That's me, which really is a sad thing.

Long ago, in 2016, I was full of hope for humanity and tried to tell people about bitcoin but I saw that smirk on their faces telling me something like "this guy got hooked by those  scammers, he's going to lose money" so I stopped doing it. it reached a point where I wouldn't talk about bitcoin at all unless somebody mentions it. Even then I don't immediately contradict them or reveal that I'm a bitcoiner but instead I try to learn as much as I can about their attitude, asking if they own some, if they heard about this or that, like blackrock investing, microstrategy and all the rest.

I agree 100% with you.

The first rule of bitcoin is not to keep your money on exchanges because it's made for self-custody. Holding money on a third party site that isn't even an exchange, like those sites that offer staking services, or casinos, is an activity that comes with very high risk while offering completely no reward because you're not getting interest on your savings. It doesn't give you benefits, even if you hold over a million USD there.

Treating an exchange like a bank is a mistake. Doing the same with a casino is even bigger one.

I feel like you're trying to fill the niche that doesn't exist. All that defi and web3 crap is there to make crypto users more confused and doesn't yet bring any important changes to the table.

You've made a new platform and already asking how to improve it which makes me think you're not doing too good financially and are trying to ask the community what to do about it,like the community is responsible for lack of interest. It is not, you're just too ahead of yourself and the current market.

ETF this and ETF that. We're actually talking about an ETF for bitcoin since 2018 when Winklevoss were trying to get one approved and kept getting denied.
Futures doesn't count because it's not the real thing, just an instrument for fiat users to bet on bitcoin without touching the thing.

Let's not get too excited because it's been more than 5 years since people are talking about a possible ETF in the US. Also, there's already one in the EU and one in Canada if I'm not wrong and there's no positive impact on price. What makes you think these people won't short bitcoin like those that have money in that futures ETF? When it went live, the 2017 bull market ended.

Yes, it did make a change in my life. First of all, I started reading about finances and politics more. I used to do a lot of IT stuff and play computer games in my free time. I wasn't interested in finances, but when I started reading about bitcoin and then posting on bitcointalk it became sort of a hobby.

I know a lot more about finances and the role of bitcoin in giving people basic power over their money. This is one of the most fundamental rights we have and many people don't appreciate it and take it for granted. At first it was only about how much fiat I can make with my bitcoin. Now it's more of a 'how to get more bitcoin' type of game.

Scheduled maintenance that lasts a month? Not something that's likely to happen to a legit site. I will be amazed to see them come back to even explain this.
Running a business is like borrowing money. You have people's money and you don't let them know what's up? You just disappear for weeks? Normal people don't act like this.

It's over and the team is compromised. There's no chance for a relaunch after this disaster.

That's very interesting. I didn't know Ethiopians are so nice.

I've always found it fascinating how the Japanese greet. I was once traveling by train and and a Japanese woman sat in my compartment. After a while she stood up and started bowing, so I stood up and asked if she needs help with her luggage, thinking that she wanted to leave, but she was just going to the toilet. Every time she wanted to leave the compartment she'd bow to each of us and we didn't know if she'd be back from that journey or not.

In my country it's customary to greet people who you know and the one's you're about to interact with. We usually don't greet strangers, unless we want to ask them something.

I don't "secure gains" because I don't agree with the average trader as to what securing is.

If you ask people many will tell you that securing gains means selling your bitcoin for fiat or a stable coin. I don't trust stable coins, as they're controlled by private companies and exchanges. We also don't know if and by what they're backed. Do Kwon tried to back his shitcoin with bitcoin and we all know how it ended.

I also don't hold too much fiat because I'd have to use cash for that, as I don't trust banks and don't hold a lot of money there. I don't want people to tell me what I can and cannot spend my money on, so most of it is in bitcoin and is going to stay there, regardless of whether we have a bear or bull market.

I hope you're not shorting


Sometimes I wonder if Tom is so stupid, or paid to say these things, or maybe both?

A smart analyst trying to confuse people would publish one or two good predictions to gain audience and then hit people with a really bad one at the right moment.
Tom is wrong all the time. I remember when I first watched him on CNBC in 2018 when bitcoin fell from 20k to 12k. He was sure that this was just a small correction in a strong uptrend and the next step for bitcoin would be 25k, but instead we went to 6k.

You don't actually need a lawyer for that because as far as I know, there's common law and banking law that governs these things. Under common law, you don't have to "report" any cash found at home.
Imagine that you live with your mother and she dies. You are the only child and your father is dead or your parents are divorced. Whatever movables were there at home are automatically yours. If she had cash in a safe and you know the combination, it's yours. Nobody is going to ask you how much money, jewelry, or art pieces she had as long as there are no other heirs that can lay claim to these things.

If she had a bank account however, the bank will not grant you access unless you give them a court order.

With bitcoin there's no third party locking you out. If your mother left you private keys, seeds, or wallet passwords, the money is yours.

I don't agree that it would be bigger than Gox.

In 2013 Gox was the biggest exchange by far and the market was much smaller. A much larger % of coins was on exchanges, ready to be traded, there was no HODL culture, like we have now, bitcoin wasn't recognized as a store of value, more like a novelty. It wasn't even a speculative asset and there were no laws and regulations regarding it. The impact of the collapse of the largest exchange was enormous at that time, especially that Karpeles was actively influencing the price of bitcoin and trying to earn back what he'd lost. Gox was like FTX, but with a much bigger impact as most people traded there at that time.

