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December 01, 2020, 09:01:28 PM *
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1  Economy / Gambling discussion / Re: Good hand vs Bad hand in Poker on: Today at 01:19:39 PM
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There's pressure. I don't know how about you, but even online, whenever I hold a good hand I start panicking, I'm afraid to lose this opportunity. What is everyone folds? How do I keep them in the game? Should I just risk it and go all-in

The most annoying part of poker is when you have a really good hand and everyone folds.
I really hate when that happens. Angry
Going all-in right in the beginning of a game is the wrong move.You have to bet small amounts and gradually increase the bets,when someone isn't folding.
I'm not a player,who loves taking risks and bluffs and I usually never risk big amounts of money on weak hands.Maybe that's why I'm not that good at poker. Cry
The most important skill in poker is to be unpredictable.
It's well known that you will have mostly weak hands and a few strong hands during a game.When you fold on the weak hands and risk with the strong hands,this makes you pretty predictable,so the other players will fold,when you have a strong hand.
2  Bitcoin / Bitcoin Discussion / Re: Satoshi Nakamoto Lived In London While Working On Bitcoin on: Today at 01:04:36 PM
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I am not convinced that this can prove he was located in London when he worked on Bitcoin. Based on when he was active on Bitcointalk, SourceForge, and his emails, I would find it extremely difficult to keep up such a tempo. It would mean that he worked on Bitcoin mostly from 14.00 and up to 06:00/07:00 every day of the week. That means he never slept during the night. Sometimes I work in night shifts, it's extremely difficult to work 2-3 night shifts without a proper sleep throughout the night. If he was based in London, he worked throughout the night all the time.

This is pretty interesting info,which might serve as a some sort of proof,that Satoshi might have been a leader of a secret team of people,who worked on the creation of Bitcoin,rather than being the one and only creator of BTC.This is a conspiracy theory,which still lacks solid evidence,but can't be left behind.
However,being active on Bitcointalk and SourceForge doesn't mean that he was working all the time and sending emails isn't such a tedious task or maybe he had insomnia. Grin
The location of Satoshi doesn't matter anyway.I hope that he is safe and sound.
3  Economy / Economics / Re: genius idea to fix all economy best idea on: Today at 12:35:28 PM
So all the governments/central banks will say "Hey,let's just create hyperinflation by giving away helicopter money and make paper money worthless." Do you think that the bankers and politicians are that stupid?
OP,you should visit countries like Venezuela and Zimbabwe and see by yourself how "helicopter money hyperinflation" works.The people in these countries aren't happy at all.
I don't get the point of your post.Are you joking with this thread?Are you shitposting just to boost your post count?
4  Bitcoin / Bitcoin Discussion / Re: Should Crypto users use VPN's ? You decide..... on: Today at 07:32:46 AM
There is no way, I repeat, no way to ensure that your VPN will not store your logs. Ultimately, when you're connecting using OpenVPN to their server, they can (and likely will) store logs of some form, anonymized or not. For that reason, I don't really recommend people to use VPNs with their wallet. It could potentially be detrimental to your privacy as it'll keep more detailed logs and your traffic has to flow through the VPN. Your trust now lies with the VPN provider instead of your ISP.

Tor is a much better alternative. And it's also free.

Tor Nodes are controlled by the FBI and most of the IP address in Tor are blacklisted for a reason.
I tried to login in a cryptocurrency platform using the Tor browser and it was a nightmare-constant captchas one after another and I eventually failed to login.
Most cryptocurrency platforms are directly blocking access via the Tor browser.
You decide how helpful is Tor and what alternative can Tor be to the VPNs.
I'm not a big fan of VPNs as well.It doesn't matter how "trustworthy" is the VPN you are using,some day your browsing data will get into the hands of FBI.

