Bitcoin Forum
June 30, 2024, 12:02:08 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 [209] 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 ... 509 »
4161  Economy / Gambling discussion / Re: Madness/Insanity in sports betting/gambling on: March 27, 2021, 05:32:55 PM
I think that the word 'mad' is very unclear. There are people with various disorders that make some of their functioning more different from that of other people. And also people call someone mad when they don't understand the logic behind someone's actions or think that this person's decisions are too risky. It is also true that a person who isn't, for instance, neurotypical, can succeed at some things better because of seeing the problem differently and offering creative solutions. And a person can be genius at one thing, but have mental struggles with other things (take John Nash as an example; he had schizophrenia but was also a genius mathematician and got a Nobel Prize in Economics)
You're saying it's a trend, but could you provide some links to see how it really looks like?
4162  Bitcoin / Bitcoin Discussion / Re: Is the Nigeria Central bank confusing its citizens? on: March 27, 2021, 04:49:50 PM
I think that the bank doesn't want people to use cryptos, and that's natural. After all, cryptos show how people can make financial transactions without a bank, and how they can be fully in control of their money. However, I still don't think that the Central Bank is authorized to introduce a legally binding ban of cryptocurrencies. What they can do is make statements and close bank accounts, but it has to be either the government (and the Minister of Finance seems to be on it already) or the Parliament to introduce the legislation which would actually regulate cryptocurrencies. So now the bank is backing from the initial statement because it cannot enforce a ban, and also because it wouldn't want to fall out of favor of the Minister of Finance who said they'd be looking for a way to regulate cryptos rather than ban them.
4163  Bitcoin / Bitcoin Discussion / Re: Satoshi Nakamoto's first post sale on: March 27, 2021, 04:25:49 PM
Imagine that Satoshi Nakamoto reappears and wants to auction his first Bitcoin Talk post as an NFT

https://bitcointalk.org/index.php?topic=5.msg28#msg28

At what price do you think it would be sold?

Of course, with a proof that it is him and he who sells it.

