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Sucks.
If coffeezilla goes down, it is one less scambuster for the scammers. The world is so corrupted, honest men like coffeezilla might actually get punished for their honesty while scammers can do whatever they want. We should show our support to coffeezilla because he worked hard to save people from the scammers. He deserves that much.
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I wouldn't play on a charity casino because they wouldn't be as competitive as the other casinos. It is because they don't have a reason to be competitive. Since they are not motivated by making more money, they won't make promotions, give bonuses etc. They would be like the government institutions. If they are not motivated by making more money, how can they attract more players? Let's be honest, no gambling player gives a damn about charities.
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I was in high school. I had a friend that was a complete addict. We were betting on sports. Everyday we were doing our research by reading the sports news in the morning and then place our bets during the lunch break. I was winning some and losing some. Then I had a bad run and I started to lose a lot. I realized that I was losing money instead of making money and I started to gamble less. My friend however, kept playing even though he wasn't doing good too. One day he hit the jackpot. He won the big prize. A week later he bought himself a nice car, left the school and I have never seen or heard from him again.
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Wouldn't be more than a couple of hours probably. That's because I am a casual gambler. I make some bets occasionally but I never take gambling too seriously. It is not a source of income to me. I already have a job and other investments which make me money. I only gamble for fun and hopefully it will stay that way. If you let your greed to take over, you will lose everything you got. I am not letting that happen.
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If you are into a local business and accepting bitcoin for payment how much discount are you giving up for your buyers? 1%? 2%? How much discount do you think is ok for your business and won't affect you? Right now I am sure that many people are accepting bitcoin in their business as there are many posts about this, I also read that discount is an effective way to make people want to pay with Bitcoin.
Depends. ...on what product I am selling. (or what service I am offering) If the profit margins are slim, I might even ask a premium for accepting bitcoin because of its volatility. If the margins are great like 30-100%+, then 1-5% discount would be reasonable. Making discounts is not always a possibility. Working voluntarily for crypto adoption is a good thing but if you can't attract enough customers with the discount you are providing, you are only going to hurt your business. |
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I too don't like to loan money and never did any business with borrowed money... till last year. Last year, something happened and it changed my view on this subject completely. I realized that I can borrow money with very low interest rates in my country and the inflation rate is way above the borrow rates. So what did I do? I took every loan I could think of and bought every real asset that is producing income. The government is basically giving me free money. Why shouldn't I take it? The assets I bought create a streaming cash flow and paying my debt. In the end when I pay all my debt, I will the owner of them assets and have no debt. It is a nobrainer.
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Ah, coincidentally I tried and tested this website a week ago, debating with my friend whether or not this ChatGPT is overhyped. After testing various tasks, such as writing a couple of paragraphs up to create an essay. I can say that this program is only a text spinner plus. You'll get caught fast if your editor has the skill/experience to catch plagiarism. The content itself is good, but it just copy-paste-and-spin/replaces here and there. It is much more like an art AI that creates artworks from images created by humans. So maybe this kind of AI will destabilize dumb works, but its capability is far from human.
I have seen it writing near perfect code. When you don’t like a certain part, it modifies that part and comes up with a better one. It is definitely not a copy/paste search engine. In the end it is just a tool and can be as smart as its user. When you tell it to write a poem, it will bring a crap generic poem. When you give it lots of details it will write a way more detailed and original poem. Even if it was a damn search engine, it is miles faster than google and actually getting shit done. (Google only points you the way and nowadays it is not even good at it) |
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I remember that day, when the merits become a thing in the forum. Since I was a Legendary user at that point I get instant 1000 merits, and when I realize other users have to get those 1000 merits to become a legendary user I really feel bad for them. It has been a long time, this week was the 5th birthday of the merits system as we can see in this thread ( https://bitcointalk.org/index.php?topic=2818350.0 ). And a lot of people have worked hard to become legendary user in the forum. So, I was thinking... Let's rest 1000 merits to all the legendary users from those who get 1000 merits and make a new raking for those who haven't hit the 1000 merits. For example, if you have 1990 merits, then you will be 10 merits away from legendary, but you will have the new rank until then. What would be a good name for this new rank? That's called power creeping. https://www.urbandictionary.com/define.php?term=Power%20CreepA certain flaw in game balance design, where content released later tends to get more powerful as time goes. This can be seen in multiplayer games that have regular expansions or balance patches. The merit system was created because people were creating account farms and it was too easy to do it. Merits didn't stop the farmers but slowed them down. Maybe the old farmers got away with it because they already had an army but it did stop the newbies from creating new farms. I don't think we need more of this thing. Getting to legendary is already hard enough. No need to turn this forum into an RPG where you upgrade items and ranks. |
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When you get that big, billions become like thousands.
