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701  Economy / Gambling discussion / Re: Why gambling beginners must not joke with casino announcement on: September 09, 2023, 03:09:32 PM
Yeah, that is one benefit of staying active on the forum. At least we get to know which casinos to try out and have a good reputation.
Although a casino site being on bitcointalk does not automatically means that they are genuine but over time they gain their reputation.
A good ANN thread shows that the casino site is serious with their site and this gives their users a positive impact about their reputation.
702  Local / India / Re: Indian Stock Markets VS Bitcoin on: September 09, 2023, 02:32:45 PM
Oh yes I saw this as well. Infact I have had a lot of encounters with people who actually found a few lacs in their assets because their fathers and forefathers left some shares with them. Infact government has even opened a portal where you can check if you have any such shares on name of your father or grandparents etc. One problem this thing can't happen in bitcoin because there is no way to get the private key back once lost.

The problem of inheriting bitcoin is genuine but the workaround is there by creating a will that passes the coins to the heir.
But if the person has not created any will then surely the coins are lost if he hasn't created any backup for his family to find out.
I guess this is the importance of KYC documents and declaring our assets to the government.
May be after the regulations are set there will be an implementation for this as well.
703  Local / India / Re: Uber shines light on acceptance of bitcoin on: September 09, 2023, 02:09:26 PM
Uber can probably make it work in some countries but it's not at a great news for Bitcoin. It will make bitcoin more centralized and eventually big corporates will gain power to control the market. Not ideal.

I consider manipulation to be an inseparable part of markets (whether it be crypto or otherwise) and I see no negative in people/entities purchasing BTC — someone buys, someone sells. At one side we want adoption while at the same time we say no to companies who can bring more people in market.

Bigger pockets always influence the economy, there is no alternative.



Makes sense. If we want global adoption then big companies will surely have to get involved with crypto.
If big companies are getting involved with crypto they will make sure to stay in profits even if they have to manipulate the market.
I think this has been happening with almost every market. Big players usually know how the market will behave when they throw big money in the market.

Blackrock has applied for an ETF and there are rumors that the recent dump in BTC price was because Blackrock wanted to buy at a cheaper price.
Although we can't believe these rumors but from one perspective, Blackrock does have enough capital to manipulate the market.
704  Economy / Gambling / Re: Concept of Halal Casino on: September 08, 2023, 04:19:22 PM
/// but also an obvious attempt of trying to justify something that they should not be doing.

It's true that what is wrong should not be justified or distorted. I am not a Muslim, but I believe that the teachings from the church and the Bible have specific meanings and should not be interpreted differently. Not everyone is highly educated, which is why a straightforward interpretation can be easily understood. What would happen if actions that were originally declared as sins were justified as 'okay'? 'Okay' can be subjective and may not always align with what is right or wrong. I think there should be clear distinctions between right and wrong.

Very well said mate. The fact is that there are many people who portrays certain quotes from their religion and convey it's meaning in a different form.
They completely change the actual meaning behind the context of the quote and interpret wrong information for their own benefits.
As mentioned in the video in OP, one sin shouldn't be the gateway to other sins. People should educate themselves and understand what their religion truly convey.
Each religion has it's own beauty and beauty lies in the eyes of the beholder.
Religion and personal beliefs should be separrated from this activity. Most of the people here in this industry belongs to a religion and culture but why are we still here if the concept itself of gambling is in contrast with the teachings of a religion? Simply because we are not linking these two concepts and which is why words associated to a religion should not also be mentioned in any way especially for personal gain 'coz you are simply fooling yourself and making fun of other's tradition and culture. Let gambling be gambling, that's it and no other colors of polictics and religious beliefs.

For sure few people would only fall in this scheme. Also, they should be sensitive enough to know it in a single glance. Let us not make the inage of this industry worse.
I did make out some search if Gambling is really that allowed or prohibited on Muslims and turns out that it was indeed prohibited.

