Bitcoin Forum
May 04, 2024, 04:59:07 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 [59] 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 ... 268 »
1161  Economy / Economics / Re: 6 billion to solve world hunger? on: November 03, 2021, 04:54:02 PM
One should understand the fact that this is theory.
When we talk about practical application, we would know that, corruption, bad government, people they all have tons  of influence on this thing. Plus we cannot really evaluate world hunger in that way.

Elon Musk might be willing to, but how does he plan on getting the money where it's supposed to be ? That's the whole point. Plus at the same time even though what's already already given to countries and the UN is way enough but the reason the problem is still there is they are not able to solve the corruption and get the whole thing coordinated.

How about Elon Musk gives this much? We all see where it's used since he uses bitcoins?
Plus they make the transactions private and we can see where it's going, to the exact place and person. But would they do it ? I don't think so.

1162  Bitcoin / Bitcoin Discussion / Re: Not your vault, not your money. Why some nation-states will HODL Bitcoin. on: November 03, 2021, 04:19:48 PM
The reason why it's not a good idea for nation states to hold bitcoins, is because they might try and influence the market in their own way, the illegal activities especially with Taliban might be problematic for the long term. I do hope they don't try and hold bitcoins since it would cause troubles for the long term.

The Taliban will never EVER see that money again. If only there was a robust, self-sovereign, censorship-resistant currency that an entity can actually HODL in their own actual custody, without any counterparty trust. Cool


I guess that will entail locking up national fund (which would be in crypto) in smart-contract based on national rules, that can only be released to another government once all agreements are fulfilled.
If the contract says only release the fund to legitimate government (government that follows the law or did what is moral to come into power), nothing will be released if they didn't meet the requirement.

At the same time the whole idea of putting a strong nation in charge will cause troubles as well. There is no single reason to believe they would be fair.

Smart contracts are an amazing idea.

The people in Afghanistan should try and hold some bitcoins though, it would help them a long way since the government is basically done for they would get a backup and would be able to earn profits as well.

A complicated situation here let's see how it goes.
1163  Economy / Economics / Re: The Largest Crypto Exchanger in Thailand has been acquired by Commercial Bank on: November 02, 2021, 06:48:44 PM
I think this might be positive and negative both. For example when we talk about the negative side :
There is always a fear of manipulation

When we talk about the positive side :
We might see many more banks and centralized exchanges coming forward to doing the same making the crypto market and the whole centralized banking system more integrate.
Which could provide us with better results in the future, faster transactions, stronger connections and more approvals from other sides as well. This can increase the scope of cryptocurrencies. The people who are already engaged with the banks will have advantages in lieu of trading etc..

This can be a mutualistic relationship between the two of them and can go further for a really long time. Therefore I think this might be really good.
1164  Bitcoin / Bitcoin Discussion / Re: Reason for bitcon flash drop. on: November 02, 2021, 05:05:07 PM
According to this article Bitcoin price plunge wipes hundreds of billions from global cryptocurrency markets
, the dropped was may cause by long term investors trying to cash out for profit, but one thing that coincides with the timing is the Direxion Bitcoin Strategy Bear ETF which is betting against the success of bitcon.

Here's the exact text from the article.

Quote
What caused the drop in Bitcoin price?

The crash is partly driven by long-term holders selling at a high to take home profits, according to blockchain data. That’s typical following a price spike.

But it also coincided with financial company Direxion filing for a new bitcoin exchange traded fund (ETF) that would bet against the future price of the crypto.

It will be called the Direxion Bitcoin Strategy Bear ETF, according to its filing with America’s Securities and Exchange Commission
.

Is this a hindrance to the success of bitcoin in the future?

How and why?



This was posted on October 29.
Today : November 2nd we are actually seeing a positive growth, like right now if you analyze the market I think it's not bad for the overall health of Bitcoins.

That's just how investments work, when the price rises people usually sell their holdings for some money and when the price goes down it's usually balance by other, new investors, therefore if we are talking about this situation here, it's not at all a bad one, it's pretty normal.

As you can clearly see that the price bounced back up and soon enough we might see bitcoins hitting heights in 2022.

