I am thrilled to introduce Islamic Coin (ISLM), the native currency of the HAQQ Network,bringing a new era of possibilities for the global Muslim community and blockchain enthusiasts alike ! 🔥
No matter how I feel about religion, but all known attempts to cross religion and cryptocurrencies have always ended in scam. These things are not compatible and such statements in the description of coins are just trying to parasitize on people's faith and on various religious confessions. Someone just invented another clone of a famous coin and decided to wrap it in a religious wrapper for their own enrichment. P.S. My post in no way offends Islam. It is only about cryptocurrency. I admire how the gas token approach solves the bitcoin industry's inexpensive transaction problem. The blockchain's decentralized governance and staking system boost safety. Will this be enough to adapt to the market and grow? However, attempts to combine faith with crypto have failed. We can't ignore this forever. How does ISLM prevent repeating history? ISLM and HAQQ's designers must be more upfront about their security measures to avoid another religious crypto hoax. |
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We XRP holders can all take a deep sigh of relief with the news of Ripple's victory. Its likely contributed to the upward trend of XRP. Not only is $1 a monetary goal, but it also represents a psychological barrier that must be overcome. If this breakthrough occurs, things could pick up speed quickly.
Yet, I share your doubts about the long-term viability of this rally. XRP is subject to the same market volatility as any other cryptocurrency. The $1.35 goal is an optimistic projection, but it is by no means a sure thing.
Nonetheless, I cant wait to see what happens next. If the current trend continues, 2024 may be XRP's year.
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I mean to say that I haven't heard of any religion where males are allowed to gamble while females are prohibited to gamble.
The religion is the same for men and women and there is no discrimination between the two.
yes, indeed there is no religion that regulates it. but perhaps a government authority with a very dominant religion can make certain regulations regarding the rights and obligations of men and women. including prohibitions that can differentiate between men and women. if we put religious rules against gambling I don't think any religion supports gambling. it's better if we don't talk about it. In fact, currently, gambling games do not limit and discriminate against gender. everyone can play as long as they meet the requirements such as age. although more gamblers are men. however today many active gamblers are women. I have some female gambler friends, even I introduced them to crypto casinos and they enjoyed it. Genders such as men and women should never be discriminated against, neither by casinos nor by any activity that is believed in the world, we are people first and foremost, women have to do the activities they want to do, I know that in Arab countries women Women cannot do the same as men, it is their culture and that is how women accepted it, but I do not agree with that, freedoms must exist for all, whether women or men, and of any race, casinos They are for fun, to earn money and to do it healthily, neither governments nor religions should prohibit anything. I don't consider gender as a big deal in contemporary gambling most especially now that gambling has overly moved from offline to online and this has given all gender the accurate privacy that allows them to gamble at will and without any fear or discrimination because that discrimination is what have limited many females from actively participating in anything related to gambling. And also the country where the individual is based also plays a role in the number of gender involvement and discrimination in gambling, because an Islamic country that prohibits females from public activities will limit or sanction any women that are caught involvedw in gambling also. You're placing a lot of faith in online privacy and its ability to level the gender playing field in gambling. Do you really think gender bias has disappeared since we now communicate digitally? Its quite one-dimensional. Social norms dont disappear. Despite outward changes, they persist. Users can avoid discrimination online with anonymity and privacy. However, the internet cannot eliminate these prejudices and social conventions. However, culture and place do matter. In gender-equal countries, women and men gamble online equally. However, gender discrepancies in online gaming cannot be ignored. |
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I'm not trying to say it's not possible to make a fortune out of gambling,but the thing is that majority of the people that succeeded through gambling in their first trial would tell you that it was out of luck and not because they were very skillful or have strategies in winning most people just pick different options of games they feel would come out successful stake on it and boom, it's not something that you're guaranteed a certain amount of money daily or weekly and the success rate is not 100% guaranteed as well so why would anyone want to take it as their major source of income, even most punters doesn't even see gambling as their major income source they venture into other businesses with the money they made through gambling.
