Bitcoin is completely decentralized, which means that no government or banks can have control over it. Traditional currencies, such as fiat, for example, the US dollar, Euro, and others, are controlled by banks and governments, but Bitcoin is not controlled by anyone. It works on a P2P (peer-to-peer) network of millions of users.
Another aspect of Bitcoin that made me love it was its lower transaction fees. Bitcoin operates on P2P, which is why its transaction fees are lower than those of banks. When you are sending BTC from your wallet to someone else's wallet, you will pay a little transaction fee to the network. Even that fee is used to inspire the nodes so that the transaction gets validated.
Other than that, Bitcoin is completely transparent. Every transaction since its first transaction is recorded on the blockchain. The best thing about the blockchain is that anyone can access the record. Due to this transparency, the transactions made by Bitcoin can be tracked easily, which adds a perk to its security.
Bitcoin is accessible to everyone, and that's an amazing aspect of it. Anyone from any part of the world can access Bitcoin through the internet. That means that anyone can transfer and receive Bitcoin anywhere without any restrictions. It even works in those areas where traditional banking infrastructure is not present.
Another very important thing about Bitcoin that made me love it is its limited supply. Bitcoin has a total supply of just 21 million bitcoins. It means that there won't be more Bitcoins ever, only those 21 million Bitcoins will exist forever. 1.Bitcoin is decentralized only if you don't use centralized exchanges and you keep all your BTC in your cold wallet. 2.I never thought that more transparency means more security. That's a weird theory. Can you elaborate more on this? I think that more privacy means more security, which is the total opposite of your theory. 3.Bitcoin is accessible to everyone, who has money to buy BTC.  Which means that BTC isn't completely accesible. 4.I agree about the limited supply, but Bitcoin is way more than a limited supply. You could create a shitcoin/shittoken with a limited supply and it won't be as successful as Bitcoin. |
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As he ages, the window for him is closing. I never saw him encounter any financial problem because he has been diligient and frugal. This meet-up has completely changed my mind. Even people like him are struggling financially and we'd better prepare a comfortable life for the old version of ourselves. This uncle is still doing okay although with some struggles but I am sure there are millions who are broke and wish they could have made and saved more money when they were young. Always plan for the future. What do you think ? I don't believe that I will be alive at the age of 65+ and I hate making long term plans. Even if you keep saving an investing your money, there's always the risk or losing them, either by getting scammed or making wrong financial decisions. I'm sure that I won't be living a comfortable live when I get old, but I don't mind. What's the point of saving more money and having a comfortable life, when can't enjoy the benefits of being young anymore and your youth is gone forever?  I know that life sucks, when you are old(all the old people around me are miserable). It doesn't matter if you are rich or poor. |
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As per my understanding, crypto casinos have offered benefits that some fiat-based casinos cannot match. Another reason is cryptocurrency provides faster transactions and a level of privacy. Thinking about the regulatory environment surrounding cryptocurrency globally. I think a lot of crypto casinos are still churning existing users of other crypto casinos.
Privacy? Can you buy cryptocurrencies without ID verification? I know that you can, but the cost is higher. Faster transactions? So you think that fiat debit card/credit card transactions are slower? Are you kidding me? I believe that most of the hardcore fiat casino gamblers won't touch a crypto casino with a 10 foot pole. They are used to fiat casinos and the fiat casinos are convenient enough for them. Crypto casinos create a false sense of privacy and anonymity(until you have to perform KYC in order to withdraw your hard earned profits ). I don't know about any benefits a crypto casino can offer that were not already offered by a fiat casino. Can you mention any? |
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- To what extent do you agree or disagree with this assertion ?