Plus people are rolling their investments in futures as well. The companies also sell something like micro futures as I have heard.

It's nothing to be worried about, it's a healthy market chart.
1165  Bitcoin / Bitcoin Discussion / Re: What are the effects of the G20 Summit on the Crypto Ecosystem on: November 02, 2021, 04:37:44 PM
This is going to make crypto mining more sustainable in the near future. Since people would start using more renewable options, they would have to invest first though but it pays off usually for the long term. It might be a challenge for a small individual miner but let's talk about things that can be done :

1. People can evaluate their country and the renewable sources of energy that might work for them, for example in an area which receives a lot of sunlight, the best one would be solar energy

2. This would give them efficient options for the long term and they would be protected as well from pandemic and unexpected situations.

3. This would also be a positive impact on the overalls situation of mining etc.

The G20 summit is not just about climate though therefore I do believe that in the future they can crack down regarding bitcoins and can end up making things hard for the users.

1166  Bitcoin / Bitcoin Discussion / Re: No, China is not planning on unbanning bitcoin mining on: November 02, 2021, 04:01:29 PM
Probability of China doing it might be zero right now but I do think we don't really need China to actually unban bitcoins and other cryptocurrencies, their mining as well, since at the end of the day, There is always a fear of them trying to manipulate the whole market, which can be detrimental to the whole system.

Plus the media in China portrayed it to be super negative as well, they did say things about it being a tool to support illegal/criminal activities and at the same time a threat to the people's asset. Which I do think shows their outlook on whole virtual currencies.

At the same time they do need popularize their own digital yuan.

Considering the situation with non essential factory shutdowns, the government might now be so adamant on keeping the cryptos on the bay and letting them in so soon, maybe in the future when it might become a necessity they might reconsider but right now for the time being FUD's needs to be ignored.
1167  Economy / Economics / Re: Financial Stability - Get yourself non ending economic circle. on: November 01, 2021, 06:12:38 PM
I do think we missed out something here:
"Investment in your education"

People who understand that even though education takes time and effort at the end you might end up in a 9-5 job but whats needed is you to realize, what you are good at and what separates you from the crowd ? What are your strengths? What are your weaknesses? Then you spend your time harnessing them.

Money definately cannot give you all the satisfaction in the world, its needed to do a lot of soul searching as well, things needs to be taken care of in emotional sector as well and there is one quote that I wanna share, I don't remember when and where I read it but it did hit me :
"If you love your what you do, you don't work even a single second of your life, you enjoy it"

1168  Economy / Economics / Re: Getting things off your list. on: November 01, 2021, 05:34:38 PM
I do not understand this concept at all. If you are waiting for it that means you might not be financially ready for it, therefore buying a house in a very expensive place might mean you would have to compromise on many other things. There are places where renting is cheaper for long term and buying a house would need a lot of other things, might not be too easy for a lot of people as well.

I think it's wiser to look for opportunities and investments that would grow eventually and would not just be a burden. Buying a car would mean that you are investing in something whose value will decrease overtime and if you do invest that money in someplace else like bitcoins and other cryptocurrencies, you can keep making long term profits.

It's not just being in a haste it's more about choosing things which are right for you and for your financial situation at that moment.
1169  Economy / Economics / Re: Bitcoins economic growth is enormous in India | Amazing Future ahead on: November 01, 2021, 04:28:37 PM
Undoubtedly the future of Bitcoins in India might be rewarding. Even though the data might not be correct we can be sure that the government, if they did support bitcoins and backed them up, sooner or later India might top the charts.

The data is highly inaccurate but we can always express great joy on it being a topic of *Indian government bans bitcoins* to *India growing enormously in lieu of cryptos like bitcoins*.

I remember when I was in India and bitcoins were banned, I still held onto my coins and so did a lot of others and soon enough government realized the tax opportunities and also the opportunities for growth and how they would be lagging behind if they would not support bitcoins and other cryptocurrencies and they lifted the ban. They are still far from being fond of cryptocurrencies but for sure they are taking positive steps in that direction.

