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1601  Bitcoin / Bitcoin Discussion / Re: BTC mining cannot be affected by an ARTIFICIAL ENERGY CRISIS on: September 19, 2022, 05:26:52 AM
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It does not matter if Europeans finish paying in RUB for the oil and gas (they will!), or how long does it take to engineers to find a definitive solution to the fossil fuels dependence, BTC will reign over all fiat currencies in not such a distant future. So, the Russians are making here a huge mistake.

The adoption of Bitcoin as a legal tender in El Salvador seems like a failure at this point.
Why do you think that Bitcoin adoption would be more successful in bigger and well developed countries?
I don't see Bitcoin dominating over fiat currencies at any given point. The Gresham's law about money works. "Bad money takes out good money from the circulation." Fiat currencies are bad money and Bitcoin is good money. Why wasting your good money, when you could simply HODL them?
Nobody is saying that BTC mining is affected by the energy crisis. The BTC mining can only be affected by the governments and their stupid regulations.
I don't care about the conspiracy theories about the USA wanting to manipulate Russia into invading Ukraine(and weakening Germany by making the Russian gas expensive). This might be true or it might as well be Putin propaganda. Who cares?
1602  Economy / Economics / Re: What is regulations turning into on: September 18, 2022, 09:42:48 AM
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Coinbase CEO Brian Armstrong said in a statement that Treasury went too far, taking “the unprecedented step of sanctioning an entire technology instead of specific individuals.” In addition to claiming the sanctions exceeded the department’s authority, Coinbase argued the measures:

I'm not a fan of Coinbase, but the Coinbase CEO is right about this.
Everyone is innocent until proven guilty. This is supposed to be the foundation of the judicial system in every normal country around the world.
The US Treasury Department acts as if everyone using BTC mixers is guilty by default. And yes, the Treasury Department is acting as some kind of Gestapo and exceeding it's own authority.
The innocent people, who are damaged by the Tornado Cash shutdown will have to sue the American government for compensation of their financial loses and probably for defamation as well.

It's also a bullshit by Coinbase talking about privacy stuff where they're very strict about KYC and mostly they will ask KYC to every customers that using their exchange. To enjoy privacy Coinbase should stop asking KYC to any users and enable Tor network to access their exchange, also don't store anything to their database including the log session etc.

Although I hate what Circle was done, but Coinbase isn't the one who's right here.

Coinbase, like any other legit company, are required by the law to impose KYC. They didn't impose KYC because they want to.
1603  Economy / Gambling discussion / Re: Choices: Gamble or Help the poor ? on: September 18, 2022, 05:06:49 AM
In order to understand the psychology of gamblers, i have decided to come up few questions for discussions, and here is the first one.

Suppose that you are a responsible gambler who have allocated a certain portion of money to gamble each month. Now you came across a poor person/family who is in urgent need of money. Will you quit the gambling for that month and give the allocated money to the poor family or will you prefer to gamble as you can't live without gambling ?


