A lot of what you said seems very well said, though just like I said to another user
1. Who exactly are you to say or know all of these things for a fact? Do you have data to support these claims? That's rhetorical.
And who are you and where is your data? Where are your facts, where are your numbers, where is your expertise, where is your notarized and published study? You're just like any other around here, a user with an opinion, nothing else, and that opinion of yours can be wrong, have you thought of it? The board has never been made so whether or not the board will be a ghost town with signatures disabled or not is an unknown and always will be until it is seen in practice. Any assumptions like yours and others are mere baseless speculation.
That's why I said to test it, but we could make this speculation more interesting with a bet on the outcome! Since this is about gambling, care to put some money where your opinion is? You can't conclude that every single person who posted these threads and within them are just making up their posts to fish for merit or reach their quota. That's absurd.
I could still bet on 95% of it, and I could still win! Why do you think those topics were locked in the first place? If you're that interested in researching topics, you could do something interesting for example. Look at the profile of those users, and then search if in all their gambling posts, be it 10 or 1000, have they at least once mentioned some odds or god forbid a multi bet! You're going to be surprised!!!!!!!!!!!!! Random pic from those topics, tell me what's the ratio of gambling talk to fan gossip?  |
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Let me tell you why creating a board for this is, well, going overboard!  I'm willing to bet that over 95% of the posters in the gambling sections are not gamblers at all, and I seriously doubt that the majority would even be able to make a bet if it's more than one click and the odds are British odds like 6/4 , 13/2. If you create a signature disabled board it will be a ghost town, you can speak with the mods to allow a self-moderated topic and keep it clean and you're going to see the results of it, because not only it will mean they need to not shitpost, they might not get paid for it but also take the risks of angering their campaign manager by having a negative attitude towards gambling and get excluded. The other tricky part is, do you think there are members here with enough power of persuasion that would be able to really do something effective for people who have fallen to gambling addiction or are on the path of doing so? I'm a small gambler myself and I avoid completely the gambling section cause it's pure crap, but I know enough real-life gamblers who have destroyed their life, and hours of advice and begging from their families haven't changed a thing one few posts on a board is nothing. Oh, and one more thing, just because you see tens of topics opened about gambling problems, it doesn't mean each one of them is real and not another way of fishing for some merit or increasing the weekly quota. Read them again and look at the OP history before taking all those stories seriously! |
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~ So I am very aware of the risk of P2P but then we can only work to minimize the risk by avoiding some things because Bitcoin is only anonymous when you deal based on Bitcoin to wallet but once you exchange into fiat it then mean your records are expose to the third party. Minimize the risks? You do realize that by actively trying to hide your payments from the financial authorities or inspectors or whatever the IRS counterpart is there you're committing an aggravating crime, from gross negligence your charge will switch to aggravated fraud since they will have the proof you have planned and taken all measures to actively avoid detections, so you knowingly did this and you can't even defend yourself in court anymore! You're not minimizing the risks, you're just maximizing how bad this could end! The difference here between negligence and aggravated form is from a maximum of 6 months to up to ten years, doesn't look less risky to me! |
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I think it belongs more in the scam accusations since that's what it is right now.
I can't get any hit on the team, the LinkedIn profiles are clearly made up, I doubt there is anybody real in all this.
The website is a joke and more importantly, what's the use of their so-called token when the shop is simply a stripe integration module? They don't even have content on their pages with terms or faq, even their social media links point to the main website, like twitter.com not twitter.com/user..
Probably the real "team" behind this is already working on another project by now, f they are not at number four or five already
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a former member
Some of you really forget this is China we're talking about and there former has a different meaning:  Usually, when you're former you should keep your mouth shut rather than trying to voice your opinion, a former president means nothing, an advisor would just vanish in seconds. Everyone says that China would earn from taxation, but no one says how much? I will not repeat myself because I already wrote something about it in the previous post, but is it about $500 million or $5 billion and what significance would that have in the economy, which according to all forecasts will achieve significant growth this year, which will be measured in trillions.
