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901  Alternate cryptocurrencies / Altcoin Discussion / Re: Paying ETH fees? on: October 03, 2023, 08:39:14 PM
2024 / 2025 (hopefully) will be my first bull run and the majority of my crypto is currently on cold storage and I am wondering if I should get some ETH ready now to pay for fees when it comes to selling or if I should wait till next year when I actually do sell - is there any difference?

I do not hold Ethereum but do have a few tokens that will require me to pay fees so wondering what is best to do have it ready now or if it doesn't matter and just wait till it actually comes to selling and pay then but obviously the price of Ethereum will be a lot higher next year then it is now so thinking is it best to buy now whilst cheaper?
Why wouldn't you buy eth for fees now? It's not like you need to buy that much it that you would be saving a huge amount if the price goes down, as it's just money for gas and nothing big.

Eth is definitely not going to drop as much that you would save something that's relatively cheap now. But it can rise in the price and no one really knows how much it could, now that's in deflationary mode.
902  Economy / Economics / Re: Honda Now Accepts Bitcoin and Ethereum As Payment Methods on: October 03, 2023, 08:30:21 PM
Technically Honda partnered with FCF Pay. Honestly i don't even know if honda needed to do anything for this. They just accept money from a third party payment gateway.

I see this similar to the fact you can load binance credit card with bitcoins and pay to honda if you want. Technically it's just converting it to money and honda won't see any crypto in either scenario. But i guess it sounds catchy and act as a clickbait when you say honda accepts bitcoin, which it doesn't. Honda accepts money that it gets from a third party that you pay with bitcoin.

903  Economy / Economics / Re: Do we truly need cbdc when bitcoin already exist? on: October 03, 2023, 07:36:07 PM
CBDC (central bank digital currency) are digital representation of a country's official currency managed and regulated by a central bank. The idea is to provide an alternative to digital cash allowing faster transactions and increasing financial accessibility.

Its centralized nature allows the government to directly issue currency to citizens at the whim of central banks

This obviously means that they can not offer the same level of autonomy or censorship resistance that bitcoin offers

The fact that its implementation can lead to potential surveillance and increase government control over finance is something to be worried about.

Considering the fact that bitcoin has earned an high level of trust, security and borderlessness from it user with an inherent monitory policy brings the big question;

Do we really need cbdc now?
You can't compare those. It's fiat money and btc is not going to replace fiat money as it's by design not designed for that. Ability to print money or inflation if a system that can help governments in crisis situations, if done correctly. Only inflationary money can do this, not deflationary or money with fixed supply. Bitcoin is good for other things but it's not benefiting any government over fiat money.

Also there would definitely be issue with those permissionless immutable transactions in transparent network, which is the whole point of bitcoin.

And do we need cbdc over current systems? Probably. It would be helpful system against money laundering and one tool to keep corruption in check.
904  Alternate cryptocurrencies / Altcoin Discussion / Re: 95% of NFTs have a market cap of zero on: October 03, 2023, 11:22:38 AM
Quote
One of the latest studies conducted regarding the NFT market found that 95% of NFT collections have a market capitalization of 0.

The unveiled reality of the NFT market: 95% of NFTs have a market cap of zero

The bearish market has been affecting the whole crypto industry downside, but regards NFT niche, it has been worst. Almost all NFTs have a market cap of zero, meaning investors and adopters have completely lost interest for them after so much hype and excitment we saw during the year of 2021.

Does it mean NFT is a scam sector of crypto market, or is their concept good, but the execution of the projects are wrecking everything? Is it still possible for NFTs to recover their credibility?
That's pretty good considered that if we compare those to launched fungible tokens, i am pretty curtain the number of failed projects with 0 marketcap is around 99.99 %.

And i don't think this is even whataboutism, because i am not arguing against the fact that most nfts are scam.
What i do want to ask is: why do we exclude non-fungible tokens from other cryptos, like we would like we would like to make an argument that non-fungibles are worse?

