And rightly so, because Bitcoin is the first cryptocurrency, the most appreciated and trusted; the one that is most widely adopted and accepted by individuals, businesses, institutions, and even countries; the one that is truly decentralized.

I guess some Bitcoin supporters started to dissociate Bitcoin from cryptocurrency during the time when the crypto market has grown big and wide and already includes all kinds of centralized shitcoins that are actually a disgrace to the technology. They probably don't want to call Bitcoin crypto because Boobcoin and Beibercoin are also crypto. Surely, they can't be categorized together. That would be an insult to Bitcoin.

But Bitcoin is the genuine and original crypto. The rest should be the ones to be called with a different name.

Although fossil fuels are limited resources, I don't believe that they're actually running out soon. There have always been statements about it, perhaps bordering on propaganda. I have already heard about it in my elementary school days. Only to find out decades later that the price of crude oil can actually go below $0. And production has to be lowered down a lot just for the price to rise.

There are certainly influential personalities and institutions that have selfish interests involved in the proliferation of this information. But they're not actually walking their talk. Especially when it comes to protecting the environment, there are so many hypocrites. And then the alternatives aren't actually better.

With the advent of the VR technology, there might come a time when you can gamble in a casino, joining other players in a table, chatting and laughing with them, tossing chips, all while you are actually just lazily lying in your comfortable bed at home.

But, although it is interesting to imagine how gambling innovates and develops especially along with technology, I guess the classic way of gambling will always have its peculiar fun.

Corrections are to be expected every now and then. That's normal, especially considering that Bitcoin is freshly coming out of the bear season. Within this year alone, Bitcoin has already increased by more than 30%. To those who invested earlier, say, early in the last quarter of last year, the price has already grown more than 100%. So it is possible that there might be some who will take profit. There are always pragmatic investors.

However, it seems the buying pressure right now is very strong. Institutional investors as well as retail investors, and even those who just reacted to the FOMO, are enough for the supply from those who take profit to be quickly gobbled up. And remember that the effect of the halving is not yet priced in. $100,000 within the year is easy.

My opinion is that Bitcoin is cryptocurrency. It is a cryptocurrency. It uses cryptography and it is a currency. This is probably the reason why Satoshi didn't find anything wrong with calling Bitcoin cryptocurrency. As a matter of fact, Satoshi encourages the use of the term cryptocurrency to refer to Bitcoin.

However, while Bitcoin is cryptocurrency, cryptocurrency is definitely not Bitcoin. It's like a bird and a crow. A crow is a bird but a bird isn't necessarily a crow.

Bitcoin is itself both an open-source P2P money and a digital currency.

That's a good win. Congratulations! A $23 prize from a bet of less than a dollar, that's big enough. Although these are small bets, these are precisely the kind of bets that you don't have to take very seriously. Small bets, big odds, high risks. These are the bets that you can easily forget when you lose. But when you win, it will indeed surprise you. An 8-leg parlay and with total odds of 26.37, it isn't easy to win this kind of bet. Risking only a small amount for this is indeed wise.

I think Bitcoin isn't really a project that came into Satoshi Nakamoto's mind simply because of the financial crisis in 2008. The development of electronic money or digital cash has been in progress already for decades before that global economic crisis hit. Satoshi's work is but a part of this progress. If you look back at Bitcoin's forbearers and inspirations such as eCash, Hashcash, and others, they were already there prior to the crisis. So I think Bitcoin isn't a response to it.

Bitcoin is something that is not enforced by powerful entities such as the government. It isn't fiat. It isn't based on an order. In this sense, it is subject to the free market. That's probably the main limit of Bitcoin. Its success is at the mercy of the public. If the people adopt it, then it will be successful. If they don't, there is nothing Bitcoin can do about it.

If you're asking this with Bitcoin's fiat value in mind, there might be none, although the rise will be a lot slower when it's already high.

Of course, your phone can be a tool for money making. And in so many ways. The mere fact that it is a technology primarily used for calling or sending SMS means that you can make use of it to make money. And then you can also sell photos using your phone camera. You can also sell whatever stuff online through mobile apps or social media platforms. All of which can be accessed through your phone. You can make paid posts on this forum through your phone as well. You can also trade through your phone.

So, yes, I agree, there are so many productive things we can do with our phone. It's not just for monitoring other people's lives and sharing gossips and looking for the next guy or gal to hook up.

If I have my own way, casinos should be paying promoters directly to the wallets that the promoters themselves prefer. Of course, it's all up to the casinos. It's their decision. They're the ones hiring and dictating the terms anyway. But it's a bit sneaky to send the payments only to casino accounts. They're somehow taking advantage of the tendency of these promoters to gamble their payments rather than withdraw them right away. In the end, they could get back the money they paid. Besides, in this way, the promoters themselves would be paying the fees if they want to get their payments.

But it all boils down to self-control, of course. Nobody's forcing you to gamble your salary. 

