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1561  Economy / Gambling discussion / Re: My Recent Experience at a Land-Based Casino on: August 05, 2022, 09:04:01 PM
I think this is very tough situation. I think I would not enjoy my worker yelling at customer as other people can see it and it portrays casino with bad behavior. Although I don't think its disruptive for business. If he keeps coming even after losing many times he already casino much richer. I think giving guy a soft ban can save his life in such addiction periods. He may become more healthy gambler but still visiting my casino because he feels like family.
Maybe we can advise him not to yell at customers anymore because it could affect the business we run. Maybe it would be better if we went to the customer and had a nice talk alone so that he would understand the situation and not gamble again. We can explain that it's all for his own good because we care about our customers. I think it can work if we approach him personally so he won't be offended or have other feelings.

If they have close relations as a family it's pretty normal. They'd be more open and straight towards each other.
If we were talking about two strangers the yelling might be out of place, but families tend to resolve matters in a more direct way.

I wouldn't fire the guy if he were my employee, but I'd remind him to deal with these things at home because any disturbance is always bad for business.
A business that sells entertainment will never kick out a guy who seeks it. Saying that they care about customers sounds strange in this case. They care about teh customers and that's why they offer transparent and secure place to gamble, not because they worry about the finances of their clients.
1562  Economy / Gambling discussion / Re: [Discussion] Should Gambling be Banned? on: August 05, 2022, 08:51:24 PM
Some countries didn't ban gambling but rather making it illegal and whoever caught gambling will be put to prison.
When something is made illegal it is in fact banned. You didn't know that?
When you put out a law that anyone caught smoking weed will be prosecuted and jailed, this means weed is banned in that country.

IMO nothing should be banned. I'm against banning drugs, alcohol, prostitution, gambling... It should all be available for those who want. The law should punish only forcing people to be involved in these activities. Making false promises, stealing from people, rigging games should be punished, but if someone chooses to participate in it out of free will it's not up to the government to stop them.
1563  Bitcoin / Bitcoin Discussion / Re: How do you introduce Bitcoin to people without digital literacy? on: August 05, 2022, 08:37:03 PM
All depends on the level of knowledge of these people. We'll have a different approach towards people who use Internet sporadically and those who don't use it at all.
Their age, background, drive and ability to learn new things have a huge impact on the way we'd teach them about bitcoin. You have to know if you're talking to a child, a teenager, a middle-aged person, or a senior and all cases will require a different approach. This is such a broad topic that one could write a book trying to answer it.
1564  Other / Politics & Society / Re: A direct threat to US: Should Pelosi go Taiwan or not? on: August 04, 2022, 10:00:09 PM
Nancy should call Vinnie's bluff and just go. There's no way China would take any military action against the US, they're not suicidal.

And she did call it and it went good IMO. China is acting like a hornet's nest that got sprayed with water, running in circles, moving ballistic missiles from town to town. They're making it a big act that everybody can see for what it is.

Nancy should call Vinnie's bluff and just go. There's no way China would take any military action against the US, they're not suicidal.
China may not attack Pelosi (they likely have too much dirt on her for them to want her dead). But they may use the trip as a pretext for an invasion. They are already conducting live fire drills around the island that could escalate to a blockade

Attacking Taiwan would also be suicidal. China would win, but there are countries that offered to protect Taiwan. China would start a dangerous game with the US and Japan. They don't want that. At least not yet.

Also, they have a party meeting coming up (national congress) and they won't start a war until it's over and reins of the country are firmly held.
1565  Bitcoin / Bitcoin Discussion / Re: Borrow fiat with your Bitcoin and never sell on: August 04, 2022, 09:52:25 PM

It could be a tragic end when there is a bear market and more than half of BTC value drops. If the lender is not reassuring I guess this will work. Isn't something like this already in a Defi platform?

I wouldn't be getting into a loan if I have BTC. What I can suggest is to keep your coins and when ATH, you sell. That's what you should do and then wait for the bear market to come as it always does. You can do whatever you plan with that fiat.

This is what big companies are doing and why they recently got in trouble when the price crashed.
They took loans with their bitcoin as collateral, but when the price halved the lenders demanded more collateral, which the companies couldn't provide because their investors and sales dwindled.

