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2321  Economy / Gambling discussion / Re: it will definetly save you on: February 25, 2023, 12:43:24 AM

Honestly, it's hard to keep in mind those things and stuff listed.

Why not just go with the flow and let the newbies feel all the related things that they will experience while gambling?

Believe me, the majority of good and experienced gamblers didn't even read those stuff when they started gambling. Just be responsible enough as much as we can.

The house, in gambling, is like an opponent and players are expected to draft out personal strategies to win the house not reading some other person's write-ups. I've read the works of famous and professional gamblers, they never accepted to share strategies that works for them, which made me to love them the more. What OP wrote is very good, but it doesn't work that way. Those are guidelines to give newbies a foundation to begin their journey. Moreover, it's difficult to master online casino machines compared to offline casino machines. Offline casino can malfunction and a player would earn huge from it, a strategy that works for professionals too. Hence, the online casino has different ways like separating our bank rolls to keep us longer in game. Like you suggested everyone is expected to think their ways out and focus on the game that works in their favor.
2322  Bitcoin / Bitcoin Discussion / Re: I gave investment advice to my grandfather. on: February 25, 2023, 12:07:56 AM
My grandfather has some wealth. Now my grandfather will invest all his wealth in Bitcoin. I told my grandfather not to invest all your wealth in Bitcoin. I suggested to my grandfather that Bitcoin not only has the potential for profit, but also the potential for loss. So you invest some wealth in Bitcoin. You don't have to sit on the street if your investment suffers.

My only question to all, was I able to give my grandfather the right advice??

Don't know where your grand father learn about bitcoin so you need to ask him about what he knows about it so that you can correct his wrong thoughts about bitcoin and you will placed him on correct place with right information.

About the advice you give to your grandfather well that's a good advice because it can save up your grand fathers wealth to a total loss because for sure he will face huge struggles especially bitcoin is so volatile and a bad market movement can drain all his hard earned money for so many years.

Probably or definitely his grandfather has an internet accessible phone and he reads blogs or social medias posts relating to bitcoin. It could also be that OP told him about bitcoin, then he researched and decided to give it a try. Picking the all in decision isn't a good idea for the old man, but if he sees it as a risk then it's worth the investment. Since he is old and wants to try cryptocurrency maybe the market would favor him and go bullish. Moreover his grandson can monitor the market for him and sell if it gets so bearish and the son think it could make his grandfather feel the pain. Investing half is good, but if the market goes higher in profits he might regret why he didn't invest all he wanted to invest.
2323  Economy / Service Discussion / Re: DFPI launches a new scam tracker for users in California on: February 24, 2023, 09:52:16 PM
How popular is this scam tracker from California that the enormous decline in cryptocurrency scam revenue in 2022 is significantly attributed to it? I'm actually doubting its contribution.

If we look back in the year 2022, the largest failures include Terra, Three Arrows Capital, FTX, Alameda, Voyager, Celsius, BlockFi and others. I'm sure not one of these companies or projects or platforms made it to the list. I only saw one that is impersonating FTX, but if somebody would have taken a closer look at FTX itself, it could have also been considered a scam with all its red flags. The same is true with the rest of them. Of course, these companies may not look like outright scams, but these are also the same companies which investors would easily fall to and lose their money.

