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1001  Economy / Games and rounds / Re: Sportsbet.io ⚽ Champions League ⚽ Milan v Newcastle ⚽ (Free Bets + Apparel) on: September 13, 2023, 08:54:49 PM
a. Milan
b. 1-0
c. Milan
d. Milan
e. No  
f. Milan
g. Milan
h. 61'
1002  Economy / Games and rounds / Re: Sportsbet.io ⚽ Newcastle + Southampton + São Paulo ⚽ (Fri + Sat + Sun) on: September 13, 2023, 08:50:28 PM
Game 1:  42, 21'
Game 2:  42, 21'
Game 3:  42, 21'
1003  Economy / Games and rounds / Re: Sportsbet.io - UFC Fight Night 227 - Multi Master Challenge - (Saturday) on: September 13, 2023, 08:46:33 PM
11. Valentina Shevchenko
10. Kevin Holland
9. Raul Rosas Jr
8. Daniel Zellhuber
7. Fernando Padilla
6. Lupita Godinez
5. Roman Kopylov
4. Daniel Lacerda
3. Jasmine Jasudavicius
2. Josefine Lindgren Knutsson
1. Charlie Campbell


NOT go the Full Distance 5
1004  Economy / Gambling discussion / Re: ⭐⚽⭐ Sportsbet's Bitcointalk Sports Fanatics League (BSFL) – 7000+$ rewards ⭐⚽⭐ on: September 13, 2023, 07:27:06 PM
-snip

I used my VAR on the Messi question, I saw the Scaloni press conference, and I knew it that Messi was going to get pass from that game,

This was probaby one of the stupidest thing I have done for the entire season. I was basically submitting my answer last minute and a simple search of using simple keyword such as ' will Messi play tonight against Bolivia ' will show me that he wont be in the lineup. I was too preoccupied with the answers of Messi to score / assist with Argentina to win because he was pretty good in Inter Miami so I thought that I wont be needing that extra check anymore.

Tough luck but atleast we are currently 1-1 right now with alot more different answers between us  Tongue

I would say that was the difficult part because there was just no expectation for Messi to not play. I didn't check it at all and I also submitted relatively late. He recently said that he will choose to be substituted more frequently to save some of his energy. But who would know that he takes this sentence to the next level and skips an entire game just a few days later? Tongue

As for Harkorede not sharing his VAR, I think that's totally ok. Kudos to him for being on top of things. But seriously, I think it makes sense to watch out more frequently for thew news when Messi plays or is supposed to play for the Argentina team. I wouldn't be surprised if he does indeed skip games more frequently. I wonder if this has something to do with his nausea attacks he had for a long time. Here he said it was due to bad eating habits, but what on earth would a stay player at his level eat that makes him throw up all the time?

So it is a solid 0/3 for me so far and good to see that Strongkored also has given his best up until now! Wink
1005  Bitcoin / Bitcoin Discussion / Re: Let's Stabilize Bitcoin on: September 13, 2023, 07:15:41 PM
In order for Bitcoin to be widely used for payments, it is necessary to stabilize price fluctuations.

Question,
Bitcoin and other currencies A and Prepare B.
A and B are equivalent exchangeable and can also be equivalently exchanged for Bitcoin.

Is it possible to stabilize prices through market mechanisms due to this?

No, if you want to do something like you proposed, you would actually have to back it with something much bigger than Bitcoin itself and with very low volatility, and you would destroy one of its main features. Anchoring Bitcoin into something that is centralized itself would add an element of centralization to a system that is made to be decentralized and exactly for that reason widely accepted.

Bitcoin's volatility is easily explained. Yes there could also be manipulation at work and that is most likely happening, but for the most part Bitcoin is based on collective trust and expectation. Since Bitcoin doesn't provide dividends like a classic stock, there is also no metric like a P/E ratio or any of those others numbers used to price a stock and make investment decisions accordingly. There is a big number of people who are not doing a lot of research but want to be involved anyway. Those are the people who also are most affected by either FOMO or FUD. They buy when everything seems amazing and they sell on bad news irrespective of the actual impact of those news. High trader sensitivity also leads to high volatility.

