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1241
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Economy / Gambling discussion / Re: Gambling is Addictive...Pay Attention to your Gambling Habit!!!
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on: October 26, 2020, 09:35:03 PM
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Many lessons can be taken from the story in the opening post. That the habit of gambling if not controlled or restricted can make us addicted.
If we are addicted it will hurt us, not only do we run out of money, but our lives can also fall apart. Hopefully the members of this forum can
control themselves when playing gambling, so they are not addicted. I also now only play gambling every weekend, and provide a special budget
for gambling, so it doesn't interfere with other needs.
Tbh, money has a great part in a person's life, and it's hard for us to risk money since we use it for survival. That's the reason why gambling addiction can ruin the lives of people because it involves money and destroys the mentality of humans. Once a person is full of debt because of gambling addiction, financially unstable, he might regret those and thinks that he has lost a good future in life. Money is a bigger essential than any of us might think. Without money, we will not survive in a capitalist driven world like what we live in today. So gambling can be one of those get-rich-quick schemes that gets a lot of notice, but what really gets you going in this industry is how long you can stay level-headed be it in a winstreak or a loss. If you can keep your cool and be able to stick to your plan, you'd be earning lots and lots in gambling. |
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1242
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Bitcoin / Bitcoin Discussion / Re: I can't wait until I can pay using bitcoin at the supermarket
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on: October 25, 2020, 11:36:17 PM
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The only way this scenario could become true for bitcoin is through lightning network because no one is going to pay a 3-5$ fee every time they buy something. The way i see this going down is some kind of big company creates a special token/coin to be used for this type of micro transactions(payments at supermarkets, local stores, coffee shops and others like that).
pretty much true. With the current state of transaction fees, adopting bitcoin as a form of payment will be really hard for small business which is basically the first entities to dictate a change in the business world. Without the lightning network's promise, we won't accept bitcoin as a payment because it will just become to unbearable in the case of taxes and fees. |
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1243
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Bitcoin / Bitcoin Discussion / Re: Which is more important bitcoin or fiat?
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on: October 25, 2020, 10:37:41 PM
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It all depends on which country you live in, whether bitcoin is legal as a means of buying and selling transactions available in all stores and others as a means of payment and 100% I would choose bitcoin.
the problem is in the country where I live, bitcoin is still illegal and I have to convert bitcoin to fiat to use any transaction or purchase, and but I prefer bitcoin as an investment or asset that promises big profits that can change my life better especially in the field finance.
and even though in the country where i live bitcoin is still illegal but i can still use it and that is the luckiest thing for me.
They both work in harmony on most countries. Especially those that are technologically capable. That's not to say that third world countries don't benefit from them. As of now, fiat seems to be the most valuable over the two, but in the near future, I expect this to shift in full 360 especially with the continuous drop in fiat value. |
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1244
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Bitcoin / Bitcoin Discussion / Re: Are people giving up on Bitcoin too quickly?
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on: October 25, 2020, 10:04:35 PM
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Disregarding the technical development of bitcoin means you don't know how does it work. Obviously, these people are those who didn't trust the bitcoin at first and don't even use it. Their arguments about the future of cryptocurrency aren't considered valid talk if they aren't supporting or using it.
There are plenty of crypto users who gave up on bitcoin when a price drop occurs but instantly came back after the price hike.
I hope it serves as an ideology to them that cryptocurrency has a good future.
Sadly, this is the case for most of these people who dump their coins. Without knowing the basics, these people only know of bitcoin as a get rich quick scheme which is really not the case. Proper education and doing your own research beats most FUDs really. But if they don't have enough time or knowledge to kepp on hodling bitcoins when it's at a bear market, we can safely assume that they don't have the time or knowledge to do the aforementioned things. |
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1245
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Alternate cryptocurrencies / Altcoin Discussion / Re: Why more people Trad to this 3curency USDT BTC ETH?
