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True. Those who want to get rich quick will get rekt very hard during the bear market. People shouldn’t think about the price too much. Bitcoin is very good for sending and receiving money. You don’t even need to invest in bitcoin to able to use it. You can still benefit from bitcoin even if you don’t hold any. People usually miss this fact because most people are in because they only care about getting rich.
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Do you think the world population was considered during the creation of bitcoins? Was the intention to create enough bitcoins that could serve the entire world population should it be generally adopted, since it is what we all hope for, can the 21 million bitcoins be enough for the entire world population if it is generally adopted? As at 2009 when cryptocurrency began use, the estimated world population was 6,898,305,908, Currently 2022, the estimated world population is now 7,975,105,156. That an estimated additional 1,076,799,248 persons in a space of 13 years. We know this number will not become smaller as the population will continue to increase regardless of setbacks in forms of the pandemic, war etc Will general adoption really work? https://www.macrotrends.net/countries/WLD/world/populationYou don’t have to own a whole bitcoin to be able to use it. You can own satoshis and still use bitcoin just fine. Bitcoin is highly divisible. So when the adoption grows, people will be using satoshis instead of whole coins. In fact, it is already happening. Lots of bitcoin users don’t have a bitcoin at all. Most users only own satoshis. |
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What are we going to do about the 2 billion worth of BTC that Mt Gox plans to release very soon to the public, won't this make BTC crash heavily or the rumour is fake?.
It would make bitcoin crash. However, why would anyone worry about it unless he'll need cash soon? If somebody is going to worry about this then it means he invested more than he could afford to lose. Bitcoin's price has nothing to do with its functioning too. Bitcoin would function just fine even if the price was $1. Fundamentally, nothing would change if the price drops. It is fine, really. |
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I’ve been a merchant wholesaler for the past four years now. A lot has changed in my business since I introduced Bitcoin as a means of payment. I receive money quickly, I’m able to save up by storing and holding my bitcoins and I can withdraw from my account at my convenience, no limit options. This is far beneficial to me than when I was using banks. Within the first two years Of starting my business I always go to the bank to increase my account limit and set up other necessities. Sometimes it doesn’t get effective immediately I have to wait for 48hrs or the next five working days before it works and still I do have some issues from time to time. This year I decided to start receiving Bitcoin as a means of payment. All I did was print out my wallet address, pasted it on the wall and my customers who knew about Bitcoin already was so delighted I introduced Bitcoin as a means of payment and for those who didn’t have an idea,I educated them on how Bitcoin works and how it can be useful to them.. Everything has been going swiftly,I’m so glad I made this great life changing decision of making Bitcoin a payment method in my business.
You should accept a variety of altcoins too imo. Sometimes the bitcoin network gets very slow and expensive because lots of people use it and your customers might want to use the alternatives. LTC, XMR, DOGE are good solid alternatives which have been around since forever. They are not as cool as bitcoin but providing some alternatives is still a good idea. imo. Your other choice is enabling the lightning network but I don't think many people use it. |
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Why isn’t it a good look for bitcoin?
Because he seemed somewhat disgruntled and leaving with a somewhat bad taste in his mouth. Was he even paid? Or he just did everything for free? If he did everything for free, he got taken advantage of. Used and spit out. I don't know about all bad taste. It seems to me you are making assumptions. Was he even paid? Who cares? Who is going to pay him anyway? Wouldn't it make the matters worse? Let's say Binance is funding this dude. Did you know back in the day when Binance was hacked, CZ wanted a chain reorg? You draw the rest of the picture. Bitcoin always has been all about voluntarism. Everybody has a chance to fix the bugs, voluntarily. Bitcoin’s success is not dependent on other people anymore.
