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1201  Bitcoin / Bitcoin Discussion / Re: Bitcoin mixing is NOT money laundering, per se on: October 23, 2023, 09:11:55 AM
If mixers have to fully identify their users before they can use them, then what the hell are they good for?
This notion basically defeated the purpose of having to use a mixer but then again if mixers want to help combat money laundering, I guess it wouldn't be such a bad idea. I guess that we have to find a way where the use of mixers aren't going to lay any suspicious eye on the people that are using bitcoin mixers. Damn, the problem of malicious entities is that they're abusing the freedom that the innocent has to enjoy is such a conundrum.
1202  Bitcoin / Bitcoin Discussion / Re: Do you prepare for a Bitcoin bull run? on: October 23, 2023, 07:28:25 AM
I keep my wallet pretty secure and always some money invested in bitcoins for the next bull market. I have long been prepared for the bull market of Bitcoin. And I always keep some of my earnings invested in Bitcoin so that I can sell it in the next bull market and make a good profit. And I'm still investing for the next bitcoin bull market and will continue to do so until the bull market begins.
That's so nice of you that you already have secured your bitcoins. I think that the act of slowly accumulating your bitcoin by slowly buying small amounts of bitcoin is already preparing so technically every person that's buying bitcoin right now and hoarding it and waiting for the bull run are preparing but if OP is talking about a different preparation maybe emotionally then it's going to be a different story because there are some people that don't really know how they will handle their emotions when bull run happens or what they have to do when they get out of the market when their target price finally arrives.
1203  Bitcoin / Bitcoin Discussion / Re: If Bitcoin were a physical currency. on: October 23, 2023, 05:54:28 AM
I don't think it will gather that much attention if bitcoin was introduced as a physical currency because there's nothing new or revolutionary about a physical currency because every country already have that for centuries already so being a physical currency won't make bitcoin stand out unlike in digital form, it stands out because even if it's not the first, the concept it reintroduced was pretty intriguing especially at that time when people are still pretty curious on what they can do on the Internet. If bitcoin was a physical currency, it will just become a fad and a thing of the past and some other "Satoshi Nakamoto" would probably create "bitcoin" but a different year.
1204  Bitcoin / Bitcoin Discussion / Re: Currency nature of Bitcoin on: October 23, 2023, 04:00:36 AM
What matters most is the utility. Embrace Bitcoin if it simplifies your life and has a positive impact on it.
If what you're saying is true then that would mean that bitcoin would be better off as a currency that's traded by people for goods and services because in principle that's going to garner the most utility compared to being a store of value. But you're right on your second statement though, that I can wholly agree.

Regarding my stance on what bitcoin should be, I would better off have bitcoin be a store of value because paper currency isn't going anywhere anytime soon and seeing how I can potentially make money with bitcoin being a store of value instead of a currency, I'd choose it to be that way for now, maybe it will change when I see the good in bitcoin being a currency.
1205  Economy / Economics / Re: Is the fall of Elon Musk's empire imminent? on: October 23, 2023, 02:50:36 AM
I don't really follow him that although given the headlines associated with him portraying him as a chaotic personality and crazy person and his businesses not doing well, I would simply say that he's empire is falling apart but I don't think someone like him will easily fall from grace, what if those headlines were not really a big deal and the media was just blowing it out of proportions which is the likely thing that they're going to do since they want to sell more news instead of telling the truth (which is the norm of mainstream media nowadays). One thing that we should ask ourselves is can we put our shoes in Elon's shoes that we can accurately judge that his businesses are failing or are we just hating on him for his antics?
1206  Economy / Economics / Re: Will people ever get tired of trading bitcoin? on: October 23, 2023, 01:55:03 AM
When the quantity of bitcoin runs out, will people start looking for substitutes? Most likely. But keep in mind that Bitcoin has become the benchmark for cryptocurrencies. It is comparable to the dollar in the digital age. People have faith in it and trust it. Additionally, value exists as long as there is confidence. As you correctly stated, the market finds its equilibrium. While people's preferences fluctuate and utilities differ, bitcoin is one thing that never changes. The future is here, and it's a good on
My take on this is that we should let the people of that time to worry about bitcoin, for now we should worry what we can see and speculate on what reaches our lifetime. I wouldn't really like to compare it to dollar though, stocks are more the similarity of bitcoin in terms of trust and value, Apple stocks goes down but we all know that it's going to eventually bounce back, that's the same thing for bitcoin too and the only thing that I believe is the similarity of bitcoin to US is the influence albeit at a smaller scale and its currency use case.
Will people ever get tired of trading bitcoin? the answer would be No. It is simply because they can make money out of it.
OP would've never made this thread if he'd known that this is the simplest of answer, my take on this question would be to ask the same thing with stock traders, would they ever get tired of trading stocks because they have a century of history already and look at them now, the only difference would be that bitcoin is limited in supply while shares of stocks can be created out of thin air.
1207  Economy / Economics / Re: Is there a formula for Bitcoin starters? on: October 22, 2023, 08:37:25 AM
There is no formula in bitcoin for newbies, there are different paths that one can take but in my opinion, your rule of thumb should be that if you're not making your ends meet and you are on survival mode even with a 9 to 5 job then investment should be the least of your priorities. But that one can argued/debated that you can still put some investments little by little but let me tell you this, are you ready to let go of paying your electric or Internet bill and just resort to using data and just charging your phone in a park somewhere? Or you can keep them and save the leftover money for things that can happen unexpectedly like sickness. Or let's say that electricity and Internet bills is too extreme for you, are willing to let go of your vices (cigarettes and alcohol only) or hobbies that's keeping you sane in this crazy world? Are you not that materialistic that you won't mind the money leftover after all the necessities have been paid goes to your investment?

