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81  Economy / Economics / Re: Why would people ever use bitcoin if its expected to always go up? on: August 09, 2021, 09:57:51 PM
It may seem silly and irrational now, but try to picture the situation this way.

Right now Bitcoin is precious and, indeed, many want to hold on to it, because it will be a great profit in the future. But with the years passing and Bitcoin getting closer to 21m the degree of price increase won’t be that significant. But more importantly, if (when) Bitcoin is widespread you won’t be afraid to use it in everyday life. Firstly, you won’t be using a large portion of it. Say you’ll have 1 BTC worth of $100,000.

So assuming you only spend, monthly you’d be only using around 0.01 BTC. And the more the price grows - the smaller portion it would be. But then again, in a world where Bitcoin is widely adopted, you might get paid in Bitcoin, so you won’t actually be losing any of it. Your friend borrowed BTC - you get your money back in BTC, you made a purchase in BTC - you sold something in BTC, etc. So the idea is, that no one will keep Bitcoin to themselves because it would be in circulation.

Also, consider this: in poor, developing countries people think of USD the same way you think of BTC “why spend it if I can store it and get profit, or use it as a hedge?”, but the rest of the world is fine buying a pizza with $, right? So, hopefully, in a more stable economical environment and easy access to Bitcoin, we won’t face such a problem.

Though I have to admit, that is a possibility.
82  Economy / Gambling discussion / Re: Cryptocurrencies price and their effect on gambling industry on: August 07, 2021, 09:26:17 PM
If there was such an option, I’d pick “none”. Neither negative nor positive effect.

Think about it, the gambling industry has existed for centuries, gradually evolving to what we have now - online casinos. But when it comes to online casinos, I don’t think that many people are attracted to crypto.

To some, yes, it is a desirable, but yet not determinant feature. People come for the game, so why would they care if they bet USD or BTC? Sometimes it can even be a disadvantage to store crypto on a casino wallet, due to volatility and high fees.

Generally, to retain anonymity and don’t risk losing anything, stable coins might be the best solution, but, for now, that core audience isn’t big enough to have an impact on the whole industry.
83  Economy / Gambling discussion / Re: Will physical casinos accept crypto someday? on: August 07, 2021, 08:29:09 PM
one day they will definitely do that, physical casinos really love money, if crypto is adopted there is no reason they shouldn't add cryptocurrency options to their business.  sooner or later it is something that casino owners have to do as a form of following the trend.  and I'm sure the concept will not make it difficult for gambling players who want to use crypto to make it easier to deposit or withdraw.
1. Everyone really loves money, that doesn’t really prove a point Cheesy

2.There is a reason why casinos would want to avoid crypto. First, the legal ones will have to arrange rules in accordance with certain countries, and, if cryptocurrencies are banned there, there’s a high chance that the casino itself will lose a whole geographic sector due to that.
Second, casinos benefit from knowing their customers in the face, so to say, they offer bonuses, give special treatment, try to make sure that the client will remain loyal. And, in addition, reduce cheating by requiring KYC. Needless to say, with the full adoption of crypto and the idea of anonymity, all of that will be harder.
84  Economy / Economics / Re: Can developing countries follow El Salvador use Bitcoin? on: August 07, 2021, 07:21:39 PM
Let’s just say that El Salvador had a bigger motivation to switch to Bitcoin as compared to other countries. They didn’t have a currency of their own and were closely tied to the US dollar. Bitcoin is a way to develop an independent financial system for them. No doubt, that it will cost them a lot of money and time to make a complete switch.

For some countries, there’s no reason for such action. Take EU countries, for example, they’re doing fine with the current euro and I don’t see them adopting Bitcoin at a governmental level in the nearest future. The developing countries are more likely to follow the lead, but, I suppose, they want to see how this works for El Salvador first.
85  Economy / Gambling / Re: Can't withdraw on rocketpot.io after their 'airdrop' on: August 07, 2021, 06:36:03 PM
I have not played over rocketpot.io and in your case it was a normal airdrop and you received your funds but they have condition setup for withdrawal as mentioned by you.

