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2421  Economy / Trading Discussion / Re: Help buy Amazon products to earn BTC or other cryptocurrencies on: December 26, 2021, 12:07:17 PM
I don't get the point of all this.
What's the incentive for someone to buy a product,which costs 1898 euro from your Amazon wishlist?
Getting a discount or getting paid with BTC?
Will the buyer receive the product or he has to send the product to you?
There's something sketchy about this offer,but I'm glad that you don't mind using an escrow/middleman.

Quote
Is Purse.io as good as it used to be? Didn't they announce that they were shutting down at some point?

Purse.io was about to shutdown in 2020,but the company got acquired by another company,so they survived.
AFAIK,Purse.io is mostly about buying physical gift cards on Amazon,if your Purse.io account is new.I think that you can unlock the feature of buying other items on Amazon and getting paid in BTC after a few successful gift card deals,but the rates aren't that good.



2422  Bitcoin / Bitcoin Discussion / Re: Fall of fiat|Rise of Bitcoin on: December 26, 2021, 11:35:39 AM
The Turkish lira is going down due to the stupid monetary policy of the Turkish central bank(which is heavily influenced by Erdogan).The Turkish central bank keeps lowering the interest rates,while the right move to fight inflation and currency devaluation is the exact opposite-increasing the interest rates.
Erdogan is totally incompetent when it comes to monetary policy and he is kinda delusional and paranoid.
He keeps blaming some "foreign financial speculators" about the high inflation in Turkey.
Bitcoin has nothing to do with this and Bitcoin/crypto will NEVER be adopted in a country like Turkey.
2423  Economy / Economics / Re: IMF, 10 countries simulate cyber attack on global financial system on: December 26, 2021, 07:14:06 AM
Quote
Coordinated bank holidays are a great time when security systems are implemented automatically

What are you trying to say?What security systems and what kind of automatic implementation?
Do you know what a coordinated bank holiday means?It means that all banks block their customers from withdrawing any money in a certain time frame.

Quote
"Coordinated delinking from major currencies" like the US dollar could be worthwhile measures to insulate global financial systems from inflation and attacks on any single nation's financial and economic sectors.

I don't think that any country,bank or payment system in the world would dare to "delink" the US dollar and stop sending and receiving USD transactions.
1.Nobody wants problems with the global superpower.
2.Most of the global transactions are in USD,so banning USD payments would isolate a country from the global economy and financial markets.This might have devastating effects over the economy of that country(if the economy of the country is open enough towards the global market).

2424  Economy / Service Discussion / Re: stake.com- Does not have gambling responsibility on: December 26, 2021, 06:50:44 AM
I know that gambling addiction is a SERIOUS problem,but I can't imagine how the casino should be held responsible in this situation.
Basically every gambler can deposit and waste his money on a casino and then he could say "please refund my money,I'm a gambling addict,I don't know what I'm doing".
What happens with the gambling business,if all casinos decide to refund all the money?
If the gambler gets banned/self excluded from one casino,he could find another casino and gamble there.
Is the second casino's fault,that a gambling addict decides to waste his money there?
It seems to me that all casinos are guilty for gambling addicts,but this is the same as blaming alcohol and tobacco companies for all the alcoholics and smokers in the world.

I don't understand the VIP system at stake.com,but isn't this another way to hook the gamblers and make them stay and gamble on the casino?
2425  Bitcoin / Bitcoin Discussion / Re: Why do we need a bull market blow off top ? on: December 26, 2021, 06:27:14 AM
Some people are more greedy than others.Some people want fast and big profits now.
Other people want slow,steady and predictable profits,which are happening in a long time frame.
Nobody is saying that "we need" the Bitcoin price to hit a big ATH.If it happens,that would be great,but it won't be the end of the world,if Bitcoin never hits a price above 100K USD.
There's no sense of urgency for Bitcoin to hit a certain price level.
There's no drama,if the Bitcoin price drops severely back to 30K USD,because there will always be the possibility for the Bitcoin price to recover and hit a new ATH.
2426  Economy / Gambling discussion / Re: Oscar Awards 2022 betting thread on: December 24, 2021, 06:56:49 AM
I'm pretty sure that all the movies,which have a "progressive" and "liberal" message would win all the awards again. Grin
Nowadays,Hollywood is all about politics rather than good cinematography.
I'm surprised that Will Smith has such big odds of winning the "Best Actor" award.He's a decent actor,but I don't think that he's that great.
Dune had received a lot of critical appraisal,but the Dune movies usually disappoint and they can't be compared with the book.
I remember the Dune movie directed by Davis Lynch in the 80s.It was a disaster.
2427  Bitcoin / Bitcoin Discussion / Re: Elon Musk once again throwing shade at bitcoin on: December 24, 2021, 06:36:41 AM
This is meme material at this point. Grin
Elon:Saying something about dogecoin.
Bitcoiners: "ELON THROWING SHADE AT BITCOIN AGAIN!" Grin
Why do we keep being focused so much on this guy?He's just trolling.The only difference between him and regular internet trolls is that he's the richest guy on the planet and he's famous(obviously because he's rich).
You can't deny the fact that,at least he's consistent in his support for dogecoin. Grin



