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761  Other / Politics & Society / Re: Is Joe Biden Ok on: September 23, 2023, 08:24:34 PM
Is any politician over the age of 80 okay? Have you seen Mitch McConnell or Diane Feinstein recently? There is a great argument to be made in favor of having an age limit for serving in congress or the presidency. They are not capable of serving their constituents effectively. This would not really be a problem if Americans didn't keep electing them for whatever reason.
762  Bitcoin / Wallet software / Re: Are blockchain explorer threat to the privacy ? on: September 23, 2023, 05:56:37 AM
I rarely use block explorers because I am paranoid about how much information they might be collecting about me. If I need to check my balance I can just open up my wallet. I don't rely on just a single block explorer when I need to look up detailed information. I always change up which explorer, browser, and IP address I use so it is difficult for any single party to have enough reliable information to fingerprint me.
763  Economy / Economics / Re: It ain't meant to be easy on: September 23, 2023, 05:35:06 AM
So don't think Bitcoin and Bitcointalk are any different from life.
You may look at a forum member with legendary rank and you want to achieve that, it's good that that motivates you, but you have to know that they didn't just achieve that overnight. They learned, grew, improved themselves, and improved others to get to that level.
Whatever you want, work hard and smart for it because it won't be handed to you on a platter.


For those that place a lot of importance in forum rank it can be frustratingly slow to rank up if you're not purposely hunting for merit by spamming a bunch of threads and jumping on bandwagons to support opinions held by prominent high ranking members. I can see how newbies might become discouraged. For me I've noticed that I tend to receive merit on topics where I've gone out of my way to do some research and gain a better understanding.

If you want to have success then it is worth putting in the effort necessary to achieve it.
764  Economy / Speculation / Re: Good time to sell? on: September 23, 2023, 05:00:13 AM
A simple question to those who are hoping to profit on the next Bitcoin bull-run:
How do you determine when is the good time to sell?
in other words: how would you know we've reached the peak?

Do you have a set "goal" price at which you'd be selling no matter what happens? Do you intend to sell incrementally as the price goes up? Or maybe when the price gradually drops (e.g. it goes down for X days in a row), indicating we're past the peak?

I don't have any intentions of selling anytime soon but if I did it would not matter if it was at the peak of a bull run or when prices had started to decline. As long as I sell at a significantly higher price than at the time the BTC was acquired I would be satisfied. I would only sell if there was a really big purchase I wanted to make. Afterward I would begin to accumulate once again. Bitcoin is too important and valuable to me that I would feel the necessity to acquire and hodl more after having cashed out a large sum.
765  Alternate cryptocurrencies / Altcoin Discussion / Re: I can't keep up with the High gas fees on: September 23, 2023, 04:17:34 AM
When you mentioned "high gas fees," I assume you are referring to the altcoins network, right? In that case, I think you need to move this topic to Altcoins discussions.

Anyway, this is what I found regarding current transaction fees:



That does not seem too bad. What are the current fees for credit card transactions?

