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1  Economy / Economics / Re: Saudi Arabia ends 80-year petrodollar deal with US. on: June 19, 2024, 10:43:00 AM
The petrodollar deal is 50 years old, not 80 years old. It was signed back in 1974. Maybe you should change your thread title.
Maybe the world actually needs dedolarisation. The Americans have been living in debt for too long. I don't think that the end of petrodollar would be a disaster for the USA. It will be more like a slow decline of the power and global influence of the US dollar rather than a disaster.
The Kremlin propagandists keep posting hysterical articles about "the end of the US dollar" and "the collapse of the western world" and I think that they are clearly exaggerating. I expect higher inflation in the USA and a new EU/USD currency ratio, where the euro will become more expensive.
2  Economy / Gambling / Re: PariPesa.com|Sensational Casino| Endless Cashback & VIP Rewards on: June 19, 2024, 06:31:52 AM
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PariPesa.com is a wide range Casino and sports betting platform with over 400000 users where you will find over 3000 events to wager on at any time, whether on the mobile or PC. They are happy to introduce their services to the Bitcointalk community.
Players over the age of 18 and who reside in countries where gambling is legal are allowed to play on PariPesa.com
Please visit the casino's website, give them some helpful feedback, and let's make this forum a beneficial place for them to operate.

400000 users? Really? This sounds like a lie to me. I'm not sure that even the biggest crypto casinos have 400K active users.
Anyway, the announcement forum thread looks really good, but there's a problem. Paripesa.com has a Trustpilot rating of 1.7/5 out of 73 reviews. Many users are complaining on Trustpilot, that this casino had scammed them and stole their money.
Is the team behind paripesa.com going to do anything about this and solve the issues of all the people, who are complaining?

https://www.trustpilot.com/review/paripesa.com
3  Bitcoin / Bitcoin Discussion / Re: Bitcoin will exacerbate wealth inequality on: June 19, 2024, 06:01:30 AM
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But a world in which Bitcoin is the de facto currency is one in which governments will no longer have the option to print currency and attempt to distribute it to the less well off. It's a world in which governments will not be able to afford the maintenance of infrastructure and investment in hospitals, schools etc. Every major amenity and service will be privatised. Social programs will be a thing of the past as Governments will not be able to finance them. Governments will not be able to collect taxes in Bitcoin in the same way as they collect taxes in fiat currency as people will have their stashes sequestered away in offline wallets. In a very unequal society the last theoretical resort is to aggressively tax rich people or print money and give it exclusively to poor people but these options are taken away in a Bitcoin world. Besides that, in a globalised world rich people are exceptionally successful at dodging tax which is why governments prefer the much easier option of simply printing money.

As the world transitions to Bitcoin, demand for fiat currency will plummet and it will lose all of it's value much quicker than could realistically be caused by central bank printing. As regular people hold more of their net worth in cash compared to rich people, the collapse in the value of fiat currencies will hurt poor people the most, and will not hurt people with assets at all.

You are talking about imaginary theoretical models, that will never happen in the real world.
The world clearly isn't "transitioning to Bitcoin". The governments could impose VAT taxes over all products and services, they don't gather all their revenue from income taxes. The biggest cause of wealth inequality is the money printing done by the central banks. Here's why:
1.It artificially boosts the prices of all financial assets, making the rich people wealthier.
2.It gives cheap loans to the rich people, helping them boost their companies and wealth even further.
3.It creates inflation and inflation is a "hidden tax upon the poor". The rich people aren't as damaged by the inflation as the working class and the poor people.
Having a stable currency and fair tax system would lead to less inequality, but "the powers that be" don't want less inequality.