2428  Economy / Economics / Re: Bitcoin as enforcer of responsibility on: December 23, 2021, 11:29:24 AM
Turkey is a great example for having an irresponsible monetary policy.
The Turkish lira collapsed a lot and many people in Turkey sold their lira for Euro,US dollars and Gold.
Unfortunately,I don't know how many people in Turkey sold their devalued national currency for Bitcoins.
AFAIK,the Turkish government and the central bank are extremely anti-Bitcoin,so not many people have decided to buy BTC.
Anyway,I don't think that Bitcoin can force governments and central banks to become financially responsible.
Countries like Venezuela are still financially irresponsible,despite the fact that many people are using BTC.
2429  Bitcoin / Bitcoin Discussion / Re: There are no decentralized cryptocurrencies on: December 23, 2021, 11:01:42 AM
You shouldn't be so obsessed with all the "centralized vs.decentralized" thing.
Many industries and many parts of our life are centralized and making them decentralized will simply break them.Being stuck in the centralization=bad and decentralization=good paradigm is a great oversimplification,if you ask me.
The economy and the entire human civilization are driven by two processes-competition and cooperation.
Sometimes competition can increase the levels of efficiency in a system,but sometimes cooperation can bring synergy and more benefits for the people/entities,who are cooperating.
Is competition similar to decentralization and is cooperation similar to centralization?
I think that the human civilization needs both centralization and decentralization,but in the right niches and industries.

2430  Economy / Gambling discussion / Re: Casino account ban cases on: December 23, 2021, 07:01:51 AM
In recent times several users from this forum have complained about the account being banned on most of the casinos, so am prompt to ask what caused this situation sometimes the fault is from the casino site, and other times it is from the user itself.

OP,you are not asking a clear question.You are asking and answering your own question at the same time. Grin
Other forum members are answering your own question by repeating what you have already posted. Grin
Anyway,I'm wondering what would trigger a legit casino to ban a gambler.Gamblers are customers and they are the ones spending money on the casinos.Banning a gambler means losing a paying customer.
Creating multiple accounts and trying to abuse and exploit some kind of casino game and bonus system might be the main reason.I don't believe that many gamblers would be using VPNs to join a crypto casino,which is restricted in their country.
I know that many gamblers in my country are using VPNs to access foreign sports betting websites and they aren't facing any problems with bans.I guess that sports betting websites aren't as strict as crypto casinos.
2431  Bitcoin / Bitcoin Discussion / Re: Crypto.com Predicts 1 Billion Global Crypto Users in 2022! on: December 23, 2021, 06:41:11 AM
1.Crypto.com is biased.They are a crypto company,so they want more people to become crypto users.
We need data coming from a neutral source.
2.The info about 292 million crypto users worldwide can't be verified.How did they come up with that number?
Counting user accounts on exchanges is wrong,because one user can have multiple accounts and many accounts are inactive.
3.What does "crypto users" mean?This seems like a pretty vague term.Do they include De-Fi users and NFT users in this term?

