Bitcoin Forum
June 20, 2024, 10:03:04 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 [131] 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 ... 337 »
2601  Bitcoin / Bitcoin Discussion / Re: World Governments are Scared of the Popularity of Bitcoin on: February 18, 2022, 05:20:33 AM
If you mean by government in general, well, they've always been doing this kind of stuff afaik? It's closer to fearmongering among then I reckon? Though Idrk tbf, Im no economic expert. They can't really do anything even with all the negative press they do about it though, as I said, most of what they're saying is closer to fearmongering imo. Crypto would stay whether the governemnt of any country want it or not. Even if they did try something, it'd be something I'd consider as a soft ban, (heck it's not even a ban tbf), they're just making it take a bit more effort to use it.
2602  Economy / Gambling discussion / Re: Why a single bet is better than a multi bet. on: February 18, 2022, 02:27:58 AM
The purpose of multi bets was either to net in as much profit as the user wants, or simply try to diversify the bet you want, just like how you diversify your portfolios. Though it still depends on the odds ofc, so it still requires a bit of judgment on that point. Honestly researching a team should automatically allow you to identify they're capabilities, letting you bet on multi-bets (or just deciding to go for single ones since you see no possible wins for multis).
But if users don't have a good knowledge base in analyzing, I'm afraid they will just choose the wrong team, which means they can get a loss. It would be fine if they only chose single bets, but what if they were forced to select multi bets where they wouldn't have a big chance of winning.

Researching a team takes time, and without previous experience, it will be difficult to do, and we will have a hard time analyzing it. So we need to know our own ability to analyze so that we don't choose the wrong team.
And that's why it requires proper judgment and not just willy nilly betting. That's no different than gambling after all. Plus, it's as I said, similar to diversifying your portfolios meaning you know what's up with the game, who the parties involved are, and what are the possibilities that would happen. Your sports betting in the first place because you at least know the game, the teams playing, and the chances and possibilities of what could happen, even if your references were past matches only.
2603  Economy / Gambling discussion / Re: What will be the next big industry move? on: February 17, 2022, 07:45:27 PM
The future of the metaverse is promising, and when combined with the increasingly advanced technologies of VR equipment, if combined with crypto, they can be a huge success in the not too distant future.
Unfortunately the value of the equipment is still very expensive and inaccessible for many people, I hope this changes soon.
Only on the issue of health, I'm a little concerned, because if today people already exchange many experiences of face-to-face relationship through online and video chats, imagine then that the metaverse is quite widespread.
Metaverse wont be completed without a VR equipment but with crypto? I do not think its necessarily needed but if they add it then fine, it will be a good news for us who support crypto because they are being introduced along with the newer technologies.

Speaking of the equipment, the VR technology is not that new anymore so I believe there are now older versions of VR that are cheap and affordable for the masses. They need to decrease its value over time if they will release a newer model, the same thing happens on mobile phones, gaming consoles and other stuffs. If your worrying about health issues, just do not over use it but only use it as moderation and you will be fine.
Yea no, let's not put crypto as a requirement for the metaverse bs. Pretty sure it could live as a stand-alone, maybe an integration as an addition of sorts if you were going for something fully anonymous (but fr, if it's developed by a company, expect a certain amount of KYC and data gathering so I think that's just useless).

regarding costs it'll probably go down, remember personal computer and cellphones 20 years ago? it was much rarer to see it and much more expensive.

regarding health I agree with you, in fact I'm reading a book by Naval and just read a page where he says that in general, more screens = less happiness, less screens = more happiness.

I have read some studies that seem to indicate that the more screen time that a person employs in front of digital devices the greater the chance they are suffering depression, now as we know correlation does not mean causation, however it seems that the current generation that is spending so much time online already is neither happier or better because of it, and something like the metaverse is only going to make this even worse.
Pretty sure that's rather subjective? I've always faced a screen in the past 3,4 years and I've never been unhappy (or depressed). Those studies were probably when we were transitioning into the current tech, it would've been rather expected.
2604  Bitcoin / Bitcoin Discussion / Re: Am I the only one who loves BTC but hates the Metaverse idea and the NFTs? on: February 17, 2022, 10:31:29 AM
I used to be entranced at the idea of NFT's, like when I understood what it meant. But when I entered the scene, oh boy was I immensely disappointed. It was full of hype instead of concrete, well, foundation imo. It's like the original purpose went poof all of a sudden at some point of it being used. Kinda liked it as well since I really wanted some support to happen for digital artists.