According to the Quran, Muslims are forbidden to gamble. However, there are casinos in countries where Islam is the predominant religion, and there are numerous other countries throughout the world with casinos that focus their marketing strategies on attracting gamers from Muslim-majority countries.Source link

Totally contradictory? It wasnt allowed but theres casinos that had been built out with those muslim countries? How about on havingthis halal casino which
there are really that exemptions on which muslims are allowed or able to play? Going against your religious beliefs then it would really be your own choice and since not all would really be that strictly be
following with those and with the easy access today then it is really just too easy to gamble.

It's nothing new. There are religions which prohibit doing certain things yet there are some people from the religion who still do it.
For example eating non-veg food is prohibited in a religion yet there are people who still eat it.
I guess same goes here too. Even though gambling is prohibited for Muslims yet there will be some people gambling.
705  Local / India / Re: India Pushes for Global Crypto Regulation Under Its G20 Presidency on: September 08, 2023, 04:10:09 PM
As per this article, a global Bitcoin & crypto regulation is in the making. The government of India under its G20 presidency will be presenting a synthesis paper by IMF & FSB India in the upcoming G20 meeting this weekend. Already there is a consensus on this subject. It is only waiting for its approval by the leaders.

In my opinion, if this framework gets approved anonymity and privacy would not be available for anyone dealing in cryptocurrency. Already the US is trying to pass a bill wherein all DEX will need to implement KYC norms for its users. I believe this is not going to go well among those who want to hide their identity from the government and be part of this revolution.

When approved the regulation framework around Bitcoin and cryptocurrency will be cross border and not subjected to only India. What do you guys think?

Although we are having the G20 meet tomorrow I don't think we will get clear set of regulations by tomorrow itself.
I think they will pass it to a future date or may be introduce few rules now and improvise it later. May be something like a trial phase.
Also, I think once those regulations are introduced, it will be followed by other countries too.
There will be people who won't like this because they prioritize privacy and anonymity over regulations.
But a major portion of the crypto community don't care about giving their KYC until it is handled carefully.
706  Local / India / Re: India or Bharat on: September 08, 2023, 03:56:32 PM
It was not us but the Britishers named India when it was a unified country. The name India is derived from the Indus civilization, which presently is held in the Punjab province of Pakistan. Another reason to change the name as it does not symbolize our country in any way. The Constitution of India, wherein Part 1 of Article 1 clearly mentions India that is Bharat. So technically our constitution allows both the names, India and Bharat to be used officially.

Yes, the G-20 invitation sent by the President did mention the President of Bharat. That does not mean that the name India will be dispensed officially. It is still unclear what is going to happen next. The government has called for a special session of Parliament and after it concludes we may know officially. At the moment there is suspense on this topic, indications are that the name change can happen. Personally, I think we should completely shed our colonial past by renaming our country as Bharat. 



Using the name Bharat makes more sense since we are Bhartiya Nagrik. Bharat humara desh hai.
Have you heard the rumors that once India changes it's name to Bharat, Pakistan will claim that name.
They are saying that since Pakistan has the origin of Indus Civilization it has the right to change it's name to India.
If this really happens I am not sure how it's gonna be. It's really weird.
707  Local / India / Re: UPI ATM! Another achivement in Fintech by India on: September 08, 2023, 03:46:28 PM
You all will agree that the quantum of new tech emerging in our country (especially in Fintech) in the last decade has been unimaginable. Recently a new fintech UPI ATM has been launched. You can use any UPI payment processor like Paytm, phonepe or gpay to withdraw cash from a UPI ATM by only scanning the bar code dispayed on the ATM machine.

Banks were already providing similar service known as cardless cash withdrawal. The problem was that it can only done on that particular bank's ATM using the banking app. With UPI ATM you are able to withdraw cash from any banks saving account and you don't  need to use that particular bank's ATM.

Click here to read the article.
Click here to check the video.

Not only that but banks were also charging for cardless withdrawal from the customers.
I had paid 25rs for a cardless withdrawal the first time I used it and it was the last time.
I didn't know of the charges but it is very ridiculous. I have to pay the bank to withdraw my own money from my account, stupid as fuck.

