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Showing 20 of 80 results by bullbandit9
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Topic
Board Gambling discussion
Re: Let's talk about companionship.
by
bullbandit9
on 16/07/2025, 03:03:29 UTC
A good friend will try to help you control your emotions. If you have a really big and lucky win you may want to try to double or triple it, risking good money because of greed. You're most likely going to lose it. A good friend would try to stop you and a good friend would succeed, otherwise the friendship sucks. With online casinos you don't have this. Sure you can chat with other people and your friends at the same time, but this interaction is on a much lower level and has less influence on you. Online casinos make it easier to become addicted and it makes it easier to lose your money faster.
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Topic
Board Speculation (Altcoins)
Re: [HYPE] Hyperliquid Speculation
by
bullbandit9
on 16/07/2025, 02:52:41 UTC
So it looks like some VC's banded together, pooled some money and bought into a company that's listed in the Nasdaq and took it over for one sole purpose...  To buy HYPE for their treasury and hold it ala Strategy and Bitcoin.  Cheesy Cheesy

And mind you, the company they took over is a dead company from 20 years ago with a stock that's been going down only since listing...  The stock is up more than 10x since becoming a HYPE holder.  Lmao!
Why did they need to buy a company that is listed on NASDAQ for this? Anyhow, HYPE performance has been consistently good much better than most new L1s that are selling the same old.

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Topic
Board Economics
Re: Wars Are Getting Cheaper (and What That Means for The Economy)
by
bullbandit9
on 03/07/2025, 16:35:08 UTC
$500 drones are low end. High end drones can cost in excess of $1 million.
$1 mil? Try hundreds of millions of dollars!

Of course it depends on who manufactures them. Arms dealers in the West produce extremely expensive stuff. For example the Northrop Grumman's US military drone RQ-4C that Iran shot down with single $1k surface-to-air missile back in 2019 cost over $220 million.

Now the same family of drone (high-altitude remotely-piloted surveillance aircraft) like Shahed-147 manufactured by Iran or Shahed-149 (which is also a combat aerial vehicle) barely cost $200k per unit! That is a 1000x price difference. Grin
Good examples, but those prices are probably a scam. You know the government doesn't care since it is not spending its own money, and they get different kind of kickbacks. The drone is probably really costs than $1M and that is being generous for the sake of the argument. Still the short term future is gonna be in methods and technologies for disrupting the drones. 
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Board Bitcoin Discussion
Re: Bitcoin Reaction to Economic Effect.
by
bullbandit9
on 03/07/2025, 15:02:17 UTC
Bitcoin got a shock, breaking below the price of $100k, due to the involvement of the United States in the ongoing Israel and Iran war. Since this war before the involvement of US, the price has not gotten to the highs of $109k, rather has been around the $107k - $108k, but this time has gone above reaching $109k plus.
The price decreasing from $108k to $100k is not a shock. It is normal market behavior.

I think Bitcoin is already immune to bad news that usually affects the economy.
"Immune" is not the word I would use, but yeah, people no longer panic as they used to with Bitcoin. If it was 5-6 years ago that a war broke out between Iran and Israel and the US got involved and forced Iran to retaliate on a US military base in the Middle East, Bitcoin would have plummeted, but this time it didn't do that, but to say it is immune is false. Bitcoin dipped when Trump tariff issues were at their peak, and the stock market turned red, so that means it's not immune.
You can consider it close to immune. There was a time where China banning Bitcoin every few days crashed the price. These days, even a risky war barely makes it move downwards a bit.
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Board Gambling discussion
Re: Underground Gambling
by
bullbandit9
on 03/07/2025, 13:34:43 UTC
it is cheaper to just put all the blame to gambling as an activity itself and not try to help the addicts and build a more sustainable gambling industry that would give them profit and help their economy without ruining the wellness of their citizens but if the government is corrupt expect nothing from them
For addicts it is hard because many refuse help. You can't really forcefully help those that don't want your help in most cases. In any way, helping addicts on a mass scale is impossible. The best would be limiting the availability of things that are addictive.

some politicians even use underground gambling to launder their polluted money
That doesn't make much sense, you can't launder corrupt money in an underground establishment that is illegal. Money laundering requires a legal establishment with which one can legalize money from illegal activities.
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Topic
Board Economics
Re: Wars Are Getting Cheaper (and What That Means for The Economy)
by
bullbandit9
on 03/07/2025, 12:59:41 UTC
War has become cheap. A drone that costs $500 can kill a $5 million tank. This means that a fight can be started by anyone (not necessarily governments). Easy to start, hard to stop. Anyone can now play the game but the game is dangerous. Private military is a business. Some companies now fight wars for money, just like Uber but with soldiers. Even countries "hire" them. Bitcoin or other coins are used to pay weapons and services. It is quick, difficult to track, and does not require banks
I don't think this will last forever. We just live in times where an unexpected advance in military technology has kind of shocked the landscape. They just need to redesign existing systems to better resist small drones, and create better counter measures.

