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861  Other / Beginners & Help / Re: I am open to learning new things as a beginner on: November 01, 2023, 08:30:12 AM
Hi bitcointalk members, it is a pleasure to join this great forum of Bitcoin. I was introduced to this forum recently when I showed interest in Bitcoin. I was told I will get hand full of information about it here. I have been going through learnmeabitcoin.com which I came across online for some days now. Now I want to start interacting here as well as I am learning more about Bitcoin. I want your guidance as senior members in the forum here. Thanks.
You have been guided by other members of the forum that have commented on the thread.  But I want to add that you should spend more time reading information from the forum. Don't be in a haste to start posting because you have not learned much about bitcoin and the forum. Acknowledge that you are here to learn that is why you should be open to criticisms and corrections. Always reference information you got from other sources and avoid the use of ChapGpt to make posts. You can also observe how reputable members write posts, it might guide you on how to organize your thoughts. I hope you will have a great experience here, you are welcome.
862  Economy / Gambling discussion / Re: Africa Football Discussion || Current Topic: AFCON Qualifiers 2023 on: November 01, 2023, 07:26:29 AM
The Super Falcons of Nigeria took on their Ethiopian counterpart in 2024 Olympic Qualifier. This was the second leg of the qualifier match. And it ended with a scoreline of 4- 0 in favour of the Super Falcons. They move on to play Cameroon.
The first leg ended in a draw with the Super Falcons earning one away goal. The second leg was more entertaining with the host team dominating the entire game. The Ethiopian side defended well in the first half and conceded just one goal. They frustrated the efforts of the Super Falcons until one goal was scored. The second half was different with the Nigerian team pushing the attack more and the Ethiopian side couldn't hold the pressure anymore and the goal started coming. Asisat Oshoala was exceptionally good in this game scoring one goal and creating one assist.

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- Is the CAF's Olympic qualification draw actually flawed?
CAF has reasons for the way the draws were organized. But it will be good for the continent to send the best teams to the World Cup because it might lead to an increase of African slots if these teams perform well. Until I know the reason for this decision I can't certainly say that the draw is faulty.

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- Did they intentionally put the top three African teams (Nigeria, South Africa, and Cameroon) in the same group so that the other countries outside the group could stand a chance of winning easily?
Of course, they did it intentionally. Maybe they also want other smaller teams to have better chances of qualifying. It will be good for the development of female football in these lowly-rated countries.
863  Economy / Economics / Re: Biting more than i can chew. How can i do better? on: November 01, 2023, 05:02:52 AM
The main reason I'm sharing this topic is to get your own opinions and advice so that I can do better. I believe it's because of poor financial management that I've fallen to this level. I've been doing things that I now realize were not the right things to do because I don't have any financial stability.
Your story is similar to the general experience of many youths today. They are more concerned with pleasures than securing the future. But the best part of your story is that you have realized your mistake and are willing to change from your unprofitable ways. Saving and investing is the best decision to take now that you are young because it might be difficult when you start having dependants. Some people think that it is when they have a lump sum that they would invest but they don't understand that little can make one a millionaire in the future.

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Last week, I felt ashamed when people see how frustrated i am because I had bitten off more than I could chew. I'm open to opinions and helpful insights to start again, but this time in a more stable and responsible manner.
There is no shame in failing and raising. You need to put yourself together, control your expenses, and save more. Designer clothing, clubs, and other luxury will always be there to enjoy. But it is wrong to lavish money on them when you don't have any investment. If you have businesses or investment that brings good returns, spending on these things will not have adverse effects on your finances. So the slogan now should be invest and enjoy in the future.
864  Economy / Gambling discussion / Re: Health Benefits of Gambling on: November 01, 2023, 04:16:49 AM
It improves mood
It is a stress reliever
It helps us to take risk
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It Is a Medicine for Anxiety
It Is Good for Your Brain
It Helps You Fix Your Focus
It Helps Us to Enjoy Challenges
I also discovered these benefits from the website . Everything we do has advantages and disadvantages depending on how we apply it. If well applied gambling can help one to increase critical thinking skills and improve attention to detail. Gambling builds our level of focus which can be applied to other activities. But when gambling is wrongly done, it could increase stress, anxiety, and anger. I have seen people become depressed due to the wrongful application of gambling activities. In some extreme cases, gambling loss can lead to health issues and even suicide.
865  Bitcoin / Bitcoin Discussion / Re: Will Spot Bitcoin ETF also favor the SEC? on: November 01, 2023, 03:40:10 AM
You are not getting it from tranthidung perspective, the government sees it as a threat because with bitcoin people will have freedom to actually do things freely with their money, like cross border transactions without having to pass through the hassle of banks to change from currency to another which benefits the banks. With bitcoin many people can go into total anonymity of their funds without the preying eyes of the government.
Look at the example of the citizens of El Salvador you brought, they treat bitcoin as an investment rather than saving in fiats because of its characteristics but do the government also see this as nothing? No.
Your explanations are true but it has some exceptions. Bitcoin is a threat to the government only when it is used in its traditional state which is P2p. Immediately there is an intermediary Bitcoin ceases to promote freedom and anonymity and this is also the case of spot Bitcoin ETF.