And before anyone argues that nfts don't have any use cases, 99% of launched fungible tokens/coins don't have any use cases, or have use cases copied from other tokens / coins. Or they claim to have an use case that's basically made up, fixing a problem that doesn't exist. Or they just want money for exit scam.
905  Other / Politics & Society / Re: Yes, The Biden Impeachment Hearing Presented Evidence Of Corruption — Lots Of It on: October 03, 2023, 11:06:17 AM
I am not going to give any clicks to those trash sites or anything containing healing crystals and spirits or other alternative truths as viable sources.

If you have any evidence about Joe  Biden, just quote them here with a sited source. You didn't provide any evidence so far. Implying something, or opponent's opinion about a person is not a proof. But then again i am not certain that proof is a concept you are familiar with.

Rep. Jasmine Crockett already summed the hypocrisy better than i ever could.
906  Economy / Economics / Re: Elon Musk and the fall of Twitter on: October 03, 2023, 10:29:04 AM
Well after 5 years there is a account called Satoshi that is now active on twitter again. There was rumors that Elon Musk was control of this twitter account.

But now the community notes say it is owned by Craig Wright. That is a person we dont trust in the crypto community and I do not want him to control it.

https://www.benzinga.com/markets/cryptocurrency/23/10/35039267/rumored-satoshi-nakamoto-account-reactivates-after-5-years-with-cryptic-message-for-bitcoi
He owns the company, account holders have no rights to their accounts anymore. So i have no doubt that musk would take the satoshi account if it would benefit him.

Take account @x for example. It was handle of, Gene X Hwang who owned and build it from the start of twitter. Musk replaced it with handle @x12345678998765 And obviously there was no compensation for that.

We don't know exactly who owns that account, but I think if Elon is really a fan of bitcoin then he should delete that account because it will cause a lot of misunderstanding in the bitcoin community.
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Elon was never fan of bitcoin, in fact he hardly understood it. You can pretty much see that from his tweets when he is confused about pow and wants doge to turn PoS. What he was fan of, was attention and praise of the crypto community. But what he was doing all along was just pure price manipulation, and it was just another playground for him to destroy.

Well Elon Musk has now fired more Twitter employees. This has come after the news of the EU saying Twitter has the most disinformation of all the social media.

https://www.theguardian.com/technology/2023/sep/28/elon-musk-ditches-x-twitter-election-integrity-team-key-votes-disinformation
He kicked the whole team because their manager liked a tweet calling him a f***ing Dips**t. Imagine that. I guess he wants to fund their legal fees against Musk because elon has promised to cover the legal fees of anyone getting cancelled because something they did on twitter.
907  Economy / Gambling discussion / Re: Getting paid on gambling accounts on: October 02, 2023, 05:57:52 PM
I made a mistake of getting paid for signature campaign in gambling platform accounts.
When I got my payment, I thought I would slowly increase the amount by about 5-10% before I initiate a withdrawal. But I quickly lost control of my emotions and ended up blowing the entire balance of my account. This happened more than once, it happened about 5 times as I received money from different sources.
It’s important for me to tell this story so that others don’t make the same mistake I did. This has been a huge life lesson in managing money and emotional self-discipline .
I stick on the weekly budget on that. But you really can't plan increasin the amount as that's not really up to you if it increases or not. It's about luck and you don't plan on luck. And trusting you would have luck is just, well, pointless. If you want to spend money, rather make a rule on how much can lose, instead of planning how much you need to win before quitting.
908  Economy / Gambling discussion / Re: Before you take sides on: October 02, 2023, 03:43:40 PM
We all know how people used to be protective when trying to explain how someone treated them badly, they always want to be the winner and if you are not smart you can fight the wrong war for them, later you will find out that they are the problem.

Gamblers are telling stories about how they got banned because they are winning too much, I will like to tell you not to believe everything people tell you, these stories typically have another side of the story, there is a high probability that these gamblers have broken some rules along the way.

