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Showing 20 of 66 results by wheeljunkie
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Board Bitcoin Discussion
Re: James Howell Ordeal On the 8,000 Lost BTC
by
wheeljunkie
on 07/08/2025, 19:07:12 UTC
Just stop giving the guy attention, how many times do you need to be told?
Post
Topic
Board Economics
Re: How do developing countries end up escaping poverty?
by
wheeljunkie
on 06/08/2025, 02:28:39 UTC
My opinion is that many develop countries (or, as you said: third-world countries) are still stuck in a structural cycle and breaking this requires much more than a wealth of natural resources or "economic luck" (you can't gamble with a country's economy like you do in a gambling game Tongue ).

For a country to grow, I think the main thing is have solid institutions and a good governance, but as you said... corruption is truly the main obstacle to sustainble growth on any country. After that comes international recognition and foreign investment... with long-term planning its possible, but like South Korea and Singapore, its take perseverance and sometimes an authoritarian start.

You mentioned natural resources... there are countries with large oil or mineral reserves, but their problem is a lack of economic diversification. When they depend of a single sector, they become very vulnerable to external shocks... they have to create a value chain exporting more than just raw materials, like China did.
Some have natural advantage that gives them time and resources to build up their country and diversify those services. Sometimes this does not happen at all, and at other times it is successful. Africa is a good example. Plenty of resources and many countries are barely making advances due to rampant corruption and failure to focus on long-term outlook. Many humans are very undeveloped mentally. They would rather have a brand new Dacia today than 1 000 000 porches in 15 years. That's how stupid they are.  Grin

And about my country, Brazil... nothing to declare!
I love it very much, but I am deeply ashamed of the direction it is taking Embarrassed
The previous leader may not have been great, but leftists destroy anything they touch. That's why Argentina has terrible economic woes for a long time and that's why the direction of Brazil is not good.
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Topic
Board Economics
Re: How do developing countries end up escaping poverty?
by
wheeljunkie
on 06/08/2025, 02:07:22 UTC
There are several problems for developing countries:
1) Corruption. This is clear to most people. There are many kinds of corruption done both through illegal and legal means. This is draining a lot of resources.
2) Government inefficiency. Massive issue, often underestimated. In most countries despite the number of government employees, most services are slow, bad or both. A lot of government jobs are life jobs, meaning that the worst people in existence work there and don't get fired.
3) Debt. This one is unclear to most people. Most countries are suffering massive budget losses to interest payments and debt repayment. Instead of the people's taxes being used to improve things, a big portion is being given to rich institutions and money lenders. Debt is good for emergencies or large projects that will generate more revenue than interest and debt payments combined. This is very rarely the case. The rich have managed to enslave most countries this way.

Major improvements on any of these 3 will make a country advance rapidly, and improving all 3 will give you guaranteed prosperity. Do not get debt.
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Topic
Board Economics
Re: Rags to riches vs Riches to rags
by
wheeljunkie
on 06/08/2025, 01:53:13 UTC
I remember a post here before saying that it was better to just not aim for experiencing luxurious things because you will get used to it and it will be difficult when you go back to not being able to afford them. It made me think of whether there is a difference between people who grew up poor and people who grew up rich when it comes to their dreams and aspirations and goals.
This is not true, perhaps only for the weakest people among us. If you get used to poverty, but not in a suffering I have survived way, then you are able to live both in luxury and in poverty whatever comes to you. If you have fixations and mental problems relating to your previous status of poverty then you may indeed have issues letting go of luxury.

Are poor people more prone to staying poor because they have become complacent? Or maybe because they are just not aware of the greater things in life since they have never experienced it ever? As opposed to someone who grew up rich but later on in life became poor, since he has experienced what it is to have a better life maybe he will be more motivated to get there.

