I understand, they just failed in payments, and he was only a partner and a promoter for people not to get paid, not a big deal, just usual business.
There was another campaign manager who didn't make it in time for weeks, months. I forgot his nickname. lightsomething? In the end he got a few red-tags. You have a fair point though. This is how businesses might go in the end. Sometimes it just don't work the way you imagine it would. There shouldn't be any excuses... |
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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 but in the end he also didn't get his payments in time and he wasn't in charge for making payments.
Royse777 I know is an honest person. People can change in time or make mistakes but I don't see a big deal here.
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In September, 2021, El Salvador became the first country to adopt Bitcoin as a legal tender; that, we are all aware of. Then President Nayib Bukele went further to spend a total of $106.3m, according to Bloomberg analysis, since it's adoption in 2021. This move was unwelcomed by citizens as they grumbled over the supposed waste of public funds but it sseemed like Nayib was looking at the futuristic benefits attached to this coins. Take a scenario where BTC skyrockets from it's present price of $19.608.8 to a high of $60k or $100k, they could become richer than China and the US combined if they decide to invest in their country like China did.
With it's adoption, the government introduced the use of chivo wallets because of its efficiency and lack of credit consumption.
Granted, Chivo is a public ledger, hence the citizens can be aware of transactions and all that. But where I need your opinions is on this: can it be made public enough to scare off monopolists?
It is true that they can become very rich by investing in bitcoin but it will be on paper unless they can find someone/some country to exchange their products/services for bitcoins. If not, to feed their people, they'll have to sell them coins which they bought earlier and it will create a sell pressure on the prices. In the end they will need USD to make them trades. |
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I've seen some stuff before but never ever seen anything this obvious. You'll never know when this is going to happen in one of your games. Still though, cheat or no cheat, somebody has to win the bet right? There needs to be an outcome for the game. Sometimes the game gets canceled however and everybody gets his money back. This is probably one of those games because the cheat was very very obvious. |
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Just like any other strategies/algorithms/patterns, martingale is also useless against the house edge and the other limitations. The casino protects itself with the house edge and most of them won't let you wager more than a certain amount. (maximum bet limit)
When a player uses martingale, he mathematically ruins himself. Since blackjack is also a game where player is against the house, the limitations are pretty much there. There isn't much of a difference than playing dice using martingale.
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People don’t really understand inflation at all.
Inflation means increasing the money supply. Nothing else. Tail emission is obviously going to create inflation because you are inflating the supply of that particular coin. Economists often explain inflation as price increases. That’s not true. Price increase is the result of inflation.
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It would. Probably even easier because the lower it goes the more bitcoin you can get and there lots of people who are willing to buy from any price they can get. Recovering from $20k is way harder imo. If it drops to $1 some fiat whale would buy every coin there is and then suddenly it would hit thousands again.
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Your plan was a dumb one to begin with. Why would you liquidate your stocks to buy crypto? They are very very different assets. If you want to invest in crypto buy them with the new money or with your dividends.
In the end bitcoin is indeed experimental tech but it has been around for more than 10 years now. It is not just going to disappear overnight. However it is also a lot more volatile than certain bluechip stocks.
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It would take years to make bitcoin an inflation hedge. It may never ever even happen. Bitcoiners should focus on one thing, it is the real world adoption of bitcoin. Replacing the USD and gold are pretty hard targets. You can’t run before you walk.
As for Charlie… he says what he believes. I can’t discredit him right out of the bat because he is a legendary investor. Time will tell who was right.
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Something that always strikes me is that people underestimate the impact of a decentralized world. Especially more vulnerable people that depend on society for ‘survival’.
You shouldn't worry about it because 100% decentralization will never happen. Decentralized systems need to be perfect. But guess what, human beings ain't perfect. We are far from being perfect. We make mistakes and sometimes mistakes need to be "fixed" Since it is not going to work with the decentralized systems, it is never going to get super big in the future. Being perfect simply don't comply with HumanOS. |
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Let the conspiracies flow.
Satoshi isn't a man. It is an idea. An organisation made of thousands of people. They can see you but you can't see them because satoshi is everywhere and also satoshi don't exist.
Satoshi serves your food, cleans your hotel room, drives you to the airport.
You just don't mess with these guys because you'll never know if there is a satoshi among them.
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Of course no.
Adult people can decide what to do with their money. It is not the government's business. People should have the right to lose money. If online gambling is going to get banned, they should ban real life gambling too. There is barely a difference.
What we need is a better education system and less population. Without these, there will always be lots of losers.
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You are clearly confused. Bitcoin has nothing to do with this stuff. It is only sound money. Bitcoin won’t cure cancer or diabetes. Diabetes itself is a gray area though. Just like how you said, the doctors/scientists/big pharma just seem to not cure this disease because it is pretty damn profitable not to do so. Diabetes drugs cost very high and it is one of the main income of big pharma.
