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1621  Economy / Service Discussion / Re: Somethings are unique and different Royse777 did today. on: March 19, 2023, 10:56:02 AM
It's wise of Royse777 to do that. But this is not something unique. Even outside this forum, you have to recognize and grab the opportunity as soon as it comes knocking on your door. When a star athlete is about to finish his/her contract or when he/she decides to become a free agent, offers begin to flood. The wise move is to court him/her. The same goes with the best employees, brilliant consultants, lawyers, and others. As soon as there's an opportunity, grab it, or at least try to.

We all know that the campaign that holds the best posters here on the forum is Chipmixer. When it ended all of a sudden, there's a window of opportunity opening up. Royse777 wanted to grab it right away. It's just perfect that he's promoting an alternative mixer. Chipmixer leaving the scene means a huge market is looking for another option. It's a great time for Sinbad to step up and become aggressive.

On a different note, I'm happy that this happens. While I know that Chipmixer participants are principled, it certainly matters that their posts are paid. To a certain extent, they're incentivized to remain active, join discussions, and share their valued knowledge and ideas.
1622  Bitcoin / Bitcoin Discussion / Re: The future of decentralization and BTC digital economy on: March 19, 2023, 10:19:26 AM
I haven't watched it, and I guess I probably won't. I will give them the benefit of the doubt but when it comes to unbiased views, these people are not the best out there. They're more of businessmen than visionaries, especially Zhao and Sun. I'm not even sure if these two are assets or liabilities to the crypto community. I don't know what they're preaching, but if it's the gospel of Bitcoin, they're certainly not practicing what they're preaching, not walking the talk. Andreas Antonopoulos is a world better than them.
1623  Economy / Service Discussion / Re: Binance launches new cloud mining for Bitcoin on: March 19, 2023, 09:50:07 AM
I used to do some research on cloud mining years ago when it was quite trendy. Although there are names that have earned more or less a good reputation like ViaBTC or NiceHash, the overall impression is that cloud mining is almost like a scam. I doubt that CZ is clueless of the dirty reputation of cloud mining. He must be aware of it. But he's still pursuing this, and I don't know why. Perhaps he just wants to make more money. He must have assumed that with the Binance name, it could easily attract investors.

This doesn't come as surprise to me, though. CZ is an aggressive businessman. He makes the most of every opportunity. This cloud mining business is just another addition to an already long list.
1624  Economy / Gambling discussion / Re: How much these features weigh most when you choose your favorite casino? on: March 19, 2023, 09:22:00 AM
Here's my ranking:

Features:Importance:
Huge variety of games and different sections (sports, live tables, etc
Good bonus/reward program
Good looking, intuitive and fast user interface
Good help desk
Strong community/ Reputation
The age of the site
Casino's own token that pays dividends / ability to mine it by gambling
Instant deposits & payments
No Kyc
Nr of payment methods
6
7
4
5
1
8
10
2
3
9

OP, I don't understand why a strong community/reputation of a casino is the least important to you. I made my ranking without checking on yours or any other ranking. When I compared mine with yours, I was surprised. If it was just strong community, I would have ranked it lower, but since you included reputation to it, I guess that's everything that a casino should have so that I will be playing there. I'm bothered how a gambler would not treat a casino's reputation as the number one priority.
1625  Economy / Economics / Re: Money and the Hart of humanity on: March 18, 2023, 03:00:37 PM
Money has become the center of many people's lives. I don't really understand why. Perhaps it's how materialism has shaped us. Perhaps this is how consumerism affected our mentality. I know that materialism is probably as old as time, but as far as my experiences are concerned, it seems the younger generation is way more materialistic than the old generation. I can generalize that the generation of my grandparents is easily contented. This may have a good and bad side, but happiness was indeed more affordable back in their time. Today, many youngsters would commit crimes just to get what they want.
1626  Bitcoin / Bitcoin Discussion / Re: EU Lawmaker Johan Van Overtveldt Compares Crypto To Drugs, Calls For Ban on: March 18, 2023, 02:37:03 PM
He's barking at the wrong tree. I have to admit that this man's crazy ideas may not appear insane and illogical to some, but it's only because this is something that we can easily observe among us in many aspects of life.