As for you, the average user, taking a loan with bitcoin collateral is not a bad idea, as long as you don't use all of it. Say, I'd take one now for the equivalent of 2 BTC, while holding 10 BTC. The price could go lower, but even if it went below 10k USD, which will I'm willing to bet will not happen, I'd still be completely safe.
1566  Economy / Gambling discussion / Re: Will you stop gamble if your girl friend insists ? on: August 04, 2022, 09:29:32 PM
Sure, I will and I would. I don't have a girlfriend anymore, but a wife and I try to do right by her. If She wanted me to quit something, she would've explained the reasons behind it. It wouldn't be an empty request, just as we don't make empty promises to each other.
Ultimately, you have to decide what's best for you and what's more important. It's like that every day when you have to make a decision. Do I keep drinking and spend the night at a friend's house, or do I stop, get sober for the rest of the evening, so I can drive home and help take care of my daughter. There comes a time when you have to man up and choose not only what's best for you, but for others.
1567  Economy / Speculation / Re: Are we at the bottom? no one knows, but market is doing fine. on: August 04, 2022, 09:17:42 PM
You have a point here, but in as much as 1 Bitcoin remains 1 Bitcoin and yet it's value is still given with respect to dollar,

Don't mix value with price. Bitcoin is priced in dollar but it can still be under or overvalued. IMO it's currently undervalued and when it fell into depression of ~18k it was largely undervalued.

Quote
people will always continue to be worried, because unless all items were sold in Bitcoin, then no one would have worry any longer,

Items are bought and sold around the world for various currencies that are exchangeable for other, yet nobody worries that they sold a car for EUR, but if the buyer agreed to close the deal in USD they would've earned more.

My advice: don't worry about these things! You can't make the best deal in the world. There will always be something better and more valuable you could've bought for the same amount of money in USD, bitcoin, or any other currency.


1568  Economy / Trading Discussion / Re: BTC Bull Trap – Is the post-Fed crypto rally over? on: August 03, 2022, 09:37:00 PM
Quote
Mike McGlone, senior commodity strategist at Bloomberg Intelligence, said in a tweet on July 29 that “Fed Chairman Jerome Powell’s “meeting by meeting” comment may mark the pivot for Bitcoin” to outperform most assets.

He's talking like only the US economy decides the fate of bitcoin. There's no other markets around the world and this Jerome dude is going to be telling us what to do with our money in Europe, Asia, Africa... All of those people is going to sell because Jerome says so and buy when Jerome stops pumping the dollar, even though they don't have any dollars.

Quote
Glassnode cited several on-chain metrics and said in the weekly on-chain newsletter titled “Beginnings of a Bear Market Rally” that the rise in Bitcoin and Ethereum is not supported by strong transactional demand and “this rally has not yet seen a convincing follow through in observable demand activity.”


In early Spring, Glassnode was talking about a large accumulation from investors and a possible bottom at 40k, above the 2021 30k bottom. They were pointing at possible higher high after that bottom.
Unfortunately they did not foresee the war in Ukraine and the Luna bankruptcy. They also did not expect Tesla to sell and so on.

Bottom line, the price doesn't move because glassnode or some bloomberg analyst sees a pattern. It moves because a lot of people come and buy and this doesn't have to be a gradual increase, just like the drop from 40k wasn't a gradual decrease. It just happened one day and nobody was able to write a piece about it before it happened.
1569  Economy / Gambling / Re: 1xbit dispute on: August 03, 2022, 09:20:32 PM
Play stupid games, win stupid prizes.

I've always wondered why people try to get into collapsing schemes. It's always like that. Years ago when there were many cloud mining scams and there were threads all over the forum, every week you'd get someone asking if it's a good idea to put money in this or that site and all they needed to do is search the forum or google it. They were too lazy for it, but they weren't too lazy to make an account on a shady site promising 10% a month and send them their hard earned money.

So I'll ask again. Why do you keep playing in shady casinos when there's so many legit ones. Your chances of wining at a legit one are probably 40% or less, why lower it to 0 by trusting scammers?
1570  Bitcoin / Bitcoin Discussion / Re: How Whales Store Their BTC on: August 03, 2022, 09:02:54 PM
I've watched a video that a crypto company in Japan keeps their most bitcoins/crypto into a hardware wallet. It's safe and it has glass covers and only a few executives has direct access on it.

I can't remember the name of that company but it was an exchange.

