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2321  Bitcoin / Bitcoin Discussion / Re: Why is Bitcoin gaining this much fame despite it's restrictions? on: January 25, 2023, 01:39:19 AM
My guess is that Bitcoin or crypto has become a topic because of its price. When the price rises fast, it suddenly becomes a hot topic. When the price nosedives fast, it also becomes a hot topic. Or when there are big news like the sudden death of Terra or the fall of FTX.

Whatever, at least Bitcoin or crypto has caught the attention of people. I'd like to believe that there's no right or wrong start for as long as it ends up with the familiarization and appreciation of the technology.
2322  Economy / Service Discussion / Re: More platforms will bite the dust? on: January 25, 2023, 01:16:08 AM
Actually, I'm wondering about how the notoriously scammy, shittier platforms endure the bear seasons while the more professional and (over?) hyped ones fall as flies, is almost funny

I have also wondered about this actually. It somehow amuses me. I can remember many years ago that the exchanges to be avoided like the plague are the likes of YoBit and HitBTC. Their brands are almost openly equated with scam. But look how they've survived all the things that caused great exchanges and other too-big-to-fail platforms to lay off employees and even file bankruptcies. It's funny how it seems the last laugh is theirs.
2323  Economy / Gambling discussion / Re: UK fines online casino for only asking KYC from winning gamblers on: January 25, 2023, 12:56:13 AM
But how many crypto casinos are there that are registered in Estonia? Most are Curacao-licensed, I suppose.

I'm in favor of this, although this doesn't really interest me. I suppose that Tonybet has it in its ToS that they reserve the right to require a player to submit KYC anytime. The only problem here is that they only require it when a player wins. The regulators prefer that even those losers should also submit KYC. Things are now becoming even worse.

What I'm really interested is when casinos are fined because they are only looking for and pointing out violations when a player wins big, but when he/she signed up, made a deposit, played a lot and is losing big, there's no problem. It seems they are using it as a way not to pay up.
2324  Economy / Economics / Re: Comparing U.S. Federal Spending with Revenue - This is why fiat will fall on: January 25, 2023, 12:25:30 AM
Incidentally, it seems the farce that is the debt ceiling could be abolished. It may seem horrible considering how all hell could break loose once the public debt goes unlimited but it comes not as a surprise considering that only a few countries in the world have it. And it's of little use anyway because it could also easily be raised whenever they deem necessary.

~snip~
To my mind the only solution is to make law strict for politicians. Ministry of economics is responsible for the country's economics. Is economy failing? Then the Ministry should face jail. Is the city's infrastructure, transport, metro, etc not working well? Then the mayor should go in jail. Today, doesn't matter whether good or bad thing happens, no one is punished for her mistakes and wrong, harmful decisions.

I can only speak for my country, and this is impossible to happen. Politicians are the rulers. They're above the law. If their sons and daughters and relatives and friends are untouchables because of them despite being criminals, how much more themselves?
2325  Bitcoin / Bitcoin Discussion / Re: Which company will be next to accept Bitcoin? on: January 25, 2023, 12:03:20 AM
Well, you can actually buy a lambo with your Bitcoin.

Tesla also once accepted Bitcoin, but then Elon was made to believe that Bitcoin is causing much harm to the environment, so he decided to stop it. I'm not sure if it's truly the environment he was concerned of. Perhaps it was simply because such impression is against the way Tesla cars are marketed--as environment-friendly.

