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981  Bitcoin / Bitcoin Discussion / Re: Cryptocurrency enlightenment and development. on: September 28, 2023, 09:45:45 AM
When you discover something, it means it's already there, and you find out about it yourself/for your people. Satoshi created the first crypto blockchain rather than discovered it, I think.
I agree with the op that it's still a pretty early adoption stage and that the achievements are already amazing, though. But as for development of various crypto projects, I think that if it's additional infrastructure for Bitcoin and perhaps other cryptos (exchanges, wallets, things like that), then yeah, it can develop further. But if it's development in a sense of the diversity of altcoins and their missions, I think we've already seen that the hype didn't match the reality of things, and while occasionally some useful-ish things appear, most turns out to be rubbish.
982  Bitcoin / Bitcoin Discussion / Re: Bitcoin recognized as digital currency in Shanghai on: September 28, 2023, 09:23:39 AM
I didn't consider Hong Kong that big of a deal because it's a very peculiar part of China where things are done differently and which even has a different legal status from most of China. But Shanghai's a very different story, as it's one of the biggest Chinese cities. The court suggest viewing Bitcoin as personal property, not a currency, but it's still significant. Is this decision likely to be overruled? Or is it likely that this court's actually expressing the view of the government, considering how centralized power is in that country?
983  Economy / Games and rounds / Re: Sportsbet.io ⚽ Champions League ⚽ Newcastle v PSG ⚽ (Free Bets + Apparel) on: September 28, 2023, 09:05:02 AM
a. Draw
b. 1-1
c. Newcastle
d. Newcastle
e. Yes 
f. Newcastle
g. Newcastle
h. 23'
984  Bitcoin / Bitcoin Discussion / Re: Cashing Out Thousands of Bitcoin on: September 28, 2023, 08:38:16 AM
Why would anyone want to cash out that much money? What kind of purpose can that be used for?
I can't really imagine a situation like that, but I think that such a huge amount of money calls for an OTC deal. Just after googling a bit, I can see that some major companies, including Coinbase, have OTC desks for big cashouts, so I would probably contact one of those, learn how these things work and do it like that. This way I wouldn't negatively impact the market, I wouldn't have to wait forever for my deal to be done, and I'd establish useful professional connections, I guess.
Needless to say, I'm sure I'd have to pay a sell tax on that money, which I should, considering how much I own in that hypothetical situation.
985  Bitcoin / Bitcoin Discussion / Re: What Inspired Me To Invest In Bitcoin. on: September 28, 2023, 08:19:45 AM
Bitcoin transactions are usually slower than bank transactions (not actually because the banks merely block the money on the account, but in practical use) and more expensive, unless it's a very big transaction and/or an international transaction.
The most appealing thing to me is probably #2 of the original post: Bitcoin being independent of authorities and different from the traditional financial system. It's just empowering to have something like that, I guess.
986  Economy / Economics / Re: Diversification in Global reserves. on: September 27, 2023, 04:37:39 PM
The US inflation has been pretty stable at a fairly low rate, something policymakers consider acceptable. And the global reserves decline isn't really showing any kind of trend, as the USD is still at the top without any close contenders, and it's been fluctuating somewhat over the years while keeping this generally strong dominance.
I think using some BTC as a reserve can be a good thing, but it's also a matter of whether other countries will be willing to trade in it internationally (and with the negative IMF's position it's unlikely) it can kind of become dead weight. Foreign reserves need to be currencies that other countries are very willing to use for international trade, loans, and other similar things. I don't think Bitcoin has reached that level of acceptance yet.
987  Other / Off-topic / Re: Google is 25 Today - What has been Your Experience ! on: September 27, 2023, 04:19:16 PM
Google has certainly been helpful to me as a search engine, even though I know that there are valid points against it and even things that I find annoying. But I guess it's a force of habit to use it, and it's neatly integrated into Chrome, which is my go-to browser. I've been using Google for around 15 years, I guess, and I'm occasionally thinking of moving to something else like DuckDuckGo, but I also feel like since most people use Google, it's the best trained one and also I sort of want to see what most people would see.
What I would really like as an improvement is to get results in the language in which I'm writing. It's truly annoying to me, as a Ukrainian, that when I google things in Ukrainian, the top results are very often in Russian, from Russian websites. I'm fluent in Russian as well, but that's not the language I've used to google things, so that means I expect to get information that's local and in my own language, but Google just keeps pushing content in Russian.
