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May 29, 2024, 02:33:55 PM *
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1  Economy / Economics / Re: Work From Home or The "Laptop Class" is Immoral or Not? on: Today at 10:36:20 AM
https://www.youtube.com/watch?v=p1h0ejcJrXc

I just watched a video talking about Laptop Class where Elon sees working from home as moral issue. Curious to know what your take on this kind of view because there are actually people who also agree with him.  And some don't of course. It could be different in the Bitcoin community, just a Yes or No poll to answer, and sure thing it will be good to share your opinion on why you chose Yes or say No.


I'm also working from home and I don't see any problem with this. How can working from home be a "moral issue"? Morality is about good and evil and how you as a person could help or cause damage to other people. The people, who are working from home aren't causing damage to anyone. Elon is acting like a "butthurt employer", who wants all people to work 10-12 hours in the office(or wherever they work) instead of working home and having flexible work hours. Working from home is way more convenient for introverts like me. The extroverts could meet and socialize at anytime and anywhere they want.
2  Economy / Gambling discussion / Re: The Rise of Autonomous Car Racing on: Today at 06:08:40 AM
Hey punters, have you heard of the Abu Dhabi Autonomous Racing League? Maybe you have or not. If you haven't, Autonomous car racing is a rapidly advancing field that combines cutting-edge technologies such as artificial intelligence (AI), fast mobility stacks, innovative sensor technologies and edge computing to create high-performance vehicles that can perceive their surroundings, make decisions, and race competitively without human intervention. -https://a2rl.io/

When we talk about racing, we talk about the drivers, compare their performances, and all other odds but this is kind of different. It is all about betting on superior tech. Would you bet on an autonomous vehicle? How do you feel about placing your wagers on a race where the competitors are machines rather than humans?

I'm totally not interested in betting on car racing(like Formula 1 or NASCAR). Those so called "sports" simply aren't interesting to me.
I also would be totally indifferent towards this "autonomous car racing" league. This basically isn't a sport, because there aren't any athletes and it won't be luck based, because the richest autonomous car manufacturer would always win. So what's the point placing bets on such tournaments? I guess that the future is coming faster than we've expected. Maybe soon we will see robot sports, where robots fight and compete against each other.
3  Bitcoin / Bitcoin Discussion / Re: Forgotten password for a Bitcoin wallet from 2013 recovered, unlocking 43.6 BTC on: Today at 05:26:26 AM
Quote
But the crucial step is that RoboForm used the time of the system to seed the PRNG(Pseudorandom number generator) algorithm to generate the password. This reduced the number of checks dramatically and made it possible for them to crack it.

So basically this Roboform password manager service sucks and the users of that service should run away and replace it with another service.
Congratulations to the guy, who got his BTC back. If I remember this correctly, the Bitcoin price was around 1K USD back in 2013(during the first major bull run), so this guy did the right thing by investing in BTC and try the best he could to protect his wallet and passwords.
There's a reason why all cold BTC wallets tell you to write your seed phrases and passwords on a piece of paper. Password manager software and services should not be trusted.
4  Economy / Economics / Re: Would you prefer getting a loan for a startup or getting an investor? on: May 28, 2024, 10:43:54 AM
Quote
One of the major problem an average person that has an incredible business idea faces is the ability to raise the initial capital that's required to bring his ideas to life. and in solving this challenge, the available option has always ranged from iether taking a loan from a financial institution or seeking for investors that will take a particular percentage of the company and will in return provide the necessary financial support.