But volatility is also attractive to people in general. If it wasn't for Bitcoin's volatility, the global community would probably not be as big as it is. There is an upside and a downside to that.

It would be more important to decrease friction and increase velocity, making Bitcoin a useable currency for everyday transactions in every situation at every time in any place. The Lightning Network would be such a solution, but there is still a lot of work to be done before we'll see higher adoption rates.
1006  Economy / Service Announcements / Re: Bitsar.com -Lightning Cryptocurrency Exchange. No KYC & No Registration Required on: September 13, 2023, 05:39:12 PM
I took the time and read the entire thread here and one thing I also wonder about is the "no-custody" part for the instant exchange mode. The reason that caught my eye is because I was using a service from a competitor of yours a while ago and they also said that the service is not centralized and they could not intervene with the transaction if they wanted to. But the issue is that they obviously can because something didn't work in their backend, I reached out to the customer service and they manually got it solved. While this does of course involve trust that you honor your obligations, I wonder why you think that there is no moment of custody involved on your behalf?

I get that the service is automated, but that doesn't mean nobody could push a button and decide to not initiate the actual exchange. I am using these exchange services and in many situations it is definitely the easiest and quickest way for crypto to crypto trades. But I have only used modest amounts so far because I am quite sure that there are centralized elements involved in the process. This is what some people here referred to when they are saying that sent coins could get stuck without receiving the bought crypto in return. I think this is not to express distrust here right away, but technically people care whether it is really trustless or it is not.

In your FAQ 4. says "...and Sanbu can easily complete the transaction." I wonder what is "Sanbu"?
1007  Bitcoin / Bitcoin Discussion / Re: How valuable BTC has become overtime on: September 13, 2023, 05:08:36 PM
It is more like a meme, funny but I doubt that it will be marked deeply in mind of any people.

Rather than finding fun with memes, you can read insightful book about Bitcoin.

The bullish case for Bitcoin (Book versions on Amazon)
The bullish case for Bitcoin (Medium)

This is a good point as you can essentially apply that price increase to almost any good and you could of course make it much funnier than measuring it in iPhones. Imagine you would make it in terms of rice. A metric ton is around $500, which means you could buy 50 tons of rice today with 1 Bitcoin whereas in its very early days you would just have gotten a few kilograms for 1 Bitcoin.

I think the funniest meme will always be the pizza meme because it's easily understood and also funny because it's food and however long it took that person to eat the pizza, one can put themselves in the shoes of the pizza buyer and think about every bite he took back then and how much it cost him to chew those bites. Cheesy
1008  Bitcoin / Bitcoin Discussion / Re: Owner of 8K bitcoin lost in landfill threatens to bankrupt local council on: September 13, 2023, 01:50:11 PM
https://protos.com/owner-of-8k-bitcoin-lost-in-landfill-threatens-to-bankrupt-local-council/

I think him lashing out at the city council and threatening to sue them doesn't make bitcoin look good. wherever his hard drive is, if it's in that trash dump i don't see how even a data recovery expert could get anything off of it. it's probably been crushed, cracked, corroded, etc. lost cause. his big mistake was throwing it away in the first place but that was his fault no one elses. he lost those bitcoin a long time ago. and they're not coming back.  Shocked

I noticed that this case is still a thing and looked it up and yes it is the Howell's case. I wonder if this really makes still sense to go after those Bitcoin. We are talking about a hard drive that has been in a giant hill of trash for years now.

If I understand correctly, he has been trying it since 2013/14(?), but I don't quite get the council's reasoning here. What is the point of not letting him search for it when they can first come up with a set of requirements that he must adhere to?

