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721  Economy / Economics / Re: Benefits of Bitcoin and other cryptocurrencies to the global Economic Structure on: August 01, 2023, 12:30:28 PM
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1. An increase in economic activities:

2. Better for poorly banked countries:

3. Transaction cost is low:

4. More transparency of transactions:

5. Hacking is almost impossible

6. Anonymity is beneficial

1.I wouldn't say that cryptocurrencies have any impact over the level of economic activity worldwide. The crypto world is still relatively small, compared to the global economy.

2.This is partially true, but most of the population in the poorly banked countries don't have computers and internet.

3.Transaction costs are sometimes low and sometimes high. It depends of which cryptocurrency you are talking about.

4.There's no transparency if you are using Bitcoin mixers or privacy coins like Monero.

5.Nobody can hack the blockchain, but hacking a cryptocurrency wallet is completely possible, so you are wrong about this.

6.You are contradicting yourself. You can't have more transparency AND more anonymity at the same time. It's either the first or the second. You can't have both.

In conclusion, OP's forum post seems like a bunch of generic bullet points, written by some AI. However, I might be wrong about this. Grin
722  Economy / Gambling discussion / Re: Playing Slot Games On Demo/Free mode Vs Live/Paid Mode on: August 01, 2023, 11:38:00 AM
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Is it possible that playing slot game in demo mode has some kind of connection to playing it on live mode, like is your playing data on live mode transferred to demo mode and vice versa if at any point in time for some reason, you switch in-between those modes ?

The "playing data" doesn't matter. The slot games are just rigged in a particular way, so that you will win a lot while playing demo and you will win small and start losing big afterwards, while playing in paid mode. This is a "secret" that everybody in the gambling world with an IQ above 100 knows. Grin And yet everyone keeps saying that the slots/dice games are "probably fair" and nobody gets scammed by the casino.
The demo game is designed to hook you up into paid mode, by having all those easy winnings and shiny signs on the dashboard.
This is just plain and simple marketing. There's a reason why all the slots games look so shiny, flashy and colourful.

 
723  Bitcoin / Bitcoin Discussion / Re: Certified Bitcoin Professional on: August 01, 2023, 05:34:09 AM
I would never pay any money for such bullsh*t.
Passing one exam and buying one course doesn't mean that you are a true professional. There must be a 4 year long university program for becoming an expert in cryptocurrencies and blockchain technology. The participants in such program must practice their skills for months or even years. Learning theory is only 20%, building skills by practice must be 80% of the entire crypto/blockchain education.
I guess that those "crypto organizations" OP is mentioning have found an easy way to make some easy money by selling "certificates" to a bunch of gullible crypto noobs.
724  Economy / Economics / Re: These are the top 100 brands by value in 2023 on: July 31, 2023, 10:34:42 AM
Calculating the monetary value of a brand seems pointless to me. Nobody would pay 299 billion only for the sake of owning the brand "Amazon".
The actual people, who work in the company are the ones, who make the brand valuable.
The brand "Amazon" would be worthless, if Amazon was managed poorly and the customers were unsatisfied. The same thing applies to Google, Apple, Samsung and the rest of the companies. I'm not a big fan of Tesla and TikTok, but who cares. Grin
The company's brand is just a shiny package without any content inside.
By the way, I'm surprised that Meta/Facebook/Instagram isn't in the TOP 10. Maybe that's why Zuckerberg is desperate, so he created this "Threads" app. Grin
725  Economy / Gambling discussion / Re: Why is Gamble gaining more fans than Bitcoin? on: July 31, 2023, 06:50:29 AM
In the world to day gambling is leading instead of BitcoinBTC (crypto currency) and more are still wanting to join gambling because the minimum age to gamble is 18+ and lot of upcomings are waiting and this is the total amount of gamblers, so let's talk about the crypto currency (Bitcoin) we all know that Bitcoin is a good investment and it has changed a lot in the crypto world but the interesting part is that the numbers of Bitcoin investors can't be compared to gamble and my question is Why? or  is the risk involved in Bitcoin higher than gambling risk?
Just chesk this source

You are comparing apples with bananas here. Gambling existed decades before Bitcoin and Bitcoin in itself has nothing to do with gambling(other than being used in crypto casinos). Bitcoin wasn't created by Satoshi Nakamoto with the whole purpose of being a "casino currency". Cryptocurrency trading/investing might have some similarities with gambling, but I would never compare it to gambling.
The combined gambling industry (by combined I mean crypto+fiat) is always going to be bigger than the cryptocurrency trading industry.
I don't know why do you have to compare those two. Such comparison doesn't mean anything.
726  Bitcoin / Bitcoin Discussion / Re: Way to explain what is the bitcoin on: July 31, 2023, 06:04:07 AM
Btc is cup money is liquid the water and Banks are from the word like a River bank.
So money currency is water and btc IS the cup all assets gold btc and other crypto are the cups where the money the water flowing in.

