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441  Bitcoin / Bitcoin Discussion / Re: Controversy over Bitcoin Transaction Water Consumption: Accerx Analyzes its Envi on: December 07, 2023, 07:04:25 AM
What's next? Bitcoin mining/transaction air consumption? The Bitcoin miners are going to consume our air so we can't breed anymore. Grin
What does this guy from Accerx mean by "Bitcoin transaction water consumption"? The water turns into steam and the steam drives the turbines, that produce electricity. After that, all this steam goes into the atmosphere and turns into clouds/rain. No water is wasted. Does this guy mean that some of the water gets polluted in the process and it's not suitable for drinking? AFAIK, there are water cleaning facilities(I don't remember their exact name in English) and they are capable of cleaning the water, so it can be good enough for drinking.
This is yet another piece of mindless FUD.
442  Economy / Economics / Re: Energy crisis? What energy crisis? Oil dips to 3 months low despite OPEC cuts! on: December 06, 2023, 11:56:39 AM
This topic seems to be more political, rather than related to economics. Unfortunately, global politics is really dominating the oil markets.

Quote
Iran doesn't have the balls to cut the Hormuz straight!

Iran cutting the Hormuz straight would make China and India angry. Of course, China and India could potentially increase the import of Russian oil, but I'm not sure how much Russian oil would be needed to fully replace the Saudi oil.
China spent a lot of diplomatic effort into deescalating the conflict between Saudi Arabia and Iran. Iran blocking the Persian gulf would mean another conflict with Saudi Arabia, and this time the Saudi Arabians will be mad.
I agree that the speculations about an energy crisis are just lies and propaganda, but a 80 USD oil price is still pretty high.
The world needs a lower oil price in order to help the global economy to avoid recession.
443  Economy / Gambling / Re: are bookies fortunejack.com & rollbit.com trustworthy with larger amounts ? on: December 06, 2023, 07:44:17 AM
are bookies fortunejack.com & rollbit.com  trustworthy with larger amounts ?

somebody can confirm betting on this 2 bookies with over 10k , 50k ? and no issues with withdrawls

I think that no bookmaker can be trusted with large bets. It doesn't matter if it's a small crypto bookie or a big fiat bookmaker.
Do you really plan to bet amounts over 10K on bookmaker platform? Why are you asking for Fortunejack and Rollbit only?
There are other crypto bookies out there. I wouldn't recommend any bookie in particular, because I don't want anyone to blame me for their loss(or for their future problems with the bookmaker).
AFAIK, some bookies become suspicious when they see ridiculously large bets on certain games.
Are you really going to trust some random guy on the internet, who will say "Yeah, I was betting 10K on Fortunejack or Rollbit and I had zero problems!"? I don't trust the opinions of random strangers on the internet.
444  Bitcoin / Bitcoin Discussion / Re: can't understand why Korea is in speculation on: December 06, 2023, 07:00:51 AM
I am 19 years old Korean. I am little sad because of people's mind here. I think Korea is an advanced country and I think Korea has a higher perception of cryptocurrency than other countries. However, I think Korea is investing(I think almost speculating) more in altcoins (Dogecoin, Ripple, EOS, Quantum, Solana, etc) than Bitcoin.  Their investment is around $50,000 (average Korean adult income per year). I don't understand why they spend all their investments on trashy altcoins with the money they can get from saving a year without spending a penny. $50,000 is money that adult men have to save for over 10 years in most countries except developed countries. If Korea focuses more on bitcoin investment, I think there will be a lot of new rich people in 10 years. What do you think? Koreans don't buy bitcoin, thinking there's no difference between bitcoin and altcoins.