-Have you had a business that even though it wasn't profitable in the first three (3) years, then it kicked off to bring in good returns in the fourth (4th) year? I've never had to run a business in my life. I'm not a business oriented person. Having a business requires so much more effort and good social skills. I completely agree with Kevin O'Neal. Some businesses become profitable in the first year, while others take several years before they start making a profit. It depends on the industry and the market niche. Trying to keep a losing business for way too long is wrong move. It will get the business owner into more debt and more trouble. There's a theory called the ""sunk cost fallacy", which explain why many people don't want to give up on certain activities in their life, mostly because they have invested so much time, efforts and money. Giving up would mean that all the efforts and money invested were simply wasted and that's why so many people don't want to give up and move on. |
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Hi we are thinking on starting a fundraise to increase our current bankroll we have $500k but we know our site is going to get huge fast because we are going to be 100% KYC free and available worldwide. How is this possible? Non-KYC gambling businesses aren't allowed in many countries. What if your casino get banned by the Internet Service Providers in those countries? What if you have problems with the authorities because you aren't imposing KYC policies? I doubt that anyone would invest money in your casino, because the risk of the authorities trying to shut down your gambling business cannot be neglected. "Getting huge fast" just because you are KYC free doesn't seem realistic to me. Do you plan to grow your casino without any marketing budget? Do you plan to advertise on Bitcointalk? |
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as we know today btc is in the range of 28000, and i was very lucky to be able to buy btc when the price was still low, and now if i sell it i have a profit but if i sell it now i'm afraid i won't be able to
buying from the bottom again,, and I'm currently struggling to hold btc so I don't sell it,
I want to ask if you also keep holding btc?
and the reason I hold btc is because I believe the price of btc in 2024 will be high and there will be no more btc prices like now.
This topic belongs to the Speculation forum. You could sell a part of your BTC and HODL the other part. I'm sure that there will be more price drops(probably during the 2023 summer). The market won't be always bullish or bearish. The current price can't reach 30K USD because many Bitcoiners are selling, instead of buying more or keeping their BTC. I guess that a massive bullish market would come in the late 2024 and early 2025. Let's hope that there won't be any big FUD news and events in 2023 and 2024(like US crypto ban or escalation of the US/Russia conflict). |
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Fans of populism, of course, "clap their hands", rejoicing. True, they do not understand that in fact, the situation is diametrically opposite ... At the same time, the Chinese economy depends on the dollar. Therefore, China "supported" this idea, but with a small caveat - China did not abandon the dollar, and "put" its "subordinate" allies on the yuan  I wouldn't say that the Chinese economy depends on the dollar. China simply doesn't want to provoke a global financial crisis, by dumping the US dollar completely. They will dump the dollar, when the right time comes and when they are ready. The process of dedollarization has to be less painful for most of the countries in the world. Many Latin American, African and Asian countries don't want to deal with USA and the US financial system, because of the US system of sanctions. The USA is simply saying "if you want to make business with us and use US dollars, you have to follow OUR rules". This is something, which many people in the world dislike. The arrogance of the US empire is getting out of control. |
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Does it have to be transparent? The casinos decide what to do with their own money and who to give bonuses to. They want to make more money, who are we to judge them? The gambling businesses aren't charity foundations, after all. They don't have any social and moral obligations(sad, but true). I'm pretty sure the casinos will give "drops" and bonuses to the most hardcore gamblers, in order to keep them spending money on the casino. There's no point giving away money and bonuses to new players, who might play once or twice and leave the casino after a while. |
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Banks exist since centuries. There were banks in Mesopotamia and Greece 2500-3000 years ago.
Do you suggest that we should dump banks completely? I think that the global economy can exist without banks, but sooner or later, somebody is going to borrow money and someone is going to lend money. Banks going bankrupt is a part of the game. The major problem of the financial system isn't fractional reserve banking. The major problem is the uncontrolled money printing and the moral risk, which it creates. Nowadays, every bank can invest in risky assets, knowing that when "the sh*t hits the fan" the central bank is going to step in and provide unlimited support with newly printed money.
I don't believe that Bitcoin could solve this problem. The majority of the people are just too used to using banks and fiat money. They can't simply switch to Bitcoin/crypto.
