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2121  Economy / Speculation / Re: Bitcoin touched $43k, from $33k in two weeks on: February 08, 2022, 08:10:33 PM
It's back above 43k now and it looks quite bullish, hopefully next target will be around 50k too. Maybe the bearish season really is over.
It might be and it's also possible that the bear hasn't arrived yet.
Maybe it was already here. By the amount of shorts liquidated in the recent days you could see that the majority was expecting Bitcoin to go down. The majority is usually wrong when it comes to market predictions.

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The dump that we've seen was just a natural correction

A natural correction would be much smaller and not coinciding with US stock market drop. When you see people saying it's over for Bitcoin it usually is the time to buy. At the same time when the majority says now it's time for a new high is when you should be cautious.
2122  Economy / Gambling discussion / Re: [BOXING] Logan Paul vs Mike Tyson on: February 08, 2022, 03:23:17 PM
I have big doubts about the highlighted text. As far as I remember, he and other boxers who were deceived by promoters started a community to counter this and keep newbies from falling into similar stories like them. There are quite a few such athletes used by promoters as mercenary and financially deceived. Also, one should not forget that Tyson's considerable fortune was taken by his wife after the divorce. Of course, Mike had large incomes, but there were also enough financial losses. Such sportsmen, who have gone into circulation like him, grab any opportunity to earn money in this vein, his refusal to fight also seems strange to me. Maybe he started having health problems, because he is already quite a few years old?

You're right about that, Tyson needs money.
You can find a lot of articles about his financial problems. He's not poor, but he could use money from the fight, that's for sure. Last time I checked he had a weed plantation.

Mike Tyson, who was once worth up to about $400 million, declared bankruptcy even before he retired in 2003. Tyson has said he squandered much of his fortune on extravagant purchases including jewelry, cars, and Siberian tigers. After spending time in jail following a rape conviction, and dealing with a wealth of other problems, Tyson has slowly recovered. But he is still worth a fraction of what he once was

2123  Economy / Gambling discussion / Re: Casino KYC how it works and to what effect on: February 08, 2022, 12:11:48 AM
Honestly I still don't know why most gambling platform decide to make KYC compulsory which I thibk should not be so. The use of KYC may have good reason to the gambling operators, but to players, it's total no

The answer is pretty simple. They have to do it to get a license in certain countries. It's either KYC or running unregistered which means their site can be blocked at any moment and they could face legal backlash. Also, to them it's just math. If they enter a new region and gain 10% traffic but lose 8% of people who won't do KYC, it's still worth it.
2124  Bitcoin / Bitcoin Discussion / Re: Man who lost 7500 bitcoin in a landfill asks gov't he wants to dig it up on: February 07, 2022, 09:19:33 PM
Uhmmmm, I think asking for permission might be in order. A mean, his talking about excavation and probably that would be him altering the site and possibly,  the suspension of further dumping of dirt on that site.
Again, its a really serious one from what's his offering and I'm also supposing he doesn't have the resources to get the work going and would need the help of his city in funding the process too. A process that could be said to be a high stake probability of success looking back to the time this hard drive was dumped (8years+). So much for a rash action!
I've read an article from last year about this guy and there was a company that offered to excavate for him. They have heavy equipment and were ready to strike a deal. They'd look for free and if they were to find it he'd give them half of the coins. I feel like the biggest problem here is all that red tape.

Also was thinking since it was 10 years ago, ssd drives were in existence then so it might be one of those that have their data collected on the drive differently and I think last longer and in harsher conditions than one with moving parts.

