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521  Economy / Economics / Re: Is Ithiopia bankrupted? on: December 31, 2023, 02:03:30 AM
Help Ethiopia and Africa get rid of poverty? Probably, in a way. But only indirectly. Bitcoin doesn't feed the poor. Bitcoin doesn't transform the lives of those who are in abject condition. Bitcoin isn't an economic program or a poverty-alleviating initiative.

There are those African-based groups, however, like Bitcoin Ekasi that are strongly supporting Bitcoin, helping its adoption, while also conducting side activities that directly help the poor. But this isn't about Bitcoin. They're just doing charitable works alongside Bitcoin promotion.
522  Economy / Gambling discussion / Re: Survey: Betting strategy: (WIN)-(WIN+DRAW)-(DRAW ONLY) on: December 31, 2023, 01:38:44 AM
It all depends on the odds. In close match-ups, however, I'm afraid it's hard to do this because the odds are also close. If you place a bet on one team and another on draw, you might only be profitable if you win the draw. It's not a win-win bet. Whereas, if you do this in a match-up that has a clear favorite and underdog, you can place a win-win bet if you side with the underdog like Bournemouth in your example and draw.

If you're betting on Fulham, for example, against the Arsenal, you can also place a bet on draw and you're assured that whether the game ends with Fulham as the winner or it ends with a draw, you will still win.
523  Bitcoin / Bitcoin Discussion / Re: Bitcoin will do to bank what Email did to post office on: December 30, 2023, 12:47:45 PM
I find your argument wrong. If banks will one day perish because of Bitcoin, it's not actually because Bitcoin is profitable. It's not about profit. People don't keep money in the banks because of profit. People having savings accounts in banks are not investing their money. If there are people who do this, they do it wrong. How much do banks give to account owners? That's even less than 0.3% per year. Some are even as low as 0.1%.

Banks are for safekeeping. If saving in Bitcoin is more profitable, then Bitcoin is the better choice in that aspect. But I'm sure even Bitcoin supporters keep money in the banks. And it's not because of profitability but simply because it's safer to keep money there.
524  Economy / Exchanges / Re: Should Binance users be worried over the exchange? on: December 30, 2023, 12:15:15 PM
If you resist the official call coming from no less than the government and insist on keeping your money in the exchange, then it's a reason to worry. If your government orders its citizens to stop using a centralized service provider, you better follow. Otherwise, you're not only violating an order, you are also putting yourself and your money at an unnecessary risk.

What if Binance locked your account as well as your funds? Who will you turn to? Binance? They will tell you you're not even allowed to use the service. To the government? They will tell you you're using an illegal platform.
525  Bitcoin / Bitcoin Discussion / Re: The general public still doesn't understand Bitcoin is still growing on: December 30, 2023, 11:24:46 AM
You should have taken a picture of that book. My guess is that it's probably written by a local author. I doubt if an international publisher is that negligent or incompetent in accepting a book for publication even if it is obviously full of errors. And to think that it is probably published just within this year, it's unimaginable how a screening committee approved it. I mean, it's very easy to check on Bitcoin's price and volume and adoption.
526  Economy / Gambling discussion / Re: why do people always play gambling even if they always lose? on: December 30, 2023, 11:05:49 AM
It's probably because of the fun and the thrill one can get in gambling. The prospect of winning, of getting money, is probably enough reason for many to gamble.

Here in my country, a big part of the population bet on all kinds of lotteries, legal and illegal. If you ask them how often they win, they will tell you that it seldom happens. As a matter of fact, in lotteries that have huge jackpots, they never win at all. But they continue to bet day after day after day.

There are also those who make Bingo houses their homes. They are present everyday. Are they really making money? Of course, not.

I guess there is fun in playing gambling games even if it's hard to win. And the possibility of winning makes it attractive enough.
527  Other / Beginners & Help / Re: Unless the prime suspect is caught, everyone is a suspect. on: December 30, 2023, 10:25:40 AM
If only we can stay private both offline and online. Unfortunately, that seems impossible nowadays. Staying private in this digital age is something that is not just within our control and authority. Health records, school records, even your dentist's records, are backed up in a cloud storage. Even government agencies are keeping personal information in hot storage. So, we really can't avoid having our personal details kept online.

