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1941  Bitcoin / Hardware wallets / Re: What is up with the Cold Card? on: December 18, 2022, 04:39:47 PM
Can anyone tell me what the difference is between the cold card and other air gapped devices. I dont really get it. It has a secure element just like some others. I have currently a trezor and a ledger where I am considering a cold card, but dont understand why owning one is better than the other two. Secondly, When you go to the coinkite store to purchase 1 cold card, does it come with the cable, power adapter, and SD card? Or do you have to purchase those separately? The site is not clear. Thanks
cold cards are a form of hardware wallet that secures your coins for you. It us distinct from other wallets in a sense that these are supposed to be air-gapped, which means they are completely shut off the internet and would require to be physically present and active to even be accessed, unlik most cold wallets of today. Of course. This is a double-edged sword in a sense that it completely prevents remote hacking and secures your coins, but also means that if you lose it. You'd have to say goodbye to your coins.


AFAIK most Cold Cards are bought along with its peripherals, so you should be good.
1942  Bitcoin / Bitcoin Discussion / Re: A day with an ally. on: December 17, 2022, 08:05:34 PM
Your friend is stuck in a rut financially, I,can tell. I agree with the prior comment here that you shoulx bd wary about telling or persuading your friend to invest as his money is strictly on a budget even if he doesn't tell you that. That being said I appreciate the fact that you gave him a rundown of how bitcoin works. But at the end of the day the decision to invest should be entirely his, with little to no intervention. I'm saying this because I myself burned brifges accidentally by urging friends and acquaintances of mine to invest in crypto, some of them lost significant amount of their capital and they blame me for persuading them. You migjt say your friend is not like mine but just be wary.
1943  Bitcoin / Bitcoin Discussion / Re: AI answer to how can bitcoin price drop to 0$ on: December 17, 2022, 06:12:08 PM
Well lately you may all heared about the new AI chat called chatgpt which is in beta version and for free now and It's so easy to use and access. So i wanted to ask some questions about bitcoin to it and see the answer, one of my curios questions is how bitcoin price drop to 0$ and this is the AI answer :


[It is theoretically possible for the price of bitcoin to drop to zero, but it is highly unlikely to happen. There are several reasons for this.

First, bitcoin has a fixed supply, which means that there is a limited amount of bitcoins that can be mined. This scarcity gives bitcoin value and makes it unlikely that the price will drop to zero.

Second, bitcoin has a decentralized network of users who are committed to the success of the currency. These users are motivated by a belief in the value of bitcoin and the underlying technology (blockchain) and are likely to continue using and holding bitcoin even if the price drops temporarily.

Finally, bitcoin has a strong track record of price stability over its 12+ year history, despite experiencing some significant price fluctuations. While it is always possible for the price of bitcoin to go down, it is unlikely that it would drop to zero. ]


Well i didn't get the scenarios of this thing to happen. So i had to ask about it again and i got this answer which was so detailed



[It is difficult to predict specific scenarios that could cause the price of bitcoin to drop to zero, as it would require a significant and unforeseen shift in market conditions or technology. However, there are a few hypothetical scenarios that could potentially lead to the collapse of the bitcoin market and a drop in the price of bitcoin to zero:

Loss of trust: If the bitcoin network were to suffer a major security breach or if there were a widespread loss of trust in the integrity of the network, the price of bitcoin could potentially drop to zero.

Government intervention: If governments around the world were to pass legislation that made it illegal to use or hold bitcoin, it could potentially lead to the collapse of the bitcoin market and a drop in the price to zero.

Technological obsolescence: If a superior cryptocurrency or technology were to emerge and gain widespread adoption, it could potentially lead to the decline of bitcoin and a drop in its price to zero.

It is important to note that these scenarios are highly speculative and it is difficult to predict how events might unfold. As with any investment, it is important to carefully consider the risks and conduct thorough research before investing in bitcoin or any other cryptocurrency.