5  Bitcoin / Bitcoin Discussion / Re: Explained - The Road to $100k Is Underway on: Today at 07:07:30 AM

This guy says nothing new and he doesn't bring anything new to the table,when it comes to BTC price predictions.
He fails to explain how the Bitcoin price will jump from 19000 USD in Dec 2020 to six figures in Dec 2021.
That looks like a bold statement to me.Back in 2018,the expectations of LN boosting BTC adoption and price were huge.Now almost nobody cares about the Lightning Network project.
By the way,I don't think that Bitcoin has an "underway value".The current market value of BTC is the true value,because it's defined by supply and demand.Bitcoin isn't and cannot be overvalued or undervalued.
6  Other / Off-topic / Re: Dan lok and other Gurus what do you think on them? on: Today at 06:59:29 AM
Dan Lok is a scam.Check out Youtube channels like Coffeezilla and Mike Winnet,who are exposing Dan Lok.
The fact that someone has 1.8 million followers on Instagram doesn't make him legit.
Anyway,this topic has nothing to do with Bitcoin,so please move it to a more appropriate sub-forum.
7  Bitcoin / Bitcoin Discussion / Re: Mainstream news media's new portrayal on bitcoin hehehe on: November 30, 2020, 12:41:39 PM
In the beginning they said that bitcoin is only for criminals. On 2017 they said that bitcoin is a bubble. On 2020 they are saying that bitcoin is racist and sexist.



Much of Coinbase’s culture stems from the one around Bitcoin, current and former employees said. Bitcoin, which embodies a libertarian philosophy that snubs its nose at the pieties of mainstream institutions, has attracted a generation of fans known as “crypto bros.” Many have propagated a brash male-dominated way of life, facing criticism for sowing racism and sexism.

Source https://www.nytimes.com/2020/11/27/technology/coinbase-cryptocurrency-black-employees.html

New York Times is a liberal propaganda machine devoted to the liberal agenda.
Everything different than the liberal agenda is labeled "racist and sexist" by this propaganda machine.
I've never heard the term "crypto bros" and I believe that 99% of all cryptocurrency supporters around the world are NOT racists and sexists.
I'm not advocating on Coinbase,since I'm not a fan of this company.Their corporate culture has almost nothing to do with the values of Bitcoin.They just want to make money out of Bitcoin/altcoins.
8  Bitcoin / Bitcoin Discussion / Re: PayPal is sending the wrong message on: November 30, 2020, 12:21:37 PM
No,you are wrong.From PayPal's point of view,this is the right message. Grin
And the message is:
"You can buy whatever you want with your PayPal balance,as long as there's still a way for us to get back your(our) PayPal money." Grin
Paypal views your account balance as their money,so they can do whatever they want with your account balance,while on the other hand,you can't do whatever you want with your money.
Every person with a brain,who wants to run an online business or to start trading cryptocurrencies should avoid using Paypal immediately.
9  Economy / Economics / Re: Deflation - Inflation - Hyper Inflation & Interest Rates Questions? on: November 30, 2020, 07:41:57 AM
Why the politicians want inflation?The answer is simple and it's called "inflation tax".
Inflation actually helps for increasing the tax revenue.Many countries have higher VAT taxes,which depend on the prices of consumer goods and services.Higher prices means higher VAT tax revenue.
The same things happens with property taxes.Higher property prices means higher property tax revenue.
Higher prices means more pressure inside the economy to increase the salaries.Bigger salaries mean bigger taxable income.
Anyway,lower inflation can be helpful for boosting the economy,because people have that "money illusion" about their income actually growing. Grin
In reality,the real growth minus the inflation is way lower(even negative sometimes).
10  Bitcoin / Bitcoin Discussion / Re: Chinese Police Seize 1% of Bitcoin’s Total Supply on: November 30, 2020, 07:22:33 AM
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The court said "the seized digital currencies will be processed pursuant to laws and the proceeds and gains will be forfeited to the national treasury." Still not 100% clear what that means"

Good news, isn't it?

How on earth it can be a good news?? Having 4 billion USD worth of crypto assets in the hand of an authoritarian government!! It's good that a ponzi scheme is busted but Chinese government is not at all favorable to cryptocurrencies.

I don't know what Chinese law says, but in general for any such kind of financial frauds, the government liquidate the seized assets and return the money to its investors. That liquidation happens in fiat currency so I assume Chinese government will sell off the seized crypto assets. That's not a good news in this bleeding market!

It would be way better,if the Chinese government directly refunds the coins back to the victims of that ponzi scheme.
Selling all seized coins at an auction won't be fair to all the people,who were scammed and lost their hard earned money.
Unfortunately,this will never happen and the authorities will most likely sell the coins and keep the money inside their treasure.
1% of the entire Bitcoin supply isn't that much,but I expect a small BTC price correction,when those coins are sold.
11  Bitcoin / Bitcoin Discussion / Re: Bitcoin is 88% premine to kids born today 100% to kids born in 2142 on: November 30, 2020, 07:02:44 AM
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Why not make a currency that everyone mines at the same rate upon creation of supply?
1 hour coin an hour or 1 second coin a second distributed to unique addresses. For the addresses you use a HMID, human id, fingerprint, iris, dna or heartbeat. You don`t even have to give up your name or address.