Why not? If people stopped using bitcoin then it would be worthless. If they stopped putting it on websites so others could download it, then bitcoin couldn't grow. If smart people like van der Laan didn't keep putting in their time and energy into maitaining it, presumably that would be a disaster and bitcoin would die a slow death. So yeah it depends on other people but what if it didn't have to? Wouldn't that be better? That's why I suggested bitcoin should be a smart contract so that the smart contract can't be changed. No one would ever have to touch the code again. People could just use it and that's it! That's the only way that bitcoin wouldn't need to be "dependent on other people anymore". People will always be using bitcoin and there will always be some people who would want to develop it further. Bitcoin is now too big to fail. There will always be someone else who is going to maintain/develop bitcoin when somebody quits.
How do you know that? Can you prove it? See above. Bitcoin is decentalized. Even if all the devs quit right now, bitcoin would still survive.
Bitcoin software distribution is not decentralized or trustless. neither is its development model but it's harder to do that in such a manner maybe not even possible. Bitcoin, as is, would survive with no devs for decades probably. Maybe it would need some minor tweaks. Everybody needs his/her retirement at some point. Nobody can work forever. We should thank and congratulate him. We can’t do anything else.
Did he even get paid? I agree no one can work forever for free. of course you should thank someone for working for free but congratulating them? i think that's a bit over the top. who wants to be congratulated for working their butt off for free? hopefully bitcoin has a better retirement plan for its devs than that. See above. We congratulate him for his passion for bitcoin. Something you would never understand. A dev like him would find a job in any major company he wants, instantly. If he needed money I am pretty sure he would have done that. How do you even know if he is poor? Stop making assumptions it is the mother of all fuck ups. |
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Bitcoin’s top developer and Lead Maintainer, Wladimir van der Laan, has confirmed that he’s retiring. Van der Laan is the second successor to Satoshi Nakamoto and is one of the few people in the world with final commit access to Bitcoin Core’s GitHub.
this is not a good look for bitcoin. luckily the joe bitcoin user will have no idea about any of this and blissfully continue using bitcoin to pay for a cup of coffee.
Why isn’t it a good look for bitcoin? Bitcoin’s success is not dependent on other people anymore. There will always be someone else who is going to maintain/develop bitcoin when somebody quits. Bitcoin is decentalized. Even if all the devs quit right now, bitcoin would still survive. Everybody needs his/her retirement at some point. Nobody can work forever. We should thank and congratulate him. We can’t do anything else. |
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More than a third of the Georgian population is on the blacklist of gamblers who are banned from gambling.... according to a translated post from Sputnik publication Excerpt from the post: Since March 1, a register has been operating in Georgia, including ludomaniacs, social workers, officials and persons under 25 who are prohibited from playing in online casinos.
According to the Revenue Service of the Ministry of Finance, 1917 people themselves applied to restrict access to the games, another 23 citizens closed it on the basis of a court decision.
In total, the register contains information about more than 1.44 million people with a population of 3.71 million.
If this is true, I then wonder if there is Gambling epidemic there. Well, I have nothing against the ban as long as gambling(taking big risk - big betting risk) is concerned. I will only be against banning Betting/Prediction market that encourages or promote Safe Betting. By the way, there is no such thing as Safe or Responsible Gambling. Gambling is unsafe and irresponsible. Bet but don't gamble People just go to the neighboring countries or gamble illegally. With crypto, it became easier than ever. Governments can't catch you if you use crypto. People in Georgia hopefully know that by now and purchase bitcoin immediately. If they ban purchasing bitcoin though, now that would create lots of problems. They can still buy bitcoin illegally but it won't be as easy as I pictured it earlier. Is bitcoin banned there? Hopefully not. |
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Recently, I came across information about how much casinos earn and wanted to ask if this data can be extrapolated to the crypto sphere? I know that crypto gaming portals are very profitable, but I have never come across information about how much crypto bookmakers can earn. I am especially interested in how the verified of corporate social networks affects the profits of the casino. I am also interested in how much crypto bookmakers earn on partnerships with football clubs. Any information or link to an article would be appreciated! As showcased above, an $100 bet will on average result in $5 in profit for the book, but that $5 will get split in between the bookie and the book owner.