I think that there's really no difference on how an individual bitcoin investor keeps his bitcoins safe on a hardware wallet and the same as the enterprises.

In the era of MtGox nobody knew about air gapped machines or hardware wallets. They had it all on bitcoin core wallets and we know how it went from there. At least the hookers that Karpeles was paying for were happy with the money they were making.

Most whales need fast access to their money so I'd expect them to hold it at home with keys on some engraved metal plate so it can't be destroyed in a fire. That's what I'd do. A wallet can be made small enough for you to hide it anywhere like in the floors or behind a lose tile in the kitchen. I have my coins on a hard drive in a fireproof safe. Even if someone manages to steal that I'll have backups hidden in a safe place that will allow me to access and move the funds before anybody can crack the password. The more money you have the more security you need.
1571  Economy / Exchanges / Re: Cryptocurrency exchange koinex shut down in india on: August 01, 2022, 03:47:35 PM
Indian government is corrupt and they're trying to limit the ability of politicians to launder money. It's like you have a house infested with cockroaches but instead of getting a company to gas the house and kill them you look for the holes they use to move around the house and patch them up with concrete. It's not going to stop if you keep playing around.
India should fix their laws first. It's funny that every time bitcoin is banned somewhere it's due to incompetent government that can't deal with pressing matters and tries to put the blame on something else. Surely it's this big bad bitcoin that's corrupting these politicians and allowing criminals to move money around. We ban bitcoin there will be no more corruption and crime Cheesy
1572  Other / Politics & Society / Re: Russian Invasion of Ukraine[In Progress] on: August 01, 2022, 03:30:38 PM
Guess technically Jews could always stop the concentration camps if they had majority in Nazi Germany... Cause you know discrimination and racism is always decided via majority vote

Only if the country is actually democratic and asks people about their opinions.

Are you trying to say Hitler asked the Germans if he should gas Jews in camps or not and acted only after he got the majority of votes?
Putin surely asked the population if he should attack Ukraine and the majority said yes, which is why soldiers were told they'd go to Belarus for training, took a nap in transport trucks and woke up in Ukraine.

That's a nice theory you got there.
1573  Bitcoin / Bitcoin Discussion / Re: Exchange will go out of business of every Bitcoin is hold in private wallet on: August 01, 2022, 03:14:19 PM
Exchanges won't go out of business because people will still need them to transact. Also, traders are a big group among bitcoin users. These people will not resign from their trade just like that. Last but not least, exchanges often trade multiple coins, not only bitcoin. If almost all bitcoiners become holders, exchanges will only lose a part of their profits.

Most people already hold coins outside exchanges. I've seen an estimation that less than 4 million bitcoins is held on exchanges and the rest is in private wallets
1574  Bitcoin / Bitcoin Discussion / Re: What will be running in your mind if Bitcoin reaches $1000 again on: August 01, 2022, 02:58:04 PM
When we're talking about 1k, we should first talk about 10k, 6k and 3k. Those were very important levels in the previous bull and bear markets. Say, we'd go back to 10k, which was the consolidation level before the 2021 bull market. Why would we go that low and why wouldn't big players jump in to buy? If that's lost and we'd go to the 6k, which is the sustained bottom of 2018 bear market (Yes, that was the real bottom. We fell below only due to miner capitulation and that made illiquid exchanges crash below the once strong support.) Why wouldn't traders take that opportunity to buy?
Next is 3k. At that level all who bought bitcoin since 2019 would be long gone, so for us to go to 1k you'd need long time holders to sell at a loss. People who had coins in 2017 and did not sell them for 20k, then held through 2  years of bear market, a crash to 3k, then another crash to 3k in 2020 due to covid. I'm one of these people and I would never sell at 3k because I know that in a year or 2 price would definitely rebound above 10k again.

I held through 2018 bear market and I'm not going to give away my coins to someone for a mere 3k, and 1k is of course out of the question. Iven if I were on my dying bed I'd rather gibe it to my family to hold than sell it at 3k or less.

1575  Other / Politics & Society / Re: USA Bans the right to abortion on: July 29, 2022, 09:44:40 PM
I'm quite funny seeing how the law is in the US.

abortion = killing, indeed everyone has full rights over their bodies but is killing something that should be justified?

Previously I was also concerned about seeing LGBT people being removed from mental disorders....

