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1741  Bitcoin / Bitcoin Discussion / Re: What can we do against Blockchain fraudsters? on: August 08, 2022, 04:52:44 AM
Blockchain fraud is a very known issue for Blockchain applications like hacks, fraud and even criminal Darknet activities.


I don't even understand the meaning of this sentence. Blockchain applications? What do you mean by blockchain applications? Do you mean DAPs in the ethereum blockchain or DeFi projects? The crypto exchanges and crypto wallets aren't exactly blockchain applications.
I hear the term "blockchain fraudster" for the first time. Grin How do you define that term, OP? A guy who uses the blockchain for conducting fraud? This doesn't sound correct to me. Can't you just call these guys "scammers" or "hackers" instead of "blockchain fraudsters"?
The only way to reduce or prevent fraud, scams and hacks is to be cautious with our own browsing activities and staying away from things that sound too good to be true.
 
1742  Economy / Economics / Re: Cryptocurrency an Alternative in Resisting Economy Hardship on: August 07, 2022, 11:13:42 AM
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Areas of Economic Benefits in Cryptocurrency

Financial security
Employment opportunities
Independency with decentralized network
Secured and reliable digital investment opportunity
Solution to hardship from transaction charges
Running a balanced economy free from inflation
Reduction in poverty rate while increasing GDP
Intercontinental collaboration, friendship and partnership

The things mentioned in your list are a little bit far-fetched.
1.How do you define "financial security". In the crypto world, everyone is supposed to be responsible for his own financial security, but in reality, most of the crypto users simply leave their coins in centralized exchange platforms.
2."Running a balanced economy free from inflation". What do you mean by "balanced economy"? It has been proven that cryptocurrencies cannot guarantee zero inflation. Inflation will always exist. It doesn't matter if it's crypto or fiat.
3.Cryptocurrencies cannot help in reducing the poverty and increasing the GDP. This is more or less BS.
4.The employment opportunities inside the crypto industry aren't that much and they are mostly for programmers and tech savvy people.
1743  Economy / Gambling discussion / Re: Do Online Gambling Streamers Ever Get Addicted to Gambling? on: August 07, 2022, 06:54:18 AM
Hasn't this topic been discussed in another forum thread a week ago?
1. Those streamers are probably promoting some casino, so they are basically gambling for free(the casinos pay them for promotion).
Maybe it's easier to get addicted to gambling, when you aren't spending your own money? I don't know.
2. I don't really think that the streamers are "doing what they love" all the time. Being a Twitch streamer is like having a job. You have to be consistent and do this every day. Some streamers get tired of this routine.
There's no clear answer to your question. Do you think that the Twitch gamers get addicted to gaming? I don't know, maybe some of them get addicted, while others don't. Gaming is as addictive as gambling. It's kinda difficult to spot an actual gambling addict online. Most gambling addicts are really good at hiding their addiction.
1744  Bitcoin / Bitcoin Discussion / Re: How do you introduce Bitcoin to people without digital literacy? on: August 07, 2022, 06:20:37 AM
I just don't waste time "introducing" people to Bitcoin. It doesn't matter if they are tech savvy or non-tech savvy.
The people, who aren't aware about the hidden dangers of the crypto world might fall into a crypto scam or make a rookie mistake(like sending BTC to the wrong address). I don't wanna get blamed by someone else for other people's mistakes.
 If a person is clearly interested in Bitcoin/crypto he or she will do his/her own research and learn enough about the subject. The best to learn about a topic is practice. Using Bitcoin is the best way to learn about Bitcoin. There will be mistakes along the way, but trial and error is still the best learning method.
1745  Economy / Economics / Re: Nations should impose special taxes on oil firms: UN Secretary General on: August 05, 2022, 11:02:58 AM
The big problem is that the oil corporations might simply increase the prices even more, which defeats the purpose of such "special taxes".
There are only two ways to lower the fuel prices- increase the supply and decrease the demand.
The first way depends on the OPEC countries in the Persian gulf(and maybe Russia). They have no incentive to increase the oil production and lower the prices.
The second way depends on the global economy. If a massive global recession is coming, the global demand for oil and gas will decrease, which will eventually lead to lowering the oil and gas prices.
Imposing "special taxes" won't solve the problem, but the politicians around the world like this "tax the rich" approach, when the crisis strikes.
1746  Economy / Gambling discussion / Re: Casino Games or Gambling Considered Sports, really! on: August 05, 2022, 04:58:13 AM
There's nothing wrong with poker being considered a sport.
Nowadays even playing video games like CS:GO and FIFA is considered a sport. There are big CS:GO and FIFA gaming tournaments and those gamers are being treated like sports athletes. Grin This seems way more ridiculous than calling poker a sport.
There aren't any traditional gambling games in my country, that can be considered an actual sport.
AFAIK, billiard isn't as popular as snooker. For some reason, snooker is really popular in the UK and worldwide, while I don't see any big billiard tournaments being hosted anywhere. I remember that some billiard players where betting money on a game of billiard back in the 90s, but I don't that this has the level of popularity nowadays.
1747  Bitcoin / Bitcoin Discussion / Re: 1 Billion Bitcoin users by 2024 is possible with increased access to electricity on: August 05, 2022, 04:33:54 AM
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Seeking cheap alternative and innovative means of power such as solar powered phones and computers can be a good starting point. Instead of buying an entire solar system which includes batteries, inverter, panel, etc, an affordable phone or laptop with inbuilt solar system would be ideal.