However taking gambling very seriously could make one be very addicted to it because since it's your major source of earning you would give all your time, focus, attention to it which has severally disadvantages cause it could affect your social life including your physical and mental health, it would even affect other areas of your work because you'll be giving more attention to it, that's why gambling should not be taken as one's major source of earning.
Gambling, at its core, is a game of probabilities and understanding these probabilities could tip the scale slightly in one's favor. Of course, it's never a 100% guarantee, but is anything in life ever so certain? Even our daily jobs carry a degree of uncertainty; layoffs, pay cuts, or company bankruptcy can occur without warning. I do agree that unchecked gambling can lead to addiction, and it's crucial to practice responsible gambling. And no, I'm not endorsing gambling as a primary source of income. I'm just arguing that completely discarding it may not be fair to those who do it responsibly and have seen considerable success. |
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looking at this topic I wonder if the casinos wouldn't consider it as cheating and honestly if it is considered as cheating then I see that people shouldn't use AI because if the casino found out the person would be banned and would lose everything he had in the casino, it's just not worth taking that risk, now another thing that comes to mind is that if people used the AI for sports betting it wouldn't be considered cheating but would the AI do well in sports betting? if we put a scenario in which the AI would do well in sports betting then how many people wouldn't lose? how many people would be profiting?
would that not cause many casinos to go bankrupt? honestly I see that it would be something very challenging to see the AI hit rate and how the bookmakers would survive this reality when that time comes, currently I have seen the liars, the scammers lying that they have AI boots capable of predicting the price of cryptocurrencies and that anyone who buys the bot will be successful in the financial market, I spent my whole day today trying to understand how these people manage to lie so much, it is something unbelievable that people fall for this scam
whether casinos would consider AI as cheating, I'd say its a big YES. They'd kick you out faster than a hiccup if they got wind of it. Because, well, wheres the fun in that for them? Now, regarding AI in sports betting, thats a completely different can of worms. The chaotic, unpredictable nature of sports could give even the most advanced AI a run for its money. The AI's predictive capabilities are not perfect. Theres always that X-factor, that unexpected event that sends the AI's predictions haywire. Remember, even robots arent immune to surprises. There are more scams in this place than fish in the sea. But isnt it amusing how the ones peddling these miraculous bots are never seen on the Forbes list of billionaires? Makes you wonder, right? |
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Well, in any case, the things that have to be done go hand in hand with having our own Experience with casinos, each experience is something that makes our knowledge mature and that is why the learning we have is anchored to us and we can give our opinion on bonuses, contests and requirements, how many of us have not come across some requirements that are impossible? Or that we reproach ourselves for not reading before taking things, because basically when I accepted bonuses that was how I said goodbye to my deposit without being able to do anything, and that was sad, that's why I base my opinion on it. That is why we as players must read a lot before accepting any contest, any bonus, it is something that is like the law to do, we cannot be doing things in a hurry, the casinos leave their bonuses and their contests for at least 2 days, or well Some can be quick in 1 day, but I think it takes time to read all the associated conditions, because there is nothing worse than regretting after having invested money in the casino thinking that we can withdraw and there are still many things to do. That's why sometimes when we take a bonus for whatever, before taking it, I always recommend reading, and if we don't understand it, it doesn't hurt to consult the site's support for things we don't understand, we have to remember something, we expose and we risk our money, it doesn't hurt that we understand everything, so that later we don't have any problems or have a hard time. My personal motto now: "Always read the label" and not just for the calorie count on my favourite snacks! You're right about casinos leaving their bonuses and contests for a couple of days. This is not a window of opportunity but a window of due diligence. We need to comb through the terms & conditions with the precision of a proofreader, so we dont end up shooting ourselves in the foot. A word of advice from a fellow gambler, when in doubt, ask. It doesnt matter if its about a mysterious ingredient in a bag of chips or an incomprehensible clause in a casino offer. It's better to look a little silly now than be a lot poorer later. |
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Some are moving because of bonuses and rewards especially with new gambling platforms introducing their site to players. Another reason is 'tilting' if you are familiar with the term used for somehow calibrating one's luck if he is losing consistently. Last that I know is satisfaction with the service. There will be times inconvenience would happen with payouts and deposits as well with betting. Ofcourse it would be a gambler's demand to play without any disturbances caused by bugs and lags and the likes. Having a matured account is indeed something but if you don't get any benefit or advantage from being or having one, then not everyone would seek for such title.
