovision song contest?
1026  Bitcoin / Bitcoin Discussion / Re: My experience with memorizing seed phrases on: May 14, 2023, 05:48:59 AM
In my country, children are forced to memorize poems in elementary school. I still don't know what's the point of this, but who cares. Grin
I've always sucked at memorizing poems. I'm sure that memorizing a poem is way harder than trying to remember 12 words. Grin
I assume that your brain creates logical connections between those particular 12 words of the seed phrase. That's why it's easier to remember the phrase at the particular order and not just 12 random words.
Anyway, I wouldn't waste my time trying to remember the see phrase, because I know that I will always forget a word or two.
1027  Economy / Gambling discussion / Re: Advice when you are going a bit far in gaming and betting on: May 12, 2023, 10:24:02 AM
Quote
Budget: set it BEFORE you start gambling and stick to it.
Have a break from time to time, it is important to let your brain stop and consider.

1.I don't really think that setting a budget would stop a gambler to become addicted. Having big wins at the beginning is what makes a gambler get addicted. This has nothing to do with setting a budget and sticking to that budget.
2.The gambling addicts could also take a break from gambling, but that doesn't help them to fight their addiction and re-evaluate their wrong decisions. Most gambling addicts have a lack of self-awareness and simply taking a break won't help in becoming more self-aware.
At the end of the day, there's no "red pill" that would keep the gamblers away from addiction. Everything is about mentality and being aware of your own behavior.
 
1028  Economy / Speculation / Re: The price of bitcoin is not rising soon!. on: May 12, 2023, 05:46:29 AM
The movement of price index has clearly show that the price will not rise this year, is almost half a year now since the price drops, this is far beyond inflation and fiscal policy of the government, I think bitcoin is suffering heavy weight withdrawals and it might end up been this Stuart for the year.

Out of  100% of international market chats bitcoin is beneath the range price counts of crude oil, gas, gold and diamond, that's means bitcoin is far from rising soon.
What do you think?

Try to put more effort, when you want to spread FUD. Grin
The crypto winter isn't over and nobody is expecting some crazy 100K Bitcoin bull run anytime soon. Bitcoin is doing just fine right now.
I hope that this transaction fee madness cause by the ordinals protocol will end soon, but I'm not optimist.
Why the hell do you have to compare Bitcoin to crude oil, gas, gold and diamonds? A global recession might be coming, the price of everything except gold might be going down. Bitcoin might be a safe heaven, but I don't think that the "powers that be" would allow BTC to be used as a safe heaven. I expect another big crypto company going down by the end of the year, probably Binance.
1029  Economy / Gambling discussion / Re: UEFA Champions League 2022/23 Season on: May 11, 2023, 10:46:25 AM
I wasn't expecting such weak performance by AC Milan. The first goal by Inter was due to a mistake of AC Milan's captain, not blocking Edin Dzeko well enough. The second goal was scored after a counter attack, when AC Milan's defense was in total chaos.
Inter had missed several other goal opportunities and AC Milan was pathetic at their attacks. Olivier Giroud is in a really bad shape. Raphael Leao's absence also had a role in weakening AC Milan's attack. I can't see how Milan would win against Inter in the next game between them.
1030  Economy / Economics / Re: Inflation is Poses a Great Challenge for Delayed Gratification on: May 11, 2023, 06:27:24 AM
Some time 4 years ago, I started to save so that I can buy my dream car which was around $15,450. I was determined. I cut a lot of costs and delayed so many gratifications. For example, I stopped going out with the boys. I did a lot more recycling. I quit eating out and opted for cooking my own meal, I didn't buy new clothes, jeweries, electronic devices etc. I was pretty determined to reach my car saving goal. Before I knew what was happening inflation struck and it swept across all industries. Did you know that my dream car that was an equivalent of $15,450 rose up to $23,680. My heart sunk. It took me doing some additional jobs and twice as much time to rise the new money. So, when someone said that inflation posses a great challenge for delayed gratification. That is, delayed gratification isn't as rewarding especially during inflation, recession. I agreed with them. Do you?