For reputable casinos, banning players that have won a lot of money legally is bad for their business, the casinos knows that the word of the mouth spreads faster than anything, so I believe that a reputable casino do their strong research before they use their ban hammer.

Before you take sides with gamblers claiming they get banned for winning too much, remember that casinos are good at monitoring and preventing fraudulent behaviors, you break some rules you are out, and no cheater want to admit that they cheat.
Exactly the point what i was making about claims of Dana White 2 days ago.

It's the human nature to rather make yourself the victim, rather then identifying as a person who knowingly did a bad thing. For example everyone knows a person who has being sexually assaulted, but no one seems to have any perpetrators as friends, even though that not knowing any is statistically quite impossible.

Being a victim goes for some reason with the gambling as well, it's always everyone else to blame. Either casino has a glitch and you lose money or if you get kicked because of inappropriate behaviour, you are so shamed that you rather make up stories.

So we don't hear as much confessions of bad behavior as much as excuses and lies, and those are even easier to believe from someone you respect.
909  Economy / Gambling discussion / Re: Lets discuss Poker on: October 02, 2023, 03:35:05 PM
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Also let's share our experiences about Poker and tips/tricks which may help further improve our game.
I am not sure if there are any tricks or tips to it as every game is different, but i guess one would be that in the tournament, don't try to play/see every hand. And with good hands play aggressively enough to see how your opponents react. And sometimes the reason would be just to see what others are holding and taking notes on how do they bet on those cards.

As my stack size grows, i am playing more aggressively and try to control the table. Not arrogantly enough for others to play me out, but way more higher bets. I often try to get a read from other players when playing live, but that takes more intuition. It doesn't involve much tricks. Except keeping a poker face, which can be a lot of different things in different situations. Basically making your opponents think that you either don't know what you are doing. But yeah. That can't really be taught i think.
910  Economy / Gambling discussion / Re: Educate yourself to be a frugal gambler on: October 02, 2023, 03:17:03 PM
I have witnessed the horrors of people who blow their kids college funds and life savings on gambling at a Casino. Don't be one of these people.
That is stupidity.
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One would call such a person stupid yeah, and irresponsible, but addiction has nothing to do with being stupid. In fact addicts have often high IQ. Some people just have better control over their impulses, while others are just stuck with their dopamine reward system. That can make people act irresponsibly. Combine that with untreated ADHD for example and you have potential future criminal in your hands.

And i am not taking away anyone's responsiblity of acting this way as adults they are responsible no matter the cause or what i think. But if we don't treat the cause, and just blame someone for being stupid, we shall have way more stupid acts like this in the future.
911  Alternate cryptocurrencies / Altcoin Discussion / Re: Kaspa - thoughts? on: October 02, 2023, 02:59:09 PM
It's hyped because it's near ATH again.

It has increased in value by 100 times, and moreover, it uses a simple Proof of Work mechanism without anything special to make it a better project than Proof of Stake (POS) to achieve a market capitalization of 100 billion dollars is really challenging.
The fact that something has grown 100x already is a horrible selling point. And imho it has way overvalued marketcap for current market conditions.

And if something is PoW doesn't make it automatically suprerior to some other cryptographic proof. Or are you saying most of the dead PoW projects with one pseudonymous developer that lasted maybe week and had handful of miners back in 2014 were better than ethereum 2.0 for example? Substance for Kaspa comes from development, not from the consensus mechanism.

912  Economy / Gambling discussion / Re: Violence and anger could be a sign of gambling addiction in youths on: October 01, 2023, 09:46:50 PM
That topic is a stretch. Sure, gambling addiction can cause all sorts of problems in behavior, but so can every other addiction so my first thought when i see violence and anger wouldn't be that they must be gambling.

