Three days ago, Bitcoin network hash rate was reported to have reached a new all-time high of over 540 exahashes per second. And on the side of its price, over the course of the some months, Bitcoin's price has also been increasing too. I want to better understand. Is Bitcoin's growth better signaled by its hashrate or price?Or does hashrate, reflecting network strength, outweigh the market-driven price as a reliable indicator?

What aspect of sports betting or casino gambling posed an initial challenge for you when you first started, but which you eventually grasped? How did you finally understand it. Did a friend explain it, did you watch a YouTube video, participate in a sports betting community on social media, or did you figure it out through a trial-and-error approach?

A lot of traders are not as profitable as they claim to be. I don't know the exact percentage but I can say and stand to be corrected that 95% of traders even the so called professionals are not profitable. How do I know this through simple deduction. 95% of these unprofitable traders make their money through other means and their unsuspecting followers don't know this. Some of the means are
- starting a YouTube channel and making money of
a) affiliate program
b) YouTube ads

- Having a paid course.
- Trading signals
- Selling trading merch
- impressions
- and others.

The true 5% of traders that are very successful and profitable do not even have a YouTube channel (only a very few exceptions). They are strictly for trading only, day in and say out.

The first of everything needs to be celebrated. It is a little win for the people of Ethiopia but it isn't not the last. Today on X, this user, @KalKassa share pictures as they toured the site and substation for Ethiopia's first bitcoin mining facility. From what I understand, it is a project supported by GAMA - Green Africa Mining Alliance.

Witnessing Bitcoin and its influence reach unprecedented milestones consistently brings me joy. What are your thoughts on this development?

https://x.com/KalKassa/status/1725088481297170578?s=20

Being patient and consistently involved in healthy gambling habits will surely make you a successful gambler. If you are newbie who is interested in gambling and has been following the gambling community here or any where online or offline, your purpose should be to learn as much as possible from the shared experiences of others such that you can eventually branch out independently, allowing you to operate without dependence on others.

Note that the most important thing in gambling is bankroll management and finding value. What messes people up is poor bankroll management.  Personally, I limit my bets to no more than 10 percent of my bankroll per day, I stop once that limit is reached.  Also don't get discouraged if variance comes in and you have a losing day, week, month, etc. Value is value and it will catch up.  Goodluck on your gambling journey.

Gambling oldies can throw in their 2 sats on this.

As a Bitcoin enthusiast, I want to say briefly that you shouldn't sacrifice simplicity for technicality. You are more likely to lose your bitcoins because of too much technicality than to scammers or hackers. An example of keeping things simple is that instead of storing your Bitcoin in a multi signature wallet that you do not understand how it works or have no experience in setting up, store your Bitcoin in a soft like Electrum wallet where the process of setting up is pretty straight forward. Another example is using simpler and recommended ways to protect your seed phrase instead of some ways that has too much complexities and technicality to it any mistake can result in its loss forever.

In summary, it is more practical to stick with user-friendly options that you understand well than advanced options. Simplicity and a strong foundation of knowledge are your best allies in safeguarding your bitcoin.

One of the solutions which is recommended by most gamblers on this forum for gambling addiction is "Therapy" . Professional help in the form of therapy. It is good and very effective but how many persons can actually afford it? There is a fee for each session that lasts for a duration of 60minutes. And there are more than one session. Therapy for gambling addiction is expensive. How can those who are unemployed afford it? How about the college student? Or the person receiving minimum wage. What are the other low cost but very effective solutions to gambling addiction. And typically how long will it take before the addict starts to feel more in control and less withdrawal symptoms?
Will totally appreciate your responses. Thanks.

Many people in the Bitcoin community have said that these technologies Bitcoin scripting layer 1, TrustSwap, Sablier, and Bitcoin Lightning Network with LSAT protocol offer potential solution for subscription payment, membership payments and recurring payments on the Bitcoin network. How true or feasible is this?

There is a general rule in land based casinos that a gambler shouldn't take credits left on a slot machine by someone else. Basically, from what I understand, if there is still credit showing on a slot machine. Don't cash out or add to your money you put into the machine. Right? The question is if you find a cash out voucher resting on the machine itself or on the seat, can you legally use it?

One of the most powerful words that resonates strongly among bitcoiners is the word "HODL". This word describes our undying faith in bitcoin's past, present and future potential. In the bitcoin community, there are those who have been holding for a long-term and also those who have just started hodling because they are moved by the fast approaching halving event in 2024. As we are holding bitcoin we should be vigilant because hackers and scammers tirelessly seek opportunities and loopholes to steal your bitcoin. Therefore, it is not enough to hold but HODL WISELY.

There are more than one thousand ways to HODL bitcoin. In fact, as of 2022 there were about 2,790 Bitcoin-related applications are available on the Google Play Store while Apple Store had about 651 such apps. To add to this there are 288 hardware wallets and 44 bearer tokens in circulation, all of there telling you that they are able to secure your bitcoin holdings

Don't just hold but hodl wisely and securely.

This topic is inspired by the responses I received in this thread - How Do I Verify the Integrity of Open-Source Code.

Image source:

The general advice is the a Bitcoin tool such as a wallet is okay to use if it is open-source. Aside this there are crypto companies that post their open source code online. I consider my self a skeptic to a degree and I know that there is always the possibility that these companies could post the open source code online but run a different code on your device. There's also another possibility that it could be tampered with during transit.Is there anyway that I can verify the integrity of open-source code and ensure that the code running on your device matches the published code?