That's why it's important to slowly develop a different skill so you don't have to rely on a paycheck to paycheck work and who knows, that skill that you're honing while you're working can help you make more money and get you out of survival mode.
1208  Economy / Economics / Re: Cracking the Code of Saving Money... on: October 22, 2023, 07:17:13 AM
Try living the life of not having a lot of possessions, remember that TV show where Marie Kondo does home makeovers and there's a method there that I forgot the name of where you can only keep three things on your house and the rest has to go, I think that it's a good guideline as to how you can minimize your spending in a world that's infested with capitalist consumerism. If you really can't do that kind of thing which is extreme, try to postpone buying that thing that you've been saving for a long time, wait for 30 days or so and do some self-talk about whether you should buy it. Or if you are smart enough and know yourself that you're not afraid of your reflection then just ask yourself if you really need it or you just want that thing, if it falls under need then go for it but if not then you got to let go of the temptation to buy that stuff.
1209  Economy / Economics / Re: The Role of Education in Financial Literacy on: October 22, 2023, 05:54:48 AM
OP, you forgot the part that I think is highly underrated when it comes to the benefit of education when it comes to helping people to become financially literate and that is the benefit of getting education is that it elevates the reading comprehension of the people, I mean look at your nearest book that is all about financial literacy, I am sure that there's a lot of technical stuff written in there and if you have a really low reading comprehension, the words and the sentences would just go right through your head and you end up not learning anything. There's a reason why a lot of dictators and totalitarian regimes throughout history have oppressed education in some way or form, and that is to prevent their people from ever becoming critical thinkers and becoming an active member of the society that they're in.
1210  Economy / Gambling discussion / Re: Why is horse racing so unpopular here and a bit of extra feedback on: October 21, 2023, 03:02:39 PM
Even me now, I can't remember when last have witnessed horse riding or see people gambling on horse riding because it's no more as popular as it was then, things have been modernized and advanced and there's more interest on other sport games than horse riding, we also see that most of the gambling platforms don't have this kind of game for gamblers to bet bacause of it low rate of gamblers participation in it.
That depends on the country, there's probably not a lot of horse racetrack in your country so it's not as popular or there's probably a lot of track but the betting would probably be needs your physical presence and given the current climate on animal rights, there's a lot of people on the Internet that are against any form of human entertainment that involves animals so they're  probably staying off online, if you actually know where to look for, you can probably find a television channel where you can find horseracing. For me, I only read about horseracing results on the sports section of the local tabloid.
1211  Economy / Economics / Re: Energy Crisis 2.0 in the New World Order era on: October 21, 2023, 06:53:32 AM
Venezuela could also decide to cooperate with China/Russia and RAISE the price of their oil. The U.S. doesn't have the power of negotiation.