All this fighting is costing the world almost $20 trillion a year. This translates to fewer money on employment, health, and food. Prices can go up because logistic have to avoid dangerous areas. Tech prices can soar and factories can close when large supply chains are disrupted (if there is war in Taiwan, or the mines in Africa are blocked). With war everywhere, shipping is costly, insurance is increased and basic commodities (such as food or phones) may be more expensive
All money that is spend on the military is a waste.
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Board Altcoin Discussion
Re: Will people continue to use crypto if outlawed?
by
bullbandit9
on 03/07/2025, 12:57:23 UTC
But this is one of the best parts of crypto that it cannot be blocked, frozen and controlled by anyone I think if they were outlawed there would still be people using them
Incorrect. That is only true for Bitcoin and a few altcoins, for most of crypto the opposite is true. Most tokens including stablecoins can be frozen at any time by the token issuer.

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Topic
Board Gambling discussion
Re: Are we trying to outsmart luck?
by
bullbandit9
on 03/07/2025, 12:56:28 UTC
One clear reality of gambling is that there is definitely loss in gambling, there will always be loss in gambling, one can never ignore it, but one sad thing is that many gamblers want to ignore this loss completely, they never want to lose or never want to accept any loss. They only want to achieve victory, which is completely impossible in reality. In short, you have to have the right sense of knowledge, if you only want to win and win through gambling, it will never come into reality. Because there will always be loss, so you have to have the mentality of accepting this loss, and if you cannot accept loss, then it is better that, that gambler shoud completely refrain from gambling.
It is very difficult when people or Players do not Understand this and the results are disastrous because they lose money, it is like going against the current we must Accept the designs of the game , know the advantage of the house and see that things are very different when we are in the casino, we must be very intelligent and know or be very clear about our probabilities, otherwise we will lose a lot of money.
Understanding the house edge is not enough. Online casinos often have much lower house edge, but because playing is so fast and easy people lose their money faster even with smaller house edge. It does help to know it and compare between different casinos to pick a better one, but overall it is not enough. Managing your bankroll is crucial here. If you create an allowance that you never cross, then you can't create issues for yourself no matter what happens.
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Board Bitcoin Discussion
Re: Thailand being crypto friendly country
by
bullbandit9
on 20/06/2025, 12:03:38 UTC
Thailand now is making a move allowing tax exemption for gains in crypto, this will boost crypto in their country, but with the exemption should only valid if the gains are done on  exchange approve by their government.
They also have plans to allow tourist to spend using crypto, this is very exciting as some people want to use crypto as payment.
What can you say about this move of Thailand?

Here is the link of the news:
https://cointelegraph.com/news/thailand-tax-exemption-crypto-income-five-years
This is fantastic news. While some may be dismissive about the part that requires an exchange to be approved by the government, the rule has complete sense. More countries should follow suit, and encourage the use of crypto. Their economies would benefit from it. I wasn't expecting such a positive announcement.

Be that as it may, I don't think that their tourism will profit too much from that, because once there was also a crypto island Boracay (Philippines), but tourists simply did not show interest in paying with Bitcoin and in the end that small company that provided payment intermediary services closed down.

The percentage of people who are willing to pay for goods and services with cryptocurrencies is, in my opinion, less than 10%.
That is the thing with crypto, even if we say that country like Philippines which is friendly and a tourist spot because of the beautiful beaches in Boracay, still it's not much adopted there. I still remember one bar that used to accept Bitcoin, and probably it closes too. In any case, this is a welcoming news from us and hopefully this time, Thailand government is going to be open on accepting Bitcoin and all other cryptocurrencies. The world is shaping specially Asian countries and they fully understand that crypto will be a game changing that's why almost all of the neighboring countries are giving it a try.
The local people have to push towards adoption where they live. Most of these places won't onboard themselves. They need help and pushing and the other hand promotion so that is it known that they accept crypto. If they accept it but no tourist knows about it, nobody is going to use it. It costs an additional $0 per month to accept crypto.
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Board Altcoin Discussion
Re: Stablecoins will become the next CBDCs
by
bullbandit9
on 20/06/2025, 11:58:01 UTC
Stablecoins are interesting, a useful way to get out in profit at the end of trading, the only big flaw is that they can be blocked, frozen
Every single major token on altcoin networks can be blocked and frozen too. Instead of seeing this as a red flag for stablecoins, it should be seen as a red flag for these so called decentralized blockchains.

