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2021  Bitcoin / Bitcoin Discussion / Re: Will digital dollar be a threat to bitcoin? on: November 06, 2022, 06:56:06 PM
I came across this on the news today, and I wonder if this will be a challenge to the growth of crypto in the united states with the government beginning to consider the digital dollar.
Quote
The White House is particularly targeting the proof-of-work transaction-validation process used by many blockchains, including bitcoin. This mechanism consumes huge amounts of energy because it requires a lot of computing power.

And with everything else, the administration is pushing for a digital dollar, a kind of digital twin of the dollar, at a time when China has taken a step ahead on this issue
Read here
Do you think with the level of civilization in the united states, that the digital dollar will be successful?

The digital dollar is not even a threat to the paper dollar. If anything the paper dollar has less disadvantages and more advantages than the digital fiat version. I really hope all these digital government control traps are going to crash and burn at the moment of introduction. The only reason they exist is to take away more freedom from the people and put everyone under a bigger surveillance system. But since Bitcoin has come into existence, I am not worried.

Hell, any cryptocurrency is better than fiat, to be honest.

Worst case scenario we will have to openly rebel against the government on the streets if they oppress us to the point of making any crypto ownership illegal/difficult.
2022  Economy / Gambling / Re: I am opening a crypto casino / sportsbook what should we add? on: November 06, 2022, 05:19:38 PM
Hi well we are in the process of opening a crypto casino and sportsbook we hope is ready in one month

Some features of our casino / sportsbook:
1) 100% anonymous we are never going to ask you for any personal info or KYC BS it doesn't matter the amount
2) we are also going to have a live casino
3) we are going to accept privacy coins like XMR
4) You can place bets over the phone 24/7
5) Is going to be available worldwide

what else should we add?

Let us know Smiley

1. Ok, I find it noble that you do not wish to demand/store personal info but your casino being 100% anonymous not only sounds shady but it would actually discourage me from depositing my funds on your platform.

2. 24/7 live? Or just live sometimes? Also what exactly do you mean by live casino?

3. Thats great. XMR is a great altcoin for privacy. Although that might become an issue if there are problems with the deposits and the users cannot definitively prove its their XMR.

4. Why would anyone want to bet over the phone? Sounds like a system that can easily be abused by malicious hackers.

5. You might get into trouble with foreign regulators if your casino proves not to be 100% anonymous.
2023  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 05, 2022, 07:52:57 PM
OK Guys,


Not sure why I feel the desire to tell you guys (and girl) this, I guess after lurking daily for about 18 months, I've tricked my psychie into actually thinking of some of you as friends.

Anyway, after consistently DCA'ing every week for 75+ weeks, I am officially past the "one in 100M" point. Unfortunately, in mid September I became literally one. My beautiful wife, whom I have adored for the last 22 years packed up her basic necessities and announced that we were getting a divorce. No fights, no affairs, no logical explanation. She had already set up a PO Box, a new bank account, and had a little less than ½ of the available funds transferred a couple hours before informing me. As of that morning I was 100% certain that we were in for the long haul, till death did us part. As of that evening I was a broken mess wondering why I was still breathing. I came to the grim resolution that she had not killed me (physically) because she didn't want to live with the guilt. And therefore, because I love her so much, I can't just die and force her to live with it anyway.

I'm broken. But I still got my Bitcoin and I am in the green... so that's nice... I guess.

Stay strong. Do not let this become something that hangs over you for a long time. Rather think of it as a beginning to a new life. Everything will be a bit out of control for a while but things will pick up again!
2024  Other / Archival / Re: Most investors think regulation is a good thing on: November 04, 2022, 10:20:09 PM
Most investors might think that regulation is a good thing but they have no idea how to regulate Bitcoin or even the fact that Bitcoin cannot be regulated. Either they mean regulate the end-points of Bitcoin transactions like vendors and shops that accept Bitcoin as payment or regulate centralized exchanges where one can buy Bitcoin. Never underestimate the stupidity of investors, no matter how much money they have.

That is why they are not the ones tasked with regulating Bitcoin.  Grin  It is the government's task since they have the authority over things on their jurisdiction.

