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1321  Bitcoin / Bitcoin Discussion / Re: BTC holders, do not reveal your identity online on: June 05, 2023, 03:02:11 AM
I don't have much information about this case but I can't seem to link the doctor's death with Bitcoin. If the crime was about Bitcoin, the victim would probably have been tortured to force him to reveal his private keys. This is assuming that Dr. John would not easily give up on his considerable Bitcoin stash. This could mean his gadgets should have been found with his body rather than left in the car. I suppose important information linking his coins could have been stored in either devices. I don't think the victim memorized them, so the devices should have been used by the robbers during interrogation.

Also, if this is about crypto, is it not more possible that he's killed because of his Onfo Coin? This coin appears a scam to me. If this is the same coin referred to in Onfocoin.com, this is about earning money quickly through network mining, therefore a probable scam, a Ponzi in particular. The culprit could be victims of this Ponzi.
1322  Alternate cryptocurrencies / Altcoin Discussion / Re: Btc or any coin can become accepted currency this way on: June 04, 2023, 03:00:44 AM
The moment USDT, USDC, or any stablecoin for that matter grow this big, they will all be killed. Right now, governments are already implementing tighter regulations against stablecoins. So forget about these privately-issued coins being used in the future as replacements of the USD. In the first place, they can't even continue to exist if that fiat currency on which their price is pegged is already dead. They can't replace USD because they're like shadows of USD.
1323  Economy / Economics / Re: What is your personal debt reduction method aside the debt snowball method? on: June 04, 2023, 01:59:53 AM
I don't have debts at the moment. But I think the priority consideration in paying debts is to make sure those bigger ones won't accumulate additional interests for missing a payment. That would be risky. You might be buried in that debt. It may balloon beyond your paying capacity.

Those smaller debts, you can sometimes postpone the payment. You can also save small amounts daily so that when the due comes, you won't have to worry about it. You can probably even talk to the lender not to add additional interest if you only miss a month's payment or if you pay a partial amount. I doubt you can do the same to large debts.
1324  Bitcoin / Bitcoin Discussion / Re: Pizza day reflection,what would it be like to build a city from scratch with btc on: June 04, 2023, 01:14:25 AM
Or perhaps it is not about rural or urban. It's probably about the world of the internet. And that world does not really discriminate rural from urban and vice versa. It's a different world in there. And it's where Bitcoin naturally belongs. As an electronic peer-to-peer cash, Bitcoin could very well function as the internet's native currency. It knows no border. It doesn't censor. In other words, it's a currency that could be shared by everybody in the internet. Commerce in the internet is best dealt with a global currency. Bitcoin is the best there is.
1325  Economy / Gambling discussion / Re: Would you use a VPN on a casino, even if it is not allowed in their ToS? on: June 03, 2023, 03:55:46 AM
I'd rather not take unnecessary risks. If a casino doesn't allow the use of VPN, I would rather not use VPN. But there are casinos that allow the use of VPNs. However, it probably doesn't mean that they allow players from restricted countries who are using VPN to play on their platforms. The restriction stays.

If I am playing from a country that is not blacklisted, travelled to a blacklisted country and use VPN to hide my current location to continue playing while away from home, I am violating the platform's ToS, even if the platform allows the use of it. So why should I do it? I'm risking my account and my money.
1326  Economy / Exchanges / Re: Introducing Echangere a brand new Peer-to-Peer (P2P) Cryptocurrency Marketplace on: June 03, 2023, 03:21:49 AM
What do you exactly mean by "an escrow takes time in order to complete?" And how are the funds held by the escrow?

Sometimes, I wonder how a peer-to-peer platform is really peer-to-peer when there is in fact a centralized entity in between facilitating transactions. The buyer and the seller are not even in contact with each other. It actually doesn't differ much from a centralized buying and selling platform.
1327  Other / Beginners & Help / Re: Advice to a Friend on: June 03, 2023, 02:43:59 AM
Learning about Bitcoin and keeping up with the latest are probably two different and conflicting things. To somebody who is already exposing himself to Bitcoin, he can't avoid stumbling upon latest updates and controversies surrounding Bitcoin, but he can't put his entire focus on them yet. Surely, there will be lessons learned and knowledge gained in reading what's new in Bitcoin, but the basics are probably worth learning first.

The issue on Ordinals, for example, won't be interesting to somebody who doesn't have the background. That Chipmixer is seized by international authorities, for example, might be puzzling to somebody who doesn't even understand why such a service is important.
1328  Economy / Economics / Re: I hear de-dollarsotaion over and over again it's funny on: June 03, 2023, 02:02:14 AM
Well, the US dollar has already been replaced in certain trades between countries. Dedollarization is happening right now. But it doesn't necessarily mean that the end of the US dollar as a global currency is near, although I believe that if the US will continue to weaponize it against other countries, it will hasten the entire process.