1.What do you mean by "Korea is investing"? Do you mean that the Korean government is investing in crypto or you mean that the people and companies in Korea are investing in crypto?
2.Do you have any real evidence to backup your claims? Any link to the source of information? I don't know where did you get this 50K USD amount. Why would anyone invest money in a memecoin like dogecoin and a centralized shitcoin like ripple?
AFAIK, South Korea and Japan were the most crypto friendly countries in the world 5 years ago, but the governments imposed heavy regulations over the crypto exchanges, which kinda stopped the crypto industry in both countries.
445  Economy / Trading Discussion / Re: Free listing on the world's largest mining currency exchange on: December 05, 2023, 12:09:08 PM
CITEX (referred to as C Network) is the world's largest mining currency exchange. It was created in 2018. CITEX holds cryptocurrency licenses issued by multiple countries. CITEX ranks 27 in feixiaohao and 26 in coinmarketcap.
Now CITEX launches a free listing event to support the development of mining coins and valuable tokens. Hope to cooperate with all the powerful project parties.
telegram: https://t.me/citex_en
Website: https://www.citex.club

I've never heard anything about this CITEX crypto exchange. Is it really in the club of "world's largest" cryptocurrency exchange platforms?
What the hell is a "mining currency exchange"? Do you mean altcoins, that are profitable for mining?
What the hell is this "free listing event to support the development of mining coins and valuable tokens"? This seems more like shitcoin shilling to me. Truly valuable tokens and altcoins don't need free listings on a crypto exchange.
How many domain names does CITEX have? I did a Google search and there are citex.info and citex.io domains as well as the citex.club domain. Which one is the legit domain?
446  Economy / Economics / Re: Banks are the cause of millions of crypto project failures on: December 05, 2023, 11:34:05 AM
I couldn't understand most of the nonsense you have posted. Money printing creates deflation? Really? Grin
Anyway, I just have a few questions.
Bitcoin/Crypto is supposed to be anti-bank. Why do you think that the crypto projects should rely on the banks for their own success?
Most of the crypto projects were doomed to fail(with or without banks). NFTs, ICOs, pump-and-dump shitcoins, memecoins, shady crypto exchanges, De-Fi, etc. Do you really believe that any bank could help financially a crypto project, that is doomed to fail?
Why do you expect that the banks are supposed to help an industry, that claims to be anti-bank(or the biggest alternative to banks)?
This doesn't make any sense.
447  Economy / Gambling discussion / Re: Casinos after the shutdowns of mixers on: December 05, 2023, 07:57:05 AM
Quote
Now, you may be wondering about the connection between mixers related issues and casinos. The thing lies in casinos capability to facilitate untraceable transactions, enabling scenarios like depositing and withdrawing without a trace, potentially leading to money laundering.

The important question here: how will casinos respond to this new landscape, and what measures will they take and implement to face the challenges posed by recent developments? Probably many users will join casinos for an alternative of mixer.

Are you suggesting that the crypto casinos are involved in money laundering schemes by using BTC mixers?
This sounds ridiculous to me. Do you have any real evidence to prove your claim?
The crypto casinos can't respond to anything. BTC mixers aren't globally banned. The promotion of mixers will be banned on Bitcointalk in the next year.
Why do I have the feeling that many crypto users think that this is a global ban of mixing services? Why do so many people think that banning BTC mixers is something bad?
Many users joining casinos as an alternative to a mixer? This is plain stupid. You know that KYC is mandatory in most casinos, right?
You should know that there's a chance for the money launderers to lose their money, by betting in a casino(even with high odds).

