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921  Economy / Economics / Re: Automating your savings will help you save more on: April 23, 2023, 05:05:16 PM
From your explanation, it is obvious you are talking to salary earners who receive money on monthly basis. So how about those not belong to salary class? Well, saving to me is all about determination and self discipline. I am not a salary earner, I don't receive money on a monthly basis but I have designed a formula on how to spend whatever money comes into my hands including savings. Unless in the case of emergency, I do save money from every penny that enter into my hands.

I would advise you to first of all stop relying on salary alone. Get another means of income aside your salary and start saving money at whatever time you wish.
Automated saving would indeed work for those who are monthly earners. But savings should be through initiative and discipline indeed, for it to have some sort of 'chain' to not be used to "wants" than with "needs". Initiative would somehow push that individual to avoid using his/her savings easily. But this simply depends on the person. The problem why savings does not work the way it should be, is because of drives and implusiveness. If an individual would be fully aware of the cashflow in his/her account, expenses would be anticipated and measured which would allow the individual to avoid being oushed to the edge of withdrawing some of the saved money.
Point taken. There has to be money that could be saved after all in order for you to be able to save money in the first place. And the issue with discipline is another story too but it somehow still connects with the narrative. But to people with little to no control over how they spend their stuff, auto-invest is still a good thing. Just place parameters that would disable the user from ever getting his/her hands on the investment capital, either through time or value lock, and they are set. They couldn't touch it even if they wanted to. I've seen banks and investment/lending firms in the Philippines do something along these lines, so it's not that impossible per se.
922  Bitcoin / Bitcoin Discussion / Re: Inactive BTC whale transfers $8M worth Bitcoin After 10 years Inactivity on: April 22, 2023, 07:59:11 PM
Probably Satoshi with his other unregistered wallets cashing in on that good good crypto money.

Kiddings aside, I think it's good at the very least. More bitcoins in circulation, less hassle when it comes to earning. And I don't think it's going to dilute bitcoin's value that much anyway, so at the expense of a higher circulating supply I'd say this is a great deal.

Speculating on who this guy might be though is a little bit futile I think? Bitcoin is made to be anonymous, let alone someone who didn't have any interactions with the industry for 10 and a half years, so while it is a good exercise, I don't think there's any point to finding out who this guy is. Besides, if they feel like it they will do what they can to out themselves as the guy who sold their bitcoins from years ago.
923  Bitcoin / Bitcoin Discussion / Re: Advise to a friend on: April 22, 2023, 06:23:54 PM
Well, if your friend has been well-informed of the risks, the losses, and the potential headaches that may ensue with investing in bitcoin, I don't think you shouldn't absolve yourself of the pressure, after all you're not Jesus who could control the economy of bitcoin just to look impressive to your friend.

And he strikes me as someone who's smart enough to know what he's doing, he's probably thought about investing in it too, but is just waiting for a push from his friend circle. So I assume he pretty much knows what he's getting into, and if he's a good friend, he's not gonna blame you for any losses he may incur in the future.
924  Bitcoin / Bitcoin Discussion / Re: Will Real Estate Crush Bitcoin Investment In 2023? on: April 22, 2023, 05:56:01 PM
Those two are different schools of thought that shouldn't be compared against each other. Bitcoin investors dabble on a different playing field as those who invest on land and properties. If the success or failure of one or the other happens, you shouldn't rope it to "that's because X is a better investment than Y". That's basically causation without verifiable evidence.

Plus I had friends in the past who both invest in land and bitcoin, is it indicative that they are losing trust on bitcoin? I don't think so. It's just the sensible way, you have to diversify your assets, dip your toes in different fields to ensure a higher chance of profit. Otherwise you're just asking to lose it all.
925  Bitcoin / Bitcoin Discussion / Re: Which one is important? Knowledge or Experience? Or both in Bitcoin Learning! on: April 22, 2023, 05:32:36 PM
Everyone must at least have some substantial experience before they can consider themselves a "Learned" individual in the industry of crypto as a whole. You can hoard all the knowledge that you want and you can and you'd only be half as good as everyone else who really dipped their toes in the water.

