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901  Bitcoin / Bitcoin Discussion / Re: [JUST IN] Grayscale wins lawsuit against the SEC on: August 30, 2023, 05:27:33 AM
They say, "sometimes you win a battle or two, but you lose the war" and this is very applicable with the SEC. We know how vindictive and biased they can be, just look what happened to the Bankers during the previous financial crisis.  Roll Eyes

This small victory might even make things worst, because they might now have a vendetta against Grayscale for winning this lawsuit and even just for them being taken to court.  Roll Eyes
902  Bitcoin / Bitcoin Discussion / Re: No Electric Supply to Bitcoin Mining Operations in Laos on: August 30, 2023, 05:20:20 AM
There are actually nothing wrong with this, because the government allowed Bitcoin mining operations to use excess electricity that was generated in the rainy days and now the weather have changed and there are no extra energy that can be used for Bitcoin mining.

The government's first priority are to provide electricity for domestic and industrial use and we all know Bitcoin mining takes a lot of electricity, so it is just a good decision to stop it.  Tongue
903  Economy / Economics / Re: BRICS has become eleven countries instead of five. on: August 29, 2023, 06:27:36 AM
I think a lot of people are making too much of the BRICS summit. They clearly said that they wanted to strengthen trade agreements between the member countries and if a "new" currency are developed.... it will merely be used to make transactions easier between these countries.

The "West" has used international payment systems as a political tool to force certain countries to adhere to their commands. (sanctions and blocking SWIFT or VISA payments and even blocking transfers from targeted individuals)

In the meantime ....those countries are going to use their local currencies more to strengthen their own economies and not just the US or the UK ..... or the European currencies.  Roll Eyes 
904  Economy / Gambling discussion / Re: Do the size and frequency of online casino winnings depend on the time of year? on: August 29, 2023, 06:18:18 AM
The outcome of all bets are based on a Client Seed and a Server Seed and also a RNG (Random number Generator) ....so NO, it cannot be based on "time" ....if only those things are involved.

It might be that you are betting on Sport and that more Sport are played during those times or that you are playing and that the casino adjusted the RTP during those times.. for people to win more. (which I seriously doubt)  Roll Eyes Roll Eyes Roll Eyes
905  Economy / Gambling / Re: Stake.com - The Leading Crypto Casino - Drake, UFC, Everton, Alfa Romeo F1 Team on: August 29, 2023, 05:58:16 AM

@BitcoinHunt3r there’s definitely more to this case because sports book earn from gamblers and they would not want to upset them unless they’re doing something that’s raising suspicion and the best way to resolve it is to reach out to the support and offer any proof needed to reverse this limit scenario.

Before limit, all I did is betting on 1.01 odds. For example on other bookies, odd is 1.001/1.002 , I bet on 1.01 at Stake. Even before that I can't bet more than 2-3 000 USD even on top events and sports. That's why I don't trust their screenshots with million betting...

Even now - Plat 3 and I still manage when there are big soccer leagues to get ~30-35 USD weekly and 150-180 monthly.

That is a strategy bound to fail in the long time also. Maybe you got lucky right now, but you only need 1 loss to loose a lot of money (tried it in the past also and had some losses even when it is a « safe bet ». Drake bets sometimes millions of dollar and I don’t think it is being photoshopped.

Yes, I also thought the 1.01 odds bets are safe, until I lost a significant amount on a game that was a major upset. I have a lot of knowledge on that specific Sport and I thought my team would never lose, but it was not their day.... and they were beaten. (Example : The Rugby game between the All Blacks and South Africa .... who would guess that the All Blacks would almost lose with a 50 point difference)

The one big loss destroyed all the profits that I made with all my "safe" bets that I made in the past.  Roll Eyes Roll Eyes
906  Bitcoin / Press / Re: [2023-08-22] Bitcoin Mining Startup Raises $13 Million to Turn Trash Into BTC on: August 29, 2023, 05:41:52 AM
~snip~
Now burning methane gas to produce electricity, might not be the most environment friendly option, but it is released into the air in any way.. so why should we not use it?

Perhaps because we should not give additional arguments to those who use it to portray Bitcoin as one of the great threats to our environment, no matter how meaningless it is if we take into account the facts from all relevant research. Those who mine BTC of course do it for profit, but I believe that they should always strive to use clean and renewable energy sources, although even these energy sources are not something that does not leave an impact on the environment.

The less oil, methane, coal and similar fuels associated with Bitcoin, the better for all of us in the long run.

If the goal is environmentally friendly mining, everyone should be using nuclear. 

As far as this goes, it seems better to be using methane that would just be dumped into the atmosphere to offset some other power source than to just dump it.

