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June 25, 2024, 06:00:10 PM *
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2621  Economy / Economics / Re: Bank runs make u use crypto on: July 13, 2022, 11:03:29 AM
Satoshi has always said.... "Bitcoin is an alternative payment option".... so what happens when your primary payment option fail? ==> You turn to alternative payment options.... like Bitcoin that are widely accepted. Is stablecoins widely accepted? No.... it is more suitable to trading pairs and a hedge against Bitcoin's price volatility.

If a Bank run happens... Banks will "restrict" withdrawals or close the doors.... then you will be forced to buy goods and pay for services at merchants that accept Bitcoin payments.  Wink
2622  Bitcoin / Bitcoin Discussion / Re: Bitcoin in 10 years, 9 years ago - from Theymos reddit AMA on: July 13, 2022, 09:05:08 AM
Well, the hardforks was done for different reasons.... but he was correct... it did change the original protocol a lot. The LN sidechains can be seen as another technology on top of the Bitcoin protocol ....which made the "cost" of the transactions a lot cheaper than before.

Theymos has been there from the early days, so he had contact with many of the knowledgeable people in the Bitcoin community. This gave him access to a vast amount of knowledge and insight into the working of the technology and the possible roadmap for it's future.  Wink
2623  Economy / Service Discussion / Re: Preev.com - DNS hosting service has expired. on: July 12, 2022, 05:55:18 PM
Well, it is the perfect time for some developer to jump on the opportunity to close a gap in the market. Just make sure you keep it basic and also use a very short domain name. (URL) .....because that was part of the success of this site. (Also, it did not have advertisements all over the site)

The owner obviously did not create Preev.com to profit from it, he/she/they offered this service to support the community. (I would add a donation address to fund the domain hosting cost for the site, if it was mine)  Wink
2624  Economy / Economics / Re: Can Bitcoin Reduce the Global Wealth and Income Inequalities in 2022? on: July 12, 2022, 05:45:54 PM
The only way for "Bitcoin" to close the gap between the poor and the rich, is for poor people to buy bitcoins when the price is low and then to sell for a large profit when the price reach a new all-time-high. The problem is.... most poor people live from hand to mouth to survive, so they do not have the disposable income to buy bitcoin. (even in small quantities)

So the solution is this.... Rich people should help to create "online" jobs for people to be paid in bitcoin to enable them to earn bitcoins. Why would rich people do this? ===> Answer : When the Middle class is gone.... guess who will have to pay all the taxes to support the poor! - The Rich people...
2625  Economy / Economics / Re: Good and Evil money — The Morality of earning Money/Rewards on: July 12, 2022, 01:22:37 PM
You are paid ...based on your market value in your specific area of work that you do. Your employer will determine what the salary must be, after research was done to determine what the industry standard is for the payment of that specific job.

In my view... people earning "money" through illegal means... might be perceived as "evil" money. (This is money that are stolen or linked to criminal actions.. drugs / smuggling / money laundering etc..)   Roll Eyes
2626  Economy / Gambling / Re: Stake.com - The Leading Crypto Casino - 🦉 Drake, UFC, Watford Main Partner ⚽ 🥊 on: July 12, 2022, 11:22:06 AM
And still Eddie is undefeated (2-0)! Looking forward for the trilogy with Drake. Grin

And thanks to Stake, I received $50 from their Drake vs Stake 2 Bonus Drops.

Was it just me.... or did it feel like Drake was giving out a lot less than what he did in the previous stream? I think one of the mods said he gave away $500 000 and Stake gave Bonus codes to the value of $500 000 ....which totals the $1 000 000 he posted.  Roll Eyes

Also.... on the previous stream, Drake gave away a big balance to everyone that signed up through the email... which did not happen this time. There was also a $1000 wager requirement for the Bonus code giveaways... which sucked for some of my friends who did not wager. (We came together as a group to watch the stream.... and some of them got nothing)  Sad
2627  Bitcoin / Bitcoin Discussion / Re: My Bitcoin teaching approach on: July 12, 2022, 11:12:47 AM
I have been working in Africa on contract for my company for years... and one of the sideline projects is to empower the communities to "fish" for themselves. (We used to provide for food, but we were more successful in helping them to provide or cultivate for themselves)  Wink

The thing is... most rural villages do not have basic infrastructure like electricity and Internet or even clean water, so it is a waste of time and effort to teach them without that being in place. (Generators and small solar panels are used, but it's expensive to run... but they can charge cellphones and you can use that as a teaching tool...because a lot of them know how to use M-Pesa on cellphones) Wink
2628  Bitcoin / Project Development / Re: Coinplate - a new, ultra durable Seed Phrase Backup solution on: July 11, 2022, 06:10:00 PM
I just wanted to know if the Stainless Steel used for this ....also get what we call "white rust" in our country? Here is a article explaining this :
https://www.metalsupermarkets.com/what-is-white-rust/  ....because the small dent might "fade" if other corrosion takes place on the surface of the plates.