As far as we Bitcoiners are concerned, there is no need for panic. Bitcoin has been out of the hands of the government since its first mining. And that will not change no matter how loud the regulators get. Grin

The blockchain network of Bitcoin may be untouched by the government but the third-party company that wanted to take advantage of the trending Bitcoin can be regulated.  And these third-party companies are mostly the ones responsible for Bitcoin promulgation. 

That's true. In modern business practices the centralized location and ownership factor remains extremely regulateable
(If that is even a word...). But I am mainly focused on the future of decentralization and the new markets and technologies which the future will bring us. At that point, regulation will become mostly redundant.
2025  Economy / Gambling discussion / Re: [BOXING] Manny Pacquiao vs. DK Yoo on: November 04, 2022, 01:52:54 PM
^^ For sure, Manny will find a lot of loopholes that he can exploited against DK Yoo. And that's what Manny is going to do, make his miss and then counter and if he ever gets tired then Manny might go easy or go for a quick knock out win.

However, since this is just a exhibition match, and it seems that Manny is training lightly and he is doing it with Jinky Pacquiao, Lol. And yes, the proceed will go for a good cause in the Philippines (not sure about Ukraine, this is the first time that I hear it). But what excites us is that we can see Manny again in the ring even if this is just for fun.

Yeah just seeing him back inside the ring will difinitely exite the fans, enough for them to support and buy tickets. Yoo's fighting capabilities if compared to Pacquiao is way far but again, it's the audiences that he have from his youtube and other social media accounts that counts in this fight. If most of it will be converted to a views and ticket sales then this exhibtion will collect huge chuncks of money and both figthers will be able to fulfill the desire of donating the money to thier chosen charities.

Quote
Obviously Manny is going to show him what a real fight looks like.
Hopefully he will not heavily injure  DK Yoo.

Manny is not going to show that what real fight looks like. First of all, because this is an exhibition fight. Second - what is a real fight? Fight till one of the opponents surrender or dies? So far Manny has been noticed in amateur and professional boxing fights Cheesy

Do you know that Manny Pacquiao has a YouTube channel with almost 870k subscribers. His fight against DK Yoo is just a collaboration with other YouTube blogger Cheesy

I think that DK Yoo will practice few combos, few strikes and have a strong believe, that Manny will stand still, like DK Yoo opponents in videos, and he will show that one strike he has mastered. Like one super speed punch that will throw Manny into ropes. But in reality, he will be shocked and knocked down (and the fight will be stopped) when Manny turns his "speed" switch into "on" position.

We don't really know what's real or not these days because of these collabs of YouTubers, we cannot even tell if they're telling the truth or not or if it's scripted. That's why in this fight, I don't have any high hopes that Pacquiao will show DK Yoo what boxing is because this is just an exhibition fight and in the end of the day, both of them will smiling because they garnered Millions again, but this time is okay because the proceeds will go for the charity.


Same with how I assess this exhibition, at the end of the day both will simply give the smile to all the fans that will support the intentions of this fight. Charity works and good paycheck from the promoter and advertisers.

Manny Pacquiao has been known in the past for being a very charitable person so I don't doubt that at least his proceeds will go to a good cause. As far as DK Too is concerned, I would think the media attention is his main goal, since he is an influencer more than anything else. Exhibition match or not, this is not going to be a fight where DK looks good...
2026  Other / Archival / Re: Most investors think regulation is a good thing on: November 03, 2022, 11:50:31 AM
Most investors might think that regulation is a good thing but they have no idea how to regulate Bitcoin or even the fact that Bitcoin cannot be regulated. Either they mean regulate the end-points of Bitcoin transactions like vendors and shops that accept Bitcoin as payment or regulate centralized exchanges where one can buy Bitcoin. Never underestimate the stupidity of investors, no matter how much money they have.

As far as we Bitcoiners are concerned, there is no need for panic. Bitcoin has been out of the hands of the government since its first mining. And that will not change no matter how loud the regulators get. Grin
2027  Economy / Gambling discussion / Re: gambling winner identity on: November 03, 2022, 11:27:51 AM
this is a good topic [Gambling house responisbilty to protect people data] and it should be mandatory for gambling houses to keep user privacy safe but there is something interesting that I saw in a tweet;


source tweet

The man's reasoning is reasonable, but in my personal opinion this is an irresponsible act, he should as a husband, be honest with his wife or children and even if they turn into lazy, he just needs to educate them hard.

what do you think, is the man's action right or if you experience it (win a big jackpot) will you do as the man did or even be honest with your victory to your family??

