The fact that gambling is meant for fun isn't a reason why people shouldn't plan their ways of spending their money on pleasure. For instance, when we go for a vacation we make a budget for it, same way it applies to gambling. We are not obliged to stop gambling only when we are losing, sometimes as we win we can limit our gambling or better stake the winnings and stay observant not to cross our bank roll. But, OP's strategy is also recommended for every gambler that wants to enjoy gambling other than just playing to win. Such strategy would keep the player on game for longer time compared to a player that stakes all their budgets in a moment or day.

Yes, recently read the dispute the BUSD is facing after Paxos announced they won't mint the stable coin again, over 17.7% of BUSD has been redeemed, which amounts to about 3 Billion BUSD taken away from the market. This will affect the strength of BUSD given time as this just happened few days after the Paxos announcement.


The high risk involved in KYC is so nefarious to the customers that submit their documents to third party platforms. Satoshi didn't wish for this, but the market has gone astray from the initial plan of Satoshi. Somehow, I think the investigators of crime would know that the documents used to launder money doesn't belong to the launderer. So, innocent victims may not get penalized for what they didn't do, however staying clear from illicit activities is what matters. 

In other words it's a network effect, which works with more people joining the network because others are using Bitcoin. Quite true, the market can be manipulated with pump and dumb to attract investors, it still zeros down with the fact that investors are just concerned about a progressive market. Neglecting the negative feedback caused by real life events, which can be taken as a plus to profit from while waiting for the market to stabilize again. In 2021 I've not experienced before the high rate of people that got interested in Bitcoin just in few months that it held at 50-60k. A good example of what positive feedback does and how it helps the value if Bitcoin.


Indeed, Positive feedback loop is an example of what Bitcoin looks like which Satoshi used as a term to help people understand better how his innovation works, but he didn't just say it without defending or backing it with subsequent explainations on the network. So, I guessed not sure, but from his level of actions and innovation you would notice that he is a man with not only high IQ but he has a good level of EQ. If he can understand how the people behave and created an e-currency that'll work in relation with the human attitude and how the body works, he must have done a good research on the human brain before embarking on his journey. Definitely, Bitcoin works in similar ways how feedback loops operates in the human body.

It's my response.

Nice for your contribution, I read through the link you shared and Satoshi was more concerned with the privacy cryptography brings to e-currency, contrary to what the bank offers which affects the monetary system of this world. However, it seem his goal of maintaining a decentralized atmosphere for the ecosystem failed despite cancelling the employment of a centralized database to trace double spending, yet the centralized bodies like exchanges who joined the ecosystem, have ruined the precious idea of Satoshi, now our documents are at the mercy of hackers, and transactions controlled by a central body; exchanges can decide to lock a customer's account or block a specific coin from being transferred from the exchange to another wallet. It's a nice read, but I didn't figure out how it's related to positive feedback loop, can you brief me?

I enjoyed this thread, read more than 3 pages word for word. Every participant made great contributions to what side hustle means and how it could positively shape the income of an individual. Freelancing is entrepreneurship and it's something that should be passed down to our children. Like somebody added that our grandchildren can inherit from it, which is a better response for the user that pointed out pensions as the benefit of the office worker, sadly pensions can't be inherited. The good thing about freelancing is thinking long term, ask yourself if the niche you are into would stay relevant for how long? They is a saying get a big cow and milk it for a long time. Some niches are so profitable but may not last for the next 50 years how would our kids inherit from such business. I don't think of having a side hustle that will end after me, it helps me to continue working even after failing multiple times knowing that the journey is not ending soon. A lot of office workers seek for side hustle too. It's the way forward.

I understand that nobody would be held responsible on open source, since different developers have an eye on the program source code trying to detect bugs and vulnerability, which tends to make it more secure and recommendable over closed source, isn't it beautiful to work with a wallet that has admins that can be held responsible if their platform malfunctions. True, not even a closed source wallet would care if their customer's wallet gets hacked due to the customer's personal mistake, but we are looking at a general mistake.

