Conclusion:
Sig camps must stay. Yes - signature campaigns should must stay, but signature campaign operators may need to increase their awareness of enforcing these guidelines: Signature Campaign GuidelinesI know that LoyceV has said this before me on the first page - but campaign managers also have a responsibility to reduce spam from participants. The above guidance explain many of the responsibilities of a campaign manager or operator in running a signature campaign - so therefore may require improvements in implementation. I think campaign managers, especially those who have been doing this shit for years now like Hhampuz and Yahoo's got all their ducks in a row when it comes to campaign management. I see campaign managers here being very diligent about keeping the quality of their members' posts in tippy-top shape, so I don't even get why the need to reiterate this even exists, and don't get me wrong, I know they need to hear this, but it's not like they don't do it or are not planning to do it anyway. What we should really look into are the posts of newbies here, prime example being that one clown who literally created an account to post a single message in this thread. Most of the newbies that I see here either create subpar posts that don't contribute anything to the discussion nor to the overall health of the forum, and even if they do, we run the chances of them getting it from good old ChatGPT or from an article they plagiarized somewhere in the internet. If we wanna bust the shitposters here, I think you'd find little luck looking for them in established campaigns like those handled by the aforementioned Hhampuz and Yahoo, look for the posts made by newbies here and you'd realize just how doo-doo their post qualities are lol and I'd promise you that the perception about signature campaigns being the main source of shitpost here in the forum's gonna be dispelled rather quickly. |
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One thing that I notice among gamblers who fall off into the deep end is that they are either stressed and find gambling as their only available way to wind out or they're shut-ins with no family to really depend upon.
Which makes me think that most gamblers who become addicted eventually only dig their own graves. And very rarely do I see families being affected by it, but when they do get affected, oh boy is it scary. That is because for the most part, family-men know what their limits are and know that there are other ways to have fun besides burning your money inside the casino. If they do play within the casino, I can see them toting their family on the way there, great example of this being my girlfriend's dad who's an avid bingo fan. He gambles quite occasionally, and every time he does he treats it as a form of bonding time with his family so everyone at the end of the day keeps their sanities in check and no one is really addicted.
On the other hand, I can use myself and a close friend of mine as an example for the former. Back in 2020, due to being alone and sad from the quarantines brought about by the COVID-19 pandemic I found gambling to be the game, eventually since I don't have anyone or anything to really confide with back then I became addicted to gambling and it most probably wouldn't have happened if only I had friends to hang out with personally and not just through calls.
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Honestly, I couldn't care less for whatever material they make the dices, as long as they are weighted before play and are not rigged, cause cheating takes the fun out of everything you heavily involve yourself into.
For me, it all lies in the overall trust rating of the casino you're playing with. I mean, a casino that's trusted by millions of players around their area and possibly the world's not gonna be so cheap as to cheat their players into a couple hundred bucks by giving them a loaded dice. After all, they already got the house edge to give them the upper hand against the players from the get-go. The only time you'd ever be worried about the legitimacy of the dice you're playing in my opinion is when you're playing with a shady casino. Those back alley ones that you'd find behind a dumpster with a burnt-out neon signage, and in that regard I'm gonna ask you the question of why the fuck are you trifling with casinos like that in the first place and then complaining about how rigged their systems are. That's like point a gun at your foot and then blaming the gun when you get a bullet stuck inside your foot.
Questions like these do not instill quality in my opinion, even though I get the intent to spark discussion. This is one of the reasons why gambling discussion's regarded by many vets in this forum as the dumpster fire board. We got people asking questions they already know the answers to for the sake of asking.
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It's been a year since I've joined this forum and I was somewhat reluctant in opening an "Ask me Anything" thread due to all the spam going on in the gambling section, but several users requested it, and I've also enabled self-moderation to battle the spammers. Hopefully it will be a fun exercise where we can all together make this section more interesting.
So, I've been in this industry for a while now, I'm part of a team that operates several brands, and have also worked within other operations, including MGA, UKGC and Curacao licensed brands. I would say that I know the ins and outs of most of the operations out there, including some high end competitors, and I would love to share any insights or answer any burning questions that someone outside of the industry has. I'm not the owner of the casino though, so I'll not be able to answer questions targeted towards that area of the business, but I can try to shed light on anything else.