I don't know which brand will be accepting Bitcoin next, but I don't care much. It's probably good enough for me that remittances of overseas workers are now safe from predators like Western Union and others, or that small retail stores are accepting Bitcoin payments, or that people are saving in a currency that is not fast devalued by the people we're supposed to trust.
2326  Economy / Collectibles / Re: [FREE RAFFLE] Bitcoin Paper Notebook on: January 24, 2023, 01:15:02 PM
45- Darker45

Please and thank you, willi9974!
2327  Economy / Collectibles / Re: [FREE RAFFLE] Willi's Bitcoin stainless genesis block plate on: January 24, 2023, 12:56:51 PM
45- Darker45

Please and thank you, willi9974!
2328  Economy / Collectibles / Re: [FREE RAFFLE] 4/6 & 5/6 BCB Error Prints on: January 24, 2023, 02:00:33 AM
36- Darker45

Please and thank you, aoluain!
2329  Economy / Collectibles / Re: [FREE RAFFLE] Alpen Coin x COLDSCAM, by satochip on: January 23, 2023, 10:47:14 AM
Lot 1: 0- Darker45

Please and thank you!
2330  Economy / Economics / Re: Excessive Rain Can Hamper the Economic Cycle on: January 22, 2023, 01:48:10 PM
I agree. Sometimes it is being underestimated how the factor of rain can actually hamper an economic cycle. In my country, there are crops that rely heavily on rain or the rainy season. However, rains could come in extremes. While rain could be anticipated, even prayed for, sometimes it simply comes too much.

Entire rice fields and other crops could all go to waste because of excessive rain. Not only that, even hectares and hectares of fish ponds could be damaged by too much rain. Not to mention that so many other economic activities could also be put to a halt because of rain.

Unfortunately, excessive rains are becoming a normal occurrence thanks to climate change.
2331  Economy / Economics / Re: Can I take a loan to invest in bitcoin? on: January 22, 2023, 01:17:31 PM
My advice is the same with your advice. I don't like loans. I don't like borrowing money. I'm not comfortable knowing that I owe somebody a certain amount. But, who knows, if ever a time comes that I will have to borrow money, I might. However, it will never be for the sake of investment. It might be due to emergencies.  

But if somebody is to borrow money for the sake of investment, Bitcoin is a better choice especially in the middle of a bear season and if it is for long-term hodling.
2332  Other / Beginners & Help / Re: Silence is Golden But... on: January 22, 2023, 12:49:36 PM
I'm sticking to the side of "silence is golden." You don't have to respond to these people. In the first place, they're talking nonsense. They're actually doing nothing against Bitcoin. They're only showing their ignorance and bias. So why dignify their hatred or biased opinion?

I better stay silent and stack Sats. I may speak in favor of Bitcoin, but not in response to their criticisms. I may respond to objective and valid comments against Bitcoin in front of friends, loved ones, and others, but only if brought forward in a fair manner.

If it seems they're always against Bitcoin whatever happens; if it is clear they're deaf to reason and facts and data, silence is indeed golden.
2333  Bitcoin / Bitcoin Discussion / Re: is it possible to invest in bitcoin to build a country whose economy is down? on: January 22, 2023, 01:29:39 AM
No, Bitcoin cannot redeem a country's economy. The people could take refuge in Bitcoin if the country's fiat currency is fast losing value, but it doesn't mean it addresses the very reason why the currency is devalued. Investors leaving the country, bad business environment, corruption, terrible bureaucracy, poor infrastructure, bad economic policies, and so on and so forth are some of the reasons why a country's economy could fall. Bitcoin cannot remedy those.
2334  Economy / Exchanges / Re: Bybit exposure with Bankcrupt Crypto Lender Genesis on: January 21, 2023, 03:39:20 AM
The dots are now connecting. The domino is branching. Who would now believe Ben Zhou when he's only making the revelation after being caught with no choice? A full disclosure coming only after reports are out that Bybit is exposed to Genesis? That's shady at the very least! Who cares about your disclosure when everything's already known?

If that list of companies exposed to Genesis weren't released, Zhou would have remained mum about it, keeping everything a secret. But now that he's got no choice, he's coming out with this overdue disclosure, if only to justify it, reassure his clients, and try control the damage. Too late!