I agree that the chances are basically zero and he might be as well off playing the lottery instead (although it is tough to find one that pays that much money for the jackpot win Cheesy). But I also get why he is trying so hard. It must be a nightmare. Though there was a report about another guy who lost 7,002 Bitcoin because he forgot the password for his hard drive. The one good thing about it is that some of the hard drives really seem to be safe places and nobody could crack them.
1009  Bitcoin / Bitcoin Discussion / Re: Why is KYC mandatory in CEX? on: September 13, 2023, 01:26:50 PM
Privacy is important when it comes to Cryptocurrency, so why do exchanges like Bitget require KYC (Know Your Customer) for all users, even those who only want to get airdrops? I thought KYC should be for those transacting many Bitcoins, Is it really necessary for everyone?
I think KYC is an important thing. Cryptocurrencies have many challenges related to government regulation. Therefore, having KYC will make it easier for the CEX exchange to carry out transactions and trades. Your idea that KYC is only for those who make a lot of transactions is a good idea.

However, it will be quite difficult to implement this because there could be loopholes that will be exploited by those who don't want KYC. Or it can also be used to create scam because without KYC, people can create whatever accounts they want. And this could be a problem for CEX in the future.

Can you name one thing KYC has done for crypto since the government started the implementation? How many times has cex defaulted and announced being bankrupt due to hacks and stolen funds, even yesterday there was hacked that took place in one of the crypto exchanges called cryptoEX and it was reported that about $27M worth of ETH was stolen, who is the government supposed to KYC? The exchanges that are losing custody of user's funds to hack or the users that are just there to exchange? HUH!

KYC has been useful for the exchange to identify user's identity but I don't think it has been really useful the way it was intended, the centralized exchanges are the ones the government should be wary of, they have done more damage in crypto than even the said individuals. Look at how messy FTX has become till today, they are fighting each other within the teams, the sponsors, the politicians that accepted free donations, the lawyers and the venture capitalist and you think KYC is the problem, common bro.

I guess that centralized exchanges are just not as good as banks are at disguising the activities that are going on behind the scenes. FTX is a great example for that. Financing political campaigns on that level is insane. The dude with his curly hair and the jogging pants makes contributions in excess of $100 million to politicians. Then it turns out he ran some of the accounting for a multi-billion dollars company with spreadsheets and I think it was a free accounting software or something. Cheesy

Banks are running their own scams, but I think they know better how to do it then a young dude like SBF.

KYC at most exchanges is definitely a scam. I think when you take a publicly listed company like Coinbase, there is at least some oversight from regulatory bodies to make sure that they have a certain level of data security in place. But I have been asked by exchanges for my data that couldn't even spell the KYC shortage right. Cheesy One time a customer support agent wrote it as words to me like "K Why see" or something like that. It was absurd. Cheesy It's a few years ago and I wanted to trade one specific coin that at the time was only listed there. Better not trade the coin in the first place I guess. At some point they closed my account and I lost a few hundred dollars.
1010  Bitcoin / Bitcoin Discussion / Re: percentage of your income you dollar cost average in bitcoin on: September 13, 2023, 01:14:56 PM
what portion of your overall income do you keep aside for the purpose of dollar cost averaging in bitcoin, and what methodologies or criteria do you employ to establish this allocation, thereby guaranteeing a well rounded strategy that aligns beautifully with your individual financial objectives and your level of comfort in dealing with financial risk?

This is once again one of those questions that are doomed to fail in providing you with helpful information, if that was your goal.

It depends on a countless number of things, the type of responsibilities someone has and above all, how much someone is making on a regular basis.

If we stick with "what portion of your overall income" idea, there is so much variation to still be considered before sticking to a plan that someone else might suggest. If someone is making $100,000 a month and is investing 50% of that into Bitcoin because it feels right and the lifestyle allows to do it and take the risk, maybe no kids or family is involved and no mortgages have to be paid back, then I guess there is no issue with that. But if someone has to feed 2 kids and pay a mortgage for house, I would say that 50% is too much even when the person is making $10,000 a month.

I think it's just not really helpful to hear from someone how much is invested in Bitcoin. Whether it is 5%, 20% or 50%, without any background info those numbers lack meaning for anyone else.