I can cover almost anything, game selections, bonus methods, VIP players, troubles with the law, license structure. You can ask anything, and if the questions are really interesting, I'll include them in this post as an edit.
Regarding the self-moderation aspect of the thread, I will not abuse it. I don't mind entering a proper argument, maybe you'll learn something new, maybe I will. But if I smell an AI-written post, or a random one just to boost your campaign numbers, I will delete it. I already created more than enough cool threads that got eaten up by spammers, I don't want this one to be another of those.
On the topic of the licenses in the gambling industry, I have a quick question I'd like to ask. I've been seeing a lot of casinos nowadays, even the most obscure ones and more importantly some that are tagged as scam in this forum or somewhere else be able to get their seals of approval from Curacao (like the notorious 1xb_t which received quite the backlash in this forum) and other license providers in the industry, and to that my question is, is it even worth it to grab licenses from these figures at this point? If it is, why? And what are their processes of granting licenses like, if it's okay for you to tell us. Asking cause to me it feels like the value of licenses at this point has become so low that it's way more economical and smart for a rising casino to just establish reputation by word of mouth than get themselves licensed by Curacao or whatever. And how long do you think it would take for this leniency to actually affect the general public's perception of gambling licenses and in turn casinos who get themselves licensed by these providers? Thanks if you're able to answer this, thank you anyway if you couldn't as I saw you being very smart and eager to answer the people's questions here which I truly appreciate. |
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Funny enough my dear gamblers, something artrageous just happened within i and colleagues at work where we engaged on a "guessing and challenging game" daring ourselves in such a critical and lucky guesses.
E.G, *Guess where I am from.
*How many kids do you think I have?
* How many hours/minutes do you think I drives from my house to work?
* What high institution do you think I attended?
* What is my 2nd childs shoe size?
These is a scenero of such game. Behold dear gamblers, someone in our midsts was able to make an exact 10 right guesses out of this challenge meanwhile others could even make count of a single right guess
This opted one of us to say to the champion that.... Oh wow, man, you are professional guesser. Maybe someone like you could be a professional gambling predictional.
I am concerned to ask, can such a person build a gambling carrier with such an excellent guessing prohibition? Or he should trash it all and believe that gambling predictions remains a game of luck?
"Even a blind pig farts up a truffle every now and again" -Brok of the Huldra Brothers Saying that something like this is of coincidence only, and not something you can dependably rely upon if you're looking to make this into a living, not even as a gambling prediction carrier as you try to put it. I'm guessing you guys drop giveaways that he was able to perceive that's why he was able to make good guesses, but even if that wasn't the case I still wouldn't put my money on him winning anything of substance in the casino. I'd argue that he'd even have less of a chance winning anything if he tried his luck on a full-fledged casino? Why? Cause compared to the outside world where the chances are just as fair as it could get, betting on a casino's comparably harder cause you're basically not only fighting against chance, you also have the casino trying to make money out of you. Say we put that to the test and actually set up a dice game in a well-known casino for your good guesser friend to play with. Nine times out of ten he'd be going home with less money than he came with cause not only is he going against the house, he also has his chances cut short from the get-go. And this is with a regular "fair and square" casino too, imagine just how low his chances would've gotten if he played with just any other casino on a dirty alleyway. Chance isn't something you can play with, nor to trifle with. Expect losses everytime, |
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Could be the sign of China's weakening powers as it collapses under its own weight just like what happened during Mao's reign. You would think that after killing hundreds of millions of chinese people to starvation and forced labor China's going to realize what they are lacking and yet here we are.
China's not in the best state economically from the get-go. Their economy's a massive bubble that they tried their hardest to keep within themselves. Elites of the elites there can't take their money out of China without risking their riches being seized by the government to be "repossessed" cause they basically hold the economy and social standing of China together. Their housing bubble collapsed before the rest of the world did as firms default on their loans. Education is going to the shitbox as kids who are very reliant on their boarding school setup are left to be homeschooled during the Pandemic. Factory workers aren't getting paid and if you put up a strike you're immediately silenced in one way or another. It's a massive shitshow out there but this is not gonna be enough to allow other countries to be complacent. They still have their nukes which are very much paid for by the by, and if a country ever tried to pick a fight with them they'd realize why China's going ham on military over the past few decades.
