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161  Economy / Gambling discussion / Re: Life with a Gambler - Solution! on: August 13, 2018, 01:36:15 PM
I mean seriously, living life with a gambler can have its major downfalls, but I can think of many other types of addicts that I would 100% not be able to share a roof with.
Gamblers won't steal from you to gamble; unlike a drug addict who will steal and lie to get their next fix.
Those are probably addicts who are addicted to substance or alcohol. But how come those people are going to steal from you and gamblers won't? I don't understand since gamblers feed on burning money in order to gain more money. What's a better scenario than them being in a place where they can take someone else's money without that person's knowledge and be able to gamble with it? I have met some substance and alcohol abusers in the past and they take pride on being an addict but they can afford it.

Gamblers, on the other hand, no matter how rich they are, they can never afford gambling. Some would think that a rich person can gamble and lose money but not worry about it because he's rich, but what happens when he starts betting higher? The higher the bets, the more thrilling it is to gamble. What happens when the person starts going all in, starts gambling with the things he owns (properties, cars, etc)?

Honestly, I would be able to stay under the same roof with people that are addicted to substance. They are just people like you. The only difference is that they are using gambling, drugs, and alcohol to escape reality. If you don't do that, then I'm proud of you. I'm proud that you don't have to resort to doing those things. But you have to understand that this people are just trying to carry on with their lives without destroying anything but themselves. They are not to be disgusted of.
162  Economy / Gambling discussion / Re: Gambling Excuses on: August 13, 2018, 01:02:34 PM
Neither gambling nor trading, nor, in fact, any other business is a good idea if you are going to start it with the money you borrowed. The probability of it not ending in a fiasco is one in a thousand cases. First you should earn the money and after that you can do whatever you want with it. Besides, if you earn the money by yourself, you value it more, and it is less likely that you will risk it all thoughtlessly.
Perhaps it's the other way around? Perhaps we value it more because we know that the money doesn't belong to us and if we lose it, we have to pay for it? Not really sure about gambling and trading but in business, people usually take loans from the banks to start a business. It has become rather normal that we take a loan for emergency purposes but the main purpose of a loan is so that people will have money to start a business. They require a business plan so they will have an idea of what business you're going to build and if it's likely to be successful or not. This way, you also get to know the falls of your business and what are the reasons why it might be a bad decision to start that business.

Nonetheless, it's better to risk your money only so you can only go bankrupt (zero balance). Starting a business or pretty much just risking money that you have borrowed and losing it all will put you in debt (negative balance) and it's a lot harder to start from there than zero balance.
163  Economy / Gambling discussion / Re: Do you play online casino? if Yes... on: August 13, 2018, 12:16:05 PM
I don't spent too much time on casinos in real life because I don't have time for that in busy life so in that case I will choose online casinos.I don't need extra time for doin that even I can play in my travelling times so convenient is the reason for me to play in online casinos.

One of the biggest pros to online casinos. This is also one of the primary reasons behind the increasing popularity of online casino over traditional casino.

Most of the people with jobs spend 1-2 hours in public transport daily and they can use that time for gambling. In fact, doing this while returning from work may be refreshing for some people.
Sleep is refreshing. Drinking plenty of water is refreshing. Gambling? I don't think so. We are losing money in gambling. It's only refreshing when we're winning. But the reality is most of the time the opposite. After a busy day at work, all you want to do is lay down, see your kids, kiss your wife, eat dinner, and go to bed.

Gambling is very draining (and not refreshing!) especially if you're a self-aware individual although I doubt that a self-aware individual will have gambling as a hobby. A self-aware individual will usually be aware of his earnings per day from his job. Losing some of it will mean that all those hardwork for that day, he's just throwing it away. On your way home from work, you can just listen to some relaxing music. You can also study something or read the news. Gambling will just add to your stress for that day.
164  Economy / Gambling discussion / Re: Effects of Gambling on: August 13, 2018, 11:22:03 AM
Why focus so much on individuals? Look at the countries where gambling is 100% legalized, such as Macau and Monaco. These countries have become super-rich due to the tax revenues from casinos. Also, huge number of jobs are created as a result of gambling. 

