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281  Bitcoin / Bitcoin Discussion / BTC to Bitcoin ETFs - The ownership are shifting to centralized ownership on: February 13, 2024, 05:22:39 PM




Let's not forget that more and more coins are going from individuals to centralized platforms. Private ownership and equal distribution of coins are being reduced.

Now for many people this is not a problem, because they are making good profits from the coins that are being gobbled up by the ETFs. I have no problem with that, because ownership of coins should not be restricted, but it is sad to see our coins going into centralized platforms, where people do not have control over the private keys. (The private key are controlled by the trading platform)

It feels to me, like we are selling the keys to our soul and the legacy of Satoshi Nakamoto.  Sad

282  Economy / Marketplace / Re: Has your bank or credit card told you they will stop you buying crypto? on: February 13, 2024, 06:43:55 AM
I want to agree with them, because there are loads of Ponzi schemes out there, where they use bitcoin as a payment option.

In any way, it is always a bad idea to buy bitcoin with debt. I would have been angry if they blocked my savings account, when I transfer my own money to a Crypto exchange, but not money that the Bank are borrowing to me.

There was a time when the Bitcoin price crashed and took 3 years to recover... imagine paying off the credit card for something that will only break even in 3 years.  Shocked
283  Economy / Gambling discussion / Re: Don't make use of what you disliked because you can't stay away from it. on: February 13, 2024, 06:33:25 AM
Nobody is putting a gun to your head and forcing you to use the account. Take responsibility for your own actions or get help from proffesionals, if you cannot handle your gambling addiction.

Here are some resources to help you,
https://www.helpguide.org/articles/addictions/gambling-addiction-and-problem-gambling.htm

https://www.gamblingtherapy.org/

Hope you can get some help from this... good luck.
284  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: SolVegas.net - Decentralised Casino on Solana blockhain on: February 13, 2024, 06:19:20 AM
Your last thread was moved to the altcoin service announcement; why create a new one here with the same information?
 
The reason they moved the thread is because your casino is based on LTC alone, which makes it a better fit on the board it was moved to. I will advise you to make your old thread very detailed and don’t duplicate the topics.

Nah, he is not promoting a Alt coin, he is promoting a casino where a Alt coin can be used.

So it has to do with gambling and promoting a casino. They might even start accepting other coins in the future. Many casinos start by accepting only 1 or 2 crypto currencies and then they start accepting other more popular coins.

Even though this is a Bitcoin discussion forum, it still makes provision for people to discuss other Crypto currencies and services linked to it.
285  Economy / Economics / Re: Food security might not be a priority for younger generations. (2) on: February 13, 2024, 05:58:15 AM
I do not agree with you.... people are drawn to activities that has to do with nature. Have you seen the documentaries about rooftop farming in urban cities? These people cultivate crops on top of buildings.

Yes, farming might change and it will become more mechanical (automated), but there will always be people with green fingers, willing to plant something to produce food and to profit from that.
286  Bitcoin / Bitcoin Discussion / Re: A blog about someone planning to retire early with Bitcoin on: February 13, 2024, 05:50:51 AM
You can actually use this site ===> https://dcabtc.com/  to calculate the result of regular Bitcoin buying and what the proceeds would have been, if you have done that for a specific time in the past.

It is obvious that early Bitcoin investors gained the most, by buying cheap and hording for a few years.

The results may be the same, if people buy now and you look back 8 to 10 years from now.
287  Bitcoin / Development & Technical Discussion / Re: Bitcoin mixing on: February 12, 2024, 06:27:35 AM
Just a reminder guys, linking to mixers are forbidden on this forum, since the 1st January 2024.

You can speak about mixers in general, but you cannot provide links to them.

I do not want anyone getting into trouble.  Tongue
https://bitcointalk.org/index.php?topic=703657.0 rule 34
288  Economy / Gambling discussion / Re: Watching & betting on cricket matches has bad effects on study on: February 12, 2024, 06:15:09 AM
The T20 is making things very difficult... yes it's only a limited amount of overs and it is faster than 1day cricket matches, but you only have a few hours in a day.

You sleep for +/- 8 hours ... so that leaves you with 16 hours and then you still have to go to class or work for 8 hours, leaving you with 8 hours and then the cricket takes 4 hours... leaving you with 4 hours to study and all the other things you have to do. (House tasks)

The T20 are also every day for a whole month, so you do not have breaks between the matches.
289  Economy / Gambling / Re: Stake.com - The Leading Crypto Casino - Drake, UFC, Everton, Alfa Romeo F1 Team on: February 12, 2024, 06:03:26 AM
-snip-
Lucky not behind the computer.