Nuclear power might be more environmentally friendly, until something goes wrong..... just look at the Fukushima and the Chernobyl nuclear disasters... to name but a few.

You cannot actually "dump" methane gas... it is released as a natural process from these garbage dumps and it goes into the atmosphere. (like your body produce a fart)  Grin Grin ..... so this company found a way to use this and to generate electricity and then use that electricity to mine bitcoins.  Wink
907  Bitcoin / Bitcoin Discussion / Re: We need to understand bitcoin and wallets before investing on: August 29, 2023, 05:31:34 AM
Yes, it is very important for people to do research on everything ....before they invest in it... not just Bitcoin. Let's take a simple example :

There are currently Ponzi schemes doing the rounds, where Bitcoin are used as a payment option. People invest in these Ponzi schemes ..thinking that they are invested in Bitcoin... and when these Ponzi schemes collapse, then they blame Bitcoin.  Roll Eyes

The same thing happens when people sell their bitcoins too early.... they make small profits or a loss.... and they blame Bitcoin for their poor decisions, based on very little market research.   Tongue
908  Bitcoin / Wallet software / Re: Does it make sense to have mobile wallet + desktop wallet from same brand? on: August 28, 2023, 07:07:24 AM
I would personally not do that....

A single hack can basically ruin you, if you have a lot of coins in the "single" wallet. I like to have the majority of my "hoard" in hardware wallets or Paper wallets for long-term storage and then only a small amount of coins on my desktop wallet and my mobile phone.

They cannot take out all my coins in a single hack, because I split the risk into cold storage and then also small amounts on the hot wallets. I am a bit over cautious, so this strategy works for me...  Wink
909  Bitcoin / Development & Technical Discussion / Re: New Testnet Faucet (tBTC, tBCH, tLTC, tDOGE, tDGB)! Testnet-Faucet.com! on: August 28, 2023, 07:00:05 AM
Testnet Bitcoin is now active on the faucet!

From what I see the faucet is already dry. This means that you either were too generous, either somebody has already abused your faucet.
Quite sad...
Good points, but what actually happened was the faucet was dry to begin with as I'm trying to mine and get some tBTC for the faucet lol

Currently I have it so you can claim 0.001-0.0125 tBTC/hour when the faucet isn't dry!

I am just curious.... How is this rewarding for you, if you have to spend "resources" to mine these coins? Are you doing this as part of your testing or just as a service to the community or are you funding it from something else? (surely Ads do not cover all your expenses)

In any way, thank you for this service... it is nice to play with... seeing that most other faucets are gone or they give almost nothing at all. The best one that I actually know ..is freebitco.in and it only gives "dust". (something like 50 satoshi)  Roll Eyes
910  Economy / Gambling / Re: Empire.io | Free Payouts, VPN-Friendly, Relaxed KYC & 1 BTC bonus! on: August 28, 2023, 06:53:04 AM
I hope this is not the same strategy that are used by most Crypto gambling sites, where they bait you into joining.. because they have relaxed KYC requirements, but as soon as you win something big.... then they slap you with the full verification process.  Roll Eyes

A lot of the new casinos start out by having "relaxed" KYC requirements, but as soon as they feel that they have acquired enough gamblers.. then they go full KYC.  Tongue
911  Economy / Economics / Re: Increase in stable coins adoption might just be the key to crpyto dominance. on: August 28, 2023, 06:46:45 AM
The thing about stablecoins is this.... it was developed to mimic fiat currencies and that is it's ultimate downfall. Other Crypto coins have good volatility and that help people to make good profits, if they use Crypto currency as an investment. (A lot of them even beat inflation)

The stablecoins are used to park money, when there are too much volatility and that does not increase it's utility. There are also more benefits to other Crypto currencies, like Smart contracts and side chain developments.
912  Bitcoin / Bitcoin Discussion / Re: Here is a tight slap to bitcoin haters on: August 28, 2023, 06:24:51 AM
The "Bitcoin is Dead" narrative are pushed from "controlled" media..... and it is basically driven by Bitcoin's competition. The powerful people behind these media groups does not want Bitcoin to succeed, so they use the media to publish FUD articles to scare people.

That sites is as old as the mountains, but it is still a "golden oldie" and still very applicable to this day. The trolls and competitors and haters should all be redirected to that site, when they go onto social media.  Roll Eyes
913  Economy / Gambling discussion / Re: China crackdown against gambling streaming on: August 27, 2023, 09:54:54 AM
Everyone thought that Bitcoin mining would collapse after the Chinese government effectively banned Bitcoin mining in China and it did not happen.  Roll Eyes The Chinese citizens found alternative ways to continue mining, even if it caused them to relocate to other countries.  Grin

We also know that the Chinese citizens are very clever citizens and a firewall are not stopping the things that are banned in their country. People find ways to circumvent these measures, without the government knowing it.