I'm not a gambling addict so it's not a problem for me to stop gambling for a while.
Maybe I will help a family in need, but maybe I won't. It depends. I'm not that generous and would help if I know more about the poor person/family and why they are in a bad situation. I wouldn't help people, who are alcoholics, drug addicts, gambling addicts, criminals, etc. because giving money to such people wouldn't help them at all. It would only make their situation worse.
The dilemma between gambling and charity isn't an actual dilemma, because most gamblers would simply choose both, I guess.
1604  Bitcoin / Bitcoin Discussion / Re: GREENPEACE INTENSIFIES CAMPAIGN AGAINST BITCOIN FOLLOWING ETHEREUM'S MERGE on: September 18, 2022, 04:45:57 AM
All this BS will basically turn into a meme at this point.
Environmentalists to the Bitcoin miners: USE GREEN ENERGY!
The Bitcoin miners: Starts using more green energy.
Environmentalists to the Bitcoin miners: DON'T USE ENERGY! YOU ARE WASTING EHERGY!
Bitcoin miners: But we are using green energy now.
I don't know how to continue this meme/joke. Maybe someone, who is smarter than me would write a punchline at the end. Grin
In summary: We can't do anything to please the anti-Bitcoiners. Haters gonna hate, it doesn't matter what you do.
1605  Economy / Economics / Re: How to save as food inflation jumps more than 11% in a year on: September 16, 2022, 10:36:41 AM
How to beat food inflation:
1.Eat less. Grin Fasting is good for our health(even though I hear that some experts say that fasting is bad for our health). I don't know anything about nutrition and endocrinology.
2.Raise your own fruits and vegetables in your own garden or piece of land. The costs of doing agriculture are raising as well. The fall/winter are coming and you can't raise vegetables right now. Sad
3.Increase your income. Get a promotion and a higher salary. Grow your small business. I can't give any particular advise about how to do that.
1606  Economy / Gambling / Re: Is this Gambling Bot real or fake? on: September 16, 2022, 06:48:49 AM
Ah, another gambling bot that promises "guaranteed profits".  Grin Am I right?
There's nothing guaranteed in dice games. You could automate betting and perhaps you could impose some martingale "strategy" by using the bot, but at the end of the day, it's all about luck(or hope that the dice game isn't rigged). Grin
Why don't you post more about your experience with the bot so far, OP? Is it really working?
This dice bot has a weird price model and the website is full with ads at the bottom.
A webpage about selling a digital product being full with ads. That doesn't seem professional to me.


1607  Bitcoin / Bitcoin Discussion / Re: What Payment Processors are being used Globally? on: September 16, 2022, 06:16:27 AM
Bitcoin is NOT a payment processor. Bitcoin is a currency.
Saying that Bitcoin is a payment processor would be the same as saying that the US dollar is a payment processor. Grin
The Bitcoin blockchain might be viewed as a payment processor, but I don't think that this term is correct.
A payment processor is a company that processes payments for it's customers(both individuals and businesses).
Crypto companies like Bitpay and Coinpayments are actual payment processors and they are using both Bitcoin and altcoins.
I'm not an expert in this field, but I think that the credit/debit card companies like VISA, Mastercard, American Express and Discover aren't actual payment processors. They just provide the plastic cards and the technology behind them.
1608  Economy / Economics / Re: "Be your own Bank with Bitcoin" - A reminder why this is so important! on: September 15, 2022, 10:34:35 AM
Holding money in a bank becomes a joke at this point. You don't get any interest, you have to pay fees to hold funds in a bank account and the bank can block your funds at any time. Inflation eating away your savings adds more salt to the injury. It's way better to hold fiat money under your bed, instead of a bank. Of course, somebody could steal your money, but there will always be risks involved.
Bitcoin/crypto seems like an alternative, but only a minority of tech savvy open-minded people would use BTC/crypto. The majority of the non-tech savvy people would always use the banks, because they don't know any better.
1609  Economy / Gambling discussion / Re: How to choose an online casino? on: September 15, 2022, 06:15:54 AM
I've been playing online casino slot machines for a while now, and I'm looking for advice on which ones are the best. I like to play the ones with lots of different payouts and bonuses, but sometimes the games take a long time to load. Do you have any suggestions for me?

You have access to the internet and Google (and this forum). Do your own research and don't post pointless forum threads like this one.
If the games are loading really slow maybe the problem is in your computer. Try to optimize your PC by deleting unnecessary files.
I'm not a fan of slots games. To me, all slots games are basically the same, the flashy design might be a little bit different, but the concept is the same. There aren't good or bad slots games. Just try to find slots games that aren't rigged(maybe most of them are rigged).
I personally don't trust slots games enough to be able to waste a lot of money on them.
1610  Bitcoin / Bitcoin Discussion / Re: BTC dumps on high inflation report.. on: September 15, 2022, 05:49:22 AM
Important report comes out that inflation is pretty bad (USD)..

Bitcoin dumps off a cliff..

This is the exact opposite of what Bitcoin is supposed to do..

Has Bitcoin strayed too far from its purpose?

