The moment when you deal with Fiat or any tool that are provided by a Bank, like a debit card.. then you have to convert that Fiat to Bitcoin.. by dealing with a third party. In most cases people make use of an Crypto currency Exchange and when you register at an Exchange.. they link your account with a wallet. (So you get a wallet and you link that wallet with your Bank account) The other way to do this is to create a Paper wallet and then to withdraw cash or do a transfer from your account to someone else's account to buy bitcoins from them directly.
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There are a lot of education going around on all things Bitcoin, but people are more willing to listen to the FUD that are being spread by the haters. I have seen several highly educated people, talking nonsense about Bitcoin... without even doing the most basic research on the subject. Bitcoin are not for those people that think that they are too "clever" for this technology or for the people that are too lazy to do the most basic research. We need open-minded people that are innovative and willing to learn.... those are the kind of people that are Bitcoiners... not speculating sheep that embrace the norm.
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You have to go to Africa, if you want to see digital payments in action. I saw 1000s of people in rural areas using centralized payment options like M-Pesa and the informal markets are flourishing. Yes..... communication networks are slacking, but Cellphone networks are quite established and alternative networks are being developed all the time. The thing is...... electricity networks go hand in hand with communication networks, so it must be developed at the same time.
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I think Eddie said in a Stream where they interviewed him that a bunch of people invested as a group to create Stake.com and also into Kick.com, so there might be a round 2 ... but they are making a sh1tload of money with Stake and that is funding the fast growth of Kick.com I think his main focus now is to boost Kick and I also predict that Stake.com will be sold in the future. (He said Kick.com will dwarf Stake.com in the future.... so he is really pushing it all into Kick now) Stake.com is a money machine so maybe he will sell it? Stake.com distributes millions dollars every week to its users I'm sure stake.com will get more while kick.com I don't know how to make more money, I think they will run both together I mean complementary each other Kick.com will still be used for promotion By the way there is nothing special at the birthday celebration except 10 million races, as a little gambler we can only watch @Kakmakr I believe that after a certain stage people do sell their platform’s but as and when Stake is sold it’ll be sold for a surreal price and I hope that the new owners can maintain the good performances that the current team is managing to do. @zuzie I wasn’t even aware of Kick.com but when I open the site I’m confused because it’s a livestream site rather then a gambling site so is Stake team moving away from gambling if yes I hope that they’ll give their user’s a month or two notice before they’re sold. I don't think stake.com will be sold. Quite often we were able to see good platforms making themselves more popular and then sell it. This keeps the owners clean and lets them concentrate on different other businesses. In recent years more gambling platforms with cryptocurrency have closed their businesses and moved to other businesses and none have sold it to new owners. Let's be real for some moment here... Stake's expenses are rising constantly .... I think they are paying something like $11 000 000 per Week for the Weekly Bonus. They are also now helping to pay for Kick.com ($100 000 000 to acquire one popular Streamer) They have a VIP system, where players are constantly going up in ranks.... so the expenses are just going higher. At some stage.... this is going to be hard to fund this. Eddie saw the potential in Kick, when Twitch started to ban gambling content.... so he jumped onto it... so Kick can be a much bigger money spinner, if they can reach the same level as Twitch. My prediction.... The VIP program and the bonuses will get constant tweaks to make it more affordable for Stake and less advantageous for the players. (Example : Hosts being tuned for the VIPs / Wagering focused on activities that takes the most money back...)
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The old saying of "Death and taxes" comes to mind, when I see questions like this. Let's say he has several bitcoins and he just use those bitcoins to buy goods and pay for services, then the merchant accepting it, will have to dox him, when the audit is done by the tax authorities. So you can do direct payments without converting it to Fiat.. but it leaves a paper trail and that is what the tax authorities needs to ask the right questions, when they audit him.