Those who got cups to collect the water when it's raining those got most of the water so to speak they got most of the money.
If u sell btc early it means you empty your cup ...btc is big cup small coins smaller cups they full faster then biggest cup the bitcoin.

Those who got cups when its raining they collect the most of the money more water more cups needed to collect water.

1.Try to improve your English.
2.Your comparison is wrong. Comparing BTC to a cup means that your earning or investment potential is limited(or that the amount of BTC, which you can store in a BTC wallet is limited).
I would compare Bitcoin mining hardware to cups full or water, because their earning potential is limited to their capacity(and several other factors like electricity prices, hashrate, current BTC price, other costs, etc.).
Fiat money is a like an ocean of low quality salty water, while Bitcoin is like a stream of fresh high quality mineral water, which you can drink.
This is a way better explanation of what Bitcoin is in my opinion. Grin
 
727  Economy / Speculation / Re: The time has finally come...??? on: July 30, 2023, 10:10:24 AM
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Now with the recent events that have taken place, we all can see the bull rising off the dusts

What recent events? Can you elaborate more on this? I don't see any big bullish news about Bitcoin right now.

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The time has finally come...Huh

The time for what has some? Isn't this the most clickbait forum thread title I've ever seen. Time to buy or time to sell? Grin
The BTC price had dropped from 30K to 29K USD(which is close to nothing). Why are you acting as if some major Bitcoin price pump is happening right now? The bull run is going to happen in late 2024 or early 2025. The end of 2023 is going to be stagnant for Bitcoin/crypto.
If you want high quality and thought provoking comments, you must create a high quality thought provoking forum thread first.
728  Bitcoin / Bitcoin Discussion / Re: Bitcoin Mining is friendly to the Environment says MIT on: July 30, 2023, 06:32:26 AM
1.Such studies won't stop the environmentalist fanatics to keep insisting that Bitcoin/crypto mining is polluting the environment.
The environmentalists no longer believe in logic and science. They believe only in their own "religious dogma".
2.I'm becoming more and more skeptical about all this "human impact over the atmosphere" thing. It seems to me that we can't control the process of global warming and the global warming will continue, even if we stop all carbon emissions. The point of no return has been reached.
729  Economy / Gambling discussion / Re: A weird belief among some gamblers. on: July 30, 2023, 06:01:59 AM
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I was shocked when the young man refused with the excuse that he doesn't share his predictions that sharing it will make him lose his bet.

Yes, many gamblers are superstitious. And yes, believing that someone making the same bet as you will make you lose is just dumb. Grin
Sharing your bets has no impact over the outcomes of the sports game. Unfortunately, some people are mentally challenged.
I have read some study showing that most gamblers have medium or low IQ. Maybe having low IQ has something to do with believing in superstitions.
I have always thought that sports bettors are less superstitious than the traditional casino gamblers and the lottery players.
So far I have never seen a legit research or survey/poll about this topic(gambling superstitions). Most gamblers would try to hide their superstitions anyway.
730  Other / Off-topic / Re: elon musk changed twitter Logo and he want to buy a twitter account for $69.42M on: July 28, 2023, 10:13:52 AM
Do you really think that this is serious?
This is a joke. "Nigerian prince phone number"? "69 hours". 69.42 million.... Grin
1.Buying and selling accounts is against Twitter's Terms of Service.
2.Elon Musk is the owner of twitter, he could simply ban/suspend/delete this X account and take possession over this username/Twitter handle.
Not the nicest thing to do, but who cares. Grin

I kinda get Elon's plan to build a "super app", that will have many functionalities, but buying Twitter and totally changing it's brand, logo and business model still seems like a mistake.
731  Economy / Gambling discussion / Re: Top 5 Things to Consider When Choosing an Online Casino on: July 28, 2023, 05:29:59 AM
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When we say security, we mean your information and your money. Non-crypto casinos require all your information, sometimes even the last four of your social security number, before you can open an account and start betting.

Crypto and bitcoin casinos require an email. That’s it. Also, every deposit and withdrawl is via a specific code. So the chances of your transactions being hijacked is close to zero.