We kill animals every day, we kill fish, birds. You boil an egg = you kill a chicken. So, the question here is, at what point the egg becomes a child? Is your sperm a child? Is terminating a pregnancy in the first month a murder?

I fell like we should give women some freedom of choice. Sure, if you terminate a healthy pregnancy in the 9th month it can be considered murder because at that point the child feels, hears, has all its organs developed and is able to function outside of mother's body. That said, we shouldn't put this in black or white terms. What if a woman finds out she's missing her period for the first time, so she takes a pill that assures her she won't have to bring an unwanted child into this world, long before this child begins to develop? That IMO is not the government's job to regulate.
1576  Economy / Gambling discussion / Re: Boxing: Haney vs Kambosos II (Undisputed) on: July 29, 2022, 09:29:33 PM
It's going to be a big deal for Kambosos because he clearly lost the first fight and this was his only defeat. If he gets his ass handed to him for the second time he's going to make his lifetime score look much worse and he's taking on someone who's clearly better than him. We're talking rank 1 vs rank 4 in the division. The only good thing going for him here might be that he learned something from his first fight. I feel like he's going to lose again.
1577  Economy / Gambling discussion / Re: Rise of Streamers in Online Gambling on: July 29, 2022, 08:19:08 PM
I don't really care to watch streamers streaming slot games from a casino or a gambling site but I am surprised that slots are in the top list. My thoughts is because casinos want to make their casino be known to many using social media platforms and even partnering up with streamers then both side can achieve their goal where the streamers earn and the casino is advertised. It's a win-win situation for both party. It's business after all.

I don't watch them too. I think Drake was the only one I watched and it was fun, I admit it, because the guy is a joker, but apart from that, I wouldn't start playing a game because a streamer does it. Some people must be doing it though, otherwise casinos wouldn't be paying those streamers so much money.
I also think the stats are fake. Come on, slots? Slots aren't that entertaining. Maybe if they were playing pc shooters like CoD for money people would watch them. Who wants to see an online slot machine rolling? Cheesy
1578  Bitcoin / Bitcoin Discussion / Re: This Made Me Angry on: July 29, 2022, 07:29:00 PM
No wonder they lift it because there was completely no connection between a number of withdrawals and maintaining supply. If somebody really wanted to move their money they wouldn't do it in 6 withdrawals or more. They'd do it in 1 or 2 and it would be all gone. If I have 100k and want to close the account withdrawing it all in one transaction is not a problem for me. If the bank wants to limit me it's just another red flag in my mind that can make me exit faster.
1579  Economy / Economics / Re: How much food can you store for survival?3 on: July 29, 2022, 03:51:36 PM
You can survive or you can eat well. To survive 30 days you don't need a lot of variety in your food. You could get ready to eat daily military rations and have some of those stored in a cool dark place. They usually stay fresh for up to 5 years, but I've seen people eat 20 year old rations. Probably the most tasty and healthy would be frozen precooked food. Like when you make a large amount (10l) of beef goulash with a ton of veggies, pack it into portions and freeze it. It can be eaten with bread, rice, potatoes, pasta, whatever you can get, and it will provide plenty nutrients.
If I had the choice I'd rather hold frozen natural food than meat and bean cans.

and of course home made vanilla vodka.Which I always like to have at least a liter of.😀

I know a guy who seems to get all his nutrients from alcohol. Every time I see him, he drinks, or is drunk. I've seen him work on neighbor's land and I gave him a small job to do on mine. Both times all he wanted to drink was beer and he never ate anything. Apparently beer has a lot of calories.

1580  Bitcoin / Bitcoin Discussion / Re: Finally - My first BTC Physical Buy!!! on: July 29, 2022, 03:36:46 PM
It's sad that those sellers were treating bitcoin like it's some kind of dirty money. With online marketplaces it's always fine when you accept all their terms, but when you say "but I want this" the problems begin. They usually bail or don't want to accept it, or think like you're planning some sort of scam, even if it's some kind of little thing. I remember when we went to buy a car and we sat down and told the seller that everything's fine, but we want to pay half in a bank transfer and half in cash. It was nothing really, should be no issue whatsoever, but I remember the man and his wife exchange looks like "What do you think? Are they planning some scam? Any red flags?"
People can act too suspicious sometimes when it comes to money.

Anyway, congratulations on your purchase, may it work well and as long as you need it to.
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