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1081  Economy / Gambling discussion / Re: What is your earliest Gambling Story? on: February 03, 2023, 02:07:21 PM
I gambled for the first time when we were playing arcade games with friends. We used to go to arcade together and we all had a limited number of coins to play so we'd gamble witch each other by betting on games and certain players. We'd play mortal kombat and each person would bet a coin on themselves so that if they won they'd be able to play for free by getting the opponent's coin. If they won again they'd stay in the match and get another coin and be able to play another free game and so on. It was harmless gambling.
1082  Economy / Gambling discussion / Re: Charitable Casinos on: February 03, 2023, 01:43:29 PM
It sound funny to be honest lol.

Many countries doesn't allow gambling activities, so it's impossible if there's a project want to create a charitable casino, because even though their intention is good, but they're breaking their country rules.

IMO charitable casino seems wouldn't survive in the long run because there's must be a lucky gambler will win big. Since the charitable casino doesn't have big bankroll because they've transfer their money to a charity or the poor, they will suffer a problem.

Yes it does sound funny because they're mixing an activity that isn't really something people aspire to do with charity. So they're trying to make people like casinos more because these ones are not so bad since they also help people. Hey, at least when you're losing money gambling it's for a good cause Wink

I've never played in a charitable casino, in fact this is the first  time that I hear about it. It's definitely a good idea, but makes me wonder how big is the part of the profits that they donate. I know of a few charity organizations that raise money for children and they keep more than 60% of the money for themselves. Sometimes as much as 90%.
1083  Other / Politics & Society / Re: Peter Zeihan - I Am Afraid Things Are Getting Much Uglier In Russia on: February 03, 2023, 01:26:01 PM
We all have subjects we don't know anything about, and when you are in business of being popular in the internet, people tend to except that you have a strong opinion about everything. I find that culture weird. It's like they are being seen as weak if they need more data to form an opinion. Him saying that bitcoin is a pyramid scam is more or less popular view that people were saying about altcoins while back and about NFTs right now. So i am guessing he hasn't really looked into it, or got that opinion from his friend who also has strong opinions. But i totally understand that opinion, it's the easiest one to have.

That being said, What he says in the video is pretty much spot on and it's really nothing new as it's public info anyone who has been paying attention knows already. But there's one more thing he clearly haven't mastered and that's editing audio. That was pain to listen with headphones. I am not sure, maybe the guy has a hearing loss or something but there was this humming sound blurring the voice. He should hire an audio guy to oversee the recording and mastering.

I agree this is probably not his view but something he grew into after watching enough of mainstream media channels. You can hear a lot of these people on TV. A good example is that actor from Gotham who testified in the FTX case, even though he's not an expert and shows that he has a very basic understanding of the thing.

I heard that and there's a very faint sound of tune in the background. I think someone added the humming and the melody behind it on purpose to create a feeling of tension among listeners but failed. The sound is just annoying, it doesn't add anything to the video.
1084  Economy / Gambling discussion / Re: really no kyc crypto casino on: February 03, 2023, 01:12:56 PM
That's why when someone asks me if I'm trying different casinos and stuff I say that I don't. There's a lot of nice graphic layouts and fun games on these sites but I just use 2 in total where I'm verified. I'd really play on different ones if not for KYC. I just don't want my picture to circulate somewhere on the deep web. I feel like with KYC casinos are limiting the number of users and killing their own revenue.


Cloudbet is doing kyc and its joke, they ask you to make selfie outside with street sign saying your address, in same time holding today's date newspape + write "Cloudbet *and today date*" and in same time holding ID card

I think next thing they ask is nudes from my wife

That's a pretty good business model if you ask me. They can expand into a porn site from there or start an onlyfans profile.
1085  Other / Archival / Re: “Bonus hunter” in sports betting with multi-accounts using criptos? on: February 02, 2023, 09:33:51 PM
The post is pretty long and not everybody is going to have time to read it, so I'll get to the point.

Your family members don't care about privacy and/or don't know what you're doing with their private information. They aren't aware that it can be used against them, for instance someone could make a fake ID and use it to buy something on credit. You're abusing their trust by putting their private data anywhere you can just to earn a few dollars. If you and your family are very poor and can't find other ways to make money, I can live with that, but it's more probable you're doing it for your own benefit, because it seems easy and you're not risking anything.

How come a smart abuser of bonuses, a hunter as you call yourself, can't understand how crypto payments work? I thought you were smarter than those dumb casino operators who allow you to claim bonuses as all your family members without getting caught?

