Amazon is one of largest 100 companies in the world, Amazon total assets are 462$ billions and they have 1.5 millions staff - https://en.wikipedia.org/wiki/Amazon_(company). I think they are safe for buying, even hardware wallets. This youtuber gets somewhere cryptoware virus. But the main question is - how this cryptoware virus infected also hardware wallet ? Almost any business or individual could create an Amazon seller account and sell stuff on Amazon. They could buy fake Amazon reviews to boost their sales and create a fake positive reputation for their business. Facebook and Telegram were full with Amazon review groups. The fact that Amazon is a legit company doesn't mean that scammers won't use Amazon to find victims. The same thing applies to eBay. I don't know about crypto viruses infecting hardware wallets. Maybe you could explain more about what type of crypto virus could potentially infect a cold wallet. |
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Usury is an immoral profession in almost every society. But today this immoral profession has a modern counterpart. Its name is banking. And banking is regulated by law.
Making money by prostitution is an immoral profession in almost every society. But today this immoral profession has a modern counterpart. Its name is porn industry. And the porn industry is regulated by law.
Do you think moral concepts are being killed by capitalist imposing laws who want to make more money?
I disagree with porn industry being a modern counterpart of prostitution. They both are different niches of the global adult industry. Usury is the illegal process of financially exploiting people, who borrowed money from the loan sharks. Banking has little to do with financial exploitation. Certain businesses like prostitution and gambling have to be regulated by the law, instead of being declared as completely illegal. Making those businesses completely illegal would be a step in the wrong direction. Just like the dry regime in the USA back in the 20th century. The mobsters would expand their crimes just because certain activities are banned. The majority of the people don't have very high morals by default. |
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I live in Australia and we have no taxes on all gambling winnings (lottery, hose racing, sports betting and casinos).
I know the USA has gambling taxes and I think it's ridiculous.
You are risking your own money and if you win you are penalised.
I'm curious as to how many other users have to pay taxes on their winnings.
There was an old forum thread about the same subject. Perhaps you could search the forum instead of creating new threads about old topics. Anyway, all gambling operators in my country pay a 15% revenue tax and all gambling winnings are treated like income, which is a subject to a 10% income tax. I guess that Australia doesn't have specific gambling taxes, but the gambling winnings have to be declared and taxed as income. Risking your own money doesn't mean that they should be tax free. Many countries have capital gains tax, investing your capital in stocks and bonds can also be considered "risking your own money". |
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The people, who are using BTC mixers have something to hide, which means that they are doing something shady/illegal. If you are not involved in any crimes whatsoever, then what's the point of mixing your Bitcoins? Like many forum members have stated, this is not the end of BTC mixers. It's a never ending battle between such services and the authorities. BTC mixers are like the darkweb marketplaces. Big darkweb markets were shut down, but new markets are appearing out of nowhere. If you aren't doing anything illegal, why you are so concerned about BTC mixers. The people, who are obsessed with online privacy seem more or less paranoid to me. Of course everyone has to protect his/her sensitive info online, but we don't need BTC mixers for that purpose.  |
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During the industrial revolution back in the 18th and 19th centuries, many people were afraid that the industrialization and the massive implementation of machines would cause extremely high levels of unemployment. That didn't happen. Nowadays, we are witnessing that same fears about AI. I don't believe that AI would cause big unemployment. Perhaps implementing AI could cause a boost in efficiency and cutting all the "bullshit jobs", that are a problem right now inside the big bureaucratic structures of the multi-national corporations. Most of the people will have to adapt and survive(by learning new skills). The "average Joe" won't lose his working class social status because of AI. |
