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Showing 20 of 10,799 results by davis196
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Board Bitcoin Discussion
Re: Countries that still don’t like bitcoin.
by
davis196
on 09/09/2025, 10:59:16 UTC
Quote
China
Pakistan
Saudi Arabia
Tunisia
Bolivia

OP, your list has multiple countries missing. Bitcoin is also declared illegal in Morocco, Algeria, Egypt, Nepal, Bangladesh and Afghanistan.
I was surprised to see that India is one of the countries, where Bitcoin is legal. There were lots of forum posts about India having strict anti-crypto regulations years ago. Maybe the Indian government had changed it's position regarding Bitcoin and crypto in general.
I found out that Bitcoin mining is declared illegal in Kosovo. Who the hell would start mining BTC in a country like Kosovo, where most of the electricity is being imported(as far as I know)?
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Board Gambling discussion
Re: Engineers, DPWH Bulacan officials blew 300m each in casinos?
by
davis196
on 09/09/2025, 10:25:14 UTC
Just read a report that 2 DPWH Bulacan officials, one a district engineer, the other a staff, blew around P300M (or over $5 million) each in casino gambling, even using aliases. This came out in the Senate Blue Ribbon probe on ghost flood projects.

One of them, Engr. Henry Alcantara, admitted playing 2–3 times a month, while his aide Brice Hernandez bet even bigger. Aside from that, they’re also accused of forging signatures and pocketing funds.

Question is, how can gov officials gamble that big when their salary won’t even cover a fraction of it? Corruption? Loans? What do you think?


source : https://www.philstar.com/headlines/2025/09/02/2469907/dpwh-engineers-blew-over-p300-million-casinos-says-lacson

This story is yet another proof that gambling addiction is the worst mental illness ever. Committing crimes and getting involved in corruption just to waste the money on casinos. Some people would call this stupidity at it's finest, but a mental illness cannot be explained with stupidity.
Those government officials probably thought that their crimes would continue forever and their gambling addiction would finally be satisfied some day. This is complete delusion. This Alcantara guy, who admits playing "2-3 times a month" is obviously lying. I really hope that those people will get punished and sent to jail.
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Topic
Board Economics
Re: Banks and the prospect of holding Bitcoin as reserves.
by
davis196
on 09/09/2025, 06:53:55 UTC
Banks use tools as a store of value by holding some assets in reserves, for various economic benefits. Although, adopting Bitcoin in such capacity, would have it's pros and cons.  Obviously like controlling inflationary trends, and even help stabilize the volatility of Bitcoin to  its users, and conversely such volatility could also alter the stability of a banks statement of financial position. All these could add up to a more stable global economy. Surely banks have started to think of such prospect

1.I don't know anything about banks storing Bitcoin as part of their reserves. Can you share with us any verified information about one or several banks storing BTC as a reserve? If the answer is no, you are clearly speculating about this subject. AFAIK, most commercial banks around the world aren't allowed by the central banks and government regulations to store BTC in their reserves.
2.Bitcoin's price volatility cannot be lowered by banks storing BTC as a reserve. Bitcoin's price would always be volatile, due to the unstable supply.
3.What do you mean by "controlling inflationary trends"? Bitcoin cannot protect our wealth against inflation in the short term. The best example would be 2022, when there was high global inflation, but the BTC price dropped from 50K USD down to 17K USD.
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Board Gambling discussion
Re: FIFA World Cup 2026 :Canada/Mexico/United States: Discussion Thread
by
davis196
on 09/09/2025, 06:24:55 UTC
Spain is quite lucky being in a group with such mediocre teams as Bulgaria, Turkiye and Georgia. I'm sure that Spain will be facing a lot of problems, when they play against stronger opponents.
Italy had a crazy match against Israel and I'm not impressed by their performance. Gennaro Gattuso wasn't successful as a coach in any of his previous teams, I don't believe that he can achieve great success leading Italy. The Italians score two own goals, which is weird. Maybe they had no luck or maybe their defensive play was horrible.
Germany lost against Slovakia several days ago, which was quite surprising. Nagelsmann used a 3-4-3 formation, which hasn't been used by the German national team in the recent years. This experiment ended with a loss against a very motivated Slovakian national team.
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Board Bitcoin Discussion
Re: Why no forks these days?
by
davis196
on 09/09/2025, 05:50:13 UTC
When you read old threads, you will hear of many soft forks and including a few hard forks that gave birth to Bitcoin Cash , Bitcoin gold, Bitcoin SV. The last one should be BSV in 2018.
What happened differently  that there are no threats or signs of forking?