4  Economy / Economics / Re: World is in trouble that's why on: June 18, 2024, 11:26:13 AM
Japan has tons of debt and very low interest rates, but somehow they have more deflation rather than inflation in the last 30 years.
Contrary of what many people are thinking, I don't believe that there will be a "hard reset" or the USA going bankrupt. The US dollar will slowly lose value and the US debt will get devalued. The people in the USA will become poorer than before, but the devalued US dollar will lead to lower trade deficit and a lower budget deficit in the USA, which is something good. I also don't believe that crypto is the solution to this problem. Maybe the Bitcoin investors will preserve their wealth, but there won't be any major global shift from fiat money to cryptocurrencies.
5  Economy / Gambling discussion / Re: Betting law ignores technology and encourages clandestinity on: June 18, 2024, 06:26:21 AM
The new brazilian law that regulates online betting excludes the use of payments with cryptocurrencies, bank slips, cash or any alternative deposit payment method that could hinder the origin of resources and government fiscal control over the platforms and customers of the casino.

This could encourage clandestine betting on foreign platforms that accept crypto, outside the reach of national regulation.

The rules are exclusive to casino companies operating in Brazil. Therefore, casinos outside this territory will not be affected and Brazilian users who have accounts in these casinos abroad can continue using these platforms, as regulations cannot stop them.

Once again the brazilian government is going against innovation and proving to be stupid.

For more details, access the full article here.

This is yet another example of a stupid gambling regulation/legislation. Maybe it is deliberately made that way, who knows.
AFAIK, this regulation isn't any better than most of the national gambling legislations around the world. No country in the world could stop online gamblers from registering accounts on foreign online casinos and moving their money abroad.
Banning cash seems weird as well. What would to happen to the Brazilian offline casinos, since cash is banned? Is offline gambling even allowed in Brazil?
6  Bitcoin / Bitcoin Discussion / Re: Where to buy or exchange dirty BTC/USDT? on: June 18, 2024, 05:53:43 AM
Hi,
I saw someone talking about dirty BTC/USDT, is this real or a scam? Where can buy or exchange it?

OP, why would you want to buy "dirty"/tainted BTC or USDT? Maybe you could install Tor browser and a VPN and do a little search over the dark web. Most of the illegal online stuff is being offered there, but beware of scams.
What makes you think that dirty BTC/USDT would be a scam? Did you notice anyone selling dirty BTC/USDT around the web and scamming people? Why would anyone selling tainted BTC mention specifically, that he is selling tainted BTC/USDT? This would scare many buyers away.
So many questions and no answers. Grin OP, do you plan buying tainted BTC and cleaning them up? I wonder how that would work.
7  Economy / Economics / Re: Moneyflow towards the Dollar on: June 17, 2024, 11:39:13 AM
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Brics is taken as a instrument like the Euro. But its not.
It becomes clearer that it is a political instrument not supported by capital investors.
After Covid the US drew more than a third of investments towards the US. Especially private investment which is the engine that makes our world economy run that nicely.  Even if you hate the US, the US is the engine of the world. There is no alternative.

One Alternative failed which was the dream of Simon Bolivar, a counterweight to the US:

Who is taking BRICS "as an instrument, like the euro"? Everybody knows that BRICS is a political union.
The USA is gathering foreign capitals mostly because it has high interest rates, low energy prices, political stability and a skilled workforce.
However, I don't believe that the USA is the "economical engine" of the world. USA is more like the financial center of the world, while China is the industrial engine. I don't know if the USA is going to keep the position of a global financial center in the upcoming years and decades.
Simon Bolivar's dream has nothing to do with BRICS or the US domination over the globe. I don't know why do you have to mention Simon Bolivar and his dream about Gran Colombia.
8  Economy / Gambling / Re: Crypto casino without investment on: June 17, 2024, 06:48:33 AM
Hello, what do you think - it is possible to open a crypto casino without any investments. I'm not including domain and hosting costs here, but I'm mainly talking about payout costs. Alternatively, if not a crypto casino, then faucet, something like freebitcoin but without a casino, just faucet.