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When some people ask questions about gambling, such as "Can someone can make a living through gambling? I don't like to engage in such conversations because those who doubt that gambling can change someone's life are usually those who have gambled and failed multiple times or those who don't really know gambling strategies. Recently, a Uganda pastor who won 100million shillings decided to shut down his ministry. This left me with several questions in my head, such as ' Do religious leaders gamble? Is it right for religious leaders to gamble? Knowing fully well that most of them preach against gambling in their religious places. What is the ethical and moral implications of gambling, particularly in the context of religious practices and beliefs? News source: https://www.reubenabati.com.ng/news/pastor-shuts-down-church-after-winning-n100m-sports-betCorrupt religious leaders exist since the creation of religions. Many priests and pastors are involved in worse things than gambling. Gambling has no moral and ethical implications. The pastor from Uganda mentioned in this article is a real gangsta. I'm sorry to say that, but the whole story sounds kinda funny. OK, this guy had won a big amount or money. Why does he have to shut down his church? Maybe his preaching would help other people to find true meaning in life(despite him not being a role model). I guess that he never really wanted to be a pastor. |
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I don't want to waste my time watching this 1 hour video. Here's one of the comments below the video. If making money is the goal from the 'product', then the product is likely a scam. Wrong! The goal of Bitcoin isn't "making money". The goal is to be your own bank and to preserve the value of your wealth. Unfortunately the vast majority of the Bitcoiners and almost all crypto noobs think that the goal of Bitcoin/crypto is to make money fast. This misconception has to be solved, but on the other hand, greed is the main factor, which leads the people into buying BTC/crypto and pumping the price. Anyway, haters gonna hate... |
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So basically some stranger (a woman) asked you to find Bitcoin vendors? That sounds weird. No stranger ever asked me to find BTC vendors. How did she contact you? Offline or online? Can't she find Bitcoin vendors herself(assuming that this is an actual woman and not a guy pretending to be a woman)? We live in the age of Google. Can't she do a Google search? How much is 50K in your local currency worth in US dollars? How did you manage to lose 100 USD? Did somebody scam you? Where did you invest those 100USD? |
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I believe that fraud is the biggest issue that online casinos are facing after settling with the LAW to keep running their businesses, and I believe that the combination of Artificial Intelligence with human assessment will help prevent frauds.
With AI it will be more easier to eliminate frauds and set a stronger level of protection because AI is far more capable of doing the intense cross checking and and more complex security checks, it is a load of work for human to do cross checking themselves as the chance of missing a spot is possible due to tiredness or laziness. All these work load can be shifted to AI and leave the investigation cases to humans to fix.
What else do you think a gambling casino can benefit from using AI technology?
By "fraud" you mean gamblers stealing from casinos, or the casinos stealing from the gamblers? How exactly do you imagine AI helping fraud prevention? I think that right now, the online casinos are quite secure without AI. No AI in the world can prevent a casino from scamming the customers. Do you have any idea how AI can be used for preventing a casino from blocking accounts, refusing withdrawals and running away with the gambler's money? I'm not an expert in this field, but I think that a good software can do really fast cross checking without necessarily being AI. Many people, who are not-so-tech savvy have this weird perception of AI possessing godlike superpowers and solving all the problems in the world. This is hilarious. |
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the future of gambling using CBDC could be yes or no, it depends on the enthusiasts of the gambler there if there is increasing interest in the gamblers using the CBDC I think there will be a future of gambling using the CBDC,
but if gamblers' interest in the currency declines, it may be difficult to have a future gambling using CBDCs.