I don't know if you understood what I wrote, I didn't mean the california scam tracker alone, other trackers like scam busters etc helped to reduce scam by providing results to users regarding if a company is genuine. Hence, its well know that the market condition kept the number of successful scam low in the industry, but such tools like the California scam tracker would help its citizen in many possible ways to stay clear from scam activities. However, it's better than nothing or making any decision to help victims out of a scam.
2324  Economy / Gambling discussion / Re: Why Do Gamblers Do This? on: February 22, 2023, 03:15:19 PM
To some, Gambling is a game while others see it as a way of livelihood. I've seen people lose out a lot of money in gambling, but never complained about it. The people who complain are people who don't see gambling as a game, but a way of livelihood; Losing games makes them think that they're losing in real life. Such people are like the stage 1 gamblers who play gamble to see quick returns. When their expectations don't play out they go ahead to tell the whole world how they've been unlucky with gambling. Mind you the people who don't complain in gambling most of the times lose out more money than those who do complain. It's all about the psychology and self concept.
2325  Economy / Gambling discussion / Re: Sports betting fraud in Brazil 😦 on: February 22, 2023, 01:48:56 PM
It's so saddening that this still happens. Fixed matches is really common despite it being considered as cheating. And many people still do this even though it's not really legal and has repercussions with it. It's not only in Brazil, but in almost every part of the world, even in online games, NFTs and the likes, there are fixed matches. But it's still disappointing that people resort to do such thing just for the sake of money. They set aside their morals for an amount they can earn because they prefer the easy way instead of doing hard work.

If this happens in somewhat large scale, what more in small scale sportsbetting and gambling, right? Most likely it's rampant in local gambling and betting and perhaps they might even have organizers for fix matching for events like this to guarantee a win and a winning prize. Hopefully, this will be eliminated, but I doubt it can be done easily as it's rooted and has become a habit already.
While it is disappointing at the same time there is nothing we can do, as anyone that can pay so much money as in the example given by the OP probably has a lot of money to take advantage of those results and they probably make their living with all kind of illegal activities.

And it is unfortunate as this makes casinos very wary of winning gamblers, and even sport bettors which are using legitimate methods to beat the casinos could end up going through several identity checks due to the actions of those criminals.

The moment fixed games market sneaked into the soccer gambling niche it doesn't seem to be a surprise anymore. Many game predictors ask bettors to pay to get a fixed result to stake in their bet, which means they've paid a whooping amount to get the match rigged in their favor. Thereby earning huge from people that pay them to get the fixed games. Sometimes the super rich manipulate the results, but it's easier to get the result through the market; right source instead of single handily paying so much to the game officials to play the game in their favor. I'd push the blame on the fixed game market.
2326  Bitcoin / Wallet software / Re: Bitcoin wallet users, have you ever? on: February 22, 2023, 01:12:29 PM
I believe most developers already give notifications/alerts about fake apps, whether it is on social media, in-app messages, forums, etc. Not to mention notifications like that is useless if a user is being attacked with phishing attacks, DNS hijack, or something similar. At least those that I'm aware of never wait until a user report that they get scammed to issue a notice saying that they won't ask for their private key, etc.
The suspicious apps don't need to ask for their private keys, it can easily expose who they're, the scam sites developers give victims addresses that belongs to them, they can easily increase the digits on the person's balance, but withdrawal will be impossible; pig butcher scam. So, what matters is that more people don't fall into the same mess. My suggestion is derived from the normal way of bursting scam, dropping a notification, indicating to users that a specific scam developer owns an app similar to theirs, which is used to take victim's money.

I think the main issue is how easy it is for fake apps to get listed on the play store, or how easy it is for scam ads to show on search results. A lot of users already complain about the lack of efficiency in reporting fake apps and ads, since scammers can easily list a new one under a different profile. There is no better way to solve this unless Google or Apple change the way they list new apps. I believe Google is more notorious for this though.

Google has tried to restrict strange apps from getting listed on their platform. Atleast I've heard some developers complaining about the hassle of uploading their app on the playstore. Yet that doesn't stop suspicious apps from finding their way into the app store. I'd say that some developers don't need to utilize the app store they can easily spam the links to their victims. Moreover Android phones warn users about the authenticity of an app without certificate, but they move ahead to download.
2327  Economy / Service Discussion / DFPI launches a new scam tracker for users in California on: February 21, 2023, 12:59:29 PM
Last Year they was a 46% decline in cryptocurrency scam revenue in 2022 and it may interest us to know that it was not caused only by the plunging market price. Scam tracker software contributed to a vast, enormous plunge in cryptocurrency scams. Last week the California Department of financial protection and innovation launched a scam tracker that permits California Citizens to escape cryptocurrency scams. Though it doesn't solve all the problems, yet through software innovation, people can fast learn the con of a cryptocurrency scam.

