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1341  Economy / Gambling discussion / Re: If you win big in casino, would it be publicized? on: October 29, 2022, 07:38:40 PM
Some sites do so to gather people and entice them to bet more. Leaderboards are there to inspire and something of the likes are present in gambling sites to inspire people to be like those lucky winners. But for publicization, well it's a different story. The government refrains from the publicization of lottery winners because not only is this a right they have the means or ability to exercise, it's also a risk for the winner if they get found out. The risk of someone just mugging them on a busy highway, or an acquaintance literally gunning them down inside their house to rob them is a possibility. So if a site ever publicizes your name and I mean your real government name to their preface, you could sue them.
1342  Economy / Gambling discussion / Re: A gambler who betrayed his friend's trust on: October 29, 2022, 06:00:04 PM
I've seen a quote from somewhere that goes like this. "If you never heard from your debtors again, then it is worth it." I know it is poignant to lose that amount of money and over a friendship that was probably built from years of spending time together to boot. But in retrospect, one can only accept the truth and move on. Or if you're really bitter about the whole ordeal you can always sue him, you found a way to at least see that he's living a pretty affluent life, you could find out where he is and send him a subpoena. Blue pill or Red pill bro, you choose.
1343  Economy / Speculation / Re: Bear market likely over? on: October 27, 2022, 09:37:08 PM
Although as much as possible I want to remain positive and believe you in your sentiment about the bear market being over soon. It is still too early to decide that. There have been instances where bitcoin abnormally shot up in price in the middle of its regular 4-year cycle (which still couldn't be taken as a reference by the way) and has still dumped down eventually.  If you were right then congratulations to everyone of us. But this shouldn't FOMO everyone. Always do your TA first and foremost and DYOR.
1344  Economy / Economics / Re: Life is a puzzle ! on: October 27, 2022, 08:52:27 PM
The funniest thing is that you wouldn't know if the decision you made is right until later on in your life. No matter how promising it could be in the preface, life will find a way to mess it up and you can never do anything about it because the universe is cold and uncaring and does not care about your existence—is what most people will say. Personally, I agree with them, decisions will be justified later on in your life but that doesn't mean you couldn't do a little bit of a good thing everyday, even just for yourself. Cumulative gratitude is true, and once the good things you do pile up, you'll see the difference. Try it, do yourself and other people a little favor everyday. You may not know who, when, and where they or you will need it.  Cheesy
1345  Economy / Trading Discussion / Re: Leaving your coins on exchanges on: October 27, 2022, 06:57:11 PM
I personally have a cold wallet ready for all my crypto and I advise everyone to invest in one as soon as they could. It's not that expensive but the benefits it could provide you will be worth millions. The amount of security they offer is invaluable. As for my crypto in exchanges I only put in reasonable amounts and never most or all of my money in these because everyday, there could be an attack from a hacker which will definitely not sound good for your investments. If I'm not mistaken Trezor wallets only costs around 100 bucks in some shops, so get yourself one.
1346  Bitcoin / Bitcoin Discussion / Re: Do you Consider the Price of Bitcoin to be More Important than its Purpose? on: October 27, 2022, 06:18:37 PM
There are two types of price movements: bull markets and bear markets. In the bull market, the majority of bitcoin investors are buying, demand outweighs supply, market confidence is at a high, and prices are rising. On the other hand, they are the opposite of the bull market. Bear markets are defined as a period of time where supply is greater than demand, confidence is low, and prices are falling.

In his paper, Bitcoin: A Peer-to-Peer Electronic Cash System, Satoshi Nakamoto states that the purpose of Bitcoin is a purely peer-to-peer version of electronic cash that would allow online payments to be sent directly from one party to another without going through a financial institution.