Elon probably isn't losing anything. His wealth was always on paper anyway. Let's say his TSLA shares used to be worth $10 billion. This don't mean anything unless he converts these shares to FIAT. Till then, he don't really owns $10billion. He only owns $10b worth of TSLA shares. His shares' dollar value might go down but he still has the same amount of shares. TSLA shares is just an example. You can think of any other asset he owns instead.
People don't really understand these CEO's aren't as rich as people think they are. There isn't enough liquidity in the markets to fill their sell orders if Zuck or Elon decided to dump their shares. The markets would just crash.
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Depends on what you exactly mean with "replace". If you are saying that traditional banks will go away and crypto will take over then I don't think so. Traditional banks will probably exist as long as the humanity exists because we simply need them. A complete decentralization in finance is not possible because there is a human element and humans make mistakes. There will always some illiterate people who can't use tech well enough and that's why they will always need the help of a centralized authority. Crypto is too perfect for them and since we cannot get rid of these people traditional banks will exist in the future.
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China is sprinting its testing on the digital yuan. It will not take too long before the digital Yuan is executed and it believes China will become less independent of the US Dollar. Is this a good thing or will China become even more economically powerful and therefore a threat? https://www.worldcoinindex.com/nl/news/chinese-central-bank-deputy-governor-wants-china-to-accelerate-pboc-rollout And We already know that China is aiming for global domination specially in terms of economy, and I am sure they are seeing this digital yuan as a possible many tools they can use to entice more countries to go away from the domination of the US Dollar in international commerce. However, many countries right now are also starting to get wary of the intention of China, at least in part this is exposed with the pandemic. Many countries are now starting to resist the influence of China. Many are now seeing that China can be a trap. Personally, I don't see China to be the one to dominate of the vacuum that will be left by USA in the global commerce, that position is reserved for another (still emerging) entity. FIAT is already 90% digital. Making it 100% digital won't really change anything. The Chinese YUAN is already a powerful currency because it is backed by the Chinese manufacturing while the US dollar is backed by the US military. For now USD is slightly more powerful but this might change very quickly. I would say CNY deserves to be the world reserve currency more than the USD now because it is China that makes most stuff for us, not any other country. A currency is and should be only as powerful as the manufacturing power it is backed by and CNY just delivers that unlike the USD. |
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Those who are in the crypto space for over 5 years can actually understand the question more clearly than others.
We have seen that from the last 2/3 years, each day new and new coins are introduced in the market and many of those coins claimed that they are depended on actual utility, etc their ICO price is even higher as well when they list the coin on an exchange then the Initial price almost start from $0.5 - $1 or above like EWT/VICA, etc and there are many others, but at the end, their prices dumped to a very low like reached to bottom and some of those coins even disappeared from the exchanges, CMC and even their websites are deleted.
On the other hand, we saw there are coins that are considered MEME coins like Doge, and their price are low, everyone can buy them, and also they are still present on the TOP exchanges.
So, the main issue here is that Senior Crypto users/Investors/Trades can predict the price of new coins, read the White Paper and then take decisions regarding investment, but the problem is for the Newbie/New users as they don’t have enough knowledge and can’t be able to predict/analysis the price and at the end, they just lose the investment.
How to stop that kind of scam? And what is the proper way to save the Newbie from the honeypot?
There is only one real utility for a crypto currency. It is to transact a value from one place to another. Without a doubt, bitcoin is the best crypto that exercises this utility in a safest way. There are some other alts that are cheaper maybe but they are not as safe. Meme coins, nft's, token platforms are all buzz which are going to disappear in the wind but bitcoin will remain. There used to be a coin called IOTA. It was supposed to change the world in a way we can't even imagine. Where is it now? Nobody even remembers. Bitcoin is still here. |
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  verification linkAnother happy Sunday. It is so amazing and sad at the same time that I played ~7500 free rolls till now and never ever got anything better than the fourth biggest prize. (9986-9993) And yet somehow every once in a while (like every 10 days smth), I am getting a 5000 prize from WoF spins. My seed says I rolled 9999. Of course the faucet has a way bigger prize for a 9999 roll (86k sats) but 5k sats is still nearly the equivalent of rolling 9994 which is amazing. |
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It is all fun and games till someone demand his bitcoins and withdraw them. Leverage, fractional reserve banking, investing with the customer funds… these all work fine till they don’t. Gox was probably the first and ftx won’t be the last example. On paper, These exchanges can create bitcoin out of nothing but it never ends well. The other example is tether. Everybody knows that’s not going to end well too.