It's good that we have this UPI ATM. I watched it's video few days back.
The main advantage is that we can scan the QR and withdraw cash from any of our bank accounts without the use of debit card.
RIP debit cards.
708  Local / India / Re: Indian Stock Markets VS Bitcoin on: September 08, 2023, 03:36:02 PM
Recently I came across an article that celebrated the Indian stock market's performance. It seems the Indian stock market has delivered a 10.9% return, which is higher than the US & China.

It is great news that the Indian economy is shining and growth has been straight upward in the last decade. As an Indian, it makes me proud when I recall where we were in 2013 to where we are now in 2023. Within that emotional outburst of pride in my mind, a strange question popped up, which was to compare the ROI both from Bitcoin and the Stock Market.

Let's do the math for the Indian Stock Market. If you had invested $100 ten years back with an ROI of 10.9%, your money would have become $235 approximately by now. Not bad considering not many bank FDs or mutual funds are able to generate such an ROI.

Now, let's do the math for Bitcoin. Again, the investment amount in this case would be $100. In August of 2013, the average price of Bitcoin was $135. Considering the price, you would have bought 0.74 Bitcoin. In August of 2023, the average price of Bitcoin was $27,297, which would result in your $100 investment growing to $20,200 ten years later. That is a 201 times return on your initial investment of $100 or, in simple words, a 20100% return.

Think again - which is better, Bitcoin or the Stock Market? If you are someone with diamond hands, then Bitcoin is the right investment. The potential for enormous growth and returns far exceeds traditional investments.

I don't think this comparison is fare because there are other shares in the stock market which has performed well.
Although it might not have exceeded the returns from bitcoin yet there are few shares which have given great returns when compared to other assets.
Besides that, bitcoin is relatively new and we cannot guarantee that in the next 10 years bitcoin will generate the same or more returns when compared to last 10 years.
I personally think as the price increases the returns will substantially decrease over time.
709  Local / India / Re: [August Update] Indian Board activity on Bitcointalk on: September 07, 2023, 04:40:27 PM

1. Number of posts: Increased from 163 to 177.

Is it number of posts just in the August month ?

Quote
2. Active users : Increased from 32 to 36.

I wonder who these 36 active users are. If they are really active then the Raffle would have been full within 24 hours of the post.

Quote
3. Merits shared : Decreased from 72 to 71

Compensated 1 merit for your post  Wink
710  Economy / Gambling / Re: My Take on iGaming Promotion Through Social Media on: September 07, 2023, 04:33:44 PM
It is interesting to see how these gaming companies are using social media to their benefits.
Not only they are getting enough data but also personalized data which they can utilize to give a personalized gaming experience to their users.
Ads, promotions, bonuses, referrals etc... all becomes easy when social media is integrated.
Connectivity between users is beneficial for both the players as well as the gaming companies.
711  Economy / Gambling / Re: Concept of Halal Casino on: September 07, 2023, 04:27:48 PM
/// but also an obvious attempt of trying to justify something that they should not be doing.

It's true that what is wrong should not be justified or distorted. I am not a Muslim, but I believe that the teachings from the church and the Bible have specific meanings and should not be interpreted differently. Not everyone is highly educated, which is why a straightforward interpretation can be easily understood. What would happen if actions that were originally declared as sins were justified as 'okay'? 'Okay' can be subjective and may not always align with what is right or wrong. I think there should be clear distinctions between right and wrong.

Very well said mate. The fact is that there are many people who portrays certain quotes from their religion and convey it's meaning in a different form.
They completely change the actual meaning behind the context of the quote and interpret wrong information for their own benefits.
As mentioned in the video in OP, one sin shouldn't be the gateway to other sins. People should educate themselves and understand what their religion truly convey.
Each religion has it's own beauty and beauty lies in the eyes of the beholder.
712  Other / Beginners & Help / Re: Nothing compares to BITCOIN, know this and know peace on: September 07, 2023, 04:09:25 PM
the journey of making money through Alts is full of thorns, stay safe out there.