I hold experience at a higher regard than textbook knowledge because, well as a matter of fact, most textbook knowledge in bitcoin is pretty much gathered from experienced, so cut the middleman and actually take a bite out of the proverbial pie I say, and learn bitcoin the hard way.
926  Bitcoin / Bitcoin Technical Support / Re: Is it possible to recover private keys? on: April 22, 2023, 04:41:20 PM
If its with Binance, as long as you still have access to your login credentials you should be good to go, since those wallets are non-custodial and you can easily access them as long as you could log in and verify your account, although I did hear some changes in the way Binance handles ETH and BTC accounts, so that could be a cause for concern. Anyways;

If you're positive it's really a wallet with its own private keys and seed phrases, I'm afraid we'd have little help with you on that, from the get-go you are given all the power to control your wallet by giving you the private keys and those are the only ways you can ever access it, if you don't have those they are gone for good.
927  Economy / Economics / Re: SPENDING MORE THAN YOU EARN on: April 22, 2023, 04:08:14 PM
Do the 7-day trick. 

I am a very casual spender, I spend as much as I breathe back in the day, most of the times for things that I want but I wouldn't see any need at least in the foreseeable future. So I employed a little trick a friend of mine told me while we're having a drink.

"If you want to buy something, but are unsure if it's a good purchase, wait for 7 days. If you still want it after 7 days, go for it, if you don't, then steer away from buying it."

It is by no means a life-changing trick but as it stands today, the 7-day trick has helped me avoid a lot of unnecessary purchases, and I continuously use it for purchases that go over a certain dollar amount. So I figured I'd share it here too, could probably change your life more than it did mine.
928  Economy / Economics / Re: Tokenization of Real-World Assets on: April 22, 2023, 03:31:10 PM
An interesting concept but it doesn't dabble over the problem of proof of security. Is it like buying USDT where we buy a representative of the USD in the cryptocurrency world, or does it have physical backing so there's no chance of it going to the gutter? This is an important dilemma because we can't just tokenize everything without making sure that the people could trust the representative token. Imagine walking into a bar or a restaurant, eating a hearty meal or accumulating a hefty tab, only to get punched in the mouth because they apparently don't take your USDT or whatever the fuck they're going to use in the future. That's just going to be a little embarrassing wouldn't it? So yeah, until the question of proof of security gets answered the way people want it to be answered I don't think we'd have a fruitful discussion about Real World Assets getting Tokenized.
929  Economy / Services / Re: [OPEN] FreeBitco.in Signature Campaign | Sr./Hero/Legendary | on: April 21, 2023, 10:54:03 PM
Bitcointalk Profile link : https://bitcointalk.org/index.php?action=profile;u=833483
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Merit earned in the last 120 days: 87
930  Economy / Economics / Re: Look for what to invest, not what to eat on: April 21, 2023, 05:27:27 PM
Funny how these type of people just live out the "dime-a-dozen" trope.

Maybe idk, try looking down every now and again to get a little reality check and find that not everyone's as privileged as you that they can just think of what to invest in instead of looking for what to eat?
Lots of people out here scrambling to find a livable job, and a lot more who are not qualified to jobs that do pay well so they get stuck working for peanuts. That in itself should be a good reason for them to not worry bout investing, since how can they even invest on shit if they have no money?
931  Economy / Economics / Re: Economic power on: April 21, 2023, 04:52:34 PM
Economic power isn't everything, but it sure is a hell of a lot of other things.

Just take a look at China, it's one of the countries that are frowned upon by many, due to their weird ordinances and their extreme communistic approach, second only to North Korea. Although compared to North Korea, they prosper. Why is that the case? Because they are economically-capable. The whole world can go against them and they wouldn't budge from their seat. But that isn't to say that they can do something about it especially if a global conflict is to happen.

Whatever man, TL;DR: Economic Power is a good power to have, but only up to a certain extent coz countries could always band against you and pound your land to the ground with nukes.
932  Bitcoin / Mining / Re: Intel Discontinues Bitcoin Mining Chip Series on: April 21, 2023, 03:52:18 PM
Or either they were not being able to keep up with the competition, which I believe it is probably way ahead of them or some other reason can be hidden. In a market which seems to be increasing by the year, why would they opt out? Is it extremely demanding? I don't doubt but without more competition, the existing companies will be more comfortable holding the title of the titans in the business. Without competition, things tend to stall instead of progressing!
But I think this is part of the Evolution Theory doing its job, I guess!
Perhaps because they wanted to put more effort and manpower into creating chips for other points of customers. Gaming for instance, which has been their biggest suit since time immemorial. The fact of the matter is that they are slowly losing to AMD and they need to do something about it before the latter breaks their necks and claims the competition for good. Since gaming is their biggest market it just makes sense to put more focus on it. But if this weren't the reason I'd be confused too. In any case they'd still carry out support for Blocksale so it's not like the end of the world or something. Miners with blocksale chips in the past will still be getting support from them although the certainties are a little vague in my opinion.
933  Bitcoin / Bitcoin Discussion / Re: Is bitcoin price control by human agents or electronic technology? on: April 21, 2023, 03:29:42 PM
Bitcoin price is ultimately controlled by us who puts faith in what it can do with what it can offer. As of the moment we see it as an asset but it has the givings of a bona fide payment system and currency. I don't know what people will think of bitcoin in the future but one thing's for sure, if bitcoin remains relevant in the future there's a good chance that it's because of the people once again and not bots crunching ones and zeroes. I can't even think of such a scenario being viable to this day.
934  Bitcoin / Bitcoin Discussion / Re: Why does It takes time for market to be bull on: April 21, 2023, 02:19:55 PM
People's disposition regarding the market is a good reason why it takes time before a cryptocurrency goes up in value again.

