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1  Bitcoin / Bitcoin Discussion / Re: can Bitcoin set a corrupted country free? on: Today at 05:28:11 PM
My country is capable of feeding electricity to another country and this have been going on for many years, yet we are struggling due to bad economy, I have always dream of the advantage that Bitcoin can bring to my country if I become a president or of the president can divert that electricity to Bitcoin mining instead, since I am even hearing that the country that is enjoying the excess electricity isn't even paying up, they are owing alot, but since the corruption is too big to defeat they can still cheat if they use the electricity to mine Bitcoin.
Having heard your story about the irrational use ("selling" for free) of electricity, I had the following thought. And really, why couldn’t governments long ago think of using this electricity (any excess) for bitcoin consumption? Firstly, this is due to bureaucracy, when bitcoin supporters are not allowed to implement such innovative ideas by other members of governments (who don't see the potential of bitcoin). And secondly, in countries with a shortage of electricity, problems will arise, because if it turns out to be more profitable to direct electrical resources to the extraction of electricity, then where will such countries get the missing electricity? This will affect (negative) the livelihoods of ordinary people from the neighboring country.

I had this discuss with some friends a while ago and one is standing on the fact that this is the way forward, he claimed that it will be transparent and every citizens of the country will know how many Bitcoin the country is generating, where the fund is going and how its been spend since Bitcoin is traceable, I don't want to argue with him so I decide to bring this on here, do you think it will work for a country to be transparent about how many Bitcoin they generate or do you think that corrupiotn will still take over this idea?
The idea of bitcoin implies transparency of all information related to this. Any rule of law state must certainly be transparent with information about bitcoins (government-controlled). But I guess it's because of this that most governments don't like bitcoin and its transparency. Corruption will interfere with the adoption of bitcoin at the government level because bitcoin is a kind of antagonist to this.
2  Economy / Economics / Re: Opinions on diversification on: Today at 02:46:51 PM
A recent conversation between me and @slaman29 on a topic in this forum(read here) showed me that we hold different opinions on the topic of diversification of investments. What is your opinion on the diversification of crypto investments?

Are you of the opinion that diversification is totally bad? or
The opinion that diversification is good if done correctly?
    If diversification is widely accepted among investors, not just in the cryptoindustry but also in the traditional stock market, then it probably shouldn't be abandoned out of hand.

    I've always believed that everything is good if it's done well. It's the same with diversification. If done correctly, it will do more good than harm.

    If you invest all your money in shitcoins to diversify, then in this case, what good can happen? Nothing.

    Diversification, like investing in general, should be smart and carefully considered.
    3  Economy / Gambling discussion / Re: What are the differences between this 2 gamblers? on: Today at 02:36:53 PM
    Hello gambler.
    Am just wondering if one is gambling everyday (24/7) and he's winning in all his predictions (let's say 90% of his games are won) we do not call the person an addicted gambler, but we only say that he's an expert gambler. But if a gambler is not winning and he's gambling everyday we do call the person an addicted gambler.
    Perhaps you call the first gambler an experienced gambler, and the second an addicted one, but for me they are both addicted to gambling despite the win rate and prize money, if all their life interests are concentrated in gambling (24/7 12/5).

    Losses are not yet a manifestation of gambling addiction, and large prizes are not the absence of this. Gambling addiction is when a player can't live (spend even a day) without gambling and when the passion for gambling suppresses all other interests and needs of a person.
    4  Economy / Gambling discussion / Re: Do ex-players make better pundits than non-players? on: Today at 01:56:35 PM
    Do ex-players make better pundits than non-players?
    I'm not sure there is a direct connection here. The fact is that former players already have a sufficient level of media exposure and fame, which allows them to be well exploited in the sports (or near sports) information field. These are the sports icons that audiences fall for.