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Trading is not a get rich quick scheme as most newbie think, it's more difficult that we all can imagine, but their is always a way to navigate your way in trading so as to come out profitable.
The main reason why most trader fail in trading is that they are not trained in the craft, most experience traders as they call their self don't even know how to identify the least support and resistance, talkless of knowing how to react when they see some certain chart pattern or candle stick pattern.
The skills I believe that are required to come out profitable in trading are;
* Knowledge: know the craft, know what you are doing, don't trade on assumption.
* Know how to control your emotions: it's very important that you know how to control your emotions like fear and greed in trading.
* Know how to manage your risk: knowledge and emotional control gives you money, but proper risk management skill protect your money and your gains
most mistakes of traders are;
* Thinking it's a get rich quick scheme or thinking that it's easy.
* Having no proper training in the craft to attain knowledge about it.
* Watching one two or three video's on YouTube by one YouTube influencer and think they are ready for it or thinking they have known the craft.
* Having no experience traders that is good in the craft to guide them.
I think one of the most unspoken yet biggest reasons why people quit trading even if they have a high chance of succeeding later down the line is because of the fear of failure. There are a lot of traders here for instance who have taken long breaks and hiatuses all because they got traumatized by a massive loss they took in one of their trading sessions. It's not about thinking that you're going to get rich quickly, I think anyone who had a basic understanding of trading knows that you have to put in an equal amount of effort and dedication to trading if you want to really profit. It's all about risk management and not expecting massive losses to come their way. I've been like that in the past. I lost almost all of my crypto holdings in one go and I went crazy to the point of not just quitting crypto altogether but quitting life itself. Looking back there are of course ways and opportunities that are looking at me in the face I couldn't see because I was so busy moping and sulking, and yet I don't fault myself for it, and nor do I fault people who quit trading cause they got scared. It's a normal response, it's not like money grows on trees anyway. However, it's a massive step towards success if you are able to get past this and still trade despite the fear. If this is you, I congratulate. |
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Currently learning the ropes about extensive ad management through google analytics and meta pixel. I have basic understanding of how to operate it and how it works initially, but I'm shooting to get certifications for it cause that's one nice-looking badge your future employer's gonna praise you for should you wish to go corporate. Apart from that I'm looking to finally get certified as a professional scrum master. The 200 bucks fee per attempt is a little daunting even for me but honestly, it's better than not taking the test at all and hoping that your future employers take your word for it lol.
As you can see, I'm collecting a repertoire of skills and certifications that are suited for the corporate world and that is not because I don't believe in the crypto world anymore or whatnot. It's just that these past few years i came to understand that being prepared for anything, including prolonged periods of stagnations in the crypto world is better than not doing anything at all and splurging at the moment. So, just in case we're bracing for another crypto winter either before or after this halving, I'm preparing myself to have a bit of a safety net financially until such a time that I can come back to the crypto world without worries.
I implore people to do this as well. It's gonna take some time yes but the effort will definitely pay off especially if you have the penchant for these kinds of things.
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There is already a Lightning Network and some side networks that support Bitcoin and USDT tokens, so you must make a comparison between what you are trying to provide and the solutions currently available and what makes you superior to the liquidity network or the Lightning Network. The problem of high Bitcoin fees will require many solutions, but there are solutions in the market, so it is necessary to present your idea in depth.
Lightning network and all the other layer 2 solutions you're saying isn't cutting it. As you have seen in the past price actions of transaction fees in the bitcoin network. For one, nobody wants to use them since they are cumbersome and some people believe it takes away at the decentralization aspect of the crypto industry. Which means there is a clear and apparent need for effective layer 2 solutions on the bitcoin network otherwise we're going to have to deal with the large transaction fees and long wait times until the end of bitcoin, which it could even ensue given just how much people love cheap and convenient things. I don't personally swear off of the Lightning Network, there was a time when the system was promising enough, but nowadays it's nothing more than a glorified payment support system that doesn't bring in what it promises to the table. So make the choice. Do we stick with ineffective solutions, waiting for them to finally work (which is futile and insane mind you) while the rest of the industry is burning to the ground, or do we actively look and research for solutions like anti-trust solutions like ZK to finally have something to combat network congestion? Cause from last I checked no one's going to be happy with increasing bitcoin's block size and there's no real solution present right now except waiting out the traffics. |
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I say that everything involving ZK and Layer 2 Solutions are either going to be the Jesus of the bitcoin network, or another trash attempt at solving a decade old issue. This one feels like it could be up to something honestly. One of the major concerns of people with using systems like these is that it sometimes takes away the "decentralization" feature of bitcoin in favor of faster and cheaper transactions, BSN's use of these readily-available technologies could be good, but it needs further in real life testing to really prove its worth in my opinion.
