Bitcoin Forum
July 05, 2024, 11:34:42 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 ... 314 »
1  Bitcoin / Bitcoin Discussion / Re: Winklevoss "Gemini" twins donate $2m to support Trump on: Today at 11:48:06 AM
We've been coming down from $72k and I personally can consider prices down to $60k to be correction which is a strong support. But as we go lower, it becomes harder to call it a correction. It starts looking more like a crash and maybe even market manipulation; speaking of a crash we just touched $57k range.
Bitcoin was overbought, we reached 72K from 15K, there has been steady growth since 2022 and this is the first time in recent history that we reached ATH before halving. Is it a crash? Hard to say, maybe it's a crash but it was unavoidable and I think very normal after such steady growth but it will go to the moon in winter.

If Trump were a criminal, I would be more confused with the US constitution and politics. Why did they let a criminal become a presidential candidate? Are they helping and supporting criminals to become president?
Every politician is a criminal but my question is, why did the USA let Biden be a president? This man is a walking dead. My other question would be, in the USA, with a population of 333.3 million people, wasn't there really a better candidate? Also, Trump is 78 years old and Biden is 81, they might die of a heart attack today or tomorrow, were they really unable to find someone younger and more open-minded and sane?
2  Economy / Gambling / Re: MetaWin.com | The First WEB3 Casino on: Today at 11:13:32 AM
talking about this part of giving people more freedom in crypto casinos, I remembered that I have been listening to people in my country who go to physical casinos and one day I went to a place where it was very close to the physical casino in my country and being So I went to see what the requirements were to enter the physical casino and play and to my amazement the requirements were only 2:

1 - bring ID that proves you are over 18 years of age

2 - have money

And the funny part about this is that when people withdraw the money they won in the physical casino, they just present their ID and withdraw all the money, even when they win millions, and governments don't complain about this, they don't ask for documents of origin of the funds . but when you go to the online casino things become a headache, for example:



Someone would think that he will play calmly and that if he is lucky he will be able to withdraw a lot of money, at least 30 ETH and a lot of money for me. but that person when they read this part of the TOS


1.3 - Source of funds

Verification may be required by every user who have deposited over 5 ETH in any calendar month, there is a process in place to understand the source of wealth (SOW).

Examples of SOW are:
•Ownership of a business
•Employment
•Inheritance
•Investment
•Family

It is critical that the origin and legitimacy of that wealth is clearly understood. If this is not possible an employee may ask for an additional document or proof.
The account may be frozen if the same user deposits either this amount in one go or multiple transactions which amount to this. An email will be sent to them manually to go through the above, and information on the website itself.

1.4 - KYC Trigger:
These steps may be triggered if any player attempts to withdraw an amount exceeding $10,000.


source: https://metawin.com/games/kyc/

most of the people who play in crypto casinos are people who have bought cryptocurrencies for years and do hodl, make money from subscription campaigns, make money from investing in altcoins, make money from trading, make money from being bounty hunters. how these people will do when asked for the origin of the funds? I have no doubt that these people will have difficulties. I honestly don't understand what the hell is going on in the heads of these people who set these rules, maybe they are people from Curacao. These are unnecessary rules, as they could impose requirements such as playing with 100% of the amount deposited as a requirement for withdrawal, as there would be no room for money laundering and entering ID and proof of address documents. but they are asking for things like proof of origin of funds to create more headaches for people using crypto casinos
I think that Metawin representative on this forum will give you the best answer but as I understood, things are different for regular users and web3 users. Users who deposit on a custodial wallet address have to go through the procedure that you quoted from Metawin's KYC information source and users who use web3 wallet, can withdraw up to 30 ETH almost instantly without human interaction.
I think that it's the difference between web3 and custodial wallet users on Metawin but I might be wrong, no one should depend on my theory. Let's wait for the answer from Metawin officially or if anyone is in a hurry, please ask to their moderators on Discord.
3  Economy / Gambling / Re: AVIATRIX | WEB3 CRASH-GAMES | $150 USDT GIVEAWAY on: Today at 10:39:46 AM
AviatriX_game
Are you finally officially launched or not? 2 July was the date but you haven't officially announced it here, however, there you come with a promotion.

