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421  Economy / Gambling discussion / Re: Are you a generous gamblers on: February 03, 2024, 01:55:11 PM
I am generous too. I sometimes buy gifts to my friends when I big money from gambling. It doesn’t happen very frequently but when it does, I don’t forget my family and friends. Still though, some of your friends may see you as a free gift machine if you overdo it. Then you will attract people who pretend to be your friends because you like to share your profits. That’s not a good idea. You should share your stuff with your real friends, not with the people who pretend to be your friends. Stop giving them gifts when you win big for a while and observe how their manners change… Those who don’t really care about gifts are your real friends.
422  Economy / Gambling discussion / Re: Investment in gambling on: February 03, 2024, 09:56:32 AM
Investing in ponzi schemes is not gambling. It is pure stupidity. Unless you are the one who is running the ponzi, you will get nothing. Even if you get something somehow, is it worth it? Because your profits are somebody else’s losses. A ponzi scheme is a scam operation. It has nothing to do with gambling. People who “invest” in these schemes aren’t betting on anything. They only expect to see more people join the pyramid so their profits can multiply. People who promote/like ponzi schemes are not liked well here anyway so don’t talk positively about them here.
423  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin ETF really the best to hold? on: February 03, 2024, 09:51:22 AM
The ETF is for the tech illiterate people. Even the people who think they are informed about bitcoin lose their coins every day. We hear about them all the time. Imagine how would those rich boomers feel against bitcoin. They are totally clueless. Some of those people still want a piece from the action but they are afraid of holding btc in their wallets. These people want safety and protection. That’s why they are buying the ETF instead of the real deal. I totally understand their point of view because like I said even some the most proficient bitcoiners lost their wealth because they got hacked or they were careless.
424  Economy / Gambling discussion / Re: Will you invest on this kind of offer? on: February 02, 2024, 02:31:39 PM
There aren't many casinos that do it anymore... Most casinos I knew, shut their operations down in the past. The only one that comes very close is freebitco.in but they give you flat 4% compounding annual interest instead of sharing the casino profits. That is still quite nice and freebitcoin has been around nearly a decade so they are as trustworthy as a business can get. As far as I know there is no other way to make 4% or more for your btc in a passive way. You can get more than 10% passive annual return on your USDT at binance but that's a FIAT investment.
I will prefer to leave my coin on a self custody wallet that I know I have my control than to invest my coin on a centralized platform that can go away with my money. The way bitcoin will increase, it can give me the 4% interest in just a small amount of time. There is not going to be anything better than hold than to invest in this type of investment.

Self custody is the safest play of course but one cannot make profits unless he is willing to take some risks... To some people, holding bitcoin itself is a risk. Do you keep all your wealth in btc? If you say no, then it means you are managing your risks and following a certain risk management logic.

This 4% interest is for bitcoin. Your bitcoin will simply get multiplied by 1.04%+ (it is daily compounding) every year, so when bitcoin goes up against the dollar, you will make even more money. Nobody is telling you to put all your savings there. I surely don't do that but I keep some and they are multiplying every day and that feels damn nice.

I keep some USDT at binance and they multiply also and that feels nice too.
425  Economy / Gambling discussion / Re: Will you invest on this kind of offer? on: February 02, 2024, 12:25:41 PM
There aren't many casinos that do it anymore... Most casinos I knew, shut their operations down in the past. The only one that comes very close is freebitco.in but they give you flat 4% compounding annual interest instead of sharing the casino profits. That is still quite nice and freebitcoin has been around nearly for a decade so they are as trustworthy as a business can get. As far as I know there is no other way to make 4% or more for your btc in a passive way. You can get more than 10% passive annual return on your USDT at binance but that's a FIAT investment.
426  Alternate cryptocurrencies / Altcoin Discussion / Re: How to avoid getting rugpulled on: February 01, 2024, 04:08:15 PM
Play stupid games, win stupid prices. Don't invest in shitcoins, don't get rugpulled.

If you only invest in safe coins like btc, eth, doge, ltc... You will never get rug pulled because these are proven to be safe projects. If thy go down, flash crash etc, it will be a buying opportunity because they usually recover not long after. People bought the dip with LUNA and it crashed, they bought the dip again, then it crashed even more. Shit like that won't happen with the major crypto coins because it is the mass adoption that keeps them alive. LTC for example, even though it is down a lot from its ATH, it is still being used a lot in the casinos because it is cheap to make transactions. It simply cannot die.
427  Economy / Economics / Re: Quitting Smoking Has Two Big Benefits. on: February 01, 2024, 01:53:26 PM
Smoking is fine as long as you do it once or twice a month or so. The problem is, people can’t control themselves when they start doing it. It doesn’t make you dizzy right away like alcohol does and the bad effects take time to show up in you. That’s why smoking is dangerous than alcohol.

When I drink more than a couple of beer, I start to feel dizzy and that’s when I understand I shouldn’t have drunk that much. I can finish a pack of cigs without feeling anything on the other hand.

