People are very negligent and they lose valuable items every day ..all over the world. We should learn from the mistakes that other people are making to prevent that from happening to us. It is a huge responsibility to take control of your own wealth and not to rely on intermediaries or third parties to secure it for you. These actions come with risks and we should adapt our behavior to the change or we will lose that wealth. Make copies of your private keys or recovery seed phrases and store them in a safe place... and make sure that it is protected from the environment.  |
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Yes, we must be optimistic about the technology that we love.. but we should also be realistic. The technology should not just be focused on "price" and "profit" but rather what use case it can unlock for people that have challenges with other financial options. There are millions of un-Banked people out there and we should find solutions for these people to bring them into the economy. Bitcoin should also change people's lives and put them into a better financial position. (Inflation buster) |
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I created some paper wallets with bitaddress.org with a computer & printer that I never connected to the Internet again. We have a local computer shop that sells "cheap" second hand computers and I bought a low spec computer and printer from them. I created the wallets and printed multiple copies of the wallets and then I stored the computer in the basement. (I can actually destroy it, but I might want to make more wallets) Some people use an air-gapped computer, but I feel that there are still some ways to access a computer, even if it was disconnected for a while.  |
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The slots in my country are configured to clear all balances, when the card are removed from the system. Some people leave their card in the machine, when they go to the toilet or if they go for drinks and I hate that.
The casino only have a limited amount of machines and people compete to use them, I think the rules should be changed that if you leave the machine, you lose all credits or access to that machine. Why should someone have rights to a machine or credits on that machine, if they step away from it? (When it was still coin operated... you lost the coins on the machine, if you did not cashout.... period)
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I think the casino are being pro-active to people that are winning against the odds. They might think that you found a way to beat the system and they are scared that you are going to exploit it and they will go bankrupt if this is done by more people.  A lot of these casinos are giving out these bonuses, knowing that the majority of the money will come back to them... but some people find ways to beat that and they cannot handle that. (It was designed for you to pay it back... not for you to profit from it) |
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You do what millions of people are doing..... you adapt your lifestyle towards the income that you receive. You first start by cutting the luxuries from your budget and strip it down to the bare necessities and then you find cheaper alternatives for the bare necessities. You also look for ways to supplement your primary income, so that you can pay off most of your debt. Also try not to incur more debt, because that puts you in a worst situation.  |
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If you don't like banks then you should stop using them. If you say banks are scams why do you still use them? Don't be like OP and talk bad about things you still depend on every day. If bitcoin is really so good, why hasn't it replaced banks yet, why haven't you converted all your assets to bitcoin? We should be honest with each other when discussing, don't try to live a fake life just because we want to flatter others. Bitcoin is really good but it will never replace banks and both have their own use cases.
It's an argument similar to asking someone, if you don't like your job, why do you keep on working? Most people can't stop using banks because their employer demands they have an account. In many countries (for instance the whole EU) an employee must have a bank account. You can pay your contractors in cash, but someone who's employed by a business can't be paid in cash. I'd gladly stop using banks if I had a full time job that paid me in bitcoin. You do not have to ask your employer to convert all your salary to Bitcoin, because in most countries that does not work. A lot of the things you have to pay, cannot be paid in Bitcoin...so doing that will be stupid. I asked my employer to convert a small portion of my salary into Bitcoin, so that I can use it to pay for lunch at local food merchants that accept Bitcoin as a payment option. (Lightning Network) .... luckily for me, my boss are also a Bitcoin supporter... so he allowed it for a couple of us at work. The thing is you have to ask and you also have to find merchants that accept Bitcoin as a payment option to use some of those coins. (80/20 split between hoard and use) |
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I think the key word here is .." high-stakes gambling habits" .... and that is a reputational risk for them, if Dana White continue that behavior and then get addicted to gambling. You do not want to be the casino that gets the bad reputation that you allowed a potential gambling addict to gamble at your casino. "White revealed that he was banned from the Palms Casino after winning $1.6 million on a single night. It is worth noting that the Palms resort and casino is now owned by the former owners of the UFC, the Fertitta brothers, which has enabled White to gamble at the Palms again." - Source : https://www.sportskeeda.com/mma/news-my-anxiety-s-roof-joe-rogan-breaks-silence-viral-gambling-video-dana-white-losing-600-grand-blackjackAre they protecting themselves or are they protecting Dana White? |
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I see what you mean..... there are some bets, where it shows 2 or 4 bets in one second, which is not normal. I think this might just be a glitch in the system, where the bet is displayed more than once in the bet history. If this was something like Plinko ..you might have several balls dropping in a micro second from each other, but this is a slot and the bets normally take longer. Just take a screen capture and ask the casino support to explain to you, why you are getting this output in your bet history. Also compare that with other players that are playing at the same casino. |
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Well, I would weigh up the risk percentage of the two options to see what has the biggest risk and then I would steer away from that. In my country 2 out of 5 businesses fail within the first 3 years, so I would make sure that I do enough market research to see if I can be one of the 3 that make it.