I'm on the road at that time, and trying to claim them on the road ~xd and decide to not claim it because is really hard claiming with phone (not phone user). Just got 40$ weekly claim, and lucky not stay all night in computer.

Because, I only have around 5,000$ waggering.
Claiming weekly stream codes with phone can be frustrating because it will be hard to copy and paste the code and we need to move from telegram app to browser where we open Stake. Even with split screen is still hard and most of the time we will be too late to claim because weekly stream codes are fully claimed within few seconds only. The wagering requirement for the last weekend stream seems to be bigger than usual, was it doubled too because of the doubled bonus code?

No, it was not doubled... I think Steven increased it slightly to $12 000 from the usual $10 000. There was a lot of negativity in the chat about that and at time it frustrated him so much, that he asked the mods to "mute" people that was spamming the chat.

We have to wait and see if Eddie continue with the new limit or if he is going to go back to $10 000 wager requirement.

I claim the drops on a notebook, because the phone is just too slow... most codes are short enough to be typed, so copy and paste is not neccesarry. (Like you said, the drops with a low wager requirments or a low amount of drops goes lightning fast)
290  Economy / Economics / Re: Why does a country borrow money from the world bank even when they can afford it on: February 12, 2024, 05:44:08 AM
Well, most countries cannot fund all the large projects from their tax income, so to expedite these projects, they borrow money from developed countries.

A large portion of the tax income goes to the payment of government employee salaries and benefits, so there are not enough tax money to fund large projects. ( upgrading roads and water pipes or building dams)

The government is a business built on tax payers money and most large companies borrow money from investors or sell shares or bonds to fund large projects.
291  Economy / Economics / Re: 'Doomsday glacier,' is holding on 'by its fingernails,' scientists say on: February 10, 2024, 10:51:40 AM
This is actually a "Frog in the Pot" scenario, where the world are cooked slowly and they never see the disaster, until everything goes to shit. It will be very different, if a huge chuck of ice break away and you suddenly see massive flooding on coastal towns... then people will sit up and take notice.

"absolute sea level has risen at an average rate of 0.06 inches per year from 1880 to 2013 (see Figure 1). Since 1993, however, average sea level has risen at a rate of 0.12 to 0.14 inches per year—roughly twice as fast as the long-term trend." - Source : https://www.epa.gov/climate-indicators/climate-change-indicators-sea-level

Do you think average people care about 0.12 to 0.14 inches per year?  ... I think the only people who will notice that, are people living at the beach or close to the ocean.  Tongue
292  Bitcoin / Bitcoin Discussion / Re: Cashless Socity and Contribution of Bitcoin! on: February 10, 2024, 09:01:15 AM
If you study the Bitcoin whitepaper, you will see that Satoshi Nakamoto referred to Bitcoin as "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."

Satoshi wanted this payment system to be an alternative to cash and not to replace it. I think Satoshi knew that governments will never accept it as a replacement, so he created it as an alternative.  Wink

The Banking system are already stepping up with loads of centralized "instant" payment options that will make things very difficult to justify Bitcoin as a payment option, because Bitcoin transactions are very slow and expensive. (Not the Lightning Network)

293  Economy / Gambling discussion / Re: Why do coaches get sacked over poor performance of players? on: February 10, 2024, 08:04:03 AM
A player will have to be stupid to risk their career to play badly to shift the blame on the coach to get him or her sacked. That coach has nothing to lose, he/she lost the job.. so he/she will expose their motives and the players will be sacked too.

In the end, a club is a business and their ultimate goal will be to make a profit, so they will monitor both the coach and the players performance and base their decisions on that.  Wink
294  Economy / Gambling / Re: Stake.com - The Leading Crypto Casino - Drake, UFC, Everton, Alfa Romeo F1 Team on: February 10, 2024, 07:53:24 AM
Does anyone know the policy when you bet on a third-party game on stake, but your potential profits are higher than their max profit. Will they block the bet from happening, or will they cap the winnings? Or does the max profit not apply to third party games?

I think Eddie spoke about this in one of his streaming sessions one weekend. He said there were some third party games that previously showed absurd maximum win potential, but nobody has ever won with those multipliers. This was challenged and the explanation was that it was just a marketing thing.