Are poor people just working for mere survival or with the hopes of living a better life far beyond what they can ever comprehend?
Most poor people are very complacent, they barely ever do something more than what is necessary for survival.
Post
Topic
Board Bitcoin Discussion
Re: What Bitcoin Taught Me About Patience and Risk
by
wheeljunkie
on 06/08/2025, 01:50:15 UTC
The real lesson that Bitcoin has shown most people but they have failed to learn: You are more stupid than you think. Many of us, myself included, have dismissed Bitcoin on the first, second or even third time we have heard about it. We can find excuses for this, but it does not change the fact that we are not as smart as we think we are.

But these are not necessarily faults
Good excuse, just blame it on the witches and we have regressed back 500 years in development.  Smiley
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Topic
Board Bitcoin Discussion
Re: James Howell Ordeal On the 8,000 Lost BTC
by
wheeljunkie
on 06/08/2025, 01:38:06 UTC
These coins never existed, you need to stop giving your time to attention whores.
Post
Topic
Board Altcoin Discussion
Re: TON trying to build quietly, would it be sustainable in the future ?
by
wheeljunkie
on 06/08/2025, 01:37:14 UTC
Despite how badly they made it today, I still think TON has a bigger potential whenever they use their resources, they can always announce big things to everyone's phone whenever they want to get noticed. And making everyone know that they can make substantial amount of money through the telegram account, users will rush to see it for themselves.

TON price looks like its about to blow up actually.  Its been down since and it might just be a good time to buy.

You should change how you think about these things. You are implying here that you would invest in any coin or token that is backed by a large company such as Telegram. Actually the creation of TON was a big mistake, and if they wanted to contribute to the cryptocurrency space they would have used one of the existing coins and helped improve them. Instead they were greedy and released a chain that is terrible for building on and has no special use case. It is very similar to most altcoins.
Post
Topic
Board Gambling discussion
Re: Be careful with nostalgia
by
wheeljunkie
on 25/07/2025, 19:58:01 UTC
Sometimes an old athlete may want to come back for some special match. Some bettors might still bet on him despite of old age and lack of recent experiences in the sport. That is because of what we call nostalgia. They might recall the past memories or past performances of the athlete that may not necessarily reflect the recent performance of the athlete. So be careful when betting because you might just be nostalgic.
I remember when Manny Pacquiao came back to fight someone, I can't remember the opponent's name after many years of hanging his gloves. Many people believed that he was going to win based on experience while some others believed that the younger opponent was going to win based on his age and speed. Manny lost that match and to people who bet on him, they also lost their monies. This is a typical example.

Quote
Manny Pacquiao returned to the ring at age 46 and fought to a majority draw against WBC welterweight champion Mario Barrios on Saturday at the MGM Grand Garden Arena in Las Vegas. Two judges scored the fight even, at 114-114 and the third judge scored it 115-113 in favor of Barrios.
https://www.espn.com/boxing/story/_/id/45768242/pacquiao-barrios-usyk-dubois-tszyu-fundora-live-boxing-updates-results-analysis
That is the best example of when emotions trump reason. For pretty much any sport youth trumps experience as soon as the difference becomes a lot. I know of people who bet on such matches and they often lose money. Sometimes the judges score favorably to not be too harsh on the legends but even that is wrong.
Post
Topic
Board Gambling discussion
Re: Be careful with nostalgia
by
wheeljunkie
on 25/07/2025, 18:51:30 UTC
A lot of people make mistakes betting on matches like in boxing because of nostalgic reasons yes. One must be reasonable when evaluating a matchup regardless of ones own feelings. If you are not able to bypass this bias I think you should stay away from betting on matches where there is at least 1 party that invokes nostalgia.

Sometimes an old athlete may want to come back for some special match. Some bettors might still bet on him despite of old age and lack of recent experiences in the sport. That is because of what we call nostalgia. They might recall the past memories or past performances of the athlete that may not necessarily reflect the recent performance of the athlete. So be careful when betting because you might just be nostalgic.