What you are talking about is an addiction. And there are ways to combat that. Persons who are more susceptible to addictions shouldn't try to gamble without an exit plan. Sadly people with problems rarely admit that they have a problem and usually they need to hear that from someone else before they spend all of their money. I am glad that you have found the negative aspects of it, but i don't see preventing others to gamble being a viable, or any kind of solution. To most of us it's just fun pastime.
913  Economy / Trading Discussion / Re: Is a 20% Annual Return good ? on: October 01, 2023, 09:30:16 PM
With my experience in the cryptocurrency market, I decided to develop a short-term Bitcoin spot trading strategy using the TradingView platform and its strategy programming tool. I managed to create a strategy that yields an average annual return of 20% according to backtesting. My question is, is this return acceptable, or in your opinion, what would be an acceptable or good return?
Acceptable to me, yes, acceptable to most people, yes. But only thing counts that is it acceptable to yourself. Anything that isn't taking bag down with the bear market is excellent results. On the other hand, with the bull market, if you are doing worse returns then just holding... Well results are obvious just by comparison, right?

But i have to say that you are setting bar pretty low with only 20% gains.
914  Economy / Trading Discussion / Re: FTX Claim deadline Sept 29 2023 on: October 01, 2023, 09:19:33 PM
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Does anyone know what this means? I would KYC if I knew 100% I would get back at least 50% of my funds. If in 5 years, all I get is 10% then they can just keep it and not going to bother with this.
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I actually think lot's of people could think this way, meaning that huge amount of people won't even bother with the process. And that would mean there's more to share with people who remained and tried to reclaim their coins. If i had anything in and big enough bag of money i wanted bag, i would definitely do KYC. If you are not avoiding tax man, i don't frankly get why wouldn't people go for it. Hard like KYCs unavoidable in the future in cexes anyway.
915  Economy / Gambling discussion / Re: Answer this Question on Credits Left on a Slot Machine by Someone Else on: October 01, 2023, 09:09:39 PM
There is a general rule in land based casinos that a gambler shouldn't take credits left on a slot machine by someone else. Basically, from what I understand, if there is still credit showing on a slot machine. Don't cash out or add to your money you put into the machine. Right? The question is if you find a cash out voucher resting on the machine itself or on the seat, can you legally use it?
Legally and technically they are not yours to play, but common sense says, that it wouldn't be practical to leave those coins in. If everyone thought that would be a way to go, no one could even play that machine with their own coins before those left in coins are used. And in reality there's no one in the world going to make you pay back those coins. It's just a minor morality issue where's no right answer. I myself have played those coins multiple times, because no one leaves even $5 in. It's always in cents.

And if you are feeling guilty, you can always leave that amount of credits in after you stop playing.
916  Alternate cryptocurrencies / Altcoin Discussion / Re: Only good coins are listed on top exchange? on: September 30, 2023, 10:13:41 PM
No way Roll Eyes
The listing fees of the best exchanges are huge, so any project can be listed for money and it is not the best coin for that.
Moreover one should not rush to invest after seeing the listing on a good exchange because the development of the project will be more dependent on an investor.

There are many coins that get delisted from good exchanges because their volume decreases and investors decrease, the main reason being poor development progress.
I guess it all comes to the definition of what do you see as a "good coin". Most good coins have raised enough money to get listed, and they peak the interest of the people, who are deciding who can list and whom can not.

But obviously it's not a mark of a "good coin" to get listed on top exchanges. Even bitconnect was listed on them, while most of the people saw right trough that. Same as LUNA, and tokens can have worst possoble fundamentals while no one can see the flaws, just like with FTX, which as well was listed to top exchanges. And there were numerous others during my years in crypto. And i can remember just a fraction of them.
917  Economy / Gambling discussion / Re: Ban from a Casino for Nothing Other Than Winning Too Much Money on: September 30, 2023, 09:55:23 PM
Let's take a moment to think about this and tell me if I am correct. All of the people whom I have observed getting banned from gambling at casinos by the casino management, aside from misconduct and other offenses, are individuals who keep winning significant amounts of money. For instance, consider Dana White.  
Quote
He has been prohibited from playing at some of the city’s best casinos, including the Wynn and the Palms, due to his high-stakes gambling habits.  The UFC president is an avid gambler who has won substantial sums of money while spending hours at the tables in his chosen state of Nevada. But after some of his spectacular winning streaks, large hotel and casino locations like the Wynn have previously given him trouble. https://www.insidesport.in/accused-of-bankrupting-hotel-dana-white-explains-getting-banned-racking-up/#:~:text=He%20has%20been%20prohibited%20from,his%20chosen%20state%20of%20Nevada.

