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581  Bitcoin / Bitcoin Discussion / Re: Bitcoin Lightning Network Growth 1212% in the last 2 years on: October 13, 2023, 05:38:29 AM
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Sam Wouters, River's research analyst said the figure was "surprising" due to the drop in Bitcoin (BTC) price and loss of interest in online searches.
The report revealed that Bitcoin's price has fallen by 44%, while online searches for the top cryptocurrency have fallen by 45% since then, yet Lightning Network continues to grow.

The research analyst highlighted that Lightning Network has achieved a lot despite the market downturn and only having 5,000 BTC locked on the network.

Is there supposed to be a correlation between LN's growth and the Bitcoin price growth? I don't know why Sam Wouters is searching for such correlation. LN is supposed to be growing in times of high transaction fees, when the BTC blockchain is congested. There was such time frame(due to the Bitcoin Ordinals, I guess). The Bitcoin price and the online searches about BTC has little to do with this.
5000 BTC being locked in the Lighting Network proves that there's no actual growth of LN. It's just a bunch of channels inside LN, that are transacting more often between each other.
582  Economy / Economics / Re: Bitcoin Is Better Than Digital Gold on: October 12, 2023, 11:40:19 AM
The connection between gold and bitcoin (BTC) as stores of value is obvious, and the demand for BTC as a digital store of value was a big reason why the cryptocurrency grew in popularity, crypto services provider Matrixport said in a report Monday.
Bitcoin’s market capitalization is $540 billion, equivalent to 10.8% of the market cap of physical financial gold, Matrixport said, adding that gold exchange-traded-funds (ETFs) are valued at $200 billion. Read

What connection? Both Bitcoin and Gold can be viewed as a store of value, but that doesn't make them connected.
Bitcoin value has grown over the years not because Bitcoin is a store of value, but because Bitcoin is a speculative asset. Gold isn't a speculative asset. The Gold investors don't buy gold because they expect that the Gold price is going to hit absurd levels. They buy gold in order to protect the value of their capital from various risks(inflation and market crashes). That's why gold was called a "safe heaven" asset.
 Bitcoin is being bought mostly because everyone is expecting a new bull wave and a new ATH price level.
583  Economy / Gambling discussion / Re: Ever heard about financing a gambler? on: October 12, 2023, 11:04:06 AM
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How will you feel if someone you know or just a friend of a friend walk up to you and ask you to finance them in gambling in exchange for a portion of their winnings? Does this even make any sense?

It makes sense if you are a mobster and a "loan shark", and you want to make the gamblers your lifetime debtors. Gamblers can be easily exploited financially. That's why many mobsters, who owned casinos were offering loan services at the same time.
I could give a loan to a gambler, only if he can provide more than 150% collateral for the loan. Giving a loan to a gambler without any collateral is pure madness. I don't care about how good a gambler actually is and what are his skills and experience. I just want collateral for the loan.
Skills and experience means nothing in the gambling world.
584  Bitcoin / Bitcoin Discussion / Re: Do you ever feel tired of waiting? on: October 12, 2023, 05:58:23 AM
The people, who are HODLing Bitcoin only for the sake of waiting for another ATH and selling aren't real Bitcoiners, if you ask me. They aren't using BTC to buy and sell, they use it as a speculative investment asset. Don't get me wrong. I don't criticize them, but Satoshi didn't create Bitcoin for this purpose. Even I can consider myself to be one of the HODLers, which means that I'm not a true Bitcoiner. Grin
Anyway, what's the problem with waiting? If you can't wait, just sell at the current price and move on with your life. I don't expect a new ATH by the end of 2023 or in 2024. There's plenty of time to accumulate enough BTC before the next ATH in 2025, even if you sell all your BTC right now.
585  Economy / Economics / Re: Help me analyze the feasibility of this business idea on: October 11, 2023, 10:56:56 AM
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2. The other option I'm also considering is that, since I have basic experience in graphics, and also have little tech knowledge, I can start up a computer institute where I will focus on training young teenagers on the foundation of basic computer operation, graphics, some tech-related course and also use the working environment to conduct private lesson for them. My issue with this option is that there are people already using their cafe for computer training in the area where I intend to start this business so my fear is how best I can manage the competition although I have a unique idea that is different from what those existing cafes are doing.

How much will it cost to launch your own "computer institute"? You will have to buy or rent a building and spend money on renovation.
Do you have any capital or budget for launching such business? I'm sure that such private education organizations would need some sort of license from the Ministry of education. Do you have such license?
Can't you just create paid online courses on platforms like Udemy and Skillshare. The setup costs will be way lower in comparison to a "brick and mortar" business. The problem is that you will have big competition. Lots of people around the world are tech savvy and have sufficient knowledge in IT and graphic design.