In most cases, You list all the reason why user change casino. I’m also doing like that before until I found Livecasino/Bitcasino/Sportsbet casino as home casino. Even if some other casino have some aggressive promotion, I still choose to play on these casino because I’m comfortable playing their games already especially the bombay exclusive table on evolution gaming which you can’t find on other casino.
Having a high level of VIP on different casino sometimes put you on advantage since you can change the set of mood of gambling whenever you are losing on the other one while maintaining the high level reward benefits on each wager. This is only applicable on high roller players since they can farm wager easily compared to pleb gamblers that usually struggle to have a wager of 1K on a single day. When it comes to choices and preference then we do know that it would really be entirely be depending on a certain gambler or individual on which casino he would really be staying or playing into.We do have tons of options that we do really have on this market on which it would really be causing for us to stir up our decisions on which we would really be staying on but the time that we do have experience on other old sites on which we are comfortable on playing with then this would really be our primary choice and be thinking that it is really much better compared into those sites that we are newly been playing. You could really make out such comparison on the time that would really be able to play. It is really just that true that when it comes to promotions and other benefits then nothing beats out into those people who are really that playing on huge wager compared to those who are playing with small amounts. These type of problems on which having several VIP accounts on different gambling places are only applicable into those people who do have tons of money which you could play on and having really that the advantage compared to those who do have some few bucks on which they wont really be able to experience such problem ever.  Its the 'devil you know' theory, but I can see why people prefer to play at the same few casinos over trying out new ones. Moreover, as the adage goes, "loyalty pays." The longer you stay, the greater the likelihood that you will be upgraded to the VIP area, or so the saying goes. But think about it: if you only use one service, you won't get to enjoy the benefits of the others. Picture yourself for the rest of your life eating only one flavor of ice cream. You may enjoy vanilla, but have you ever tried more adventurous flavors like mango sorbet or mint chocolate chip? In addition, wealthy gamblers are given the royal treatment. But doesn't this also hold true outside of the gambling industry? Having more money gives you greater advantages. Its frustrating but also rather funny. In the end, we're just playing a game of chance called life. |
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Your worlds are quite logical because there is no guarantee of winning the lottery. If someone buys lottery tickets at a certain rate throughout his life, there is no assurance that he will win rather there is a high probability that he will loss. So all the time in his life that he spends his money on the lottery can be said to be a total waste. In this case, many people think that if fate favors him, then he can win. But that number is negligible. If a small amount of money can be spent which is not a problem, then a person can buy a lottery to find his luck.