I guess in relative terms the more someone is making, the higher the percentage can be because that person could cut down on many things if necessary. 
1011  Economy / Gambling discussion / Re: ⭐⚽⭐ Sportsbet's Bitcointalk Sports Fanatics League (BSFL) – 7000+$ rewards ⭐⚽⭐ on: September 11, 2023, 10:36:34 AM
Free bets already received, thanks @jeremypwr!

The questions for the last round were great. Very well chosen and of course luck is involved when Kosovo scores a goal in the 94' minute of the game, but in general I think these questions had great potential to let experience go into the choices we made. The Slovakia - Portugal game is a good example with the 0-1 goals scored option. Sure it could go wrong all the time, but from a probability perspective that answer made the most sense to me.

I also chose Gauff to win the tournament because I thought it is about time that history is written such that an American woman takes it home. At some point I thought Sabalenka is really too strong this time, but there we go. First thought was the right thought.

@cryptofrka when will the next cup round be? Has that been determined yet?
1012  Local / Trading und Spekulation / Re: [2]Tippspiel – CMC Top20 – Drive a Lambo? on: September 10, 2023, 07:10:15 PM
Na da bin ich ja mal schön das Schlusslicht mit lilbert19! Wink

Ich mag an solchen Tippspielen eigentlich am meisten, dass sie wirklich gut aufzeigen, dass diese ganze Prognostiziererei verschenkte Zeit ist für diejenigen, die sich ernsthaft was davon erhoffen. Technische Analyse und was auch immer. Wollte dazu die Tage auch nochmal einen umfassenden Post bei Turbatuluk hinterlassen, aber muss vorher nochmal den Thread von 1miau durchgehen, um da Redundanzen zu vermeiden. Generell ist's aber nach wie vor eindeutig: bin ich von Bitcoin überzeugt? Oder bin ich es nicht? Dieses Ranhalten mit dem Geodreieck und dann noch ne Linie reinziehen mit dem Mauszeiger, um zu gucken wo da jetzt alles hingeht, ne, das ist nicht meins. Tongue

Bin also sehr gespannt, wo das hier weiterhin langgeht. Interessante Updates.
1013  Economy / Gambling discussion / Re: ⭐⚽⭐ Sportsbet's Bitcointalk Sports Fanatics League (BSFL) – 7000+$ rewards ⭐⚽⭐ on: September 10, 2023, 07:02:15 PM
Nothing left for me to warch for except the issue of the freebet, but for once I can enjoy the remainder of this round with gnashing of teeth. Let's make it a good fight, CLS63!

@slam leea's not won yet. mv is hot on his heels with a win!

If I don't win that point, buwaytress and me will be tied for the last rounds freebet again. I don't remember what is the second rule to settle the freebets. I checked the first page but I can't seem to find this new rules for settling the freebets.

It was discussed and now freebet tiebreak is decided by the person who submitted first. In this round, that's you, so if we really do end up on a draw, well done to you, double whammy for me =) I like this, we always wanted to see more advantage for early submissions, and I think it's a great outcome =)

Is the "first submit - tiebreak auto-win-rule" already in effect?

I am not sure whether it is the best way to go about the tie-breaker issue. It is a bit against what we as a community here want the participants to do. Take some time, do some analysis, also familiarize with a new or rather unknown sport. I am not against the idea, but I am trying to figure out whether this is really the best option we have.

The situation with Trofo vs. cryptofrka was really an outlier, wasn't it? I haven't looked into the details, but weren't most of the h2h duels solved relatively quickly?

I think having some time to research info for the questions should not come at a cost. But again I see that there is an implicit cost anyway. Submitting early means foregoing additional info, which could then be rewarded by the advantage to win the free bet. I liked the system so far even when duels for free bets carry over to the next round. I think it is ok, but am also ok with the early submission solution.



Disappointed that Alcaraz failed to reach the final. Medvedev could screw the excitement for this final. If he has one of those days, then this is going to end in a quick 3-0 for Djokovic, unless he himself has some struggles to cope with.
1014  Local / Deutsch (German) / Re: El Salvador on: September 07, 2023, 04:55:41 PM
Dass das mit der massenhaften Adoption nicht lupenrein funktionieren kann, wenn nicht auch die nötige LN-Infrastruktur vorhanden ist oder aber auf Plug-and-Play-Weise von wirklich jedem installiert werden kann, war doch von vornherein ziemlich klar.