Solar powered phones and laptops? I've never heard about this idea before. Where did you come up with this?
Do you really think that such new technology would be cheap enough? Brand new technologies are usually very expensive at the beginning.
4 billion Bitcoin users by 2030? This seems far-fetched to me. Bitcoin currently has around 30 million users worldwide. Hitting even 100 million worldwide users would be really hard and 1 billion Bitcoin users is close to impossible.
The underdeveloped countries will be facing hard times increasing their electricity production and expanding their power grids.
They would definitely need foreign capital for such massive investment, but the developed countries that have the capital are going to face a recession in the next months or maybe years. Your dreams about mass electrification in Asia and Africa won't come true anytime soon.
1748  Economy / Economics / Re: Another topic about Bitcoin and inflation: show me if I'm wrong on: August 04, 2022, 10:02:48 AM
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If a market attracts investors, it becomes volatile, while if the market attract people with a real need, it won't be the same. Yes, still volatile but a lot lot less.

Volatility is what attracts the investors, and the investors help a lot with increasing the market value/price. I don't think that replacing the investors with "people with a real need" would make the Bitcoin market less volatile. Having a limited supply and unstable demand is what makes the price so volatile, the type of buyers doesn't matter. This is basic supply and demand market law. There was a term in economics called "price elasticity", you should learn more about it.
Nobody is saying that Bitcoin is a safe heaven or inflation protection asset. Maybe it will become safe heaven in the long term, or maybe it won't.
Bitcoin is a store of value and you can use it to purchase goods and services(as long as there are sellers who accept BTC payments).
I don't know where did you come up with this "it's not a store of value if you can't purchase goods/services" theory.
You should read more about the definition of the term "store of value" in some books about economics.
1749  Economy / Gambling / Re: Action 24/7 - The Premier Casino, Sportsbook, and Racebook on: August 04, 2022, 04:58:29 AM
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Accounts must be created by an agent, only. This is the only way to do it with this site, because it is an agent-based site. We have PGP, so all messages can be encrypted.

This is a guaranteed way to scare away many gamblers from using your casino. The lack of convenience and having to deal with such a "middleman". Does your casino support KYC. Who the hell would give his private data to an agent?
Having a Costa Rica license is something I don't see very often. Most crypto casinos have a Curacao license.
The website looks decent, but I don't think that many people would be interested in betting on baseball games.
I like the idea of having a 20% bonus on a losing streak, but I won't bother signing up on your casino in order to test it out.
Do you plan of creating a normal signup process?
1750  Bitcoin / Bitcoin Discussion / Re: What will happen to BTC if China attack on Taiwan? on: August 04, 2022, 04:30:51 AM
As Taiwan is a China Territory. As Russia attack on Ukraine it effects the BTC mostly. My question is that how many others coin will affected if above said thing goes straight.