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As I know, chatgpt is developed by Open AI where the owner is Elon Musk. And as I know, Elon with his company owns some of bitcoin. But, when I asked to chatGT, he lied to have bitcoin  damn, chatgpt is try to popularity himself, but still, we know who's behind that program. Elon Musk is one of the OpenAI founders. He tried to take control over OpenAI back in 2018, but got rejected by the OpenAI CEO Sam Altman the other founders. I think that Microsoft owns OpenAI right now. How postponing AI development for 6 months would stop the rapid growth of AI technology? It's like trying to postpone something, that is inevitable. By the way, really cool AI generated image of the pope. I can imagine rich and famous people being blackmailed by scammers, who can generate AI photos, that shows how the rich and famous are doing something embarrassing and morally despicable. This might be a huge problem in the future. |
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I really wanted Dortmund to win, but it's obvious that they can't compete against Bayern. Dortmund's goalkeeper made a silly mistake, which ruined the game for Borussia. Also many mistakes in defense and the middle of the field. The total domination of Bayern is what makes me annoyed by the Bundesliga. They are the richest team and they keep buying the best players from their competitors. The Bundesliga is interesting to watch only when Bayern is suffering a crisis. Maybe Thomas Tuchel is the right coach for Bayern, he has experience leading other big teams like Chelsea and PSG. Only a really weak coach would help for destroying Bayern's dominance over the Bundesliga. |
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Just because Bitcoin is being used by criminals that doesn't mean that we, the Bitcoiners "should do something about it".
The police and the juridical system must find and punish those criminals. We can't do anything, in order to stop the criminals from using Bitcoin.
Fiat is being used by criminals as well. Do you think that the central bankers around the world care about this fact? Maybe they do, but that's not their main problem. Do you really think that the criminals around the world would ever stop using fiat currencies? I don't think so.
Many criminals and scammers are using gift cards. Do you think that Amazon, Google, Steam and all the other major corporations are going to stop issuing gift cards, just because scammers are using them for criminal activities?
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Why do I think that there was an older forum thread discussing a similar topic? Anyway, age isn't the main factor. I've seen old people becoming gambling addicts. Some people simply love taking risks, while others hate taking risks. I've seen a gambling addict, who desperately tried to find a way to manipulate the game of roulette, so he could win. Being delusional and thinking that you are smart enough to "exploit the casino" is also a sign of gambling addiction. I don't know if this is delusion or a "Dunning-Kruger effect"(when you are dumb, but you think that you are smart), maybe a combination of both. Actually the Dunning-Kruger effect is some kind of delusion. |
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AFAIK, Elizabeth Warren is a part of the radical left wing of the Democratic party(just like Bernie Sanders). So basically she's something like a communist. No wonder that the radical left politicians want total government control and brutal regulations over all industries. This is hidden totalitarianism. Unfortunately, Warren will most likely win another mandate as a senator, but we shouldn't be worried that much. Anti-crypto politicians have been elected in the past years in both the Congress and the Senate, but this didn't stop mass BTC/crypto adoption in the USA. The US government might impose stricter regulations over the crypto industry, which is a double edged sword, but we definitely need the industry to get rid of scammers like Sam Bankman-Fried.