All the forked Bitcoin versions were popular back in the day mostly due to the scaling debate. Many Bitcoiners were convinced that Bitcoin should be improved(by increasing block size or whatever) and a better version of Bitcoin should be created. This didn't work and all forked Bitcoin versions eventually failed to gain popularity(and they had their own flaws). Most forked BTC creators were trying to make quick money and some of them became rich. I also believe that most of the forked Bitcoin fans and developers moved into other "get-rich-quick" schemes like NFTs, De-Fi, memecoins, etc. Nowadays nobody in the BTC community would care about a new hardforked Bitcoin "insert random word here" shitcoin.
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Board Speculation
Re: Invest now and Expect positive returns this year, is it a red flag?
by
davis196
on 08/09/2025, 10:57:03 UTC
The year is almost in it last quarter with few months to go but for bitcoin, investing now is not too late.

There are lots of suggestions pointing to the possibility of bitcoin getting to $250k by the end of the year, how realistic is that speculation?

If bitcoin can get to $250k by December, then buying now in view of getting returns by the end of the year isn't a bad investment plan. Is such a plan a good one or a red flag?

A 250K USD Bitcoin price by the end of 2025 is not realistic at all. I would be happy if the BTC price stays in the 100K-120K USD range until the end of 2025. A 200K USD price is possible to happen, but I don't know whether is will happen in the next year or after the 2028 halving.
Investing is supposed to be long term. If you are expecting big profits out of your so called "investment" after several weeks or months, then this should considered speculative trading, not investing. The true investors are the ones, who expect ROI after several years, not after several weeks.
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Board Gambling discussion
Re: Team's Failure, who is Responsible?
by
davis196
on 08/09/2025, 10:26:12 UTC
Team's Failure, who is Responsible?

This is the question we should always ask ourselves in gambling whenever we are are playing bets, then discovered that the team we supported in sport bets for instance does not perform as we expected in their match.

Who do we often often blame to be responsible for the failure to deliver, is it the coach or the players, because the two plays the most important roles towards the performance of a team in winning or loosing a match play, so let's discuss about who's responsible and should receive the blame.

First, how is this related to sports betting in general? I agree that a team performing badly causes many bettors, who bet money on that team to lose money. But losing is a part of the game.
Second, do you really believe that playing the blame game and pointing a finger could solve anything? Do you believe that your performance as a sports bettor could improve, if you could put the blame on a coach, a team player or someone else, whenever the team you are betting on has a bad performance? I think that we shouldn't get angry or upset, if the team we are betting to win has a bad day and lost a match.
Emotions have no place in sports betting(and in gambling in general). You could put the blame on the weather or the referee, but this doesn't matter at all.
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Board Economics
Re: Minerals, Money, and Power
by
davis196
on 08/09/2025, 06:52:36 UTC
Quote
Every country wants green tech, electric cars, and cheap gadgets. But nearly all of this depends on minerals like lithium, nickel, copper. And China controls most of it. They buy mines everywhere, use government money to outbid others, and even let their companies lose money if it means locking up supplies for the future. They even run the factories that turn raw minerals into finished products

Fact: China processes 90%+ of the worlds rare earths (69% in mining production). For cobalt, lithium, copper, it is frequently more than half

Now Western countries (US, Europe, Australia, etc.) are worried. They talk about “friendship” and “safe supply chains”, but what are they really doing? Mostly, they throw money at big companies or make new trade groups, but still depend on China’s factories and technology