I believe that the crypto industry won't hit 1 billion users,even after 10 years.Actually,the crypto industry might never reach such amount of users.
The total amount of cryptocurrency users around the globe is below 100 million,but that's just my assumption.
2432  Economy / Trading Discussion / Re: Are new generation of investors more into gambling? on: December 22, 2021, 12:33:29 PM
Why options trading is considered gambling,while penny stock trading isn't considered gambling by the article author?
There will always be traders,who prefer a high risk/reward ratio.Nobody can stop them from trading.
If options trading gets banned in certain jurisdictions,those traders will find an alternative.
Perhaps the platforms like RobinHood can implement some kind of internal limits,when it comes to options trading.AFAIK,Binary options are banned in the USA,but I might be wrong about this.
By the way,I wouldn't call those investors "a new generation".
They were always here,we just couldn't see them.

2433  Bitcoin / Press / Re: [2021-12-15] Analysts expect Bitcoin trend change after Fed lays out its roadmap on: December 22, 2021, 12:07:39 PM
I speculate if the Federal Reserve’s rate hikes causes the American economy to begin going into a depression similar to 2008, I reckon we might witness bitcoin dump below the previous all time high for the first time. I am not certain of this, however, bitcoin has never pumped as strongly as the bull markets of 2013 and 2017.

It also appears that it is not only America is planning rate hikes. The United Kingdom were the first to hike their rates from 0.1% to 0.25%.

How the hell can interest rate hike cause a depression similar to the 2008 depression?
The 2008 depression was caused by a gigantic real estate/mortgage bubble and the banks/hedge funds going out of control with their speculative investment decisions.
Nah.The Federal reserve and the other central banks will begin fighting the high inflation levels,by increasing the interest rates and lowering the amount bond purchases.
That's what all economy/finance books are teaching-inflation can be lowered by raising the interest rates and less bond purchases made by the central banks on the financial markets.This will cause the overall circulating money supply to shrink,which is supposed to reduce the inflation.
I don't know how this will impact the price of Bitcoin.Maybe there will be a bear market in 2022,or maybe there will be more BTC adoption pumping the BTC price to 70-100K USD in 2022.
2434  Economy / Gambling discussion / Re: ⚽ Football Transfers Speculation, Odds and Predictions on: December 22, 2021, 06:49:21 AM


I just read the news and it seems that Dortmund is now planning to double up his salary if he stays for one more season. I think the plan makes sense. If Haaland leaves, they would have to buy another offender anyway. So why not pay Haaland 20 million instead of 10 million for one season and make sure that they get back on track again next season with Haaland as a part of the squad? If Haaland leaves after this season it could be another ugly year for Dortmund. They should indeed try everything they can to keep him in Dortmund.

The main problem of Borussia Dortmund is the defense.They can't have a steady performance with having a weak defense.Keeping Haaland for one more season won't solve their problem.
We don't know if Haaland wants to stay or he wants to leave Dortmund and join a bigger and more ambitious football club.Dortmund doesn't stand a chance against Bayern,when it comes to winning the Bundesliga and I don't think that Dortmund is capable of wining a European trophy,with their weak defense game.
What's the point of keeping a player with a ridiculously high salary,when the team doesn't have any chance to win a big trophy?
Staying in Borussia for one more year might seem like a step in the wrong direction for a young and talented player like Erling Haaland.
2435  Bitcoin / Bitcoin Discussion / Re: Lightning network as a replacement for SWIFT on: December 22, 2021, 06:28:50 AM
The sad truth is that centralized payment services can be faster and cheaper than the Bitcoin blockchain(most of the time,not all the time).
But the main benefit of the Bitcoin blockchain is being your own bank and not relying on the mercy of some centralized entity to handle your money.
The whole LN implementation into fiat transactions seems like an unnecessary "middleman" layer on top of an existing fiat payment system.I have nothing against that.Let's see what will happen with this innovation,it might work in the end.
I hear rumors that countries like Russia and China might be excluded from the SWIFT system.This might force them to seek for an alternative.
 
2436  Bitcoin / Bitcoin Discussion / Re: No..China Does NOT Have 0% of the Hashrate on: December 21, 2021, 12:03:02 PM
An average of 109,000 bitcoin mining IP addresses active daily in China? This is quite an astonishing number. How do they survive, I mean, to protect themselves from official inspection?
I thought China has left for good.