I guess that you have never heard about crypto casinos requiring KYC verification, in order to approve a withdrawal. Grin

I'm glad that my crypto casino won't break the laws of Costa Rica, even though I live in Europe and the legislation here is different. Grin

Even "secure" online casinos can find ways to scam their customers and refuse withdrawals.

Why do I feel that a total newbie in the the crypto gambling world has created this forum thread. OP, you forum post seems really generic and ignorant. Perhaps you should learn more about crypto gambling, before writing such threads.

732  Other / Politics & Society / Re: Bankman-Fried WON'T face federal charges over $90M donations to Dems on: July 28, 2023, 04:50:17 AM
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The reason for this is said to be the treaty obligations to the Bahamas. Under the terms of the extradition, any additional charges (made after his initial arrest) would have to be approved by the Bahamas.
Daily Mail also reports that he had five other charges dropped in June (I don't know any details of that though). If this trend continues, he'll be free in no time.

Those are some weird treaty obligations. Grin I guess that Sam Bankman-Fried has connections with the establishment in the Bahamas, so they will cover his back and refuse to approve any additional charges. Grin
I guess that there might be some sort of settlement between SBF and the prosecution, so that SBF will have to pay a big amount back to the FTX investors in exchange of not going to jail.
Donating money to a political party isn't such a big crime(even though it violates the law). Stealing money from your investors is the biggest crime here and I don't believe that SBF will get away without any consequences.
733  Economy / Speculation / Re: The price of a Bitcoin could cost millions of dollars: Standard Chartered on: July 27, 2023, 10:08:06 AM
Did anyone from this Standard Chartered bank said HOW Bitcoin will rise to 100-120K USD, instead of WHEN?
To me, the most important question is HOW, not WHEN. Maybe the analysts at Standard Chartered have some secret insider information about big institutional investors entering the Bitcoin market by the end of 2024. Or maybe they have insider information about some middle sized underdeveloped country in Asia, Africa or Latin America declaring Bitcoin a legal tender. Grin
I have the feeling that this "analysis" is more like a marketing move. Some Bitcoiners might see that Standard Chartered is totally bullish on Bitcoin(which means that Standard Chartered might be pro-Bitcoin) so they might start using this bank, because they think it supports crypto.
That's a sneaky marketing move(if it's actually true).
734  Economy / Gambling discussion / Re: Irresponsible behavior at the Las Vegas Casino on: July 27, 2023, 06:50:35 AM
A man run naked in a Las Vegas casino (Linq Casino) and jumped on the poker table and started to dance. He was arrested instantly by the security, however his family says that he was drunk and therefore he did such type of act.

More details can be read here Naked Gyrating Guy Arrested at Harrah’s Las Vegas Was Drugged, Family Claims

The point here is why gamblers do such shameless acts and what the rules of the casino suggest the penality for these acts. Do you think the gambler did it purposefully perhaps to become popular in the headlines  Huh

This news has almost nothing to do with gambling. This guy would've entered a church or a school naked and I wouldn't see any difference. Grin
Do I think that he did it purposefully? He was drunk(or maybe on drugs). Do drunk people suddenly decide to do stupid shit purposefully? Of course not. Doing some stupid crazy shit only for the sake of becoming popular and getting into the newspapers for one day is the dumbest idea I've ever heard. This casino would most likely never allow him to enter the door again.
735  Bitcoin / Bitcoin Discussion / Re: RFK Jr Says He Purchased Bitcoin For His Kids on: July 27, 2023, 06:18:24 AM
It's not free advertisement because the man is courting the people for support. As well as donations, of course. By clearly speaking out his stand in favor of Bitcoin, he's certainly hoping that the community that is also in support of Bitcoin will rally behind him. This is elections season.

Anyway, quite similar to mk4's question, why "as a collectible" when Kennedy Jr. has probably not even once called Bitcoin as a collectible? He called Bitcoin the "perfect base currency," an "exercise in democracy," and others but not as something to be merely collected.