At the same time, local people in Africa, Asia, and South America are tired of outsiders (East or West) controlling their resources. Sometimes they just take over mines and switch partners

Not every country in the world wants electric vehicles and green tech. The western countries are the ones, who want electric vehicles and green tech. Maybe China also wants EVs and solar panels, but they have all they need, in order to produce EVs, gadgets and all sorts of stuff.
The western world must step out of the comfort zone and start mining for rare earth minerals. I'm sure that there are rare earth minerals in the USA and Canada, but all this "environmentally friendly" propaganda is stopping a lot of mining companies from investing in mining.
The western world wants rare earth minerals, but without the "mining pollution". This is nonsense and it will lead to increased industrial dependence to China and other non-western countries.
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Board Gambling discussion
Re: If you were a sports journalist...
by
davis196
on 08/09/2025, 06:19:21 UTC
The sports industry does not only consist of athletes and managers. There are also the reporters or journalists. They are the ones who go to watch live sports and report trackside or from the studio. They follow the season and the athletes. They are the ones who build a narrative and share it to the public. It got me thinking whether they do sports betting or not and uses whatever inside information they have. Or do they spread something just to bet something different? If you were a sports journalist, would you enjoy betting on the sports you report on?

You are overestimating the influence sports journalists have over the outcome of sports events. Nobody gives a damn about the sports journalists. If I were an athlete, coach, manager or a sports club owner, I would never share insider information about fixed games with a sports journalist. Sports journalists can't keep a secret and they would always reveal such insider information to the public, because this might benefit their careers. Do sports journalists place bets on sports betting platforms? Probably. Who knows? There's no way for us to gather information about this. Maybe the sports betting platforms that have KYC could gather information about how many sports journalists are actively betting.
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Board Bitcoin Discussion
Re: How Long Should You Hold Bitcoin for a Passive Income
by
davis196
on 08/09/2025, 05:52:41 UTC
Those are some pretty weird speculative numbers you are sharing with us, OP. The BTC price hitting 130 million USD per BTC after 40 years? Can you imagine BTC having a market cap, that is bigger than the global GDP. This doesn't make any sense. This is impossible, even if Bitcoin becomes the one and only global currency(which would never happen).
Or perhaps you are predicting a horrible USD hyperinflation, which would cause all asset prices to go thru the roof. Grin This is possible. Grin
Yes, BTC can't exist without mining, but I do believe that BTC mining can exist without a growing BTC price.
I also don't believe in this "passive income" thing. This "passive income out of BTC" plan would disappear when a price crash and a bear market occur and we all know that the BTC price can't go up forever.
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Board Economics
Re: Benefits of a competitive economy.
by
davis196
on 07/09/2025, 13:16:42 UTC
Thanks for posting a wall of text, that looks as if it was generated by AI. Grin Next time, try to summarize your text in several sentences.
What's the point of this forum thread? Are you asking a question? Are you starting a discussion about an important subject?
Having a competitive economy is good. OK. So what? This is just a statement, not a question.
I don't think that a competitive economy pushes the price of consumer goods down. The overall level of inflation depends of the central bank's monetary policy(more or less money printing) and the economy's access to cheap oil, gas and raw materials. Even the most competitive economies around the world(like the USA and the UK) could potentially have increased levels of inflation.
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Board Gambling discussion
Re: Roulette: Live Dealer or Not?
by
davis196
on 07/09/2025, 12:47:59 UTC
Recently, I'm in roll winning in roulette with a live dealer instead of machine based RNG games.

So I have to ask, specially for those roulette players here, which one do you prefer, a roulette game with a live dealer or a game that is base on machine and RNG? There is this kind of games wherein you are going to play against the machine in most provider of roulette like Evolution.

And what is the reason why you choose it? Do you think you have a better chance of winning against them with you strategy?