The current banking system is rotten and unsustainable. Without employing shady means, it simply can't last long. But when it finally collapses, the blame is directed at something else. They are quick to raise pointing fingers at alternatives. Rather than inward evaluation, they are quickly scanning for any disruptive force outside.

Speaking of drugs, a very common initiative or perhaps one of the main approaches to curb its spread here in my country is surprise drug testing. I can liken this to Van Overtveldt's absurdity. In all honesty, that doesn't address the problem. It barks the wrong tree.
1627  Economy / Economics / Re: Has anyone felt lost in pursuit of financial freedom ? on: March 18, 2023, 11:11:52 AM
I also pursue financial freedom. But I will never sacrifice my life for it. After all, the very reason why we dream of financial freedom is to have a happy life. However, the irony is that in our pursuit of financial freedom, we often sacrifice small moments that truly make us happy. In the process, the means become the end itself.

I used to work with the government, and I was compensated well. It's a job worth sticking to. But I proudly left it when it grew so toxic that going to work means suffering. Some are willing to stick to it, choose to be patient, and sacrifice for the money. Me, no thanks!

Life is here and now. It's pointless to sacrifice your well-being for the sake of the money that is supposed to assure your well-being.
1628  Economy / Gambling discussion / Re: Physical gambling and internet gambling which is more fun. on: March 18, 2023, 10:48:05 AM
I am not really an advanced gambler, although I have long been gambling. But always moderately, of course.

I know that many here wouldn't agree with me, but I am with those folks in your locality who think that physical gambling is more fun. Until now, I am more into physical gambling than online gambling. As a matter of fact, I just won the other day when my neighbor's mobile game team clashed against another team from a nearby village. Although I feel some guilt about it, I would also bet on live cockfighting. During NBA playoffs also, I mostly bet outside, especially if the odds are better than the ones offered by crypto bookies.
1629  Bitcoin / Bitcoin Discussion / Re: Bitcoin is the first success story on: March 18, 2023, 10:20:18 AM
However, there are people whose risk tolerance is so low that Bitcoin might not really be for them. There are those who criticize Bitcoin as an investment. For me, the real reason isn't what they're telling the public like Bitcoin doesn't have intrinsic value, it is not properly regulated, it lacks consumer protection, it's too volatile, and so on and so forth.

The truth may be that Bitcoin simply isn't for them. They simply can't take that investment in Bitcoin could mean that their portfolio could lose 80% of its value. They cannot bear that possibility.
1630  Other / Beginners & Help / Re: A reminder that with your bitcoin in a cold storage, you can be your own bank on: March 18, 2023, 09:43:29 AM
The sad fact about issues like this is that the masses are those that will be affected because most of the billionaires and stakeholders always invested their funds while living on debt to be tax-free so that the government will print more money.

Actually, when a bank as large as the ones mentioned fail, victims do not just include the masses. It may also include billionaires and billion-dollar companies.

Circle, for example, has billions of dollars in SVB when the latter collapsed. There are many others that had millions and billions stuck in the bank. Of course, there are also small depositors who are affected.

The difference, however, is that when these small individual account holders become the victims, they lose their life savings. When billionaires become victims, their lives are unchanged. When large companies lose billion, the CEOs and presidents and owners remain rich.

All I'm saying is that small fishes like us should be extra careful. Our choice between Bitcoin in cold storage and money in a bank account could mean everything to us.
1631  Economy / Service Discussion / Re: ChipMixer.com has been seized. on: March 17, 2023, 02:56:51 PM
What will happened to those who use the mixer previously. Is there a chance that my Bitcoin will be connected by Bitcoin use from money laundering or we are still safe? I use Chipmixer every week to mix my coins. It’s sad to read this bad news.  Cry

Agreed. This is very much similar to how the government has arrested Tornado Cash's developer for creating a tool to protect someone's anonymity and privacy. I reckon if a car was used by a criminal to kidnap someone, the government cannot arrest the car company or if a cellphone was used as detonator for a car bomb that killed hundreds of people, the government cannot arrest the cellphone company.