As for metaverse, I gave up on actually trying to understand it after a certain point and decided that nope, this ain't my thing and I'm out. I understand the idea, but eh idk, it just seems way too dumb. Like it was an idea that was overcomplicated with jargon so most people would think it's actually an innovation of sorts.
2605  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin really censorship-resistent if they can't reach Canadian truckers on: February 17, 2022, 08:52:36 AM
It's not like the Canadian government has gotten hold of the funds from the fundraising though. What the government did was something like block the most obvious path that the money could move, but it isn't necessarily the only path. There are a lot more methods the fundraisers could do to bring out the money and convert it to Canadian dollars, just that it's gonna take a bit more time and probably effort to do so. Plus, it was honestly expected that it'd receive some censorship if users were to actually use centralized exchanges to do their transactions, which is outside of what Bitcoin is. s
2606  Economy / Speculation / Re: Is Bitcoin the best investment at the moment? on: February 17, 2022, 06:06:14 AM
It can be believed by me or many other investors that bitcoin is indeed the best investment that many have made in the market which is quite durable and a significant price is felt.

Other assets are also very worth investing in but we must be able to do research despite now having a lot of hype and trends that trap us a lot if we want to be safe in investing, of course, it is bitcoin that must be done, not other assets.
Actually investing in crypto is a lot, it's just that we have to know about the coins being invested.
Diversifying your portfolio shouldn't exactly be put on the same idea as looking for the best investment. It's mainly because diversifying your portfolio is like choosing the top 10 coins you'd describe as coins that are currently the "best" to invest in. So it's basically a portfolio of Bitcoin and other alike coins. It's always how one should build up their portfolios, pick one coin that you think would be a best investment, then pick a few other coins that wouldn't necessarily be the same as that best investment, but if you can then do so.
2607  Economy / Gambling discussion / Re: What is the mathematical formula for determining the value of a bet / odds? on: February 16, 2022, 11:26:32 PM
I don't think an accurate formula could be given as to how odd providers actually provide their odds, since there's a lot of data involved and not to mention it also includes data on a players status, past medical statements, and whatnot which isn't really something you could punch in into a mathematical model and have it automatically return a number you could use to adjust the odds set.

Though I guess at some point or form, odd providers have a centralized value (or at least, very close to each other) for certain regular factors like as I said, medical statements/injuries of a player, which makes the odds they set almost the same as other odd providers. E.g., setting a value of 2 (random number, don't think much about it) to a team that plays on their home field then adjusting the odds based on that. But again, there are still a lot of factors involved.
2608  Economy / Gambling discussion / Re: Why a single bet is better than a multi bet. on: February 16, 2022, 12:22:58 PM
It depends on how much you bet and where you want to support. In sports gambling of course you need to take a time where is ideal to make a bet like having research on the team, strategy, best plays and current lineup. When I make a bet too I do a single bet because at that time I can now watch the current live game and don't need to pressure too many indifferent bets. If you can handle in different game good but if you want to watch those games and get entertain go for a single bet at the end of the day still profit is the ideal thing.
The purpose of multi bets was either to net in as much profit as the user wants, or simply try to diversify the bet you want, just like how you diversify your portfolios. Though it still depends on the odds ofc, so it still requires a bit of judgment on that point. Honestly researching a team should automatically allow you to identify they're capabilities, letting you bet on multi-bets (or just deciding to go for single ones since you see no possible wins for multis).

I suppose this is a central point in this discussion here: In a multibet you can bet with smaller amounts of money and still get huge gains. The fee might be higher but you also leverage your money in a sense. So for the occasional bet with small money a multibet is very attractive. It is a different story if you want to place large bets, then fees become more important and often large bets are for a single event only
Multi bets simply give you more opportunities to net money from bets (and also lose more).
2609  Bitcoin / Bitcoin Discussion / Re: Are we wrong? Bitcoin or Blockchain what does Satoshi actually mean? on: February 16, 2022, 10:38:38 AM
Have we misunderstood? It's not about Bitcoin or any other crypto but the blockchain itself. From the beginning of the emergence of cryptographic technology, smart contracts, defi and even NFT, all aspects have changed to be more, safer and of course able to guarantee the authenticity of a work (one of which is Bitcoin = the work itself).

1. Blockchain can change perception a bank or a country, when the price soars and falls again in a matter of minutes it can attract the attention of a country and even the central bank in that country which inevitably bank institutions and goverment will pay attention to ban the bitcoin because of this.
They aren't really banning Bitcoin because of its price? They're banning it cause it's trying to damage their centralized system. A perfect example would be China and its very centralized-centric system.