Sometimes I even google in English but get results in Russian, even though Russian isn't even selected in my settings as a language in which results should be shown.
988  Economy / Economics / Re: Is academic pursues enough to get incomes? on: September 27, 2023, 03:47:00 PM
I imagine the importance of getting a degree varies from country to country. In my country, I'd say it's important to go at least through a Bachelor's program because many intellectual (non-manual) jobs will require higher education, although it often won't matter where you studied or even what you studied, unless it's a job that's very narrow and specific to a certain degree. Getting more degrees doesn't help, but sometimes getting further in one degree (doing Master's, sometimes even PhD) can be required for more senior positions.
Ultimately, I think people should study what's of interest to them and how much it's of interest to them, and then try to find jobs that are at least remotely engaging with whatever the person studied.
989  Bitcoin / Bitcoin Discussion / Re: How Bitcoin Can play its role to overcome the Financial Crises on: September 27, 2023, 03:28:30 PM
Since the creation of Bitcoin, there hasn't technically been a global economic crisis, so it's still unknown how it would perform. It did bounce back pretty fast after the pandemic announcement and the initial major drop, and it's sometimes actively used in countries suffering from particularly high inflation, but that's not enough. The main points about the features of Bitcoin and how they can be useful are true, but how people actually behave in an economic crisis can be very different, as people aren't actually always rational beings who assess all the pros and cons before making decisions that best serve their interests.
990  Bitcoin / Bitcoin Discussion / Re: Some information on Bitcoin on: September 27, 2023, 03:02:24 PM
Bitcoin information from around the world


Among the many countries that support Bitcoin are: the United States, Canada, Australia, and many European countries.Finland, Iceland, Spain, United Kingdom, Mexico, Germany, Japan, Denmark And some of the countries that don't support Bitcoin are: Bangladesh, Egypt, Algeria, Morocco. At the age of 2023, this number of people who have not yet supported Bitcoin has been given to Bitcoin.



Every country in the world should support Bitcoin because it is the best currency in the world. To those countries who have not supported Bitcoin, I would like to say to them, if you support Bitcoin soon, your country's economy will go a long way.

Even though the post is short, there are plenty of dubious statements and ways of phrasing things here. The USA isn't against Bitcoin, but the SEC refuses to regulate it, the Congress is considering mining restrictions due to environmental concerns, and Bitcoin is taxed heavily. Then you say European countries, but include Mexico and Japan in the list. Oh, and the UK, while generally supportive of Bitcoin, also has some restrictions, such as shutting down Bitcoin ATMs.
Bitcoin is a good currency, but whether it's the best is a matter of opinion and what we put into the word "best".
991  Economy / Games and rounds / Re: Sportsbet.io 🥊 Canelo vs Charlo 🥊 (Saturday, September 30) on: September 26, 2023, 04:47:29 PM
1. Canelo
2. Round 12
3. 2
992  Economy / Games and rounds / Re: Sportsbet.io ⚽ Newcastle + Southampton + São Paulo ⚽ (Saturday, September 30) on: September 26, 2023, 04:32:37 PM
Game 1:  27, 18'
Game 2:  27, 23'
Game 3:  27, 31'
993  Bitcoin / Bitcoin Discussion / Re: Bitcoin is life on: September 26, 2023, 04:19:29 PM
Op's poll is presenting us with a false dilemma, and of course not many people on this forum would choose to say that Bitcoin is bad. Bitcoin doesn't have to be bad or the best, as there's a lot of space in the middle. It's a nice currency, it's a very empowering one, but there are also issues with using it, such as the scalability and occasionally skyrocketing fees, or simply the fact that there aren't many places where one can pay directly in Bitcoin.
Also, while you can lose a lot with gambling, you can also lose a lot with Bitcoin as a result of a scam, panic selling at the wrong moment, losing access to your wallet, etc.
994  Bitcoin / Bitcoin Discussion / Re: What is the feature of Bitcoin? on: September 26, 2023, 03:49:14 PM
What do you think about what is the feature of Bitcoin, can Bitcoin touch $50,000 in 2025? I think that Bitcoin will go to $50,000 but not in 2025, maybe in 2026.
Bitcoin can easily reach $50k in 2024, and of course you might be right, and it might be 2026. Does it matter, though? Investing in Bitcoin is done best with a long-term prospect in mind. $50k isn't a huge change from the current price, anyway, so perhaps waiting for a bigger improvement makes more sense. But the price is pretty good right now, and I don't see why not invest now, even if Bitcoin goes into the bull phase only in 2026. It's a personal choice, no problem there. I guess I'm just wondering about what might be stopping a person.