How many Bitcoiners are US citizens? Several million? Not a big enough number to win the elections, if you ask me.
I remember that in the 2020 US presidential elections, another candidate from the Democratic party was pro-Bitcoin, but he got a ridiculously low amount of support. I even forgot his name. Stating that you are pro-Bitcoin doesn't mean anything. What if a republican candidate also declares, that he supports Bitcoin? I think that Ron DeSantis also made some public statements in favor of Bitcoin/crypto.
Most crypto supporters are right wing libertarians, so I doubt that they will support a left wing liberal/socialist candidate.
736  Economy / Economics / Re: The gloomy light called subsidy. on: July 26, 2023, 11:33:33 AM
The subsidies don't come from the sky. The government must take money from someone in order to give subsidies to certain businesses and groups of citizens. It's all about redistribution of wealth. I'm against subsidies, because many businesses become dependent of them and they lose their competitive advantage the moment the subsidies are taken away from them. I'm also against subsidized prices of goods and services(even food, gas and oil), because this deviates the free market and lowers poor people's motivation to develop some skills and find a better paying job. Having high levels of resource redistribution is mostly bad for the effectiveness of almost every economy around the world.
737  Economy / Gambling discussion / Re: Saudi Professional League 2023/2024 on: July 26, 2023, 06:42:32 AM
Yesterday, I saw news on the TV, that the Saudi Arabian sports ministry will give Saudi football clubs approximately 19 billion dollars in the form of subsidies, so that the football clubs could buy world class players from Europe. Is this true?
It seems that the Saudi professional league will completely destroy football, by flooding it with money. "Football inflation" was a thing in the past 10 years, and now it's getting ridiculous. I'm sure that we will be witnessing the first football player, who costs 1 billion dollars in the next one or two years(this might not be Mbappe). This is totally absurd. Can't FIFA just step in and do something about this?
738  Bitcoin / Bitcoin Discussion / Re: To Understand the Potential of BTC, What we Must Know? on: July 26, 2023, 05:47:15 AM
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2.We can remain anonymous while hiding our real identity which is not possible in banks. So that's how we will save ourselves from debit/credit card offers from the banks. We would save ourselves from all the offers or i would say phishing offers by banks to borrow money or lend money to earn more interest etc. which will sink our money. other than this, we will save many other offers coming directly or indirectly from the banking sector, how do they know about our current financial situation? Because they have our whole information and they know about us but here on the BTC blockchain that's not an option.

3.BTC blockchain is decentralized and i know even the newbies know this, that Decentralization is the only thing for which BTC has been made (if I am not wrong about the financial crisis of 2008 in which the centralization of banks becomes a reason of all banks collapsed I know the other reasons too but i am just writing the whole story in one statement).

4.BTC Blockchain provides us the level of security that banks don't because there is no single vault or wallet where all the money is placed. There is no single entity owning the whole BTC blockchain that could run away with all the money (Rug Pull). BTC blockchain is tamper-proof while the banking sector still has many back doors even in the age of modernization.

2.This is partially true, because centralized crypto exchanges(that require KYC verification) are still a thing.

3.This is true.

4.Bitcoin/crypto security(in a cold wallet) is a bit different than holding money in a bank account, mostly because the user is 100% responsible for keeping the coins in his own cold wallet safe. That way, you can't blame anyone else for you own mistakes.
Bitcoin/crypto security when it comes to using centralized crypto services(and their hot wallets) is basically the same as leaving your money in the bank and hoping that the bank won't steal your precious savings. Grin

CBDCs are an idea of the central banks, not the commercial banks. The central banks want more control and more control means less decentralization. CBDCs cannot be truly decentralized.
739  Economy / Economics / Re: Food security in the world has been shaken by Russia's actions on: July 25, 2023, 10:02:52 AM
A lot of unnecessary panic has been spread by this "Russia stopping the grain deal" news.
The annual global grain production is somewhere around 878 million tons. Ukraine's grain export is 30 million tons and dropping fast.
I don't think that the lack of a new "grain deal" would cause such a big food crisis around the world. Russia will export more grain to the African and Asian countries, while Ukraine will also try to export more grain via railroads down to the harbours in Romania, Bulgaria and Greece.
The Odesa harbour was severely damaged by Russian missile strikes and any ships trying to enter the Ukraine territorial waters might be considered a military target by Russia. Unfortunately, this horrible war won't stop anytime soon.  
740  Economy / Gambling / Re: WebSport.io - Dex Sports Betting on: July 25, 2023, 06:27:28 AM
1.Why don't you finish your website and make it fully functional before posting an announcement thread?
2.Why don't you make a proper announcement thread? Your thread doesn't even have a live link to your website. This looks suspicious and I don't want to visit your website by typing the domain name in the browser bar.
I have never seen a successful fully decentralized sports betting platform. Many forum members(including me) have doubts that your sportsbook will be truly decentralized. I have never used the Binance smart chain before and I know nothing about it. Isn't the Binance smart chain actually centralized? Doesn't Binance have full control over the Binance smart chain?
Anyway, good luck with this project, OP.
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