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2161  Economy / Collectibles / Re: [FREE RAFFLE] 🦌🎁 Christmas Special Monero Edition. 0.25 XMR Funded Card +++ on: December 06, 2022, 10:51:11 AM
18- Darker45

Please and thank you!
2162  Economy / Collectibles / Re: [FREE RAFFLE] 496th- ฿ECAUSE I AM STILL IN A GOOD MOOD-CYPHER HODL PRINTED COIN on: December 05, 2022, 11:03:33 AM
70- Darker45

Please and thank you!
2163  Economy / Collectibles / Re: [FREE RAFFLE] Betnomi Cold Wallet - 5 round 🦊 on: December 05, 2022, 11:01:26 AM
79- Darker45

Please and thank you!
2164  Economy / Collectibles / Re: 🎅[FREE RAFFLE] XMAS Special: Bitcoin Pennys🎅 on: December 05, 2022, 10:52:02 AM
75- Darker45

Please and thank you!
2165  Bitcoin / Bitcoin Discussion / Re: People who don't use hardware wallets: Why not? on: December 04, 2022, 07:16:52 AM
In the same manner that you can also ask, why do people who have Bitcoin don't know anything about Bitcoin? I know of someone who invested money in Bitcoin but doesn't have a clue about what it is. I know of another who has Bitcoin herself but doesn't know what a hardware wallet is. She hasn't even heard of the Lightning Network yet. So if they don't even know what Bitcoin stands for, how surprising it would be to know that they don't have a hardware wallet?
2166  Economy / Economics / Re: Share Your Best Money Advice Based on Personal Experience on: December 04, 2022, 06:33:07 AM
I can share a couple of them. They are all somewhat related to yours. And I live them all, including your advice, or so I believe.

  • Keep a simple life. One doesn't have to show off. One doesn't have to be ostentatious to gain respect or admiration. Wearing the same affordable yet comfortable shirt, pants, shoes in different occasions is not a problem. And it will save you a good deal of money. It doesn't make you less of a human if your wear the same clothes during your friend's wedding and your niece's 1st birthday.
  • Live according to your means. In other words, just buy what you can afford. There's no need to borrow money or use your credit card just to get what you want.
2167  Economy / Gambling discussion / Re: Fury v Chisora 3 3rd of December on: December 04, 2022, 04:33:50 AM
It was pure fun for Fury. This was his fight, after all. No pressure whatsoever for the Gypsy King. He went there with all the confidence in the world. He knew he was facing no risk with Chisora. He knew very well he would defeat him the third time around. Chisora didn't even win a single round. It's even funny Fury got injured battering Chisora with heavy blows than Chisora hitting him with powerful ones.

I'm looking forward for a Fury-Usyk match. That would be exciting.
2168  Bitcoin / Bitcoin Discussion / Re: Bitcoin Family is moving more than $1 million into decentralized exchanges on: December 04, 2022, 03:45:25 AM
The article says 73% of coins (it seems to me from the article that they have several major altcoins plus Bitcoin) of this family are in cold storage, which is good and also probably means the article's title isn't very accurate, especially since they weren't using FTX or other centralized exchanges prior to the crush. I haven't used DEXes, but one is in control of private keys there as well. So their approach to financial security seems reasonable. It was, however, learned through a hard lesson of losing money on an exchange. I can only hope that more people will follow such examples and take the matter of storing their coins more seriously than they did before the FTX.

The article also says, "Taihuttu said he ultimately wants to move 100% of the family’s crypto savings into DEXs..." This is to me is a bit questionable. I mean, I smell something fishy with this pronouncement. Or does he simply mean he will connect the family's funds stored in a cold storage to a DEx? It seems to me statements are carefully structured to cater potential or even planned sponsorships or partnerships in the future. He also says that the family is planning to "invest 15% of their net worth into upstart DEXs."
2169  Bitcoin / Bitcoin Discussion / Re: Why We People Cannot Think Like Whales 🐋 🐳? on: December 03, 2022, 01:46:34 PM
Small traders are easily trapped by whales because they're small traders. Their positions cannot significantly affect the market. Whether they buy or sell, the market won't react much. And they're easily liquidated, too. That's different with whales who's got thousands of Bitcoin. The most that a small trader could do is to ride the whales, although this is very difficult to do since they don't even have clues as to what the whales would do next. So, they end up relying on luck most of the time. That's why trading is often stressful and HODLing has become a better option.
2170  Economy / Gambling discussion / Re: under-age gamblers on: December 03, 2022, 12:55:59 PM
Was the boy also betting or was he only asked to give the booking code to the cashier? Here in my place, little boys are normally asked to do things which are otherwise be illegal for minors in some countries. Children are usually asked by parents to place their bet in a lottery. They're even asked to buy cigarettes, alcoholic drinks, and others that are usually not sold to minors. So, I was thinking this might also be the same thing that's happening in your place.