SSD data is much harder to recover. Unlike HDD, an SSD data can be completely wiped and it's much easier to damage the memory chip than a metal plate inside a metal case.
2125  Bitcoin / Bitcoin Discussion / Re: I gave 100$ of Bitcoin to my elder brother as a gift on: February 07, 2022, 09:03:44 PM
Bitcoin gifts are the best way to popularize it, which is why in El Salvador every citizen was given coins by the government. To take profit you have to learn how to use it first and be able to successfully send a transaction. Also, if you get it for free it makes you less nervous about holding in bear market, and we all know how hard it can be when you see your portfolio lose 30% of its fiat value.
I'd love to see more Bitcoin treasure hunts take place because it's even better than simply giving it to people and probably the best way to introduce kids to crypto. Make a person put some effort into getting it and they'll value it even more.  
2126  Bitcoin / Bitcoin Discussion / Re: What if crypto mining is outlawed ? on: February 07, 2022, 06:38:46 PM
China banned miners,
Because China is struggling with power shortages and is an authoritarian regime where you can be executed in public, while in most other countries capital punishment no longer exists.

The EU is not thinking of doing the same.
It's just a an opinion of some guy from European Securities and Markets Authority, which can't enforce anything. It can only recommend and threaten with fines. To ban mining they'd have to propose a bill first.

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Do you see this as a potential threat or did the fud get in my head?
The latter.
2127  Economy / Gambling discussion / Re: Casino KYC how it works and to what effect on: February 07, 2022, 06:08:25 PM
The gambling sector is one of the main targets of financial criminals and complies with KYC regulations to be able to secure business in the sector, from money laundering and so on, and while many things are good, the reality is that many gamblers don't like it.
because they still want to be anonymous and do not want their identity to be known to others and to avoid unwanted things.

Of course they don't like it because making you go through KYC because there are people who want to launder money and such is pretty much like treating every single user like a potential criminal.
Would you like it if in every store you had to show your ID and they'd take a picture of you and the ID? Probably not.
I'm against KYC especially if they're making up stupid reasons for it like money laundering. If you're so afraid of me laundering then limit my deposits/withdrawals to something small like 1k EUR a month. I'd be happy to spend less, but that would also make the casino earn less so that's going to be a rare case.
2128  Economy / Service Discussion / Re: stake.com- Does not have gambling responsibility on: February 07, 2022, 05:50:41 PM

The link doesn't work for me. The site doesn't load at all.

As for their responsibility to act and stop addicts from being able to use the site per their own request, I agree that they should comply.
Looking for addicts and actively trying to determine who is who, if they use vpn or have new accounts and such looks like bullshit to me. Nobody is going to dedicate time and resources to that. If addicts wants to be smart with the casino and keep playing, they will find a way and no court will be able to prove that the casino knew who is who. If you put effort into hiding your identity, you are at fault here, not the service provider. It's like with online stores that ask you if you're 18. If you lie, it's on you.
2129  Bitcoin / Bitcoin Discussion / Re: A little reminder why Bitcoin is necessary on: February 05, 2022, 11:24:09 PM
This reminds me of that South Park episode where they were all experimented on by Apple. Most people don't read ToS, that's the truth, and one day you can find out that you owe them something for years of use of their services.

As for Bitcoin, I've read so many stories here on the forum, like that one where bank did not agree to send some guys money to a casino, because it had strict policies about gambling. Gambling was legal in his country, the casino was legal, he was of legal age, it was his money, but the bank said no, you can't send your money there because we won't allow it.
2130  Bitcoin / Bitcoin Discussion / Re: Son Poisons Father In Attempt To Steal Bitcoin Wallet Funds on: February 05, 2022, 10:44:25 PM
He wasn't very smart. He saw Bitcoin in a bear market so he sold it and bought an altcoin. -50% for bitcoin usually means -60% or more for altcoins and that includes ETH.

Another thing that surprised me about this read was that he only got 125 days in jail for drugging and nearly killing his father, stealing $400K, and leaving his father undiscovered for days.  
We don't know what his father said in court. Maybe he did not want his son to be punished too severely, maybe told the story of his son being an addict.

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What I don't understand about the case is that it sounds like they made the investment together, so why didn't his father just split it in 1/2 and let the son do whatever he wanted with it?  Why hold someone else's money from them?  I'd say there's definitely more than meets the eye to this story.  No less shocking to not have all the details though.