448  Bitcoin / Bitcoin Discussion / Re: First Bitcoin Bar in Sofia, Bulgaria looks Interesting on: December 05, 2023, 07:19:39 AM
Such business model has it's pros and cons. A bar or restaurant trying to cover a certain niche instead of being generic and ordinary definitely helps for marketing. However, there are several problems with being open about supporting Bitcoin/crypto.
For example, who would want to buy a drink with BTC, knowing that the Bitcoin price might hit another ATH after several days(or weeks). Grin
What if there aren't enough Bitcoin supporters in the area? Most crypto enthusiasts don't want to brag about being crypto supporters and having BTC or altcoins.
It will be really interesting for me to see how this bar is doing to survive financially in the upcoming few months.
449  Economy / Service Discussion / Re: Where the mixers will promote their projects? on: December 04, 2023, 12:33:02 PM
Where to promote BTC mixers?
Forums like Cracked.io and Nulled.io(or even hackforums.net). The internet is full of blackhat/hacking/cracking forums.
Discord servers. Telegram groups. Social media profiles on Instagram, X, Facebook. Darkweb directories.
Why do you even care about the promotion of BTC mixers? The owners of those mixers will definitely find a clever way to promote them.
The problem is that nobody would be able to prove the legitimacy of those mixers. Most of them will end up being exit scams and some of them might even be controlled by FBI/CIA.
Or maybe it's time for the Bitcoin mixers to die and all the online criminals will just move to private altcoins like monero.
450  Economy / Economics / Re: Is there a correlation between liquidity and volatility? on: December 04, 2023, 11:50:56 AM
As we understand, liquidity refers to the rate at which you can easily sell an asset or investment and convert it to cash (this is the best way I understand it). Some investments include stocks, cryptocurrencies like Bitcoin, real estate, high-end wristwatches, and more. Bitcoin is highly liquid because at any time of the day, year, or at any place I am, I can easily sell my Bitcoin for cash. However, Bitcoin and other cryptocurrencies are also very volatile compared to other assets or investments. Yes, they are liquid but not necessarily non-volatile. Can I, therefore, conclude that the higher the liquidity of an asset, the higher its volatility?

The volatility depends on both the market liquidity and the supply. Yes, more liquidity leads to higher volatility, but only if the asset is scarce and the supply of that asset is limited. If Bitcoin was abundant on the markets(which is the opposite of scarce) the BTC volatility would be way lower, even though there's enough market liquidity.
There's an army of BTC HODLers, who help in keeping the BTC price high(because they don't sell their BTC). The Bitcoin price would collapse, if they decide to mass sell everything they have. I can't agree that Bitcoin market liquidity exists on the same level 24/7.
I think that the liquidity is closely connected to the market demand for BTC.
Sometimes, there's higher liquidity and there are periods when the market liquidity goes down.

451  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: December 04, 2023, 07:49:39 AM
Liverpool scored beautiful goals against Fulham, but their defense was weak and they let Fulham score three goals as a guest.
I don't know how Liverpool will manage to stay in the competition for the first place with such unstable defensive play.
Newcastle was definitely better than Manchester United and deserved to get three points out of this game. Ten Hag has to be fired by the new owner of Man United.
Man City and Tottenham had a draw and this proves that Tottenham is a really strong team. I'm sure that Spurs will compete for a place in Top 4 this season.
452  Bitcoin / Bitcoin Discussion / Re: Will you sell your bitcoin to blackrock? on: December 04, 2023, 07:23:02 AM
Imagine a situation where you own a house and a piece of land it's built on. You estimated the value of the whole thing to be $500k. One day someone knocks on your door and offers you $2m all of a sudden. Will you sell or suspect they know more than you? Maybe there's an oil deposit underneath your house? Maybe there's geothermal energy source? Maybe an international company has plans to build a facility nearby and will need your land for whatever price?

I'm asking this because if the funds get approved all at once there will be a large pressure on bitcoin's price and supply is, as we all know, limited.
Nobody buys bitcoin to sell it cheaper, so if they offer you $100k, they think it will go higher. If they offer $1m it's again going to go higher according to them.
Will you simply give it away once someone hands you $100k, or decide that it's cheap and they know more than they're willing to share?