You don't have to worry for the athlete in this situation, they are most likely being paid a very generous sum because their historical reputation is drawing in the audience. They will be paid regardless of all the betting that takes place around the event. As someone placing the bet, you should be aware that a previously top athlete is most likely going to bed far behind a top new young competitor. Regardless of what we might wish or hope for - when people get older they lose a lot of the strength they had in younger years and that reflects the outcome of the competition that is being setup. It is mush nore likely the young and upcoming talent is going to defeat the champion from decades ago, so place bets with that in mind.
There are people who are negatively affected by their old favorite losing even if it makes sense for them to lose because of age. Not everything is about money, you can lose some fans this way. I don't want to see my champion that was never defeated finally crushed by someone just because he is old. Who does?
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Topic
Board Altcoin Discussion
Re: TON trying to build quietly, would it be sustainable in the future ?
by
wheeljunkie
on 25/07/2025, 17:26:43 UTC
So I’ve been watching TON for awhile apparently TON is trying to increase its adoption. I just saw the news that TON wallet is available to U.S users now, that’s about additional 87 million users onboarded but my question in the midst of this is; will this reflect in its price action particularly now that the market is bullish.
This is very wrong to say. That does not mean even a single user is onboarded, stop reading into marketing lies unless you are a TON bagholder that is spreading them. Someone who does not willfully use a wallet or a blockchain is not an onboarded user.

Given its increasing utility and its user base also expanding. A couple of months back, Telegram also announced its partnership with Elon Musk’s AI, Grok. In all of this i’m just here watching how much growth all this would lead to in the TON ecosystem. Do you think this will increase its potential growth or not, the ecosystem it’s building would it be strong enough to thrive in the future ?
TON as a blockchain is shit and building on it is shit. Most users have no clue about the truth as they are not builders and most often they just repeat the lies that they have read by others. Have you tried to build a SC for TON? It is one of the worst blockchains out there like SUI. It was just created for greed, they could have integrated any mature chain instead of creating another blockchain.
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Topic
Board Bitcoin Discussion
Re: Can Bitcoin kill other crypto?
by
wheeljunkie
on 25/07/2025, 17:21:47 UTC
It has already killed them. Collective human greed by bad and good people will never lead to a situation where other cryptocurrencies are gone. If you think about it simply all those project founders and developers who claim to have a mission to improve the world would have contributed to Bitcoin and made it better if that was true. But they are just trying to sell you their greed with lies, and many people fall for it. They are not interested in making anything better, their primary interest lies in lining their pockets. As long as this is true other cryptos will exist.

If you count the number of coins and tokens that are dead now, there are thousands of them.
I think you are very strongly underestimating the count. There are currently millions of dead tokens.
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Topic
Board Gambling discussion
Re: How quickly do you forget a loss
by
wheeljunkie
on 25/07/2025, 17:19:24 UTC
Every loss teaches us something, so I try not to forget at all.
That must be a large brain retention ability, all my losses in gambling is way too much to be able to think about them all, only new gamblers can do this, there are some losses that I can forget because of the circumstance around them and some were the events of the game, but a usual gambler can not keep all of their losses in their head. I just try to forget my loss and a win helps me do that.

And it's true, winning significantly helps to forget losses. Typically, people only remember a few of them, the first seemingly dramatic loss and major losses. If someone talks too often about their gambling experiences to others, whether it's about losses or wins, it will certainly make it difficult for them to forget. This heavily depends on a person character, and in my opinion, it's better not to share much about gambling experiences with others.

Instead of remembering losses, I believe many people are more inclined to remember wins, especially wins at specific moments, regardless of the amount for instance, when they desperately needed money. However, both losses and wins can push someone into gambling addiction. Those who lose tend to want to chase their losses, while winners also tend to become hooked.
Most people are actively suppressing memories of losses to preserve their ego regardless of how much they are winning. This is a sign of weakness of character. Instead of bravely admitting their mistakes, they run away from them like little children and try to hide that they did something wrong. This is actually one of the main reasons why gamblers continue to repeat the same mistakes, besides compulsion that is created by addiction. Unless you are able to bravely admit that you did something wrong then you can't learn anything from it.
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Topic
Board Bitcoin Discussion
Re: Is Buying Shares of a BTC ETF a good way to invest in Bitcoin?
by
wheeljunkie
on 25/07/2025, 15:35:47 UTC

Just recently I've decided to invest in Bitcoin and have chosen to buy shares in Fidelity's FBTC Exchange-Traded-Fund.