I take it the other option is some kind of investment or even fixed Bank account with lower profit/interest? If your friend are young.. then taking chances ..carry lower risk, because if it fails... he or she has enough time to recover again.
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Just as the banking industry is always improving the sector, for example the introduction of contactless card makes transactions seamless and stress free. The bitcoin network is also doing the same, the integration of lightning network makes transaction better faster and cheaper.
However, no matter how hard transitional banking and Bitcoin developers try to improve both networks, users will still be susceptible to different forms scams and hacks, fiats and Bitcoin will still be stolen. Sadly, there's nothing anyone can do about because it still balls down on the individuals to adhere to some basic security tips to keep their assets safe.
Yes, no matter what are implemented... scammers and thieves constantly evolve to adapt to the changes.. so it is the responsibility of the community to brainstorm new innovative ways to counter them, after that developers will take those ideas and they might implement that. Just imagine if Bitcoin can come up with a good solution for many of these attacks and all the people that were victims of these attacks.. start migrating to Bitcoin or the Lightning Network for their payments. |
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I think people should change with the times.... there are lots of opportunities out there, if you are innovative enough to find them. Look at the basic things that do not change and focus on that. (People need a roof over their heads / People need to eat / People need basic services like their hair being cut .....) We can also not rely on one income, but finding two jobs ..when unemployment are on the increase... might be very difficult. So you will have to think out of the box... and create a job out of a hobby. (Example : You might like flying drones... so rent your service to people who might want to use drones) |
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Governments and several organisations work to encourage responsible gaming. This involves establishing betting restrictions, offering support to those who think they have a gambling problem, and participating in self-exclusion programmes.
I feel like this has become just an old concept that are thrown out there to silence the critics and the haters and the licensing authorities. Do we really think an industry that are profit driven ..... care about people gambling responsibly? They lose money, when people practice responsible gambling.. and they should actively be engaged to prevent gambling addiction. There should be AI used to detect signs of gambling addiction in an early stage and they should engage with those gamblers to prevent this from getting out of control, before it is too late.  |
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I just realized that the slot game at the stake casino uses my local currency, usually I open a stake just playing crash, dice or other simple games, but I just opened the slot game and it turns out it uses local currency, I'm happy to be able to bet with a nominal amount very minimal
Yeah Stake.com has implemented it 2 years ago and Stake is not the only one because other casinos also implement it, IDR, INR, PHP, KRW and JPY is a local currency added from the Asian region the reason is of course that Stake.com has many active players from that country, it seems like you have been away from this casino for too long. IDR is the most attractive in my opinion because you can have fun playing with the buy spin feature for only $1.3 on the Pragmatic provider. Yea, I found that out when people were competing in the Daily Slot challenges and the winners started to post winning bets with amounts that were lower than the required amount in the challenge. I then figured out that I can play my favorite Pragmatic Slots with lower amounts that it normally allows you to play with other currencies. Why is this the case with IDR and not with the other currencies? |
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Ok, so it seems like someone pissed in your soup today.. but I will ignore that.