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Also i agree that this SEC approval of bitcoin ETF will definitely have an advantage they want maybe something like keeping taps on those investing into bitcoin since it will be traded on traditional exchanges they don’t need to bother much about regulating the common exchanges we have in cryptocurrency. But I don’t see this centralizing bitcoin market one bit
What you just explained is a clear definition of centralization. Any process that falls short of people buying or investing in bitcoin directly without middlemen like BlackRock, Grayscale, 21Shares & Ark, Bitwise, Wisdomtree, etc is moving towards centralization.

SEC is a regulatory body. Approving a BTC ETF doesn't do anything to favor them. It'll favor Wall St types, corporations, traditional investors, and the like who can more easily get exposure to Bitcoin, but it doesn't do anything for the SEC as they are a regulatory body and not a market participant.
SEC is a part of the government that regulates the security and exchange arm of the country. Do you think BTC ETF will help them to identify Bitcoin investors which is against the anonymity that bitcoin promotes? Do you also think that regulators can easily control institutional investors?
866  Bitcoin / Bitcoin Discussion / Re: Will Spot Bitcoin ETF also favor the SEC? on: October 31, 2023, 09:54:17 AM
I do not know about the SEC than for them to do their work and regulate securities and exchanges. But the United States government will gain more because spot bitcoin ETF would be a way bitcoin can be easily be taxed and this is what you have answered yourself in your post. The SEC are working for the government and the government would be favoured.
Thank you for your response. The SEC is an agency of the government, so they act on behalf of the state. The SEC in the post represents the government.
867  Bitcoin / Bitcoin Discussion / Will Spot Bitcoin ETF also favor the SEC? on: October 31, 2023, 09:33:43 AM
The news about spot Bitcoin ETF approval has been making rounds in the news recently. And it has brought so much hope that next year will be a profitable one for Bitcoiners. I have a feeling that the SEC will approve it next year because approving the ETF will also favor the SEC in some ways. It will promote centralization of the Bitcoin system which will make the sector very easy to regulate. It will be easier for this regulatory body to control the space through various policies targeted at these institutional investors.

I suspect that the reason why the SEC is delaying the approval is because they have not made enough regulatory policies to control the sector but they have intensified actions to make these laws. The clampdown on mixer services is one of the strategies of the SEC to make the Bitcoin space more centralized. And who knows if the next target might be decentralized exchanges.

Institutional investment in bitcoin will lead to an increase in the price of the currency which is good news to investors. But do you think the SEC will also benefit from the approval of Spot Bitcoin ETF?
868  Economy / Gambling discussion / Re: Have you ever been a gambling addict? on: October 31, 2023, 07:38:01 AM
Is that true? I thought I had become a gambling addict because I spent all my savings. Yes, at that time I forgot myself and my emotions so I chased after losing in gambling. I thought I would be able to get my money back but the longer I gambled, the more money I lost.