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Casual Social GamblersCasual social gamblers gamble for recreation, sociability and entertainment. For them, gambling may be a distraction or a form of relaxation. Gambling does not interfere with family, social or vocational obligations. Examples of such betting are the occasional poker game, Super Bowl bets, a yearly trip to Las Vegas and casual involvement in the lottery. A casual, social gambler is much more common than a professional player. A casual gambler may stop in a casino from time to time, spending a moderate amount of money on slots or blackjack and then head home at the end of the night. They might also join friends for a fantasy football league or Friday night poker game.
For the casual, social gambler, the act is not about the strong desire to win. This type of gambler is interested in spending time with friends, meeting new people and engaging in some rest and relaxation to relieve stress.
The casual, social gambler is comparable to a social drinker. A social drinker may head to the bar after work some days, but the experience is more about socializing with similar people to de-stress. Alcohol, or gambling, in this case, is not the primary focus. This explains my type pretty well. I am a social/casual gambler indeed. I don't care about winning big because I know it is near impossible. If I get obsessed with this, It will only make me poor in the long run. This is the smartest way to gamble imo. Being a professional is fine too but it is too much work if you ask me. If you have to work that hard, you can do other jobs and make even more money. I think gambling should be a way of enjoying your time. You don't need to torture yourself with it. |
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I believe Macaw.casino is one of the first gambling services that will have a sign up-less feature, https://bitcointalk.org/index.php?topic=5405538.0The casino requires the user to make an account for now, but if their schedule for new features are on time, it will be removed and the casino will run everything on top of the Lightning Network. THIS is the ACTUAL point when I opened this topic. Our questions will be answered when sign up-less feature, and no-KYC are implemented. I don’t think the idea is new. I remember I played on casinos like this long time ago but I can’t remember their names. The one I remember very well is directbet.eu. It was all automated and you didn’t have to create an account or anything. You just send the coins to the address and pick your bet and if you win they were depositing back the money you deposited plus your winnings to your original address. They went out of business sadly. |
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Overall a Good site, I decided to come to India, then realized that the ATM's available in India are only (2) that is actually sad, in the last year I have been living in Ukraine and UK as well, where the adoption of cryptocurrencies is far better since it's syncing with the government as well but in India even though the people are loving the whole idea of cryptocurrencies unfortunately they are not really getting enough support from the government.
I personally do not support the idea of ATMs since they charge excessive fee which you can easily bypass by having a teeny tiny application in your mobile making very easy to withdraw the cash as well. Therefore if you have to exchange money i would advise you to use mobile applications most of them also have instant withdrawals which is extremely convenient.
Wasn’t bitcoin banned in India? Am I remembering this wrong? Maybe that’s the reason. I don’t like ATM’s too. They charge huge fees but they do this for a reason. Even though you can’t hack a bitcoin address, you can steal the physical banknotes inside the ATM and this happens from time to time. They simply charge you higher because of the risk they bear. In the end it is the consumer that pays for the stolen money from the ATM’s. |
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Bitcoin has a real life usage which makes it a unique asset. Scarcity only adds value to its uniqueness. There are other alts which act like bitcoin too that’s true but none of them are as safe as bitcoin. Bitcoin is the Ferrari of the blockchain world. Just like how you don’t see everyone driving a Ferrari, not everyone will be able to obtain Bitcoin.
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Before the USD was accepted as the world currency, there used to be the British Pound as the main currency.
And before that, the Spanish Real.
Those are the latest 3 world currencies. We're about to enter the fourth one, Bitcoin.
It will take some time, but it will happen.
I am not sure if that is going to happen. Bitcoin is great and solved lots of real world problems but USD will probably be replaced by another FIAT when the time comes. When bitcoin becomes the reserve currency, how is you going to price things with bitcoin? Let's say you have a house for sale for 1 btc, since bitcoin is deflationary, how is that going to work? It is because today's 1 btc is worth less than tomorrow's one btc. I think we'll just move to the next FIAT and kill it in a decade again. |
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Agreed with abiky. I don’t think satoshi invented bitcoin to be a toy for WS. It is sad that it already become one anyway. It is nit bitcoin’s or satoshi’s fault though. If it is tradable, WS will trade it. We can’t stop it.
Bitcoin came this far without any regulations. Why do we really need it? Yes it will legitimize bitcoin but then the government will have control over it somehow. I am not sure if that’s a good idea.
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Cryptography can’t get illegal. Wtf are you talking about? The whole world uses these technologies. Banks, businesses, police, cc companies, i mean pretty much everyone.
They may try to outlaw bitcoin but cryptography/encryption will never be banned. Banning these is like banning math. It is the same level of absurdity.
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