 Cheesy
That's an interesting question, and I actually think it's possible to make reasonable estimates. For instance, Jack Dorsey's first post on Twitter was recently sold for $2.9 million. Twitter is way more popular than Bitcointalk or Bitcoin, so I think the price for Satoshi's tweet would be definitely lower than that. Twitter has around 192 million users. According to these estimates, a number of people using Bitcoin is 106 million. The difference is actually not as big as I thought it would be, but I think that the amount of users can be taken to make an estimate of popularity and thus financial interest in the first post, so I'd say the post would be sold for around $1.5 million. But of course, the auction would be in BTC, so the amount in BTC would be around 27 bitcoins.
4164  Bitcoin / Bitcoin Discussion / Re: Bitcoin scarsity, the reason it's worth hodling bitcoin on: March 27, 2021, 03:58:53 PM
I think there are important nuances to be made here. For instance, while Bitcoin is scarce, and it is related to its price growing over time, merely being scarce is not enough to be of interest to people. On the other hand, something can be way more abundant but generate more income and cost more per item. Imagine a famous author who writes a great book, sells the book at $15 per item and sells 2 million copies. And then there's a writer wannabe who writes a boring book, prints 1000 copies and sells the book at $5 per item. His book isn't popular, so he doesn't even sell 1000 copies of it, whereas the first author sells 2 million books and has another million of them in print. It's clear here that the wannabe's book is way more scarce than the book of the popular author, and yet the prices for his books don't rise and are actually lower than those for the books by the popular author, even though the 'supply' is lower for the wannabe author. The point is, scarcity doesn't guarantee the price rising because if there's low demand for a scarce resource, its value isn't going to rise.
4165  Bitcoin / Bitcoin Discussion / Re: NFTs on Bitcoin? on: March 27, 2021, 12:34:06 PM
Bitcoin is already overhyped and there are problems with transaction fees. I think Ethereum is a perfect platform for NFTs because it's more flexible than Bitcoin and is very useful for smart contracts. So no wonder that ICOs in 2017 and NFTs nowadays turn to Ethereum because that's what this platform is good for. I don't really get how NFTs became so popular and why people are willing to pay so much money just to be able to say that they're owners of some digital art. However, it's a good way to support gifted creators, and it's an unexpected use case of blockchain technology, so I don't mind them. Ethereum is a platform for smart contracts, Bitcoin is a crypto you can pay with or store your wealth in.
4166  Bitcoin / Bitcoin Discussion / Re: my gripe with the term "crash" on: March 26, 2021, 05:54:49 PM
As a native speaker, surely you're aware that words can have multiple meanings, and 'crash' is no exception to this rule. According to the Cambridge Dictionary, one of these meanings is 'to fail', and the following example of usage is suggested in the dictionary:
Quote
Investors were seriously worried when the stock market began to crash.
So it's not just us non-native speakers using the word in a wrong way.
And I also disagree with the part about the price decreasing because of the whales. For instance, the price crashed on March 13, 2020, due to WHO announcing the pandemic, so various events can lead to the price changing.
4167  Bitcoin / Bitcoin Discussion / Re: Government ban on crypto on: March 26, 2021, 05:39:46 PM
I think a chance of Bitcoin being banned by the government largely depends on the following factors: how democratic the country is, how widespread the usage of cryptos is and how many influential politicians and entrepreneurs use cryptos. The US is a strong democracy, crypto business is blooming, and crypto usage there is high, so there's a very small chance of cryptos getting banned there. But less democratic countries, such as China, can bad cryptos even if there's high interest to them among the population. So it depends on the country and the circumstances.
4168  Economy / Gambling / Re: Introducing Block Party Poker on: March 26, 2021, 05:14:16 PM
The website was loading for about 10 seconds in Chrome for me, which is way longer than usual but better than what others said about the website not loading at all.
It also needs some improvements when it comes to grammar and phrasing. For instance, the paragraph about the website says the following:
Quote
Block Party Poker is a play money poker site. Chips have no value and there is are no prizes are withdraws.
Oh, and while it's the 'About' page of the website, it says '/#contact' in the link.
When registering, there's no button to agree with the Terms and Conditions, and I couldn't find them on the website at all.
Good luck!
4169  Other / Archival / Re: 🤷‍♂️ Bizarre activity at 🤦‍♂️👽 NitroBetting.eu- Changing min bet to 1BTC?? on: March 26, 2021, 04:54:41 PM
If you deposited money onto a website but didn't like the minimum bets and low RTP on slots, I don't understand why you deposited a few hundred dollars on this website once again, but that's in the past and doesn't require a discussion.
They have the right to make whichever minimum bet they see fit, and you can simply choose a website which offers different conditions. So while these changes with minimum bets sound shady and the support's responses are rude, it's not technically scam. Since Nitrogenbetting is owned by Nitrogensports, you can try to contact them on Bitcointalk as well.
4170  Economy / Games and rounds / Re: Sportsbet.io - "UFC 260 Multi Master Challenge" on: March 26, 2021, 03:13:16 PM
10)  Francis Ngannou
9)  Vicente Luque 
8 )  Sean O'Malley
7)  Miranda Maverick
6)  Khama Worthy
5)  Alonzo Menifield
4)  Abubakar Nurmagomedov
3)  Michal Oleksiejczuk
2)  Shane Young
1)  Marc-Andre Barriault

109 total strikes
4171  Alternate cryptocurrencies / Altcoin Discussion / Re: Why do we need Litecoin when we have Bitcoin Cash? on: March 25, 2021, 12:39:00 PM
Real question, Bitcoin cash does it all and better with a stronger backing. Why Litecoin?