For the most part us, degens as we may be, still would want to wait for a good reason to invest rather than just putting it to fate's hands. As it stands today there's not that many good reasons for bitcoin to rise in value on its own, so you'd see people still having doubts and are still scared to invest. Soon as a reason comes around, like a notable personality buying substantial amounts of bitcoin, or the bitcoin halving that happens every 4 years and wouldn't happen until sometime in 2024, you'd find that more and more people will start investing and that in itself is what would pump the crypto's value. Just simple demand supply shenanigans all over again. The more demand, the higher the value and the lower the supply, and vice versa.
935  Bitcoin / Bitcoin Discussion / Re: Why do you want bitcoin to stay? on: April 21, 2023, 01:28:28 PM
Bitcoin, as much as many hate to admit, is the linchpin that keeps the industry from falling apart. It shouldn't come as a surprise, it's the most famous cryptocurrency and it has a substantial market cap that keeps the whole enterprise running through transactions alone. If bitcoin were to crash to the ground one day, there's a good chance that all the other cryptocurrencies in the industry will suffer heavy losses and may even spell doom for the whole industry. So by all means bitcoin should remain in the game at least until the whole industry could move on from it. As it stands today, with multiple projects and notable personalities holding bitcoin for dear life, it wouldn't make sense to keep bitcoin out just because of the same old "It outlived its purpose" bullshit.


As in the case with governments continuously opposing bitcoin, we can't really do anything to stop them from doing so, so while you still can, keep bitcoins in your pockets.
936  Economy / Gambling / Re: A reminder for gamblers to avoid FortuneJack (ongoing lawsuit, 120k usd stolen) on: April 21, 2023, 12:32:09 PM
https://bitcointalk.org/index.php?topic=5368279.0


And for those who clicked on this topic, I'll give you a bonus, that I think nobody else on the internet can give you, and that could save you some cheating from online casinos (since I've got first hand information).

This post though is about my own analysis and opinion on how things could go forward from here, not a certainty.

During last year, Casinos based in Curacao (like FortuneJack) have been arguing in the court of appeal that they don't have to pay any winnings for their customers, since they think the law cannot enforce anyone to pay gambling winnings (true story, coming from "casinos"). The decision of the court of appeal has been that yes they are organisations that have to pay winnings for the games they decide to offer.

But there is one more thing: The courts are not the ones who run these casinos. So if they can't steal users funds anymore by simply closing accounts, common sense says they'll be finding new ways to cheat customers.... So watch out to play only provably fair (that you actually understand) games and live games where you can actually verify you're not being cheated.
Pretty sure they have a running campaign in here, and they are paying their people well so it surprises me severely to find out that they have a lawsuit going on against them. But I get it, them not paying their customers for their wins is a different story so I understand why people are so quick to jump in this topic.

Addendum: It strikes me that you are the one that's filed a lawsuit against them, provide ample evidence in court along with the conversation screenshots of the agent that you talked to so you can have a good fighting chance and be able to get paid for your wins.
937  Economy / Services / Re: Utopia P2P Ecosystem 💎 | Review Campaign 🔎| Participate Now! | Get paid in BTC on: April 20, 2023, 06:59:05 PM
Hello, a little late to the party but here's my Utopia Review.

I primarily used the pc version of the application, but have also used the android version although sporadically.

Design:
Unfortunately, this is not Utopia's best suit. The main interface gives off 2000 AOL chat room vibes which aren't necessarily the most appealing, especially in the day and age of streamlined and minimalistic UI design approach. I think it will do Utopia a great service to conduct an overhaul of their design, something that looks sleek, streamlined, less noisy and more beginner-friendly. No amount of tutorials will go across a user who is not eager to learn it, so to take every perspective into account, Utopia has to do something about their design.

