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1201  Economy / Economics / Re: The Economic Gap has Exceeded the Tolerance Limit on: October 21, 2021, 05:29:41 PM
Definately.

I do remember the time when we had political science in schools and we were introduced to cartoons based on reality. Apparently one made a huge impact on me. The one where there was a rich person with a huge bag full of money and holding it, whereas the poor person was sitting next to a crack in the ground. It was written *the rich keeps getting richer and the poor keeps getting poorer*

What I do think is that the only way this might work out for the people who are poor/ middle class is when the government would finally change their ways, their laws, their laws are centered around rich people and due to corruption they are also made by the rich people as well, therefore at the end of the day I do believe, this needs a lot of evolution for the long term. Plus education should be considered a basic right for everyone.
1202  Economy / Gambling discussion / Re: Dice machine on: October 21, 2021, 04:24:27 PM
Dice have been one of my favorite gambling game and am thinking of installing a dicing machine in my home just for fun, my 17 years old son is good in playing computer games and am thinking of introducing him to gambling after all he is going to learn it whatever ways if I don't teach him how to handle gambling risk and avoid being addicted. The need to have a dicing machine at home becomes paramount and am wondering which dice machine I can go for?
Dice machine?
For your house ?
Isn't it too much for you to be teaching your son this. Maybe he would not gamble in the future, well this way you would be introducing him to gambling in an indirect way. Even if you wanted it to be a positive thing, it might end up getting converted into a more of a serious concern. I do think if you do want to teach him all these you should wait for him to turn 18 and after that you should genuinely just try these games out online. It's not a good idea to install a machine, is it now ??
1203  Bitcoin / Bitcoin Discussion / Re: How can we accelerate the mass adoption of crypto? on: October 20, 2021, 05:44:44 PM
I just saw this topic "What problems in Bitcoin's infrastructure prevent it from being adopted more easily?". All the answers were really interesting, mentioning the lack of regulation, volatility, ignorance, etc.

My question is: How can these problems be solved? And is it ever possible, what do you think?

In my opinion, regulation, practicality, and stability are definitely required for the mass adoption of crypto as a payment method/currency.
What are your opinions on this?

Well I do think some things that can be done would depend on who is doing it !?
Well for people who are very interested in Bitcoins and are positive about the future if cryptocurrencies like bitcoins as well then I do think what they can do is:
Educate other people about it as well, clear their doubts, help them set up their wallets and give them a push. Proper education is the key. Well media does not provide any of that therefore it might be better coming from a person who is involved with the bitcoin community and has good experience as well.
For small business who wanna add bitcoins in their payment methods as well :
More improvements can be made with lightning network as well.
The government can try and integrate bitcoins in their economy and make it legal as well, but all these things needs a lot of research beforehand and they should know how they are handling it as well. ( There should be very well informed people in charge of all these actions and activities and not just old congressmen who knows nothing about bitcoins )
1204  Economy / Economics / Re: Will circular economy work ? on: October 20, 2021, 05:07:36 PM
The circular economy is definitely going to work. It's not only sustainable but at the same time it's less pricey as well. But the whole idea 💡 is quite strange to some people and therefore they don't usually use it on a practical basis.

Well we did learn a couple of things in the Environmental class when we were kids :
Recycle
Reuse
Reduce
The three R's

But these things applies to a narrow range of products and it's essential to teach the general public and the people as well, the importance of them which would not only be beneficial for them but for the environment as well since we are right now at the borderline and we have to change the way we live or else the whole environment would be destroyed beyond repair.

1205  Economy / Services / Re: [Open-relaunch] BET SPIDER Signature Campaign | The Hot & 👩‍ Fun Place | Sr+ on: October 19, 2021, 11:19:43 AM
That's an amazing news!!
Congratulations to the team.

Current number of post ( including this one) : 4166
Betspider refferal id: 494508110033
BTC address (segWit): bc1qrq5t8tr2feuaa2apwzfmz4nz5hf0d6fxw0aj2p
Merit earned in the last 120 days : 33

Thank you
1206  Bitcoin / Bitcoin Discussion / Re: What is your biggest issue with Bitcoin wallets? on: October 19, 2021, 09:38:11 AM
(multicoin/multi-asset wallets included)

I have a couple questions about (software) wallets that I'd like to have answers to, feel free to rant Wink

1. What are the features that you feel that are sorely missing?

2. What are your biggest issues with specific wallets you're using, or with BTC/cryptocurrency wallets as a whole?

3. What's your favourite wallet and why? Is it the user interface / user experience, colours, specific functionality, habit, perceived trustworthiness, something else?