I recently visited aviatrix and got two bonuses, one bonus worth of 2 Euro and another bonus worth of 10 Euro. If I win and wager them 30 times successfully, how will I be able to withdraw them? At the moment I see no registration or login area on Aviatrix. It only lets me play the demo version but I still got the bonus. Btw I understood bitdegree contest, I have to connect my metamask or coinbase wallet and complete rounds. I'll be back and share my experience when I do that.
I really enjoy your game and can't wait to see the marketplace in live action.
4  Economy / Speculation / Re: When will the bears take advantage? This bull run lasts so long on: Today at 08:49:11 AM
this is a god awful post . no bull run ever lasts too long.

btw I would argue this is not a bullrun for mining ⛏️ so we are nowhere close to a full on bull run.
 
It wasn't a god awful post as you see and as it looks, I was on point. Soon after my post, the crypto market crashed. Today Bitcoin is worth 54K, it was up 72K when I created this thread, a month ago. My point was that the price was going up for a very long time without a downward and that was very impressive, even despite the fact that Bitcoin and Eth ETFs were approved. We moved from 15K to 72K from 2022 without a stop, without a downfall and that was very unusual because price usually starts rising in winter, after summer halving.

I think that it will fall down to 30K and then will start a very successful bull run. Charts speak that.
5  Economy / Gambling / Re: 🎲BetFury.com|🚀Join BetFury Cryptodrop 🌔 Share $20 MLN in BFG on: Today at 08:41:28 AM
we can see that there are casinos that are proven to be scams that force them to continue running campaigns on forums in the past. Maybe gamblers will still have an assessment of the casino's reputation.


Those casinos that continue to operate despite receiving negative tags may be forced to stop eventually, as that will only result in their money running dry. We are in a forum where running a business is measured by its reputation, so if a casino has a bad reputation, what's the purpose of marketing if they are not getting a positive result? People here are not naive and they understand how the forum works and can see if a certain casino with an ANN thread can be trusted or not.

Casinos come here to build a positive reputation first. As they grow a positive reputation, they will slowly become popular and attract more gamblers to their platform. However, the moment they ruin their reputation, it becomes hard to fix, and gamblers will easily leave, so that's most likely the end of their life here.
Bitfury only has 1 negative trust and it's about changing the affiliate deal, it's not about casino scamming users and not letting them withdraw their money. In overall, their negative trust is visible on their profile account. When someone googles something, visits Bitcointalk and checks answer from an user that wears a signature campaign of casino, I think that this new guest will click on the signature and visit the casino. People don't put much effort into investigation of the reputation of the casino they play. If they like deals, they'll register. It's only us, long-time members that know what trust rating on Bitcointalk means. Newbies only come here and check trust of casino when they get scammed.
To sum up, casino with negative trust rating will not be able to attract local audience but they'll be able to acquire non-bitcointalk users that came here through search engines or other sources.
6  Economy / Reputation / Re: To freebitco.in and their representative, TheQuin on: July 03, 2024, 10:11:10 PM
I understand that you are angry with them, but you should be angry mainly with yourself because, as you say, you invested everything you have in this casino. Pretty stupid move.
I don't know what to say to that person because Freebitco was very reputable. Can you imagine that they were even promoted by one of the biggest local bank in my country, Georgia, as the way of earning Bitcoin? Btw that was in 2016. How can't you trust a website that was established in 2013 and had no problems for ten years. It was even the website that introduced too many people to Bitcoin. I personally got introduced to Bitcoin by Freebitco.in. It really hurts me to see the downfall and complete abandonment of this casino. Now I really think if Moneypot, Bustabit and Bustadice are the only hope and exceptions or if should I forget them too.

Btw Not your keys = Not Your Coins, sadly that's proven every day.
7  Bitcoin / Bitcoin Discussion / Re: Bolivia lifts 10-year old ban on Bitcoin on: July 03, 2024, 08:41:37 PM
It took them really a lot of years to understand that Bitcoin is not a problem. Bitcoin is an opportunity and they take it wrongly as a threat. They may not feel the effects directly but Bolivia missed lots of opportunities and lots of fortune by banning Bitcoin and I can prove that with an example of my country. My country took Bitcoin as an opportunity and also decided to implement blockchain technologies in the land title registry. We were among one of the top mining countries in the world too. It brought lots of money, lots of investment and lots of opportunities in our country. It's very sad that Bolivia did the exact opposite and missed such an opportunity.
8  Bitcoin / Bitcoin Discussion / Re: Regulating Bitcoin: Necessary Protection or Stifling Innovation? on: July 03, 2024, 07:37:08 PM
my view of regulations is that regulations SHOULD be about checking on businesses acting honourably/morally/legally to protect consumers.. not the other way round. regulators should stick to policing the businesses that take custody of their customers assets

however current regulations allow businesses to continue to process a transfer of assets as long as they report on the customer who requested the transfer if the transfer is suspicious. thus it doesnt stop transfers(if illegal/suspicious) it however later on helps capture/punish the person after the crime. thus is not even preventing crime nor prevents the criminal transfer by the service

so current regulations dont even do anything effective to their proposed purpose
I completely agree with you. I will support regulations if they guarantee me that my cryptocurrencies will be safe in hands of the platform where I have them deposited, for example on exchanges. Regulations should monitor exchanges, the way they secure cryptocurrencies and crypto or fiat reserves. There should be implemented mechanisms that will protect customers from financial loss and offer them a legit service.

