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June 04, 2024, 10:06:42 PM *
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1  Economy / Reputation / Re: 13 years on bitcointalk… on: Today at 07:49:18 PM
13 years ago I signed up for a forum to ask some questions about mining Bitcoin with my home computer. I didn’t realize the journey I was heading off on at the time, but I have to say that things have gone just about as well as they could have. Mainstream acknowledgement, ETFs, giant market caps… These were pipe dreams. So glad I stumbled on this little hobby of ours and decided to try and help change the world. 
It's great that even after these years, a BTC-grandfather like you continues to remain active on this forum and are willing to share your wisdom of the sage and knowledge. Smiley

After 13 years of being involved in this little hobby, what parting words do you have for those new to the crypto industry? I just ask for something original, and not the banal phrases that we can see here every day. I demand wish to hear something priceless from the old bitcoiner. Smiley You'll make us happy, won't you?

Don’t forget those that helped lay the groundwork and need our help now. https://freeross.org/
Perhaps his release is feasible if Trump has spoken about it.
https://x.com/RealRossU/status/1794865086135521737
2  Economy / Gambling discussion / Re: Who's winning the Euro 2024 Tournament? on: Today at 07:21:11 PM
Who do you think will win the Euro 2024 tournament?
Open the poll and we will find out who is the favorite to win.

We say Portugal... what about you?
You are probably betting on one player (Ronaldo), but football is a team game.

I don't think so. Portugal will not win the cup this year.


Spain and England are my picks.
Worthy candidates.

My top three picks are Spain, France and Croatia.
These countries will prove to be better candidates.


Personally, I would vote for the Netherlands.
3  Bitcoin / Bitcoin Discussion / Re: Bitcoin Future Transaction Prices on: Today at 07:09:28 PM
I am working to get my bitcoin off of exchanges and into cold storage but I had a question regarding transaction prices. As more adopt Bitcoin, transaction prices are going to increase as there is more demand for blockspace. Is there any documentation or research into what transaction fees may look like in a world where Bitcoin is more widely accepted? I am worried that from an individual level the blockspace may become so valuable that moving Bitcoin on and off a personal cold wallet may be unfeasibly costly for the average user.
You would not have to worry about the future high cost of bitcoin transactions fees, because if this digital asset reaches such heights of value that even these commissions become prohibitively expensive, then you will find yourself (if just hodl) in such a good profit that these commissions will be for you completely insignificant.

Don't be too greedy. Wink

My understanding is at the current moment while it is still becoming adopted, the value of the Bitcoin held should scale with the transaction costs. I am more wondering about long term viability of personal cold wallets, and how the different layer 2+ scaling projects (lightning, Fedimint, etc.) as well as custodial services may play into the long-run transaction costs. Anyone with knowledge or resources they could point me to would be greatly appreciated!
In order to save money (for transactions fees), refrain from using old format bitcoin addresses (legacy) and give preference, for example, SegWit.

By the time the BTC-price increases significantly, a new update may be released that will reduce high commissions. So, this problem may disappear by itself.
4  Economy / Collectibles / Re: [FREE RAFFLE] - Custom eXch Cryptosteel Capsule (#12)! on: Today at 06:52:30 PM
27 - m2017
47 - m2017
Thx.
5  Economy / Gambling / Re: Casino Payout In Error - Should i advise them? on: Today at 06:49:18 PM
Let say you're not in a cloak try to advertise the casino. So here's what I think you should do.
OP’s post looks exactly like this - a veiled attempt to promote a new casino where, supposedly, you can get prize money for free (as gamblers like).

Inform the casino about this supposed error with their system so they can rectify it as quick as possible. Am just that human that don't like laying claims to what doesn't rightfully belong to me. You could earn a reputation with them you know.
Does a casino claim gamblers’ money when, for various reasons, it blocks accounts and doesn't allow them to withdraw funds, not to mention outright scam casinos?

And get a couple of free spins for the earned reputation?