1.A cryptocurrency which is easy to be mined by lots of people will be pretty much worthless.
Mining costs are an important part of the overall value of Bitcoin.If it was really easy to mine Bitcoins,then would you even care about buying BTC?I don't think so.
2.All the "biorecognition" technology is still at a very early stage.Maybe in the future,people will use their iris,DNA or fingerprints to pay for goods,instead of wallets and addresses,but not today.
I don't get your point about Bitcoin being "88% premined to kids born today".Can you explain more?
12  Economy / Speculation / Re: The ultimate Black Friday Sale on: November 27, 2020, 12:33:56 PM
So we are in Black Friday, and just what, we have the biggest and ultimate sale of all time.

Bitcoin going down to $17k, so what are we waiting for? Time to get back and buy cheap bitcoin as this might not last. 10% discount in the last 24 hours.  Grin

Yeah,but Black Friday discounts are usually in the range of 30-90%.
Do you expect the Bitcoin price to go down by 30-90%? Undecided
A 10% price drop is nothing for a volatile asset like Bitcoin.
Those traders,who buy "cheap" Bitcoins right now might suffer losses from a new price correction or an upcoming bear market.Nothing is certain and nothing can be predicted,when it comes to Bitcoin.
13  Bitcoin / Bitcoin Discussion / Re: Black Friday Fiat Fail on: November 27, 2020, 12:09:17 PM
Having plenty of fun and games at work today.  The payment processor we use is experiencing issues and we are currently unable to process card payments.  Probably overloaded with the increased transaction volumes for Black Friday.  Such is the nature of central points of failure.

<insert 'Bitcoin user not affected' meme here>

What kind of payment processor are you currently using?
I think that the real competitor of Bitcoin/cryptocurrencies is cash,not debit/credit cards.
If we want mass adoption and global domination,we will have to make Bitcoin more convenient,secure and user-friendly than cash.
Cash payments will never face the problems that payment processors have.It doesn't matter if it's a fiat payment processor or a cryptocurrency blockchain.Digital payment systems always get stuck at one point or another.
14  Bitcoin / Bitcoin Discussion / Re: Reason for calling Bitcoin scam on: November 27, 2020, 07:09:43 AM
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This are the answers
  1.   Maybe because it's not visible, some people believe in what they can see ,feel and touch ,
2.one of Bitcoin was made for the purpose to eradicate the thrid parties during transaction, what if the thrid parties (banks) are already feeling the pressure of being washed away by Bitcoin and advertise it as a means of scam.
3. Most of the government has an annual share from financial institutions, so imagine a world that exist without banks only bitcoin.that means loss of profit, so they end up banning bitcoin in their country.
4. We are in the 21 century and we are getting more civilized by the year, but u can explain that to a layman or our parents so the believe it to be scam  eg Warren Buffet.

We are getting more civilized?Are you kidding me? Grin
Anyways,the banks don't advertise Bitcoin as a scam,because they are feeling any pressure.They can simply adopt BTC payments and buy Bitcoins(if the governments/central banks allow them).There's no reason for the banks to be afraid of Bitcoin.I don't believe that Bitcoin will ever going to replace banks.Maybe the banks will adopt Bitcoin and DeFi technology(if it's really worth it).
What do you mean by governments having "annual share" in financial institutions.The governments can get tax revenue with or without the banks.
15  Bitcoin / Bitcoin Discussion / Re: Are you scared? on: November 27, 2020, 06:43:02 AM
I do notice that some people naturally don’t allow bitcoin in any of their daily transactions or there daily activities even when it faster and easier they still not accept or permit it to there life, they still don’t prefer using it, I have noticed this a lot, Some classes of human,Sometimes when they are to receive money from another country like international transfer sometimes it takes 2 3 days to arrive,They will advise them to use bitcoin and they still don’t accept it even it faster and easier. How can we erase the negative thoughts of people over bitcoin? Nobody has any negative thoughts over dollars or there various currencies, We need to think about it.