The Chinese authorities will do something about it,sooner or later.
China has a totalitarian regime,but that doesn't mean that the government is all mighty and can do whatever it wants-like shutting down 109K Bitcoin miners in a week or two.
I guess that tracking and shutting down all those miners will be a slow process.
What do you mean by "China left for good"?I have nothing against the crypto miners located there.
The Chinese miners aren't the ones creating the problems.
The Chinese government was the main cause for FUD.
2437  Economy / Economics / Re: Why Fixed Supply Tokens Can't Become True Currencies on: December 21, 2021, 11:40:01 AM
Here's some info about the "bullion famine" in 15th century Europe.
According to Wikipedia:
Quote
The Great Bullion Famine was a shortage of precious metals that struck Europe in the 15th century, with the worst years of the Famine lasting from 1457 to 1464. During the Middle Ages, gold and silver coins saw widespread use as currency in Europe, and facilitated trade with the Middle East and Asia; the shortage of these metals therefore became a problem for European economies. The main cause for the bullion famine was outflow of silver to the East unequaled by European mining output, although 15th century contemporaries believed the bullion famine to be caused by hoarding.

The discovery of the Americas with its silver and gold, along with innovations in mining techniques, and the Portuguese gaining access to African gold ended the bullion famine.

The colonization of America leads to increased supply of gold and silver,which caused the first case of high inflation in the medieval European economy.
More gold means more inflation,but that's just the medieval economy. Grin
Anyway,this article is criticizing Bitcoin for something that we already know.
Being a good store of value is better than being a good medium of exchange,if you ask me.
Bitcoin can be both,but nobody says that Bitcoin is totally perfect.
I wonder why are you comparing Bitcoin to fixed supply tokens.
Scarcity itself isn't enough to give value to some asset.
You could create some centralized token with a fixed supply of 1 million tokens,but that doesn't mean that this token will become better and more valuable than Bitcoin.
Security and utility are what gives the value of an asset.Scarcity can only increase that value even further.

 
2438  Economy / Economics / Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad on: December 21, 2021, 07:13:17 AM
I live in a not-so-well developed country and there's a actually shortage for workers in my country.
The companies are desperate to find qualified people,so they are raising the salaries and offering all kinds of additional benefits.
However,there's a demographic crisis in my country and the young people are a decreasing minority.Many young people prefer to go to the western countries,rather than stay and work in their homeland.
There must be something wrong with the US labor market,just like the southern European labor markets in Spain,Greece and Italy.Those countries were also facing high unemployment rates among the youngsters.
Maybe the companies aren't incentivized to hire young people,or the education system isn't preparing the youngsters well enough.

2439  Economy / Gambling / Re: ltccasino big win in Booming games on: December 21, 2021, 06:53:46 AM
Congratulations about this win,if this win is real...
However,there are a few red flags.
1.I've never heard anything about this casino.Is there any announcement forum thread of this casino in the Gambling forum?
2.A new player winning substantial amount from a casino right from the start.It looks like you were extremely lucky or the casino is trying to scam you by forcing you to deposit some coins.Or you are just shilling the casino by posting a fake proof about a fake winning.Who knows?
3.A crypto casino using dogecoins....This sounds like a joke to me.Why do some crypto casinos accept this memecoin?
4.This weird withdrawal limit-15K per day,75K per week and 300K per month.This looks strange to me.
What's the point for a crypto casino to have maximum withdrawal limits?Probably not enough liquidity,so they could pay the entire amount to the players right away.

2440  Other / Beginners & Help / Re: 13 top celebrities adopt cryptocurrency in 2021 on: December 21, 2021, 06:32:39 AM
Since most of these celebrities were shilling shitcoins,memecoins,NFTs and crypto scams,I think it would be better to move this forum thread into the Altcoin discussion forum.
Those celebrities didn't adopt Bitcoin,they adopted all of the above mentioned "coins".Most of those coins cannot be called cryptocurrencies,because they are centralized shitcoins.
I'm sure that many celebrities have bough Bitcoin,but the vast majority of them won't reveal that they are currently HODLing BTC because:
1.There's no need for them to reveal such info.
2.There's no incentive for them to promote BTC,compared to all the shitcoin/NFT projects,which are being promoted and which prices are being pumped.
3.Bitcoin is a part of the pop culture and it isn't such a big deal,if someone is HODLing Bitcoins.
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