It sounds like to me that he is just making excuses for avoiding taking care of his family and just does not want to make himself look bad in front of the public. He is a scumbag .

I really hope his family can get some of that money and find a better husband/father who will actually care and look after them as a man should. They say money is the root of all evil but I am willing to bet that this guy was never really a "family man" but rather an opportunistic leech who was probably disliked before he had wealth.

Some people tend to show their true character whenever they come into big amounts of money. Maybe because they think it makes them invincible against societal pressure or something?
 
2028  Bitcoin / Bitcoin Discussion / Re: What will happen to crypto exchanges in the future? on: November 03, 2022, 11:01:56 AM
People tend to use centralized crypto exchanges only for one reason:  convenience.

Its easier to use a platform where you can exchange your fiat for crypto and then hold that crypto on their third party wallet, even though everyone here would recommend you never do that. And its easier to trade your crypto for other crypto on said third party platform.

Its just the way people are. Lazy.

You could easily do the same but in more complicated ways like via P2P and decentralized exchanges. But again, laziness or ignorance wins out in newbies.
2029  Economy / Gambling discussion / Re: Do online casinos disadvantage some locations from winning big on: November 03, 2022, 10:39:50 AM
You know how casinos have set certain slots to only pay a certain amount to a winner, it it also possible that casinos are using an algorithm to limit how much it can payout for players coming from certain locations to avoid being dragged into legal disputes if a player is paid big money and the local authorities want to know the source and the alike?

Well there are definitely some online gambling casinos which tend to act on bad faith and follow some rather shady/bad business practices. That much is true. Although the better known casinos do not do this.

But when it comes to those smaller, less known casinos who don't know how to run a good business, they will usually find any reason they can to stall or avoid paying their players for whatever reason they can find. Although as far as locations go, you could just use a VPN to hide your location. So I am not sure how reliable the data is on that. I do not doubt that they find devious ways to swindle players out of money.

But again, this goes for the bad casinos. The bigger, well known ones do not do this.
2030  Bitcoin / Bitcoin Discussion / Re: Minedala #2 - Bitcoin art that mines bitcoin on: November 03, 2022, 02:31:00 AM
Art that mines Bitcoin? Now I have seen everything!

Although it would probably not mine enough coin to be a significant miner, but rather serves at artistic purpose, I think thats pretty cool. I think it would be even way cooler If the art would be energy-self-sustaining (like instead of getting power from an outlet, the artist could perhaps install solar panels or some other form of green energy and put it outside in the sun (but not too far away from a wifi source) then that would be a very nice Bitcoin monument to self sustaining decentralized financial freedom.
2031  Economy / Gambling discussion / Re: Which has better odds, lottery, online gambling, or sports betting? on: November 02, 2022, 10:40:47 PM
If you are really skilled and knowledgeable about sports then I am sure you would prefer betting on sports and honestly, I think you could definitely improve your chances if you do your research and do it right. I cannot say the same for any other gambling games like dice. Those are basically just luck. Either you are lucky or you are not. Its all probability and your skill and strategy cannot change that, even if it sometimes feels like it can.

Now lotteries, that's a suckers bet, as they say. A hopeless attempt to deceive yourself into spending a small amount of money because it seems not as bad as betting larger amounts at the poker table, for example. But the jackpot will always be out of reach.

2032  Bitcoin / Bitcoin Discussion / Re: Why btc cannot move pow to pos on: November 02, 2022, 07:40:15 PM
This question comes, Do btc network can move to POW to POS?
I am just asking and there is a issue that electricity bill too. Energy problem is most hottest topic all now. so lets discuss this

A POS Bitcoin would not be Bitcoin. It would be a POS version of the real Bitcoin. Throughout all these years POW Bitcoin has proven time and time again to be completely decentralized and fair. A POS version would become exactly the opposite. Right now the POS Ethereum has shown everyone how quickly this change will happen. ETH was basically centralized by a few addresses within the first few days of it switching to POS. I do not know the short term or long term real world consequences of this but I do not want to experiment on Bitcoin. Lets see what happens to Eth.
2033  Bitcoin / Bitcoin Discussion / Re: Chinese Intelligence Officers Used bitcoin to bribe a US Official on: November 02, 2022, 07:10:21 PM