Scared of what?Your title has nothing to do with you post,OP.
The "average Joe" still doesn't know anything about Bitcoin and thinks that BTC is a really complicated geeky tech currency,while in reality Bitcoin is much simpler and user-friendly.
People will stick to what's known-Banks and credit/debit cards.
Achieving global Bitcoin domination and making all the people feeling comfortable with Bitcoin transactions will take at least one decade.
16  Bitcoin / Bitcoin Discussion / Re: Blocking accounts by PayPal for crypto activity on: November 26, 2020, 12:21:22 PM
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What's the purpose of permanently banning an account and locking funds in it for 180 days? That's about six months and seems an awful long time to hold on to a user's funds without enough justification.

The 180 days locking period is supposed to be the time,in which all the users "scammed" by the paypal account owner have to refund their transactions.
By the way,the funds aren't locked for exactly 180 days.They are locked until the account owner provides all the documents required by Paypal-such as ID scan,bank statements,etc. and come explanation about the transactions.
Anyway,Paypal has an automated tracking system,which automatically reports active accounts with big sending/receiving volume for "suspicious activity".
This tracking system in combination with their slow customer support+the rules of blocking account funds for 180 days are the 3 reasons why everyone hates PayPAl.
17  Economy / Economics / Re: Different online business we can involve in on: November 26, 2020, 07:30:28 AM
Your lists consists online businesses and online jobs.
Building an online business and getting an online job are two completely different things.
An online business requires startup capital and you might have to wait for months or years,before you return your investment and get any profits.The probability of ending with a loss is huge.The competition is furious.
An online job requires skills,which you have to develop by practice and you have to spend so much time finding leads and customers and convincing them to hire you.
Another problem is that you will have to complete with freelancers,who are willing to work for $1 per hour.
Making money online isn't easy...
18  Economy / Economics / Re: JP Morgan takes a different stand than Wall Street - US Q1 GDP will decline. on: November 26, 2020, 07:10:00 AM
If Joe Biden assumes office and hikes taxes on the rich. They'll move to another country in protest of Biden's unfair taxes. GDP will decline.

If Joe Biden assumes office, hikes taxes and introduces harsh regulation on corporations like google, microsoft, tesla and amazon. They'll layoff US workers, cut jobs & move to another country. US GDP will decline.

Trump encouraged business and one percenters to move into the united states and invest in the country through tax cuts. If that statement is true. Would it make sense for Joe Biden and his expected massive tax hikes to carry an opposite effect?

The GDP isn't created solely by the rich.It's created by the middle class and the working class.
Biden will raise taxes on the rich,but the government will provide more financial support to the middle class,small businesses and the unemployed.
The big tech companies(Google,Amazon,Microsoft,etc.) were making big profits during the pandemic.Now it's time for them to take bigger responsibility and pay higher taxes.
Anyway,the US GDP might go down in Q1 due to new lockdowns and the continuing pandemic,but the economy will slowly start to recover by the end of 2021(if the vaccine really works).
19  Economy / Economics / Re: this pandemic have made me do research on things i never tought before economy on: November 26, 2020, 06:48:14 AM
so yesterday i did some research was reading also some educational things.
i found something interesting:  likely if we will open all world now then the currency might be hyperinflated.
So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.


The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.




i might be wrong but let me know guys.



There will be some inflation for sure,but the US dollar and the euro will never crash into hyperinflation.
A better way for fighting inflation is to increase the interest rates,rather than raising taxes.
More people will start saving money in the banks,when they see a higher interest rate.The banks will keep bigger fractional reserves in the central banks and they will also buy more government bonds,which will help for reducing the quantity of all paper money in circulation.
Raising the taxes after a recession is a economical suicide...
20  Economy / Gambling discussion / Re: Poker Site Buys $100 Million of Bitcoin Every Month to Pay Players in BTC on: November 25, 2020, 12:34:31 PM
This is great news.People wanting to get paid via Bitcoin are "forcing" some companies to buy BTC,therefore helping for increasing the global demand for Bitcoins.A great way to boost Bitcoin adoption,indeed.
The crypto gambling industry is having a good time and this is the right moment for the crypto casinos to step up and "steal" some players out of the fiat online casinos(even though some of the fiat casinos are paying with BTC). 
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