Just buy one ticket in every lottery, technically you has a chance to win every lottery even though the chance is near to 0%. However I think the popularity of lottery is greatly reduced due to impossible to win and there's no fun when you buy the ticket. Unlike sports betting where you can watch the match and enjoy it. What's make lottery is bad because there's no transparency to pick the winner, that's why most people think lottery is a rigged game. I made so for several years. I bought several tickets every income. As the result all my prizes were less than i spent buying these tickets. After it i counted chances to win big prize(much more than the ticket cost) and understood that the best way was to invest these money in some stocks and bonds. Of course, the probability of a big win is so minimal that even hoping for such a win is generally pointless. The statistics of your expenses really clearly show that participation in the lottery is just money lost. And of course, it would be better to invest them in some useful stocks or bonds, or in general just buy some things useful for you with them. In this sense, all sellers of lottery tickets are such "pipe dream" sellers. But many people believe and hope that they will be lucky and the dream will come true. And they buy the lottery all the time and don't win anything for years. But you can always dream that in the next draw I will be lucky and I will become a millionaire. But in the end, all this bothers and people stop buying the lottery. However, new dreamers come to replace and the cycles continue endlessly. Your logic about the lottery's non-productive nature is quite solid. I mean, who wouldnt want to invest their hard-earned money in something that gives returns, instead of splurging on a seemingly "endless dream cycle"? However, isnt there something quite human about dreaming? We are not just economic agents maximizing profits, are we? Isnt the wonder and excitement at what might be a part of our everyday lives? As for your reference to stocks and bonds, lets not forget the crashes of 1929, 2008, and the numerous others in between. Arent those also dream-shattering experiences? It seems like an investment choice is less about hard stats and more about choosing your kind of dream! |
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Yes, you are right, personally I think that things can happen in a very different way, because when talking about AI there are many who are amazed and may even lose control thinking that this is the latest thing that has been released and that they can do anything. kind of thing or progress with it, the AI currently has a long way to go to develop, it's not like the supersonics or anything like that, many of us have joined together, things are different, currently things can happen differently in a different way , it still needs development, maybe in 1 year or maximum 2 years the AI will be better, and then many other things could be considered, like security, it will be a nightmare for all casinos. The predictions or things that can be done with a developed AI is impressive, personally I have been seeing what things AI may be helping, of course AI is an infallible tool in every sense, in fact I would like more children to receive an education by part of an AI, because it is the only way that they do not receive any type of policy or something similar, but when it comes to casinos, and the game as such, things can be seen differently, in a few years the AI can be so developed to win at any casino, that casinos have to have unique detection security, I just hope that this does not allow or cause problems for the common player who has some talent, and they do not blame him because They may think that it is an AI. Your optimism in AI's future is contagious. While the technlogy has shortcomings, the fact that we can conceive what AI could do is a testament to the power of the human imagination. The Wright brothers wanted powered flight; we want smart robots. Casinos should prepare. Cutting-edge AI may force them to improve. Isnt business change inevitable? The average gamer you're worried about may employ AI to improve. Isn't the law enforcement-criminal detection security dance the same as before technology? AI might eliminate bias and introduce personalised training to education. AI-taught schools arent dystopian, are they? |
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The Linq Casino incidents show an intriguing aspect of human behavior, don't they? Such "shameless" activities may be motivated by attention-seeking or alcohol. Gamblers who do so raise eyebrows! Casino restrictions usually result in eviction and blacklisting. If the person disrupts the casino or endangers others, legal action may be necessary. This gambler's motives are unknown. We can only guess and be amazed.
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I really did not know, and if so, it changes everything, because if it is a native token, things can be seen in a different way, personally I think that it is much more worth having this token, some of us have had Betfury's BFG tokens I don't know if you have taken a look at the Rollbit token, which seems very interesting to me, I say interesting because the tokens that are from these casinos , both Freebitco.in and Rollbit, are making a lot of noise, but I see that Betfury is not. , so these token things have to be made Known all the time , the way they are developed and promoted.
I had read that Betfury no longer has any interest in the forum, I don't know why, but I think they are losing the deal of their lives , in this forum they can have the world at their Feet.
What I think is missing from this token is that they put it on a centralized exchange, that's the only thing, but for the rest I think they have a good project and this makes them Bigger , there are many who do a lot with less , so here what they have to take advantage of is the infrastructure, if they have differences with others here on the fro, isn't it easier to solve this? to go like this? It seems to me that those in charge of negotiating, and of everything related to marketing, have to be somewhat more intelligent, of course it is my opinion that what I may be seeing as something that they are losing, here in this forum it is so Recognized that it can give and altar to the top to any project and here the advantages that Betfury has are very great.