At that time, I almost borrowed money from the bank so that I could continue gambling, but my close friend reminded me of the consequences if I lost money again because of gambling, my situation would be even worse. I didn't borrow from the bank and without money I stopped gambling for quite a long time.
You had a short gambling problem caused by chasing losses. You would have become addicted if you didn't stop gambling for a while. Chasing losses is one of the popular causes of gambling addiction. Spending your savings on gambling is absurd. Your savings should be used for investment or meeting needs and not for gambling.  I am glad you have a friend who advised you against getting loans to spend on gambling. Nobody is sure of the outcome of a stake so it is relatively a game of luck. Accessing loans to finance a business or take care of a need is okay but it should never be used for gambling. We have been told every time that we need to have a gambling plan and our allocation to gambling should be what we can afford to lose.
869  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: October 31, 2023, 07:00:34 AM
In the next five Chelsea matches, I really do not think that Chelsea will be able to win. I am not going to be surprised if I see Chelsea losing all the five matches. I am talking about the five matches that they are going to play next. All the matches are going to be played against really good teams. Chelsea might have a chance to win against Brighton. But other than that, I do not know how they will manage to win against Manchester United, Manchester City, Newcastle United, and Tottenham. I don't think Chelsea is winning any of those four matches. They might get one point from a few of those matches. But that's about it. I don't expect Chelsea to do something incredible at all.
Chelsea lost the opportunity to at least get to the half of the table when they lost against an average-playing Brentford. After splashing about £400million on players in the last transfer window, the club is still finding it difficult to score goals. I don't think they have a bad defense or midfield but their main issue is the attack. The team will always dominate the games but fail to create chances to score. Imagine them having close to 69% ball possession in the Brentford game and having just two goals on target. The injury of Christopher Nkunku has really affected the plans of Mauricio Pochettino and it became worse because Jackson and Sterling are not reliable attackers. Jackson's performance was awful and Sterling was just quiet in the match against Brentford.

Comparing both teams, Manchester United is better than Chelsea. The club didn't spend as much as the Blues and they also have some ownership problems that is distracting the club.  In the first half of the game against City, the Red Devils were exceptional but Haaland's second-half goal destabilized the club and made them play like a championship side. From then, United was at the mercy of the visitors. Erik ten Hag is a good coach judging from his past performance in Ajax but he has failed to do the same in English. Maybe he still needs more time to get used to the league.
870  Economy / Economics / Re: Isn't Fiat the Real Ponzi on: October 31, 2023, 05:51:54 AM
I've seen many blog posts describing bitcoin as a ponzi scheme, but looking at the current inflation of fiat it now looks like a Ponzi. Don't know who is the beneficiary in this kind of fiat Ponzi. The earlier generation had enough to buy with few amounts that can't buy anything reasonable today. I also saw Elon in a tweet saying or calling fiat a Ponzi scheme. People suffer to get fiat and lose it on high food prices and products. In a Ponzi, everyone end up losing money, same with fiat. A good number of people around me complain of not being able to purchase product with a fair sum of money they feel is big.
The blogs that call bitcoin a ponzi scheme simply don't know the difference between bitcoin and altcoins. It is common to see different altcoins been presented to the public as a scheme to that brings instant and high returns on investment.

A Ponzi scheme is an investment that is built to deceive investors. My country's fiat currency could be said to be a legalized Ponzi scheme because politicians will always make promises of how they will make the currency stronger and more valuable. One politician in my country promised to make our local currency to be equal to the USD. Many people believed him and kept their investments in the local currency. Today the currency has lost almost half of its value and the money is gradually becoming worthless.
871  Bitcoin / Legal / Re: Mining In Iran on: October 31, 2023, 05:25:18 AM
At the same time, Iran is afraid of completely legalizing crypto activities for fear that this will be used to finance separatist groups on its borders, such as the Kurds. Therefore, Iran does not want to completely ban mining in order to benefit from its resources used later for bypassing western sanctions, and at the same time it does not want crypto to be used in activities hostile to it.
I identified an important situation from your explanation. Could it be that one of the reasons why Iran is making policies to regulate the activities of miners is to limit the use of Bitcoin by the Kurdish rebels? Stopping or limiting these transnational separatist groups from receiving funds from cryptocurrency will be very difficult because of the decentralized nature of the currency. These Kurdish rebels operate in different countries which include Syria, Turkey, and Iraq and it is suspected that they receive large funding from some regional powers.
872  Economy / Gambling discussion / Re: Tyson Fury vs Francis Ngannou Boxing October 28 on: October 30, 2023, 03:23:01 AM
It was really a surprise that Francis Ngannou is able to take Tyson Fury's heavy punches and is able to fight Tyson Fury toe to toe.  I have Ngannou winning on that fight and the best result for Fury is a draw.  This simply show how corrupt the boxing judging system is.  The result is very disappointing but of course boxers and audience have to accept it.