Quote
To make a withdrawal, you’ll have to bet your deposited amount three times. The site’s terms say that Rockepot.io will process your withdrawal request within 24 hours, but you may have to wait up to seven days after the KYC (Know Your Client) process finishes.
@OP: Do you get any information on how many percent is roulette game counted towards wagering requirement? Usually table games has low percentage or even does not count towards wagering requirement. My suggestion, play/wager $300 on slot games as it is usually counted 100% towards wagering requirement then try to withdraw. If the same error still exist means that there is other requirement to be completed but we do not know what is it since you said that you get no T&C attached on the email.
Wait, but that may be exactly what the website wants.
They prevented OP from leaving them with airdrop, so he’d continue playing and get involved with them again. They probably didn’t expect him to win that much, so they’re not responding on purpose, and probably waiting for him to play all that money in their casino. With slots, he can just lose $300, which is fairly earned and is present in his account right now.

I suggest OP knock on those doors and try to get more information on what exactly does he have to do to be able to withdraw. Maybe it’ll take a while, but at least the money will still be there.
86  Economy / Gambling discussion / Re: signs of gambling addiction on: August 07, 2021, 06:06:26 PM
Good wives/husbands do not allow a family to break up because of any addictions of one family member. Such problems need to be solved together because a gambling addict is not able to cope alone. If the family is falling apart then it is likely that there are more serious problems within the family than gambling addiction.
Exactly! I don’t get why people state that gambling addiction ruins families so often, that says a lot about the willingness of family members to help each other overcome problems. In some cases, there can be alcohol or drug abusers, or people with psychiatric disorders, but you don’t abandon them for that, IMO it’s very wrong.
87  Other / Beginners & Help / Re: can multiple transactions from the same wallet be tracked to said wallet? on: August 07, 2021, 05:03:56 PM
Okay, so if I sent transactions from an Electrum wallet (NO-KYC ON SENDER WALLET), to different addresses every transaction, as you should for anonymity, would the transactions be able to be linked together so they could be identified as all coming from the same electrum wallet to the receiving wallet?
To different addresses or from different addresses? For anonymity’s sake generate new sendable addresses for each transaction, and the receiver (ideally, all of them) should do the same. In that case, I believe, you can’t be tracked, and any of your previous and future transactions can’t be confirmed to be linked with each other or with the receiver.
88  Economy / Gambling discussion / Re: 🔥~~(ONLY WHALES!!) STAKE - PRIMEDICE - BUSTADICE - BUSTABIT -BITDICE METHOD~~🔥 on: August 06, 2021, 11:54:09 PM
Common sense alert:
If you find a random guy in the web who claims to have developed or found a great tool/method to make great amount of money from any certain businesses, avoid them like plague!

What should happen in reality:
If someone really has access to such tools or methods, that person will guard it like his swiss bank account details. That person will use this method/tool to make money for himself. But wouldn't try to sell it against a payment.

Disclaimer: this advice comes from an experience of more than 14 years making money online in more than 7 different areas. Any resemblance with any dead or living person or any incident, is a coincidence!
No one here seems to trust the guy anyway, hahah.

It always seems really suspicious when someone says that he’s discovered a method to make a good profit, but, at the same time, tries so hard to explain why the scheme works and why you should join that person.

This one is a little different, however. The OP doesn’t try to look like he’s giving something away, but rather is looking for partnership and is straightforward about the profit he’ll make out of it. Nevertheless, the idea that he’ll only accept partners willing to deposit up to 0.5 BTC is disturbing, so I’d rather not partner with such a person.