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on: October 24, 2020, 09:29:13 PM
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Bitcoin is the base currency in the space and everyone wants to have it,
We don't have a based cryptocurrency not even bitcoin and that's what the value of decentralization is, everyone is free in doing everything with their money, if they prefer using btc,usd or eth that's not our problem anymore. What will matter is our understanding on these currencies, bitcoin as the most respected crypto of all time is definitely getting a high trading volume then ethereum as it is called the queen of cryptos/altcoin and then the USDT because it is a globally used currency Ethereum is most successful Alltcoins and has the strongest Dapps on it, so most of these tokens trade against it, and when you want to enter into take profit but do not want to get back into Fiat, you go for USDT.
But to be honest, I see ethereum as a potential next big thing in crypto given its many use cases than bitcoin. |
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1246
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Alternate cryptocurrencies / Altcoin Discussion / Re: This will make any positive impact in crypto space?
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on: October 24, 2020, 08:52:24 PM
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Cryptocurrencies is under the digital currencies, it says there that they will pilot a digital currency to make transaction faster and safer than the conventional currency that they are using. Are there effects in cryptos? It's kinda vague to answer this question since they did not mention any use of crypto or even a small influence to have a crypto. The good side that I can think of it is that people will be more engage in online/digital money which may result to strike their interest into cryptocurrencies.
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1247
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Economy / Economics / Re: China is looking to get rid of the US dollar
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on: October 24, 2020, 08:30:56 PM
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I don't think the US dollar will survive in the very next few decades.
Despite the decline in the price of dollar, I still can't see any currency that has the best shot in replacing it, even Yuan currency. Or maybe I am wrong, still the universal currency is dollar, everything has its counter currency in dollar which you can already conclude that the dollar may loses its value but not its stand as a currency. Lots of things are going to happen, and one of them is world being more global.
I just can't understand or interpret this "World being more Global" , can you elaborate this ? |
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1248
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Bitcoin / Bitcoin Discussion / Re: Will you buy BTC from PayPal now that they are letting people do it?
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on: October 24, 2020, 07:37:45 PM
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Maybe, if bitcoin's price on Paypal was reasonable or too close compared to the exchanges' price, and some bitcoin users will probably use it rather than buying peer-to-peer. Of course, many people prefer a safer transaction, so I think even if the fee on Paypal is too high, many will use it to buy bitcoin. I answer maybe because I was already using a platform that can easily buy and sell bitcoin with our country's currency, but if I don't know this, I would probably use Paypal to buy bitcoin.
I don't see paypal coming too less for the price of bitcoin entering a so late competition among exchanges. If Paypal would open things like this there will be an edge for sure, they won't getting into a 'war' versus exchange offering services that is alike without having this advantage in the first place. But personally knowing that there is already reputable services that I can get in different platform, I won't bother myself buying bitcoin or any currency in Paypal, Perhaps I'll just try it for the sake of its trend  |
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1249
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Economy / Gambling discussion / Re: Online Gambling could be used to pay for covid problems
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on: October 24, 2020, 06:05:04 PM
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I think that the physical casinos have gained the much. And online maybe as well to. Depending if they were allowed to open. The sportbooks had the worst time probably, but I do not know the marks from that.
Most sportbooks these days have sports and a casino, to offer enough. And in a few months, maybe everything is back to normal and then they will come out even stronger and bigger as before.
For the physical casinos that's another issue to discuss if government will allow to operate. Government is finding ways to regain its economy because of this pandemic no revenue no gains. Their finding ways in which they could acquire tax to sustain the economy problem. So for sure that’s a lot of things to discuss by the government if allowing to operate obline gambling. As far as I know governments are slowly reopening the economy, and this includes the casinos and restaurants that contribute a lot of tax for them to work. The only problem that I think is will be coming from the player since there are people who are asymptomatic, perhaps they didn't know yet they enter to a casino and infected others. This gives the online gambling so much light to most of gamblers out there. |
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1250
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Bitcoin / Bitcoin Discussion / Re: Paxos will be holding your PayPal's Bitcoin
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on: October 23, 2020, 11:58:25 PM
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PayPal & Paxos Bring Crypto to Millions of Users
I am very excited to announce that Paxos is powering PayPal’s new service enabling its US users to buy, hold and sell cryptocurrency directly from their PayPal digital wallet. This news includes many firsts and has huge implications for the PayPal community, the crypto industry and, of course, Paxos.