At least I had some soup! When you have on this forum 10 people that tell you that you don't have a clue what you're talking about it's time to retreat in the background! Some of you don't realize how this kind of made-up praising for BTC can backfire, seriously, now when everyone has been complaining for months about the mempool, and how costly it is to make daily transactions how you can just wait or use another coin you're telling people to use BTC over cards? Yeah, they sure do, 400k out of which 300k are drawing monkeys in the blockchain versus 1 billion daily! Just think twice: - your friend gets his card stolen and is unblocked ready to spent, he can still call a bank to block it - your friend loses his smartphone with his wallet without a pin, how safe are his bitcoins? When you make up stories at least think twice before letting them out in the open! As a matter of fact, I have several cards with the contactless payment option "enabled" ...
You really fell hard for this one  . I think you got my soup bowl. So, if: - banks are scams - cards are stupid and faulty Why za fk are you a Bitcoin lover in possession and using "several cards" from the evil scamming banks that suck our blood? The "scammer" would have to issue a new payment every time to charge you and that is not done in a second, there is a built-in delay in every of those PoS. I think that the OS is what protects the user in the case that someone steals their phone. There is a timeout setting, wherein the user has to authenticate the transaction. I'm a Google Pay user, and I've noticed that if I leave my phone open for a couple of minutes, I cannot make a payment. I'll have to turn off and on. No, I was talking about the attacker side, OP claimed that the attacker can come to you and in a matter of seconds empty your card by just bumping into you. The PoS has a delay, after each confirmation it does another PoS to Visa(for example) transmission on ending the session, then when you feed it with another recipe for another sum it will not get the key to initiate the transaction without a delay, no matter how fast you try to do it you will not get it ready in one second, it's the terminal itself that limits this. Banks go better and cheaper than in the past. What you wrote here seem to be over-inflated stories from people who don't really use cards.
~
The list may be longer too. As you can see, the list is not small, so we can better discuss on the facts, not on various... tales.
I don't understand why every single time they need to be praising Bitcoin they go for the wrong stuff. But I assume it's because deep in their hearts they know they're making the same mistakes with Bitcoin as they do with Fiat! Trusting Binance or Kraken with their coins and KYC, not creating a back-up, using their wallets on the same smartphone they have downloaded one hundred shady apps, and the list can go on and on and on, the real advantages are still here but they want they cling to have been gone for years, it's no longer 2009 anymore. You are totally missing the point of this whole thread.... I am not saying Bitcoin are perfect and Banks are only bad.. I am pointing out the "failures" of the system that most of us are forced to use. How can I not use Bank services, if that is the only "authorized" legal currency in most countries. Do you think I would still be using it, if governments allowed it and if it was legal tender? This is turning into a pissing contest or you are just trolling the shit out of this thread.. and I do not have the energy for that. I posted this to ask the question.... How can Bitcoin do this better... not how Bitcoin are better, so let's just move on. |
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First of all.. do not expect support.... but rather be happy when you do get it. I have read through your replies and I can gather that you created a mobile version of the Bitcointalk forum and that you are looking for people that can fund your idea. I was a moderator on a forum for Crypto currencies and I can tell you, it is not easy to run this. You have to stop bots and you have to fund ways to advertise your site and to get people to join and also actively engage and re-visit the site to sustain the advertisement income. It is very hard work to get it off the ground and it is even harder to maintain it.... so Good luck with that. |
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Yes, that is true.... The the thing is, parents of these kids that are allowing them to gamble are more at fault here than the casino that are not aware of that. Some parents are not allowing it, but they might create an opportunity for them to do it. (Example : Leaving Kids unsupervised for many hours in the day or simply allowing them to do whatever they like on their mobile phones or computer devices) So, when kids get addicted to gambling... parents blame the casinos... but it was their responsibility to monitor their kids and to prevent them from doing things that they were not allowed to do. |