So far, I would like to think that bitcoin has been living up to the expectations of Satoshi Nakamoto despite the numerous challenges it has encountered. Nevertheless, the price volatility has been a huge concern to so many people all over the world. I want to know your thoughts - Do you consider the price of Bitcoin to be more important than its purpose?
with the price of bitcoin, people will be better informed of its purpose. It has been pretty evident in the few years that bitcoin had broken the mainstream internet. When people's trust rating of bitcoin is low, its price decreases and therefore along with it, its purpose is lost once again in obscurity, but when it does rise up in price, more and more people are becoming eager to know about bitcoin and its utilization. Although in the case of what's important, of course i would side with its purpose since that is what drove bitcoin to be created in the first place. But no one can deny how these two schools of thoughts complement and cooperate with each other.
1347  Economy / Gambling discussion / Re: Do You Want KYC at Crypto Casinos During Registration? on: October 27, 2022, 05:16:47 PM
I agree with the sentiments of some here. Especially regarding being blocked by KYC when they are just about to withdraw their winnings or after a massive win, making it look like they are being stopped from getting the prize they so deserved. However, there is logic behind this, although said logic isn't really something that takes the welfare of the customer. They are making sure that your money is not going elsewhere basically, without a pesky KYC that takes minutes or even hours in certain instances to finally push through, you could just withdraw your funds easy-peasy. Also this making you stay longer within their website brought about by the KYC provides traffic to their website, which means more money for them.
1348  Economy / Economics / Re: Not financial advise. Just an example. on: October 26, 2022, 09:26:56 PM
Say you have five credit cards that you need to pay off, each with different interest amounts and balances. How do you pay them off the fastest?
1. $500      interest 0.005%
2. $5011    interest 0.035%
3. $3016    interest 0.015%
4. $8976    interest 0.04%
5. $16000  interest 0.09%
You already moved around your balances and this is the best interest rates you can get.
You only have an extra $80 per month after all the bills are paid and have cut down on any extra expenses so the $80 is all you have to work with. Which credit card should be payed off first, second and so on, for the fastest payback?

Should work on all scales from entire countries to individuals.
Assuming you are "asking for a friend", I would highly suggest that you pay off the ones that are easiest to pay. Personally it allows me to confidently be able to pay off the other debts that progressively becomes more expensive as time progresses. Some may agree with me and that's because I also found that stratagem here in this forum, and has tremendously helped me build up good behavior especially when trading and taking up debt. So next time, don't go into debt, at least the ones that you couldn't afford to pay triple, and when you do, which I know you will because we are all human beings here anyway and we need cash every minute of our waking hour, start paying up your debt, little by little.
1349  Bitcoin / Bitcoin Discussion / Re: Hodlonaut Trial on: October 26, 2022, 09:01:05 PM
I really don't understand how uneducated a court could be. If they do not understand the technology then they need a team who understand it. People paying tax to waste money on those uneducated court people, why?

It just need a bitcoin address to sign the proof of authentication but no one seems to be going to that path. What does these witlessness has to do here. When a technically detailed case handled by a group of politics, history educated people then nothing good can be expected from it.

All waste of time.
It's not uncommon for a ruling body to be this idiotic and still have the cajones to say they are the only ones capable of imposing punishment and/or reward whenever necessary. Just take for example the time when Mark Zuckerberg, a man I do not lean towards in terms of principle and belief but will use as a prime example for my statement, was stuck in a courtroom filled with senile old men and women trying to make sense of how social media works. This is just funny at this point but ultimately sad considering it's us who they are practically fighting against, after all we are all Hodlonaut.
1350  Economy / Gambling discussion / Re: Two Gambling Stories on: October 26, 2022, 05:16:39 PM
These are two gambling stories that are very interesting

Story 1
A man stole his girlfriend's 10k to place a bet. He won 100 million and returned 10k to his girlfriend. His girlfriend is furious and demands 40 million dollars.

*Read the full story here

Story 2
An apprentice who won 16 million naira on BET was asked by his boss to split the money into two parts. This 50 - 50. As the story goes, people sided with his boss, and he had no choice but to comply. It's important to remember that the money used to bet belongs to the apprentice, not the boss.

*Read the different opinions of people here

First, in your opinion, what would be a reasonable amount to give his girlfriend? Second, assuming you were the apprentice in the story, would you abandon your training or would you have given in to the pressure to split the money with your boss?


In the first case, it is only fair to give the girlfriend an amount that she demands regardless if the money is just miniscule or not. It's a matter of principle, you stole someone's money for one, and invested it in a very risky venture that has more chances of ever failing than you winning. So at the end of the day it's only fair she gets the 40 million dollars, the 10k capital isn't yours anyways.