1.Usually 99% of the people, who think that they have "an incredible business idea" are fooling themselves and their "incredible business idea" kinda sucks.
2.Usually a big percentage of the people, who actually start a business around their "incredible idea" end up failing.
Getting a loan means that you take all the risk for you business, while getting an investor to buy shares of your company means that the investor will also take a part of the risk. The second option is better, but I don't see any small businesses outside the Silicon Valley getting funding from investors. Investing in startups is an extremely risky business, since most startups fail in the first 3 to 5 years of their existence.
5  Economy / Gambling discussion / Re: Is gambling bad to the society? on: May 28, 2024, 06:54:23 AM
Quote
People who gambles can be at risk of this following categories of harm.
(1) Financial harms
(2) Erosion of savings
(3) Filling for bankruptcy
(4) Relationship conflicts
(5) Neglect of relationship with significant other
(6) Neglect of relationship with children
(7) Extend family and friends
(Cool Social isolation
(9) Emotional or psychological distress

I don't wanna play "the devil's advocate" role here, but I have a question.
Do you really think that those people won't have the same problems, if they don't gamble at all? Some people are simply more vulnerable to depressions, addictions, etc. Gambling isn't the main cause of their problems. Gambling is the trigger, that could make their financial and emotional situation 10 times worse. It there wasn't any gambling, the same people could be drug addicts, porn addicts or alcoholics and their problems could be pretty much the same.
Anyway, the topic "Is gambling bad?" has been discussed 1000 times before. Your forum thread doesn't add anything new to the discussion.
6  Bitcoin / Bitcoin Discussion / Re: $1,200 stimulus check in 2020 = $12,392 in 2024 on: May 28, 2024, 05:59:31 AM
I agree with your point about investing in BTC, but there's a problem.
Stimulus checks weren't supposed to be spent on investing and buying crypto. The government wanted to help the poor and unemployed during the COVID lockdowns, so the stimulus checks had to be spent on food, gas and bills. I hate the concept of "helicopter money" because it boosted the inflation into another level. However, maybe the stimulus checks and all the money printing that has been done during the pandemic helped in boosting the Bitcoin price to levels above sixty thousand dollars. What if there wasn't any aggressive money printing and "helicopter money" during the pandemic? Would the BTC price hit levels 60K USD? I really don't know.
7  Economy / Economics / Re: First they ignore you: Are we (the Bitcoin/crypto users) about to win? on: May 27, 2024, 10:31:40 AM
Quote
So we, the Bitcoin/crypto users, should become even bolder. We shouldn't let politicians fool us with ETFs and other nice financial products. Because cryptocurrencies are not like any other financial product. They are needed to preserve the people's freedom and independence in a digitalized world, as an alternative to their surveillance fantasies (with cooperation from Google, Meta, Apple, OpenAI etc.).

If politicians want our vote, then we should insist that they have to commit to censorship resistance and cease all legal action against privacy tools.

1.The Bitcoin/crypto users are a very small voter group. The politicians will keep ignoring us as a voter group and focusing on other electoral groups. The active cryptocurrency users around the world aren't more than 30 million in a global population of 8 billion. This is less than 1%.
2.The Bitcoin/crypto users are more divided, rather than being united. There are Bitcoin maximalists, altcoin traders, NFT "investors", etc..
The division among the crypto community is a disadvantage and the "powers that be" will use that disadvantage for sure.
3.I think that around 80-90% of all crypto users don't care about privacy and censorship resistance. They care about making profits.
8  Economy / Gambling discussion / Re: When you are confident with your picks, do you win most of the time? on: May 27, 2024, 06:14:59 AM
I would like to ask everyone here who is into sports betting for some advice. I've come to realize that maybe I should start fading myself. I've noticed that my recent gambling journey hasn't been profitable, so I'm thinking maybe I'm missing something. I tried an experiment by just recording my picks and then betting the opposite of my analysis. Surprisingly, this resulted in profitable betting.

So how about you? Have you ever thought of this idea when your picks aren't hitting? I mean, if we keep following how we think and feel with our picks and it doesn't translate to profit, there's no reason to continue following the same strategy. But are we comfortable with betting against our own picks just for the sake of fading ourselves strategy?