At the moment regulations allow businesses to do whatever they want. They can ask anyone to submit KYC and other identity documents or even freeze funds if they feel that way. At the moment, customers aren't protected when they use crypto services. Regulations don't ask businesses to be more transparent and customer-oriented. They let them open businesses in off-shores and nothing happens when they scam. 1xBit scams thousands of people and no one got arrested for that, there are many other examples too.
9  Economy / Gambling / Re: What is the most popular Crypto casino game? on: July 03, 2024, 01:21:48 PM
I would like to know what is the most popular Crypto casino game today and in which casino can I play
It's very hard to say what's the most popular crypto casino game today because crypto casinos today are very different from what they were in 2017 and before. I can surely tell you that the game Dice is associated with crypto. It was dice that was the most popular crypto casino game and almost every casino started solely as a dice website. Primedice, Coinroll, Safedice, Satoshidice, Bitsler, FortuneJack, Crypto-Games, Betking and many other very popular crypto casinos were mostly used to play dice and dice was the most common game. Then later crash games became popular everywhere too. Today we see crypto casinos with thousands of games, with live blackjack, live roulette, slots and etc... In the past, that wasn't a common thing.
10  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: July 03, 2024, 11:31:05 AM
Here's a recap on what I gathered of the Freebitco.in situation:

  • People got hacked and their deposit/withdraw address manipulated.
    • The costumer support replied with: "nah bro, everything is fine, we thoroughly checked, must have been the wind a virus."
  • TheQuin, which used to be the official costumer support of freebitco.in for the longest time, disappeared leaving the site without support for months.
    • The costumer support said that he's now focusing on the fun part of the business (fraud prevention) and that they are hiring a professional team
  • There were hiccups where withdrawals and emails wouldn't go through for a couple of days.
    • The costumer support disclosed that it was an issue with their mailing servers and that after giving it time to clear the backlog everything would return to normal.
      • Everything did in fact return to normal.
  • Somewhere among this this thread got flagged as "high risk".
  • The new user CSFBC appeared and declared that he was now taking care of the costumer support, the professional team is here, ready to restore the law in this town support and assist with all your questions. (These guys use extensive boilerplate and corporate speech in their messages. Is it and improvement over the frequently overly rude TheQuin messages? You decide!)
    • The costumer support hasn't commented since the 20th of June, after two whole days of hard work, they at least seem to be alive logging in at least once a day.
  • The cold storage wallet is still not officially disclosed, but a community member found this multichain portfolio, whose bitcoins didn't have much movement for ~a year until a couple of days ago. A good portion of the BTCs seem to have been converted to interest bearing ETH. (Is it an investment play? Are they risking our deposits? Nothing bad with a "side-hustle" with all that cash, I would just love some transparency)
    • The costumer support said that he would look into the status of upgrading the wallet system.
  • People have reported not receiving the free Wheel Of Fortune spins despite holding FUN tokens on the website.
    • The costumer support didn't comment on this
  • The "logout" button a the top right corner doesn't work and probably hasn't been working for a while. It feels like the website has no developers behind it, and it's slowly falling apart...
    • The costumer support didn't comment on this


Did I miss anything?


As a side note, I have again withdrawn all my BTC from the site. Better safe than sorry.
I wanted to remain positive as far as possible because Freebitco is the website that got me introduced to Bitcoin and it's also the website that I have been trusting for almost a decade but today the situation is very different. The owner doesn't even visit a forum. Does it really take that much to visit this forum for a second? TheQuin doesn't also care to visit this forum and at least tell us something. Only their marketing team and freshly hired support team come here. I had a hope of their support team but the support hasn't even posted since 20 June.
Conclusion: Don't trust Freebitco, the owners don't care. It is abandoned.