I live in a area where there are a real problem with rust... and I cannot use any product that will be influenced by rust and corrosion for something that holds very sensitive data.  Undecided
2629  Economy / Gambling / Re: UltimateArcade.io (pm me for free 50 cents) on: July 11, 2022, 12:00:58 PM
Ah... I see why you are doing this OP ....." Refer a friend, get $10 ...On their first deposit, you both get $10! " ....Well Done on innovative thinking.  Wink  Something that I picked up in the ToS ===> "All Non-U.S. and Non-E.U. players, can always participate in warm-up free to play tournaments."

Also, they require (a) full name; (b) permanent physical residential address and a billing Zip Code in a jurisdiction in which participation in the tournament you select in Ultimate Arcade is unrestricted by law; and (c) credit card or other payment information, which information and/or signing authorization may be verified by Ultimate Tournament (becoming a "Cash Player").

So people that does not qualify to play here, will struggle to bypass all these KYC requirements.  Roll Eyes
2630  Bitcoin / Bitcoin Discussion / Re: How Bitcoin manage to grow over time? on: July 11, 2022, 11:47:30 AM
Yes, we have seen a steady growth in the Bitcoin price, since it has been released ....but it is not a guarantee that it will continue on the same trend. In theory.... the Bitcoin price should continue on this trend, because it is designed on the principle of scarcity ...like other commodities for example Gold.

The problem is, scarcity does not guarantee a high price, if there are no demand or use case for it. We have to make sure that there are a constant demand for bitcoins, by supporting the retail outlets and shops that accept Bitcoin as a payment option. (Do not just hoard your bitcoins... use some of it... and keep buying more)  Wink
2631  Economy / Gambling discussion / Re: Grand Lotto Winner on: July 11, 2022, 11:19:41 AM
I think by revealing only the city name, the casino are not endangering the players real identity. In the 2020 census, Iloilo City had a population of 457,626 inhabitants, with a 0.42% population annual growth rate. For the metropolitan area, the total population is 1,109,649 inhabitants. Source : https://artsandculture.google.com/entity/iloilo-city/m04wdb1?hl=en (So finding a single Lotto winner in a metro with 1,109,649 people will be extremely hard)

Some winners even allow the Lotto operators to publish their name, without the surname for promotion and publicity, because it gives some credibility to the lotto operation.  Roll Eyes
2632  Economy / Economics / Re: Economic collapse and digital currency btc and crypto on: July 11, 2022, 11:10:36 AM
I can still remember a few years ago... how we as a Bitcoin community... reached out to countries like Greece, when they had a situation where Banks closed their doors. We saw old pensioners breaking down in front of closed Banks and people going crazy in very long queues... because they only had 1 currency (Fiat) to make payments.  Roll Eyes

https://www.abc.net.au/news/2015-07-04/crying-greek-pensioner-behind-the-photo/6594984

Did anyone learn from this.... or did they see this happen.... and then simply moved on with their lives?
2633  Bitcoin / Bitcoin Discussion / Re: Whole coiner status in 10+ years on: July 11, 2022, 10:50:06 AM
I think the moment when the Bitcoin price goes to a new all-time-high of $100 000 .....hardcore hoarders will bend the knee ....and they will sell some of their coins. I think whole coiners will significantly go down after the $100 000 per coin is reached .... and the only people with whole coins will be early coiners and Whales like Elon Musk.

The speculators (weak hands) will jump ship between $70 000 and $80 000 per coin ..... because they are simply hunting profits. I know I well never sell all my coins..... so I will hang around until we reach $1 000 000 per coin.  Shocked
2634  Economy / Gambling / Re: Stake.com - The Leading Crypto Casino - 🦉 Drake, UFC, Watford Main Partner ⚽ 🥊 on: July 11, 2022, 10:34:08 AM
Here it is the score of stake on askgamblers: https://www.askgamblers.com/online-casinos/reviews/stake-casino

Down to 5.2 out of 10, terrible, this is the lately feedback of how stakes operates.