Maybe one day the real Satoshi appeared and did a patent the blockchain. Is this the real purpose of Satoshi's intention to create Bitcoin?
Will Bitcoin remain valuable or vice versa? for sure Blockchain will still exist and will be a large system that will be used by many institutions and even governments.
Pretty sure it's too late? And he could've done so originally if he wanted to. He had a vision of what he wanted Bitcoin to be using blockchain tech, pretty sure he already had an idea of what it could've been. Even if it wasn't to the level of what we have right now, he should still somewhat have an idea. Besides, I think with how he made Bitcoin itself, pretty sure he had no plans to patent it originally. And even if he did, I don't think it could do anything to stop Bitcoin from being valued by users who see its value.
2610  Economy / Gambling discussion / Re: Oscars to include Fan-Favorite Film via Twitter on: February 16, 2022, 05:41:39 AM
I was thinking of the gambling implication of this. What if somebody places a huge bet, say, a million or two, on a particular film and then activates all kinds of bots and thousands of fake Twitter accounts that could spam the platform of votes 20 times a day every single day from the beginning of voting until the end? In other words, is this open for manipulation?
I think it's possible for the Oscars committee to communicate with the Twitter tech team to handle the data so that any malicious or suspected bot activity involved would get handled manually? Cause if not, then yea I'd have to agree, manipulation would be rather obvious at some point and would probably kill the purpose of the fan-favorite voting system. Might as well remove it again tbh. That, or gambling would never really be connected anymore with it. If manipulation was obvious, I don't think people would indulge on it anw.
2611  Economy / Economics / Re: Bitcoin failed to fulfill the purpose it was created for ? on: February 15, 2022, 11:22:17 PM
Well if we do say that there are levels to how you can call something an "alternative", then pretty sure Bitcoin is at least past the beginning parts. It works as an alternative, there are merchants that now accept it as payments and you can also transact it with others who are willing to, I don't see a reason why it can't be taken as one.

As for being controlled, well, pretty sure the government has no access/control over the main workings of Bitcoin? Specifically, they're just banning it. Technically, what they're controlling is not Bitcoin, but rather their citizens. Doesn't seem like they were that successful though tbh.
2612  Bitcoin / Bitcoin Discussion / Re: Bitcoin is not a safe haven for criminals on: February 15, 2022, 01:05:22 PM
I think it depends on how good you are at clearing your tracks and who exactly you're trying to run from? I mean, most caught cases of criminals are honestly just because of a slipup or an inside job, and not exactly because the government was able to trace them perfectly. It's basically a waiting game for them, trying to find a mistake they'd do and then capitalize on that mistake to trace everything back down from where it came from to where they are or who they are. That's how they do their jobs.
2613  Economy / Gambling discussion / Re: Crypto stuck in sports betting site, now they want KYC on: February 15, 2022, 08:20:39 AM
Ha, didn't know the other person is called a "mule." But yes, I was thinking about this. Technically I can come up with some clever rebuttal I can feed to my mule counter to all their accusations and there is no way for them to disprove it. But in the end I think they will simply give me some BS automated reply saying I broke ToS.

Also, can't I simply get KYC docs from my mule and submit them myself? My mule would not even need access to the account. But the mule must have trust in me to be dealing with their personal info, and a promise to receive payment.

Anyway, it all seems like too much of a hassle and the odds seemed stacked against me. Learned my lesson here.
Not really a hassle if your friend knows what he's gonna do, if he doesn't well then now it turns into a hassle. Though I do agree that they could give you a simple "Nope, i don't believe you and I don't give a damn if I don't have proof, your account is disabled" message of the sorts. There have been instances like that afaik, if you're fine with letting that amount of money go then I'd really suggest just letting it go and setting up a new account.

