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821  Bitcoin / Bitcoin Discussion / Re: Larry Fink of the day, Larry Fink of today on: July 06, 2023, 06:04:49 AM
I guess that this is yet another "rich and famous person shares his opinion about Bitcoin" type of forum posts. Grin
The question is "And so what?". Will it make a difference when people like Larry Fink are bullish and optimistic about Bitcoin? I don't think so.
Some members of the rich elite are pro-Bitcoin, while others are anti-Bitcoin. This will never change and Bitcoin would never receive total recognition. Bitcoin will become a truly dominating financial asset(and a currency) when the "average Joe" starts using BTC everyday, not when people like Larry Fink, Warren Buffet or Bill Gates share positive opinions about BTC.
822  Economy / Gambling discussion / Re: The fight between Mark Zuckerberg and Elon Musk. Who you betting on? on: July 05, 2023, 10:49:35 AM
I would bet my money on Elon Musk. He has more weight and he looks like he's going to the gym. Grin Zuckerberg is skinny.
I know that Zuck is younger, but this isn't necessarily an advantage. Mark Zuckerberg looks like the least threatening guy on the planet.
He wouldn't hurt a bug. Musk looks more intimidating and he also has that "GigaChad" charisma(in a nerdy way).  Grin
I still doubt that the fight will actually happen, but who knows. Maybe this will be more like a circus or theatrical play(something in the style of WWE), rather than a real fight.
823  Economy / Economics / Re: Fast Transportation Makes Economic Turnover Faster on: July 05, 2023, 10:04:49 AM
Quote
The article above shows a video about a pizza delivery that was carried out by Dominos using a jet pack. that's why I was inspired to make this topic

do you all agree that with the emergence of fast transportation now, the economic turnover is also getting faster, this is based on the fact that any delivery will be distributed quickly, automatically it will make the price of living necessities and kind remains stable as long as it can be distributed quickly!

Transportation must be fast, but it must be safe as well. Aren't jet suits still dangerous? Grin I think that using a jet suit for transportation purposes should be strictly regulated by the authorities.
Speed and efficiency are pretty much one thing. The production speed is very important when measuring the labor productivity.
The same thing applies to transport. The faster the better. Nobody would use a slow transport system(like the railroads), when there are faster alternatives(the highways).
824  Economy / Gambling discussion / Re: Why do 90% of Bettors Lose in Sports Betting in the Long-term? on: July 05, 2023, 05:34:44 AM
OP, your post seems like an advertisement of this "Be the Hunter" ebook. I don't want to visit this website, because I don't trust you enough.
Are you the author of this ebook? If you are not the author are you somewhat affiliated to the author of this ebook?
Trying to win in the long term by Bonus Hunting and Arbitrage Betting doesn't seem sustainable to me. Sooner or later, the gambler will run out of Sportsbook bonuses and he will have to use VPN/residential proxy(which increases the risk of getting banned).
Also the bookies will find out about arbitrage betting and lower their odds.
Asking "why 90% of bettors lose in the long run" is the same as asking "why 90% of traders lose money in the long run" or "why 90% of the gamblers lose money in the long run". Grin It's extremely difficult to maintain long term profits in both gambling and trading.
825  Bitcoin / Bitcoin Discussion / Re: The Bitcoin system on: July 05, 2023, 04:50:28 AM
OP, why don't you make an infographic of your Bitcoin mind map. AFAIK, there are some pretty good software-as-a-service platforms, which can be used to create an infographic. Just find one on Google.
Anyway, you didn't mention anything about offchain/sidechain solutions like the Lightning Network. They are also a part of the Bitcoin ecosystem(even though they are kinda outside the BTC blockchain). I know that LN isn't very popular, but we have to bear in mind that such offchain solutions exist.
Also don't just put the term "exchanges" in your mind map. Why don't you differentiate centralized exchanges from decentralized exchanges(DEX)?
I think that the centralized exchanges are more like a Threat to the Bitcoin Network. Grin
826  Economy / Gambling discussion / Re: Gambling scenario that keeps repeating on you on: July 04, 2023, 01:35:12 PM
I have this kind of gambling scenario that I’m always experiencing when I’m gambling. Whenever I use bankroll that is close to 00 like 80, 180, 290, 360 and so on always result to a lose in the end. It’s very hard for me to surpass the nearest 00’ milestone no matter how hard I try on betting slow or quick. I knew the problem is I’m rushing to achieve that goal to have a closure that makes me struggle on the game instead of focusing on being happy to play the game.

FYI, I’m always winning easily above 00 target that I’m struggling to get from the above scenario when I start my bankroll far lower from 00 balance like 30, 40,130, 330 and so on. I hope that you get I mean on my balance description.