The real question isn't whether or not CBDCs have future in the gambling industry. The real question is will the central banks allow CBDCs to be used for gambling. I hear theories that CBDCs might have an "expiration date" which will force the users to spend them before they expire. I also hear rumors that the central banks will be able to track and control all CBDC transactions. This means that some CBDC transactions might be considered illegal and banned by the central banks. Gambling is considered illegal in many countries, so I don't think that CBDCs implementation will be a good thing for the gambling industry. Perhaps many online casino would just stay away from CBDCs, because of privacy concerns. |
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This is the same anti-Bitcoin/crypto propaganda every anti-Bitcoiner keeps repeating. "Bitcoin/crypto is bad, because {insert random centralized crypto company scam here} stole people's money." Only ignorant people with low IQ would believe in this nonsense. It's like saying the US dollar is bad, because a criminal stole the money you where hiding under your bed. I've never heard anything about this FedNow thing. Is this a new payment gateway or something? The left wing progressive liberals/democrats never put the blame on themselves and their incompetence. They will always point fingers and blame someone else. |
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Justin Sun was involved in some shady shitcoin/token stuff, so he deserves some kind of punishment. I guess that he owns BTC and he might sell it, but it's not some large amount and we shouldn't be worried that Sun selling his Bitcoins would singlehandedly crash the BTC price. The Bitcoin market witnessed a big price pump from 20K to 28K USD and it's time for a correction. Everybody knows that this price pump wasn't steady and the price might be hitting new lows in the future. This is something normal and the Bitcoin newbies shouldn't panic. I'm not as optimistic as some other people in this thread. Whether Tron is a centralized shitcoin is of little importance to the SEC. Anything that is a threat to the US dollar they will try to go after. Tron just happens to be an easy target but it is naive to believe they won't ever go after Bitcoin.
Nobody is denying that the US government could attack Bitcoin at some point. The scammers like Justin Sun have to deal with the consequences of their actions. It doesn't matter if they used altcoins or Bitcoin in their scams. |
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There was another topic about WWE betting and I don't want to repeat my opinion here. Everyone is free to bet on whatever he wants to bet. There are bets about who will win the presidential elections in the USA, why not having bets about scripted wrestling fights. The presidential elections might be as rigged as WWE wrestling. As long as there are people, who are willing to spend some money on this, there will be bookies offering such bets. The demand creates the supply. I would never bet on scripted wrestling fights, but that's just me. There are people, who spend their money on way stupider things than scripted wrestling fights. The people are free to do whatever they want with their money. They could just throw their money in their toilets, if they want to. |
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I expect several things to happen. 1.Bitcoin mining will be banned in the USA, because "it pollutes the environment and wastes energy"(or some other BS). 2.Most miners will move to Asian countries(including Russia). 3.Bitcoin will be banned completely in the USA(and the rest of the western world), because "Bitcoin is controlled by Russia, China, bla bla bla, insert random BS here, etc." This is the extremely negative scenario, which I expect to happen, but the possibility is still low. Of course the banking system will be "saved" by printing and throwing more money at the banks, which is the equivalent of trying to stop a fire with gasoline. |
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money i can afford to lose is so small for me that if it will be 100xed then also I will make profit very small
what is the meaning of this "invest only what you can afford to lose" ?
you also invested this small part of your savings(not talking about wealth) in bitcoin, I don't think many of you invested money that can not impact your life if all gone.
and also please share some very rock solid points that investing in bitcoin is profitable, and non losable in long term, we don't know if other satoshi came out in 1-2-3 years later(just an less probability thought)
also tell about my english(feedback kind of) when i read my sentences, i feel this is very bad english.