Bad effects will occur and the impact will be greater than the good one. Not all countries can legalize gambling even though the potential state revenue that can be obtained from this sector is quite tempting.
It depends on what country we are living, gambling is just a form of entertainment but it's an expensive type.
Poor countries are against gambling because they know it will only make their people poorer as people are desperate to make instant money without knowing their chances.
They do know their chances. They know that they have really small chance of winning but the thing is, they don't know how little. In lottery (which is another form of gambling), it is said that your more likely to die on your way to buy a lottery ticket than you winning. Just imagine how little that chance is.

I think countries are banning gambling so that it will not be in the majority of people's minds. People wouldn't make it an option because they know it's illegal. Some people would argue that there will still be people gambling since there are still people doing drugs even when it's illegal. But as you can see, there are far less illegal drug users than drunkards because illegal things aren't our immediate coping mechanism since we know that we can go to jail for that which will pretty much make our whole life go to waste.
165  Economy / Economics / Re: Why spend time in bitcoins? on: August 13, 2018, 03:36:24 AM
We can't deny that everybody wants to get rich the easy way, Bitcoin is one of the ways to get rich easily. as well as working, we spend most of the time to be at work and at home when we only have a little time for the family and then go rest. But with Bitcoin we could remain in the home, divide the work and family.
I honestly never get why people think that bitcoin can make you rich. The people who have invested in the past when bitcoin was much cheaper, those are the people who got rich from bitcoin. That train has already passed and it will take a lot more money today for you to be rich in bitcoin unlike before since the price is a lot more.

The work is alright. It requires nothing but a computer and an Internet connection. The only thing you have to invest in is maybe an upgrade of computer so your workflow will be easier and maybe a better Internet plan.
166  Economy / Economics / Re: Wise thing to do with your savings. on: August 12, 2018, 02:24:18 PM
There really is no point in just saving money just to save money. Put some money for emergency fund and put money enough for you to survive 3 months of zero income then start risking your money. Of course it would be stupid to just risk the money without knowledge about business and economy. The better you know, the more chance for you actually doing good in the business world.

If you do have a lot of money, perhaps you can give your job less time or just have a part time job then start focusing on learning business. Why? Because business people are the only people that don't have to work for someone but themselves. They don't need jobs, they offer people jobs, and it's the only way for you to become rich even when you don't do much.
167  Economy / Gambling discussion / Re: Does convince people to enjoy gambling is a wrong idea? on: August 12, 2018, 12:25:57 PM
The thing is that people are different, what is good for some is bad for others. You are right in theory. Indeed, it is better to go hiking with your family instead of gambling online. But in reality, some people don't have a family, others live in such places that hiking is not an option. And for some people hiking with their family would be more stressful experience than their regular job from which they supposedly should be relaxing.
I get that and sometimes you just don't want to go home because work has become the new "home" to you and your house is just a place where you're constantly being pressured and annoyed by the people you are supposed to love. I guess if you do have that, you should go out with friends instead which you can filter. We were born with certain family members and you can never change that fact for the rest of your life. Friends, on the other hand, you can choose who you want to befriend. Choose someone that destresses you or helps you relax more.

That is not so easy to accomplish. Normally, if you can't find common ground with your family, I mean with your wife and kids, because those people are supposed to be the closest to you, you will hardly find common ground with your friends either. But if you are talking about relationships with your parents then I agree with you, only I propose to find a wife/husband rather than friends. Try to be friends with your wife, convince her to enjoy gambling (like I did), and have fun together. Smiley Convincing your wife to enjoy gambling isn't a wrong idea imo. As long as you know the limits of course.
How is it that not finding common grounds with your wife and kids would mean you won't be finding common grounds with your friends? Like I said, the difference between family and friends is that you can choose your friends. This means that you can just be in a social gathering for people like you and everyone there will have common grounds with you. Pretty much why gamblers go to casino, to socialize with people like them, people they have common grounds with.