However, some exchanges use offshore services to host their platform so that they won't be any traces whatsoever when things go wrong. While some would host their headquarters in a lawless country like you said, where they won't be persecuted.

Most of the disputes binance is facing didn't happen now and they're still running their business or trying to put things on the right track. It's possible they'll face more troubles soon, if they don't settle all the pipelined issues in the company. Looking at CZ's last letter to his employees that leaked some weeks back after they experienced the huge decline in customers. He tried to pass a unique message, that he doesn't need customer's funds to run his business. He may be wrong or right, but it seems his team is strong and they could witstand whatever problem that may come their way.

For the kyc documents that's been sold on the dark web, it's certain that documents can be gotten cheaper on their marketplace, due to the competition, yet, multiplied by the number of KYC documents in stock, they'll make a good amount of money, (1000 into 1000 is a million file) and these hackers could be getting these files in tens of millions. That aside, the buyers of these files can be considered account sellers; okx, cloud accounts, bank accounts etc, they don't sell the end products of these files for peanuts, an account could go for 60 to 100 dollars depending on the platform. Even local Bitcoin accounts sold for around $50 in the market. So, despite the cheap documents in the market it still yields more money when processed; utilized to create accounts. It's a huge market.

A positive feedback loop is a biological term Satoshi used to classify bitcoin, 14 years ago, which convinced me that Satoshi was/is a Full-time scientist; other than just cryptography, he knew all sciences, the human brain, neurology, etc. Because, he studied how the human brain works, he exited his product without fear, understanding that it'll strive without his presence or marketing efforts.

What is a feedback loop? According to biology online; feedback loops are biological procedures that help to maintain homeostasis in the body. This occurs when a product or event occurs, and it alters the response of the body.

Feedback Loop is classified into two parts; Negative and Positive feedback.

In Satoshi's statement, he mentions only one, positive feedback, which is defined in simple terms as an increase, while negative feedback is a decrease. In this thread, I want to imagine what Satoshi was thinking before making his statement, was he only bullish? No, and partly YES. He only made things simple for us to understand that when purchase decrease, the value of bitcoin would decrease too. So, Satoshi saw bitcoin as a body that changes when an event occurs. Linking back to the definition of the feedback loop. In simple terms; bitcoin responds to what happens in the world. The same applies to the people that invest in bitcoin.

For instance, when a hack occurs in the market, bitcoin perceives the danger, and a negative feedback loop is triggered. What does negative feedback mean in contrast to positive feedback? Negative feedback shows resistance to the alterations because it works to maintain the mechanism of the body to its actual state and reverse the change. The market would drop in price, and bitcoin would try to stabilize its price again. In the same way, people would stop purchasing bitcoin, which helps to even the write-up by Satoshi, it'll increase in value as more people keep purchasing. Contrarily, it'll decrease in value when the number of buyers decreases.  


Positive feedback Loop

A simple example is given using the ripening process of fruits to explain positive feedback loops. This helped me with the reality of why Satoshi grouped the market into seasons, bull and bear, just like in fruits. A tree like a Mango has its season of bearing fruits then it ripens and overripe. Aside from the positive feedback loop that sends ethylene to help the ripening process of fruit, one thing happens with humans, nobody nears a mango tree when the fruit is unripe until it ripens, a lot of people would be under the mango tree trying to plug it.

Fewer people care about bitcoin when the price is trying to stabilize, but once it triggers and hits a new ATH the world will start talking about bitcoin and lots of investors rushing to buy and hold. Meaning that the human brain is also waiting for more people to buy bitcoin before they can buy. "Which could attract more people to take advantage of the increasing Value"

In a nutshell, Satoshi already studied the human system and the emotional intelligence of people and then moved on without being bothered if his invention would progress or not. And it worked as he said it, more people more value. He didn't see a bitcoin that would experience Negative feedback, that's why he stated positive feedback, it'll keep increasing without stabilizing; WHY I SAID PARTLY YES ABOUT SATOSHI BEING ONLY BULLISH. But, centralized bodies and other factors like war, pandemic, bans, etc now caused negative feedback to occur, and still, bitcoin is working hard to resist and stabilize the alterations. What an innovation!

