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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you all know about market cap and total money invest in crypto market, marketcap is determined by total value of all coins combined in current time is called marketman*marketcap total money invested in market is determined by I don't know, if you know please tell me. I was searched on google just for fun what is total money invested in crypto but it was highlighting just market cap for that search result, as here shown: https://ibb.co/7RNfFXgis it possible to determine the total money invested in crypto market, or i am wrong with this thread. The total money invested in the crypto market can be measured only if you gather accurate and verified data about all the fiat-to-Bitcoin and fiat-to-altcoin purchases, that were made around the world in the last 10 years. Good luck trying to gather such data. Maybe we could get a number that's close to the truth, if we divide the crypto market cap to a certain coefficient. I know that the total money in circulation in a economy can be found by diving the GDP to a particular number(I forgot the number). Let's say the crypto market cap is 550 billion USD. Divide that number by 20 and you'll get the total money invested in crypto. The problem is finding the exact coefficient, which can be used for this equation. |
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The global economy isn't collapsing. It's heading towards a recession. A recession is a normal part of the economic cycle. The capitalist economy can't just continue growing forever without any recessions. The global economy has been running on steroids for several years(really low interest rates, quantitative easing, money printing, etc.). It's pretty normal for all those financial steroids to have negative side effects. It was pretty much expected for the interest rate hikes to cause trouble for the weaker and not-so-well managed banks(like Credit Suisse). Higher interest rates lead to the price of treasure bonds going down, which means that they are harder to sell. Many banks have treasure bonds in their portfolios. |
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Importance: Features:
3 Huge variety of games and different sections (sports, live tables, etc
6 Good bonus/reward program
7 Good looking, intuitive and fast user interface
9 Good help desk
9 Strong community/ Reputation
6 The age of the site
4 Casino's own token that pays dividends / ability to mine it by gambling
8 Instant deposits & payments
3 No Kyc
3 Nr of payment methods
Are you trying to do some kind of poll or survey? I don't mind about the number of games and payment methods. I prefer quality over quantity.
Good customer feedback and a strong community are the main factors, that could make or break my decision to use a certain online casino.
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1.Bitcoin market was under pressure for a long time due to CPI and Intrest reports even the whole stock market was under pressure due to the last few moth economic developments. But now if the US government stops increasing interest rates in the next months the risk investment markets especially Bitcoin will attract investors for future opportunities.
2.As US government decided to print $2T and also update it on the Balance sheet which is indicating Quantitative easing in the coming month where a major part of this easing will be going to be part of the Crypto market and China has already announced Hong Kong official Trading Hub for the crypto market from the month of June
3.banks Actually lost the confidence of the customers/users as after a few months back developments I am not sure that my saving is safe in banks and even its continuously devaluating so I will definitely prefer the alternatives and Crypto is the best option is not just a thing to say in reality now people are clear where they need to store their assets
1.I think that the pressure upon the crypto markets will continue, as well as the pressure among all financial markets. 2.We already knew that the Federal Reserve(not the US government) will continue with the money printing and the interest hikes are temporary. Nothing new here. 3.I don't think that ALL banks had lost the confidence of the customers. There are some "rotten apples" in the USA and Europe, but I think that the vast majority of the people still trusts the banks. Anyway, I think that your topic belongs to the Speculations forum. I don't believe that Bitcoin will hit a million dollars. |
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Which country are you talking about? I don't know about such gambling tax deduction in the US tax system. The tax system in my country has imposed a 15% income tax on all registered gambling businesses(in addition to the 10% corporate profit tax). There isn't any tax deduction for gambling loss in my country, AFAIK. Having such tax deduction seems immoral and ridiculous. The gamblers would be incentivized to gamble more, because their loss will be deducted from their taxes. I don't know about any country in the world, whose tax system stimulates the gamblers to gamble more.  |
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I remember several years ago, when Japan and South Korea were considered to be extremely Bitcoin/crypto friendly. This changed and the governments of both countries imposed heavy regulations over the crypto industry. China was also Bitcoin/crypto friendly, until 2016 or 2017, if I remember this correctly. Russia was hostile towards crypto years ago, but now it's kinda difficult to determine where the Russian government wants to go in terms of crypto adoption. In summary, most Asian countries are unpredictable, and you never know when they will change their policies in regards to Bitcoin/crypto.
I think that the current crypto price pump has little to do with Asia and something to do with the negative news about some American and European banks.
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