4. What changes would you like to see with the wallet(s) that you're using?








1. I hate the withdrawal time that it takes while you generally withdraw your money after selling your coins. The deposit is somewhat instant but they have to make sure to integrate instant withdrawal as well.
The wallet have bad user interface when it comes to the price graph.
It does not have all the cryptos added there but I do realize that it takes times therefore it's only appropriate to wait and buy them on some other trading platform.

2. Need to submit all the documents and also integration with your bank accounts but it's not the wallet's fault apparently the government made that as a rule therefore we can't really say anything about it.

3. For me my favorite wallet would be samourai but I generally use Zebpay to withdraw and to trade. Since samourai is not only private but also have integrated segWit. For Zebpay it's easier for me to add money in my bank account ( local one)

4. Everything that I said in (1) answer certainly needs to be improved.
1207  Bitcoin / Bitcoin Discussion / Re: Privacy vs. anonymity on: October 18, 2021, 12:59:54 PM
There are people who go to great lengths to increase their privacy, for example:
1. Using a new address everytime.
2. Using Bitcoin mixing services.
3. Some super rich people using virgin coins.
Etc.
But at the end of the day it's not practically possible for someone who is regularly involved on the forum perse. You cannot ask every now and then to change your address, plus it's blockchain we are talking about, your whole data is stored and can be viewed by anyone, therefore anyone who might wanna pry, can copy your address and look for the transactions.
Therefore I do believe you did rightly say how it's not just hard but impossible to achieve privacy for most cases. But about being anonymous, I do think that is achievable. But then again when you are supposed to submit your ID, documents, address proof for most exchanges and wallets connected to your bank account, would that be a correct statement?? Aren't we all already being tracked by the government?? Centralized exchanges are taking away that part of anonymity but then again, they are important and sometimes the only option as well in many regions. Therefore bitcoins can be decentralized and anonymous in theory but more it's getting big, the more it's being legalized, the more laws are being created and that centralization is affecting the practical approach to that matter.
1208  Economy / Economics / Re: Reality Check on Crypto on: October 17, 2021, 08:51:46 AM
There is one thing that I have strong opinions about.

*The part about disliking the price Volatility*

The sole reason why people flock to bitcoins is because they have the rare opportunity to grow their investments, not just double or triple!! Being the 8th most valuable asset does come with ups and downs ofcourse, just like many other investments, there are whales, who might bring the price down or might be shooting it up in a matter of seconds. People do not hate Volatility, people hate when the price goes down.
Which is something important to consider as well, you have to hold your coins for the long term, plus if you are unsure about it then you just realize that *you do not loose until you do not sell*. Therefore I do believe the investors here are very well aware of the Volatility and this doesn't really freak them out, what causes probelm is panic. Which is entirely different.
1209  Economy / Services / Re: [OPEN] Mintlayer | Sig. Campaign | Sr./Hero/Leg up to 130$/wk in BTC+MLT tokens on: October 17, 2021, 01:28:06 AM

Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=712353;sa=showPosts
Rank: Hero
Current post count (including this one):
bech32 BTC Address:bc1qrq5t8tr2feuaa2apwzfmz4nz5hf0d6fxw0aj2p
Merit EARNED in the last 120 days: 33
Do you apply for a specific region/language? yes/no and language (...).  No
Telegram Handle (optional): -
1210  Economy / Services / Re: [PAUSED] BET SPIDER Signature Campaign | The Hot & 👩‍ Fun Place | Sr+ on: October 16, 2021, 09:33:39 AM
Update from BET SPIDER team:
Quote
@Royse777 hello, analytics team will finish analysis on the performance of this marketing till next Wednesday. I will let you know whether start 3 round or not next Wednesday.

Additionally, they told me that they will pay this round on the next Tuesday. So, I would appreciate everyone to wait till Tuesday to get paid.

I am pausing the campaign until further notice. You are free to remove your signatures.

Cheers,

Thank you for managing the campaign efficiently, I think till I find a new campaign I would keep the signature on.
Glad to work with you.
🙌
1211  Economy / Economics / Re: USA inflation and crypto market cap on: October 16, 2021, 07:12:51 AM
How the increase of the American inflation contributes to the increase of the BTC's and altcoins price? If the fifth largest currency in the market (USDT) is fiat currency based, at the same time that USDT is one of the main crypto-currencies used to transform fiat currency into crypto and vice versa (at least in my country), what are the arguments that contradict the possibility of the whole cryptomarket value being inflated (or estimated/valued) by the extra dollars that were put in the American economy since the beginning of the pandemics? What would be the means for evaluating how much independent of the American economy is the cryptocoins market? And above all, personally I believe that one day 1 Bitcoin could be equivalent to 1 million dollars, but what will be the real value of the dollar when this happens? Maybe I'm ignoring many things in this thought, so I tought that would be interesting to create this thread to know what you think about this.