Do you have this kind of same scenario that puts you on an infinite loop when you are gambling as in you don’t move forward at all?

Gambling becomes a pain in the ass, when you set specific goals to win X amount of money or to achieve an X,XXX amount of bankroll.
Setting such goals makes everything more difficult, because you are losing your patience and sometimes you increase the risk in order to reach that goal. This is a bad move, most of the time. I would never try to reach a specific bankroll. I just gamble when I want to have some fun in my spare time.
By the way, the casino you are using might have some rigged games. If this pattern(losing, when your bankroll is close to 00) repeats multiple times, this becomes a little bit suspicious. Why not try another casino and see if this pattern repeats there?
827  Bitcoin / Bitcoin Discussion / Re: Seniors vs Kids — in the future of Bitcoin on: July 04, 2023, 01:07:19 PM
Quote
I saw a news saying that in "2022 Crypto scams against seniors surged 78%", you might agree that one of the reason why these happened is the lack of knowledge in cryptocurrency. But a lot of seniors contributes to the success of Bitcoin.

Do you agree that kids is the future of Bitcoin than with seniors?
And which of them will contribute the most?

Seniors are usually more vulnerable, when it comes to scams. It's not just crypto scams, seniors are the main victims of all types of scams(including fiat scams).
What do you mean by "kids"? Actual kids(aged between 5 and 18) or young people(teenagers and young adults)?
I don't think that the current kids are the future of Bitcoin. A kid cannot be financially responsible and could easily get scammed.
Grown up kids (young people) are the future of Bitcoin. The target demographic, which can be proclaimed as "the future of Bitcoin/crypto" is usually men aged between 20 and 35. Unfortunately, crypto is still a male dominated area.
828  Economy / Economics / Re: Is this a Strategy? Is it a good Strategy? on: July 03, 2023, 10:05:42 AM
Public beef or fights involving billionaires, celebrities, or even top companies often puts them into the spotlight, attracting attention and generating increased traffic, hence, more income. My question arises as to whether you think some or most of these conflicts are genuine or intentionally crafted/orchestrated by the parties involved to maintain their prominence and financial gains.
Also, could this be considered as a strategic element of their business or career strategy? And If so, is this a good strategy?

At the end of the day, there's no such thing as bad marketing.
Marketing is marketing, if you are getting people's attention you are doing something right, I guess.
If you are referring to the Musk vs. Zuckerberg fight, this "beef" has nothing to do with a marketing strategy or building their personal brands.
Both Musk and Zuckerberg are extremely rich and famous. Maybe this is just them being narcissistic. Nobody knows how a multibillionaire thinks. I'm also wondering what's the point of this fight. Maybe they are trying to get the attention of the crowd while something important is done behind the scenes. I don't want to get into conspiracy theories here.
829  Bitcoin / Bitcoin Discussion / Re: Crypto ATM firm 'Bitcoin Depot' will go public on Nasdaq starting July 3 on: July 03, 2023, 06:03:08 AM
The concept of Bitcoin ATMs is great, but only as long as you can use them without KYC requirements. In such case, customers who care about privacy could accept relatively high fees. Otherwise I see no real purpose in using ATM, if you could just use an online exchange instead, as the ATMs would always have higher fees i.e. due to the costs of maintenance and electricity.

I don't know about any Bitcoin ATMs, that currently require KYC verification in order to be used by the people. Grin
I was never really a fan of Bitcoin ATMs, because I never felt the  need to use one(and there aren't any Bitcoin ATMs in the city where I live).
Bitcoin/crypto is more convenient 100% online and without having to visit a certain place outside of your house.
Congratulations to this company for going public and I really hope that the fees for using a Bitcoin ATM will drop severely in the future.
830  Economy / Gambling discussion / Re: Does lottery rewards expire? on: July 03, 2023, 05:35:03 AM
Yes, you read that accurately.

If I buy several lottery tickets and then leave my account dormant for a long time, say at least 6 months, and my ticket wins the jackpot during that time.
Will anything happen to my prize money? Will the casino refund my money because I never claimed any of the rewards?

It's just a thought I've had for a while and decided to ask here in the community.