This event would have the same impact over the Bitcoin price as every other unexpected event, that has a global impact.
The Bitcoin price will drop for a while and then recover after a while. Nothing else. Almost all altcoins are following the Bitcoin price, so the same thing will happen to them as well.
I don't really think that China will attack Taiwan. The Chinese communists aren't that dumb. There's no point starting a World War III (and ruining their economy) for a small island.
They will act as if they are really angry because of the Pelosi visit, but nothing else will happen.
1751  Economy / Economics / Re: Can Tesla's Electric Semi Resolve Shipping Issues Related To High Fuel Costs on: August 03, 2022, 10:16:54 AM
Quote
Food prices are climbing. Partially due to the cost of shipping and transportation rising on fossil fuel overhead.

The inflation was caused mostly by the massive money printing and the stimulus checks. The global oil prices had stabilized at around 100 USD.
Shipping/transportation costs aren't such a big inflation factor. The transport companies simply saw an opportunity to raise the prices and make fast profits.
Anyway, the Tesla Semi sounds promising, but these are only promises. I can't say anything about the Tesla Semi until there are several thousand Tesla trucks hitting the road. I don't see any other big companies in the auto industry focusing on electric trucks. There are multiple issues around the creation of a fully functional electric truck that we don't know about.
1752  Bitcoin / Bitcoin Discussion / Re: Borrow fiat with your Bitcoin and never sell on: August 03, 2022, 06:01:20 AM
This seems like a risky idea.
1.There are interest rate hikes so the fiat loans are going to get more expensive.
2.Bitcoin is highly volatile and if the Bitcoin price drops severely you will have to add more BTC to the collateral or the lender will declare your default, sell your collateral and demand more money from you to in order to cover the rest of the loan.
3.If you plan to buy real estate, there is a real estate price bubble in many counties around the world(I don't know your country). There interest rate hikes and the upcoming recession might hit the real estate market. Good luck owning a real estate with decreasing value while having to repay a loan.
1753  Economy / Economics / Re: A Secret to financial breakthrough on: August 02, 2022, 11:46:40 AM
Changing yourself, your mentality and your habits is the most difficult thing in the world. The things that you are preaching are easier said than done.
OP, did you change yourself? Are you working hard towards your goal of becoming rich? Did you become rich right away? Probably not. Grin
Your inheritance and your environment are the most important factors that determine your way of living and your wealth.
You can change your environment, but you cannot change your genetic and material inheritance.
It's way easier for a middle class person to become rich, compared to a person coming from a really poor family that is living in some impoverished ghetto.

1754  Economy / Gambling discussion / Re: The characteristics of people who are addicted to online gambling on: August 02, 2022, 06:41:12 AM
Quote
Are we one of the online gambling addicts...?
 Huh Huh Huh

Why are you even asking this question? What do you mean by "we"? Most of the forum members aren't gambling addicts.
Are you a gambling addict?
Addiction is a serious mental illness and it requires serious help from professionals.
Knowing the symptoms of a gambling addict isn't enough. I've seen multiple gambling addicts that don't show any symptoms at all.
They look and talk like completely normal people and nobody knows what is happening inside their heads.
My cousin was a gambling addict and he was acting perfectly fine. The strange thing about him is that he was obese and was suffering from really high blood pressure(probably caused by his obesity). He died several months ago.
1755  Economy / Speculation / Re: I do believe that Bitcoin will be more scarce than gold on: August 02, 2022, 06:18:19 AM
Demand and utility are way more important than scarcity.
Imagine having an item that is super scarce, but the utility of that item is zero, therefore the demand for this particular item would be zero as well.
The price of the item will be zero, and the scarcity simply won't make this item valuable. A zero that's multiplied by a million is still a zero.
Gold might be less scarce than Bitcoin, but the demand for gold is way bigger compared to the Bitcoin demand. Gold has utility, because it's being used as a raw material by many industries.
Bitcoin will be fine in the long term. I expect massive bull runs in the upcoming years. There's no need to compare Bitcoin scarcity to Gold scarcity in order to prove a point.
1756  Economy / Economics / Re: Are we hodling BTC or we are hodling Fiat?? on: August 01, 2022, 09:43:10 AM
Everyone is free to HODL whatever he(or she) wants. It can be Bitcoin or fiat. It can be both as well.
Everyone is free to use Bitcoin however he(or she) wants. You can use it as a currency(assuming that enough merchants accept BTC payments in your area) or you can use it as an investment.
There's no contraction or dichotomy here.