Over the years I quit smoking a few times and I realized I am not really quitting it, only taking breaks… (sometimes very very long breaks) I quitted smoking 5 months ago once again. It feels good to be healthy.
428  Economy / Economics / Re: Leadership and Economics on: January 31, 2024, 07:58:38 PM
Of course leadership is important. Take a look at Biden for example… Under his administration the United States did very poorly even though the stock market hit ATH lately. The last time the S&P500 was this high 3 years ago. That means the stock market index made nearly no profits in the last 3 years if you invested in it 3 years ago.

Biden strangles the oil industry, pushing useless electric vehicles which nobody wants. He also rejoined the Paris Climate Agreement which is also bad for the economy. That’s poor leadership.

Trump did the exact opposite of Biden when he was the president and till the Covid19 scam, between 2016 and 2020, the stock market went higher and higher and even after the covid19 crash in early 2020, the S&P500 was still at its ATH when he left the office in 2021. That was good leadership.
429  Economy / Exchanges / Re: All my savings on BKEX are gone. on: January 31, 2024, 04:18:05 PM
Wtf is a bkex and why do u have any funds there in the first place? Why didn’t you use binance or coinbase like every other crypto trader? Even though these exchanges are definitely safer than bkex, even they are not invincible. That means you shouldn’t have deposited more than you could afford to lose on any service or exchange and you are about to get scammed again. Those twitter accounts can’t do shit about your stolen coins. Don’t pay them anything.
430  Bitcoin / Mining / Re: Best ASIC for this power cost? on: January 29, 2024, 08:02:43 PM
Have you considered GPU mining? ASICs get outdated very fast and when they do, they don't have much resale value. There will be always some demand for the GPU's on the other hand. Looks like RTX4090 is the hottest shit out there nowadays. You can find it on amazon for around ~$2k. (I found one Zotac that sells for $1768 but only 1 left in stock)  Get 6 of those monsters and it will make a good rig.


https://minerstat.com/hardware/nvidia-rtx-4090

2.81x6= You will be making ~$16.8/day, you can round that to $15 probably.

$12000/15 = You will ROI in 2.2 years if you keep them on day and night according to today's data. Considering that the total hasrate will go up during that time, the realistic number would be 4 to 5 years for your ROI. After 5 years, when you get your ROI, you can still use them for gaming  Tongue I bet they will be enough to run the latest most GPU hungry game of that year.
431  Other / Meta / Re: Should bitcointalk ban promotion of other forums? on: January 29, 2024, 05:02:59 PM
I don't think that's necessary. People should be free to promote/wear links of any service as long as it is not illegal or nearly illegal like mixers. If people find the other forum better than this one, they are free to go there.

If the admin bans promotion, more people will wonder what the other forum has to offer over this one and that ban will probably backfire. In my opinion, the other forum has absolutely nothing to offer other than the mixer sig camps.
432  Economy / Gambling / Re: Why they need a license if bitcon is not money? on: January 29, 2024, 02:49:32 PM
It's fun guys, govs hardly avoid accepting Bitcoin is money, but when it comes to gambling then users are risking money, so, casinos need a license.

Let's be honest, If you can deposit, wager, and withdraw. I don't see where the license is in the process...

Just want to say Fuck Curaçao

I share the same opinion.

Freebitco.in is a casino which never offered any USDT or USD deposit/withdrawal options and they also recently put KYC in their ToS. (even though they say they don't use it, it is still in their ToS now. It wasn't there not long ago)

The way I see it, these business owners don't want to move from their comfort zones. They are making money why fight the government and make everything complicated?

It is the players should demand no-KYC services. If they force you to hand over your private information, like you said, just tell them to fuck off.
433  Economy / Economics / Re: China’s Debt-to-GDP Ratio Rises a Record of 286.1% on: January 28, 2024, 04:59:46 PM
A bit simple as the empty container gets someplace else before returning to china. The handler Maersk https://www.maersk.com/tracking/ would be the loser if not. Simplification is not good when forming an opinion about the course of a country.
 

Maersk can't be the loser as long as the money printer in the US keeps printing papers and pays for the containers.

I doubt the finance ministers or secretaries of this planet know how the balance sheet of their respective state look like.
 

Oh they exactly know what's going on. I don't doubt it. The thing is, they can't do anything to reverse it. It is all going downhill since Nixon removed the gold standard. More printing and more debt, less manufacturing in the US.

Take nike, their shoes cost between 4 and 15 US$ to make and are sold between 80 and 600 US$ in the US. Nike pays for the container, are you aware how many empty containers Nike could afford?
 

Nike ain't paying shit. The consumers in the US, the tax payers do. The money printer creates inflation by inflating the money supply and it becomes everybody's problem. Every middle class and working class citizen pays for the empty container.

The equation for being wealthy is very simple. If you have lots of stuff (not cash), you are a wealthy person. Not only China has more stuff, they make more stuff.

Simplification is good.
434  Economy / Economics / Re: China’s Debt-to-GDP Ratio Rises a Record of 286.1% on: January 28, 2024, 04:09:00 PM
The US produces much more than paper.
Did China research and develop most of the products they are selling?
Still 90% of all financial transactions are done through SWIFT.
They have all those buyers China needs to have a positive balance.