This only shows the cost for a simple transfer. When you are interacting with smart contracts the cost is significantly higher. Using an altcoin like Ethereum requires a lot of interacting with smart contracts. You don't just do one transfer and are done for a while like with Bitcoin. A typical ETH user might be trading multiple tokens across several DEXs, bridging tokens to different layers, buying NFTs and then listing them for a higher price. All of this activity consumes an enormous amount of gas.
766  Local / Español (Spanish) / Re: Red de Bitcoin, utilizada para almacenar NFTs ... on: September 22, 2023, 07:21:13 AM
Despues de que las ventas de Ordinals habian caido por 97%, segun un reporte de DappRadar, había algo de esperanza de que los NFTs en Bitcoin finalmente habían muerto. Parece no ser el caso. Esto se ha convertido en una guerra de cultura entre los maxis toxicos y los anti-maxis que quieren copiar ideas de los shitcoins. Hay mucha similitud entro los que apoyan a ordinals y los que querían hacer los bloques de Bitcoin mas grandes hace algunos años atrás y eventualmente crearon Bcash. Las intenciones no parecen ser sinceras y lo que realmente quieren hacer es promover estafas para enriquecerse.
767  Economy / Gambling discussion / Re: Are no KYC casinos taking risks? on: September 22, 2023, 06:15:03 AM
It is disappointing to see bitcoiners being such ardent proponents of authoritarian regulation and surveillance. It is impossible for casinos to properly follow the regulations of every single country and territory in the world. Every online casino is probably illegal in one place or another. Whether a casino is licensed or unlicensed it is alway the responsibility of the user to follow their local laws. There are plenty of KYC compliant places such as banks which are often used for money laundering so there's absolutely no reason whatsoever to go after a casino as long as they are not facilitating illegal activity. Bad people will try to do bad things regardless of whether they are asked for privacy invasive information.
768  Bitcoin / Bitcoin Discussion / Re: is bitcoin have grant program ? on: September 21, 2023, 06:30:16 PM
There isn't a way coded into the protocol that sets aside a portion of block rewards for establishing a dedicated fund. Several altcoins and tokens have a founder's reward or a pre-mine that does this. It would be a bad idea for Bitcoin to have this because it can be abused by developers setting up deals that favor themselves and other insiders. Independent organizations sponsoring developers is a better way to ensure it is a fair playing field and only deserving people get compensated. There are several exchanges, businesses, and non-profits which sponsor Bitcoin developers.
769  Bitcoin / Bitcoin Discussion / Re: Bitcoin dominace on: September 21, 2023, 05:11:12 PM
Bitcoin is the only cryptocurrency which we can confidently say is not a security. Investment firms are going to focus their ETFs on whatever has the best chance of getting government approval. I don't expect them to stay only with Bitcoin forever. Eventually they will look for new ways to make profit and altcoins seem to be the easy answer for crypto oriented businesses. I expect it to maintain it's dominance for quite some time but once the halvening is passed and ETF applications start diversifying into altcoins it could start going back down.
770  Economy / Economics / Re: X (formerly Twitter) may be telling people like me to exit the platform on: September 21, 2023, 07:07:32 AM
I can say for myself that I stopped using Twitter a long time ago.
~snip~

I deleted my account as soon as the new owner started applying some kind of absolute freedom of expression, that is, returning banned profiles to people who called for violence, denied the Holocaust or in any other way went against common sense or historical facts. I have nothing against people using any social network, but I've done the same as millions before or after me and I don't miss tweeting one bit.



As for paying for a service, I think it makes sense, because the world is just becoming that way - free stuff will just become a thing of the past, whether someone likes it or not.
The main users of X are from countries such as the USA, Japan and the UK. They can easily pay for a subscription because it will be invisible to their wallets. Next in terms of the number of users are countries such as Brazil, India, and Indonesia. For users from these poor countries, any payment matters, even a small one of $5 per month. Once the fee is introduced, most users from these countries will stop using X forever.

Of course, it is important for any company to generate profits to the detriment of the interests of users. On the other hand, this can help cut off a large number of bots that clutter up my notifications.

Social media is free because when you register you agree to allow them to harvest your data which is sold to advertisers who will profile you based on your behavior and interests. Their is no reason for anyone to pay a fee when you literally are the product. When a company starts nickel and diming users it is an admission of failure. Instead of fixing the problems which caused advertisers to leave, the cost of Elon’s incompetence is being passed on to users of their platform.
771  Economy / Economics / Re: If They Can Pay off their Debts, Why Don't They? on: September 21, 2023, 06:05:04 AM
Just because a country is wealthy does not mean they are capable of paying off their debts without resorting to measures that would harm their economy. Most of these countries' debts are in foreign currencies, mostly US dollars, so they can't just print their way out of it and even if they could it would lead to high inflation. When countries don't want to take measures like cutting spending or increasing taxes they will take on new debt to repay the old debt. Often these loans given to them will come with stringent conditions designed to advance the lending country's geopolitical interests. This cycle of debt can be difficult to overcome but it is possible to manage it without having to default.
772  Economy / Speculation / Re: Will Elon Musk keep what he said or not? on: September 21, 2023, 04:51:17 AM
Even if Tesla started accepting Bitcoin again I doubt it would have the same impact it did in 2021. The perception people have of Musk has changed significantly since he started embracing controversial political beliefs. Since his takeover of Twitter he has caused it's value to decline dramatically by making changes that the majority of people don't really want. Even after adding Dogecoin support to the Tesla shop a few months ago it's price remains down over 90% from it's all time high. Clearly his influence doesn't really matter much anymore.
773  Economy / Gambling / Re: Casinos not asking for KYC to register and play, but do require it to withdraw on: September 20, 2023, 07:47:47 AM
Interestingly their FAQ doesn't list the United States among the countries you're not allowed to play from. I've never seen that from a casino with a Curacao license unless it's something like Stake which redirects you to a different version of their casino if you're in the USA.