How it works

I enjoyed reading the complaints on the website and the idea behind the engineering of the site, it exposes, tricks, concepts and sites used by scammers to lure victims. It allows victims to report a specific scam site that looks fishy or have been used to successfully scam a victim. Such scams includes; pig butcher scams, romance scams, impersonation scams, etc. In my opinion, if citizens spend time reading the information garnered on the DFPI website, they would have no problem. They would easily detect or figure out if a site is legitimate. Scammers have got a similar strategy; tell a victim to deposit funds, then disable the person from withdrawing their money. Some would allow the victim to trade on their site, let them quickly take out some profits to trigger them to deposit huge amounts of money then boom, everything is gone. A major part of their victims get targeted from dating apps; pig butcher scams.

Disadvantage

I noticed one disadvantage of these scam tracker software, especially the DFPI software. Victims must have fallen prey to their predators before others get alerted about the scam on the scam tracker site. It can only reduce the scam activity and adds time to the existence of cryptocurrency scams, as the scammers would not hesitate to launch a new website to continue their bad attitude.

Advantage

The only advantage scam tracking software possess is, terminating subsequent scams on a website. After the site successfully scams a victim, it'll definitely get reported, which would alert other users not to negotiate with any person, persons, or organizations that share with them the same site. And it also triggers people to stay careful and confirm a site before sending funds to them or even creating accounts.

In a nutshell, if this huge money was deposited by scam victims into cryptocurrency the market would have been going bullish. Victims invest about 200k, 50k, and 300k dollars to these scammers and it'll go into thin air. It's actually killing the market.

https://dfpi.ca.gov/crypto-scams/
 
2328  Bitcoin / Wallet software / Re: Bitcoin wallet users, have you ever? on: February 20, 2023, 11:33:08 PM
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.
I am certainly not an expert in administration and law so someone correct me if I am wrong. I think I read some time ago, that online services (like exchanges or casinos) need to have their servers physically in a certain location to be licensed and governed by regulators in that territory. The site and company itself can then operate in a completely different jurisdiction. I think that's how online gambling works on licensed casinos in North America where individual States and provinces have their own laws and regulatory frameworks. 

I think the jurisdiction that issues the license to a casino would take care of the server location of that casino. For instance, the kahnawake gaming commission insists that the casino server would be hosted in the Mohawk territory. So, it can be concluded that the casino has a location for its server. The site can then operate in places like USA without facing any problem, but people are advised to be careful when using offshore casinos.
2329  Economy / Gambling / Re: PromoTout.com New Gambling & Sports Betting Tutorials & Promotions Site on: February 20, 2023, 10:35:01 PM
Hey everyone. I recently started a new site that posts gambling and sportsbetting guides, articles & promotions. Would you mind taking a quick look and letting me know what you think so far?

We’re at promotout.com

If you have any other ideas for how we can grow please let me know!
Your website requires content, a lot of it, in order to stand out. And you will need to do some research and writing (if you do that yourself, otherwise ask your writer to do it) about topics that are getting a lot of hype at the moment. There are many new casinos and games released recently and a lot releasing in near future. You can focus on them, and also, try a bit harder in promoting it.

Writing techniques and content representation will determine the amount of revisits from unique visitors to your site. So focus on that by keeping it one of the primary objects of your articles and publications.

