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Showing 20 of 121 results by jackpotmaster
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Topic
Board Economics
Re: Check your career
by
jackpotmaster
on 03/09/2025, 17:10:18 UTC
Looks like its time for me to learn embalming. This job pays a lot by the way.
This has got to be my career path in the next few months, the more I see this to be a very stable job is because only a few people can stand stitching the dead.
The problem with some of these jobs is that it may be difficult to find an open position. If you can find one, go for it why not.

But hold on, can't they develop a robot arm to do all these stuff? 
They can't, at least not anytime soon. The problem is when a robot needs to make a lot of very delicate but very different behaviors during the completion of a process. While we have made advances, robots are nowhere near the versatility of the human body.
Post
Topic
Board Economics
Re: The struggle for rare earth metals.
by
jackpotmaster
on 03/09/2025, 17:05:54 UTC
Recently, a huge reserve of rare Earth was discovered in Sweden. This deposit could be worth billions and shift the geopolitical balance between Europe and China. Yet that deposit won't be dug and used due to enormous environmental concerns about mining operations. The cost for a clean extraction would be too high.
Classic European dumb take, slowly going towards self-destruction and irrelevance with each passing year..

It doesn’t work like that.
Firstly, China has to go through exactly the same steps the Western world took. It might be shorter in time and quicker to learn, but they have to go the full route without skipping anything.
Secondly, the kind of retaliation you suggest would immediately be broken by some opportunistic player. It’s not a credible mechanism.
Learn what? Do you really think that the Chinese think the same as the people in the West? Have you ever been to China?  Roll Eyes
Post
Topic
Board Altcoin Discussion
Re: $WLFI Derivatives Jump Before Token Unlock & TGE
by
jackpotmaster
on 03/09/2025, 17:03:06 UTC
How many times do people need to get scammed by these celebrity or political tokens for them to learn their lesson? Investing in this is a very bad idea.

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TRUMP
All-Time High $73.43 -88.5%

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Melania
All-Time High $13.05 -98.5%

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YZY
All-Time High $2.95 -83.8%
Post
Topic
Board Bitcoin Discussion
Re: Why no forks these days?
by
jackpotmaster
on 03/09/2025, 16:52:18 UTC
BSV craze was nuts. Craig wright crashed bitcoin down to like 8k or something crazy like that. I wish I sold my house and capitalized on that as basically everyone wishes lol.  That was just a short time ago too, pretty wild!
People are just stupid. Satoshi is no longer important, whoever he is. Bitcoin is not supposed to be a religious cult. Even if somehow satoshi did return, we should ignore him. This was a needed test for Bitcoin, I am glad that we passed but also that it is over. It did more than enough damage.

proposed censoring Ordinals inscriptions on-chain via the node software. Glad it didn't work out, otherwise, the community would've been going against Bitcoin's censorship-resistant ideals.
Are people still stuck on this thing?!

Preventing abuse of the protocol and not relaying transactions that are exploiting it is not called censorship. If it were then bitcoin would have always been censored because from very early days we introduced standard rules that have been preventing a large number of abusive usage of Bitcoin and are still not relaying a lot of non-standard transactions.
People are stupid. Ordinals are only a thing because of flaws and abuse. Fixing flaws is not censorship.
Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin Solving inequality?
by
jackpotmaster
on 03/09/2025, 16:50:07 UTC
Well, Bitcoin is definitely solving the problem of governments and banks taking money's value away from the people by infinitely printing more money, basically stealing money from their own people in a way...
I would say this is in process. It can be considered a bit solved once we jump on the Bitcoin standard. Printing money is always a scam, there is no justification for it..

More work has to be done, Bitcoin alone will not be able to handle it.
Yeah, it is a wider problem that comes from capitalism but also society. If people were not this greedy and evil, the inequality would never be able to become this huge even if there were no laws to help with redistribution. I don't think that society is evolving fast, so we are likely to see last Bitcoin mined before we see inequality fixed.
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Topic
Board Altcoin Discussion
Re: TON Blockchain: Hidden Gem or Overhyped? Let’s Debate Its Future in 2025
by
jackpotmaster
on 03/09/2025, 16:42:15 UTC
TON is a pure hype thing. It is yet another layer 1 that the market didn't need, but the greedy founders decided to abuse their chat messengers position to push another junk chain onto retail.