1.You should've invested your money rather than just saving them. Investing preserves the value of your capital and protects it from inflation.
I'm not going to give you investment advise here. You should do you own research.
2.Buying an expensive car(when you don't have high enough income to maintain such car) is a bad decision if you ask me. Expensive cars lose their value pretty quickly and the cost of maintenance becomes very high(especially when the car breaks).
3.Why don't buy a cheaper car, which you could afford? Or maybe you should try to grow your income, in order to afford a 23K USD car.
1031  Bitcoin / Bitcoin Discussion / Re: Would you still do business with them? on: May 11, 2023, 05:53:16 AM
Quote
I know that many other centralized exchanges may declare bankruptcy - but let's ignore this for a moment and assume that these companies gets back in business would you patronize them? Would you still do business with them? I know the whole talk of move your bitcoin off centralized exchanges but we cannot denial the fact they that they still play an important role in the crypto community.

No. I'm done with centralized crypto exchanges and I won't be using a centralized crypto exchange(unless I have no other choice).
Respect for Bittrex for staying legit and paying all the funds to their customers. I guess that they weren't some exit scam and they didn't have any insolvency, which means that they simply weren't making enough money from trading fees. The centralized crypto exchange market niche got too crowded, because the trading volumes went down and many people stopped using centralized exchanges. It's normal for some crypto companies to leave the market, since they don't make enough money to cover their operational costs.
1032  Other / Politics & Society / Re: Importance of entrepreneur in school curriculum on: May 10, 2023, 10:07:31 AM
I believe that entrepreneurs are born, not created. I can have the best possible education at business and finance, but I know that I can't become an entrepreneur, because I'm lacking social skills, strong work ethics and the ability to take risks. I can't change who I am.
You are right about one thing. The current educational system has to be reformed, in order to better prepare the children for the problems of a complex and uncertain world. Practice is the best education. That doesn't necessarily mean that all the children have to become entrepreneurs. If you everyone becomes a business owner, who is going to work at "9-to-5" jobs? Grin
The world also needs better workers, not just better entrepreneurs.
1033  Economy / Gambling discussion / Re: UEFA Champions League 2022/23 Season on: May 10, 2023, 06:15:42 AM
The result in Madrid increases the chance for Manchester City to get to the final. Haaland wasn't as effective as usual, but he has a crucial role at getting the attention of Real's defenders to himself and opening spaces for the attacking midfielders of Manchester City.
Courtois made another great game. If Real Madrid had a weaker goalkeeper, City would have won the match. The goalkeeper of Manchester City also had a great game and did some really important saves. Maybe this season will be the season of Manchester City. I can't see how AC Milan or Inter would compete against City, if the English team reaches the UEFA Champions League final.
1034  Bitcoin / Bitcoin Discussion / Re: Crypto Awareness: Bitcoin logos on T-Shirts on: May 10, 2023, 05:36:54 AM
Perhaps he could expand his portfolio of t-shirt designs by adding all the altcoin logos. Grin
I usually like t-shirts with minimalistic designs and I would never buy a t-shirt, that has a giant logo on the front(it doesn't matter if it's the Bitcoin logo or some other logo). That's just me. Maybe other people will prefer more flamboyant and colorful designs.
I don't think that your friend is promoting Bitcoin by selling such t-shirts. He is just selling t-shirts, nothing else(and he doesn't have to pay for the t-shirt designs, which is clever). Many people have seen the Bitcoin logo, but they still don't know what Bitcoin actually is and how does it work. Many people might think that Bitcoin is a company or a fashion brand. Grin
1035  Other / Politics & Society / Re: Is a new pandemic imminent? on: May 09, 2023, 10:50:20 AM
Who has officially canceled covid, I think this is a big turnover of money in healthcare, but there are many indicators that a new pandemic is possible. To what extent does this correspond to reality, measles is also multiplying, will the world be covered by new diseases on a large scale? Or is it an economic process?

1.I believe that this topic should be moved to another forum. This is not a healthcare forum, this is the Economics forum. Grin
2.Yes, a new pandemic is imminent. We live in a globalized world and the people could travel and spread viruses across continents.
The real question is when the new virus will strike and how deadly will it be. Another problem is the mass usage of antibiotics, which makes many viruses and bacteria resilient to such medication.
3. How can a pandemic be an "economic process"? Can you elaborate more on this theory?
I think that it is pretty clear that COVID virus was artificially created in a laboratory, perhaps a new artificially created virus will be "released" after a while. The "big pharma" companies want to make more money, but I don't think that they would create another pandemic just for the sake of making bigger profits.
1036  Economy / Gambling discussion / Re: Premier League Prediction Thread 2022/2023 on: May 09, 2023, 06:23:59 AM

Indeed, this is very painful, I can't understand why Manchester United could lose to a team that is almost in the relegation zone. The significant difference in position should make it easy for Ten Hag to win the match. However, in fact, everything is beyond expectations, I'm sure the Manchester United Supporters will be disappointed to see this. In the last few matches, Liverpool has always been able to win over their opponents, even being able to draw a score against Arsenal. But apart from the mistakes that have been made by Manchester United, I see that on the other hand, Ten Hag still has several games that have not been played, this makes Manchester United still have a chance to maintain their position and at least be ahead of Liverpool.