Only a handful of webmasters trust quality contents as a means of reaching out to more readers, though it's a plus, but building links should be a powerful tool for OP's site to get readers who would enjoy the kind of writing style you suggested. Additionally, he needs to know his keyword research to enable his articles rank for the keywords he is targeting thereby boosting his traffic from google search. Given a few months, practicing all the valuable advice shared on this thread, newly launched casinos would be contacting Op for promotions. He needs consistency in his content creating journey to hit his target audience.
2330  Economy / Gambling discussion / Re: Give it a break. on: February 20, 2023, 10:23:25 PM
Having a break in whatever thing that we do is important. It enables us to discipline ourselves and to have a rethink of our mistakes. Gambling is the same,since we gamble for fun and not for profit, if you begin to observe that your emotions is controlling your gambling activities, a break is needed,so that you don't get carried away with it.
People suppose to be gambling for fun and not for profit, but in real life, some people want to make profit from gambling and they are gambling for no two reasons but for profit. Either for fun or profit, people should not see it as a way of making money because that is one of the bad aspect of gambling. Either for the fun or profit, it is good to always have budget and not going beyond it. Also if losing already, that signals already that you should stop gambling for that day.

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.
2331  Economy / Service Discussion / Re: What after localbitcoins.com shutting down on: February 20, 2023, 06:24:38 PM
He may be wrong or right, but it seems his team is strong and they could witstand whatever problem that may come their way.
People said the same thing about FTX, Celsius, Voyager, BlockFi, and all the other collapsed exchanges. And all these collapsed exchanges were telling their users that everything was just fine right up until the minute they suspended all activities and froze all their users' coins. Any centralized exchange is only ever one bad decision, one hack, one piece of legislation or regulation away from the same fate.

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.

Sure, but my point is that it remains incredibly cheap for a criminal to buy your KYC documents and open an account in your name in order to launder money. KYC does very little to prevent money laundering; all it achieves is shifting the blame on to some innocent person who had all their KYC documents leaked/shared/stolen/sold from some centralized exchange.

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. 
2332  Bitcoin / Bitcoin Discussion / Re: Bitcoin has the potential for a positive feedback loop on: February 20, 2023, 03:53:18 PM
Quite true BUT consider the idea that people engage with this industry when there's a hype or news positive towarda this industry. This somehow breaks the idea. Perhaps right now, many people are just observing how the market will behave on the next days to come. They qon't continuously engage to this industry in a consistent manner. Domino effect is more obvious; market prices will be hyped then possible investors will be interested. Consistency still is lacking simply because volatility is its nature. Profit from riding the waves, is simply the idea which keeps investors coming for it. If we would based on its long time run, then that is indeed true; the market price is continuosly growing.

While there are definitely lots of speed bumps and hurdle along the way, it's technically still a positive feedback loop when you stretch it to a longer time frame. We can't really expect markets to act efficiently all the time; there will always be overhyped events, black swans, fear, etc. It even happens to traditional markets — whereas both overly positive or negative events can be taken advantage of.

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.


I don't know about Satoshi being into neurology and stuff, though, as this seems to me that it's a basic understanding of economics that accounts for human actors and their motives. I also wouldn't concentrate on the idea of a feedback loop and its origins here, to be honest. To me, it's just a phrase to help others understand how Bitcoin's value can grow with the growing demand.

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.
2333  Bitcoin / Bitcoin Discussion / Re: Bitcoin has the potential for a positive feedback loop on: February 20, 2023, 01:51:30 PM
Regardless of the term though, and if we are going to quote a source, it's better be directly from Satoshi himself.

And to put everything in perspective, here is Satoshi's post about "positive feedback loop". He uses this term as a reply to this 2 questions, and there subsequent back and forth discussions.

http://p2pfoundation.ning.com/forum/topics/bitcoin-open-source

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?
2334  Economy / Economics / Re: Forget a return to office: We’re living in the age of side hustles on: February 20, 2023, 01:43:47 AM
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.
2335  Bitcoin / Wallet software / Re: Bitcoin wallet users, have you ever? on: February 20, 2023, 12:21:39 AM
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.
With open-source software, you are responsible for the security of your money. The wallet developers aren't. If you get hacked, there is a bug, a vulnerability, or the software simply doesn't work as advertised, there is a clause where it says you can't hold the wallet creators responsible for any outcomes. Plus, they aren't for-profit companies generating money from your usage of their apps. There is no pool they can pay you damages from.