I liked these answers given by the AI and i don't think there's much left to add about this subject of price dropping to 0 and the chances of this to happen are very low and very close to impossible
The AI made some great pointers which is to be expected, but then again the disclaimer of it being speculative just goes to show that these scenarios are very unlikely to happen, with the exception of obsolescence as technology expontially improves every single year, it could be possible that in the not-so-distant future we encounter a crypto that we will love more than bitcoin because of how beneficial it is, profitable, or other factors. But until that day comes, bitcoin remains the top 1 cryptocurrency and that will stay the same for a projected long-ass  time. We can never forget how helpful bitcoin has been and how impactful it was for a number of us.
1944  Bitcoin / Bitcoin Discussion / Re: First nuclear fusion ignition achieved electricity price will plummet on: December 16, 2022, 06:13:19 PM
This was announced formally on Dec 5, it is true, for the first time in human history, they were able to produce more energy than the one required to achieve the nuclear fusion reaction. It is a dream that has existed for decades, and also, it will bring very cheap electricity across the globe.

This is definitely going to impact Bitcoin mining.


https://www.youtube.com/watch?v=Cmzep3YaRNI

They used 2.5 mega-joules and produced 3.1 mega-joules, nearly 50%!

Sure it will take some time to go from lab experiment to first commercial nuclear fusion reactor, but its a milestone that is definitely changing the world as we know it.
Not only will this impact the bitcoin mining industry, this is a game-changer for energy usage itself. Right now, our most efficient nuclear power plants are still laughably wasteful, that is why nuclear fusion is a sought after form of energy resource for decades now. The claim that such feats have been made is not only monumental, but with anecdotal evidence this could mean greater improvements in the quality of living of everyone who lives on this planet. Of course there's a dire consequence to this too, as this could easily rile people to use more powerful nuclear weapons should the threat of a third world war be imminent, but I'm hopeful. I think we're on the right track here. First it will be the world, then it would be bitcoin.
1945  Bitcoin / Bitcoin Discussion / Re: Will countries ban Bitcoin mining due to environmental concerns? on: December 16, 2022, 05:05:52 PM
There's a good chance they may impose restrictions or outright bans on small-scale bitcoin mining because it is the most deteriorating form of crypto mining that exists today. Large-scale minings aren't that debilitating as they use their very own energy source as a way to power their operations. Small-scale GPU/CPU miners use their local grid's electricity supply and therefore their local energy resource to power their operations which is not only sustainable on the provider's part, but is also detrimental to the quality of the environment. Add to this the fact that more and more people are becoming more aware and active in protesting for the welfare of the environment, and it's sure as shooting that they'd impose such bans in the future if this type of situation keeps up.
1946  Economy / Economics / Re: Use your money wisely. Invest or Deposit ? on: December 16, 2022, 03:36:14 PM
I think to solely place the 100k money you have on a single venture is just a little too complacent. And is bound to lead you to greater risks and losses as a result, one way or the other. Investing all of it would yield you greater risks at the expense of a greater profit potential, and with the market looking very volatile right now due to recession and other economic factors, investing it wholly is not gonna be wise. On the other hand, saving and depositing all of it in a bank will yield you nothing but peanuts in the long run. 100k is a huge amount of money and is most of the time sufficient to cover multiple ventures at the same time. I would suggest you divvy it up to an emergency fund, some of it to your investment and assets, and another as savings. Don't mix your emergency funds and savings for one another because savings should be kept ideally until your retirement, and emergency funds are only to be used for emergencies.
1947  Economy / Economics / Re: How much longer until paper money is no longer in circulation? on: December 16, 2022, 02:53:05 PM
I think the latter will be the case, or at least it will be the case for a very long time before the shift to a purely-cashless system happens. Fiat systems have been here since time immemorial, it literally spurred our civilization into operation, and you bet your sweet bippy it would be a tough fight to relinquish ideals that have been ingrained by the cash system to the people of today. Moreover, I don't see the reason why it needs to be abolished, it has been proven today that the two can coexist and live in an albeit delicate balance between each other. I don't see the need for a pure digital currency system unless we transform ourselves into a type 1-2 civilization and suddenly acquired the taste to travel to nearby star systems.
1948  Economy / Gambling discussion / Re: turned gambler after investing in BTC or investor turned gambler? on: December 16, 2022, 10:54:04 AM
 I think I can vouch for the majority of people in this forum when I say that a majority of us gamblers now have started in the cryptocurrency industry as investors and traders. Doesn't matter what the reason is, we just found ourselves investing hard-earned money on cryptocurrencies and eventually learned how to trade and all that, when we have finally accumulated substantial experience in the space, we ventured to the green pastures of the cryptocurrency gambling field either to unwind and relax, or to increase facets of profit. I myself started investing since 2016, but I just started gambling in 2021 because a friend, whom started in crypto looking for coin airdrops and then using them to gamble for more money introduced me to cryptocurrency gambling.