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I think both of them are doing the same thing in a different way. The Brokers are using someone else's money to gamble on the trading platforms and they take a fixed commission for that, where the casino are taking a profit from a fixed house edge. So no matter what happens ....they get their profit and the investor and gambler are taking all the risk. There are complex systems at work, behind the scene that the average investor and gambler do not know about.... but those systems are designed to protect the profit of the Broker and the casino owner and shareholders. |
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It is funny how people are attacking China .... when the US economy are bending the knee before them. China are lately buying the most Gold in the world.... where ==> "The United States boasts both the world's biggest national debt in terms of dollar amount and its largest economy, which resolves to a debt-to GDP ratio of approximately 128.13%. The United States' government's spending exceeds its income most years, and the US has not had a budget surplus since 2001" Source : https://worldpopulationreview.com/country-rankings/countries-by-national-debtI am not a "Goldbug" and it has been like that for many years. Try to get an independent audit on the Gold that are stored in Fort Knox for example and you will be amazed that it has not been physically inspected for many years. (It can be Gold plated Tungsten or Lead bars for what we know) In any way.... countries like China and Russia and India are buying Gold like crazy... while other countries are collecting debt. |
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The scammers have figured out how to use that service to their advantage... by simply tapping it continuously (if it is not limited) and if it requires a pin... by watching you and following you after you have made a purchase. (They then take your card by force and physically tap it until your account are empty)
That's not how transactions happen. Each generation has a unique key, tapping on it multiple times won't make a double or triple purchase. The "scammer" would have to issue a new payment every time to charge you and that is not done in a second, there is a built-in delay in every of those PoS. Second, you won't get a contactless card to trigger a confirmation by following a guy, it barely works 2 cm directly from the sensor, and I've used this thing a thousand times to realize it makes no sense even bumping into somebody with it, one layer of clothes and a wallet are enough. Besides, this whole thing just highlights how banks are better than Bitcoin here, you have chargebacks, and you can get your money instantly back, with Bitcoin good luck, who are you going to call? They can even bump into you with a device that will initiate a small purchase from your card that can "tap" As I said above, this is bs! You've never seen or used a contactless card right? And what is the scammer going to do, wait 30 days hoping you're not going to ask your bank about this, and then go to his own bank and withdraw the money they have scammed from you. Really? What's next drug dealers coming to the police to demand damages for getting paid with fake notes for fentanyl? Share your experience with these Banking problems and give possible solutions for this, because we will draw a lot of people to Bitcoin, if we find innovative solutions to problems like this. Ok, so this is a bank-hating topic, not a topic about facts, got it! Let's lie to ourselves cause that will make us feel better! Ok, so it seems like someone pissed in your soup today.. but I will ignore that. As a matter of fact, I have several cards with the contactless payment option "enabled" ....Yes, you can ask the Bank to disable it, but most people find it convenient and during "Covid" it was the safer option, because you did not have to type in a pin. One of my close friends had their wallet stolen and the thief got hold of two of his cards where the "tap" feature were enabled. The one Bank allowed "unlimited' tapping for small amounts and the criminal went to a tavern in the informal settlement, where merchants do not ask questions and he bought alcohol ..until the account was empty. (Luckily the other card had a daily limit, so they could only tap until that limit was reached and then it was blocked) Also, the optimum distance for the contactless payment are 4 centimetres or less, the signal are rapidly decreasing and can never exceed 10 centimetres. The fact of the matter is, criminals have found ways to exploit payment systems ....not just with payment systems used by Banks and if we can find safer options to protect our wealth, then we should brainstorm ideas to do that with Bitcoin. I was a victim of two incidents, where money was stolen from my Bank (online & offline) ...and that was one of the reasons why I started using Bitcoin. (I Googled for alternative payment options and I found Bitcoin) |
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