Congratulations about your wins. I don't prefer playing roulette. It doesn't matter if it's RNG or with a live dealer. Roulette seems pretty boring to me. Does having a live dealer really make any difference(maybe except having a small talk with the dealer, I guess)? Grin
Maybe some gamblers are superstitious and think, that the dealer brings them luck. I don't believe in such BS. You shouldn't believe in this as well. I've heard stories about roulette games being manipulated even in land based casinos, by the usage of magnets or something.
There's no strategy in a luck based game. Just enjoy your wins and try to quit at the right time(before you start losing).
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Board Bitcoin Discussion
Re: Bitcoin is protection against economic collapse
by
davis196
on 07/09/2025, 12:19:27 UTC
This is a pretty scary prediction about the direction the US economy is headed,
but in many ways seems fairly accurate (hope I am wrong). Agree or disagree?


This ALWAYS Is What Happens Right Before Everything COLLAPSES
(Youtube)

I wouldn't watch this Youtube video, but you need to know one thing. Don't consider Bitcoin to be some sort of panacea for an economic collapse. If the US economy collapsed, the Bitcoin price would crash just like the prices of almost all financial assets. Perhaps only the gold price would go up, because gold is the universal "safe heaven" asset and it's prices go up every time when there's panic on the markets.
The US economy is heading towards bigger problems with the growing national debt combined with rapid deindustrialization. Trump's tariffs won't solve any of these problems. We have to prepare for a new global recession, by diversifying our assets and creating multiple income streams.
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Board Gambling discussion
Re: Blockchain + KYC can greatly improve Gambling Exclusion to prevent Addiction
by
davis196
on 05/09/2025, 12:31:10 UTC
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Gambling addiction is induced by personal choice and external factors; but people tend to forget everything when they are drowning into gambling addiction, so I think the casino needs to step in by blocking the person's access to the platform, making self-exclusion automatic when signs of gambling addiction are seen.

Yes, the casinos would definitely block their most valuable customers(gambling addicts) and voluntarily reduce their own income. Grin
Such KYC automatic exclusion system should be imposed by the authorities to all online casinos(both fiat and crypto). The problem is that I have doubts in the efficiency of such system. First, there are non-KYC casinos. Second, a gambler doesn't necessarily need a casino, in order to gamble. Gamblers could just gather around and play poker(or other gambling games, like dice) without the need of a casino as a middle man.
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Board Economics
Re: I'm wealthy and unsuccessful
by
davis196
on 05/09/2025, 12:03:40 UTC
Every real man must have a house(or apartment), a car and an income source(job or business). If you don't have a house and a car, you are not a real man(according to the boomer mentality). Grin I also don't have a car and my own house(I live in my mother's house), so I'm not a real man as well, I guess. The "American Dream" was all about making money, having your own house and a car. This life view is embedded in the consumerist culture. The problem is that success is measured in money and material things by almost everyone. I don't measure success with the amount of money or assets I have. I just want to be financially free and to never have any debts to pay.
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Board Gambling discussion
Re: Is gambling inspiring people to work harder?
by
davis196
on 05/09/2025, 06:52:41 UTC
Just want to share something I’ve observed in our community. I know a few people who are consistent gamblers, yet they also work really hard. It seems like gambling actually pushes them to hustle more, because they need money to fuel their gambling activities.

In their case, they’ve been gambling for years, but they’re still responsible with work, so I don’t see it as pure irresponsibility. Their motivation might be different, but they’re still putting in the effort, even if the end goal is just to fund their gambling.

So how do you see this kind of lifestyle? Do you judge them as wrong because their reason is gambling, or do you respect it since everyone has their own way of finding happiness?

I see this kind of lifestyle as voluntary slavery. Working your ass off just to waste the money on gambling is a financially irresponsible and it will ruin your mental and physical health. What if the guy gets a burnout? What if he loses his job or gets sick and can't work hard anymore?
I never liked the "hard work-hard party" lifestyle. I'm a lazy person(and a moderate gambler) and I wouldn't stress myself out in order to make more money and spend them on gambling. Grinding/hustling doesn't make sense, if it doesn't improve your life in the long run. If would be way better, if those hard working gamblers had accumulated and invested a big enough amount of money, which would bring them dividends, so they could gamble with the income, that is being generated by their investments.