To be honest, though, minors here are also gambling, in many ways. It's already being tolerated by many families especially in poor communities.
2171  Other / Beginners & Help / Re: Bitcoin is Honest, So Should You on: December 03, 2022, 01:49:08 AM
Are those who prefer to buy low and sell high their coins dishonest? I don't think so. Bitcoin has become more than what it was strictly defined in the whitepaper nowadays. Bitcoin's attachment to its USD price is not to be discounted. While 1BTC is always equal to 1BTC, it is never the same when 1BTC=$50,000 and then when on to 1BTC=$16,000. So it's not dishonest if somebody who HODLed finally sell his Bitcoin at $60,000 and bought it back at $20,000. There's no dishonesty there.

The same is true when a trader shifts to HODLing when trading is already becoming both unprofitable and stressful.

About rumors and news and anything that affects Bitcoin's price, it is often advised to buy the rumor, sell the news. Even with FUDs and fake news, big decisions could be made without necessarily believing in them. There's no dishonesty here as well.
2172  Economy / Economics / Re: Is a ban on Retirees Cypto Account a fair deal? on: December 03, 2022, 01:11:00 AM
Retirement funds are probably more delicate than others. They're not to be played with. I guess its risk tolerance should be set at a low level. I'm not very familiar with how retirement funds are usually invested, but if investing them could mean the loss of the only financial source for the survival of retirees, I guess I'd rather keep them away from very volatile assets as Bitcoin.

However, citing the case of FTX and Ontario as a solid reinforcement for this is probably wrong. It's not that it is very risky to bet on Bitcoin using retirement funds, it is almost a suicide to expose retirement funds to the likes of FTX and Celsius and others. If it's Bitcoin as in Bitcoin, meaning, without all the third parties and centralized platforms, it could have been avoided.
2173  Bitcoin / Bitcoin Discussion / Re: 15M BTC goes into self custody on: December 03, 2022, 12:43:25 AM
This is the silver lining of all the unpleasant things that are happening in the crypto industry right now. This must be good. But this is probably not exactly the same as people realizing the value of not your keys, not your coins. Much of this is probably panic withdrawals. When centralized exchanges and platforms are falling, including one that was too big to fail, people are afraid to keep their coins there. But where are they moving? How many are actually moving funds from a CEx or a lending platform to another custodial wallet? How many are moving funds from, say, Coinbase to another online wallet? How many ceased to stake their funds only to be moved to a closed-source wallet?
2174  Other / Beginners & Help / Re: Is there still future for growth in bitcoin and crypto? on: December 02, 2022, 03:29:19 AM
I guess there are adoption fluctuations along the way. It can't be avoided. Bitcoin's price reacts to news and the conditions of the bigger crypto market. While Bitcoin's fundamentals remain as is, the public's perception could change. Outlooks could turn bullish to bearish, to bullish again, and so on. So when a huge crypto player in the market like FTX crumbles down unexpectedly, Bitcoin's adoption is certainly affected. Even those whose belief and trust in Bitcoin's fundamentals are always solid will have to take actions of their funds according to arising possibilities.
2175  Economy / Exchanges / Re: Do you think Binance is the best crypto exchange currently available ? on: December 02, 2022, 02:49:02 AM
Well, if you really intend to trade, then I guess Binance is a good choice. But, lest you forget, nothing is safe when you have money in a centralized exchange. FTX was safe until it wasn't. Mt. Gox was also safe until it wasn't. The same is true with Binance. It seems safe today; tomorrow it might not be the same anymore. But, again, if you are looking for a platform to actively trade, then Binance is probably one of the good options. Although you might also want to consider the likes of Kraken, Huobi, KuCoin, and some more.
2176  Economy / Economics / Re: The Economist: 335000 people could "freeze to death" in Europe on: December 02, 2022, 02:15:17 AM
And the worst thing about this is that all these 4 major conflicts could happen at once. Each of them has already been happening to a certain degree right now, but it could blow up into a full-scale war any year from now. That's going to be hell. Deaths will multiply several folds. And it's not only because of bullets and bombs but also due to lack of food and water and shelter and a way to keep warm during winter.

