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2921  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin be Palestine's currency of freedom?? on: September 30, 2022, 11:02:12 AM
Bitcoin is a currency of the free. So it doesn't matter where you are in the world for you to make the most of Bitcoin. Whether you are in the US or Sweden or Palestine, Bitcoin provides you the opportunity to deal with other people without having to go through a third party.

In the case of Palestine, though, where the people are being subjected to rules and laws that may not really be of their preference, Bitcoin is a much more attractive option. In the face of an antagonistic authority, a currency that can't be censored is the better choice.
2922  Other / Beginners & Help / Re: Don’t Always Flaunt Your Wealth And Wallet Online on: September 29, 2022, 12:40:31 PM
It is not even enough to just say, "don't always flaunt your wealth." It appears as if it is completely all right to flaunt it sometimes or seldom. The truth is that it is never a wise idea to flaunt your wealth anytime. Keep your riches to yourself. For one, others won't be happy for you that you are becoming wealthy. And, of course, others would only think of ways to get that wealth off you. So whether this story is true or not, the lesson is there.
2923  Bitcoin / Bitcoin Discussion / Re: Buying Bitcoin CBDC on: September 29, 2022, 11:50:31 AM
With CBDCs, transactions are monitored for their movements, but I don't think they could be completely monitored for the reasons of the transactions. A certain amount of CBDC moving from one wallet to another may be known by the government but I doubt if they fully know whether it was for a kilo of potato or for a bag of corn or for a haircut or for a Bitcoin. There's probably still a number of ways to somehow circumvent the monitoring capabilities of CBDC issuers.
2924  Economy / Gambling discussion / Re: Will you change your mind on gambling ? on: September 29, 2022, 09:27:45 AM
At the start of the implementation of the new law, I might stop gambling. Normally, the strictest phase of policy implementation is when it is newly released. So I probably would cease from gambling. But as soon as I observe among other gamblers that they are freely gambling online without the authorities even noticing them, I might also try. But if I see that those who are violating the law by moving into online gambling are penalized, I might as well stop gambling for good.
2925  Other / Beginners & Help / Re: In future when crypto is everywhere how will we protect ourselves? on: September 29, 2022, 08:57:42 AM
Actually, I have already thought about this many times. To me, this is a real problem. And this has already happened to a number of people. So I think crypto robbery incidents would rise as adoption also rises. So if everybody is already his/her own bank, then it is indeed easier to rob a bank. This is the reason why I now prefer not to discuss about Bitcoin with other people, even friends and relatives.

When the day comes that everybody uses Bitcoin and keeps their wealth in Bitcoin, the question will always be, will you be a good bank? How safe of a custodian are you?
2926  Economy / Economics / Re: Inflation is a creeping beast on: September 29, 2022, 07:41:52 AM
The truth is that these large-scale investors and these large manufacturers and producers are not really suffering that much from the ill effects of inflation. You know what, I'm even amazed here in my country that despite all the economic downturns brought by the pandemic, the violence in Europe, the falling of our fiat's value compared to foreign currencies, the rising of prices, and so on, large businesses are registering high profit growth. This only means that however severe inflation is, these businesses thrive because all the burden is actually passed on to consumers.
2927  Economy / Gambling discussion / Re: About Casino Licenses on: September 28, 2022, 10:21:22 AM
^

Do you seriously think that if an online casino bought a license Curacao its users can be sure that it will not close tomorrow? The casino can be registered to a complete stranger as personal presence is not required to obtain a license in Curacao.

Just do not keep a large amount in the account and read the reviews on the casino, and then the issue with the license will be irrelevant to you.  

I am not saying this. This is a completely different story. I was speaking in general terms. A license means accountability. A licensed casino has strict terms and regulations that they need to abide with. Violations of which could mean fines, penalties like suspension, or even the end of their operation by way of cancelling their registration.

If we go into particulars, though, there are different standards. Curacao license is one that is easy and cheap to obtain.
2928  Economy / Gambling discussion / Re: About Casino Licenses on: September 28, 2022, 09:21:16 AM
It is possible not just to open a casino but to also operate it without a license. But it isn't legal to operate a casino that is not legally-registered. I have read comments before saying that there are actually casinos that operated first before receiving their license. I don't think this is the right sequence. I think for a casino to formally launch and open, a license is required. So a license should come first.