And yet, in the case of Tornado Cash, hundreds of millions worth of different coins linked to the mixer in one way or another were frozen. This was generally a blanket move. This wasn't just done selectively to suspicious wallets and addresses. This included funds of innocent and unsuspecting Tornado Cash users.

However, the argument remains the same. The government does not have the right to arrest the creator of the knife if his creation was used to murder someone. The government should arrest the murderer. I am shaking my head why there are some people who argue that the arrest and detention is acceptable because it is not.

Well, views differ. Apparently, your view isn't shared by the government. It is unfortunate, however, that the government is the one that is more powerful than you. If you think that they don't have the right to do this and that, but they don't agree, they will prevail.

So whether you think the government does not have the right to arrest somebody who is just writing an open source code, Alexey Pertsev is in fact still in jail right now. Whether we believe that starting a marketplace is not a crime, Ross Ulbricht is actually rotting in jail until today. So while we all agree that providing the people the means to protect their privacy isn't a crime, this Nguyen could indeed end up in jail as well.
1632  Economy / Economics / Re: If they have the solution, why are banks still failing? on: March 17, 2023, 02:30:45 PM
To be fair to these banks and whoever running them, I don't think they "portray the banks as the only remedy to the financial problems of the world." Are they saying that?

Even if they say so, don't think that they actually know everything. They may appear as if they know it all, but no, they cannot foresee everything. They even failed to assure and pacify their depositors and prevent a bank run. They even failed to keep themselves solvent.

As a matter of fact, the collapse of centralized crypto companies like FTX is almost similar to the collapse of these traditional banking institutions. They may heavily criticize crypto companies and yet they also failed due to irresponsibility resulting to insolvency, lack of foresight, wrong predictions, false assumptions, greed, overconfidence, and others.
1633  Bitcoin / Bitcoin Discussion / Re: The value of bitcoin remains the same on: March 17, 2023, 01:51:42 PM
Value is relative. And it also doesn't remain the same. I'm not talking of the price, of course.

To somebody living in Beirut where money in the banks could not even be withdrawn, Bitcoin is more valuable. In the same manner that Bitcoin is certainly more valuable to somebody who's from Ukraine trying to evacuate and cross borders than one who is living peacefully in a place where businesses are freely operating and bombs are not dropped anytime of the day. Bitcoin is also more valuable to a father who's from El Salvador working in the US who has to send money to his family every pay day.
1634  Economy / Gambling discussion / Re: [Boxing] Canelo Alvarez vs John Ryder - May 6th in Mexico on: March 17, 2023, 01:15:16 PM
I don't see how John Ryder would possibly upset Canelo. I'm interested at how the Ryder team would set a game plan that would deal Canelo an unexpected loss. Although this is a huge opportunity for their fighter, they will surely be challenged at the odds in front of them. They've got nothing to lose, yeah, but winning is just too big to simply disregard.

So far, the odds I've seen has Canelo at -1450 and John at +770. That's practically saying John doesn't stand a chance. To be honest, I'm seeing a KO victory for Canelo, but I'd be happy if John would give everybody a shock.
1635  Economy / Speculation / Re: Bitcoin can do 30k$ this month? on: March 17, 2023, 12:49:27 PM
Who can tell? But since the price at this point is almost $27,000, I would say $30,000 is more probable than $20,000. Of course, $30,000 is nearer, and it seems Bitcoin has gained a nice momentum ever since it recovered from that unexpected fall below $20,000. Although we may see $20,000 anytime within the month, if I will make a bet, I would happily place it on $30,000. I'm particularly amazed that even with what happened to certain banks that are crypto friendly and with USDC depegging, Bitcoin remains strong.
1636  Bitcoin / Bitcoin Discussion / Re: What other ways are available for purchasing Bitcoin? on: March 16, 2023, 08:50:09 AM
Well, aside from P2P platforms, Bitcoin ATMs, vouchers, and other ways that have already been mentioned here, are there not local crypto wallets or digital banks offering crypto in your area?