    Former football celebrities will attract a wider audience and views (meaning more expensive advertising can be sold, which directly affects monetization) than a little-known expert, even at a higher level. Nothing personal just business.
    5  Bitcoin / Bitcoin Discussion / Re: Why is Bitcoin seen as a gateway to financial stability? on: Today at 01:48:11 PM
    I really do not like the idea of people seeing Bitcoin as some form of get rich quick scheme or something like that.
    But bitcoin was created as a completely different asset - electronic digital money, and now it is a speculative investment instrument (like it or not).

    Everyone is just willing to invest in Bitcoin without having proper knowledge of what it is they are doing.
    Only minimal knowledge is needed if it makes a profit: buy and hodl.

    Bitcoin should be known for it's qualities such as
    Durability, decentralized, divisibility,and portability..
    Bitcoin is known for these properties. But it is better known for its profitability.

    And how it could be used to better the society, and lessen corruption from our Elites.
    The elite are also already interested in the bitcoin. For even greater enrichment.

    It shouldn't be seen as some get rich quick scheme or so.
    This is not a quick scheme. But slow.
    6  Bitcoin / Bitcoin Discussion / Re: Will bitcoin be affected if the internet gets disrupted? on: July 23, 2024, 05:43:32 PM
    If the Internet is lost in 24 hours, the world has many bigger problems than Bitcoin.
    Absolutely so. At that moment, the world will be the last to pay attention to the “pause” in the BTC-network, because the focus of the attention of all humanity will be directed to solving completely different problems that have arisen.

    But if the Internet connection loss is only temporary, 24 hours, 48 hours or 72 hours but will resume, Bitcoin blockchain will continue after that. Meanwhile, people can not do bank transfers too if they don't use Satellite Internet from SpaceX company.
    A failure in the Internet (terrestrial) will create a temporary problem or “pause” for bitcoin, but the orbital Internet could act as an alternative backup. Although, theoretically, even satellite Internet is not invulnerable to problems and failures.

    Your bitcoin in your non custodial wallet will still be your bitcoin.
    In the absence of the Internet, it will be possible to pay immediately with these same wallets with bitcoin (transmit seed phrases), but what the exchange rate will be in the conditions of a (long-term) absence of the Internet is already a mystery. Smiley

    Only you can access it with private keys and Internet connection availability or loss won't cause you any loss of your bitcoin.
    It won’t lead to loss, but what to do with it in a potential post-apocalypse (when there is no Internet) and will it be possible to live until these bitcoin needed and it will be possible to make transactions again. Smiley

    This is the kind of comic nitpicking.

    Your transaction only gets confirmation if Bitcoin miners and nodes work so Internet connection is a prerequisite.
    Therefore, it turns out that bitcoin (attention, electronic digital money) ceases to perform its functions during the absence of the Internet, which actually makes it a useless thing.
    7  Economy / Gambling discussion / Re: When you're winning it's fun but when you're losing it's addictive right? on: July 23, 2024, 05:25:58 PM
    "When you're winning it's fun but when you're losing it's addictive right?" - well, why, winnings are also addictive and you want to win more and more.

    That is when people mostly talk about gambling as being fun because they are winning and when it doesn't go in Their favor and they continue to lose at several bets, it's tagged addiction, and solutions and remedies for the situation start popping up here, and there but if the same person starts winning almost at the same time on a stretch, He's no longer looked at as an addict.
    Yes exactly. As long as you win at gambling, you will be admired and called lucky, but as soon as you start losing money over and over again, you will be labeled as a gambling addict. Although, of course, even the lucky ones, who often win, suffer from no less gambling addiction than their less fortunate ones.
    8  Economy / Gambling discussion / Re: Martingale strategy is a failure if you are consistent with it on: July 23, 2024, 05:18:14 PM
    I love roulettes because it is very easy to play and I see it relaxing. I bet with $3.5 yesterday using martingale strategy as I want to see what the outcome would be, I was able to win $6.
    If you really loved roulette, you would bet $3.5k, or at least $350. $3.5 looks like a joke towards true gamblers.