I really would rather find a new hobby or adopt to my wife's hobby instead of dragging her into gambling which we know is very expensive and risky. I can't afford to have her addicted in gambling since we share common funds and her losses would be my losses too.
168  Economy / Gambling discussion / Re: Is gambling addiction mainly due to loneliness and dissatisfaction? on: August 12, 2018, 11:43:15 AM
some gambling cases could be due to loneliness , but majority don't . people get addicted to drugs to escape away from reality , they don't want to face their troubles in life . So addiction leads to loneliness not the other way ! .
I think this kind of discussion needs a supervision of a suitable specialist not on forums where anyone can say random words.
Random words like the one you said? What a way to set an example, Roll Eyes Do you realize that what you said is contradicting? You said that people get addicted to substance because they want to "escape reality and they don't want to face their troubles in life". This means that they were lonely and afraid in the first place. They have a problem. People cope using drugs and gambling because it's the way they cope with the problems which doesn't really make sense since it only gives you even more problems.
169  Economy / Economics / Re: Study says being rich is determined by chance rather than intelligence or talent on: August 11, 2018, 11:17:49 AM
Some people say they have no free time, they usually say this as they sit on the couch watching TV. At work when asked if they phoned back a client, the answer is no as you talk to them on the way back from the smoking area.  Such people never be rich even with luck.
And I swear it's the same people that want to give you advise in life and even financially. It says so much that they know what to do but they just don't do it because they are lazy. When you approach them about their TV series addiction, they say that it's their stress reliever but you can see them even on weekends watching. These days, you really have to learn how to ignore people. Next time they tell you what to do financially, ask them where there is fortune or if they have a degree in business or economics. That should shut them up.

Becoming rich is a combination of luck, intelligence (knowledge), talent, and connection. You would never get somewhrre far if you don't have all of it.
170  Economy / Economics / Re: So many cryptocurrencies ! on: August 11, 2018, 10:48:13 AM
There are numerous cryptocurrncies on the market making it very difficult to fish out the promising ones. Lips sealed Lips sealed

This is the test of the people to identify the best coins among all and if you can mange to do it then you be a rich guy as you can buy many coins during its pre ICO stage and get it at discounted rate. Once it get a bumper listing you are all set to make money from such coins.

Most of the time it doesn't work like that, though. Promising ones have a lot of investors and they get sold out almost right away, at least the ones with a good marketing strategy and the ones that have been hyped up.

ICOs have been the new nest of scammers and they are making more and more promising looking ICOs. At the end of the day, it still depends on whether or not they are going to run away. I suggest that you buy once the coin is listed to an exchange. That way, you will be able to avoid getting scammed since most ICO scammers run away right after token distribution and some don't even get to list the coin to a exchange. Plus, buying after the coin is listed in an exchange is better than buying pre-sale because it's the time when bounty hunters are dumping the coins and they are so muc cheaper. I really don't recommend investing in ICOs unless the advisors are relevant people in the crypto world.
171  Economy / Economics / Re: Why lot of countries do not allow to use Crpto? on: August 11, 2018, 10:01:23 AM
I think that more and more countries are banned from selling or investing in bitcoin or cryptocurrency because they fear that letting their bitcoin grow so strong in their country will have a direct impact on their economies.
If that is the case, then those countries sure are very proactive. The number of bitcoin users in our world is so little that it's just a fraction more than 0%. On the other hand, I don't think it's the main reason why they are banning cryptocurrency in their country.

I think they are banning bitcoin and ICOs to prevent their people from losing money from investing. ICOs are mostly scams these days and bitcoin is very volatile. Those people's monetary loss are the country's loss too. They don't want people going bankrupt because they are gullible and got scammed by ICOs or got greedy in holding bitcoin that they held on to it too much that when they needed money, they had to sell at a low price.
172  Economy / Economics / Re: Tax on the crypto currency! What do you think? on: August 11, 2018, 09:27:48 AM
I think taxes help individuals about the improvement and development of a particular place or institution. It makes the society more capable of innovation with the help of the government.

However, crypto currency can stand and will develop without the help of any leaders or elite like the government. It is an independent digital currency where people can use to avoid taxes and other criminalities. I think the government are trying to control crypto for their objectives.
While all of that is true, bitcoin users definitely cannot avoid taxes. Sure we can whenever we transact to other bitcoin users but can you really use bitcoin to buy your necessities? For the most of us, we can't and some can but they simply don't. We are always exchanging our bitcoins into fiat so we can use it in real life and it has a taxation going on.