My choice was primarily between Fidelity's FBTC and Blackrock's IBIT. I chose FBTC because I like and trust Fidelity's service and I like their Trading Dashboard features.

Is Buying Shares of a BTC ETF a good way for non-tech new (late-to the game) investors to invest in BTC?   
Yes, ETFs are the recommended method for both low tech people and those that are overall not familiar with the practices necessary to secure your Bitcoin. Keep in mind that mistakes with Bitcoin are not reversible, so I highly recommend educating yourself deeply before you try to do self custody with any significant amount. For the time being you are better off joining us through the ETF. Welcome!

I've been educating myself and have learned a whole lot. I'm very excited about Bitcoin's future. The future price predictions for BTC by the experts are mind-boggling!
My advice is to ignore any so called experts and influencers. They don't know anything. Simply by the power of chance someone ends up being correct when there are thousands of different predictions. It is better to use your head and think about these things. There is only 1 thing in the entire existence of humanity that has a fixed supply, it is Bitcoin. Everything else is fake or diluting itself like stuff with collectibles. In an always inflating word where the money printer almost never stops its future looks bright.

As a bitcoin investor, I do not encourage us to invest and store bitcoin through a third party because that goes against its original criteria. But I have to admit that not everyone knows how to use non-custodial wallets, DEXs...so for those who don't have basic knowledge of technology or are not too confident in their ability to hold it themselves. Buying bitcoin shares through ETFs is a good solution.

I see many people against investing through ETFs but we are not in their shoes and we are not like them. We should not impose our thoughts on them.
You just repeated what I wrote in the first response.  Roll Eyes

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Topic
Board Gambling discussion
Re: How quickly do you forget a loss
by
wheeljunkie
on 24/07/2025, 17:54:19 UTC
It depends the most on the details of the situation. For example maybe the loss was massive then it will take a longer time to forget and if it is smaller it will be faster. It is healthy to do it this way. There are those people that are in denial about the consequences of their actions and they say that they can forget big losses fast. This is very unhealthy, never do this. It is a child's attempt to run away from reality and it never works. This usually leads to other compulsive behavior and mistakes. I particularly only had a big loss a few times and it did take some months and in some cases years to swallow it, but this doesn't have to be restricted to gambling. You can also make very bad investment choices which at the time sounded good.
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Topic
Board Gambling discussion
Re: much money in the foodball and in general in life is a ruin
by
wheeljunkie
on 24/07/2025, 17:12:27 UTC
Most often it is a terrible thing and those people that support these decisions just show how greedy they also are even if they refuse to admit it. How much money is enough? Most people that get an opportunity like this already have enough money and if they don't it is because they are reckless spenders.

Money is useful, let's be clear, it is useful for everyone but to think that it is the goal to be pursued by overlooking people or honor and loyalty is something squalid
is football not about money? you think the teams the players are playing for are just retaining players just because they like the players or just because the players are talented and young? the central thing about every sport is money and players have recognized that and that is the reason why they are not going after teams that will give them better pay as against staying in just popular teams. it is when you don't have money again that you will know that everything revolves around money.

if football was not about money, no African player will be playing in Europe in the first place, they will stay in their local leagues and develop their league rather than trying out some top global leagues even though it is tougher getting teams that will sign them in those clubs.
Leaving to a place where the competition is bigger is not the same as leaving to a place for money. Football should not be primarily about money, that is what ruined the sport. It was much more beautiful before when less money was involved. The young people don't remember.  Smiley
Post
Topic
Board Bitcoin Discussion
Re: Is Buying Shares of a BTC ETF a good way to invest in Bitcoin?
by
wheeljunkie
on 24/07/2025, 17:08:53 UTC

Just recently I've decided to invest in Bitcoin and have chosen to buy shares in Fidelity's FBTC Exchange-Traded-Fund.