I am yet to test whether Nostr really is a viable system or not since it was just recently released but if the hype around it is warranted then we might have the better lightning network looking at us straight in the face right here. I'm kinda skeptical about this but at the same time a little excited about what it could bring to the bitcoin network, especially since nowadays we experience network congestions and high fees every other wednesday which is not good for business.
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There was a recent thread about this case, looking at the answer, it's either you create a multisig wallet, extended passphrase, or just having more than one wallet. But if someone getting kidnaped when he only have one wallet and the attacker know about that, well it's better to let your money go than your life. Since you've create this thread, I guess there's no excuse anymore as you've know to overcome that.  I say the content you quoted here's a little bit of a stretch against what OP's trying to suppose but it's still good advice. Personally I'd say it's stupid of the kidnapped to be using a single wallet for all his bitcoins in the first place, When some of the average joes in here are not even comfortable saving their wealths of bitcoin in 2-3 wallets. But we're in here, we can't really get out of the rut unless we spit out the key phrases, and yet I think I'd keep my mouth shut about my passphrase and just let them have their way. 90% of kidnappers kill their victims anyway, so my chances of getting out of there alive is already slim. If I give them an advantage over my family I'm just gonna be dead and my family's gonna be left penniless lol. I'd carry my passphrases to the death and would not tell a single soul except my future family about it. Heck I wouldn't even tell them about it until I know I'm gonna die cause they might just hasten the whole ordeal for me so they can get inheritance moolah which seems to happen a little more often than most of us think. |
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Here's the thing. I think the forum's gonna be whack if we don't take the chance for advertisers to get in here and make profit.
Bitcointalk's not running on hopes and dreams, pretty sure the moderators here pay a fee to keep the site going and traffic alone's not gonna cut it which I guess they get the funding from advertisers who request to be accepted into this forum. Besides, it's also worth noting that for some people in the bitcointalk campaign management team this is pretty much their major side-hustle or full-time job. A job that only exists because advertisers see this forum as a hospitable place to set up shop. You take that away and you're ridding people of their means to earn money, and with the current financial and economical landscape I doubt that some of them would even get accepted into McDonald's (not to misinterpret, I know a lot of our campaign managers are smart fellas).
The thing is, there's a whole economy in this forum that is only possible because signature campaigns exist, and in the argument about signature campaign members posting shit content, I'd argue that you look into those who doesn't have signatures. Cause campaign managers here like Hhampuz are quick to kick people who they deem as members who bring nothing to the topic and the forum, keeping the whole integrity of the campaign intact and in turn, bringing in fresh and relevant comments/posts within the forum.
So yeah, signature campaigns are a must-have if you want this forum to continue running. It's cool on paper to see people who are doing god's work for the sake of passion but that's not gonna pay the bills my friend.
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I feel like this is a personal attack or something lol. In any case, here's a piece of my brain regarding why I like to post "essays" as you put when I comment.
First off, I'm more of a follow your train of thought guy rather than someone who's more comfortable with brief and concise thoughts. I feel like I can express myself much better that way than if I had to strictly follow mechanics for posting or whatever. Second, I think moderators and campaign managers like content-heavy comments more than those that do not have a lot of thought put into them. In that way I get my comments secured from removals, I get higher chances of being accepted into signature campaigns (which I would lie if I say I am against cause what the hell you're getting paid to say your mind), and I am able to provide more noteworthy content to people who need it, especially those in the gambling section which I frequent in. If you see just how degenerative most comments in the gambling boards are, you'd come to realize why posting more informative and hence longer comments become necessary rather than a stylistic choice.
I guess that's about it really for me, but there's also something that I believe could be one of the reasons why you think more people post longer content here.
We got reputable members in the forum like franky1 and The Sceptical Chymist who post short comments generally, but these people every now and again post comments as long as mine as well and I think it just catches the people's eyes when people as famous as them make long posts/comments.
