What will happen when only large institutions can afford to use Bitcoin's blockchain, due to rising fees? Won't this centralize the network if most can only trade bitcoin on centralized exchanges?
High transaction fees means bigger revenue and profits for the miners, so more miners will start mining BTC and the hashrate will get adjusted to another level. On the other hand, ridiculously high transaction fees will scare away many BTC investors and traders, therefore the demand for BTC will drop, which means that the BTC price will also drop. This will eventually lead to lower transaction fees. The market always finds ways to regulate itself. The level of decentralization of the BTC network doesn't depend of the number of users and companies, that are sending and receiving BTC. It depends on the number of active miners and nodes. However, I might be wrong about this, because I'm not a blockchain expert.  |
|
|
|
I’m always against on this kind of decision making especially if the one being subject is important part of your life which is wedding. You are postponing your wedding just because you invest your funds on crypto which you that is too volatile. Yes the market can give you profit but also this profit of yours can be deleted instantly once the market already correct which is inevitable for a pump like this.
I personally wouldn’t do this especially if everything is already planned and you are the only postponing it for the sake of some profit while you have enough funds for the wedding. You should only invest money what you can afford to lose because there’s no guarantee on crypto investment.
OP isn't writing about wedding. He's writing about marriage anniversary celebration, which means that he is already married(at least that's what I can assume). Spending money on stupid shit while you are financially unstable is counterproductive. OP's wife must understand that money doesn't fall from the sky (or doesn't grow on the trees) and making big expenses for unnecessary celebrations can have negative impact over the finances of the entire family. On the other hand, OP shouldn't be so confident about Bitcoin/crypto bringing him guaranteed returns. The crypto market is volatile right now and the price pump to 48K USD won't last forever. |
|
|
|
I've been wanting to ask a question to people who study different sports for a long time: what sport do you think is the most underrated in sports betting and why? Let me explain in more detail what I mean when I write about an underrated sport.
1. This may be a sport that most bookies don't pay attention to, but which you think is very promising.
2. The second point is much more important. Perhaps you think that there is a sport in which it is easier for you to make money on sports betting and other players pay little attention to this sport. Everyone bets on football, basketball, hockey and tennis. But there is a sport in which it is easier to make money. What are the features of this sport?
If it was easier to make money betting on a certain sport, all the sports bettors would find that niche and exploit it, so it would get saturated and it would becomes harder to make money betting on that sport. This is how capitalism works. Every opportunity for easy profits gets exploited right away. There's no magical sport, that will guarantee you easy money. It's hard to predict the outcomes of almost all popular sports. That's why they are popularized by the bookies. The big bookmakers don't accept bets for obscure and unpopular sports, because there won't be enough bettors spending money on those sports. |
|
|
|
Disclaimer : Some people will start saying that i'm a big blocker and i believe CSW is satoshi , and that's the reason i'm doing this so i have to make things clear .
I'm pro bigger blocks than btc's 1 MB ( i don't recognise segwit as bitcoin ) , i think that bch and bsv are closer to what bitcoin was meant to be . I'm not 100% certain that CSW is satoshi ( people in here have a problem understanding what 95% certainty means ) , he might be a good candidate but that doesn't mean that i take anything he says as granted . I seek truth and i want a bitcoin as imagined by satoshi and early devs to succeed .
So you are 95% sure that Craig Wright is Satoshi Nakamoto? Is that what you are trying to say? I agree that proof of identity is the first line of defense against fraud, but the problem is that this "first line of defense" can be easily bypassed. Faking KYC procedures isn't that hard. I get your point about the difference between authentication and proof of identity, but I don't get why are you posting this forum thread. Most people with a brain can differentiate authentication and proof of identity. You support BSV and BCH. Everyone has his/her own opinion and personal preference. Saying that BSV and BCH are closer to Satoshi's vision of Bitcoin is pure speculation, because Satoshi can't (or doesn't want) to share his current vision of Bitcoin and we can't ask him. Can you read Satoshi's mind or something? |
|
|
|
This might appear a mere or cranky question but yeee. Its been one of the interesting discussions raised by the average and vulnerable citizens in the country usually at when the masses feels the governments are playing over their intelligences and making caricature of them and yet this question keep staying questionable even after being answered.
Question: Why does the independent, developed and productive countries still borrows money from the World Bank even when they have enough to execute their excused reasons given why they have to borrows the money?