A simple comparison applies here: if someone has discovered a hidden treasure, would he hire people to help him dig it? The answer is obvious Cheesy
89  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Do any casinos offer cryptocurrency staking? on: August 06, 2021, 11:10:11 PM
Aside from freebitco.in that offers 4% per annum, I don’t know other platforms that offer such to their users. And now that I think about it, that’s another potential revenue for casinos. Perhaps they should just offer some form of bonuses to users who deposit stake coins, and I’m sure it wouldn’t hurt a lot to a casino that generates lots of revenues from the losses of their peers. They can do it like this: for X amount of days a stakeable token is sitting on an account, the user will be entitled for a Y bonus. It would encourage people to use stake coins, generate profit for the casino on the house edge + stake coins.
That’s intriguing if you put it that way, bonuses over a few days of staking sounds like a potential for real profit. Do you know any particular examples?

I trust freebitco.in, but, honestly, there’s not much motivation for keeping money on a website for 4% per year, I don’t even know why would people go for it. And other examples that people provided here are somewhat shady.
90  Economy / Economics / Re: Have you been grateful for today? on: August 06, 2021, 10:07:13 PM
It is meaningful indeed, I often forget about these things, with a very busy schedule and not getting enough sleep I can become easily irritated. Like you in trading, I get very annoyed by money loss in gambling, even if I equally win or lose.

But sometimes it’s a good practice to sit and think about all the things you have and many people don’t, like a house, family, good job, ability to spend money on fun in the first place and not being in debt. I have found that this kind of positive thinking always makes me feel better and has a positive impact on my daily performance.
91  Bitcoin / Bitcoin Discussion / Re: Xiomi Portugal start accepting crypto on: August 06, 2021, 09:16:42 PM
With all due respect to Xiaomi technology, I doubt that this will have an impact on the crypto market or adoption. This is not the first tech company that has introduced cryptocurrencies to its customers. As indicated in the article, Samsung has already done that with proposed blockchain wallets, HTC also had something of the sort, and all of that happened 1-2 years ago, but we didn’t see any effect resulting from these innovations.

The thing is, there are so many features in the tech world (and smartphones, in particular) right now that people don’t know how to use half of them, and blockchain, cryptocurrencies are yet another features that most people would most likely never use. I think Amazon adoption would’ve had a greater impact.

But generally, it’s good, maybe something will be out of it indeed, let’s see. I’m also interested to see how China will react to these new developments, Xiaomi is registered in there, after all.
92  Economy / Economics / Re: When debt is an asset on: August 06, 2021, 07:46:11 PM
I get your friend though. Yes, he might spend more money with a 25 mortgage, as a result, but I would probably do the same. The thing is, that, I personally can’t enjoy anything until I fully own it.

In addition, you never know what will happen to you, right now you have a steady job and good income, but in years things may change with the market, economy, personal/health problems, etc. and the more years you’re in debt - the higher the chances that something can go wrong and you can lose the property.

Thus, the sooner you pay something off - the better.
93  Economy / Gambling discussion / Re: How Bet correct score on: August 06, 2021, 06:31:25 PM
I don’t think there are fixed games in the Olympics. I should hope there aren’t, otherwise, the idea of sports tournaments could be discredited and we're doomed. In addition, I wouldn’t suggest seeking fixed matches at all, you’ll end up dealing with frauds and could find yourself in dangerous situations, or just lose a lot of money.
94  Economy / Economics / Re: Senators push through bill with surprise crypto tax amendment on: August 06, 2021, 12:32:03 AM
Bitcoin and other cryptocurrencies were already considered as property and there was an obligation to pay taxes on income made from cryptocurrencies.