Give it up, China has made quadrillions out of Bitcoin taxes, their whole industrial revolution happened because of crypto mining and they are producing now chips only because bitcoin mining gear has triggered innovation, even the Three Gorges Dam was built because of bitcoin mining, don't you know? Sometimes there is no point in even trying to point out the obvious, there are some things that have become like the teaching of Jesus to some here, Bitcoin does that and that and everything else and you infidel have no business proving to us with numbers that what we think is wrong. When I think about taxes I wonder what would a real poll show, how many of those that argue every day how Bitcoin generates revue though taxation are actually paying a dime at the end of the year on their profits! |
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What about p2p, does that has to do with centtal authorities,
From the look of things ops may end up making a rush decision in stopping his cryptocurrency alternative payment because, from the look of things on the government bank circular ops posted, it shows that the bank is just trying to warn citizens against the risk associated with virtual currencies, but not a total ban and I am sure P2P will work perfectly in this situation. Do you guys realize that p2p is not something magical that will shield you from authorities? You still trade with a stranger, you send a complete stranger your bank account, your PayPal address your whatever 3rd party information, all the authorities have to do if they really want to crack down on such trades is make two-three sections in a database and there you have it: - people that have sent wires multiple times of different values at random intervals not matching monthly payments - people that are constantly making wires to ones that are not relatives and not situated near them - people that have no business registered which would involve those transfers And this is only if the government hasn't already turned so-called p2p platforms into honeypots. P2P is used to stop a CEX from having all your data and IDs, it's not able to completely erase all your tracks unless you deal with a complete stranger in fiat every time. The people here saying they would continue to use btc are lying if they found themselves in this situation they would do the same.
Everyone is a hero and defies the authorities till a tear gas canister explodes in their face or a door knock is heard at 2 am at their door |
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I checked one[1] of the review and the sound itself isn't bad compared with other home appliance. So while it's loader than their claim (could be because chosen mining speed or distance), IMO it's still within comfortable range. [1] https://www.youtube.com/watch?v=TVSUNZxSBis53db is just too much for a heater! I watched the video, and the guy at 4:00 says that he's surprised the sounds come only from the air being moved just as a normal fan and he can't hear any mechanical noise. WTF!!! What kind of mechanical noise would you expect from a miner other than the fans? Pickaxes chipping away bitrocks? Also, the heat test is just nuts! He compares a 1.4 kw machine with a 2KW heater and surprise surprise, the results reflect the power draw. You want a heater that mines some coins and does not cost $800? Just go with this solution: https://bitcointalk.org/index.php?topic=5436532.0They mine at the same hashrate, they radiate the same heat (d'oh), and you're left with $1000 you can buy some coins now! Here, too, it is necessary to take into account how the testing was carried out, there is, for example, a video where the noise is measured Compare HeatBit and Bitmain Antminer S9 using an android application, I think that in any case the noise level there is much less than that of an Asic miner, starting from 5.24min
It's an S9 in a box, put an ASIC miner in a sound proof box and you're going to get the same result! |
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~
Despite all this, I consider it a smart attempt by the government of Indonesia to monopolize the sector for itself, as it does with any other central service. This will ensure more transparency for users and greater guarantees that their savings are safe. ~ Despite everything, I still think that Indonesia is logistically unable to control efficiently in this field. Therefore, it is not surprising that the launch has been postponed many times. Other countries, more technologically advanced than Indonesia, did not risk such an experiment. You see, that's the problem with monopolies at the state level. If they would just compete with CEX then that would ensure the users would get to choose, and the government itself would need to keep up with others in order to not fall behind, once there is no such thing they can just take their time, provide crappy services, spend money like there is no tomorrow on useless stuff and in the end the population foots the bill. Of course, the good parts still stand but them acting like an overlord in the entire crypto arena won't lead to any breakthrough. |
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When the FTX scandal got exposed I am one of those saying it's over for centralized exchanges, now people will have no choice but to stay away from centralised exchanges because of this, I went to get a few DEX tokens for long term hold but I was damn wrong.