Post
Topic
Board Bitcoin Discussion
Re: Will bitcoin be a unit of account?
by
davis196
on 05/09/2025, 06:22:06 UTC
Bitcoin cannot turn into a stablecoin because of it's scarcity. This leads to unstable price and increased volatility. A stablecoin must have way lower scarcity. Maybe this guy from Twitter wants a stablecoin, that is backed with gold or oil(but the price with volatility remains).
There simply isn't a financial asset or a commodity, that has perfect price stability. Even gold doesn't have a perfectly stable price.
Making Bitcoin a unit of account(or standard measurement) won't change anything. Bitcoin will remain as volatile as it used to be. Declaring Bitcoin a unit of account won't miraculously make the BTC price stable and cause Bitcoin's volatility to disappear.
Also, dreaming about a non-KYC stablecoin is delusional, if you ask me. KYC is here to stay and the governments would become even more aggressive when imposing KYC policies.
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Board Gambling discussion
Re: Government agency’s reliance on online gambling
by
davis196
on 04/09/2025, 10:21:45 UTC
I saw this report saying my country’s government agency that regulates gambling gets most of their profit from online gambling. I was shocked to find out thst 59.9% of their revenue comes from online gambling.I know how much online gambling has grown over the years but to see this number was still shocking. Anyway, some thinks that the agency’s reliance on online gambling for profit makes them inefficient in actually regulating gambling activities in the country. People are asking for them to be more effective and not just consider the gambling operators’s profits because my country has poor healthcare and won’t be able to accommodate addict patients well. There really has to be some objectivity still but I also understand wanting to keep the revenue going especially if it helps in the economy.

Online gambling started dominating over offline gambling in the last 10 years and that's completely normal.
OP, I find your post kinda confusing. A government agency doesn't generate profits. This is a government agency, not a company.
Government agencies don't have to "rely" on gambling tax revenue, because every government agency has a budget, which is subsidized by the central budget. Maybe the government agency you are talking about generates a certain percentage of it's budget by gathering gambling taxes, but you don't elaborate this in your forum thread.
In my own country, gambling tax revenue isn't spent by the Ministry of Healthcare for the treatment of gambling addicts. There's no clear info about how the gambling tax revenue is being spent by the government, in the country where I live.
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Board Economics
Re: You're paying Elon Musk's and Mark Zuckenberg's electric bill
by
davis196
on 04/09/2025, 07:01:05 UTC
https://www.youtube.com/watch?v=YN6BEUA4jNU

Watch this video and you'll soon realize that the "free market" we live in has lead utility companies making below-cost deals with mega corporations to run their datacenters, while prices for everyone else go up to fill the difference.

Awe we supposed to tolerate this?

I don't want to watch this video, but I agree that growing electricity consumption from the data centers would boost the electricity prices for everyone. The utility companies would make huge deals with big corporations because there's a profit for them, so the "below-cost" thing isn't true. The global economy needs way more energy, but 'green energy'(wind and solar) simply isn't enough. Perhaps many governments in the western world would change their policies on coal power plants and carbon credits. Nuclear energy should also be embraced.
Perhaps all the data centers would become way more energy efficient in the future.
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Board Gambling discussion
Re: Warning : Don’t Ever Let Others Use Your KYC in Gambling Sites
by
davis196
on 04/09/2025, 06:30:58 UTC
Giving your ID to other people is extremely stupid(even for a payment), but I have to ask this question.
Nowadays, there are many ID verification services, that require you to upload a selfie while holding your ID card. Do you think that you are doing to pass the KYC verification via uploading a selfie, where you are holding somebody else's ID card? Obviously, your face is different than the face on the ID card. Wouldn't the ID verification system detect this? I know that some crypto casinos have not-so-advanced KYC systems, but the problem remains. What if some casino representative has to manually verify your selfie? Wouldn't he see that your face doesn't match the face on the ID card?