I am interested about this because in my country, we are independent and a productive country with revenues ought to be contented enough to execute the projects in demands of what they still borrows from the World Bank for and yet there is no economical improvements in the country instead we are running economical backwards.
Rich and productive countries don't borrow money from the World Bank. The rich countries are emitting government bonds and sell them on the global financial markets. Are you sure that the rich countries have enough money to cover all their needs? Many rich countries have big budget deficits, that's why their borrow money to cover their government spending. Otherwise they will have to raise taxes or cut government costs. The simple answer to your question is "because it's easier that way". It's easier to get into more debt, instead of trying to put your finances under control. Financial leverage is also a thing. Countries that have big levels of debt like USA, Japan, China and the UK look wealthier than countries, who aren't so well developed, but have lower levels of national debt. |
|
|
|
|
I don't have family members and relatives that are actively gambling, so my initial experience with gambling was totally different than yours.
I started gambling in the online gambling era and I've never visited any offline casino or gambling shop.
It's sad to hear that gambling can make relatives to hate each other. This is why I don't want to have any financial relations with my relatives, like borrowing money or giving loans, not just gambling. Money(greed) can drive some people into madness.
I don't understand your family environment. What kind of parent or uncle would start playing gambling games with kids? Isn't this a way to turn your kids into gambling addicts at a very young age? This looks like irresponsible behavior to me.
|
|
|
|
One of the main challenges is the transaction processing capacity. Currently, the Bitcoin network can handle a limited number of transactions per second, which can result in delays and higher fees during periods of high demand. This limitation has led to the development of solutions like the Lightning Network, which aims to improve scalability by enabling faster and cheaper off-chain transactions. Another challenge is the environmental impact of Bitcoin mining. The process of mining requires a significant amount of computational power and energy consumption, which can have negative implications for the environment. However, it's important to note that the Bitcoin community is continuously working on addressing these challenges to enhance the network's scalability and overall performance.what do you think?
OP, why do I feel that your generic forum post has been copied from somewhere? The so called "environmental impact" of BTC mining has nothing to do with BTC mining. The BTC miners cannot be blamed for consuming electricity, which is was produced by burning coal. The "negative environmental impact" of BTC mining would be zero, if all BTC miners start buying and consuming "green energy" only. Green energy is getting cheaper year after year. Yes, the BTC blockchain can't handle the same amount of transactions as the fiat payment systems. And so what? Bitcoin will keep serving as a "digital gold" rather than a digital currency. I don't see this as a problem. You have alternatives. Use them instead of BTC. |
|
|
|
Do you believe in Luck? If so, how do you describe your perception of this concept?
How lucky do you think you are from 1 to 10?
Does your sense of luck in regular life correlate with your luck in gambling?
Do you believe that some special things or actions can increase your luck? Who doesn't believe in the concept of luck? I've never seen people, who don't believe in luck. Luck cannot be measured and my perception of it is completely subjective. Sometimes you can have big luck, sometimes you don't have any luck at all. This is completely random and cannot be measured by any normal person(maybe some genius mathematician could measure it). I'm not superstitious, but I do believe that some logical actions can increase your luck a little bit. Buying a lottery ticket increases your chances of winning the lottery, because if you don't buy a lottery ticket, your chance of winning the lottery is an absolute zero. |
|
|
|
There is these news going round about blue card sin-bins that is said to be introduced as one of the rules in football. Basically the whole idea of this blue card sin-bins is to punish players that have committed foul against another player, so when the referee shows you blue card, you are to go outside and stay for 10 minutes while the game will still be going on, you will remain there for 10 minutes then you come back afterwards and continue with the game, however this does not take the place of yellow card and the red card. Locally in my country Nigeria we used to do this for small goal post that is normally called monkey post, if a player tackles his opponent wrongly, we used to tell the prayer to go out and stay for some minutes and then come back, because it's most times a five aside game, so we don't usually use cards. but seeing these rules wanting to be introduced on the international scene surprises me. So guys how do you see this new intended innovation, is it going to change the face of football across the world, let's have your opinion. https://www.telegraph.co.uk/football/2024/02/08/blue-cards-to-be-introduced-for-football-sin-bins/Why do you post this topic in the Gambling Discussion forum? This topic doesn't have anything to do with gambling(unless the bookies decide to open bets about which player is going to receive a blue card). I think that such change would make sense only if the blue card replaces the yellow card or the red card. Otherwise, this would be yet another tool used by corrupted referees to manipulate the results of football games. The implementation of VAR didn't improve the overall fairness of football, I'm sure that the implementation of a blue card won't improve football as well. The referee will have to decide whether the foul is hard enough for a yellow card, blue card or a red card, which will bring more confusion and more hatred towards the referees. |
|
|
|
Because the economic situation in some regions of the world continue to worsen, politicians are using newly invented economic terms like "Shrinkflation" to to blame the companies as being too greedy, and to "rationalize" the effects of printing too much money and having too much debt - that the government may never repay.