    $6 to $9 but it will go down to $3 until I won $10.  From $10 back to $6 until I won $13. Later I won $18. I played 5 consecutive times without winning at all and I lost the whole money. If won any among the 5 times selection, I would have increased it to back $18 or to $25.
    Most of the gamblers, after all these activities, either in the direction of profit or in the direction of losses, ultimately come to a similar ending.

    It was a boring day for me, I enjoyed the game, I wish to play more but I do not want to lose more money.
    Sounds like the slogan of any gambler. Smiley
    9  Economy / Gambling discussion / Re: My advice: A gambling addict brother. on: July 23, 2024, 04:56:21 PM
    what do you guys think about this?
    You gave the right advice and you should not give a penny to a gambling addict (in the same way with any other addiction), otherwise the addicted brother will spend everything on gambling, as before. This is the next stage of addiction, when people addicted to gambling, having lost all their money and property, begin to lose money from friends and relatives. It is not permissible to encourage them to do this.
    10  Economy / Collectibles / Re: [JOIN] The 15th ANNIVERSARY of BITCOIN FORUM ARTWORK project with BTC Artist 1Dq on: July 23, 2024, 04:49:14 PM


    I'm interested in your thoughts on all points above as well as fresh ideas!
    There's something missing on these robots.


    They should have this sign on them. Smiley

    What kind of future is this if a BTC-machine robot doesn't accept payment in BITCOIN! Cheesy

    Your canvas needs improvement. Wink In general, the entire city of the future should be strewn with similar signs: "BITCOIN accepted here".
    11  Economy / Gambling discussion / Re: Gambling and Betting. Why the Distinction? on: July 22, 2024, 03:43:39 PM
    I was today years old when I found out that if betting and gambling isn't exactly the same thing. If you Google the word betting most of the  results will be in regards to sports betting. Also Google the word gambling and you will see most results refer to casino games. In my own opinion whether we bet on the outcome of a sports event or we bet on games of luck and skill in the casino, they are both the same thing. Which is why I wonder why there is this distinction between the two? Why can't we say casino betting just as we say sports betting or sports gambling just as we refer to the casino when we talk about gambling? I know it sounds weird saying casino betting or sports gambling but what do you think about this?
    Gambling is easy to distinguish from betting. The whole difference is that in gambling, a person trying to make money on “entertainment” participates directly himself (no matter, against real people or computer algorithms), but in betting, this person doesn't participate in the process itself (the sporting event) and trying to make money, predict the outcome of a sporting (not necessarily) event. Also, it should be noted that when betting, a person tries to predict, predict the outcome of an event, whereas in gambling (for example, in slots), he is only subject to the influence of chance. And in some cases, like card games, it can influence the outcome of events, thanks to the ability to participate in the gameplay (as mentioned above).
    12  Economy / Gambling discussion / Re: Investment in gambling on: July 21, 2024, 08:11:59 AM
    Investing and gambling, I think these two words shouldn't be used together cause an investment is something that's guaranteed to give you profit in a short or long term, it depends on what you are investing in
    There is only one thing in common between investing and gambling: in both cases you risk your money. I don't presume to judge where exactly the risks are higher, but in both cases there is no guarantee of profit.

    Gambling on the other hand is a game of probability, no matter how sure the odds are anything can go wrong and distabilize your entire plan..
    The chances are initially very low, otherwise no one would organize a casino.

    Could anything go wrong? You'll just lose all your money, that's all. Smiley

    there's no strategy that can always put you in profit in gambling, if you are a constant player you are definitely going to win and lose
    There is one strategy that guarantees making a profit in a casino - this is to become the owner of the casino. Smiley

    But some people have a lot of losing streaks than winnings.
    I would say that this is the case for most.

    It's better to invest in a physical business that you can monitor by yourself than fixating all into gambling
    This will probably not be suitable for everyone, while gambling is accessible to almost everyone, from teenagers and children to the elderly.
    13  Bitcoin / Bitcoin Discussion / Re: Banks, Airlines, and Hospitals are all down today on: July 21, 2024, 07:43:42 AM
    Bitcoin never takes a break.
    Praise and gratitude for decentralization!