- Bitcoins and other cryptocurrencies even though are strongly integrated with the general economy, they still don't get influenced enough to change their course if the USDT's market is undergoing inflation.

- The small changes that they might experience is generally nullified by new investors who are looking for something that might protect their investments from the government itself.

- You can take an example from the COVID itself, in the beginning we had extreme inflation in local markets and it affected everyone, but with time, cryptocurrencies like Bitcoins, not only registered an increase in their value as an asset but also gained recognition from various countries like El dorado.

- The level of integration with the economy would define how much it's affecting the market, hopefully it stays decentralized ( government manipulation and control is all together not a good thing for the market for long terms)
1212  Bitcoin / Bitcoin Discussion / Re: What Bitcoin stands to gain when the government prints more currencies on: October 16, 2021, 02:49:34 AM
Several articles have been written on how the government always print more money just to pump the Central currency due to inflations and this has always given Bitcoin and edge over them, we saw the market already heading back to $64,000 which is the highest Bitcoin price since its creation and this further goes to credit the fact that Bitcoin is an anti-inflation currency and is ahead of the central bank traditional paper currency or CBDC.

When we talk about inflation, it's generally the increase in prices of various commodities and which in turns decrease the value of the currency in that particular area. Bitcoins, the world's 8th most valuable asset now, have shown over the years how the market is not only unpredictable but predictions might be futile, the price is volatile at times and sometimes it's not always positive. Which inturns makes it easier to understand why it's not always a good concept to use it as a wall. It might be, certainly but we can never forget the volatile nature as well, plus whales and panic selling is still something that must be controlled. But few positive points we can't deny:
Limited supply
It gaining more acceptance everywhere
Which does give us some hope.
1213  Economy / Economics / Re: Simple reason why crypto is preferred over fiats on: October 14, 2021, 05:23:05 PM
Well I do think that you have to understand that cryptocurrencies like bitcoins provide financial freedom, which makes it possible for people to actually own what they have. The government system is a bit too complicated and they do not compromise, people are mostly used along the way due to corruption and this inturns makes it harder for them to escape their financial square.

Therefore for me I do think this is the most important part of cryptocurrencies like bitcoins. But unfortunately now a days as you will see we have whales and market manipulation as well, but in the end, this is something that we have to fight in the future.

You have a lot to learn about bitcoins and cryptocurrencies as well. Some things are slightly off the hook in the post but I hope you would research about it more.
1214  Economy / Gambling discussion / Re: Poker Tips- what kind of strategies do you use when playing? on: October 14, 2021, 04:31:55 PM
I am not a good poker player therefore I tend to loose most of the times, therefore for me the best strategy is actually knowing when to quit.

Some people drag on the game too long because they feel like they are gonna make all the money back, whatever they have lost, which does make it really difficult for them to realize that being too emotional makes your odds of winning even lower.

Other than that I think if we put everything aside, the best winning strategy would be learning more and gaining more experience overtime, because it's not just a game of luck but a game of skill as well.
1215  Economy / Economics / Re: What are common arguments for Bitcoin? on: October 14, 2021, 03:57:42 PM
What should new investors know about Bitcoin?

For new investors I do think it is really important, to understand the fact that, cryptocurrencies like bitcoins is not safe heavens, the Volatility makes it a lot harder to control when you are involved in day trading, therefore you don't just have to keep a track of the market but you have to understand that it takes a lot of experience as well.

For beginners, it's really a good idea to invest, hold and go onto the trading slowly! Plus another thing, one has to be confident!! Having confidence in your investment is a big thing. Most people panic sell, which makes it harder for them to hold investments in the future as well. One should not buy during a bullish/bearish run, sometimes that might end bad.

Keeping track of the market everyday and being active on the forum have always helped me a big way!! Plus if you do have any questions you should never be afraid to ask people who are involved with Bitcoins and cryptocurrencies since a long time, I remember my campaign manager helped me set up a good segWit wallet back in 2019 I think, helped me learn a lot as well. Ask if you are not sure of anything.