Ich glaube aber auch nicht, dass Bukele da jetzt innenpolitische Pläne geschmiedet und daran gedacht hat, Stimmen oder überhaupt Fürsprache für sich gewinnen zu können.

Ist das nicht zuallererst der Versuch gewesen, wirklich internationales Publikum (Informatiker, Investoren, Firmensitze durch Steuerbegünstigungen, etc.) anzuziehen? Ich habe das eher nie als einen innenpolitischen Schachzug verstanden.

Wahrscheinlich ist die Hoffnung mitgeschwungen, dass El Salvador durch das Investment an sich schon dicke grüne Zahlen schreibt. Vermutlich hat Bukele darauf auch spekuliert. Und vielleicht hat er seine Wirkung auf internationalem Level überschätzt, weil er vielleicht dachte, dass er mit der Ankündigung am Markt irgendwas Nachhaltiges auslösen könnte. 
1015  Bitcoin / Bitcoin Discussion / Re: Advantages of Bitcoin over fiat and local banks on: September 06, 2023, 10:32:44 PM
When you are storing your funds in the bank, keep in mind that government and legal authorities have access to your funds. You aren't the controller anymore of your funds. Bitcoin is the full reverse of the fiat system. If you store your funds into a non-custodial wallet means you have full control of your funds. You are your bank in this scenario. Bitcoin gives us financial freedom, we can spend and store our way. Sadly we can't ignore fiat as well due to our daily needs. Still, Bitcoin hasn't adapted globally and does not enable making payment everywhere.

I can't agree more.  In addition with Bitcoin, there is a possibility of making huge profits when the market goes in an uptrend unlike putting our money in the Bank where the value is depreciating due to inflation even though the bank gives interest but it is very small to make up for the devaluated value of fiat money over time.

One more thing, since banks have the sole access to the funds, if we decide to make a full withdrawal of our funds, but it exceeds the threshold of instant transfer, we need to wait for the approval and confirmation of the bank to be able to move our money and that is where Bitcoin shines brightly since with Bitcoin, we can move our funds anytime, anywhere we wanted.

This is true for the people who have a reasonable holding strategy and don't try to increase their Bitcoin holdings by trading it back and forth. Usually nobody would do that with fiat money unless they are forex traders. This is why Bitcoin is still considered and investment or speculative financial toy instead of a currency.

And regarding making huge profits, that would be the moment when you either sell your Bitcoin for cash again or you buy something else, but either way you'll have to use your Bitcoin at some point in order to realize gains.

1016  Economy / Gambling discussion / Re: * | Champions League Pool ⚽️ Discussion Thread on: September 06, 2023, 02:50:23 PM
Dear friends, I'm just messaging everyone here to say I haven't forgotten about this pool. It starts in 13 days, but as you might know, our former sponsor is no more, and I'm yet to receive a hard offer from anyone. I've reached out to some brands, so let's see!

I'm sure you would all still like to play, so I'm tagging everyone to gauge interest. Worst case scenario, I'll sponsor a bit of bitcoin myself, like the good old days before mega-sponsors Wink

Oh, and, I'm working on something to spice up the pool. I'm thinking of 50-50 prize split between two events:
- classic pool prediction on Superbru
- odds-based system, where everyone has a fixed # of points to stake on ML outcomes, winning points based on actual odds.

Code:
jayce
icopress
CLS63
vd309
cryptofrka
LTU_btc
Trofo
Slaman29
mv1986
KTChampions
casperBGD
famososMuertos
Saint-loup
Little Mouse
Igebotz
swogerino
Harkorede
leea-1334
tomahawk9
Hhampuz
bullrun2020bro
hahay
Cryptobuds
darxiaomi
notblox1
Joca97
Omikifuse
Distraction
dittoup
Pulsar77
logfiles
Altryist
BitcoinGirl.Club
Ulven

A quote can't hurt here so it rings the bell twice for everyone who's got the bot activated! Wink

Count me in and maybe others can also confirm whether they are in. That might give a potential sponsor a ball park of what to expect here, so maybe some sponsor shows up once it turns out that there is a decent number of people willing to play.

