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3821  Economy / Economics / Re: Simple reason why crypto is preferred over fiats on: October 15, 2021, 02:31:48 AM
That's because no single person or group of persons is or are in control of Cryptos, it's called Blockchain technology

There are more than a handful blockchains in the crypto world, one more controlled than the other.

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It's a decentralised system meaning money sent or received from or to an account can be seen or monitored by everyone or anyone who wishes to

The meaning of decentralization is not that "money sent or received from or to an account can be seen or monitored by everyone or anyone." That's the meaning of transparency. Bitcoin has a public ledger so it is accessible to anybody.

Decentralization in Bitcoin simply means it has neither a central authority nor a central server. Its ledger is distributed. 

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So stealing with Cryptos is almost not possible

Very possible. It has happened in the past countless of times and will happen in the future. However, the point of failure is not in the network itself; it is somewhere else. You do not steal Bitcoin from the network, you steal it from wallets.
3822  Economy / Gambling discussion / Re: Poker Tips- what kind of strategies do you use when playing? on: October 15, 2021, 01:53:12 AM
Though really, if all your opponents were people who played it safe, why bother playing just leave the table imo.

No, don't leave the table. If your opponents are like that, it means they are predictable. You can easily read their plays if they are always staying safe. They won't raise if they got a bad hand, for example, so you need to stay away once they start raising bigger amounts.

These are also the kind of players you can easily bluff in poker. You put a good raise and they will fold immediately. If you think you have the stronger hand, you can also easily catch them by simply calling every time they raise and then raise or even all-in in your last bet. They'll either be scared or they'll fight their weaker hand.
3823  Economy / Service Discussion / Re: www.ratexbet.com on: October 14, 2021, 04:17:13 AM
I cannot access the site. But, just a rule of thumb, as much as possible avoid services provided by young and unpopular sites. Ratexbet.com is just 8 months old, with very low traffic, unknown in casino review sites, pretty much unheard of even in this forum, and so on.

If I were you, I wouldn't be sending funds in a casino which has yet to gain trust from gamblers. I wouldn't also be playing in a site whose fairness is yet to be established.
3824  Economy / Service Discussion / Re: Did I make a mistake? on: October 14, 2021, 03:40:31 AM
Lol, your post sounds like you are just trying to advertise your own site and probably want us to click that affiliate link of your. You can't make any deposit to the "link" you added to your post. Anyway, if you are serious, and can't see your deposit, why are you asking here? This isn't the bitstarz support forum. Go contact their support and ask them what happened. Send them txid as proof.

I don't think OP is in his/her right mind if he/she is promoting his/her own site this way. He/she is basically saying his/her money has not yet arrived even after depositing it three days ago. That would be a suicide promotion. In effect, OP is discouraging rather than encouraging potential clients. He/she won't be making any affiliate earning this way.

I’m completely new to crypto and have no experience with transfers, transactions, etc. whatsoever. I entered the world of crypto as it was the payment method recommended by the company I started working for. And now I’m totally confused.

Why did you even accept the recommendation when you knew nothing about it?

Anyway, you should contact the casino. Tell them your case. But just so you know, that casino has an account here and it has so many red tags.
3825  Economy / Exchanges / Re: exx.com; what is wrong? on: October 14, 2021, 02:59:50 AM
The complaints against exx.com are countless and almost as old as the exchange itself. I don't even understand how they still exist until now. Perhaps it is their fake volume and shitcoin listing that made them survive.

But I wonder how you ended up with this scam exchange. Of all the exchanges that could possibly be available to you, why on earth did you even choose exx.com? I will not be surprised if the exit scam accusations against this exchange have finally happened.
3826  Economy / Economics / Re: Investors Spent Millions on 'Evolved Apes' NFTs. Then They Got Scammed on: October 14, 2021, 02:31:09 AM
Well, who am I to say the buyer is stupid and I am not?
Who are you?  You're you.  And we're constantly judging things and people every day, whether we like to think of ourselves as judgemental or not--it's just the way humans are.  And if you think NFTs are stupid, I say acknowledge that thought or else you might up thinking the emperor is wearing clothes when in fact he is not.  Sometimes you just have to call a spade a spade.

I definitely think NFTs are not worth buying, but that's something personal. I'd rather withhold my judgement as to the rest who are actively participating in the NFT market. I am certain they see something which I do not. As I've said, it is a matter of perspective. I'd call myself stupid if I buy one of those expensive pixelated CryptoPunk collectibles, for example. Perhaps that's because I don't have any idea what to do with those. But I avoid judging others when it's possible it could be me who is the clueless one.