Let’s assume this simple 3 person structure, gambler → bookie → book owner
Bookies are usually paid a commission at the end of every week on their total books losses. From interviewing a variety of bookies, these commissions often vary from 10-20% (let’s assume 20% because those are the ones that I have seen more often). Meaning that if a bookie has 25 gamblers on his book that each bet an average of $200 in a week, on average the book will go down $10 per gambler ($250 total). This results in $50 of profit for the bookie ($250*.2) and $200 for the book in just one week. Obviously, there might be some marginal costs, like customer acquisition, or a pay-per head service for the book-owner, but raking in $200 a week amounts to over $10,000 a year. Why would it be any different for the crypto casinos? The only different variable here is that they use crypto instead of FIAT, since the rest of the casino structure is the same, I don't think there are any differences between a crypto sports book and a FIAT sports book. You already described how them casinos make money. What is the difference that would make a crypto casino more or less profitable than a FIAT casino? (other than their respective player base) If you think investing in a FIAT casino makes sense, then it should also make sense to invest in a crypto casino. |
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Hello,
What is Bitcoin really? Is it just a digital currency? Any application running on the Bitcoin blockchain?
Thank you.
Bitcoin is the hardest money ever known by humanity. Harder than steel, harder than titanium. Even adamantium looks like a little girl when compared with bitcoin. Bitcoin is hard like men. Hard and sound. They say gold is hard money too but That’s not my experience with gold. Gold is nothing like bitcoin. You can scratch or bend gold easily. Gold is not hard money. Gold is a wimp. |
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A person needs to think deeply about a few things before starting gambling in online. Adherence to these principles a gambler have more chances of getting success in gambling platform which can make a gambler responsible from the start.
Things to obey:
1. A gambler should gambling as an entertainment, not as a way to make money or the earning source of money.
2. Don't try to bet with your everyday life leading money which is very much needed or can't afford to lose like billing, rent, food or something like that.
3. You should Understand the potential of the game, embrace it wisely and predict your chances of winning at that particular game.
4. It is more important to read the terms and conditions carefully other wise everything will be invalid.
5. No betting on YouTube reviews or anyone's advice. Prepare yourself to understand the advantage or disadvantage.
6. If you lose your assets then don’t pursue the losses.
I think your success in gambling will definitely visible if you follow the these instructions. Here you can add your knowledge and experience for the flourishing to this concern.
It always comes down to one simple rule: Never bet more than you could afford to lose. Whether you make one bet or a thousand, it don't make a difference. If you'll be sorry when you lose the bet, then you shouldn't be playing. Avoiding the game is not the end of the world. Sometimes not playing is the smarter thing. When a gambling addict sees the current week's games, he feels like he is missing a big opportunity if he don't bet on every damn game there is that week. Obviously it is the other way around. |
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2. Be Selective
Sports betting has become more appealing due to the variety of games and the number of ways people can bet on it, With the advent of online betting, online roulette games, we now have the ability to wager on virtually any sport, But this does not mean you should wager on all types of games, select the games you know you love and understand fully the ones you constantly follow and always updated on, betting on games you constantly follow and know the rudiments involved will help you win more bets than you loose.
Roulette, dice etc these are luck based games. The person who play these games don't need to know anything at all. It is the sports betting where you need experience and knowledge to make a difference. You are right in general. Don't bet on volleyball if you never watched a volleyball game in your life before. Don't bet on a team which you don't know anything about. If you do these, then it won't be any different than playing dice. |
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I didn’t feel anything. It was just a way of passing the time and that 10 sessions served their purpose. It didn’t even matter if I won or lost. I don’t even remember the amounts because the winnings or losses were nothing significant. I don’t wager more than I could afford to lose. It is against my gambling philosophy. Most people lose their control and wager too much. Obviously they get mad when they lose. It doesn’t happen to me.