Read the Terms of Service of the lottery, in which you are participating. Everything should be stated there.
I don't know about any active lottery players, who would just forget about their tickets and leave their accounts. Grin
I don't think that the lottery would refund your tickets if you forgot to claim the jackpot. Probably the lottery platform won't pay you the jackpot, if you don't have a withdrawal method in your account. I'm no expert in online lotteries. We need someone, who is actively playing online lotteries to explain everything in detail.
831  Economy / Economics / Re: Why is bitcoin pumping when the economy is heading into a recession? on: July 02, 2023, 10:45:20 AM
Forgive my ignorance, I am very new to this space. I saw talks about CBDCs and that drew my attention back to cryptocurrencies. I thought the last bull run would be the last we would have seen of bitcoin ever reaching those heights so I stopped looking at the crypto space ever since. But now we have discussions about dethroning the dollar and CBDCs, I am changing my mind about that, but I still find it fascinating that bitcoin is pumping in this economy right now. I am no means an expert in economics as you can clearly tell, would appreciate if anyone who had the knowledge could shed some light here. Always keen to learn. Thanks

Who said that the Bitcoin price is pumping? The current price is moving in the 25K-30K range. This isn't a price pump or a bull run. It's a pretty much normal price volatility. There were some bullish news about the Binance/Coinbase vs. SEC lawsuit, which helped the price to go from 25K to 30K. I don't expect a major price pump to 40-50K USD anytime soon. Maybe it will happen by the end of 2024 or the first quarter of 2025.
The crypto world is still relatively small compared to the global economy and the financial markets. It's theoretically possible for the Bitcoin price to grow in times of recession.
And by the way, the expectations of a massive global recession might be exaggerated.
832  Economy / Gambling discussion / Re: A qualified strategy exist in gambling?If yes, come and talk. on: July 02, 2023, 06:48:41 AM
If an actual winning gambling strategy existed all casinos would simply go bankrupt(or the guy, who invented this winning strategy would keep it a secret). Why sharing a working method and make it patched/saturated?
Anyway, I'm sure that such method doesn't exist, or the casinos are spreading this rumor in order to hook more naive people into gambling. Grin
Why did you offered 300K USD to kick.com for streaming? Are you a big gambling influencer or something?
Why do you have to use Eddie from stake.com as an example? He is the living proof, that the only way to profit from gambling is to own a gambling website, not gambling itself. Grin
833  Bitcoin / Bitcoin Discussion / Re: KYC propagation beyond my ownership on: July 02, 2023, 06:07:50 AM
Hi all,

Sorry for the confusing title. I'll try to explain:

What if I buy some KYC Bitcoin through an exchange and then move it to a wallet. And then, let's say I either give some of that Bitcoin to someone else (maybe a charity or a friend), or use it to buy something (maybe a used car off Craigslist). At this point, from my perspective, I no longer own that Bitcoin (i.e. it is "beyond my ownership"). But now what if the person who now "owns" that Bitcoin uses it for some illegal purpose? I would have no knowledge of that transaction, but my KYC has "propagated" to the new owner. If that transaction were to be traced, assuming it hadn't been linked with KYC transactions with the new owner's identity, I would still be the last owner of the transaction from a chain analysis perspective, right? This is not something I've heard discussed before (but admittedly I'm new hear). Seems like a risk.

Thoughts?

Thanks.

You cannot be held responsible for the crimes committed by someone else!
What if you send fiat money to someone and he buys something illegal with the fiat money you gave him? Do you think that the authorities are dumb enough to arrest and sue you instead of the other guy?
You are the not the last owner from a chain analysis perspective. The guy you have sent the BTC is the last owner. It doesn't matter if he isn't KYC verified. KYC verification is done mostly to fight money laundering and tax evasion(even though it's not that effective). KYC cannot stop you from buying something illegal with your BTC(you could use a mixer).
834  Economy / Economics / Re: Am I a bad person if I manage to avoid taxes? (Hypothetical question) on: June 30, 2023, 10:36:15 AM
Quote
So, my legitimate question is, after all the robbery, a person, who doesn't pay taxes, is a bad person for the society or not? More likely I want to get answer from those whose countries have a model similar of European healthcare and employment insurance.

The people, who pay taxes usually receive all sorts of public goods and services-healthcare, education, security, nice and clean streets and roads. The people, who refuse to pay taxes shouldn't use all those goods and services, otherwise they look like thieves, who are using something, which was paid by someone else. Does that make them bad? I don't know. Maybe yes, maybe no. There are way bigger criminals that the "average Joe", who decided not to pay taxes over his side income. Grin Not paying taxes doesn't hurt anyone else in the society(at least not in a direct way).
835  Bitcoin / Bitcoin Discussion / Re: Gospel Preachers: Is Bitcoin the Last Currency in the World? on: June 30, 2023, 05:51:14 AM
1.The Revelation of John doesn't mention anything about ONE CURRENCY. It mentions a thing about the mark of the beast(or the ant-Christ).
2.I'm not religious and I don't believe in the Revelation of John. It's a pretty interesting book to read, but do you really think that the Apocalypse will happen in the same way that is described by the Revelation of John? Four horsemen of the Apocalypse? Armies of crickets?
Weird beasts with seven heads wearing seven crowns? Maybe all of this is a metaphor, but I just don't believe that it will happen.
And NO, Bitcoin has nothing to do with this prophecy.
Maybe "the mark of the beast" will be some sort of CBDC in a wallet that is implanted under the skin as a microchip. Grin
836  Economy / Gambling / Re: Loophole in stopping Money Laundering through Wagering on: June 29, 2023, 10:30:49 AM
As we know that most gambling sites will require you to gamble and wager your whole balance once, before you can cash out or withdraw from the gambling site and they take this measure so people do not do money laundering whereby deposit and withdraw without gambling.