You're a menace. People like you are the reason why casinos have to put up those crazy wagering requirements and ask all the legit players for KYC. You're the reason why bonuses are getting smaller and smaller because people aren't claiming them to play in the casino but farming them with multiple accounts.

That's what you should call yourself, a farmer.
1086  Economy / Gambling / Re: I accidentally deposited to self-excluded stake.com account. on: February 02, 2023, 08:58:31 PM
I see no problem in the way the casino resolved this situation. He made a mistake and they don't want to allow him to withdraw because self-excluded accounts are blocked from both playing and withdrawing. It makes sense because a gambler may want to freeze the money on their account by self-excluding so that he won't be able to compulsively move the money to a new casino, where he isn't excluded.

I wanted to check this thread for an update from OP about his problem but so far I cannot find anything yet.

I would have guessed Stake allowed to withdraw from self-excluded accounts.
Maybe there is nothing new to add so the OP is quite for now. That doesn't mean the issue is resolved.

If they gave him an ETA, that's half way done. I don't believe a big player like stake would first tell him when the funds will be available for withdrawal and then not allow it. I'm sure if they lie and OP doesn't get the money we'll hear about it.

From the interactions i had with people on online comments sections I've learned that most people don't care and won't comment if a service was done well, but when there's a small issue they all come running.
1087  Bitcoin / Bitcoin Discussion / Re: Are you still holding your coins #btc on: February 02, 2023, 08:48:34 PM
I still hold coins from 2015 and I'm going to do it regardless of the price. If I suddenly saw an exchange price of 100k USD tomorrow, I wouldn't sell because I'd be suspicious of this and feel like someone is buying us out with fiat money knowing something big is going to happen like a US defaulting on its debt or something.
I'd probably sell a bit like 0.1 to test them out in case this was some kind of a bug I could take advantage of, but that's all. I guess I'm attached to my coins in a strange way, or maybe I don't see a reason to give it up so cheap. I'll wait until I can buy things that I need directly, without having to go through fiat gateway in order to do so.
1088  Economy / Economics / Re: Berkshire Hathaway's Charlie Munger Calls for Crypto Ban in the US on: February 02, 2023, 08:35:38 PM
I was not very surprised by this saying when I learned that he is over 90 years old. These old people do not accept new things, and they cannot accept the idea that young people get a lot of money without making a lot of effort or investing a huge capital.

99 is not just over 90, for most people that's a vegetative state. My father is 85 and I have to often repeat things to get him to understand. He doesn't use a computer, needs a phone with speed dial to call people. I'm saying this because I don't believe Charlie's words are his own. People like that need help getting in and out of bed. He must have people who get him dressed every day and press buttons in the elevator for him. He must also have people who tell him what to say and when.

Having an old father and knowing some of his old friends I can tell you that old people get bitter and they look for arguments just to show they can still argue. Charlie talks about bitcoin because there are people willing to argue with him about it.
1089  Other / Politics & Society / Re: Peter Zeihan - I Am Afraid Things Are Getting Much Uglier In Russia on: February 02, 2023, 08:25:51 PM
I feel like Zeihan is just an attention whore. Suddenly he's a guest at all those Internet podcasts, people are quoting him everywhere. I try to ignore the guy mostly because of the things he said about bitcoin. If this dude is willing to share opinions on things he has no understanding of, think about how much he's going to bend the reality in fields where he actually has some knowledge.
I know nothing about ships and sailing so I don't go around talking about it. If someone were to ask me about it I wouldn't try to make up something. Zeihan is willing to give opinions when he's got 0 knowledge and experience and that makes him a bullshitter.
1090  Other / Beginners & Help / Re: A reminder to all new Bitcoin investors on: February 01, 2023, 10:41:44 PM
the main ones i remember was

"email wont catch on" - postal service
"digital photos wont catch on" - kodak film

There's always a group that feels threatened by new technologies or innovations.
There are numerous false statements made by people who were into computers like Bill Gates, who said in 1994: "I see little commercial potential for the internet for the next 10 years."
If someone familiar with computers and the Internet, who was programming in the 70s, so he had decades of experience, could be so wrong, so can be any of the current so called "financial experts."

