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1581  Economy / Gambling discussion / Re: If There's No Casino Signature Will The Gambling Board Still Be The Same on: July 28, 2022, 09:45:07 PM
I'm sure it wouldn't be the same without signatures, but casinos would find other ways to advertise. The free market always adjust.
Casinos existed before this forum and will exist when the forum is gone. Signatures are a great way to promote business and they work wonders, but they aren't irreplaceable. Without signatures people would probably advertise using avatars and without those they'd be back to posting links.
1582  Economy / Gambling / Re: BetInsider - Free Tips and Predictions on: July 28, 2022, 09:35:04 PM
Maybe it's free but I wouldn't trust it. Tipsters who are just starting their career are always going free to build their reputation and gain potential customers but it's always just they hoping for the best. They've got nothing to lose if you think about it. If they get a high win ratio, they'll probably gain some followers and ask them for donations to get some money for betting. If they don't, they'll change their name and start again. Rinse and repeat until they get some wins and some people to buy their tips.
1583  Bitcoin / Bitcoin Discussion / Re: Most BTC you've spent on something? on: July 28, 2022, 07:00:33 PM
This is a cruel question, it makes me remeber back in 2015 when i spend 3.2 BTC in a used car:


The bitcoin price at that time was close to $430/coin so, i should wait a lil more and get a Ferrari with those 3 BTC.  Grin

I never expect to see bitcoin going to the moon, but it was a nice lesson to learn and a hard to swallow pill.

I also bought a car with my BTC, but it was last year, in 2021 and it wasn't 100% BTC. My wife paid most of it from her own savings and the rest was BTC. The total price of the car was around 16k EUR and maybe 7k of it was bitcoin. The price I sold bitcoin at was somewhere around 50k USD. The car was a Volvo V40 and we still have it.

Mi biggest BTC purchase that I paid for 100% in BTC was a computer setup that I bought from Amazon using BTC gift cards. It was 2019, I paid ~2k EUR at @9k EUR per BTC. I'm using this PC today, it didn't break and it didn't get old.
1584  Bitcoin / Bitcoin Discussion / Re: Satoshi’s exit - planned from day 1? on: July 27, 2022, 07:07:15 PM
What is also one of my theories is that Satoshi Nakamoto is the name of a group of people. They had a leader that did indeed write with a specific style, but in the end they decided to quit the main developer account they used as a group and decided to use individual accounts on the forum.

It's much harder for a group to keep things secret. You always have someone who falls in trouble and needs money, you have someone who seeks fame, you have someone who is not as perfect in hiding their online footprint as others.
I'm not a fan of this theory because after many years we had completely no leaks that would probably appear if these people were alive and used to work as a group.

I believe Satoshi was thinking about letting things play out without his involvement. I don't know if his exit was planned or forced. Maybe he wasn't planning for it to happen so soon, but things rarely play out the way we want them to.
1585  Bitcoin / Bitcoin Discussion / Re: At what age did you start learning about bitcoin? on: July 25, 2022, 09:27:10 PM
1. At what age did you start learning about bitcoin?

I was exactly 30 years old.

2. What role did age and prior experience play in helping you learn about bitcoin and cryptocurrency?

I had some negative experience with banks and some background in online marketing. I was at first interested in mining and came to the forum to learn how to make some money online.
Learning the basics wasn't hard. In the first they I already had several wallets, an exchange account and I was having fun reading threads in off-topic Cheesy

3. With your current knowledge about bitcoin and cryptocurrency, do wish you started at an earlier age?

Of course, but not to learn more. I feel like I've reached the peak of my personal adoption curve. I'm not going to be a bitcoin dev or a blockchain analyst. I'm not going to be coding wallets or making my own altcoin. What I know once could learn in a week. They wouldn't have all the experience, but basic technical knowledge.
I'd like to start much earlier, preferably in early 2012, when you could claim faucets and when bitcoin was worth just a few bucks.
1586  Bitcoin / Bitcoin Discussion / Re: Finland sold 1,900 BTC, for a good cause on: July 25, 2022, 09:05:45 PM
It's good to see a super positive use of bitcoin. Especially when various countries are seeing bitcoin under a negative light due to its usage in money laundering or dark web, it's a refreshing news that a huge amount of bitcoin will be used in humanitarian aid.

It's so very kind of Finland to extend their support towards Ukraine in such a positive way. Good thing should receive good publicity and praises.