I usually lose, when I'm confident about my sports bets. Maybe that's why I make really small bets and I tend to avoid parlay bets.
Trusting your gut feeling is a wrong approach, if you ask me. You need proper analysis of the teams you are betting on.
Don't fool yourself that your new method is going to win consistently. Maybe you just got lucky and in the next time your bets, that are opposite to your analysis are going to lose. At the end of the day, sports betting is based on luck, just like every other form of gambling.
9  Bitcoin / Bitcoin Discussion / Re: [Warning] Bitcoin layers are not here to stay. on: May 27, 2024, 05:36:16 AM
Well, you can't stop the developers from creating new stuff and promoting it to the average crypto bro.
Most new projects will fail, but there might be a project or two that will add value to the community and survive.
I agree that the BTC blockchain shouldn't be clogged with useless stuff(like the runes and ordinals). The developers should focus on off-chain solutions, instead of trying to put everything on the blockchain.
I also agree that there are some people, who wanted to make Bitcoin into another version of Ethereum(by adding DeFi, smart contracts and NFTs), but Bitcoin is Bitcoin and Ethereum is Ethereum.
There's nothing wrong with hard forking the BTC blockchain and creating BCH, BSV or whatever. All those forked Bitcoins have failed, without causing any damage to Bitcoin Core. Freedom is the most important feature of the cryptocurrency world. If some people prefer BCH over BTC, they are free to use it instead of BTC.
10  Economy / Gambling discussion / Re: Memecoin Gambling verses Normal Gambling - which is more profitable? on: May 26, 2024, 11:17:57 AM
Quote
Anyone who truly understands what investing really is, would or will agree with me that investing in memecoin currently, most especially on the Solana and Base blockchain; have become a gambling on its own, I've tried both normal gambling, and gambling on memecoin on the Solana blockchain, and I can't really tell, which is more profitable.

Gambling isn't supposed to be profitable for the gambler. Gambling is supposed to be a fun way to spend some time and money.
Investing in shitcoins and "pump & dump" schemes isn't actual investing. It's more like jumping into a ponzi scheme and expecting to win big money. I wouldn't even compare it to gambling. In gambling at least there's a change for you to win big. In those pump and dump schemes, only the creators of the shitcoins are the ones making actual money. The "shitcoin investors" are losing their money, just like the people, who "invest" in ponzi or HYIP scams.
11  Economy / Gambling discussion / Re: A lot of people in this section do not understand basic gambling concepts. on: May 26, 2024, 07:14:51 AM
As House Edge or Expected Value.

What percentage do you think they are?

It's hard to get an estimate right but I'd say it's pretty high, like more than 50% of those who write here. So it is understandable that every now and then we are seeing threads about someone who believes he has found a new variant of the Martingale with which he is going to beat the house.

There are also those who think that if in a site with an HE of 2% if for your VIP status they reduce their HE by 10%, they are giving them a negative HE (or a positive Expected Value) of 8%, instead of realizing that what they have reduced is the original HE from 2% to 1.8%.

Many have some idea of the concepts and use them to write here to meet their quota but do not really understand them.

I don't see any posts about martingale in the Gambling forum right now. There were many posts about martingale several years ago.
Most gamblers aren't high IQ so it's kinda normal for them to seek some magical "gambling strategy" that will bring them consistent profits. Grin
A decent IQ level is also required to understand that 10% out of 2% is 0.2%. Grin Maybe some people have skipped Math classes in their teenage years.
12  Other / Politics & Society / Re: All in my head.. on: May 26, 2024, 06:26:29 AM
If doesn't really matter, if the US president is going to be pro-crypto or anti-crypto. Trump was anti-crypto several years ago, and nothing happened, the crypto industry in the USA wasn't damaged at all.
What matters is the number of pro-crypto congressmen and senators. The legislation is being passed in the Congress and Senate, the president can only approve or the deny the laws.
Blackrock are really powerful and have big influence over politics, but I doubt that they are totally pro-crypto. They will just use Bitcoin/crypto as a tool to gain more profits(which is perfectly normal, all crypto investors also want profits). However, I don't think that the people, who rule Blackrock are believers in the core principles of Bitcoin
13  Economy / Gambling discussion / Re: How Casinos Manage Withdrawal Limits and transaction Fees on: May 24, 2024, 06:46:11 AM
Several casinos have their minimum withdrawal amount that they have set up and which all their clients must adhere to.  Personally I know that the minimum limit by casinos is mostly to offset or process transaction fee that could happen during withdrawal. But what I don't understand is how this works. If a casino says their  withdrawal limit is $10 and I have won $10 which I want to withdraw. I am able to withdraw the $10. so where did the money the casino use in processing the transaction fee come from?