So you are trying to compare Bitcoin to a house? This comparison doesn't work me. My house is the place where I live. I'm emotionally attached to it. It will be really hard for me to sell my house, even if someone offers me a great price. I'm not emotionally attached to my Bitcoins, so there won't be any problem for me to sell my BTC at a bull run or even at ATH, because I know that bull runs are followed by price corrections and bear markets. I will most likely sell BTC at a bull run and buy back at a bear market.
There's no way Blackrock to offer me to buy my BTC in the real world. Big institutional investors simply don't work that way.
Blackrock might offer me to deposit my BTC in their hot wallets, so that they could "manage" them for me. Grin
I would never agree to make such deposit.
453  Economy / Gambling discussion / Re: Why the rich win gambling more than the poor. on: December 03, 2023, 11:26:00 AM
I have observed that the rich, I mean those who are financially comfortable, win more in gambling than the poor. By poor, I mean those who do not have enough to meet all their needs. I don't know the reason for this. Could it be that the rich understand financial management more? Or could it be that the rich are less desperate to win which make them make better gambling decision? I really want to know the reason for this pattern I have observed.

Where did you come up with this info? Any link to the source of information? Where did you observe the performance of rich gamblers?
It seems kinda logical for the rich to be successful at gambling. If you have more money, the chances for you to hit a big win are higher.
By the way, the term "successful at gambling" shouldn't be taken seriously, because nobody is successful at gambling in the long run.
The casino always wins in the long run, so the casino owner is the only one, who is truly successful at gambling. I don't have a problem with this, because I gamble for fun.
By the way, if you are really poor(you don't have enough to meet all your needs) spending your money on gambling is the worst financial decision ever. Poor people should stay away from gambling.
454  Economy / Economics / Re: Bitcoin can save the USA and dollar on: December 03, 2023, 11:03:39 AM
Here is how and why , USA want to print Money off course USA china and russia can Do that they are world top export countries.
But If you print too much we all know "inflation"
Bitcoin can solve that problem the way that goverment will buy the bitcoin with printed money so btc price will be high and whenever the USA need to spend on military or something the payment will be done by bitcoins.
Same time fed can print and only small fraction of this printed money goes to people or economy most of the funds must go to the btc and btc will be accepted as form of payment to settle payments.
For example: USA want to buy from china so fed will print money and put this money in BTC the btc price goes up and btc will have value and you buy more with btc than any other currencies.
We are not talking about buying food or small items with btc we talk about export and imports between the countries.
Untfortunately stablecoins not solving the same old problem the inflation.
The bitcoin can solve this problem If countries will place restrictions and rules over fiat currency transactions but instead of fiat they use btc.
Not usa but all the countries can print and allocate most of the money in the btc and then using the btc for payment settlements.

What if all other countries don't accept Bitcoin payments? You can't buy anything with BTC this way?
Certain requirements should be met, so that a currency like Bitcoin could become a global medium of exchange.
This currency should have stable price/value(Bitcoin definitely doesn't have that) and it should not be manipulated by any country.
Your simple theoretical model shows that USA must manipulate the value/price of BTC and I believe that no country in the world would accept payments in the form of a financial asset, which can be manipulated.
The process of dedolarization was driven by the fact that the USA is trying to weaponize the US dollar. You suggest that the USA should weaponize Bitcoin, but this might lead to "deBitcoinization" around the world.
455  Economy / Gambling discussion / Re: Do not gamble with Loan Money~otherwise you will be in danger like me on: December 03, 2023, 07:47:05 AM
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for this I borrowed 270000 BDT ($2180) from the bank and deposited there. But unfortunately I lost them. Now I am financially so weak

So the bank just gave you 2180 USD just like that? What kind of collateral did you provide? Did someone guaranteed this loan for you?
Did the bank analyze your financial situation and decided to give you a loan without knowing that you are "financially weak" and you will have great difficulties are repaying the loan? Dude, I want to go to your country and get bank loan there. It seems really easy. Grin
Jokes aside, I'm sorry about your financial situation. I really hope that you will be able to make enough money to repay the loan.
And yes, gambling with borrowed money is a huge mistake.
456  Bitcoin / Bitcoin Discussion / Re: The Paradox of Privacy and Decentralization: Banning Mixers on Bitcointalk.org on: December 03, 2023, 07:14:12 AM
Quote
The Ideological Conflict:
At its heart, Bitcoin is a decentralized currency. Mixers, which enhance transaction privacy, seem like a natural ally to this cause. Yet, their banning on a platform dedicated to decentralization is contradictory. Does this signify a shift in the community's values, or is it a necessary compromise?