Exchanges have to pay taxes. Some don't realize that they are paying taxes whenever they exchange their bitcoin into fiat because the exchange rate has already been adjusted so we automatically pay the taxes. You can only know about this once you've done your own research. They don't include it right when you're exchanging.

Now, I wonder what would happen to our ecosystem when the government adjusts that tax to a ridiculous amount. It seems like it's the only way for the government to have control of cryptocurrency.
173  Economy / Economics / Re: Is the government really scary? on: August 11, 2018, 06:50:31 AM
Every year we become more and more spyed. What do you want if even the weather app on the phone asks for access to my contacts and gallery; and if I will not allow that the app simply will not work! I do not know what the government really scares, but the most of us are just sheeps in the global conspiracy.
I don't know how did that scare you when there's tons of similar apps that don't require access to anything in your phone. Usually you can also browse weather apps through your browser. There will always be alternative apps for certain apps.

In China, they are so terrified of their government. There was an interview where the people aren't saying anything about the government and that "they might be watching them as they are being recorded." That's how scared they are of their government.

In my country, on the other hand, the government doesn't seem to have much power on the Internet. They can't even properly block pornsites. The government's website itself is getting attacked. The hackers are changing the images into edited pictures of government officials holding dicks and they never get to catch the people doing it.
174  Economy / Gambling discussion / Re: Does convince people to enjoy gambling is a wrong idea? on: August 11, 2018, 05:54:00 AM
~
The thing is that people are different, what is good for some is bad for others. You are right in theory. Indeed, it is better to go hiking with your family instead of gambling online. But in reality, some people don't have a family, others live in such places that hiking is not an option. And for some people hiking with their family would be more stressful experience than their regular job from which they supposedly should be relaxing.
I get that and sometimes you just don't want to go home because work has become the new "home" to you and your house is just a place where you're constantly being pressured and annoyed by the people you are supposed to love. I guess if you do have that, you should go out with friends instead which you can filter. We were born with certain family members and you can never change that fact for the rest of your life. Friends, on the other hand, you can choose who you want to befriend. Choose someone that destresses you or helps you relax more.

I think at this point most online gamblers have over 3 years of the experience, so they can relate to the notion. I mean, the longer time span the better for any research, but maybe there are not much people who gamble online over 10 years.
Alright, I was just wondering where it came from since it was just mentioned with no explanation. Just for clarification.

In my opinion, you cannot do anything about that anymore and that is out of your control. It’s the persons personal agenda now and people who have tried something that they had fun and want to continue might have some problems in the future. It’s not wrong to teach them the right thing but it’s up to them to do what is right.

But at some point it may also backfire to OP. Why? Let's say he/she did introduce gambling to his/her friend/s, family and/or relative/s. Yes, it will surely not in OP's control but the fact that he is like the initiator of it, once, this person did or encounter some problems in the future, it's possible that the blame will be dropped on OP. Though, I'm not saying it will only be on OP, This person did the most out of it so most likely the rest of what he/she did is all on him/her.

In my opinion, Since you OP know the risk about the industry, It's safe if you just explain (convincing is quite complex) it to them but to teach, I guess just pass on it. I'm not saying to be selfish but It's the best thing not only for you but also to those who asked you about it. Though this come in case to case basis, I just look at it as if that person is just starting and wanted to try gambling.
With or without OP's help, the person will still learn how to gamble because the information is out in the open. It's not like gambling is so secret that people have to pass on the knowledge to you so there really is no point in blaming who started it. Who's to blame is the person who continued it which is the person who asked how to gamble. But honestly, people really do think like that. People are blaming those who taught you something and they will forever be to blame (for people) since you can never change the fact that you were the one who taught him. That's why if you don't want any of the stress, just pass on it. You're not getting any benefits from teaching someone how to gamble anyway even when let's say they are going to register under your referral link, it's not worth it.
175  Economy / Gambling discussion / Re: How much have you won/lost on bitcoin gambling ? on: August 11, 2018, 05:16:27 AM
I probably have lost 0.1BTC in the past from gambling. Day and night, I was gambling and that was the time I didn't know this forum yet. Well, I do know of it but I haven't registered. I was one of those people who thought that you can beat the house by figuring out a good gambling strategy. I used different scripts, edited them to my liking, and eventually learn how to create one from scratch. My inspiration in gambling are the people that are also using a gambling script but are always on the winning side. I told myself, "hey I can be just like that guy."