I'm confused. What do you want to "open"? A crypto casino or a faucet? Faucets are dead and there's no point creating a faucet.
How do you plan to gather active and paying gamblers, if you don't want to spend any money on advertising?
Do you plan to get the casino template for free? I think that free casino template kinda suck. They are totally generic and your casino will look like 1000 other casinos. Standing out from the crowd is the biggest goal in the casino business(and every other business).
If you really want to create and run a business properly, a big initial investment is a must. Trying to do everything without investing money will lead to subpar results(or no results at all).
9  Bitcoin / Bitcoin Discussion / Re: Can we really fix the money @bitcoin on: June 17, 2024, 06:04:30 AM
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And that's the message on the t-shirt in the image, well I don't know but I feel it would be nice to here some forum members thought how possible is this that maybe someday if not today that Bitcoin can actually be the solution to fixing the money, that's if you deem it fit to conclude that there is something actually wrong the monetary system 😁.

The message on the T-shirt is complete BS. I consider myself to be a Bitcoin maximalist, but I can't agree with this message.
If Bitcoin was able to "fix money" then why everybody around the world isn't using Bitcoin, instead of fiat money?
Obviously, Bitcoin didn't fix the money and it never will. Bitcoin is a just a deflationary financial asset, that can help you preserve and grow your wealth. There are other financial assets, that can do the same thing, for example company stocks(of certain companies) or gold. Maybe real estate can be added to the list too, but it depends of the location.
10  Economy / Economics / Re: Is it possible to pitch a Bitcoin investment idea and gain backings? on: June 16, 2024, 10:50:33 AM
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Is it possible for a potential investor (without funds but with a good idea and a great proposal for investors), to pitch a Bitcoin investment idea to a group of friends and family and companies, with projections of good profit but with their invested funds, to gain backings?

The underlined word is "to pitch a Bitcoin investment idea";

What exactly do you mean by "Bitcoin investment idea"? Is there something revolutionary and ground breaking about your "investment idea"?
All your friends and family could simply install Electrum wallet and buy a decent amount of BTC by themselves. Why do you have to pitch them a "Bitcoin investment"? Do you want to tell your friends and family "Just give me your money. I will invest in Bitcoin and give you 198583% profit in return! A can guarantee that this is going to work."? This smells like a scam to me.
Making business with friends and family, asking friends and family for money and promising them big returns seems like a recipe for disaster.
You don't want to ruin your relations with your friends and family, don't you?
11  Economy / Gambling discussion / Re: ⚽ UEFA Euro 2024 in Germany ⚽ - Qualifiers👉Group Stage on: June 16, 2024, 06:54:18 AM
So far I've watched only Spain-Croatia. The other matches seemed kinda boring to me. Scotland clearly disappointed against Germany and Switzerland had no problems against Hungary. Albania has a chance to equalize in the last minutes against Italy, but they've missed.
Spain scored all their goal opportunities in the first half and Croatia missed two opportunities to score. The situation with the penalty during the second half was weird. I thought that the Croatian player was simulating. I wasn't expecting Spain to be so effective at scoring goals. Maybe the Croatian defense had problems. I don't have a clear favorite for winning Euro 2024. Let's watch more games and enjoy the football.
12  Bitcoin / Bitcoin Discussion / Re: Can You Memorize Your Recovery Phrase? on: June 16, 2024, 06:04:00 AM
Just remembered that I have written the recovery seed phrase of my Electrum on a piece of paper somewhere in my place. I'm wondering what could go wrong since my place isn't too secured.  How about trying to memorize it? Is it possible?

Would you try?
What are the benefits? ... and the setbacks.