The NFT market is rather colorful and interesting with the likes of Jack Dorsey, Snoop Dogg, Paris Hilton, CZ, and other personalities buying and selling NFT pieces by the millions. I honestly don't know how they look at what I see as a fool's market.
3827  Economy / Economics / Re: What will be the effects of China's central bank declaring all crypto illegal? on: October 14, 2021, 02:08:30 AM
This is going to become a cat and mouse game. Let's see how good China is in monitoring their citizens all over the web. It is easy for a totalitarian state to restrict its people's movements in the real world, but it's quite different when it comes to the online universe.

I don't think the Chinese people are that naïve as to do and say everything the CCP tells them to even in their online lives. China's rulers will definitely be not as successful in the online world in terms of control. The Chinese Bitcoin supporters won't stop buying or HODLing Bitcoin simply because the country's central bank declares it illegal.
3828  Bitcoin / Bitcoin Discussion / Re: What problems face Bitcoin? on: October 14, 2021, 01:18:17 AM
As far as Bitcoin's infrastructure is concerned, there is really not much problem. I guess the main problem is that the network is prone to congestion, and when that happens the fees will rise to terrible heights.

As regards volatility, public perception, lack of regulation, and so on and so forth; these are not problems in the infrastructure of Bitcoin. These are external problems. These are not Bitcoin's problems at all. However, it is unfortunate that they also contribute significantly to Bitcoin's slow adoption pace.
3829  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: MyEtherWallet help! Can't send token , "execution reverted" on: October 13, 2021, 04:15:32 AM
Thanks, noorman0, for mentioning me. But that was a long time ago. I cannot remember everything. I think I didn't proceed with that transaction.

Anyway, OP, which particular token are you trying to send? I suspect the case is about tokens being locked for a certain period of time. I think I experienced the same. If you have already tried sending the same token using different wallets and increasing your gas fee but the same execution reverted error pops out, it might be what I suspect.
3830  Bitcoin / Bitcoin Discussion / Re: What to do with whales? on: October 13, 2021, 03:54:29 AM
Is there any way to deal with the high degree of centralisation that Bitcoin has?

First and foremost, to be clear, this is about centralization of Bitcoin as a native currency and not of Bitcoin as a network itself. Bitcoin as network remains decentralized whether the large bulk of BTC are in the hands of a few or well-distributed across the community.

As to what we can do to the current status, I don't think there's something we can do about it. But there is definitely a way for things not to get worse. I guess it helps that retail Bitcoin investors be properly educated of the potential of Bitcoin itself. If they remain as mere speculators, as pure Bitcoin investors who are only after the money they could gain from its price appreciation, they are more likely to sell upon profit. In which case, they are most likely selling to the whales who are acquiring and acquiring without selling. This is the reason why Bitcoin is focused on them. It is not only the fact that they can afford.

But if small-time owners of Bitcoin learn to HODL in good days and bad, this centralization wouldn't become worse. Furthermore, if Bitcoin consciousness becomes more widespread and new retail Bitcoin owners would begin to stack Sats little by little instead of selling, this situation wouldn't get better.

In the long run, however, a stronger demand will neutralize the impact of whales suddenly selling in bulk.
3831  Economy / Service Discussion / Re: Binance's 'Un-Ethical' changes. on: October 13, 2021, 03:13:59 AM
The tightening initiatives of Binance just recently are not really an issue of ethics. There is nothing ethical or unethical of their policies of late. In the first place, there is actually no intention from Binance's end to give their customers a hard time. I guess, had they been given enough freedom, they would have kept their old policies rather than impose stricter ones. However, Binance has not much choice. They have to operate within the bounds of law. As a matter of fact, on the contrary, it would be more unethical of them if they chose to disregard the law and operate solely on their own terms.
3832  Economy / Economics / Re: If printing more money is inflation then why printing more gold is not? on: October 13, 2021, 02:46:34 AM
It seems you are raising a number of issues. Anyway, a couple of points:

  • Money printing does not necessarily cause inflation. It is also not the main reason for inflation. Also, inflation is not to be entirely avoided.
  • Gold's use is not solely limited to its being a store of value. You're definitely wrong in saying gold has no use in real life. Gold is important in electronics, for example. Therefore, gold and cryptocurrency are not really competing against each other within a single market such that people have always the option to either go for gold or crypto.
3833  Other / Beginners & Help / Re: Reasons why I like bear market on: October 13, 2021, 02:17:03 AM
Yeah, those are correct. That is why a bearish season and a bullish season always compliments each other. Bear and bull cycles are always part of the whole.

What you missed on your list is that a bear market will shake off the weak hands. A bear market every once in a while is actually healthy; it helps the market become stronger and more solid. It is an opportunity for the market to purge the spaghetti hands. It is a period in which Bitcoin is transferred to the diamond hands, those whose belief in Bitcoin is much stronger than others.
3834  Economy / Gambling / Re: There isn’t a poker room you could win at ? on: October 13, 2021, 01:48:25 AM
You are not playing against the house; you are playing against other players.