Uh, that is totally contingent upon your moral compass.
This phrase about a moral compass fits well into the context of this post. And if the casino that OP is talking about turns out to be a potential scam casino in the future, then what then? Which direction will the compass needle turn?
6  Bitcoin / Bitcoin Discussion / Re: Trump vs. Biden is almost like Bitcoin vs Fiat on: Today at 06:35:17 PM
With Biden vetoing this crypto bill to allow corporations to be their own custodian & just being anti crypto in general & Trump preaching crypto to remain a priority in the US & also saying he would ensure protecting holders rights to self custody. Trump is literally talking about crypto policy with Elon Musk & saying how he is going to do all these things like grant pardons to high profile crypto bros its just wild. Its kind of fun to watch, also very funny how when I think about it Biden vs. Trump is sort of similar to Fiat vs. Bitcoin. Thoughts?
Trump only skillfully manipulates the crypto community trying to win them over to his side in the election race. Trump gives his voters what they want to hear and receive. One should not think that heads of government will actually be loyal to cryptocurrencies, which, in essence, allow NOT to play by the rules of governments.

Initially, grandpa Biden’s administration turned out to be a little less savvy in terms of using cryptocurrencies and bitcoiners in its election campaign, but in order not to be outdone, Biden joins the race for the votes of bitcoiners. This confirms the adoption of bill FIT21 in the US Congress.

I am sure that we will still hear from Biden signs of his “loyalty” to cryptocurrencies. So, there is no struggle between bitcoin and fiat, but only purely political gestures.
7  Economy / Services / Re: [YTS] Playgram - The Telegram Casino Signature Campaign | Reward $100 p/w on: June 03, 2024, 04:28:14 PM
Forum Rank: Legendary
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8  Economy / Gambling discussion / Re: Know when to stop on: June 02, 2024, 06:46:45 PM
One of the most important factor of a successful gambler is to know when to stop, most gamblers expecially the addictive type don't even know what is stop when it comes to gambling. So it's very important to;
* Stop when your losing is now getting to you.

* Stop when you are now feeling as is you can't do without gambling.

* Stop when you have a big winning, by channeling the money somewhere else so you won't lose it back to gambling.

* Stop when you are not even winning at all, it's not your thing.

* When your losing is weighing you down, stop and restrategize .
In any situation, the correct decision in gambling is stop? Smiley
 
Stop begins to malfunction when the gambler is overwhelmed by gambling excitement and when the gambler comes to his senses, it is often too late for the stop button.
9  Economy / Games and rounds / Re: 🚩 Blackjack.Fun | BTC Price Prediction ' June 16 | WIN $50! on: June 02, 2024, 06:34:14 PM
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10  Economy / Games and rounds / Re: Blackjack.fun ⚽ Total Goals in Round 1 - Euro 2024 🏆 Prize $50 on: June 02, 2024, 06:33:15 PM
Total Goals: 21
11  Economy / Games and rounds / Re: [FREE RAFFLE] Blackjack.fun 🖤 Prize $50 in Bitcoins | Round #4 on: June 02, 2024, 06:31:47 PM
95 - m2017
96 - m2017

Blackjack username : 2022mm
12  Economy / Economics / Re: Is renting an inevitable waste of money? on: June 02, 2024, 09:55:24 AM
For me personally, renting or renting a house is a waste.
There is no universal solution that benefits everyone at once.

Especially if we rent a house for a long period of time, this is clearly a waste, because no matter how long you rent the house, the house still belongs to someone else, not you.
In this regard, a home loan wins, because you still pay for rent and mortgage, but in the second case, you become the owner of the house and this can be considered, in a sense, an investment (if real estate goes up in price and does not depreciate, as in Detroit ).

I suggest that instead of renting a house, it is better for you to take out a mortgage.
But this “works” only if you have a stable income (but even qualified specialists sometimes end up fired) and are ready for “mortgage slavery” (the inability to change jobs and place of residence) for the entire period until the loan is fully repaid.

The human population is increasing day by day, while the land area is decreasing.
You have "dug up" the investor's gold mine - land, that's what is most valuable. The land area is decreasing, those wanting a piece of land are increasing, that is, it is a limited resource. Whereas housing is a practically unlimited resource (housing can always be built).

