~snip~ Indeed, there have been many articles released saying that Ronaldo played in the last World Cup at the Qatar World Cup because remembering that Ronaldo himself is old and it is impossible to be able to participate in the upcoming World Cup. In terms of his playing in the Qatar World Cup yesterday, he started to look less good and his skills started to decrease. I am also sure that in the future Portugal will also have new football players who are reliable and can bring Portugal to compete in the upcoming World Cup. Yeah, Cristiano Ronaldo playing now in Saudi Arabia was a bit like him retiring from football. There's nowhere near the level of competition he's used to in his previous clubs, so he will no longer be playing at the highest levels. Even if he plays the next world cup, he won't be in the best shape. |
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~snip~
That effect of Elon Musk got worn out over time. In the beginning when he tweeted about Bitcoin, I think it was to be expected that the market will move or that at least some big players might have used the momentum of that tweet in order to pump the market and get excitement going on a global scale. When the richest man in the world with such a massive following out of a sudden starts to make moves in an industry, I think it is normal that there is going to be some serious momentum. It won't happen again though solely based on his tweets. Tesla accepting Bitcoin was also quite the step, but only in that specific situation.
Regarding the halving I believe that that will be priced in once again way earlier than the actual halving is going to happen.
Famous people or mainstream media saying things are basically noise in the long term. The halvings are kinda in the middle term, they affect the price and how confident people feel about Bitcoin. The more of them, the better for Bitcoin. We will see in a few years the big change that will be having the rewards as less than 1 Bitcoin, that will be interesting to see. |
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~snip~
Although Bitcoin is decentralized and can effectively alleviate inflation, it will not become a world currency. Some countries now recognize its legalization, but Bitcoin is a volatile and unstable asset, and it is difficult to be accepted as a currency by all countries. Many governments are reluctant to accept Bitcoin because they cannot control it.
I can definitely see Bitcoin as the base of most international payments. It doesn't really matter too much if the price of Bitcoin is volatile if you're converting Fiat1 to Bitcoin then sending it through the Bitcoin network and then converting Bitcoin to Fiat2, as it would be pretty much at the same price given the minutes of difference. After that is done, then I can see that people will just want to skip the unnecessary fiat step. |
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Bitcoin mining will probably be always profitable, specially if you consider the expected future value of the coins.
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It's basically going to be another altcoin competing with Bitcoin in my mind. Also, I'm sure there will be some issues with CBDCs as they're going to be implemented per country in different ways, and somehow they'll be talking to each other. |
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Hi guys I know that Bitcoin is a history and also out way of income too. So there were time when some people predicted Bitcoin a right decision when even a very small number of people were aware. So now I want to say that I think In 2010 some people might make 1 or more BTC per day through PC.
And so what was the first time if you have minded btc?
In the early days people would basically solo mine with a PC, so that means they would get all the 50 BTC (plus any fees which were rare back then) any time they found a block. |
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I think the best mining place would be anywhere where you can get a cheap deal for electricity.
This can be anywhere in the world really. You don't always have to pay the standard prices if you have a special or unique opportunity.
For standard prices, I reckon it's very competitive.
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~snip~
Self-control is a skill that not everyone can learn, especially when tempted with their desires and the things that make them go nuts. You can always gamble and enjoy, but the choice to sink deeper and deeper into it is also in your hands.
Absolutely. And it can be applied to every aspect of your life. Eating the correct amount of food, doing exercise, working, etc. If you apply self control to your entire life you will probably end up with an excellent quality of life. Gambling all your money away is no way to live. |
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I am using Binance for a while not but so far I didn't hear about lightning network from them. As we know that there are some exchanges who already supported it.
Hoping that lightning network for BTC will be added to all crypto exchanges soon and if these happened we all gonna benefits it.
Bitcoin withdrawals fees are basically free money for the exchanges, so I'm guessing they don't have a huge incentive to implement lightning any time soon. But yeah, there are some exchanges that do offer lightning, and it's great. |
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~snip~
Casinos are probably the very best places to try a "cashless system", with government interest starting to grow in digital payments, and CBDC. What I want to know is, under such a system, would it be possible for the casino to attach identity with a transaction and have an ability to cancel transactions? It's probably for the benefit of some gamblers to control their irresponsible spending, but giving up the ability to spend your money wherever you want it is a basic human right. It should be respected.
The main problem is that if you can identify the people that bring X amount of money in, then you can't really bring dirty money in. This is something being discussed in Australia at the moment: Billions in ‘dirty’ money going into NSW pokies should be addressed by cashless gaming card, crime commission says Not sure what's going to happen there but since it's such a huge amount of money, I guess those cashless cards will never appear. |
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~snip~
This may be good news for Bitcoin and it is what we want, yet I have my reservation about it, there is a lot of nonsense going on in Africa right now. Most of those African countries can't decipher their right from their left, I only hope they know what they are doing and the risk involved. If it were to be an advanced country, I would have been so happy, but I don't get so excited reading such from an African country pushing for Bitcoin or adopting the same as a legal tender, this is because they might only use it for their selfish and political gain.
Their political leaders know how they could use the coin to launder money and aid corruption, that's my concern.