Almost anyone who knew about MtGox also knew FTX won't stop users from using CEXs. Look at Binance, after the FUD cleared deposits start coming in, look at Crypto.com, the FUD is no more and people are screaming the name.
I'm tempted to bet that if ever FTX comes back online as rumors say there will still be users depositing and trading there, but I also think that there won't be anyone to bet against as we all know this will definitely happen. A bit of promo, a FTX 2.0 token, a giveaway and they are back in business. But unfortunately I don't think that this will (ever!) happen. I have a feeling that sooner or later the CEX will be bought or replaced by our "beloved friends", the banks themselves.
I have a feeling that they are not going to be replaced by banks and more likely become banks if they haven't already - you need an ID to open an account, you need to go through KYC, and even Proof of Funds - you have your wallet's addresses, like an IBAN - you can get a card in your name from them, linked to your account, and you can do internal payments between users, completely off-chain - you have "Earn" accounts just like some banks do - you get your account frozen even easier than with a bank with nobody to talk about, this is a bonus So, what really are the differences, other than one is using BTC and the other $ ? |
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I do not know why the government wants to enter by itself and not just set regulations and legislation and ensure that investors’ money is not used in the interest of the platform’s goal or manipulate it, but if that happened, it would be good news and have a positive impact.
Pretty simple reasoning - they would be always in control of the funds - they will have a perfect record of all the funds that are going in and out of all the exchanges since they seem they want to act as a clearing house for others also (here the article is a bit fuzzy) - knowing all the above they can tax everything with accuracy and there is nowhere to hide And most important of all, they can keep the money inside the country, so Indonesians won't be trading on foreign exchanges but with just their fellow citizens so less capital outflow, probably the same take as South Korea. I wouldn't be surprised if you would only be able to withdraw money to a national bank from this exchange and not a foreign one. But there would be some really good parts also for the masses - fewer newbies falling for fake exchanges - probably fewer shitcoins - users will finally be able to actually communicate with the exchange and get support, unlike with those off-shore entities that have no telephone number, no address, no way of ever reaching somebody or bringing them to court them when they seize steal your money. One final thought, it's the government doing it, so expect a lot of further delays Indonesia’s Ministry of Trade is reportedly aiming to roll out a national crypto exchange by June this year, six months after its previous target of December 2022 |
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Lula's party is strongly against bitcoin , as most socialists/leftist parties.
Oh crap!, this is what I get from being even once a week positive on something, I knew when I edited the post by mistake that was a sign! As a slight hope, it's still just one advisor saying that, but as I went through the article you posted, of course using google translate, there is a paragraph there in bold Governo Lula deve rediscutir lei das criptomoedas Are they actually planning on abolishing the just-signed regulations? Or it's just a journalist with too much time and a deadline for an article? Lula is strongly favor this common currency in Latin America,which is most likely going to be terrible for Brazil...
Actually, I think a common currency with Argentina would be good for Brazil for a while as it can boost exports, I don't know if you have a positive trade balance but that would help for a while till all comes crashing down, for Argentina, yes, it going to be a replay of the Greek crisis every month till there is no Argentina left. |
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Depends on where you entered and how long you think you can hold your Bitcoin.
If you bought it around $15,000 or $16,000 I actually think $23,000 or $24,000 is a very good price to take profit. Bitfoin can rise more to $28,000 or even to $30,000 but it is a kind of greedy gambling.
He said £15k , so that's $18k, plus he said he sold earlier so high chance he did it lower than 24k. Out of pure curiosity, I ran two DCA calculators from June last year and they both show a profit of ~20%, https://www.dca-cc.com/dca/bitcoin?investment=10&investmentInterval=7&dateFrom=2022-06-20&dateTo=2023-02-01&duration=591¤cy=usdhttps://cryptohead.io/dca-crypto-calculator/?crypto=bitcoin&fiat=USD&qty=7&frequency=weekly&start=2022-06-20&finish=2023-01-27so, it's not like wanting a bit more could be called greed around here, 20% gain is nothing compared to the targets others have around here. Still, OP is talking about wanting 20x and he cashed out at 1.2x, this is a bit weird. For many people, DCA is something unattainable... simply the costs (weekly/monthly) are greater than the (weekly/monthly) income. It has always been and always will be, the ones who have the means to save can do it in many different ways (one of them is investing in risky ventures), and the ones who don't will be trapped in the "magical circle of poverty".