For the PayPal community, today is the first time its users can purchase crypto assets directly from PayPal. PayPal is introducing the ability for its users to buy, hold and sell Bitcoin, Ethereum, Bitcoin Cash and Litecoin. To start, PayPal is offering this service to its US customers, then plans to add more geographies and features over time. https://www.paxos.com/paypal-paxos-bring-crypto-to-millions-of-users/?utm_medium=email&_hsmi=98015516&utm_content=98015516So, after all, PayPal Bitcoin service will just be an integration with an exchange. Your coins will be in Paxos. I didn't know about that. PayPal is taking some risks here, especially its reputation is on the line. Exchanges can be hacked. Exchanges are sometimes shady. I don`t trust any of them my bitcoins, and now I see that I wouldn't trust PayPal as well. So, holding bitcoin in PayPal you are literally holding in Paxos. Paypal had been a refutable source, and if this comes to worst, we all have someone to blame a d to hold accountable for unlike most exchanges on the market that are lead by a team of anonymous people. So I don't see anything bad about this honestly speaking. Might as well support it as Elon Musk had been vocal in aupporting bitcoin and cryptocurrencies. |
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1251
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Bitcoin / Bitcoin Discussion / Re: Your keys, your bitcoin?
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on: October 23, 2020, 11:31:12 PM
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The chances of this happening (two people having same private key) is very low. The purpose of the other party having access to the key is to steal coins. You can't trace that except it's an empty wallet.
What the court advised in the article is about keeping your coins in where you can control them and not be like the guy that sued Coinbase and lost the case because he left his coin there. He learned the hard way.
Not so sure why there shod be so much debate as to what it really means. It just means to be responsible for your own stuff and don't blame others for your mistakes. Delving too much in not your keys, not yours logic would only mean certain chaos as this promotes thievery in the community. So if I found your keys, then you are in no way responsible of holding them back against me |
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1252
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Bitcoin / Bitcoin Discussion / Re: Why criminals still use Bitcoin?
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on: October 23, 2020, 09:56:14 PM
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The popularity of bitcoin is gaining first places not only among large companies and ordinary investors, Bitcoin also remains the most preferred coin among criminals. Prosecutors Zia Farooqi and Jesse Brooks talk about it in their podcastAs it turns out, even though there are anonymous cryptocurrencies, criminals will still need to buy bitcoins to withdraw them into fiat money. “You can buy a Tesla with Bitcoin. You can buy Subway with Bitcoin. You can’t buy them with those other coins that no one has heard of, and so as they still chain-hop to obfuscate, at the end of the day, they need to get this into fiat currency,” said Faruqui, adding that this is the “choke point where law enforcement will come in.” And since all transactions are very easy to track, there are good opportunities for law enforcement to catch criminals with Chainalysis. https://decrypt.co/45715/why-cybercriminals-terrorists-keep-using-bitcoin the fact that it's decentralized makes tracking these transactions hard, if not impossible. That's the biggest reason why criminals use bitcoin for in and out interactions. Another would be the fact that it also offers profitability which is a bit unimportant I guess for them but they still do it nonetheless. |
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1253
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Bitcoin / Bitcoin Discussion / Re: Slow adoption and decentralized nature of bitcoin
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on: October 23, 2020, 09:37:10 PM
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This post was inspired by tweetstorm https://twitter.com/Beautyon_/status/1179057801706065920The author of the tweet argues that in order to use bitcoin, people should not be required to know or comprehend theories and technologies on which bitcoin is standing. He claims that for bitcoin to be successfully adopted, it needs to be simplified to such extent when people don't bother to know how it works, why it works, what purposes it was created for, etc. At first glance, it seems reasonable to make bitcoin more simple, user interfaces more convenient, the cost of onboarding onto bitcoin a bit lower. Undoubtedly, it all will lead to a faster adoption of bitcoin. But. Bitcoin is digital money. Unlike iPhone or SmartTV (examples from the tweet), it needs to have certain characteristics to be considered so. More importantly, not only does it need to have certain characteristics, these characteristics should be continuously sustained by participants of the network. The more decentralized the network, the easier to keep it robust and valuable. If it were centralized, it woudn't be robust and valuable, it would be shut down already. Decentralization is the key factor. Now imagine the situation in which bitcoin is being