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30 thousand pounds? Lol. What is this cheat code? So basically OP has some magical method, which can be used to predict the outcome of horse races? Really? Aren't the horse races rigged? If something sounds too good to be true, then it most likely is. The price of 30K GBR is ridiculous. OP has balls of steel. I can bet 100K that nobody is going to sacrifice his life savings to spend 30K GBR for a "cheat code". Not even the most hardcore horse racing gamblers. Good luck with finding customers, OP... |
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imagine it
paying tax on ingame purchases.. turns Steam into tax reporting agents of its customers rather than games retailers
so soon you wont be able to play online games without KYC
There's a big market for CSGO skins and other in-game items, which can be bought and sold. Actually, some gamers are making money out of selling their skins and games(when the prices do up). They should report their income from gaming. If KYC policies were forced upon Steam(Valve corporation) I think that Steam would simply kick out of their platform all the games, that offer in-game items like skins, boxes, etc.(which can be bought and sold in different online marketplaces). Personally, I don't care about the NFT market at this point. All the hype around NFTs is gone and taxing NFT holders would be another nail in the coffin for the NFT world. It's like kicking a dead horse. |
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China has negotiated a peace deal between Saudi Arabia and Iran, further making the US dollar less relevant. Oil contracts can be settled in other currencies. I don't know why do you have to link geopolitics with crypto, where there isn't such link. The oil contracts between China and Saudi Arabia/Iran will be settled in Chinese Yuan, not in cryptocurrencies. China was never a crypto friendly country and it never will be. I predict that the USA will become more and more hostile towards Bitcoin/crypto. This might change after the US presidential elections in 2024, but the chance is pretty small. And yes, TikTok must be banned in the entire western world. I'm sick of this cringe app for braindead teenagers. I'm not a fan of the Biden administration, but I will salute them for banning TikTok. |
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I looks good like a idea but in reality it won't work. There is no serious casino which will take this in consideration when they don't have fixed margin of profit. Also as I have heard regulation around gambling are very strict so it will hard in general to implement this.
OP isn't talking about whether or not skill based slot machines are going to be implemented. There are skill based slot machines in some Las Vegas casinos right now, so implementation won't be a problem. I don't know anything about skill based slots, here's what I get from the first article that appeared on Google search results. A key element of skill-based machines, and what differentiates them from traditional slot machines, is customers aren’t playing against the machine (or a dealer), they’re playing against each other. The outcome is based upon skill, rather than chance alone. It seems that such slot machines are player vs. player which can be quite entertaining. I prefer playing against other gamblers, rather than sitting in front of a slot machine and trying to win the jackpot. Unfortunately, there aren't any skill based slot machines in my country. Maybe they will be imported in the future. Another thing is that the millennials aren't the most active players. The older hardcore slots players are more active on skill based slots than the millennials. |
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Here is what happens to my friends and me and I am sure this is a reflection on different financial values and life attitude in general. Well, I don't drink any alchohol while a few friends of mine love drinking very much. They would gather to have dinner/drink almost every day(at least four times a week). I am often invited but due to my no-drinking habit, I usually turn the invitation down. We are all family men but they are a few years older than me. Their children are much older than my kid so probably they don't need their fathers' attention and time. I always put my family first so this is also one of the reasons I don't join them that frequently. Financially, every gathering meal/drinking is not cheap because it involves a lot of drinks and dishes. The average cost of such dinner/drinking is equivalent to 1/5 the average monthly income in the city where we live. So every month, the cost for these "gatherings" consumes all the income that a man can earn for months. This is considered a huge waste of money in many people's eyes cause most people don't earn much. Although I don't drink, occasionally I will treat them and pay the bills for the guesture of friendliness. Do you think my friends' lifestyle is a waste of money and time ? How much do you spend on such gatherings on average ? Please let me know.
Your friends must be either very rich(and hiding their wealth) or in big debt. I guess that they have expensive dinners, because they can afford it. Personally, I don't go on restaurants because it seems like a waste of money (and I'm not a very social person). There's a thing called "lifestyle inflation". When your social status goes up, you start buying luxurious and expensive stuff, in order to show off and prove that you have money. This is nonsense, if you ask me, but that's human nature. If you can't afford such expensive dinners, just don't pay the bill. Your friends probably have enough money to pay the bills. |
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the regulator said that the exchange and its executives willfully evaded regulations, did not impose identity verification at times, and told customers how to avoid compliance controls — meaning that Binance has not fully addressed the details of the regulator’s allegations". If Binance is trying to avoid and/or break the regulations(and there's enough evidence proving CFTC's claims), then Binance must by penalized. This will have a negative short term impact over the Bitcoin price(and probably all altcoin prices), but we shouldn't be worried, because BTC usually recovers very fast from such short term price turbulences. I don't see any big drama here. Big companies like Binance must play by the rules. Nobody wants a "new FTX" to happen, but I think that Binance is way more financially stable than FTX and it won't turn into an exit scam. |
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