Why do you think that decentralization and privacy are connected? Bitcoin is decentralized and transparent. Transparency isn't something bad.
If you really want privacy, just use altcoins like Monero. I don't remember anyone saying that it is mandatory for Bitcoin to become 100% private.
BTC mixers will be banned from Bitcointalk, but that doesn't mean that they are banned from the entire crypto community. Theymos just doesn't want problems with the authorities for promoting mixers, that are involved in illegal activities. Even after Jan. 1 2024, you could find BTC mixers on the darkweb(or somewhere else) and use them(at your own risk).
Just like other forum members have mentioned:
1.BTC mixers are centralized, so you are kinda contradicting to yourself, by saying that mixers are crucial for privacy and decentralization.
2.Somebody using a BTC mixer clearly has something to hide, which always has been suspicious.
If you aren't doing something illegal with Bitcoins, then why would you need a BTC mixer in the first place?
457  Economy / Gambling discussion / Re: UEFA Champions League 2023/24 Season on: December 01, 2023, 12:37:53 PM
Manchester United didn't play bad against Galatasaray, but the mistakes made by Andre Onana were crucial for the end result.
Maybe Ten Hag should finally decide to use United's reserve goalkeeper and put Onana in the list of substitutes.
The other game I watched from this round of the group stage was Benfica-Inter. To be honest, I didn't see a penalty for Inter in the end.
The Inter player was clearly simulating. Anyway, lots of goals were scored, which is great for neutral fans like me.
458  Economy / Gambling discussion / Re: Risking 1% in Gambling on: December 01, 2023, 06:50:32 AM
I usually gamble with small amounts of crypto, but I've never calculated the exact percentage of monthly income I use for gambling.
I'm sure that the percentage is bigger than 1% , but not more than 5% of my monthly income.
Setting such limitations might ruin your gambling experience, because you are always aware that you shouldn't spend more than a certain amount. This is kinda annoying, but on the other hand, having such spending limits is important to keep you away from "chasing loses" and getting addicted to gambling.
459  Economy / Gambling discussion / Re: Its A Gambling Joke But Reflects Bad Things About Gambling on: November 30, 2023, 11:58:49 AM
How about this joke? I don't find if funny at all, but that's just me. Grin

Quote
Poker is like sex – everyone thinks they’re the best, but most people don’t have a clue what they’re doing. ...

I think that this joke doesn't apply to poker only, but to all gambling games in general(and maybe even to sports betting as well).
If you are a compulsive gambler(or a gambling addict), you are thinking that you are good at gambling, while constantly losing money.
This is delusion beyond stupidity. It's like being rich, having a hot "gold digger" girlfriend and thinking that she is with you because she loves you and not because of the money.
There aren't good or bad gamblers. There are gamblers, who can control their spending and behavior and there are gamblers, who can't...  
460  Bitcoin / Bitcoin Discussion / Re: Ransomware Cyber Pirates strike again and rakes in more crypto! on: November 30, 2023, 07:34:01 AM
The best way to deal with ransomware is to NEVER PAY THE RANSOM.
If the network gets hacked, the companies will have to rebuild it from scratch with backed up data(assuming that they are backing up their data). If they don't backup their data, this means that they are totally unprofessional and irresponsible when dealing with sensitive info.
Cryptocurrencies should not be blamed for the existence of ransomware. What if the hackers are asking for gift cards instead of crypto?
Does that mean that all companies issuing gift cards are guilty for the existence of ransomware? 
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