But when you take out a mortgage, regardless of how long the installments are, in the end the house and building will still be yours.
Only if you pay monthly installments on time and manage to pay off all debt obligations to the bank after 10-20-30 years of the mortgage. Please note that during the period of encumbrance with a mortgage, anything can happen that can deprive you of your solvency, which means losing this property and monthly payments.
13  Economy / Gambling discussion / Re: Gambling games that gives you an exciting experience on: June 02, 2024, 09:21:13 AM
Well I think lottery would be best for me or sportsbetting especially combat sports.
Lotteries for me always remain a “tax for fools” and I have never spent money on it, whereas sports betting seemed more attractive to me, especially football betting.

In lottery you only have to spend cents to buy a ticket but it has huge jackpot if you guessed the right combinations
With a bet of a few cents, the chances of winning will be at the level of a few cents fractions of a percent.

while in sportsbetting you can compare teams which of which really has an edge for the match by analyzing records performances.
In sports betting, there are few options for probable outcomes, which means that the chances of guessing the “right combination” as in the lottery are higher, but this is compensated by lower odds for more likely outcomes of events.

Though not any of them guarantee any winnings and it still depends on our luck but what really is important there is you enjoy the game.
Luck - it is this random odds that brings the greatest element of pleasure to sports betting. Smiley
14  Bitcoin / Bitcoin Discussion / Re: Bitcoin House Bali, Indonesia on: June 01, 2024, 01:48:04 PM
For Bitcoiners around the world who come to Bali, now there is no need to worry about where you will gather with the Bitcoiner community.
But bitcoiners from all over the world who are in Bali should worry about the attitude of local authorities towards them.

Gatherings in your community for tourists can have undesirable consequences.

Foreign tourists who behave inappropriately, engage in actions not allowed by their visa permit, use cryptocurrency as a means of payment, and violate other provisions will be strictly punished
(source).

The goal is to raise awareness about Bitcoin and create a welcoming place to learn, share ideas, cooperate on Bitcoin, and have fun with like-minded people.
An iron tin can container is not the best place to spend time in a hot and humid climate, I should say. Smiley
15  Bitcoin / Bitcoin Discussion / Re: Don't forget to HODL your BTC on: June 01, 2024, 01:26:17 PM
Title.

Whales are going to start selling like last cycle.
Whether it is whales or ordinary BTC-holders, bitcoin always buys and sells, with the only difference being that at different periods of the btc-cycle either sales or purchases dominate. This is what creates volatility.

Don't fall for the trap. Do NOT sell.
What if the bitcoiner wants to sell? This could just be a trap; the BTC-investor severely limits himself by “freezing” his money in bitcoin. There comes a time for any investor when it’s time to sell btc.

Bitcoin is freedom. Do not sell your freedom. Hodl it until fiat goes away entirely. Give it to your grandkids if you have to. Do not sell your freedom.
Ok, bitcoin is freedom, but freedom is about doing what you want, when you want it. By limiting yourself to only one “eternal HODL!”, you are deprived of this freedom and it turns into BTC-slavery - blind service and worship for the sake of God “HODL!”. ?

Fiat will leave, but CBDC will take this place.

Don't be overly maximalist, because you only live once - take advantage of the opportunities provided by BTCitcoin.
16  Economy / Gambling discussion / Re: Greediness or Addiction -which one is more disastrous? on: June 01, 2024, 11:08:25 AM
Well, I believe that both Greediness and Gambling Addiction make our lives terrible.
What is the difference between greed and frugality? These qualities are practically no different, only in their emotional coloring, that is, give a negative connotation to greed, and a positive connotation to frugality. In fact, this is the same quality, but depending on the situation it brings either harm or benefit. In your case, greed transforms into wastefulness.

How is gaming addiction different from strong passion? These two qualities are also no different.

I was thinking about which one of the two reasons causes more disastrous in our life both in terms of mental health and finances.
These reasons most often act together, enhancing the effect.