I believe if that happens, then inflation will rise, and Jerome Powell would have to increase interest rates again.
The way you talk about US, it's as if they didn't put dictators on countries back in the 60s or secretly supplied weapons to insurgents around the world, they make you think that they don't have the power to negotiate but their military might and foreign influence isn't really something that anyone can just dismiss, I mean in our country, our last president was a staunch opposition of US having a presence in the country but the joint military exercise was still operational.
1212  Economy / Economics / Re: A dog that vomited and then ate the vomit again on: October 21, 2023, 05:15:41 AM
Plus, they're words don't mean much when it comes to business anyway. They'd turn the moment they see they can profit off of something even if they were arguing against it a second earlier.
Probably the most right thing about all of the stuff that's been said in this thread. People often forgot that these people are businessmen and these businessmen are slave to moneymaking and in regards to bitcoin, it seems that their stance is still on the negative side which would mean that they're not yet seeing anything that would garner them profit although one could also argue that these businessmen have influence and them being bearish about bitcoin is probably a conspiracy among them to make it go down so they can buy at a lower price and then change their minds when they've acquired what they think is a sufficient amount of bitcoin.
1213  Economy / Economics / Re: Bangladesh economy facing headwinds on: October 21, 2023, 03:26:32 AM
Bangladesh is limping because of their growing friendship with China and also due to government's failure to provide alternative sources of income to the citizens.

Read this article to know more about their Chinese loans and it's forex issues -

https://asia.nikkei.com/Economy/Bangladesh-s-looming-debt-bills-to-China-Russia-fuel-forex-fears

They should learn from Srilanka!
So Bangladesh is going to participate in the Belt and Road Initiative of China? Well, I guess they've just signed a death warrant for their sovereignty and economy with those loans. Sri Lanka doesn't technically own the infrastructures that was built on their country due to that agreement and the money that was built on that just got back to China because they have to hire a Chinese construction company to build those buildings. If that's what's going to Bangladesh then expect that "limping" economy to become "crippled" or "hobbled".
1214  Economy / Economics / Re: Young people needs productive mindset to be happy in life on: October 21, 2023, 02:31:53 AM
I'm not going to lie to you OP, I don't get your point in what you've said. Do we have to be productive to get a dream job position in the government or that we should be productive to be a happy member of society? I don't even know how a productive mindset works because productive is a behavior not a mindset, it kind of feels like you're just putting a positive word about working and getting a job to combine with mindset to make it sound profound. Plus you're answer to a happy life isn't even that profound or the necessarily right thing, working yourself to the bone to achieve happiness is the most capitalistic take I have seen in awhile, toiling yourself to produce products for your employer isn't really appreciating the gift of life.
1215  Economy / Economics / Re: Are short-term rentals to blame for the lack of housing? on: October 21, 2023, 01:12:36 AM
Rentals like any valid revenue should increase the ability for landlords or housing builders to increase their activity.  Usually the shortage of housing is from planning restrictions and just lack of land that can easily be built on.  Supply is restricted by government regulations, sometimes labor and materials.
Dude, it's easy to say to build new houses on properties or lands but you have to consider the expenses of cement and other building materials, cement is a difficult export and if everyone continues to upgrade their properties then there's bound to be a construction material shortage in that certain area.