Yes, you could try to memorize the 12 words, but what's the point? You could still forget several words. I wouldn't bother with memorizing my seed phrases.
Why are so many Bitcoiners obsessed with their seed phrases and private keys? Is anyone trying to hack you? Having decent knowledge about how to protect yourself from getting hacked and having a decent anti-virus should be more than enough for protecting your BTC wallet.
What do you mean by "my place isn't secured"? Do you live in a town with high levels of criminal activity? Do you lock your door every day?
13  Economy / Gambling discussion / Re: A man is unable to collect his price cos he forget where he bought the ticket. on: June 14, 2024, 06:45:58 AM
I noticed on the news that a man won a lottery and when he arrived to claim his prize, he was requested to state or provide information about where he purchased the lottery ticket, which he couldn't do because he didn't know where he obtained it. It drew my interest, and I wondered if forum users could still tell where they purchased all of their lottery tickets in the previous six months (For those who still engage if physical tickets).


If you’re interested in the news you can read it here: https://toronto.ctvnews.ca/ontario-man-can-t-collect-lottery-prize-after-he-forgets-where-he-bought-ticket-1.6924708

That's a weird requirement. The guy has a winning ticket. Why does he have to provide info about where he bought it?
I'm sure that the lottery administration can verify whether the ticket is real or fake. Providing info about where he bought it seems unnecessary. I don't buy lottery tickets, but I live in small town, so there's only one place where you could buy tickets. I guess that such problem won't occur to me, if I ever buy some tickers and win the lottery. Grin
14  Bitcoin / Bitcoin Discussion / Re: how much do you love bitcoins? on: June 14, 2024, 06:02:06 AM
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Has your love for Bitcoin surpassed your love for country? If your government threatens arrest for anyone found to still be involved in bitcoins, are you willing to go to jail even if it is just for a day?
Will you be willing to relocate from your country to another region if the environment becomes unsafe for people like you who have invested in bitcoins?

I think that the word "love" isn't appropriate. I don't love Bitcoin. BTC is just a financial asset, why would anyone love a financial asset or currency? Grin Maybe you should change your wording to "Do you like Bitcoin?" or "Do you prefer Bitcoin?"
I don't consider myself to be a big patriot, but I definitely don't love money more than my country.
Moving away from your country, just because the situation is bad has nothing to do with loving your country or loving Bitcoin.
You just have to do the best you can to preserve your safety and your wealth. If there's war or government oppression, I would run away from my country, even if I had zero Bitcoins.
15  Economy / Speculation / Re: Some bad uses of bitcoin. :'( on: June 13, 2024, 10:48:05 AM
Since Bitcoin is a completely decentralized currency, there is no way to know when and how much money is being sent to whom, both the sender and receiver remain anonymous. So Bitcoin is used to buy and sell various criminal and illegal products. So various arms smuggling activities are paid through Bitcoin. Also, all transactions on the dark web are done through Bitcoin. Which is very sad for us


It is essentially a perfect medium of transaction for all the terrorists and criminals of the dark web. This is why the governments of different countries have declared Bitcoin illegal in their countries. If these actions could be stopped somehow, Bitcoin would be legal in all countries of the world. But in any case, I hope that slowly Bitcoin will be able to gain legality in all countries.