It's not easy to make money in any category. We can say that making money with bitcoin is like climbing a mountain with stones.
We have to be patient and keep climbing and dodge the stones to reach the top.
We have to hold strong, keep holding while avoiding the minor dumps in between to reach a new all time high.

Some deceive newbies by telling in bitcoin they can easily earn money by just buying bitcoin or on investments they like to join. That's why there are times that newbies fell short especially when they invest on hyip or other scams in this industry. Its good to be realistic by teaching anyone about bitcoin so that they will not expect something huge without doing anything. Research is always important even if we buy bitcoin since its technicalities is also important matter than need to consider.

That is true. So many newbies have fall prey to these scams and lost millions collectively.
This is why forums like bitcointalk are a must for every newbie to enrich their knowledge in crypto.
I think every newbie should visit this forum and read posts in here at least for a few months to get basic knowledge of cryptocurrencies.
Although there are blogs, videos and tutorials for various crypto products but nothing provides as much knowledge as this forum.
713  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: September 07, 2023, 03:53:48 PM
It's true that many of the users aren't active on the site despite having an account.
Even I had previously forgot my email and password to freebitco.in account and had to create a new account.
I guess there will be many people with similar case and so the real active number of users will be far lesser than the number of accounts on the site.

I tried to find where I saw the story that some inactive accounts won the weekly lottery... it turns out that some "forgotten accounts" have active referrals that earn them sats, RPs, and of course lottery tickets. At least I remember that, but I can't remember when and where I read it.

Even I remember that conversation. It was said that the freebitco.in account had won the prize but never claimed it or used it.
I guess such accounts which are not utilizing their satoshis directly benefit freebitco.in since they don't have to pay it from their balance.
714  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: September 06, 2023, 05:17:48 PM
If you look at the current number of users, there are more than 50 million registered FreeBitcoin users, a number that large might have very little opportunity to get the main prize from the free spins, at least don't let me get old before I get 10,000 from the free spins or maybe of course my son who continues my account there is luckier to get it, but does freebitcoin still last that long, lol

The total number of registered users on the site doesn't impact your opportunity to win the top prize from free rolls. Nevertheless, I agree that the coveted 10k on the screen is a great rarity, and I would even say that it is an unattainable goal for those who don't press the roll button hourly. As for how long freebitcoin will exist, it is worth noting that freebitcoin has already existed for ten years, and it seems to me that this site will exist and develop as long as bitcoin and cryptocurrencies are relevant.
Yes, I believe that of the 50 million users, they are not actively turning the round every hour, sometimes there are those who only register but do not continue their free BTC claims every hour, I have a new referral but they are not really actively playing rotating the free round, As usual everyone always wants to make money that is fast and easy especially big, people like that are usually lazy to work.

Btw I know as long as Bitcoin is still there, of course Freebitcoin will still be there and provide free BTC for all new and old communities to stay active on this site, so why there is always hope for me to get 10000 from the free round, although not today there isn't Those who know can be tomorrow or the day after tomorrow, always optimistic and believe that luck will definitely come on time. Cheesy

It's true that many of the users aren't active on the site despite having an account.
Even I had previously forgot my email and password to freebitco.in account and had to create a new account.
I guess there will be many people with similar case and so the real active number of users will be far lesser than the number of accounts on the site.
715  Economy / Gambling / Re: Stake phishing on: September 06, 2023, 05:04:56 PM
Damn, this is really bad.... and it can happen with anybody, because this month Stake gave 3 x Monthly bonuses, so you would have thought that it was one of them.

You should think that a hacker would realize that the 2FA stopped them from withdrawing the money, so they would leave the money ...but it is as if the anger let them deliberately sabotage your account, by betting all of it.