I believe as Bitcoin HODLers, we should welcome more money-printing because Bitcoin will absorb some of that excess liquidity, and make the price surge. But it should also make us more distrustful of the policy makers because they know there's no "Shrinkflation", only inflation and the negative effects of money-printing.
"Greedflation" is another term I stumbled upon last year. I guess that by shrinkflation you mean greedflation. Shrinklfation is when a company sells less quantity of a product at the same price, instead of rising the price for the previous quantity. Greedflation is when companies raise prices only for the sake of making bigger profits and using the overall inflation as an excuse to raise the prices. Their production costs didn't change that much, but they keep raising the prices for the consumers. The banks and telecom companies in my country want to increase their prices, even though their costs didn't change that much. This is pure greedflation. |
|
|
|
BTCHello frens BTCIf you enjoy gambling but want to avoid the risk of losing your money, we have the perfect solution for you. Visit our website and visit BCH.Games. BCH.Games has an integrated faucet, which allows you to gamble with small amounts of crypto. Thank you https://www.bitcoinsguide.org/betting 1.If you are serious about promoting this BCH.games website why don't you make a proper announcement thread? 2.Why don't you post a direct link to this BCH.games website? Is this bitcoinsguide.org website yours? 3.I highly doubt that serious gamblers would bother using a crypto faucet and betting 0.00001 BCH on gambling games. 4.I don't want to visit BCH.games because it doesn't seem trustworthy. Do you support BCH only? 5.The idea of having a crypto faucet integrated in a crypto casino isn't original at all. I know many crypto casinos that have faucets, even though having a crypto faucet in a crypto casino is somewhat useless. |
|
|
|
Hopefully it's possible for Bitcoin to become a cashless system in the future it! Bitcoin is a cashless system by default. I don't know what do you mean by this sentence. Do we really need a cashless society? What happens with the cashless payment systems when the power grid collapses and there's no electricity? Nobody can buy and sell anything? No government in the world would use Bitcoin as the foundation of a cashless system. The governments would rather use their own CBDCs instead of Bitcoin or any other cryptocurrency. I agree that the Lightning Network should be improved and become more user-friendly, but let's not forget that LN is a centralized off-chain solution and we shouldn't rely that much on centralized off-chain methods to transact BTC. |
|
|
|
The current POW relies on computing resources or storage resources, which will bring relatively high costs to maintaining the hash rate. Once the mining revenue decreases, miners will quit and the security of the network will also be reduced. More miners quitting would mean that the mining difficulty will be adjusted to lower levels, which means that mining will become profitable again, therefore more miners will start mining again, which will increase the mining difficulty. I'm not the biggest expert in this field, but I don't think that the quantity of miners has anything to do with the security of the network. If you have a genius idea about using crypto mining resources for something useful(other than producing cryptocurrencies), why don't you try to build a crypto mining business and implement your genius idea? By the way, I actually didn't understand your idea. Maybe you should elaborate more on this subject. |
|
|
|
|
At the end of the day gambling is all about luck. You could try to apply different "strategies" in order to somewhat "control" your luck, but no gambling "strategy" will work if you don't have any luck at all. Parlay bets are fun, but I just don't expect to win any money out of them, because predicting the outcome of 5 or 10 games is like winning the lottery. In my last parlay bet, I was expecting Liverpool to beat Arsenal, but Arsenal won 3-1. The games on the Premier League are very difficult to be predicted, because the Premier League is very competitive and even the best teams like Manchester City, Liverpool and Arsenal are losing games against the weaker teams. Maybe that's why i should avoid making parlay bets on Premier Leagues matches.
|
|
|
|
You always hear the pundits saying that the rise of inflation suppresses the price of risk assets such as stocks and bitcoin, as interest rates are pushed up in an attempt to control inflation.