Litecoin has been around for 10 years, so it's an old and reputable cryptocurrency which people closely associate with Bitcoin. It's not a rival of Bitcoin, it's just a friendly modification that was by Bitcoin's side for all these years. So I think that Litecoin will always be a popular choice for those who support Bitcoin but are open to trying something else if it helps with the fees, for instance. Bitcoin Cash, on the other hand, is clearly a rival of Bitcoin, and its creation threatened Bitcoin from the very beginning, putting its integrity at risk and splitting the community into believers and non-believers. So people who support Bitcoin aren't very likely to turn to Bitcoin Cash, while they can be quite open to Litecoin.
4172  Bitcoin / Bitcoin Discussion / Re: Bitcoin is the central bankers trojan horse out of fiat. on: March 25, 2021, 12:32:28 PM
Who will own all the coins in the end?
Who can buy all the miners right now?
Who can buy all the coins right now?

The central bankers.
They simply cannot. If there's rapid increasing interest to buy cryptos, they'll skyrocket in value, and it would cost more and more to actually purchase a significant amount of it. Moreover, 'central bankers' aren't some unified entity which can direct all the efforts on cryptos, so there's no consolidated power here to actually make a difference. Finally, there's no motivation for banks to help out their biggest rivals which are decentralized cryptocurrencies. It's impossible to take them fully under control, and even trying to do that requires tons of resources which literally nobody in the world possesses.
4173  Bitcoin / Bitcoin Discussion / Re: 'The Simpsons' know who Satoshi Nakamoto is! on: March 25, 2021, 12:05:39 PM
I think there might be some people who know who Satoshi is, but they're not going to tell anyone because they respect Satoshi's right to stay anonymous. I don't think that any of these people are in any way related to the Simpsons show production, and those who made the episode surely just meant it as a joke. As for the general and popular thing about Simpsons predicting stuff, I agree with those who argue that they didn't. They've made tons of episodes about a world that is generally not so different from ours. So no wonder there were some similarities there. There's a good South Park episode about the Simpsons which effectively communicates the point that they did so much stuff that it's hard to find something they didn't do.
4174  Bitcoin / Bitcoin Discussion / Re: Nicole wants to give up her taxi in exchange for bitcoin on: March 25, 2021, 11:39:51 AM
Do you mean that this person owns a car which she uses to provide taxi services to people, and this is her main source of income, but she wants to sell the car for BTC? I'm pro-Bitcoin, but I think it's a terrible idea. One should never put survival at risk when investing money. And how much can that car be worth? If she loses a job and gets Bitcoin, she will have to then spend Bitcoin slowly on basic survival needs, and if the price falls, she'll spend this money very fast. If she's a popular taxi driver, but she wants to get in on Bitcoin, why not just accept BTC as payment for her driving services? This way she'd be able to both hold a job and slowly accumulate some BTC.
Buying Bitcoin at such a high price is very risky, and depriving oneself of the main source of income for that is potentially life-ruining.
If she's tired of her job, however, she can first try to secure a different one, and then sell the car for BTC. It's just that there must always be a backup plan in case Bitcoin goes down, and having a source of income is crucial.
4175  Bitcoin / Bitcoin Discussion / Re: Its coming i faster and would shock most people on: March 24, 2021, 11:40:40 AM
It's nice that there are some companies becoming open to Bitcoin as a payment method in 2021, but they are not enough to boost mass adoption. It all sounds great as separate positive news, and yet it's still baby steps if we compare it with the global economy. A few hotel groups, some shops, cafés and airlines accept Bitcoin, but they are not making up a big part of the market in their areas, so for a person who uses some shops and websites on a regular basis it still means that if you want to pay with BTC, you have to try hard to find places that sell what you want and accept cryptos.
4176  Bitcoin / Bitcoin Discussion / Re: Time Magazine: Will start to accept crypto for subscription on: March 24, 2021, 11:29:10 AM