Stake even blocked the tipping of the money without the 2FA ...so they cannot even tip an Alt account to withdraw it from another account.   Tongue

That is really bad. The situation clearly shows that the scammer had no option to benefit from his hack.
At this point he should have left the account but as you said it was pure revenge. It is pure evil.
It's like if the money can't be mine it should not be anyone's. Bad day for OP.  Sad

That is a very screwed up situation and the first time I have read something similar happening in any casino.
The amount OP had in his account was big enough for the scammer to try to steal his 2FA somehow through a targeted emails or social engineering , but the fact they decided to gamble away money which could not steal makes me assume the scammer was not only evil and selfish but also a victim of problem gambling to some extend.  Roll Eyes

The scammer may or may not have a gambling problem but the reason he gambled away all the money was only because of anger and ego.
Since he was not able to withdraw the amount he lost it all in gambling deliberately.
I haven't seen such a cruel scammer.
716  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: September 04, 2023, 03:45:50 PM
I just tried normal use of the site and exchanged rp to wheel spins and then used it ok.  Just so you know if its specific or for everyone.
  Bit of luck, got the 5000 tier reward on lotto tickets and I didnt buy that many spins so its a win overall  Cool   Stuck in a bit of a small gap for BTC price currently, the base reward wavering slightly as ping pongs around.  Someone had the theory we need to wait for 50 day average to catch up, its descending and until it meets and forces price to move we remain negative below it as some momentum in pricing, hence I will wait for a moment to speculate on price direction.  [Extrapolating rate of descent say 2 weeks timeframe that would equate to.]  I have a small positive bias in my opinion but dont tell anyone it'd be bad luck :p

You must be really lucky to have got the 5k tire reward with just a few WoF spins.
May be now you will consider to keep visiting the site often and trying the WoF spins frequently.
As for the BTC price, the negative trend is still dominating and we don't really have any other option than to wait.
717  Other / Beginners & Help / Re: Face unlock on bitcoin wallet devices on: September 03, 2023, 03:16:43 PM
Most of the wallets I've been using before in the mobile application do not have its security with the fingerprint instead the phone itself offers this kind of feature related to banks/payments/money transactions. For me its ideal to use this feature the fingerprint is unique to a person its hard to manipulate this unlike facial recognition, just a picture of the owner you can easily access the wallets. Lastly not ideal to store bitcoin with the mobile application instead hardware is the most suitable for the high level security.

These days smartphones have a feature to secure almost every app with a fingerprint to access the application.
Then comes mobile wallets which already have protection using pin and password.
So using fingerprint + alphanumeric password is a better protection than using facial recognition from my perspective.
718  Other / Beginners & Help / Re: A must read if you are running Crypto wallet on PC on: September 03, 2023, 02:59:32 PM
Even I had read somewhere about the vulnerability in WinRar but didn't know it had this much impact.
It's good that the fix was available soon. I still have WinRar on my personal laptop but I use 7zip on my office laptop.
I like 7zip more than WinRar. It's always a best practice to download softwares from official sources and keep them always up to date.
719  Other / Beginners & Help / Re: Nothing compares to BITCOIN, know this and know peace on: September 03, 2023, 01:10:29 PM
the journey of making money through Alts is full of thorns, stay safe out there.

It's not easy to make money in any category. We can say that making money with bitcoin is like climbing a mountain with stones.
We have to be patient and keep climbing and dodge the stones to reach the top.
We have to hold strong, keep holding while avoiding the minor dumps in between to reach a new all time high.
720  Other / Beginners & Help / Re: Scale Measuring Crypto Literacy Good for Pretest/ Posttest in Community Outreach on: September 03, 2023, 12:53:19 PM
The questions they asked are simple, but some of their meanings are deep, such as those who can confirm bitcoin transactions are only those who own bitcoin (proof of stake), but some questions do not have correct technical answers, or at least they have a generalization of the term.
In general, it is good that we are now talking about bitcoin as a revolutionary technology and not as an investment, a speculative tool, a Ponzi model or even as it was said in the past that it is the currency of the dark internet.

I have downloaded the paper and will review it later, thanks for sharing it with us.

I think the answer to that question is anyone who runs the software that implements bitcoin protocol.
I don't have to own bitcoin to confirm if the transactions are valid. I can simply run the bitcoin core software and validate any transaction I want.
So every node on the network confirms that the transactions are valid or not irrespective of whether their addresses hold bitcoin or not.
These are simple questions yet some of the options are tricky.
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