The ending was that I put so much money in gambling trying to test out this new gambling strategy "which definitely will make me rich because it's a foolproof strategy." The only fool was myself. After a couple of months of not making a fool out of myself, I went back to the gambling site. The people that have been running "good" scripts are already in negative profit. I guess you really have to withdraw your funds while you're still winning and that no script can make you earn forever. Eventually a tremendous loss streak will come to you and end your winning streak.
176  Economy / Gambling discussion / Re: Is gambling addiction mainly due to loneliness and dissatisfaction? on: August 11, 2018, 04:44:40 AM
We can't compare addiction of gambling to drugs that's like comparing oranges to apples.
But I do believe the dangers due to consequences of gambling addictions is much worst than drugs. Gambling addiction may lead to complete destroy of a person regardless of his family or social standing and status. Basically gambling addictions are vulnerable to a person only when he is continuously engaging with gambling. It means when a person is not good with their relationships then he may get into gambling to spend his leisure times.
As I've said, we can't say on what's worse and what's not. They are both addiction and it can do harm for the other end. In gambling addiction, this depends on the personality of the gambler on how he can take things. While in drug addiction, just sit and watch tv news about it and you'll see people being harmed by those people that are under the influence of drugs. So if you think that gambling addiction is much worst than drug addiction, it's your opinion.
At this point, you two can pretty much agree that "it's a case to case basis". At the end of the day, the damage that is caused to the gambler depends on how much the gambler wants to fight his addiction and the same thing is true with a drug addict.

We can weigh what's worse by listing down the negative effects ithas on you. In gambling, you're losing money, you're ruining your reputation, and you damage your body by staying up late. In drugs, you're losing money (but not as much in gambling), you're ruining your reputation, and at the same time you're ruining your body by putting all these illegal drugs into your system.
177  Economy / Economics / Re: When will people feel comfortable using BTC ? on: August 08, 2018, 11:37:29 AM
I think it boils down to usability and the fear of losing money due to bitcoin's volatility.

Right now, there really is no point in using bitcoin if you're just a regular individual. You have fiat money and you have been perfectly fine since day one. Why the sudden switch to using bitcoin, right? I think crypto is really useful to people who sends money online. The fees are just a lot less especially when you have to transfer abroad. Other than that, is there really anything else? There isn't much reasons for a regular individual to use bitcoins. If I wasn't making money from the Internet, I probably would have stayed away from bitcoin and have focused in other things instead. We need the merchants to start accepting bitcoins.

The next thing, people are afraid that they are going to buy bitcoins and then wake up the next day that the price have become really low. It's very unlikely for that to happen but it still can happen. To solve this, people should realize what volatility is and how can they be in profit even with the market going down. They have to understand the concept behind it to understand that it's a normal thing to happen.