It would be unfeasible for a casino to KYC and verify every single person who registers. Some people just want to test the site out with a small amount of money and might never reach the withdrawal minimum. KYC compliance isn't cheap so I can see why it is only applied when you try to withdraw. Even if a site has KYC terms oftentimes you caan still play and withdraw without being asked for documents until you make a large withdrawal or do something suspicious like creating multiple accounts. I don't know how El Royale Casino operates but just to be safe I would advise anyone who wants to play there to read their terms carefully and be prepared for the possibility of being KYC’d.
774  Economy / Economics / Re: X (formerly Twitter) may be telling people like me to exit the platform on: September 19, 2023, 06:55:32 PM
As we have already seen with X Premium, bots have had no issues creating verified accounts. Spam and scams are still proliferating the platform. It seems to be worse than ever with AI tools being easily accessible. Charging people a fee to use the site won't do anything to stop this problem and just seems like a desperate attempt to turn a profit. Fortunately for Musk, Twitter has the early mover advantage and it's competitors like Bluesky and Threads are still in a fledgling state and have not been able to fully capitalize on Musk damaging Twitter's reputation.
775  Economy / Gambling discussion / Re: How do you manage your money on gambling sites. on: September 19, 2023, 06:23:48 PM
Some people might not want to withdraw their money from casinos because the fees are to high. If there is a casino you gamble at frequently then you will lose a lot in fees by constantly withdrawing. I usually only keep a modest sum in casino wallets and will withdraw once a certain threshold is reached. Some casinos might adjust their fees dynamically depending on the state of the mempool. It is wise to take advantage of this and make your withdrawals during a period when network fees are low.
776  Economy / Exchanges / Re: Let me rant a little: Coinbase fraudulently enriches itself on: September 19, 2023, 10:16:32 AM
It is not fraudulent to have a reasonable withdrawal minimum. Once they deduct the fee you will be left with an amount that is too small to spend if you’re even left with anything at all since the current high priority fee would be close to $1. Coinbase has done plenty of unethical things such as listing tokens which Coinbase Ventures was heavily invested in and it’s employees trading on insider information. Refusing a withdrawal which would only spam the Bitcoin network doesn’t meet the criteria of being considered one of their fraudulent self-dealing schemes.
777  Other / Beginners & Help / Re: Bitcoin and get rich quick syndrome on: September 19, 2023, 06:12:18 AM
When I first got into Bitcoin I had illusions of becoming a millionaire. This was like a decade ago when it was common to see the price make double digit percentage gains in a single day. You could go from having a few hundred to a few thousand dollars in a very short amount of time. I was not alone in feeling this way. Many people have become rich thanks to Bitcoin so it isn't a completely farfetched idea. The better understanding you have of Bitcoin, the more realistic your expectations will be. With enough patience and hard work there is potential to make substantial profit but only those who adopted early enough and were able to hold have been lucky enough to generate massive wealth in nearly an instant.
778  Economy / Gambling discussion / Re: When the fun stops on: September 19, 2023, 05:10:54 AM
Gambling can indeed be entertaining, especially if you are already wealthy and you can afford to lose a large amount of money. For a large percentage of gamblers, perhaps even a majority, their purpose for gambling is because they dream of getting that big win that can make their life easier. If you are no longer getting any entertainment value then it is worth considering quitting to prevent this from becoming a destructive habit. At the very least you should step back and analyze the best way to allocate your resources.
779  Economy / Digital goods / Re: Can someone help me out with G2a on: September 17, 2023, 08:03:07 PM
You should contact their support according to their FAQ. They’re a shady website who doesn’t seem to care about their reputation so there is no guarantee they will actually give you proper assistance and help resolve your problem.
780  Economy / Gambling discussion / Re: Ads for online gambling should be banned. on: September 17, 2023, 06:55:02 PM
https://www.theguardian.com/australia-news/2023/jun/28/ads-for-online-gambling-should-be-banned-in-australia-within-three-years-inquiry-recommends

If this should be implemented will it affect bitcointalk casinos? As we all know most established and new casinos come to bitcointalk to launch their ANN thread and carry out signature promotion campaigns which can be regarded as ads in a sense. If ads should be banned will their promotion in Bitcointalk also end?

Australian laws should have no effect on a global forum. I don't see how they can enforce this in their country without resorting to widespread censorship of the internet. Gambling ads are everywhere. Maybe they will just ban gambling entirely, that way even if a user clicks on an ad or visits a casino site after watching a video ad the domain will be blocked by their ISP.
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