Your opinion is a little bit ignorant. Everyone could lose against everyone in the Premier League, the position in the ranking doesn't matter.
De Gea made a big mistake, but that's alright. I've seen way better goalkeepers to make such mistakes, the bigger problem is that Manchester United didn't score any goals. They have difficulties scoring, when Rashford gets blocked and isolated by the defenders.
Arsenal won against Newcastle, which proves that the team from Northern England doesn't deserve to play in the UEFA Champions league. Newcastle made some impressive results against some weaker teams, but they can't compete against the big teams in the Premier League.

1037  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin the second stage in the path to a central global currency? on: May 09, 2023, 05:51:38 AM
Quote
Thed maximum of 21 million coins, and the 10 minute block generation time, meant that it could never a currency for mass global adoption, and thus could never compete with the proposed global currency. It became a massive succedss, and the bankers saw that it could become a wonderfukl store of wealth as an addition to gold. I beleve they have been buying and storing large blocks of Bitcoin, and they are using these to create volatility in the market. This frightens most people, and leaves them receptive to a government backed central digital currency. It explains the frequent bear spikes in the current price.

Unicoin has been announced, and it is clear that this is intended to become the centralised, global digital currency. Will it survive, or will it go the way of the Euro? btw, have you noticed that they are heavily moving into food and energy control to strengthen their grip on the gullible public. I won't even start down the road of eugenics, and the role of so-called health care.

I don't want to get involved into this conspiracy theory, because it can't be proven. Can you prove with verified information, that the bankers are buying lots of BTC? I don't think so. Bitcoin's price volatility is created because Bitcoin is scarce, not because a bunch of bankers are buying BTC. What the hell is this "Unicoin" project? I've never heard anything about Unicoin. Are you trying shilling some brand new shitcoin here? Grin Your forum thread looks like a bunch of conspiracy theories thrown all over the place. Are you joking? Is this serious?
1038  Economy / Economics / Re: Retirement Age for Workers - Does this Make Sense? on: May 08, 2023, 11:15:52 AM
The state-owned pension/retirement system is the biggest ponzi scheme in history. Few young people enter the labor market, while many old people leave the labor market and start getting pensions. The only two ways to maintain the system are:
1.Import more workers from somewhere else-Africa, Asia, Eastern Europe, etc.
2.Raise the retirement age gradually or at once.
Raising the retirement age with 2 years at once, was a radical decision by Macron. I don't know why he decided to do such thing.
A way better solution would be to raise the retirement age with 3 months every year for several years.
Anyway, I'm not a big fan of the "Bismarck" pension system.
1039  Economy / Gambling discussion / Re: How's your gambling experience right now? on: May 08, 2023, 06:43:02 AM
You do realize that almost all crypto casinos accept altcoins, right? Grin
Who would waste money on high transaction fees right now, only for the sake of spending BTC for gambling?
I'm not the biggest crypto fanatic in the world. I don't mind spending some time and money gambling on a fiat online casino.
Everyone keeps complaining about the high tx fees right now. I hope that this blockchain congestion will go away after a week or two. If it stays for more than two weeks, then we have a big problem.
1040  Other / Archival / Re: The bitcoin blockchain is on its knees again on: May 08, 2023, 06:15:02 AM
You are spitting facts.
The only way to fight this nonsense would be to just not send any BTC anywhere and HODL. Unfortunately we will receive less BTC because of the high transaction fees, which is bad, but whatever. Just stay in a safe place until the storm goes away and this ordinals trend/hype slowly dies. The BTC miners obviously want this BRC-20 protocol, because they make more money from the higher transaction fees. I don't know how are we going to hardfork Bitcoin Core and kick out all the BRC-20 supporters. Maybe some of the Bitcoin Core developers must step in and express their opinions about this problem.
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