995  Bitcoin / Bitcoin Discussion / Re: Crypto exchanges have to learn and improve on their security on: September 26, 2023, 03:24:48 PM
I agree that crypto exchanges must invest in better security, but there are also a couple of other things to note here. First, people must learn to only store what they're totally fine with losing on exchanges because a centralized platform is a risk not just due to possible hacks but also exit scams, mismanagement of customers' funds, etc. Second, crypto exchanges sometimes claim there was a hack, when in all likeliness it was an inside job that led to funds being stolen from customers.
I also stand with those who aren't sure KYC is that useful, especially in the context of security.
996  Economy / Economics / Re: How do you deal with financial stress? on: September 24, 2023, 05:10:27 PM
I'm sorry you're struggling with housing, I know it's a big problem in some countries. In my country, it's very simple to find accommodation because I think there's more of it than people around, so at least that's not a major stress factor, although a lot of other things that you've mentioned plus some additional ones are. Economically speaking, my country has certainly been deteriorating for almost a decade, but I've been going against the flow, feeling kind of stable although not great financially.
Since you're asking how I'm staying optimistic, I guess I should mention my circumstances, which is living in the capital of Ukraine during, you know, the war. I'm trying to balance out the big problems with small pleasures like appreciating time with loved ones, enjoying the weather when it's nice, allowing a bit of unnecessary spending on eating something fancy, etc. I've stopped making long-term plans, and I'm trying to overall do what I like to do, as long as it's enough to pay the bills, without putting pressure onto myself to earn more, work more etc. Maybe lowering your own expectations of what your life should be like and focusing on the upsides can help you as well.
997  Economy / Economics / Re: The impact of war on global economy. on: September 24, 2023, 04:50:27 PM
1. Increase in the national GDP is least likely to be caused by a war.
2. Oil is considered the most crucial resource in modern warfare.
3. War affects the stock market by causing a decline in stock prices.

What do you guys think? Is this true or false?
I think there's a difference between a war just being out there and affecting your country indirectly and your country being actually at war with another country (or in a civil war situation, which is also a separate thing). So on #1, if it's your country that's at war, I agree with the statement. But if your country isn't directly affected by the violence and destruction of the war, then your country may experience an increase of GDP by producing and selling stuff that's suddenly at high demand (weapons).
As for #2, I think it really depends on what you consider a resource because there's a human resource, a time resource, material resources etc. Oil can be very important for heavy vehicles and aviation, but those vehicles and aviation are also resources, and they're also crucial.
#3 can be true if your country's at war or when a war is big enough to affect the global market, but sometimes it can be irrelevant.
998  Bitcoin / Bitcoin Discussion / Re: What was the idea behind the creation of Bitcoin? on: September 24, 2023, 04:33:02 PM
As some others have pointed out, understanding the basic points about Bitcoin like the ones the op lists is not necessarily going to help a person become a good Bitcoin investor. Even if you know Bitcoin well, it doesn't mean you've got money to invest, and sometimes you don't know anything but are rich enough to hire a manager whose job will be to research investment options, and that person might lead to you investing in Bitcoin, for example.
That being said, it's still useful to understand the basics about Bitcoin to see whether it's something you might be interested in.
999  Bitcoin / Bitcoin Discussion / Re: Bitcoin miners energy usage has exceeded 50%, where is Elon? on: September 24, 2023, 04:04:14 PM
I think Musk is likely to question the data and ask for a thorough review or something before jumping into Bitcoin again. To be fair, while I want to believe more than 50% of mining is eco-friendly, I'm not sure if I do. It's great if this is the tendency, but t's unclear from the article what sort of data was cited, where it came from, how accurate it might be etc.
In any case, I think Musk has lost much of its influence after all the atrocities he did to Twitter, so I don't think his opinion would have as big an impact on the price as it used to.
1000  Bitcoin / Bitcoin Discussion / Re: Bitcoin on banking systems. on: September 24, 2023, 03:44:21 PM
No, even though Bitcoin is popular in my country, it's no serious competition to the banking system. The thing is, our banks are pretty likeable and easy to use, and, of course, fiat money is accepted everywhere, whereas to pay in Bitcoin one has to specifically seek out places that offer that option.
But Bitcoin is there for the people, IMO, not for institutions. A person can choose to use Bitcoin for some things, to be more independent of the traditional system. And it's not an either-or situation.
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