Well, I am probably lost in some part of your comment, but talking about Fun token from freebitco and RLB from Rollbits making some noise at the moment, that is particularly true, i mean ive heard both of this token on my watchlist on coinmarketcap and i agree that both are performing well and they both look like they are in a good buying zone right now, not for short term profit though, but for long term, that is, for those who can hold it long enough the coming bull run, those two tokens could return a handsome profit to those who invest now, not a financial advice though. Coming back to BFG, BFG will still wake up as long as Betfury casino continues to operate normally, i believe the team got plans on what to do to bring back the glory of the token, but until they begin to roll out those plans, i wont risk losing my money again on BFG, not when there several other great coins and tokens in the market to invest in. Fun token and RLB have improved recently and may be good long-term investments. However, "don't put all your eggs in one basket". Portfolio diversification may reduce risk. BFG's past performance doesn't guarantee future success. Given your history with BFG, your reluctance to invest is understandable. Their ambitions could revive BFG. Be patient, everyone. Gambling tokens are more than crypto cards. They'll shine soon. Rome wasn't constructed overnight. |
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Look at what greediness will cause you, when you're gambling and through being greedy you loose a bet, you will get hurt and appear unforgiven to yourself because you would have thought of not making the mistake at first instance, secondly, if you're gambling and you win through your greediness, you will be so proud that you've made a good decision and have taken the appropriate steps needed not minding telling yourself the truth behind it all, we cannot keep getting same result over time which equally means, that same opportunity may be the last of it kind to win through that behavior of greediness.
That is what typically happens when we gamble. When we win, the celebration is there and we want to think that luck isn't going to be out by that time. Greed will bring to nowhere. It won't make you satisfy until you don't have anything to get satisfied because you are already lack of money and even if you want to gamble, you just can't anymore. It is important to look after yourself because you probably don't notice it anymore that you're already greedy and satisfaction can no longer be found on you. Becoming that confident would really be that the main issue most of the case for most gamblers on the time that they would really be winning on which they would really be thinking that it wont really be that they would really be still that lucky on the time that they would really continuing on playing because of having that kind of thought on which if they had just decided to stop midway on the time that they are making some profits then majority of gamblers wont really be ending up on this situation but we are actually seeing the different scenario. Human beings are naturally greedy on which there are ones who are really that good on making up some control out of that greed and there are some which do really fails on doing so. This is why it would really be that sensible that you should really know on when to stop and when to completely secure profits when you are in greens but well every person would be having their own decision when it comes to this matter. An individual's ability to control their greed may be compromised by their desire to win. I think we can all agree that gamblers' minds are messed with by the conflict between wanting more and knowing when to stop. The difficulty arises from the fact that a winning streak could just as easily become a losing one. Humans are naturally greedy, but thats not necessarily a negative thing. When used moderately, it can spark drive and encourage us to push ourselves. However, it can be difficult to tell when it is directing us toward danger. When it comes to making money in the greens, I cant stress this point enough. Having predetermined points of departure is essential. Individuals are responsible for determining when it is time to cut their losses, but we should all make that call with our heads and not our hearts. |
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Your knowledge and money will be useless if the government bans Bitcoin in your country. You are right, the government is really the key because if the government supports it, the people will follow. Though it is not the only reason why they aren't adopting bitcoin is because they heard about it from illegal things that were shown or heard in the news. That is the first time those people heard about it, and if they hear it again, they will be thinking again that it is like money for illegal things. Government rules and policies surely affect Bitcoin and other cryptocurrencies' broad adoption. They can ease or hinder change. Bitcoin is widely stated to be used in illegal activities, although this is an oversimplification. Remember that conventional currencies have also been used illegally, but they have escaped the moniker "money for illegal things." Criminals can't hide on the blockchain, and Bitcoin transactions may be traced. Bitcoin has improved from its darknet market days. We must overcome these illusions to appreciate Bitcoin and other cryptocurrencies. |
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Ban or no ban, Bitcoin hardware wallet was meant to be used privately, it increases your level of security for your assets compare to someone who always tell everyone that he has Bitcoin wish can attract criminals to his door or lead to arrest if Bitcoin is ban in the country.
Even if government warned you not to get involve with Bitcoin, how will they know if you do? I think the Ban is for the banks, meaning you can't publicly exchange Bitcoin into your local currency anymore unlike before, this was what happened when crypto was banned in my country and that was when I learned how to use Peer 2 Peer trading.
I think it's the same with what OP is saying, the Ban will only affect your Fiat to Crypto or Crypto to Fiat exchange.