I know of two possible ways the FBI can trace a bitcoin transaction


1. Hacking into an exchange
2. If one part of the transaction reports to the FBI as the GE-1 did.


OR 3. They could also take a look at the public ledger which Bitcoin literally operates on. How is this a regulatory achievement? I really do not understand. Anyone can trace where the Bitcoin goes and where it comes from. The only job the FBI has is waiting for the person to cash out on an exchange or do something in connection with the suspicious Bitcoin on a third party website which logs IP addresses and maybe even demands KYC and demand the host to hand over details on the suspicious account. Its really not that hard to catch the bad guys when it comes to Bitcoin. Bitcoin was never meant to be anonymous.

Regulations on blockchain or Bitcoin has made it easier to identify a transaction, knowing where it is coming from, where it is going and possibly who the senders and receivers are.

Bitcoin is and always was transparent. Its based on transactions which are on a public ledger, so there really is no "surprise" here nor does this show any kind of evidence of effectiveness from "regulations". But if they want to pretend like its their achievement, then that would be a lie.

2034  Economy / Gambling discussion / Re: Apple Pauses Gambling Ads in App Store Pages After Developers Complain on: November 02, 2022, 06:25:37 PM

It appears apple developers are not fans of gambling?

If apple based platforms ban gambling advertisements.

Could apple gain a reputation for having an anti gambling stance in the future. Which might lead to a backlash where casinos boycott apple based products?

I don't remember statistics or revenue numbers being published in response to facebook and other platforms banning cryptocurrency advertisements. Or if there was an actual backlash in those cases where social media platforms lost a significant chunk of revenue as a result of bans.

The gambling industry is different from cryptocurrency advertisements. Gambling is a trillion dollar industry worldwide. It might be large enough for ad bans and lost revenue to affect apples bottom line. Perhaps I'm exaggerating the influence of the gambling industry.




I do not think that Apple wants to get into the gambling business as they may see it as too risky or perhaps even they see themselves as too unexperienced in that area. And I honest would have to agree. Why would Apple want to get into a extremely competitive market which is completely foreign to them? It does not sound like a good business strategy. The part about them possibly banning gambling advertisements might be a loss of profit for them but they would not have to look over their shoulder everytime for a angry regulator and spending millions on lawyers just because the gambling world is so full of litigation.
2035  Economy / Gambling discussion / Re: Do think that POGO should be declared as legal or Illegal ? on: November 02, 2022, 05:12:35 PM
A gambling platform headquartered in the Philippines called Philippines Offshore Gaming Operations (POGO) provides gambling, betting, and E-casinos outside of the nation. Many POGO companies operate legally in the Philippines by submitting license applications to PAGCOR, but some people run POGO illegally, which is why many legal offshore gaming operations are branded as illegal. If the government shuts down this operation, many Filipinos will lose their jobs and the Philippine economy will suffer a loss of several billion pesos.

https://newsinfo.inquirer.net/1672432/pogos-not-linked-to-illegal-online-gaming-says-pagcor

In my opinion, the POGO sector helps many Filipinos meet their basic needs and stimulates the economy, but having so many unlicensed offshore gambling establishments will harm the Philippines government's reputation.

Well it might be a bit too late to wonder about whether or not PGO should be declared as illegal or not since it already exists in a perfectly legal fashion. Of course the government will not want to miss out on profits from the legal side of this entire scheme but they should also find new ways to regulate and protect the online gambling because there are too many vulnerable groups which need to be protected. So instead of declaring it illegal (which I very much doubt they intend to do since this is a cash cow for them), they should be exploring new options. Usually I am not the guy who is on the side of regulators but sometimes it is needed.
2036  Economy / Gambling discussion / Re: High roller looking for KYC-FREE casino on: November 01, 2022, 07:04:54 PM
I want to find a new casino without the need to expose myself to the KYC process. I don't want this thread to discuss the pro's and con's of KYC.
I want to remain a private person and gamble.
My play has made me the number 1 player at Blackjack.fun, wagering over 2000BTC
Things that are important:
KYC free obviously
good customer service
instant withdrawals
a community would be a plus
a decent range of games that are bug free


Thanks for taking your time to help me with the wide range of choices.


