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May 14, 2024, 03:19:24 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
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1  Bitcoin / Bitcoin Discussion / Re: Tesla may once again accept bitcoin payments whether this is capital snobbery or on: May 13, 2024, 07:50:24 PM
Even a Doge founder did not support speculation behind the coin and what Musk did with it was purely speculative. He's a well known guy with many followers and used that influence to make money. What he did to bitcoin is in fact forbidden with stocks, but he did not go to jail because cryptocurrencies are largely unregulated and his whole pump and dump happened when SEC was still thinking if it's a commodity or a security.

Personally, I'm not going to ever buy a Tesla, so I don't care if they accept bitcoin or not. I'd feel better if people like Musk stopped scamming people and lying about bitcoin's environmental impact.
2  Bitcoin / Bitcoin Discussion / Re: Bitcoin Pizza Day 2024 on: May 13, 2024, 07:36:11 PM
well... i'm ordering a pizza obviously.
and the next day, for the eth etf approval, i'll celebrate by ordering another one.  Grin

and on the 24th, i'll do two hours of cardio

What ETH etf?

Last time I checked ETH was a security and the SEC was supposed to go after its developers. Joe Lubin isn't very happy about it Wink
Eth has been dumping for a while now and it seems like people aren't convinced that there will be such ETF this year.

IMO proof of stake sucks it basically allows people who have a lot of money in ETH to get more for free.
3  Economy / Gambling discussion / Re: Where Will It Go If The Money Comes From Illegal Source on: May 10, 2024, 07:27:04 PM
The way I see it, the casino needs hard proof that the money is from an illegal source and in such case they have the right to hold it and contact the police, but...

In case of cryptocurrencies it's not that clear. How can you know if the money is clean or not. Let's say you buy bitcoin from someone, or someone pays you for a job. He got that money from an illegal source, like a ponzi scheme or theft, but you cannot check it. You bought it and tried to gamble with it and it got confiscated - why? The ethical way to approach this would be for the police to contact you asking where you got the money from and then going after the guy who sold it to you and taking his money (the money you paid him for cryptocurrency) as a compensation to the victims. They shouldn't take what you legally bought from him because you are also a victim.
4  Economy / Gambling discussion / Re: What you think about Casinos rewards? on: May 10, 2024, 07:14:38 PM
To e honest, I don't look for new casinos. I don't research these bonuses because I almost never look for new places to gamble. I find it tiresome and I don't have time to do all of this, especially since I gamble from time to time.

These bonuses are rarely worth it anyway, especially the ones where you level up to get some of your money back. You'd have to gable for years to level up and since you need to wager a bag of money, the bonus isn't going to make you feel any better.
5  Bitcoin / Bitcoin Discussion / Re: Share your top mistakes in crypto - learning from others experiences! on: May 10, 2024, 07:06:09 PM
My biggest mistake was trying to buy different shitcoins hoping that they'll rise more than bitcoin, not recognizing the true value behing bitcoin and its relation to altcoins.

If you're looking for stories like losing money to hackers, thieves, bankrupt exchanges, nothing like that happened to me. I also didn't panic sell my bitcoin since I first heard about it.
6  Economy / Speculation / Re: Bitcoin price predictions gone silence since the DIP. on: May 09, 2024, 07:53:01 PM
We're still waiting for that $100k and I believe it is coming, but nobody can tell exactly when that will happen.


IMO people expect too much from these predictions. They'd like people to tell them what price there will be on what day and when this doesn't happen in that exact date they unleash their fury upon those poor analysts.

It's just one of many such dips in the bull market. If you can't sit tight and wait, you have too much money invested.
7  Bitcoin / Bitcoin Discussion / Re: Will blockchain survive the crackdown on mixers and anonymization? on: May 09, 2024, 07:29:25 PM
No cryptocurrency will ever come even close to scaling to the billions of transactions each day by people worldwide.

That's a bold statement. You can't possibly know that. We're not talking about the next 10 years, but ever. How do you know what people will use for currency in 2050, or 2150?
IMO it's not going to be fiat currency and if not that then what? Maybe we'll be mostly extinct and back to trading seashells and amber, but if not we'll not use currency printed by FED. There will not be any FED, I'm pretty sure of that.

I don't think that there's any danger to bitcoin. The only danger is that there will be no anonymity, but for that to happen they'll first need to ban cash.