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The impact is only that more people teleport from btt to altt. But I hope that everyone who teleports can still maintain the security of their account on BTT. By not using the same password to be in different forums but with the same name. Because if one of the accounts in the forum has been successfully infiltrated by someone else, it will be the same as our accounts in other forums. So the most important thing is to have a different password for each account we have on other forums. Not only on altt but also on other crypto forums, which are actually quite numerous at the moment even though the traffic is quite light.
I don't think that's going to be the least of their concerns or worries as I noticed that most users who got their accounts teleported from BTT to ALTT end up using the very same email they used to sign up to this site as well. Which means that regardless if they used the same password or not. A hacker determined to really get a hold of some BTT user's details will be able to use their email as an access pass without real issue. The greater concern lies in the fact that this change led to fewer campaigns, less traffic into the forum, and the fact that energy is diverted from everywhere else in the forum to gambling discussion, since most of these signature campaigns (including the one that I'm on right now) require their members to post a couple comments in the board. The latter's not necessarily a bad thing as more people means the gambling board can finally get its break from stupid users creating shitposts and shitcomments but at the very same time this takes engagement out of the more important parts of the forum in my opinion. We may not notice it right now but as more gambling sites push for advertisement here it's going to be more and more apparent. Pretty sure theymos got's something up his sleeve as what many people here have thought since you can't just issue a massive change like this without weighing in the consequences, but at the same time it's better be good lol. |
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Speaking in Davos on Wednesday, JPMorgan CEO and also a well-known bitcoin critic Jamie Dimon made a suggestion that Satoshi Nakamoto might lift the limit on the number of bitcoins, which as we know is 21 million BTC. How would you comment on such a statement? Referring to the limited supply of Bitcoin, which is to mirror the properties of gold, Dimon said he doubted the finality of the 21 million Bitcoin supply maximum, saying: "I think there's a good chance, when we get to that 20 million bitcoins...Satashi [sic] is going to come on there, laugh hysterically, go quiet, and all Bitcoins [are] going to be erased. How the hell [do] you know it’s going to stop at 21?"
No he can't. The thing that people mistake bitcoin for is that they assume it could be altered by its main developers or Satoshi Nakamoto himself, But that wouldn't happen and that couldn't happen because of its immutable technology. People have tried to argue otherwise in the past to no avail, plus the community almost always agree to never touch anything within bitcoin's code or system which is why we're still dealing with the aftermath of the blocksize wars to this day. It's just going to be the case till the end of bitcoin's existence and no one will be able to change the 21 million supply, or anything that is related to bitcoin for that matter. If you want to change bitcoin you're going to have to issue a hard fork that will create another form of bitcoin with your own sets of bells and whistles. But bitcoin classic will remain the same as it is and you can't change that. I do have one concern that pertains to this very subject. What happens when the miners begin to mine in the .00344 range or .000022 range? I would try to considered the fact that the average person has trouble counting into the hundreds let alone the thousands and the numbers in the future will feel backwards to the average person. This isn't going to make BTC obsolete or anything. However, it by no means is going to add value to BTC. What will we do? Begin to browse Amazon for an item and try to purchase something with .000025 BTC? I know this creates a problem. Who has the solution? Altcoins etc? When does BTC decouple from the fiat? LOLz BTC
By then I think the solution lies in the Satoshis. Right now they don't mean shit but when bitcoin becomes so valuable that even mining it would mean useless like what you're trying to suppose here, Satoshis will be the miner's best friend. I'm not really sure how viable this is but as someone who's been in the industry for a while now this question has been asked quite a couple times and I've seen people talk about sats being the solution to this valuation problem. |
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There is so much expectation about the bitcoin Halving, and it has even attracted many investors to bitcoins who want to be able to profit from bitcoins after the halving. What is expected to happen during the halving? It is expected for bitcoin to set a new All time high price. After the Halving, what do you think may happen? Do you think that the number of sellers will increase after the halving, sellers of bitcoins from people who want to cash out on the profit they have made? Or do you think there will be a reduction in interest of buying bitcoins because of it already very high value that new investors will know they cannot profit from anytime soon?
