Username: Coaltin
Merit: 5

Inactive doesn't do harm but DT with malicious behaviour or reports should be.

Jacksclub username: Coaltin01
Rank:  Sr. member

Many AI-powered trading platforms and bots are designed with newcomers in mind. They often feature user-friendly interfaces, pre-set trading strategies, and automation that lowers the barriers to entry for those without deep financial knowledge. AI removes emotional bias from trading decisions, one of the leading causes of losses among inexperienced traders. AI can process and analyze large amounts of market data far faster than manual methods, allowing beginners to participate in markets more efficiently.

Bitcoin ETFs trade on major stock exchanges, making them accessible and familiar to institutions like hedge funds, pension funds, and asset managers. This bypasses technical hurdles such as custody, wallets, and navigating crypto exchanges. The regulatory approval of ETFs in the U.S. and Europe has provided much-needed clarity and compliance assurance, removing a major barrier for many large investors who were previously restricted by internal mandates or regulatory uncertainty.

Monero maintains a strong community and real-world use case but faces more external risks (regulatory, network security) than Litecoin. It’s still a viable choice for those seeking privacy and willing to accept higher volatility.

Leading Cities for Paying Rent in Bitcoin:
Miami, Florida, USA
Lisbon, Portugal
Berlin, Germany
Toronto, Ontario, Canada
Paris, France

Marketing vs. Reality.

Gambling success stories—like the legendary tale of Fred Smith, FedEx’s founder who reportedly saved his company by gambling in Las Vegas—are rare but are prominently featured in ads.

Casinos and gambling platforms regularly advertise big winners to inspire others to play, while losses and failures are downplayed or ignored, creating an unrealistic picture of gambling outcomes.

Many point out these stories serve as marketing strategies, does not representative experiences.

Setting kMasterKey.nDeriveIterations to at least 25,000 if it's lower—were introduced in Bitcoin version 0.4.0 to enforce a minimum security level in the wallet encryption process. This means any wallet.dat file created or rewritten with v0.4.0 or later will always have at least 25,000 key derivation iterations recorded inside. If the count is less, it's very likely either from an earlier version, is corrupted, or is not a legitimate file.

Privacy coins like Monero and Zcash are designed specifically to hide transaction details, including the sender, receiver, and transaction amount, using techniques such as ring signatures, stealth addresses, and zero-knowledge proofs (zk-SNARKs).

Unlike Bitcoin, where all transactions are publicly visible on the blockchain, privacy coins provide a much higher degree of anonymity, allowing users to control which financial data is shared and with whom.

What do you think:
Will fees be enough? No
Will Bitcoin need a protocol change? Maybe.


When all 21 million bitcoins have been mined—which is projected to happen around the year 2140—the process and economics of Bitcoin will fundamentally change, but the network is expected to continue operating.

What Will Change?
1. No More New Bitcoin Issuance
Miners will no longer receive new bitcoins as “block rewards” for validating and recording transactions in new blocks.

2. Miner Incentives Shift to Transaction Fees
The only compensation for miners will be transaction fees paid by users. These fees are already a minor incentive, but will become the sole revenue source for miners post-2140.

Network Security
The fear is that if transaction fees are not high enough to incentivize miners, network security could be at risk. Miners keep the Bitcoin network secure by expending computational power (hashrate), and their participation depends on adequate economic rewards.

However, Bitcoin is highly divisible (down to 100,000,000 satoshis per BTC), so even if large numbers of coins are lost over time or if demand for transaction space rises, small fee increments per transaction could be adequate to support miner operations.

Transaction Costs
Transaction fees may rise to ensure miners remain motivated. Higher competition for block space and greater adoption could drive up the value users are willing to pay for having their transactions included.

Role of Layer 2 Solutions
Technologies like the Lightning Network are expected to handle most microtransactions and low-fee payments, relieving pressure on the main blockchain and keeping Bitcoin usable for everyday purposes even with higher on-chain transaction fees.

Learning Bitcoin is inherently a multidisciplinary endeavor. To fully understand Bitcoin and its ecosystem, one needs to integrate knowledge from several different fields, including:

Technology & Computer Science: Bitcoin is built on cryptographic principles and blockchain technology. Understanding its consensus mechanisms, wallet security, mining process, and smart contracts requires a solid foundation in computing and programming.

Economics & Finance: Grasping Bitcoin’s monetary policy, scarcity, market dynamics, and its role as an alternative asset involves economic theory, supply and demand, game theory, and financial analysis.

Mathematics: Bitcoin relies on cryptography, which uses advanced mathematical algorithms for security, transaction verification, and digital signatures.

Bitcoin and other cryptocurrencies are designed to be irreversible. Once a payment is sent and confirmed, it cannot be undone by any party (including the sender, receiver, or the network itself).

Any refund must be voluntarily initiated by the recipient.

1. Unlocking Massive Productivity and Economic Growth
AI-driven automation is set to revolutionize productivity, especially in sectors like manufacturing, logistics, finance, healthcare, and education. Research estimates that fully utilizing generative AI (GAI) could unlock up to $6.6 trillion in productive capacity across just a handful of major economies, equivalent to a sizable percentage of their annual GDP.

Time saved via AI-powered tools allows workers and businesses to focus on higher-value, innovative tasks, potentially sparking a new wave of inventions and services.