We don't know if Binance is involved in wash trading and if they have all the coins that they owe to people. There's a possibility they do. Chances are that even if they happen to shut down, they'll be able to make their users whole, unlike Karpeles that had lost most of the bitcoin before the exchange's collapse and was delaying withdrawals to keep his company going.

You don't understand what a premined coin is. Premine means part of the coin is mined, or put away, before coin's launch, so that the community cannot have access, unless that part of the supply is released by the person controlling it. In case of bitcoin the supply is distributed among users with the help of a free market. There was and there will be no premine, regardless of when you are born.


When it comes to buying all the bitcoin, only roughly 2 million is available for sale on exchanges. In theory countries could buy it all out with printed money, but they'd be able to buy only as much as there is for sale. After buying 50% of supply on exchanges the price would skyrocket to some crazy prices because people would start testing them out, opening trades for 1M USD, then 2, 5, and so on. If they saw their 5M sales complete, they'd set the next one for 10 and so on. Which country would be able to print so much money that they'd be buying bitcoin at the price of $10M a coin?

Supply and demand have to stay balanced. If someone crates increasing demand, the market price is going to increase exponentially into infinite numbers, meaning that after all coins on exchanges are bought out, the sky is the limit as to what people would want for their coins.

That would make it more fair for both sides and eliminate a lot of problems that gamblers are facing at the moment:
-no more lying about casinos being no kyc and then the same casinos asking for kyc at withdrawal
-casinos using KYC to delay large withdrawals at times of low liquidity
-casinos forcing KYC on users they suspect on gambling from a banned jurisdiction
-demanding conditions that are impossible to meet by those who undergo KYC, like bills in English.

I wouldn't completely drop the idea of a decentralized casino. Maybe there's a way to do it and at the same time avoid KYC that most of us hate so much? One thing that comes to my mind is gambling with native tokens of your casino. Many gambling sites avoid KYC by allowing people to gamble items they acquire in games, like skins. There are such sites for CS, Rust, and others.


You're making a fool of yourself here, shilling for your campaign manager while OP doesn't have a platform ready and is asking for advice on how to make one. He's months before a launch and you're talking about a signature campaign.
I guess kissing ass of your manager and at the same time making an off-topic post that you'll get paid for by that same manager is like hitting two birds with one stone, so good thinking on your part, congratulations!

Biden showed Putin that he's weak which is why Putin attacked Ukraine after meeting him. IMO any president would be better than Joe. I'd love to see Kennedy win, but people are too dumb to choose someone like that.


Does it really matter? To me it matters that he likes bitcoin.

It's funny how all of a sudden bitcoin became a topic that every candidate has something to say on. Trump showed us that he's not a fan, but at least not trying to slow it down as much as Biden.
Ramaswamy and Kennedy look like strong supporters of bitcoin, although Kennedy is a real believer.

I also don't like them, but maybe I can answer your question.
People who invest in bitcoin ETF are people who usually don't do anything themselves. In case of individuals, those are people who don't manage their own wealth, but have managers to do it for them. Have you seen the movie about Madoff? He'd call people and get them to wire money to his fund just like that.
-Hey man, there's an opportunity to make big money, but I need 10 million
-Sure, I'll send it to you later. What's the profit? 15%? Not bad.

These fund managers don't want to hold bitcoin for their clients and they know exchanges don't offer insurance, so they need a big fund to tell them it's safe to buy. If someone trusted were to offer trading and custodial services with insurance that the coins are going to be there a year later, they'd buy.
Another typical client of these ETFs are companies, where the board cannot simply say that the CEO will now hold 5% of the company's funds on his personal laptop. What if he dies? Who's going to have passwords? So the obvious route is to have a trusted third party to hold it for them. At least if things go wrong they'll have someone to blame and sue for the loss.

What if he's destined to be the next professional poker player or something? Don't try to put everyone in the same basket and operate on extremes, like people who say that you got to have a family or you'll never learn to be responsible, or that all people who have fast cars end up in accidents and drive irresponsibly, or that you shouldn't own a firearm because you'll end up killing someone. These are extremes.

I'd ask the kid if he's ever going into debt over it, what is his win rate, is he making money or losing it all the time. If he's good he should pursue this and maybe get into some tournaments, or get a job in the casino. It's not a bad industry to be in. He could have chosen much worse.

High ranking? The guy quoted by Coin_trader is just a Sr. member who made his account a year ago. Barely an experienced member if you ask me and judging by many of his generic posts focused on campaign post farming.

That said, a lot of these threads like OP's are impossible to verify. Sure, he won and got paid, but it's very hard to verify if there was a connection between him and the casino. Let's say you run a company and ask your friend to play there for free until you win something, then share the details of that win on bitcointalk and some time later, when people forget about it, send the money back to you. 
Free advertising

Another thread about fighting gambling addiction in general, not a personal experience, not a cry for help, or a complaint, but a worthless generalized question for the sake of making a thread.
You could use the search function, OP, but instead you want to know what the community on a forum can offer an addict?

The answer is advice. You can't pull an addict out of his room where he sits all day gambling away his tuition instead of going to school, meeting new people, or eating well and focusing on his health. There's literally no way to make a change other than offering some words of wisdom.

Please confirm the FUD you're being fed before you start spreading it to a larger audience

How did Elon manage to sell now and write about it a report published in the Wall Street Journal on the 17th? Does he have a time machine?