CasinoRank is an advanced system developed by AskGamblers professionals to appoint unbiased ratings to online casinos and thus give players a clearer picture of what they can expect from a casino brand. The secret of CasinoRank lies in its complex algorithm that considers all aspects of an online casino and updates the rating accordingly. Source : https://www.askgamblers.com/online-casinos/casinorank

Well, I am not sure if this so-called algorithm is very trustworthy.... Roll Eyes  ....also, it takes only 15% inputs from actual users with player reviews.  Roll Eyes (This can be manipulated a lot)  Roll Eyes

How many players from Stake.com actually take the time to do player reviews?
2635  Economy / Gambling / Re: Bitcasino.io 💜 — TOP Bingo games 🔥 Win like never B4! on: July 10, 2022, 06:37:17 PM


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Karl, you guys owe me a huge win to recoop the money that I lost due to my grandmother taking over my gaming notebook to play these Bingo games. (joke)  ......but yes, I made the mistake to show her the selection of games and now she wants to "borrow" my gaming notebook to play these games.  Tongue

I am in the process of buying a low spec notebook for her, to FREE up my gaming notebook now. So.... may the gambling Gods give me one big Jackpot to fund the purchase of this notebook.  Grin Grin Grin Grin
2636  Economy / Service Discussion / Re: Preev.com - DNS hosting service has expired. on: July 10, 2022, 11:29:42 AM
I appreciate the contributions of alternative options, but the convenience of typing a short URL (preev.com) to reach a very effective service to convert BTC value to Fiat currencies...has been one of the advantages of using this site.  Roll Eyes

It also provided good source data from very large trading platforms to get a very accurate value for the Bitcoin price. Preev.com is a no nonsense service with all the basic features that you want. (No unnecessary bells and whistles and clutter)  Angry 
2637  Economy / Economics / Re: Zimbabwe resorts to gold coins as local currency tumbles on: July 10, 2022, 11:22:05 AM
The biggest problem with Zimbabwe is the high levels of mismanagement and corruption in their government. The Mugabe government decided to challenge the "West" and the result was economic sanctions that crippled their economy even further.

At one stage.... their citizens opted to use "sweets" as substitute for small change, because the hyper inflation killed the value of their ZIM Dollars and people rather wanted "sweets" instead of a hand full of worthless fiat currency.  Roll Eyes

Bitcoin has also been used as a hedge against inflation, but the lack of Internet infrastructure and also stable electricity and 3rd world education system...has sabotaged it's success.
2638  Bitcoin / Press / Re: [2022-06-28] Bitcoin mining revenue mirrors 2021 lows, right before BTC breached on: July 10, 2022, 09:42:41 AM
One thing I have learned from Bitcoin price history is that it is not predictable at all. There are just too many factors that influence the price and trying to link Bitcoin mining to that, will eventually fail too. We saw several predictions linked to Bitcoin mining when the Bitcoin price took a 80% nose dive in 2020.. and most of them were wrong.  Roll Eyes

We had periods of 3 years between a "crash" and a next "All-time-high" Bitcoin price spike.... so all this guess work is simply a waste of time. Just concentrate on increasing Bitcoin adoption ....and the Bull-run will happen on it's own.  Wink
2639  Bitcoin / Bitcoin Discussion / Re: Btc and crypto can only stay if it getting simple also secure people are afraid on: July 10, 2022, 09:21:58 AM
Bitcoin will become mainstream, when a global collapse of Fiat currencies happens. We saw what happened in countries where the Fiat based economy collapsed... (Zimbabwe) ...and people started to search for alternative payment options like Bitcoin.  Wink

Do not think Bitcoin wallets are too complex for people to learn, because uneducated people in 3rd world countries in Africa are using M-Pesa that are even more complex to learn. (Mobile payment method)  Wink
2640  Economy / Gambling discussion / Re: Inherited gambling on: July 09, 2022, 12:09:15 PM
Well, even if gambling were hereditary.... people still have a choice to do it. You should actually be more cautious if gambling addiction is part of your genetic makeup. A lot of people have certain health problems that are hereditary, like for example "Diabetes" .... so the children in the family should then decide if they are going to "live" more healthy to avoid it.... or if they going to eat wrong food and increase the risk to get Diabetes later in their life.  Roll Eyes

So, you still have a choice in the matter.... and you should not just blame your weak genes, for the bad choices you make.  Roll Eyes
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