On the other hand, what's the fuss anyway since we're making money from bitcoin and we don't need non-tech savvy people asking dumb questions here. Roll Eyes
178  Economy / Speculation / Re: Has Bitcoin reached its goal? on: August 08, 2018, 10:13:12 AM
It will be quite hard given the fact that there will be only 21 million Bitcoins ever and at least a million of them is already out of cirrculation due to lost privkeys etc.
It doesn't really matter much if that much has been lost because 1 bitcoin can be separated into smaller units. Bitcoin doesn't have to be completely 21 million in numbers to be able to accommodate everyone in the world. The decrease of bitcoin in circulation actually kinda helps for the price increase of bitcoin since it will be more volatile.
How do you really know that, Bitcoin would hit 250000$ at year 2022. Cheesy Cheesy
There really is no way to know what will be the price of bitcoin at a certain time in the future so anyone who claims anything like this is basically just guessing that's why I never really trusted speculations although it's sometimes fun to hear their "explanations".
I want to respond to your thread title about the purpose of creating bitcoin, I think the purpose of creating bitcoin to date has not been achieved because satoshi assumes that a good currency is not controlled by the government or central bank. As long as bitcoin is still a tool of investment without in use as a means of payment , bitcoin has not reached its destination. Angry Angry
You can use it as a way to pay but only for digital transactions. Transactions IRL are mostly paid with fiat money which you can buy with your bitcoins. So indirectly you're buying things with bitcoins. It will take a long time before we can directly use it.
Bitcoin's main goal is to become a world currency. but that is impossible with the reason that the limited amount of bitcoin is only 21,000,000 in the world.
where might divide 21,000,000 bitcoins for the whole world. it won't be enough.
bitcoin is more suitable as an investment asset.
1 bitcoin can be divided in much smaller units. It's not like we're supposed to have 1 whole bitcoin, 2 whole bitcoins.
It grows because of the HYIP and no more,this is the problem and the demand will fall and bitcoin will not be needed, there are many altcoins that are more profitable than bitcoin .
Don't be crazy. Altcoins are only profitable in the short term. Altcoins die right away. Once the majority of the bounty hunters have dumped the coin, it's very unlikely that the coin will have anymore future. As you can see, most altcoins don't really have a future anymore. It's profitable only if you're lucky enough to dump before everyone else. Otherwise, you'd be losing money. I'd put my money in bitcoins instead and just wait out a couple of months. It's a lot less risky than holding an altcoin only to find out the next morning that the devs are already gone and everyone has already sold their coins and your money is basically gone.
179  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto is not for people who want permanent money! on: August 08, 2018, 09:32:24 AM
I think permanent money only comes from having multiple successful businesses. You can't have permanent source of income from a job either. The company can shut down or they can choose to remove you. You can also get old and not be able to do the job anymore. Crypto is not permanent to us because the price is moving a lot and we're affected by it a lot. Business is the only way to have permanent money since it will always generate money. It will take a lot more hardwork and a lot more of time. People will always consume things and they will always buy things. It's a continuous cycle. They buy something from you, they consume it or the item wears out, then they buy something from you again.

That's why if you want to end the days of you having to go to work, you're gonna have to learn how to run a business and if fate allows, it might even become successful.
180  Economy / Gambling discussion / Re: Is gambling addiction mainly due to loneliness and dissatisfaction? on: August 08, 2018, 08:44:27 AM
If you do anything while you are lonely then it will become your habit since your mind is very eager to do something so if you gamble while your are lonely then it will become and addiction.The other reason is that greediness people just want to be a rich person in very short time and they think the gambling can do that for them but actually they are going to lose their money here so they will keep chasing the money and will get addicted.
I think you meant we're going to come back to gambling whenever we're sad in order to cope up with the loneliness. It really depends on your situation and how can you handle it. Do you get lonely whenever you're alone because of this problem? Then you sure will be gambling a lot. But, are you the type of person that only gets lonely sometimes? Then even when you have gambling as a way to cope with it, you wouldn't be gambling much since you're seldom lonely.

Another thing that we can put into consideration is our ability to solve the problem. If we are able to get rid of the problem, we have no more reason to be lonely, thus, no more reason to gamble. It really depends on a lot of things but the ending will always be you actually solving the problem.

I think it's true tbh. People who don't have any hobby, have so much free time in his life, don't have anything to do and lonely, all are makes people do gambling and sometimes become addicted to gambling because they don't have anything to do beside do gambling.
Sometimes we're not really addicted to something. It's just that we don't have anything else to do. Before, I used to think that I have a drinking problem because I'm going out a lot with my friends we used to drink almost every day. When I put some thought to it, we all don't have anything else to do with each other. We like different things and we all have different hobbies. Basically we're bonded by the alcohol. At some point, I stopped coming just to see if I actually had a problem. Turns out, I don't. I used the time I would spend drinking (which I thought was my addiction) doing something else like taking photos and editing them. I didn't even feel the need to drink at all. The addiction was nothing but an illusion and I was able to give it up right away by just filling the time with something else.
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