I have the feeling that OP is yet another newbie, who yesterday found out that Bitcoin and decentralized cryptocurrencies exist.
This topic has been discussed a million times before, but I guess that OP is too lazy to do a forum search and find older threads about it.
Bitcoin can be used in the dark web only via Bitcoin mixers. Transacting BTC thru the dark web without a trusted mixer can expose you.
I also think that Monero is more popular than BTC in the darknet. Bitcoin is nowhere close fiat money, when to comes to illegal transactions and money laundering.
OP, can you mention all the countries that have banned Bitcoin? Bitcoin is being banned mostly by underdeveloped countries that are governed by dictators. I wonder why... Grin
16  Economy / Gambling / Re: [Just For Laugh] What kind of advice is this? 😂 🤣 🤣 on: June 13, 2024, 06:07:13 AM
Please move this forum thread to the Gambling Discussion forum. The Gambling forum is more about Casino announcement threads. Grin
Ah yes, Reddit is full of helpful people. Grin I can agree that most gamblers aren't the smartest people on Earth and seeking advice for your debts and gambling addiction on Reddit is kinda hilarious. Jokes aside, the best advice would be "quit gambling, get a job, pay back your debts". This is easier said than done, but there's no way around. The gambling addict would be completely delusional, if he thinks that he will recover his losses and pay back his debts just by winning big on sports betting.
17  Bitcoin / Bitcoin Discussion / Re: How many Bitcoins do you own or have you collected until now? on: June 13, 2024, 05:24:19 AM
I'm not going to reveal how many BTC I have right now. Grin It's not that much, so there's no reason for me to brag about it.
I had 1.25 BTC back in the summer of 2015, but I sold it because I was expecting the price to drop from 300 USD down to 100 USD. Grin
I remember having around 0.33 BTC back in 201-2017 and I sold most of it before the big bull run. Yeah, I know I wasn't a good trader back then. I don't know how many BTC I have earned from sig campaigns in the last 8 years. The amount must be decent, but honestly I don't care about this information.
18  Economy / Economics / Re: The government cares for no one but waits for you to get rich for taxes paying. on: June 12, 2024, 11:04:06 AM
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My question.... If the government could find utilizations on the citizens for taxations on generating funds for infrastructures and other government services , why don't they invest on the citizens or support those with the potentials to productiveness knowing quite well that once they makes success, they would be demanded to also contributed to the growing structures of the economy?
What the government knows is that if a successful individual refuses to comply with the government order, they will get you frustrated tending to fold your productiveness qualities or you go to jail.

So, why don't they tax the poor who barely struggle to eat?:Simply because they found those set of citizens useless and the prison will be occupied if charge them for not paying taxes since there are more Poor people than the rich in the society.

OP, is it just me or your English is kinda broken. I don't understand everything you are trying to say in this forum thread.
The government is paying for your education and healthcare with the tax payers money. The roads and streets you are walking on are built with money coming from the tax payers. Yes, I agree that the rich and more productive people are forced to pay higher taxes, but that's the main concept of the "welfare state". When you have more, you contribute more to the society.
I don't think that the poor people are completely useless. They can contribute to the society by doing different kinds of labor, instead of paying taxes(since they have no money). Such labor could be cleaning the streets, for example.
19  Economy / Gambling discussion / Re: Do You Understand Math? on: June 12, 2024, 07:31:13 AM
Who remembers this old line- the lottery is a tax on people who don't understand math. Let's shift from the lottery and talk about gambling. In gambling do you think that your understanding of math would make you better at gambling. Not necessarily by making you hit the jackpot, but in winning moderately, gambling responsibly, and in choosing strategies for games like poker or blackjack, over games of pure chance like slots or roulette? And now, back to the lottery quote, do you agree?


The actual line is "Lottery is a tax on the stupid". I don't know how did you come up with this "people, who don't understand math" thing.
I watched a Youtube video about a Romanian mathematician, who found a method to consistently hit the jackpot at lottery games. I don't know if this was true though. Counting cards was a thing in traditional gambling, I still remember the movie "Rainman", so I guess that you have to be autistic in order to count cards. Grin The whole concept of having consistent wins via gambling(even if they are moderate) is a big lie. If the gamblers were able to make small consistent wins, the casinos would simply go bankrupt in the long run.
20  Bitcoin / Bitcoin Discussion / Re: Bitcoin has higher market cap than the three biggest banks in the world on: June 12, 2024, 06:40:13 AM
And why do we have to compare Bitcoin market cap with banks market cap? Is Bitcoin a bank or something?
Bitcoin is supposed to be a currency. Why don't you compare the BTC market cap with the amount of US dollars in circulation?
NVIDIA has a market cap of 3 trillion. And so what? Micro-chips are a product that is in demand. The demand for Bitcoins isn't growing that fast. All those market cap comparisons are kinda pointless. After several months or years, the Bitcoin market cap might drop below 1 trillion.
There's no guarantee that the BTC price will keep growing up forever.
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