Share your ideas, What do you think about the keywords "positive feedback" Satoshi used to explain bitcoin.

Cheers.


https://www.biologyonline.com/dictionary/positive-feedback

Photo was taken from @Rizzo twitter handle

Binance is one company that still flourishes after the KYC, even the gateio exchange is facing downside too and laying off employees, but the KYC rule increased the rate of hacking on the cryptocurrency market. Looking at the high rate of data marketing or even same KYC rule. Hackers and money launderers would invest a lot on using other people's documents to sign up on different sites that requires KYC. The last hack on FTX, what happened to people's documents and files? These are the risks involved in KYC why most people had to move away from a very promising trading venture like localbitcoin. I could remember how long it took me to get an account approved on localbitcoin 2 years ago. These flaws are not conducive anymore especially for traders that saw LB as an intermediary between traders and buyers. What's the essence of KYC for such a platform? I think the best p2p is p2p trading. Working with a trusted trader directly on social media or any other platform.

Indeed, its the problem most android app based wallets face, and the company cannot do anything to help the victims. Imagine if a wallet is hacked or an exchange they can easily be responsible for the refund. But, in a situation like this, the main wallet is not involved in anyway, the victims are to be blamed not the wallet developer. Though, it's always the work of users to come forth to the core developers and report to them that a site is taking control of users through a different download link or app store. As it's difficult for the victims to differentiate the user interface, so an alert on the site would help save others from falling into such scam. Most importantly, the deed has been done.

The site is responsive, and fast, two things that makes a site worth revisiting, but I found two pages missing on your website, the about us and contact us page. These are crucial pages a website should have regardless of the stage, so far it's been launched. The background color is excellent for the kind of articles you publish. Don't think your site is too young not to be reached out to by people or clienteles. That's why you should always tell people your aim, why the website is launched then drop a contact detail that'll lead people easily to you. If it's somewhere on the site, hidden, that I didn't notice it please let me know or better make visible for visitors to easily see them.

Bet has always been one of the aim of any competition, almost every sportsman is involved in the act. The top officials in football, stake bets, and influential people in the governing bodies of the sports can manipulate the outcome of a game because of greed and to secure wealth. A person that stakes 1 million dollar for a single game would by any means try to win the game. Sometimes, I doubt the VAR technology, these days a lot of goals are being cancelled, which kills the joy of watching football. Quite true, it's always an offside, but before the VAR was initiated not all of these were seen, then, in the past, people enjoyed watching football. For instance, the PSG and Bayern munich goal scored by Mbappe that was later cancelled, that would have been considered a goal without the VAR as it was unnoticed, so these techs can be used to rig games and it can't be questioned. On the other side, these players are professionals and they've mastered the way football works, they can decide to kick a ball on the goal bar or pole, spectators would consider it a mistake, but the player purposefully kicked the ball on the pole. Hence, it will be difficult not to experience this in football or other games, the gambling niche controls a huge aspect of sports. And the bodies who run the gambling companies are the underworld family bosses, so we should expect the unexpected.

It's everywhere that the merits system removed a great number of spammers from the forum. And I'm asking if people were spamming the forum to rank up or make money through bounties? Because I don't understand how they all disappeared right after the initiation of the merit system. I think the ban on spam accounts drastically reduced such people from using the forum. Moreover, they can farm accounts and merit their alt accounts to support their activities if they were concerned about merits, since accounts with many posts were rewarded with appropriate merits, according to their rank. Looking at the drop in posts after 2018 I'd say that coupled with the above listed ico and bounty hunters, I noticed that some threads in the service sections were abused and bumped multiple times a day without any punishment or sanctions. The spam bursters helped alot in keeping the forum neat and reducing the numerous spam posts, which amounted to over 15m posts in 2018.