Nothing. CZ best explained this in a tweet that he made last year where he basically summed up what goes on before, during, and after the halving. The first few months before the halving, people are going bonkers and excited over it. A lot of speculations happening on just how high bitcoin could go this period, how fast the bull run will arrive, and all that stuff. After the first few months comes the halving itself, where people celebrate and shit, we're going to experience a price pump during this period and it's expected, but since there's nothing to really go for besides the halving, the price will immediately correct itself, and people are gonna go crazy cause they thought the halving's going to solve the price crash or whatever. A few months after, that's when the real bull run starts. It's either because the people anchored to another amazing and profitable technology that they could make millions out of, or a support from a prominent crypto personality which will drive attention and engagement from the people outside inwards. After a year or so the price will crash cause of issues, scandals, or just the hype dying down eventually. This is usually the time where people post shit like "bitcoin is dead" or whatever the fuck. And the cycle continues for another 4 years. This has been the case since 2012. And this has been graphed by a lot of data scientists in this industry. At this point I'm just gonna put a foot on the door and watch as the whole thing pans out. I'm not gonna be affected by any hype or whatever. |
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Many of You Don't know this but france will take over to be world power force of military and Economic power house.
Last year france have secured their gold reserves most france have world biggest Economic reserves now.
Also france have established good diplomatic relationships all over the world.
The Country wich has world biggest reserves and best diplomatic methods are the world leader.
Congratulation from me france is new world leader
The Putin will join with france very soon... And Germany will be also france biggest allies.
Every world important decisions will go trhu france!
The Quebec state of canada will join the Forces with france.
The anglo saxon power is finished!!
The france will have so much power that Even China will have to respect france!
By the 2021 world biggest leader and military force will be france with best diplomatic methods.
It's been years and while America is definitely weakening I don't see this "America is losing to x country" narrative. Every country's struggling right now, even those that we think could contend against USA like China. It's say that it's almost to the point of propagandism that we're seeing stuff like this and it grinds my gears cause just like the "bitcoin is dead" notion it's like every time we see something go wrong with America we immediately assume it's gonna fall next year or whatever. As I said, there's clear signs of struggle on the US's side and it's likely that within our lifetimes we see them handing over the superpower crown to another country, but to immediately assume with specific timeframes that it's going to fall to this country or that state is just a bit annoying at this point lol. Russia's in no position to set a war against the west when they can't even finish the war they started against Ukraine, Israel's busy fighting Palestine, The EU is dealing with their own problems that they can't even fix themselves, China housing and economic bubble is expected to pop anytime soon, Japan's economy is dwindling and so does its birth rate, and people in that country are killing themselves, while US is left to fend off for itself but it doesn't matter when the whole world is burning anyways. |
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Boracay island already get another title as a "Bitcoin island" by Pouch a cryptocurrency wallet service provider here in the country. Bill Mill, the Vice President of Pouch stated that... If all the remittance markets were to switch to bitcoin as rails, it would increase the GDP of the entire country by 1% Source: https://bitpinas.com/cryptocurrency/pouch-ph-boracay-bitcoin-island/You can watch foreigners exploring on Bitcoin island here: https://youtu.be/TyDBiBMYP6M?si=FIWIBiQn0Xmq-BPnhttps://youtu.be/n5sDNRuUiWg?si=C50MlpvmPlQLliZlhttps://youtu.be/ftHLO9gaUb4?si=3aWNt1_8Eceuq9IASince Boracay is one of the most beautiful tourist destination in the world that accepts Bitcoin payment I think it will boost the country's economy by attracting more and more foreign crypto enthusiast and tourists around the world. And I can also see booming local businesses getting into Bitcoin transactions on that island. So my question here is that, does the Bitcoin thing on this Island really has impacts to the country's economic growth in the long run? Do you really think that this kind of business model has potential in the future or just some kind of a trial and error? Is there any possibility for local remittances to worry about this innovation? Please share your thoughts. I say the Bitcoin Island as they say it is a little more hype than reality really. I would know cause I've visited that place last year with my girlfriend, and let me tell you that while it definitely prides itself as the only Island in the Philippines where bitcoin can be used to buy items and shit, it's not as prevalent as you might think. For example, there are only a couple stalls and stores in there that actively accept bitcoin as a payment option, shown by the bitcoin signs on their doors when you enter their establishments, local inns and rooms aren't accepting bitcoin and are only accepting money in the form of Gcash or Fiat, and so do their local food hubs. The island's still far from its dream of being a crypto-centric space in the Philippines but I can see the effort and I applaud them personally. But for people like me who are really interested about the whole bitcoin island shtick it's a little disappointing to see just how different it was from what we envisioned. If you're going to visit Boracay as a tourist spot you will never be disappointed. It's beautiful and it's got one of the most beautiful beaches on the planet. The people are nice and the night life is crazy cool. However, if you're going to visit Boracay for the sake of its bitcoin island title, I think you should lower your expectations. |
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People usually have the illusion that by saving money they are making a great deal, while in fact, the truth is that to save is nearly to useless when thinking on achieving financial progress in life. An independent middle class citizen, without the burden of a family on his back, can save enough money to buy the car of his dreams or the property he always desired living on, since he is commited to these goals, making a lot of effort and cuts on his expenses in order to accumulate enough money for that.