He said that involvement with Bitcoin or cryptocurrencies is strictly prohibited, and another guy from his country said that people are getting arrested if they are caught having any involvement with Bitcoin or cryptocurrencies, whether it's buying or selling, storing them, or buying and selling Bitcoin related hardware like wallets or miners, so I'm pretty sure that it is not just about banks and transactions going out and coming in into bank accounts related to Bitcoin or cryptocurrencies. I would suggest OP simply keep things to himself if things are actually this serious within his country because if authorities come to know about his involvement with Bitcoin and cryptocurrencies, they can take strict actions against him and his family, and they might close down their bank accounts or even put them in prison for going against the law. A worldwide shift toward crypto acceptability is worth noting. Digital currencies and blockchain technologies are gaining attention from governments throughout the world. Thus, it could be beneficial for the OP to lobby for a change in legislation in his nation. The path ahead is long and winding, and there is no promise of a happy ending. Perhaps, though, it's preferable to strive for change rather than cower in secret |
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Probably that would be the case in the future, just like the US dollar and some other popular currencies we have today. One day, bitcoins will be used for buying things or services without worrying about converting them first before we can use them, and we are clearly heading that way once they improve the transactions and the security of owning them. Maybe if only we didn't have these negative hostile people that continue making false narratives about bitcoins, we already using it all over the world as an accepted currency, but now, since we have these people and countries that are still hostile, we are far from it today.
bitcoin is a digital currency and can be used to make payments for those who are interested and if the government in that country allow its people to make payments using btc. In my opinion, fiat money is what is most needed because with fiat money, transactions will be better, because it can be reached by all people, because in my opinion, in this world not everyone has cellphones or computers, and so on, and also btc transactions must use the internet, if there is no internet, of course, our will not be able to make transactions. so in my opinion both have advantages and disadvantages. Bitcoin will never be able to become a currency and I'm pretty sure of that. We don't need to blame anyone for bitcoin's inability to become a currency because the government will also stop it at all costs if people insist on using bitcoin to replace Fiat completely. Furthermore, how can an asset that is volatile and used for speculative purposes become a currency? Not too many people will accept that. We need to be realistic, not overly delusional about bitcoin. Honestly, I still prefer using fiat over bitcoin in my daily bill payments because it's fast, and I don't need to pay extra transaction fees to the network when using fiat. Governments may strive to prohibit bitcoin as a currency to protect their monetary sovereignty. Isn't it shortsighted to say that an emerging asset class like bitcoin can never become currency? Traditional currencies have also experienced volatility. Hyperinflation in Zimbabwe and Venezuela? Gold, for instance, has been a medium of exchange, a store of value, and both several times. Why not Bitcoin? Yes, transaction fees. The Lightning Network is addressing this issue. Imperfect things can improve. |
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Now I want to know what really do you think is holding people back for hodling this period?
BTC is indeed recognized as a potential asset and long-term investment pattern. I think the general and main reason is that if someone already feels that they are benefiting from the value of crypto assets, then they can immediately sell it to get a profit and not hold it for too long and that is regardless of the factor of fulfilling our daily needs, for example the cost of eating, drinking, work operations or others. Bitcoin is a long-term investment platform where long-term investment has a chance of earning huge profits. If we invest in Bitcoin for a short period of time, we will not understand the amount of profit and loss from Bitcoin. To understand the amount of profit and loss, we must hold for a long time. One thing I have noticed is that people usually choose some ALT coins for short term trading, the price of bitcoin does not change much in short period of time, so for regular trading people think ALT coin is good choice, but for long term investment, they need security of money which usually people get from bitcoin. Investing in Bitcoin over a longer period of time will never risk your money but investing for a longer period of time will give you a higher chance of profiting from that investment. Slow and steady, it is said, is the way to success. Bitcoin's credibility and widespread use function as a safety net of sorts. It's the equivalent of the "gold standard" in cryptography. The extreme volatility that makes alternative coins attractive for short-term trading also makes them more volatile and risky. Keep in mind that taking more of a chance could lead to greater gains but also larger losses. |
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Bitcoin as a reward for academic participation is brilliant. It exposes pupils to blockchain and digital currency and motivates them to study. Students' interests are key. If students want to learn about Bitcoin, it might be a "win-win" for academic engagement and crypto awareness. If a lot of pupils are apathetic, the program may not work.