I'm not a huge fan of this BRICS thing also, but it simply can't be underestimated. It's actually made up of the world's largest economies. China and India are the largest economies in Asia. Brazil is the largest economy in South America. South Africa is the second largest in Africa. Saudi Arabia, the largest economy in the Middle East, is also expressing interest to join BRICS.

Imagine if all of these countries will completely shun the USD in all of their trade activities.
1329  Economy / Gambling discussion / Re: $90,000 all in bet on: June 03, 2023, 01:12:03 AM
That's sad! I'm sorry for your loss. But, well, that's just what it is. That's just who you are. Gambler's gonna gamble.

With the amount of money you are gambling, I assume it's not too much of a big deal for you. That $90,000 is already big for me, but if you gained it over a course of one week only, and you managed to bet it all on a single match, I guess it's not something that would give you sleepless nights, or so I hope.

Well, back to step one. Good luck in your future bets!
1330  Other / Beginners & Help / Re: Animated video on the introduction to bitcoin for kids and newbies on: June 02, 2023, 04:55:52 AM
The video is nicely done. Although the animation is like for children, I think it's not really for children. There are certain terms and concepts that are most probably alien to them. 

It's basically for beginners. It's a great overview of what Bitcoin is, short yet comprehensive. Anybody could easily digest it, but it would also make them ask questions later.

Since the video is generally an overview, it might be interesting to add more to it, ones that are more focused on specific topics. Together, it becomes sort of a Bitcoin course.
1331  Bitcoin / Bitcoin Discussion / Re: Is Robert Kennedy Jr a True Bitcoiner or a Pseudo Bitcoin supporter? on: June 02, 2023, 03:42:46 AM
Politicians can't be trusted, of course. But, for me, a candidate taking sides is a lot better than one who prefers to stay neutral especially on certain timely issues like Bitcoin.

I'm not sure if Robert Jr. even understands Bitcoin and its implications but at least he's aware of it and he stands with it. It means a lot. And while many think that this is just courting the Bitcoin community for potential votes, taking sides actually means gaining some and losing some. It has risks. He will probably lose the votes of Bitcoin critics. He'll probably lose potential donations coming from companies and rich elites who would have otherwise considered him but discouraged because of his stand on Bitcoin.
1332  Economy / Gambling discussion / Re: Crazy Sports Betting Idea on: June 02, 2023, 03:14:59 AM
The top sports betting platforms won't probably offer odds on things like this.

But who knows? It's going to be unpredictable and there will also be a lot of choices. It seems a bit interesting.

Whenever a discussion on something like this comes out, I immediately remember Futuur. It is still active until now. It is a crypto betting site which was promoted here years ago. And it has the most unique things to bet on like whether humans will land on Mars by the end of 2024. And they also accept suggestions. So I guess you could submit this one and let's see if they will accept it.
1333  Economy / Economics / Re: Money is never enough! on: June 02, 2023, 02:20:16 AM
For me, it actually goes both ways. Money may never be enough for some. For others, however, a little amount of money is enough to live through each day.

But I agree with what you're saying. If one is consumed by spending, there will never be enough money. Your story is not unique. There are so many rich people who become poor because of irresponsible spending. If the outflow is faster than the inflow, it's just a matter of time before one gets drained of resources.
1334  Bitcoin / Bitcoin Discussion / Re: Will you support bitcoin as Global reserve currency? on: June 02, 2023, 01:58:51 AM
I will, of course. If we are supporting Bitcoin now or even before when it was still an underground online currency criticized by governments and banks, the more we will support it when it becomes a global currency.

It will probably be the only currency that is not fueled by deceit and lies and wars and all kinds of power struggle. It is the only currency that will remain free from the powerful influences and manipulation of the elites and bully countries.

It is transparent and verifiable by anyone. It can't be faked unlike gold reserves.
1335  Economy / Gambling discussion / Re: 5 Behavioural signs that suggest you are Addicted to Gambling on: June 01, 2023, 04:07:11 AM
The problem, however, at least where I live, is that nobody seeks treatment for it.

Yes, or what I am saying, that when they seek help it is because the damage is already too great, not because they notice a little of the symptoms described.

That's correct, or when it's already too late like when a gambling addict here killed and injured more than a hundred people in a Resorts World casino 5 years ago. A slight yet obvious change in attitude doesn't really raise a red flag. Symptoms don't trigger the alarm. It is wrong, but it is what is happening here. Prevention is always better than cure. That's what they say, but I notice that care would only be given once things have blown out already.