I wouldn't say that Bitcoin "dumps off a cliff". The Bitcoin price had dropped severely in the past, the current drop seems like a pretty normal percentage for a highly volatile asset.
I also wouldn't say that the price drop was caused by this inflation report. The high inflation was expected and I highly doubt that anyone is surprised by the levels of inflation in the US.
The Bitcoin price couldn't break above 25K USD so many traders decided to sell and get their short term profits. The selling pressure increased and the price dropped bellow 20K USD. That's a normal thing in the market. There aren't any factors right now, that can potentially create a stable bull run and build a FOMO phase on the BTC market.
1611  Economy / Economics / Re: Entrepreneurship and women on: September 14, 2022, 10:10:33 AM
Can't we just stop dividing the people based on gender, sex, religion, ethnicity.
People are people and the entrepreneurs are just entrepreneurs, it doesn't matter if they are men or women.
Women have many qualities and they can be successful in many fields. Men are more confident and love taking risks, but the times are changing. I know about statistics showing that the average level of testosterone in men is dropping every day, so the modern day men aren't as masculine, confident and energetic as their predecessors. We live in a more female-centric world than before, because of the mainstream media, feminism and the welfare state. I'm not saying that this is something bad. The times are changing and we might be witnessing more women entrepreneurs in the future(which isn't bad at all).
1612  Economy / Gambling discussion / Re: UEFA Champions League 2022/23 Season on: September 14, 2022, 06:31:28 AM
To be honest, I didn't expect Tottenham, Atletico Madrid and Porto to lose their games against teams that aren't that competitive.
Bayern vs. Barcelona was a pretty interesting game. Xavi needs more time to build a team that can be capable of winning the Champions League. The Bavarian team was solid as usual, even without Lewandowski. Bayern has a more versatile attack now.
Today, I expect the favorites like Real, AC Milan, Chelsea, Manchester City, Juventus and PSG to win their games against weaker opponents. 
1613  Bitcoin / Bitcoin Discussion / Re: Can the blockchain be hacked? Ask again. on: September 14, 2022, 06:11:07 AM
The "51% attack" theory has been discussed a gazillion times in the forum. What's the point of discussing it again?
A 51% attack against the Bitcoin Core blockchain is:
1.Too expensive and requires lots of investment.
2. The end results probably won't lead to ROI and profits, because the Bitcoin price would crash severely and the attackers would be left with a bunch of worthless coins.
The second theory about one of the nodes being disabled seems as ridiculous as the first theory.
Isn't the whole meaning of "decentralized network" being a bunch of autonomous nodes, that can keep working even if one or several nodes become compromised? If all the nodes in the blockchain are dependent of one single one(or several nodes), the whole network actually isn't decentralized.
1614  Economy / Economics / Re: The Impact of the Capitalist System on People's Economic Practices, Really? on: September 13, 2022, 10:40:00 AM
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In fact, if we buy land and build our own house, without using their system, the money we need is about $16,781.90