The odd-based idea is definitely nice. It would be more of an experiment as it hasn't been done here before as far as I know, but I have been thinking about it from time to time as well and followed your suggestions in the BSFL, too. Maybe the Champions League is the perfect event to give it a try.

+1 from me for that suggestion.
1017  Economy / Gambling discussion / Re: ⚽ Sportsbet.io ⚽ Bundesliga ⚽ Football Pool Discussion Thread 2023/2024 on: September 06, 2023, 02:29:55 PM

Let's hope so, Leverkusen looks like a great opponent for Bayern currently, maybe even better than Leipzig.  Smiley


Seeing how well Leverkusen has been playing recently, it's a pity that there is this break now. I wish Bayer Leverkusen would play Bayern this upcoming weekend when they are still into beast mode. Quite often these breaks help some teams and harm some others. The worst case would be if Leverkusen loses one or two key players due to injury because of those national team games. That's when Bayern is at a slight advantage I guess because they would have less of a hard time to replace them.

Anyone else thinks that Alonso is the new 24/25 Bayern coach? Wink
1018  Economy / Economics / Re: Is market manipulation a common occurrence everywhere? on: September 06, 2023, 02:02:25 PM
-
CEOs of major US banks conspiring? The idea is almost absurd. While a handful have power, it's foolish to presume they're puppet masters behind every scandal. For instance, the LIBOR scandal? That was a systemic issue, not just a few prominent people.

However valid, centralization of power doesn't inevitably mean widespread manipulation. Powerful people aren't necessarily evil. Decentralization, like Bitcoin and other cryptocurrencies, gives many optimism. Ironically, 'whales' cause large price movements in Bitcoin. So, what's your point exactly?

I would like you to not imply things I haven't said. I was talking about a hypothetical scenario (I called it hypothetical plans) and then said that where power is centralized, there is also a window of opportunity for fraud (or conspiracy as you call it). The LIBOR scandal is one example of that and Anshu Jain, a former Deutsche Bank boss was also involved (surprise surprise). If they didn't have the power, they couldn't have executed the manipulation.

This is the so called fraud diamond:



I have investigated a few fraud cases during my academic path and the fraud diamond is simple, it almost looks trivial, but a lot can be derived from it. Capability in most cases reverts to centralization of power. Top-down structures that can either command the execution of a fraudulent activity directly or indirectly by creating pressure/incentive. The LIBOR scandal can be very well explained and it is also very well documented. I assume you have never looked into it from an investigative perspective, because if you had would would know what I was talking about.

Yes, Banks collude! Absolutely do they collude. Again, this can happen either work through discreet implied "contracts" / collusion because everyone knows what to do without talking, or there can be the obvious version, meaning a few CEOs meet for a coffee and afterwards something happens (which is probably rarely the case Wink ).

Do we have examples? Oh hell yes, the subprime mortgage crisis was a kind of collusion, but eventually everyone colluding was competing with each other because of fire sales and the subsequent liquidity crunch, blowing up balance sheets and letting them crash altogether, or at least those who were worst at the round-robin-game.

The funniest of it all is that you are bringing up the term conspiracy and that "centralization of power doesn't inevitably mean widespread manipulation". A knife doesn't inevitably mean murder and a chair could mean murder and not inevitably mean sitting. But Bitcoin exists because "not inevitably" could translate into "possibly", and since the world has not fared that well with your "not inevitably", Nakamoto thought about the system that sets in stone the rules and the mechanics of the game.

The fraud diamond shows that there is massive incentive to tamper with the blockchain, rationalization for tampering it is also conceivable, but capability and opportunity are possibly infinitely small.

Can Bitcoin the market be manipulated? Yes, but Bitcoin has an interesting feedback loop because as the price rises through manipulation, adoption and the network actually grows because rising prices usually draw attention to something, increasing future resilience for further manipulation.