adopted only by uneducated who have no idea how bitcoin works, who don't think too much about decentralization and necessity of sustainability of characteristics, they don't even know why they are using bitcoin instead of fiat! If they don't know what full node is, they will not bother to run one. Decentralization is gone. Bitcoin is gone or less valuable due to decrease of decentralization. Faster adoption is bitcoin's demise. What should we do? Should we learn bitcoin or not? Should we promote simplicity and avoid complexity? Can bitcoin continue to exist if majority of people don't want to be taught about importance of bitcoin and ideas behind it? This is an interesting piece. There's a saying that says 'when the purpose of a thing is not known, abuse is inevitable'. If people didn't care to learn or understand what bitcoin is all about, it will become abused in no time. Everyone needs to understand that what makes bitcoin what it is, the major ones which are decentralization, anonymity and transparency. So to answer your questions? 1. Yes, we should learn bitcoin. Anyone who would count as a user of bitcoin should take time to learn what is what. 2. As much as simplicity should be promoted, it should be done in a way that doesn't neglect the core factors of bitcoin. We should find a way to strike a balance between the two. 3. Yes, I believe bitcoin will exist. It has been existing for more than a decade now with only a tiny percentage of world's population aware of it. So I do not think it will be affected by majority learning or not. A technological piece like bitciin is bound to birth curiosity among the people who use it whether the creator intended them to or not. So this is utterly useless. We can simply explain it in bite-sized chunks to people but over time, they'll crave for more knowledge about bitcoin as they believe it will cause them great gains, or would allow them to gather more bitcoins in the long run. |
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1254
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Economy / Gambling discussion / Re: Towards another gambling site.
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on: October 23, 2020, 08:53:34 PM
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It looks like the double-tap method pays off in the game "Roulette".
I did and the results were amazing. The game can not be forgotten.
Example: tricks and methods in the game 'Roulette'.
1. Install: x2 = $5
And
2. lnstall: x14 = $5
I did the trick of two bets at once x2 & x14, the result stopped at the x14 position.
Yes, indeed three x 'luck' I put in paid $ 210, at position x14 was amazing, the game was fun, I just wasted $ 15 on the x2 bet and the game stopped at round x14.
Indeed today is lucky for me.
Thanks for all your advice and brilliant ideas, it looks like this thread is getting a lot of information about the game 'Roulette'.
Regards.
Still none of this will work if the gambling site is a scam. Might as well do your own research before jumping from a betting site to another to minimize losses. Get into a new site that is provably fair at the very least so you can ensure that nobody's playing tricks on you. That way you can gamble without blaming your losses to the site. |
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1255
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Bitcoin / Bitcoin Discussion / Re: Darkside Hackers donating Bitcoins
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on: October 22, 2020, 10:54:29 PM
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....They are acting like modern day crypto Robin Hood sending 0.88 BTC to both of the charities.
It looks like the hackers are only trolling or looking for fame. Although 0.88 BTC [$10,000] is a big amount to most, it's nothing to how much they have extorted from companies they attacked. They could have used a mixer too and not announce that they sent it to a charitable organization if they were serious. A donation is still a donation imo, whether it be for the purpose of fame or fun. Let's be real, how many politicians actually donate out of the kindness of their hearts right? That's why it's probably stupid to judge a donation based on what the motives are, a donation is still a donation imo, which can still prove to be helpful for those that are in need. Wut? You must have seen too many movies of guys robbing banks while killing people and giving a portion of the money to the innocent poor and thought it was cool hehe. I can't think of other reasons why you'd see the act as "helpful" even though you knew it was stolen and someone else has to suffer or already suffering because of the "donor". They don't get a pass just because dirty politicians are also doing it for fame. Vigilante justice is never needed and unnecessary but is definitely appreciated. There are certain instances where violence will be the last resort. Nevertheless, if it's from bitcoin where a lot of innocent people trade, I'm not so sure this can be justified as you're basically stealing from a poor to give it to another poor. |
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1256
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Bitcoin / Bitcoin Discussion / Re: More than 50% of bitcoins from Twitter hack have been sent through mixers
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on: October 22, 2020, 10:31:53 PM
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Not surprising.