2. Transformation of Labor Markets and Skills
Up to 40% of global jobs could be affected by AI, with automation replacing some tasks but complementing and enhancing others. To mitigate job displacement, reskilling and investment in new skill sets—especially creativity, critical thinking, and people skills—are essential.

Policymakers must prioritize lifelong learning and adaptive education systems. This shift includes public-private partnerships in workforce development, ensuring both youth and adults can thrive in an AI-driven economy.

AI’s rise offers unprecedented opportunities for productivity, innovation, and prosperity. Realizing this potential requires strategic investment in human capital, inclusive institutions, and proactive policies that harness AI while protecting those most vulnerable to disruption. Countries and sectors that adapt boldly and quickly are best positioned to shape—and benefit from—the next phase of economic transformation.

Dopamine rush not just from wins but from anticipation and unpredictability.

Game design features (like near-misses in slots) that trick the brain into feeling it is always “close to winning.”

False beliefs in becoming rich through gambling or being influenced by others’ wins.

Emotional factors, where gambling is used as a coping mechanism for other life issues.

1. Without Leverage:

If you only trade with your own funds ("spot trading," no margin/leverage) and don't enter into short positions or derivative contracts, there is no risk of liquidation. The value of your holdings can still decline, but you will not be forcibly closed out by an exchange.

Thus, trading without any risk of liquidation is possible, but only if you avoid leveraged products and always maintain full collateral for your positions.

2. With Leverage:

If you use leverage or borrow funds to increase the size of your trading position, there is always some level of liquidation risk. Exchanges require this mechanism to ensure they don’t lose money on traders’ behalf. Even very conservative leverage (e.g., 1.1x) still has a theoretical liquidation threshold, though it may be far from your entry and unlikely for normal market moves.

Some traders try to minimize this risk with very low leverage, careful monitoring, and tight risk management, but the risk of liquidation can never be fully removed in leveraged trading.

Main Points Raised
1. Regrets of Spent Bitcoin on Gambling:

Many participants, including the thread's OP, reflected on losing sizable amounts of Bitcoin to gambling in the early days, with some estimating losses of several coins. With today’s values, this represents large missed fortunes.

2. Enjoyment vs. Financial Regret:

While there’s regret over the lost potential wealth, some users emphasized having enjoyed the process, comparing spending on gambling to spending on other forms of entertainment. They pointed out that any money spent willingly, with full awareness of the risks, provided value at the time—even if it didn’t translate into long-term wealth.

3. The Role of Gambling in Bitcoin Adoption:

Several users argued that widespread Bitcoin gambling played a significant role in propelling Bitcoin’s early adoption. Gambling platforms were among the first to accept and circulate Bitcoin, increasing its utility and demand.

One participant noted that if gambling hadn’t been popular, Bitcoin’s rise might have been slower, and it may not have reached current heights as quickly.

If you need help with an old Blockchain.info recovery phrase template, here are some important pointers and troubleshooting steps based on reputable sources:

1. Understand the Type of Wallet and Recovery Phrase

Old Blockchain.info wallets (before their rebranding as Blockchain.com) often used non-standard recovery phrases, not always compatible with modern BIP39 wallets. Recovery phrases could be 12, 18, or 24 words, and sometimes worked differently than newer wallets.

It's crucial to know which format your recovery phrase is in, as misidentifying this can result in failed recovery attempts.

2. Common Issues with Old Recovery Phrases

The phrase might not work with modern wallets if:

The number of words doesn't match typical standards (12, 18, or 24).

The derivation path (the algorithm/path used to turn your phrase into private keys) is not BIP39-compliant, or used Blockchain.info's custom method.

Sometimes, the problem is due to spelling/order errors or using the wrong software for recovery. Always carefully check each word against a BIP39 wordlist and ensure correct order.

The main factors stopping $PI (Pi Network) from hitting $5 are a combination of limited exchange access, oversupply, lack of real-world utility, market skepticism about its tokenomics, and the need for major catalysts such as large-scale adoption or listings on major exchanges.

Key barriers:

Lack of Major Exchange Listings: PI is not yet tradable on top-tier exchanges like Binance or Coinbase. Most optimistic price projections ($3–$5 and beyond) are based on the assumption that such listings will occur and bring both liquidity and price discovery. Until then, trading remains fragmented and often at low volumes, making sharp rises unlikely.

Oversupply and Token Distribution: Huge supply from years of mining is a persistent issue. Economic fundamentals (supply vs. demand) mean that unless supply is tightly controlled or massive demand is created through utility, price increases are very difficult. Community forums actively debate this dilution effect.

Utility Is Still Unproven: While PI has a huge user base, actual adoption beyond speculative holding or tiny community transactions remains limited. Most price forecasts warn that without clear, large-scale partnerships and real-world applications, price growth will be hard to sustain.

Here’s what is known about Akbet and Ultra Panda as of August 2025:

Akbet
Type: Akbet is an online casino and gaming platform that emphasizes the use of cryptographic technology for fairness and transparency.

Payment: Akbet’s platform is optimized for cryptocurrency users, allowing quick and anonymous transactions using Bitcoin and other major cryptos.

Ultra Panda
Type: Ultra Panda is a popular real-money online casino platform—with a special emphasis on mobile access—offering a wide array of games and sweepstakes experiences.

Payment & Crypto:

Accepts deposits through various means, such as Cash App, bank transfers, and major cryptocurrencies.