An I'm not a fan of the US System. neither of socialism and other isms

They certainly produce more papers than the real stuff. The numbers don't lie. China on the other hand, they make more real stuff than papers.

I remember how Iranians were chatting death to America at Soleimani burial while his coffin was in a Chevy truck and his daughter was taking pictures with an Iphone, speaking of
Apple takes top spot in China’s smartphone market for the first time
Who's buying who?  Grin

And?

For every iphone the US send out, they buy 1.65 Huawei from China and the other countries...

Quote
#CountryExports 2022Imports 2022Trade balance 2022
1-China$3593523.20$2716150.90$877372.30
219-USA$2064278.300 $3375819.20−$1311540.90
https://en.wikipedia.org/wiki/List_of_countries_by_net_exports

For every 2 ship containers come from China to US, one of them returns empty. China is winning this game no matter how you spin it.  
435  Other / Off-topic / Re: Having a regular/steady income is important as a gambler. on: January 28, 2024, 04:00:18 PM
Absolutely. Gambling is a way of having fun just like watching football or socially drinking with friends. If you have no reliable income, your savings will deplete in no time whether you gamble or not... Let's say you go to the theater once a month because you have a budget for entertainment. If you like to gamble, you should also have budget for gambling. If your budget can't allow these expenses, you should either cut some of them or increase your monthly income. Don't think gambling is a way of getting rich or making money. It doesn't work that way. People who make this mistake get even poorer.
436  Economy / Gambling discussion / Re: 2 years old kids alone at home for hours, while the father goes gambling on: January 28, 2024, 11:09:21 AM
That man doesn't deserve to raise these kids. He fucked up badly and somehow I think that wasn't his first fuck up. He needs to be rehabilitated asap. Those kids... Even if they grow up to fairly decent adults, these memories will always affect them badly. I wouldn't be surprised if they also become gambling addicts because that's a very common scenario. In a family where the parents smoke cigarettes or drink alcohol, the kids usually pick up the same bad habits. Only the very smart kids can see through the shitty situation they were in and leave it immediately. The others will become the next generation of shitty parents.
437  Economy / Gambling discussion / Re: Is addiction bad only when it is a problem? on: January 27, 2024, 04:59:48 PM
Addiction to gambling is not a problem for some gamblers because there are some gamblers who are addicted to gambling, but it doesn't affect the other activities of their life. They take care of their families, wear good clothes, smell nice, meet up with appointments but still cannot control the urge to gamble. It doesn't affect their life because they can afford to gamble and manage the loses they make. So, to these people addiction is not a problem. They are addicts, but because they are successful, their addiction is ignored or excused as it is not a problem.
So I am need to know, is addiction only bad when it is a problem?


Don't kid yourself, an addiction will always affect you in a bad way. There is no such thing as "good addiction". I used to think being addicted to reading books is a good habit for example but then I realized if I get addicted to reading books, it will be my excuse to skip my other responsibilities...

Addiction means you are overdoing it. If you are overdoing something very often, it is bad for you.

I drink water every day but I don't call myself a water addict. I drink as much as my body needs.

If I drink 5 liters of water every day, which is way more than my body needs, it will hurt my body and now I am a water addict.
438  Economy / Gambling / Re: What will happen if I start a game verified by the hash of block? on: January 27, 2024, 08:09:16 AM
Quote
2.Use bitcoin as money.
Please give your opinions and suggestions.

I think it is done before but are you sure you want to use btc as the currency? Not many people will play your game when an average transaction fee is ~$2 (sometimes way more)

You should either build it on LN or use a cheaper altcoin (either choice is faster and cheaper than base layer btc) instead but ultimately it is your decision and your money you’ll be spending.
439  Other / Meta / Re: The effect the mixer ban has had on the forum. on: January 27, 2024, 06:30:41 AM
Is he wrong thoe? That forum is a freakshow.

Of course he is wrong, and what you say proves it. Instead of talking about what can happen in this forum, you are talking about how bad he is. Then we have those who have been teleported who argue that that forum has improved and will probably improve further thanks to the teleported memebers. I wanted to talk about the effect here but once the thread was created I have no control over where the conversation is going.

I don’t agree. That forum is not only bad, it runs on a ponzi scheme. The VIP members are the earlier ponzi participants and whenever a new sucker (monarch) joins and pays more than the sucker before, the prize pool gets bigger so are their profits.

If the reputable members of this forum want to be a part of this freak show, it is their choice…
440  Bitcoin / Bitcoin Discussion / Re: Bitcoin is now in the race to become the richest in the world on: January 27, 2024, 06:22:36 AM
Some of those people in the pictures are as scummy as the guys in the list. Michael Saylor for example is a btc supporter lately but he is not the most mentally stable guy out there. Maybe that’s what happens to a person when he reaches that level of richness because Elon and Bill Gates are also sending similar psychopathic vibes.

Now the question is, how are they going to use their wealth? What are these crypto people gonna do with all that money?

Maybe it is time to colonize the moon?
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