But if bitcoin is a hedge against inflation then shouldn't the bitcoin price rise when inflation goes up instead of going down?
I'm guessing the answer would be that inflation causes bitcoin price to go down in the short term, but in the long term causes it to go up? If so then why?
Nope, inflation doesn't suppress the prices of risk assets. The attempts to fight inflation(interest rate hikes) are what suppresses the prices of risk assets. Inflation means having excessive amounts of fiat money in circulation, which causes the prices of everything to go up. Certain assets like Gold, Real Estate and probably Bitcoin are being viewed as a "inflation-protection" assets, because they preserve their value in times of inflation. This means that their value/price does up with the same ratio as the level of inflation. In the short term, the Bitcoin price determined by the demand for Bitcoins, not by the overall inflation levels. |
|
|
|
1. Increase in Petroleum products, the increase in fuel , diesel prices automatically increases the price of transportation and distribution of goods across state boarders.
2. The forces of Demand, when there excess demand for a product, an artificial scarcity is created which places value on the product. This scarcity is artificially created by two means - There could be scarcity created by shortage in the production and distribution process or short of the product in the market over a period of time.
3. Supply Chain, the supply forces are most times influenced by the increment in petroleum products and other motor body parts, the cost of transportation as the major means of distribution and supply greatly affects the price of goods , which makes it hard for individuals to easily purchase such products. 1.How do you plan to regulate petroleum prices, since they are "regulated" by OPEC+? Nigeria also exports oil, so it benefits from high oil prices just like the OPEC+ members. 2.Excess demand for products is created mostly by the money printing machines of the central banks. There's no point regulating prices of consumer goods, when the money printing increases the demand for products artificially. The solution is "regulating" the central banks and stopping the money printing machines. 3.How can you regulate disrupted supply chains? Sometimes, supply chains can be disrupted by other factors-political, technological, even environmental. Imposing "regulated" or controlled prices over consumer goods and services in a pretty dumb socialist policy. |
|
|
|
|
Inter deserved to win against Juventus. The Polish goalkeeper(I forgot his name) saved Juventus from a bigger defeat. I can't see who is going to compete against Inter for winning the Serie A trophy. They have six wins in a row and are obviously in great shape. Juventus relies mostly on Vlahovic for scoring goals, so they have big problems, when Vlahovic can't score. I've always disliked Massimiliano Allegri as a coach. I don't know why he still isn't fired as a Juventus coach. Napoli and AC Milan are weak and inconsistent as well, so no team in Italy is going to stop Inter to win Serie A.
|
|
|
|
There's no way achieve 100% safety. It doesn't matter if you are going to use hardware or software wallet. What if you lose your hardware wallet? What if the hardware wallet breaks? I've never heard about this Freewallet software. No legit software wallet is going to ask you for an email, because emails can get hacked. The software wallets are usually asking for password only(and they ask you to remember and store your seedphrase somewhere safe). I just don't get too obsessed with the safety of my Bitcoins. Otherwise, I will freak out. I wouldn't bother buying Trezor unless I have 10 million USD worth of BTC. And I will probably have to put the Trezor wallet in a safety deposit box and dig it somewhere in my backyard. |
|
|
|
Carbon is not the commodity, it's carbon credits, so you don't get paid to produce CO2, you get fined for producing!
I'm not the biggest expert in this field, but carbon credits are not a fine. You are just obligated by the system to buy carbon credits, if you are producing lots of carbon emissions. Some "green idiots" have decided that CO2 is bad for the environment, even though the plants and trees consume CO2. The excessive amount of CO2 produced by the industry is what created global warming(that's what the "green scientists" are saying). There's no discussion about other possible factors causing global warming. Anyway, all the countries that accepting carbon credits trading has done this voluntarily. If some underdeveloped country thinks that carbon credits are stopping it's industrialization, that particular country could simply out of the carbon credits trading system(this will probably have some negative consequences, but I'm not sure about that). |
|
|
|
|
Is there an option to report Ads on Facebook and Instagram? I'm asking this because I've deleted my Facebook and Instagram Ads several years ago. I'm sure that there must be an option to report ads, that are promoting sketchy products and services. Gambling ads shouldn't be allowed on big social media platforms. Why would anyone deposit money on a shady, obscure sports betting platform, without checking the reviews and feedback about that platform? Such scams will continue to exist, as long as there are greedy and gullible people, who are falling for this sh&t.
|
|
|
|
|
Show Posts