I agree that stablecoins will be the next big thing. The US & Bessent in particular are very bullish on them, he said that they strengthen the dominance of the dollar which is true because USDT & USDC are pegged to the US Dollar. I still think that the EU will try to bring out a CBDC though, they are so controlling, like communists.
Yes the EU is turning into a totalitarian commie shithole. Only leftist idiots that are afraid of reality are still dismissing it.
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Board Bitcoin Discussion
Re: Who burns more than 18BTC to 1FuckiRGCTerroristsNoBiTEXXXaAovLX and why?
by
bullbandit9
on 19/06/2025, 13:59:29 UTC
These threads and questions are stupid in my opinion. You as in the OP and everyone in this thread has burned money on useless shit in your life many times. If you can waste $20, why would someone not waste $2M? Wealth is relative, $20 for you can be the same as $2m for someone.

It is likely an address that has no private key.
From my research, upon generation, the private keys are also generated as well. The output of generating it comes in this format
Code:
Address: 1FuckiRGCTerroristsNoBiTEXXXaAovLX
Privkey:5Jqj56ghGgUTO0xFQKxD3FzLxVKq6xkDSpRSNFqAyTYPONH45fg

It acts like a normal BTC address and the funds in it are accessible with the private keys.

But it's still possible the above address was not generated at all. Probably it was just crafted intentionally by a person without generating a private key for it, which would make it a burn address.


although I could be wrong.
It was a hack and the Israeli hackers choose to burn the funds moved from Iran owned Nobitex exchange. Not a sort of an individual protest.
I just read it on this site, thanks for the information, although I don't really understand the context or where you got the private key thing you shared in your message because it doesn't make sense to me that that address has a known private key, the probabilities are extremely low, plus it seems to be an invalid WiF.
The chance of this address having a generated private key is 0. The vanity address is too long.
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Board Economics
Re: China talks up digital yuan in push for multi-polar currency system
by
bullbandit9
on 19/06/2025, 13:54:46 UTC
Or China wants its CBDC called digital Yuan to expand? I am not asking.

You can read the news from here: https://www.reuters.com/markets/currencies/chinas-central-bank-says-promote-digital-yuan-multi-polar-currency-system-2025-06-18/

China will prefer to against all the Western currencies not to dominate and the country will only be the one to rip the fruit most because they are planing for what can make Yuan dominant but with what I am seeing, they are only deceiving themselves but I do not know what will happen in the future.
They are not deceiving themselves. Currently the world is too dependent on the US dollar and Euro, and because of that they abuse their powers. To create a world in which more major currencies compete against each other will lead to an improvement in this situation. Imagine this scenario, there are 10 currencies that each have 9% and the rest of the market share is shared by all other currencies. When there is so much competition it is a huge risk to abuse your power as you will erode your market share quickly because everyone has better and many alternatives to choose from. A digital Yuan will help them move towards this goal, and they have to do it in any case or they will be left behind.

That said, people have a generally world view of CBDCs. They do not compete with Bitcoin, they compete between the existing fiat currencies. So the Yuan CBDC would compete with other CDBD like the Euro one. Alternatively said this just increases the competition against fiat currencies, that is it.
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Board Gambling discussion
Re: The Paradox of the Addicted Gambler
by
bullbandit9
on 19/06/2025, 13:25:17 UTC
If someone has already accepted their gambling addiction and managed to stop gambling, it is synonymous with willpower.

But the paradox is that if you have the strength and conviction to stop gambling, anyone could come to the conclusion: "Why not just control it and that's it, without needing to quit gambling completely?".

Which brings us to this questions:

Is it harder to control gambling or limit it without falling into excess than to stop gambling forever?