1949  Economy / Gambling discussion / Re: Is your local game includes in online casino ? on: December 15, 2022, 10:26:40 PM
Hardly, and I would not expect my local casinos of ever adding these games too. The local games we have here is comprised of simple card games like Lucky 9, a variation of the game Baccarat, cockfighting, tong-its, and Bingo. These games are too small-scale to be added to casinos with the exception of cockfights because it's kind of big here, cockfights couldn't be included to casinos due to the fact that it involves animals, a big no-no in casinos, and the fact that they have to die at the expense of profit. although small-scale unlicensed gambling operations include these games due to how close they are the hearts of the locals and how cheap to bet in these games.
1950  Economy / Gambling discussion / Re: What would be an ideal KYC solution? on: December 15, 2022, 09:32:20 PM
I am not really against KYC, as it in a sense helps protect me from attacks and makes sure that nobody gets on to my precious holdings but only me. But I understand the logic behind the disapproval of implementing KYC by some users here. After all, cryptocurrency was made to offer freedom by means of decentralization and anonymity. The fact that they are implementing KYC just defeats the purpose all in all. Although for me, if you really just don't want to do KYC, which most reputable sites already implement, you must be willing to run the risk of less security given that there are no contingencies for when push comes to shove and you lose all your holdings to some hacker from who-knows-where.
1951  Economy / Gambling discussion / Re: Is There Any Crypto Casino With An In-built Mini Crypto Exchange? on: December 15, 2022, 08:36:16 PM
I think most of crypto gambling sites that offer multiple coin options do have some sort of exchange system within their platform. Although if you're talking about exchanges that offer trading and investments, that could hardly come by because that is a subfeature that could potentially cost them more than the gambling side of their business itself. I think established gambling sites like Duelbits, Betfury, Stake, and many others have this feature built into their platform as it helps customers like you who oftentimes find themselves using the wrong coin for the wrong games. Although in the case of you wanting to easily exchange your bitcoin to usdt. You just need to acquaint yourself to their platform I guess.
1952  Economy / Gambling discussion / Re: Better Ways To Manage Energy Consumption For Casino Centers. on: December 15, 2022, 07:56:50 PM
I think cutting out on games and tables that use too much electricity in favor of ones that do not need electricity to be played like card games could be utilized to maintain efficiency in energy without sacrificing profit in return. Worse comes to worst they may need to use renewable energy resources like solar powers, biomass, and others to create energy and power their site. Although I would only really suggest doing the latter in dire situations where a simple band-aid fix wouldn't do. It may take some time before the recession secedes and implementing better solutions that could last for a good long time is the best ways to keep casinos afloat without going under because of high energy consumption.
1953  Economy / Gambling discussion / Re: What New And Other Casinos Should Do To Get To The Top And Edge Top Casinos on: December 15, 2022, 06:50:46 PM
The competition within the cryptocurrency gambling sites are fierce, and those who couldn't stand against the rest will end up failing miserably. Casinos like Duelbits, Stake, and others offer something to the table not any conventional casino would. And to top it all off, they have the greatest customer service systems that any new-age cryptocurrency gambling site could offer. In an industry where complains are very much in common, it certainly adds to the user experience if you are a casino who would go above and beyond in offering the best service to the customer, especially if they are not a happy camper. Anyhow, these sites have very much mastered this field, so my suggestion to aspiring casino makers is to take a page out of their books and tweak it to add uniqueness.
1954  Economy / Gambling discussion / Re: Why every casino got bad habits? on: December 14, 2022, 09:54:43 PM
If you have a look at the scam accusation section, you will find that no casino has a good reputation there. Each and every casino which has their ANN thread here, has at least one complaint against them; sometimes confiscated funds, delayed withdrawal, not paying the winning, freezing account etc. Why this is the principal of all the casinos? Why they can't operate without having any issues? They always do this shit; who knows what has been done with people who don't know how to deal with such a casino. Can you show me a thread that never had any reputation issues on this forum?
Every person has their complains and grievances against anything. You can't please everybody so to speak. I'm not saying it is the customer's fault, but oftentimes you would find that the company, or in this case the casino, is operating in its utmost capacity, and still people will find ways to complain. What sets great casinos from bad ones is how they react to these complaints. Bad ones would just sweep it under the rug and neglect their customer's problems, while some will go above and beyond in offering solutions to customer problems. At the end of the day, it is all up to you if you feel like a casino you are betting on isn't giving you the proper treatment, but watch how they react when you send out a complaint.
1955  Economy / Gambling discussion / Re: Tipping during live slot, or casino games. on: December 14, 2022, 09:07:51 PM