Ton blockchain have driven wider adoption of cryptocurrency and alot of newbies into cryptocurrency came in through the tap to earn promotion that came with multiple ton based projects, and the exposure of telegram cryptocurrency features, so for me it's a good development if the trend and development keep at the positive side going forward.
None of those people are really cryptocurrency users. The people that just farm things and hope to earn some fiat are not real users, they are draining money out of the ecosystem instead of contributing.
Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin Solving inequality?
by
jackpotmaster
on 03/09/2025, 16:38:47 UTC
Whales do exist, but let's not forget that they aren't the elite chosen by the system, but rather ordinary people like us who took risks in the early days.
Bitcoin doesn't close its doors to anyone. Anyone, from anywhere, can participate without discrimination. This is the difference from the old system, which was full of privilege.
So, in my opinion, Bitcoin isn't creating a new elite; instead, it's dismantling old monopolies and opening up equal opportunities for everyone.
The opportunity to get rich from buying a small amount is gone though. If someone wants to become part of this new elite, they have to work on it and work hard.

I think it is a limitation that people who do not even have bank accounts can have their own Bitcoin wallets. You don't even need to have passbooks or something, and you could still send and receive Bitcoin. It's most likely that all are equal, but the opportunity to buy it is different for everyone. It depends on what aspect it is, in my opinion.
Inequality usually refers to financial inequality, not access to financial services. Sure there are a lot of people who don't have bank accounts, but they are better off without them anyway. If a person can manage to live without an account, they should.

Post
Topic
Board Altcoin Discussion
Re: Discord scam on the rise
by
jackpotmaster
on 03/09/2025, 16:32:42 UTC
But did you know that this is not new? This may not be as common as X (formerly known as Twitter) hack but we have reported many hacks that someone's discord server would be hacked by hackers and be used to do some malicious things that can lead to theft of victims coins. I even posted some on this forum in the past. It is very possible that it might now be on the rise, people need to be very careful.
It is just another form of social engineering attack, it is absolutely not new or newsworthy.

Thank you for the headsup, considering I am an active user of Discord.
Discord is a very bad place, full of malware and scammers and it violates your privacy too. I would not recommend using Discord on the same machines you use crypto.
Post
Topic
Board Beginners & Help
Re: Bitcoin withdrawal suspension saga: why self custody is the best
by
jackpotmaster
on 03/09/2025, 16:31:04 UTC
KuCoin exchange has actually suspended the withdrawal of funds from their customers who Recieved bitcoin together with this addresses

In as much as we all know this was a coincidence nobody’s problem it shows that self custody should be adhere to seriously when receiving bitcoin.

Most of us who used KuCoin and other exchanges to recieve payment need to take note that there are many risks involved because of some exchanges policy and it is best to use wallet and then probably move your bitcoin out from the wallet to exchange to sell. This is usually the best practice when Receiving bitcoin.
Such users are the problem, they are both using exchanges as their wallets and they always sell Bitcoin. They are not helping Bitcoin but are actually hurting it.

Many forum members has been campaigning of not store your bitcoin with exchange address but many of us continue to ignore such information, it seems that many information tender here some of us doesn't value such,
A lot of people write here things that they themselves don't do. They pretend to be experts on many things, but it is obvious that they are not.
Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin Solving inequality?
by
jackpotmaster
on 03/09/2025, 16:28:12 UTC
Bitcoin was created to be a currency to serve as an alternative to fiat. It was not created to solve financial inequality. But it has become an asset held for profit-making due to its volatility.  A report showed that about 1% of Bitcoin holders control 99% of BTC supply, which means if the price keeps increasing, a new set of elites with be created.
The report is wrong, learn how Bitcoin works. 1 address is not equal to one person. Most coins are held by exchanges and institutions which hold coin for millions of users.

Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin Solving inequality?
by
jackpotmaster
on 03/09/2025, 15:55:27 UTC
No, inequality is a consequence of many things and Bitcoin is unable to magically fix the reality of our existence. Bitcoin is a neutral thing. It can be used for bad things but also for good things. It won't fix the world on its own.

There used to be an inequality formerly with when it comes to opportunities to invest, I mean those times when you must have a serious amount of money before you can pursue any investment. Bitcoin removed that inequality, people of different financial levels can now invest in their own capacities.
You could invest small amounts of money in other things, this was not a new invention with the release of Bitcoin.
Post
Topic
Board Bitcoin Discussion
Re: Why no forks these days?
by
jackpotmaster
on 01/09/2025, 00:00:00 UTC
Every holder of Bitcoin could grab their other coins too which is crazyyy like imagine how much Satoshi has in just the shitcoins that's gotta be a lot of dough. I'm sure someone has figured what that bitcoin amount is! I just said bitcoin amount instead of dollar amount  Cool
20% more Bitcoin was achievable from the largest dozen or so.  In theory if you managed to nail the high trading point of each of them more would be possible, but there were people who actually achieved a 20% gain.
I think it was even more if you were lucky with the timing, there were many forks at the time and a few of them had fair values like 5-10% of Bitcoin.