586  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: October 11, 2023, 06:28:22 AM
I don't know should we pay so much attention to Manchester City. The Premier League has other teams. Grin
I came across an analysis about why Tottenham is capable of achieving something big in this season of the Premier League.
1.The new manager Postecoglou really motivated the players and Tottenham demonstrates attacking football with lots of aggression.
2.The transfer of James Madison from Leicester is a success. Madison has two goals and five assists so far.
3.Son Heung-Min is doing just fine without Harry Kane and keeps showing top performance.
4.Tottenham has great wing-backs, who help a lot in the attacking phase. Destiny Udogie, Pedro Porro and Emerson Royal are in pretty good shape.
I really hope spurs to become the big surprise in the Premier League.
587  Bitcoin / Bitcoin Discussion / Re: 9 years ago today, an epic battle played out on bitcoin exchanges. on: October 11, 2023, 05:48:47 AM
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*The block size limit of 1MB was a threat to bitcoin’s future
*“Satoshi’s vision” was unlimited block sizes
*Gavin was ousted by a cabal of self-interested engineers, a.k.a. “Blockstream”
*Blockstream took control of bitcoin’s source code repository
*Theymos colluded with Blockstream to censor block size increase discussions
*The subreddit r/bitcoin heavily censored block size increase discussions
*Blockstream wanted the block size low to promote its proprietary Lightning Network
*Gregory Maxwell was a bad actor and Luke-Jr was a religious nut
*The market agreed with the above, leading to the then-decline in price towards $300

9 years ago means 2014. I've joined the Bitcoin world in the summer of 2015, so I don't remember anything about this FUD drama.
I do remember that the Bitcoin price was a little bit above 300 USD in the summer of 2015 and it increased to 425 USD by the end of 2015.
I wasn't paying close attention to all the drama around the Bitcoin/crypto community, because I was a total noob and I didn't knew anything about blocksize and all the conflicts around it.
This BearWhale guy is one of the many people, who sold BTC at the wrong time. Who knew back then that the BTC price will hit 20K USD after two years and 59K USD after six years?
588  Economy / Economics / Re: It doesn't increase purchasing power on: October 10, 2023, 11:42:38 AM
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There should be no need to repay loans or pay interest, Banks should be fully at the disposal of governments to issue loans to the people without any hindrance, Along with this, there should be no need to pledge any capital to get the loan

So you suggest that the banks/government should simply start giving away money to the people for free, without any interest rates, requirements for repayment and collaterals? The inflation is going to hit absurd levels, if such thing happens.
Are you trying to invent a new economic theory or something? All the people are complaining about fiat currency devaluation and decreasing purchasing power and yet you suggest the governments to print more money and give them away to the people, which will lead to more currency devaluation and lower purchasing power. This doesn't make any sense.
I'm waiting for a politician to promise something like this. He will be elected for sure. Grin
"Let's shower the people with newly printed helicopter money. Everyone will become a millionaire and the inflation won't hit 100000%. I promise." Grin
589  Economy / Gambling discussion / Re: Not keeping records makes me a bad gambler? on: October 10, 2023, 06:54:32 AM
I don't keep any records because there's no reason for me to do so. Keeping a record will remind me how much money I've lost via gambling, which will frustrate me. Grin I know that the money spent for gambling are more like money spent for entertainment purposes, but it still kinda sucks, when you see how much you have spent on such unproductive hobby as gambling. Viewing my losses every day would make me wanna recover them, by gambling more and trying to get bigger profits. This leads to bigger bets, taking bigger risks and it seems more like a downward spiral towards developing gambling addiction.
What gambling games are you actually playing?
590  Bitcoin / Bitcoin Discussion / Re: I recently convinced my employer to start paying me in BTC, it has been great on: October 10, 2023, 06:09:12 AM
I live in an underdeveloped country, but I work remotely for a fairly good web development agency. We don't have a lot of financial services/wallets here, so we had to go circumvent a lot of obstacles for me the money to get to my local bank account. This whole process took a hefty fee, and time. And the worst part is the currency is absolutely shit and deteriorating (even compared to other fiat currencies),

Recently, I convinced them to start paying me in BTC. I save what I have to save, and convert the rest to fiat via P2P trading. Its so quicker and I get great deals, no more bullshit. I think this has been a great benefit of crypto for underdeveloped nations.

I have been accumulating bitcoin from a long time from my freelance work, but getting paid in it by my regular work feels awesome!