Now the point here is that on the gambling site, there are many easy winning bets with odds like 1.01x etc. If the money lauder is sensible he can easily be wagering the whole amount by placing a few bets where the odds are very low and the winning chances are 99%.

So does this mean that there is a loophole here and the money launderers can easily by pass this wagering requirement?

The wagering requirement has little to do with money laundering and something to do with the casino bonus programs. Grin
The KYC procedures were imposed, in order to fight money laundering. Perhaps the wagering requirement helps for preventing many money launderers to stay away from online casinos, but it's main purpose is to prevent abuse of the bonus programs.
I don't think that the best way to launder money via the gambling industry is to deposit them at an online casino/sportsbook and bet on low odds like 1.01. The best way is to create your own casino/sportsbook and use the dirty money as a bankroll. Grin
837  Economy / Gambling / Re: Impossible KYC Requirements - Stake.com - Withholding $6000 USD on: June 29, 2023, 06:35:03 AM
We all know those horror stories about crypto casinos going back and forth and finding ridiculous excuses to block withdrawals and accounts.
Unfortunately this is the ugly side of the gambling industry and we the players have to find a way around.
Leaving big amounts of crypto in a gambling account is a big mistake, if you ask me.
My question is how the hell did you accumulate 6000 USD in your account? Was it via one big win, or you just kept wining multiple times without withdrawing? I'm pretty sure that Stake wouldn't create any problems with a 60USD withdrawal. Why didn't you withdraw your winnings at smaller amounts instead of accumulating a big amount in your account?
838  Bitcoin / Bitcoin Discussion / Re: Would you dare to pawn your bitcoin? on: June 29, 2023, 05:43:42 AM
Quote
Now let's move on to the question posed in the topic title.
- Would you approve of the possibility of leaving crypto as a deposit in a pawnshop?
- Has such a service not yet appeared in your country of residence?
- How do you feel about the emergence of such new trends in the service sector?

I think that this service in a pawnshop will not be possible without the KYC procedure, which few will like.

I don't mind the pawnshops accepting crypto as a collateral, but what happens if the crypto prices drop severely?
Will the pawnshop sell the crypto and liquidate the loan when the borrower doesn't want this to happen? I think that the answer is yes.
Who can guarantee that the pawnshop owners won't find a way to scam their customers?
Also the KYC procedure would make this service undesirable for most borrowers.
The most important question is, why would anyone want to get a loan from a pawnshop when he(or she) has enough crypto?
Why not just sell the crypto for fiat?
839  Economy / Economics / Re: What could Elon Musk be buying next? on: June 28, 2023, 11:35:41 AM
1.Elon Musk has a Twitter account. Why don't you ask him? He's pretty active on social media, you might get an answer from him. Grin
2.AFAIK, Elon Musk doesn't have Bitcoins. Tesla had Bitcoins, but the company sold them(or a part of them). Elon probably has dogecoins, maybe that's why he was constantly shilling dogecoin in the last 2 years.
3.So you are saying that Twitter is "a world's top asset"? Are you kidding me? Buying Twitter was a mistake, but Elon Musk is rich enough to afford such mistakes.
It baffles me how many people around the world still think that Elon Musk is some kind of self-made genius. In reality, he's a product of the US government and the Federal Reserve.
840  Economy / Gambling discussion / Re: ⚽ Football Transfers Speculation, Odds and Predictions on: June 28, 2023, 08:08:07 AM
I read some news about Manchester United willing to sell 13 players in order to fund the purchases of new ones.
Harry Maguire, Jadon Sancho, Fred and Anthony Martial to name a few. Erik Ten Hag wants to buy Inter goalkeeper Andre Onana. I guess that Davis De Gea would also leave United. Moises Caicedo from Brighton might sign with United soon. Adrien Rabiot from Juventus is currently negotiating. It's pretty cleat at this point that Harry Kane and Mason Mount won't sign with United.
I guess that Man United with start the next season with a brand new team.

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