Some data :
Quote
In terms of the number of crypto owners as a percentage of the total population, India stood at the fifth spot at 7.30%. Ukraine ranked first with 12.73% people of the total population owning crypto followed by Russia (11.91%), Kenya (8.52%) and the US (8.31%).

{ In terms of percentage of total population, but if we do calculate the numbers, India does have highest number of crypto owners }
Source : https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.livemint.com/market/cryptocurrency/india-has-highest-number-of-crypto-owners-in-the-world-at-10-07-crore-report/amp-11634110396397.html&ved=2ahUKEwiGvLuxyvfzAhUDmYsKHQSsAMkQFnoECAQQBQ&usg=AOvVaw281-CsolZBGsc9cDahNEXa&ampcf=1
1170  Economy / Gambling discussion / The Gambling increase due to the pandemic, stats, UK on: November 01, 2021, 03:09:45 PM
The pandemic have been an extremely stressful event for the world and most people are having problems regarding jobs, money or something else or the other. The government has started implementing regulations in a way that it would not only profit them, but they are also gaining a lot of money from various activities and on the top we have Gambling.

Quote
For this year’s Safer Gambling Awareness Week (1-7 November), NerdWallet conducted research which revealed that nearly two-fifths of frequent gamblers, defined as those who gamble at least once a month, have seen their gambling increase during the pandemic.


Now why the evaluation of data is important?
-It might provide an insight into how the government's laws are changing the way people Gamble. Which can be used to do research on various matters like gambling Addiction.

It can not only be used by companies but government itself to provide better laws.

- 63% gamblers noted an increase in time spent gambling.
- 62% said their gambling habit remained the same despite the laws being more losse for some areas
- 12% reported an increase in their gambling habit

Quote
With a lack of distraction over the tough months of lockdown, it appears that people have found it much harder to manage their gambling, and the habits developed during the last 18 or so months have been difficult to unwind even as the UK opens up.”


Not only that the reports go deep so as how people took the personal experience.

Quote
However, many wished to reduce the amount of time they spend gambling, with 43% of those who gamble at least once a month expressing this desire, while 57% of the everyday gamblers also wanted to curb the habit — but at the same time, 42% stated they had no idea how to go about it.


I hope this article can provide an insight for the safe gambling awareness week and could highlight the main events that we might have to encounter and understand.

https://www.gamblinginsider.com/news/13723/38-of-frequent-gamblers-in-the-uk-gambling-more-than-pre-pandemic

1171  Economy / Service Discussion / Re: Bitcoin futures on: November 01, 2021, 09:55:28 AM
Correct me if am wrong, but sometimes it's not the expert making the decision for you, actually it's you who will make that decision. You have to decide if you want to bet on the market going up or down ? Plus sometimes what happens is unfortunately the future price at the expiration date is much lower than the spot price, which can put you in a tight spot, therefore to ward off backwardation one has to realize that, it would be better holding your own coins ofcourse.

But then again you don't have to own a wallet or even hold bitcoins physically all you have to do is trade in cash and I do think for some people it's more comfortable, but I would still suggest you to hold your coins yourself and trade when the price is high.

Now talking about the website :
I have not heard about the website yet, therefore I tried to do a little research.
They have a good trust score
They are not very famous

So investing in a trading and finance group that is actually very popular might provide you with additional benefits and competitive prices. I think you might try and go for some other company or website or maybe someone else know about this one ?
1172  Bitcoin / Bitcoin Discussion / Re: Good news through Mastercard. on: October 31, 2021, 07:34:47 PM
A Mastercard is a payment processor which works with banks and other companies and provides payment Online through many options, when we talk about them integrating with cryptocurrencies we have to understand that they won't be as easy since it would be more focused on the banks as well.
The banks would need to allow the payments as well, it would be more of a matter of adopt rather than the Mastercards themselves, therefore I do think even though they might agree to let the cryptos through they might have to think about how to integrate these payments with the banks itself.
Therefore as I see there will be three layers here :
Government
Banks
MasterCards themselves
Therefore this news is quite good but it cannot by itself make the payment option better for cryptocurrencies, it's more or so a little push from their side.
1173  Economy / Economics / Re: Would crypto gain full intrinsic value? on: October 31, 2021, 06:49:14 PM
With the high level of volatility and constant fluctuation in market capitalization on crypto currencies would there ever come a time we would trade crypto based on the value it has in it's self and not in exchange for fiat currency. Many countries has now adopted crypto as mode of payment but we are still faced with the issues of price irregularities. If we decide to adopt crypto fully as a global legal tender how do we deal with this price fluctuation.