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I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.
If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?
Isn't the answer obvious? I would quit my job and do whatever I like. (of course that's if you don't like your job) For example: Let's say you are making $3k from your job and making another $3k from your passive income. If you don't like your job you can quit it and do something you like. Maybe you will make less but you will have more fun. What is life without fun? Why do we live? To live a fun and happy life. If you are not happy with what you are doing, you should quit that stuff and do what you like. Heck you can do nothing and spend your passive income too, that's called retirement. |
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The casino needs to have a big bankroll to be able to pay the winners. It doesn't matter if the money comes from the losers or the casino owner's own pocket and it doesn't make any difference in the end. The money should be there. People deposit money too but they don't always lose and sometimes they withdraw without playing at all. You can't depend on the deposits alone especially If they haven't lost that money yet. If they lose it, then it is the casino's money now. New casinos on the other hand don't even have that choice. The owner should make a casino bankroll from his own pocket. How are you going to pay a random big winner otherwise?
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as we know, many people suggest investing in bitcoin because the risk is not too high.
but if we look at the market there are lots of people buying altcoins, and to be honest I also like to buy altcoins but there aren't many of them, and it's still my biggest investment in bitcoin. and to be honest even though investing in altcoins is risky but I always want to buy and the reason is because of the high pumping..
and I want to ask everyone what is your for buying altcoins, is the reason the same as mine?
It is because altcoins are way more volatile and have less liquidity than bitcoin and because of that they provide bigger opportunities for those who want to get rich (or poor) quick. Tbh trading alts or playing dice make no difference to me. Both of these actions are different colors of gambling. Just because you are trading an alt with low liquidity doesn't mean that you are an investor. No, you are still gambling. |
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This is the biggest step to destroy the middle class. I mean the middle class weren’t alive much anyway but thanks to AI, job-wise whatever was left available for them will be gone soon.
Fear not however.
The Universal Basic Income will come to the rescue.
By 2030, everybody will be driving golf carts, eat insects, have their citizen scores and universal basic income. You won’t have to go to work. You will be at home watching netflix all day and your masters will send you $$$… as long as you keep eating them bugs.
Just don’t ever never demand to eat a damn steak.
Or we will have a problem.
Off to the gas chamber you freak! I zaid no meat!
Are you also a Klaus Schwab fan? As I understand it, those nations that are used to resisting and not submitting to world leaders are now being destroyed. And artificial intelligence will set limits for each resident for spending on certain needs. Are you trying to insult me? No I am not a Klaus fan. I despise him but I also understand him somehow. You are right that most nations are basically slaves to wef and that's because almost every big international company is a wef member. https://www.weforum.org/partnersBeing a wef member is like becoming immune to certain stuff. If they want to get big, they must pay klaus a fee. |
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I just googled the return percentage of online casinos and saw different percentages that doesn't seem real. A slot machine can be written to pay out 98%, but its programmed to pay 90% and it's publicized that way to attract more people to play using that slot. Though one slot could be paying out that amount in the casino, yet my point is that no casino offers 100 percent payout that means if a slot pays out 94 percent for every 100 dollar bill spent on that machine the player losses 6$ to the casino. That is if you play longer times you'll lose, and we can almost never stay atop of the slot machines after long period of plays, unless you win a jackpot. Even if you win a huge amount, you can lose. They are numerous stories of people who won the jackpot and ended up spending the whole money back on the casino within a short period, 1 or 2 years, they lost the jackpot.
Isn't it? Inspired by Jean Scott - Frugal Gambler That's the whole idea behind the gambling business. If you were winning in the long run against the house, the house wouldn't exist. If the house dies, then where are you going to play at? In gambling, money only moves to one direction: From the players' pocket to the casino. Jackpot winners are as rare as the lottery winners because they have pretty much the same chances to win (which is very slim). We can't include them in our calculations. The casino is there to make money, that's how they make a living. The player has only one choice in the long run: Losing. |
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CEX deserves all the hates it getting now but doesn't mean it has also not been helpful to bitcoin and crypto space.
True. Most people in crypto can't handle the responsibility for their funds let's be honest. CEX's and banks are there for this purpose mostly. To fix the stupid stuff you do. In an ideal world, banks and cex's shouldn't exist but we don't live in an ideal world. It is not even a matter of stupidity sometimes. Sometimes clever people make mistakes too. People hate the CEX and banks so much but they can't imagine what would happen without them. It would be catastrophic. |
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