The way I perceive it is that if a person who is not cheating or engaging in illegal gambling activities consistently wins, the casino is highly likely to ban that person, just as they did with Dana White.
Weird that all i see is Dana White's side of the story. Decent news site would definitely like to confirm the casino's side, on the reason why he was banned, because that could differ very much from that.

I mean it's plausible he got kicked from that, but most of the times when people get banned from casinos or any other places, the real reason for it wouldn't make the person look as cool as "he was winning too much". Which i would totally say if someone asked why did i get kicked out from a casino. Not because i was harassing anyone or drank too much.
918  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Thoughts on G1X? (Arbitrum) on: September 30, 2023, 09:42:31 PM
Anyone know anything about G1x? Can’t find any information on Google.
I’m only minting gemstones b/c I’m digging the concept & the focus on decentralization.. plus, they are dirt cheap. Anyone with smart contract experience willing to verify the burning mechanism and do a quick audit?

Will send 200 (totally illiquid) SDX tokens for anyone who can provide useful info on the project’s contract.

https://arbiscan.io/address/0x3aede23609a22bf4e0ba6986d1302a7088de2eb7

https://g1x.xyz/
So you are offering 200 G1x with total worth of $0.08?

Web page looks like a scam. It has an option to connect your wallet has a high change of containing inferno drainer. I am not sure why the token contract is important to you, if last tx of that token was over 2 months ago. It's a dead project. Changes are that it was a scam like most of them.
919  Alternate cryptocurrencies / Altcoin Discussion / Re: StarshipDoge is the next Shiba Inu! on: September 29, 2023, 09:46:50 PM
StarshipDoge is the next Shiba Inu! It's still very early! Marketcap 20k! The contract is renounced and the liquidity is locked for 100 years! Additionally, StarshipDoge is a deflatonist. 3% of each transaction is automatically burned! Don't miss the train!
CA: 0x67e4cfd91e4baa4a6794c7974fec892247b26d3c
 
Coinmarkercap link: https://coinmarketcap.com/currencies/starship-doge/
Telegram: https://t.me/starshipdogegroup
Twitter: https://twitter.com/starshipdoge_of
PancakeSwap: https://pancakeswap.finance/swap?outputCurrency=0x67e4CFD91E4bAa4A6794c7974FeC892247B26D3C
Website: https://tokenstarship.com/
This is so bad. I remember when it used to need at least 2 cexes to list on coinmarketcap. These days anything flies i suppose. And in cmc it says that Circulating supply is 0 STARSHIPDOGE, and chart made me laugh out loud. I would like to say that this is worst i've seen this year, but sadly there has been worse attempts. And at least with meme coins they are not blatantly lying about what they are building. Because they are obviously doing nothing.
920  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum OG (ICO participants) on: September 29, 2023, 11:08:22 AM
Are those who joined the Ethereum ICO technical people? How were you able to join? What was the experience back then? Did you mine ETH? Did you participate in the launch by running a node? I'm curious to know as my friends talked a lot about recently and you are so lucky back then i think.
Only skill you needed was to send bitcoin, i mean there weren't smart contracts or anything like that to join in with. ETH was purely on the paper when the ico happened and if i recall correctly you could make an account to web page and buy your share of it with bitcoin, as that was the common way in those days.

You just needed to trust the person/team you send your money to. Showing dev's real identity wasn't common, so it required even more blind trust on the project.

What you got was pre-mined coins. And after Ethereum went live, you could mine it.
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