I don't understand how somebody who does DCA on Bitcoin can end trap in a circle of poverty unless you hint at the price going to zero. DCA is simply making a target of the amount you're able to invest each day or week and do exactly that, not exceeding your means by anything, that's FOMO, once you can't afford DCA anymore you quit investing, I don't think anyone is stupid enough to do this kind of long term investing with borrowed money! |
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It won't matter anymore when the next Bitcoin halving is here, that 6BTC per block will be reduced and a 110TH will have only 1% chance of solving a block compare to when it was 2%, the difficulty will rise more and the block will bring only 3BTC.
When the halving will happen only one thing is for sure, the reward will drop from 6.25 to 3.125. Nobody knows what the difficulty will be and how it will react, but normally you would expect the difficulty to actually drop since there is less reward in mining, the revue drops also by half so some miners won't be that happy to mine anymore if instead of 10$ revenue with 6$ costs, you have 5$ revenue with $6 costs. It will depend a lot on what the prices are at that time and if even halving the profit margins would be enough to keep miners running. But! for sure it won't mean the difficulty will double overnight! As for the other free electricity issue, I knew I saw OP on another topic, so this is the "free" electricity some of you were curious about @Charles-Tim 50% of my electricity fee per day is free because I have solar panels installed, mining from 9am to 6pm is 100 percent guaranteed, the rest will be on grid power.
I have good power bank too but with the power consumption of an s19 pro the bank up will only last me up to 4 hours.
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Brazil president Jair Bolsonaro signed a bill to create crypto payment regulations. Jair Bolsonaro made no modifications to the bill that was approved by the congress before signing it into law on (thursday December 22),
Hmm, this one is a surprise and a pleasant one. I wouldn't have expected that in the last days of his mandate, especially with all the tantrum that was around those elections, the protests, Bolsonaro himself leaving the country at the end of the month, he would still care about that bill and get it signed. Lula never said anything else but the need of regulations about crypto, is the guy pro/anti or just simply neutral? With him on a charge to change everything Bolsonaro has done, I hope he will leave this alone as it's not hurting anybody! Just drop that stupid plan of a made-up common currency that has no future and use bitcoin! |
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 Thankfully IMGBB is back up, they were down earlier! Ok, your move admins. Is this me or not? My argument is that this image is not possible unless the owner of SeeBiscuit1@proton.me made it. No, it can be made by anyone who would be able to use paint and the image posted here: Here's a sketch I made using PowerPoint:  Same hour and date, same battery life, same tabs.... You can't call me incoherent if I'm going to be responsible for onboarding many new bitcoin investors onto this forum.
Let's start with the easy things first, secure your account, learn to use a password manager, and how to sign a message! Investors, later on! |
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There’s no NSFW topics here and also the forum rules structure is tailored for well mannered discussion.
If you are so cautious, You can setup the kid account that will ignored all the boards that you he shouldn’t be reading
I don't know what good that would do, restrict him from the gambling area, the goods and HYIP area, the P&S area, the double bottom observer, micro earnings, isn't it better to simply do the teaching yourself? 99% better to learn here than him watching videos of "inluencers" or "experts" on various social media channels. Those crypto shilling and hype disguised as "contents" will reach him faster than you would expect so let him know about this forum. The sooner..the better.
~
Keep up with the times. Most teenagers spend more time playing games on their mobile or PC than going out camping.