Yes, a license means trust and confidence of users. It also means protection and accountability. A casino that is not accountable to the law is a casino that is most likely to scam.
2929  Economy / Gambling discussion / Re: About Online casino/gambling projects on: September 28, 2022, 08:53:42 AM
I guess it's probably about management and whether there's enough patrons to sustain operations. But, yes, there are crypto casinos that have been in operation for many years, for almost a decade in the case of Primedice, for example.

Today, the competition has been elevated to a whole new level with the influx of new crypto casinos. Crypto gamblers are, of course, limited so crypto casinos are highly competing against each other. It's now a battle of features, perks and privileges, marketing and sponsorships, and so on. 
2930  Economy / Gambling discussion / Re: Parents And Their Children In Gambling.. on: September 28, 2022, 08:18:53 AM
Like father like son. That's it. I'm not saying Marcus learned his vice from his father, Michael, but if this is what he's doing, how could Michael lecture him about it? Michael is also doing it himself, if not in a highly different level, so could he tell his son to stop doing it because it is bad?

Anyway, it's their money. They have the freedom to spend it any way they want for as long as nobody is harmed in the process, although Marcus should have been penalized for violating laws. And, of course, we all know those large sums could have been spent in a much more meaningful or better way. But I'm respecting their choices of course.
2931  Other / Beginners & Help / Re: A Successful Journey of Crypto Awareness on: September 28, 2022, 07:39:45 AM
that's where I started to realize the usefulness of entering in this forum,
At first I didn't really like crypto, but after entering this forum, my bad thoughts about crypto were all gone,

and now I have started investing in crypto.
Actually theres also bad part in crypto some of us experience like investing on scam projects that are doing nasty business of rug pull. Yes the learning is great and we are still on midst of manifesting a lot of stuff but expectation shouldnt be so high that investing here could make us guranteed rich somewhere in thr future but if do it right. Could be easily achieved.

Sometimes, it really makes me wonder why people perceive cryptocurrency as a risky investment opportunity. I guess the entire playing field has already changed so much so that people don't anymore mind the purpose of cryptocurrencies or the real-world problems that they try to solve or whether or not they are practical. Today, cryptocurrency is seemingly treated as a new asset class in which people would choose a handful of coins or tokens out of thousands of them that they would think are the ones that would give them profit. I think this is not what cryptocurrency is.
2932  Bitcoin / Bitcoin Discussion / Re: Nuclear and gas fastest growing energy sources for Bitcoin mining: Data on: September 28, 2022, 07:07:43 AM
I'm not sure how much of the Bitcoin miners prioritize the environment over revenue, but I guess, while mining is for the smooth and secure running of the network, it is still business. People are not mining just for the sake of maintaining the network as if it's a selfless act. They're not mining all for the sake of mining. I think they want or need to earn. They're after profit. In line with this, miners will operate on cheaper energy and on what's abundantly available.
2933  Economy / Economics / Re: The economic effect of people flying from RF mandatory conscription on: September 28, 2022, 06:43:51 AM
I would run away to avoid conscription. Why would I leave a good job or a good business to kill other people who didn't do anything to myself, my loved ones, or even my country? Why would I leave my family just to sustain a crazy invasion? Why would I leave a peaceful and good life just to support a violence that I do not share and am even embarrassed of. Even if I don't really want to, I'd leave my country with my family and be at peace somewhere else.

However, this is somebody speaking who is probably looking at the current invasion with a different lens. I don't idolize Putin. I wasn't brainwashed. I am not subjected to its harsh rules and its implementation from the authorities. I am not living my day-to-day life listening to or watching propaganda from the radio or the television, respectively. To those who went through all this, however, he/she might be more than willing to kill or be killed.

If this movement will be massive, then it might indeed affect the country's economy in one way or another.
2934  Bitcoin / Bitcoin Discussion / Re: All I need to teach my employees about Bitcoin on: September 25, 2022, 05:58:51 AM
Why don't you also try to provide a Lightning payment option to your customers? Also, although I'm a user of Exodus myself, please be informed that it is not a totally open-source wallet. It has components that are not open-source. You might want to check out Bluewallet for Lightning payments.

