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Messages - Stompix

Pages: 1 2 3 [4] 5 6 ... 47
46
I find it hard to believe banks agreed to that. Credit cards are their bread. I dont believe that banks on freewill agreed to receive less profit from clients. It is like having a night bar but refuse to sell alcohol after 21:00.

And yet bars agreed to close earlier in some countries, pubs and restaurants agreed on smoking bans, tv stations agreed on bans on betting and tobacco, I don't understand what's the surprise here, there are a lot of banks that don't like even deposits on betting website from debit cards, it's nothing unheard of!

Plus if you think it's such an attractive industry for them would you loan money to a gambling addict?
I'm betting (pun!) they have a ton of credit defaults from gamblers, enough to offset the interests.


And somebody believe that this ban would really help? Arent gamblers and addicted gamblers one of the creative persons that happen to find money for gambling no matter what? Imo with this move, Australia has stimulated grey economy. Now gambler would still use credit cards, but this time to buy goods, then re-sell them for fiat and place bets. Very smart Australia.

Common, you really think it's that easy?
If we go by this logic we shouldn't prohibit anything because people find a loophole.

One major problem that is mitigated is that the user doesn't have access to a credit line immediately, to gamble on impulse because he has lost, he will need to purchase something, wait for the delivery, sell the thing, load a debit card...it will be a lot of time in which he can calm down and not rush to empty his whole credit line on the next bet!

I cant even realize how this is going to work. How can casinos know when the user is using a credit card, issues by Australian bank to deposit, and not a deposit card. Or how can Australian casinos tell who is a local and who is a foreigner.

The cc number tells the processing party everything about you, what type of card you have, who issued it, who is the owner, and so on, it's so simple for them to filter this it will be the last problem.
As for the card in another country id doesn't matter, If you're KYCed as an Aussie then you will have no way of using a cc.



47
General Discussion / Re: Contentment
« on: June 13, 2024, 03:13:31 PM »
Necessity pushes people to invent.
Greed drives people to take.
Contentment is far more complex. Many think you get fat and lazy if you are content. I say in order to stay content you need to do a lot of work at it.

Nowadays contentment view is promoted as don't worry be happy don't push yourself cause if you spend too much energy you're labeled either as a workaholic or a greedy person, I under being happy about something and do not strive to gain or earn of acquire or whatever more but that only if you have made some progress till then, but if you have nothing and start bragging how happy you are by having nothing, that's hippie material!

There has to be some kind of balance surely because being too contented is a problem just as being not contented. if you become too contented with your situation you may never grow or become better, you will become too comfortable and your comfort zone will suffocate you.

The thing is we are each different, the balance is also different so telling someone not to be like that on completely different criteria is pretty bad, just as an example, there is a different level of finacial happiness for someone with 3 kids in Europe, someone with no kids in Japan and somebody with 8 kids in a place not yet labeled by google!

48
I guess we all know what this is about  ;). Nowadays GPU isn't really cheap as it seemed before
Some articles say that GPU parts are becoming more expensive and resulting in more shortages, due to its powerful specs. And it's making it harder to get the high performance computing power we need for everything from AI research to gaming.  :-[
Do you guys think that decentralized GPU cloud infrastructure can stop this from happening by leveraging the power of idle GPUs from every individual?

AI learning and gaming are different things.
A 4090 will outclass a H100 in gaming, if we talk FP8 the difference starts being counted in order of magnitude, if we add the existence of NVlink which is present on consumer GPU and allows insane scalability without loss it's pretty hard to compete on, even if we talk 24/7 usage but who is going to let his GPU run all day at full throttle? Not to mention that lately, fewer and fewer people use a desktop and more a laptop which adds to the problems.

49
Bitcoin Forum / Re: Mempool Observer - Discussion about Bitcoin Fees
« on: June 13, 2024, 01:10:36 PM »
Bitcoin proved to be quite resistant to the COVID crisis. On the day of the declaration of the pandemic, the value dropped to $5k, but recovery soon began and the value of Bitcoin grew constantly until the end of the year, I think it was around $30k.
At a time when everyone was working hard, due to the lockdown, the values ​​of digital goods like Bitcoin came to the fore.