However, the beauty of this plan is that it indirectly forces pupils to learn about Bitcoin, regardless of interest. Imagine a student who wants that BTC bounty must learn how to use a Bitcoin wallet, manage seed phrases, and navigate the BTC network. Even if they joined for the money, they'd learn a lot about Bitcoin and blockchain tech.
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People who are involved with Bitcoin or who hold Bitcoin for a long period of time first settle their wallets more and then hold Bitcoins for a long time so it is very difficult to lose Bitcoins with this much security. But the bitcoins that are lost from the market may be from one person to another, but the amount of bitcoins that were supplied is still in the market, so even if the lost bitcoins are recovered, there is no possibility that the value of bitcoins will decrease. But if some more amount of Bitcoin is added to the market beyond the total supply then the price of Bitcoin may fall down from the current state. If there is some amount of bitcoins in the reserve, then those bitcoins must be released in the market according to a certain medium. If those bitcoins can be released in the market according to a certain medium, then the price of bitcoins will remain normal.
There can't be any more Bitcoins created than there are in circulation. The blockchain technology which underpins Bitcoin doesnt allow for the issuance of more coins than are already in circulation. Inflationary threats associated with conventional fiat currencies are reduced by this idea of finite supply. When considering reserves, however, keep in mind that Bitcoin is not like conventional financial institutions. Reserves do not exist; all that exists is unmined Bitcoin. These will be added to the market via mining at a steadily increasing rate until the final Bitcoin is mined in about 2140. In the meanwhile, lets HODL |
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It would be really awesome if bitcoin payments were offered instead of fiat currency. We know that most of the world is currently accepting bitcoin payments in shopping malls for purchasing various products. As the popularity of this Bitcoin has increased day by day, it can be understood that the government of the countries will pay salaries in Bitcoin in many countries in the future. If we focus on one country then we can definitely say that bitcoin payment is really good and convenient. If we look at El Salvador, we can replace everything with Bitcoin. In El Salvador everything starts with bitcoins and what factories and institutions are paid by bitcoins. There people can take whatever salary they want in firat currency and bitcoin which makes the country really attractive. Now if the governments of other countries approve the replacement of fiat currency by Bitcoin then it is certainly possible to move forward economically. If the salaries of various organizations are paid by Bitcoin then I think it is definitely a positive step.
Bitcoin is growing worldwide every day. Virtual currency is censorship-free and central bank-free. Who wouldn't want that? You're right: El Salvador is leading. The first nation to legalize Bitcoin. "Crypto-paychecks" would be liberating if salaries were paid in Bitcoin. What a financial freedom leap! As we advance toward this crypto-future, we must address complex regulatory and security challenges. Im excited about the Bitcoin shift, but I know the road to crypto-utopia will be long and difficult. That makes it exciting, right? |
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The theory about BlackRock launching a 51% attack on Bitcoin is as believable as pigs flying. The resources required for such a maneuver are astronomical. Heck, even if BlackRock had the desire to go down that road (which it doesnt because its not a Bond villain organization), it doesnt have the means.
The idea that BlackRock would risk the investor's assets it manages to topple Bitcoin is absurd. Also, Bitcoin's hash power and block difficulty is so high that setting up a mining facility to control more than 51% of it would be like building a second Great Wall of China!
As for owning the majority of Bitcoin's supply, it's a different game of monopoly entirely. A vast portion of Bitcoin's supply is held by long-term hodlers who wouldnt sell for all the tea in China. The amount of Bitcoin that BlackRock could theoretically acquire is too small to gain majority control or significantly manipulate the market.
Why spread such baseless FUD, you ask? Maybe to create clickbait headlines or for a cheap thrill, who knows? But the bottom line is, Bitcoin's decentralization is its safeguard against such theoretical attacks.
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