Accessibility:
Although the tools you need are already at the tip of your fingers, and you're given ample tutorials to know the ropes within Utopia's main application, it still needs to be said that streamlining the design and the layout will help not only the users to easily find what they need without rummaging within the whole application. 

The Remember Me feature that you tick on/off upon signing in to easily access your account next time is a little clunky too, I find myself retyping my whole credentials over and over again despite knowing and remembering fully well that I had toggled the feature on. A minor problem, which I know the Utopia team will be able to find a workaround in.

The application is pretty much like a swiss knife of some sort, seeing as it has a variety of tools at its disposal, down to even giving users the liberty to change their messages, reach people from across the world, look up anything they saw in the past thanks to Global Search, and more. This for me is a good thing that I hope Utopia keeps and improves upon.

Communication:
One of the best things that the Utopia team implemented. Trading and swapping cryptocurrencies shouldn't be tedious in my opinion, and although I couldn't say for certain if whether the attempt made by Utopia is a success seeing as it is still in its infancy and there aren't that many channels in the network to play around with, it still warrants some sort of recognition for trying to chip the tree and do something innovative and usable.

I suggest that as Utopia sees growth in its userbase, particularly in the number of chatters in the network, they need to hire some moderators or train an AI program to scour for chats and monitor it, that way we can keep Utopia a safe space free from scammers, predators, and all sorts of bad actors that may relish in the relative obscurity and anonymity that this network provides.

Speed:
I find my PC slowing down sometimes when I log in and do whatever with the Utopia application running in the background. This is not a good sign as this will keep users with PCs and devices that aren't that powerful out of the application. Every app developer must have the empathy to include everyone into consideration. Utopia's application shouldn't be exempt from this.

It must be said however, that Utopia has some of the fastest processing of transactions that I ever encountered, so props to them for that.


All in all, the program is trying to do something, it just lacks the coherence and a visually-appealing design. Granted that these two issues are looked and fixed, Utopia will have a fighting edge over current P2P ecosystems in the market. With that being said I give Utopia a 2.0/5 score, they still have a couple of years to improve and expand their reach and I will watch Utopia's journey with great interest.
938  Bitcoin / Bitcoin Discussion / Re: Is $30 dollars worth starting bitcoin? on: April 19, 2023, 10:50:59 PM
In my opinion, yes. And I know a lot of people will agree with me. A good amount of people in this forum started with "laughable" amounts of savings when we started investing in bitcoin. It only boiled down on how long we're willing to hold the coin for a better profit potential, as well as how much are we willing to put into our initial investment to further increase our potential profits. Honestly speaking, $30 dollars in today's bitcoin economy wouldn't really do you much, so you're better off learning about DCA (Dollar Cost Averaging) to maximize your profit potential. It's not that hard to learn anyway. And DCA, when done on a coin with a positive uptrend like bitcoin, will always guarantee you bigger profits.
939  Bitcoin / Bitcoin Discussion / Re: Geeky crypto thief, 32, jailed for hiding $3billion in Bitcoin in popcorn tin on: April 19, 2023, 10:15:40 PM
What a fucking moron that guy. Stealing bitcoins and instead of using it for something worthwhile like idk, doing something about his physique (no fatshaming), he used it to tip hoes? That was rich.
Classic old case of "If I have more money more girls will talk to me", although wouldn't really put that much blame to him since he admitted to his crimes and because well, he's mentally disabled.

Hmm, could it be that this has something to do with Bitcoin struggling to keep above the $30k?

why not ask for those bitcoins to be returned to the exchange or platform they were stolen from?
Something something legislations, they need to liquidate the assets first in order to properly audit it and file on their reports, AFAIK they also need to determine the exact denomination of the coins in today's dollar value which is why they are also converting bitcoins into cash.
940  Economy / Economics / Re: Bans on crypto now looks like a joke on: April 18, 2023, 11:44:21 PM
Fhe US isn't really big on outright banning the cryptocurrency giant. What it could be looking for is total control over bitcoin, hence why so many bills and regulations are being reviewed in the congress. In any case, I do think that this just makes China the better country to have their ban lifted even though looking at it the ban pretty much did nothing to stop chinese cryptocurrency users from ever using bitcoin and other currencies. So I'm guessing this lifting of sanctions is more ceremonial and less ahout removing strict parameters set in the past.
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