In every game, regardless of whether you win or you lose, the house will always have its standard commission fee in percentage from the pot. So the issue here is not beating the house. You cannot beat the house because it is not playing in the first place.

You better look for some other poker sites with the lowest rake. But why are you complaining when you said you could easily win against other players?
3835  Bitcoin / Bitcoin Discussion / Re: Would you quit Bitcoin if a shitcoin like Ethereum surpassed it? on: October 13, 2021, 01:22:13 AM
I wouldn't quit. Why would I? What then if Ethereum surpassed Bitcoin? Does that make Bitcoin inferior? Of course, not!

Anyway, do you think majority of the people care about putting their money on what you call shitcoins? You have to remember that of the $2.3 trillion cryptocurrency market cap, at least $1.2 trillion of it is in altcoins. So I don't think majority of the people are putting primary consideration to the fact that Bitcoin is the only cryptocurrency which has a truly decentralized blockchain. Many of them are looking at crypto as an investment market. There is no other reason why the likes of Dogecoin and Shiba Inu are occupying top spots and have billions in market cap.
3836  Bitcoin / Bitcoin Discussion / Re: What if all the money in the world entered the cryptocurrency market? on: October 12, 2021, 04:30:46 AM
If, and this is clearly a question of if, all the money will enter the crypto market, the first beneficiary will be Bitcoin. That's probably more than enough for Bitcoin to reach a million USD. How probable is this, though? I'd say it has very low probability. Money may, or perhaps will, completely turn digital but there will probably never be an exodus of fiat money into the current crypto market that we know of. That's for as long as government systems will continue to prefer that control over monetary policies be upon them.
3837  Other / Beginners & Help / Re: Stuck between two decision on: October 12, 2021, 01:53:03 AM
I have a good paying job that comes with lots of incentives I have been working here for quite some time now but my issue is that this job is very much demanding and my boss is very strict. I barely have time to rest and for now I can't afford to quit because it's just the key source of livelihood for me.

Which is more important to you, that you have a good-paying job that is demanding or a low-paying job that is not demanding? I'm not saying all good-paying jobs are demanding but I guess a higher salary is almost always implying higher responsibilities. You can always look for a new job, though, one that offers a decent pay and a more relaxing setup. But I'm afraid you mustn't leave your job while there is nowhere to transfer to yet. 

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How long would it take to master a course in Blockchain development and is it a good option for someone who choose to take up a career in tech?

I haven't mastered blockchain development so take this as a mere opinion. But I guess it will take some time. You cannot master anything overnight. But if your background is somehow related and you don't even have to start from scratch, then I guess you will have a shorter route. Either way, it oftentimes just a matter of time management and determination.
3838  Other / Beginners & Help / Re: How to spot an investment scam on: October 11, 2021, 02:53:24 AM
It is actually easy to spot an investment scam. You only need to be skeptical and that's it.

If I were to generalize to make sure you are safe from all kinds of investment scams, I would just say, stay out of every investment opportunity offered online whether by ads, people you don't know, reviews, and so on and so forth. Just stay out, whether the ROI is too good to be true or not. Just say no to investment offers whether they came from Elon Musk, Barack Obama, Jeff Bezos, Theymos, Satoshi, and others.

If you want to invest, buy Bitcoin yourself.
3839  Economy / Economics / Re: Taiwan invasion - how would it affect bitcoin on: October 11, 2021, 02:01:24 AM
I don't think there will be an invasion anytime soon. Although it is true that China could easily take Taiwan by force if they intend to do it, China is also very much aware how it won't happen without fighting against allied forces as well. And that wouldn't be easy for them. That is a war that wouldn't be worth it. Not only would China fail, they will be humiliated.

As to its potential effect to Bitcoin, I guess there won't be much unless it will become a full-blown war, which I don't think will happen. The China-Taiwan tension has been around for some time. The tension rises and falls but it never escalated into a war.
3840  Economy / Exchanges / Re: Is Inanomo exchange to be trusted? Supucios reviews possible SCAM on: October 11, 2021, 01:12:10 AM
It is very common for all kinds of sites and platforms to have fake reviews. But you know one when you see one. Sometimes it is quite easy to tell which one is a paid one and which one is really coming from a user.

But, generally, I'd rather not take the risk and use an unknown exchange. If there are complaints in the most trusted and popular exchanges, you can expect much more of it in an unknown one.

Inanomo has been around since 2018 and yet they don't even have data on CMC and didn't make it to coingecko as well.
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