My choice was primarily between Fidelity's FBTC and Blackrock's IBIT. I chose FBTC because I like and trust Fidelity's service and I like their Trading Dashboard features.

Is Buying Shares of a BTC ETF a good way for non-tech new (late-to the game) investors to invest in BTC?   
Yes, ETFs are the recommended method for both low tech people and those that are overall not familiar with the practices necessary to secure your Bitcoin. Keep in mind that mistakes with Bitcoin are not reversible, so I highly recommend educating yourself deeply before you try to do self custody with any significant amount. For the time being you are better off joining us through the ETF. Welcome!
Post
Topic
Board Altcoin Discussion
Re: Can Exodus or Trustwallet or Tron Link Pro Wallet pro freeze my friend usdt ?
by
wheeljunkie
on 24/07/2025, 15:57:54 UTC
Hello,

Despite having enough energy and bandwidth, when I try to send from my TronLink Pro wallet, I always get the following error:

"Transaction failed. The transaction has expired. Please resign and resubmit again."
The wallet providers themselves can't freeze you, but almost any token on these smart contract chains can be frozen by the issuer. It is not really decentralized.

The ContactMe tokens are sent after an address has been blacklisted. I believe the sender is just monitoring the blockchain for blacklisted addresses and then trying to get the user's attention, probably to scam them.
Yes it is a similar scam attempt like those address poisoning attacks, just that they target a different audience. Some people will fall for it because they get blacklisted for legitimate reasons and out of panic try to get help from such scammers.

By the way, I just checked out the website advertised on your profile and all I can say is that you probably don’t need to bother appealing. It is obvious why your funds were frozen
It is good that they got blacklisted, they deserve it. I'm surprised that the domain is not seized.
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Topic
Board Bitcoin Discussion
Re: Can we make Bitcoin accepted world wide?
by
wheeljunkie
on 06/07/2025, 16:45:27 UTC
Bitcoin is already accepted world wide, it just isn't accepted everywhere. You can't force adoption. Governments could force it by making it legal tender, but that is unlikely to happen and anyway people don't like when things are forced on them. Education is the key for widening acceptance, but also it has to be easy to accept and use it.

Behind every company there is a person, or several people, and if you convince them, then it will be possible for them to accept bitcoin. It takes courage and the knowledge of what bitcoin is. And they not treated by the state, that will be the most difficult part. Apart from that, it has to be easy to pay, so easy like paypal, for example. Then many more people would use it. Paypal is free for the buyer, but there are also fees. Bitcoin transaction fees dont be more expensive like them. Simply it is these things that they needed to make it easier.
There are people and groups that work on on-boarding companies to Bitcoin at least for accepting, but this is happening locally or regionally. You won't hear about most of those online, they are busy doing the work!
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Topic
Board Bitcoin Discussion
Re: Glassnode: super-majority of Bitcoin investors are now holding unrealized profit
by
wheeljunkie
on 06/07/2025, 16:38:16 UTC
"there's still a chance it could become legal tender again in the future"

Personally, I won't ever use my coin for day to day stuff until I'm getting paid in coin.
Who do use bitcoin daily?
There are places where lightning network is well integrated, and people use it on a daily basis for making transactions. Why wouldn't they?

t's not good to use your long term investment asset daily. You will lose your precious bitcoin by using it daily and also you will lose more satoshi to on chain transaction fee.
You are not losing anything, you are using it. There is a big difference. You can buy it back right away, this point does not make sense.
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Topic
Board Altcoin Discussion
Re: DEPIN is the next star boy of blockchain
by
wheeljunkie
on 06/07/2025, 16:35:46 UTC
DEPIN is surely a great innovation, and I love the progress it has made so far in the entire Web 3.0 ecosystem. I also like the fact that it was not hyped like the other innovations that were overhyped which led to their death when people realized that they were all about hypes. We must also be careful because not all DEPIN projects will be successful because by now scammers should have already been studying the system to see loopholes for them to exploit and scam people of their money.
DEPIN is not an innovation and decentralized sharing of physical resources has existed for decades. Don't believe everything that marketing people tell you.