*Edited for better understanding

Thanks

Why don't you ask a crypto casino owner? I'm sure that 99% of the gamblers(including myself) don't know how a crypto casino handles hundreds or even thousands of withdrawal transactions every day. Are the withdrawals handled manually or automatically? I think that it's more likely that there's some sort of automatic system to handle this. Almost all websites, that are paying out money to their users have a minimum payout. What if some website pays out money to it's users via Paypal? There are transaction fees charged by Paypal and I assume that the website covers those transaction fees, when paying a certain amount to the users. Maybe the same applied to crypto transaction fees, the crypto casinos are covering them, when they are paying crypto to the gamblers.
14  Bitcoin / Bitcoin Discussion / Re: The difference between gamblers and real Bitcoin investors? on: May 24, 2024, 05:55:45 AM
There's no such thing as "investment profession". Day trading might be called profession. Investing in general isn't a profession, because the investors might have regular jobs and investing is their side hustle or a way to make their savings grow.
The comparison between gamblers and investors has been done a thousand times and it's plain stupid.
Gamblers: Spending money on luck-based games, expecting big profits with no effort (and most of them are doing this for fun).
Investors: Trying to invest their savings in order to get a steady ROI and to grow their wealth.
In summary, comparing gamblers to investors is like comparing apples to bananas.
15  Economy / Speculation / Re: Is $84k the Peak for Bitcoin? on: May 23, 2024, 10:18:26 AM
In the latest video analysis, Crypto Banter predicts that Bitcoin could potentially reach $84,000 within the next six weeks. This forecast is based on recent Bitcoin closing prices surpassing key levels, indicating a strong bullish trend.
Key technical indicators, such as the lower RSI levels, support the bullish sentiment for Bitcoin. Bitcoin has been consolidating for 82 days, and breaking above $74,000 would signify the beginning of a new uptrend phase. All indicators suggest that, with strong technical analysis and market dynamics, Bitcoin could potentially reach $84,000 within six weeks.

What do you mean by "the peak for Bitcoin"? The peak Bitcoin price for 2024 or the all time peak price of Bitcoin, which will never be reached again? If you are talking about the yearly peak price of Bitcoin, I really don't know if 84K USD is the goal. The BTC price might be above 84K by the end of 2024 or 84K might not be reached in 2024. I expect the market to calm down during the summer, so there's no reason for me to believe in such short term bullish predictions. It's more likely that the price will go back to 60-65K USD, rather than going up to 75-80K USD.
16  Economy / Gambling discussion / Re: UEFA Europa League 2023/24 Season on: May 23, 2024, 06:47:57 AM
I guess that my concerns before the match were true(even though even I wasn't expecting this to happen).
Italian teams should never be underestimated and it was about damn time for the "51 games without a loss" record by Leverkusen to be broken.
Atalanta started the game in the best way possible, with two early goals, so they switched to a more defensive play with sharp counter attacks.
Bayer was not really concentrated in the first 30 minutes of the match, and they got punished. The German team had control over the ball, but their attacks weren't as dangerous as Atalanta's attacks. Congratulations to the Italian team.
17  Bitcoin / Bitcoin Discussion / Re: If this is doable what will you add or remove? on: May 23, 2024, 06:04:59 AM
Let's all pretend to be a developer for today, and I have a question for you all.