8  Economy / Gambling discussion / Re: Why do people lose in gambling and still go ahead and bet more? on: May 09, 2024, 07:16:45 PM
Do you remember that old meme where 2 men dig a tunnel to find gold and one is close but decides to give up because he went so far without finding anything and the other is just starting his tunnel and we don't know if he decides to keep digging until he finds it or if he'll quit like the other guy.

The more you lose, until a certain poinmt you will want to keep playing because you'll feel like each loss gets you closer to the win.
9  Bitcoin / Bitcoin Discussion / Re: Joe Biden intention to veto legislation permitting banks to custody crypto. on: May 09, 2024, 06:59:41 PM
Biden doesn't know anything about bitcoin. Everything he says is handed to him by people who want him to take this or that stance.

They should take Biden to an interview and ask him the simplest most basic questions ever because that's where they usually slip, like those guys who were talking in Congress how CO2 creates global warming and they asked them how much CO2 is is in air we breathe and each of them had a different opinion and they were all wrong Cheesy

The proposal is not about forcing people to deposit their coins in a bank. It is a proposed law that will give banks the right to keep crypto for interested customers. And the president is not going to approve it based on the response from his office. Is Trump a supporter of decentralization or privacy? Trump has never been a supporter of Bitcoin, so I doubt if he would be at the forefront to oppose such law. Trump is an American politician who will be in support of government control and invasion of privacy. Never trust politicians because they only fight for their pockets and the interest of their cronies.

The president should be a supporter of freedom. If banks want to offer custody, they should be allowed to. I'm not going to give them my bitcoin, but if someone wants to why not let him?
How is the SEC protecting investors? It's all a joke.
10  Other / Politics & Society / Re: Canada’s Orwellian new law proposal to jail for hate speech on: May 08, 2024, 07:47:45 PM
It’s ridiculous, literally a communist nation move. Canada has fallen under the stewardship of Trudeau. He was running a totalitarian state during COVID-19 & he’s continued to get worse. How long does he have left as leader? Hopefully he is voted out in the next election, surely not many will vote to live under his North Korea style leadership.

Looks a bit like a law allowing them to imprison anyone they don't like.

Hey, I saw you on an anti government protest yesterday, let's see if you posted something incriminating online. Even if it was back when you were at school, we're going to get you.

There's a well known rule of law saying that it doesn't work backwards, but Canada wants to be different from the rest of the world, I guess.
Trudeau was taught well by Klauss Schwab. You will own nothing an be happy.
11  Bitcoin / Bitcoin Discussion / Re: Do you trust bitcoin holders? on: May 08, 2024, 07:38:56 PM
Pretty sure these days, nobody is anti government. Or at least the majority of Bitcoin holders aren’t. If they were they wouldn’t of KYC on exchanges to buy and sell their crypto.
You seem to be confused. A bitcoin holder doesn't buy and sell crypto. That's what traders do. Holders own bitcoin and they hold it.
There are many other ways of exchanging bitcoin to goods and services than trading it on a centralized exchange. That's how you get fiat money and selling for fiat isn't the goal of many holders Wink

Quote
Most of the holders are probably nothing but speculators.

Speak for yourself.

Quote
They aren’t in it for the advances bitcoin can make for society, they are in it for the monetary gains. Many earlier adopters were different. But these days, everyone is getting into crypto to get rich, not go against the government.

That's why I'm not getting into "crypto" but hold bitcoin instead.
12  Economy / Gambling discussion / Re: How much of my salary should I use to gamble on: May 08, 2024, 07:17:48 PM
Risk as much as you want. It's not a matter of % of salary but rather height of that salary compared to the %.

Someone who earns $100 a week can't gamble 1% because it's worthless. What are you going to do? Bet $1 on dice every week in hope of getting $2 one day? Cheesy
At the same time, someone who makes $10k a week can easily gamble with 1% because that's first guys total salary.

So, I won't tell you what to do. You have to know that yourself if 1% or 2% of your salary is enough to do some gambling and at the same time not use too much money.
13  Bitcoin / Bitcoin Discussion / Re: Edward Snowden Final Warning for Bitcoin on: May 07, 2024, 07:29:22 PM
Final warning? Does that mean he'll shut up about bitcoin from now on?

I like Snowden, but he of all people should know that issuing warnings is only going to make people feel on edge, uncertain if they want to hold bitcoin. Al that this is going to achieve is make a few people miss out on the opportunity just because Snowden said bitcoin is not private enough and can be taken over or whatever they'll make out of this.