Forks and most altcoins have damaged the perception and adoption of Bitcoin and blockchain technology, there is no way to go around this fact.
I'm doubtful.  I think they pulled away a good number of idiots and fraudsters that otherwise would have been a greater nuisance in Bitcoin and depleted the funds of some fairly bad actors.  It's true that bitcoin sometimes gets blamed for stupidity in other blockchains but at least you can so "no, that was poocoin, not Bitcoin"-- which is a better situation than the same bullshit having happened in Bitcoin.

Question is did the benefits exceed the harms, I'm not sure.  But I do know that people having the freedom to actualize their beliefs (however stupid they are) is a fundamental good.  The same freedom that lets dumbass altcoins exist is what makes it possible for Bitcoin to exist.  I think we should give them some benefit of doubt.
Perhaps, and I do agree but I was kinda referring to other people. There were people that fell for this scam, thinking that they are the real Bitcoin, a better Bitcoin or even the future Bitcoin. I can't blame a large amount of population that isn't that proficient with technology and scams. While it is technically their fault, they are victims too of scammer Ver and similar people. Were it not for their kind, they would probably not have made such an error. I don't think that random forks caused as much damage as Bitcoin Cash and SV because they didn't have authorities that promote them heavily.
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Topic
Board Bitcoin Discussion
Re: US Strategic Reserve; is it right to actually use seized assets as reserves
by
jackpotmaster
on 22/08/2025, 22:32:47 UTC
The government has no right to hold on to it or sell it off for its own benefit.
Of course they do. The law decides the right, not someone with the username headingnorth.

It's sad and scary to know there are so many sheep like yourself who think the government can do whatever it wants,
and no one should ever dare question them. That is the anti-thesis of what bitcoin is about and why it was created. 

Someone like yourself would feel right at home in North Korea or Saudi Arabia. I wouldn't be surprised if you are from one those places.
What is right in a country is decided by law. Whether you like this or not changes nothing. In your case, the majority of the stupid 51% decides what is allowed and not.  Smiley
Post
Topic
Board Altcoin Discussion
Re: PI Pioneers and their pride
by
jackpotmaster
on 22/08/2025, 22:31:51 UTC
However, before the listing, there are lots of PI delusional thinking that it will be worth $100 right away at the listing, and even comparing it to how bitcoin was progressing.
What do you mean after the listing? Pi is already listed in many places. Are we talking about the same thing here?

https://www.coingecko.com/en/coins/pi-network

"BEFORE" the listing = "PRIOR"

Not sure where we got tangled. Cheesy
My bad, you are correct.  Cheesy Your story is accurate, I saw many airdrop farmers repeating these lies besides the influencers.
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Topic
Board Bitcoin Discussion
Re: US Strategic Reserve; is it right to actually use seized assets as reserves
by
jackpotmaster
on 22/08/2025, 21:19:30 UTC
This is wrong though, if a coin is seized then it means the person that received the coin the first place did it illegally but I want believe that the coin has an origin, why not send back the coin to the original owner. I can't imagine someone coin was hack and lose everything they have fault for only for another country to hold into it. The only coins that government is supposed to keep is only when someone use it for terrorism or use to trade illegal goods.

I remember how silk road Bitcoin was sieze years back, he even went for prison for it because it was reported that the Bitcoin in his possession were gotten under the influence of dark web and any activities on dark web is illegal, he was later pardon but all the Bitcoin was taking by the government which was understandable, he got back though because people still donate some Bitcoin for him after his release, that's one power message of a decentralized community.
Your own example contradicts you. In cases like dark web markets, the users are using the coin for illegal purposes and the sellers are getting coin for illegal things. In both these cases there is reason to return the coin to anyone, so it should be seized and go towards the government. For other cases like scams I have explained it in my post.

In that case the seized asset should be given back to the victims.
In many cases this is near impossible or does not make economic sense. Should they spend $100m in taxes to track down, account and reimburse victims $10m in value? No.
Post
Topic
Board Bitcoin Discussion
Re: US Strategic Reserve; is it right to actually use seized assets as reserves
by
jackpotmaster
on 22/08/2025, 20:32:14 UTC
A "seized asset" implies something that was stolen by criminals from their victims.
No, there are many other scenarios where this is not true.