A rematch is really needed on this one and probably next time Ngannou will be declared the winner(if the fight comes into a decision). to make the need for another fight to milk more money to the viewers.
Except it there was a knockout it would be very difficult for the judges to give the fight to Francis Ngannou. It would have been a great distortion of recent boxing history for an unknown boxer to beat a heavyweight champion. I knew they would seek means to at least give Tyson Fury a draw. But making him the winner made the broad day robbery clearer and the entire boxing world is in great shock. Even Fury knew he didn't deserve the win because he was not bragging about the victory and he shawored praises on his opponent.

But I am motivated by the comments of the Cameroonian-French boxer. He said he was happy and going to come back better. This is the mentality of a future champion, putting the past behind and looking forward to a better future. Almost everyone is asking for a rematch and Ngannou said he is going back to work harder and that he would be ready for the fight at anything time.
873  Economy / Gambling discussion / Re: What according to you should be the age to retire from gambling ? on: October 30, 2023, 02:55:13 AM
Many believe that gambling is for young people online as they need thrill and and fun. But I think that even old people can enjoy gambling. There should be any age to retire from gambling at all. One can do this activity and leisure time and thus it does not affect retirement related activities also.
Gambling is a hobby and not a profession, therefore I don't think that there is a need to retire except if one finds it not exciting anymore or is unable to gamble due to certain conditions like sickness or old age. Retiring from your job will lead to a lot of loneliness and gambling could be an activity to keep one busy and active. Retirement activities could just include reading, visiting family and friends, and other leisure activities, which means there will be enough time to gamble. I know many old gamblers in my area and I don't think they are thinking of retiring but many of them prefer in-house gambling where they can sit down, chat with friends, and enjoy some music and drinks.
874  Other / Beginners & Help / Re: Bitcoin is magic internet money on: October 30, 2023, 02:43:15 AM
When I saw the word magical, I thought it op wants to relate Bitcoin to some kind of mystical practice that is backed by some spiritual power that we see in moves. But I assume that @BlockchainWizard called Bitcoin a magical internet money because it couldn't be touched but it could be transferred and used as a means of exchange. This is not magical anymore because even fiat can be transferred through the same means even through the blockchain in the form of CBDC.

There is another interesting thing about Bitcoin being magic internet money, collecting bitcoin is to ensure that you have power and freedom in transactions. Bitcoin is People's money, if one day we face a dictator who freezes all access to the fiat we have, then we will still have Bitcoin for transactions. we can buy using bitcoin. Dictator rulers can close all access to Fiat, but cannot prevent them from transacting with bitcoin.
This is what makes it more magical, it is invincible  Grin. It would be better to use words like innovative or exceptional than magical. Bitcoin is an extraordinary money that can serve as a solution to the many pitfalls of the traditional banking system.
875  Economy / Economics / Re: choose an option on: October 30, 2023, 01:42:24 AM
which would you prefer to receive?
a. $480,000 lottery win as payments spread over 96months(8 years) of $5k a month
b. $480,000 lottery win as payment lumpsum $480k
c. $480,000 of bitcoin at(~$24k/btc buy price recent months allocated to the donator) 20btc
d. $480,000 value house
e. $480,000 value business
f. $480,000 of gold at(~$1.8k/ounce buy price recent months allocated to the donator) 266ounce

pick one and explain your rationale..
if you pick bitcoin as first choice. also pick another and explain rationale of second choice
(im mainly looking to see people opinions/rationale on choices that are made about not option C and compared to C)
Option A will be my best choice. With $5,000 every month I could buy bitcoin using the dollar cost average. Option C is not my best choice because buying Bitcoin using lump sum at $24,000 is riskier than option A because the price of bitcoin cannot be predicted. Option A also gives more room for a better investment plan and reduces the risk of wasting money on luxury, losing all your funds to hacks or other uncertainties.
876  Bitcoin / Bitcoin Discussion / Re: Bitcoin is health and health is Bitcoin. on: October 30, 2023, 01:27:59 AM
Maintaining mental health is essential for a happy and fulfilling life taking care of health is essential for every human being. If the health is not good then the person will not be able to do any work and will create obstacles in investing. That's why you have to think about the safety of health and invest in bitcoin. If the health is good then the investment will be successful and family life will not be affected. Individuals who meet their daily needs will venture to invest in bitcoin there will be less risk and good profit from bitcoin investment.
Our most important investment should be in our health. Sometimes we spend so much time and resources on pursuing money and little time on our wellbeing. But we fail to understand that if we lose our health we have lost everything. There is a need to eat the right food, take the necessary rest, engage in constant exercise, and do regular medical checkups. Many successful business people have invested so much time in building great organizations but they didn't live to enjoy the fruit of their labor because they failed to take proper care of their health.