As a bitcoiner, I don't see selling, especially selling in a bear market, as a positive use of bitcoin.

A better way would be to put it on auction. If they really wanted donate it, they could've sent in its original form, instead of feeding it to centralized exchanges.
1587  Other / Politics & Society / Re: World is mess becouse 2 good people are out on: July 24, 2022, 02:49:17 PM
Trump, the guy who couldn't take an election loss and told people to take matters in their own hands?
One thing I have to give him is that Putin was waiting with the attack on Ukraine for the results of the US election. Joe must've seemed weak to him because the "special operation" begun soon after a meeting between these two.

Johnson was blindsided. I feel like what he did should not end with him forced out of the minister's chair. Many politicians ignored covid restrictions like the prime minister of Finland and she kept her position.
1588  Economy / Gambling discussion / Re: Looking to start an online casino on: July 24, 2022, 02:29:34 PM
Finally, with regard to the support team, support workers must be assigned to cover their work shifts 24 hours a day, provided that their supervisor is in direct contact with the other three departments: the development department, the payments department, and the advertising department. This will help them respond to users' questions and help them overcome difficulties while using the platform.

He can do without live support, this is not that important. I've worked with online service providers that had just 1 dedicated support employee who worked from home and wasn't there 24/7. Users were able to choose between emailing support or filling in a form on site that created a "ticket" for the employee. The employee was paid hourly and was supposed to check the email 2-3 times a day and answer all tickets as they appear. Live support starts making sense once you get popular.


You need to get more experience.

Not really.

Most online casinos weren't made by one person. He needs a team, at the very least a partner and they need to hire a team.
For instance, he has some coding background, so let's assume he learns a bit and covers backend dev. He needs a front end guy, possibly another back end with experience in crypto wallets, unless they want to handle all deposits/withdrawals manually, in such case he needs someone trusted to manage the wallet. He'll need someone to handle all the advertising and promoting, someone to take care of support... That's not a one man job.

Then we should talk funds.
How much do you have at hand? If that's less than $100k it's going to be hard. You'll have to cut cost somewhere and limit bets to some small numbers like $10 so they won't break your bank, but by doing that your business will scream "i'm low on money" and it will deter players.

For the Devs, I am full-stack dev, and I have experience with crypto wallets as well.
It is just that, I am a perfectionist and I like to learn everything before I jump in.
For the funding, honestly I am under 100K in budget, i wanted to start a small casino at first, just to gain experience and see where it goes from there.
Yet, i prepare hope for the best.


With that budget a good idea would be to do some research and focus on one game. Don't build a whole casino but rather a gaming site for one type of gambling, pretty much what primedice did in 10 years ago, just maybe not with dice, that ship has sailed. There are ways to gamble that don't require a a big bankroll, for instance sports betting, all types of lotteries, gambling with online game items, like those csgo chests or rust items.
Choosing the right "branch" you can cut the money needed to start the project to the minimum and focus all your money on securing a domain and building a site.

Good luck!
1589  Other / Politics & Society / Re: Russian Invasion of Ukraine[In Progress] on: July 22, 2022, 09:58:09 PM
Meanwhile, today three Ukrainian kamikaze drones attacked the Zaporozhye nuclear power plant. An attack on a nuclear facility (such as a nuclear power plant) is nuclear terrorism. Another achievement in the track record of Ukraine.

By trying to implicate Ukraine you're actually attacking Mother Russia because they've committed this act of nuclear terrorism in March 2022.
https://www.youtube.com/watch?v=uP1RUMyzb1Y

Even if this is really a Ukrainian drone attacking, how can you prove the power plant was the target and not the occupants. These drones, regardless of who they belong to, are still doing less damage than Russian tanks did when they first assaulted the power plant and kept shooting at it like it was a military bunker. If somebody is the terrorist here it's Russia.

Let's imagine a situation. I come into your house and claim one of your rooms saying that now I live here. If you touch me you're the nazi doing acts of violence against a sovereign citizen. If you do me any harm I'll record it and publish it all in social media because it's a clear assault.
That's what your beloved Russians are doing. They shot up a power plant, claimed it as their own and are now crying in the media that the legal owners are trying to reclaim it. When Ukrainians drop a bomb on Russian troops it's going to be shown in the media as if they're trying to cause a nuclear disaster. Sooner or later some Russian halfwit will smoke in the backup generator fuel room and blow the whole thing up and then we'll have another Chernobyl.
1590  Economy / Gambling discussion / Re: [Discussion] Should Gambling be Banned? on: July 22, 2022, 08:11:37 PM
I think the better approach is that instead of complete prohibition, strict regulations must be implemented in order to protect gamblers, who are addicted,

I guess the reason behind the bans is because it's hard to regulate the industry in preventing addicts from taking advantage of the gambling. How do you know a gambler is an addict when someone can basically sit at the comfort of there house nowadays to play bets online without having to go to physical casino as in the old days. A caring government knows that gambling does no good to the economy of their state.