For the second scenario, I would promptly nope the heck out of that partnership regardless if he's become a valuable mentor to me or not. The fact that the mentor, has in no way aided the apprentice towards the 16 million naira and is promptly demanding a 50-50 split just because is a big no-no for me.
1351  Other / Politics & Society / Re: High inflation is causing GLOBAL protests on: October 26, 2022, 02:52:05 PM
Well these protests are for good reason. Inflation and hyperinflation further widens the gap between the poor and the rich, and also at the same time puts the burden of the economy to the middle class, given the fact that they are the ones who are expected to pay the taxes and jumpstart the economy. The inflation we are experiencing right now is a kick back from the economic shenanigans we have made during the pandemic, especially in the case of US where printing money for stimulus checks became the solution in order to not only empower the economy by encouraging people to spend, but also to support the marginalized courtesy of the aforementioned pandemic hitting everyone where it hurts.
1352  Bitcoin / Bitcoin Discussion / Re: Faketoshi: a Short Story on: October 26, 2022, 07:56:37 AM
Digging the internet for Satoshi's identity is gonna be a huge waste of time. The guy completely made it clear he doesn't want anything to do with bitcoin after creating it. If that's not enough reason for people to invest their curiosity to something else then I do not know anymore. There are other more important points of discussions out there that warrants our time, and in my honest and straightforward opinion. Satoshi Nakamoto's identity, no matter how interesting or inquisitive it may be for the many, is not gonna be one of those discussions.
1353  Bitcoin / Bitcoin Discussion / Re: Do You Think Bitcoin Mining Will Be Banned Due to Fears of Climate Change? on: October 25, 2022, 10:36:21 PM
Although it may look as if the most sensible answer, nothing happening wouldn't seem like a good one considering how progressive our society is slowly becoming especially when the welfare of our planet is being discussed. Lots of movements and protests may force large-scale mining operations to look elsewhere for energy resources or halt operations. The environment may also outlive the mining operations of bitcoin as it exponentially gets harder to mine a bitcoin the more bitcoins are mined. So, the most appropriate answer for me is the fact that sooner or later, it may not be sustainable to mine cryptocurrencies anymore as you spend more in creating a rig that would pass off as good and the profits aren't gonna be as great as it is.
1354  Economy / Trading Discussion / Re: Class action lawsuit against Telegram on: October 25, 2022, 07:29:45 PM
I am with you in the sentiment that Telegram should at least take action against not only market manipulators teeming within their application but against scammers and spoofers as well who make Telegram a hostile place for people who are new to the platform. But then again it will take a humungous effort not only from telegram but from the people within its servers to implement such parameters which I guess is what contributes to the reason why no action until now is made.
1355  Economy / Economics / Re: Is Metaverse still a thing on: October 25, 2022, 12:27:36 PM
This is a weird question, projects may come and go but what we are forgetting about is that you could only end up with these ideas and they will stay. Like is ICO still a thing? Is NFT still a thing, is Defi a thing? I mean these are just names of the systems that we deal with, and they are always a thing, it's all about projects.

Look at 2021, we had one million DeFi projects, most of them are gone, but uniswap and pancakeswap are still going strong and I believe that they will stay strong for a while longer for sure. I personally believe that we shouldn't be shocked if we end up with something in the metaverse all over again as well, it's quite possible.
I would accept your argument if Metaverse became as big as these aforementioned system solutions. You said it yourself, there are a million DeFi projects that came and went during its height. Metaverse on the other hand reached a certain height among people's ears, then it just died off. And even if you argue that there would be opportunities in the future where Metaverse would be needed, which I still believe so, just take for example the use of QR codes, the current stature Metaverse faces is just too concerning to not rile up a discussion.
1356  Economy / Economics / Re: Is Metaverse still a thing on: October 24, 2022, 09:21:20 PM
Why considered Metaverse "as a future" in the first place? For me, it's just a usual thing that can be happened in the future as part of the growing and improving technology. You have to understand that the idea was become popular today because of the hype but the execution isn't as simple as everyone thinks.

Just don't dream about it and let just the "usual" progress take place rather than be carried by the hype.