We are aware that bitcoin is a long-term investment which is why we need to take proper care of our health to enable us to live long to enjoy our profits. The Bitcoin space is also very dynamic so there is a need to always learn and relearn that is why we have to do everything possible to be in a good mental state at all times.
877  Bitcoin / Legal / Re: Mining In Iran on: October 29, 2023, 06:27:44 AM
That's an awful arrangement, is Iran not making a lot of money that they're trying their best at not just taxing bitcoin mining that they want a part of the mining themselves? If the government has the say in the part of the miners, that's bound to be full of corruption because the miners don't got a say of how they will get their part, that's like fishing on a lake and the park rangers will take your haul and they will decide what you get, is my comparison sort of correct regarding the mining regulation in Iran?
The articles the OP quoted are close to three years old and there were no links to any legal document. We might not know how valid the information is and also the current situation. But most website seems to agree that Iran is using Bitcoin to invade sanctions from the US and other countries.

Encouraging miners to sell their coins to the government is not a bad idea if they are not forced to do that and the price is competitive. Miners that want to hold coins should be given the freedom to keep them and the price the state is willing to buy should also be the same as in the international market. Failure to treat these miners fairly will make Iran unfriendly and force miners to move to other nations.
878  Economy / Gambling discussion / Re: Anti-Gambling Tools on: October 29, 2023, 04:26:02 AM
Would really appreciate any advice or recommendations from those who've been through something similar.
Many platforms only care about making money so they don't care about helping gamblers in controlling unhealthy habits. Expecting them to help you to solve your gambling issues is fruitless.

I'm curious if any of you have faced a similar situation and if there are tools or methods you've found effective in controlling crypto gambling. It feels like most platforms lack daily limits or deposit controls, making it a bit challenging to stay on track.

Would really appreciate any advice or recommendations from those who've been through something similar.
I have not suffered from gambling disorder but what has helped me to control my gambling activity is my budget. I have a plan that includes how much I will spend as well as how long I will put into gambling for a specific period. And I ensure that I do everything possible to follow the plan. You need a lot of self-discipline to strictly enforce the plan so the first character you should develop is self-control.
879  Economy / Gambling discussion / Re: Greed or risk on: October 29, 2023, 04:09:07 AM
I saw this image below on one of my friend's WhatsApp statuses earlier today. I don't know if the game was played by him or if it was an image saved from somewhere, but the image got me thinking, and we got into a debate because of that.
 
I was telling someone that if I'm the one to have such a slip and the game is already showing me to cash out such an amount of money, which is equal to $865 based on our local exchange rate, seeing such an amount as cash out available and leaving it will make me appear like someone who is too greedy, but the guy was telling me it's not being greedy but it's all about taking risks. The debate didn't end well, so I decided to bring this up here to see the responses from experienced gamblers.
 
Lucky for anyone who ever has that bet slip, it seems like the game played in his favour.
You cannot judge anyone's actions in gambling. Everyone has their views, budgets, and targets for bets. What you perceive as greed might be seen as a risk by another person. The people who cannot afford to lose such an amount will see it as greed, while many who can afford to lose it will see it as risk-taking. I know if he loses the game it will bring much regret but on the other hand, a win makes him a celebrated gambler. I don't think I will fail to cash out immediately if it gets to this sum because it is already a big win for me.
880  Economy / Economics / Re: Almost All Countries Affected by Inflation, Opportunity for Bitcoin! on: October 29, 2023, 03:46:11 AM
There are so many economic factors that contribute to the inflation rate of a country and the solutions are also multidimensional. Bitcoin can help individuals overcome the effects of inflation but for now, there is no evidence that it has led to the reduction of inflation in any country. It is possible that it can be one of the economic solutions to a country's inflation problems. I don't think that there is a strong correlation between gold reserves and inflation because there are some countries that didn't make the list of countries with the highest good reserves yet they have a relatively low inflation rate.
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