Why is the effective strategy not moderation but absolute abstinence?
There is no paradox here. This is a medical situation of someone who is sick. One problem with addicts in recovery is that they have the trouble of accepting that they have ruined this activity for themselves for the rest of their life.It is the same for drinking, doing drugs, gambling and other addictions. Once you get addicted, if you want to quit you must quit for the rest of your life. You can never leisurely enjoy it again. It is your fault for putting yourself into this position, and now you must accept the consequences of your actions.

An ex-addict can never control himself with his previous addiction.
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Topic
Board Gambling discussion
Re: Are we trying to outsmart luck?
by
bullbandit9
on 19/06/2025, 12:38:31 UTC
If you're confident you'll win in gambling… then why are you playing a game of luck?

Have we ever stopped to think that even though we know it's luck-based, we're still out here trying to build strategies to win consistently? Isn't that kind of pointless?

It’s like we’re fooling ourselves, trying to fish on the road, when we already know there’s no fish there.
Luck is not a thing, what normal people refer to luck is just beneficial statistical outcomes. You can't outsmart something that isn't alive. Most things in gambling have strategies that can be employed to improve your odds. Improving your odds is not trying to outsmart luck, it is giving some steroids to your luck. Learn the difference.
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Board Altcoin Discussion
Re: Stablecoins will become the next CBDCs
by
bullbandit9
on 19/06/2025, 12:35:07 UTC
Why would US, or any region give all this trust and power to some 3rd party private company? They would basically give keys to break the financial system, or keep US as a hostage and making them vulnerable in time of crisis.
It is never going to happen. There are two types of concerns that people generally have, and one is a group that contains things like this. It sounds like a valid concern, but it is not. Nobody is going to allow any corporation to become that strong.

And banks partnering with Ripple doesn't mean anything. What are those partnerships exactly? Pilot programs? Institutions are constantly making all sorts of partnerships that are testing different systems. That doesn't mean they would lead to anything meaningful.
Firstly, it is just private companies partnering with other private companies. It does not mean that much. Second, I agree with you that most of these partnerships are empty marketing ideas that eventually lead to nowhere.

You are talking about blockchain proving to be superior, and SWIFT being obsolete, when it's clearly working 24/7, and you don't back up your claims with anything other then blockchain tech might be hard to scale (which is opposite of better). Blockchain is just a distributed ledger, and tech used to do it can vary a lot and it doesn't really make sense to call any of them superior, because they are not even comparable to existing tech. I can't see any way how that any of them are somehow "better" to adopt.
SWIFT is terrible and slow, but the reason that they keep it how it is is because they have complete control over it.
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Board Bitcoin Discussion
Re: Great news: big corporations aren't ready for BTC yet
by
bullbandit9
on 18/06/2025, 23:56:06 UTC
Most still fear BTC as something not as stable as what's already on the table, but this narrative changes, and I am all for it Cool
Nothing is stable, and irrational fear is not something that we should cater to. Besides, something that has upward price movement can never be considered stable.

Most large companies listed on a US stock exchange (NYSE or Nasdaq) are subject to reporting requirements with the SEC under the Exchange Act. That means they can't buy bitcoins on their own or secretly without permission or without reporting it to the SEC. Even if they silently buy BTC through OTC, they still need to report it in their quarterly financial reports. They can't hide them because it's the law.

Also, large corporations are managed by a board of directors, which means that the consent of major shareholders is required and they always want everything to be public because this involves legal risks.
Thank you for the explanation that clarifies the decision-making process of these giant companies. I can also see your explanation answers the question at hand: why these companies have not yet joined the Bitcoin accumulation race, in which countries are now competing, as are smaller companies that have developed and are working on a plan to accumulate as much Bitcoin as possible. Although these companies are private investments, decisions are subject to a somewhat decentralized system, with decision-making being distributed across several boards and subject to strict legal regulations.
They move slow. Where many people are involved in the decision making process, it is always much worse as there will be individuals who think that they are very smart but in fact they are dumb dinosaurs. As these people die and generations keep changing, Bitcoin is going to win. All it takes is for 1 big corporation to adopt it, and the others will start fighting to do the same. Time is on our side.
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Board Altcoin Discussion
Re: Will people continue to use crypto if outlawed?
by
bullbandit9
on 18/06/2025, 20:05:07 UTC
Come to think that Bitcoin or crypto as a whole did become that popular just because it do totally oppose decentralization and if ever that becomes outlawed then it do really serves its purpose not unless or excluding into those projects or coins which are totally centralized then it would be that excluded. Do people do continue to make use of it? Of course it would be and because of decentralized aspect or benefit then we do have that freedom and since its mostly anonymous then there's no way that government could easily tracked it out.
You can't ban decentralization, that's the whole point of decentralization. What it will do is just push people to develop better solutions for accessing these things and having anonymity. It will have a negative impact on the market price for sure, but it will never be able to prevent people using it. Even with a blanket ban there would be millions of people who will continue to use it.