How much do you tip a slot machine attendant?
For those who visit and still enjoy the services of these live casino operators, am curious as to know how you tip the attenders. Do you tip only when you are winning and how much is too much tip to give? Also, I do not think online casinos even have this option, but if there is, can you share?

In most parts of US, any payout of more than $1,200 is paid in person by the slot floor person. The tipping here starts with a minimum amount of $20 and can be up between 3-10 percent of the jackpot reward. It however, depends on the discretion of the customer.

Do you think it is necessary to give tips or it is just a tradition that is required?



It's funny but I only tip whenever I'm in a good mood, and if the attendant is, well, attentive for when I have questions and I need help. It doesn't matter if I win or lose too, just that if I am in a good mood, Best believe the attendant that I'm next to will get a generous tip from me. Although I don't think tips should be compulsory. For me you tip because you liked their service so much you think they deserve a little something more for themselves. What happens in the US is that they make tips compulsory and if you don't tip it's gonna be at the expense of the attendant/waiter/personnel's pay. They pay people so low that they become reliant on tips which is not a good thing in my opinion.
1956  Economy / Gambling discussion / Re: Are there any Live Casino In world that Accept Cryptocurrency and pay in crypto? on: December 14, 2022, 08:14:56 PM
I don't think there's a live casino right now that offers cryptocurrency bets, if they do there'd be an upsurge of cryptogamblers that will come flocking to them all for support and well, convenience. However, it's not too ambitious to think that they are considering accepting cryptocurrency payments and bets, especially now that the number of cryptocurrency users increase every year. Just give it time and maybe urge a couple of these live casinos to do so and it may happen within our lifetimes. Although there'd be an issue with the exchange system given the fact that they are using fiat for every single activity within their systems. Then again this could be solved in the foreseeable future, crypto is a very versatile and solution-based currency, it can happen.
1957  Economy / Gambling discussion / Re: Proof Of Income Will This Pass on: December 14, 2022, 07:41:15 PM
Ok, suddenly the casino you're playing asks you for proof of income to be able to withdraw your winnings and to keep your account in good standing, your bankroll every month is $500 and you provide proof of salary that you are making $500 net every month, will they accept that proof will they accept that you are putting all your salary for gambling, will this violate the principle of gamble for fun, because you are working to gamble based on your proof income.
I'm not sure about it but I don't think the gambling site will be that keen to review your expenses upon your issuance of Proof of Income. It's all a matter of self-principle. You yourself feel like you're doing too much and have begun to spend most if not all of your money in gambling. The casino could care less about where you put your money. They just need the proof of income to make sure you are not a robot or a hacker if I'm not mistaken. So as a for fun gambler, if you feel like you have already gone too far, so as to spend all your salary for gambling, maybe how the gambling site thinks of your expense report should be the least of your concern. You should have yourself checked to a therapist or a psychiatrist because that could be a defining sign you are addicted.
I would agree with the fact that the gambling company couldn't care less about where you spend your money, just where you got it from, thus the reason why they are asking about proof of income. And I also think the OP's question may be a bit deep-seated and could be an indicator that the person he is pertaining to is now at least subjected to gambling addiction, that's why he needs to be checked if ever. The casino wouldn't care if you spent 500 bucks or 500 thousand bucks on them, it's how you think about spending that money that would matter. if you think you are doing too much already, then maybe it's time to reconsider your choices and see if you can get help in a way or another. 
1958  Bitcoin / Bitcoin Discussion / Re: Bitcoin will not become the world currency. on: December 14, 2022, 07:01:52 PM
Bitcoin is already seeing usage in some established online selling platforms and a couple micro businesses worldwide, so the idea of bitcoin becoming a world-currency, in its totality is actually true and is slowly happening as we speak. Furthermore, to compare bitcoin, a currency that hasn't even been in the market for more than 20 years, to a monetary system built upon thousands of years of commerce and economy, is a little unfair to the former right? I don't mean to sound like a visionary but I think we should give bitcoin credit where it is due. Altogether, bitcoin's price, stability, and everything else wouldn't mean when you compare it to established currency of the outside market, but intrinsically it has the potential to help in more ways than one.
1959  Bitcoin / Bitcoin Discussion / Re: Education programs should cover Bitcoin and Blockchain technology. on: December 13, 2022, 08:45:48 PM
I was reading an article online about blockchain technology when I came across a specific section that discussed how Bitcoin and other cryptocurrencies would become accepted forms of payment all around the world. If that's the case, I recommend that the government include Blockchain technology in the university and K-12 curricula so that students and teachers can understand how it works and why it's a superior form of payment to traditional fiat currency. Additionally, there should be billboards advertising Bitcoin across the city to educate the public about its use and the reasons why the new technology should be accepted as a form of payment everywhere.
I think a couple of institutions in the US already accepted bitcoin and cryptocurrency in their curriculum, either in economics or in the IT department. What is a little concerning though is the high amount of students who see cryptocurrency as nothing but a means to get rich quickly. Which should not be the case in any way whatsoever because bitcoin and cryptocurrencies aren't built to be like this despite their current uses. Anyhow, this goes to show how progressive the education system is becoming nowadays and is now going towards a shift for the better. The fact that these institutions, although still few and far between, acknowledges bitcoin's existence so much so that they are including it in their lessons is enough evidence that we are slowly walking the path towards global adoption.
1960  Bitcoin / Bitcoin Discussion / Re: Bitcoin Bloody Year 2022 coming to End on: December 13, 2022, 07:59:51 PM