I am thinking about teaching my nephews about wealth in a fun way through the game of Monopoly. I haven't gotten any better way to teach them about money and wealth aside this. I think so because of the lessons embedded in the game which includes,

(a) to build wealth, you need to own assets an not liabilities

(b) to build wealth,never put all your eggs in one basket. Always diversify your investment portfolio.

(c) to build wealth, you must  have proper and strong financial management strategies. Anyone who wants to be wealthy must learn how to manage their money, make the right investment and be able to pay off their debts.

(d) to build wealth you should be able to think strategically. Having a long term thinking in mind will enable you to make better decisions.

(f) to build wealth, you must have a well thought out risk management strategy in place.

(g) to build wealth, you cannot overlook the role that patience plays. Wealthy people are very patient people. They know when to make a move and when to hold on. They they understand that true wealth isn't built overnight but through years of hardwork.

These are some of the financial and wealth lessons that I think that my nephews can learn from playing the game of Monopoly. I am opened to your recommendations for other types of games that can be a great alternative or addition to this game as a fun way to teach kids about wealth.

Michael Saylor stated that people buy Bitcoin at the price they deserve. Just a few days ago, Adam Back made a bet on Twitter that Bitcoin would reach $100,000 by March 31st, 2024. Here's a concern I have, do you think the predicted increases in Bitcoin's price to $100,000, $200,000, $500,000, etc. will limit its global adoption? Since the price will be so high, the average person might not be able to afford a substantial amount of it. As a result, they might seek alternatives, potentially hindering global adoption. Could the excessively high price lead people to feel like they missed out, causing them to hold onto seemingly worthless fiat currency?

There are many diverse opinions about following one's passion and wealth. I read two stories of people who followed their passion, and in a short period of time, the businesses became very profitable.

In story 1, Defossey left a job at Apple to open a BBQ restaurant in Mexico City. It made $9 million in sales last year. In story 2, Sean Audet, a 30-year-old, spent $0 launching a food photography side hustle, and now he brings in $134,000 a year.

The people in these stories followed their passion and created wealth through it. What is your opinion on following one's passion in relation to wealth? Can your passion lead to an increase in your net worth? If yes, what is stopping you from following it?

I reluctantly followed the counsel of a financial advisor to fix my finances in order by creating a budget and tracking my expenses, inflow and outflow of cash using an excel sheet. The economy has been crazy in my country so I needed to do something urgently. My greatest realization after this is that inflation all round is destroying my budget. It's been  five months now. I am torn between using my emergency funds or selling some of my assets to cushion the effect of this economic situation. What do you suggest I do?

I strongly suspect a sinister move here. It is the government subtly trying to take over and be in control of Bitcoin. We are seeing big asset management companies and financial institutions suddenly getting involved with Bitcoin, which is partly the reason why there is a pump in the price of Bitcoin. They are applying for ETFs, and some others are coming together to create an exchange. The latest development is Crédit Agricole's CACEIS gaining Crypto Custody Registration in France. Why are all these things happening almost at the same time when Binance is being grilled by governments in different countries? Do not be carried away by all of this; it's the government's attempt to gain control of Bitcoin because, for all I care, these financial institutions with trillions of dollars are controlled by the government. They are the government.

- https://www.msn.com/en-us/money/companies/cr%C3%A9dit-agricole-s-caceis-gains-crypto-custody-registration-in-france/ar-AA1cSLjD

This is an opinion piece. 85% of AI start-ups will fail within 3 years. Link to article. That's what they have said. But what do we think. We use the internet everyday and may even be using one or two AI tools to help us become organized, productive and efficient. Hundreds of AI start-ups are spring up everywhere everyday - while some are jumping in without due diligence some, some are doing it for the money while some others what to make an impact. The AI startups boom is compared to the dot-com bubble where a lot of them failed. Some AI start-ups are: Open AI, Frame AI, Jasper, Drafter AI, Smartly.ai.
What do you think, are we experiencing an AI startup boom like the dot-com bubble? And do you think that 85% of them will fail within 3 years?

We have already heard about the Binance and Coinbase cases with the SEC. There is even a rumor that another centralized exchange is about to declare bankruptcy. The message all over the internet is 'withdraw your bitcoin from exchanges.' Despite this apparent attack, Bitcoin's price remains fairly stable. It is having no effect. But then, do we just sit back and do nothing aside from saying to avoid centralized exchanges? What can we do or should do, or not do as Bitcoin supporters at this time?

Last week, I wrote about the first bitcoin website in 2009. I mentioned that during that time, money could be sent either through the recipient's IP address or their Bitcoin wallet address. For those who used it back then, can you recall if there were any transaction fees? For example when Laszlo Hanyecz  paid 10,000 Bitcoins for two pizzas back in 2010 was there a transaction fee? Also, has the maximum number of transactions per day always been 100?

The update goes thus, get up to 10% Cashback by paying with Bitcoin in more than 250 shops across Lugano. Lugano is a city in Switzerland.This is for sure the best thing I have seen on the internet today. From my POV it is a win-win both for the buyer, the business owner, and Bitcoin. How? The buying saves money. The business owner gets an increase in revenue because they would experience sales increase. People love discounts. For Bitcoin, more increase adoption in that city.

Sincerely wish to see it spread to other cities and see more shops get involved. So, if you are in the city of Lugano, you know what to do.

*  https://twitter.com/LuganoPlanB/status/1664548340950769671?t=K79BxSdTKnsJ3i40ZzpNKw&s=19