For your employees, teach them about transaction confirmation so that they would know whether the payment is already there. They should know how to check transactions using blockchain explorers like Blockchair. For Bitcoin payments, why don't you just leave a QR code for it? It would be a lot easier for your customers.
2935  Economy / Gambling discussion / Re: Can i get banned for Card Counting in online casinos? on: September 25, 2022, 05:14:21 AM
You'd probably be banned if the casino noticed that you're winning much more often than the rest of the players. They must suspect that something is not right with your winning pattern. Casinos have the right not to allow undesirable gamblers. You'd probably be considered one if you're often taking away their money.

Anyway, card counting is more or less a thing of the past already with casinos usually using 6-8 decks per hand and constant shuffling with their automatic shuffle machines.
2936  Economy / Exchanges / Re: An interesting thought / discussion about exchanges without KYC on: September 25, 2022, 04:09:56 AM
For me, it all boils down to how much. While I value my personal information, a significant amount, say, $500, might actually force me to give them up.

It's a shame to share here that I actually complied KYC with HitBTC several years ago when my account was suddenly deactivated for being inactive for too long. Since I got a significant amount stuck there, I was forced to submit personal information. I used to chase certain tokens to their exchanges. That was way back when even the shittiest of coins would give you a lot of money.

But without a good amount at stake, I'd rather forget about my account than pass KYC. I abandoned my Binance account when they implemented KYC as a matter of requirement. I also forgot my funds stuck in my KuCoin account when I failed to restore it after I lost access to my 2FA.
2937  Bitcoin / Bitcoin Discussion / Re: The First Bullish & Bearish Market I Met. on: September 25, 2022, 03:24:17 AM
I came to know Bitcoin and bought my first amount in 2016. Those were good old days. I was there and ecstatic when the price rose to $20,000. I was more bullish than ever only to end up disappointed when the long bearish months and years followed. But I held on. I risked it all when I stuck with Bitcoin from $20,000 all the way to $3,000, although necessities also compelled me to convert a number of times along the way whether the price was high or low. Nevertheless, I remained a HODLer.

So this current bear market is more or less nothing to me. Back in my earliest years with Bitcoin, $20,000 was only a wish. But it happened in 2017. Now, in 2022, it is something that a lot is worried about. That's what I call growth.
2938  Other / Beginners & Help / Re: Solution to some challenges faced by bitcointalk members from developing nations on: September 24, 2022, 02:05:58 PM
One of the safest things to do is to keep your Bitcoin in a wallet that is self-custodial. The moment you bought your Bitcoin, keep it to a wallet such as Electrum and keep your private keys with you. Communicate with no one as far as your seed phrase is concerned. Keep everything a secret as much as possible. Don't tell anybody, even your family members and relatives that you own a certain amount of Bitcoin. Just keep all the information all by yourself, but in a way that in the unlikely event that you're gone, they will be able to retrieve your funds.
2939  Economy / Economics / Re: Iranian launching Crypto Rial on: September 24, 2022, 01:34:27 AM
Is this even a cryptocurrency? In any case, this isn't like Bitcoin. Bitcoin is gaining ground and has established a huge body of followers but it is mainly because of features that are most probably not found in this digital Iranian rial.

For one, this digital rial is not decentralized; it is issued, distributed, monitored, and controlled by the Iranian central bank. So while, just like Bitcoin, this digital rial could be used for cross-border transactions, this doesn't in any way represent freedom. I suppose only sanctioned transactions would only be allowed. The rest could easily be aborted or cancelled or rejected depending on the approving authority.
2940  Other / Archival / Re: Don't worry, bitcoin is cyclical on: September 24, 2022, 01:02:18 AM
It's just that a lot of people have a different mindset when it comes to the market cycle. But the fact is always that it's a simple case of up and down. We only need to look back and zoom out in order to realize this. Still, fear is being felt by many when the bears come. So this reminder to hang on and HODL needs to be constantly hammered on them until such point that they would no longer be bothered by successive red candles.

Just a few days ago, somebody opened a thread relating to this bear market. Accordingly, a bear market is a market condition in which prices decline over a period of time. This is also a time when selling is encouraged because of the instability of the prices. This, I think, is basically wrong. Unfortunately, however, this is a kind of mindset running inside the heads of many.
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