Sorry but I have a hard time believing you.

I don't think there exists a casino which will let you deposit/win such large amounts of BTC without KYC. To be honest, I do not believe you have that much money to gamble with which you could have won without KYC. No casino is going to throw themselves overboard, in a legal and financial sense, to pay out such sums to some unknown person.

Furthermore, are you sure you want to deposit such amounts into a third party shady casino wallet without doing KYC? Whats to stop the casino from taking your money? And then good luck proving it was your money or your wallet(s) in the first place.
2037  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 01, 2022, 05:20:03 PM
Your closest mate who have a good so called career, working 9 to 5 and very happy with everything. He never had interest with crypto even watching you addicted with bitcoin.

How would you react
When suddenly he calls you and ask how to buy dogecoin?
When you ask the reason of why dogecoin? He reply, "Elon mask bought Twitter and he can use dogegoin" 😂

Observing @ $20,550

And you think your friend is stupid.

As I have said time and time again there is a place for LTC/Doge

but maybe  not here in this thread.
No, he is not!
He has a PhD in IT LOL

If he wants to buy dogecoin he's definitely stupid. I also have a PhD in CS. As any credentials no guarentee you're not stupid Wink

Just send him https://medium.com/lux-initiative/bitcoin-the-libertarian-introduction-c616edd8496c from 2012 (mirror link, original is down). At that point he either gets it or he doesn't.
.

2038  Alternate cryptocurrencies / Altcoin Discussion / Re: Dogecoin - History repeating itself on: November 01, 2022, 05:04:01 PM
Yep, just a memecoin that happens to be 10x faster and 100x cheaper to send than bitcoin.





Yeah, totally. There are absolutely no other coins or tokens which are faster and cheaper than Bitcoin AND have actual use cases with are meant to actually do something to raise their value, not just speculatively but substantially... Totally not.

I am sure the community feeling is all you need. Thats never going to disappear, right? No massive panic sells once Elon says "Nevermind, screw doge, I decided to make my own cryptocurrency" or something, right?

Dogecoin is the ultimate copecoin.  Kiss
2039  Economy / Gambling discussion / Re: [BOXING] Manny Pacquiao vs. DK Yoo on: November 01, 2022, 04:27:35 PM
I am surprised no one is talking about this here yet, I guess it's probably because no one really knows who DK Yoo is(even I don't know who he is).

anyway, Manny Pacquiao is having an exhibition match against DK Yoo in a boxing match on December 10. I am not that interested in who he is fighting but I'd still watch the fight because I want to see Pacquiao in the ring again. besides, Pacquiao said that he'd give us a "real fight"(he said in one of the articles I've read) which I hope he would actually do.

also, I saw in one of the articles that Proceeds from the event will be donated to the homeless in the Philippines and families affected in Ukraine.


They are only having an exhibition match so its nothing all too special, really. I think thats mainly the reason why nobody is paying much attention. Although I find it very awesome that proceeds from the event will be going to a good cause. Hopefully they raise a lot of money!

I do not know DK Yoo's history other than he is more of a youtuber than a fighter, but he seems like a small fish. And just because Pacquiao is 43 and now retired from professional boxing does not mean that Yoo stands a ghost of a chance against the Pacman. I mean cmon, seriously.

Obviously Manny is going to show him what a real fight looks like.
2040  Alternate cryptocurrencies / Altcoin Discussion / Re: Dogecoin - History repeating itself on: November 01, 2022, 03:48:19 AM
I see a lot of people spitting on SHIB while praising DOGE with the argument that DOGE has been around since 2013, has built a big and active community, blah blah blah.

You guys realise that that is not a good argument for Dogecoin, right? Its been around so long and yet Shiba Inu already has amassed around 40% of Dogecoins marketcap - despite existing (in a practical sense) since only 2021. If anything, that just confirms Dogecoin being a failure of a cryptocurrency which is only being pumped due to famous personalities who manipulate it to enrich themselves in short-term fashion, like Elon Musk.

Sure, there are other famous personalities which cheer Dogecoin on but who cares about what celebrities like Snoop Dog think when it comes to investment decisions?

Do yourselves a favor and don't fall for the memecoins.
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