Looks like OP had already made His way to get the funds because he got Online in February 13 but never posted anything here meaning he does not interested in the later advise but had decided for His funds.
Op himself decided against getting the funds from the account back mainly cause it was a hassle it seems.
2614  Economy / Economics / Re: Economics on: February 15, 2022, 05:25:47 AM
A lot of countries are releasing/ contemplating to release their own digital currencies. EU is contemplating digital euro, Jamaica is thinking of digital Jamaican dollar.. India has already launched digital rupee..
How these currencies will affect the bitcoin/crypto ecosystem?
It won't? It's kind of similar to a rebranding, but that's it, rebrand. Nothing of note actually changed at its core, it's still backed by a central organization, aka the government, and regulated. It's still fiat, regulated, controlled, and I highly doubt it being digitalized would actually change anything in the crypto ecosystem since well, it doesn't even influence or touch it. They also operate in different systems, crypto being in blockchain and fiat being on a government-controlled system.
2615  Bitcoin / Bitcoin Discussion / Re: Bitcoin War on: February 15, 2022, 04:02:58 AM
No, that'd be pretty dumb. I mean, they can just let them do what they want to do, It's not like being anti Bitcoin requires you to destroy every remnant of it from existence, just don't use it, pretty sure it won't affect you. Plus, wars would probably be a last resort kind of thing in situations where it actually makes sense, a fight between pro and anti Bitcoin isn't one of them. If wars were started over stuff like that, we would've had a LOT of wars already just because of the fact that different countries use different fiats (or even different beliefs,religions, etc.)
2616  Economy / Speculation / Re: Bitcoin is becoming more and more like a stock on: February 14, 2022, 11:17:59 PM
It seems that crypto investors have started looking for money with game-based altcoins and virtual worlds or metaverses in order to quickly get money to invest in bitcoin.
Well, it's probably one of the most profitable projects investors could enter right now together with the NFT hype, just like how signature campaigns and ICO's were a thing here in the forum a few years back. As @sunsik have said, it's simply a trend, and investors would always ride with it to make profit.
Even though the bitcoin price is still in the process of recovering after being hit by negative sentiment related to skepticism that has come from several financial authorities since the beginning of 2022 yesterday.
Yet bitcoin is still the mainstream investment asset for crypto investors for now and in the future.
Always has been. It's a great investment if you were to consider the long-term returns. The only difference probably is that the returns most investors could get now is reduced compared to when investing 7-8 years ago, which is understandable, the risks were more prominent way back then after all.
2617  Economy / Trading Discussion / Re: New and emerging Cryptocurrencies? on: February 14, 2022, 09:51:17 AM
Try looking up famous crypto enthusiasts or project endorses, basically people who know their shit and recommend them to the public via their social media. Other than that, it's mostly trying to looking at each project's whitepaper yourself and determine whether they're good or not. It's hard, yes, but that's the way it goes. There's a bunch of shit projects that you'd actually have to filter through to even find one decent project, let alone a really good one. It's really going to take a lot of luck and effort imo.
2618  Bitcoin / Bitcoin Discussion / Re: What wouy you improve about Bitcoin if you had the chance ? on: February 14, 2022, 06:08:03 AM
In as much as my private key gives me full control of my funds and it grants me access to sign a transaction if it gets misplaced then I'm doom for life. What if there was an improvement on this maybe a way of recovering back ones private key if it gets misplaced even if it would take a proof of work alogrithm or even a more tudious process but having a chance to get back lost wallets in cases of carelessness or maybe hazardous damage since it's not advisable to store private keys online nor would it possible for everyone to memorize this combined alpha-numeric values of SHA256 alogrithm
But that removes the initial point of the private key concept? Where only the owner (or whoever has access to the private key) has access to the coins? If there was an alternative way, one that is similar in concept on how "forget passwords" work, then it's basically saying you're agreeing on letting someone hold your keys so that in case you forget about it, or lose it, you still have an alternative method of access.

if there is really no need for any improvement then whats the need for Bitcoin improvement proposal just like the bip-21 which is obviously a proposal from developers to improve bitcoin uniform resource identifier (URI) scheme which could include mobile wallets with QR-codes. This was what bathed my curiousity. can I get clearity on this concept and why it can't be applicable to private keys as well
It's not like there's no improvement possible at all. Bitcoin still has issues with transaction speeds (which is being fixed or has been, idrk, by lightning network) and fees, but fixing those doesn't really affect how the core works, but more like improving it instead. Your idea of improvement was trying to change the core of what made a private key, well, private.
2619  Economy / Economics / Re: Now who are the owner of Bitfinex hacked Bitcoins which are now recovered? on: February 14, 2022, 04:49:31 AM
This article is a good read about what has happened before after the hack and as well as where the recovered bitcoins must go.
Article: Who gets the $3.6BN in Bitcoin US seized in Bitfinex hack?
It's actually a developing story and we still need to wait further for the decision about it. It is not only bitfinex that will decide on this, do they or not?
Seems like a lot of others want their Bitcoin back, but considering that Bitfinex compensated them somehow, just that it seems like the compensation was valued at what it was when the exchange was hacked? So it's like the amount to be returned to the original owners were the value of their assets way back then in USD, instead of the exact assets themselves. It's kinda difficult ig, but as I said, considering how Bitfinex compensated the owners, it wouldn't be odd for them to say that they technically own the Bitcoin now, and not the users.
2620  Economy / Gambling discussion / Re: CrazyTime and Monopoly, should we trust? on: February 13, 2022, 10:35:18 PM
Well, I guess it depends on what live games I'm watching? I've never had much experience with it though, I've only joined like two or three, watched a few without joining, and that's about it. I've never really questioned most of what I experienced (probably cause I couldn't give a single damn about trying to find out whether it's rigged or not), but no, not really. It's also the main reason why I don't play them that much, it looks way too suspicious at times and you can't really do anything even if you complain about it.
Pages: « 1 ... 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 [131] 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 ... 337 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!