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I like simplicity.... almost zero effort ...and lots of profits. So, if you have to compare the two investment options... then real estate is one of the most complicated investments that an individual can get into. Just making the decision where to buy to garantee a steady rental income or a profit when you sell it...are riddled with complexity. Property investment can also quickly backfire, when you pick the wrong area or the wrong property. You also need a lot of experience to do it the correct way.... but Bitcoin is easy, because you buy low and wait..... wait ..wait... until you can sell at a higher price.
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We should not "preach" to people as if Bitcoin is some kind of religion or some kind of cult. Bitcoin is simply an alternative "Currency" or "Commodity" ...based on the way you intend on using it. Your goal should be to tell people about it... and then leave them to see the whole picture.... if you do it aggressively, red flags will go up with people... because scammers market aggressively. Show them the technology and give them advice and guide them to try it.... then leave them to decide if they like it.
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Well, we all know the saying that says ==> "The house always wins" ... and that is true for any bet size or balance that you are using to gamble. I have tried betting small amounts and building it with every Jackpot that I hit and I have tried betting high amounts and gradually reducing the bet size, but no matter what strategy I use... my balance eventually turn to zero. You might have perceived that a higher betting balance gives you better results, but I think it just extends the inevitable outcome... which is a zero balance. (A higher bet size just takes longer) I guess it still depends on your skills, knowledge, and luck overall when it comes to betting and playing. If you aren't really going to take your plays with seriousness just because you won during the initial stages, then most likely you'll lose your fund due to being complacent. Additionally, if you will be greedy about the winnings, you'll likely lose the prizes you accumulated too because you will chase the money based on your emotions that is a tricky situation. Setting boundaries the moment you won is a good idea to prevent having the zero balance after several wins. There are no "skills / knowledge and luck that comes into play, when it comes to the long-term outcome of gambling. It is quite simple.... either you stop when you are ahead and you quit.... or you accept the fact that you are going to lose everything in the end.... and you just enjoy the ride while you are doing it. You just need to understand the math behind all of this and ignore the bells and the bright colors .... to see how it work. Gamble for fun and you are the winner.... gamble for profit and you are the loser.
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Will there ever be a way for people to invest in Stake? I think the growth of Stake and their investments into Kick.com make them an extremely attractive investment, but I don’t know if any way to get some skin in the game. Will there ever be a private placement investment program or maybe a way to invest in the bankroll?
I think Eddie said in a Stream where they interviewed him that a bunch of people invested as a group to create Stake.com and also into Kick.com, so there might be a round 2 ... but they are making a sh1tload of money with Stake and that is funding the fast growth of Kick.com I think his main focus now is to boost Kick and I also predict that Stake.com will be sold in the future. (He said Kick.com will dwarf Stake.com in the future.... so he is really pushing it all into Kick now)
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There are a lot more things that people do not understand about the problems in the Fiat monetary system, namely : ~ The manipulation of the inflation basket ~ The deflationary and devaluation of all Fiat currencies ~ The risks involved with centralized control over people's wealth by Banks and governments ~ The false sense of security that a signature on a Bank note gives you as the holder of that money. ~ That most Fiat "money" are digital entries in centralized databases. People do not acquire the knowledge about these things and they are oblivious to the threats and risks that it is posing to their wealth. They blindly trust their governments and their Banks..... and it will cost them, if they fail.
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I think this is just a human instinct that were carried over from the stone ages. Most people live in a constant state of survival, barely being able to pay all their expenses... then suddenly they get some luck and they are elevated to a stage in their live, where they do not have to worry about those things.
It is just natural for them, after fighting for such a long time to survive... to go into a protective mode. Family and friends suddenly become a threat, because they are seen as being reckless and a threat to the nest egg that secures that elevated level of living.
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I can understand the pessimism from a lot of the people that replied to your thread. Most people know there are always some catch behind any free money that are offered, so they immediately go onto the offensive mode. The sharing of referral links are not allowed on Bitcointalk.org ....but your link looks more like a bonus code and not a referral, which is confusing a lot of people. (It will not be the first time that someone tried to hide a referral farming effort... so I hope you are not attempting that, because you will face penalties if you do) In any way... if you are legit, then I thank you for your effort and the free exposure to this site.