OP, your post seems vague and you have to answer some questions.
Where do you live? Turkey, Argentina, Venezuela, or some African or Asian country?
Where do you convert BTC to fiat via P2P trading? Bisq, Hodlhodl, Localmonero, Agoradesk, Bestchange or somewhere else?
What kind of obstacles are you facing for getting your money to your local bank account?
It seems that your employer has to convert fiat to BTC in order to pay you your salary, and then, you convert a part of your BTC salary back to fiat. This doesn't seem effective to me. Can't your employer just pay you in USD instead of BTC? Will your local bank accept USD transactions? There's no proof that you are getting a BTC salary. What if you are simply lying in order to get some merit for this post?
591  Economy / Economics / Re: What US can do with its dept? Genuine question. on: October 09, 2023, 10:45:31 AM
We all know that US borrowing heavily. There are a lot of information on US debt on the Internet. Just to make it short, I will ask few questions:

What do you think, how this situation will be resolved? What did happen to any other nations who had huge dept in history? Is there any ways offered by economists to resolve the situation?

1.Solution number 1: The Federal Reserve keeps printing more dollars, which leads to devaluing the US dollar, which devalues the US debt.
2.Solution number 2: The USA defaults and stops paying the debt. All the creditors lose money. The financial markets crash. The economy crashes and we will be witnessing another Great Depression for 10 years or more.
I think that the US central bankers and politicians will choose solution number 1.
There's also solution number 3:The US government cuts 2 trillion dollars government costs and raises taxes in order to achieve a balanced federal budget and get rid of the budget deficit. This is close to impossible.
592  Economy / Gambling discussion / Re: Crypto gambling top projects on: October 09, 2023, 06:38:31 AM
What makes these crypto gambling platforms "top projects"? You are just mentioning a few relatively new crypto gambling projects, that aren't established yet(maybe except Rollbit). Maybe they are promising, but I wouldn't call them "top projects". Yes, they have their own tokens and yes, they try to implement smart contracts and new features, but that doesn't necessarily makes them top projects.
What's the point of this forum thread? Do you want to advertise those platforms? Do you want to review them(your forum post doesn't look like a review post)? Perhaps, you could elaborate more on your goals with this post.
593  Bitcoin / Bitcoin Discussion / Re: Why won't the US government give up? on: October 09, 2023, 06:04:29 AM
Is this beincrypto.com website yours? Are you promoting it?
Why would the US government give up on anything? USA is still the most powerful country in the world.
Do you really think that the main goal of the US government is to "control Bitcoin"? I think that if the US government really wanted to control Bitcoin, they would have achieved that goal years ago. Bitcoin(and the altcoins) are still too small to be a priority of the US government.
The CBDC project is having  macroeconomic goals(achieving greater control over the money supply and reducing the ability of the commercial banks to influence monetary policy). The main goal of the US "digital dollar" has little to do with fighting Bitcoin(and the altcoins).
594  Economy / Economics / Re: Marriage mean double your passive income, rental property mean double your passi on: October 08, 2023, 10:29:47 AM
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But marriage can only happens once in a life,

You haven't heard about divorce? Some people had married several times in their lives.

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one sugar daddy one passive income, two sugar daddy two passive income, 100 sugar daddy 100 passive income, simple maths!

100 sugar daddies=prostitution if you ask me. Grin Can you tell me what kind of woman could handle 100 sugar daddies at once? I want to meet her.

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Boomers got their land for free. You have to pay for land

For free? Land was cheaper decades ago, but it definitely wasn't available for free. In which country do you live?

I have the feeling that OP is trolling us with this post. Grin

In summary. Passive income isn't passive. You have to work hard for "passive income". Even the gold diggers and prostitutes have to work hard for their so called "passive income".


595  Economy / Gambling discussion / Re: They know the truth but they don't want to accept it, publicly on: October 08, 2023, 06:48:23 AM
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Because taking money away from gambling simply makes the game not worth playing.

Will you still participate if money is not involved? Many people will easily quit if all casinos are to be turned into no-money games, isn't it?

Money is still the real reasons why we gamble, been addicted or not, mutual greed or not, all gambling is done to make more money or get some form of reward in the end.

Some gambling games are fun even without money. I still play poker without actual money bets. Other gambling games are boring with or without money(dice, crash, slots, roulette). Removing monetary bets would make them unbearable.
You are right. 99% of the gamblers keep gambling because of the faith in their luck and the dream of making the big hit. Most gambling games aren't the same without money. I just don't have any delusions about "making the bit hit" and becoming very rich out of gambling. That's why I say(and write) that I gamble for fun.
596  Bitcoin / Bitcoin Discussion / Re: What Do You Guys Think About This Simple Analogy? Anything to Add or Remove? on: October 08, 2023, 06:18:16 AM
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I tell them that this simple comparison between Internet adoption and Bitcoin adoption because it speaks volume to the importance of  deciding to embrace new technologies. I tell them that just as the Internet has been a viable tool in impacting our lives all round, so bitcoin will  and they must be proactive in making choices that can help them make the most of the opportunities bitcoin offers.

