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81  Economy / Gambling discussion / Re: ⚽ Premier League 2023/2024 Discussion Thread ⚽ on: April 25, 2024, 07:24:43 AM
Diogo Jota got injured, Cody Gakpo was missing, because his wife was giving birth. Nunez started missing goal opportunities again(this is his main problem). The weirdest thing was Salah being completely blocked by the Everton defenders. Luis Diaz missed the best goal opportunty for Liverpool and the players simply gave up. Everton was stronger and more motivated to win and this victory will help hem keep their place in the Premier League for the next season. Sean Dyche is a really good manager and he deserves to lead a bigger team.
82  Bitcoin / Bitcoin Discussion / Re: Samourai Wallet seized by the feds on: April 25, 2024, 06:51:00 AM
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Another privacy enhancing tool goes down the road. Apparently, the governments use everything in their disposal to undermine the users' privacy. Samourai team had recently announced that they were developing a decentralized version of whirlpool, using the Soroban network. It could be the case that they foresaw their own disappearance.

Was Samourai wallet a "privacy enhancing tool" or was it a money laundering tool? Or maybe it was both? Grin
It's funny how some people start whining about "the government taking away our privacy" every time some crypto mixing service gets banned/shut down for doing illegal stuff. I guess that some people think that the ability to conduct money laundering schemes and other illegal activities online is an integral part of their online privacy. Just get a Monero wallet and start using Monero. Why do we have to care about coinjoin/mixing services?
83  Economy / Gambling discussion / Re: ⚽ Premier League 2023/2024 Discussion Thread ⚽ on: April 24, 2024, 10:57:53 AM
The most surprising thing for me was Kai Havertz scoring two goals. This guy failed in Chelsea, but he obviously had found his place in Arsenal. Maybe Arteta knows how to help his players show their best performance. I've always thought that Havertz is a mediocre and overvalued player. Chelsea was in ruins during the second half, but I think that Pochettino shouldn't be sacked. The American guy, who is the current owner of Chelsea must stop with the transfer madness and start buying only the players, that are approved by Pochettino for the next season.
84  Economy / Economics / Re: What scares me from investing in gold. on: April 24, 2024, 06:47:22 AM
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For those who don't know Costco is a very popular supermarket in the US that sells everything from grocery to consumer electronics.

I live in Europe and I have never seen a supermarket selling gold bars. The USA is weird. Grin
I'm not interested in buying/selling gold, so I don't know anything about tips/tricks on how to not get scammed.
I've seen horror stories about some people buying fake gold from scammers, but I don't know if this is true or a lie.
Pawn shops are the best place to sell gold or maybe you should find offers about people wanting to buy gold on classified ads sites like Craigslist(these are not safe as well). There's always a certain level of risk involved, when you are dealing with someone, whom you don't trust.
85  Bitcoin / Bitcoin Discussion / Re: The impactation of Bitcoin halving and my opinion on: April 24, 2024, 06:07:26 AM
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As simple as that, yes it does because Bitcoin halving has a mechanism impact to influence the supplies, preserves decentralized notations on a specific max volume of Bitcoin in the market to maintain stable rewards on the Bitcoin industrial structures.
And thereafter the halving comes the bull run and the OP will agree with me that every bull runs is accountable to surge an ATH which is resulted just after the halving.

Bitcoin industrial structures? WTF? It seems to me that some AI has created this text. OP, did you wrote this by yourself? Can you explain what do you mean by "Bitcoin industrial structures"? Do you mean Bitcoin miners? Grin As if Bitcoin is being produced in giant facilities like cars and trucks. Grin
Anyway, this is probably the 1000th forum thread about "Will the BTC halving have an impact over the price?" We've been here back in 2020 and the forum was full with the same forum threads. I guess that the forum was full with similar threads back in 2016 and 2012.
The 2024 BTC halving is behind our backs and maybe we should stop flooding the forum with the same threads over and over again.
86  Economy / Speculation / Re: Does the dumping of bitcoin-backed shares have effect on BTC's price? on: April 23, 2024, 11:01:16 AM
On the back of another topic which I started earlier today related to Michael Saylor selling his 400k shares in Microstrategy, a question came to mind:

Does the selling of bitcoin-backed shares directly affect bitcoin's price at all?

As a thought experiment, instead of Microstrategy, we could take a hypothetical small (but listed) company that has minimal operations but buys tonnes of bitcoins, to the point that the value of its shares is almost entirely backed by bitcoins and their market price is 100% correlated with bitcoin price.

What happens when a shareholder decides to dump a large amount of such shares on the market? Would that be equivalent to dumping bitcoins? After all, it's just a change in the company's ownership and bitcoins held by the company remain untouched.