In that case the seized asset should be given back to the victims.
In many cases this is near impossible or does not make economic sense. Should they spend $100m in taxes to track down, account and reimburse victims $10m in value? No.

The government has no right to hold on to it or sell it off for its own benefit.
Of course they do.

If so then that would give government a perverse incentive to falsely accuse you of stealing
and provide them an excuse to seize your bitcoin (even when you legitimately own it and never stole anything).
You've been asleep since you have been born. Did you complain that asset seizure is possible with other assets before or you are just complaining about Bitcoin now? This incentive was always there, and it will always be here.
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Topic
Board Altcoin Discussion
Re: PI Pioneers and their pride
by
jackpotmaster
on 22/08/2025, 20:28:45 UTC
From a crypto-trading perspective, there's nothing wrong with being involved in PI. However, before the listing, there are lots of PI delusional thinking that it will be worth $100 right away at the listing, and even comparing it to how bitcoin was progressing.

Though for some it might be possible, what's wrong is the mindset that it will happen right away once it gets listed.
What do you mean after the listing? Pi is already listed in many places. Are we talking about the same thing here?

https://www.coingecko.com/en/coins/pi-network

Too much expectation that the PI will give them a life-changing moment.
Greed and stupidity is a very bad combination.
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Topic
Board Altcoin Discussion
Re: PI Pioneers and their pride
by
jackpotmaster
on 22/08/2025, 20:15:12 UTC
. And one funny thing about them is that they tend to believe that one day 1 Pi will be able to buy a car, lol.
I highly doubt that, PI network is a scam project and anyone serious will not invest in it.
Post
Topic
Board Altcoin Discussion
Re: Is AI Replacing Human Jobs
by
jackpotmaster
on 22/08/2025, 20:14:13 UTC
Most probably the crypto related AI will become like NFT and it won't be a big deal, but at the same time we are talking about something that is getting different here, and it's going to be a lot better and won't face that much trouble. Because AI itself will grow and continue to grow, not the crypto version, not projects that uses AI, I mean the one that is just related to AI itself, like Gemini, chatgpt, midjourney and all that. If they can do a better job there, then we can definitely see it be a lot better.

So there is no need to look for it in the crypto world, considering the big companies already spent countless billions on it, and nothing in this space will have that funding to start doing something similar.
All of the examples that you have listed are mostly gimmicks and are over hyped, very similar to the crypto projects. Read less marketing information and do proper research. None of those companies have anything that could be considered artificial intelligence.

AI will probably end up much like NFTs.  It is mostly hype, there is good, there is bad but at the end of the hype the truly useful aspects of it remain.  In the case of NFTs, I do not even know if there is any useful aspect.  For AI, it will likely remain solid in areas where it can actually help.  Have you ever interacted with an AI?  Have you seen what it can do?  Sometimes it can surprise you by how much it can do, other times it may be surprisingly stupid.  I doubt it will work as good as a group of human minds could.  It may help with precision, but even there you may see errors.  Humans will stop rather quickly when an error occurs, but if an AI thinks there is no error, it continues to do what it should not do potentially causing way more damage and expenses than a group of employees could.
Yes they will, especially blockchain based AI projects that are complete gimmick. They are just riding on a hype wave and don't have anything real.

Further more, what even is AI?  People barely even know what it is.  Nowadays every thing that is programmed is called that way for marketing purposes.
AI does not exist. What is called AI today is just an advacned computer algorithm.
Post
Topic
Board Bitcoin Discussion
Re: Why no forks these days?
by
jackpotmaster
on 22/08/2025, 20:09:24 UTC
It's not dead yet... Instead of trying to be the next Bitcoin they should try to assist it. The higher Bitcoin goes the better for most altcoins. That's why I propose another name and see kill all copies of the next one who tries. Could call them Neocoins or Subcoins. Not here  to repl s Bitcoin but to help it blossom.
Scams like Bitcoin forks can never assist the real thing, they leech value and create damage. There is no need for additional coins, neither of copies of Bitcoin or of others.
You know what might help is something for the miners can use to cover the mining electrical costs. Can also be used to help lower the carbon footprint. Another coin could help Bitcoins it's just so many coins have been bad for the ecosystem. That's what happens when you let the people decide. This democracy idea is bad a Republic idea maybe better untill society grows the fuck up. Id like to give it another shot and create something that can really assist like batman and robin.
None of what you said is needed or directly related to the topic that we are talking about.