As much as you can before it will cause what Abiky described  Wink If there were cases like he described, you would think about your skin, not freedom.
Highly developed humans think about things like freedom under any conditions, lowly developed humans think about the next meal at McDonalds.  Smiley Plenty of people used Bitcoin when it was still illegal in their country, nothing is going to change about this.

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Board Altcoin Discussion
Re: Will people continue to use crypto if outlawed?
by
bullbandit9
on 18/06/2025, 19:35:22 UTC
For sure 100% people are still gonna be using it though in smaller scale. It's undeniable that majority of usage is always for investment though bitcoin is also good for payment.
If government somehow out of the blue announce to outlaw BTC, people will sell it and price plummets, but guess what, it won't be completely dead, I'd even say it's still gonna be frequently used, the blockchain would still have many transactions.

The biggest downside is just the price going down. But that's about it, we're used to bitcoin at sub 1k anyway. However, there's really slim chance bitcoin gonna be outlawed.
But is it really worth the risk? I mean, most people would be afraid of getting caught by the government. They could either face fines, jail time, or worse-case scenario, death. With market prices going all the way down the drain in an instant, almost no one would use BTC or altcoins. It's has always been about the money.
Why would it not be? People take stupid risks for all sorts of useless or even personally damaging behavior. Bitcoin is freedom and nothing comes even close to it. How much would you risk for freedom if not everything?

My guess is that once crypto is "banned" worldwide, BTC will lose investor appeal as a store of value. It will become a digital currency alternative to Fiat. Just like how Satoshi wanted Bitcoin to be used in the first place. At least, most governments are supporting crypto. So an outright "blanket ban" would only be a concern in the distant future. Just buy, "hodl", and forget about the rest.
This scenario is extremely unlikely because there are already too many big players involved. They won't let the government make them lose a lot of profit. Incentives are on Bitcoin's side.
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Topic
Board Speculation (Altcoins)
Re: [HYPE] Hyperliquid Speculation
by
bullbandit9
on 18/06/2025, 19:32:00 UTC
And in case you guys didn't know, the revenue from the DEX is used to buy back HYPE from the market.
This is actually good, that's how should the exchanges do with their revenue, dex or cex. That buy back means so much for its community and that means commitment on their end. A commitment that's for long term and so all of its investors and traders can share the same commitment to them.

Other projects may not be able to survive like Hyperliquid. Cheesy
That is right because all they think of is themselves first and how to take advantage of the community that they are building.
Hyperliquid existence is already very good because it has presented competition with several exchanges, but it is also a challenge for the developers behind Hyperliquid. Will it be able to survive on a longer scale or not be strong enough to face various pressures. Hyperliquid provides an on-chain order book which is an interesting option so that we are like buying at CEX. Another one where there is no gas fee for each transaction, it sounds very promising but once again it will slowly attract the attention of regulators because they do not have KYC / AML.
Precisely some unique features won't make it win the race, plus there will always be regulatory pressure for something like this. As far as I am aware, some older DEX platforms are also trying to develop on-chain order book similar to hyperliquid. They have a good advantage now but they must use it wisely.
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Topic
Board Speculation (Altcoins)
Re: [HYPE] Hyperliquid Speculation
by
bullbandit9
on 18/06/2025, 02:40:02 UTC
^  Hyperliquid devs are doing the exact opposite as those extractive devs.  Those guys should be marked and be known as extractors and they're bad for their community when those devs have a new project at hand.
Most of altcoin developers are extractive.  Cheesy

Hyperliquid's founder Jeff Yan and his co founders, Iliens and Xulian have a long term vision for the project.  It's a huge task and it could fail, but we know that Jeff Yan and co are doing all the right things for the project and their community.
While I do like how hyperliquid is developing, I would be conservative about my praises if I were you. As we have seen with crypto in the past, many so called saints turned into devils including our famous "Bitcoin Jesus". Let's observe the situation and development for a longer period of time as they build up more reputation.  Smiley