If you look strictly at the covid crisis almost everything recovered from that, Microsoft shares crashed from 170 to 130, by 2022 they were at 300 and now 400 (euros) and of course that's nothing compared to oil that went negative  ;D The troubling thing is that high inflation didn't influence the price the way we wanted and expected, we all look to low inflation and fed cuts to boost prices when normally it should have been high inflation that would have driven it.

Although it recovered soon, I was quite scared because I was losing money everywhere...


A real crisis not just what happened there won't be good for anyone, you're not going to have unemployed, homeless, and bankrupt people invest money in crypto the way you do when there is economic growth and everyone has something to spare.

50
Announcements [ANN] / Re: Introducing Bitcoin BTC Quantum (BTQ)
« on: June 13, 2024, 12:40:07 PM »
Thank you for your questions and the opportunity to clarify some misunderstandings about Bitcoin Quantum (BTQ).

Nobody here misunderstood anything about your quantum things or any other thing, our concerns were with 1/7 of the supply having been mined by you and that you will hold (unless you already sold) even in 12 years from now half of the mined coins, so if you compare it with Bitcoin you have at least 3 times more coins than Satoshi despite a 10x lower supply generation.

And again with the wall of text, you managed to avoid answering the questions while claiming transparency!

if quantum and AI are combined, then SHA-256 is easy problem.

AI is actually powered by the current information we have, so it's not like it can invent something we haven't tried since it doesn't have the knowledge for that, also even if an AI model would be able to cancel bad effects such as noise, it can't solve the physical problems of quantum computers.

51
The Australian Associated Press reported Tuesday that the ban on online gambling payments extends to credit cards linked to digital wallets, cryptocurrencies like Bitcoin, and any future forms of credit... Read more here.

Is it crypto payments or payments done with a credit card linked to a digital wallet?
https://www.dss.gov.au/communities-and-vulnerable-people-programs-services-gambling/gambling-reforms

Quote
Ban on the use of credit cards for online wagering
The ban will apply to Australian licensed wagering services. The ban will extend to credit cards and credit payments made via digital wallets.

Anyhow, Australia had a problem, and everyone knew bans would come since everyone agreed to the measures, there was like no real opposition on the votes, probably the next step will be a complete ban! In some countries, the whole betting till you're broke and then use welfare money to bet has gone out of control.


52
Announcements [ANN] / Re: Introducing Bitcoin BTC Quantum (BTQ)
« on: June 11, 2024, 04:10:25 PM »
Yes, we conducted a pre-mine, and 3,000,000 BTQ were allocated for the foundation and marketing, which are used for listing on exchanges. The remaining pre-mined coins are reserved for airdrops and marketing activities.

And you never mentioned this anywhere, not on your website, not on your whitepaper, you mined 1/7 of the total supply and more than 12 years of mining!!!! for, airdrop promotion! Common!
You knew the whole pre-mining thing is frowned upon by every miner or investor and you hid that willingly!

Then you claim "transparency"! How can you claim transparency when you didn't tell anyone that 12 years from now on you will still own half of all the mined coins?

53
Visited Bitcointalk, but I did not receive any clarification.  :(
Bitcointalk is not a small forum, and this sounds like you said to use google for more info and clarification.

Probably this:
https://bitcointalk.org/index.php?topic=5495661.0
and the complaint on casino guru:
https://casinoguru-en.com/kineko-casino-player-is-experiencing-continued-withdrawal

Taking into account that they agreed to a payment schedule with a known mediator and then they accused the use of breaching their terms and not paying a dime on the agreed plan, you can safely call them scammers!

54
Announcements [ANN] / Re: Introducing Bitcoin BTC Quantum (BTQ)
« on: June 11, 2024, 03:18:31 PM »
Question:
How did you manage with 76252 bocks and 0.57 reward to get 3,043,543.58 mined coins?
All according to your explorer!

So, unless it was pre-mined how does the math work for this?