I don't know which country you are from but from where I am, the harder part when banks are completely cut from crypto is not the buying but the withdrawal. Buying Bitcoin here is easy. You can do it by loading a local crypto-supporting wallet, even via 7-eleven, and convert it to Bitcoin. Upon withdrawal in fiat, KYC is almost unavoidable.  
1637  Economy / Exchanges / Re: Beware of changing withdrawal address when using CEX on: March 16, 2023, 07:37:14 AM
As far as I can remember, I changed withdrawal addresses a number of times in the past. And I used to maintain different centralized exchanges. I never had a problem. So I guess this isn't just about changing withdrawal addresses alone. It may have something to do with a change of IP address, for example, or a change of location, or perhaps the withdrawal to a new address is made after a long period of inactivity in the account, or other possible triggers.

This is one of the disadvantages of keeping your money in a centralized exchange, especially when there is an emergency or an urgent need for that money. Lucky for you, you got it after almost two weeks. Some are asked for KYC and each time they submit they got rejected.
1638  Economy / Economics / Re: Is there anything like Bitcoin savings? on: March 16, 2023, 06:49:52 AM
You can do that, of course. You can create a Bitcoin wallet, hide the private keys, take the address and send Bitcoin to it every time you have some money to spare. You can forget about the wallet, even delete it, and continue to send Bitcoin savings to that address. Just make sure you keep the private keys with you.

This isn't exactly the same with a savings account in a bank, though. The differences, among others:
  • Your money in the bank is not kept intact and untouched. The bank uses or invests it somewhere else. However, the Bitcoin in your wallet remains untouched.
  • Your money in the bank earns interest, although very small, even lower than inflation rate. Your Bitcoin savings do not earn interest.
  • You don't own your money in the bank. Meaning to say, there is a possibility it is taken away and you can't get it back. If you make a withdrawal, they can decide not to approve it or limit what you can get. As to your Bitcoin savings, you fully own it.
  • You don't fully control your money in the bank. For example, the bank may freeze it if your account is dormant. Moreover, the bank may regularly deduct a portion from it as fees. With your Bitcoin, it's only you that can do anything with it.
  • Your money in the bank is insured up to a certain amount. Your Bitcoin in your own wallet isn't.
1639  Economy / Service Discussion / Re: ChipMixer.com has been seized. on: March 16, 2023, 04:58:58 AM
What will happened to those who use the mixer previously. Is there a chance that my Bitcoin will be connected by Bitcoin use from money laundering or we are still safe? I use Chipmixer every week to mix my coins. It’s sad to read this bad news.  Cry

Agreed. This is very much similar to how the government has arrested Tornado Cash's developer for creating a tool to protect someone's anonymity and privacy. I reckon if a car was used by a criminal to kidnap someone, the government cannot arrest the car company or if a cellphone was used as detonator for a car bomb that killed hundreds of people, the government cannot arrest the cellphone company.

And yet, in the case of Tornado Cash, hundreds of millions worth of different coins linked to the mixer in one way or another were frozen. This was generally a blanket move. This wasn't just done selectively to suspicious wallets and addresses. This included funds of innocent and unsuspecting Tornado Cash users.

Quote
~snip~
Does this imply that there are government agents who are reading our posts and following some accounts who might be a danger to society hehehee?

Of course, most likely. They've probably long been here. They're probably not just reading; they might also have accounts. After all, this forum was also the place where Silk Road's Ross Ulbricht, altoid here, left a trace that cost him his freedom.

This forum has probably long been an interesting place for them.
1640  Economy / Gambling / Re: New Casinos Launched in Canada on: March 16, 2023, 04:04:53 AM
It seems this website isn't really a helpful site but just one who is made solely for traffic and ads and therefore money. In the first place, the list does not really comprise of new casinos. Some have been in operation for years already. Secondly, some of these casinos aren't really launched in Canada. BC.Game, for example, the one that is a bit more popular than the rest, is, just like many other online casinos, based in Curacao.

This article is obviously written by an outsourced content writer from whichever part of the world.
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