The use of coinjoin/mixing services is the new getaway for hackers since centralized exchanges are more regulated now and often asks KYC. They've been using it more and more since 2019 as shown in the study made by Chainalysis
I wouldn't be surprised also if we see another round of posts/articles accusing mixers/coinjoin services of aiding money laundering.
I believe Chipmixer, being centralized, is also capable of blocking those btc's if they wanted to but that would put a huge dent on their reputation.
Not the best example of using mixers for mass adoption, but indicative. I was also surprised that they decided to withdraw part of the BTC in a different way. Another interesting point is that they decided to use two withdrawal routes. Maybe they were afraid to risk putting everything through the chip mixer? Or they wanted to test all possible options. In any case, this is a good test of mixer efficiency. Probably the first speculation you gave. They wouldn't do that if they weren't aware of what's coming at them. And these mixers honestly wouldn't really mind where the people got their coins as long as it means profit to them. so they wouldn't lock it. They'd probably give a statement or two, but that's about the end of it perhaps. |
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1257
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Bitcoin / Bitcoin Discussion / Re: Jamie Dimon's ( "Bitcon is a scam") Bank -JP Morgan Chase- Fined 1 Billion
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on: October 22, 2020, 09:54:07 PM
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This has been long going on, probably why bitcoin was made in the first place. To combat these banking institutions that are stealing money away from their customers and once and for all put the power back to where it matters most. What's sad is the fact that the fines were never gonna be put to the victimized customers again and would instead be transferred to the pockets of the yet another corrupt institution. |
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1258
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Economy / Gambling discussion / Re: Lost more in the process to recover ?
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on: October 22, 2020, 09:16:40 PM
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I've experienced it before but luckily I've managed to recover my losses and gain more I think it's still a matter of luck I've seen that many users here tried their luck but unfortunately some of them didn't manage to recover it. It can be risky but if you take risk maybe the outcome would be great.
well, I think it is a little difficult to be able to recover losses that have occurred at a gambling place because if you try to play again in the hope that you can win and can get the capital that was lost before it will not be able to guarantee that the capital you use will return. , it is better to give up at the gambling place because when you do this you should already understand that the risk is the loss of all assets used at the gambling place. Losing a gamble is indeed going to put a lot more mental stress to you than let's say losing at a videogame or an argument. But what worked for me best is to just play 3 games of it. and assess the earnings I received within those 3 games. If I get more winnings, I can still go on to play a bit more, but if I lose, I immediately stop as it's going to put a lot of stress on me if I continue losing that winning won't even feel like winning anymore. |
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1259
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Bitcoin / Bitcoin Discussion / Re: Is DeFi benefiting Bitcoin?
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on: October 21, 2020, 11:13:45 PM
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A lot of scam shit projects are being developed in DeFi function and also more coming continuously. Firstly i saw a few project was promising when this hype was starting even though those was huge successful and listed on the big exchanges. A several days ago i saw a list where 10-12 DeFi scam project. Now it’s too risky investment for mostly DeFi project.
This is true. If anything, it is DeFi that is benefitting from bitcoin's popularity and promises. No return was being made on bitcoin's part. It can even become bad for the crypto if the coin was a sham and rugpulled as the outside world will always generalize everything. So no, Bitcoin is not benefitting from the existence of these DeFi projects. |
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1260
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Bitcoin / Bitcoin Discussion / Re: Covid-19 and Bitcoin
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on: October 21, 2020, 10:24:08 PM
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Covid-19 pandemic does take an important role in the development of blockchain. While the government enacts social distance to stop the spread of coronavirus, people can't sit back and relax, they need livelihood to feed their family and that's the reason why Bitcoin is noticed more in this pandemic. They start investing and everything is paying online by Bitcoin which avoids close contact with other people. It's really convenient because you don't need to go anywhere, you can do at home and get paid. Without any doubt that Bitcoin initiated people from investing and using Bitcoin more frequently.
I'm not seeing the correlation honestly. If anything, the COVID-19 pandemic should've whittled bitcoin's price right now. Not that I want it to happen, but if you take into consideration all the factors, it would make sense if the price crashed. Nevertheless, still happy that bitcoin is at a safe spot right now. But no, this increase is not caused by the pandemic. |
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