It's unhealthy when your citizens are addicts, hardly will that country be productive and be moving forward so to prevent that from been the norm, countries are resulting in banning the activity as that can only be the solution. Assuming there was a means in which gambling doesn't get ban but can be controlled to prevent addicts form taking advantage of it then it'll be done.

There are many branches of economy that are hard to regulate yet countries don't ban them. A good example is cryptocurrency. Less than 5% of countries banned it. It's the same with gambling. It's allowed in most countries and it's not because their governments aren't caring. They're rather not authoritarian regimes but countries that allow for more freedom.

How many gambling addicts are there compared to normal gamblers? 10%? A country that bans something for the minority is not democratic.
1591  Economy / Gambling discussion / Re: Looking to start an online casino on: July 22, 2022, 07:55:52 PM
You need to get more experience.

Not really.

Most online casinos weren't made by one person. He needs a team, at the very least a partner and they need to hire a team.
For instance, he has some coding background, so let's assume he learns a bit and covers backend dev. He needs a front end guy, possibly another back end with experience in crypto wallets, unless they want to handle all deposits/withdrawals manually, in such case he needs someone trusted to manage the wallet. He'll need someone to handle all the advertising and promoting, someone to take care of support... That's not a one man job.

Then we should talk funds.
How much do you have at hand? If that's less than $100k it's going to be hard. You'll have to cut cost somewhere and limit bets to some small numbers like $10 so they won't break your bank, but by doing that your business will scream "i'm low on money" and it will deter players.
1592  Economy / Gambling discussion / Re: Gambling on Psychology & Sociology Perspectives. on: July 22, 2022, 07:18:40 PM
A good example of entertainment is pachinko, a game popular mostly in Japan, but it can be found in many Asian countries. It's basically a type of pinball where you drop metal balls and try to get them fall into certain gates and holes. It's entertaining and very addicting because balls are cheap and $50 can get you a big bucket that will allow you to play for hours. If you go to a pachinko house you'll find that people are sitting them with whole trays and buckets full of balls and dropping them into the machine for hours, sometimes a whole day.
1593  Economy / Trading Discussion / Re: buying low and selling high on: July 22, 2022, 06:58:16 PM
is using spot trading to buy low and sell high for few dollars a good practice? a close relative said he was able to grow his crypto portfolio this way, is this a good practice?

What is low and what is high?

Would you be able to describe a low and high price? I know that we can use some patterns like moving averages, golden crosses and such, but I'll give you an example. We were at 30k, after falling from 65k, so over 50% down. Was that a high price? Most traders would tell you that it's more likely a low price than a high one, yet we fell down from it by almost another 50% to 17k.


It's a good strategy if you get lucky. Don't think you'll be able to predict the market each time because the market is often manipulated by whales. For instance when we were at 40k LUNA went bankrupt and dumped a billion USD in bitcoin and then Tesla dumped again at 30k that took us down to 20. These aren't things TA will tell you.
1594  Economy / Speculation / Re: Analyst Names "Starting Point" for Next Bitcoin Bull Run !!! on: July 22, 2022, 06:45:35 PM
Ki Young Ju, CEO of South Korean on-chain analytics resource CryptoQuant, has predicted that $30,000 will be the starting point of another bull run. Ju has pointed to the fact that most people are still underwater at current prices

Really? I'd like to know his reasoning for that.
He basically says that most people who are still holding bitcoin bought at higher prices than 23k? That's bullshit.

From what I've seen, the majority of current holders have Bitcoins cheaper than 20k and most of those who bought at 50k and above sold at a loss when we broke below 40 and then 30k. Most peopel are not underwater below 30k. Maybe he means the whales like microstrategy, but it clearly says most people. Most people did not buy bitcoin in 2021 but in the 11 year prior to that. Even trading volume proves it because the 2017 bull market had much higher volumes than 2021, so much more coins changed hands and I'm not talking 2 times more, I'm talking over 5 times more.
1595  Bitcoin / Bitcoin Discussion / Re: Strong Hands Are Buying on: July 22, 2022, 06:29:42 PM
Strong Hands buy - ok, but it always depends on how much money you have. In Africa, there are maybe many strong hands, but they do not have so much money as people in Europe. And when I look at countries and their inflation, I think there are many who don't see their value in Bitcoin, because BTC has droped very strongly this year. I'm sure we all know better, but many people don't own Bitcoins. Is it less than 3% of all the people in the world?