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Well, it is actually very easy to do this on your own. You can put the secret passphrases and/or Private keys in a time capsule and bury or hide it in a place that only your family members will be able to find it. Then you leave clues to your treasure with someone you trust or a lawyer (break it up in 2 or 3 templates that can only work if all parts fit together) Once you are gone.... they can get the pieces together and solve the quest to find your coins. (The clues must be something that more than 3 people would be able to know about you) A lawyer only has one part of the template and the other people only their pieces... so they cannot do anything without the full treasure map.
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I think this is a better solution to run your own Electrum Server, because we saw the exploit that happened a while ago, where people re-directed users to phishing servers and they lost some coins. (Yea, I know they fixed this... but that was after it happened) The thing is.... how many people are willing to sacrifice the resources for doing a couple of transactions a year? There are also a steep learning curve to maintain and secure it. (Besides the ordinary Joe public, I love this sort of thing.... so thank you for posting it)
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All the stable coins and Alt coins with centralized decision makers are simply a Crypto facelift for Fiat based financial institutions. The moment when an individual or a small group of people can flip a switch and have full control over your tokens, then it is not financial freedom anymore. The real deal require mass consensus from mostly pseudo anonymous entities ...and there should be a shitload of them. Not one mining pool with a lot of hashing power... but the majority of them. (Bitcoin was developed to protect it's own interest.... so people will not make any decisions that will harm themselves)
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I think wagering is just a subtle way for casinos to get back the money that they pay out in rewards. People never wager with 3rd party Slots because the RTP will quickly clean out their balance... but the in-house games with the good RTP are similar to slow boiling a frog in a pot. Take DICE on Stake.com as an example ... Put it on a 1.0102x Multiplier with a Roll Over of 2 that will give you a Win Chance of 98% .... and then spin say 10 000 x $0.30 bets. (Enable Live Stats and see how slowly it will drain your balance) ......that is wagering and you are slowly boiling like a frog.
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I think actions like that, triggers KYC verification..... so the best way to prevent that, is to stay on the platform and to withdraw smaller amounts. Just keep playing small amounts constantly and withdraw small amounts occasionally. If there is one thing that casinos hate most, it is players withdrawing large amounts of money .... no matter if it is after a huge win. They will spin that "KYC" nonsense... but it is just delay tactics to get you to stay longer and to gamble it back into their bankroll.
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The people who lose everything are just greedy and trigger happy.... I had friends who knew nothing about Bitcoin and they rushed into the first thing that had "Bitcoin" in their pitch. Unfortunately some of these investments were Ponzi schemes that promised huge profits. They did not think twice.. or did any research, including asking me if it was the real deal... so they lost a large amount of money being greedy. When you buy & Sell Bitcoin you have to be patient.... it is not a "Get rich quick scheme" or something that gives you a constant passive income. You simply buy low..... wait for a rise in the price ...and sell at a ATH.
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I have been in the IT industry for many years and one thing I know is that nothing last forever. Just look at what are happening in the cellphone industry. (Every year new cellphones hit the market with improved features and before you know it, then the latest technology of the year before ..are outdated the year after that) The Alt coin spinoff from Bitcoin are a typical example of how Crypto currencies are evolving. Bitcoin was once the only option and now we have 1000s of Alt coins in the Crypto currency market.
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Well, if you asking this in terms of the Bitcoin market.... then there are loads of potential profitable opportunities. This technology are still relatively new and people are still finding very innovative applications for Bitcoin in the market. You can only look at the limitless opportunities in the decentralized payment options to see what can be done to improve it. Bitcoin can change a lot of industries, if it is allowed as legal tender, but governments are blocking it by defining it as a commodity.
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