Yeah, it's a tricky situation what's happening in Africa. It's only a matter of time to see what will happen, but Central African Republic already is causing issues because they adopted Bitcoin as legal tender and they're supposed to be adopting a CDBC as a block of a few African countries instead. Not sure what will happen to them, but the fiat people are not very happy about it. |
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~snip~
I don't think so, relying on bitcoin alone to make El Salvador the richest country in the world is impossible, even if bitcoin hits $1 million per bitcoin. But if they continue to maintain and develop without any obstacles, then surely their country will have more significant development and improvement steps than when using USD. El Salvador has only accepted bitcoin for over a year, so it can be said that it is very early to conclude whether they fail or succeed, we need more time to evaluate.
Absolutely, plus also the amount of investment done in El Salvador with Bitcoin is really tiny compared to the budget of a whole country. I mean, a company in the US, Microstrategy, has way more Bitcoin than El Salvador for example. |
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Wrapped Bitcoin is not original Bitcoin which is develop my Satoshi nakamoto . It is controlled by an organization and its price is kept in line with the original Bitcoin . And it is also believed to be used as true Bitcoin. And it allows everyone to transact Bitcoin through different chain like Ethereum, binance smart chain, Solana , polygon etc. This is basically how it works and we can use it constantly just like real Bitcoin. And every exchange and different organizations accept and give chance to exchange it as true Bitcoin.
"Wrapped Bitcoin" is not used as true Bitcoin, it's just a token that follows the price of Bitcoin. You can buy Bitcoin using any kind of payment, fiat, altcoins, etc. Wrapped Bitcoin simply is not Bitcoin. It's just another thing altogether. |
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~snip~
I agree with you, but we can't deny that centralized exchanges is better than decentralized in terms of "faster transactions". And this is one of the reasons why Bitcoin price increased so high. There are many people attracts to Bitcoin because of that and its features not difficult to understand. But the only advantage for me is it's transaction fee.
If you use lightning you will have an almost instantaneous transaction and the fees will be almost nothing. You can't really beat that, because you get the benefits of Bitcoin with the scalability of lightning. |
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Yeah almost for free if they are willing to hold the coins and use it as a regular currency. But then again, they might become the victim of volatility. They received $1,000 worth of bitcoin from a sale. They keep it in bitcoin, but the next the price might become $900. He will have to pay more in bitcoin for the goods/services he buys for his business. He would be making a loss. But if he decides to convert it to fiat, it is no longer "free". You will usually pay a percentage fee on the conversation, or a platform fee unless you are doing direct p2p transaction with no third party involved which we all know is going to be hard and not convenient for everyone.
They don't need to convert to fiat over there. In El Salvador you can pay anything directly with Bitcoin. So yes, sometimes it will go down in value, and sometimes will go up, but at the end of the day if you keep your buying and selling close to each other, then it shouldn't make a huge difference. And the money you save in Bitcoin should appreciate in value over the long term. |
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~snip~
The majority of matches will be played in the USA. I know Mexico and Canada will host very few games. I don't know if such an application has been made in the world cups before, but such applications have been made in the European cups. It can be tiring for the fans, of course, but it can also be enjoyable. Different countries, different cultures and different places to visit can be seen.
Yeah, Korea-Japan 2002. It can be tiring for the fans, but also it increases the price of the stay. You would need to buy 2 extra international flights, on top of the one from wherever you live to the world cup. That's quite a lot really. Plus you need to secure the visas for 3 countries instead of just 1. |
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One thing that people don't tend to discuss is that with Bitcoin anyone can open a "bank" and receive money for goods and services, almost for free.
Compare that with the costs of opening a bank account for a business, many people would not be able to do that.
That means that heaps of people in El Salvador will now be able to sell goods and services to all the world, almost for free.
Of course anyone in the world can do that, but it's now expected in El Salvador. It's not a weird thing to say "I'll pay with BTC"
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Well, cashless gambling would make life more difficult for some people.
I think many people would be against that, so I reckon it wouldn't pass.
We're talking about huge amounts of money, and governments get their cut as well, so I don't think they're going to implement it.
Otherwise they would not have opened the casino in the first place.
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~snip~
What other factors do you know contribute to form addictive gambling?
Sounds and lights from the machines. They're designed to keep you interested, and give you the illusion that you're doing well, as long as you put money in there. If you stop putting money, the whole show stops. Casinos also don't have any windows or clocks. This is by design, so that you don't know how long you've been there. They want you to stay as long as possible, so that you give them as much money as you want. Glamour. They tend to sell the idea that casinos are glamorous places, just like alcohol ads are just people having fun. In reality most casinos are just filled with depressed people throwing all their life savings away while not enjoying it. Also, very easy to get money in, but hard to withdraw the money. Basically everything in a casino is designed for you to feel special and to forget about the real world. |
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You mean it will be more enjoyable? Do you mean we are not contented with the ones we had been watching?
Just imagine the stress you will have to face when you need to go to different countries just to watch the world cup live in the stadium. This is not an enjoyment for me but a big stress to fans having to move from the current country where they had been watch the world cup match then moving to a new country to continue there football adventure. It really not nice and this looks like the first time we are seeing this kind of multiple countries hosting the world cup.
It's not the first time we have a world cup hosted in more than one country. For example, Korea-Japan 2002  That ended up with Brazil as the winner, and it was the last time the Golden Goal rule was used. Glad they removed that. But yeah, I agree that it adds more trouble for the people having to fly around to other countries, there might be passport or visa issues, plus with covid we now might have other restrictions, etc. Much simpler to host it in one country. Also, the level of preparation and coordination is really hard for one country, imagine doing it in three countries, it will be a logistical nightmare. Also, most games are played in the US only any way, so not sure why they wanted to add the other 2 countries. |
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