You have a nice advise for everyone, but letting things flow has its limitations. Some things may insist to get solved on it's own, like in the activities of this forum. If a newbie is calm and reads the forum without being creative with their writing they may not get merited by members. I think with the last sentences of your thread being implemented by a newbie that wish to climb the ranking lather they can easily get there. That is when the merits will start flowing.

I think it's the OP's duty to go look for what she needs, I'm here to share Ideas with her and there's nothing deceitful or cunning about the decision I shared, I spend so much time on twitter, I've found more than 3 influencers that look 90% positive for what OP needs, https://twitter.com/BitcoinDesigns they sell physical designs of bitcoin; auctions. Op just need to invest more time and seek for help. https://twitter.com/btcArtGallery they repost bitcoin arts for users on twitter and lots more. Everything is not being paid, the problem is that people look for fast reactions that's why they can't settle down to wait for the free influencers to get to them. Like I said, it's difficult to get their attention, definitely Op would find one or two that would repost her work. Through the friends or followers of the two accounts I just shared, she can start her journey on twitter, and I promise her they'll be positive impact if she takes it serious. I'm not meant to go look for links for her.


N/B: OP Always open up to them about the situation you have, they're humans and could get emotional too, lastly don't take their help for granted. People already complained about how deceitful your auction ended in the forum, if you continue that way people would regret offering help to you. Goodluck.

It's always important to know what is best for us in this cryptocurrency market. If a person uses all the money they've got for investment, such a person doesn't understand a bit about how the market works. Taking loans can work if the person won't be hurried to pay back the loan that is investing long term. Unfortunately, not everybody got the information or understand cryptocurrency, they were carried away by the profits others boosts of making in cryptocurrency. People keep making same mistakes and they refuse to learn.

I've been wondering how a service like that would be free, went through the site, and found a subscription for members on their terms of service section, though I didn't sign up. however it's a nice service and they could get lots of people who are interested in what they've got to offer, but people in this forum can easily ask their questions here and get free advice on the forum. Since compulsive gamblers don't seek for help how do they intend to attract them towards getting the help they offer?.

I've seen accross Twitter some influencers with millions of followers that voluntarily offer free sponsored tweets to people like her especially crypto influencers who are not just there for advert purposes; they trade or write. These people can listen to her and help publicize the arts she has got. But, it's rare to get their attention immediately. However, she needs a twitter page to share the art too, and use hashtags to draw people's attention. Probably, you are referring to the promotion kind of influencers they won't post it free as it's their business and source of earning. She just need to test every angle, one out of them could be beneficial to solving her problem.

Psg didn't invest enough effort on Bayern yesterday, their game was not as interesting as people expected. Even the cancelled PSG goal looked like a genuine goal, yet, personally, I didn't want a draw because they dulled the impression I had about them before the game began. Having superstar squads like Messi and Neymar, is superb, but utilizing them the right way matters, I don't see why Mbappe didn't play the first half, they were opportunities psg lost during the first half that Mbappe wouldn't have missed if he started the game. The player that replaced Mbappe lacked speed which caused some passes to go back to the Bayern team. I loved the playing charisma bayern played with yesterday and it melted down the energy of PSG players. Hoping to see what happens on their return game. I was wondering if Messi would have scored the goal that led to the red card given to Pavard.

The best method to identify a scam project is by checking their website on scam review sites, which shows the possibility that the site can be a scam. Also check if they've been listed on exchanges and their performances within the last few years or months of the project's existence. Watch their social media handles, followers often drop comments relating to how good or bad the project has been to them, especially on Reddit, ask question about the project on reddit or quora. These processes may look tedious, but they're more important than losing your money, that's why everyone is advised to do their research before investing on any project to avoid blaming anybody.