When it comes to Bitcoin, all news and gossips that are somewhat related to Bitcoin can have a short term influence over the BTC price.
Some traders could interpret such news as FUD and start selling. Other traders could interpret the news in a different way and start buying.
When it comes to the stock shares of a particular company, the answer is more like "it depends". Imagine Elon Musk sells all his Tesla stocks. The price of the Tesla stocks would most likely drop severely for a while and recover afterwards. Now let's imagine that Elon Musk sells all his Tesla stocks to a buyer, who is willing to pay a higher price. This would most likely boost the market cap of Tesla Motors in the short term.
87  Economy / Gambling discussion / Re: ⚽ Football Transfers Speculation, Odds and Predictions on: April 23, 2024, 06:59:11 AM
The new owner of Manchester United must kick out Ten Hag and around 70% of the footballers after the end of the season. That's for sure.
Replacing Ten Hag with Thomas Tuchel seems like a joke to me. Tuchel failed with Bayern Munich. You have to be an extremely incompetent and mediocre coach/manager, if you fail to win the Bundesliga with Bayern Munich. Yes, Tuchel won the Champions League with Chelsea, but that was during the pandemic, when most football clubs had difficulties with infected players and other sh*t. I don't remember Tuchel winning the French League with PSG, maybe he did, but winning the French League with a multi-million team full of super-stars is supposed to be easy.
88  Bitcoin / Bitcoin Discussion / Re: What if they centralized Bitcoin? on: April 23, 2024, 06:02:32 AM
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Today, Bitcoin is simply an investment and value store, not a "currency" for most of its users.
Today, most holders of Bitcoin do so in a centralized way, e.g. with a broker or an app.
Bitcoin has failed its original purpose of being able to thwart government subpoenas since it is subject to chain analysis (and hence has opened the door to competitors like Monera for this niche need).
Bitcoin could never become a mainstream currency since it was intentionally designed to be slow and expensive.
With so much adoption and awareness from its popularity as an investment instrument, Bitcoin could become a mainstream worldwide currency if it were made to be fast and cheap, allowing it to be used for everyday transactions e.g. a parking meter or a cup of coffee.
Mainstream adoption of Bitcoin like this would probably send the price of Bitcoin into orbit.

Nobody says that Bitcoin is perfect(maybe with the exception of a bunch of delusional Bitcoin fanatics).
It's a fact that the current state of Bitcoin is different than Satoshi's vision about a peer-to-peer currency. I don't see this as a problem.
There are centralized altcoins with bigger supply and less scarcity. Are they better than Bitcoin? No. Did they achieve mass adoption? No.
A centralized coin with a simplified protocol would be basically "fiat 2.0" disguised as a crypto. Do we really need this?
Bitcoin was never intended to be a competitor of Monero. The transparency of the blockchain is a positive feature, because it creates trust among the newbies.
89  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2023/24 on: April 22, 2024, 10:59:26 AM
The penalty for Real Madrid was questionable to say the least. Lucas Vasques put his foot on the Barcelona player's leg and then he jumped on the grass, but the referee didn't see this. The situation when Lunin saved the ball on the goal line was also questionable.
Anyway, Real Madrid had proven that they are the most consistent team in this season of the La Liga(even though they weren't that consistent at the beginning of the season). Ancelotti had proven once again that he is maybe the greatest coach in this day and age.
I'm sad that Jirona couldn't manage to keep the first place until the end of the season, but winning the third place for such a small club would be a great achievement. At least I can assume that Jirona will keep the third place until the end. Grin Congrats to Real Madrid and their fans.
90  Economy / Gambling discussion / Re: Streaming community are getting worst!!! on: April 22, 2024, 06:42:52 AM
The online streamers have already sold their dignity. I mean, the guy(or girl) decided to make money out of playing video games in his/her room and streaming, instead of getting a normal job like everybody else. What about all the girls, that are making easy money showing their ass on Onlyfans? Did they lost their dignity as well? The internet is what it is. The shameless people are going to use every opportunity they have to make a quick buck. And yes, in most cases this is totally cringe, but we live in a strange world.
The promotion of gambling isn't banned or illegal, so what's stopping the steamers to promote gambling?
91  Bitcoin / Bitcoin Discussion / Re: Doesn't higher bitcoin prices more than compensate for reduced block reward? on: April 22, 2024, 06:06:25 AM
As a miner if your  block reward is cut in half but the value of the reward has more than doubled from what it used to be then shouldn't that more than compensate you
for the loss in quantity you are getting post-halving? In other words the value of the reward is what matters not how much of it you receive?