P.S. You summarized everything perfectly.
11  Economy / Gambling discussion / Re: ⚽ UEFA Euro 2024 in Germany ⚽ - Qualifiers👉Group Stage👉1/8 on: July 02, 2024, 08:43:40 AM
Spain dominated the match and won big but Georgia actually had sweet memory for Euro 2024. Participate in Euro 2024 can be a most memorable experience for many Georgian players.
Of course, this is history for Georgia for reaching the 16th round of Euro 2024. This is new history for them. They probably never imagined that they could advance to this round, especially by beating Portugal at that time. However, this is the fact, even though in the end they lost to Spain, the history that they are in Euro 2024 round 16 is inevitable and cannot be taken lightly, especially for their team and also the country.
We scored the first goal against Spain, yes I know it was an auto goal but it was a 0:1. We shocked the world and Spanish fans, we made them nervous for the first time against such an unknown country as Georgia is. We shocked the world and we said our words. Our performance in first half was good but later, especially in the last 30 minutes, we got too tired and couldn't keep the performance while Spain was still rocking, so they managed and won against us.
We didn't have enough time to recover too, also one of their goal was off-side. By the way, it doesn't matter, we were really no match for Spain. Congrats to every Spanish people and their fans.
12  Economy / Service Discussion / Re: Sony to restart cryptocoin exchange Whalefin on: July 02, 2024, 08:16:22 AM
I wonder if Sony has statistics of what percentage of coupon purchases come from crypto websites like Bitrefill. Maybe there is a demand for crypto payments and they want to enter this field?
Sony is into Electronics, games, movies, animation and the music industry. To be honest, it's a little surprising that Sony acquired a crypto exchange and now plans to run it finally. It's an interesting move, whatever Sony does, does it very well (except Xperia). I personally expect something cool and unexpected from them, they might leave their footprint in Web3.
13  Other / Meta / Re: Advantages of Bitcointalk over social media on: July 02, 2024, 07:46:11 AM
The advantages of Bitcointalk over social media are too many. First of all, everything is well-sorted here, we have different sections like Bitcoin Discussion, Technical Discussion, Economy, Trading Discussion, Project Development and many other sections, which make it easier for me to find the information that I want. On Facebook and Twitter, you are lost, there are a bunch of posts and tweets, but it's mostly for chit-chat and not for discussion. I like Reddit but still it's not as well-structured as Bitcointalk in terms of sorting and finding discussional threads.
Also, another big benefit that this forum has is that there are many old members who have been here almost since the day of Bitcoin's creation. Here we have default trust members who tag negatively those who try to scam. This forum is a better place in overall.
14  Bitcoin / Bitcoin Discussion / Re: Can You Memorize Your Recovery Phrase? on: June 30, 2024, 10:47:24 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.
I don't know your cognitive abilities and I can't judge that but keep in mind that memorizing your recovery phrase carries risks. What if you forget them? In this case, you completely depend on your memory. If you are confident that you will remember 12 words in a row and you won't forget them in months or years, then go on, and memorize your recovery phrases but if you aren't confident enough, then don't risk it.
If you are still eager to memorize them, if I were you, at first I would write down recovery phrases and save them securely but at the same time, I would try to memorize them. If I'd be confident enough to depend on my memory, then I would destroy the paper or whatever it is where I wrote down recovery phrases, otherwise I would still keep it stored.
15  Economy / Gambling discussion / Re: ⚽ UEFA Euro 2024 in Germany ⚽ - Qualifiers👉Group Stage👉1/8 on: June 30, 2024, 10:24:25 AM
We will watch a very good match in the quarter finals. It is not very difficult to predict which team will win the match between Spain and Georgia, I do not think we will see any surprises.
The match between Germany and Spain will be very exciting. It was nice to watch such a match in the quarter-finals, Germany will probably win that match too Cheesy
Don't be so sure. Everyone was betting on Portugal winning against Georgia but everyone lost. We did not just beat Portugal, we beat them 2:0. Don't be so confident that Spain will win against us. Sometimes, unexpected things happen. The match between Germany and Georgia will be really exciting  Wink