The positive thing is... if they relocate to another country, then their taxes will go to another government, where it is allowed. (They can gather coins and take gambling holidays in countries where it is not banned)  Grin Grin Grin
914  Economy / Gambling / Re: Concept of Halal Casino on: August 27, 2023, 09:42:55 AM
I do not think this is in any way related to gambling, but rather a subtle way to spread information about the Muslim religion and how they should practice their religion.

The Muslim religion does not allow their followers to gamble, so those people should not even hang out in a gambling section of this forum. If they need answers, they must go find it in their Quran or their religious leaders.  Roll Eyes 

Let's just talk about gambling here...  Wink
915  Bitcoin / Bitcoin Discussion / Re: invest what you can loss. on: August 27, 2023, 09:32:05 AM
We repeat this like a mantra on this forum and to our family and friends... but nobody listen. The moment when they buy coins with money that they cannot afford, then they need that money and have to sell prematurely and that is when they occur losses.

You have to "time" the market to sell exactly at the right price to maximize your profits, if you are forced to sell before that time... then you have to expect that you are going to have losses or a very small profit.

The people who do this..... blame Bitcoin for their losses or small profits and they turn into haters.  Roll Eyes
916  Bitcoin / Press / Re: [2023-08-22] Bitcoin Mining Startup Raises $13 Million to Turn Trash Into BTC on: August 26, 2023, 04:44:56 PM
~snip~
Now burning methane gas to produce electricity, might not be the most environment friendly option, but it is released into the air in any way.. so why should we not use it?

Perhaps because we should not give additional arguments to those who use it to portray Bitcoin as one of the great threats to our environment, no matter how meaningless it is if we take into account the facts from all relevant research. Those who mine BTC of course do it for profit, but I believe that they should always strive to use clean and renewable energy sources, although even these energy sources are not something that does not leave an impact on the environment.

The less oil, methane, coal and similar fuels associated with Bitcoin, the better for all of us in the long run.

Well, the methane gas that are being produced are going into the atmosphere and it is going to waste. If you can use that to generate electricity and that is more environmental friendly than burning coal or in some cases Diesel generators.... then that is a positive thing.

I think they said that they are not allowed to push that electricity back into the grid for some reason, so they are using it on-site to power their Bitcoin miners.... so they are using an alternative power source to mine.... and that is a positive thing.  Wink
917  Economy / Economics / Re: Having a problem a Personal Finance? on: August 26, 2023, 04:39:05 PM
I think one of the biggest mistakes people are making is to forget to adjust their budget according to inflation. They get below inflation increases every year and then they keep on spending at the same rate.

They also do not make provision for inflation in their savings.. so they draw too much from their savings and that quickly reduce those savings and it eats into their capital. (Always try to invest into something that gives you more than inflation)  Wink
918  Economy / Gambling discussion / Re: What micro games is best for you? on: August 26, 2023, 04:32:24 PM
I like to play original games like "Tome of Life" and "Scarab Spin" on Stake.com, when my gambling budget is low.... I seldom win anything note worthy when I play them, but it keeps me entertained for hours.

I also have a "Crash" & "Dice" combo strategy... where "Crash" is the feeder and "Dice" is the tool for wagering. It is a high risk strategy, but most of the time it pays... and I can wager for a few hours.  Grin Grin Grin
919  Bitcoin / Bitcoin Discussion / Re: I think we need to start asking people if...... on: August 26, 2023, 04:19:54 PM
That is exactly what I did at work....

I asked them if they were willing to give 15% of my salary in Bitcoin (because that was what I usually converted myself) and they agreed. Then I went around and asked a few food merchants in our area, if they accepted Bitcoin and three of them did.

Now, I get bitcoins as part of my salary and I spend some of it on food for lunch. It is so satisfying to oil the system and to keep Bitcoin going by spending bitcoins.. and not just hoarding it.  Cheesy Cheesy Cheesy
920  Economy / Economics / Re: People keep talking how weak dollar and how bad usa economy getting on: August 25, 2023, 07:48:24 AM
I think the USA and some of the western countries are going to receive some push back from the BRICS countries, because BRICS are growing and more countries are joining it.

The USA are not the only country in the world that were affected by the impact of the war between Russia and the Ukraine. The Covid pandemic started a global meltdown in the economy of all the countries....and the war just made things worst.  Tongue
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