The drop is always relative and depends on the moment you enter the space. Imagine you've never heard about bitcoin and join the forums in April or May this year to learn about bitcoin. You wouldn't care much about the drop, on the contrary, it would be a nice opportunity for a newcomer who comes in with some fiat to buy at 20k and next month the price is already at 22 or 23k. You'd be ecstatic, while people who came in last year might feel exhausted after months of downtrend.
1596  Economy / Economics / Re: U prepared for great depresion or u want to be surprised? on: July 22, 2022, 01:43:44 PM
I know it's going to happen one day, but there's so much talk about a recession nowadays that I doubt it's going to hit this or next year. With problems in the economy it's that when people talk about it and are ready it never happens. Some examples are the projected real estate crash that people were talking about for the last 10 years, but we had a covid crash in 2020 that nobody expected.
1597  Bitcoin / Bitcoin Discussion / Re: My Champions in this Bitcoin Winter on: July 22, 2022, 01:22:35 PM
What's interesting is I don't seem to see a website or company name on the billboard? They've just given this message, and that's it? That's kind of interesting, I thought they'd at least chuck their company name on it. I know there's a bit of text underneath that I can't quite make out, not sure if that's the local language, but even if they did put their company name there, you'd expect their branding to be just as big as the actual message, right?

I relate to the message though, I've had numerous conversations with several people who have been talking about buying Bitcoin for the last six/seven years, and they still haven't to this day, but bring it up at least once a year.

Yup, no self interest from their side, pure altruistic approach. Great to see ads like that.
We all know people who never buy. It's like they want to relate to you somehow, knowing you're into crypto, so they say things like "I'm planning to bbuy just waiting for the right moment for it to hit real lows like 10k again". It's like when you come visit your friends on a motorcycle and they're like "nice bike, I've always wanted that, maybe next year I'll finally buy one" and they never do.
1598  Economy / Economics / Re: Surprisingly, Elon's Tesla is not so keen on hodling BTC anymore on: July 21, 2022, 09:57:29 PM
Pretty easy decision for him and I think maybe some of us had so this coming. Obviously, it has something to do with the current state of the market and maybe he knows that he is going to lose money short term. So as a businessman, he has to shift and keep moving his money around so that it will still grow despite the current recession that we are having. So I'm not surprised, but I don't think this is an attack to bitcoin coming from him, just a business move, in my opinion.

A shady business move to say the least. He praised it and then he criticized it. You'd expect him to do some research before investing, right? Of course he had to do it. He knew what he was buying. Attacking it and the community after dumping everything was a punch below waist.

If these companies want to buy, I have nothing against it. If they want to sell, same, but when they start to influence the price via social media it's a different story.
1599  Economy / Gambling discussion / Re: Smartphones: Multi-tabling insanity! on: July 21, 2022, 09:41:07 PM
Multi-accounting is risky but many people do it. I even had an offer from a guy that I know who is making these accounts to work like that part-time. He works in a group of people who make accounts for players who later use them to multi-account and claim deposit bonuses and such. They mainly focus on fiat casinos and according to the guy the money is good. There are hundreds of people doing it every day and you don't even know if you're betting against an organized group. They often get banned that's why they need a lot of people with different IPs to keep the accounts active for them.
1600  Bitcoin / Bitcoin Discussion / Re: Hold your bag when you can on: July 20, 2022, 09:48:29 PM
This is where the strength of bitcoin is. It's just good, it works and it allows you to avoid many hurdles along the way.

Most of us just want to go to work and get paid. We don't want to bother with all the problems a bank or the government that stands above it might have. We have our work, family life and the things we do for pleasure, our hobbies, and that's all we have the time and the energy to take care of. When we earn money we want that money to be available 24/7 for whatever we want to spend it on. We deserve it. Someone telling us that we worked as slaves for the last year and don't get to see the money is out of the question.

Over time more and more screwups like Cyprus, Greece, Russia, now China will happen and people will learn that they have to take care of their money themselves.
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