I am not sure what the law says that exchanges need to do in case of massive hacking incidents. But I have seen the mention of exchange hacking being called an "extraordinary circumstance" that the platform is not responsible for. It's also worth mentioning that centralized platforms prefer operating out of jurisdictions where they are more protected from prosecution than in the EU or the US. 

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.
2336  Economy / Service Discussion / Re: What after localbitcoins.com shutting down on: February 19, 2023, 11:46:19 PM
Binance is one company that still flourishes after the KYC
Binance are currently "in negotiations" with regulators about their illegal activities and secret transfers, so expect some kind of punishment and fall out from that. They experienced the largest single day outflow of money since the collapse of FTX earlier this week. Their stablecoin, BUSD, is struggling to maintain its peg under regulatory pressure and some users are not able to cash out. I wouldn't call that flourishing. I would call that a warning sign to get your money off their exchange and in to your own wallet.

Hackers and money launderers would invest a lot on using other people's documents to sign up on different sites that requires KYC.
Hacked/stolen KYC data is very cheap, and money launderers do not have to spend much at all. The hacker who stole KYC data from Binance for example was selling it on the dark net for a rate of between 1 and 5 USD per 1,000 documents. 5 bucks for 1,000 identities.

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.
2337  Bitcoin / Bitcoin Discussion / Bitcoin has the potential for a positive feedback loop on: February 19, 2023, 01:38:48 PM



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
2338  Economy / Service Discussion / Re: What after localbitcoins.com shutting down on: February 19, 2023, 09:42:29 AM
I don't think so, if they lost due to KYC, why are the others with the same KYC flourishing in the business?
Which services which demand KYC are flourishing? In terms of centralized exchanges we've seen dozens collapse with insolvency, bankruptcy, or outright scams over the last few months, and those which haven't collapsed laying off huge chunks of their employees. And in terms of fake peer-to-peer exchanges which demand KYC, we've seen LBC shutdown and Paxful volume falling.

If you want to actually trade peer-to-peer, then you can use an exchange like Bisq which gives you complete privacy and complete security over your coins, does not require any KYC, and does not require you to deposit any money to a centralized wallet. I see no reason to use something like LBCs which provides you with zero privacy, zero security, frozen accounts, seized coins, and leaked/shared/sold data.

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.
2339  Bitcoin / Wallet software / Re: Bitcoin wallet users, have you ever? on: February 19, 2023, 08:27:30 AM
Electrum in android apps seems to have a high-risk level, right?
The risk-level is the same as with any other mobile wallet. It's used on a phone that is constantly online, probably has no anti-malware or firewall security, and its users are clicking, downloading, emailing, watching, signing up all over the place. If you do that without considering the consequences, no mobile wallet is safe on your device.

You're wrong actually, I've never heard of a massive hack of the Android version while the desktop version has undergone an attack during several years causing many people to lose their funds because of it unfortunately.
Sad and avoidable? Yes. Was it a hack? No. Electrum allowed the people operating servers to send messages to those connected to them. That feature was abused to trick people into downloading fake software. You lost your coins if you used the fake software. Nothing happened to people that didn't use the fake apps. Hence, it's not a hack.

Imagine if theymos allowed Bitcointalk members to post random messages in a new chat feature or a notification bar at the top of the forum. If someone posts a link to an official Bitcointalk mobile app ver. 1.0, and 50 users download it and lose access to their Bitcointalk accounts, that's not a forum hack.   

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.
2340  Economy / Gambling / Re: PromoTout.com New Gambling & Sports Betting Tutorials & Promotions Site on: February 18, 2023, 10:58:15 PM
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.
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