It would be the base of experience or just purely an opinion but for me, Greediness is something that would really make us cripple.
"I want to bet more and more in order to win more. I will sell my properties so I can bet huge. " Greediness mindset keeps on the winning side, not satisfaction.
Stimulants such as anticipation (the expectation that a big win will soon appear), joy and pleasure from winning (a positive stimulus that encourages repeated repetition), disappointment and sadness from losing (a negative stimulus that one does not want to repeat) also appear here.

But addiction is a little disastrous, why? Because they can be satisfied with betting a small amount, at least they can gamble.
Really? Will long-term dependence with small bets accumulate into large losses over many years?

When comparing which is worse, greed or gambling addiction, you lose sight of the fact that these qualities are almost equally valuable in terms of harmfulness.


However, both can possibly happen in our lives when we can't control our gambling habit anymore. I prefer not the two but in this situation, I prefer to be just addicted rather than be greedy

Gamble Responsibly...
Oh, if only we could choose our vices. Smiley
17  Other / Politics & Society / Re: Banks are used for criminals, will governments ban banks? on: June 01, 2024, 10:41:38 AM
The most common reason governments say when they announce to ban or sanction anything in blockchain and cryptocurrency is "It is used for criminals".

See what banks are used for?
For criminals.
And how much some parent companies of banks had to pay for penalty?
And here is the answer to your question.

Banks are centralized, which means, if necessary, goverment can issue them a fine and get money from them (from us). And who should I issue a fine for cryptocurrencies in blockchain? That's right - no one and the reason is decentralization (let's pretend that all cryptocurrencies, except bitcoin and a couple more, are also decentralized).

"It is used for criminals".
This “magic phrase” allows you to stigmatize (ban) and demonize (reduce interest) in the eyes of society in almost everything, and not just in cryptocurrencies.

Of course, such statements sound hypocritical.

The total paid $ for penalty is $388.8B, it's not small.
Not bad, right? Even with these huge expenses, banks still remain profitable. This is a reason to wonder whether cryptocurrencies really have dizzying returns? Smiley It was not in vain that Charlie Lee sold all their litecoins he had and bought a bank (WEG Bank AG). Smiley
18  Economy / Gambling discussion / Re: Is gambling bad to the society? on: June 01, 2024, 10:14:02 AM
In general, gambling is still viewed as a bad thing by society, so to be honest, its impact is also bad for society.
But for some reason, this society doesn't hesitate to use the money received from the taxes of the owners of the gambling industry and from the people working in this industry, who pour their money into the economy through spending (and indirect taxes). Many people work for the gambling industry directly and indirectly, which allows them to provide for their lives and the lives of their relatives. Therefore, the question of the influence (good or bad) of gambling on society remains open, because from a social (mental) position, gambling harms people due to gambling addiction and associated consequences, but from an economic point of view, it turns out that gambling benefits people (workers places) and the flow of money into the same society (I’m not talking about prize money) as wages.
19  Economy / Services / Re: [OPEN] Zeusmex-Instant cryptocurrency exchange signature campaign | upto $125/w on: June 01, 2024, 09:12:01 AM
Forum Rank: Legendary
Bech32 address: bc1qf4pchnwd5pjqccqt3m#####ms7209m8nhwslpn
20  Economy / Gambling discussion / Re: When you are confident with your picks, do you win most of the time? on: May 30, 2024, 09:50:04 AM
I’ve been really confident about my picks many times and still lost. We can’t control sporting results even if we pick the favourites to win.
This means that your choice was not assessed by all factors influencing the final result of the bet. It turns out your analysis was wrong. Or, your choice was based on emotions, such as betting on the teams or athletes you systematized.

In gambling, as in investing, one should not allow the influence of emotions and to achieve the desired result (making a profit or winning), one should be guided only by cold calculations. But we should not forget about the element of surprise (chance), when even the favorite can make a mistake and lose to a contender with less chance of winning.

Obviously though it’s natural to feel more confident about winning a bet when you really believe it’s going to win, usually the type of bet that I feel really confident about is with lower odds naturally.
This is a typical mistake of gamblers - to believe (hope for the desired outcome of the bet). Whereas, you need to know (realistically assess) the chances of winning (detailed analysis).
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