55
Meme Coins / Re: Does Autoburn Increase a Token's Value?
« on: June 11, 2024, 02:39:16 PM »
My curiosity is, since 4% of $CWIF are automatically burned from every on-chain transaction, will this defensive mechanism automatically create scarcity by reducing supply and increase value...?

Scarcity alone can't drive the price up, you need demand to offset supply!
You can a have a coin burning its supply, but at the same time if people sell each day $1000 and only buy $100 you will still have the price going down as there is a cash outflow happening there. It's all a game of numbers!
And yeah, there is a disadvantage, you're basically taxing usage, which leads to people holding and less spending, so lees burning altogether alongside fewer transfers and adoption.

If we had a way to create value out of nothing and keep that value with no effort we wouldn't be here now!

56
In the end, it will turn out that the man actually has nothing and that he is a victim of a system that persecutes him because he thinks he is someone else. Can the whole story go in the direction of proving unaccountability in order to avoid all possible legal consequences?

Impossible in CW case since he initiated lawsuits on these claims, he has no chance, his only way out of this is bankruptcy!

UK judge already anticipate that by freezing some craig asset few months ago. The amount should be enough to cover 85% of COPA legal bill.

Source, https://www.coindesk.com/policy/2024/03/29/uk-judge-freezes-craig-wright-assets-to-prevent-him-evading-court-costs/.

He has issued an order on freezing his assets, but this doesn't mean he has the assets to cover that, and even so, COPA will have to wait in line because CW already has to pay 100 million awarded against  W&K  and he still hasn't paid that up.
I still don't think CW has the money to pay up, and these two are not all his lawsuits right now!


57
Basic Attention Token (BAT) / Re: Wait for BAT's strong recovery
« on: June 11, 2024, 02:04:20 PM »
I have a more positive view on this: tokenomics is important for every project and Brave has really good and potential tokenomics. Brave has partnered with many customers, more than 7500 successful campaigns have been organized on Brave to reach tens of millions of users.

But how can you claim success when this is not backed by USD value?
If those campaigns would have been truly a continuous success and not just a one-shot then we wouldn't be here right now with those prices, this activity and this adoption and the numbers would have tripled at least! What they have right now is an almost static situation, when every coin jumped because of the good news BAT wasn't able to capitalize on the inflow and this is bad, no matter how you look at it.

People want to see results, and those are not there!

 

58
Gambling discussion / Re: Are you cool with long running games?
« on: June 10, 2024, 05:30:11 PM »
Although I feel long or running games could serve as a way to mitigate the amount of risks involved in a single slip, so it's really not a bad idea.

If the first match is a loss then all of it's gone just as with any bet!
The duration and the spread between the choices make little impact, so unless you have some info that would make the odds go down before the match you could cash out the first minute by taking advantage of the odds change there is nothing seriously at play here.

So unless you can't pick 10 bets from today and your target is a big ticket return there is little reason for it.


59
General Discussion / Re: Contentment
« on: June 10, 2024, 05:12:02 PM »
Trying to acquire more of anything is not bad if only u are using a resources or your resources as the case maybe to acquire what u want but when you want to acquire your desires but lack the resources to achieve the level of your desired outcome tends to lead to searching of other means possible beyond your capacity is purely lack of contentment.

And if it weren't for this we would still be gathering fruits and using sticks to fish ants out of their hills like primates do!
The constant need for something better that would give more satisfaction than what we have now is what drove human civilization, returning to some hippie narrative about being happy with what you have and not putting effort into having this would be the doom of our world!

Bitcoin was born exactly like this, everything around us is a product of our desire, that's how it has been and this is how it will be!

60
If I'm understanding correctly then the service provider has everyone's ID and so they can just place them on an FBI most wanted list or on INTERPOL. That's why you don't do malicious things after you've been ID'd.

If those are their IDs at all.
All KYC does is make sure that there is a guy named XY with a valid ID that poses as XY, and nothing else, but at no point can they make sure that it's not somebody else using the account and that XY hasn't been paid 100$ in a parking lot to do that KYC.
Plus it would not be the first time when the team was the one fully legit but the guy in charge was someone who nobody knew personally and stayed always in the shadows.


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