Does he think that writing messages on social media will change the bitcoin protocol?
14  Other / Politics & Society / Re: All people Should have the right to own Guns in our Society on: May 07, 2024, 07:01:47 PM
Guns have to be just in the hands of mentally stable people, everyone mentaly stable must have the right to have a gun, that means that we need replace the guns paper permit to a psychiatric exam to evaluate the future gun owner, with this solution we wont be a dystopian society!

The problem here is you'd have to check every gun owner each year because you can in fact develop mental illness later in your life, after passing your gun tests and owning it for several years.

Personally I love guns and if I had to choose between two extremes of nobody owning a gun and everybody owning a gun, I'd choose the latter, but I agree that a gun is a double edged sword. Having it at home gives you a sense of security and allows you to defend yourself, but it's a dangerous tool that can cause accidents. You leave it in the open and your child shoots someone, or you get scared of something and fire, thinking there's an intruder, but it could be a drunk neighbor who came back from a party and entered the wrong house.

You can't take back time once you fire at someone.
15  Bitcoin / Bitcoin Discussion / Re: Do not get discouraged by the current price of Bitcoin on: May 07, 2024, 06:45:19 PM
Why would I be discouraged by being close to the ATH? If someone held bitcoin last year when we were below 20k that person is going to be in euphoria right now.

I always tell people one thing when they ask me what to do in such situations. If you can't wait, need money, don't hold bitcoin, but when you have enough money right now and can wait a year or two always get some bitcoin to hold. It would be dumb not to have the best performing asset of the last decade.
16  Economy / Gambling discussion / Re: Between females and males, who are more resistant to gambling losses?  on: May 06, 2024, 07:59:43 PM
Women are more emotional which is why there's much less women among pro poker players.

How do they handle addiction and will they find it easier to fight it? I think that women are more family oriented in general and if a woman gambler has a child or gets married she'll put family first and stop playing. I know that women can do that with ease when they feel like it would jeopardize their relationship or well being of their children. My mother used to be a smoker and when she had me she quit because she did not want to intoxicate me. I also know a bunch of women who had no problem quitting jobs and changing their lives because of their husbands or children.
17  Bitcoin / Bitcoin Discussion / Re: Cloud storage for BTC on: May 06, 2024, 07:50:32 PM
Have you tried proton drive? They offer a lot of different services and accept bitcoin payments.

I haven't used that, but I'm pretty happy with proton pass and email.

For the record, don't put your BTC in the cloud. It's a disaster waiting to happen Tongue
18  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: 1xbit violated self exclusion terms, do not want to help on: May 03, 2024, 06:58:33 PM
On one hand, I'm aware that people do these things. They contact a casino with a request to be self excluded and if the casino doesn't do it well enough, for instance blocks the account but not the IP and allows the user to create another account and lose money, the user then asks for a refund and threatens to post it on forums.

On the other hand, they did not block the account at all, but also told the player to wait for them to message back and never did. The player did not remind them about it and deposited money knowing that the exclusion was not handled well.

I don't know. Fells like both sides are at fault here. I wouldn't use 1xbit due to accusations, but it doesn't look like it's 100% their fault.
19  Economy / Gambling discussion / Re: Are Nassim Taleb's ideas useful in gambling? on: May 03, 2024, 06:47:27 PM
Of course you can apply his ideas to gambling because he talks a lot about order and disorder, about randomness that's one of the main factors in gambling. He also talks a lot about human psychology, our place in today's world, morals and many other.

I can give you an example:
"It has been more profitable for us to bind together in the wrong direction than to be alone in the right one." - make up your own mind, don't follow others blindly, don't bet on a sports match because a lot of people are doing it, follow your heart and try to do some research.

He claims that you don't simply become a good investor by following others and by being smart. Most of those successful ones are lucky, which is a good way of comparing investing and gambling. A successful investor will not tell you he got lucky but will rather talk about analysis and guidance, pretty much like successful gamblers who often brag about being good at something. How can you be good at slots or dice? You cannot!
20  Economy / Gambling discussion / Re: Streamers using demo account on: May 03, 2024, 06:31:49 PM
I feel like it's not demos, but who knows, that's not impossible. I don't think there's any evidence to support or deny that claim.

What I know for sure is that these people have special deals with the casino and they don't lose real money. If they lose it's given back to them as an account bonus, or they get very high rakebacks of like 50% or something. Sometimes they also get their accounts credited for free, so they play with casino's money.

Regardless of whether these are demo accounts or not, you shouldn't trust what you see on their streams.
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