I don't care if Bybit is next to bite the dust. I actually used to admire the platform for being generous to its non-verified users, but they're actually all of the same feathers.
2335  Economy / Gambling / Re: What do you appreciate more Desktop or Phone on: January 21, 2023, 02:26:17 AM
Same here, I'm not a fan of mobile apps. Not only are buttons and everything else small which makes everything prone to fat finger errors, and difficult for the eyes, it seems it is also less fun when games are played on mobile phones. I like the bigger screens, large and clear figures, stability, and others which desktops and laptops are offering. I also don't like gambling when I'm mobile. I can't focus and enjoy.

This is partly a regional issue but also partly lack of access. Lack of access could either mean they don't have laptops or desktop or they are at work or into their daily tasks. They could only squeeze in playing games during short breaks or when commuting.
2336  Economy / Gambling / Re: i had insane day today in the casino (lost thousands and recovered) on: January 21, 2023, 01:48:54 AM
Congratulations for your win!

You were lucky. But this doesn't happen all the time. Especially in a luck-based game like roulette, you are more likely to lose than win. So I don't share your gambling approach to chase losses and try to get back. I think it is already a well-established gambling truth that the more you attempt to recover your losses, the more you lose. So, rather than spend more money in trying to win, sometimes it is wise to just accept defeat.

There's a gambling advice here in my place that says just continue gambling. If you lose all your money, try selling your car, you might get back. If you still lose, try selling your motorcycle, you might finally be lucky. If you still lose, try your selling your refrigerator, you might finally recover your losses. If you're still losing, you might want to sell your house, you might finally win. This goes on and on. And this is a joke.
2337  Bitcoin / Bitcoin Discussion / Re: Do you want to be great? Then be ready to learn. on: January 21, 2023, 01:20:28 AM
Same here, but I wasn't lackadaisical, I was suspicious. When I first heard about Bitcoin, I was full of doubt. I never really believed such private currency would work. I thought Bitcoin was a scam. But then I kept stumbling on it. The impression was that it was a way to make money. That was when I fell victim to a Bitcoin scam.

But I tried to get to know it little by little and I eventually found out it was a revolutionary currency, one that completely detaches the abusive powers controlling our current monetary system. The word was decentralization. I fell in love.
2338  Economy / Economics / Re: Comparing U.S. Federal Spending with Revenue - This is why fiat will fall on: January 20, 2023, 03:35:33 AM
It's really funny how the fiat system works. Since the system is basically controlled by the government, they seem to be above everything else. If the revenue is much smaller than the spending, then there is always the option to resort to debts. From whom? Well, it could be from themselves. So they create more money so that they could lend it to themselves, because they're borrowing from themselves. And they will also pay themselves for the money they borrowed from themselves.

But they're also setting a debt ceiling or a limit. They couldn't borrow beyond that. But what if there's no more money and the ceiling is already hit and they badly need the money? Well, since they're also the ones creating the ceiling for themselves, they could also increase it for themselves so that they could borrow more money from themselves to themselves.
2339  Economy / Economics / Re: How is the cost of living in your country? on: January 20, 2023, 02:45:50 AM
I tell you, you are extremely lucky! If this is the first time that you felt the rising prices of goods and services after buying all those good stuff including chicken drumsticks for your dog, you are living the life! Mate, you are blessed there!

That kind of life is something many people could only wish for. From where I am, that chicken drumstick is not for the dog. The human eats the meat, the bone goes to the dog. And one tiny piece of chicken drumstick fried in used cooking oil is already worth 1 AUD.
2340  Economy / Service Discussion / Re: Has an exchange ever blocked your Bitcoins from Signature earnings? on: January 20, 2023, 02:21:17 AM
I've never experienced this, but I guess there was already a similar case before in my local. I cannot remember the specific details but it was also probably due to funds deposited from gambling sites which, as you've said, are normally considered suspicious by centralized exchanges. The same is the reason why I don't use custodial wallets when receiving signature payments from gambling companies.

But try to ask for the specific reason for the blocking of funds. And if they confirm that it's because they're coming from a gambling site, tell them you're not aware of it because it's suppose to be a weekly salary. You tell them that you have a work in this forum. That's the source of your funds. That's not money won from a casino; that's money paid to you for a job.
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