This is the edge fiat and centralized currencies have over crypto and this has made so many shy away from doing legal business transaction using some crypto most especially during bear market. Can this issue get a remedy?

When we talk about cryptocurrencies, we have to understand the fact that there are some like bitcoins and Etherum and these cryptos are already integrated with some of the countries on a very deeper basis and in come countries it's also legal tender therefore they are very close to getting an intrinsic value settled down. I do think you have to also address the fact that:
Volatility is decreasing day by day, like before we could have been fluctuating around 5000$ or so but right now if something like that happened the price would bounce back up faster than anything, there are people waiting around to buy at the right time.

Therefore the more it gets famous, the more legal it gets and more other things gets integrated with it, it would attain a faux intrinsic value, for sure.

The fluctuations would decrease for sure if it gets recognize all around the world, if bitcoins and other cryptocurrencies starts becoming a legal tender, it would be more or so like gold but more volatile, but still have enough value to be taken into consideration.
1174  Economy / Gambling discussion / Re: Dice against plako or slot on: October 31, 2021, 06:11:24 PM
Community gaming is on the increase and so many players are sometimes stuck with the decision of which game to play, quite a large number go for dice since it is the most popular and luck base but at times we are confronted with making another choice of games to play such as slot or place.

Players who play dice have few reasons and strategies for the long run, if you do decide to play something else, like slots and other games based on luck then am pretty sure it would be based on what you *enjoy*, one simply cannot compare these games.

Well for me I do prefer the dice for the following reasons :
1. I can change the bet amount
2. I can handle the percentage of risk that am taking


Which game to play is solely dependent on :
What you enjoy?
What you are good at ?

Therefore one cannot complete in the market, the games are different as well for different platforms therefore, this is a matter that would depend upon players.

Slots can be fun as well, plus the penny slots have higher chances of you winning as compared to dollar one's so if you have patience then you can go for them and it's good every once in a while to enjoy.

It's all dependent on the experience you enjoy.
1175  Bitcoin / Bitcoin Discussion / Re: Andreas' current use of BTC on: October 31, 2021, 06:42:41 AM
I love Andreas Antonopoulos. Having said this, he recently said something in one episode of his podcast that surprised me. He was talking about living on Bitcoin and he said that he HODLs his BTC and basically spends only USD. He gets paid in all different fiat, and he spends this fiat for his daily life. When he can, he buys more BTC and HODL.

While I understand that many of us HODL, isn't this just wrong for the future of BTC. First, Satoshi created BTC as a currency. It is intended to be spent. Second, if everyone HODL and nobody spends BTC, isn't this becoming just a pyramid scheme?

The way you use Bitcoins is almost completely dependent on you, if you do decide to Hold or if you decide to use it as a currency, it's all your decision and therefore at the end of the day if the person is holding it, it's not making it a pyramid scheme, the person is just investing like any other form of investments, when you hold stocks, when you hold gold, it's still the same isn't it now? Therefore we cannot really put the blame on bitcoins now. What we do have to see is how living on Bitcoins can be seen from different angles, some people can use fiat while keeping bitcoins as an investments and there is this family living on Bitcoins, travelling using bitcoins ( you can read about it here : https://www.google.com/amp/s/www.cnbc.com/amp/2021/08/11/bitcoin-family-hides-bitcoin-ethereum-and-litecoin-in-secret-vaults.html )
Therefore there is not one right answer, it's how you decide to live your life, which I do believe is extremely personal and is not wrong. As long as they are not using Bitcoin for all the wrong reasons and for the illegal things, I do think it's more or so good.
1176  Economy / Services / Re: [CFNP] BET SPIDER Signature Campaign | The Hot & 👩‍ Fun Place | Sr+ on: October 29, 2021, 11:11:46 PM
Hello Royse777

I'd like to inform you that I'm leaving the campaign as I'm moving to other campaign. I was great to work with you for few different campaigns since the last few months. I wish the best for the campaigns you handle.