We don't know if the investment was 50/50. It was 100k, but maybe most of it belonged to the father and the son had a part of profits because it was his idea...
His father probably knew that the money would be spent on drugs so he told Liam to stop taking or go to rehab and then ask for the money. I'd probably do the same, even if it 50% was his money. I wouldn't want to live with the thought that he got the money and gave it all to some dealer.
2131  Bitcoin / Bitcoin Discussion / Re: Bitcoin evangelist Michael Saylor says crypto regulations would speed adoption on: February 05, 2022, 10:34:40 PM
Saylor is a genius. He's right. If you haven't watched "The Saylor Series" yet, you should now.

He is smart but if we believe in what he's saying he can wait years for this investment to bring profit, but can he really? He's just a human with all our vulnerabilities. Say he becomes sick, or his child, and money at hand won't be able to cover it, say there's a way and he has to do some cuts, or maybe he finds an even better investment, goes into debt, there's a lot of options. I tend not to put people on pedestals too fast. We had so many bitcoin lovers like McAfee or Musk, or more recently Trace Mayer, who turned to pumping shitcoins. I'd hate to see Saylor do the same.
2132  Bitcoin / Bitcoin Discussion / Re: El Salvador Rejects IMF Call to Abandon Bitcoin as Legal Tender on: February 04, 2022, 01:59:35 PM
just curious, what exactly can the IMF do and what "legal action" they can actually make against El Salvador? also, does the IMF really have that kind of power over the members of their organization?

The have no power, but if El Salvador asks for something from it's members they are less likely to go along with it.

Makes you wonder if this is step one in a plan. Step two2 would be getting miners, exchanges, BTC casinos, etc. to come to the country to operate out of there.
"Look we are crypto friendly, just pay this little* bit of tax to operate out of our country and it's all good.

* Little might go up depending on the current economic situation here, but you are not going to really leave once you are setup here are you? Didn't think so.....

-Dave

Getting miners to go there would be a great idea, but I don't think their grid is ready for that. They'd need serious investments like a nuclear power plant. With the way Bukele is running the country I wouldn't be surprised to see an online fundraiser for that pretty soon. He said the's the CEO of the country, so it's time to act like one and get some serious investors onboard. Their shore line is very long so maybe tidal wave generators?
2133  Economy / Economics / Re: India's 30% tax on income from digital asset on: February 04, 2022, 01:49:45 PM
They had a lot of people protesting against bans and they know a ban looks bad and puts them on a map along with some authoritarian regimes like China, so the best course of action was to avoid it. At the same time they want to discourage people from using cryptocurrencies so 30% tax is going to work good. From my libertarian point of view, this tax is abusive, but fortunately I don't live in India. We all have a choice. If the government is abusive, move somewhere else.
2134  Economy / Gambling discussion / Re: About Snooker Game on: February 03, 2022, 09:52:27 PM
I played pool and snooker and I preferred pool for many reasons. Snooker a bit more difficult, so it can be a challenge especially for beginners. I also played as a kid. I was 13-14 at the time. When you're younger you learn everything much faster and don't care that you suck at it, you keep playing until you get better Cheesy
I know a few people who know how to play but not a single one that would watch games or actually know the scene and that includes me. Are you by any chance British? It's a popular sport there.
2135  Other / Politics & Society / Re: Argument against vaccines quite flawed on: February 03, 2022, 09:18:59 PM
I can see several post from people that do not want to get a vaccine and feel strongly against making these mandatory. (...)

IMO they should never become mandatory and if they are I will protest against it not because I hate the idea of being vaccinated, but because I hate the idea of other people forcing me to undergo medical treatment of any kind. It should always be a person's choice and nobody should be treated against their will.
I feel like vaccines have more positive than negative effects, but they are not without any risks and it should be up to each of us to decide what's best. I have a rebellious nature and the more they push me, the more I resist.

If they refuse, in some countries they are treated as second class citizens, unable to enjoy basic liberties.