If you are to add 1 thing to Bitcoin what will it be? And also if you are to remove just one thing from Bitcoin what will it be?



Remove: Runes and Ordinals. This is the most obvious answer ever. Grin
Add: To be honest, I really don't know. Maybe adding something to the Bitcoin blockchain would make it congested again, just like with the Runes and Ordinals. Bitcoin is just fine the way it is and adding new features on the blockchain will ruin the experience and make the transaction fees higher. Adding more privacy features in the BTC blockchain and making BTC look more like a privacy coin could be a step in the wrong direction. The governments will become really hostile towards BTC and a mass ban might occur in the future.
I would just follow the saying "If it works, don't touch it."  Grin
18  Economy / Service Discussion / Re: Im looking for passive ways to earn yield daily weekly ? on: May 22, 2024, 11:26:45 AM
Daily /weekly ?
What Are the risks and rewards what about NEXO it's safe enough to stake or earn yields there ?
any good places for usdt and usdc to earn what are the roi daily weekly ?
In otherwords Im looking ways to put my money on work.


Who the hell is going to pay you 5-10% daily or weekly interest rate for your investment?
5-10% daily/weekly is an absurdly high yearly interest rate. If somebody promises me 5-10% (or even 2-3%) daily or weekly interest rate,
I would be 99,99% sure that he is a scammer. If you want yearly interest rate, you could stake some altcoin like Solana or use Freebitco.in and leave some coins there for 4% per year. However, I do not recommend any crypto lending/staking services and this isn't a financial advice. Do your own research and invest your money at your own risk.
19  Economy / Economics / Re: Luxury items stock will be good way to go on: May 22, 2024, 10:46:33 AM
I think Luxury items brands cucci Ferrari or some yacht companies Luxury resorts and hotels.
and even in recression those things always on high demand and when we look at geopolitical situation all over the world by all those issues at the end more and more wealth will go to hands who will consume luxury goods.
It's like bank robbery lol...let them rob bank and i'll get some % asweell without doing anything because the money end destination will be luxury brands:)
More poverty might mean that a lot money for few and it's good for luxury brands life is short off course they want taste touch and feel all the finest things in the world.


I agree that the number of millionaires and billionaires around the world is steadily growing(it will grow even if there's a global recession), so the rich people would always want to buy luxury items. However, I don't think that this growth will be huge and the stock prices of the companies producing luxury items won't be facing a major bull run. The best niches for stock investing are AI/microchip industry, green energy companies, electric vehicles and maybe the weapon industry. The luxury markets will stay stable, but they won't be facing major growth anytime soon.
I don't get your reference about bank robbery. Do you really think that all the rich people became rich by stealing money and scamming the people? Maybe your entire forum thread was just trolling. Grin
20  Economy / Gambling discussion / Re: Lunatic gamblers who says Airdrop rewards are free funds. on: May 22, 2024, 07:24:10 AM
There is absolutely no Source of income that is free but some of my Bitcoin investors friends who are as much gamblers would not want to agree to that.
Currently, there had been several airdrops projects ongoing which participants are earning crypto coins without investing of money but executing some tasks.

So some of my friends says such funds are free money so they are delighted dedicating it to be spent on gambling and when they lost it all, it would be easier to let go because they did not stress to get the money.
Meanwhile... This usually comes a huge amount of money beyond their normal gambling budgets.

To me, they can utilize these so called free money by adding it up to their Bitcoin portfolio or even used it to spend on necessary things instead of dedicating to lavish it on gambling.

I don't understand the point of this forum thread.
Are you complaining about airdrops or you are complaining about your gambler friends spending airdropped coins on gambling?
Bitcoin back in 2009-2010 would also probably been viewed as some sort of "free money". You never know which airdrop project would become successful and which one would end up being scam/worthless. Most of those crypto projects end up in the trash.
When you get something for free, you just don't cherish it and you are more willing to waste it away. This is pretty normal mentality.

 
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