Recently, even my country's primary data recording agency fell victim to a hack. There was a data breach. It happened shortly after the country's main health insurance agency also experienced a data breach following another hack. So, however careful we may be to keep our privacy intact online and offline, if the government itself is incompetent, our personal data could be accessed by other people.
528  Bitcoin / Bitcoin Discussion / Re: What we all learnt this 2023 on: December 29, 2023, 03:11:43 AM
This thread probably belongs to the beginners and help section.

Anyway, I agree with your advice. And having been in this market and community myself for years as well, I've also learned them through experience.

Popular opinions often don't last. So popularity can't be made as a basis for one's investment decision. The best time to have invested in Bitcoin was when it was not popular.

Reliance on public channels and platforms is more risky than reliable. Such platforms are full of scams and false experts.

While diversification is generally a wise business or financial advice, it might not apply to crypto where a good and profitable token or coin is like a needle in a haystack.
529  Economy / Economics / Re: The steps to follow in creating a budget on: December 29, 2023, 02:50:40 AM
Sometimes people make budgeting as if one needs a rocket science degree in order to do it right. I think budgeting is very simple. It's probably just a matter of common sense. Live a simple life. Avoid an unnecessary lavish life. That's it. If you are still having a hard time budgeting what you have despite living a simple life, then that means you need to find ways to increase your income. Now, that's probably the harder and complicated part.
530  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a Replacement for a College Savings Plan on: December 29, 2023, 02:19:36 AM
I doubt that companies would soon remove the college degree requirement, at least not here in my country. As a matter of fact, with jobs getting scarcer and scarcer and the number of jobless labor force getting higher and higher, it is a significant edge that you're a college graduate.

However, it is also true that many jobs nowadays are skill-based. I guess one has the option not to pursue a college degree for as long as he/she is determined to hone his/her skills to the level of an expert. That would, however, limit one's promotion opportunities.

But whether one decides to get a degree or not, Bitcoin is always the way to save.
531  Economy / Exchanges / Re: 4Bit.uk | CEX without KYC / Staking / Futures on: December 29, 2023, 01:46:17 AM
Another misleading marketing post. I wonder why many centralized exchanges have to falsely claim they don't require KYC when it's crystal clear in their terms and conditions that they do.

In your privacy policy, you started with the introduction that "we respect your privacy." But then right in the next number, there's the condition that "we may collect personal information" which includes name, contact information, billing, and so on. The terms even include using or sharing personal information with third parties to comply with legal obligations, among other purposes.

So, how can it be a "CEX without KYC"?
532  Economy / Gambling discussion / Re: How should Lotteries be categorized? on: December 29, 2023, 01:25:55 AM
Gambling games widely vary. There are games which require different degrees of luck. There are also games which require a certain amount of skill. If we include sports betting, they require knowledge and probably a little amount of research. There are those that have house edge. There are also those that don't have. There are gambling games that are played against the casino and there are also those that are played against other players. There are those that have huge jackpots and those that have low prizes. The chances of winning also vary from one gambling game to another.

I think lottery is just one kind. But it is a gambling game.
533  Economy / Services / Re: [CFNP] BestChange Signature Campaign | Sr Member+ on: December 28, 2023, 08:11:28 AM
Payment for week 206 was sent yesterday: https://www.blockchain.com/explorer/transactions/btc/d14f23736dd0c20c8640a3af0864ecfcbf19d63e9db5227404d86c05ac1ef0c6

The bonus went to:

  • The Cryptovator
  • adaseb
  • KingsDen
  • m2017
  • LogitechMouse

Cheers, everyone! We wish you a very Happy New 2024 Year! Thank you for being with us.

Hello, Best_Change!

Please double-check this week's payment. It seems I've been paid $30 more. I'm not one of this week's bonus recipients, but it seems $130 is about to be credited to my wallet. You may deduct the excess from next week's payment.

Thank you very much! Happy new year, everybody!
534  Bitcoin / Bitcoin Discussion / Re: are there any bitcoin faucets nowadays !! on: December 28, 2023, 02:55:32 AM
The good old days are gone in terms of Bitcoin faucets. But these days we have now are probably better in terms of Bitcoin in general. That generous Bitcoin giveaways are gone and those that are left only give worthless crumbs mean Bitcoin has become more and more precious and valuable.