As regards flu, at least we already have a vaccine for that. It's not going to be as problematic as COVID-19.
2177  Economy / Gambling discussion / Re: What would be an ideal KYC solution? on: December 02, 2022, 01:42:09 AM
I guess a good balance would be to be completely transparent with KYC triggers. It is understandable from the point of view of a gambler that crypto casino nowadays could require KYC. When exactly would that arise? Many don't know. And many casinos suddenly require KYC from a clueless gambler, a gambler who doesn't know what triggered it. I noticed explanations are normally very hazy. They're not specific. They just go along the line of "we noticed suspicious activities from your account." I mean, that's apparently insufficient and should be invalid.

Also, it's always a bit sneaky of a casino to only require KYC upon withdrawal even if violations are already done earlier. Sign up is allowed, deposits are done, games are played, but when the jackpot is won, the casino would suddenly inform the user that he/she shouldn't have even be allowed to bet. Or something like this.
2178  Bitcoin / Bitcoin Discussion / Re: Bitcoin's freedom is Absolute! on: December 02, 2022, 01:19:32 AM
How do you define freedom, then?

It's not as if our choices aren't influenced to a certain degree by external factors. No single decision is made in a vacuum. There are always circumstances surrounding each and every decision that we make. There's nothing absolute in this world.

People submitting KYC; are they absolutely free in choosing to do that? People leaving funds in centralized exchanges; do they know its implications and risks? Are they completely informed of all the possibilities arising from it? People who repeatedly use their addresses; are they aware of what it means? Those who share private keys; are they acting absolutely free or they're simply ignorant?
2179  Bitcoin / Bitcoin Discussion / Re: CEO Amber group, Tiantian Kullander dead While Sleep on: December 01, 2022, 03:52:33 AM
I don't think the structure of the company is such that the private keys of their funds in cold storage is solely under the control of their CEO. The company probably has a multisig wallet for their funds. It's basic safety and security protocol for those who are holding big amounts on behalf of a company.

Anyway, this wouldn't have bothered us if we kept funds under self-custody. This is a problem which could very well be avoided. But since we have the penchant to have what is supposed to be a solution to third parties kept by third parties, we're now wondering about the certainty of our money because somebody else died while asleep.
2180  Economy / Economics / Re: A Hundred UK Companies To Adopt Four-Day Working Week With No Pay Cut on: December 01, 2022, 03:11:34 AM
A four day work weeks makes a lot of sense to the workers but it would affect many companies negatively. At least workers would have time to take care of their non-formal lives which is important to their family lives, health and wellbeing. But this policy would affect the production output of most firms and will adversely affect their profitability. A reduction in work hours should be balanced with pay cut except the promoters of this policy have the intention of supporting the affected firms financially. Also this policy shouldn't be forced on the firms in the UK but should be optional except the government want to pay for the companies' losses.     

At this point, this experiment has probably not yet arrived at a definite finding. This experiment has been done across the globe: UK, Australia, New Zealand, Belgium, Iceland, and some others. If I'm not mistaken, results vary. But the overall goal here is not centered on the workers' well-being alone. It doesn't stop there. After all, the workers' well-being will definitely affect their performance at work.

If workers are overworked, suffering from fatigue and burnout, unhappy with their jobs, it would result into poor production, poor quality, errors and mistakes, wastage, and so on. Resignations, absences, and leaves will be common. But if you've got a strong and happy working force, it will definitely result into a better and faster production. So this is thought to be a win-win situation.
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