Bitcoin is about to go through a bloody year.  A number of unexpected events have prevented the Bitcoin market from ever moving upward this year.  Dozens of unexpected events have struck fear into the minds of investors.  Starting with investors, governments and central banks have taken a cautious stance on Bitcoin.  So we are almost at the end of this unexpected year.

Some Bloody Events 2022 & Funds Exploits

  • Mango Exploit : $114-115M
  • Wintermute Hack: $160M
  • Beanstalk Farm Hack: $180M
  • Nomad Bridge Hack: $190M
  • WormHole Hack: $320M
  • Ronin Hack: $600M
  • Voyager : $3.75b
  • BlockFi: $4.5b
  • Celsius: $4.5b
  • Genesis Bankrupt: $5b
  • 3AC implosions: $18b
  • Luna/UST crashed: $40b
  • FTX and Alameda Crashed: $40b+

The above shameful scam has completely negative impact on the Bitcoin market in 2022.  We all hope that such incidents do not happen in cryptocurrencies in the coming years.

It is with no doubt that the abovementioned issues struck the cryptocurrency world quite heavily. LUNA being the biggest perpetrator contributing to the collapse of cryptocurrency's credibility amongst the tuxedo people as well as the average joe. With cryptocurrency thriving on the complete trust of the people to the projects, there is still a great possibility that such happenstances may occur in the future, especially when we consider that yearly there are newcomers who are none the wiser when it comes to the ins and outs of the cryptocurrency world. That being said, I must say if it does happen again in the future, we'd be aptly-equipped to deal with these issues and would in return make wiser decisions that could lead to avoiding long-term bear markets like the one we are experiencing right now.
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