It's not easy, but not impossible, anyway. However, even though the system allows him to achieve those purchases, it doesn't allow him to maintain the patrimony and vehicle, because to possess such goods, someone has to pay yearly taxes to the government. The more expensive your car is, the higher the tax you are going to pay. The more expensive your house is and the best localized it is, the higher will be the tax to be paid.
To have to pay an annual tax for something you own and paid with your own money to possess is ridiculous...
This evil rigged system never allows a middle class hard working person to reach too further on improving his life standards. If he doesn't have a large income, he won't reach anywhere. To be a disciplined saver along decades of his life isn't enough.
Moral of the story: don't save money for more than one month. As soon as you accumulated some amount of fiat, put it into an investment and make it generate passive income for you, although you should avoid banking investments, since they usually pay below the inflation. Go for Bitcoin and assets when there isn't enough money to invest in something bigger. There is no assurance you will defeat the evil rigged system which smash common citizens, but at least you will be trying to overcome it...
Saving isn't really for "earning wealth" so to speak. It's to make sure that in situations where you would need money badly, you got something to pull out of your pocket. You can't really do that on an active investment cause everytime you pull out money you're taking value out of your assets. So the notion that "saving is useless cause you can make money while storing your money by means of investing anyway" is just a little too hasty of a thought. If you're capable and it's possible for you to have these two, then great, but if you're someone who's not really that able to invest on anything as of the moment but is able to save a couple dollars every month then I would say go for it and save it in your emergencies account. Always remember that the smart man invests, while a genius invests and saves his money in different portfolios to make sure that his profits and losses are isolated, and that he has something to pull out of his pocket for when the situations are dire for himself. Again, don't hate on people who save their money. They have their own thing that works for them. I'm pretty sure these people have already thought about investing themselves but otherwise voted against it due to certain factors that only they could know, and would you really hate people for just being smart with their money and finances like that? |
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As a businessman or salary earners here are tips on how to stay poor in life.  1. Spending your money on unnecessary items immediately the money arrives. Trying to prove a point to people by living a standard that is above your pay grade. 2. Live on one source of income. Everyday of our life our responsibilities and challenges keeps piling up accumulating without consideration to our financial capability. The economy and cost of living continue getting worsen. So in order not to be able to beat this piling settle comfortably on a single source of income flow. 3. Become an extremely cheerful giver/lender to friends and family. A wisdom quote I read somewhere said, "if you want to lose your friends and family lend them money". Keeping doing this and you going to be successfully poor. 4.Learn how not to mind your own business, making every events around you your concern even when it doesn't affect you. It's a nice way to make cool enemies. Etc. I trust you all get the sarcasm as conveyed. Personally, as someone who has been both in the poverty line and in the comfortably living side of life, One thing that I keep reminding myself of is that you're not gonna be here everyday, so while you're at it, make the most of what you got and make sure that you're leaving the people you love with something just in case. Which is why I don't really hate on people who think they deserve to splurge out a little bit every time they feel like they deserve it. Especially breadwinners who never had the chance to really experience how life works when you're earning your own bread and spending it on yourself cause they gotta support their family. That once in a blue-moon massive spend is more than enough to keep them sane while they are not just building themselves but the future of their mom and dad. I say for the meantime, don't push yourself into thinking that you're late and you're not gonna get anywhere if you keep spending on stuff. As a human you have needs that can only be met by spending and no one's gonna call you out in public for spending on shit anyway so have fun, and once you feel like you've had enough of the fun start learning to be more responsible, it's way easier to discipline yourself when the temptations have already been met rather than fighting against it. |
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