There are still a number of crypto casinos that have faucets. You can spend your time availing them and gambling with the proceeds, but if you are planning to make money out of faucets, you are wasting your time. If you want to have Bitcoin, you better work for it. Getting a job somewhere and buying Bitcoin with what's paid to you is a better way.
535  Other / Beginners & Help / Re: HODL!! the origin story on: December 28, 2023, 02:10:06 AM
Former Binance CEO, CZ actually said it means Hold On for Dear Life (HODL).

Once such acronyms become famous, various versions of them appear. This is clearly not the original meaning.

And people should probably stop typing or writing hodl in upper case or in caps lock form. It would appear as if hodl is an acronym. No, it is not. It is simply a misspelled hold. Each letter doesn't actually have a word to represent.

CZ as well as many crypto article writers probably don't know the original story of how the word hodl became a widely accepted word in the Bitcoin community. Or perhaps some of them are just playing with it.

But to those who know the story know that hodl is the right way of writing it and not HODL.
536  Other / Beginners & Help / Re: Understand your wallet on: December 28, 2023, 01:40:20 AM
Look for trusted reviews and analyses of wallets. You can also ask users here for feedback and advice on certain wallets. There have been discussions here on different kinds of wallets. You just have to search for them. Keywords such as non-custodial and open-source are the most important things to consider. You can start with the most basic like making sure that your wallet gives you the private keys. That basically means it is non-custodial. Meaning, you have full control of your funds. Actually, you don't have to be an expert and do your own investigation on every single wallet option. A good research can make up for your lack of technical expertise.
537  Economy / Economics / Re: Ditching US dollar on: December 28, 2023, 01:04:51 AM
Of course, if two countries that previously used the US dollar decide to finally do away with it, it will have an impact on the US dollar. They would let go of every single USD in their coffer. They would not be buying any in the future.

But the bigger question is would they be able to fully detach themselves from USD? Will all their trading partners be amenable to avoid using the USD? If not, could they survive trading only with those that are willing to accept their local currency? Are international trading partners willing to deal with an unstable Iranian rial, for example, that has been losing value so fast in the past several years?

To my mind, the gravity of the impact of ditching the USD wouldn't be as heavy on the USD as their very own countries.
538  Bitcoin / Bitcoin Discussion / Re: Bitcoin transaction fees have disappointed me today on: December 28, 2023, 12:25:43 AM
Probably, in some way. If one Bitcoin user is now avoiding the use of Bitcoin as payment because it is very expensive, then that's telling of Bitcoin's failure in its role as a currency. Well, Bitcoin has different roles now. And it's probably doing great in others. Apparently, the rise of Bitcoin's price is a proof that it remains in high demand despite the exorbitant fees. Anyway, we'll just probably maximize all available means to somehow lessen the fee.
539  Economy / Gambling discussion / Re: License: is it a guarantee? on: December 28, 2023, 12:04:38 AM
Of course, not, especially when a license is obtained from a shady jurisdiction so to speak. Curacao gambling licenses, for example, are easily given away for a certain price. It is cheap and easy to get. That's why many online casinos are going there. It is the easiest way to register an online casino.

But does the government of Curacao really make sure that every single gambling company legally registered in its territory passed a stringent screening? Does the gambling regulatory body conduct regular audits? Does the government make sure that the companies are fully accountable? I don't think so.

If a gambling casino or betting site is registered in strict jurisdictions like the US, for example, it could somehow be a guarantee.
540  Bitcoin / Bitcoin Discussion / Re: What would happen if BTC were to be adopted as a global reserve currency? on: December 27, 2023, 03:35:27 AM
It's starting to happen. Not that Bitcoin is totally replacing fiat, but at least Bitcoin is now a legal tender in a couple of countries. Some others might follow. But the influx will probably happen once the current monetary joke will be made obvious and the paradigm shifts. Who knows, I'm hoping the next kind of money will be detached from the powers of the state and totally free from abuses. Bitcoin is a good candidate. This might happen in the next several decades, though, or not at all.

You don't have to worry about Bitcoin. Governments can't kill it. And the wider the adoption grows, the harder it is to even try shutting down.
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