The value of bitcoin can be expected to at least double with every new cycle, along with the number of people using bitcoin.
So miners will also be receiving at least double the volume of transactions fees as bitcoin becomes more popular and more users are entering the space.



I can agree with one thing. With the reduction of mining rewards, the process of mining Bitcoins becomes less and less profitable for the smaller miners, so they leave the mining industry and only the "big boys" remain. Having higher BTC price doesn't necessarily mean that the transaction fees will be higher. Two weeks ago, the Bitcoin price was around sixty five thousand dollars and the average fee on the blockchain was less than 3 euro. The quantity of transactions is what determines the Bitcoin price, so the mass adoption of BTC could lead to bigger amount of transactions. Off-chain solutions like the Lighting Network failed to gain mass adoption, while useless on-chain features like ordinals and runes helped for congesting the BTC blockchain.
92  Economy / Speculation / Re: If China Supports Crypto, Where Can Bitcoin's Price Go? on: April 21, 2024, 10:21:32 AM
I'm not familiar with the current state of Bitcoin/crypto in China, but there are several things you should take into consideration.
1.If China becomes aggressively "pro-crypto", the USA/western world could become more anti-crypto and ban cryptocurrencies(or impose heavy regulations). Even if China "supports" Bitcoin, this might be neutralized by the USA/European Union banning Bitcoin.
2.Do you remember several years ago, when China had the biggest concentration of crypto miners in the world? Do you remember all the FUD, that was coming from China? We don't need this sh*t again. Maybe it's better for the crypto world to have a China, that isn't crypto-friendly.
3.The Chinese government and central bank will never support Bitcoin. They will support their "digital yuan" CBDC.
93  Economy / Gambling discussion / Re: Understanding the Impact of Social Media in Gambling. on: April 21, 2024, 07:00:03 AM
A lot of social media influencers especially bloggers and YouTubers are promoting gambling usually at the end of their blogs or videos.
I could see a huge contribution and spread of information that they made especially during this time where the majority are using smartphones already. In fact, we've been seeing a massive increase in gamblers and online gambling sites. But how this could affect the mindset of the kids when they are also seeing these ads/promotions from the social media influencers they followed? I could be wrong but this has a mental effect on them and at a very young age, they are exposed to gambling already which is supposedly not the right time.

I think these influencers must know their target audience before accepting the offer or should not be included in their blogs or videos?

I was exposed to gambling when I was around 14-15 years old and it didn't affect me at all. Back in the day, social media wasn't a thing, but I used to read books about playing poker and blackjack. I didn't visit an offline casino back then and I have never gambled in my teenage years.
I can assume that most kids/teenagers won't be heavily impacted by all this gambling content on social media. Maybe some of them will try to gamble, but who is going to give them money? Their parents? Grin The teens should find a job in order to get money for gambling, I see this as a win. Starting to work at a younger age is way better than doing nothing and watching your phone all day.
Maybe all the social media platforms should impose strict regulations about gambling sponsorships and advertisements.
94  Bitcoin / Bitcoin Discussion / Re: OTHER NEGATIVE EFFECTS OF THE BITCOIN HALVING EVENT on: April 21, 2024, 06:10:05 AM
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A lot of people don't really understand the concept of bitcoin halving.

I have the feeling that you don't understand the concept of BTC halving.
The transaction fees have nothing to do with the BTC halving. It's just bigger short term transaction quantity making the blockchain stuck for a while.
Like another forum member already wrote, 95% of all BTC is already mined, your theory about transaction fees being high because more people are competing for less BTC is just nonsense. The overall scarcity of BTC affects the BTC price, not the transaction fees.
Bitcoin already went thru four halvings in the past years(including the last one). What "negative effects" did you see in the last three halvings?
I didn't seen any negative effects at all.
95  Economy / Economics / Re: Play to earn model vs move to earn model. on: April 19, 2024, 10:25:16 AM
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Can the 'move to earn model' offered by a company like Sweatcoin, of whom are willing to pay tokens to users who have either sweated using the app while running or swimming, be a micro or macro solution to economic problems, if adopted on a large scale?