Even worse, they're being legally robbed of their savings. In Austria there's a huge fine for those who don't undergo the treatment. I've read that it can be even 7k EUR, which is nuts. It's basically a way for the government to steal from people. You either do what they say or they'll keep fining you until you end up on homeless or leave the country.
2136  Other / Politics & Society / Re: Russia Declares it is ready for war with American and European countries on: February 02, 2022, 05:59:03 PM
Assuming Russia invades Ukraine, what happens next, will largely depend on Germany and the rest of Europe. If the Germans are willing to shut down the Nordstream pipeline and impose strong sanctions on Russia, I don't think Russia will advance past Ukraine. However, if Europe is unwilling to force Russia to pay economic penalities for an invasion, Russia will likely quickly expand Westward.



Germany is a Russian trojan horse in NATO and they showed it by not allowing the British aid through to Ukraine. They don't care what Russia does as long as it does it outside the EU. If Germany attacked Poland it would be a different thing because Poland is in debt with the EU and a useful source of cheap labor for Germany. The EU is like a big farm where poorer countries are first pumped with cash and then, once they're unable to pay it back, farmed for installments, resources and so on.  Tensions with Ukraine make things better for Germany and Poland because Ukrainians are now willing to move West and work for for cheap, but none of these countries would one day want to share a border with Russia.


I feel like Ukrainians will have to make up their minds if they want to be a part of this new Russian union along with Belarus, or join the EU. They didn't join the EU at first because they wanted to stay independent and at the same time keep relations with Russia, but as we can see this can no longer be maintained. You can't have a cake and eat it.
2137  Economy / Gambling discussion / Re: What are the most important features of an online crypto casino? on: February 02, 2022, 05:24:12 PM
I think having used different kinds of crypto casinos for a long time, i find myself going back to a casino if it offers cashbacks for a string of losses as this shows that the acknowledge the bad runs i had and its some sort of second chance...
Other factors that fall in play are bonuses and types of coins supported on the casino.

I can't believe cashback is the most important feature that you can think of. I'd say transparency, lack of KYC, active live support, deposit bonuses... Cashback is nothing really. All casinos can offer it to an extent because they'll make money of you anyway. If you lose 1000$ and they offer you 200 back they still made money. It's just a way to show you they "care" about you and want a loser like you to keep playing. The'll give you back 200 because chances are you're going to bet it again and lose.
2138  Economy / Gambling / Re: Casino behavior that turn you off on: February 02, 2022, 01:06:00 AM
The biggest deterrent must be an ongoing scam accusation, or even worse a history of scams and/or dishonesty. A signature campaign run by the casino that scams people or delays their payments can also be a big no no. A casino should be as transparent as possible, best if they have a live thread on the forum where they answer questions at least once every few days. I don't expect someone to be live 24/7, but problems being unanswered for weeks can make you suspicious. It's pretty much the same with a casino as it is with exchanges or any other businesses. If you want people to send you money you have to build trust.
2139  Economy / Gambling discussion / Re: Stake.com & responsible gambling? on: February 02, 2022, 12:21:23 AM
Unfortunately Stake still has not made any contact with me regarding my complaint. They also failed to respond twice to the third party complaint service who tried their best to get in contact with Stake, sadly without any success.

I don't feel like they have to contact you. It's not like they're making you go back to gambling, you have a lot of tools available. You can for example block them in your mailbox or in an extreme situation stop using it. There's plenty of email providers out there. IMO they should give you a way to unsubscribe, but if they did not, it's not like you have to cry in the corner or give up and start gambling again. Don't let some automated mailing system get the better of you. You're not a child anymore, things like that happen every day!
2140  Economy / Economics / Re: Which business profit model do you prefer? on: February 02, 2022, 12:00:15 AM
I'll be honest, most business owners first look at the space where they can make money. If they see a niche in a poor market, they'll fill it. If the niche is in the poor market it's all the same for them. What counts is the projected revenue, not the people affected. Don't get me wrong, there's usually some ethics in play, but it's not the first thing you think about. You want to balance things out, make money but don't look like someone who profits from misery of others. Personally I'd prefer a business that brings profit while being good for society, but if the only business I could start would be the one that profits the rich, I'd go for it anyway and then maybe spend some of the profits on charity and find a way to ease my conscience.
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