However, I assume many people were able to evade taxes, so this new bill is aimed to fix it. As far as I understand, it focuses strictly on exchanges and now they have to sort of tell on their customers making big txns, so it would be easier to collect taxes for the IRS.
95  Economy / Economics / Re: Marathon Invests $150 Million In Bitcoin on: August 05, 2021, 11:36:36 PM
It’s no wonder that MARA has made this Bitcoin purchase, and they will not give it up, hopefully. By this act, the company encourages institutional investment, which is in their best interest. Considering the future halvings and what the company puts at stake, they should make damn sure that the price will keep growing in the nearest future.
I wonder if this will increase MARA volatility, though, as it already is pretty volatile. Is buying stocks now a bad idea? Cheesy
96  Economy / Gambling discussion / Re: Olympics 2020/2021 : Discussion & Predictions on: August 05, 2021, 10:54:02 PM
Either way China has always had a strong position on the Olympics and it proves a great competitor for the US. Let's see how it plays out but I have the feeling China will outperfrom this time

Looking at today's standings, China has a total of 34 gold, superior to the United States only 29 gold. The difference of 5 gold is quite far I think. Although I don't have detailed information about the rest of the Olympic games between China and the United States. But it looks like China will continue to excel and be the overall champion in this year's.
Seems like it, two great competitors. China is winning in gold, however, the US is higher in everything else and the overall number of medals (91 vs 74). There’re not many competitions left and it truly would be difficult for the US to score 5 more gold medals, but there’s still a chance, especially considering that the US is good in athletics.
97  Economy / Exchanges / Re: Bitcoin atms on: August 05, 2021, 10:17:03 PM
Safety is a major concern for me. There’s a high chance of being attacked while using ATMs overall and there’s even a higher chance with Bitcoin ATMs. Also, ATMs aren’t a priority for one caring for anonymity: people around can see you, plus there are cameras. We don’t have such in our city, but even if there were I doubt that many would use it.
98  Economy / Economics / Re: On the Sustainability of Decentralized Finance on: August 05, 2021, 07:42:39 PM
I agree with the main point that right now is a good time for DeFi to flourish given the latest events and tendencies. However, it seems like the author of the article only views cryptocurrencies as an asset and hedge against inflation. The “structural challenges” are given from the point of potential full substitution of fiat with crypto. IMO these challenges neither can nor need to be overcome. There is no need to fix the shorting problem or fixate price - way to kill DeFi.
99  Economy / Exchanges / Re: Coinbase New FUD on: August 04, 2021, 11:51:17 PM
Seems like false news to me. Not many sources are talking about it, though maybe it’s too fresh and in days we’ll see this information in more media. But I wouldn’t believe it for now.

Besides, wasn’t there news about a class action lawsuit against Coinbase just recently? Here, from Doge trader: https://cryptobriefing.com/coinbase-sued-for-over-deceptive-dogecoin-campaign/

At least that article has the link to the real document so that one, I believe, is true. This one looks more like an attempt to advertise someone’s firm on a false hype.
100  Economy / Gambling discussion / Re: Ethics of boxing and gambling on: August 04, 2021, 11:07:10 PM
No one has ever gave his opinion about boxing more elegant than Jonathan Lyons in answering the question "Should boxing be legal?":

"Boxing is brutal. There is no fan of the pugilist arts that will say otherwise. Boxing has come a long way from Marquis de Queensbury and bare knuckled brawling to today's spectacle.

It should be pointed out that the point of boxing, is not to pummel one's opponent to a bloody pulp, but to score points by means of a combination of hits to the upper body.

As has been noted in other answers, at the amateur level, a considerable amount of padding has been added to reduce injury. The thumbless glove alone was a great improvement. I think it would be wise to extend these innovations in the sport to the professional level. However, I do not believe that the sport should be banned altogether.


The boxers themselves in my opinion, endure training so hard that it makes them strong and determined to beat other fighters and get the fame, glory, and fortune that they deserve. No wonder, deserving boxers, they get filthy rich.

I guess the general point is right, boxing is rather the game of endurance than a pummelling and there are certain rules and security measures. Nevertheless, this doesn’t deny the fact that boxing is among the most traumatic kinds of sports (if not the most) and leads to serious long-term injuries. Yes, boxers become rich stars, so one could say it all pays off, but if in the end, one has brain damage does fame really matter?
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