How can a "paid to walk" app be a micro or macro solution for economic problems? Are you kidding me? Do you think that the people will leave their jobs in order to focus on earning money 24/7 on a paid-to-walk app? Those apps are paying pennies(unless you are living in a Tier 1 country).
1.Those paid-to-walk apps are a variation of the Get-paid-to(or GPT) websites like Swagbucks and Qmee.
2.This sweatcoin isn't an actual cryptocurrency. It's more like a token, just like the points you earn on Swagbucks.
3.The play-to-earn model was a total ponzi scheme scam. No wonder that games like Axie Infinity died in terms of popularity.
96  Economy / Gambling discussion / Re: "Jontay Porter receives lifetime ban from NBA for violating gambling rules" on: April 19, 2024, 06:48:37 AM
This Jontay Porter guy doesn't seem very smart. He got what he deserved, but the problem is that many players are doing the same thing he did.
I'm 100% sure about this. He was just the first guy, who got caught. Maybe he wasn't cautious enough, I guess.
Many people might not agree with me, but I think that sports betting is slowly ruining all sports. Everything is a business now. Everything is about money. What happened to the passion for the game? Banning sports betting won't solve the problem. The sports betting industry is too big to fail nowadays.
97  Bitcoin / Bitcoin Discussion / Re: Isn't Altcoin a distraction to Bitcoin adoption? on: April 19, 2024, 06:22:16 AM
Altcoins are supposed to be competing with Bitcoin, and this is actually something good. Competition makes the market better. The freedom of choice also makes the market better. I know that most altcoins are shitcoins and meme coins, but you should think of it as the stock market. Most companies simply aren't that good and there are several companies, that are top tier. The same applies to Bitcoin and the altcoins.
If there was only Bitcoin, that would have been more like a monopoly over the crypto world. A monopoly is bad for the market, because it controls the markets and it doesn't strive to improve. You can't stop the developers from creating altcoins and meme coins and this is perfectly fine.
98  Economy / Economics / Re: The collapse of central banks...Inevitable? on: April 18, 2024, 10:07:47 AM
With central banks struggling to keep inflation under control, people are beginning to lose trust in the traditional financial system. Some politicians (eg: Javier Milei) even suggested to abolish central banks as they're the main cause of the world's economic problems.

If the global economy continues to deteriorate, do you think central banks will collapse? If that happens, it will be the end of Fiat for good. In such a scenario, do you think Bitcoin will become the currency of the world?

What's your opinion? Your input would be greatly appreciated. Thanks. Smiley

Javier Milei never suggested that the central banks should be abolished. He suggested that the central bank of Argentina should be closed down and Argentina should accept the US dollar as a national currency, which means that the United States Federal Reserve would become something like a new central bank for Argentina.
I don't see any people losing faith in the traditional financial system. The people keep using cash, credit and debit cards. Almost nobody switched completely to crypto.
The global economy isn't deteriorating. The global GDP is growing. The fact that some countries are having a hard time doesn't mean that the global economy is deteriorating.
99  Economy / Gambling discussion / Re: Neymar being addicted to online poker on: April 18, 2024, 06:39:21 AM
A recently viral video shows football star Neymar playing online poker while celebrating his daughter's birthday with a group of other people present.

https://www.dailymail.co.uk/sport/football/article-13299361/Neymar-online-poker-daughter-Al-Hilal.html

This to me goes to show that no one is immune from addiction. Neymar may have largeley solved his money problems but still he doesn't seem to be able to control his time spend gambling. Therefore he's seen utilizing his time very recklessly, prioritizing playing the right cards over living these once in a lifetime precious moments the best he can. And if a multimillionaire can get addicted in this way, anyone can. Consider this before spending too much of your precious time gambling. Put some limits and enjoy responsibly!

Why do you think that he "solved his money problems"? He might be a multimillionaire, but I wonder what will happen after the end of his football career, when he won't get absurd amounts of money from Saudi Arabian football clubs or big sponsorship deals.
I'm sure that his wife(or girlfriend, I don't know if he's married) will divorce him and take away half of his wealth. His gambling addiction won't stop soon and he might spend most of his millions on the casinos. Many big football players end up going bankrupt after their careers end, due to bad financial decisions.
100  Bitcoin / Bitcoin Discussion / Re: Short-term holders now have about ~1.8M BTC on: April 18, 2024, 05:57:04 AM
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Short-term holders are those who bought Bitcoin on average in the past 155 days or about the past 5 months, as they bought about 10% of the total supply of Bitcoin. If the pace of buying continues at the same price, the price will continue to move forward and strongly after halving, making it the first time we will see a year of rises without real correction.

I agree with other forum members about one thing. Short terms BTC buyers aren't actual HODLers and you shouldn't call them HODLers.
The pace of buying can't continue "at the same price" because the price won't be the same. Some BTC buyers might be willing to buy at levels above sixty thousand dollars, while other buyers might be waiting for price drops, in order to buy at a lower price. If the price grows above 70K USD, some of the buyers might get discouraged by the high price. I'm sure that there will be FUD news and panic selling in the next few months, so the rapid growth shown on this chart won't be sustainable. The real bull run should start at the end of 2024.
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