You might be referring to Bitfinex. If I'm not mistaken, both Tether and Bitfinex are owned by one company. There were suspicions, much stronger in the past, that the funds used by Tether as its reserves are also the same funds used by Bitfinex in declaring its own proof of reserves. There's an intermingling of funds by both companies to boost their reserve numbers.

Anyway, both USDT and USDC are centralized. DAI is the more reputable option. But everything's pointless if you are using a centralized exchange anyway. If you are avoiding USDT because it is collaborating with DOJ, FBI, and other secret services, but you are using the likes of Binance, then you are actually not safer. Centralized platforms are also working closely with government agencies.

These appear as mere hollow words. I think the reality is more nuanced than this. It might not be as simple as this. This is like a line coming from an inspirational speaker or author, or from a psychologist or counselor doing some pep talk. The reality, however, is that there isn't a single formula.

Aren't you contradicting yourself by starting with an advice that "everything you need is within you" but ended up advising to "just look around, the solutions to your problems are just lying by the corner"?

There were already exchanges before Mt. Gox came into the picture, centralized exchanges. But, of course, the Bitcoin community at that time was small and close-knit. They probably knew each other and linked to each other in one way or another. So, at the start, it was purely peer to peer exchanges. Also, it was much easier to mine Bitcoin yourself. You don't need to have a powerful ASIC to be able to mine. So you can get fresh Bitcoin yourself.


There was also Bitcoinexchange.com, the platform developed by Martti Malmi, Sirius here. Sirius made the announcement about it on March 02, 2010. Satoshi supported the exchange himself/herself/themselves, and somehow even made sure that there's actually available fiat in case somebody wants to sell.

This is so like those pictures spreading online about everybody falling in line to buy Bitcoin at $57,000 and nobody was in the booth that sold Bitcoin at $16,000.

It feels like something is wrong when somebody reminds everybody else to start buying because the price has already risen. It's probably wrong timing if one is scampering to buy Bitcoin because it is already the bull run.

Buying is at its ripest when the price has fallen down a lot. Panic moments in the market are buying moments.

Or when there are strong emotions running in you. If you are depressed, you should not be gambling. If you are consumed with anger or with big problems whether at work or at home, gambling is also not the best activity for you. I think this would even apply to positive emotions. If you are extremely ecstatic or very happy over something, it might not be good to gamble. Strong emotions would only take away your concentration. They would make you unreasonable and careless, unmindful of your limits.

I know it's not. But Tether has always been controversial. I remember there was a bugging question as to Tether's reserve, or capacity to mint tens of billions of coins, for many years. They then released an audit report. But the report somehow raised more questions than answers. It didn't satisfy the public. It didn't allay their suspicions and doubts. It even questioned the reputation of the auditing party. But succeeding audit reports were released since then. This one is the latest. I'm not sure if this is the same auditing firm that first made Tether's audit years ago.

Although it's good to hear that some problems are already resolved, it seems the situation in your country as regards Binance remains highly volatile. You're the one who's in there so you can properly gauge the gravity of the situation, but is it possible that Binance will stop serving Nigerians any moment from now? In which case, even using VPN might be futile.

It's unfortunate that your government, your central bank in particular, is pointing fingers at the wrong actors. I don't understand why the likes of Binance, Kraken, and Coinbase are to be blamed for the falling naira. Whatever happened to financial and economic management and policies? People choosing cryptocurrencies is the result of the Nigerian naira fast losing value; it can't be the cause.

You're dropping such advice as if it's a very easy thing to do. To move to another country isn't as trivial as you made it sound. You can't just say, "Oh, my country has a very fertile land; I need to move to a barren country." Surely, it isn't as simple as that. That's your home country where you are born and grew up, where your parents and forefathers thrived and made a life. It is where your comfort is, where your friends are, where the language is native to your tongue.

This isn't also logical. You might end up trying to relocate to as far as Botswana or Mozambique or Equatorial Guinea. That's not only hard; that's next to impossible.

It seems there is this perception that cockfighting is somehow a dirty gambling while lottery is not. Cockfighting is frowned upon by many people and they even dislike others who are fond of it. But they probably don't find those who bet on lottery equally disgusting.

But what makes cockfighting worse than betting on lottery is that it could drain your money fast. In lottery, you don't have to bring so much money. As a matter of fact, you only need a few dollars to be able to bet. And it also doesn't take much time from you. Cockfighting, on the other hand, requires you to have more money and you will also leave your family to enjoy it.

If I'm not mistaken, closing of accounts on Binance is irreversible. So you probably can't just close and open and close and open an account as you deem convenient.

If your intention is to hide from tax authorities, then Binance is definitely not your best platform. Not only is Binance centralized and compliant to governments and their agencies, it is also keeping a set of your personal information. A mere request could mean information about you and your account, which you intend to hide, end up on your tax authority's table.

Further, just as others have pointed out, Binance retains your personal data. You agreed to this upon signing up. The minimum retention time is 5 years. So, in reality, it could keep it beyond that.