Regarding short-term rentals, I don't think it's their fault because they're more lucrative to property owners to do that rather than doing a conventional renting property. I don't know if this is a real problem but there are a lot of abandoned towns and ghost towns around the world that could easily house a population the size of a typical city but the government bureaucracy makes it difficult for those ghost towns to become habitable again so in short, I would probably say that improper land utilization of the government is a problem. Another problem I can think of is the image of landlords being greedy freeloading motherfuckers who just happens to own a property and was able to rent it out, removing that said image by being a better person will definitely be a big help in housing problem.
1216  Economy / Economics / Re: Dangers of combining company and personal funds in the same account on: October 20, 2023, 08:17:42 AM
Right. Separating you accounts is a necessity and not something that you should just consider and then disregard.
Keeping your business finances and personal finances apart isn't just about organization, it is also about legal stuff. If your business and personal expenses mix and mingle, it can get super confusing during tax season. Also, when you register your business, it becomes a separate legal entity. Having a dedicated business account makes this separation and in case of any legal issues, your personal assets cannot easily be affected. You will also be able to monitor how your business is performing, if your accounts are mixed, youll get confused if some of those expenses relates to your buiness or just for your personal leisure.
Imagine when your business ever faces an audit, having separate accounts makes the process much smoother. It will make you life easier too. Smiley
This is what I've learned from my cousin who was a businesswoman, although the words are that I should set aside money for personal stuff when I make a profit in business but given that this is almost the same thing, I just have to point it out. But I have a question though, what if you can use your business and justify your personal expenses by using the business account when you're buying something big and personal?
1217  Bitcoin / Bitcoin Discussion / Re: Bitcoin gift to wife. on: October 20, 2023, 05:50:50 AM
First of all, congratulations to the bride and groom, may the vows you're promised will reach a renewal and may you never both get tired of the married life. That's a pretty awesome gift and it seems that she loves the idea since half of the bitcoin that you own is now hers I don't see how that's going to be something that she will reject especially when you've given it to her not long after the event that she's probably dreamt about for a long time and that you've educated her about bitcoin and she already knows a thing or two about it, plus you've got her the gold ornaments too so there's really no downside for her to not accept that proposal.
1218  Bitcoin / Bitcoin Discussion / Re: Bitcoin kwoledge is not complete without bitcoin investment on: October 20, 2023, 04:15:50 AM
I think we all need knowledge till death. Acquiring knowledge is not wrong at all, be it for any job. You continue to acquire knowledge as much as you can and trust that it will come in handy later on. There is no harm in learning exactly what Bitcoin is when you can. But if you want to invest in Bitcoin then you can do it with common knowledge first.Then you will know bitcoin and you can gain knowledge of Bitcoin from your investment. You will never find the right path if you don't make mistakes. So invest small amount first and catch your mistake.
Not just knowledge my guy, you also should be able to acquire wisdom and tact so you know what to take in and what not to take in, knowledge is a hit or miss for everyone although they are all knowledge, that doesn't mean that it's going to help you if you have a knowledge on that. For example, if your work focuses mainly on building stuff, you benefit from acquiring knowledge on engineering, masonry, equipment maintenance or mechanisms of machines but the knowledge of how the earth's crust forms or how continents are made doesn't benefit you, but in a geologist standpoint, they will benefit from that but not on the knowledge about engineering so knowledge combined with wisdom is the best thing.
We can still learn a lot about Bitcoin and don't need to buy it.
Remember in many poor regions, it is still very difficult to buy Bitcoin because due to lack of regulation and less standards like from gold. At all, we should educate us first.
Yes, you are right but experience helps you learn more because without the experience, knowledge will just be entirely theoretical and with no way of feeling and experiencing it for yourself, your knowledge of bitcoin will just be incomplete. Regarding difficulty in finding a way to buy bitcoin, remember that when people are restrained, they will always find a way to get out of that restraint. But if you really don't have the money to buy any bitcoin then that's a different story because it's now all about survival not living.
1219  Bitcoin / Bitcoin Discussion / Re: Bitcoin Awareness - Welcoming New Bitcoiners with $1 Worth of Sat in Cameroon on: October 20, 2023, 02:33:12 AM
It seems like you are doing a good job. The only thing, I imagine that the LN is done through some centralized entity, isn't it? Otherwise you should open a channel to send that $1 to each person. In general everything that involves a popularization of Bitcoin seems to me a good idea even if it does not fit perfectly into Satoshi's initial idea of P2P.
As much as this is a cause for concern, I think that for beginners it helps that they are able to just start with this because teaching them about complicated things quickly wouldn't probably be in their best interest, let them explore the easy parts and as OP have said, they have a private group chat for their questions. Also, you have to understand that there are different ways for someone to learn about bitcoin and I believe that the way that we learn about bitcoin is flexible and has a lot of freedom, that way embodies what bitcoin is to the core.
It is a known fact that Cameroon government has yet implemented an appropriate regulation about cryptocurrency hopefully they will be inclined in accepting BTC. 
Which is a good thing because if there's nothing to be done about it yet then the people who wants to learn about bitcoin are doing just fine and if down the line the bitcoin influence in the country seeps through the government of Cameroon then the current status quo of bitcoin and crypto in the general would probably change and hopefully for the better of both bitcoin and the people of Cameroon given that when the influence was hopefully positive when it reached the government.
1220  Economy / Services / Re: 👉[OPEN] ▄■▀■▄🌟Bitvest.io🌟 - Plinko Signature Campaign, Member+ {Funds Escrow] on: October 20, 2023, 01:42:49 AM
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