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801  Economy / Gambling / Re: Casino vs. Broker: Who's Really Playing You in the Money Game on: September 29, 2023, 06:27:06 AM
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.  Tongue
802  Economy / Economics / Re: China real estate crisis: Buy a house and get a gold bar! No Bitcoin unf! on: September 29, 2023, 06:17:00 AM
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-debt

I 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)  Roll Eyes

In any way.... countries like China and Russia and India are buying Gold like crazy... while other countries are collecting debt.  Roll Eyes
803  Bitcoin / Bitcoin Discussion / Re: Banking scams ...How are Bitcoin better? on: September 29, 2023, 05:51:18 AM
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"  Roll Eyes

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)  Wink
804  Bitcoin / Bitcoin Discussion / Banking scams ...How are Bitcoin better? on: September 28, 2023, 01:22:28 PM
The Banks are continuously improving their service with offering that are more user-friendly and easy to use. One example of this are "Contactless Card Payments" where you tap your card for small purchases.

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)

They also use card skimming devices to "clone" your card and use pin hole cameras to capture your pin while you are typing it. They can even bump into you with a device that will initiate a small purchase from your card that can "tap"  Roll Eyes

Your credit card are constantly under attack, when you use it online and your Banking Apps are making you a target, because they only need access to you to force you to enter your pin... then they can change daily limits and transfer as much money as they like. (Local criminal syndicates work with Bank employees to identify potential targets.)

So, I was thinking... How can Bitcoin be better? Can we find better solutions for these attacks and will these solutions still give us ease of use? (No complexity but still user-friendly)

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.  Wink
805  Other / Off-topic / Re: Google is 25 Today - What has been Your Experience ! on: September 28, 2023, 09:38:06 AM
I think Google are a jackal in sheep clothing.... because they are making gazillions of Dollars on your information and they are sharing your data with governments all over the world.  Roll Eyes

Yes, the service that they are offering are fast and reliable and it is "FREE" but it come at a cost. They know a lot more about you, than what most people would be comfortable with... but you allow it, because it is "FREE".  Huh

Google owns approximately 232 companies for a total cost of about $20.89 billion. (Source - Forex.com) Example : YouTube / FitBit etc..
806  Economy / Gambling discussion / Re: Sometimes just flex it ( luck is all you need) on: September 28, 2023, 09:29:48 AM
The majority of people only focus on the one or two large wins they got, but the bigger picture are more important. Let's say you gambled $100 000 over one year and you only won back $10 000 in total, would you see that as a big win?

You see people posting their huge Jackpot wins on social media, but you do not see how much money they lost before that. Yes, some people might say that you got back some of your money, but you are still in the red... if that was the case.  Roll Eyes
807  Economy / Gambling / Re: TOP69CryptoCasinos.com | Reviews & Listings - A more honest approach on: September 28, 2023, 09:22:02 AM
So, what are your long-term business plan? I can understand that you are using affiliates income for your short-term goals and I think the decision to stop using that are dependent on how much income you will be getting from that. (I guess you are hoping to hook some whales)  Roll Eyes

I think your approach to this are good.... transparency and fairness are the corner stone of every review site. Visitors can quickly pick up if your site are profit driven and not there for fair reviews.
808  Bitcoin / Bitcoin Discussion / Re: What will you do if your country did not legalize cryptocurrency? on: September 28, 2023, 09:09:13 AM
You just go on as normal, because nothing can stop you to convert those bitcoins into cash, when you go to countries where it is legal. I will buy a lot of coins over a long period and then go on an extended "Bitcoin" holiday ..to a country where Bitcoin are legal.

I will then use those coins to buy stuff and to pay for services and my country will not see any of the taxes that are paid on those coins. (VAT in some countries)

Imagine buying an expensive Rolex watch in another country and then selling it, once you get back to your own country.  Wink
809  Bitcoin / Bitcoin Discussion / Re: Cashing Out Thousands of Bitcoin on: September 28, 2023, 09:03:10 AM
I would not even consider converting that amount of coins in one transaction. I would open several accounts at different Crypto currency exchanges and then transfer some coins to all of them. I will then convert smaller amounts and deposit it into several different Bank accounts that are linked to those exchanges.

The Banks already flag transactions at a much lower amount (I think something like $10 000) .. so the Tax authorities will know, even if you do this with small amounts.  Roll Eyes
810  Bitcoin / Project Development / Re: Crosspass - a simple way to share passwords, encryption keys, banking info on: September 27, 2023, 06:12:10 AM
It might be nice if you can create a Offline App that can be used to import private keys for paper wallets. Imagine if you can encrypt the private key offline, before you use it and when you go online to import it.. then it quickly decrypt it before you import it. (It does not give the hacker the time to capture and use it, before you use it)  Wink

Many people have malware / Clipboard hacks etc... that collect private keys, when you paste it in text ... and if the hacker is fast enough, he or she can exploit that.... but if the private key are encrypted "offline" and then decrypted just before you use it online to import, it will help you to prevent that exploit.

Good luck with "Crosspass"... once you can get the source code independently verified and you received a "green" light for the trust aspect, then things will change for you.  Wink
811  Economy / Gambling discussion / Re: Which games offer the best chance of a big win? on: September 27, 2023, 05:55:59 AM
Well, Slots with a high variance like the Slots from Hacksaw Gaming.. can give you massive wins with huge multipliers, but as you said... it is very rare. The games like "Crash" can also give you a high multiplier, but how much money do you have to spend to hit it and what will your ROI be, if you eventually hit it?