Magazines have to adapt to survive and stay relevant. I think it's great that Time is doing its best and embracing new technologies. Auctioning 3 covers as well as accepting cryptos for subscriptions clearly shows that they're trying hard to remain interesting to the audience.
However, I didn't see the list of cryptos which are going to be accepted as payment, so it's hard to say whether these will be decentralized ones like Bitcoin or perhaps they mean some centralized tokens. And if it's about Bitcoin and similar ones, I think that with the current transaction fees and normally cheap subscription fees, it just doesn't make sense to pay with BTC, so it will only remind everyone of the big problem of Blockchain scalability once again.
4177  Bitcoin / Bitcoin Discussion / Re: Tesla now accepts Bitcoin on: March 24, 2021, 11:12:09 AM
I anticipated this, but I'm surprised it happened so fast. It's only valid for US customers for now, I think, but if it gets available worldwide within this year, it's a big step. Another really cool thing is that they'll keep the money in BTC rather than convert it immediately to fiat. This means that Bitcoin will properly function as a payment method for a pretty big company. That being said, I don't know how this will stand with the authorities of various countries as well as with car dealers that actually sell Teslas. There can be serious obstacles tax-wise.
4178  Economy / Trading Discussion / Re: This is why you DON'T want go short now 84% of the bearish options has wiped out on: March 24, 2021, 11:01:39 AM
While it sounds like a lot of money, these are options contracts which give the right to buy/sell BTC. It doesn't mean that the actual BTC would be moved significantly as the contracts expire. I'm not saying that people should sell BTC because of the upcoming expiration date, but I don't think they should feel bullish either. As the article from the original post claims, the last time something similar happened on January 29 with a $4 billion contract expiry if I understood this correctly. Looking at the price charts around this date, there was no significant change of the price, just a brief jump on that day from $33k to $37.5k, and then back to $33k within two days. Such an event can be something to benefit from if a person is interested in trading, but it's not important in the long run.
4179  Economy / Gambling discussion / Re: OSCARS 2021- Nominees, Odds and Predictions! on: March 24, 2021, 10:32:10 AM
I used to be very excited about the Oscars with my family watching almost everything and then making predictions of the winners in every nomination since I was a kid. However, I really think that over the last few years TV shows progressed and became way deeper than they used to be, whereas movies are becoming increasingly more disappointing. And sure, there are always some good ones, but the Academy seems to have stopped noticing them. For instance, I loved Tenet and was sure that it would get a bunch of nominations (including the one for Best Picture), but it only got two minor ones. And I've watched Nomadland which is not a bad movie, but it's not great either, and I think it's a little sad that it's most likely to get the Best Picture award.
I also don't get why Borat has such high odds on the Best Adapted Screenplay, as it's a very decent movie that IMO deserves this win. It looks dumb and the style is certainly not for everyone, but it's deeper than it looks, unmasking the problems of right-wing populism, COVID skepticism, and treatment of women. I guess I'll place some money on it, just in case Cheesy
And Frances Mcdormand played nicely in Nomadland, so I think I'll bet on her for the Best Actress award as well. However, she does already have two of these, so maybe she's indeed not very likely to win another one.
4180  Economy / Games and rounds / Re: Sportbet.one presents🏆The Maharaja of Bitcointalk🏆$600 Prize Pool !Free Entry! on: March 24, 2021, 10:11:45 AM
I'm back with another set of bets for the competition.


https://sportsbet.io/sharebetslip/3025a1e6-d190-4841-af85-00092e825f9b
https://sportsbet.io/sharebetslip/6eeebd8c-2fd2-45c9-aed1-a53db01be474
https://sportsbet.io/sharebetslip/c04bcce7-b8bf-4205-b53a-139f3053a1f5
https://sportsbet.io/sharebetslip/cf93afdd-65c7-433b-bba6-5188020ecdf7
https://sportsbet.io/sharebetslip/45d853ef-9b53-4e59-a7ee-a6e410d7727f
Pages: « 1 ... 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 [209] 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 ... 509 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!