    Its architecture prevents someone from faulting millions of nodes worldwide.
    It’s great when there are many backup nodes, making the BTC-network the most stable and reliable. It seems to me that this is the best that could be invented technically.

    Free PR for crypto!
    But was there at least one media outlet that mentioned bitcoinin the context of this incident with CrowdStrike?

    It seems to me that this PR occurred only among BTC-enthusiasts, who, in principle, don't need advertising for bitcoin, because they already know about the advantages of it.
    14  Economy / Gambling discussion / Re: Summer Olympics 2024 on: July 21, 2024, 07:33:26 AM
    You don't expect Basketball fans not to always want to criticize the seemingly best team if the sport in the world if they fail at a major event like the Olympics. The US basketball team enjoys all the recognitions and global relevance as the best in the sport which also attracts more people who wants them to fall so it's left for them to always strive to remain consistent or allow the backlashes from basketball fans to get to them. I think they're still going to win gold in the soon-to-be kicked off Olympics
    Strong teams, like US basketball team, have high demands and expectations due to their high level of basketball play and any defeat will attract attention, criticism and trolling. And in the case of the Olympics, this is especially true when the opponents are teams from other countries. Among which there are also quite strong teams. And among them there are also enough contenders for a gold medal. Sport is a thing in which it is impossible to achieve heights without “staying consistent”. But should also take into account the factor of chance (even professionals can make mistakes) and the fact that other teams are also improving and will not give in.
    15  Economy / Gambling discussion / Re: Can solitaire be a game of chance? on: July 20, 2024, 07:34:19 AM
    Can solitaire games even be games of chance? Can puzzles even be games of chance?
    I believe that any game where there is a “competitive spirit” can be subsumed under the concept of “game of chance”. Also, betting on the outcome of events is a mandatory attribute of gambling. All this taken together allows me to assume that solitaire can be included in the gambling section.

    The world is changing and even in sports (the Olympic Games) new directions are emerging. For example, eSports / cybersport. Why not expand the range of games in gambling?
    16  Economy / Gambling discussion / Re: Concerns grow over online gambling among teens on: July 20, 2024, 07:08:59 AM
    "It's time for schools to focus on the root cause of online teen gambling by implementing gambling prevention education in all high schools. Health class curricula across the nation cover the typical risks for teens such as smoking, drinking, vaping, etc yet gambling education is nowhere to be found in our schools. "
    Health classes sound great, but if these classes were effective, then all young people would be non-smokers, non-drinkers, and so on. I don't see anything like this around. The same thing will happen with gambling education - teenagers will not stop gambling.

    This is what Colby Cotrone said when interviewed by NBC News about the article he published in NYpost about the online gambling trend among teens causing concern because, in the school halls, they can already overhear teens checking odds and their parlays like it's the most casual thing to do in the campus. This is due to the gambling apps easily downloaded by anyone.
    And what solution do they offer? Ban smartphones? Smiley
    This war against gambling was initially lost, because gambling, thanks to the Internet and the power of smartphones, is available to any child.

    What's striking the most of what Colby Cotrone said was that kids are unaware of what they are doing. Could it be that even the grown-up man may also not be aware of what he is doing as over time a gambler may be consumed by how much he enjoyed the thrills of gambling?
    Children and teenagers are more susceptible to such influences, such as gambling, due to their age (not strong minds).
     
    And would you agree with him in implementing gambling prevention education in schools?
    This will practically not change the situation for the better, because preventive education against smoking and alcohol doesn't show any fruitful results. History will repeat itself with gambling education.
    17  Bitcoin / Bitcoin Discussion / Re: Revealing how the public is scammed through Bitcoin and cryptocurrencies on: July 20, 2024, 06:57:23 AM
    Everything positive you've ever heard about cryptocurrencies is just a way to attract as many investors as possible and extract as much bank-issued money as possible from them.
    IPOs, startups, just business, and other ways of raising money for the sake of making a profit (getting as much money as possible) all fall under your definition of fraud.