Just recently, I had a bet against a young policeman who went AWOL because of problems emanating from gambling addiction. He didn't pay me. Worse, he took my bet money. He was in the service when his gambling addiction turned worse. His workmates knew everything. No intervention was done. He himself didn't seek treatment.
1336  Bitcoin / Bitcoin Discussion / Re: El Salvador President Hires Bitcoin Standard Author As Economic Advisor on: June 01, 2023, 02:50:31 AM
Well, in the first place, it seems Ammous doesn't even have a strong background in economics. Although he's been teaching economics, he's actually an engineering graduate who has masters and doctorate degrees in the fields of development.

But he's probably studied the economics side of Bitcoin pretty well to have been able to produce a best-selling book on it. So he must have a fair amount of knowledge on Bitcoin.

Anyway, his is merely an advisory role. The president must have so many advisors and consultants left and right. Adding one more voice won't probably hurt, much less compromise, the entire economic roadmap of El Salvador.
1337  Economy / Service Discussion / Re: Bybit is the next to exit Canada, stating regulatory reason on: June 01, 2023, 02:10:15 AM
Yeah, it's either they comply and stay or not and leave.

~snip~

Here's the discussion about it. Basically, it's the enhanced pre-registration undertaking and some more rules such as the prohibition of leverage trading and the use of stablecoins.

In fairness, while OKX and Binance and Bybit didn't make it or at least didn't file for registration under the new measures, Bitbuy, Coinsquare, Fidelity, and others have already gotten their registrations. Kraken, Coinbase, Crypto.com, DigiFinex, Gemini, and others have already made the necessary filings.

All in all, I guess more can be said about those exchanges that didn't take the necessary steps to get registered than those that complied.

Okay then this is not what everyone is trying to make it appear if Coinbase, Kraken and Gemini continue to operate within Canadian jurisdiction. I thought it was a mass exit where all of the exchanges are forced to leave because of a ban similar to China hehe.

Prohibition or stricter regulations on leverage is okay, I reckon. Prohibition of stablecoins is also okay. I have always joked that stablecoins are fractionalized currencies that are backed by another fractionalized currency. It has entered fractionception hehehehehe.

I'm not sure if everyone is trying to make it appear like that, but it simply isn't the case. Definitely, if others are comparing it with China's ban, that's obviously being blown way out of proportion. Well, mass exit because there were a number of them, but it's not like everybody's packing up. Some have stayed. And they're big players.

I, too, am not a big fan of leverage trading and stablecoins, and I'm also in favor of heavily regulating centralized exchanges. But I also think a complete ban on those might be too much. They could be allowed but tightly regulated. They're tools, after all. For example, leverage is allowed but only up to 20:1.
1338  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Monero terminated in Italy, along with other privacy coins on: June 01, 2023, 01:35:09 AM
This is expected. This has been the talk of the town for years. Monero must have already caught the attention of the authorities ever since the Silk Road days. That was a long time ago. Years later, the IRS itself also offered more than half a million dollars as bounty to whoever cracks Monero. That was a desperate move and a humiliating admission that even the most powerful agencies could be helpless in dealing with privacy coins.

Desperate times call for desperate measures. Monero will have to be banned. It was just a matter of time. More countries will certainly follow.

But no big deal. After all, Monero isn't really tailored for the likes of Binance and other centralized exchanges that are all too willing to lick dirty asses for money. It has its own unique functions. It is to privacy coins as Bitcoin is to cryptocurrencies.
1339  Economy / Economics / Re: Dedollarization is here, like it or not on: June 01, 2023, 01:11:42 AM
It is here. It has been here. And for decades already. It isn't something that arrives all at once. Just like China's yuan that took decades before it finally competed against the USD, dedollarization is going to be a long process. And the movement won't be linear. There will be ups and downs.

I have watched old videos, some taken way back mid-1900s, and they were already talking about the weakening or even the fall of the US dollar. So far, the US dollar remains strong until today.

In my country, the dollar is growing stronger against the local currency. Well, it may be largely caused by the poor economic management within, but it must also speak of the continuing influence of the USD.

To be honest, I think I'd rather that USD remains more powerful than the Chinese yuan. Both are dirty, of course, but I guess the latter is much dirtier.
1340  Economy / Gambling discussion / Re: 5 Behavioural signs that suggest you are Addicted to Gambling on: June 01, 2023, 12:23:42 AM
The problem, however, at least where I live, is that nobody seeks treatment for it. Aside from the fact that there probably aren't enough institutions or professionals locally to provide these gambling addicts their much needed help, communities themselves seem nonchalant about what they're going through. People would only talk behind their backs without trying to contact the right agencies for necessary interventions. This is the reason why gambling addiction here is not anymore treated as big of a deal as it should be.
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