How do you plan to build a house? On your own or hiring other people to help you?
A part of the price difference between 37K USD and 16K USD is the price of the labor, which has to be used for building a house.
When you build your house on your own you don't include the value of your labor in the final cost.
Many people simply don't have the skills and time to build their own houses. Working 8 hours a day and working on building your house after getting back from work seems like hell.
It's easier to get a mortgage and pay monthly installments, while living in that house and working in your regular nine-to-five job.
Most people would prefer the easier but more expensive solution. 
1615  Economy / Gambling discussion / Re: FIBA's EuroBasket is rigged with a proof on: September 13, 2022, 05:42:02 AM
What's the point of rigging basketball games and who would benefit the most?
AFAIK, those games are eliminations and the teams that lost actually wanted to win and continue in the next phase of the tournament.
What's the point of rigging three basketball games so that they could end with the same result? Is anyone betting on such outcome(multiple games ending with the same result)? I don't know about a sports betting platform, that offers such betting opportunity.
If the games were truly rigged, the people, who are rigging them would try everything they can to hide this. Ending in a same result looks too obvious. At the end of the day, such coincidences happen from time to time.
1616  Bitcoin / Bitcoin Discussion / Re: Article: Bitcoin - an Online Transaction Simulator Taken Seriously on: September 13, 2022, 05:19:58 AM
Bitcoin mining consumes energy and this energy has value. This value is being transferred into the value of Bitcoin.
If the Bitcoin blockchain was a simulator, then what's the point of wasting so much electricity for such simulation?
We could simply use the altcoin blockchains, which don't use as much electricity as the BTC blockchain or we could create a transaction simulator, which doesn't consume any electricity at all.
This is just another "Bitcoin isn't backed by anything real, so Bitcoin doesn't have value" type of FUD articles. Nothing new here.
The anti-Bitcoiners must come up with new and interesting concepts and ideas, instead of repeating the same old FUD.
1617  Economy / Gambling discussion / Re: Premier League top scorer prediction 2022-2023 on: September 12, 2022, 10:02:52 AM
Why limit the ranking to only three players?
You forgot to include Marcus Rashford and Jadon Sancho from Manchester United, Gabriel Jesus from Arsenal and Pierre Erick Aybameyang from Chelsea. I also think that Darwin Nunez from Liverpool might score more goals than Mohamed Salah.
The big favorite for becoming the top Premier League scorer in season 2022/2023 is Erling Haaland in my opinion.
Tottenham needs better midfielders to supply Harry Kane with enough assists in order for him to score more goals. The Manchester City midfielders are better than Tottenham's midfielders.
1618  Other / Politics & Society / Re: Can We Derive Hope From Progress And People Becoming Smarter Over Time on: September 12, 2022, 06:57:28 AM
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This could result in people of the current era developing larger brains. Becoming smarter. Which might give us hope that we can better overcome some of the obstacles life throws at us.

It took thousands of years for the homo sapiens sapiens to develop a bigger brain. Evolution takes a long time.
I actually think that internet makes us dumber, not smarter. The easier access to information makes our brains lazy. We don't properly analyze the tons of the information that we get online, which makes everything even worse.
The amount of online scams doesn't develop our critical thinking. If less people were falling into online scams, the scammers would simply find new ways to scam.
Living an unhealthy life makes us dumber, because the digestive system is really important for optimal cognitive function.
Sitting in front of a computer for hours and using a smartphone 24/7 definitely doesn't seem healthy.
1619  Bitcoin / Bitcoin Discussion / Re: Censorship in Bitcoin online forums on: September 12, 2022, 06:20:26 AM
I recently made a post on Reddit calling out market manipulation using Bitcoin. This post was removed from /r/Bitcoin without notification or reason.

I think there is an army of bots watching certain social media sites to ensure certain topics aren't discussed.

I'll be spending a few Satoshi to embed the message in Blockchain as it's been censored on social media.

Unlike social media, Blockchain cannot be censored by bots.

This is actual utility beyond just recording transactional records.


This is Reddit after all. What else are you expecting? The big subreddits on Reddit and highly moderated.
You can't even post on big subreddits if you Reddit account isn't old enough and you don't have enough karma.
Do you have a developed Reddit account? Perhaps you broke some of the subreddit rules.
What was you post and what was the market manipulation? I don't think that some mod is going to delete your post just because you are writing about BTC market manipulation.
The blockchain cannot be censored, but I doubt that the blockchain is convenient enough to be used as a censorship-free replacement of social media.
1620  Economy / Economics / Re: 'We don’t have enough' lithium globally to meet EV targets, mining CEO says on: September 11, 2022, 10:21:44 AM
Batteries won't be created by using Lithium in the not-so-distant future.
There will be Natrium-Sulfur, Graphene or Liquid metal batteries that will replace the Li-Ion batteries.
The new kinds of batteries will be cheaper, easier to produce and recycle and their capacity to store electricity will be greater than the Li-Ion batteries. Unfortunately we will have to wait a few decades, before the mass adoption of such modern batteries.
Yes, Afghanistan has lots of natural resources. Good luck trying to mine them. Grin
There are no infrastructure, logistics and qualified work force. Importing capitals, equipment and qualified workers is close to impossible.
USA had troops and administration in Afghanistan for 20 years and their success in modernizing the country was little to none. I don't think that any other country would succeed in building a mining industry in Afghanistan.
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