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The guy just don’t like btc. I don’t understand why people refuse to believe it. There are lots people who think crypto is a scam.
I know it is their loss but most of them won’t change their minds just because you can’t think of a person who don’t believe in crypto.
Well, here he is.
Freedom of speech. Right to believe or not.
His situation has nothing to do with crypto neither. Show me a bank saved by crypto before. It didn’t happen. Then why do people say “He should have bought bitcoin” ? It is not even related.
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No. It is because they want to replace physical cash notes. CBDC’s are worse than the current FIAT system. CBDC’s are about full control. You can make some anonymous purchases with the physical bank notes but when CBDC’s replace them, you won’t be able to do that. If the gov don’t like you, they will just cancel your account and you’ll starve to death until you comply.
I don’t even think it has anything to do with crypto. They will just remove physical cash and rename the current system into CBDC and the rest will remain the same. It will still be centralized like it used to.
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Why would he get any red tags? I don't understand.
As I understood from his explanation, He was partnering with bitlucy which failed to make payments
I have not gone to the story but I felt interested to reply of your comment. Why partner stands for??? Is it only to take the share of the profit? Partner has no liability for the business/customer/user? I think all the partner should have same responsibility if there happen any scam. If we can take the share of the profit then why we will stay away from the liability/responsibility??? You cropped the relevant part of my post. The rest of my post was saying that he wasn’t responsible for making the payments. However, I do get your point and you are also right. I still think Royse is an honest dude. Maybe very unlucky. Do we need to punish him for being unlucky? Like you said that’s how partnering works… I can’t deny that. Somehow though it don’t make complete sense to me. Punishing an honest person for something he had no control over. I am no DT anyway. They know better than me. |
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So, do you use cryptocurrency or crypto cards? What are your thoughts on it if you use it? If not, what's the deal?
I just use my Master Card. It is fast and reliable. When I have a problem with the merchant, they solve the problem very fast. Most crypto cards are using the credit card companies' infrastructure anyway. You are not actually using your crypto when you use those cards... You are still using your FIAT but they are giving you the illusion of using your crypto... VISA/MC don't care as long as you are using their infrastructure. You think you use crypto, VISA/MC keep making money. Everybody is happy. |
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Hello I was scalping and I had a take profit order in my exchange to sell bitcoin when it reached 24448. And today at 14.13 tradingview was telling me that bitcoin was 24450..but the take profit operation was not performed in my platform..what could be the reason?
It happened because A- your exchange is scamming you B- every exchange has a unique price. Just because you see a certain price at trading view, it don’t mean that btc actually hit that price on your exchange. Have checked the charts in your platform? Did btc really hit 24450 there? Let me guess… it didn’t. |
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As a miner, can you say mining is fairly profitable for you and can be completely relied on to give financial freedom from acquiring bitcoins, Or have you considered involving yourself with other methods of acquiring bitcoins like trading and DCA?
I wouldn't rely on mining because crypto prices are way too volatile and from time to time the prices become so low, most small miners will have no other choice than closing down their rigs because they can't afford to run them anymore. This happens almost during every bear market. Small miners leave the business, big miners take over their spots. You should probably invest in something else. |
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^ When the internet first came out, you were free to say whatever you want. The internet was freedom. The wildest form of freedom. Now there is a hidden auto control mechanism in everybody that prevents him/her from saying silly stuff. (Even 4chan ain’t free imo) Especially in where I live, you can’t even criticize certain people because the gov lap dogs will report you in a second.
The internet is not free anymore. It is not as interesting as it used to be neither.
Crypto will probably follow the same path.
I stopped watching TV 20 years ago and started doing the internet thing but now the internet is the new TV.
Still… God bless adblock/ublock origin
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Crypto will lose its anonymity if it wants a mass adoption. When the developed countries start regulating crypto, they won’t let you stay anonymous. They’ll want to know who you are and what you do. That’s how governments work. Mass adoption won’t happen for free. It will come with a price. The price is your freedom.
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