BR
dustboy

I have a similar request, I tried to inform you on the telegram group as well. It was a pleasure working with you on the campaign (Betspider), the payment was always sorted out and everything was always done in a proper way, thank you for the 3 weeks, they were great, I hope I do have the pleasure of working with you in the future as well.

Thank you
Have a nice day
1177  Other / Off-topic / Re: Facebook Plan To Rebrand Name To Meta on: October 29, 2021, 05:40:44 PM
Rebranding would not work until and unless they solve the issues that are already happening within the company, one have to understand the fact that privacy is a big issue for most of us and thus if they couldn't even take care of that sector then how could changing the symbol to infinity?? Or changing the name of the company work?? I do believe they should take responsibility of what they have done, keep the same old name and make improvements first.
Their business model is still the same old one, it being slowed down a couple of times is something that showed how bad they are struggling, they must be investigated first since we do not know how deep rooted their probelms are.
1178  Bitcoin / Bitcoin Discussion / Re: Help me understand BTC pricing on: October 29, 2021, 04:42:55 PM
The analysis if ofcourse right but may I point out :

- The price is rising every single day then it's attracting more companies, more investors and therefore it's making things bigger for an investment like : Bitcoins
Therefore at the starting it might be normal people in the market or computer geeks or some young people as well, but now companies like Tesla, Microsoft is showing interest and getting involved in their own way.

The more the price is, the more their value would be, the more it would be accepted in the market therefore its going to balance out the price difference and at the end it might even go faster if advertised in the right direction.

The value is dependent upon a lot of things, for example: A country made bitcoins legal, now what ? More people would keep it as an investment, especially people of that particular country and thus we can't really balance the value on this particular fact.
1179  Bitcoin / Bitcoin Discussion / Re: Slovenia getting ready to tax crypto. Will others follow? on: October 28, 2021, 04:54:48 AM
Slovenia is one of the Cryptocurrency Tigers around Europe. Last April the Finance Ministry of Slovenia proposed a law to levy a 10% tax on all fiat-to-crypto conversions and cryptocurrency transfers. Now the country is getting ready to start taxing cryptos. Given that this will work out as an experiment in the eyes of several countries if everything goes well many other countries in Europe should follow.

Thing is, it puzzles me how are they going to tax cryptos... what sort of technics will the country develop to track all cryptocurrencies in circulation?

Answer to your first question :
*Everyone*
Explanation:
During the pandemic the government of most countries are in a tight spot and also at the same time there are many things which they can profit from and one of them is cryptocurrencies like bitcoins, online gambling is emerging as a new market, one in every 4th person in the UK is a doing online gambling, what else could you get more profits from ? Taxation? Revenues? It's all something that the government looks for in profitable sector. What we should be worried about is a *fair tax* since at the end of the day in some places the tax is as ridiculous as 64% !!

Now your second question:
Whenever we talk about KYC being asked etc.. why do you think all of this exists?? Well people are being tracked by the government most of their lives, most wallets needs to be in with the norms or they will be banned therefore the wallets you do use, they are forced to supply your information indirectly in the database. Your taxpayer ID is usually connected to your bank accounts as well and any +/- would be seen as it is.
1180  Economy / Services / Re: [OPEN] Blackjack.fun Signature Campaign | Sr Members+ | ~$75/wk + Extra reward.. on: October 28, 2021, 04:38:31 AM

Your Bitcointalk profile link : https://bitcointalk.org/index.php?action=profile;u=712353

Your current post count: 4190

Amount of merits earned in the last 120 days : 34

Your blackjack.fun username : Fiulpro

{ I am already enrolled in another signature campaign thus I would only change my signature and avatar on acceptance, thank you }
Pages: « 1 ... 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 [59] 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 ... 268 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!