The internet has way bigger utility than Bitcoin.
If Bitcoin had the same utility which internet had, almost several billion people would have been using BTC by now.
Let's be honest here. Bitcoin isn't adopted by billions of people because they are perfectly fine WITHOUT Bitcoin. Their lives won't change that much in a positive way, if they start using BTC. I keep repeating the same question. If Bitcoin was so awesome, then why every business in the world hasn't adopted it yet? If Bitcoin is the solution to all financial problems, why every person in the world hasn't adopted it yet?
Maybe the answer is "Because Bitcoin isn't perfect and it doesn't have to be perfect, in the first place."
597  Economy / Gambling discussion / Re: Provable fairness should be mandated by law! ONLY gamble in provably fair casino on: October 06, 2023, 10:13:59 AM
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However, the most popular and otherwise Legally registered casinos that have e-gambling STILL don't implement it.
Most big online casinos that have dice, slots, roulette and other games based on randomness simply have a "certificate" that basically says results will be ransom Trust Us™. Well, are we supposed to pretend that they don't KNOW provable fairness exists by now? Honestly between the last 10 years all companies capable making custom e-gambling games have become rich. But yet we don't see big casinos caring enough to implement trustless technology.

So you think that "probably fair" casinos should be trusted? Good for you.
I think that ANY technology can be manipulated in someone's favor(in this case, in favor of the casinos).
I also think that making "probably fair" games mandatory by the law won't change anything.
Let's imagine that a casino has perfectly fair games, that aren't rigged. Will this stop the casino from blocking the account of some gambler, who is constantly winning? Will this stop the casino from refusing withdrawals and banning gamblers, who are considered to be "fraudsters" by the casino. Of course not. Making probable fairness mandatory won't stop the shady casinos from scamming their players.
598  Bitcoin / Bitcoin Discussion / Re: | POLL | Best suited place for bitcoin symbol's before or after amounts? on: October 06, 2023, 06:03:10 AM
I've seen amounts written in words like 1BTC 1 BTC but not like BTC1 BTC 1 so that's easy.

I'm asking if the best place for symbol's at the beginning or end of amounts. I've seen both styles. If you're writing amounts where's the best place supposed to be BTC1.23456789 or 1.23456789BTC. Which way do you prefer using the Bitcoin symbol.

I don't use the Bitcoin symbol so I don't care. I usually write 1 BTC or 2 BTC. This is what I'm used to do.
Is this the most important thing in the world, when it comes to Bitcoin/blockchain technology/crypto adoption?
I'm sure that there are way more important topics regarding Bitcoin that we should be discussing.
You can write the Bitcoin symbol wherever you want. Before or after the BTC amount. It doesn't matter.
599  Economy / Speculation / Re: Bitcoin Up Move Incoming on: October 05, 2023, 11:51:10 AM
It's perfectly fine for the price to get back to 30K USD. The problem is that there's won't be any support for a price pump above 30K.
At 30K many traders and some HODLers will start selling BTC, which will push the price down to 25-27K USD.
A small price pump with 2-3K dollars isn't such a big deal. Bitcoin is volatile and such price pumps and drops are something normal.
I don't expect any major pumps in the BTC market by the end of 2023. The market will be pretty quiet, unless there are some bad news about Binance or another big centralized crypto company goes bankrupt.
600  Economy / Economics / Re: Women are more economical than men. on: October 05, 2023, 11:06:51 AM
We had this argument where I was the opinion that most men spend money on things that they are obligated to and cannot control it at times due to responsibilities, men are used to spending money already and because of being used to it, they can find it hard to be as economical as women can be. Do you agree with this unpopular opinion that women are more economical when it comes to money and are able to manage themselves and their homes better than men do?

I hate generalizations based on gender/sex, but we can't live without generalizations and stereotypes(unfortunately).
Some women are more "economical" than other women and some men are more "economical" than other men. In the current service based economy, it seems to be easier for women to get a job. The welfare state in the western countries is very supportive towards single moms and the women can get lots of money and assets from men in case of a divorce. Life is harder from a economic/financial perspective, if you are a man. The amount of male addicts is usually higher than female addicts(I mean gamblers, alcohol and drug addicts, etc.). Such addicts can't control their spending and have poor finances. Maybe this is one of the factors, that makes some people think that women are more financially responsible than men.
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