Quote
It will only be regarded as BTC holding if every price wave adds to it.

Nope. Bitcoin HODLing during a price crash and/or a bear market can be considered HODLing as well.
You make profits or loses only when you sell. This is basic rule in crypto trading(and maybe stock trading as well).
Keeping an asset with a price, that is dropping might make you think that you are losing money, but in reality you lose money only when you sell at lower price than your buying price.
1757  Economy / Gambling discussion / Re: Gambling in Moderation, Pros can out weigh its Cons in Financial and Health? on: August 01, 2022, 05:44:20 AM
Those studies seem kinda biased. Maybe some casinos paid for them, so we can't be sure about their objectivity.
Gambling cannot help for socialization, especially online gambling. I've gambled a lot in the past and it didn't make more social or talkative.
An introverted and socially awkward person will always remain socially awkward.
All this BS about gambling making you happy and reducing stress seems artificial. Many other activities can make you happy and reduce stress, like drinking alcohol, playing video games, porn, smoking weed. That doesn't mean that those activities are healthy. This is a pretty artificial way to  make you happy and less stressed out. One more thing is that gambling doesn't bring financial benefits, even if it's done in moderation.

1758  Bitcoin / Bitcoin Discussion / Re: Exchange will go out of business of every Bitcoin is hold in private wallet on: August 01, 2022, 05:04:07 AM
Bitcoin is already winning the war against the centralization of Bitcoin services, and a lot of Bitcoin holders are beginning to realize the safety of their Bitcoin when it is off the exchange and kept in a private wallet. You only send real Bitcoin when you do it on a p2p level and you don't own Bitcoin when your coins are stored on an exchange all you have is just promises and not Bitcoin if your Bitcoin is on the third party exchange.

This is doesn't make any sense. Do you mean that you send fake Bitcoins when you move your BTC from a crypto exchange or when you use a Lightning Network wallet? I'm not a fan of crypto exchanges, but I don't think that they are "the root of all evil" so there's no need to criticize them for everything bad in the cryptocurrency industry. Crypto exchanges have helped a lot for the adoption of cryptocurrencies.
I'm not saying that they are good, they are just "necessary evil". Moving from crypto exchanges to private wallets might make the governments want to regulate private wallets and impose ridiculous rules that are attacking our privacy. You might be forced by the law to disclose all your coins held in cold wallets, otherwise you will be facing a penalty.

1759  Economy / Economics / Re: Why is crypto going up after the news of being in a recession? on: July 31, 2022, 11:12:40 AM
The spring Bitcoin price crash from 40K to 20K was caused by several big crypto companies going bankrupt and all the panic around them.
Many traders/investors/users have realized that Bitcoin can survive without Celsius, Voyager and all the other scams. Maybe that's why some investors started buying Bitcoin again. This definitely isn't a bull run. It's normal market volatility. At least all the "doom & gloom" anti-Bitcoin haters/FUD spreaders have stopped with their nonsense for a while. It would be nice if the price recovers back to 30K or even 40K USD, but this is highly unlikely to happen anytime soon. I predict the Bitcoin price is going to stay in the 25K USD range until the end of 2022 and a 60K-80K price range after the next BTC halving in 2024.
1760  Economy / Gambling / Re: [Warning] 10.w88hash.vip Suspicious gambling website. on: July 31, 2022, 06:28:43 AM
A website that has the name 10.w88hash.vip looks suspicious? Damn, I'm truly shocked. Grin
Why do gamblers keep signing up and wasting their coins on such fake casinos? Is it because of some generous "too good to be true" bonus or something else. Is it because somebody is misleading the gamblers into thinking that they could exploit the casino and will money?
I remember that a guy once wrote on social media "Sometimes a scam is SO STUPID that the victims of that scam deserve to lose their money.". I kinda get what he means.
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