What amazes me is that people trust Buffet and Munger on this when these people have never been interested in tech stocks. They're mentally stuck in the 20th century and completely missed the rise of Google, Facebook and Amazon. Now they suddenly have an opinion on the market they don't understand and don't participate in.
1091  Bitcoin / Bitcoin Discussion / Re: My greatest fear about Bitcoin Halving. on: January 31, 2023, 08:54:28 PM
This being said, a bull run will still exist. The only question remaining is how big will that be.

This is correct, although all the previous bull runs, including the last "weak" one took us far above the fair value of bitcoin and far above the average mining cost.
For instance, when we went to 60k in 2021 the mining cost was below 20k and the fair price was somewhere around 30k, which is why the price stopped there after crashing from the ATH.
Let's assume that the fair price in 2024 keeps rising like it did in all the previous years and the mining cost goes up 2x. We'll have a fair value somewhere around 50k and the mining cost around 40. It doesn't mean bitcoin's price will go parabolic to 2x the fair value (100k) It can as well do 20% over the last ATH and it still technically will be a new ATH and a bull market.

People expect us to be between 100 and 200k by the end of 2024, but people also expected bitcoin to reach 100k in 2021 and then expected 10k last year, so whatever people expect has nothing to do with what really happens. I'd even say that expectations are very rarely met.
1092  Economy / Economics / Re: How to thrive with low income in a humble area on: January 31, 2023, 08:42:42 PM
I used to live on low income back in 2015 and 2016 when bitcoin was in a bear market and I didn't know how long it could last. What helped me a lot is that I had a cabin in the woods that had central heating, plenty of firewood all the media connected including the Internet and all it needed was a little cleanup.

It all depends on what the cost of living in your area is and how much you can do on your own. I have friends who live in the city and 1 month of rent costs them almost as much as I pay for the whole year. In the city you get to share all the costs like when you live in building with lifts you share the cost of their maintenance. You also pay for the electricity used in the hallways and in the parking garage.
It adds up over the years.

My advice, if you want to save up, find a piece of land and live as far from the noisy and smelly city as you can.
1093  Economy / Gambling discussion / Re: UFC 284: Makhachev vs. Volkanovski on: January 31, 2023, 08:14:36 PM
ISLAM MAKHACHEV
Takedown Accuracy     65%
Takedown Defense      88%

ALEXANDER VOLKANOVSKI
Takedown Accuracy   36%
Takedown Defense    73%

Better ground fighter usually has the advantage unless you're extremely good at avoiding take downs like Cro Cop for example.
Hard to say which of them is going to win, they both have their advantages but Makhachev weighs more which is important for take downs a small height disadvantage doesn't mean much on the ground.
I'd put my money on him, but anything can happen.
1094  Other / Beginners & Help / Re: we always regret once the price go up on: January 27, 2023, 03:34:21 PM
We all experience this situation where we regret selling assets at a lower price because of fear, everyone is guilty, and we always hold, but in some instances, we let go of something that is very important there are lots of reasons for this:
  • fear of price going to zero

Speak for yourself. It's you, not we. Once you've been here for a few years you stop being scared of stupid things like bitcoin going to 0. Do some critical thinking and you'll come to a conclusion that it's almost impossible for bitcoin to go to 0. I say almost because if we had a big worldwide collapse of governments and currencies and countries falling into chaos, things like that could happen, but still it wouldn't be a literal 0, but low numbers, maybe only triple digits, like in 2015.

I don't regret anything. Spot price is just spot price and to me everything below 30k was a bargain. I've been buying for the last 6 months and will continue until we reach some fair price levels.
1095  Economy / Economics / Re: A bullish case: HOW MUCH #BITCOIN to get rich and fund your lifestyle? on: January 27, 2023, 03:19:21 PM
In my own personal opinion, Bitcoin has made those who invested in it early rich already, right now, buying an average $100 to $1000 worth of bitcoin will never make the individual buying it rich, even if the price of bitcoin hit $100,000, except the individual is ready to wait till the year the price of 1Bitcoin hit $5,000,000 or more, which to me, is unlikely to happen in the lifetime of that individual, even in the next 100 years, its still unlikely to me.

And on the other hand, investing hundreds of thousands of dollars or even millions of dollars means the individual doing that is already rich, he or she is just looking for some, its like buying an item and reselling it for a higher price for some profit, so it is with the already rich people buying bitcoin, they are not buying it because they want to become rich, but buying to resell for profit.

This is the thing, you underestimate bitcoin, pretty much like people who in 2010 and 2011 were hoping for a milestone of $100 and in their wildest dreams thought of 1k high.
Bitcoin went wild in the next few years, hitting $300 in early 2013 and then people started thinking a step forward, about 10k, but the next big thing was 20k. 10k was never a big top.
The majority of people always look a step forward and only exceptional visionaries manage to see beyond that.