If you can afford to lose really small amounts of money, then you have a problem with your income. Don't focus on your small savings and investments. Focus on growing your income. This will allow you to save more money, so that you'll have some capital that could be invested in assets that have higher risk/higher profit and you could afford to lose. Bitcoin isn't some sort of easy investment, that will magically 100x your investment. It's your responsibility to buy and sell at the right time and to not panic, when bad news hit the markets. Nobody can guarantee you big profits in the world of finance. If somebody is promising big profits with low effort, he is most likely a scam. Your English is OK, I just don't understand what do you mean by "satoshi came out in 1-2-3 years later". The appearance of Satoshi Nakamoto most likely won't change anything at this point. |
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Bitcoin fixes this. Well, I have doubts that Bitcoin could fix this. More than 90% of the people in the USA would most likely never buy/adopt Bitcoin. They will keep running in the fiat rat race, even though they know that the end is going to be ugly. The US (and the global) fiat financial system has reached the point of no return, after which they simply can't stop the money printing machines. Stopping the printing machines would lead to a global depression and the collapse of the entire financial system. At the same time, it's obvious that the continuation of money printing will lead to more inflation, debts, devaluation and social inequality. Bitcoin could serve as a safe heaven, but the majority of the people would prefer to lose their fiat wealth, rather than investing in BTC. |
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so why many people promote gambling sites by telling the new people that you will get bonuses (without telling them the terms and conditions) Why so many people think that the casinos are going to offer them something for free(like bonuses) without anything in return and without any strings attached? Nothing comes for free in this life. If anyone thinks that he will get something for free out of a casino, he is simply dumb or naive. The influencers want to make money, the casinos want traffic and customers. There's nothing wrong with that. Some influencers might be a little bit misleading, when they promote certain offers, but it's everyone's own responsibility to research and read the Terms of Service before depositing any money into a casino. OP, why don't you use capital letters and punctuation in your post? Your wall of text is kinda difficult to read. |
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Bitcoin DEXs
Bitcoin-first online merchants
Decentralized Bitcoin lending
1.I agree that we need Bitcoin DEXs. Centralized crypto exchanges must stay in the past. The problem is that the governments want to stick with centralized crypto services, because they are easier to control. 2.Bitcoin would never be popular for daily purchases because of the price volatility and the constant expectation that the BTC price will skyrocket. Most of the Bitcoiners would just keep HODLing their BTC rather than spending it on an "Bitcoin Amazon" or "Bitcoin eBay". 3.BTC lending won't work because of the price volatility. If the BTC price crashes severely, all the borrowers will have to default and the lenders will simply collect the collateral. Usually the collaterals will in a stable currency or stablecoin. The only way to speed up mass BTC adoption is to make the process of buying BTC as easy and convenient as possible. I don't know how that will happen, with all the KYC procedures and high fees. |
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I don't think that the crypto winter will end soon. The price might go above 30K USD for a while and then go back to levels below 25K.
There are some positive news in regards to Credit Suisse being bought by the biggest commercial bank in Switzerland, so I think that the financial markets might calm down. This would lead to the cryptocurrency markets also calming down. I don't expect a new FOMO phase and a massive bull run anytime soon. The global economy might be heading towards a recession and I don't know what the impact over the Bitcoin price would be. I really wish the 2019 spring could happen again and we could see a big price pump, but I' not optimistic.
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~Online gambling businesses have become more attractive since the Covid19 days, more money entered the gambling business, making the attention very noticeable, also a good opportunity for the law to go after them.
~There are penalties on online gambling necks too, they have to implement anti-money laundering procedures just to survive, many online gambling platforms faced the panel in the past and ceased to exist.
~You have no idea how much these companies spend per year just to be friendly to the law and pass criterion regulations and business procedures, it is called intense regulation, to avoid fines.
~The only way these people can avoid the mistake of allowing fraudsters into their system ( gambling platform ) is by having KYC and AML (anti-money laundering ) in place.
~If you see another way that I don't, do drop your comment, because people can't be trusted, they will pretend to be a random online gambler but they have other bad intentions in mind. 1.Nah, the gambling business was heavily regulated way before the COVID-19 pandemic. 2.Well, some of them are spending a lot, like offline and online casinos, which are located in countries, that have strict gambling regulations. Most of the small and medium-sized online crypto casinos simply have a Quracao license and also they probably have offshore hosting, so they "can fly under the radar" of the regulators. 3.What kind of fraudsters are you talking about? People, who want to exploit weaknesses of the online casinos, or money launderers? The first ones can be stopped without KYC and AML. I can tell you that the online casinos don't want money launderers, because the launderers don't want to spend money on the casino, they just want to launder some money and run away, leaving the casino with potential negative consequences, when the authorities find out about this. |
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