Centralization is among the most important factors reflected by capability and opportunity in the fraud diamond. How could the mortgage crisis enfold like that? Because of centralization of power. Banks paid the auditors that attested to the validity of MBS reported fair value. A lack in independence led to those misstatements. An enmeshed network of top-down power and dependencies without negative feedback loops including penalties led to the whole thing to burst in the end.

1019  Bitcoin / Bitcoin Discussion / Re: Government vs Bitcoin on: September 05, 2023, 08:38:27 PM
Bitcoin hasn't harmed the government, but the innovation that is in bitcoin makes most governments afraid. Governments are afraid because they can't control bitcoin, of course that has made some of them ban it. But I am grateful that my country's government has not banned bitcoin completely, I mean bitcoin can be traded even though it is not allowed to use it as legal tender.

The policies taken by the government towards bitcoin are sometimes detrimental. Governments tend to say something negative about bitcoin, but they're basically just lying and pretending not to know. Bitcoin is just like any other currency, it can be misused for whatever reason. But that's not a good reason to ban a currency.

They can't ban Bitcoin and it doesn't matter whether they have good reasons or not.

I had a look at the etymology of the word and although it isn't surprising, the etymology states for to govern "late 13c., "to rule with authority," from Old French governer "steer, be at the helm of; govern, rule, command, direct" (11c., Modern French gouverner)..".

As far as I know there has never really been anything that the government could not control when they wanted to. They can slow down cryptocurrency expansion and adoption, but they can't ban it in its entirety. This has to do with both domestic policy and foreign policy consequences. Banning it in a home country could mean that a different country makes use of the opportunity and accepts it or even fosters the use of cryptocurrencies. Open and free countries have to carefully consider their decisions. China doesn't give a damn and has therefore announced every three months that Bitcoin is now finally banned, but the truth is:

Quote
China court declares virtual assets legal properties protected by law: Report

Despite a blanket ban on cryptocurrencies imposed by Beijing in 2021, many Chinese courts over the years have established that virtual asset holders have property rights.

Here you can see that Bitcoin has never disappeared in China because of a ban. Even better, I doubt that any court would rule against what the CCP really wants them to do. To me this seems more like a backdoor that the Chinese government can one day say that they except the independent judiciary system. The Chinese saw that instead of taking the lead with a ban, they are actually falling behind when many other countries choose to be more open-minded towards decentralized financial technologies.
1020  Economy / Gambling discussion / Re: Will the transfers to the Saudi league become a problem for European football? on: September 05, 2023, 08:18:59 PM
That's what I've been saying, you couldn't deny the fact that there will be major downsides to this since these are star players, these are A-list athletes with years of experience and prowess that's transferring to a different league leaving the European Futbol with a massive spot to fill in. No doubt this will definitely subside in due time especially since we get no shortages of amazing football talents from everywhere but it would take time for the whole league to recover, until these new bloods get their big breaks and are recognized by the public.

It's one thing to be optimistic about things, it's another to be blindsided to the reality of the whole scenarios, you won't get another Messi nor Leonardo in a snap of a finger, these players take time.

Isn't it really still negligible? There was a time when some starts went to China and there was a time when some stars went to the MLS, but none of those leagues has really turned into serious competition for Europe. If I am not completely mistaken, the players that now went to the SPL are what, 15 or 20 or how many? This doesn't change much. It kind of reminds me of forks and I have read this somewhere else already, you can't fork the ecosystem, but you can fork the blockchain.

Europe has not just been Messi + Ronaldo. It has been so much more and there is a reason it is the most prestigious place on Earth to play football. Messi vs. Ronaldo in La Liga is not the same as Messi vs. Ronaldo in the SPL.

Let's assume that La Liga from 10 years ago would have been integrated into the SPL. And then? Nothing would be the same anymore, no more Champions League between  Liverpool and Barcelona or Madrid and Manchester City. This - if at the SPL they really plan to become a global competitor - will take at least a decade to build something visible. It won't be done with just transferring 20 players per season from Europe to Saudi Arabia.
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