He mentioned that they will only honor the multiplier that can actually be won on those slots. He also gave an example of some guy that won a huge amount on a slot, but it was only a glitch in the software, so the casino voided the win. (Example : Max multiplier for the slot was 5000x but the win showed 50 000x)  Tongue
295  Economy / Gambling discussion / Re: To what extent have you hated yourself due to your gambling losses? on: February 09, 2024, 06:31:51 AM
I believe this is not strange to regular gamblers. We often joke with each other that once you fall into a streak of bad luck, it will be difficult for you to escape, you will only lose and lose. At that time, you almost just threw money into gambling unconsciously, without thinking about anything else.
I have also experienced this situation many times, I once placed 20 consecutive bets on only one over, but it only came out under, and countless other times were the same, also a bit disappointed about myself, but why only appeared 1 door, when the probability is always 50/50? What I learned later is that you should not stubbornly continue to play when you have had more than 3-5 consecutive losses, stopping and coming back the next day will be a wise choice to escape the losing streak.

I cannot see how... "coming back the next day" ..will improve your luck?

Yes, I think casinos change the RTP, so you might come back the next day and the casino might have flipped the "happy" switch... and you might win 1% more than the previous day. (Slight adjustments)

So it's not your luck that has changed, just the slight adjustment to the RTP. (Some casinos request this from their game providers, but they can do it with their own original games)

Sports betting is a beast on it's own... and it's influenced by 1000s of factors. (Odds/weather/mood/bad intel or data... etc.)

296  Bitcoin / Project Development / Re: [ANN] JJG Sustainable Bitcoin Withdrawal Strategy on: February 09, 2024, 06:19:06 AM
Ok, just to clarify why I asked if you could possibly add those other strategies.

People always discuss possible outcomes with different scenarios or different strategies.

I discussed your strategy on one of the local "investment" WhatsApp groups and people were curious to say the least.

They wanted to see what the outcome would be, if they re-invested the yield from your strategy. (They do understand that your strategy are not an investment strategy, but they still wanted to compare the "what if" outcome)

Example 1 : What would happen, if I re-invested that yield, compared to withdrawing it and just using it for something else.

Example 2 : What would have happened, if I simply deposited it into a fixed deposit at a Bank. (Fixed interest rate, with an option to make additional deposits)

It's just fun to play around with the different strategies and I can see that you took that to the next level.  Grin Wink
297  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: February 09, 2024, 06:00:48 AM
I mean I do agree that website doesn't "look" like a website that is a multi-million dollar company website, and it is basically give or take the same design as what it was 10 years ago, with only a few minor changes, I do agree that it needs an overhaul of design changes.

Well, if you look at the site of the best investor in the world, it looks like it's on ftp or something. It's laughable:

https://www.berkshirehathaway.com/

So, if freebitco.in has a business that is doing very well, with increasing revenue every year, I don't see why they have to change the design. What they have been doing over time is implementing more functionalities, some of which worked and stayed and others didn't (I'm thinking of cloud mining for example). So I don't see it as a priority to change the design.

I say, if it is working... leave it alone. There are too many companies out there that are trying to project an image of their company... that does not fit the functionality of their business.

You find sites that look very proffesional, but it is backed by some scam or Ponzi scheme.

Freebitco.in has managed to cram loads of extra features into it's website, without cluttering the interface or landing page.  Wink
298  Economy / Economics / Re: "Shrinkflation" is coming back as a narrative on: February 09, 2024, 05:45:23 AM
I think you are not using the word "shrinkflation" in the correct context.

"Shrinkflation" is the practice of companies reducing the size of a product, while maintaining it's sticker price.

It is actually a marketing strategy to fool consumers into believing that prices are beating the rise in inflation, but they are reducing the size or weight of the product.

You paid $2.50 for a can of soda (500ml) in 2023 and in 2024, the company reduce the content to (400ml) and they still charge you $2.50. (The size or design of the can are slightly altered to look the same, but it holds less soda)
299  Bitcoin / Bitcoin Discussion / Re: Could bitcoin become extinct? on: February 09, 2024, 05:26:29 AM
Extinct might be the wrong word.... because that word is used more when it comes to animals.

Bitcoin might become unpopular or it might be replaced with a better technology, but the blockchain will still run on someones computer. (Just look at retro console and arcade games that are still availlable after all of these years)

It can also fail, if someone finds a way to exploit the code or to crack the encryption.  
300  Economy / Services / Re: [OPEN]Stake.com NEW SIGN CAMPAIGN l UP TO $160/WEEK l HERO/LEG SPOTS OPEN on: February 08, 2024, 07:33:47 AM
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