    How are cryptocurrencies fundamentally different from the stock market, shares, and other traditional financial instruments, if we consider the method of attracting money? Nothing.

    Cryptocurrencies are no more fraudulent than all of the above.

    That's why cryptocurrencies are a scam. And those who publicly promote them and at the same time hold them are scammers.
    Well, well, well...

    Are you saying that all holders are scammers? You seem to be confusing the concept of fraud. I'll try to explain it to you clearly.

    Fraud, when some people take away (the victim voluntarily gives) value from others under various pretexts. In the case of a bitcoin hold, the holder doesn't receive any value from anyone, but, on the contrary, loses it, that is, the value in the form of bitcoin purchased with money is stored in the same place (crypto wallet) for a long time. From this perspective, the holder (in some sense) should be called a victim rather than a fraudster.
    18  Bitcoin / Bitcoin Discussion / Re: Peter Schiff btc critic posts standing infront of bitcoin sign at the airport on: July 18, 2024, 05:05:21 PM
    Hardcore bitcoin critic and gold bug Peter Schiff posted on his x account a sign at the airport of where he was vacationing with the caption:
    "I'm in Istanbul and look what I came across. There are some things you just can't escape from."
    Perhaps now he is gradually beginning to realize the inevitability of bitcoin as a mass phenomenon.
     
    So my question is, is Schiff slowly accepting bitcoin as something to hold on to alongside gold or still completely bearish on it's existence?
    I think it’s better to ask him this question himself, because everything else will turn out to be just speculation.

    For me, his statement in bitcoin looks like mild trolling and doesn't reflect loyalty to it.

    I heard a few months ago his own son is holding some bitcoin which I found hilarious.
    And so it may be. The opinion of father and son regarding bitcoin doesn't necessarily have to be the same. Young people are more friendly towards bitcoin due to their flexibility of thinking (they are less conservative). It seems funny to me that his son’s money is probably his father’s money, and indirectly it turns out that bitcoin was bought with Schiff’s money. Thus, even being a critic of bitcoin, Schiff turned out to be the owner of this. Smiley
    19  Economy / Gambling discussion / Re: how often do you rely on prediction sites on: July 18, 2024, 04:51:34 PM
    ~snip
    The probability of predictions in gambling varies greatly. Exactly as accurate as the weather forecast can be. Before going out, I check a website with the latest weather forecasts and draw conclusions based on that. You should do the same with gambling prediction sites: rely on this information as complementary, and not basic, allowing you to make your own bet. No one is able to 100% predict the outcome of sporting events, including gambling forecast sites.
    20  Bitcoin / Bitcoin Discussion / Re: Linux Inventor Says He Doesn’t Believe in Crypto on: July 18, 2024, 04:13:12 PM
    Yes that includes "bitcoin"
    The 54-year-old computer scientist slammed the newfangled asset class as a "great vehicle for scams." He also went on to mention that cryptocurrencies function as a typical Ponzi scheme that aims to find "the next sucker holding the bag."

    To believe or not in crypto / bitcoin is Torvalds’s personal matter and right, and absolutely not a reason for his hatred. Bitcoin doesn't become a Ponzi scheme (although technically, there are similarities due to the fact that early investors profit at the expense of late investors. The stock market is no different in this regard) just because Torvalds voiced his opinion about bitcoin publicly.

    Did anyone else notice the information in the article about how Torvalds trolled everyone with this phrase? Good joke, isn't it? Smiley

    I know that many bitcoin enthusiasts are big Linux advocates. In order to stay consistent maybe they need to switch operating systems. That's what I would do
    I have never heard anything more stupid (no offense).

    If Torvalds doesn't share your point of view, this is not yet a reason to become a Linux-hater just because of disagreements about cryptocurrencies.

    Any tool (Linux OS) must be used as long as it satisfies your needs (allows you to solve your problems) and doesn't cause any harm (for example, financial or data security-related).
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