And at the same time, 99% of them would definitely want that knowledge in audio-video format, so just as you think they have stopped the campaign and are more interested in books they would definitely be interested in ways that involve less effort to do something. It would be nice of course to see that happening but I wouldn't keep my expectations too high. Anyhow, the opinions here probably depend on the fact that the users have kids or not, and if they are older or smaller, I think that since mine is still small I'm acting on this more protectively than if I would had done with an already grown 20 yo kid. |
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They have already shown interest in Bitcoin as they would like to mine it using the green energy which BTW, they have in abundance and another reason is that the population in Tonga is not that big for large energy consumption. They are interested in training and providing Bitcoin mining equipment to every resident in their country where the population is just 106,858. Browse the project a little! Output 2: Grid-connected renewable energy generation on ‘Eua and Vava’u islands
– Installing the on-grid solar PV plants with total capacity of 650 kW
Output 3: Renewable-based hybrid systems and mini-grids on outer-Islands -
Installing mini-grid renewable-based hybrid systems consisting of 501 kW solar PV They are installing 1.15 MW of solar panels with a 19.9 MWh and 4.3 MWh BESS system, so, if you think there would be any meaningful mining done at a large scale with that you're definitely mistaken! Tonga is trying to achieve with all that a 50% green energy and you think they will use it to mine bitcoin? Ps, I don't know who wrote that article from Cointelegraph, but a guy that can't differentiate MW from MWh probably shouldn't write about energy and electricity. We all know that El Salvador and the Central African Republic (CAR) have already adopted Bitcoin as a legal tender. Out of these two El Salvador has shown significant improvement in their economy. They recently shared with the world that they have paid back $800m sovereign debt.
Cross post from the Salvador topic: The magical payment was made by just taking a loan from a different bank! But, those are tiny details, it doesn't really matter, right?  |
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Aren't the ones outside this forum the most hopeful, or copeful? I mean, they aren't doing a thing, they trust their leaders, and they have no backup plan if anything happens so they sure have more hope everything would be fine even without acting! To me, it seems more like we're the ones not hoping for a miracle and actively building a backup solution. Bitcoin isn't growing or developing based on just hope, people aren't basically buying Bitcoin's because they hope it doesn't collapse like most altcoins have done, or fade until zero and go extinct.
Yeah, the tiny details, BTC is growing because more people are buying and sending more cash to exchanges, without that amount of money there would not be any of that kind of "growth" the majority expects. We could still have usage, and we could still have tons of people using it to buy stuff all over the world but the green candles would be a thing of the past. And more importantly, you need money to make money, hope isn't really generating any, doesn't sound nice but it is what it is. |
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Just a quick note that a black swan event is an occurrence that will come out as an surprise. Literally the main point of a black swan event is that people aren't expecting it and you're asking if we should expect one?
That's the funny part! Why is nobody expecting a surprise that would catch them off guard? Guys, please be off guard as I surprise you!!! What happened from a temporary decline in march 2020 cannot be compared to what is happening now, because the price down from about $8000 to $3,867, which is less than 200 week-avg
Nope, it's not like the price would care about some 50-200 or 1000 moving averages of any kind! I've seen so many myths busted about the price not going below something the last year that I'm pretty sure that line is just asking to be crossed more times than you scratch a lottery ticket. So many myths have been busted in the last year looking at any TA is like reading an alchemy book. All we expect is to continue with these prices unless a major event such as: - Third world war.
- nuclear strike.
- Binance bankruptcy
And yet, the crash happened without any of those happening, so what is preventing another? |
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People would need an extra device and most of them just have a smartphone. Not necessarily, you can have a paper wallet, you can have a real cold wallet, and you can secure your private key in a hundred different ways, there are a lot of ideas on this forum alone, like: Securing Your Seed Phrase with WashersI'm sorry but I have to agree with the rest, you're not teaching them to buy and use bitcoins, you're teaching them how to trade stocks on an app, might as well just buy some government bonds and that's it. The whole thing of being independent and gaining that is erased since they will simply get addicted to the easiness of controlling their finances from an app like Binance and just be happy they see some great numbers. If they enjoy the experience, they should adopt extra safety measures for larger invested funds.
As I said, it's more about the gains, not bitcoin, right? To enjoy the bitcoin experience they would have to first deal with bitcoin! If the sum is already small like 1$-10$ and they wouldn't care about it anyhow, why don't they run their own wallet on that smartphone, learn how to make a transaction, learn how to receive some, about fees, memory pool, confirmations, not about 50x leverage on shiba inu! |
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