You left out Sport betting.... and I think there are also huge potential for abnormal wins with "multi" bets with small amounts. I once almost hit a $100 000 win with a "multi" bet and only missed out on 2 predictions.  Wink
812  Economy / Gambling / Re: The most liquid companies in the gambling industry on: September 27, 2023, 05:46:12 AM
Ok, so you quoted the exact content from Wikipedia and you did not provide the source... (which you say, is not necessary.. because it is public domain)  Roll Eyes We might differ from you, because we want to see the source... it is causing a lot of speculation regarding the possibility that you used AI to create it... and that would have been prevented, if you posted the source.

Also, posting content that are not really linked to Crypto gambling are not constructive to the goal of this forum.... yes, it is gambling related.. but those are brick n mortar casinos with no connection to any Crypto currencies.  Roll Eyes
813  Economy / Gambling discussion / Re: Gambling Education. on: September 27, 2023, 05:37:43 AM
Why should schools take over the responsibility of the parents or the guardians of that child? It is every parent or guardians responsibility to educate the child in the dangers of all the things that might cause him or her harm.

Gambling can be an entertaining exercise, if you do it responsibly and if you can keep to a budget. The parents should teach the child to gamble responsibly, if they decide to do that and how not to get addicted to gambling.  Wink
814  Bitcoin / Bitcoin Discussion / Re: Bitcoin is life on: September 27, 2023, 05:29:33 AM
The people say that you are taking a gamble, when you buy unregulated Crypto currencies... they are not saying that Bitcoin is gambling.  Grin  They are wrong in so many ways, because every investment that you make... have some kind of risk attached to it, so you will be taking a gamble on anything you invest in.

The same thing are applicable to anything you buy..... for example a Solar system. It might save you money on your electricity, but the batteries might fail or the panels might be hit by a storm and you will have to replace it.  Roll Eyes
815  Economy / Economics / Re: How do you deal with financial stress? on: September 26, 2023, 06:24:36 AM
You have to stay focused and find a solution for one problem at a time... and putting a roof over your head, must be your first priority. Then you shift your focus on putting something in your stomach to enable you to work.

The world can sometimes distract you from these primary goals... because people get side tracked by the things that does not matter. (Size of the house / what area they live / What car they drive... etc.)

Just start small... and work your way up to your dream house and the family that supports you.  Wink
816  Economy / Gambling discussion / Re: [WARNING] Crypto casino scam on teh move again. on: September 26, 2023, 06:15:29 AM
So, if you fall for a scam like this, you are not the victim ...you are a criminal that are scammed. If you buy a fake "Rolex" at a cheap price, then you are scamming the company that are making the original watch.... or if you buy a real "Rolex" from a shady street corner... then you are probably buying a stolen watch. (Someone might have lost their lives for that watch in a armed robbery)

Let's not beat around the bush.... if you doing that, then you should be scammed... no matter if you are thinking that you are stealing from a casino.  Tongue
817  Economy / Gambling / Re: Stake.com - The Leading Crypto Casino - Drake, UFC, Everton, Alfa Romeo F1 Team on: September 26, 2023, 06:06:47 AM
-snip-
Well, it's really bullshit you're like watching a streamer with fake money.

Just ordinary people who don't have any activity at all, who like streamer with fake money and only chasing giveaway. I rather watching someone who betting with 300$ rather than million dollars but it's fake.

People already know roshtein is fake, watch here: https://www.youtube.com/watch?v=7LvuCfBJX0Y he click preview/demo and once is play again on real the balance (preview & real) are the same.

I never knew these Streamers bet on "demo" mode... I always thought they were funded by casinos and that they are playing with real money, but not their own money.  Roll Eyes

This must have been a mistake or just some "testing" that he has done, because most streamers that I have watched ..has used the "real" money option.

In any way... "real" casino money or "demo" monopoly money are the same.... it's fake!
818  Bitcoin / Bitcoin Discussion / Re: Bitcoin Has Changed My Life 👨‍💻 on: September 26, 2023, 05:57:54 AM
Well, timing was on your side.... because you bought your bitcoins when there was a correction in the price. This is not always the case.... some people bought bitcoins at a high price and they had to hoard it for 3 years, before it reached that price again... or went to a higher price.

So, do not bargain on this being the norm, you should consider Bitcoin as a long-term investment and you should focus on long-term profits ...if you are buying it as an investment.  Wink
819  Bitcoin / Bitcoin Discussion / Re: Could the rise and popularity of cryptocurrencies be a vivid example? on: September 26, 2023, 05:52:55 AM
Yes, scarcity is one of the factors that determine price, but as we saw with other Crypto currencies and Alt coins.... that is not the recipe for it's success. People should trust it enough to buy it (demand) and they should also use it as a currency for it to be useful.

There are too many people buying bitcoins as an investment option and that are only good for the speculators and not for the future of the technology as a Currency.  Roll Eyes Tongue
820  Bitcoin / Bitcoin Discussion / Re: Could Satoshi have known? on: September 23, 2023, 07:43:15 AM
He developed this technology with a similar concept of how "Gold" are used. People can use "Gold" as a payment option and they have done this in the old days... or they can trade with it or they can use it as a commodity.

The thing with Gold id the weight ...and it became impossible to use it as a currency.. because nobody wants to walk around with heavy Gold to make payments. (They then linked promises on a piece of paper that are honored by a government that the paper were linked to Gold.... but that also did not work out)  Roll Eyes

Satoshi knew that Bitcoin would evolve ... and he designed it for that purpose.  Cool
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