I think everything else you learn along the way.
1216  Economy / Gambling discussion / Re: What are the most popular bitcoin-only poker sites? on: October 14, 2021, 02:17:30 PM
Hi
I do think all the Bitcoin only poker site that are existing are already mentioned here by everyone but there is a new noteworthy competition, which might come from ConsenSys backed poker platform which instead of Bitcoins would be using other cryptocurrencies like Etherum.
They have already secured a lot of investment as well. According to the site, apparently 5 million for the virtual platform. They will have virtue poker being set up which was originally launched in 2016 but only getting bigger right now. ( Apparently it launched on a bigger basis in May 2021) { this was the news 6 months back https://cointelegraph.com/news/consensys-backed-poker-platform-secures-5m-investment/amp}
It's in the market but I have not seen much hype about that right now as well. Have anyone used it ? Well I do believe if you are unable to look for a good Bitcoin based poker website, you can try virtue poker as well.
1217  Economy / Gambling discussion / Re: Reputable dice sites with instant/flash bets on: October 14, 2021, 11:25:07 AM
Most of the dice sites have this feature, auto-bet was made for someone who don't want to click bet from time to time and focus his other attentions into something else so if you want to play like this, you can use that feature but if you don't want to and you want to enjoy your every bet by monitoring the outcome better to do it manually. Wolf.bet is a good site, you can stick to that or you can also try bustadice.

You get it wrong, Mirae is looking for Flash bet feature. It is not the usual auto bet feature that you can find in most dice sites. Flash bet is a feature where you can play hundred up to thousands bet in seconds. You can see the image I posted previously and check the sites to know how Flash bet is different to normal Auto bet.

Exactly
Auto betting is when the round will run its course and at the end it would take the usual time, there is nothing that can be done there, you can set it and keep it on for hours and hours.
But when you talk about flash bet, the set amount of bets just goes on the server and you her instant results. I do not know how legit it is though, well I did see that most people do consider it fair and you can verify it as well.

Well I do know that stake offers flash bets, wolf bet ofcourse and some user perviously wrote about using 999dice for the bulk betting.

Do tell how your experience goes with flash betting, for me I prefer betting myself Everytime, taking time makes it more fun I guess.

Hopefully your strategy would work!! Best of luck!
1218  Economy / Economics / Re: Bitfarms start construction of mega Bitcoin mining farm in Argentina on: October 13, 2021, 08:03:33 PM

{Taken from google}

First of all few statistics:
1. Argentina is not even in the top countries who mine Bitcoins on a global level
2. The cost of mining bitcoins in Argentina is actually nominal as compared to a lot of countries 4.560 $ is much less than US itself. Therefore I do think they have a lot of scope.

Setting up a bit crypto farm would work amazingly well if they do use not only electric power but renewable sources of energy as well.

It's definately a great opportunity and the focus should be laid not only on rules and location, but also on the governmental policies as well.

Quote
Cryptocurrencies are not prohibited in Argentina, and are therefore legal. ... The government has not implemented specific regulations on the issuance, exchange or, in general, use of cryptocurrencies, instead choosing to observe ongoing developments regarding their impact on the Argentine market.
(taken from google)

Other than that it's going to employee so many people!! Especially during pandemic which is honestly a very huge step.
1219  Bitcoin / Bitcoin Discussion / Re: Russia took third place in the world in bitcoin mining on: October 13, 2021, 04:17:19 PM
Controlling the Mining farms would have meant that Chinese government would have controlled the *hash rate*, which is an important security factor. Transactions would have been insecure and the whole network would have had crashed therefore I do think that it's a really good news that the russian government not only welcomed the miners but at the same time we did see that the recovery was extremely fast, like people were waiting for the opportunity.
-I do think it's an extremely good news which showed how it's not dependent on one person or one country, plus government can try as much as they want but they won't be able to control the cryptocurrencies like bitcoins.

China won't be able to influence the market anymore!! Plus won't even be scaring everyone with threats every one in a while.

Hopefully Russia can be more crypto friendly and the government would not impose heavy taxes on mining. Example regarding taxes taken from google ( IRS, US)
Quote
Mined cryptocurrency is taxed as income, with rates that vary between 10% - 37%. The IRS classifies mining income as self-employment income, and taxpayers may be responsible for self-employment taxes on mined income.Jun 3, 2021
1220  Economy / Economics / Re: What will be the effects of China's central bank declaring all crypto illegal? on: October 13, 2021, 03:44:33 PM
Rebellion is quite farfetched. We are talking about China where the government hides dictatorship under communism. They would be very strict with the laws if they do make them like that, people might have to move out or use some other methods, like using wallets which cannot be tracked for long term holding. But at the end of the day they would always be at a risk of being found out and being charged for it.
Much like India where the government every once in a while tried to pass the Bills that would make the cryptocurrencies illegal, causing a huge unrest and people can be behind the jail for more than 5 years for using them, but these laws are never passed because the amount of people using cryptocurrencies increases every single day and I do think that the government is not ready to disturb the peace of rest of the country because of that.
Here in China, I do think they might not affect the market value much, we have seen from the past examples as well but the young population involved in cryptocurrencies would defiantly move out of their country, causing massive brain drain. Plus since other countries are adopting bitcoins as well, they might have to change their decision to be in par with them as well.
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