but if Spain loses to Georgia then it will be the biggest surprise at this Euro. But I'm pretty sure at least Spain won't suffer the same fate as Italy. Because so far Spain has many advantages over Georgia. In fact, Spain was the only team that managed to collect 9 points in the group stage. And Spain is the only team that did not concede a single goal in the group stage. In fact, I now think that Spain is the strongest candidate to win the Euros this time.
It was already the biggest surprise, almost an impossible thing to see Georgia beating Portugal. I think that Georgia shouldn't be underestimated, despite the fact that our team is not the strongest, our performance against Portugal was super amazing and at the moment Mamardashvili is one of the best goalkeeper of Euro 2024. Our player George Mikautadze is also the top scorer of Euro 2024.
16  Economy / Economics / Re: Is taxation theft? on: June 30, 2024, 09:59:30 AM
I think that the answer is simple. Taxation is theft in a corrupt country but it's a necessary evil in a least-corrupt country. We need a military, we need police, we need ambulances, we need lights in the street, there are many things that we need and these things need to be on a government level. The country is a family and the government is the head of the family. In a big family, not every family member is smart or reasonable. We need a smart head of the family. The head of the family collects the budget from the family members and takes the responsibility of taking care of things inside the family, including the management of necessary services that can't act on capitalism and also takes decisions in extreme cases. It's only a theft when the head of the family is egoist and wants all the money for himself and doesn't care about the family members.
17  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: June 30, 2024, 08:46:31 AM
I clicked the play all button. It would have taken a long time if I had rolled each spin manually (actually, even by rolling all at once already demands a considerable length of time).

Yours and everyone else's decision of giving up on FUN token is understandable. It's truly not that interesting anymore as it used to be when the feature was firstly introduced by freebitco.in. WoF's rewards were much more generous back then.

Moreover, due to the suspicions and uncertainties regards the future of the platform and the safety of our funds, we don't feel comfortable to continue enjoying the feature which gives extra interest over BTC balance anymore. That was something I had to give up too, as I cashed out my BTC funds after high rollers told about the malicious script and their balances being hacked.

Now I will keep my FUN portfolio because I'm already screwed anyway. Bought them for 30 satoshis each. To sell for 5 or 6 satoshis right now seems worthless... I just want to see how far it will still go.
WoF rewards were much more generous back then but FUN token was worth much at the same time. FUN token become almost worthless and it become very easy to buy 5000, 100 000 FUN tokens and get the benefits but it's a pity that old investors became victim of it.

Don't sell them for 5-6 satoshis right now. If I were you, I would withdraw FUN token from Freebitco and deposit them on Binance. I believe there will be some pumps here and there, you have to create an order, set the price you are willing to sell and then wait for the pump. For example, in 2023-12-13 there was a huge pump and FUN token went from 0.0048 to 0.012. It's risky, especially if you already get the most of benefits from your fun deposit but this coin is dead anyway.
18  Bitcoin / Bitcoin Discussion / Re: Steelwallets and Airport Security - Potential Exposure Concerns on: June 30, 2024, 08:27:20 AM
If I were you, I wouldn't carry a big steel wallet during my trips. Since you put your seed phrases on a steel wallet, I assume you intended to create a cold wallet, so a cold wallet should be kept in a safe place, not in your pocket during the trip. If you still want to keep some metals, then just create a metal keychain and imprint your wallet's seed phrases. I think no one in the airport can have an issue with that because that's a keychain and it doesn't contain anything illegal, just a few non-offensive words.
19  Economy / Reputation / Re: To freebitco.in and their representative, TheQuin on: June 29, 2024, 11:07:20 AM
I think that Neutral tag would be a good idea for CSFBC account. I say neutral instead of negative because this account came to solve problems and is only part of Freebitco's customer support team but on the other hand, it looks very strange to me that such a famous and big Bitcoin faucet and casino didn't even have a customer support member before. It's also very strange that the website is poorly structured, using only HTML/CSS and JavaScript (no CMS, no headless CMS, no famous framework).
I don't understand how this website was functioning smoothly till 2024.
20  Bitcoin / Bitcoin Discussion / Re: Bitcoin activity drops to lowest level since 2010 on: June 29, 2024, 10:41:01 AM
that's why bitcoin struggles once it gets to about $70,000 because no one is really using it for any real world use cases, they are just hodling. hoping to sell it for more than they bought it.
"Hodling" is a real-world use case lol. I don't really know why a lot of people are so against holding as if investing in an asset that you think will increase is a bad thing.
I am against holding because holding does nothing good for the community. Forget Bitcoin for a second and talk about cash. What's the point of holding money? Money has to be in circulation in order to create goods, create services and etc... If we hold money, nothing will be done. That's why I am against holding. Yes, I know that the more people hold Bitcoin the higher it's value will be because there is an increasing demand on Bitcoin but for it's massive adoption and usage, we need less holders and more active users.

It's not surprising that wallet activity is low: traders use crypto exchanges rather than noncustodial wallets, and those keeping BTC in their wallets are waiting for a proper bull run. It's a temporary phenomenon.
This is the best explanation but it's also sad that traders use crypto exchanges despite the fact what happened to FTX and other exchanges.
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 ... 314 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!