Simply, if it will happen, it will happen.
Thing is that technology seem to steer towards the creation and proliferation of alternate reality that is powered by futuristic technology. And though at first it may sound Blade Runner-esque, which it does, its benefits are there and are especially present during the height of the COVID-19 pandemic. Which led people to believe that it could be the future of technology or at least of crypto, given the fact that it was what is needed and sought for by everyone at the time. Soon as normalization came around and people have become comfortable again with seeing each other elbow to elbow, it just lost its flavor.
1357  Alternate cryptocurrencies / Altcoin Discussion / Re: determine a good project on: October 24, 2022, 07:42:28 PM
My brother that is what I considered as a good project is a project that have long stay and when investing on it then your mind will be settled it's not a project that is short term project which after investing your money then the project will die off so that is why some people qualified or recommend a particular project that this project is what the co-investing I can't invest on a short-term project which I don't know if it will make well or it will not so the best thing to do is to invest in the long-term project and long-term project are a good project
A project could have a long-term vision but not uphold their long-term goals because of poor management. I've seen dozens if not hundreds of projects share the same fate when it comes to viable goals for the future. What I'm saying is that it is not enough that you have a good vision for the future of your project, in fact it's imperative that every project whether shitcoin or not be have at least a viable vision that could save them for the years to come. Remember that the path towards hell always start from good intentions.
1358  Bitcoin / Bitcoin Discussion / Re: Crypto Education on: October 24, 2022, 07:21:12 PM
Bitcoin was the first decentralized cryptocurrency, which first released as an open-source software in 2009 but didn't reach public attention.
 
Now, crypto education becomes a priority for world-class education institutions such as University of the Cumberlands (United Kingdom), University of the West of England (United Kingdom), University of Toronto (Canada), University of Warwick (United Kingdom), University of Waterloo (Canada), University of Westminster (United Kingdom), etc.

Learning cryptocurrency will attract you towards the digital world and internet technology. It will prepare you for the future, since digital world is here to stay, and technology is progressing and evolving rapidly.

Is it time for the whole world to embrace, adapt, add it in educational curriculum and teach cryptocurrency to the youth?
For some, learning about cryptocurrrencies and how they work could act as a gateway for them to learn not only about internet technology but information technology in its entirety. I know a couple folks who started from mining cryptocurrencies and joining airdrops way back in 2015 who now owed their careers in the IT industry through the same path. Then again as with everything this is not a generalization and there could be other pathways people can take, but learning about cryptocurrencies will somehow impart you with the curiosity to know how it works, in one way or another.
1359  Alternate cryptocurrencies / Altcoin Discussion / Re: determine a good project on: October 23, 2022, 04:32:24 PM
In the current bear market conditions, we can see which projects are able to survive and maximize the coins that have been launched without losing their value.  Usually their strong team and developers are able to deal with any situation by carrying out marketing strategies or promoting coins that have been created so as not to lose the interest of investors and trading activities in them will not die.  what do you think about the benefits of a bear market besides taking the opportunity to make a purchase?

bearish market will be strong evidence to determine a really promising project in the future
There are a lot of factors to determine what is a good project, especially if you're just basing your opinions on whether a project will increase in value over time. What I could say for certain is a good indicative of a project that will stand the test of time is what I call the three Ss: Scalability, Security, and Suitability. Scalability is how well-equipped a project is against the market's tumultuous ups and downs, do they have a good backup plan? Have they accounted for the bears and the bull seasons? how about upsurge in users? that should be taken care of. Security is met when a project had imposed appropriate security measures against attacks from hackers, scammers, and the likes. Plus points if they have contingency plans during instances where exchanges are down due to hacker attacks. Last but not least is Suitability. Suitability is met when the project's features or main thing is relevant to what the market needs right now or possibly could need in the future. Just these three things to look out for is enough for me to pick which projects will tank and which ones won't. Use and abuse it.
1360  Economy / Economics / Re: Take shelter, a storm is coming in October. on: October 23, 2022, 03:31:00 PM
Tensions from left and right is going to cause huge detriments in the future not only of cryptocurrency but of mankind, especially as we're steering towards what could be the one of if not the worst wars in the history of mankind. Then again, October has come and gone and there seems to be little to no progress in the aforementioned issues, except Credit Suisse who's continuously tanking amidst the scandals and is now becoming a meme stock which says a lot from a well-established financial firm as CS.
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