Say you'd spent $100k in bitcoin last year at 15k and your end game happened to be 250k, which by all means is achievable in the next 10 years. Would you say that it didn't make you rich? That would be 1.6 million. Enough to live happily ever after in most parts of the world, assuming that you're not completely broke and in debt before bitcoin hits that level.
1096  Bitcoin / Bitcoin Discussion / Re: controversial / possibly dangerous proposals for bitcoin on: January 27, 2023, 02:28:53 PM
To me the most outrageous proposal was for bitcoin to abandon PoW and go PoS, like ETH. This should, and I hope that it will, never happen as it would make bitcoin more centralized and more vulnerable to attacks. IMO in the long run ETH users will come to a conclusion that this was a bad idea and it will cost them some money if they hold these tokens.

Probably second on that list would be what BCH was pushing which was a fork and block size change that would result in abandoning the current chain that we're in.

Layer 2 upgrades don't concern me at all as long as the main protocol stays the same.

1097  Economy / Economics / Re: In your country, today is money the real root of all evil? on: January 27, 2023, 01:55:31 PM
Money as a form of payment is not evil, just like a knife isn't evil, it's just a tool. In the hands of a chef it helps to make tasty food and in the hands of an assassin it's a tool used to murder people.
Money can be used to pay for murder, but it can also be used to pay for your child's hospital treatment.

That said, bitcoin is a better form of money, as it's yours. I've said it a number of times already that by using fiat money you agree to all current and future laws that the owners of the money establish. I say owners, because you're only a user, you're not the owner. The USA is the owner of the dollar and its central bank is the issuer. You're only a user that can be at any moment cut off from the system and denied the right to use this payment method.
1098  Economy / Gambling / Re: How best to report vulnerabilities? on: January 27, 2023, 01:39:31 PM
It's better if you make a comment to their thread here in the community and wait for their response if that bug doesn't have affection with the transaction and abuses the current system of their current platform I guess they will just ignore those but if you see that as critical might damage and make them lose a lot of money I guess that's the time they make an action. Better to contact their email or just the moderator in the chat if they have.

Why should he go through all of this when he has an answer from the support?

Think about it for a moment. You see someone lost a wallet, you approach him and say hey, your wallet is on the ground, and he says, I don't care, what do you do? You Go there pick it up and approach him again? You call other people to the spot to show them the wallet?
Seriously, I'd just walk away. If the owner doesn't care, I did my job and I think OP did his job 2 times already, first by reporting it to the support and second time by starting this thread. There's no point to go to Owl's thread and once again report the bug they don't show any interest in fixing.
1099  Economy / Gambling discussion / Re: We lose on the long run through return percentage on: January 26, 2023, 09:59:21 PM
Of course, that's how a casino is built, its for those suckers who want to lose their money (including myself), so we all play without thinking the numbers and the house edge. And then we complain later after we all lost to that casino.  Grin

So we should be wise as well, if we think that we have won already, no need to be greedy or something. You can't take the house and win every time.

And that's why there are also games that include skills and that's where our chances are good like Poker and sports betting and not those luck base games like slot machines.

It should be obvious for anyone who sees a casino that they will have to add their fees whenever they can. They have the building to maintain, machines have to be fixed, everything uses electricity, and so on.
Jackpots are announced with lights and sounds to make everybody know and feel attracted to the game. When you see someone win you feel like you can do it too and then after many games reality kicks in and you either get into denial and withdraw more money to play, or you go home empty handed.
1100  Economy / Speculation / Re: Bitcoin is getting ready for $25K, How? on: January 26, 2023, 09:34:38 PM
It's a funny thing that predictions change with the mood of the people who make them. When people see constant red on their charts they tend to predict red, when the y see a lot of green, they predict green and there's always a small period of denial in between.
When the price was at 16k they were predicting 12 even 10k. When it broke up to 20k they were in denial for some time saying that it must be a fakeout and we're going back to 17k, but now many analysts change into bulls saying that 25k is next. Sometimes I read them for fun, but 99% of them suck at predicting the price.

IMO 25k is not really a resistance. It was never a significant level both on the way up and down. It was never defended for a long time and it didn't have a lot of volume. 29-30k is much more important. Everything below 30k should be considered a depression and undervaluation.
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